Announcement
IMPORTANT NOTICE – CHANGES FOR STP & ECN ACCOUNTS
Dear Valued Client,
ZFX (the “company”) hereby announces that, effective from 11th July 2020, the company has decided to streamline the Universal Naming Convention (UNC) on all of our symbols accordingly. The UNC of the following trading instruments will be revised, giving our clients a more professional user experience.
STP Account
FX
Old | New |
AUDCADpro | AUDCAD |
AUDCHFpro | AUDCHF |
AUDJPYpro | AUDJPY |
AUDNZDpro | AUDNZD |
AUDUSDpro | AUDUSD |
CADCHFpro | CADCHF |
CADJPYpro | CADJPY |
CHFJPYpro | CHFJPY |
EURAUDpro | EURAUD |
EURCADpro | EURCAD |
EURCHFpro | EURCHF |
EURGBPpro | EURGBP |
EURJPYpro | EURJPY |
EURNZDpro | EURNZD |
EURTRYpro | EURTRY |
EURUSDpro | EURUSD |
GBPAUDpro | GBPAUD |
GBPCADpro | GBPCAD |
GBPCHFpro | GBPCHF |
GBPJPYpro | GBPJPY |
GBPNZDpro | GBPNZD |
GBPUSDpro | GBPUSD |
NZDCADpro | NZDCAD |
NZDCHFpro | NZDCHF |
NZDJPYpro | NZDJPY |
NZDUSDpro | NZDUSD |
USDCADpro | USDCAD |
USDCHFpro | USDCHF |
USDCNHpro | USDCNH |
USDJPYpro | USDJPY |
USDNOKpro | USDNOK |
USDSGDpro | USDSGD |
USDTRYpro | USDTRY |
Precious Metal
Old | New |
GOLD | XAUUSD |
SILVER | XAGUSD |
Commodities CFDs
Old | New |
CU | COPPER |
ECN Account
Commodities CFDs
Old | New |
CU | COPPER |
Energies CFDs
Old | New |
UKOILe | UKOIL |
USOILe | USOIL |
Contract Size Adjustment for US30
The contract size of USD30 will be adjusted from 1 to 10 per lot basis, effective from 11th July 2020. Clients should be aware of the relevant adjustment prior to any transaction.
Old contract size (Standard lot) | New contract size (Standard lot) |
1 | 10 |
Example:
Trading US30 1 lot at the price of 25,000
Change of margin requirement
Before 11th July | After 11th July |
1 lot US30
= (25,000 X 1 / 200 leverage) = $125 USD (Contract Size = 1) |
1 lot US30
= (25,000 X10 / 200 leverage) = $1,250 USD (Contract Size = 10) |
Contract size : 1
Required margin : $125 USD |
Contract size increases to : 10
Required margin increases to : $,1250 USD |
If your current US30 order is between 0.01 lot to 0.09 lot, the symbol of US30 will be changed to US30t and will be in the “close only” mode.
If your current US30 order is more than 0.09 lot, the symbol will remain unchanged. However, the number of the lot size on your order will be divided by 10, starting from 11th July, e.g. updated from 1 lot to 0.1 lot for US30.
Example:
Before 11th July | After 11th July |
1 Lot | 0.1 Lot |
If a client is using EA, please make sure modifications are made accordingly.
Commission Fees
The commission fees of ZFX ECN accounts will be adjusted effective from 11th July 2020. Clients should be aware of the relevant adjustments prior to any transaction.
Product | Old Commission Fees | New Commission Fees |
Forex | $7 | $7 |
Precious Metal | $7 | $7 |
Indices | No Commission Fees | No Commission Fees |
Commodities | – | No Commission Fees |
Energy | $7 | No Commission Fees |
Cryptocurrencies | – | No Commission Fees |
Shares | – | No Commission Fees |