Short, practical guides to lots, pips, spreads, margin and orders, using the exact rules and numbers of this platform.
Gold, silver and forex positions are measured in lots. Crypto and US stocks use a USDT amount instead.
A pip is the standard unit of a currency price move: 0.0001 for most pairs and 0.01 for USD/JPY.
Every instrument has two prices. You buy at the ask (the higher, Buy price) and sell at the bid (the lower, Sell price).
A buy position closes at the Sell price and a sell position closes at the Buy price. The gap between the two is the spread, so a new position starts with a small loss equal to the spread.
Buy (long) if you expect the price to rise. Sell (short) if you expect it to fall. Both directions are available on every instrument and work the same way.
How your account is measured while positions are open, and what happens when losses grow.
Three numbers tell you how much room your account has:
Unrealised profit counts towards equity, but it can only be used for new trades or withdrawn once the position is closed.
If your margin level falls to the stop-out level of …, the platform closes your most-losing position, then repeats until the margin level is back above it. Accounts are checked every minute, so in a fast market the loss at closing can be larger than at the stop-out level.
While several positions are open, a loss on one can take your balance below zero, because your other positions still back the account. When your last open position closes, any negative balance is reset to zero.
Pending orders are checked every two minutes and fill at the market price once triggered. They are available on live accounts.
| Order | What it does |
|---|---|
| Market Buy | Opens straight away at the current Buy price (ask). |
| Market Sell | Opens straight away at the current Sell price (bid). |
| Buy Limit | Buys when the Buy price falls to your level or lower. Set it below the current Buy price. |
| Sell Limit | Sells when the Sell price rises to your level or higher. Set it above the current Sell price. |
| Buy Stop | Buys when the Buy price rises to your level. Set it above the current Buy price. |
| Sell Stop | Sells when the Sell price falls to your level. Set it below the current Sell price. |
| Stop loss | Closes an open position when the price moves against you to your level. |
| Take profit | Closes an open position when the price reaches your target. |
Every charge on the platform, with the current amounts.
| Cost | Amount |
|---|---|
| Spread | … on gold; … on silver and forex; … on crypto and US stocks |
| Overnight fee | … of the position's margin (gold, silver, forex) or size (crypto, stocks) |
| Withdrawal fee | … USDT per withdrawal |
| Deposits | No fee from us |
| Commission | None |
| AlgoBot (optional) | … USDT per 30 days |
Please read these before you deposit.
Try everything on this page in the demo account, with virtual funds and live prices.