In our continued practice of full transparency and providing the best possible trading conditions for all clients, we would like to inform you of some minor changes applicable to your trading account.

As a result of increased costs from Liquidity Providers that are beyond our control, a Carry charge will be applied on selected currency pairs when holding overnight positions beyond a 7 day period. Any positions held open within the first 7 days are done so with no charge whatsoever.

Following the seventh day, the Carry charge is automatically applied on a daily basis in accordance with the table below (the Carry charge is expressed in USD per standard lot):

	Short	Long		Short	Long		Short	Long
AUDCAD	-10	-2	EURAUD	-2	-12	GBPNZD	-2	-10
AUDCHF	-12	-2	EURHUF	-2	-20	USDHUF	-2	-15
AUDJPY	-10	-2	EURPLN	-2	-15	USDPLN	-2	-15
AUDNZD	-5	-1	EURRON	-1	-2	USDTRY	-2	-20
AUDUSD	-5	-1	GBPAUD	-2	-15	USDZAR	-2	-15

Any clients that already have open positions for more than 7 days will start getting charged the Cost of Carry as of end of day Thursday the 21st of March 2013 (only on the instruments outlined in the above table)

If you have any questions please do not hesitate to contact our dedicated customer support team via email, live chat, or by telephone on +44 2033185978.

Best Regards,

The HotForex Execution Team

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