Online Futures Trading Conditions

Commissions for online traded contracts

Commissions are for each contract and for each trade (buy or sell) through CBS trading Platforms and exclude exchange fees which are listed under the contract specifications. For more information visit Trading Rates.

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.

Initial Margin

The initial margins listed below are the collateral per contract that you must have in your account to open a position.

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.

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.

Special conditions for SFE Futures Contracts

Orders Market

Market Orders are NOT accepted on all contracts. Please use limit orders to hit the bid/offer.

Limit Orders

A BUY Limit Order cannot be higher than the current offer and a SELL Limit Order cannot be lower than the current bid. If the market is moving at or around the time at which the order is placed, this order may be rejected by the exchange. Please repeat the process of placing the order again.

Stop Limit Orders

Stop Orders without Limits are not accepted on the platform.

The limit price specified within a Stop Limit Order cannot be more than three ticks from the trigger price.

In case of an order that was placed where the limit price is greater than 3 ticks from the trigger price, the order will appear as being accepted by the platform. However, please note that upon the trigger price being touched/breached, the order will NOT be executed. In such cases, the order will be removed from the system afterwards.

Expiry of Futures Contracts

Please note that Commodity Broking Services 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, Commodity Broking Services will 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 Commodity Broking Services.

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%.

US Residents

Please note that due to regulatory restrictions only Forex Spot, Forex OTC Options,  Managed FX Funds, Spot Gold and Silver can currently be offered to US residents.