| Proforma
has some of the most competitive Forex trading terms
on the market today! Learn more about each of our
trading terms below.
Minimum Initial Deposit
Open a live account with Proforma with a low minimum
initial deposit of € 5000,00 » open
here
Universal Accounts
Unlike many Forex brokers, Proforma allows you
to trade both mini (10,000) and standard (100,000)
lots under a single account.
Multi-Currency Accounts
Open an account in one of eight base currencies,
allowing you to avoid exposure to exchange risk
when depositing and withdrawing funds.
No Commission
Proforma charges no commission on your trades;
we are compensated by the Bid/Ask spread.
Order Processing
We pride ourselves on fast, fair, and reliable
order execution. We fill your orders at the best
available market prices in seconds.
Order Types
Proforma offers an array of effective order types
that help you enter the market efficiently, lock
in profitable positions, and minimize losses.
Rollover Interest Policy
Proforma pays and charges clients rollover interest
at competitive rollover rates for all open mini
and standard positions.
Leverage & Margin
Proforma gives clients the opportunity to trade
at a maximum leverage option of 400:1. Leverage
may increase potential gains or losses on a given
position.
Margin Calls
We have a policy in place to protect you from
losing more money than you have in your account
by automatically closing out positions that activate
a margin call.
Hedging
Hedging a trade allows you to maintain both a
long and a short position on the same currency
pair at a given time, at no additional margin.
Margin
ProForMa's initial margin requirement is 1-3%.
The trading system performs an automatic check
for margin availability before the deal, and will
only execute the deal is if the client has adequate
margin funds in his or her account.
Additional margin is required when a client's
initial margin drops in value by 50% based on
the value of any open positions. ProForMa reserves
the right to liquidate any open positions should
a client's initial margin drop by 75%. This is
an important risk management strategy for both
ProForMa and our clients; it aims to ensure that
clients do not lose more than their account balance,
however, this stop loss measure cannot be guaranteed,
as it is dependent on market conditions.
Rollovers
A rollover is the simultaneous closing of an open
position for today's value date and the opening
of the same position for the next day's value
date at a price reflecting the interest rate differential
between the two currencies.
ProForMa clients have the opportunity to earn
interest on rollovers, depending on the direction
of their positions and interest rate differential
between the two currencies involved (less a small
spread). For example, UK interest rates are significantly
higher than Japan's, so if a trader is long GBP/JPY
(i.e. holding British Pounds), they will earn
interest on the roll. Conversely, if a trader
is short GBP/JPY (i.e. holding yen) they will
pay interest on the rollover.
The spot forex market is traded on a two-day
value date. For example, for trades executed on
Monday, the value date is Wednesday. However,
if a position is opened on Monday and held overnight
(remains open after 1700 ET), the value date is
now Thursday. The exception is a position opened
and held overnight on Wednesday. The normal value
date would be Saturday; because banks are closed
on Saturday the value date is actually the following
Monday. Due to the weekend, positions held overnight
on Wednesday incur or earn an extra two days of
interest. Trades with a value date that falls
on a holiday will also incur or earn additional
interest.
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