Millennium Penata Futures platform will provide clients with continuous price quotation in the form of BID and ASK.

BID will be the price referenced for short order ( sell order ) and ASK will be the price referenced for long order ( buy order )The difference between BID and ASK will be the SPREAD.

SPREAD will differ from across all products and account types.

Generally, SPREAD will be as follow:

For Major FX products, 95 percent over a year the spread will be fixed at 3-pip.

For Gold Spot, 95 percent over a year the spread will be fixed at 50-cents.

For Silver Spot, 95 percent over a year, the spread will be fixed at 3-cents.

For Asian Equity CFDs ( Asian Indices ), 95 percent over a year the spread will be fixed at either 5 or 10-pts.

For Cross Pair FX products (that still falls under G8 category), 95 percent over a year the spread will be fixed starting from 4-pip.

For other products not listed above, a floating spread will be applied. A floating spread means that the distance between BID and ASK may not be the same for every ticks.

Chart across all our platforms are based on the BID price

• Sell Limit and Sell Stop, execution of pending orders will be based from the BID price
• Buy Limit and Buy Stop, execution of pending orders will be based from the BID plus the spread
• Take Profit and Stop Loss on buy order, execution will be based on BID price
• Take Profit and Stop Loss on sell order, execution will be based on BID plus the spread

Order made in the platforms may incur charges. The charges may differ across platforms and account types.Transaction charges may contain one or all of the following:

1. Commission
2. Swap
3. Rollover of Contracts

Commission charges may be charged upon execution of your trades and different types and amount of commission charges will depend on account types.

Swap charges may be charged to your open positions when your open positions are roll-overed to the next trading day.

3-day swap charges are usually applied on Wednesday to cover rollover cost during weekends.

Commission charges are generally fixed-type. Swap charges, however, may differ from time to time.

Client’s positions may be cancelled for the following, but not limited to, reasons:

• Untrue trades
• Scalping trades

Millennium Penata Futures shall have the right to annul and/or reverse any trades which are deemed untrue or opened at a fictitious price not existing on the market at the time of opening or closing.

Millennium Penata Futures’s trading policy is not adapted for trading techniques commonly known as “scalping” or “picking”(“Scalping”).

In the event of Customer employing the Scalping techniques, MPF at it’s sole discretion may take one or more or any portion of , the following actions:

1. Close customer’s account;
2. Suspend the customer’s account for indefinite period of time;
3. Charge a penalty fee for customer in the same or greater amount of money that resulted from customer using Scalping techniques;
4. Cancel a portion or a whole of client’s trades.

Millennium Penata Futures guarantees the availability of access to the trading platform to the majority of clients. However, the company are not able to guarantee that platform access may be available to all of the clients due to circumstances beyond the company control such as partial internet disconnection from some regions.

If under rare cases that clients are unable to connect to MPF trading platform, clients are advised to conduct his/her execution by phone to Millennium Penata Futures trading desk at (+6221) 624-3430. An additional charge will be applied to trading by phone.

In the case that Millennium Penata Futures trading platform is inaccessible as a whole, clients will not be charged for making their trades by phone.

Millennium Penata Futures guarantees fulfillment of stop buy/sell orders for majority of time at the client’s requested price. However, under certain circumstances and events where price volatility becomes too volatile, it is impossible for MPF to fulfill stop buy/sell orders at client’s requested price. In the case that such circumstances and events triggered, MPF will fulfill client’s stop buy/sell orders at the next possible ticks (market price). Please refer to the signed Trading Rules for conditions that fall under this circumstances and events.