Online Trading

Commissions & Conditions

COMMISSIONS FOR ONLINE TRADED CONTRACTS


These commissions are for each contract and for each trade (buy or sell) through HMS Trader 2 and exclude exchange fees which are listed under the contract specifications.

COMMISSIONS FOR FUTURES CONTRACTS


For online traded futures contracts, a commission of:

  • EUR Denominated Contracts EUR 2.50*

  • USD Denominated Contracts USD 2.50*

  • GBP Denominated Contracts GBP 1.75*

  • AUD Denominated Contracts AUD 7.50*

  • JPY Denominated Contracts JPY 1,000*

  • SGD Denominated Contracts SGD 10.00*

  • SEK Denominated Contracts SEK 35.00*

  • * Commissions are per lot per side plus the relevent exchange fees.

SUPPORT FOR STOP AND STOP LIMIT ORDERS


Stop and stop-limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the popup details for each contract.

MAINTENANCE MARGIN


Futures contracts are traded on margin, enabling you to leverage a small margin deposit for a much greater market effect.
You must maintain the maintenance margins listed per contract in your account at all times. If the funds on your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.
The client acknowledges, understands and accepts that it is the sole responsibility of the client to monitor,verify and maintain correct margin requirements at all times and that HMS LUX is under no obligation to inform the client of any adverse market movements or losses in the clients account.
However if a client's account margin requirement drops below the margin requirement , HMS LUX , at its absolute discretion and without prior warning, reserves the right but not the obligation to close out (liquidate) all positions, on a best effort basis.
The client understands that he/she shall hold HMS LUX its employees, officers and directors harmless from any or all losses at all times for any actions taken to liquidate or close out such positions and the client aknowledges, understands and accepts that he/she will remain fully responsible for any claims, liabilities, expenses, any and all losses incurred, due to such actions taken by HMS LUX.
Important Information
HMS Trader is a multi product trading platform which supports cross product margining for any margin based investments made in the different products supported.
The client is therefore required to monitor first and foremost the aggregated margin requirements from all investments as a percentage of the client's Net Free Equity. At 100% "Margin Utilization" the client will be deemed to have utilised all available margin collateral. see below
The client's total "Margin Utilization" , irrespective of products traded, must not exceed 100%. If the funds in the client’s account fall below the minimum margin requirements and the "Margin Utilization" exceeds 100%, the client will be required to decrease position(s) in order to reduce exposure.
It is the client’s total responsibility to monitor position(s) and margins at all times. If the "Margin Utilization" exceeds 100%, HMS LUX reserves the right but not the obligation to close out all open positions.
Account Exposure
The Client must not invest in more than 70 percent of the Client’s account value in any one Margin Trade instrument and/or related Margin Trade instrument. If the Client holds more than 70 percent of the account value in any one Margin Trade instrument and/or related Margin Trade instrument, the Client will be required to reduce the exposure. It is the Client’s total responsibility to monitor the clients account(s) and exposure at all times. If the Client does not comply with this requirement, the Clients Account will be considered to be over-exposed and HMS, at its absolute discretion and without prior notice to the Client, reserves the right, but not the obligation, to reduce the Client’s exposure by closing position(s). The Client is made aware that HMS, at its absolute discretion, may consider certain accounts higher risk and may lower the above threshold. In such cases, HMS shall inform the Client.

PARTIAL FILLS


Partial fills may occur on limit orders and the remaining amount will stay on the market as a limit order and may be filled within the order duration.

Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.

EXPIRY OF FUTURES CONTRACTS


Please note that HMS Markets does not support physical delivery of the underlying security upon expiry of a futures contract. We therefore advise you to be aware of the expiry and first notice dates of any futures contracts you invest in and ensure that you close your position before this date. If you do not close a futures position before its expiry or first notice date, the platform will automatically close your position for you at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.
If you require any assistance or clarification regarding the expiry of futures contracts, please contact HMS Markets.

PROFIT/LOSS CONVERSIONS


Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing close rate as of 17:00 New York Time, plus/minus 0.5%.