Please be advised that with regards to the upcoming Sony 5 for 1 stock split, before market open on Wednesday October 9th, we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset.
For any open trades that are still active after market close on Tuesday the 8th of October, we will adjust the entry price and the volume of the trades to reflect the 5 to 1 split. During a 5 to 1 split, holders of physical shares of Sony will be given 5 shares of Sony for each share they hold at market close on Tuesday the 8th of October. If someone holds 10 shares, he will have 50 shares after the split.
To reflect this action on the CFD offered on our trading platforms, entry price of long or short positions will be divided by 5, and Volume (size) of long or short positions will be multiplied by 5. The closing price on Tuesday the 8th of October will also be divided by five on our platforms to reflect the corporate action of the split.
Any pending orders, take profit or stop loss orders that are still active after market close on Tuesday the 8th of October, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Sony shares will trade on Wednesday 9th of October, after the split.
Example of adjustment of a client holding a long position:
Volume 0.15 lots (i.e., 15 share CFDs) opened in October, at price of 90.00 USD per share and theoretical closing price on Tuesday the 8th of October at 95.00 USD per share. At this point the client is gaining 5 USD per share, multiplied by 15 shares = 75 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 0.75 lots (i.e., 75 shares) at an adjusted opening price of 18.00 USD per share (90/5). The adjusted closing price will be 19.00 USD per share (95/5). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 75 shares X 1.00 USD profit per share = 75 USD profit.
Margins requirements will not be affected by the adjustments.
If the event dates and/or trading conditions change you will be notified accordingly.
Please be advised that with regards to the upcoming Nvidia 10 for 1 stock split, before market open on Monday June 10th, we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset.
For any open trades that are still active after market close on Friday the 7th of June, we will adjust the entry price and the volume of the trades to reflect the 10 to 1 split. During a 10 to 1 split, holders of physical shares of Nvidia will be given 10 shares of Nvidia for each share they hold at market close on Friday the 7th of June. If someone holds 10 shares, he will have 100 shares after the split.
To reflect this action on the CFD offered on our trading platforms, entry price of long or short positions will be divided by 10, and Volume (size) of long or short positions will be multiplied by 10. The closing price on Friday the 7th of June will also be divided by ten on our platforms to reflect the corporate action of the split.
Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 7th of June, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Nvidia shares will trade on Monday 10th of June, after the split.
Example of adjustment of a client holding a long position:
Volume 0.15lots (i.e., 15 share CFDs) opened in June, at price of 1160.00 USD per share and theoretical closing price on Friday the 7th of June at 1190.00 USD per share. At this point the client is gaining 30 USD per share, multiplied by 15 shares = 450 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 1.5 lots (i.e., 150 shares) at an adjusted opening price of 116.00 USD per share (1160/10). The adjusted closing price will be 119.00 USD per share (1190/10). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 150 shares X 3.00 USD profit per share = 450 USD profit.
Margins requirements will not be affected by the adjustments.
If the event dates and/or trading conditions change you will be notified accordingly.
Please be advised that with regards to the upcoming Walmart 3 for 1 stock split, before market open on Monday February 26th, we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset.
For any open trades that are still active after market close on Friday the 23rd of February, we will adjust the entry price and the volume of the trades to reflect the 3 to 1 split. During a 3 to 1 split, holders of physical shares of Walmart will be given 3 shares of Walmart for each share they hold at market close on Friday the 23rd of February. If someone holds 10 shares, he will have 30 shares after the split.
To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 3, and Volume (size) of long or short positions will be multiplied by 3. The closing price on Friday the 23rd of February will also be divided by three on our platforms to reflect the corporate action of the split.
Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 23rd of February, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Walmart shares will trade on Monday 26th of February, after the split.
Example of adjustment of a client holding a long position:
Volume 0.15lots (i.e., 15 share CFDs) opened in February, at price of 180.00 USD per share and theoretical closing price on Friday the 23rd of February at 210.00 USD per share. At this point the client is gaining 30 USD per share, multiplied by 15 shares = 450 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 0.45 lots (i.e., 45 shares) at an adjusted opening price of 60.00 USD per share (180/3). The adjusted closing price will be 70.00 USD per share (210/3). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 45 shares X 10.00 USD profit per share = 450 USD profit.
Margins requirements will not be affected by the adjustments.
If the event dates and/or trading conditions change you will be notified accordingly.
Please be advised that on the 21st of January we will change the server’s name from Olo-Platforms to FxNet Limited. Therefore, in order to be able to login to your account after the change you should follow the steps below.
We remain at your disposal for any further assistance you might need.
Note: Once we update the links on the website, we will inform you via email and we will make an announcement on the website.
Please be advised that from 00:00 to 01:00 platform time on the 25th of August we will be performing platform maintenance and trading will not be available during this time. Apologies for any inconvenience.
Please be advised that with regards to the upcoming Tesla 3 for 1 stock split, after market close on Wednesday August 24th , we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset:
For any open trades that are still active after market close on Wednesday the 24th of August, we will adjust the entry price and the volume of the trades to reflect the 3 to 1 split. During a 3 to 1 split, holders of physical shares of Tesla will be given 3 shares of Tesla for each share they hold at market close on Wednesday the 24th of August. If someone holds 10 shares, he will have 30 shares after the split.
