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Trading Markets

Trading Markets

EARNEX DMCC as broker clearing member of DGCX offers commodities trading and clearing service as brokerage firm specialized in futures and options trading on the world’s only Middle East commodity derivatives exchange based at the strategic location at the world’s third largest re-export arena, state of the art infrastructure and easy access to large and rapidly growing regional and international markets, we are committed to provide both regional and international individual and corporate a high level of personalize brokerage and clearing service. (display the three market segments in Origami style display).

We provide our clients with access to most of the Middle East’s most liquid futures and options exchanges (DGCX). Clients can trade using online platforms or through our professionally trained dealing desk via recorded phone which is available to help place and execute trades, report filled orders, and provide support and guidance.

Our All Products

We offer online and telephone brokerage with various types of orders execution to cater the needs of investors trading futures and options. The common types of order available to investors are based on two following factors.

  1. Price Based Orders
  2. Time Based Orders
  3. Market Order
  4. Limit Order
  5. Stop Loss Order
  6. End of the session order (EOS)
  7. Good Till date (GTD)
  8. Good till cancelled (GTC)
  9. Immediate or cancel order (IOC)
  10. Stop Market Order
  11. Stop Limit Order
Market Order

With market orders, you are instructing your broker to buy or sell the options at the current market price. If you are buying, you will be paying the asking price. If selling, you will be selling at the bid price. The advantage of using market orders is that you will fill your order fast (often instantly) but the disadvantage is that you will usually end up paying slightly more, especially when the order is large and the trading volume thin.

Limit Order

With limit orders, you will specify the price you wish to transact. If you are buying, you are instructing your broker to buy at no higher than the specified price. If selling, you are telling him to sell at no less than your stated price. The advantage of using limit orders is that you are in full control of the price at which you buy or sell your options. The disadvantage is that filling the order will take some time, or the entire order may not get filled at all because the underlying stock price has moved way beyond your desired price.

Stop Loss Order

Stop loss orders are an order that only gets executed when the market price of the underlying product reaches a specified price. They are used to reduce losses when the underlying asset price moves sharply against the investor.

A sell order in the Stop Loss book is triggered when the last traded price in the normal market reaches or falls below the trigger price of the order. A buy order in the Stop Loss book is triggered when the last traded price in the normal market reaches or exceeds the trigger price of the order.

Day order: An order recorded in the trading system that will only last until the close of trading on the day in which they were given entrance into the exchange trading system. If the stated period of time has passed and the order has not been executed, the order is canceled.

End of the session order (EOS)

An order recorded in the trading system that will only last until the close of trading of the specific session on the day in which they were entered into exchange trading system. If the stated period of time has passed and the order has not been executed, the order is cancelled. At this point in time EOS & Day order implications are the same in DGCX.

Good Till date (GTD)

An order type to buy or sell commodity as a Market or Limit order, which stays active for a stated period of time unless executed or cancelled. If the stated period of time has passed and the order has not been executed, the order is cancelled. On any day if the order is beyond DPR in the stated period, the order will be cancelled at market opening.

Good till cancelled (GTC)

An order type to buy or sell a commodity that remains good until it is executed or the investor decides to cancel it or the contract expires. On any day if the order is beyond DPR in the stated period, the order gets cancelled at market opening.

Immediate or cancel order (IOC)

An order type to buy or sell as a Market or Limit order, that is to be executed fully or in part as soon as it is represented in the market, after which any portion not executed is cancelled. Currently IOC order type is available only for TWS users.

Stop Market Order

A stop market order, or simply stop order, is a market order that only executes when the underlying price trades at or through a designated price. Buy stops, designed to limit losses on short positions, are placed above current market price. Sell stops are used to protect long positions and are placed below current market price.

While the stop market order guarantees execution, the actual transacted price maybe slightly lower or higher than desired, especially when the underlying price movement is very volatile.

Stop Limit Order

A stop limit order is a limit order that gets activated only when the underlying product price trades at or through a specified price. While a stop limit order provides complete control over the transaction price, it may not get executed if the underlying price moves too quickly and the limit price is never reached.

