Account Opening
Information about service provision, trade organization, and trading platform
Information about the trading organization model:
"Unicapital Investment Company" Open Joint-Stock Company organizes margin trading on Contracts for Difference (CFDs) based on the Model A*.
Model A* - In this model, the Investment Company carries out all client orders, including the procedure for determining quotations formed in the trading terminal, by forwarding them to the liquidity providers it collaborates with for execution.
The liquidity provider is "Swissquote Bank SA".
Information about spreads:
In UForex, spreads (the difference between the buying and selling prices) for all instruments are formed entirely based on market conditions. Therefore, the terms of all operations are dictated solely by the global currency market.
To get accurate information about the spreads, you can download the "UForex" demo terminal and familiarize yourself with the real-time prices.
UForex recommends reviewing the features of each instrument (spread, swap commission, etc.) before starting trading.
Commissions:
No commission is applied by UForex for deposits and withdrawals.
In addition to swaps, a markup is applied.
Information about Margin Call level and closing of open positions:
Margin call – a warning issued by the Investment Company to the client when the funds in the client's account decrease and reach a specified minimum level.
The margin call level is considered the 100% threshold of the collateral level. If the exchange rate forms a level that causes the planned fund balance in the currency market to drop to 100% or below the required margin, the Investment Company advises the Client to strengthen their account or close part of their open positions within the shortest possible time.
If the exchange rate forms a level that causes the planned fund balance in the currency market to fall below the required margin, the Investment Company automatically closes the Client's open positions at the current market rate on the Electronic Trading Platform to prevent further losses. In UForex, the automatic closure threshold for open positions is set at margin levels of 20% or 30%.Due to events in the currency market, the stop-out level for position closures may be executed at a percentage different from the predefined rate.
Credit limit for financial instruments:
The credit limit for each financial instrument varies depending on the collateral requirement. This information is specified in the "Specifications" section of the trading terminal. UForex recommends you to get acquainted with the specifications of the instrument before starting trading.
Detailed information on the term financial instrument (forward contracts):
https://en.swissquote.com/forex/pricing/trading-conditions/forward-expiration-dates
Information about the rollover of a contract for difference
The contract for difference rollover is the process of transferring open positions to the next period, depending on the underlying asset's duration. According to the trading conditions of the financial instrument with a futures contract (underlying asset), the client’s relevant operations are calculated based on the price of the next futures contract without stopping the operation. In this case, a Contract for Difference rollover ("Swap rollover") commission is applied to the client's relevant transactions.
The "Swap rollover" commission applied to the client's account is calculated using the following formula:
FMR = Contract for Difference rollover
V = Volume
PF0 = Current price of the futures contract for the underlying asset
PF1 = Current price of the next futures contract for the underlying asset
SD = Daily "Swap" cost
Risk Notification:
Risk declaration for margin trading.
As with the potential to make a profit from margin trading, there is also the risk of incurring losses. Therefore, it is essential to fully understand the risks you may encounter before starting trading and make decisions with these risks in mind. For this purpose, the "Margin Trading Risk Disclosure Statement" must be read and signed by all individuals wishing to engage in margin trading. In the Republic of Azerbaijan, margin trading can only be conducted by investment companies licensed in accordance with the "Securities Market Law" of the Republic of Azerbaijan. The list of licensed investment companies is available on the official website of the Central Bank of the Republic of Azerbaijan (www.cbar.az).
1. Real accounts opened by the investment company and all margin transactions conducted with these accounts are regulated in accordance with the "Securities Market Law" of the Republic of Azerbaijan, the regulatory acts established by the Chamber, and other legal documents.
2. Margin trading is a risky activity. Due to the effect of the credit limit, transactions conducted with low margin can be favorable or unfavorable in the market, and therefore, while a high credit limit can generate income for you, it can also lead to losses. There is a risk of losing the funds invested in the investment company as a result of opposing price movements in the market.
3. When trading with real accounts, analyses based on information obtained from various sources may not always lead to the expected results.
4. The prices and spreads provided to you in trading transactions may not always reflect the best price difference. For this purpose, it is advisable to compare them with the prices offered by other investment companies.
5. Before starting trading operations, request information from the investment company regarding the service fees to be applied to the transactions (commission, swap, and spread additions) and the contract for difference rollover. If these costs are not clearly specified, you have the right to request precise, unambiguous, and written information from the investment company.
6. You can request detailed information from the investment company regarding price slippage caused by sudden price changes in the markets during margin trading, as well as price gaps and the risks they may lead to. These types of risks are among the most common risks faced by clients and can lead to significant losses.
7. Obtain information on how the margin call will be made (via the platform, email, or phone). Verify whether the information provided to you is specified in the contract.
This document is intended to inform you about the general risks you may encounter when starting margin trading operations. This document does not cover all the risks arising from margin trading. Therefore, before directing your investment towards these types of transactions, it is recommended that you thoroughly analyze this area and carefully read the contract to be signed with the investment company.
