Digital contracts 0-100

Digital contracts are claiming more and more appeal among the traders all over the world. Company World Forex offers a new type of digital contracts that differ in the specifications, which this section deals with.

Profit and loss for these digital contracts always equal 100%.

Trade is performed on the World Forex Trade Station (МТ4) without the necessity to install any additional software.

Quotes with 4/2 decimal place.

Instant Execution (upon request).

Spread is taken into account.

Trade is available on the W-DIGITAL accounts type.

Advisors use.

In this section, we shall consider the detailed description of how to perform the trading operation on purchasing digital contracts and the principals of their work.

It is required to download and install the World Forex Trade Station trading terminal and open a trading account of the W-DIGITAL type.

Trading schedule for the digital contracts 0-100 contracts corresponds to the time of opening the trading session of the respective forex assets and is available in the “Contract specifications” table.

Important (!) Base assets of these digital contracts contain letters “-bt” at the end of the symbols.
For example: "EURUSD-bt", "GBPUSD-bt".

In order to purchase an digital contracts, select the base asset in the “Market watch” window of the trading platform, then double click on the selected asset to open the window with the order parameters, as shown in the picture:

Please, take into consideration that the parameter “volume” specifies the sum of money you are going to invest in the digital contracts:

Important (!) The maximum total investments into a Digital contracts 0-100 are:

• W-DIGITAL-USD – 1500 $
• W-DIGITAL-EUR – 1200 €
• W-DIGITAL-RUB – 70 000 ₱
• W-DIGITAL-UAH – 30 000 ₴

The contract expiration time is specified in the “comment” field of the order parameters window.

The contract validity value can be stated in hours or days:

the contract validity will be equal to 3 hours.

the contract validity will be equal to 1 day.

The contract validity will be equal to 1 hour by default, if you need to set the other value, state it in the “Comment” field or leave the field empty. No other data (minutes, additional text comments) must be stated in the “Comment” field, otherwise the order will not be accepted by the trading server.

Attention: the minimum expiration period is 1 hour, maximum – 5 days.

Opening an order is performed by pressing an appropriate button of the operation type choice:

Buy - digital contracts for a rate rise, is effected at the Ask price and closes at the Bid price.

Sell - digital contracts for a rate lowering, is effected at the Bid price and closes at the Ask price.

After opening an order, the volume of betting (pledge) will be blocked and transferred to the pledge.

Upon the expiration period termination, the trader server determines the expiration price, following which the order is automatically closed and the profit is calculated.

Expiration price – is the first tick (price change), received after approach of the digital contracts expiration time.

In case if the digital contracts expiration time falls on a day-off, the first tick (a price change), received after opening the trading session of the next week, is considered to be the closing price.

The digital contracts profit or loss accounting is carried out in the form of the operation market swap, as shown in the picture:

The digital contracts for a rise is considered to be profitable if the closing price Bid is higher than the price of its opening.

The digital contracts for a lowering is considered to be profitable if the closing price Ask is lower than the price of its opening.

The digital contracts profit equals to the volume of the investment x 2 (i.e. 100% from the volume invested), at the same time the pledged is returned and the profit value is written to the trading order Swap value. In case when the digital contracts is unprofitable, the pledge volume is lost and written as the trading order negative Swap value.

Digital contracts 0-100 cannot be closed ahead of time. Closing the order is performed only be the trading server upon the termination of the specified expiration period.

The trading server does not accept the trader’s instructions for modification, closing.