Our prices are derived from the market price that our Electronic Trading System (ETS) receives from the Underlying Exchange or our liquidity Providers. In normal market conditions orders are processed automatically.

We have different types of spread, Fixed, Target and Variable (additional), depending on the instrument and its underlying liquidity. Spreads are subject to variation especially in volatile market conditions.

On Spot Indices you can trade in fractional lots, giving you much more flexibility on your position size. For example in US30 1.0 lot contract size is $10 per whole Index Point but the minimum trade size is 0.1 lots or $1 per whole index point, so if you wanted to trade in $4 per whole index point you would enter 0.4 lots.

For FX majors, Spot Gold and Spot Silver CCC will quote a fixed spread, in normal market conditions, whatever the underlying market spread is. If conditions prevail that we decide are not normal we will widen the fixed spread dependent on the market conditions and underlying market spread prevailing at the time.

For all other FX Pairs we will quote a variable spread which means in all market conditions the ETS will show you a spread that changes depending on the market spread we are receiving from the Exchange and our Liquidity Providers. The ETS will add our Additional Spread on to the spread we are receiving from the Exchange or our Liquidity Providers to give the total quote spread shown on the Trading Platform. For Example USDCNH has a CCC Additional Spread of 0.0020, if the underlying market price from our Liquidity Providers is 6.48515 / 6.48615 = a market spread of 0.00100, our quote spread will be 0.00300 (0.00100 + 0.00200) or a quote price of 6.48415 / 6.48715

Please remember that the size on Level 1 pricing varies by the product with the majors having more volume at the best bid offer price than minors or exotics. For the most liquid majors it is normally good for between 10 to 50 lots with the next price level being a tick or 2 away but this does depend on the market conditions at the time. Whereas for less liquid pairs it may only be good for 5 to 10 lots with the next price level being a few ticks away The maximum trade size will help you estimate what liquidity is normally available at or close to the level 1 price.  Also be aware that if you build up an aggregate position which is greater than normal market size, liquidity constraints may have an impact on your closing price if you subsequently attempt to close all open positions simultaneously.

For Spot Forex the Financing charge is derived from the Tom Next Price we receive from our liquidity providers and adjusted by an administration charge of 0.5%.
For Spot Metals the financing charge is derived from the difference between the interest rate for the metal and the US Fed Funds Rate minus an administrative charge of 1.5%.

Buy  = Metal Interest Rate – USD Fed Funds Rate – Administrative Charge

For example if the interest rate for Gold is 0% and the Fed Funds rate is 1.5%

then 0% – 1.50% – 1.5% = -3.00% . You will be charged 3% on the notional value of the position.

Sell  =  USD Fed Funds Rate – Metal Interest Rate – Administrative Charge

For example if the interest rate for Gold is 0% and the Fed Funds rate is 1.5%

= 1.50% – 0% – 1.5% =0%. You will receive 0% on the notional value of the position.

If the derived interest rate for the sell position on a spot metal is a negative number you will receive negative interest (pay). Most Spot Forex and Metals products incur a 3 day interest amount on open positions held at the close of business on a Wednesday.
For Spot Forex the actual amount per 1.0 lot (interest swap) for positions open at the close of business for that trading day can be seen in the Product Window on the platform as is the interest rate used for spot metals financing.

The Target Spread is the spread we will show in Normal Market Conditions, if the underlying reference contract spread widens then our quoted spread will also widen. A figure in brackets is the Target Spread during Out Of Hours Trading, when the underlying equity market is closed.

For Spot Indices the Financing charge or Interest charge are derived from the underlying currency LIBOR interest rate and adjusted by +/- 3% depending on if you have a long or short position. The actual amount is based on the total notional value of the open position. For Spot Indices the interest rate can be seen in the Product Window on the platform.

F = (S*P*IR)/DB*D where F= Financing Amount, S=Size(Lots*Contract Value), IR= Applicable Interest Rate (LIBOR +/- 3%), DB=The Interest Days Basis used by the currency of the product and D= amount of days.

For Spot Indices the dividend adjustment is applied to take into account the ex-dividend adjustment made to the Index when any constituent equity goes Ex-Dividend. We use the dividend adjustment from our liquidity providers and other reference sources such as Bloomberg, rounded to the tick size of the instrument to determine the adjustment made. For long positions the adjustment is credited to the client’s account and for short position is debited.

CFDs and FX are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you.  It is possible to lose more than your initial investment and you may be required to make further payments.  These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice.

 City Credit Capital Cayman (“CCC”). Company address: PO Box 30116, 2F Landmark Square, 64 Earth Close, Grand Cayman, KY1-1201