Common trading issues
1. Is there any overnight charge?
Tiger Brokers does not charge for overnight futures position but may raise margin requirements at the end of the day to better manage trading risk.
2. Is $3000 the minimum deposit requirement for Tiger Brokers trading account?
Prime account of Tiger Brokers is subject to no requirement for minimum deposit.
3. Occurrence of forced liquidation
According to trading rules, Tiger Brokers can conduct forced liquidation without notifying clients in advance.
Occurrence of forced liquidation, including but not limited to the following:
(1) Account risk degree > 100%,
Explanation: The risk degree represents the current account risk level. The smaller the risk value, the safer the account position. Risk degree = Maintenance margin/Total equity
(2) 3 trading days prior to Contract expiry date (first notice day or last trading day)
(3) Account risk degree > 100% due to posting the debit interest and other fees at the beginning of the month;
(4) Other conditions caused by Exchange or regulatory authority regulations.
4. What is futures Main and Continuous Contract?
Each futures contract has a set expiry date, after which the contract is not tradable. It is usually traded for a few months from start to end. In order to check the price movement of the Contract in a longer time range, the concept of " Main and Continuous Contract" is created. "main contract" refers to the Contract with the most active trading volume at present. "continuous" can be interpreted as "connecting" the market price of each most active trading contract together. The Main and Continuous contract is not tradable. Trading the Main and Continuous contract is actually trading the currently most active contract. If you are trading in a Main and Continuous contract, please be aware of the impact of contract expiry and rollover.
5. Can the same contract be entered into both open long and short positions at the same time (locked position)?
Global futures do not support the same contract with both open long and short positions simultaneously.
6. Can it trade 0.1 standard lot?
No, the minimum trading unit for Futures contract is one standard lot.
The trading unit of futures is different than that of stock. In futures trading, "Contract" is the trading unit, and the minimum trading unit of futures is a standard contract which is normally called one standard lot. The contract size of different futures contracts varies differently
7. Can I use leverage?
Futures trading itself is margin trading and cannot be further financed by using leverage.
The futures contracts are traded in margin, investors can enter a futures contract after fulfilling the initial margin requirement which is a certain percentage of contract value (margin ratio less than 50%, usually about 10%). Exchange will conduct the settlement for investors’ position contracts in daily basis, and issue margin call to investors whose account cash collateral fails to meet the margin requirement requirements; futures merchant may require a higher overnight margin requirement.
8. Are the trading hours of all futures products the same?
According to the Exchange rules, the trading hours of each future products vary differently; please refer to the details in the Tiger Trade App. You may take Exchange announcement as confirmation. .
9. Service fee charge?
Opening and closing a position will charge standard commission. The Tiger website has the fee details.
The commission includes Tiger commission, exchange fee, regulatory fee and clearing fee.