Sunday, August 16, 2009

Forex in Japan

FXOnline Japan is pleased to introduce PureDeal - our new browser-based trading platform, offering both FX and CFDs.The award-winning PureDeal platform is the first to provide Guaranteed Stops in Japan, alongside a plethora of other products and features, such as a free Reuters news feed. In addition to 65 tradable currency pairs; PureDeal offers CFDs (Contracts For Difference) on shares, stock indices and Binary Options, which are another first in Japan.Existing FXOnline customer? You will be able to log in to MyFX as usual via the MyFX tab. Even if you have migrated to PureDeal, you can still access MyFX to view historical trading details. To find out more about migrating to PureDeal, New to FXOnline? To try a demo of our new PureDeal trading platform, please click on the 'Demo Platform' button above, or if you wish to open an account please click on the 'Apply for an Account' button.24-hour Phone SupportWe now offer 24-hour phone support. The toll free number is 0120-25-7734 and our operating hours are:Monday, 6am - Saturday, 6am (UK Summer Time) / Monday, 7am - Saturday, 7am (UK Winter Time)Important Notices:PureDeal MaintenanceSystem maintenance is planned for 7th July, and should last approximately 20 minutes from 6:00am until 6:20am. This is in order to rectify a problem in some of the 24H Connect services that has been preventing deposits from the Bank of Tokyo Mitsubishi UFJ.Please note, during this maintenance access to PureDeal will be restricted and we won’t be able to take orders by telephone. We apologise for any inconvenience caused.Margin RequirementsPlease note that due to recent instability in financial markets and the fact that the Hong Kong Dollar is a fixed currency, we will be increasing the required margin for USD/HKD and HKD/JPY.Initially the margin requirement will be increased from 1% to 2%, but please be aware that it may be increased further in the future. We will, of course, provide ample notice of any future increases.While this does not affect the cost of trading, higher margin requirements may result in some of your positions being liquidated if you do not maintain a sufficient level of margin on your account. To avoid this happening, please be sure to check any open positions in these two currency pairs and either reduce the size of your positions or add extra funds to your account.Also, please be advised that Guaranteed Stops on new positions in USD/HKD will not be allowed and the minimum non-guaranteed Stop distance from market levels will be increased to 1%. Guaranteed Stops on positions opened before this date will remain at the level you chose, but any editing of the Stop will be from a minimum of 1% from market.We will also no longer be able to offer reduced margin requirements on USD/HKD trades with non-guaranteed Stops.We apologise for any inconvenience this may cause, should you have any questions about margin requirements, or any other aspect of trading, please don’t hesitate to contact us.Live PricesIt is important that you (hereinafter “Client”) take special note of the matters listed in this Statement with respect to the practice of CFD Trading including Foreign Exchange Margin Trading (hereinafter “CFD Trading”). Please ensure that you read carefully and fully understand this Statement when considering using the trading services of FXOnline Japan Co., Ltd (hereinafter “FXONLINE”), and then please commence or continue the trading only when you find it appropriate in light of your own financial resources, trading experiences, purposes of trades and other relevant factors.CFD Trading is high-risk, high-return and return of principal is not guaranteed. In CFD Trading, loss may be incurred due to fluctuations in the prices of currencies, shares, stock indices, which are the subject of trading. In CFD Trading, the transaction size can be greater than the margin which is deposited by you with FXONLINE as collateral, and accordingly, it is possible that the loss will be greater than the margin.

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