Once you have completed the appropriateness test and your documents have been uploaded and approved, your profile will be verified and you can open a trading account.
The credentials of your trading account will be sent via email and you can simply download your chosen platform from your Client Portal or our website, fund your account and start trading.
Leverage is the multiplier of your equity.
Example: When using leverage of 1:30 to open a position of 1 Lot EUR/USD, as long as 1 Lot is equivalent to 100,000 base currency (100,000 EUR in our case), then you need a free margin of 100,000/30=3333.33 to able to open 1 Forex Lot.
For more information on leverage, please visit our dedicated page here.
As a CySEC licenced broker, the maximum leverage we offer for retail clients is 1:30 and 1:500 for professional clients. You can find more information about leverage here.
You can change your leverage through your Client Portal. Login and choose the account you want to change the leverage from the side bar, then Request the New Leverage value you prefer.
Unfortunately, it’s not possible to change the base currency of your existing trading account. If you want, you can open an additional trading account and choose the base currency of your preference.
No, open positions will remain open except in certain market conditions, ex. if Stop Loss or Take Profit is triggered, or bulk closing on futures. Trailing Stops and Expert Advisors become inactive when your trading account is offline.
Yes, we offer negative balance protection for all of our retail clients.
No, we do not offer binary option trading.
Go to your trading platform, right-click on "Account history" in the MT4/5 terminal window, set the time period by selecting "Custom period", and then right-click on "Save report". You will also receive an automatic daily statement report with your trading activity.
Amount of Base Currency * Pips= Value in Quote Currency
Value of 1 pip in AUD/USD= 1 Lot (100 000)*0.0001= 10 USD
Value of 1 pip in GBP/CHF= 1 Lot (100 000)*0.0001=10 CHF
Value of 1 pip in AUD/JPY=1 Lot (100 000)*0.01= 1000 JPY
Margin is always calculated in the instrument currency, which is then converted to the account currency.
To calculate margin in Forex pairs you can use this formula:
Lots * Contract size / Leverage
For example, if you would like to trade 1 lot of EURUSD with a leverage of 1:500, this is the margin requirement calculation: 1*100,000/500= 200 EUR= 237.53 USD.
To calculate margin for gold or silver the formula is:
Lots Contract Size Current Market Price * Margin requirements%
For example, if you would like to trade 1 lot of XAUUSD the calculation is 1*100*1740*0.5/100 = 870 USD.
If you would like to trade silver, the calculation is 1*5000*25.391*1/100=1269.55 USD
XAUUSD,XAUEUR(Gold) contract size per 1 lot = 100
XAGUSD,XAGEUR(Silver)Contract size per 1 lot = 5,000
XAUUSD,XAUEUR margin requirement = 0.5% = 1:200 (constant)
XAGUSD,XAGEUR margin requirement = 1% = 1:100 (constant)
EURUSD = 1.197179
JPYUSD = 109.272
DE30 1 Lot ==> 1*115270.201/100 = 152.702 EUR = 152.702 1.19179 = 181.98 USD
JP225 1 Lot ==> 1*100*29769*1/100= 29769 JPY = 29769/109.272 = 272.43 USD
The swap formula is: Swap Long/Short in points (Point Value Lots in quote currency).
Please note that, depending on the instrument,the swap triples on one day of the week .
Example: 5 Lots Buy GBP/USD where Swap Long is -1.909. 1 point is equivalent to 1 USD. Hence, 5 * (-1.909) = -9.55 USD, 1 day swap for 5 Lots Buy GBP/USD
Example: 2.25 Lots Sell GBP/JPY where Swap Short is -2.852. 1 point is equivalent to 100 JPY. Hence, 2.25 *100*(-2.852) = -641.70 JPY
Example: 14.10 Lots Buy USOIL, where Swap Long is -12.075 points. 1 point is equivalent to 0.001 USD. Hence, 14.10 * 0.001 (-12.07) = -12.05 USD
*Note that the quote currency is in point value lots in brackets.
**Please note that every Wednesday rollover swap triples.
In case of any inactivity (i.e. no trading activity on the specific trading account) or the client adopted any kind of trading strategy which is deemed abusive, the Company reserves the right to charge clients all fees which have been suffered by the Company that are related to the client's specific deposit and withdrawal, irrespective of the payment method used. You can always refer to our Client Services Agreement in the Legal Documents.
The minimum trade size for Forex is 0.01 lots and the maximum trade size is 50 lots. The maximum amount of orders you can open is 200.
Margin is the amount of money that you need to open a trade, divided by the leverage or multiplied by the margin requirement, depending on the instrument.
Margin Level is Equity divided by Margin used. I.e., Marin Level = Equity / Margin
Free Margin is Equity - Margin. I.e., Free Margin = Equity - Margin.
To learn more about our margin requirements visit our dedicated page here.
Stop Loss is an order which can be placed by clients in order to minimize losses or limit profits. For Buy orders, Stop loss can be placed only below current price; whereas for Sell orders, Stop Loss can be placed only above current price.
Take Profit is an order which can be placed by clients in order to automatically close a position when a certain Take Profit price is triggered. For Buy orders, Take Profit can be placed only above current price; whereas for Sell orders, Take Profit can be placed only below current price.
There is no maximum amount to trade online.
The profit calculation for CFDs is (Close Price-Open Price) * LotsContract Size.
Please note that the lot size on every CFD differs.
Our minimum execution speed is 30ms
While Swaps are for 7 days a week, Brokerages are open for trading 5 days a week. Therefore, during Wednesdays, swap triples to cover the cost for the weekend
Spreads are the difference between the ask and bid price. Our VIP account offers spreads that start from 0.0 pips.
Note that during major news, markets can be volatile which leads to wide fluctuations in spreads.
Read more about spreads and pricing here.
Margin call is at 100% and Stop Out Level at 50%.