/ Rates Table

/ Starting Examples

/ How are forex pairs quoted?

/ What is bid price and ask price?

/ What is a contract?

/ What is a pip?

/ What is in the account summary?

/ How do I calculate prots and losses?

/ What is a leverage and margin?

/ What are swap fees?

Table of Contents02030404050707091117

1

2Instrument Name Min Contracts Max Contracts LeverageValue per Contract

FX Majors

FX Minors

EURHUFEURNOKEURPLNEURSEKUSDHUFUSDILSUSDMXNUSDNOKUSDPLNUSDRONUSDSEKUSDZAR

AUDCADAUDCHFAUDJPYAUDNZDCADCHFCADJPYCHFJPYEURAUDEURCADEURDKKEURNZDEURTRYGBPAUDGBPCADGBPCHFGBPNZDNZDCADNZDCHFNZDJPYUSDCNHUSDCZKUSDDKKUSDHKDUSDRUBUSDSGDUSDTRY

EURUSDGBPUSDUSDJPYAUDUSDEURCHFEURGBPEURJPYGBPJPYNZDUSDUSDCADUSDCHF

Euro vs Hungarian FlorintEuro vs Norweigen KroneEuro vs Polish ZlottyEuro vs Swedish KroneUS Dollar vs Hungarian FlorintUS Dollar vs Israeli ShekelUS Dollar vs Mexican PesoUS Dollar vs Norweigen KroneUS Dollar vs Polish ZlotyUS Dollar vs Romanian RONUS Dollar vs Swedish KroneUS Dollar vs South African Rand

XAGUSDXAUUSD

Silver vs US DollarGold vs US Dollar

CLNGAS

Light Sweet Crude Oil vs US DollarNatural Gas vs US Dollar

CORNWHEAT

Corn vs US DollarWheat vs US Dollar

DOWNSDQSP

Dow Jones 30 vs US DollarNASDAQ100 vs US DollarS&P vs US Dollar

DAXCACFTSE

DAX30 vs EuroCAC40 vs EuroFTSE100 vs Great Britain Pound

Australian Dollar vs Canadian DollarAustralian Dollar vs Swiss FrancAustralian Dollar vs Japanese YenAustralian Dollar vs New Zealand DollarCanadian Dollar vs Swiss FrancCanadian Dollar vs Japanese YenSwiss Frank vs Japanese YenEuro vs Australian DollarEuro vs Canadian DollarEuro vs Danish KroneEuro vs New Zealand DollarEuro vs Turkish LiraGreat Britain Pound vs Australian DollarGreat Britain Pound vs Canadian DollarGreat Britain Pound vs Swiss FrancGreat Britan Pound vs New Zealand DollarNew Zealand Dollar vs Canadian DollarNew Zealand Dollar vs Swiss FrancNew Zealand Dollar vs Japanese YenUS Dollar vs Chinese Yuan Offshore in Hong KongUS Dollar vs Czech KorunaUS Dollar vs Danish KroneUS Dollar vs Hong Kong DollarUS Dollar vs Russian RubleUS Dollar vs Singaporean DollarUS Dollar vs Turkish Lira

Euro vs US DollarGreat Britain Pound vs US DollarUS Dollar vs Japanese YenAustralian Dollar vs US DollarEuro vs Swiss FrancEuro vs Great Britain Pound Euro vs Japanese YenGreat Britain Pound vs Japanese YenNew Zealand Dollar vs US Dollar US Dollar vs Canadian DollarUS Dollar vs Swiss Franc

EUR 100,000 GBP 100,000 USD 100,000 AUD 100,000 EUR 100,000 EUR 100,000 EUR 100,000 GBP 100,000 NZD 100,000 USD 100,000 USD 100,000

AUD 100,000 AUD 100,000 AUD 100,000 AUD 100,000 CAD 100,000 CAD 100,000 CHF 100,000 EUR 100,000 EUR 100,000 EUR 100,000 EUR 100,000 EUR 100,000 GBP 100,000 GBP 100,000 GBP 100,000 GBP 100,000 NZD 100,000 NZD 100,000 NZD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000

EUR 100,000 EUR 100,000 EUR 100,000 EUR 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000 USD 100,000

