Trading Conditions
1. Minimum lot and step
in the trading, terminal are equal to 0.0001 for Cent accounts but since there is no native support for cent accounts in MT platform – you have to choose 0.01. The minimum lot for Classic accounts is 0.01, the minimum step is 0.01.
2. Standard contract
in Forex is 100 000 currency items. The most common leverage in Forex trading is 1 to 100. To achieve the lowest capital requirements clients may choose 1:500 leverage when registering an account. Such leverage value would mean minimum capital of 2$ cents for Cent accounts and 2$ for Classic accounts.nnPlease notenAll volumes in Cent account are 100 times smaller. 1 USD cent = 0.01 USD.
3. Leverage
varies depending on equity of your trading account:nnnnFrom $0 to $10 000n1:1000nnnFrom $10 000 to $100 000n1:500nnnFrom $100 000 to $250 000n1:200nnnFrom $250 000 and moren1:100nnnnForex4you reserves the right to reduce leverage up to 1:25.nnLeverage reductions due to increased equity will be implemented automatically. If client requires an increase in leverage after a subsequent decrease in equity, they will need to make the adjustment themselves or get in touch with customer support.nnn .trading-conditions-table {n width: 100%;n margin-top: 40px;n }n .trading-conditions-tr {n border-top: 1px solid #444242;n }n .trading-conditions-td {n padding: 10px 0;n }n .trading-conditions-td-strong {n font-weight: 600;n }n
4. Margin
is the term for the available funds on balance for new order opening and support throughout the Forex trading process.nIf Lock Protection is triggered by Stop Loss or Take Profit, then this closure will also be denied and Stop Loss or Take Profit will be set to zero.nIt’s not permittedn1. to close orders which will cause an increase in the net position or net margin within one (1) hour before symbol break and market close on Friday. During this period, new positions may be opened with decreased leverage – 1:100 for Forex and 1:40 for commodities (leverage change may be applied at the sole discretion of Forex4you at any time within one (1) hour before symbol break from Monday – Thursday and market close on Friday and may be lower or higher than that stated above).n2. to close orders which will cause an increase in the net position or net margin of accounts within thirty (30) minutes before publication of important news (marked as ‘Medium’ or ‘High’ in our economic calendar) and/or within thirty (30) minutes after publication of important news (marked as ‘Medium’ or ‘High’ in our economic calendar), which is expected to increase market volatility. During this period, new positions may be opened with decreased leverage – 1:100 for Forex and 1:40 for commodities (leverage change may be applied at the sole discretion of Forex4you at any time within thirty (30) minutes before or after publication of important news and may be lower or higher than that stated above).nPlease note that for some accounts the margin value will be recalculated in accordance with the account’s leverage at market open on Monday.
5. Locked (hedged) margin
is the margin for the maintenance of opposite ( locked) positions on the same instrument. The margin for maintaining of locked positions of equal volume is will be zero. However, there should be enough funds on the trading account for initial margin on the locking order opening moment and only after locking order is opened the total margin will be equal to 0.
6. Swaps
are applied automatically during rollover (when an order is rolled over to the next calendar day). Swaps are tripled from Wednesday to Thursday. Swaps change throughout time according to the national interest rates. Please note if trading account is on our MarketPlace liquidity aggregator then swap will be applied on 23:00 by terminal time.nPlease notenFor currency pairs with CAD and RUB, swaps are tripled from Thursday to Friday.
7. Lock protection
is a function which will deny the locked position closure in case it leads to the margin level decrease below 100%. In such an event you will receive the message “Not enough margin”. Such orders can then be closed with the functions “Close by” or “Multiply close by”.nIf Lock Protection is triggered by Stop Loss or Take Profit, then this closure will also be denied and Stop Loss or Take Profit will be set to zero.nCondition applies to trading accounts where orders are executed on our own liquidity aggregator MarketPlace.
8. Margin call level
the required level of margin for Forex activity is a ratio of the total of the balance and floating profit minus floating loss. The margin call can be viewed as a “warning border” — on weekends and holidays it rises to a value of 100% for accounts with leverage 1:100 and 500% for accounts with higher leverage. The broker has the right to prohibit the opening/closing of the Forex orders and lowering the Margin to the Margin call level one or two hours before market close, as well as open hedging positions.
9. Stop Out (Margin cut) level
is a margin level reached which the trading activity is simply stopped due to the high risk of the negative balance. Then orders are closed forcibly until the margin level is up. Please note that our company uses Stop Out level to decrease the risks of clients’ negative balance.nPlease notenStop Out level should not be used by clients as part of a risk management strategy — Stop Loss orders must be used instead. Please note that all pending orders will be canceled after reaching StopOut/Credit StopOut level if the trading account is on MarketPlace liquidity aggregator. Margin Call and Stop Out levels can be found in the respective account’s parameters table.
10. Gap level
is a criterion of gap mode activation. If the price gap is equal to or greater than one spread for a given instrument, the gap mode is engaged. It is used for automatic order execution by the dealer (both Stop Loss & Take Profit execute at the gap price). Activation proceeds on the second tick after gap mode is disabled.nPlease notenGap mode does not apply to trading accounts where orders are executed on our own liquidity aggregator MarketPlace. Therefore pending orders will be executed, including Take Profit and Stop Loss, by market price, so slippage can even be 1 pip. Market and pending orders including Stop Loss and Take Profit, maybe not executed if the price has not been confirmed by the liquidity provider.
11. Closed/Gap
If a pending order was placed with Take Profit or/and Stop Loss and the market price jumped over the order price and the price of Take Profit/Stop Loss is in the gap level, this order will be opened by gap price and after that closed by market price with commentary [closed/gap]. The final result of this order will be negative with one spread.
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