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Forex Trade Group Ltd Henderson Mail P.O.Box 21-1078 Auckland, New Zealand Swiss Exclusive ECN FOREX Trading for active traders, hedge funds, banks and professionals. www.forex-trade.co.nz office@forex-trade.co.nz


About Forex Market This liquidity mainly comes from the banks

â… .About Forex

which offer cash flow to companies, With more than $1.5 trillion USD

investors and market players.

being traded daily, the foreign exchange market has managed to become the

Steady trading prospects

world's largest financial market, over the

The market is constantly moving and

last

three

decades.

large

since Forex trading involves buying and

minimum deal sizes and rigid financial

selling of currencies, so traders can easily

requirements,

operate in a rising or falling market. This is

the

With

Forex

the

market,

till

recently, was not explored by the common

because,

trader or individual investor. But now the

prospects, whether a currency is rising or

average investors can also engage in

deteriorating

Forex trading. Some of the advantages of

currency. So there is always profit potential

Forex trading are as follows:24 hours

in the Forex market, whether it?s a rising

trading

one or a falling one.

there in

are

always

relation

to

trading another

Forex gives its traders a 24 hour trading opportunity. Being a Forex trader,

Along with these major advantages,

you can trade 24 hours a day from Sunday

the Forex market also has some other

5:00 pm (ET) to Friday 4:30 pm. This gives

merits such as, Forex trading gives its

traders an opportunity to trade according

traders, an opportunity to bigger profits as

to their convenience, going by their own

returns on their invested money. Also,

schedule and also a chance to react

since the market is open 24 hours a day,

instantly to any breaking news of the

5.5 days a week, it gives the investors can

markets.

make their deals anytime they want to. With such superior speed of the

High levels of liquidity

market, and fine liquidity, even the largest

Also, acting as a huge attraction is the

of transactions are conducted within a few

high liquidity. With almost 90% of all the

seconds. You can study the Advantages

currency transactions consisting of 7 major

and Disadvantages of Forex Trading as

currency pairs, helps these currencies

well on our website.

display price stability, smooth trends, narrow spreads and high levels of liquidity.

How to open Forex Account on SWISS Market - Demo and Live Tutorial Forex Trade Group Ltd ,New Zealand (C) Copyright (11 August 2012) All Rights Reserved

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Contents

1. About Forex Market 2. Forex ECN Accounts - General Features 2.1 Lot Size 2.3 Trading hours 2.4 Settlement Procedure 3. Funding Facilities 3.1 Wire Transfer 3.2 Credit and Debit Cards 3.3 Bank Guarantees 3.4 Swiss Custodian Banking Services (Segregated Swiss Bank Account) 4. Margin Requirements 4.1 Minimum margin requirements 4.2 Use of leverage 4.3 Margin call and margin cut policy 4.4 Over-the-weekend leverage 4.5 Risk disclosure 4.6 Overnight Policy 4.7 Swap-free-accounts 5. Jforex 5.1 Why Traders Choose Jforex 6. Forex Trading Platforms 6.1 JForex - universal trading tool 6.2 Java - simple yet powerful tool for manual trading 6.3 Web Platform - instant market access 6.4 Forex in your pocket - mobile trading platforms 6.5 SWFX Trader for Apple iOS 6.6 Swiss Forex Trader for iPad™ 6.7 SWFX Trader for Android (DEMO) 6.8 Compare platforms features 6.9 Third Party Bridge to MT4 Platform 7. Getting Started with Demo Account 7.1 Getting Live Trading

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2. Forex ECN Accounts - General Features Dukascopy Bank SA offers currency and precious metal trading (all together referred to as “Forex”) to private individuals and institutional clients. Accounts can be opened in eight different currencies – USD, CHF, EUR, GBP, JPY, CAD, AUD, SGD and PLN. Different funding facilities (including Bank Guarantees, Custodian services, etc) are available. The Dukascopy Bank SA Forex trading service is optimised for institutional trading activity. The recommended deposit size for this type of trading is considered to be more than 50,000 USD. Minimal deposit size is variable depending on the client profile and type of account:

Prices and liquidity are equal for all clients. Depending on the account size and monthly traded volume, different trading commissions and overnights are applied. Dukascopy Bank accepts all types of trading (including news trading, scalping etc). 2.1 Lot Size The minimal acceptable order size is 1000 units of the primary currency, 1 unit (ounce) for gold and 50 units (ounces) for silver. There is no maximum lot size limitation, except available liquidity and marginal requirements.

