Online Contracts and Rates

US residents
Please note that due to regulatory restrictions only Forex spot, Forex OTC options, PacificTrader Managed FX funds, spot gold and silver can currently be offered to US residents.

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 in 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.

Expiry of Futures Contracts
Please note that PacificTrader 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, PacificTrader 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.  Expiry dates are noted in the details for the futures contracts below.

If you require any assistance or clarification regarding the expiry of futures contracts, please contact PacificTrader.

Commissions:
In order to discuss Futures commissions, please call 020 7769 7788. Typically, execution only commissions for Futures trading are set at £5 per future or the equivalent of £5 in the foreign currency of any non-GBP denominated contracts. If you are likely to trade high volumes, it may be worthwhile calling 020 7769 7788 to discuss your commission rates and in some cases may be required to provide evidence of existing traded volumes and estimate likely traded volumes on your PacificTrader account.