A Qualifying Trade for each market is equal to the volume stated in the following table. Any combination of opening and closing trades, in any markets, can be used to meet qualifying trade requirements. For example, opening and closing a standard lot FX trade equals 200,000 in volume. Further examples can be found below the table.
Currencies
| Market |
Volume Required |
Unit Type |
| All currency pairs (excl HKD) |
200 |
Micro Lots |
Metals
| Market |
Volume Required |
Unit Type |
| Copper |
100,000 |
Pounds |
| Palladium |
200 |
Troy Ounces |
| Platinum |
200 |
Troy Ounces |
| Spot Silver (all XAG pairs) |
10,000 |
Ounces |
| Spot Gold (all XAU pairs) |
200 |
Ounces |
Commodities
| Market |
Volume Required |
Unit Type |
| CORN |
50,000 |
Bushel |
| COTTON |
350,000 |
Pounds |
| HTGOIL |
100,000 |
Gallons |
| Sugar |
1,500,000 |
Pounds |
| Soybean |
20,000 |
Bushel |
| UKOIL |
5,000 |
Barrel |
| USOIL |
5,000 |
Barrel |
| Wheat |
50,000 |
Bushel |
Indices
| Market |
Volume Required |
Unit Type |
| AUS200 |
50 |
Contract |
| ESTX50 |
50 |
Contract |
| FRA40 |
50 |
Contract |
| GER40 |
20 |
Contract |
| HK50 |
60 |
Contract |
| JPN225 |
2,000 |
Contract |
| JPN226 |
50 |
Contract |
| JPN227 |
50,000 |
million British Thermal Units (mmBTU) |
| SPX500 |
100 |
Contract |
| UK100 |
20 |
Contract |
| US30 |
10 |
Contract |
Example: The example below represents a customer’s trade activity in fulfilling a 25 Qualifying Trade requirement.
Example Qualifying Trades
| Market |
Volume Required |
Volume Traded |
Qualifying Trades Earned |
| EUR/USD |
200,000 |
2,100,000 |
10.5 |
| XAG/USD |
10,000 |
160,000 |
16 |
| USOIL |
5,000 |
30,000 |
6 |
| Corn |
50,000 |
430,000 |
8.6 |
| SPX500 |
100 |
440 |
4.4 |
| Total Qualifying Trades Earned |
26.5 |
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