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Turbo Stocks CFDs — Spreads / Conditions
| Symbol with Description | MT5 Symbol | Spread as low as (quote currency) | Min/Max Trade Size | Min Margin Percentage | Limit and Stop Levels* | |
|---|---|---|---|---|---|---|
| Apple_turbo (AAPL.OQ) | Apple_turbo | 0.27 | 0.04/27 | 0.5% | 0 | Read More |
| Microsoft_turbo (MSFT.OQ) | Microsoft_turbo | 0.58 | 0.02/12 | 0.5% | 0 | Read More |
| Amazon_turbo (AMZN.OQ) | Amazon_turbo | 0.24 | 0.04/30 | 0.5% | 0 | Read More |
| Google_turbo (GOOG.OQ) | Google_turbo | 0.21 | 0.05/34 | 0.5% | 0 | Read More |
| Facebook_turbo (FB.OQ) | Facebook_turbo | 0.69 | 0.02/11 | 0.5% | 0 | Read More |
| Adidas_turbo (ADSGn.DE) | Adidas_turbo | 0.27 | 0.06/27 | 0.5% | 0 | Read More |
| BP_turbo (BP.L) | BP_turbo | 0.0066 | 0.14/84 | 0.5% | 0 | Read More |
| Symbol | Description | MT4 / MT5 Server Time | Weekday | Monday Open | Friday Close |
|---|---|---|---|---|---|
| Apple_turbo | Apple | GMT +3 | 16:40 - 22:55 | 16:40 | 22:55 |
| Microsoft_turbo | Microsoft | GMT +3 | 16:40 - 22:55 | 16:40 | 22:55 |
| Amazon_turbo | Amazon | GMT +3 | 16:40 - 22:55 | 16:40 | 22:55 |
| Google_turbo | GMT +3 | 16:40 - 22:55 | 16:40 | 22:55 | |
| Facebook_turbo | GMT +3 | 16:40 - 22:55 | 16:40 | 22:55 | |
| Adidas_turbo | Adidas | GMT +3 | 10:10 - 14:00,14:03 - 18:25 | 10:10 | 18:25 |
| BP_turbo | BP | GMT +3 | 10:10 - 14:00,14:03 - 18:25 | 10:10 | 18:25 |
* Min. level for placing pending orders at the current market price.
Margin requirements may be subject to change before earnings announcements and/or any corporate action.
The margin is always 50% when you hedge positions on CFDs and if your margin level is over 100%.
Turbo stocks have daily expiration, meaning that all positions will be closed automatically at the end of the trading day.
CFD stocks are not physical shares and are not subject to any voting rights.
When a corporate action occurs, a price adjustment may be applied to eliminate the impact on clients' trading accounts.
Calendar dates are indicative and are subject to change.
What are Turbo Stocks?
Turbo Stocks are CFD products that have specific stocks as underlying and 200:1 leverage. The trading of Turbo Stocks begins at the start of the trading day of the underlying and ends at the end of the same day. This process then resumes the next day.
What is the margin requirement for Turbo Stocks?
Margin Requirement for Turbo Stock CFDs = [Lots*contract size* open price] / [Lowest of (Account Leverage, Symbol Leverage)]
As the formula above indicates, the leverage of the position is the lowest between your Account Leverage and the specific Symbol Leverage of what you’re trading.
Example 1: Client trades 10 lots of Turbo Amazon CFD at a 100 USD opening price, with USD account base currency, and account leverage of 100:1. At the same time, symbol leverage for Turbo Amazon CFD is 200.
Required margin for Turbo Amazon CFD position (Example 1) = (10*10*100) / 100 = $100
Example 2: Client trades 15 lots of Turbo Amazon CFD at a 100 USD opening price, with USD account base currency, and account leverage of 500:1. At the same time, symbol leverage for Turbo Amazon CFD is 200.
Required margin for Turbo Amazon CFD position (Example 2) = (15*10*100) / 200 = $75
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When can I trade Turbo Stocks?
You will be able to open and close positions at any time during the trading day (i.e. open a long Amazon position on the first tick of trading day and close the position 10 minutes later).
What are the applicable fees?
The only fee for this product is the spread. No swaps or commissions will be charged.
When will my position close and at which price?
Any open positions will be closed automatically at the end of the trading session, at the last price available to trade.
What is the maximum leverage for Turbo Stocks?
You can trade Turbo Stocks with maximum leverage of 200:1.
Will I be eligible to receive dividends?
Since positions will be closed daily, you will not be eligible to receive dividends when trading Turbo Stocks.
On what platforms can I trade Turbo Stocks?
Turbo stocks are only available on the MT5 platform.
Which account types is this product available under?
You can only trade Turbo Stocks under our Standard account type.
How is the margin rate being calculated?
Margin rate calculation will be based on the lowest between your account and the instrument traded.
