General Trading Conditions

Here you'll find some concepts of the TradeRoom trading conditions and additional facilities.

Account registration and maintenance

Minimum deposit for account registration is the amount required to open an account.

Minimum equity for trading is the deposit (equity) amount you may start executing trades from.

Recommended minimum deposit is the deposit amount allowing risk limited trade, but with the results paying their way.

Funding and Refunding currencies are the currencies you may make payments in, i.e. fund your account and withdraw funds.

Funding and Refunding methods are the methods you may deposit and refund your TradeRoom account with.

Account type:

Periodicity of interest addition is the balance interest calculation period. The interest rates in the trading conditions are always annual.

Interest rates are the annual rates of interest charge on multiple currency balances you hold in your account.

Refund period is the period from the moment you place a transfer order until a beneficiary account is credited with the funds. The period depends on the payment method and can range from a few minutes to several days. More specific terms for each payment method can be found in the Funds receipt and return methods section.

Account registration, maintenance and closing are the charges and fees for the account opening, keeping it active, and closing.

Payment fees

Payment fees can be fixed, or set percent of a payment amount. When per cent, the fee is usually limited from below (minimum) and above (maximum).

Incoming payment is a funds transfer to your TradeRoom account (account funding). You may add funds to your account with a bank transfer, from the WebMoney system, and from another TradeRoom account. Usually, it is the financial institution that you send the funds with which charges the fee.

Intra-Forexite outgoing payment is a TradeRoom account-to-account transfer.

Inter-bank outgoing payment is a funds transfer from your TradeRoom account to an account with any bank.

WebMoney outgoing payment is a funds transfer from your TradeRoom account to a WebMoney purse. When making the transfer, please specify the amounts in one of the WebMoney currencies.

Visa/MasterCard outgoing payment is a funds transfer from your TradeRoom account to your Visa or MasterCard payment card by the card number.

You can transfer your funds to other payment systems as well. The list of the payment systems available currently with their commission fees, can be found in the trading conditions.

Trade execution

Minimum Forex trade amount and Maximum Forex trade amount are the minimum and maximum amounts for Forex trades. Since the amounts are in USD, when making deals in a currency other than the US dollar take into account the currency exchange rate against it. Trades may be executed only within the range.

Minimum spread is provided for amounts starting from is the trade amount provided with a minimum spread from (in the event the amount affects it).

Lot size is a unit to measure the value of the deal. Sometimes fixed lots, e.g., 10,000 or 100,000 USD are used. Since the TradeRoom's lot may be "any", i.e. you may execute trades to any amount the odd one included, the system does not employ the term.

Round amounts requirement – round amounts are not required since deals to any amount, odd and fractional amounts (from the minimum trade amount on) as well, can be made.

Possibility to specify the trade amount in a base or a quoted currency allows your customary trade manner. The default currency is set to the base one which is common for the inter-bank market.

Physical delivery (Conversion)

Minimum Conversion trade amount and Maximum Conversion trade amount are the minimum and maximum amounts for Conversion trades. Since the amounts are in USD, when making deals in a currency other than the US dollar take into account the currency exchange rate against it. Conversion deals can be made within this range only.

Spread for Conversion trades – the conversion spread is usually higher than that of a Forex deal. Further details are in the Conditions – Instruments section of the menu.

Physical delivery is performed in currencies indicates the currencies you can add or withdraw your funds in. For more information, please refer to the Conditions – Currencies menu section.

Minimum amount for physical delivery and Maximum amount for physical delivery are the minimum and maximum amounts of physical delivery payments. Since the amounts are in USD, take into account the exchange rate of these currencies against the US dollar when making deals in other currencies.

Payments processing term depends on the payment method and can range from a few minutes to several days. More specific terms for each payment method can be found in the Funds receipt and return methods section.

Payment costs – please refer to the Payment fees above.

Trading hours

Opening and closing times for trade, position rollover time – the hours are stated according to the time zone you have specified in your account preferences. E.g., GMT+01 is the time zone for Central European Time (CET) which is +1 hour ahead of GMT (Greenwich Mean Time) in winter and +2 hours in summer. You may have to change your time zone in your settings when switching to summer time.

Over the weekends, Forex trading is disabled; however, you can convert your balances and work with your conversion orders.

The instruments scheduled 24/7, the cryptocurrencies particularly, can be traded round the clock, including weekends. You can find the list of these instruments in the Conditions – Instruments menu section.

The virtual (demo) accounts have all operations enabled over the weekends.

Note: Anytime access to your account over weekend is not guaranteed because of the now and then hardware and software updates and upgrades as well as the routine maintenance.

