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I have a MetaTrader 4 account. Can I get another one?

 

Yes. If you have an existing MetaTrader 4 account, you may request another one by following this link and filling out the electronic form.

 

I need to reset my password. How do I do that?

 

To reset your password at any time, click this link below:

 

Why did my order get filled at a different price?

 

When you use MetaTrader 4, your orders will be filled at the nearest market price, this is known as slippage. This can be at a worse or better price than you requested. Slippage is possible on all orders during times such as when the market reopens, around news announcements, and at times of extreme market volatility.

 

Are partial fills available?

 

Trades made on MetaTrader 4 will be filled completely or not filled at all.

 

How will I know if I’m close to a margin call?

 

When your free margin falls below 100% of your margin requirement our system will automatically send a warning email. If your free margin falls below the 100% margin level required please be aware that your trades may begin to be liquidated. If any position is liquidated you will receive an email informing you of this. Please note that in fast markets there may be little or no elapsed time between the warning being sent and the position liquidated.

You should always be aware of your risk and your margin requirements and ensure you have sufficient funds in your account to cover those requirements.

 

What’s the lot size of my trade?

 

For CFD accounts in MetaTrader 4, 1.0 equals 100,000 units, .10 equals 10,000 units, and .01 is equal to 1,000 units. You can enter a specific lot size when you place an order in the New Order window, the Mini Terminal, or the Trade Terminal.

You can also view the lot size of your current positions in the Open and Pending Orders section of the Trade Terminal and on the Trade tab of the Terminal window.

 

What is a trailing stop?

 

You can use trailing stop orders to help protect profits without limiting any potential gains on your open positions.

When you enter a trailing stop on an open position, you select a specified number of pips or points (10 points = 1 pip) between the stop and the current price. MetaTrader 4 will then place the trailing stop in two parts.

When the market moves against your position after the trailing stop loss has been set, the stop loss remains set at the last trailing price that it reached when the market was moving in your favour. You can confirm this price by looking at the S/L column within the Trade tab or the Open and Pending Orders window.

 

How does a trailing stop work in MetaTrader 4?

 

Let’s look at an example. We’ll say that you are long EUR/USD at 1.3500. You want to protect what you’ve earned so far; so you enter a 200 point (20 pip) trailing stop order.

Once the market hits 1.35200, the trailing stop becomes active in MetaTrader 4. At 1.35200, the stop will trail the current price as long as the market moves your way and you are still logged in.

However, you need to log out of MetaTrader. The market is at 1.35300. Even though market moves your trailing stop will no longer trail but becomes a regular stop loss order at 1.35100, 200 points below the last market price.

Now, let’s say that you log back in. While you were logged out, the EUR/USD didn’t move below 1.35100 (so your stop loss was never triggered). In fact, the EUR/US D rose steadily to 1.36000. In this case, MetaTrader will adjust the stop loss to 1.35800 and resume trailing the current market moves by 200 points.

However, if the market had moved to 1.36000 and then subsequently fallen back to 1.35000 your stop would have been activated at 1.35100.

 

How do I place a trailing stop on an order?

 

There are several ways to place a trailing stop in MetaTrader.

You can place one quickly by right-clicking in an order row on the Trade tab of the Terminal window and select Trailing Stop. This displays a drop-down menu where you can select the number of points (10 points = 1 pip) you want.

The Trailing Stop drop-down menu also contains the Custom… menu option. When you select this, you can enter a specific number of points in the Custom window.

In the Open and Pending Orders section of the Trade Terminal, you can place trailing stops on all positions or selected ones by clicking Tools and under both the All Orders and Selected Orders options, you can choose Trailing Stop. From this list, you can select a trail in pips.

From the Mini Terminal or the Market Watch section of the Trade Terminal, you can click the Edit icon and select New Order. When the New Order window opens, you can set up the order and specify a trailing stop. Once active, you can look at the S/L column within the Trade tab or the Open and Pending Orders window.

 

Does my trailing stop work if I log out of my MT4 account.

 

No if you log out of your MT4 account your trailing stop will become a hard stop. See ‘How does a trailing stop work in MetaTrader 4’ above for further details. Please note if you use our VPS service your MT4 account is always logged on.

 

What is Event Risk?

