No. But you can open a new account in USD, EUR, CNY and GOLD.
Important: To simplify the calculation of reserve funds requirements we recommend using the trader’s calculator.
The formula for calculating reserve funds in the base currency:
Reserve Funds = Contract size / Level
The base currency is a currency, standing first in the quote, for example:
The size of a contract is the amount of a contract in the base currency. The value of 1 lot is always 100,000 units of base currency. Accordingly, the value of 0.1 lot = 100,000 * 0.1 = 10,000 units of base currency, the value of 0.01 lots = 100,000 * 0.01 = 1,000 units of base currency;
Level is a ratio between the trader’s own funds and borrowed funds, for example:
After calculating the reserve funds in the base currency, convert it into the deposit currency (according to the exchange rate at the time of opening positions) -- US dollar, Euros, etc.
Consider this example:
A trader uses 1:500 level to open a position BUY 1 lot EURUSD 1.2457. The reserve for this position is calculated as follows:
An order may be not executed at the set price if there is gap. The gap is a price break that occurs when prices sudden change. The gap means that in the market there are no buyers and sellers that are ready to make a deal at a price that exists within the gap. If a trader has a stop order at a price inside the gap, this order will not be executed at this price, because in the market there are no buyers and sellers at this price. In this case, the order is executed at a gap price, i.e. at the price that sellers or buyers are ready to pay.
For more information, visit the section "Trading conditions / Forex Order Types".
One should remember that there are two prices in the market: the price of sellers (Ask) and the price of buyers (Bid).
The chart shows the Bid price. Sell orders are executed at the Bid price; Buy orders are executed at the Ask price.
Consequently, short (Sell) positions are opened at the Bid price and closed at the Ask price. Long (Buy) positions are opened at the Ask price and closed at the Bid price.
For your short position (Sell), the Stop Loss order is set at the price of 1.2970. The price on the chart reached 1.2968, but that’s the Bid price.
Given the spread of 2 points at that moment, the Ask price was 1.2970 (i.e. Ask = Bid + Spread = 1.2968 +0.0002 = 1.2970), your position was closed, because Stop Loss orders for short positions are executed at the Ask price.
In this case, the Stop Loss order was executed correctly, because the Ask price reached the level specified in the order.
If the terminal displays the "No connection" message, try doing the following:
The "Trade flow is busy" message appears when a client sends a new order to the server without waiting for a response to the previous request. Usually this message means there’s a short-term loss of connection with the trading server, and the client has not received a response from the server and his next order is put in queue on the client terminal.
If trader’s funds fall below the required reserve funds, the broker has the right to close a part of loss-making positions at the current market price. Funds = Account balance + Results of opened transactions.
"Not enough money" means the trader does not have enough money to open a position. To open position, you must make a deposit (provide the reserve funds).
A demo account is typically used to study the trading platform and trading terms of the broker, to test trading strategies and advisers. To open a demo account, you must complete the registration form.
Our consultant will answer your question shortly.