Financing your FX with ForexGen

Financing your FX positions held overnight (known as interest rollover or ‘TomNext’) Trading strategies involve the use of interest rate differentials between the currencies in a pair and those positions that are rolled over from one trading day to the next will incur financing based upon these interest rate differentials. You pay interest on the currency that you sell and receive interest on the currency that you buy.

The interest rate applied is ‘TomNext’ which is an abbreviation for ‘Tomorrow’ or the ‘Next’ business day because the first value date is tomorrow or the next business day. The TomNext price reflects the applicable interest rate between Tomorrow/Next and the ‘Spot value’ date. At (22:00) 10:00pm London Time (Standard FX market Value-Date change time) each day, ForexGen settles all spot positions by closing the trade at the current market rate and re-opening it for the following day’s spot date at a rate that will reflect the interest rate differential.

Example:You are long the GBP/USD pair.You will receive interest on the GBP and pay interest on the USD.If GBP has a higher interest rate than the USD, you will receive a net interest payment but if GBP has a lower interest than the USD, you will pay out a net interest payment.

ForexGen Advantages

1] 24-hour Internet, telephone and Reuters tradingAccess ForexGen, spot gold and silver prices ensuring price integrity, transparency and consistent liquidity.

2] Transparent competitive two-way pricingWe offer very competitive spreads on over 27 currency pairs, typically 1 pip spread on the major currency pairs.

3] Instantaneous auto trade executionsWe are committed to ensuring you deal on the prices you see. At a glance you can see where the market can be bought and sold (under normal market conditions).

4] Low margin requirementsAccess ForexGen, spot gold & silver with margin requirements starting at just 1% or leverage of 100-to-1.

5] State-of-the-art trading platformsFree easy-to-use Windows-based click and deal mini and maxi trading platforms which are fully customisable and offer multiple stored layouts. Our platforms offer a wide variety of order types - MARKET, LIMIT, STOP and OCO. We aim to make it as easy and seamless as possible to access demonstration and live trading platforms and to open and fund your trading accounts.

6] Flexible lot sizesYou are not restricted to trading in standard lot sizes. Take advantage of our wide range of trading sizes from 0.01 million - 100 million (equivalent to $1 / point - $10,000 / point).

7] Risk management in real timeOur platform monitors and controls risk exposure in real time. Based on your margin requirement, it calculates funds needed to retain current open positions and resources available for new positions or for adding to existing open positions.

8] Hedging capabilityYou have complete control over whether you close or hedge your positions to reduce risk. You can run multiple positions for each currency pair which can be individually selected for closing.

9] Earn interest on cash balancesUnlike many FX brokers ForexGen Securities pays interest on those funds not being used for margin purposes.

10] 24 hour personalised customer serviceOur experienced and knowledgeable people are available 24 hours a day to answer questions and provide assistance. Our professional dealers can be accessed at all times via live chat and telephone, and our technical and administrative support is second to none.

11] A fast and efficient back office systemWhen you fund your account and start trading, you receive straight-through-processing of your trades offering live position keeping, margining, statements, unrealised and realised profit & loss.