Online Futures Trading Conditions
US Residents
For legal reasons, no products or services on the Keytrade Pro Lux platform are available for US residents.
Commissions for online traded contracts
These commissions are for each contract and for each trade (buy or sell) through Keytrade Pro Lux and exclude exchange fees which are listed under the contract specifications.
Commissions for pit-traded contracts
For pit-traded futures contracts, a commission of:
- USD 10 (or the currency equivalent) for retail clients,
- USD 7 (or the currency equivalent) for institutional clients,
- plus the exchange fee is charged per contract.
Commissions for offline-traded contracts
For contract futures not traded directly online, a commission fee of USD 15 per contract per trade is charged which includes exchange fees.
Support for Stop and Stop Limit orders
Stop and stop-limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the popup details for each contract.
Initial Margin
The initial margins listed below are the collateral per contract that you must have in your account to open a position.
Maintenance Margin
Futures contracts are traded on margin, enabling you to leverage a small margin deposit for a much greater market effect.
You must maintain the maintenance margins listed per contract in your account at all times. If the funds on your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.
Partial Fills
Partial fills may occur on limit orders and the remaining amount will stay on the market as a limit order and may be filled within the order duration.
Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.
Expiry of Futures Contracts
Please note that Keytrade Pro Lux does not support physical delivery of the underlying security upon expiry of a futures contract. We therefore advise you to be aware of the expiry and first notice dates of any futures contracts you invest in and ensure that you close your position before this date. If you do not close a futures position before its expiry or first notice date, the platform will automatically close your position for you at the first available opportunity at the prevailing market rate. The positions will be closed the day before the first notice date or the day before the expiry date. In most cases, positions are closed around 6 pm (CET). Any resulting costs, gains or losses will be passed on to you.
If you require any assistance or clarification regarding the expiry of futures contracts, please contact Keytrade Lux.
Profit/Loss Conversions
Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing close rate as of 17:00 New York Time, plus/minus 0.5%.