 

Event risk refers to the risk of the market moving due to an upcoming news release. Many traders prefer not to take positions ahead of important news releases due to the risk of not knowing the outcome.

 

Can prices change over a weekend or holiday?

 

If an extreme world event happens over the weekend, there may be a significant difference in the price of a market when it closed on Friday and when it will open on Sunday. This is called gapping and it means that there are no tradable prices between the closing price on Friday and the opening price on Sunday. All orders which are triggered by the jump in price will be filled at the opening rate at the beginning of the week.

 

What are the trading hours?

 

The trading hours are 24 hours per day, starting at 00:00 Monday and closing at 24:00 Friday server time. Server time is UK time + 2

 

When is the Asian trading session for Forex trading?

 

The Asian trading session starts around 7PM Eastern Time and ends around 4AM Eastern Time.

 

When is the US trading session for Forex trading?

 

The US trading session starts around 7AM Eastern Time and ends around 4PM Eastern Time.

 

When can I place trades in MetaTrader 4?

 

You can place orders and monitor your positions on MetaTrader 4 from 17:00 ET on Sunday (22:00 UK Time) until 16:45 ET on Friday (21:45 UK Time).

If there is a change to these hours due to a holiday, we will send out an advanced notice.

 

Can I hedge trades using MetaTrader 4?

 

Yes you can have both a long and short position in the same currency pair with an equal number of lots. You will be able to see both positions on your MetaTrader 4 account.

 

MT4 Mobile

 

How do I access MT4 on my iPhone/iPad?

 

In the Apple app store:

How do I access MT4 on my Android device?
In the Google Play store:

How do I close an open position on the MT4 mobile app?

 

To close an open position, you need to tap the position in question, revealing the full details of the position. Press and hold down on the details section in order to access the menu to close.

 

Can I attach a stop or take profit order to an existing order or position on the MT4 mobile app?

 

You can attach a stop, or take profit to an existing order in the app. To attach a stop or take profit order to your existing position press and hold down on the order and choose the modify option.

 

Are EAs available on MT4 Mobile?

 

No, EAs are currently not available on the mobile apps.

 

How do I set up rate alerts in MetaTrader 4?

 

First, obtain your MetaQuotes mobile app ID in the MetaTrader 4 iPhone or Android apps by going to Settings > Messages. The first message labelled “Hi” contains your MetaQuotes ID. Next, in the MetaTrader 4 desktop terminal, go to Tools > Options > Notifications, enter your MetaQuotes ID, check off “Enable Push Notifications,” and click OK. Then, click on the Alerts tab and right click to pull up the options menu. To create a new alert, click Create, enter your specifications, and choose Notification as your delivery method within the Actions section. You will receive your rate alert as a push notification to your mobile device.

 

What is MetaTrader 4?

 

MetaTrader 4 (MT4) is an electronic trading platform with automated trading capabilities. We have licensed the software so our clients can access ForexCFDs liquidity while using MT4.

 

Will I be able to download the software on my Macintosh computer?

 

The MT4 software will only be available natively for Windows based applications. But some third party software on the Macintosh such as Parallels, WinOnx, etc. allow you to run windows based software on them. We have a guide to doing this.

 

Where can I download the MetaTrader 4 software?

 

You will need an account to access all of the features of the MetaTrader 4 platform. To sign up for an account, Click here.

 

How do I register for a demo account?

 

You can register for a ForexCFDs MT4 demo account quickly and easily via our website: Click here.

 

How do I open a live account?

 

Applying for a ForexCFDs MT4 account is quick and easy. The online application takes less than 5 minutes to complete and can be accessed at the following link: Click here.

 

What lot sizes are available?

 

MetaTrader 4 users have the option to trade in micro (.01), mini (0.1) and standard lots (1.0).

 

I’m receiving a message saying: “Trade context is busy”. What should I do?

 

To resolve the error message Trade Context is Busy, log out and log in to the ForexCFDs MetaTrader 4 platform. This message appears if the cancel button is pressed while an order is in the process of execution.

 

Will fractional pips be offered on MT4?

 

Yes.

 

Will hedging be automatically enabled?

 

Yes.

 

Is one-click trading feature available on MT4?

 

Yes.

 

Will MT4 allow for partial fills on large orders?

 

No. Orders to open and close trades, as well as take profit (TP) orders execute Fill or Kill (FOK). These orders only execute if they can fill in their entirety at the requested price. These orders cannot be broken up and filled at multiple prices.

