|
|
Micro account
"Micro" account is designed for training of beginner traders to trade without assistance and usually is used as intermediate when transferring from demo account to "Standard" account. It's possible to trade most popular currency pairs with fixed spread and high leverage on accounts of this group.
- $5 minimum deposit;
- 21 currency pairs;
- Fixed spread from 2 pips*;
- Leverage up to 1:500;
- Minimal lot 0.01;
- Maximum lot 10 with step 0,01;
- Maximum number of open positions and pending orders 100;
- Automatic trading is allowed;
- Level of margin call /stop out 40%/20%**;
*Due to increased market volatility, from the 20th September 2010, on "Micro" accounts spread for some pairs can be raised during important economic and political News.
**an hour before market closing margin call/stop out levels can be increased up to 200%. Please be careful with positions that you leave for weekend.
Contract Specification.
| Trading tool | Swap long | Swap short | Dealing spread | Size of 0.01 lot |
| EURUSD |
-0,4 |
0,05 |
2 |
1000 EUR |
| USDJPY |
-0,1 |
-0,1 |
2 |
1000 USD |
| GBPUSD |
0,1 |
-0,45 |
3 |
1000 GBP |
| USDCHF |
-0,1 |
-0,2 |
3 |
1000 USD |
| EURCHF |
0,05 |
-0,3 |
4 |
1000 EUR |
| AUDUSD |
0,9 |
-1,2 |
4 |
1000 AUD |
| USDCAD |
-0,4 |
-0,1 |
4 |
1000 USD |
| NZDUSD |
0,4 |
-0,9 |
4 |
1000 NZD |
| EURGBP |
-0,1 |
-0,05 |
4 |
1000 EUR |
| EURJPY |
-0,1 |
-0,1 |
3 |
1000 EUR |
| GBPJPY |
0,05 |
-0,3 |
6 |
1000 GBP |
| GBPCHF |
0,05 |
-0,3 |
7 |
1000 GBP |
| CHFJPY |
-0,1 |
-0,1 |
4 |
1000 CHF |
| EURCAD |
-0,5 |
0,1 |
8
|
1000 EUR |
| AUDCAD |
0,6 |
-1 |
7 |
1000 AUD |
| AUDJPY |
0,75 |
-1,1 |
5 |
1000 AUD |
| NZDJPY |
0,4 |
-0,8 |
6 |
1000 NZD |
| GBPCAD |
-0,4 |
-0,1 |
10 |
1000 GBP |
| AUDNZD |
0,2 |
-0,4 |
10 |
1000 AUD |
| AUDCHF |
0,9 |
-1,6 |
7 |
1000 AUD |
| EURNZD |
-1,75 |
0,5 |
8 |
1000 EUR |
Trading time:
24 hours a day, beginning at 00:00 on Monday and ending at 22:00 on Friday (trading server time)
Lot - volume unit of the instrument which is used to conduct transaction, it is equal to 100 000 base currency units.
Level of limit and stop orders means minimal interval between current price and pending order level (in points). Inside the interval Take-Profit, Stop-Loss and pending orders can't be placed. When placing orders within the range, server will give an error message and won't accept the order. Limit and stop orders level is equal to typical spread.
Freezing level - inhibit to modify orders which are close to the market. Editing, deleting and closing of positions, which are about to be executed, are forbidden. Freezing level is equal to 1/2 typical spread.
Position overnight transfer is carried out as market swaps (swap size is reflected in points).
Swaps can be positive and negative and are calculated as difference between interest rates. Swap is charged daily at 00:00 according to the server’s time. From Wednesday to Thursday swap is charged 3 times larger. Swap rate is a product of point price, number of lots and number of days.
Margin call – warning level, appears when ratio of funds to pledge becomes lower than allowed value. In this case dealer has a right (but not obliged) to close one or several client’s positions according to market conditions.
Stop out – liquidation level, appears when ratio of funds to pledge becomes lower than allowed value. In this case dealer is obliged to close one or several client’s positions in order to avoid negative balance on the account.
Open an account
|
