To initiate a position, from within the I-Trade24 trading platform display screen, click the desired “BUY” or “SELL”.

Depending on which instrument you selected, you must complete the following:

 

Contracts for Commodities: Choose the number of basic units/lots that you want to Buy or Sell.

Shares or Stocks: Choose the number of shares that you want to Buy or Sell.

Contracts for Indices: Choose the number of contracts that you want to Buy or Sell, with each transaction representing a multiple USD, EUR (or other currency) value of the traded.

Forex Purchase: Choose the number of basic units/lots that you want to Buy or Sell.

 

(Optional) Limit Orders (Buy/Sell) when Rate is: Set your price to Buy/Sell the instrument when or if it meets your specified price. Set the Limit Rate by selecting the limit order check box (Buy/Sell when Rate is), enter your desired order rate (From current Rate) and click Buy/Sell.

 

(Optional) Stop Limit (Close at Profit Rate): Enter the Stop Limit amount that you want to sell/buy the instrument at, representing the maximum amount of profit that you desire to make. The supplied default value is usually 1 pip above/below your purchase/sales rate.

 

(Optional) Stop Loss (Close at Loss Rate): Enter the Stop Loss amount that you want to sell/buy the instrument at, representing the maximum amount of loss that you want to incur on your initial transaction. The supplied default value is usually 1 pip below/above your purchase/sales rate. Note that after a favorable rate movement, manually adjusting this stop/limit rate (“Edit Position”) can ensure that profits are locked in.

 

 

Example of Opening a Position: You signed up and deposited $1,000 via credit card:

 

Balance: $1,000 (Deposits – Withdraws + P&L of closed positions).

P&L = $0 (total profit and loss of all open positions including Premium).

Available Balance: $1,000 (Balance + P&L of open positions – Initial Margins).

Equity: $1,000 (Balance + P&L of open positions).

1:00pm – you press ‘Buy’ Gold which is trading at: (Sell $1,199.65/Buy $1,200.35) per ounce.

 

Your criteria:

 

Number of ounces: 10.

Close at Profit Rate: $1,250.

Close at Loss Rate: $1,150.

The total amount you bought is: 10*$1,200.35 = $12,003.50

The Maintenance Margin required to maintain the gold position is 0.3%: $36.01

P&L = 0. (Usually the spread of gold is 50–70 cents so you would have a P&L of -$7).

Available Balance after you bought gold is $939.99: $1,000 – [$12,003.50: 200].

Equity: $1,000 ($1,000 + $0).

2:15pm – gold jumps to $1,250.

P&L +$496.50: (10*$1,250 – 10*$1,200.35).

Equity $1,496.50: ($1,000 + $496.50).

2:15pm – your Take Profit order executes, and the position is closed. You made $496.50 on the transaction.

Equity: $1,496.50

P&L: 0 (no open positions).

Available Balance: $1,496.50

If at 2:15 pm gold slumps to $1,150:

P&L –$503.50: (10*$1,150 – 10*$1,200.35)

Equity $496.50 ($1,000 – $503.50).

P&L: 0 (no open positions).

Available Balance: $496.50.

 

Risk Control and Order Types

Buy and Sell at Market Prices

Trade CFDs with I-Trade24, a leading online CFD forex broker, to buy and sell instruments at the current market price (at midpoint of the price spread that is set for each individual instrument). I-Trade24 offers Order Types which are available on our Trading Platform. I-Trade24 makes available Limit Orders to assist you in minimizing your risk.

Stop Loss Order (Maximum Loss)

A Stop Loss Order is an excellent way to prevent you from experiencing a huge loss, should the instrument (Shares, Forex, Commodity or Index) move in an unfavorable direction. The Stop Loss Order instructs I-Trade24 to close a position when or if the instrument reaches a specific price.

When the stock reaches this price, the Stop Loss Order becomes a market order. The Market Order immediately instructs I-Trade24 to close the position at the best possible price. However, please be aware that in a volatile market you may not receive the exact price that you expected, but it will be as close as possible.

A Stop Loss Order can also be used to protect profits on a stock that is moving in a favorable direction. You can repeatedly reset the price to close a position at and the Stop Loss Order will instruct I-Trade24 to close the position if the price is reached.

