|
Cent
Account |
| Account base currency |
Usd cent |
Minimum Deposit
Minimum deposit refers to the first-time deposit into the trading account.
|
5 usd |
re-deposit
Re-deposit refers to any subsequent deposits after the first-time deposit.
|
5 usd |
| Platforms |
Mt4 |
Spread
Spread refers to average spread and can fluctuate during various times due to market dynamics, volatility and liquidity available. Fixed Spread is fixed 22 hours a day. Fixed spreads become variable 1 hour before the roll over and stays variable for 1 hour after roll over.
|
Starting From 1.4 PIPS |
Commission
Commission is only charged in ECN accounts and is only applicable to Forex and Metals instruments. The base commission charged in ECN accounts is USD 4 in USD denominated accounts and equivalent to USD 4 in accounts denominated in any other currency other than USD. All the other instruments including Base Metals, Energy, Indices and Crypto CFDs are all Commission Free in all account types. However, there is a commission charge of 0.75% of the contract notional value in Single Stock CFDs applicable in all account types. Commission charged on Single Stock CFDs are charged at the time of opening of the trade. For example, if the price of Apple stock is $150 per share and if a trader buys 1 lot (contract size 100 shares = 1 Lot) of Apple stock, the commission charged at the time of opening of the trade will be $150 Multiplied by 1 Multiplied by 100 Multiplied by 0.75 and Divided by 100, resulting in a commission of $112.50.
|
0 usd |
Maximum Leverage
Maximum Leverage refers to the maximum leverage that can be given at any particular time. TradeFills reserve the right to amend the Leverage with or without prior notice due to prevailing market conditions, economic news and liquidity available. TradeFills always strives to give prior notice before such changes but due to the nature of markets, leverage may be changed before the communication is received by the end customer. Leverage change (reduction) can also be requested by the end client from the secure client portal.
|
1:1000 |
Margin Call
Margin call of 50% means that when Free Margin % reaches 50%, the customer is at a margin call. It is advised to top up the account if the trader wishes to let the existing trades open. 50% is calculated as a result of Equity divided by Margin Multiplied by 100.
|
50% |
Stop Out
Stop out of 25% means that the moment free margin % reaches 25%, the MetaTrader 4 or MetaTrader 5 system will start closing the trades. The trades are closed from the highest loss-making trades down to the lowest loss-making trade. Should the closing of trades bring the free margin % above 25%, the MetaTrader 4 and MetaTrader 5 system stops closing the trades until the free margin % again goes to 25% or below.
|
25% |
Minimum Trade Size
Minimum trade size refers to a single smallest trade that can be placed by the trader.
|
0.01 |
Maximum open orders
Maximum open orders refer to the number of trades a trader can have at any given point in time. TradeFills doesn’t impose any restriction on the number of trades i.e., Unlimited maximum open orders in all account types.
|
Unlimited |
Execution Type
Execution type refers to the way the orders are executed for the end client. All trades placed by the trader is executed at true market prevailing prices that results in no re-quotes.
|
Market Execution |
Swap-Free
Swap Free accounts are available in all account types. This means that no overnight roll over financing charge would be applied in such accounts. Please note that such accounts can be requested from the secure client portal and is only available to traders of Islamic faith.
|
Yes |
PENDING ORDERS
Pending orders refer to Buy Limit, Sell Limit, Buy Stop and Sell Stop orders.
|
Limit & Stop |
ORDER EXPIRY
Order expiry refers to the life of a pending order. TradeFills offers good till cancel pending order policy where the pending order once placed can only be cancelled by the end client. There is no expiry to any pending orders placed by the trader.
|
Good Till Cancel |
EXPERT ADVISORS
Expert advisors refer to automated trading system that can be attached to any MetaTrader 4 and MetaTrader 5 account. TradeFills allows its clients to use such automated trading systems at their own risk. It is traders’ responsibility to ensure that the use of automated trading system does not tamper the overall integrity of the trading system resulting in exploitation of any sort. TradeFills reserve the right to disable any trading account if found to be using a malicious automated trading software in the form of expert advisors.
|
Yes |
NEGATIVE BALANCE PROTECTION
Negative balance protection refers to an account with a negative balance. Such accounts are fixed every once a week over the weekend as a compensation for negative balance which may happen from time to time due to certain market conditions and volatility. When an account is fixed, the balance is changed from negative to zero.
|
Yes |
LIMIT & STOP DISTANCE
Limit and stop distance refer to the difference in the gap between the limit/stop orders from the market price. TradeFills doesn’t impose any such restrictions and traders are free to place limit and stop orders as close to the market price as they want.
|
No |
FREEZE LEVEL
Freeze level refers to the distance of a pending order from the market when it cannot be cancelled or modified. TradeFills does not impose any such restrictions and the traders are free to modify and cancel the pending order as and when they want.
|
No |
EXECUTION TIME
Execution time refers to the time it takes TradeFills to complete a trade for the end client once placed from the MetaTrader 4 and MetaTrader 5 Client Terminal, Mobile Trader and Web Trader. An execution time of 10Ms means that TradeFills on an average completes a trade in less than 10 milliseconds. However, there may be external factors that a trade might exceed more than 10 milliseconds to be completed due network congestion, lack of liquidity or an economic fundamental news such as Non-Farm Payroll.
|
10Ms |