 

Will there be order size limits on MT4?

 

ForexCFDs MetaTrader 4 allows for order sizes up to 50 million per trade for the Pro account tier. Please check our market information sheets for further information.

 

Can I have two accounts show in the MT4 client terminal?

 

Only one account will show at a time in the MT4 Client Terminal.

 

How can I see my statements?

 

You receive daily and monthly statements by email. Additionally you can download your trade history reports from the MT4 trade terminal directly.

 

Where can I obtain my account reports?

 

The dealing software tracks all trading activity in real time, allowing clients to view current open positions, real-time profit and loss, margin availability, account balances and all historical transaction details directly on-screen. In addition, clients can access their account statements by right-clicking in the Account History tab and selecting their time frame.

 

What ports do I need to have opened to run MetaTrader 4?

 

You will need to open port 443 on your firewall to properly run the MetaTrader 4 platform.

 

How do I see all the currency pairs that ForexCFDs offers?

 

Within the Market Watch window, all of the currency pairs eligible to trade can be viewed by right-clicking within this section and selecting ‘Show All’. All currency pairs will appear thereafter.

 

How do I display High/Low Prices in the Market Watch window?

 

The Market Watch window, displays the high/low prices.

The steps are as follows:

How do I fix the “Waiting for Update” message on my charts?

 

Click on the symbol you want to view from the Market Watch section of the trading platform and drag it into the chart window.

 

How can I change the default language?

 

To change your language preference, go to View > Languages. Select your default language. You may need to restart the MetaTrader 4 application for the changes to take effect.

 

How do I zoom in or out of a chart?

 

To zoom in or out on a chart, right-click on the chart and select Zoom In or Zoom Out. You can also use the keyboard shortcut (Shift +) to Zoom in and (Shift -) to Zoom out.

 

How do I change my chart type?

 

From the top Menu bar, select Charts. Choose your chart type preference.

 

What are expert advisors?

 

With MetaTrader 4, you can use automated trading strategies called expert advisors (EA) to perform prompt technical analysis of price data and manage trading activities based on current market conditions. If you are using an EA and do not have a Virtual Private Server subscription, your EAs will stop running when you are logged out of Meta Trader.

If you have questions on how an EA works, you will need to contact the EA provider. But, if you need help managing EAs in MetaTrader 4, our client services department will be happy to help you.

 

What do I need to program Expert Advisors and custom indicators?

 

To create and compile Expert Advisors and custom indicators, use the built-in “MetaEditor”. It is accessible from the client terminal and is a convenient development environment for MQL 4 programs. (For details on how to use this MT4 feature, read the user guide available within the MT4 interface.)

 

Will I be able to upload my Expert Advisor?

 

Yes.

 

What is a custom indicator?

 

A custom indicator is a program developed in MetaQuotes Language 4 (MQL 4) by the user and functions as a technical analysis trading indicator. Technical indicators are mathematical calculations of currency pair prices created to help forecast future price changes. Traders use indicators to help assess if a current trend will remain the same, and where it will turn. Indicators are intended to simplify the complicated process of decision making in trading. Their algorithms are also used to develop trading tactics and Expert Advisors.

 

How can I create Trend Lines and other Line Studies?

 

To add a trend line or line study, go to Insert > Lines and choose a line study. Line studies can be adjusted on the chart by dragging the white point to the desired area.

 

How do I view the time frame toolbar?

 

To view the time frame toolbar, go to View > Toolbars and make sure that Periodicity is checked. You will then see the following buttons in the new toolbar:

M1 = 1 minute chart

M5 = 5 minute chart

M15 = 15 minute chart

M30 = 30 minute chart

H1 = 1 hour chart

H4 = 4 hour chart

D1 = daily chart

W1 = weekly chart

MN = monthly chart

 

What time zone is used for charts and can I change it?

 

Charts are based off server time and cannot be changed.

 

How do I place a trade within the MetaTrader 4 platform?

 

To place a trade, select Tools > New Order. Choose the currency pair’s symbol, the trade size volume, and Market Execution for Type. Click Sell or Buy within the Market Execution section to place the trade.

 

How do I close an open position?

