Trading Credits
Trading credits are termless and interest-free, serving as equity for forex trading. You receive a trading credit when you replenish your account with your funds, with the credit amount potentially reaching up to 70% of the deposit.
Trading Credits Terms
- Trading credits apply to Classic+, DirectFX, and xPRIME accounts;
- A trading credit may be received for each deposit and the client can choose the amount of credit when the
account is replenished: 10%, 20%, 30%, 40%, 50%, 60%, or 70% of the deposit;
An example:
For a $1000 deposit with a chosen 10% trading credit, $1100 will be credited to the account, with $100 reflected in the Credit field.
- The total sum of active trading credits on all accounts of one client cannot exceed 20 000 USD (or an equivalent in another currency);
- Trading credits cannot be used in a "drawdown" situation and will be automatically cancelled if "Equity"
becomes equal to or less than "Credit". Upon cancellation, all positions are forcibly closed (stop out);
An example:
The trader deposited 10 000 USD and received a trading credit of 1000 USD. If the Equity becomes equal to or less than the Credit, all positions are forcibly closed.
- If there are active trading credits on the account, the amount of funds available for withdrawal is
calculated using the formula:
Available for withdrawal = Free Margin - Credits -Deposit amounts for which active credits were given; - To remove the withdrawal restriction, you need to cancel active trading credits. This can be done in
the
Trading Credits section of the Personal Area; - In referral cases, affiliates receive the full amount of payouts for referral-related trading turnover in the form of trading credits.