Minimum deposit amount is $50
MultiBank Group's MT4 platforms do not set up time zone, but apply the 'Forex Market Hours,' setting 5:00 pm EST (opening hour) as 0:00 so that the charts can be presented in a standard 5 trading-day week for clients’ easier analysis.
MultiBank Group’s trading platforms are set to automatically close open positions when the stop-out level is reached. For all accounts, when the equity in trading account falls below 50% of the required margin, the stop-out level will be reached, and MultiBank Group will automatically close open positions at its opening prices, releasing in the order of highest to lowest margin until the margin level is reached.
Restricted by market depth and for risk control, Maximum Lots per Click and Maximum Open Positions are as follows
per Click (XAU)
per Click (FX)
per Click (CFDs)
Positions (on all products)
Clients shall calculate the account equity when reaching the pending order price, to maintain required real-time margin for the execution of pending orders. While pending orders would be automatically cancelled if the margin level is not enough for the execution of the transaction when the price level has been reached.
Hedged-position function is available on MultiBank’s MT4 trading platforms. Customers can choose whether to open hedged-position function (long/short) when opening accounts which does not use margin.
Please be careful not to hold more than one hedged position at the same time to avoid possible risks. Holding a hedged position does not lock the profit/loss or guarantee the position.
When the spread is widening in particular market situations, hedged positions would affect the account equity. In the case of open positions, it would further affect the rate of equity to margin, which may result in stop out in extreme situation.
For example, for one standard lot of hedged position of EURUSD, 1 point of increase in market spread would result in floating loss of USD10 in account equity.
Possible market conditions where spread widening may occur include: opening hours, closing (interest accrual) hours, news and data hours, holidays, thin market with large market entry, fluctuating market and other special market conditions. In addition, buy and sell orders of the hedged positions are accrued normally. However, MultiBank Group does not recommend hedged positions.