1,000 ounces 100 ounces

1,000 Barrels 10,000 mmBtu

50 Bushels 50 Bushels

USD 5 x price of index USD 20 x price of index USD 50 x price of index

EUR 25 x price of index EUR 10 x price of index GBP 10 x price of index

Value per Pip per Contract

USD 10 USD 10 JPY 1,000 USD 10 CHF 10 GBP 10 JPY 1,000

JPY 1,000 USD 10 CAD 10 CHF 10

CAD 10 CHF 10 JPY 1,000 NZD 10 CHF 10 JPY 1,000 JPY 1,000 AUD 10 CAD 10 DKK 10 NZD 10 TRY 10 AUD 10 CAD 10 CHF 10 NZD 10 CAD 10 CHF 10 JPY 1,000 CNH 10 CZK 10 DKK 10 HKD 10 RUB 10 SGD 10TRY 10

HUF 100 NOK 10 PLN 10 SEK 10 HUF 100 ILS 10 MXN 10 NOK 10 PLN 10 RON 10 SEK 10 ZAR 10

USD 10 USD 10

USD 10USD 10

USD 12.5USD 12.5

USD 2.5USD 5

USD 12.5

EUR 12.5 EUR 5 GBP 5

0.010.010.010.010.010.010.010.010.010.010.01

0.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.01

0.010.010.010.010.010.010.010.010.010.010.010.01

0.10.1

0.10.1

0.20.2

0.20.20.2

0.20.20.2

5050501010101010101010

10101010101010101010

5101010101010101010

51010

51010

10101010

510

510

55

105

1010

2020

2020

202020

202020

Swaps per Contract

Long Short

(USD 3.10)(USD 1.92)

(JPY 138.00)USD 2.88

(CHF 9.00)(GBP 3.24)

(JPY 210.00)(JPY 102.00)

USD 3.68(CAD 6.24)(CHF 1.68)

CAD 2.64CHF 2.72

JPY 428.00(NZD 7.80)(CHF 0.01)JPY 0.00

(JPY 318.00)(AUD 16.44)

(CAD 7.92)(DKK 27.24)(NZD 31.32)

(TRY 115.32)(AUD 19.80)

(CAD 7.56)(CHF 1.92)

(NZD 26.64)CAD 4.24CHF 2.08

JPY 376.00 (CNH 96.00)(CZK 43.44)(DKK12.84)

(HKD 25.80)(RUB 160.18)

(SGD 8.76)(TRY 84.84)

(HUF 563.40)(NOK 62.16)(PLN 50.76)(SEK 10.80)

(HUF 382.80)(ILS 11.40)

(MXN 177.00)(NOK 47.04)(PLN 45.00)(RON 64.08)(SEK 15.96)

(ZAR 257.16)

(USD 2.44)(USD 2.45)

(USD 0.79)(USD 1.01)

(USD 1.48)(USD 1.63)

(USD 8.30)(USD 7.00)(USD 8.89)

(EUR 24.89)(EUR 4.89)(GBP 7.75)

(USD 3.60)(USD 5.28)

(JPY 222.00)(USD 10.92)

(CHF 1.92)(GBP 1.56)

(JPY 330.00)(JPY 618.00)(USD 13.32)

CAD 0.16(CHF 2.88)

(CAD 8.76)(CHF 10.08)

(JPY 1,182.00)NZD 0.72

(CHF 6.60)(JPY 660.00)(JPY 342.00)

AUD 5.36CAD 1.28

(DKK 32.88)NZD 12.08TRY 36.88AUD 4.40CAD 0.00

(CHF 6.48)NZD 10.40

(CAD 12.96)(CHF 13.92)

(JPY 1,404.00)(CNH 2.88)

(CZK 76.56)(DKK 17.16)(HKD 10.32)

RUB 8.68(SGD 3.36)TRY 36.56

(HUF 156.60)(NOK14.16)

PLN 9.84(SEK 21.60)(HUF 85.20)(ILS 11.40)MXN 21.84

NOK 5.76PLN 2.00

(RON 14.04)(SEK 14.16)ZAR 95.44

(USD 0.63)(USD 1.96)

(USD 0.23)(USD 0.54)

