Help CenterWhat are synthetic indices?
Synthetic indices are a broad category of indexes that Sway Markets developed to imitate
volatility patterns, crashes, and booms based on various real-world market specifications. These instruments are only available on Demo accounts.
These indices can be traded around the clock, being available 24/7 and are powered by a randomly generated price feed following a certain set of parameters, rather than being connected to any particular underlying market. Because of that, it does not get influenced by outside factors such as volatility caused by global events, as well as liquidity risks, thanks to their underlying technology.
How do I trade synthetic indices?
With Sway Markets, you may use leverage to speculate on the movement of synthetic indices'
prices while only having to pay a small portion of the contract's value. Please note that such
leverage has the ability to increase your possible gains as well as losses.
Each 1 lot is the equivalent of 10 index contracts
We are pleased to announce that a competition will be held every month, during which participants will have the opportunity to trade Synthetic Indices.
What are the synthetic indices available to trade?
By searching for their symbol in your Sway Charts or Sway Charts Pro trading platform, you
may locate the various synthetic indices.
Please refer to the following list:
"BOOM1000" - Gives an average of one boom tick within every 1000 ticks
"BOOM500" - Gives an average of one boom tick within every 500 ticks
"BOOM300" - Gives an average of one boom tick within every 300 ticks
"CRASH1000" - Gives an average of one crash tick within every 1000 ticks
"CRASH500" - Gives an average of one crash tick within every 500 ticks
"CRASH300" - Gives an average of one crash tick within every 300 ticks
What are the movements based on?
The Crash and Boom indexes are designed to incorporate cyclical crashes or booms along with
upward and downward trends, respectively. The number in the index name indicates the
average frequency (in ticks) of the crashes and booms. As a result, for CRASH300 the index will
crash once every 300 ticks on average. The same reasoning applies to BOOM300.
What are the commission and swap fees while trading synthetic indices?
Demo Accounts - $7 per lot (charged at the opening) + the spread that can vary from XX to
YY pips.
The instruments also have a swap rate which is charged for positions kept overnight. of -0.00083% for long and -0.00056% for short.
How are my pending orders executed, including TP (Take Profit), SL (Stop Loss), Limit and Stop orders?
The movement of BOOM and CRASH indices occurs in ticks, wherein the price does not
progress in a sequential numerical order but rather follows a directional random pattern based on the specific variation parameters.
In the absence of a specific numerical order, the execution of pending orders, whether for
opening or closing positions, will be executed at the price of the tick that reaches it at the given moment.
For example:
If you set a stop-loss for a sell order on CRASH1000 at a price of 6900, and the tick that triggers the order has an ask price of 6901, the position will be closed at the price of the tick at the moment it reaches or activates your pending order.