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2.3 Trading hours Most of the instruments are traded on a 24 hour basis without interruption, from market opening on Sunday, 21:00 GMT during Summer Time (22:00 GMT during Winter Time) untill market close on Friday, 21:00 GMT during Summer Time (22:00 GMT during Winter Time). The following instruments have trading breaks during the trading session:

Attention: Wider spreads during "off market hours" or a market gap after trading break can significantly decrease the equity on your account and can trigger a margin cut or equity stop loss level.

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2.4 Settlement Procedure Settlement activities are conducted on a daily basis and include all post-trade operations such as trade settlements, rollovers, volume commissions and daily P&L conversions and other end-of-day amendments (please refer to Overnight policy for related information on value date and overnights). Settlement procedure is applied at 21:00/22:00 GMT and is carried out automatically in the account's base currency. The account balance is updated on a daily basis after the settlement procedure. Clients are able to track balance history in various reports through the trading platform or through web based entry.

3. Funding Facilities Dukascopy Bank offers its clients three convenient ways to fund their trading accounts. All new accounts must meet the minimum deposit requirements (2.0* )

3.1 Wire Transfer This is the quickest and easiest way to fund your account. We accept deposits in USD, CHF, EUR, GBP, JPY, CAD, AUD, SGD and PLN. Funds are usually received by Dukascopy Bank within 1-2 business days. Wire transfer instructions are available by request to your Account Manager.

3.2 Credit and Debit Cards The funding of an account by credit / debit card is allowed to clients of Dukascopy Bank SA under following conditions: The name of the card holder must be identical to the name of the account holder with Dukascopy Bank SA. Transfers from third parties are not accepted; funds will be wired back at your expenses. For the security of our clients, the maximum amount accepted through credit / debit card is CHF 10,000 / USD 10,000 / EUR 8,000 / GBP 7,000, depending on currency selected. Debit cards (Maestro, Visa Electron) and credit cards (MasterCard, Visa) are accepted for funding. The types of cards accepted by Dukascopy Bank SA may change at any time without prior notice to clients. Dukascopy Bank SA does not charge any fee for the account funding via credit / debit card, however, the commission of our partner bank (2.3% of the transaction amount) will apply. This commission will be deducted from the amount selected by you to be transferred on your account. Should clients want to use a card having other base currency than CHF, EUR, USD or GBP, an additional conversion fee may apply. The funds will be credited to your account within one business day from upon receipt by Dukascopy Bank SA.

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3.3 Bank Guarantees The bank guarantee solution provides great flexibility and efficiency to Dukascopy Bank clients and allows you to keep the funds with your trusted bank in order to access them immediately when required. Bank guarantee can be issued for several accounts, provided they are under the same name for which the Bank Guarantee is issued. Dukascopy Bank accepts bank guarantees for deposits starting from 100 000 USD. All bank guarantee cases are considered on individual basis.

3.4 Swiss Custodian Banking Services (Segregated Swiss Bank Account) Your trading account can be linked to a Swiss custodian bank account. In this case, you trade directly in the Swiss Forex Marketplace, without making fund transfer to Dukascopy Bank (the client and the issuing bank have to contact their Account Manager in Dukascopy Bank for further questions). The minimum deposit size for this option is 250 000 USD.

