Our leverage on Smart (One & Two-Phase) Challenge Accounts:

Our Leverage on Instant (Smart) Accounts:

Traders should note that during weekends, the market is closed, and there is no liquidity to buy or sell assets. If a significant event occurs, such as a political announcement or economic report, there may be a gap in the market when it opens on Monday, causing a sudden price movement that could result in large losses for traders using high leverage.

To assist with curbing potential unfortunate situations, we have a feature put in place that enables you to hold positions over the weekend, explicitly labelled as "Hold Over Weekend" on our Dashboard after the trader has logged in (as shown below), and has closed all open positions.

By default all traders should close positions 1 hour before market close, our system will automatically close these half an hour before market close if they are not closed by the trader (for Instant Funding accounts alone, for Challenge accounts "Hold Over The Weekend" is automatically enabled).

Accompanied with this is the lowering of the trader's leverage once this feature has been enabled by the trader to their account (1:30 where applicable) as a risk management strategy that does help traders mitigate the potential risks associated with market volatility and unforeseen events that may occur when the market is closed.

Please note that we will not refund any losses resulting from widened spreads and slippages. Therefore, traders must assess the risks involved and exercise caution when holding trades overnight, especially during market rollovers.

Equally be aware of holding trades overnight on a Wednesday, Triple swaps on Wednesdays occur in the financial industry as a result of the settlement process for certain financial instruments. The swap is an interest rate differential between two currencies in a Forex trade or the cost of holding a position overnight.

For all cryptocurrencies, the pip value is in $ therefore the swap reference is always in USD.

An example for BTC:

Lots * 8% for longs for example/100/360

Therefore on a long position, 8/100/360 = 2.22 per day for 1 lot

And on a short position, 16/100/360 = 4.44 per day for 1 lot

Do be advised that it would be best to use the following lot/position size calculator to go through your calculations, against our above leverage ratios: Position Size Calculator

Holding trades overnight is permissible, but traders should be mindful of unfavorable market conditions that may arise during market rollovers. We caution against trading during such periods, as liquidity on all pairs is diminished, and the spreads will likely be affected negatively, thereby negatively impacting our traders and us.

Please note that we will not refund any losses resulting from widened spreads and slippages. Therefore, traders must assess the risks involved and exercise caution when holding trades overnight, especially during market rollovers.

The commission for a ThinkZero account is 7 units for every round lot. For example, if you open 1 lot and your base currency is USD you will pay $7 in total. $3.50 in and $3.50 out. For 2 lots, the total would be $14.

There is no commission charged on Indices and Equities CFDs.

The same thing that applies to currency pairs applies to gold!