Frequently Asked Questions

You are limited to opening up to 10 trading accounts per type of live account. You can explore the details of different account types before initiating the opening of a trading account, ensuring you select the one that best aligns with your requirements. 

  Please adhere to the following steps to locate your balance and trading history :

1. Log in to your client area.
2. Navigate to the traders menu.
3. Click on "Account."
4. Go to "Account Overview."
5. Select your live account and choose the desired account type.
6. Click on "Trading History."

Upon completing these steps, you will be able to view your balance and trading history. 

Hedging is permissible. 

Hedged orders, alternatively termed offsetting orders, involve placing orders for the same instrument in opposite directions. For example, buying 1 lot of XAUUSD and selling 1 lot of XAUUSD in the same trading account. Hedging is employed to protect against adverse market movements and is a risk management technique in the foreign exchange market. 

Who would benefit most from a Scalpx account?

The Scalpx account is designed for traders with experience. It is particularly well-suited for individuals who exhibit patience, find contentment in securing small profits, and excel in scalping strategies. 

Account Details:

Minimum Deposit : $ 50

Major currency : USD, GBP, EUR, AUD, CAD, JPY 

Swap : Free

Floating Spread : From 0.0 pips

Maximum Leverage : 1:2000

Account Currency : USD

Execution Type : Market Execution

Minimum Order Volume : 0.01

Minimum Step Volume : 0.01

Minimum Margin : 0.25

Maximum Order Volume : 200

Margin Call : 50%

Commission : $3/Lot

Trading Instrument : Forex , Index , Crypto , Equity & Commodities

Maximum Position : 200

Stop Out Level : 30%   

In forex trading, several vital differences exist between a demo account and a real (live) account. Here are the main distinctions:   

Real Money vs. Virtual Money: 

Demo Account: Functioning as a practice account, it utilizes virtual money. Traders can experiment with strategies and familiarize themselves with the trading platform without risking actual funds.

Real Account: Involving real money deposited by the trader, profits and losses directly impact the trader's financial situation.

Market Conditions:

Demo Account: Trades in a demo account occur in a simulated environment. Market conditions might not precisely mirror the real market, and order execution can be instant without slippage.

Real Account: Live trading exposes traders to genuine market conditions, including slippage, liquidity fluctuations, and the influence of news events. These factors can impact order execution and overall performance.

Psychological Impact: 

Demo Account: Traders may not undergo the same psychological pressure and emotions since there's no real money at risk.

Real Account: Live trading involves significant psychological aspects. The fear of losses and the thrill of gains can influence decision-making and overall trading behavior.

Broker Execution and Slippage: 

Demo Account: Order execution in demo accounts is typically flawless and might not reflect the actual speed or challenges faced in real markets.

Real Account: Live accounts may encounter slippage, delays, and variations in order execution, especially during volatile market conditions.

Risk Management: 

Demo Account: Traders might not strictly adhere to risk management principles when using virtual money.

Real Account: Effective risk management is critical in live trading to safeguard capital. Losses have tangible financial implications, underscoring the importance of risk control.

Market Sentiment: 

Demo Account: Traders in demo accounts don't contribute to real market sentiment, as they are not executing trades in the live market.

Real Account: Live traders actively participate in the market, influencing price movements and contributing to overall market sentiment.

Account Funding: 

Demo Account: It is free, and users are not required to deposit real money.

Real Account: Traders need to fund a live account with real money to initiate trading.

Learning and Skill Development: 

Demo Account: A valuable tool for learning and developing trading skills without financial risk.

Real Account: Trading with real money provides practical experience and reinforces the application of learned skills.

Traders commonly begin with a demo account for practice and gradually transition to a real account as they gain confidence. Both account types play crucial roles in a trader's development, offering distinct environments and experiences.