About Trading FAQ
Q. Do you allow scalping?
A. Yes we allow scalping without any restrictions.
Q. Do you allow hedging?
A. Yes you may hedge your positions without any restrictions.
Q. Can I place trailing stop orders?
A. Yes, you can. Please note that trailing stops become inactive when you log out of MT4
Q. Can I trade with an EA (Expert Advisor or robot)?
A. Yes, you may trade with any Forex Expert Advisor you like.
Q. Can I trade Micro lots?
A. YES, Starting at 0.01 for Micro Accounts ( under $5000K usd.) 0.01 increments. Starting at
0.1 for Standard Accounts.
Q. What are your trading hours?
A. The forex market is open 24 hours a day, 5 days a week. You may trade from Sunday 22:00 GMT to Friday 21:00 GMT.
Q. What is your server time?
A. Our server time is GMT + 0.
Q. What are the Asian session hours?
A. Asian trading hours are considered to run between 23:00 and 08:00 GMT time.
Q. What is your margin requirement?
A. A margin requirement refers to the deposit used as collateral for taking a position in the market, or simply, the amount of money that WealthTrade FX requires from you to open a position, and it is expressed in percentages . WealthTrade FX requires a margin of up to 1%.
For leverage:
1:100 = 1% margin
Q. I got a margin call or stop out. Why did it happen?
A. A margin call is an automatic closure of a position at the current market rate. Margin call occurs when the margin requirement has been exceeded and the account balance is no longer sufficient to sustain all the open positions. Margin call is reached at approximately 100%, and it protects the client from having a negative balance or falling into debt with WealthTrade FX.
Q. What are your SWAP charges?
A. Swap charges differ from one currency pair to another and are determined by the banks we work with. Swap rates can be found on the MT4 trading platform by taking the following steps: log in into your MT4 platform -> right click inside the market watch -> choose “symbols” -> select the currency pair -> click “properties” -> view swap rates for both long and short positions.
Q. How long can I keep a position opened?
A. You can keep a position opened for as long as you like. Please make sure you have enough margin to support your position(s) to avoid getting a margin call.
Q. What is the policy for holding positions open overnight and/or on weekends?
A. You can hold a position open overnight or over a weekend for as long as you like. Please note that unless you have an Islamic account (swap free), swap interest will apply accordingly. In the case of leaving position(s) open over the weekend, your trade(s) will be re-opened at the price of the current market.
Q. How can I view my trading history?
A. To view your trading history, please login into your MT4 account and press Ctrl+T on your keyboard. Click on the “Account History” tab at the bottom left, right click anywhere on the tab and select ”All History,” “Last 3 months,” “Last Month,” or “Custom period” as you require. You can view your account history from the very first trade.
- No FIFO rules & restrictions
- No restriction on entry/stop/limit orders
- Full hedging capabilities
- Anonymous trading: Banks can’t see your orders
- Multibank liquidity for superior price feeds
- Fast, instant executions on every trade
- All Expert Advisors (EA) and scalpers welcome
- Industry leading software and analysis tools
- Add funds easily with multiple methods
- Practice accounts available, no risk
- Forex Education Partners
WealthTrade FX, Ltd. is incorporated in the Republic of Seychelles under the provisions of the Seychelles IBC Act of 1994. WealthTrade FX, Ltd. provides foreign exchange and CFD trading services.
Risk Warning: Forex and CFDs are leveraged products, incur a high level of risk and may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.