FAQ

What is the fee for making a trade?


Fees for trades are determined by the spread, i.e. the difference between the price at which the product traded on was bought and the price at which it was sold. This is true to all trades except ones conducted using ECN accounts, the fee for trades made using ECN accounts is 15$ per each trading position opened and closed.




How can a Client withdraw funds from trading account?


The best payment solution is funds withdrawn from trading accounts are transferred in the same manner they were deposited, i.e. when funds are deposited through the use of a credit card the amount withdrawn will be credited to the same card used to make the deposit. With accounts into which funds are deposited by wire transfer withdrawals will be wire transferred into the same bank account as the one deposit are made from.




What is the recommended duration for a trade?


There is no recommended duration for a trade. Some trades are kept open for just minutes, others for hours, and there are trades which remain open for days, weeks and even months. It is up to you to decide when to end a trade. Trades are typically closed when taking profit goals are reached or due to a stop loss risk management limit tool used. Trades in which no tool for an automated sell order is used may be closed manually at any point; they may also end due to a margin call.




How are profits made from interest differences?


Earnings from differences in interest rates are made when at 0:00 (GMT +2) the interest rate is found to have shifted in your favor. This means that the profits from differences in interest rates may be made on a nightly basis.




What are the benefits offered for hedging?


The hedging strategy in forex involves opening two contradicting trading positions simultaneously.

When hedging you will be charged lower trading fees at a fixed interest rate. Opening and closing hedging positions can be executed 24 hours a day on forex market trading days only.




What is a margin call and under what conditions is one triggered?


The funds in a trading account must always be enough in order to support the trading activities conducted through it. If a situation occurs when the account capital does not amount to 100% of the total margin (free margin + used margin) a margin call is triggered automatically.

It is important to take into consideration that the used margin can be used for the sole purpose of supporting the total sum traded on, i.e. sums of all open trades put together.

Losses only occur once a sell order is given at a price lower than that at which the product traded on was bought. But, when the potential for loss amount to 50% or more of the used margin all trades will be closed automatically.




What does 'lock profit' mean and how is it done?


On a profitable trade in which the take profit limit you've initially set has not been reached you may change the take profit limit, lowering it so that a sell order is triggered, the trade ended, and profit made. Alternatively, you may manually give a 'lock in profit' order causing the trade to end, and profits generated credited to your trading account.




What is a margin call and under what conditions is one triggered?


The funds in a trading account must always be enough in order to support the trading activities conducted through it. If a situation occurs when the account capital does not amount to 100% of the total margin (free margin + used margin) a margin call is triggered automatically.

It is important to take into consideration that the used margin can be used for the sole purpose of supporting the total sum traded on, i.e. sums of all open trades put together.

Losses only occur once a sell order is given at a price lower than that at which the product traded on was bought. But, when the potential for loss amount to 50% or more of the used margin all trades will be closed automatically.





© 2020 by CUBIC SERVICES