USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD
Minimum deposit amount is US$50
MultiBank 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.
Under leverage rate of 1:100:
For accounts with leverage of 1:100, 1:200, and 1:300, when the equity slips below 10% of the required margin level, open positions would be automatically closed at opening prices from positions releasing highest margin to lowest until the margin level is reached.
For accounts with leverage of 1:400 or 1:500, when the equity slips below 100% of the required margin level, open positions would be automatically closed at opening prices from positions releasing highest margin to lowest until the margin level is reached.
* When the market is experiencing swift fluctuations, there is no guarantee about the order of stop out. Instant adjustments may be made by MultiBank according to instant market situation, clients are= responsible for risks that may arise thereof. MultiBank reserves the right of final explanation concerning the order of stop out.
* Please note that when there is a hedged position in the account, instant widening of spread may cause equity change. If that leads the equity to drop into negative, stop out will be intrigued as a result.
An account with 1:500 leverage equates to 1:500 for forex and 1:250 for metals.
The stop out level depends on the leverage level when opening the account.
|Leverage||Stop-out Level||Max. Lots
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.