Forex Trading involves buying and/ or selling one foreign currency against another. It is a market with a daily turnover of over 4 Trillion doll ars and is availabl e for you to take advantage of 24 hours a day.
Maxrich Group Premiere offers spot contracts in commodities Gold (LLG) and Crude Oil (WTI) through MetaTrader 4 platform.
Contracts for Difference (CFDs) are specia l ised and popular Over The Counter (OTC) financial products that a l low you to easily take broad market positions in a variety of different financial markets. Maxrich Group Premiere offers severa l stock indices allowing traders to trade their opinion of the US.
Maxrich Group Premiere does not intervene in the execution of your trades. Using straight through processing, your trades are directed and executed at martket prices and prevailing conditions provided by our tier 1liquidity providers.
The bid and ask price of a trading instruments on your trading platform is the price from our liquidity providers. Under abnormal market conditions such as just before and just after releases of key economic figures, during periods of volatile market conditions or at illiquid times, e.g. ma rket opening, earl y Asian time zone, late New York time zone, during value date change, spreads may be wider.
All market standard order types are available, i.e. Market, Limit and Stops. Trailing Stops, where the Stop level moves in line with the market price, are supported for all Stop order types. All Stop and Limit orders can be placed as either: Day Order- automatically expires at the end of the giving business day. Good till Cancelled (GTC)- order stays open until cancelled or when filled.
The primary method used to execute a trade on a Maxrich Group Premiere platform is to trade by "Market Execution". Your orders are always filled at the current available price within our Liquidity for the given amount, but please be aware it can result in a slippage. Under abnormal market conditions such as just before and just after releases of key economic figures, during periods of volatile market conditions, or at illiquid times, your trades might be not executed at all (off-quote) due volume unavailability within our Liquidity.
The vast majority of orders placed with Maxrich Group Premiere are filled automatically within liquidity prices without any manual intervention from the dealing desk.
Limit Orders for forex , commodity and for Index is 1pips.
All pending orders (Limit Buy, Limit Sell, Sell Stop, Buy Stop, SL/TP) will be executed by market price. The confirmation of all pending orders will be as follows. The same as the client's requested price, Above the client's requested price, or Below the client's requested price. Every Limit Orders can only be placed during stock indices market hours and are only valid until session close upon which they are all purged. For Forex and Spot Gold, every Limit orders can valid for "Good Till Friday" Stop Limit order will NOT be accepted, Stop Limit order only accept for the purpose of liquidation position.
Notice : When a transaction takes place based on a WRONG QUOTATION, Maxrich Group Premiere has the right to make a Correction I Revoke the transaction depending on the market price at that point.
A interest I swap rate is defined as an overnight or rollover interest (that is earned or paid) for holding positions overnight in foreign exchange trading. Each trading instrument has its own swap charge and measured by volume used The interest I swap rates are subject to change depending on the fluctuation of the key interest rates of the countries. Interes rates I swap is calculated daily at New York market close, and triple the arnount on Wednesdays to make up for Saturday and Sunday when there is no trading.
The minimum trading size per transaction is O.Ol lot for all trading instruments that we are offering, the maximum trading sizes is 20 lot per click. Please read account specifications or ask our representative for more details.
In such cases Hedging 1 Locking where there are two opposite trading positions on the sarne currency pair, the margin requirement for each position is calculated to be 50% of norrnal margin requirement
Maxrich Group Metatrader 4 will trigger a margin call when your account Ma rgin Level reaches 100%. The margin level can be found on the Trade tab in the Maxrich Group Metatrader 4 terminal.
Whenever your rnargin level reaches 30%, the Maxrich Group Metatrader 4 will automatically close all of your trades to avoid larger loss.
When netting open positions, Maxrich Group Premiere uses LIFO rules, which means the last position you open is the first position to be closed. This particulary affect in condition when your equity is not sufficent enough to holding overnight position.
Since futures contracts expire, an open order that are based on the expiring contract need to be replaced I rolled to the next nearby futures contract. The roll over contract will processed automatically unless client actively opt of the renewal or close the order before the contract expired.
A major benefit to the FX market is that it offers some of the highest leverage (lowest margin) of any financial product This means that you have the ability to trade in global FX markets which normally you cannot do in the other financial such as stocks and bonds. Maxrich Group Futures Premiere offers 2 kinds of leverage. Leverage 1 200 is available for Premium and Sharia Account, while leverage 1 : 500 is available only for Basic account.
ADDITONAL CONDITION REGARDING TYPE OF ACCOUNT :
Except for "Syariah" account, clients in "Recreation and Professional" must liquidate any open order that are based on the expiring contract. There's no automatically roll-over. Maxrich Group Premiere has right to do automatic liquidation all opening position(s) if clients have not liquidated it when Contact Month expired. Special market conditions and force majeure.
This Agreement constitutes the entire agreement between the Parties and supersedes any prior agreement understanding or arrangement between the Parties relating to the subject matter of this Agreement.