(USD 0.81)(USD 0.89)

(USD 7.07)(USD 5.97)(USD 7.58)

(EUR 15.83)(EUR 3.11)(GBP 5.71)

100:1100:1100:1100:1

20:1100:1100:1100:1100:1100:1

20:1

100:120:1

100:1100:1

20:1100:1

20:1100:1100:1100:1100:1100:1100:1100:1

20:1100:1100:1

20:1100:1100:1100:1100:1100:1100:1100:1100:1

100:1100:1100:1100:1100:1100:1100:1100:1100:1100:1100:1100:1

25:125:1

25:125:1

25:125:1

25:125:125:1

25:125:125:1

FX Exotics

Metals

CFD Commodities

CFD Energy

CFD US Indices

CFD EU Indices

StartingExamples

EURUSD USDJPY XAUUSD

1 contract of EURUSD equals EUR 100,000

You can sell EURUSD at 1.28168, sell EUR 1 for USD 1.28168

You can buy EURUSD at 1.28180, buy EUR 1 with USD 1.28180

EUR is the base currencyUSD is the quote currency

The minimum tradable size is 0.01 contract; EUR 1,000

The maximum tradable size is 50 contracts; EUR 5,000,000

The spread of this quote is 1.2 pip

If you buy 1.50 contracts of EURUSD @ 1.28180 now, and EURUSD rises to 1.28500/1.28512 through a period time, you would make a profit of USD 480

Prior to the rise, you bought EUR 150,000 (1.50 contracts x EUR 100,000 per contract) with USD192,270 (1.50 contracts x EUR 100,000 per contract x USD 1.28180 per EUR)

After the rise, you sold EUR 150,000 (1.50 contracts x EUR 100,000 per contract) for USD 192,750 (1.50 contracts x EUR 100,000 per contract x USD 1.28500 per EUR)

EURUSD @ 1.28168 / 1.28180:

1 contract of USDJPY equals USD 100,000

You can sell USDJPY at 106.099, sell 1 USD for 106.099 JPY

You can buy USDJPY at 106.114; buy 1 USD with JPY 106.114 JPY

USD is the base currencyJPY is the quote currency

The minimum tradable size is 0.01 contract; USD 1,000

The maximum tradable size is 50 contracts; USD 5,000,000

The spread of this quote is 1.5 pip

If you sell 1.50 contracts of USDJPY @ 106.099 now, and USDJPY falls to 105.702/105.717 through a period time, you would make a profit of JPY 57,300 (USD 542)

Prior to the fall, you sold USD150,000 (1.50 contracts x USD 100,000 per contract) for JPY15,914,850 (1.50 contracts x USD 100,000 per contract x JPY 106.099 per USD)

After the fall, bought USD150,000 (1.50 contracts x USD 100,000 per contract) with JPY15,857,550 (1.50 contracts x USD 100,000 per contract x JPY 105.717 per JPY)

USDJPY @ 106.099 / 106.114:

1 contract of XAUUSD equals 100 ounces of gold.

You can sell XAUUSD at 1228.93; sell 1 ounce of gold for 1228.93 USDYou can buy XAUUSD at 1229.38, buy 1 ounce of gold with 1229.38 USD

XAU (1 ounce of gold) is the base currencyUSD is the quote currency

The minimum tradable size is 0.1 contract; 10 ounces.

The maximum tradable size is 10 contracts; 1,000 ounces.

The spread of this quote is 45 pips

If you buy 2.00 contracts of XAUUSD @ 1229.38 now, and XAUUSD rises to 1240.10/1240.55 through a period time, you would make a profit of USD 2,234.

Prior to the rise, you bought XAU 200 ounces (2.00 contracts x XAU 100 ounces per contract) with USD245,786 (2.00 contracts x XAU 100 ounces per contract x USD 1229.38 per XAU ounce)

After the rise, you sold XAU 200 ounces (2.00 contracts x XAU 100 ounces per contract) for USD 248,020 (2.00 contracts x XAU 100 ounces per contract x USD 1240.10 per XAU ounce)

XAUUSD @ 1228.93 / 1229.38:

How are forex pairs quoted?A forex quote consists of a pair of currencies. The first currency in the pair is the base currency and the second is the quote currency.

