Rollover Fees

Deposits

Traders can open up an account with an initial deposit of $200 and start trading. Accounts at Ontega are denominated in US Dollars, so all trading deposits will be converted into the base currency of the trading account (US Dollars).

Credit-Out Rule

In case of absence of any trading activity for a period of at least forty five (45) days, the Company reserves the right to apply the credit-out rule and remove any trading credit that exists in the Client Account, provided that (i) no open positions and/or entry orders exist on the Client Account; (b) no positions were opened and/or closed within the last 45 days; and/or (c) no deposit transaction was made within the last 45 days.

Inactive Account

Whereas the Client Account has been inactive for a certain period of time, the Company is entitled as per the Customer Trading Agreement, to charge the Client Account with an Inactivity Fee.
“Inactivity” shall mean where the Client within the firsts quarter, or any other quarter following the activation of his account, has not proceed to the following:
– has not proceeded to the First Trading Deposit (“FTD”) since the opening of his account
– has not proceeded to any trade
– no position has been opened in a certain quarter
– following the previous quarter, no new positions were opened
– the Client although has proceeded with either FTD or a deposit, has not opened any position.

The Inactivity Fee shall be $500 per each year’s quarter, in order to maintain the Client Account, assuming that the Client Account has the available funds. If the Client’s Account maintains a balance lesser than $500 and has been inactive as described above, then the Company reserves the right to charge a lower amount to cover administrative expenses and close down the account.

Trading Hours

With Ontega, clients have access to the markets anytime they are open – from 22:00 GMT on Sunday night until 22:00 GMT on Friday night. CFDs have different operating hours, depending on the location of the market:
• US Market CFDs are traded from 2:30 – 9:00 GMT (Winter time) & 1:30 pm – 8:00 pm GMT (Summer time), Mondays to Fridays.
• European & British Market CFDs are traded from 8:00 am – 4:30 pm GMT & 7:00 am – 3:30 pm (summer time), Mondays to Fridays.

Margin Liquidation

Margin liquidation happens when trader’s account equity reaches zero and as a result, all positions are closed automatically. In this way Ontega protects the client’s trading account from reaching a negative balance and being liable for an amount exceeding his/her deposit.

Market Conditions

Due to our policy of no slippage, spot orders will be executed at the price you click/quote, during regular foreign exchange market conditions. During volatile market conditions clients receive consistent ask (buy) and bid (sell) prices with fixed spreads. Spot orders will be executed at the price the trader quoted.