The price of 1 pip is defined separately for each currency pair. For 1 lot the price of 1 pip is about 10 cents for a cent account or 10 dollars for a dollar account. The price of 1 pip is calculated in the following way: 100000*number of lots*0.0001*the price of the second currency in the currency pair.
0,01 lot on a cent account is equal to 10 units of the base currency; the required margin=10*exchange rate of the base currency against dollar/leverage.
You are trading on Forex Spot, so you make an order with the execution date on the next day. In other words, when you buy 1 lot GBP/USD you place a buy order (you buy 100000 pounds and pay dollars) with the currency delivery time on the next day. Because it isn't a real delivery, on the next day you reserve the execution date for one more day, etc.
However, you have to pay the difference between the refinance rates of national banks of the countries, whose currency you exchange.
Here is a typical example:
Let's assume that in Europe the rate is 4,0%, while in America 3,5%. You have the open sell position on 1.0 lot on EUR/USD. For this you need to sell 100,000 EUR. That means that you have to borrow them under the annual rate of 4,0%. Having sold euros we buy dollars that we lend under the annual rate of 3,5%. The total amount of your expenses on the transaction: (4.0-3.5)% annual rate or, that is the same, having the exchange rate EUR/USD 0.9000: 675 dollars per year, which equals 1.85 dollars per day. Alternatively, when trading at 1:100 it's 0.18 pips.
The sum that is added/charged as a payment for holding the position overnight is called the storage or swap.
To hold the position overnight from Wednesday to Thursday the triple storage is charged/added. This happens because the position opened on Wednesday has its value date on Friday. When the position is held overnight from Wednesday to Thursday, its value date should expand not for one day but for three days and become Monday. That is why from Wednesday to Thursday the triple storage is charged/added.
This order is designed to minimize losses if the price of financial instrument has started to move in the unprofitable direction. If the price of the instrument reaches this level, the position will automatically close.
This order is related to open position or pending order.
It can be placed only with a market order or a pending order.
The conditional check of this order is made by: Bid-price for long positions and Ask-price for short positions.
The trailing stop can be used to automate stop-loss movement after the price.
Take profit is designed as a way to obtain profit when the price of the financial instrument has reached the predicted level. It allows a trader to specify the price to close a trade as it moves in a profitable direction.
Once the price of the instrument reaches the exact price that has been set by the trader, the order is executed, the position is closed and profit is taken.
This order can be placed only with a market order or a pending order. For the instruments with market execution you can place "take profit" only after opening the position.
For a Buy order, Take- Profit must be set above the current price. It is set below the current price when it is a Sell order.
The conditional check of this order is made by: Bid-price for long positions; or Ask-price for short positions.
Balance - fixed money on your account.
Forex Crosses are currency pairs in which the base currency (USD) isn't visible.
On the Forex market there are two types of currency pairs: major pairs and crosses. For example, EUR/JPY is a cross pair, because it's formed from two major pairs: EUR/USD and USD/JPY.
All you have to do is open a Real trading account from our Website and deposit any amount of your choice.
Download the MT4 platform, Login and start trading
Everything is quite easy.
The thing is that no broker (us included) can provide you with the direct access to the Forex market. We introduce the total volume on the market.
Your transactions are summarized and delivered to the contractor bank, which receives a part of the spread.
We keep the other part of the spread as a payment for transferring money.
You are really trading on the Forex market, and with our assistance you're getting your profit from banks - market makers.
To calculate your margin requirement, pip value and swap kindly use the Trading Strategy Calculator.
The margin for 0.01 lot on EUR/USD with the leverage 1:100 ~ 16 cents, the price of 1 pip - 0.1 cent;
The margin for 0.01 lot on EUR/USD with the leverage 1:200 ~ 8 cents, the price of 1 pip - 0.1 cent;
The margin for 0.01 lot on EUR/USD with the leverage 1:500 ~ 3.2 cents, the price of 1 pip - 0.1 cent.
We offer both MT4 trading platform and the Web terminal
Go to our website and from the menu click “trading tools” and select “Webterminal”
Daily/ monthly statements are sent into your email address associated with your trading account.
Yes, Technical support is available 24 hours 5days a week.
Unfortunately Profiforex does not provide any form of direct training for traders.
However we have educational videos and tutorials to help beginners and expert traders enhance their trading knowledge and skills.
The deal will stay open even when your computer shuts down. It will not close automatically.You are responsible for opening or closing your trades. However, in the case where you are not able to close your position by yourself, you must contact online support or send an email to firstname.lastname@example.org indicating the order id to be closed.
A buy-limit order (to buy when the future price is equal to "Ask") is placed when you predict that the price of the instrument, which has gone down to some level, will start to rise again.
