Questions on accounts
Here the principle of trading is simple: buying a currency pair for cheaper price and selling for more expensive one, or vice versa, selling for expensive and buying for cheaper price. Continous changes in currency quotations make favourable conditions for profit. There are lots of huge buyers of this or another currency that can regularly convert one currency into another in their business activity irrespective of quotation difference. For instance, state authorities, huge trade companies and financial institutions may be such buyers. Currency quotations constantly fluctuate that allows traders to produce profit from such fluctuation.
Most of all liquid currencies are traded which belong to developed countries with stable political systems, strong economy and less inflation. Today 85% of trade in currencies is shared by US dollar (USD), Japan yen (JPY), Euro (EUR), British pound (GBP) and Swiss franc (CHF). The most traded currency pair is EURO-USD.
Yes, they are same in Mugan FX.
For individuals – $300, for legal entities –1000$.
Margin is a guarantee amount for being safeguarded from trading losses. Margin requirement allows you to maintain in force your trading positions that are several times more than the balance available in your account.
Suppose that the Bank’s leverage for EUR-USD currency pair is the ratio 1:500 or 0.2.
Current quotation of EUR-USD is 1.4320.
The margin for 1 lot (100000) trading position will be calculated as following:
If the real balance in your account gets less than the MuganFX-set limit, then "Margin Call" starts up and it becomes necessary to attract extra funds. The "Margin Call" requirement set by MuganFX is 50%. For customers with deposits over $10.000 this limit may be reduced to 2%.
"Stop loss order" is the most valuable instrument to mitigate risks. In order to minimize loss "Stop loss order" functions to automatically close open position when the quotation comes up to the limit deemed as risky.
Yes. We provide similar favourable conditions and opportunities for all customers to make transactions with mini (0,1) as well as micro (0,01) lots.
To open Real account please enter here: http://muganfx.com/com/menus/22/otkryt_real_nyy_schet
You will have no further charges MuganFX. You may download trading platform that contains flows of live news absolutely free of charge.
You should fill in a form provided in “Account Opening” “Request for Withdrawal of Funds from Real Account” section in our website and send by email to firstname.lastname@example.org. Upon review of your request by a competent financial authority your funds will be remitted to your current bank account within a short period of time.
Please see section “Trading” subtitle “Quotations” in our website for detailed information on price per “pip”, guarantee amounts, etc.
Please see section “Account Opening” subtitle “Types of Accounts” in our website for detailed information.
We provide leverage from 1:500 (maximum limit) down to the limit of 1:25 subject to the account type and customer’s request. For this you will only need to contact our MuganFX officer after you open an account.