Trading Credits
Trading credits are termless and interest-free, and can be used as Equity when effecting forex trading. The obligatory condition for getting a trading credit is an account replenishment with own funds. The amount of credit may be up to 70% of the deposit.
Trading Credits Terms
- Trading Credits are available for the following types of accounts: Classic+, DirectFX, xPRIME;
- A trading credit may be received for each deposit and the client can choose the amount of credit at the time the
account is replenished: 10%, 20%, 30%, 40%, 50%, 60%, 70% of the deposit;
An example:
In the case of a 1000 USD deposit, the trader chose 10% as a trading credit. In this case, 1100 USD will be credited to the account, while 100 USD will be reflected in the Credit field.
- The sum of active trading credits on all accounts of one client can't exceed 20 000 USD (or an equivalent in another currency);
- A trading credit can't be used in a "drawdown" situation and will be automatically cancelled if "Equity"
becomes equal or less "Credit". Once the credit is canceled, all positions are closed forcibly (Stop
Out).
An example:
The trader deposited his account for 10 000 USD and got a trading credit in the amount of 1000 USD. In (the Credit field displays the sum of active credits) will be automatically cancelled, and all positions will be closed forcibly.
- In case of active trading credits on the account, the amount of funds available for withdrawal is to be
calculated using the formula:
Available for withdrawal = Free Margin - Credits -Deposit amounts for which active credits were given; - To remove the withdrawal restriction, the client needs to cancel active trading credits. This can be done in
the
Trading credits section of the Personal Area. - Partner receives full amount of payouts for referrals trading turnover, which is done using the trading credits.