A sell-limit order (to sell when the future price is equal to "Bid") is placed when you predict that the price of the instrument, which had gone up to some level, will start to fall again
Profiforex have two types of accounts, the Demo and Real account. The Real account consists of the Micro and Standard account.
A demo account is an account that allows a trader to buy and sell without using real money.You cannot withdraw your profit from a Demo account.
A Real or Live account requires real money before you can start trading. You can withdraw your profit from a Live or Real account.
A micro account allows you to trade in smaller quantities or micro lots.On this account your account balance is displayed in Cents.
The Standard account on the order hand, allows you to trade higher volumes and your account balance is shown in dollars.
Please visit the Account Types page of our website.
From the MT4 platform, under the Menu, Go to “File > Open an account. Select ‘Profiforex-Demo or ForexStart-Demo from the list of servers and Press “Next”. Tick “New Account” and press ‘Next”.
Demo account will be deleted after a period if two months if it shows no sign of activity.
So in order to keep your demo account active you should login at least once in two months.
You can open a Micro account from the account registration page of our website. On this page you will find the Options above the Form “Micro account” and “Standard account”.
Click on “Micro account” and it will be highlighted in gray, then fill in the form and Click “Open a Real Account” below. You must copy or save the information presented to you on the next page if registration is successful.
Note: Carefully read the Client Agreement file. You can download it from the right corner.
You can open a Standard account from the account registration page of our website. On this page you will find the Options above the Form “Standard account” and “Standard account”.
Click on “Micro account” and it will be highlighted in gray, then fill in the form and Click “Open a Real Account” below.
You must copy or save the information presented to you on the next page if registration is successful.
Yes Profiforex offers Joint accounts. This option is available to you on the Account Registration page.
Before filling the form, click “Joint” and once it is highlighted in Blue, you can proceed to registration.
Yes Profiforex offers corporate accounts.This option is available to you on the Account Registration page.
Before filling the form, click “Corporate” and once it is highlighted in Blue, you can proceed to registration.
Note: Carefully read the Client Agreement file. You can download it from the right corner.
Yes, you may open as many accounts as you need for trading using the same name and email address.
Unfortunately, we cannot change the type of account.
After some couple of months of inactivity (dormancy) and zero account balance, your account would automatically archive or disabled.
Profiforex server time is GMT+2
Please use forexstart-real or forexstart-demo for your real and demo account respectively.
Trading sessions open at 9:00 p.m. Sun. (London time) and closes at 10:00 p.m. Fri. (London time). You can find the trading hours for all the instruments in the Trading Hours section of the website.
Profiforex offers 49 currency Pairs and above. Go to our Spreads and Swaps page of our website to view complete list.
Please contact our online chat support.
Yes, we have metals like Silver and Gold. Go to our Spreads and Swaps page of our website to view complete list.
Yes, we have CFDs such as GER30, NATGAS, etc. Go to our Spreads and Swaps page of our website to view complete list.
We offer both Fixed and Variable Spreads.
0.1 to 0.7
You have access to both types of spreads. From the mt4 platform, right click on any pair from the market watch window and select “Show All”.
Quotations without suffix = Fixed Spreads, no fee charged.
There is no commission for pairs with no suffix e.g. EURUSD .
But when you trade on instruments with suffix v you are charged a round turn commission of 0.3pips and 0.6pips when you trade instruments with suffix ECN.
The minimum and maximum lot size depends on the account type.
On a micro account the minimum lot size is 0.01 and maximum is 10 ,000 Lots whilst that of the standard account is the same for minimum lot size for micro 0.01 and maximum of 1000 lots.
Yes, it is. In the "Open order" window, click the "Volume" field and enter the desired volume of the deal.
We have no such restriction regarding transaction frequency. You can make as many transactions as you need for successful trading
Yes scalping is allowed with notice that Orders of less than 1 minute are not allowed and the deals will be cancelled if they last less than 1 minute.
Yes, there is a fee for rollover and it is called Swap.
You can open an opposite position. By doing so, you can close the position partly.
We do not provide such services.
Pending orders can be placed not closer than 10 pips.
In that case the trading account balance would be adjusted to zero .
On a micro account you can open 200 orders simultaneously and 300 orders on a standard account
The stop-out level is the status of a sub-account, when open positions are closed automatically (by the company) according to current quotations.
The company reserves the right to close the most unprofitable deals in order to avoid overspent balance (in a volatile market) when the margin level drops to 15%.
The last position is closed when the margin level is equal to 15%. For the deposits that exceed $1000 there is the other principle: Margin Call/Stop-out level - 80%/60%
The thing is that on the display you see only BID quotes. Pending orders that open a Buy position are executed at the ASK price.
These prices differ from each other by the spread size. For example, if you want a pending order on GBP/USD to be executed,
then the price should break through it on three points.
