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Floating SpreadFloating Spread: the difference between the ask price and the bid price
NaNMaximum LeverageLeverage: a way of trading that multiplies a trader's trading volume for a financial instrument with only a relatively small amount of your deposit. Example: a $1,000 balance with a 1:50 leverage ratio has a trading ability of $50,000, allowing traders to purchase financial products worth up to $50,000.
--Contract SizeContract size: the number of units traded per lot when you open a trading position
undefinedMinimum Volume per TradeMinimum volume per trade: the minimum trading unit allowed for each trade
undefined LotOvernight Funding - BuyOvernight funding (Buy): When you hold the position of a product overnight, your A/C may be charged / deposited into the product's corresponding overnight interest. Calculation (Daily): trading lot * contract size * closing price * daily overnight funding rate (%)
NaN%Overnight Funding - SellOvernight funding (Sell): When you hold the position of a product overnight, your A/C may be charged / deposited into the product's corresponding overnight interest. Calculation Formula (Daily) trading lot * contract size * opening price * daily overnight funding rate (%)
NaN%Initial MarginInitial Margin: The amount Mitrade debits from your account as soon as you open a new position.Initial Margin = Contract Value of open position * Initial Margin Ratio (%)
--Maintenance MarginMaintenance margin: the minimum margin amount required to maintain the account when you hold the position. Maintenance margin = contract value of open position at opening price * maintenance margin ratio (%)
--Contract Expiry DateContract Expiry Date: If the product contract you are trading has an expiration date, the product will expire on this date, and the trading position of the product you hold will be automatically closed at that time.
--Current Trading SessionCurrent trading session: the current trading period of the product. The time is shown in your local time zone.
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FAQ
Mitrade is a commission-free trading platform. The main cost of trading comes from low spreads we charge, which vary among different markets. In addition, there may be overnight funding adjustments if you hold positions overnight.
Overnight funding adjustment:
When you hold positions through the settlement time (GMT 22:00 Winter time), overnight funding adjustment will be incurred on your account. Depending on the product you are trading and direction of your trade (buy or sell), overnight funding may be debited or credited to your account.
You will be able to find the overnight funding adjustment amount for the day in the product information section beneath the charts on our webtrader or mobile app.
Mitrade does not charge any hidden fees, and we endeavour to include all details of our fees and charges as clearly as possible. If you have any questions, please feel free to contact our customer service team for more detail.
To open a live account, please visit our Mitrade account registration page and do the following:
1. Input your email address/mobile phone number and set up a login password. Upon submission, a demo account will be created.
2. On the demo account page, select Home > Switch to Live Account to access the account application form.
Before applying for a live account, we suggest you read through our Legal Disclosure Documents, which outline the risk associated with leveraged trading.
Please note that only after completing your ID verification, you will be able to deposit into your live account.