Enjoy the best trading conditions in the industry for products
including forex, metals, shares, indices, commodities,
cryptocurrencies and more!
Margin Requirement
Margin trading can be a useful method to boost your equity, enabling you
to make profits without having to increase your deposits. Margin trading
also comes a risk of you sustaining losses in excess of your deposited
funds.
Please refer to specific risk warning for each regulated entity during
the account opening process.
Forex
One standard lot = 100,000 units of the base currency
Under Leverage rate of 1:100
Margin per lot = 1,000 units of the base currency
Margin for 1 lot of USDJPY = $1,000
Margin for 1 lot of EURUSD= €1,000
The currency pair is automatically converted from the base
currency to the quote currency at the exchange rate at the
exact time when the transaction is recognized.
Stop-out Level
Miles Capital trading platforms are set to automatically close
open positions when the stop-out level is reached. For all
accounts, when the equity in the trading account falls below 50%
of the required margin, the stop-out level will be reached.
Miles Capital will automatically close open positions at ‘Market
price’, releasing in the order of highest to lowest floating
loss until the margin level is reached.
*When the market is experiencing swift fluctuations, there is
no guarantee about the order of stop out. Instant adjustments
may be made by Miles Capital according to instant market
situation, clients are responsible for risks that may arise
thereof. Miles Capital reserves the right of final explanation
concerning the order of stop out.
* Please note that when there is a hedged position in the
account, instant widening of spread may cause equity change.
If that leads the equity to drop into negative, stop out will
be intrigued as a result.
Tiered Margins on Exotic Products Across All Account Types
Restricted by market depth and for risk control, Maximum Lots per Click
and Maximum Open Positions are as follows
Market
Margin Requirement (up to 5M)
Margin Requirement (5.01M-10M)
Margin Requirement (10.01M-20M)
Margin Requirement (20.01M-50M)
Margin Requirement (Above 50M)
EURNOK
2.0%
3%
5%
10%
15%
EURSEK
2.0%
3%
5%
10%
15%
USDCNH
2.0%
8%
15%
20%
20%
USDHKD
2.0%
10%
15%
20%
25%
USDMXN
2.0%
3%
5%
10%
10%
USDNOK
2.0%
10%
15%
20%
15%
USDSEK
2.0%
3%
5%
10%
15%
USDSGD
2.0%
10%
15%
20%
25%
GBPZAR
10.0%
15%
20%
25%
30%
GBPMXN
10.0%
15%
20%
25%
30%
USDDKK
2.0%
3%
5%
10%
15%
USDZAR
2.0%
10%
15%
20%
25%
FX-Majors
