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What is the spread?
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The spread is the difference between the BID and ASK prices. The lowest spread you can get is close or equal to zero, in this case BID=ASK. We do not quote a negative spread. We offer some of the most competitive spreads in the industry. The best way to evaluate our spreads is to open a Demo accoun...
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What is a quote? |
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For all tradable instruments, we quote two prices: the higher price (ASK) at which the client can buy (go long) that instrument and the lower price (BID) at which the client can sell (go short) that instrument....
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When do holidays affect trading hours?
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Holidays are announced through our website, by email or by internal mail of the MT4/MT5 trading terminal....
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What is your Margin Call/Stop Out Level? |
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Classic accounts – 25/15 Pro accounts – 25/15 Optimum accounts – 25/15 Example – You open a 1-lot USDCHF trade on either a Classic account or Pro account with 1:200 leverage. The Margin would be calculated like this: 100,000 (1 lot)/200 (Leverage) =500. So USD 500 is the Margin. The Margin Call...
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What is the minimum tradable lot size?
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The minimum trade size is 0.01 lots. Example 1: For currency pairs, the Contract Size value is 100,000. This means that the trading volume of 1 lot is equal to 100,000 units of the base currency. Therefore, the minimum tradable lot size 0.01 lots for currencies is...
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What is margin? |
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The required margin is the amount needed to be deposited/present in your trading account for a position to be opened. Your leverage will determine how much margin you need to open a position. The maximum available leverage ratio is up to 1:1000. Please visit our FAQ section for a more in-depth expl...
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What are the financing costs?
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Any positions held at the end of the trading day may be subject to a ‘financing charge’ which is shown on an FXChoice account as ‘rollover’. Our daily interest debit or credit amounts (from now on referred to as the ‘rollover’) are based on the total face value of t...
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What is the margin required to open a Locked or Hedged position? |
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The hedged margin is the funds which are required to open and support an open locked (hedged) position. They are open positions on the same instrument in different directions. The calculation of the margin hedge has several steps: For uncovered volume For covered volume (if the hedged margin size...
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How are orders processed?
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A Buy Limit, Buy Stop, Stop Loss and Take Profit for an opened short position are executed at the ASK price. A Sell Limit, Sell Stop, Stop Loss and Take Profit for an opened long position are executed at the BID price. *Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit and Sell Stop are execu...
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What are the different order types? |
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A ‘Market order’ is the simplest order type. It is an order to buy or sell at the prevailing market price. A “Pending Order” is an order to buy or sell at a pre-defined price in the future. The following types of pending orders are available: Buy Limit Buy Stop Sell Limit ...
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