 

To close an open position, double-click the position within the Trade section of the platform. Within the Order ticket, click the Close button. You will receive a confirmation of your trade.

 

How close to the prevailing price can I place stop and limit orders?

 

Limits and stops must be set at least 1 pip away from the prevailing market price.

 

I have specific user settings that I would like to apply each time I start my platform how can I set them to load? (MT4 – Templates)

 

To save the settings to default so that whenever a new chart is opened the settings are automatically applied (once the chart is modified) go to the “Template” button (usually the last button on the right of the toolbar), click “Save Template” and give your template the name “Default.”.

Saving a template will save the following chart settings:

Can I receive alerts via Email?

 

Follow these steps to setup Email alerts within MT4;

(All SMTP settings vary depending on your Internet Service Provider. If this error message is received, contact your ISP’s technical support and ask for the SMTP settings. If you use Outlook, you can find out the SMTP settings by going to Tools > Email Accounts > Next > Change (> Cancel when done)).

SMTP Server – This is your ISP’s mail server address. SMTP Login – This is your login ID to access your mail. SMTP Pass – Your mail password. From – This is the email address the email will come from. This is typically the same address as stated in the SMTP login field. To – The address you want it to go to.

Before you click on the “TEST” button be sure to select “OK” to apply the settings, then go back into TOOLS > OPTIONS to test your settings. See the JOURNAL (Terminal window > Journal) for any error messages. The email settings in the tools menu can be combined with an Expert Advisor or Alert that triggers an email sent to you. We do not offer support for this.

Timeout means once the criteria is met it will wait X seconds before generating another signal. Max Iterations means it will generate a signal X amount of times before stopping.

Thus at default settings, if you do not edit this you will get an email every 10 seconds for the next three hours.

 

What is Drawdown?

 

Drawdown is the difference between the balance of your account, and net balance of your account. The net balance takes into account open trades that are currency in profit, or currently in loss. If your account net balance is lower than your account balance, this is called drawdown.

 

What is an interest rate differential?

 

An interest rate differential is the difference in interest rate between two currencies in a pair. If one currency has an interest rate of 3% and the other has an interest rate of 1%, it has a 2% interest rate differential.

 

What is a take profit order?

 

A take profit order is an order that closes your trade once it reaches a certain level of profit. When your take profit order is hit on a trade, the trade is closed at the current market value. Take profit orders are also sometimes referred to as limit orders.

 

What is a stop loss?

 

A stop loss is an order that closes out your existing trade in order to limit losses. Stop losses are literally used to stop the loss of your trading capital. When your stop loss order is hit on a trade, the trade is closed at the current market value.

 

What does it mean to “go long”?

 

When you go long you are simply placing a buy order on a currency pair.

In Forex trading all currency pairs have a base currency and a quote currency. The quote will usually look something like this: USD/JPY = 100.00. The USD is the base currency and the JPY is the quote currency. This quote shows a rate of $1 US Dollar being equal to 100 Japanese Yen. When you place a long trade on this currency pair, you are going long on the USD Dollar and simultaneously going short on the Japanese Yen, but you would make this trade if you believed that $1 was going to become more valuable than 100.00 Japanese Yen (i.e. $1 = 101.00JPY)

 

What are pending orders?

 

A Pending order is an instruction to open a position when the current price reaches the order level.

There are four types of pending orders:

Buy Stop – an order to open a Buy position at a price higher than the price at the moment of placing the order.

Sell Stop – an order to open a Sell position at a price lower than the price at the moment of placing the order.

Buy Limit – an order to open a Buy position at a lower price than the price at the moment of placing the order.

Sell Limit – an order to open a Sell position at a price higher than the price at the moment of placing the order.

 

What is a Forex spread?

 

The spread is the amount of pips between the bidding price and the asking price. The spread is what Forex brokers use to make money on every Forex trade placed through their network. For example, the Forex broker may be paying a price of 1.3600 for buying or selling. The broker will then allow you to buy the currency for 1.3601 or sell it for 1.3599. The spread always stays around the actual price that the Forex broker is paying. So when you buy, you get one end of the spread and when you sell you get the other end of it, and vice versa. By the time you close your trade, you will have always paid the spread.

 

What is market noise?

