Dear valued clients,
Please be advised that we have received numerous inquiry from clients in regards to the newly established broker – Fintech, which the company is in relations with Odin Management. This announcement is to announce that Odin Management has no business corporation with Fintech and therefore Odin Management will not be responsible for any matters in regards to Fintech.
If you have any queries or request, please do not hesitate to contact us, we are most happy to assist.
Odin Management Customer Support Team
Our clients can gain access to the major indices as well as major commodity and energy futures through CFDs offered by Odin Forex.
Odin Forex provides prices on its CFDs that closely track the real prices of the futures contracts traded on the exchanges, and prices are quoted in the underlying currency of the future contract.Odin Forex charges a fraction of the commission charged by the underlying exchange and requires a smaller deposited margin than that of the exchange.
Trading times for all futures CFDs are exactly the same as the trading times of the underlying exchange on which futures contracts are traded.
Order sizes depend on the individual underlying futures contract, details of which are provided below and start at 0.1 lots on each futures contract.
If a trade is kept open overnight, then there is a swap/rollover cost/income calculated on that position. The cost or income is calculated as the overnight interest rate differential between the two currencies plus the commission charged by the company on which the position is held, depending on the type of the position (long/short).
The 'swap' is charged automatically on the account of the client and is converted into the currency that the account is denominated in. The 'swap' is charged at 21:59 server time. From Friday to Monday swap is charged once. From Wednesday to Thursday swap is charged at triple rate.
Please note that there is a floating spread for trading in CFDs on futures which is not listed.
|Ticker||Description||1 lot size||Used margin per 1 lot ***||Swap value in margin currency *||Limit and Stop Level **||Commission in USD per 1 lot||Contracts listing and trading time|
|#EX||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#EP||750 EUR||-0.764||-0.153||1.00||15.00||Page 2|
|#ENQ||750 EUR||-0.556||-0.111||1.00||15.00||Page 3|
|#YM||750 EUR||-1.250||0.750||spread||15.00||Page 4|
|#CL||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#NG||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#W||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#C||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#S||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#FCE||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#FDX||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#FFI||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#NKD||750 EUR||-1.250||0.750||spread||15.00||Page 1|
|#FSMI||750 EUR||-1.250||0.750||spread||15.00||Page 1|
* Swap or Rollover is the interest added or deducted.
** Minimum level for placing SL and TP as well as Stop and Limit Orders from a current market price.
*** Margin applies for volumes more than 50 lots.