Take Profit Order

A Take Profit Order (Limit Profit) is an excellent way to protect your profits in the event that the instrument price (Shares, Forex, Commodity or Index) moves in a favorable direction. The Take Profit Order will instruct I-Trade24 to close a position when or if the instrument reaches a specified price.

NOTE: Under abnormal market conditions, CFDs may fluctuate rapidly to reflect unforeseeable events that cannot be controlled either by the Firm or you. As a result, your stop loss instructions might not be executed at the declared price (negative slippage might apply) hence a “stop loss” order cannot guarantee to limit losses during abnormal market conditions.

 

 

 

 

 

 

 

 

 

 

 

Leverage and Margin

Leverage

Leverage is the mechanism whereby your CFD margin deposit controls an asset of multiple times greater value, offering a magnified trading impact and accelerated return. For example: You deposit $1,000 and your Equity is $1,000 and the leverage offered is 1:50. Your leveraged amount is 1,000 x 50 = $50,000. The Required Securities (margin deposit) is displayed on each pop-up trade screen. Leverage is a technique used to multiply gains; however, leverage can also multiply losses. Remember, the high degree of leverage can result in substantial losses.

Note that margin requirements usually increase proportionately to the value of the underlying trade asset.

What is a Margin Call?

Your Margin is monitored in real time, providing you with the benefit of knowing where you stand at all times. The Maintenance Margin level is the minimum amount of equity needed to maintain an Open Position. Should your equity fall below the minimum amount, I-Trade24 will automatically execute a Margin Call trade and close any open positions until your account equity exceeds the Maintenance Margin level requirement.

 

Example of a Margin Call:

You signed up and deposited $10,000 via credit card:

Equity: $10,000 (Deposits – Withdraws + P&L of opened positions).

Available Balance: $10,000 (Balance + P&L of open positions – Initial Margins).

P&L = $0 (total profit and loss of all open positions including daily Premiums).

10.20am – You buy 200 Google Shares (CFDs) at $540.00.

The total amount you bought is: 200*$540 = $108,000.

The Initial Margin that is needed for 200 Google Shares is 2%: $2,160.

The Maintenance Margin that is needed to maintain 200 Google Shares is 1%: $1,080.

If your equity drops below $1,080 you will get a Margin Call. I-Trade24 will liquidate your open positions.

Equity: $10,000 ($10,000 + $0).

Available Balance after you purchased the Google shares is: $7,840 ($10,000 – 2%*$108,000).

P&L = $0.

1.00pm – Google shares drop to $510.

 

‘Equity’ is $4,000 (-$6,000 + $10,000).

Available Balance: $7,240 ($10,000 – 2%*$108,000 + 200*($510 – $540)).

P&L = -$6,000 (200*$540 – 200*$510).

1:15 pm – Google shares fall to $495. You receive a Margin Call and I-Trade24 liquidates your position.

 

Equity: $1,000 (-$9,000 + $10,000).

Available Balance: $0 ($10,000 – 2%*$118,000 + 200*($495 – $540)).

P&L = -$9,000 (200*$495 – 200*$540).

The reason you received a Margin Call is because your Equity is $1,000 and you need $1,080 to maintain an open position on 200 Google Shares. Therefore, I-Trade24 has liquidated your position. Your current balance is:

Equity: $1,000.

Available Balance: $1,000 (Deposits – Withdraws + P&L of closed positions).

P&L = $0 (no open positions).

Initial Margin

To open a new position, your available account equity must exceed the trade’s initial margin level requirement. Margin levels vary among the different financial instruments.

You can view your required margin total under the My Account bar on the left side of the trading platform page. Please be aware that your initial margin is continuously monitored in real-time.

Maintenance Margin Level

To keep your new position open, the equity in your account must exceed the total Maintenance Margin Level. The Maintenance Margin Level requirements are specific to each financial instrument. I-Trade24 always displays the Maintenance Margin level for each individual instrument.

You can view your Maintenance Margin under the My Account Bar on the left side of the Main Page. Please remember that your Maintenance Margin is continuously monitored in real-time.