Notice: customer should read the order execution risk discloser and understand the various risks involve during the order execution process. Type of orders mentioned here are for information purpose only, we advise clients to speak to their relationship manager or sales person at company for further information related to order execution or send us email at info@earnex.ae

Our Standard account package offers you access to our trading platforms, competitive fixed spreads and a wider range of our trading tools and added value products, plus more added benefits. You may upgrade to a higher package by depositing more funds into your trading account. Please refer to the account comparison link for information relating to the additional benefits you may receive as a result of an upgrade. Please note that any upgrade will require a review and approval from our Compliance department.

  1. Risk Disclaimer
  2. Volatility Risk
  3. Exchange Rate Risk
  4. Leverage Risk
  5. Liquidity Risk
  6. Technology Risk
  7. Misquoting Errors
  8. Spreads
  9. Market Recommendations
  10. Money Managers
  11. Distribution
  12. Third Party Links and Readings
Risk Disclaimer

Due to significant diversity in financial markets, this brief statement may not disclose all of the risks and other significant aspects of trading in financial products. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in derivatives is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in the light of your experience, objectives, financial resources and other relevant circumstances. It is advisable to seek independent advice, if necessary

Volatility Risk

The inherent concept of Derivatives means that they are not suitable for an investor seeking an income from his investments because the income from such investments may fluctuate in value in money terms. For an investment in a financial product, which is not a readily realizable investment, it may be difficult to sell or realize the investment and obtain reliable information about its value or the extent of the risks to which it is exposed.

Exchange Rate Risk

The profit or loss in transactions in foreign currency-denominated contracts will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

Leverage Risk

Transactions in derivatives carry a high degree of risk. The amount of initial margin is small relative to the value of derivates contract so that transactions are “leveraged” or “geared”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit. This may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position

Liquidity Risk

The placing of certain orders (e.g. “stop-loss” orders), which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss

Technology Risk

Trading on an electronic trading system may differ not only from trading in a traditional market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software; we cannot control, without limitation, the routing, Internet connectivity, reliability of customer. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

Misquoting Errors

In the case when a quoting error occurs due to any reason i.e. technology error, volatility or the market access method that results in a Customer deal done at an off-market price, company reserves the sole discretionary right to make the necessary corrections and adjustments to the Customer’s Account whether it be in the favour of the Customer or not in the Customer’s favour. Any change will be reported to the Customer either verbally or via an electronic method such as telephone but not limited to email.

Spreads

In the situation that the market prices change abruptly with high level of volatility or fast market, the spread of bid and offer widens or it is possible that you are unable to make transactions as client wishes. Client may have jump prices or no execution on limits and stop orders and may find their order going into pending mode for execution.

Money Managers

EARNEX DMCC is not responsible for any outcome of a client using his own money manager to trade an account on his behalf. EARNEX strongly advises each client to thoroughly investigate a money manager and his previous trading results before authorizing him to trade on one’s account. Money managers are not EARNEX employees, and simply use the EARNEX dealing desk for execution.

Market Recommendations

Any decision by the Customer to buy or sell a financial products or any traded product are an independent decisions by the Customer. Market recommendations made by EARNEX DMCC or any affiliated company or a representative of EARNEX DMCC do not constitute an offer to sell or buy any product from EARNEX DMCC or from any other source that may provide dealing prices to the Customer.

Third Party Links and Readings

No warranties are given by EARNEX and no warranties are implied regarding the content of the suggested reading material or the content of the website(s) which can be accessed through this website. EARNEX shall not be liable in any way for losses or liability of any kind to any person resulting directly or indirectly through the use in any way by such person of the information referred to and/or use of the suggested reading material or the website(s), however such loss or liability occurs, and whether financial or otherwise. The pages and the opinions or information contained in the suggested reading material or these website(s) are the creation of outside parties and do not necessarily reflect the opinions or representations of EARNEX.

The views and statements in this website are believed to be accurate and in so far as it is possible are given without responsibility for any inaccuracy or omission of fact or opinion of any value whatsoever on the part of company

Distribution

This site is not intended for distribution or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.

