GET can educate you on how to trade like the professionals, with access to our support team, simulation software and trading tips on what FX positions to take. GET offers comprehensive customer support online or over the phone. GET provides excellent, fast, cost effective and secure Forex trading services to its customers. Customers have access to 170 FX currency pairs

Features of the GET Trader include live quotes and price history charts on one screen and a position indicator showing entry and exit points of your trades.

Margin FX
What is Margin FX?
   a. Spreads and margins
   b. Autoexecuted trades
   c. Ticket fees for low-value trades
   d. Conversion of currencies
   e. Margin calls
   f. Rollovers - Positions held until their Value Date

Currency Options
What is Currency Options?
   a. Spreads and Margin requirements
   b. Ticket fees for low-value trades
   c. Exercise procedure

Margin FX

- Trade over 155 Forex currency crosses, more than any other online provider
- Trade on highly competitive Forex currency spreads such as 3 pips for major pairs
- Trade approx 40 Forex options

What is Margin FX?
Trading foreign exchange on margin is a derivative product and it empowers investors to leverage a small margin deposit for a much greater market effect. 

A foreign exchange contract involves the exchange of one currency for another. Margin foreign exchange differs from spot foreign exchange trading and currency options.  Margin FX trading generally involves taking forward positions in a foreign currency and instead of those contracts being settled by exchange of the relevant currencies, the positions are “closed out”.

Closing out involves entering into equal and opposite position with us, which generates a profit or loss on the transaction, which is then settled between us. The resulting profit or loss of the trade is the net result of the difference between the opening and closing exchange rates of each transaction, adjusted for transaction costs.

You can trade margin foreign exchange on GET Trader
• from Monday 06:00 AEST (currently Sunday 20:00 GMT)
• to Friday 17:00 New York local time (currently Friday 21:00 GMT)

a. Spreads and margins
Margin trading allows investors to buy and sell assets that have a greater value than the capital in their account. Forex trading is typically executed on margin accounts, and the industry practice is to trade on relatively small margin amounts since currency exchange rate fluctuations tend to be less than one or two percent on any given day.

Our margin rates are some of the lowest available gearing your investment up to 100 times. You need to maintain a 1% margin in your account and 2% over weekends.

Margin trading does involve a certain amount of risk. Since a position is being held that exceeds the actual value of the account, a trader could incur substantial losses if the market moves against his position. Thus, margin trading requires close monitoring of margin utilisation, i.e. the amount of collateral being used to hold margined positions.

If margin utilisation exceeds collateral available for margin trading, positions must be closed, reduced, or additional funds must be posted to cover the position.

Our target bid/ask spreads listed are our best possible target spreads used under normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and auto execution disabled.

b. Autoexecuted trades
Major currency trades can be autoexecuted for amounts below the autoexecution limit. Autoexecuted trades are automatically accepted without intervention from the bank. For trade sizes over the autoexecution limit and in volatile market conditions, the trade must first be approved by a dealer which normally takes just a few seconds. Note that these are typical autoexecution limits that can change over the day, depending on the market conditions and available liquidity.

c. Ticket fees for low-value trades
For Forex trades below the Ticket Fee Threshold listed, a small ticket fee of USD 10 is added to the trade to cover administration costs.

d. Conversion of currencies
All conversions will be done using the prevailing exchange rate plus/minus 0.5%. This includes, but is not limited to, conversions of transferred amounts and profits and losses from trading activities.

e. Margin calls
You must maintain the margins listed in your account at all times. If the funds in 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 need to close positions on your behalf.

Margins and Risk Management
GET holds the right to make a margin call if the need arises. A margin call is defined as the demand for additional funds to be deposited in your account to meet margin percentage and for payments for differences requirements because of adverse price movements.

GET minimum account opening amount for the covering of Margins is A$5,000 or currency equivalent. In case of a margin call, you will be receiving the below listed email and system messages in sequence:

STEP 1 - Warning: Percentage of Capital Usage: 100%
Please be advised that you are now fully utilising your available margin for trading purposes in accordance with your trading agreement. You should not increase your positions further. Please note that in case of a substantial deterioration in your positions resulting in further losses, a margin call will be issued and, in such case, you should adhered to it promptly.

STEP 2 - Margin Call: Percentage of Capital Usage: 125%
Your margin requirement is [Margin Required], while your available margin is [Net Equity For Margin]. Please immediately reduce your positions accordingly, or transfer minimum [Margin Deficit] to support your account. Failure to do so or further
deterioration of your positions may result in your positions being closed without further notice.

STEP 3 - Stopping Out: Percentage of Capital Usage: 150%
Due to a serious margin call on your account, we have been obliged to close your positions. Please refer to your account summary for current account balance and your trade activity statement for details of the closing trades. Please contact your Account Executive immediately for any further actions you wish to undertake.

All the above messages will be posted on your trading platform. GET staff will also endeavour to send you an email alerting you to the margin call. It is client's responsibility to manage their own accounts and risk management including open positions and any orders working in the market.

f. Rollovers - Positions held until their Value Date
Spot Forex positions held at the end of the business day before their Value Date will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added a mark up of +/- 0.25% plus an interest component for any unrealized profit/loss on the position.

• Interest on Unrealised Profit/Loss

In addition to the swap charge or credit, an interest component of LIBOR/LIBID +/- 0.75% will be credited or debited at rollover for any unrealised profit or loss on the position.

Swap Rates

Select the original value date and one of the traded currencies for an open position. The new value date and swap points applied at rollover for both Long and Short positions are displayed.

These swap rates are for a standard private account and are for indication purposes only.