Equity requirements

Margin (leverage) required for position opening

Margin is an amount of a deposit (equity) used to support an open position. A margin level is the margin expressed as a percentage of the position amount.

Leverage is the margin ratio. It shows how many times a maximum open position can exceed your equity.

Say, if the required margin equals to 1% (as a result, the leverage being equal to 100), your equity should be no less than 1% of the position to be open.

TradeRoom uses a floating leverage, and the margin level increases at the use of a larger equity to minimize risks. Please note the margin level does not depend on your equity and changes when it is used to support the open positions only.

Let's explain by example.

  1. If the leverage equals 100 for the margin ranging from 0 to 50,000 USD, then the margin you need to open a position of 100,000 USD is 100,000 / 100 = 1,000 USD. Therefore you can open a position 50,000 * 100 = 5,000,000 USD with the first 50,000 USD of your equity.
  2. The leverage is 50 for the next 50,000 USD of the equity. Please note this leverage is applied to the new deals (positions) only. The leverage and margin remain unchanged for the position of 5,000,000 USD you have already. However, the margin grows faster at its increase. E.g., at the position increased by 100,000 USD the margin will grow by 100,000 / 50 = 2,000 USD. As the result, with the extra 50,000 equity you can increase your open position by 50,000 * 50 = 2,500,000 USD, and your total open position will become 7,500,000 USD.
  3. At the further increase of the open position the leverage becomes equal to 25. It means that the increase of the position opened in the sections 1 and 2 by 100,000 USD will require the margin 100,000 / 25 = 4,000 USD.

Minimum margin is a floor deposit amount (percent of the margin required) descending which a position can be forcibly closed at the current rate. For instance, the minimum margin makes 25%, with the margin required being 1%. Then, if the deposit (equity) amount becomes less than 0.25% (calculated as 0.25 * 0.01) of the position amount, all the positions would be forcibly closed. For weekends, the minimum margin may be higher.

Maximum open position on the client's account is a ceiling overall position (a total of the positions) open in your account. Trades with the total open positions remaining below the maximum one may be executed only.

Order operations

Minimum order amount and Maximum order amount are tolerated order amounts. Orders within the range may be placed only. Since the amounts are in USD, please take note of the currency rate to the US dollar when placing orders in other currency than USD.

Slippage at order execution is an order execution at the rate different from the one in the order. Slippage being "none" means order is executed exactly at the rate in the order. Market conditions are not "normal" when a quote is up or down several tens of points at once. This happens sometimes at trading start on Sunday evening, when main economic indicators are published. Within ordinary trading hours it is seldom to occur.

Limitation on placing an order close to the current rate – limitation being "none" means an order placement at any distance from the current rate, from 1 point on.

Order types are the order types available in the TradeRoom system:

Automatic order type identification means that you can choose Auto for the order type. The system determines the type of the order (Stop or Limit) automatically, proceeding from its parameters (way, instrument, currency, rate), and the current rate.

Order links are the methods to bind orders:

Order validity period are methods to limit orders validity:

Possibility to specify order rate as an increment to a base rate – along with a standard way of an order rate specification as a fixed value, TradeRoom offers an opportunity to set it as an increment, which is the distance to a base rate. For more information see Specifying order rate as an increment.

Trailing feature for Stop-orders allows to automatically change the rate of a Stop-order at market movements so that the distance between the order rate and the current rate would not exceed the specified trailing distance. Trailing is carried out on the server so it does not depend on the TradeRoom running on your computer. For more information see Trailing FAQ.

Minimum trailing step is a minimum Trailing step for a Stop-order. It differs for different instruments and thus is specified as a multiple of instruments' spread. For more information see Trailing FAQ.

Additional facilities

In urgent situations, when you do not have access to the Internet, you can execute trades, manage your orders, and receive information on your account making a call to the number stated on the web-site. To access your account over the phone, you are to tell your phone password.

Customizable automatic currency conversion allows you to customize the automatic currency conversion to the US dollars, or any other currency. It is a convenient facility for executing trades on various instruments as the profit or loss result then in different currencies. Daily automatic conversion of all the currencies to USD is set by default.

Customizable set of instruments for Forex trade allows you to limit the instrument set used for execution of Forex trades and placing orders for a Forex trade. This simplifies selection of a needed instrument from the list.

Customizable set of standard trade amounts – you can pre-set the trade amounts you most frequently request quotes for on the Forex trade page as well as at an order placement.

Customizable default order rates – you can pre-set default values to the rates of orders proposed. The default values are specified as a distance of the proposed order rate from the reference rate and are used at an order placement after a Forex trade execution, and when placing linked orders to an order.

Notification of events by e-mail – you can select account events upon which you will receive a notification to the e-mail address you have stated.

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