To start working. To start working with a live trading account you need to conclude a contract and transfer funds to our collateral account in the company (see Opening trading account section). Minimum deposit is 150 USD.
Transactions are made with the following financial tools:
EUR/USD
USD/CHF
GBP/USD
USD/JPY
EUR/JPY
EUR/CHF
EUR/GBP
GBP/JPY
GBP/CHF
AUD/USD
USD/CAD
Placing of commands for position opening/closing is effected by two types of orders: market order and limit order. Limit orders are placed under the following terms:
Currency Pair
Term of Placing
EUR/USD
No closer than 5 points from the current level
USD/JPY
No closer than 5 points from the current level
USD/CHF
No closer than 5 points from the current level
GBP/USD
No closer than 5 points from the current level
Other instruments
No closer than 10 points from the current level
Attention: In the trading system a protection mechanism from accidental malfunctioning of limit orders is used in case of incorrect price input by a dealer or quotations fault. In order to prevent execution of limit orders at the market price at the moment so called ‘spikes’, limit orders are executed only when the price is at the specified level (or better) and no less than three ticks. It excludes accidental executions at non-market prices.
The company grants the opportunity to make transactions twenty-four hours a day (from Sunday night 22:00 till 19:00 Friday) both via the trading terminal "iTrader" and via telephone. Daily from 23:55 up to 00:00 the closing of current trading session and opening of the next one is being made. During this period transactions cannot be made.
Spreads for four major currency pairs (EUR/USD, USD/CHF, GBP/USD, USD/JPY) change depending on the market situation within the range of 2-4 points. Spreads for other currency pairs are usually 5-10 points.
For position transfer to the next trading session our Company makes payment for each lot to the Client's account. The amount paid is stated in the Regulations. For position transfer from Friday to Monday the roll over fee is tripled.
If the amount of the position is more than 1 lot, you need multiply the amount of roll over fee by the amount of lots in one position.
Position transfer is made in the following way:
1. All open positions are closed at the market rate being at 23:55 GMT.
2. The financial result received by the client for current session on open positions is included into or written off the account, position roll over payment is included.
3. At 00:00 the position is opened again at the rate it was closed at 23:55 GMT. In a new trading session the position is considered at the rate of opening at 00:00 GMT.
Point value is a money term of profit/loss size on the open position with 1 point price change of the financial instrument, with open position. In brief, the point value answers the question: "How much will the amount of profit/loss on the open position change while changing the price of the financial instrument of this position by 1 point?"
The point value depends on the financial instrument, on which the position is opened, and on the volume (amount of lots) of the position.
The calculation of point valuefor 1 contract (lot) for different currency pairs is as follows:
Tool
Dollar Account
1. EUR/USD
1 USD
2. USD/CHF
(1/price ask USD/CHF)USD
3. GBP/USD
1 USD
4. USD/JPY
(100/ price ask USD/JPY) USD.
5. EUR/JPY
(100/ price ask USD/JPY) USD.
6. EUR/CHF
(1/ price ask USD/CHF) USD.
7. EUR/GBP
(1õbid GBP/USD) USD.
8. GBP/JPY
(100/ price ask USD/JPY) USD.
9. GBP/CHF
(1/ price ask USD/CHF) USD.
10. AUD/USD
1 USD.
11. USD/CAD
(1/ price ask USD/CAD) USD.
To calculate point value for amounts exceeding one lot you need to multiply the figures in the table by the amount of lots.