The minimum interval from opening to closing a deal on 4 digit quote deal is 60seconds. There is no restriction for orders made on 5 digit quotations.
While placing Take Profit or Stop Loss there are no restrictions in pips from the current price.
Visa/Master Cards, Skrill, Bitoin, Okpay, Webmoney, PerfectMoney, Neteller, RBK Money, LiqPay, W1, Yandex Money, QiWi, UnionPay, Boleto and Mobile.
Unfortunately, Paypal is not available at the moment.
The de-facto amount is one cent. However, the margin collateral for the minimal contract is 3 cents. You can start trading with this money, but for full-scale trading we suggest that you have 2-3 dollars. This sum will be sufficient for the "trial" deposit.
There is no restriction
Deposits are credited to your trading account instantly.
Please contact our Online support or send an email to email@example.com
Profiforex does not charge a commission or fee for Deposits.
However, some payment methods may charge a fee as you use their services.
Check if you have entered your card details correctly and try again.
If the problem persists, please try the other card processor. On the deposit page, you will find that there are two card processors.
Choose the other if one does not work.
If both of them do not work for you, you should contact your bank.
Absolutely, you can deposit on weekends and holidays and your deposit would be credited instantly.
Please send an e-mail to the Financial Department (firstname.lastname@example.org) describing the situation and also attaching the official letterhead document from the bank confirming that this card is cancelled due to the following reasons. Also if your account is not yet verified please verify your account in the Personal Area > Verification tab.
Unfortunately No, we do not accept any third party deposits
Yes you can, your deposit would be automatically converted in USD with no extra charge.
USC means US cents, this balance type is seen on Micro accounts also known as cent account, here $1 =100 USC .Note that all transactions are reflected in cents on micro accounts
Withdrawals can only be made to the same wallet in the same payment system that was used to deposit money to your trading account.
In this case, the withdrawal is made in the same proportion For example, if you deposit $100 into your account using Skrill and $50 using Bitcoin you have to withdraw the same proportions $100 to Skrill and $50 to Bitcoin.
Withdrawals are processed within 24hours. Withdrawals to Credit/MasterCard might take longer due to the delay from your bank.
The withdrawal fee depends on the payment system being used. Please visit our Withdrawal page, click on the payment system. You will find information regarding withdrawal fee at the right corner.
Yes, you can withdraw available funds. It is your responsibility to ensure that the account has enough money to maintain open positions. Withdrawal amount cannot exceed your free margin.
Yes you can. Visit the Withdrawal section of our website.
From the Payment methods displayed on the left, choose “Internal Transfer” from the bottom. Or click here to continue.
Please take notice that the transfers are processed within 24hours working
Unfortunately No, we do not accept any third party withdrawal request
No, You are responsible for paying your taxes, hence Profiforex do not provide any information about your income to the tax administration.
The minimum amount you can withdraw is 1 USD for most of the systems.
To find out the maximum amount to withdraw, go to the withdrawal page on our website and click on your payment method.
You will find the information about limits there. If there is no such information, it means there is no restriction on the minimum and maximum amount you can withdraw using that payment method.
Yes. To do so, login to the personal area and click the ‘Balance history’ tab in the ‘Personal Information’ menu item.
You will find your withdraw request details there. Click ‘cancel request’ button and your request will no longer be processed
We do not process withdrawal requests during the weekends.
If you place a request on Friday, it will be processed before the end of the day on Monday.
Download the trading terminal here.
You can find a user's guide within the terminal. To do so, choose "Help Topics" from the terminal's help menu or press F1.
Unfortunately we do not offer Multi-terminal MT4. But you can launch several copies of MT4 on the same computer. To do this you need to install MT4 into different folders several times. After doing this you will be able to launch several copies of the terminal at the same time
Go to our website and from the menu click trading tools and select MetaTrader4.
Click “Download”. After you have downloaded the Exe file, open it and follow the instructions.
Please follow this link.
It depends on the quantity of ticks received. Each tick occupies 14 bites.
Yes, of course it depends on the number of charts opened.
MetaTrader4 works through the 443 port, which you must activate.
There are two ways you can do this.
From the Terminal Window, right click on the order you want to close and select "Close Trade".
View - Toolbars - Line Studies; press the Backspace key to remove them.
News comes only in the test mode (only headlines of important news).
It means that your terminal has sent an inquiry but didn't receive an answer yet,
and sends one more inquiry. You should restart the programme in order to fix an error.
It could be one of the reasons below:
It's likely that you're using the investor's password for your trading account. Change the password to the main password in settings so that you'll be able to trade. The investor's password works only in view mode.
This error may occur due to low market liquidity.
In the terminal menu choose Tools\Options and the Server tab, and then mark the position: Enable DDE server.
Next, launch Excel and insert into the cell: =MT4|BID!EURUSD (for BID EURUSD), and then press Enter. It should work.
