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.
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 Standard.
Leverage Info
varies depending on equity of your trading account:
Margin
is the term for the available funds on balance for new order opening and support throughout the Forex trading process.
Locked (Hedge) 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.
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.
Stop Out
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.
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.
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.