To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 3, and Volume (size) of long or short positions will be multiplied by 3. The closing price of Wednesday the 24th of August will also be divided by three on our platforms to reflect the corporate action of the split.
Any pending orders, take profit or stop loss orders that are still active after market close on Wednesday the 24th of August, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Tesla shares will trade on Thursday 25th of August, after the split.
Example of adjustment of a client holding a long position:
Volume 0.15lots (i.e., 15 share CFDs) opened in August, at price of 900.00 USD per share and theoretical closing price of Wednesday the 24th of August at 950.00 USD per share. At this point the client is gaining 50 USD per share, multiplied by 15 shares = 750 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 0.45 lots (i.e., 45 shares) at an adjusted opening price of 300.00 USD per share (900/3). The adjusted closing price will be 316.66 USD per share (950/3). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 45 shares X 16.66 Usd profit per share = 750 Usd profit.
Example of adjustment of a client holding a short position:
Volume 0.15lots (i.e., 15 share CFDs) opened in August, at price of 900.00 USD per share and theoretical closing price of Wednesday the 24th of August at 800.00 USD per share At this point the client is gaining 100 USD per share, multiplied by 15 shares = 1,500 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 0.45 lots (i.e., 45 shares) at an adjusted opening price of 300.00 USD per share (900/3). The adjusted closing price will be 266.66 USD per share (800/3). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 45 shares X 33.33Usd profit per share = 1,500 Usd profit.
Margins requirements will not be affected by the adjustments.
If you wish to avoid receiving adjustments on open positions, you may proceed and close the open trades before market close on Wednesday the 24th of August.
If the event dates and/or trading conditions change you will be notified accordingly.
Please be advised that with regards to the upcoming Alphabet (Google) 20 for 1 stock split, during the weekend after market close of Friday July 15th , we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset:
For any open trades that are still active after market close on Friday the 15th of July, we will adjust the entry price and the volume of the trades to reflect the 20 to 1 split. During a 20 to 1 split, holders of physical shares of Alphabet(Google) will be given 20 shares of Alphabet(Google) for each share they hold at market close on Friday 15th of July. If someone holds 10 shares, he will have 200 shares after the split.
To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 20, and Volume (size) of long or short positions will be multiplied by 20. The closing price of Friday 15th of July will also be divided by twenty on our platforms to reflect the corporate action of the split.
Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 15th of July, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Alphabet(Google) shares will trade on Monday 18th of July, after the split.
Example of adjustment of a client holding a long position:
Volume 0.15lots (i.e., 15 share CFDs) opened in July, at price of 2,200.00 USD per share and theoretical closing price of Friday July 15th at 2,300.00 USD per share. At this point the client is gaining 100 USD per share, multiplied by 15 shares = 1,500 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 115.00 USD per share (2,300/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 5 Usd profit per share = 1,500 Usd profit.
Example of adjustment of a client holding a short position:
Volume 0.15lots (i.e., 15 share CFDs) opened in July, at price of 2,200.00 USD per share and theoretical opened in July, at price of 2,200.00 USD. At this point the client is gaining 200 USD per share, multiplied by 15 shares = 3,000 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 100.00 USD per share (2,000/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 10 Usd profit per share = 3,000 Usd profit.
Margins requirements will not be affected by the adjustments.
If you wish to avoid receiving adjustments on open positions, you may proceed and close the open trades before market close on Friday July the 15th.
If the event dates and/or trading conditions change you will be notified accordingly.
Please be advised that with regards to the upcoming Amazon 20 for 1 stock split, during the weekend after market close of Friday June 3rd, we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset:
For any open trades that are still active after market close on Friday the 3rd of June, we will adjust the entry price and the volume of the trades to reflect the 20 to 1 split. During a 20 to 1 split, holders of physical shares of Amazon will be given 20 shares of Amazon for each share they hold at market close on Friday 3rd of June. If someone holds 10 shares, he will have 200 shares after the split.
To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 20, and Volume (size) of long or short positions will be multiplied by 20. The closing price of Friday 3rd of June will also be divided by twenty on our platforms to reflect the corporate action of the split.
Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 3rd of June, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Amazon shares will trade on Monday 6th of June, after the split.
Example of adjustment of a client holding a long position:
Volume 0.15lots (i.e., 15 share CFDs) opened in May, at price of 2,200.00 USD per share and theoretical closing price of Friday June 3rd at 2,300.00 USD per share. At this point the client is gaining 100 USD per share, multiplied by 15 shares = 1,500 USD profit excluding swaps and/or other fees.
After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 115.00 USD per share (2,300/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 5 Usd profit per share 1,500 Usd profit.
Example of adjustment of a client holding a short position:
Volume 0.15lots (i.e., 15 share CFDs) opened in May, at price of 2,200.00 USD per share and theoretical closing price of Friday June 3rd at 2,300.00 USD per share. At this point the client is losing 100 USD per share, multiplied by 15 shares = 1,500 USD loss excluding swaps and/or other fees.
After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 115.00 USD per share (2,300/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 5 Usd loss per share = 1,500 Usd loss.
Margins requirements will not be affected by the adjustments.
If you wish to avoid receiving adjustments on open positions, you may proceed and close the open trades before market close on Friday June the 3rd.
If the event dates and/or trading conditions change you will be notified accordingly.