TRADING XCELS
SILVER Trading Account
SILVER accounts are based on the Market Maker execution.
Altonarx Forex SILVER accounts are denominated in US cents. These accounts stand out for the minimal initial deposit ($1 only), small transaction size and low margin requirements. While requiring very little money, SILVER forex accounts offer basically the same trading conditions as BRONZE accounts. Forex SILVER accounts can be useful for all types of trader from the novice looking to learn to seasoned professional looking for ways to test new strategies, indicators and expert advisors with minimal risk.
| SILVER Trading Account | |
|---|---|
| Account currency | USD |
| Minimum deposit | from $5000 |
| Maximum balance | $3000* |
| Spread | floating |
| Commission | No |
| Quotes format | 0.12345 |
| Execution | instant |
| Minimum transaction size | 0.01 SILVERlots |
| Maximum transaction size | 25 SILVERlots |
| Minimal increment | 0.01 SILVER lots |
| Leverage | up to 1:500* |
| Margin call | 20% |
| Stop Out | 10% |
| Open orders (max) | 100 |
| Instruments | 28 currency pairs + gold and silver |
| Bonuses | Yes |
| Expert Advisors | Yes |
| Scalping | Yes |
| Hedging | Yes |
| News trading | No |
| Phone dealing | Yes |
| Market depth with level 2 quotes | No |
| Trading time | 00:00 Mon – 22:59 Fri (Altonarx Server Time) |
| Inactive account fees |
maintenance - $10 per month reactivation - $50 |
Maximum allowed number of SILVER accounts to open is 2.
The balance for SILVER Forex account in the Meta Trader is indicated in US Cents.
Our spreads may be increased with news or other high/low volume conditions.
*Once the balance of a SILVER account exceeds $3000, the leverage will be decreased 100x (for example: from 1:500 down to 1:5).
**For overnight positions we charge an additional commission equal to the Swap rate of the particular currency pair.