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How do I check an instrument's trading conditions?

Spread, trading hours, swaps and more

A
Written by Alex Nicholas

These steps are for MT5 on desktop. Menus differ in the web and mobile versions.

  1. In Market Watch, right-click the instrument.

  2. Choose Specification.

The Specification window shows:

  • the spread, and the contract size (the number of units in one lot)

  • the smallest and largest trade size, and the step between sizes

  • the stops level: how close to the current price you can place a Stop Loss, Take Profit or pending order

  • swap rates for buy and sell positions, and which days are charged extra

  • trading sessions for each day of the week

  • commission, where it applies

  • margin requirements

Margin figures are worked out when you open the window, so treat them as a guide. Close and reopen it for updated figures.

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