EUR is the base currency

USD is the quote currency

What is bid price and ask price?There are two parts to a forex quote, a bid price and an ask price. Bid price is the best and highest price at which you can sell the currency pair. Ask price is the best and lowest price at which you can buy the currency pair.

You can sell EURUSD at bid price of 1.28168; sell EUR 1 for USD 1.28168.

EURUSD @ 1.28168 / 1.28180:

You can buy EURUSD at ask price of 1.28180; buy EUR 1 with USD 1.28180.

What is a contract?A contract is the quantity of currency being bought or sold. One contract, also known as one standard lot, is equivalent to 100,000 of the base curren-cy which is the first currency in a pair.

The following are different order tickets showing the number of contracts that you have selected to trade on our Web Trader. In this case, we are putting in a buy order of 0.8 lot of EURUSD worth EUR 80,000.

One-click trading:

Standard order ticket:

6This is a position statement showing the number of contracts that are in our position. In this case, we have bought 0.25 lot of EURUSD worth EUR 25,000 and sold 0.25 lot of USDJPY worth USD 25,000.

What is in the account summary?

What is a pip?A percentage in point, pip, is a standardized unit used to measure the change in price in any forex, commodity and index pair. It is the smallest price change a pair can make, which is the 4th decimal place for most pairs, but the 2nd deci-mal place for JPY yen pairs.

7

Web Trader

Desktop Trader

Balance The amount of cash in your account. Your balance changes when you realize a profit or loss on your positions, earn or pay swaps, or deposit or withdraw funds.

Open P&L The current total unrealized profit or loss for your open trades. If you were to close all of your open trades at this exact point in time, this amount would be realized and added to your balance.

Open P&L includes SWAPS earned or paid on your trades as well as Commission for traded CFD contracts.

Equity Balance + Open P&L. The current net asset value of your account. An overview of your account performance based on deposits, realized and unrealized profits and losses.

Margin (Margin Used)

The amount of your balance and open P&L that is reserved for margin. This amount is equal to the sum of each positions value multiplied by each positions leverage ratio.

Free Margin The amount of your balance and open P&L available as margin for new trading transactions.

Margin Level Equity divided by the Free Margin. You must maintain a sufficient Margin Level to support your open positions. We will close out all your open positions immediately if the Margin Level drops below 100%.

[current closing price previous entry price] * [quote currency / base currency @ closing time] * contracts

You bought EUR 100,000 with USD 126,572 at EUR/USD 1.26572. EUR/USD rose to 1.26955 and you decide to closed the position at a gain. You close by selling EUR 100,000 for USD 126,955 at EUR/USD 1.26955. You have made USD 383 (126,955 126,572).

How do I calculate profits and losses?

Example 1

Pair: EUR/USDBase currency: EURQuote currency: USD

Direction: bought pair

Units: 1 contract; EUR100,000Previous entry price: 1.26572Current closing price: 1.26955

Profit = USD 383

You sold USD 10,000 for JPY 1,071,700 at USD/JPY 107.17. USD/JPY dropped to 106.90 and you decide to close the position at a gain. You closed the position by buying USD 10,000 with JPY 1,069,000 at USD/JPY 106.90. You have made JPY 2,700 (1,071,700 1,069,000) or USD 25.26 (2,700 / 106.90).

Example 2

Pair: USDJPYBase currency: USDQuote currency: JPY

Direction: sold pair

Units: 0.10 contract; USD10,000USD/JPY at entry time: 107.17USD/JPY at closing time: 106.90

Profit = JPY 2,700 (USD 25.26 equivalent)

You bought GBP 1,000 with CHF 1,530.2 at GBP/CHF 1.5302. GBP/CHF dropped to 1.5210 and you decide to close the position at a lost. You closed the position by selling GBP 1,000 for CHF 1,521 at GBP/CHF 1.5210. You have lost CHF 9.2 (1530.2 1521.0) or USD 9.6 (9.2 / 0.95831).

