How this platform actually works
Not another introduction to forex — those are free everywhere. This explains what happens on your account here: what a margin call does, when swap is charged, what a lot really costs you, and what you are agreeing to when you copy a trader.
100%
Margin call at
50%
Stop-out at
21:00 UTC
Swap charged
Wednesday
Triple swap on
That their new positions open on your account automatically, at a size you set, without you approving each one. Their losses become your losses on your own account. You set the size relationship, the maximum per trade, how many copied positions you will hold at once, and a loss figure at which copying stops by itself. Positions they already hold when you start are not copied. Stopping never closes anything: your open positions stay open and become yours to manage.
Copy trading and bonuses
Every figure shown is computed from settled trades on the account that trader publishes, at the moment you load the page. Nothing is stored and shown back, so there is no number a leader can edit. The count of closed trades is shown beside the win rate on purpose: a high percentage over a handful of trades is not a track record, and you should be able to see which one you are looking at.
Copy trading and bonuses
Because a bonus you can withdraw immediately is not a bonus, it is a discount on your own deposit, and no broker offers one. A bonus here is recorded against your account with a turnover requirement in lots. It is not part of your balance and cannot be withdrawn until that trading has happened, at which point it is credited as ordinary withdrawable money. Your progress and the lots remaining are shown on your bonuses page, and the grant may carry an expiry date.
Copy trading and bonuses
An account, verified identity, and funds. Registration takes a few minutes and a demo account is created for you immediately, so you can place real orders against real market prices without risking anything. A live account additionally needs identity verification, which is a regulatory requirement rather than a formality. There is no minimum you must deposit to open an account, though individual account types may set one; those are listed on the account types page.
Getting started
The prices, the spread, the swap and the execution are identical. The only difference is whose money is at stake. A demo account is funded with a starting balance that has no value and cannot be withdrawn. Everything else behaves the same, deliberately: a demo that fills better than a live account teaches you nothing useful.
Getting started
They differ in how you pay us. A standard account pays through a slightly wider spread and no separate commission. A raw-spread account pays a commission per lot and gets the tighter spread. A swap-free account does not accrue overnight financing. A cent account denominates your balance in cents so a small deposit still trades in sensible sizes. Every one of those terms is published in full on the account types page rather than quoted on request.
Getting started
A lot is the contract size for an instrument. One standard forex lot is 100,000 units of the base currency; one gold lot is 100 ounces. Your exposure is lots x contract size x price, so 0.10 lots of EURUSD at 1.17 is about 11,700 dollars of exposure, not 0.10 dollars. Every instrument's contract size, minimum size and step is listed on the contract specifications page, and the minimum is enforced when you place the order rather than after.
How trading works here
Because profit is earned in the currency the instrument is QUOTED in, and your account is denominated in its own currency. EURJPY is quoted in yen, so a move on it earns yen, which is converted to your account currency at the rate when you close. A US share CFD is quoted in dollars and needs no conversion. Both the conversion rate and the quote currency are shown on your closed position, so the arithmetic is checkable rather than something you take on trust.
How trading works here
The spread is the difference between the price you can buy at and the price you can sell at, and you cross it the moment you open. It is our revenue on a standard account. Some account types charge a commission per lot instead and quote a tighter spread. Positions held past the daily rollover also accrue swap. All three are published: spread and swap per instrument on the contract specifications page, commission per lot on the account types page.
How trading works here
Margin is the deposit held against your open positions. As positions lose, your equity falls toward the margin you have committed. When the ratio between them reaches the margin call level published on our trading conditions page, you are warned. If it keeps falling to the stop-out level, positions are closed automatically, worst-losing first, until the ratio is restored. Both levels are published rather than discretionary, so you can see them before you open a position.
Margin and risk
No. Negative balance protection is applied at settlement: when a position closes you are never debited past the margin held against it, so a gap that moves against you cannot leave your account below zero. That is a property of how the settlement code is written, not a goodwill gesture decided case by case.
Margin and risk
It reduces the deposit required to hold a position, and nothing else. It does not increase your profit rate and it does not reduce your risk: a 1% move against a position costs the same money at 1:30 as at 1:500. What higher leverage changes is how little cushion you have before a margin call, because the same loss is a much larger share of the margin you committed. Most accounts that are closed out are closed out because of leverage, not because of a bad forecast.
Margin and risk
Deposits are credited once the payment is confirmed. Withdrawals are reviewed before they are paid. That review is a fraud control rather than a delay tactic, and it is the reason a compromised account cannot be emptied in a single request. Current limits, fees and processing windows are shown on the withdrawal page before you confirm anything.
Money in and out
Common reasons are an unverified identity, a first withdrawal to a new destination, an amount above the automatic threshold, or a pattern our controls flag. None of these mean anything is wrong with your account. The specific reason is shown on the request itself rather than left for you to guess.
Money in and out
Swap is the financing cost of holding a leveraged position overnight. It is charged once per day at the rollover hour published on our trading conditions page, per lot, and can be positive or negative depending on the instrument and direction. The rate for every instrument is listed on the contract specifications page. It accrues while the position is open and is included in your equity, so swap alone can move you toward a margin call, and it settles when the position closes.
Overnight financing (swap)
Because settlement for the weekend is applied on a single weekday, which is standard across the industry. Which day that is for us is published on the trading conditions page. If you hold a position through it, expect three days of swap in one charge.
Overnight financing (swap)
It does not accrue overnight financing at all. It exists for clients whose beliefs do not permit paying or receiving interest. It is granted on request rather than chosen at signup, and the grant can carry an expiry. If it does, the date is on your account, and once it lapses the account accrues swap normally again.
Overnight financing (swap)
Still not answered?
Every figure these articles refer to is published in full on the trading conditions page, and a person will answer anything that is not.