Question 1

What is TFEX?

Accepted Answer

TFEX (Thailand Futures Exchange) is the derivatives exchange of Thailand, operating as a subsidiary of the Stock Exchange of Thailand (SET) and regulated by the Securities and Exchange Commission (SEC). It serves as a center for trading futures and options contracts referenced to various asset classes, such as gold, stock indices, single stocks, and exchange rates, for investment or price risk management purposes.

Question 2

What are Futures?

Accepted Answer

Futures are standardized forward contracts where both parties agree to buy or sell an asset at a predetermined price on a specified future date. Investors can choose to open a buying position (Long Position) or a selling position (Short Position) by posting margin as required instead of paying the full contract value. Upon contract maturity, settlement is executed either via cash settlement or physical delivery of the underlying asset according to the product specifications. Investors can also close positions prior to maturity once order execution is complete.

Question 3

What documents are required to open a trading account with MTS Capital?

Accepted Answer

For Thai individual applicants, basic documents include a valid Thai National ID card and bank account proof, alongside completing the account application, electronic identity verification (e-KYC), and the Suitability Test. Document requirements may vary depending on the account type and application channel. Corporate or foreign applicants should contact account officers for specific documentation guidelines. [Note: Please confirm the exact document list, required statement period, and additional requirements with MTS Capital.]

Question 4

How long does it take for TFEX account approval and trading activation with MTS Capital?

Accepted Answer

Once all required information and documentation are submitted and identity verification/account review is completed, approval typically takes approximately 2-3 business days. Officers will notify applicants upon account approval.

Question 5

What products are available for trading on TFEX?

Accepted Answer

TFEX products are categorized into main groups as follows: • Equity and Index Derivatives: SET50 Index Futures, SET50 Index Options, Single Stock Futures • Precious Metals Derivatives: Gold Futures, Gold Online Futures, Mini Gold Online Futures, Silver Online Futures • Currency Derivatives: USD/THB Futures, EUR/THB Futures, JPY/THB Futures, Foreign Currency Futures • Agricultural Derivatives: Rubber Futures • Interest Rate Derivatives: 5-Year Government Bond Futures Please refer to official announcements for exact product specs, active contract series, and service scope available via MTS Capital.

Question 6

What global products are available for trading in international markets?

Accepted Answer

MTS Capital provides international futures trading services across various asset classes, including: • Precious Metals: Gold and Silver • Energy: Crude Oil and Natural Gas • Global Stock Indices: S&P 500, Nasdaq-100, Dow Jones, Nikkei 225, China A50 • Single Stocks: NVIDIA, SpaceX, Microsoft • Agricultural Commodities: Rubber Available products, exchanges, and contract sizes depend on account type and terms. Please review international product details or contact representatives before trading.

Question 7

What is CME?

Accepted Answer

CME (Chicago Mercantile Exchange) is a world-leading derivatives marketplace operated by CME Group in the United States, encompassing exchanges including CME, CBOT, NYMEX, and COMEX. CME Group offers trading across diverse derivatives products such as equity indices, interest rates, foreign exchange, energy, agriculture, and precious metals. Major benchmark contracts include COMEX Gold Futures and NYMEX Crude Oil Futures.

Question 8

What are the key differences between trading in TFEX and CME markets?

Accepted Answer

While both exchanges operate on standardized contract terms and margin systems, key differences include: • Underlying Assets: TFEX focuses primarily on domestic and selected international underlying assets (e.g., SET50, Gold, FX), whereas CME covers global benchmarks (e.g., US stock indices, energy, global agricultural products). • Settlement Currency: TFEX uses Thai Baht (THB) for margin requirements and P&L calculations, whereas CME uses contract-specific currencies, primarily US Dollars (USD). • Trading Hours: TFEX trades during fixed sessions per product category, while CME operates nearly 24 hours daily for many contracts. • Contract Sizes and Margins: Set according to respective exchange rules and company policies. Investors should evaluate contract value risk, liquidity, fee structures, and trading hours prior to investing.

Question 9

What applications or trading platforms are available for TFEX?

Accepted Answer

MTS Capital offers trading access through multiple platforms such as Streaming and TFEX MT5 depending on product selection. Investors can choose platforms suited to their trading strategy, technical analysis, and execution needs. Inquire with officers for supported devices and usage details. [Note: Please verify active supported platforms with MTS Capital.]

Question 10

What is the difference between Initial Margin (IM) and Maintenance Margin (MM)?

Accepted Answer

Initial Margin (IM) is the minimum required collateral needed in the account before opening a position. Maintenance Margin (MM) is the minimum equity level that must be maintained while holding positions. If account equity falls below the MM level due to losses, a Margin Call will be issued to top up the balance back to IM level. Failure to deposit funds within the specified period or reaching critical risk thresholds may result in forced liquidation (Force Close) according to company policies.

Question 11

Is there an account opening fee?

Accepted Answer

Opening a trading account with MTS Capital [has no opening fee / is subject to company rates]. Once trading transactions begin, brokerage commissions and applicable regulatory/exchange fees apply according to the chosen product and service type. Review the fee schedule or check with officers prior to trading.