Example 3

Pair: GBP/CHFBase currency: GBPQuote currency: CHF

Direction: bought pair

Units: 0.01 contract; GBP1,000GBP/CHF at entry time: 1.5302GBP/CHF at closing time: 1.5210

USD/CHF at closing time: 0.95815 / 0.95831Loss = -CHF 9.2 (-USD 9.6 equivalent)

What is a leverage and margin?Trading with Margin

We support margin trading which allows you to enter into positions larger than your account balance. The upside is that you can strongly leverage the funds in your account and potentially generate large profits relative to the amount invested. The downside is that you can potentially incur significant losses very quickly.

Margin and Leverage

Margin is the amount of equity collateral that is reserved to maintain an open posi-tion, it is calculated in the following way:

There is no minimum margin required to open an account with us, but the free margin will limit the size of the positions you can open.

Leverage is used to describe margin requirements. 1 divided by leverage is the margin requirement. If leverage is 100:1 (1% margin requirement), then for each USD of margin available you can open a USD 100 position. If leverage is 25:1 (4% margin requirement), then for each USD of margin available you can open a USD 25 position.

At the bottom of our Web Trader you will see:

Margin = Contracts x Size of one contract x Instrument Price / Leverage

Margin: margin usedFree margin: margin available for you to open new tradesEquity = Balance + Unrealized Profit

We currently offer a leverage of 100:1 for all currency pairs and 25:1 for commodi-ties and indices.

Web Trader

Desktop Trader

Maintaining Sufficient Margin

If your trade is in loss, this will affect your equity and margin levels which will cause them to decline. You must maintain a sufficient Margin Level to support your open positions. You are responsible for monitoring your account to prevent position close-outs to free up margin.

A position closeout will be triggered in the following circumstances:

Warning: You will not receive a notification. Be sure to fulfill your responsibility as a trader to monitor your margin level.

When your margin level (equity divided by margin used) declines to less than 150%, you will be in a margin call and you should not open new positions.

When your margin level declines to less than 100%, you will experience a stop out. Our system will automatically close your open positions using the current Harborx rates (starting from the biggest losing position) until your margin level exceeds the stop out level.

Desktop Trader

Web Trader

Set stop-loss at order entry

Avoid Position Closeouts

You can take proactive measures to avoid getting a position closeout:

Deposit additional funds into the account to raise the Equity, which in turn will raise the Margin Level. Note that it will take time to add funds.

Specify a stop-loss for each open position to limit downside risk. You can specify the stop-loss rate at the time you issue a trade using our orders. You can also add or modify a stop-loss order at any time for any open trade.

Monitor the status of your account continuously.

Use smaller position sizes (smaller lots), so you can impose a higher margin requirement on yourself.

Desktop Trader

Add stop-loss to open order

Web Trader

Some companies offer 500:1 leverage, but we believe those levels are far too risky and could cause clients to lose all their funds very quickly in an adverse market. Successful traders seldom trade at that level of leverage.

Close individual positions to reduce the amount of Margin Used and increase the Margin Level.

Desktop Trader

Modify stop-loss to open order

Web Trader

What are swap fees?A swap fee is an overnight rollover interest fee for holding positions overnight in FX, metals and CFD trading. A swap fee is determined based on the interest rates of the countries involved in each currency pair and whether the position is short or long.

Swap fees are released daily by the financial institutions we work with and are passed on to our traders after we make adjustments to the rates based on our risk-management analysis and market conditions. Each currency pair has its own swap charge and is measured on a standard size of 1.0 lot. If you wish to hold a position to the following day passing 23:59:59pm Harborx Server Time or over the weekend, you will be subjected to a swap fee.

All market hours are expressed in Harborx Server Time, which set at GMT+2 when New York is observing Eastern Standard Time and is changed to GMT+3 when New York is observing Daylight Savings Time. We apply swap fees to our traders as swap fees are also applied to us by our liquidity providers. We apply swap fees daily at 24:00 on Harborx Server Time. We apply triple the daily swaps value at 24:00 Harborx Server Time on Wednesday for all currency pairs, except USD/CAD for which triple swaps values are applied 24:00 Harborx Server Time Thursday. The triple swap values replicate the impact of rolling the underlying spot market over the weekend.

We will deduct the fees from the equity balance of your account. If we are unable to collect the fee, we may close part of your open positions.

17Updated on 04th of March 2015