WORLD'S NO. 1 ONLINE FINANCIAL DERIVATIVES BROKER
Trading Conditions
Enjoy the best trading conditions in the industry for products including forex, metals, shares, indices, commodities, cryptocurrencies and more!
Account Base
Currencies
MultiBank Group's platforms operate during standard interbank forex market trading hours opening at 00:00 GMT+3 time on Monday and closing at 23:59 GMT+3 time on Friday.
One of the advantages of these time settings is that the charts on our platforms can be viewed in a standard 5 trading-day week for the most accurate analysis and easier reporting.
Minimum deposit amount is $50
Trading Condition
Updates
Amazon (AMZN.OQ) is doing a stock split, which will increase the number of shares that has a company has, the split will be 20-for-1 transaction, this change will not affect trading conditions for the financial derivatives share.
The contract size of the Nikkei225 changed from 1 to 100.
Twitter financial derivatives share is on close only, therefore, opening a new position on Twitter derivatives share is disabled.
We have added new pairs to our crypto derivatives, you may trade now on ADAUSD, BCHUSD, DOTUSD, EOSUSD, LNKUSD, LTCUSD.
Margin Requirement
Margin trading can be a useful method to boost your equity, enabling you to make profits without having to increase your deposits. Margin trading also comes a risk of you sustaining losses in excess of your deposited funds.
Please refer to specific risk warning for each regulated entity during the account opening process.
Forex
One standard lot = 100,000 units of the base currency
Under Leverage rate of 1:100
Margin per lot = 1,000 units of the base currency
Margin for 1 lot of USDJPY = $1,000
Margin for 1 lot of EURUSD= €1,000
The currency pair is automatically converted from the base currency to the quote currency at the exchange rate at the exact time when the transaction is recognized.
Stop-out Level
MultiBank Group trading platforms are set to automatically close open positions when the stop-out level is reached. For all accounts, when the equity in the trading account falls below 50% of the required margin, the stop-out level will be reached.
MultiBank Group will automatically close open positions at ‘Market price’, releasing in the order of highest to lowest floating loss until the margin level is reached.
*When the market is experiencing swift fluctuations, there is no guarantee about the order of stop out. Instant adjustments may be made by MultiBank Group according to instant market situation, clients are responsible for risks that may arise thereof. MultiBank Group reserves the right of final explanation concerning the order of stop out.
* Please note that when there is a hedged position in the account, instant widening of spread may cause equity change. If that leads the equity to drop into negative, stop out will be intrigued as a result.
Tiered Margins on Exotic Pairs Across All Account Types
Restricted by market depth and for risk control, Maximum Lots per Click and Maximum Open Positions are as follows
Pending Orders
Clients shall calculate the account equity when reaching the pending order price, to maintain required real-time margin for the execution of pending orders.
While pending orders would be automatically cancelled if the margin level is not enough for the execution of the transaction when the price level has been reached.
Hedged Positions
Hedging positions (trading long and short on the same instrument) is enabled on MultiBank’s trading platforms. Customers can choose whether to execute a hedged position which reduces the margin requirements.
Holding a hedged position does not lock in the profit/loss or guarantee the equity in the account. Hedged positions will continue to be subject to swap rates.
Open positions on hedged accounts may be closed in the event of spread widening due to thin liquidity and/or when the equity of the account reaches the stop out level.
Order Execution
Quotes by MultiBank fluctuate according to the prices of our over 20 bank liquidity providers.
In the case of special market conditions (e.g. data, news, market opening and closing hours), there may be a price gap or widening spreads. Orders would be executed in accordance with spreads available at the time.
In consideration of possible gaps, Customers should consider to close their positions prior to the weekend.
If any disputes shall arise regarding order execution, please feel free to contact our 24-hour online customer service or call our 24-hour hotline, our customer service staff will notify the trading desk in real time. If you are not satisfied with the result, please email our technical department with your account number, order number, result, and your opinion. If you hold an open position, please close the position and appeal based on your trading intention. If the order is retained out of your will, you shall take full responsibility for profit and loss caused due to fluctuations in the market during the complaint period. MultiBank Group reserves the right of final explanation of this statement.
If your account has not been trading for three consecutive months, it will be archived as inactive. For inactive accounts, MultiBank Group may charge a monthly maintenance fee of $60 each month.
