Types of orders
BCM Begin Capital Markets CY Ltd provides its clients with the following types of orders: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Take Profit, Stop Loss, Trailing Stop.
Trading hours for Forex, Commodities, and Indices can be found here. Trading hours for Stocks can be found here.
The whole list of available trading instruments alongside the underlying asset and the Exchange, where this asset is being traded can be found here.
You can practice with a Demo account for the duration of 30 days. Once the 30 days period ends, you may upgrade your Demo account to Live account.
Trading conditions and specifications
BCM Begin Capital Markets CY Ltd provides its clients with the following:
Floating (typical)* spread; there may be occasions when market conditions may cause spreads to widen or to shorten, beyond the typical spreads
Wide variety of instruments to trade (Forex, precious metals and CFDs)
Trade with standard lot sizes
Spreads starting from 3 pips on the EUR/USD
Minimum initial deposit of $ 1000 as a wire transfer
Leverage up to 1:100 for professional clients**
*Margin requirement for opening new positions will be calculated based on the new reduced leverage.
** As per CySEC’s Announcement published of 28th March 2018 in relation to the Press Release for the product intervention measures on CFDs, issued by the European Securities and Markets Authority (“ESMA”), the leverage limits on the opening of a position by a retail client should be 1:30. If you are an experienced client and able to bare and understand the risks involved in the trading on higher margin, you may request a higher level of leverage and your request will be reviewed.
Swaps will be charged at the end of each business day. Triple swaps will be charged on Wednesday. Swap points for MetaTrader5 can be found here.
The Portfolio Management Fee for holding physical shares will be charged in the form of a swap at the end of each trading day. It will triple on Wednesday. You can find the amount of the Portfolio Management fee here.
Clients will be warned by the platform at 100% margin level, that they are getting close to automatic liquidation of their position. Clients will only get an automatic margin call notification if they are logged into their trading platform. Therefore, clients are advised to log into their trading platform on a regular basis to ensure they monitor their Equity and any relevant notifications accordingly. Clients are also warned that the moment their margin level falls below 50%, the platform will automatically liquidate their positions.
MT5 Rollover Table
BCM Begin Capital Markets CY Ltd will automatically rollover Clients’ open positions for Commodities, Indices and Bonds to the next liquid contract before the current contract expires. A table of dates of the rollovers and expirations can be found here. Please note that this information is for indication purposes only and is subject to change due to either low liquidity or unforeseen changes by the exchanges. An explanation about the rollovers can be found here. During rollover the existing Take Profit, Stop Loss, Buy/Sell limit and/or Buy/Sell stop orders will be cancelled 10 minutes before the expiration. You will not be able to open new positions 15 minutes before the expiration. Only close mode will be active.
Shares and Cash Indices (CFDs) reflect corporate events so you will be entitled to a dividend payment, if you have an open long position on the shares in question, and if you open a short position, a value equal to the dividend will be written off. If the dividend settlement relates to the Shares and Cash Indices which you trade and which were opened no later than on the day before the ex-dividend day, the company will apply the dividend settlement. In the case of CFD trades with individual shares, dividend settlement will be used as follows:
Clients holding long positions of individual shares (CFDs) and cash indices will be credited with dividends based on ex-dividend settlement.
Clients holding short positions of individual shares (CFDs) and cash indices will be deducted from dividends based on ex-dividend settlement.
Please note that dividends may be subject to tax. The Company may terminate or change the settlement of dividends, in particular because of changes in the law, changes in the regulatory system, tax rates or withholding tax requirements to the relevant tax administrator.
This is a charge of up to EUR 89 (or the equivalent in the chosen currency) or the lesser of the remaining balance in your account, which will be charged if the Trading Account is inactive or dormant for 6 months as specified in the Trading Terms and Conditions. The maintenance fee will be charged to accounts which fulfil the above conditions each three (3) months, starting from the first month of inactivity (PDF).
All transactions on Italian CFDs and ITA40s are subject to FTT. The tax is charged as a fixed fee related to the nominal value of the transaction, as shown below:
Up to the amount of EUR 2 500: 0.25 EUR
2 500 – 5 000 EUR: 0.5 EUR
5 000 – 10 000 EUR: 1 EUR
10 000 – 50 000 EUR: 5 EUR
50 000 – 100 000 EUR: 10 EUR
100 000 – 500 000 EUR: 50 EUR
500 000 – 1 000 000: 100 EUR
More than 1 000 000 EUR: 200 EUR
Our clients cannot lose more funds than they have in their account.