4. Margin Requirements Transactions conducted in the SWFX marketplace may be done on margin trading basis, enabling a client to leverage a deposit for access to bigger liquidity from invested funds and amplified market effect. The multi-currency exposure of the account is limited by the Total Trading Line which is calculated in the base currency, by multiplying the Equity of the account by the leverage agreed with Dukascopy Bank SA. During regular trading hours, the total Free Trading Line can be up to a 100 times the amount of the equity. The initial leverage of the account can be adjusted to different levels (e.g. 1:50 or 1:20) which are predefined by Dukascopy Bank SA and the client. The necessary margin to run an exposure is computed each time at trade initiation, and the amount of Free Trading Line is updated in real time on the trading platform.

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4.1 Minimum margin requirements In order to protect clients from incurring liability above their equity and protect Dukascopy Bank SA from associated risks, the following minimum margin policy applies: The minimum equity requirement for the self-trading account is 100 CHF. For accounts with different base currency the minimum amount of equity is calculated at the corresponding rate of the latest settlement. All open positions may be closed and the account may be blocked should the equity on the account reach the minimum margin requirement. The minimum margin required to open a position depends on the desired leverage, currency pair and current market prices. The table below lists the minimum margins required to trade a contract of 100'000 for different currency pairs if the account's leverage is set to 1:100.

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How to open Forex Account on SWISS Market - Demo and Live Tutorial Forex Trade Group Ltd ,New Zealand (C) Copyright (11 August 2012) All Rights Reserved

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4.2 Use of leverage In order to facilitate the perception of used margin and the extent of an exposure, Dukascopy Bank has created a special real-time percentage indicator - use of leverage. The use of leverage has two objectives: 1) to show how much of Free Trading Line is used to run an exposure and 2) to run the margin call and margin cut procedure on the account. The equation for the use of leverage is as follows:

*Note that the total Free Trading Line equals to equity multiplied by leverage

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4.3 Margin call and margin cut policy Margin call (use of leverage >100%) means a situation where the margin requirements do not allow the client to increase exposure on his account.The client may only close the existing unhedged positions or hedge current positions in order to reduce exposure. Despite the margin call level being reached, the positions will not be closed automatically. The automated system will cancel all placed bid/offer orders that can increase the exposure. Margin cut or cut-off level (use of leverage ≼ 200%) - if the use of leverage reaches or exceeds 200%, Dukascopy Bank has the right (but not the obligation) to fully or partially reduce the client's exposure by closing existing positions and/or by opening new positions in the opposite direction. Usually the system automatically reduces exposure so that the use of leverage is brought to approximately 100%. However, self-traders can set full close of all open positions in case of margin cut.

4.4 Over-the-weekend leverage Maximum available leverage for the weekends and other market closure days is typically set to 1:30. The purpose of this policy is to mitigate risks caused by potential price gaps during market closure, which may seriously threaten invested funds. Standard algorithm: Over-the-weekend trading conditions are effective starting 3-4 hours before each market closure (weekend, holidays, etc) until re-opening of the market. For usual Friday night closure, over-the-weekend conditions would become effective at 18:00 [GMT]. As a result of leverage contraction, the use of leverage can increase if the account has exposure. Regardless of the over-the-weekend margin conditions, the general execution mechanisms of the margin call and margin cut remain the same. That is, if the amount of equity on the account is not sufficient to support existing positions with a leverage of 1:30, the margin cut procedure will be applied to the account (see paragraph Margin Call and Margin Cut).

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4.5 Risk disclosure Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the use of leverage at normal levels. The client must always keep in mind that margin trading increases potential loss, as well as potential profit, and invested funds can quickly suffer losses in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining sufficient margin in relation to the existing positions.

4.6 Overnight Policy Dukascopy Bank's Overnight Policy aspires to provide attractive cost of carry conditions to institutional clients in order to strengthen the company's leadership as a forex Bank in FX industry.

* Cost of carry rates in the table above are denoted in "pips". ** For detailed calculations, please refer to the Forex calculator tool.

