Frequently Asked Questions
Trading
What is a CFD?
Contracts for Differences (“CFDs”) products were developed to allow customers to enjoy all the benefits of holding position without having to physically own the underlying instrument. A customer enters into a CFD at a quoted price, the difference between that price and the price of the CFD when the position is closed is settled in cash, hence the term “Contract for Difference” or CFD.
What is a Spread?
“Spread” is defined as the difference between the “Buy” price and the “Sell” price on an instrument at a particular time.
What spreads do you offer?
Floating spread. The spread change will depending on time, general market fluctuations and volatility. However, in case of low liquidity and high volatility the spread may temporarily be changed dramatic.
What is Rollover in Forex?
A Forex rollover/swap is defined as the overnight interest added or deducted for holding a position open overnight.
What is Leverage?
Leverage is the use of a small initial capital to control a much larger position. By applying leverage, for example, if your account has a leverage of 100:1, that means you can trade a position of $100,000 with only $1,000.
What is margin?
Margin is equity (deposit) from your account set aside by FT Worldwide to maintain positions when you’re trading on leverage. Margin is not a fee or a transaction cost, it is a portion of your account equity set aside and allocated as a margin deposit.
Fees & Charges
How much do you charge for deposit and withdrawals?
We will not charge fees on deposit and withdrawal.
Are there any hidden fees?
There are no hidden fees at FT Worldwide. FT Worldwide is mainly compensated for its services through the spread.
Does FT Worldwide charge any trading fees?
FT Worldwide is mainly compensated for its services through the “market spread”. For example, when trading EUR/USD, if the buy rate is 1.11078 then the sell rate would be 1.11072 respectively (which means a market spread of 0.6 pips, in this example). Unlike other service providers who also charge commissions on each trade, FT Worldwide does not charge commissions.
However, the following additional fees may be applied:
Overnight Funding – The overnight funding amount is either added to or subtracted from your account when holding a position after a certain time (the “Overnight Funding Time”).
The overnight funding time and the daily overnight funding percentage can be found in the “Details” link next to the instrument’s name on the main screen of the platform.
Does FT Worldwide charge an overnight fee?
The overnight funding amount is either added to or subtracted from your account whenever a position is left open after a certain cut-off time (the “Overnight Funding Time”).