Trade on weekends with CFI
Weekend trading
on a Saturday or Sunday. So, if news breaks and you see an opportunity to trade, you won’t have to wait until the markets open again on Sunday evening.
What are Weekend FX instruments?
their FX exposure. They work in the same way as weekday Rolling Spot FX, with the exception that they expire on market close, Sunday 23:55 (Server time) and there are no overnight financing charges.The Weekend FX instruments are offered between Saturday 00:05 to Sunday 23:55 (Server Time) and are separate instruments to those traded on weekdays.
Trading of Weekend FX instruments will not affect clients weekday positions.
WHY WEEKEND TRADING WITH CFI?
What are the FX instruments offered over the weekend?
Name
|
Symbol
|
Margin
|
Contract Size
|
Min./Max. Volume
|
Point value
|
---|---|---|---|---|---|
EURUSD
(weekend) |
EURUSDw
|
3%
|
100,000
|
0.01/5
|
$0.10
|
USDJPY
(weekend) |
USDJPYw
|
3%
|
100,000
|
0.01/5
|
JPY10
|
EURUSD
(weekend) |
USDJPY
(weekend) |
---|---|
Symbol
EURUSDw |
Symbol
USDJPYw |
Margin
3% |
Margin
3% |
Contract Size
100,000 |
Contract Size
100,000 |
Min./Max. Volume
0.01/5 |
Min./Max. Volume
0.01/5 |
Point value
$0.10 |
Point value
JPY10 |
Weekend trading Frequently Asked Questions (FAQ)
Between Saturday 00:05 and Sunday 23:55 (Server Time) the Weekend FX instruments will be available for trading.
On Market close on Sunday at 23:55 (Server Time) the Weekend FX instrument will expire, and any open positions held into the close will be settled against the Settlement Price. Weekend FX instruments are completely independent to weekday Rolling Spot FX. Your open positions in weekend FX will not net off against any open weekday Rolling Spot FX positions.
The settlement price is derived using the average of the midpoint price of the CFI instruments between 00:10-00:30 (Server Time) on Monday.
Working Example:
On Saturday at 00:05, Client X opens 1-contract trade in EURUSDw at 1.10350.
On Sunday 23:54, market price is 1.10850, Client X can close his contract at 1.10850.
Client X chooses to hold the position to market close, position will go through settlement process and will settle at Settlement price instead of close price.
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