European stocks

Stocks on Wall Street and in Europe retreated sharply Friday as the U.S. government reported the economy had shrunk more quickly than expected in the last quarter and said it will take a larger stake in Citigroup.

At the opening, Wall Street fell, with the Dow Jones industrial average dropping 105 points, or 1.9 percent, the broader Standard & Poor's 500 index down declining 2.31 percent, and the tech-heavy Nasdaq down about 1 percent.
In midafternoon trading in Europe, major market indexes were down by more than 3 percent, with the DAX in Germany falling nearly 4 percent.

Deutsche Telekom raised its profit forecast for this year and reported a 2008 profit that was not as bad as expected. Its full-year net profit soared to €1.48 billion from €571 million in 2007. But there was little other positive corporate news in Europe on Friday, a day after a report saying that German unemployment rose for the fourth straight month to 7.9 percent.
"There was a lack of impulse from German companies," said Steffen Neumann, strategist at Landesbank Baden-Württemberg. "There was fear that the bad news would continue, and finally it came."

[Sigma Contract Specification]

Sigma Forex provide the clients with the lowest spreads in Forex Market for the most traded pairs and Forex spots.

Trading Hours
Sigma Dealing Room operate 24/5 from Sunday 23:00 CET until Friday 23.00 CET.
You Can contact us directly: + 41 435 004 145

Margin Requirements
The margin requirements must be respected by Friday at 23:00 GMT and before holidays.
One of our dealers will contact you if you are below your margin requirements at that time. Your margin requirements will depend on the client's account equity. However, if you approach the level where the loss of your open positions approaches the balance of your account, you will be stopped out and your positions will be closed. Stop positions will be executed when there is only around 50% equity of the required margin left in your account.

Streamline Dealing
Clients will not suffer Price Re-Quote that you can buy and sell directly on real-time prices without a request for quote (RFQ).
Clients taking advantage of wrong price quotes in the Market Watch will be requoted.
Sigma Forex effort is taken to ensure correct pricing at all times. However, there are rare circumstances when wrong prices are given.

Stop Order Execution
Volatile market conditions can result in prices gapping, which may prevent the execution of stop orders (sell stop, buy stop, stop loss) at the price you initially requested. However, our dealers strive to execute all stop orders at the price, or failing that, at the best attainable rate the market allows.

Lot Types
Sigma Forex has generated an ultimate account type that allow you to trade Standard, Mini and Micro lot in the same account which is Sigma Account to make it more simple and easy for traders.

Multi Currency Denomination

Sigma offers the ability to set-up accounts denominated in the following currencies:

• United States dollar (USD)
• Euro (EUR)
• Great Britain pound (GBP)
• Australian dollar (AUD)
• Swiss Frank (CHF)

There is no minimum deposit for opening an account, in order to review the spreads, pip value & margin requirement choose the required pair, leverage & the lot type.

If you have any problem regarding Sigma Contract Specification click on the Live Chat button on the right hand side and our customer support staff will help you through the process.