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PRODUCT DETAILS

Account Leverage Rules

Beneforex provides forex trading account up to the leverage of 1:500. There will be risk involved when you trade with high leverage. To reduce trading risk, account leverage will be automatically adjusted when its' net worth is low. 
Account Balance $0~100,000 $100,000~200,000 $200,000 up
Forex Maximum Leverage 1:500 1:200 1:100
Precious Metal Leverage 1:100 1:100 1:100
CFD Product Leverage 1:100 1:100 1:100

Pending order, take profits and stop loss

The final deal will be possibly higher or lower than setting of the taking profit and stop losing price. Basic points for the standard account is at 1 depending on the current market price. Limit order (pending order, taking profits & stop losing order) will trigger when the price reaches and closes at the first market tick quotation. Transaction price is not necessarily equal to the trader's setting due to the market's fluctuations and matching mechanism. The final deal may be higher or lower than the setting take profit and stop loss price.
 

Swap Rates

There will charges of 3 times the swap rates on every Wednesday.


EA Trading

Beneforex follows Straight Through Processes where are supporting EA trading system for the convenience of the traders. 

 

Hedge Positions

Hedge is an investment position intended to offset potential losses or gains that may be incurred.

 

Margin call and Stop out

The system will send you a warning when the margin level is less than 100%
Also, it will automatically liquidate the position when the margin level is lower than 50%. 

 

Gapping

A gap may happen on every Monday based on the breaking news and the current market quotation. Any pending orders, taking profits and stop losing price will trade at the first tradable price and usually there will be much bigger slippages on the earning and losing. 


RISK DISCLOSURE : Trading in forex comes with high level of risk to your capital and you should trade according to your affordability. RISK DISCLOSURE