Holiday Name
Year 2015
New Years Day 01-Jan-2015, Thu
The Prophet’s Birthday 3-Jan-2015, Sat
Good Friday 3-Apr-2015, Fri
Eid al-Fitr (End of Ramadan) * 17-Jul-2015, Fri#
18-Jul-2015, Sat
Eid al-Adha (Feast of Sacrifice) *

 

23-Sep-2015, Wed#
24-Sep-2015, Thu#
Islamic New Year 14-Oct-2015, Wed#
National Day 02-Dec-2015, Wed
The Prophet’s Birthday 24-Dec-2015, Thu#
Christmas 25-Dec-2015, Fri

This Privacy Policy outlines how EARNEX DMCC uses the information it collects on this website. In the course of this policy, “we” “our” and “us” refer to EARNEX DMCC.

Privacy Principles

We value your privacy as much as we value ours. That’s why we at EARNEX DMCC wish to emphasize these underlying principles:

We make it a point not to ask for personal information that we don’t really need, such as your income bracket.

We won’t disclose your personal information to anybody, unless it’s for legal purposes, company and/or product development or to safeguard the rights of the company.

It is EARNEX DMCC’ policy to respect and keep private any personal information we may collect from you in the course of operating our website.

Forum Registration

For the general public, registration is not necessary to be able to use this website and download our templates for free. But to be able to participate and post in our forum, a registration form should be filled out completely with your desired username, password and email address. Your email address will be used to verify your membership and to contact you about forum related concerns. EARNEX DMCC retains sole ownership of all the information collected on this website. We do not share any personally identifying information with outside third parties.

Legal Disclaimer

EARNEX DMCC reserves the right to disclose your personally identifying information when legally required and when the information is relevant for the protection of our rights, including but not limited to compliance to a legal process or court order served to our website.

Forum User Information

If you are a forum member, please be aware that when you share or post personally identifying information, that that information can be seen, stored or utilized by other forum members whom you chose to share the information with. This may result in you receiving unsolicited messages and other forms of communication, depending on the information you shared. EARNEX DMCC will not be responsible for personally identifying information that you share or post in the forum.

Log Files

Log files contain information that is usually made available by your web browser and is stored on our web server. This non personally identifying information includes the following: browser type, language preference, referring site and the date and time of every page request. Just like most other sites, we collect this information to: have a better understanding of how our visitors use our website, be able to generate reports on the trends relevant to the usage of our website, help with website administration, analyze user activities on the site, and collect information about our user base in general. We do not link the information contained in these log files to personally identifying information and we will never distribute them to outside third parties.

Cookies and Web Beacons

A cookie is a small text file that a website stores on your computer. This file contains information that your browser provides to the website each time you return. Cookies are used for record keeping purposes. A web beacon is a transparent graphical image that serves to monitor your interaction with a website. This, along with cookies and log files, provides us with analytical information that we can use to improve website performance and user experience in general. We do not link this information to personally identifying information nor do we give this information to outside third parties. This privacy statement regarding the use of cookies and web beacons is only applicable to the EARNEX DMCC website.

Third Party Ads

Our advertising partners may use cookies and web beacons in the ads that they serve on our website. The use of such technologies will enable the advertiser to store information about your web surfing interests, so that they can show you targeted advertisements that they believe will interest you the most. Our Privacy Policy does not cover the use of cookies and web beacons in the ads of our third party advertisers.

Managing Cookies

If you do not wish to enable cookies, simply adjust your browser settings before using our website and turn off cookies for EARNEX DMCC or our third party advertisers. Bear in mind, however, that disabling cookies may affect how our site will function for you (e.g. being unable to log in).

Links to Other Sites

Our website contains links leading to other websites that are not owned or managed by us. Because we are not responsible for how these sites handle your privacy, we encourage you to check out the Privacy Policies of those other websites before giving out your personal information.

Changes

EARNEX DMCC reserves the right to change this Privacy Policy as it deems necessary. A notification will be posted on this page, on the homepage of this website, and on other pages deemed appropriate, so that you’ll always know what information we collect