Safety Measure

For your financial safety, if additional margin is not provided, I-Trade24 will automatically close out positions on your behalf. Remember, the higher the leverage the higher the risk of losing your deposited capital. Leverage can work both for you as well as against you.

 

Risk Management Tools

Manage your trading with our Risk Management Tools.

Limit and Stop Loss Order

Managing Your Account Leverage

Managing Your Desired Account Leverage

With I-Trade24 you have the flexibility to trade with high, low or no leverage at all. You can control your Equity by depositing or withdrawing funds and you are able to control your Total Position value by opening or closing positions.

You can see your Equity and other critical data under the My Account Bar on the left half of the Main Page.

 

Example:

  • You deposit $200,000 (your Equity is $200,000) and then you buy Oil worth $200,000.
  • You are now trading with a leverage of 1 (no leverage).
  • You deposit $20,000 (your Equity is $20,000) and now you buy Oil worth $200,000.
  • Now you are trading with a leverage of 10.

 

Please be aware that a night premium pays for any position that is held overnight.

 

Stop Loss, Take Profit and Limit Order

Stop Loss Order – Can be added to trades before they are opened or by editing an open position. Traders are able to set an exit point for a losing trade.

Take Profit Order – The opposite of a Stop Loss Order, traders are able to set an exit point for a winning trade.

Limit Order – Traders are able to open a position with an order to buy or sell at a predefined rate. The trader’s objective is to buy or sell at a better price than the market rate.

 

A Quick Example:

  • Yahoo trades at $305.95 – $306.95 (Sell/Buy)
  • You buy 15 shares of Yahoo.
  • You want to limit your loss to $150.
  • You place a Stop Loss order price of $296.95.
  • Yahoo gaps down to $296.95 and then to $292.
  • Your position will be closed at $296.95.
  • Your loss is: 15 x (306.95 – 296.95) = $150.

 

Instrument Types and Pricing

Shares, Stocks, Equity CFDs – Apple, Google, Nike, JP Morgan, Yahoo, IBM, etc.

I-Trade24’s CFD trading system allows you to be a part of worldwide CFD trading systems on the most actively traded shares. The contract value of I-Trade24 Equity CFDs is quoted in cents, which means that if Apple CFDs are trading at USD 98.56, then the value of one Apple CFD is USD 98.56. With a 5% Initial Margin, you are able to gain up to 20 times leverage exposures to the most actively traded shares listed on the World Stock Exchanges. I-Trade24 has one of the most powerful CFD trading platform so you can begin trading now!

Forex Trading – EUR/USD, USD/JPY, etc.

Trade the most popular international currency pairs with I-Trade24. Our powerful and innovative trading system will provide you with over 50 leveraged Forex pairs. Magnify your trading potential on investment using margined CFD leverage position. Remember that leverage magnifies the scope for both return and losses and you should be cautious when using the leverage.

Index CFDs – S&P 500, Dow Jones, etc.

Trade the future value of Indices CFDs from popular Share Markets worldwide with I-Trade24. The contract value of one Index CFD equals the price quoted in the currency of the Index. For example, if the UK 100 is trading at 6750, then the value of one UK 100 CFD is £ 6,750. We offer the market trader fixed spreads between the buy and sell prices and no commissions!

Commodity CFDs – Gold, Silver, Oil, Natural Gas, etc.

Begin trading the world’s key Commodities with I-Trade24. With our fast and innovative trading system you will have immediate access to the Commodities CFD market. The contract value of one Commodity CFD equals the price quoted in the currency of the commodity. For example, if Gold CFDs are trading at $1,200.50, then the value of one-ounce Gold CFD is $1,200.50.

Pricing

View real-time prices directly from the market where the underlying instrument is traded. A small fixed calibrated buy-sell premium is applied to the market mid-price to arrive at the I-Trade24 quoted price.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fees

Spreads Only

A spread is the difference between the bid and the ask price of a financial instrument.

To see the Spread value for each product please refer to our CFDs list.

 

Deposit Fees

There are no deposit fees charged to the client.

 

Withdrawal Fees

There are no withdrawal fees charged to the client.

