Micro Forex (lite forex) account conditions

• An option or 24-hour Forex trading, which begins on Sunday 23:00 GMT and ends on Friday 21:00 GMT;
• The ability to trade with the help of company’s Internet Trading Platform;
• 29 main currency pairs constantly available for trading;
• No Request For Quote, even in fast markets;
• Immediate execution of all operations;
• Minimum contract at 0.01 lots;
• Maximum contract at 0.5 lots;
• The amount of minimum initial deposit allowed is $10;
• The amount of minimum initial deposit allowed is $400;
• Maximum balance size is $400;
• The leverage is 1:200 and Maximum Leverage is 1:500;
• No charges for services are taken;
• Daily e-mail informing of statements;
• Fast and absolutely free access to personal account right through the website of PFG Inc.

Information about the rollovers

All the trades in the spot Forex market have to be settled during two business days. According to it, all counter transactions, which encompass the same pair of currency, for the same value are needed in case when your transaction closes the position for the old value date and due to that the new position is opened simultaneously. When this happens, the dealer is able to charge or pay attention to the potential client for the rollovers of this position. So, money are added or subtracted to the customer’s account that has an open position. It depends upon the short-term interest rates, existing in countries of these two pair currencies, whether the payment will be made or the fee will be charged.

For example, you successfully sold 100,000 EUR/USD on Forex market. But this means that you successfully borrowed 100,000 Euro from a certain dealer against the current Euro interest rate. The dealer makes a payment for you for the American dollars that you placed with him at the current interest rate on this currency. And you pay the same interested rate that can be earned on EUR investments at the moment. You are able to check records about the difference between these two payments on your personal account.

The figures that are listed in the table symbolize the difference between the short-term rates of interest of two countries of the currencies.

As the value date of these transactions will be Friday, the rollover pips are going to be multiplied three times when weekend’s computation ends. This means that customers will receive their profit or pay for the losses with money from their accounts on Thursday.

To open a Micro-Forex Account click here »