The5%ers has announced important updates to its Indices trading rules, effective December 31st. These changes are going to improve trading efficiency and reduce costs for traders.
Starting from the end of the year, the contract per lot value on Indices will change from the current ten contracts per lot to one contract per lot. This means that traders will now have a more simplified and transparent trading structure. Each lot represents a single contract rather than the ten that are currently in effect.
Important Updates: The5%ers New Indices Trading Rules
Along with this adjustment, The5%ers will also remove trading commissions on Indices. This will reduce the overall trading costs for participants, potentially increasing profitability for traders.
Another notable change will be the reduction of the over-the-weekend swap rate. The current 10X swap rate will be lowered to 3X. This provides a less expensive cost for holding positions over the weekend. This change is going to make weekend trading on Indices more attractive to traders, as they will incur lower fees for keeping their positions open.
To prepare for these updates, The5%ers will take some steps in the coming weeks. Starting December 23rd, all Indices trades will be ready to “close only,” meaning that no new positions can be opened. This will give traders time to adjust their positions before the new rules take effect. Then, on December 30th, all Indices trades will be closed. These positions will be allowed to reopen on December 31st, at which point the new contract size and reduced swap rates will be in place.
The5%ers encourages traders to review and adjust their strategies in response to these changes. The firm’s decision reflects its commitment to providing a more favorable and efficient trading environment for its clients.
About the Firm
The5%ers is both a proprietary trading firm and a growth program that offers distinctive career advancements to forex traders around the globe. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $250,000 and receive up to 100% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
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