Terms regarding the storage and use of the received information:
The investment company keeps a daily record of all margin trading transactions conducted by clients and archives the information by signing it with electronic signature no later than 1:00 PM on the next business day.
The investment company stores the clients' contract-related information and other data stipulated by legislation on both electronic and physical storage devices.
The minimum and maximum lot size that allows for the execution of transactions:
We would like to inform you of the minimum and maximum trade lot sizes for the instruments available on the "UForex Trading Station" terminal:
| Symbols | Min lot | Max lot | Symbols | Min lot | Max lot | Symbols | Min lot | Max lot | ||
| EURUSD | 0,01 | 200 | USDTRY | 0,01 | 50 | GBPDKK | 0,01 | 50 | ||
| USDJPY | 0,01 | 100 | EURTRY | 0,01 | 50 | GBPHUF | 0,01 | 50 | ||
| AUDUSD | 0,01 | 100 | GBPTRY | 0,01 | 50 | GBPPLN | 0,01 | 50 | ||
| GBPUSD | 0,01 | 100 | TRYJPY | 0,01 | 50 | GBPNOK | 0,01 | 50 | ||
| USDCHF | 0,01 | 100 | GBPNZD | 0,01 | 50 | GBPSEK | 0,01 | 50 | ||
| USDCAD | 0,01 | 100 | EURDKK | 0,01 | 50 | NZDSEK | 0,01 | 50 | ||
| EURGBP | 0,01 | 50 | EURSGD | 0,01 | 50 | NZDDKK | 0,01 | 50 | ||
| EURCHF | 0,01 | 50 | NZDSGD | 0,01 | 50 | EURZAR | 0,01 | 50 | ||
| EURJPY | 0,01 | 50 | CADSGD | 0,01 | 50 | USDZAR | 0,01 | 50 | ||
| CADJPY | 0,01 | 50 | GBPSGD | 0,01 | 50 | USDRUB | 0,01 | 50 | ||
| CHFJPY | 0,01 | 50 | CHFSGD | 0,01 | 50 | XAUUSD | 0,01 | 100 | ||
| AUDJPY | 0,01 | 50 | USDSGD | 0,01 | 50 | XAUEUR | 0,01 | 100 | ||
| AUDCHF | 0,01 | 50 | USDHKD | 0,01 | 50 | XAUGBP | 0,01 | 100 | ||
| GBPCHF | 0,01 | 50 | USDDKK | 0,01 | 50 | XAUCHF | 0,01 | 100 | ||
| GBPAUD | 0,01 | 50 | SGDJPY | 0,01 | 50 | XAUAUD | 0,01 | 100 | ||
| GBPCAD | 0,01 | 50 | SEKJPY | 0,01 | 50 | XAGUSD | 0,01 | 50 | ||
| AUDCAD | 0,01 | 50 | NOKJPY | 0,01 | 50 | XAGEUR | 0,01 | 50 | ||
| NZDCAD | 0,01 | 50 | NOKSEK | 0,01 | 50 | XAGGBP | 0,01 | 50 | ||
| NZDUSD | 0,01 | 50 | EURHKD | 0,01 | 50 | XAGCHF | 0,01 | 50 | ||
| NZDJPY | 0,01 | 50 | EURNOK | 0,01 | 50 | XAGAUD | 0,01 | 50 | ||
| EURAUD | 0,01 | 50 | EURSEK | 0,01 | 50 | DJ 30 | 0,1 | 10 | ||
| EURCAD | 0,01 | 50 | EURCZK | 0,01 | 50 | S&P 500 | 0,1 | 10 | ||
| GBPJPY | 0,01 | 50 | EURHUF | 0,01 | 50 | NAS 100 | 0,1 | 10 | ||
| CADCHF | 0,01 | 50 | EURPLN | 0,01 | 50 | US Oil | 0,1 | 10 | ||
| NZDCHF | 0,01 | 50 | CHFNOK | 0,01 | 50 | US N. Gas | 0,1 | 10 | ||
| EURNZD | 0,01 | 50 | CHFPLN | 0,01 | 50 | US Heating Oil | 0,1 | 10 | ||
| AUDNZD | 0,01 | 50 | USDNOK | 0,01 | 50 | NL | 0,1 | 10 | ||
| USDCZK | 0,01 | 50 | FR 40 | 0,1 | 10 | |||||
| USDPLN | 0,01 | 50 | ITA 40 | 0,1 | 10 | |||||
| USDHUF | 0,01 | 50 | ES | 0,1 | 10 | |||||
| USDSEK | 0,01 | 50 | DE 30 | 0,1 | 10 | |||||
| USDMXN | 0,01 | 50 | GB 100 | 0,1 | 10 | |||||
| SGDHKD | 0,01 | 50 | CH | 0,1 | 10 | |||||
| HKDJPY | 0,01 | 50 | NIK225 | 0,1 | 10 | |||||
| XPTUSD | 0,01 | 100 | ||||||||
| XPDUSD | 0,01 | 100 | ||||||||
| USDILS | 0,01 | 50 |