Physical Stock Trading with JFD

For physical stocks, if you hold an open position at the market opening on the Ex-dividend date, you will receive the Net Dividend (dividend after taxation) directly on your trading account after the Payment date.

For example, a company “X” announces on the 3rd of March an Ex-Dividend date for distributing dividends. All clients who have held an open position with this company when the market closes on the 2nd of March, will receive the net amount of the dividends on their trading accounts after the Payment Date.

You can find all transactions related to dividends in your account history or your daily account statement.

The Currency conversion scenarios calculation formulas are:

• First roll after the trade is opened:

  ((Position volume * Open price of the traded symbol / FX Rate ask price at the current end of day) - (Position volume * Open Price of the traded symbol / FX Rate bid price at the moment of position opening))

  Example: (52x48.6/1.07981) - (52x48.6/1.07934) = 2340.41-2341.43 = -1.02

  

• Every other roll:

  ((Position volume * Open price of the traded symbol / FX Rate ask price at the current end of day) - (Position volume * Open price of the traded symbol / FX Rate bid price at the Previous day, end of day))

  Example: (52x48.6/1.08446) - (52x48.6/1.07977) = 2330.38 - 2340.50 = -10.12

  

• Intraday trades:

  ((Position volume * Open price / FX Rate ask price at the moment of position closing) - (Position volume * Open price / FX Rate bid price at the moment of position opening))

  Example: (15x129.14/1.08415) - (15x129.14/1.08411) = 1786.74 - 1786.81 = -0.07

  

• On Position Close:

  ((Position volume * Open price / FX Rate ask price at the moment of position closing) - (Position volume * Open price / FX Rate bid price at the Previous day, end of day))

  Example: (20x94.02/1.08361) - (20x94.02/1.07986) = 1735.31 - 1741.33 = -6.02

  

For EUR account base currency to USD Traded Symbol Base Currency, the FX Pair needed for the conversion is EURUSD.

For GBP account base currency to USD Traded Symbol Base Currency, the FX Pair needed for the conversion is GBPUSD.

The Currency conversion scenarios calculation formulas are:

• First roll after the trade is opened:

  ((Position volume * Open price of the traded symbol * FX Rate bid price at the current end of day) - (Position volume * Open price of the traded symbol * FX Rate ask price at the moment of position opening))

  Example: (100*48.14*1.07977) - (100*48.14*1.07608) = 17.76

  

• Every other roll:

  ((Position volume * Open price of the traded symbol * FX Rate bid price at the current end of day) - (Position volume * Open price of the traded symbol * FX Rate ask price at the Previous day, end of day))

  Example: (100*48.14*1.08444) - (100*48.14*1.07981) = 22.29

  

• Intraday trades:

  ((Position volume * Open price * FX Rate bid price at the moment of position closing) - (Position volume * Open price * FX Rate ask price at the moment of position opening))

  Example: (16x145.9x1.0837) - (16x145.9x1.08362) = 2529.79 - 2529.60 = 0.19

  

• On Position Close:

  ((Position volume * Open price * FX Rate bid price at the moment of position closing) - (Position volume * Open price * FX Rate ask price at the Previous day, end of day))

  Example: (1x90.01x1.05459) - (1x90.01x1.05412) = 94.92 - 94.88 = 0.04

  

For USD account base currency to EUR Traded Symbol Base Currency, the FX Pair needed for the conversion is EURUSD.

For GBP account base currency to EUR Traded Symbol Base Currency, the FX Pair needed for the conversion is EURGBP.

For CHF account base currency to USD Traded Symbol Base Currency, the FX Pair needed for the conversion is USDCHF.

For CHF account base currency to EUR Traded Symbol Base Currency, the FX Pair needed for the conversion is EURCHF.