 

Market noise is the seemingly mindless back and forth movement on the smaller time frames. A trader’s definition of market noise is usually relative to the time frames that they are trading. A trader that trades a 1 hour time frame might think that the 15 min chart contains market noise while a trader that trades 15 minute charts might think that a 5 minute chart contains market noise.

 

What is a Margin Call?

 

A margin call happens when a trading account no longer has enough money to support the open trades. This happens when there are too many floating losses. For example, if you are using 200:1 leverage and you have a $20 account and use $10 to open a trade; your trade size on the market would be $2000. Each pip would be worth around 20 cents. If the market moved against you by 50 pips that would be floating loss of $10. Since it takes $10 to keep your trade open, at a floating loss of $10.01, you will no longer have enough free margins to cover your required margin. At that point we will automatically send you an email warning you your margin is less than 100% and you need to add funds to your account.

 

How to calculate the amount of margin for a trade?

 

The amount of margin is dependent on the leverage on your account; if your leverage is 1:200 you will be required to pay 0.5% margin; if your leverage is 1:50 your margin requirement is 2%.
In CFD’s the margin is calculated as:
No. of contracts x contract size x price x margin percentage.
For example, if you wish to buy/sell 2 mini lots of GBP/USD at a price of 1.6580 with leverage of 1:50
2 x £10,000 x 1.6580 x 2% = $663.20
For a Spread Bet or Spread Trade the margin is calculated as:
Bet size x (price x 10,000) x margin percentage
For example, if you wanted to buy/sell £2/point of GBP/USD at a price of 1.6580 with a leverage of 1:50
£2 x 16580 x 2% = £663

 

What is the difference between Balance and Equity?

 

Balance: When you have no open position, balance is the amount of the money you have in your account. For example, when you have a $5000 account and you have no open position, your account balance is $5000.

Equity: Equity is your account balance plus the floating profit/loss of your open positions: Equity = Balance + Floating Profit/Loss. When you have no open position, and so no floating profit/loss, then your account equity and balance are the same. And for example when you have some open positions and they are $1,500 in profit in total, then your account equity is your account balance plus $1,500. If your positions were $1,500 in loss, then your account equity would be your account balance minus $1,500.

 

What is a Pip?

 

PIP stands for Percentage In Point. It is equal to 1/100 of 1%, or .0001. In Forex, currency prices are typically quoted to the fourth decimal. For example, if the EUR/USD pair moves from 1.3410 to 1.3420 it has moved by 10 pips. If the EUR/USD increases by 1 full cent in value (from 1.3410 to 1.3510), it has increased by 100 pips.

 

What is the value of a pip?

 

Determining Pip Value

 

1. Determine the number of CAD each pip represents by multiplying the amount of the trade by 1 pip as follows:

300,000 x 0.0001 = 30 CAD per pip

 

2. Divide the number of CAD per pip by the closing exchange rate to arrive at the number of USD per pip:

30 ÷ 1.0568 = 28.39 USD per pip

 

3. Multiply the number of pips gained, by the value of each pip in USD to arrive at the total loss / profit for the trade:

20 x 28.39 = $567.80 USD profit

Currency Pair Exchange Rate at Close Pip Change Trade Amount
EUR/GBP 0.8714 +29 350,000 EUR

 

1. Number of GBP per pip: 350,000 × 0.0001 = 35

2. Per Pip Value: 35 ÷ 0.8714 = 40.17 EUR per pip

3. Trade Profit / (Loss): 29 pips × 40.17 = 1, 164.93 Euros

Currency Pair Exchange Rate at Close Pip Change Trade Amount
AUD/NZD 1.2703 -17 175,000 AUD

 

4. Number of NZD per pip: 175,000 × 0.0001 = 17.5

5. Per Pip Value: 17.5 ÷ 1.2703 = 13.78 AUD per pip

6. Trade Profit / (Loss): (17) pips × 13.78 = (-234.26) Australian Dollars

Currency Pair Exchange Rate at Close Pip Change Trade Amount
CHF/JPY 83.84 +18 500,000 CHF

 

7. Number of JPY per pip: 500,000 × 0.01 = 5,000

8. Per Pip Value: 5,000 ÷ 83.84 = 59.64 CHF per pip

9. Trade Profit / (Loss): 18 pips × 59.64 = 1,073.52 Swiss Francs

Currency Pair Exchange Rate at Close Pip Change Trade Amount
USD/JPY 91.16 -27 200,000 USD

 

10. Number of JPY per pip: 200,000 × 0.01 = 2,000

11. Per Pip Value: 2,000 ÷ 91.16 = 21.94 USD per pip

12. Trade Profit / (Loss): (27) pips × 21.94 = (-592.38) U.S. Dollars

 

What is a Currency Pair?

