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Thread: New Real Account

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    Piplet
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    Default New Real Account

    Can I open a new real account with leverage 1:500?

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by newtrader View Post
    Can I open a new real account with leverage 1:500?
    You can open account with the leverage up to 1:200 by yourself. To increase leverage to 1:500 please contact [email protected] with the request.

    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

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    Piplet siwael's Avatar
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    what's after opening account

    I opened real acocunt and sent email to change leaverage,
    my balance now is zero,
    quesiton 1: what's the minimum balance I should deposit to start trading,
    question 2: what's the recommended balance I should start.?

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by siwael View Post
    I opened real acocunt and sent email to change leaverage,
    my balance now is zero,
    quesiton 1: what's the minimum balance I should deposit to start trading,
    question 2: what's the recommended balance I should start.?
    Hello Siwael,
    1) Minimum initial deposit is 25$
    2) Recomended balance to start to trade is 500$

    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

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    Quote Originally Posted by FX Egypt Manager View Post
    Hello Siwael,
    1) Minimum initial deposit is 25$
    2) Recomended balance to start to trade is 500$
    with the minimum $25 deposit, can i trade for all currencies?
    what the minimum lot will allowed to trade?

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    Super Moderator nonamer's Avatar
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    Default

    Quote Originally Posted by lurzaimran View Post
    with the minimum $25 deposit, can i trade for all currencies?
    what the minimum lot will allowed to trade?
    if ur deposited 25$ ...then ur apply using 1:500 leverage ur only can open trade at usd/chf ...usd/jpy...aud/usd ...usd/cad.... i think that only pair ur can open ...then if ur already get more than 30$-40$..ur can trade all pair ...minimum so far 0.1lot ...that mean if ur open usd/jpy 1pip-0.81$..... or maybe admin can explain more better ....good luck ....

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    Quote Originally Posted by nonamer View Post
    if ur deposited 25$ ...then ur apply using 1:500 leverage ur only can open trade at usd/chf ...usd/jpy...aud/usd ...usd/cad.... i think that only pair ur can open ...then if ur already get more than 30$-40$..ur can trade all pair ...minimum so far 0.1lot ...that mean if ur open usd/jpy 1pip-0.81$..... or maybe admin can explain more better ....good luck ....
    O i seee.... thanks for the info.....gud luck

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    Default

    i think i found admin explanation somewhere is this forum. But maybe this info could be on the FAQ section?

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    Default

    You can also trade G/U and E/U which I think are the best to trade anyway

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    Why do you think they are best

    They cant be best just because you say so there must be a reason behind it.

    Is it because spread is low ?

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    Intraday Master etrader's Avatar
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    Quote Originally Posted by lurzaimran View Post
    with the minimum $25 deposit, can i trade for all currencies?
    what the minimum lot will allowed to trade?
    1. No you cannot trade for all currencies as you need more margin for pairs beginning with GBP and EUR

    2. 0.1 lot i.e 10,000 unit

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    Intraday Master etrader's Avatar
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    Quote Originally Posted by FXManiac View Post
    You can also trade G/U and E/U which I think are the best to trade anyway
    The worst suggestions, one cannot trade G/U or E/U with $25 fund, since there is no available margin

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    Default

    If you want to know the margin required to open 0.1 lots at 1:500 leverage, use this calculation..

    (price * 10,000)/500 = $

    for example

    eur/usd is at 1.3748

    (1.3748*10,000)/500=$27.50

    gbp/usd is at 2.0300

    (2.0300*10,000)/500=$40.60

    usd/chf is at 1.2022

    (1.2022*10,000)/500= $24.04

    JPY pairs are a little different

    usd/jpy is at 121.69

    (121.69*100)/500=$24.33

    gbp/jpy is at 247.12

    (247.12*100)/500=$49.42

    Clear?
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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    Intraday Master etrader's Avatar
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    thanks Jafar for detailed description to clarify the case for new traders wishing to use $25 bonus

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    Quote Originally Posted by RebateFX.com View Post
    If you want to know the margin required to open 0.1 lots at 1:500 leverage, use this calculation..

    (price * 10,000)/500 = $

    for example

    eur/usd is at 1.3748

    (1.3748*10,000)/500=$27.50

    gbp/usd is at 2.0300

    (2.0300*10,000)/500=$40.60

    usd/chf is at 1.2022

    (1.2022*10,000)/500= $24.04

    JPY pairs are a little different

    usd/jpy is at 121.69

    (121.69*100)/500=$24.33

    gbp/jpy is at 247.12

    (247.12*100)/500=$49.42

    Clear?
    Thank you very much for your detailed explanation, this is great, atleast now I know the numbers!

    You guys work fast here, i really appreciate!

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