Basic Account
Designated for traders that are just joining the Forex market and people who prefer to trade smaller volumes, the Micro account empowers investors to trade smaller trade sizes and open an account with a lower initial deposit than a Basic Account all from the powerful Web Trader platform.
| CURRENCY PAIR | FIXED |
|---|---|
| Trading Platform | MetaTrader 4, Webtrader and Mobile Trading |
| Spreads | From 1 pip |
| Trading Instruments | Forex, Indices, Commodities, Shares and CFDs |
| Fifth Decimal | Yes |
| Max leverage | 1:10 * |
| Execution | Market Execution |
| Minimum opening deposit | $ 1000 |
| Minimum trade size | 0.01 lot |
| Trade size increment | 0.01 |
| Maximum Total Trade Size | 5 Standard lots |
| Maximum Simultaneous Open Orders | 150 |
| Margin Call / Stop out level | 40% / 10% |
| Telephone Trading | Yes |
| Account Currency | USD |
| Commission | No |
The Maximum leverage may vary based on clients’ appropriate assessment
Advertised Spreads
Our spreads are changeable. The above given spreads were taken from the time-weighted average of the spreads from January 1, 2014 to May 1, 2014. The advertised spreads can also be not applicable to the customer’s accounts of referring brokers. Our purpose is to provide the traders with tight, competitive spreads; Even though there may be times, when the conditions on the market are making the spreads wider than the above listed spreads.
EXECUTION DISCLAIMER
When trading Forex on both execution models – dealing desk and no dealing desk, we are the final counterparty to the transactions. For both execution models The Spreadex Limited collects the bid and ask prices from a pool of liquidity providers. The best available bid and ask quotes are given on our platforms after our mark-up has been implemented. The mark-up may be different, depending on the liquidity provider and the account type. Many factors are considered when deciding the mark-up, such as the rejection rates of the quote of the liquidity provider, the network performance (e.g., latency), depth of liquidity, and the general execution quality. For the Dealing Desk execution model we can play the role of some or all currency pairs. Back up liquidity providers are also available, and they appear in the cases we do not act as the dealer. Please have in mind that the Dealing Desk uses a limited number of liquidity providers than the No Dealing Desk (NDD) execution option.
We cannot guarantee that the quotes, the prices, or the spreads will always be better on one form of execution compared to the other. The client must be in the position to identify the factors when choosing the execution type, which is appropriate for their needs (e.g., trading method or strategy).
