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Account Types
INITIAL DEPOSIT
INITIAL DEPOSIT
INITIAL DEPOSIT
— You can increase your maximum exposure with lower leverage by contacting our Customer Support Team.
Trading Conditions
The margin represents the number of funds required to secure positions. When you place a trade, the margin is locked in until the trade is closed. The margin figure displayed in your account details represents the total used margin for all open trades.
To calculate your margin, you can use the formula:
Trade size in units/Leverage = Margin in Base Currency
Trade size in units/Leverage x Exchange rate = Margin in the quote currency
Leverage multiples traders’ buying power, allowing traders to control a larger investment than their capital, potentially increasing their returns while only investing a percentage of the overall value of the asset.
ABX Trade LLC offers three types of leverage depends on the type of account with a maximum leverage of 1:500.
The higher the leverage, the higher the level of risk.
Margin call at 50% margin level. It is advised that you should either close off positions to free up margin or add additional funds to increase available margin. A margin call is calculated by : Equity / Used Margin x 100
When the margin level drops to 50% or lower, that means the entire equity of your trading account is used as collateral, and you can no longer open any other positions. This results in a negative free margin.
This means that equity divided by used margin equals 1. In other words, equity has dropped so low that it equals the used margin. For example, if stop out level of 30% means that once your equity falls to a value equal to three-tenths of your used margin, stop out(s) will begin to occur.
Trading Hours
One major benefit of Forex trading is they all trade nearly 24 Hours a day, 5 days a week.
Daily trading breaks depending on the type of instruments which clients are able to see the prices streaming during this break.
The GMT offset is either +1 or +2 depending on whether Daylight Savings time is in effect or not. The spreads can be wider as the liquidity providers reset when switch online (Monday session start) and switch offline (Friday session end) which result a low liquidity.
The GMT offset is either +1 or +2 depending on whether Daylight Savings time is in effect or not. Currently, FXQM has a 5+1 daily candle week for all clients. The 5 daily candle is per usual weekly candle from Monday to Friday, while 1 extra candle was for the Sunday bar opening time during the wintertime GMT+1.
Spreads and Comission
Our ECN Prime account provides a flat 0.0 spread unit. Other account type provided with a low spread as low as 0.1 to 1.5 spread unit.
No commission is attached for ECN Prime account, which gives an extra advantage to traders making a great investment through ABX Trade LLC trading environment.
Getting started is easy and free, it takes only few minutes to setup.
Try a demo