Types of orders: TopForex provides its Clients with these types of orders: Buy Limit, Sell Limit, Buy Stop, Sell Stop, Take Profit, Stop Loss.
Instruments: The whole list of available trading instruments alongside the underlying asset and the Exchange where this asset is being traded can be found here.
Demo Account is limited for 30 days. After that period you can upgrade to Live account.
Types of accounts: TopForex provides its Clients with the following:
• Floating (typical)* spread; there may be instances when market conditions cause spreads to widen or to shorten beyond the typical spreads
• Wide variety of instruments to trade (Forex, precious metals and CFDs)
• Trade with standard lot sizes
• Spreads starting from 3 pips on the Euro Dollar
• Minimum initial deposit of $ 250 as a wire transfer
• Leverage 1:200 for experienced traders*
*Leverage up to 1:200 for experienced traders. Please note that default leverage offered during the account opening process is set at 1:50 max. The client may request to trade with higher leverage and based on his knowledge and experience, we will assess such request.
|Deposit Amount||Leverage Level (up to)||Leverage Level per Exposure|
|$100 – $99,999||1:200||If exposure on a single currency pair is > than 5mln (50 lots)
account leverage can be changed to a maximum level of 1:100*
|Over $100,000||1:100||If exposure on a single currency pair is > than 5mln (50 lots)
account leverage can be changed to a maximum level of 1:50*
*Margin requirement for opening new positions will be calculated based on the new reduced leverage
Swaps: The swaps are going to be charged at the end of each business day. However, on Friday they are tripled. The xStation swap points can be found here and here. The MetaTrader4 swap points can be found here.
Margin Call: Clients will be warned by the platform at 50% margin level, that they are getting close to automatic liquidation of their position. Clients will only get an automatic margin call notification if they are logged into their trading platform. Therefore, clients are advised to log into their trading platform on a regular basis to ensure they monitor their Equity and any relevant notifications accordingly. Clients are also warned that the moment their margin level falls below 30%, the platform will automatically liquidate their positions.
xStation Rollover table: TopForex will automatically rollover Client open positions for Commodities, Indices and Bonds to the next liquid contract, before the current contract expires. A table of dates the rollovers can be found here. Please note that this information is for indication purposes only and is subject to change due to either low liquidity or unforeseen changes by the exchanges.
MT4 Rollover Table: TopForex will automatically rollover Client open positions for Commodities, Indices and Bonds to the next liquid contract, before the current contract expires. A table of dates of the rollovers and expirations can be found here. Please note that this information is for indication purposes only and is subject to change due to either low liquidity or unforeseen changes by the exchanges. An explanation about the rollovers can be found here. During rollover the existing Take Profit, Stop Loss, Buy/Sell limit and/or Buy/Sell stop orders will be cancelled 10 minutes before the expiration. You will not be able to open new positions 15 minutes before the expiration. Close only mode will be active.
Dividend adjustments: Shares and Cash Indices (CFD) reflect corporate actions so you will be entitled to dividend payments when going long and will incur dividend charges when going short. If a dividend adjustment applies to shares or cash indices to which your trade relates and your trade was open at the close of business on the last of our trading days prior to the relevant ex-dividend date we will apply a dividend adjustment. In case of CFD trades relating to individual shares or cash indices, the dividend adjustment will be applied as follows:
• Clients holding long individual share CFD or Cash Index positions will be credited an ex-dividend adjustment.
• Clients holding short individual share CFD or Cash Index positions will be debited an ex-dividend adjustment.
Please keep in mind that dividends may also be taxed (if applicable). The Company may terminate or vary the dividend adjustment subject to changes in law, the regulatory system, rates of tax and in particular the withholding tax requirements of the relevant tax authority.
Maintenance fee: A fee of up to 40 EUR will be levied should your Trading Account remain inactive or dormant for a time period of 6 months as it is defined in the Terms of Business. The maintenance fee will be equal to the lesser of the remaining balance in your account or 40 EUR (or equivalent as applicable to your chosen currency), levied monthly.
FTT: All transactions on Italian CFDs and ITA40 are subject to FTT (Financial Transaction Tax). Tax is charged as a fixed fee related to notional transaction value as stated below:
* Up to €2,500: €0.25
* €2,500 – 5,000: €0.5
* €5,000 – 10,000: €1
* €10,000 – 50,000: €5
* €50,000 – 100,000: €10
* €100,000 – 500,000: €50
* €500,000 – 1,000,000: €100
* Over €1,000,000: €200