What are 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 10% of the deposit.
Trading Credits Terms
- Trading credits apply to Classic, Smart, and Prime accounts.
- A trading credit may be received for each deposit
Example:
For a $1250 deposit with a chosen 10% trading credit, $1250 will be credited to the account with $125 reflected in the Credit field.
- The total sum of active trading credits on all accounts of one client cannot exceed 12,500 USD (or an equivalent in another currency).
- Trading credits cannot be used in a "drawdown" situation and will be automatically canceled if "Equity" becomes equal to or less than "Credit". Upon cancellation, all positions are forcibly closed (stop out).
Example:
The trader deposited 125 USD and received a trading credit of 1250 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.
- The credit amount received on your deposit cannot be withdrawn by you under any circumstances but you can withdraw it anytime if your deposit is reflected in your Equity. 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.
