Platinum Account
The Platinum Account is designed for experienced retail traders. A key feature is the flexibility in position sizing, with a maximum single trade size of 60 lots. The minimum trade size is 0.01 lot, and the trade size increment is also flexible at 0.01. The Platinum Account can be used on the platform, WebTrader, and any available mobile trading platforms.
| CURRENCY PAIR | FIXED |
|---|---|
| Trading Platform | MetaTrader 4, Webtrader and Mobile Trading |
| Spreads | From 1 pip |
| Trading Instruments | Forex, Indices, Commodities, Shares and CFDs |
| Fifth Decimal | Yes |
| Execution | Market Execution |
| Minimum opening deposit | $ 100,000 |
| Minimum trade size | 0.01 lot |
| Trade size increment | 0.01 |
| Maximum Total Trade Size | 5 Standard lots |
| Maximum Simultaneous Open Orders | 150 |
| Margin Call / Stop out level | 40% / 10% |
| Telephone Trading | Yes |
| Account Currency | USD |
| Commission | No |
Advertised Spreads
Our spreads are variable. The spreads mentioned above were calculated from the time-weighted average of spreads between January 1, 2014, and May 1, 2014. The advertised spreads may not apply to accounts of referred brokers. Our goal is to offer traders tight, competitive spreads, although there may be times when market conditions cause the spreads to be wider than those listed.
EXECUTION DISCLAIMER
When trading Forex with both execution models—Dealing Desk and No Dealing Desk—we act as the final counterparty to the transactions. For both models, Defazz collects bid and ask prices from a pool of liquidity providers, and after applying our mark-up, we provide the best available quotes on our platforms. The mark-up may vary depending on the liquidity provider and account type. Factors such as quote rejection rates, network performance (e.g., latency), liquidity depth, and overall execution quality influence the mark-up decision.
For the Dealing Desk execution model, we may act as the counterparty for some or all currency pairs. Backup liquidity providers are used when we are not the dealer. Note that the Dealing Desk has a more limited number of liquidity providers compared to the No Dealing Desk (NDD) execution option.
We cannot guarantee that one execution model will consistently offer better quotes, prices, or spreads than the other. Clients should assess the factors that influence their decision when choosing the appropriate execution type based on their trading method or strategy.
