Account Types

Account Types

At Swiss Markets we currently offer two distinct account types, STP Classic and STP Raw, both of which follow a straight through processing model.

QuickTabs - Account Types

Forex

Foreign exchange was the first truly democratic asset class. As a decentralised, over-the- counter market, it’s the perfect instrument for trading over the Internet. Thanks to the innovation of CFDs (contracts for difference), which allowed currencies to be traded without a delivery date, retail forex trading has exploded across the globe. Forex is traded 24 hours per day, 5 days a week, with each 24 hour period being divided into three trading sessions as different financial centres across the globe open for business. The global forex market is the largest and most liquid market on earth, with a daily turnover in excess of $5 trillion and ample trading opportunities for traders participating in its Asian, European and North American sessions.

INFORMATION

Precious Metals

While forex trading is one of the newest and most innovative forms of trading. The exchange of precious metals is probably the most ancient. Owing to their scarcity and difficulty of extraction, precious metals have always been regarded as stores of value. Even today, in our hyper-connected, technologically advanced age, gold and silver are still highly valued commodities and safe haven assets. Money routinely flows into precious metals whenever there is even a hint of an economic downturn. Gold, for example, is inversely correlated with the US dollar because investors typically sell dollars to buy gold during times of economic uncertainty. Silver is positively correlated with gold, often mirroring its movements, however it’s use in industry makes its price more dependant on supply and demand than that of gold.

Energies

Energies such as crude oil and natural gas are highly important to the global economy because without them our modern industrial democracies would not be possible. Everything we consume, from the food that we eat to the devices that we use, require energy in their manufacture, packaging and distribution. Energy traders gain unique insights into global economic health as the price of these commodities is directly related to supply chain dynamics that affect almost all other assets. For example, during times of economic slowdown, the demand for crude oil drops and stockpiles increase. Energy traders also have to be well-versed in geopolitics, as the shifting allegiances between nation states are often directly related to the availability of this most vital of commodities.

Commodities

Commodities are divided into two broad types; hard commodities and soft commodities. Soft commodities, also known as agricultural commodities (or softs), are are originally cultivated from the ground such as cocoa, coffee, cotton and sugar. Hard commodities are those that are extracted from the earth, such as copper, precious metals and crude oil. In order for a commodity to be tradable, it has to be of a standardised quality and quality, also known as a basis grade. This is so that commodities from different producers can be interchangeable when traded over an exchange.

Stock Indices

Stock indices are measures of the aggregated performance of a certain stock market or industrial sector. For instance, the S&P 500 is composed of stocks from 500 companies traded on the NASDAQ and NYSE stock exchanges. Similarly, the NASDAQ-100 tracks securities that are issued by the 100 largest non-financial companies listed on the NASDAQ. Stock indices are not purchasable in the same way as the securities they comprise. Their rise and fall is determined by the collective performance of all the public companies factored in their calculation and they are traded by investors through the use of derivative instruments such as CFDs.

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