We trade on FOREX, the largest financial market in the world to increase your income at the expense of exchange rate and gold price volatility and protect you against currency risks. The high liquidity and trading 24 hours a day are counted as the main advantages of FOREX.
TKB dealers will help you with investing projects so that you gain maximum profit. We offer optimal service conditions providing prompt information and consultation facilities and assistance in execution of currency operations without supply, where the amount of transactions exceeds the amount of minimal initial cover. We ensure that conclusion of a transaction is simple, i.e. you only need to call the Bank.
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Basic regulations of transaction execution.
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Minimal initial cover (initial margin) - 2 000 USD
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Range of currencies (including gold) and minimum amounts of transactions
| EUR/USD |
100 000 EUR |
| USD/CHF |
100 000 USD |
| USD/JPY |
100 000 USD |
| GBP/USD |
100 000 GBP |
| EUR/JPY |
100 000 EUR |
| EUR/GBP |
100 000 EUR |
| EUR/CHF |
100 000 EUR |
| GBP/JPY |
100 000 GBP |
| GBP/CHF |
100 000 GBP |
| USD/CAD |
100 000 USD |
| AUD/USD |
300 000 AUD |
| XAU/USD |
100 OZ |
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Required cover (Margin requirement) - 1% of the amount of the transaction. |
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No commission is charged for the transaction.
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Transactions are concluded without actual supply of currencies. |
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The Client is obliged to close the opened position by an appropriate reverse transaction. If the position remains open till the end of the trading day, obligations are carried forward to the next value date by means of a SWAP deal. |
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In the mature market conditions the spread (difference between the price to buy and sell) of transactions in major currencies is 3-5 basic units, currency cross for transactions in major currencies is 10-15 units. |
Types of orders:
Stop, Limit, OCO, GTC, Day order.
Office hours:
every banking day from 9:00 to 18:00 (local time in Latvia), around the clock execution of your orders.
A sample currency transaction
Your initial cover (deposit) is 2 000 USD.
You have decided to buy 100 000 EUR against USD, believing that the euro will strengthen. After giving a call to the Bank and receiving the quotation of 1,3115, you buy EUR. The required cover for this position is - 1% of 100 000 EUR = 1 315 USD. Your initial cover is sufficient to make this transaction. If the euro rate increases, according to your preliminary forecast, for example, up to 1. 3200 and you opt to sell EUR, the profit will amount to 850 USD (=100 000x(1.3200-1.3115)) and total assets will accordingly amount to 2 850 USD.
If you wish to apply for this service and:
You are our current client
contact your Private banker or Dealer of the Bank,
sign the Agreement on Execution of Currency and Gold Trading Operations, and
pay the initial cover.
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