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Institutional cost of carry rates shall be applied to accounts that satisfy the minimum monthly turnover criteria, currently set at USD 1 billion monthly. Should the figure be reached during a month, the account shall be entitled to the institutional cost of carry rates for the following month. Regular cost of carry rates shall be applied to accounts that do not satisfy the institutional criteria. Cost of carry rates published on the website are for informative purposes only. The overnight policy basically describes the process of rollover of any existing exposure to the next settlement if it is necessary to avoid cash delivery and receipt of the currencies involved. Each day at the end-of-day settlement time [set at 21:00 GMT or 22:00 GMT, depending on the season], open exposures are swapped to the next settlement date. The process consists of simultaneously closing the existing exposure at the daily close rate [swap near leg], and opening the same for the next settlement date [swap far leg] at the cost of carry price. Users are able to see the impact of the cost of carry process in the various reports. While cost of carry points are readily shown in the position report, both near and far legs of the swap transaction are shown in intraday and portfolio statements, the near leg being labeled as "rollover close", and the far leg as "rollover open". Dukascopy Bank uses the following central bank target rates as a basis for its overnight policy set-up. It must be stressed that Dukascopy Bank adds its own carry costs to the rates applied to the clients.

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4.7 Swap-free-accounts Swap-free-accounts are trading accounts in adherence with Islamic religious principles. The overnight which is charged or paid as the price difference between rollover close and open trades is not applied to swap-free-accounts. Both rollover trades are booked at the same price. In addition to the standard volume commission an extra fee of USD 5 per 1 million USD for currencies and USD 7.5 per 1 million USD for precious metals is applicable to swap-freeaccounts. Client applications for swap-free-accounts are accepted by Dukascopy Bank on a case by case basis. Swapfree-accounts shall be used strictly in good faith for Muslim religious compliance reasons only. Dukascopy Bank may decline / cancel the use of swap-free-accounts, at its own discretion. All users of swap-free-accounts shall agree with conditions. Dukascopy Bank reserves the right to get compensation from the client in case the latter has used a swap-freeaccount in bad faith and / or has breached the conditions. Dukascopy Bank may change, modify or amend in part, or fully, the above described overnight policy according to the situation on the market.

5. Jforex JForex platform is recommended for traders interested in manual and automated trading and/or developing and testing trading strategies based on the JAVA programming language. The main functionality and interface of the platform are similar to those of Java platform. In addition, a built-in cross-platform interface for execution of custom strategies and programming code are provided. Integrated technical analysis tools also allow to follow positions directly from charts.

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5.1 Why Traders Choose Jforex There are many different automated trading solutions available on the market. But few or none can provide as many functions as JForex. Below are some of the main features of the JForex platform compared to others solutions such as Meta Trader, Trade Station, etc. → Different operation systems support! You can run automated strategies using any operating system (Windows, Linux, Mac, etc.) → Automated strategy visualization! JForex provides you with the possibility to visualize a strategy’s execution not only during real-time trading but also for historical back tests. → Automated strategies based on multiple currency pairs! Traders can develop their strategies based on multiple currency pairs. You can also run a historical back test for the selected multiple pairs within one trading strategy. → Historical back tests using real tick data! In contrast with others automated FX solutions providers in which tests results usually are not very accurate due to the use of data interpolation instead of the real tick data, JForex solves this problem by offering a real tick data for a historical back test. → Up to 180 trading indicators! There are up to 180 trading indicators implemented in to JForex, all available to automated FX strategies. → Java IDEs (Integrated Development Environment) support! JForex professional traders can take full advantage of the different Java IDEs (Integrated Development Environment) available for JForex strategies implementation. → Full market depth option! JForex market depth encompasses of the prices and liquidity taken from many different liquidity providers. While developing their strategies, traders can utilize the market depth as an additional resource providing information about the current market. → Placing of BIDs and OFFERs to the market! This special option allows the traders to act as a liquidity provider by placing individual bids and offers directly to the market. As Bids/Offers are placed, they can be matched by other liquidity consumers, thus avoiding your spread costs.

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6. Forex Trading Platforms Dukascopy Bank trading platforms provide access to Swiss Forex Marketplace (SWFX). The platforms are designed to deliver ability to act and react quickly under different market situations. Panes are organized in such a way that users can easily monitor the market, current exposure, manage their orders and positions, follow the evolution of their equity, leverage and performance.

