You are always able to access your built in real-time account statements whether you’re using a trading platform or not. At any given time you can view your ongoing trading activity as well as the history of your trading activity.
All account information and logs are updated in real-time. In the very same moment that an activity is carried out—a trade is opened and/or closed, funds are withdrawn and/or deposited—the information is being updated.
Any trading reports can be accessed in the platforms through the “Trading Log”. Any history of funding activities can be viewed through the Cashier.
Our revolutionary forex software was developed to serve the emerging retail segment of the Forex community. The software was developed with the individual user in mind that would like to experience trading interactively without having to deal with current complicated systems. Therefore our software was created so as to provide traders with an easy to use currency trading technology and fair dealing practices as to offer the perfect platform for traders worldwide.
In order to install our forex software, you need to have one of the following operating systems:
Microsoft Windows XP
Microsoft Windows 2000
Microsoft Windows NT
Microsoft Windows Vista
Our forex software offers access to frequently offers access to frequently updated charts as well as precise and truthful exchange rates as to provide you with the most accurate information. Accuracy of information along with real time rates is an invaluable aspect of successful trading. We believe that giving you raw information is not sufficient and have therefore developed a software that is visually engaging and explanatory, as well as easily comprehensible. Our real rates and charts are inspected and updated around the clock; we present hourly, daily, weekly, and monthly updated charts. You do not need to leave your trading platform to access these charts, but can do so directly from your trading platform.
Spot Forex
Refers to plainly as foreign exchange based transactions executed for immediate delivery.In the Forex market all trades in the spot market are actually settled at later times, but are executed right away and delivered to the traders account in real-time. On the spot foreign exchange market and unlike the stock or commodity markets no physical goods are actually delivered for example, when you choose to trade the EUR/USD for instance, you do not actually receive paper notes from your dealer. All trades are plainly processed as computer transactions between the trader and the bank, broker or dealer. Simply put a trade of buying 10,000 US Dollars for Euros does not necessitate the dealer to actually supply the physical currency to the trader, but requires the dealer to resolve the difference between the open rate market price and the current market price.
Below you will find information on the standard Forex account. But before delving into it, let’s examine the notion of margin and leverage first.
Leverage is the loan a trader can get from his/her broker. Such a loan will enable him/her to transact with an initial capital that is relative small, i.e. it will enable him/her to transact economically and speedily.
Margin is the deposit that one has to put up for such a transaction; it is usually minimal and it covers potential losses.
For example, leverage will allow one to buy or sell $ 10,000 USD with only $ 25. Since RetailFX Limited enables its customers to trade by means of the eToro platform, it should be stated that if the example from above were to be applied in real-life, then with eToro one could not lose more than the initial investment of $25.
Margin & Spread Requirements for Forex account
Margin requirements are set depending on your selected leverage. For instance, if you choose to open a trade at a leverage of 1:400 a $25 per lot margin will be required, equal to approximately 0.25% margin or 1:400 leverage.
RetailFX enables these margin requirements by triggering automatic closing of trades once margin reaches the minimum. This procedure is strictly set for the traders benefit for the protection of his balance in the event of extreme rate fluctuations.
An automatic stop order is initiated if a the traders account balance falls below the required margin. For instance, in a standard Forex account, if a client has 10 lots of open trades an automatic stop will be triggered if trade value drops below $250. All trades will be closed at current market rates. |