 

In Forex trading, all currencies are quotes in pairs. For example, in comparing the Euro Dollar (EUR) to the US Dollar (USD), you would quote the currency pair EUR/USD. A currency pair is a set of currencies that are being quoted against each other. In a currency pair there is always a quote currency and a base currency. The first currency in the pair is the base currency and the second currency is the quote currency. When we render a Forex quote for this pair, we are saying how many dollars each Euro is worth. If the quote is EUR/USD 1.31 that says 1 Euro is worth 1.31 US Dollars.

How do I calculate CFD FX and Non-FX statement conversion rates?

 
The profit of CFD trades is initially calculated in the quote currency of the symbol and then converted into the base currency of your trading account. The conversion rate used for the calculation is the current market rate. To calculate the conversion rate that has been used to calculate your profit you first need to calculate the profit generated in the quote currency.
 

FX CFD Conversion Rate Calculation

FX symbols are composed of a Base Currency and a Quote Currency. The notional value of the Base currency is calculated as the contract size (100,000) x the lot size. The differential of the quote currency’s value is the profit or loss that has been generated on the trade.
  
For example, you execute the below EURGBP trade and you wish to calculate the conversion rate used to generate your Profit & Loss in AUD (P&L in AUD) on your statement.
  
Statement Entry:   

Open Time Type Symbol Volume
(Lot size)
Open Price Close Time Close Price P&L in GBP
2017.12.28
13:38:29
Buy EURGBP 0.10 0.88824 2017.12.28
15:44:02
0.88854 5.28

  
Quote Currency P&L Calculation:
  

Action Type Base
Currency
Notional value in
the Base currency
(contract size x lot size)
Price Type Quote
Currency
Notional value in
the Quote Currency (contract size x lot
size x current market price)
Open Buy EUR 10,000.00 0.88824 Sell GBP 8,882.40
Close Sell EUR 10,000.00 0.88824 Buy GBP 8,885.40
Total GBP 3.00

  
Above calculation shows that you have bought 0.10 lot EURGBP at 0.88824 (10,000 EUR at 0.88824) and then sold 0.10 lot EURGBP at 0.88854 (10,000 EUR at 0.88854).
  
In the market terms it means that to buy 10,000 EUR when EURGBP is trading at 0.88824 one would need to sell 8,882.40 GBP. To sell back 10,000 EUR later when market is trading higher at 0.88854 one would have made profit of 8,885.40 – 8,882.40 = 3.00 GBP.
  
For simplicity you can also use below calculation formula to calculate P&L for Buy position  
(Close price – Open price) * Contract size * Lot size = P&L in a Quote Currency   
(0.88854 – 0.88824) * 100,000 * 0.10 = 3.00 GBP

  
Conversion Rate Calculation:

 
To calculate conversion rate for above example you would need to divide P&L in the quote currency (GBP) by the P&L in the account currency (USD) that can be found in your trading terminal and/or on your account statement.
   Quote CCY P&L (GBP 3.00) / Account CCY P&L (AUD 5.28) = Conversion rate (0.56818)

   In this instance the conversion rate of 0.56818 would represent the AUDGBP conversion rate.

 

Non-FX Conversion Rate Calculation

Non-FX CFD products are quoted in the base currency of the symbol. This is (usually) the currency of the country or region where the product is based e.g. SP500 in USD and Bund in EUR.
  
Contract Sizes and tick values need to be taken into account for calculating the notional value of the symbol.
  
For example, you execute the below GER30 trade and you wish to calculate the conversion rate used to generate the Profit&Loss in USD on your statement. The GER30 is valued in base currency EUR, and has contract size of 1 and the tick value of 1.
  
