Contract specifications are a set of conditions that define the terms of trade for each trading instrument. FBS provides information on the minimum and typical spread, long and short swap, and the Stop Level of each trading instrument available for trading.
Please, kindly note that contract specifications may differ depending on the account type. Therefore, you need to select the desired type to view the specifications that apply to the particular account.
For example, on a Сent account, the AUDCAD currency pair has a Minimal Spread of 1, a Typical Spread of 5, a Swap Long of -3.99 (swap may be either positive or negative), a Swap Short of -4.21, and a Stop Level of 0.1.
What do these terms mean?
Minimal spread — the minimal difference in Ask and Bid quotes expressed in points.
Typical Spread — an average difference in Ask and Bid quotes expressed in points.
Swap long — an overnight or rollover interest for holding buying positions overnight.
Swap short — an overnight or rollover interest for holding selling positions overnight.
Stop Level — the minimum parameter where traders can set pending orders (i.o. “Take Profit”, “Stop Loss”), expressed in points.
The value in the table is given for 4-digit quotes. In 5-digit quotes, the fourth digit after a comma is indicated (0.0001). In 3-digit quotes - the second digit after a comma (0.01). For example, in EURUSD quote - 1.36125; in USDJPY quote - 101.852;
In case you want to know how much you need to open a specific order, please use the trader's calculator.