Yes. Although you cannot be logged into multiple accounts from one instance of MetaTrader 4, you can open several instances (separate MetaTrader 4 instances running at the same time on your computer) and log into different accounts accordingly.
Yes. As long as you have the correct login details, you can login to the platform from any computer, provided your connection settings are correct, and the connection is not being blocked by a firewall or your Internet Service Provider.
No, you cannot change the time offset on the MetaTrader 4 platform. The platform time is GMT +2, although during US Daylight Savings Time the platform changes to GMT +3 to stay in line with the 5pm New York market close.
The trading history can be seen by clicking on the “Account History” tab in the ‘Terminal,' at the lower part of your MetaTrader 4 platform. You can also modify your view timeframes and access reporting features by right clicking on any row in your account history view.
Open positions will not be closed until an existing stop loss, take profit or stop out level is reached. Existing limit orders will still be filled if the entry rate is met.
Please note for Trailing Stop orders your MetaTrader 4 platform must be open and logged in.
Yes. You can use any and all EAs (Expert Advisors) available by third party providers. Orbex does not restrict the use of any strategy or EA on variable spread accounts. For further information regarding our trading conditions, please visit our Trading Conditions page
Yes, you can use any custom indicators that are MQL compatible. Failing to download a custom indicator can occur as a result of coding issues on the side of the indicator creator.
There is no restriction to the number of EAs and indicators you can have running at any one time on MetaTrader 4. That said, it is important to understand that MetaTrader 4 is a RAM sensitive program. Overloading your platform with a large number of EAs and indicators can reduce the performance and speed of your MT4 platform. Also, EAs may have conflicting strategies and risk profiles and can comprise each other when attached to one single trading account. Therefore, it is recommended to split your EAs across multiple trading accounts and platforms.
You can change your trading account password by following the below steps:
1. Click Tools on the top navigation bar;
2. Select Options > Server >Change. A new window will open;
3. Enter your current password and a new password;
4. Confirm the new password;
5. Click OK.
Alternatively, right click on your account that is displayed in the Navigator Window, select Change Password and follow the prompts.
To view the markets we offer, please visit the Markets page.
In order to be in line with Orbex trading conditions, we encourage you to visit and read carefully our trading conditions page.
Here you will find important information concerning news trading, hedging, scalping, storage fees, leverage, margin requirements and more.
A "pip" is the smallest whole increment in any Forex pair. For pairs quoted in 5 decimal points, a pip increment is based on the fourth decimal. For pairs quoted in 3 decimal points, a pip increment is based on the second decimal. The value of a pip is determined by the currency of your account and the pair you are trading. If the quote currency is the same as your account currency, then a 1 pip move equals 10 account currency units per 100,000 traded.
The spread is the difference between the bid price (selling price) and the ask price (buying price).
To view the different spreads, we offer for each account type and instrument; please visit theOrbex Spreads page.
The leverage of your account is the multiplier of your purchasing power that determines the amount of margin required for every trade. The higher the leverage, the more purchasing power you have.
The Client shall provide and maintain the Initial Margin within such limits as the Company, at its sole discretion, may determine, set, or update. The Company has no obligation to make Margin Calls for the Client. For more information on Margin Requirements, please visit our Trading Conditions page (under heading Margin Requirements).
The possible choice of a leverage rate ranges from 1:1 up to 1:500. Upon opening an account, a client is provided with a default leverage corresponding with his account type and total volume. The Client may change the leverage of his account, if applicable, by sending a request to email@example.com.
The leverage may change automatically if the equity goes above a certain threshold. For more information on Leverage, please visit our Trading Conditions page (under heading Leverage).
Forex Lot is basically a representation of Trade Size.
Standard: 1.0 lot is 100,000 units of the base currency
Mini: 0.1 lot is 10,000 units of the base currency
Micro: 0.01 lot is 1,000 units of the base currency (this is the minimum lot size)
The Base currency is the first currency in the currency pair. So essentially:
10 Mini Lots make 1 Standard Lot
10 Micro Lots make 1 Mini Lot
100 Micro Lot = 10 Mini Lot = 1 Standard Lot
CFD 'Contract for Differences' is an arrangement made in a futures contract whereby differences in thesettlementare made through cash payments, rather than the delivery of physical goods or securities. While Spot Trading is the purchase or sale of a foreign currency or commodity for immediate delivery.
Orbex provides the possibility to trade in future contracts in metals (gold and silver), energies (crude oil and natural gas), soft commodities (coffee and sugar). For the full list of futures and their specifications, please click here.
There is no commission on futures,and the margin requirement is 1,000 USD/EUR regardless of the leverage, except for future gold where the margin requirement is 2,000 USD. Futures contracts have variable spreads. For a full list of spreads please click here.
Please note that the trades should be closed before the contract ends (before expiry date). Either they will be done automatically if you did not close them or you should close them manually before the expiry date and time. We will notify you before the expiration time is up.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.8 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.