Statement Entry:
  

Open Time Type Symbol Volume
(Lot size)
Open Price Close Time Close Price P&L in GBP
2017.12.13
10:22:08
Buy GER30 0.20 13,190.5 2017.12.13
22:57:11
13,074.5 -35.93

  

Quote Currency P&L Calculation:
  

Action Type Symbol Volume
(Lot size)
Price Base
Currency
Notional value in the Base
currency (contract size x
lot size)
Open Buy GER30 0.20 13,190.50 EUR 2,638.10
Close Sell GER30 0.20 13,074.50 EUR 2,614.90
Total EUR 23.20

  
Above calculation shows that you have bought 0.20 lot GER30 at 13,190.50 (2,638.10 EUR) and then sold 0.20 lot GER30 at 13,074.50 (2,614.90 EUR).
  
In the market terms it means that to buy 0.20 lot GER30 when GER30 is trading at 13,190.50 one would need to sell 2,638.10 EUR. To sell back 0.20 lot GER30 later when market is trading lower at 13,074.50 one would have made loss of 2,614.90 – 2,638.10 = -23.20 EUR.
   For simplicity you can also use below calculation formula to calculate P&L for Buy position
   (Close price – Open price) * Contract size * Lot size = P&L in a Quote Currency
   (13,074.50 – 13,190.50) * 1 * 0.20 = -23.20 EUR

  
Conversion Rate Calculation:
  
To calculate conversion rate for above example you would need to divide P&L in the quote currency (EUR) by the P&L in the account currency (GBP) that can be found in your trading terminal or on your account statement.
   Quote CCY P&L (EUR -23.20) / Account CCY P&L (AUD -35.93) = Conversion rate (0.64570)
  
In this instance the conversion rate of 0.64570 would represent the AUDEUR conversion rate.

  
All specifications for each symbol (including contract size) can be found on our MT4 platform.

On MT4 platform go to VIEW -> Market Watch  

  
Then select the symbol you wish and press right click. After click specification
  

  
As can be seen below all details of symbol selected are included on specification table.
  

  
Alternatively, please refer to below table
  

Symbol Currency Contract Size Tick Size
BUND EUR 1 0.01
BOBL EUR 1 0.01
UKGilt GBP 1 0.01
Cocoa USD 1 1
USCoffee USD 1 1
USCoffee USD 1 0.0005
USSugar USD 1 0.0001
BrentCrude USD 1 0.0001
WTICrude USD 1 0.01
.AUS200Fut AUD 1 0.01
.IND50Fut USD 1 1
.CAN60Fut CAD 1 1
.AUS200 AUD 1 1
.FRA40 EUR 1 1
.GER30 EUR 1 1
.CHINA50 USD 1 1
.HK50 HKD 1 1
.JAPAN225 USD 1 1
.NAS100 USD 1 1
.SP500 USD 1 1
.SPAIN35 EUR 1 0.1
.STOXX50 EUR 1 1
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.UK100 GBP 1 1
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USDIndex USD 1 1
.SA40 ZAR 1 1

  

 

What is a technical indicator?

 

A technical indicator is a graphic representation of price action. Some technical indicators overlay on the trading chart, and some reside on the bottom of the chart. Typically a technical indicator is just some type of oscillation of the price based on parameters that you set.

 

What does leverage mean?

 


Leverage is the ratio of a margin amount to the borrowed amount. These ratios are commonly quoted as follows: 1:25, 1:50, 1:100, 1:200. For example, 1:50 leverage means that, to open a trade, you should have 50 times less amount than the amount of a trade. ForexCFDs offers leverage from 1:1 to 1:200.

 

How can I change my leverage?

 

You can request to change your leverage by sending an email to clientservices@.forexcfds.com.au with the following information: trading account number and the leverage you want to request.

 

I cannot log in to the platform. What should I do?

 

Contact our client services department clientservices@forexcfds.com.au or by phone on +61 (0)2860 78840. Please have your trading account number ready.

 

What can I do if I have a trade query?

 

Contact our client services department clientservices@forexcfds.com.au or by phone on +61 (0)2860 78840. Please have your trading account number ready.

 

How do I make a complaint?

 

If you have a complaint, please contact our Client Services team at clientservices@forexcfds.com.au or +61 (0)2860 78840. Alternatively, you may write to us with your complaint to:

Client Services
Level 13 Macquarie House
167 Macquarie Street
Sydney
New South Wales
2000
We will attempt to resolve any complaint at this point. If you feel that your complaint has not been resolved to your satisfaction you may contact our Compliance Officer in writing. For full details of our complaint procedure please click here