Trading Rules

A clear and thorough explanation of our trading rules will help your trading become more proficient in the future.
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Instruments Trading Rules Account Overview Funding
Rules Margin Policy Trading hours Swaps
Leverage

NOVOX provides a maximum leverage up to 400:1. Through this, clients can start their CFD trading with a minimal deposit.

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Swaps

We offer long and short swaps for all currency pairs and precious metals. A swap charge is determined by the difference in the interest rates between the two currencies and whether the position is a long position or a short position.

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Trading hours

The trading markets opens 24 hours a day and 5 days a week. More detailed product trading hours can be viewed in the product specifications on NOVOX MT4 Terminal.

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Minimum distance between pending orders

Standard accounts and Xero accounts are 30 basis points away from the current price. The limit order (including the pending order and the stop profit stop loss order) is triggered after the quotation reaches or exceeds the set price. The first market tick quotations can then be concluded, however the transaction price many not be the price set by the trader. Due to market price volatility and composite trading mechanism, the final transaction price may benefit or constraint the set stop profit and stop loss price.

Stop out level

When the margin level is < 150%, the system will issue a red warning, which will remind you to fund your account immediately; when the margin level is < 100%, the position with the largest loss will be automatically closed.

Hedging transactions

Please note: the lock position doesn’t mean the profit and loss is secured. Stop out could occur even though the client has already fully hedged all positions, due to widening spreads and increasing swaps.

Expert Advisor Trading

NOVOX supports Expert Advisors with all possible trading strategies. With sufficient programming skills, you can develop your own Expert Advisor based trading strategy by using the MQL4 Code on NOVOX MT4.