Market
MARGIN REQUIRMENT (Up to 25M)
MARGIN REQUIRMENT (25.01M-35M)
MARGIN REQUIRMENT (35.01M-50M)
MARGIN REQUIRMENT (50.01M-75M)
MARGIN REQUIRMENT (Above 75M)
AUDUSD
0.2%
0.5%
1%
2%
5%
EURUSD
0.2%
0.5%
1%
2%
5%
GBPUSD
0.2%
0.5%
1%
2%
5%
NZDUSD
0.2%
0.5%
1%
2%
5%
USDCAD
0.2%
0.5%
1%
2%
5%
USDCHF
0.2%
0.5%
1%
2%
5%
USDJPY
0.2%
0.5%
1%
2%
5%
FX-Minors & Crosses
Market
MARGIN REQUIRMENT (Up to 10M)
MARGIN REQUIRMENT (10.01M-20M)
MARGIN REQUIRMENT (20.01M-35M)
MARGIN REQUIRMENT (35M-50M)
MARGIN REQUIRMENT (Above 50M)
AUDCAD
0.2%
0.5%
2%
3%
5%
AUDCHF
0.2%
0.5%
2%
3%
5%
AUDJPY
0.2%
0.5%
2%
3%
5%
AUDNZD
0.2%
0.5%
2%
3%
5%
CADCHF
0.2%
0.5%
2%
3%
5%
CADJPY
0.2%
0.5%
2%
3%
5%
CHFJPY
0.2%
0.5%
2%
3%
5%
EURAUD
0.2%
0.5%
2%
3%
5%
EURCAD
0.2%
0.5%
2%
3%
5%
EURCHF
0.2%
0.5%
2%
3%
5%
EURGBP
0.2%
0.5%
2%
3%
5%
EURJPY
0.2%
0.5%
2%
3%
5%
EURNZD
0.2%
0.5%
2%
3%
5%
GBPAUD
0.2%
0.5%
2%
3%
5%
GBPCAD
0.2%
0.5%
2%
3%
5%
GBPCHF
0.2%
0.5%
2%
3%
5%
GBPJPY
0.2%
0.5%
2%
3%
5%
GBPNZD
0.2%
0.5%
2%
3%
5%
NZDCAD
0.2%
0.5%
2%
3%
5%
NZDCHF
0.2%
0.5%
2%
3%
5%
NZDJPY
0.2%
0.5%
2%
3%
5%
FX-Exotics
Market
MARGIN REQUIRMENT (Up to 5M)
MARGIN REQUIRMENT (5.01M-10M)
MARGIN REQUIRMENT (10.01M-20M)
MARGIN REQUIRMENT (20.01M-50M)
USDNOK
1.0%
2%
3%
5%
USDSEK
1.0%
2%
3%
5%
USDDKK
1.0%
2%
3%
5%
EURNOK
1.0%
2%
3%
5%
EURSEK
1.0%
2%
3%
5%
USDHKD
1.0%
2%
4%
6%
USDCNH
1.0%
2%
4%
6%
USDMXN
1.0%
2%
4%
6%
USDSGD
1.0%
2%
4%
6%
USDZAR
2.0%
10%
15%
20%
GBPZAR
2.0%
10%
15%
20%
GBPMXN
10.0%
15%
20%
25%
Energies Futures & Spot
Market
MARGIN REQUIRMENT (Up to 10M)
MARGIN REQUIRMENT (10.01M-20M)
MARGIN REQUIRMENT (20.01M-30M)
MARGIN REQUIRMENT (30.01M-40M)
UK Oil
0.5%
1.0%
3.0%
4.0%
US Oil
0.5%
1.0%
3.0%
4.0%
US Oilxx
0.5%
1.0%
3.0%
4.0%
UK Oilxx
0.5%
1.0%
3.0%
4.0%
Market
MARGIN REQUIRMENT (Up to 2M)
MARGIN REQUIRMENT (2.01M-4M)
MARGIN REQUIRMENT (4.01M-8M)
NATGAS
5%
7.5%
15%
NATGASxx
5%
7.5%
15%
COTTON
5%
7.5%
15%
DXY
5%
7.5%
15%
USDINDEXxx
5%
7.5%
15%
Market
MARGIN REQUIRMENT (Up to 200K)
MARGIN REQUIRMENT (200K-500K)
MARGIN REQUIRMENT (500K-1M)
MARGIN REQUIRMENT (Above 1M)
CORN
5%
10%
15%
30.0%
SOY
5%
10%
15%
30.0%
HGxx
5%
10%
15%
30.0%
COCOA
5%
10%
15%
30.0%
COFFEE
5%
10%
15%
30.0%
LSU
5%
10%
15%
30.0%
Metals
Market
MARGIN REQUIRMENT (Up to 20M)
MARGIN REQUIRMENT (20.01M - 30M)
MARGIN REQUIRMENT (30.01M-40M)
MARGIN REQUIRMENT (40.01M - 50M)
MARGIN REQUIRMENT (Above 50M)
GOLD
0.2%
1.0%
2.0%
5.0%
10.0%
SILVER
1.0%
2.0%
5.0%
10.0%
10.0%
Market
MARGIN REQUIRMENT (Up to 5M)
MARGIN REQUIRMENT (5.01M - 10M)
MARGIN REQUIRMENT (Above 50M)
