Trading account conditions

Forex4you account types

DDE – The technology of processing of orders involving dealer that provides quotes.

You send a request for order and will get in the line of order process. Dealer compares the quote of your request and quote of the liquidity provider, and then executes the order.

Cent*Classic
Execution type Instant
Execution speed ?Average speed is calculated on actual data of all trades execution time on particular type of account and is updated on weekly basis. It does not include the internet connection latency from client terminal to our trading server, which can vary depending on trader’s internet connection quality and speed.
Min. price change (tick) 0.0001
Pip 0.0001
Spread ?Spread is a difference between ASK and BID price, is displayed in points (or pips). On a different account types Spreads can be Fixed or Variable (market). Fixed from 2 pips
Commissions ?Commissions are deducted only in case of NDD accounts from the balance. Forex4you is not applying broker commissions for DDE accounts. No commission
Trading instruments Forex, CFD’s, Commodities
Leverage ?Leverage is a ratio between amount of deposit and sum of available trades. Leverage allows to operate funds that are 10 (1:10), 100 (1:100), 200 (1:200), or 500 (1:500) times larger than the initial deposit. Please note that the larger the leverage, the larger are trading risks. From 1:10 to 1:1000
Swap-free accounts ?Swap operations (also called as Overnights) are the payment for transferring an open position overnight. May be both positive and negative. The night from Wednesday to Thursday triples the payment. Yes No
Personal manager ?Personal manager will consult You for further questions, requests and provides personal assistance. The working hours of personal managers are from 07:00 to 16:00 GMT. In order to request personal manager, You need to write a request to [email protected] indicating Your account number. The request should be sent from registered email address. Deposit from 10 000 USD
Minimum lot 0.01 (0.0001) 0.01
Maximum lot 100 (1) 200
Minimum step 0.01
Maximum orders 500 No limit
Margin Call level ?Margin call level (level of required margin) – ratio (of the total of balance and floating profit deducting floating loss) to a marginal requirement (deposit) expressed in percentages. A margin call prevents clients from having a negative balance in their accounts. 50% 100%
Stop Out level ?Stop Out level – required margin level. If equity has reached this level, orders are closed forcibly until the margin level is up to the minimum. Please note that our company uses Stop Out level to decrease own risks of clients going to a negative balance. Stop Out level should not be used by clients as a part of risk management strategy – stop loss orders must be used instead. 10% 20%
Limit & stop levels ?Limit and stop levels is a pre-determined value that states how “close” to market price trading orders can be placed. For DDE accounts it is not allowed to place limit of stop orders closer than the current spread (inside the spread). From one spread
Storage time of history 1 month 6 months
VIP accounts ?VIP account status and individual approach can be applied to accounts starting from 50 000 USD deposit. No
Bonus program Yes
Open an account Open an account

  • * – Forex4you Cent account group is using Cent lot (or Cent lot) which is equivalent to 100’000 cents, or 1’000 base currency units (e.g. 1 cent lot for EUR/USD is 100’000 EUR cents or 1’000 EUR).
Market watch
Market hours: non-stop from 00:00:01 GMT+1 Monday to 23:00:00 GMT+1 Friday.
Note: GMT+1 is Central European time (CET, summertime +1 hour)

Useful information

Standard contract of Forex is 100 000 currency items. Most common leverage in forex trading is 1 to 100. Accounts of CENT group allow to open orders 1 000 000 smaller than standard contract size (with 1:100 leverage), accounts of CLASSIC group – 1000 times smaller (with 1:100 leverage). To achieve the lowest capital requirements clients may choose 1:500 leverage when registering an account – this leverage value would mean minimum capital of 2 cents for CENT accounts and 2 US dollars for CLASSIC accounts.

Minimum lot and step in trading terminal are equal to 0.0001 for CENT accounts but since there is no native support for cent accounts in MT platform – you have to choose 0.01. Minimum lot for CLASSIC accounts is 0.01, minimum step is 0.01.

Leverage varies depending on equity of the trading account
Equity Maximum leverage
From 0 to 10 000 USD 1:1000
From 10 000 to 100 000 USD 1:500
From 100 000 to 250 000 USD 1:200
From 250 000 to 500 000 USD 1:100
From 500 000 USD and more 1:50

Margin – funds on balance available for new order opening and support throughout Forex trading process.

Its forbidden to close orders which will cause increasing the net position or net margin two hours before symbol break and market close on Friday. During this period, new positions can be opened with decreased leverage – 1:100.
(Example: 2 open orders – sell and buy for EURUSD symbol with same volume, in this case net position is equal 0. Partial or full close on one of these orders will lead to increasing net positions.)

It’s forbidden to close orders which will cause increasing the net position or net margin one hour before publication of important news (marked in our economic calendar as “!!!”), which is expected to increase market volatility. During this period, new positions can be opened with decreased leverage – 1:100.

Locked (hedged) margin – margin for the opening and maintenance of two opposite (locked) items on the same instrument. Margin of opening and maintaining two locked positions is equal to zero.

Lock Protection – If a closure of locked position will lead to margin level decrease below 100%, then this closure will be denied and you will receive message «Not enough margin». In this case orders can be closed by function “Multiply close by”.
If Lock Protection is triggered by Stop Loss or Take Profit, then this closure also will be denied and Stop Loss or Take Profit is set to zero.

Margin call level – the level of required margin, warning level. Margin call level on weekends and holidays rises to a value of 100% for accounts with leverage 1:100 and 500% for accounts with higher leverage. The broker has the rights to prohibit the opening / closing of the Forex orders and lowering the Margin to the Margin call level one or two hours before closing the market, as well as open hedging positions.

Stop Out level – required margin level. If equity has reached this level, orders are closed forcibly until the margin level is up to the minimum. Please note that our company uses Stop Out level to decrease own risks of clients going to a negative balance. Stop Out level should not be used by clients as a part of risk management strategy – stop loss orders must be used instead.

Please note that all pending orders will be cancelled after reaching StopOut/Credit StopOut level, if the trading account is on MarketPlace.

Gap level – is a criterion of gap activation (if the price gap is equal or greater than 1 spread for a given instrument, the gap mode is engaged). It’s used for automatically order’s executing by the dealer (both Stop Loss & Take Profit execute at the gap price). Activation proceeds on second tick after Gap Mode will be disabled.
Gap mode does not apply to trading accounts where orders are executed on our own aggregator MarketPlace, therefore pending orders will be executed, including Take Profit and Stop Loss, by market price, so slippage can even be 1 pip.

If pending order placed with Take Profit or/and Stop Loss and market price jumped over the order price and price of Take Profit/Stop Loss in gap level, this order will be opened by gap price and after that closed by market price with commentary [closed/gap]. Final result of this order will be negative with one spread.