Trading Procedures

The client opens an account with New Era.
The client transfers funds to New Era.
According to regulations, the clients' funds are held in a separate "segregated" client account.
After funds reach the "client account" the client can start trading.
Whenever the client wishes to trade, he/she can either sign in and use New Era Trading Platforms, our online trading platforms, our mobile services New Era MOBILE for Pocket PCs or call the New Era dealing room.
On each open order (contract) that the client makes , a margin (deposit) of US$ 1000 or portions thereof, depending on the type of contract, is transferred from the client account to the company account as collateral. The same margin is returned to the client account when the client closes the trade.
Any profit/loss that is realized when the trade is closed, will be settled between the client account and New Era. 
Whenever the client wishes to draw money out of his/her account, he/she needs to send instructions by fax to New Era to that effect. This money will be transferred to the client's account within a maximum period of 24 hours, either as a transfer to an account of the client or, in some countries, over-the-counter cash.
Whenever the client account is short of funds/margins, the client will be asked to transfer extra funds to the client account.
No open trades will be executed unless the client has enough margin/funds in the account and no trades will remain open if suNew Eracient margin/funds are not available in the account.
A comprehensive Daily Confirmation is generated and sent to the client daily at approx 00.05 am (GMT +2). This will cover each day from 00.00 until 23.59 and will include: all the trading Profit/Loss, Deposits/Withdrawals and credit facilities in or out for that day. It will also show any cancelled orders. The summary for that day, i.e., Deposit/Withdrawal, Credit Facility and Closed P/L will be the net amount for that day only.
Funds transferred from the client can only be accepted if originating from the client's own account.
Funds transferred from a third party are not usually accepted. For protection of the client, funds transferred from New Era to the client can be made only to the client's own account