Goldxx
2%
4%
10%
Silverxx
2%
4%
10%
Indices Futures
Market
MARGIN REQUIRMENT (Up to 10M)
MARGIN REQUIRMENT (10.01M-20M)
MARGIN REQUIRMENT (20.01M-30M)
MARGIN REQUIRMENT (30.01M-40M)
US30xx
1%
2.0%
3.0%
5.0%
US500xx
1%
2.0%
3.0%
5.0%
USTECxx
1%
2.0%
3.0%
5.0%
UK100xx
1%
2.0%
3.0%
5.0%
DAXXX
1%
2.0%
3.0%
5.0%
Indices Spot
Market
MARGIN REQUIRMENT (Up to 20M)
MARGIN REQUIRMENT (20.01M-30M)
MARGIN REQUIRMENT (30.01M-40M)
US30
1%
2.0%
3.0%
US500
1%
2.0%
3.0%
USTEC 100
1%
2.0%
3.0%
Australian 200
1%
2.0%
3.0%
Germany 30
1%
2.0%
3.0%
Spain 35
1%
2.0%
3.0%
France 40
1%
2.0%
3.0%
Hong Kong 50
1%
2.0%
3.0%
Japan 225
1%
2.0%
3.0%
EU Stocks 50
1%
2.0%
3.0%
Switzerland 20
1%
2.0%
3.0%
UK 100
1%
2.0%
3.0%
MSCI (Singapore)
1%
2.0%
3.0%
China50
1%
2.0%
3.0%
INDIA50
1%
2.0%
3.0%
Indices Vix
Market
MARGIN REQUIRMENT (Up to 200K)
MARGIN REQUIRMENT (200K-500K)
MARGIN REQUIRMENT (500K-1M)
MARGIN REQUIRMENT (Above 1M)
VIX
15%
20%
25%
35%
Equities
Market
MARGIN REQUIRMENT (Up to 50K)
MARGIN REQUIRMENT (50k-200k)
MARGIN REQUIRMENT (200K-500K)
MARGIN REQUIRMENT (500K-750K)
MARGIN REQUIRMENT (750K-1M)
MARGIN REQUIRMENT (1M+)
Europe
5%
10%
15%
20%
30%
40%
UK (X100)
5%
10%
15%
20%
30%
40%
US
5%
10%
15%
20%
30%
40%
Cryptocurrency
Market
MARGIN REQUIRMENT (Up to 50K)
MARGIN REQUIRMENT (50k-200k)
MARGIN REQUIRMENT (200K-500K)
MARGIN REQUIRMENT (500K+)
Bitcoin
5%
10%
25%
50%
Ethereum
5%
10%
25%
50%
Litecoin
5%
10%
25%
50%
Ripple
5%
10%
25%
50%
Bitcoin Cash
5%
10%
25%
50%
Net Open Position
FX Majors
NOP
AUDUSD
75,000,000
EURUSD
75,000,000
GBPUSD
75,000,000
NZDUSD
75,000,000
USDCAD
75,000,000
USDCHF
75,000,000
USDJPY
75,000,000
FX-Minors & Crosses
NOP
50,000,000
FX Exotics
NOP
25,000,000
Futures Commodities
NOP
US Oilxx
30,000,000
UK Oilxx
30,000,000
Natural Gas Spot
NOP
NATGAS
5,000,000
Metals Futures
NOP
Gold Future
30,000,000
Silver Future
30,000,000
Metals Spot
NOP
XAUUSD
50,000,000
XAGUSD
50,000,000
Futures Indices
NOP
DE30xx
30,000,000
US30xx
30,000,000
US500xx
30,000,000
USTECxx
30,000,000
UK100xx
30,000,000
Cash Indices
NOP
US 30
30,000,000
US 500
30,000,000
USTEC 100
30,000,000
Australian 200
30,000,000
Germany 30
30,000,000
Spain 35
30,000,000
France 40
30,000,000
Hong Kong 50
30,000,000
Japan 225
30,000,000
EU Stocks 50
30,000,000
Switzerland 20
30,000,000
UK 100
30,000,000
China50
30,000,000
Equities
NOP
5,000,000
Pending Orders
Clients shall calculate the account equity when reaching the pending order price, to
maintain required real-time margin for the execution of pending orders.