Question 12

What is the minimum capital required to start trading?

Accepted Answer

Starting capital depends on the product, number of contracts, and current Initial Margin (IM) requirements, and must be sufficient to cover margin and trading fees. Investors should maintain additional buffer capital to absorb market fluctuations, as margin is merely an entry requirement, not a maximum loss limit. Any minimum initial deposit policy depends on specific account terms. [Note: Please verify minimum initial deposit policies with MTS Capital.]

Question 13

How does investing in Gold Futures differ from physical gold purchases and gold savings plans?

Accepted Answer

Suitability depends on investment goals. Physical bullion purchases or gold savings programs suit those seeking physical ownership, where bid-ask spreads and redemption terms should be compared. Gold Futures are ideal for price speculation or hedging. They utilize leverage via margin posting and allow profiting in both rising (Long) and falling (Short) markets. Investors must monitor margin levels and contract expiry dates, noting that losses can exceed initial margin.

Question 14

Are Demo Accounts available for practice?

Accepted Answer

Interested investors can request a Demo Account to practice order execution prior to live trading, available for both domestic (TFEX) and foreign (GBF) futures markets. Contact officers for demo availability and supported applications. Note that simulated trading results may differ from live market conditions.

Question 15

Which platforms are used for CME trading via MTS Capital, and how are USD currency exchanges managed?

Accepted Answer

MTS Capital offers foreign market trading platforms such as MT5 and CQG Trader depending on account type and selected products. Margin deposits and FX conversions follow specific account rules. Investors should understand supported currencies, conversion steps, applied exchange rates, and associated fees beforehand, as USD-denominated pricing may involve distinct deposit handling per account type. [Note: Please verify actual FX procedures, rate benchmarks, and fee structures with MTS Capital.]

Question 16

Does MTS Capital provide market research, trading signals, or Investment Consultants?

Accepted Answer

MTS Capital provides market updates, analytical research reports (covering Gold, SET50, and global markets), weekly video analysis, and educational seminars throughout the year. Licensed Investment Consultants (IC) are also available to provide personalized support and guidance.

Question 17

What is the difference between a Long Position and a Short Position?

Accepted Answer

In futures trading, a Long position is opened when expecting prices to rise, whereas a Short position is opened when anticipating price declines, without requiring prior ownership of the underlying asset. Adverse price movements result in losses. Closing a Long position requires a Sell to Close order, while closing a Short position requires a Buy to Close order, ensuring contract details and order types are correctly specified.

Question 18

What are Margin Call and Force Close?

Accepted Answer

A Margin Call is a notification requiring investors to top up collateral when account equity drops below required levels. Force Close is the mandatory liquidation of positions by the company under risk management rules, such as failing to deposit funds on time or reaching critical risk thresholds. Investors should regularly monitor margin levels and notification channels according to official company rules.

Question 19

Do futures contracts expire, and how can positions be extended?

Accepted Answer

Futures contracts have fixed expiration dates. Investors must check the Last Trading Day of held series. To maintain continuous exposure, investors close the expiring contract month and open a new position in a further month, a process known as Rollover. Rollover incurs transaction fees and price spread differences between contract months; it is not an automatic renewal.

Question 20

Can physical gold be requested upon trading Gold Futures?

Accepted Answer

It depends on contract specifications. GF10, GF, GO, and MGO contracts on TFEX, as well as COMEX Gold on CME, are specified for Cash Settlement at maturity, meaning no physical gold delivery or receipt takes place.

Question 21

What are the trading hours for TFEX and international markets?

Accepted Answer

Trading hours vary by product and exchange. Certain TFEX products trade during both day and night sessions, while CME products operate nearly 24 hours daily with scheduled maintenance breaks. Trading hours relative to Thailand local time shift during Daylight Saving Time (DST) changes and international market holidays. Regularly check schedule announcements from MTS Capital.

Question 22

Are there additional fees or costs besides commissions?

Accepted Answer

Besides commissions, exchange/clearing fees, Value Added Tax (VAT), real-time market data fees, platform usage fees, or FX conversion fees may apply depending on account type and usage. Investors should confirm fee structures—whether quoted Per Contract Per Side or combined round-turn—to accurately estimate transaction costs. [Note: Please verify active fee schedules, including market data and overnight holding fees, if any, with MTS Capital.]

Question 23

How does Mini Gold Online Futures (MGO) differ from Gold Online Futures (GO)?

Accepted Answer

MGO uses the same price reference as GO but has a contract size 10 times smaller. GO has a multiplier of 300 THB per $1 USD price move, whereas MGO has a multiplier of 30 THB. Thus, a $1 USD price movement results in a 300 THB gain/loss per contract for GO and 30 THB for MGO (before fees). MGO offers greater position sizing flexibility for investors. Check official announcements for margin rates.

Question 24

What contact channels are available if issues arise with login or order submission?

Accepted Answer

Investors can reach MTS Capital officers by providing account number, trading system used, timestamp of issue, and order details requiring investigation. General Inquiries: Tel. 02-770-7777 | Derivatives Trading Desk: Tel. 02-770-7799 during business hours.

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