All platforms support a wide range of trading orders, such as: Market, Limit, Stop, Take Profit, Stop Loss, Stop Limit, Trailing Stop, Place Bid/Offer, OCO, IFD etc. “Slippage Control” functionality, allows controlling maximum price slippage on execution. There are two trading modes available on the platforms: “Net Position”* and “Hedging” mode. “Hedging” mode allows the trader to keep different direction positions for the same trading instrument, with possibility to “Merge” them. “Net position” mode displays all orders for the same currency pair in one position.

6.1 JForex - universal trading tool JForex platform is recommended for manual and/or automated trading. This platform is designed for traders interested in automated trading and/or developing and testing trading strategies based on the JAVA programming language. The main functionality and interface of the platform are similar to those of Java platform. In addition, a builtin cross-platform interface for execution of custom strategies and programming code are provided. Integrated technical analysis tools also allow to follow positions directly from charts.

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6.2 Java - simple yet powerful tool for manual trading This platform is designed for manual trading. The platform is organized to simultaneously display all necessary trading information without switching between different windows. In addition, traders can benefit from various technical analysis and market research tools integrated into the platform. Instant communication with live trading support team and alerts set up are also available.

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6.3 Web Platform - instant market access The interface and technical requirements of the platform are optimized in order to meet the needs of all traders, regardless of trading conditions and technical limitations. Trader can customize frequency of updates for quotes and market depth level depending on his PC and network parameters. At the same time, the platform provides all main functionality of order execution and position management. Market research tools, instant communication and multilingual interface are also available.

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6.4 Forex in your pocket - mobile trading platforms The rapid development of mobile UI, driven by IT industry leaders, Apple Inc. and Google, turned smartphones from geeky accessories into an indispensable tool for everyday life, suitable even for inexperienced users, allowing them to concentrate on trading. Dukascopy's philosophy is to create a healthy mix of flexibility that is offered by modern smartphones and a full set of trading-related features, offered by the SWFX Marketplace. In other words, our goal is to offer full desktop functionality on the small smartphone screen without a complicated User Interface.

6.5 SWFX Trader for Apple iOS Dukascopy Bank SA is pleased to provide it's service for iPhone, iPod and iPad users through the Swiss Forex Trader application. The most innovative Forex trading platform available on the iPhone is finally here! Enjoy a genuine iPhone OS application that replicates all the main features of the Dukascopy platforms. In order to let you trade your account from anywhere, the app supports Edge/3G/Wi-Fi connection types with an automatic connection control system that adapts data flow size depending on the connection speed.

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6.6 Swiss Forex Trader for iPad™ The special iPad edition of the Swiss Forex Trader app gives you more information at the same time thanks to great iPad display.

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6.7 SWFX Trader for Android (DEMO) Dukascopy Bank SA is pleased to provide it's service for World's most popular mobile OS users through the SWFX Trader for Android application. A genuine Android OS application that replicates all the main features of the Dukascopy platforms. In order to let you trade your account from anywhere, the app supports Edge/3G/Wi-Fi connection types with an automatic connection control system that adapts data flow size depending on the connection speed.

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6.8 Compare platforms features Although every trading platform of the Dukascopy Bank SA has full trading capabilities, additional features may vary on different platforms:

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6.9 Third Party Bridge to MT4 Platform MetaTrader 4 is well known trading platform, appreciated by many users around the world. Dukascopy Bank SA does not provide a MT4 platform to access to Swiss Forex Marketplace (SWFX). However, customers are able to use a third party solution to connect the Swiss forex Marketplace (SWFX) to an MT4 environment (third party provider's MT4 bridge).

How to open Forex Account on SWISS Market - Demo and Live Tutorial Forex Trade Group Ltd ,New Zealand (C) Copyright (11 August 2012) All Rights Reserved

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7. Getting Started 1. Open a Demo Account for developing and testing 2. Run JForex Demo Platform 3. Develop your strategy based on Java Documentation 4. Test your strategy with the Historical Tester

7.1 Getting Live Trading 1. Open a Live account 2. Run JForex Live Platform 3. Run your strategy

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