While pending orders would be automatically cancelled if the margin level is not enough for
the execution of the transaction when the price level has been reached.
Hedged Positions
Hedging positions (trading long and short on the same instrument) is enabled on Miles
Capital's
trading platforms. Customers can choose whether to execute a hedged position which reduces
the margin requirements.
Holding a hedged position does not lock in the profit/loss or guarantee the equity in the
account. Hedged positions will continue to be subject to swap rates.
Open positions on hedged accounts may be closed in the event of spread widening due to thin
liquidity and/or when the equity of the account reaches the stop out level.
Scalping Trading Policy
We allow scalping trades but will not permit excessive scalping in any account. If we
deem the level of scalping as excessive, we reserve the right to enforce a reduction in
the scalping ratio before being eligible for a withdrawal.
We define excessive scalping as a ratio of greater than 20% of a client’s overall
trades.
We define a scalping trade as a trade in any instrument that is opened and closed within
180 seconds.
What is a complaint?
A complaint is: An expression of dissatisfaction made to or about us; related to our
products, services, staff or our handling of a complaint, where a response or resolution
is explicitly or implicitly expected or legally required
How we will deal with your complaint: We will acknowledge receipt of your complaint and
try to resolve it as quickly as possible.
We will provide you with our written reasons for the outcome of your complaint according
to our “internal dispute resolution response“ within the following timeframes where:
- Standard complaints: No later than 30 calendar days after receiving your complaint
- Traditional trustee complaints: No later than 45 calendar days after receiving your
complaint
Order Execution
Quotes by Miles Capital fluctuate according to the prices of our over 20 bank liquidity
providers.
In the case of special market conditions (e.g. data, news, market opening and closing
hours), there may be a price gap or widening spreads. Orders would be executed in
accordance with spreads available at the time.
In consideration of possible gaps, Customers should consider to close their positions
prior to the weekend.
If any disputes shall arise regarding order execution, please feel free to contact our
24-hour online customer service or call our 24-hour hotline, our customer service staff
will notify the trading desk in real time. If you are not satisfied with the result,
please email our technical department with your account number, order number, result,
and your opinion. If you hold an open position, please close the position and appeal
based on your trading intention. If the order is retained out of your will, you shall
take full responsibility for profit and loss caused due to fluctuations in the market
during the complaint period. Miles Capital reserves the right of final explanation of
this statement.
If your account has not been trading for three consecutive months, it will be archived
as inactive. For inactive accounts, Miles Capital may charge a monthly maintenance fee
of $60 each month.
Risk statement: An investment in derivatives may mean investors may
lose an amount even greater than their original investment. Anyone
wishing to invest in any of the products mentioned in milescap.com
should seek their own financial or professional advice. Trading of
securities, forex, stock market, commodities, options and futures may
not be suitable for everyone and involves the risk of losing part or all
of your money. Trading in the financial markets has large potential
rewards, but also large potential risk. You must be aware of the risks
and be willing to accept them in order to invest in the markets. Don't
invest and trade with money which you can't afford to lose. Forex
Trading are not allowed in some countries, before investing your money,
make sure whether your country is allowing this or not.You are strongly
advised to obtain independent financial, legal and tax advice before
proceeding with any currency or spot metals trade. Nothing in this site
should be read or construed as constituting advice on the part of Miles
Capital Limited or any of its affiliates, directors, officers or
employees. Information on this site is not directed at residents in any
country or jurisdiction where such distribution or use would be contrary
to local law or regulation.
Restricted Regions: Miles Capital Limited does not provide services for
citizens/residents of the United States, Cuba, Iraq, Myanmar, North
Korea, Sudan, Iran, Somalia, Syrian Arab Republic, Yemen, Republic of
Congo. The services of Miles Capital Limited are not intended for
distribution to, or use by, any person in any country or jurisdiction
where such distribution or use would be contrary to local law or
regulation.
Miles Capital Limited is regulated under The Financial Services
Commission (FSC) of Mauritius.License number:GB22201008 | Company number
: 194281.
One standard lot = 100,000 units of the base currency
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