In the root directory, where MetaTrader is situated there is file DDE-Sample.xls, where you can find examples of how to get quotations.
Yes. You can install or upload EAs as long as it was created with the right Parameters.
Please read our Client Agreement for more information.
Yes, of course. Trading with the help of expert advisors is allowed on all account types.
Open your МТ4 and use the "File --> Open Data Folder" feature.
In the Data Folder window find the MQL4 folder. It contains all the necessary folders to install advisors, indicators, and scripts.
To install a custom indicator, advisor, or script, copy its files into the corresponding folders in the Data Folder: advisor files go into MQL4\Experts\, indicator files go into MQL4\Indicators\, and script files go into MQL4\Scripts\.
You need to allow their usage in the terminal: Tools - Options - Expert Advisors.They should work once you restart the terminal. It is possible to display user indicators, including oscillators, averages, etc., in the trading terminal for pocket PCs and smart phones. Do the indicators from MetaTrader MQ4 fit? In the trading terminal for Pocket PCs there are standard indicators, but user indicators can't be used.
1. Restart it
Yes, of course the. You can change the leverage in the your the Personal Area.
These leverages differ due to the fact that, with the leverage of 1:200, you can open a bigger position. When you open positions of the same volume, if your leverage is 1:200 the margin will be half of the margin that you will have with the leverage of 1:100. You get a bigger "action radius", in fact.
Dangerous. In all, Forex is a dangerous game. Here you can not only gain enormous profit but also lose money.
Leverage can only refer to your degree of freedom. This is like driving at the speed 200 km/h.
Yes, it's dangerous, but it can also be necessary. Some companies provide leverages of between 1:20 and 1:100, but instead we offer our traders every possible opportunity. You choose the driving speed.
Of course, we advise you to be cautious and use all those opportunities only in fortunate circumstances.
Your risk is limited by the money that you have on your account.
The Personal Area is a section of our website that is designed for those who have successfully registered an account with us.
On this section you can view your account balance, make changes to your Personal information, and verify your account.
You can also deposit and withdraw funds. It is your Personal Area.
You can sign in to your Personal Area by clicking the Login button on the top right corner of our website.
Your trading account number is your username; while your password is the same password you chose when you opened your account.
Your account Balance is displayed on the Top right corner of the Personal Area.
From the Menu, click "Trading". Your Account summary and pending orders will be displayed.
The history for the entire period is represented there. Unfortunately it cannot be modified.
You have probably typed your login or password incorrectly.
You should use your account number for login and trader password (the same password that is used to login MT4) for password.
No, verification is not obligatory. It is mostly needed for the extra safety of your account.
We do not place any form of restrictions on unverified accounts.However, we reserve the right to request for your documents when the need arises.
After account registration you can verify your account anytime.
Login to your Personal Area and Click the Verification Tab from the Menu.
Click “Upload document” on the verification page. Please click here now to verify your account.
After account registration you can verify your account anytime.
Login to your Personal Area and Click the Verification Tab from the Menu. Click “Upload document” on the verification page.
Please click here now to verify your account.
For Identification you’ll need to provide any of the following below:
Account Verification may take up to a maximum of 5 business days.
The reason your documents were rejected along with instructions will be sent to the email associated with your trading account.
Please make sure your files/documents are not in pdf format they should be in the png or jpg format only and shouldn’t exceed 1MB.
The best option would be to retrieve it. Use the Data Retrieval Form now.
This is the password that you need to provide whenever you want to place a withdrawal request.
It was generated by our system and provided to you when you registered your account on the registration successful page.
The Phone Password is a special password chosen by you. It is needed for the extra safety of your account.
You can set your Phone Password from your Personal Area. Under the personal information you will see the field to enter your phone password. Choose a combination of words and numbers that you can easily remember. Click ‘Save Changes” after you have entered your phone password. You can login to the personal area to change the phone password at any time
Unfortunately, you cannot change the name on your account.
The alternative is to open a new account using your new information.
Please note that you can transfer money only between the accounts with exactly the same name on them.
You can do this by Login into your Personal Area and click “Change a Phone” beside the phone number field. Follow the instruction on the page shown to you.
You can do this by Login into your Personal Area and click “Change a Mail” beside the email address field. Follow the instruction on the page shown to you
The investor password is a password given to an investor to monitor how his money is being used.
When an individual invests money into a trading account that is controlled by another trader, he is given a password.
With this password, he can login to the trading account, but cannot open or close a trader. The purpose of this password is to enable the investor see how the transactions are being carried out and the level of profit/loss.
Profiforex was established in 2010
Yes Profiforex is an ECN broker and offers STP execution
Yes Profiforex is regulated by GURS
Unfortunately due to regulatory and compliance reasons we are unable accept clients from the United States at the moment.