 

Premium Charges

Keeping a position open after a specific hour (approximately 22:00GMT (21:00DST)), as shown in the I-Trade24 trading platform display screen “Details”, subjects you to an I-Trade24 funding premium that is subtracted from your account. This premium covers the benefit/cost of the associated funding.

 

Trade settlement occurs two business days (T+2) after the trading day (opening/closure of a position). The day of settlement is also called the value day.

 

To see the Premium Sell and the Premium Buy Charges for each product please refer to our CFDs list.

 

Example of Opening a Position and holding it over the night: You signed up and deposited $1,000 via credit card:

 

  • Balance: $1,000 (Deposits – Withdraws + P&L of closed positions).
  • P&L = $0 (total profit and loss of all open positions including Premium).
  • Available Balance: $1,000 (Balance + P&L of open positions – Initial Margins).
  • Equity: $1,000 (Balance + P&L of open positions).
  • On Monday at 1:00pm – you press ‘Buy’ EUR/USD which is trading at: (Sell 1.05034/Buy 1.05064).

 

Your criteria:

 

  • Balance (Deposits – Withdraws + P&L of closed positions+ Premium): $1,002.2 ($1,000 – 0 + $4 + (-$1.8))
  • Premium: -1.8 pips = -$1.8
  • P&L = $0
  • Equity: $1,002.2

* In case you decide keep the trade opened over another night, the charge will apply again per each night.

 

Example of Opening a Position and holding it over the night: You signed up and deposited $1,000 via credit card:

 

  • Balance: $1,000 (Deposits – Withdraws + P&L of closed positions).
  • P&L = $0 (total profit and loss of all open positions including Premium).
  • Available Balance: $1,000 (Balance + P&L of open positions – Initial Margins).
  • Equity: $1,000 (Balance + P&L of open positions).

On Monday at 1:00pm – you press ‘Sell’ Gold which is trading at: (Sell $1,199.65/Buy $1,200.35) per ounce.

 

Your criteria:

 

  • Number of ounces: 10.
  • The total amount you sold is: 10*$1,199.65 = $11,996.50
  • Premium Sell: -25 pips
  • Pip value: 1 pip= $0.1

You hold the deal over the night (10PM GMT- 9PM GMT DST) and Premium charge applied (-$2.5)

You decide to close it on next day (Tuesday) at $1,200.65

 

Your criteria:

 

  • Balance (Deposits – Withdraws + P&L of closed positions+ Premium): $987.5 ($1,000 – 0 -$10 + (-$2.5))
  • Premium: -25 pips = -$2.5
  • P&L = $0
  • Equity: $987.5

* In case you decide keep the trade opened over another night, the charge will apply again per each night.

 

Inactivity Fee

An Inactive Account Fee of up to $10 USD per month is assessed to I-Trade24 accounts that are inactive. An account is considered inactive if there has been no trading activity for a period of 3 months.

 

Dormant Account Maintenance Fee

A Dormant Account Maintenance Fee of up to $60 USD per month is assessed to I-Trade24 accounts that are inactive for one year or more. An account is considered inactive if there has been no trading activity for a period of 3 months.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Account Verification

Thank you for opening an account with I-Trade24. Because of our regulatory obligations, our priority is the client’s security. Therefore, we require specific identification documents. These documents should be supplied to I-Trade24 in order to be able to start trading.

Should you choose to scan your documents, we strongly advise you to use the following setting: 200 dpi, grey level (not color), file format should be JPEG, resolution should be set to 24 bits.

Documents can also be photographed by smartphone and uploaded either from: The Web Trader Account Options tab > Account Verification or via mobile app: Help & Support node > New Subject > Upload File.

Furthermore, ensure that you have completed the assessment of appropriateness, step 2, of our registration process, detailing your experience, activity and other knowledge.

Please provide the following:

Government Issued Photo ID

The ID must clearly display your name and your date of birth. It must also have a valid expiration date. Passports and Driver’s licenses are ideal. The name must correspond with the name you supplied on your application.

Proof of Address

The address must correspond with the address you supplied on your application. This can be in the form of a utility bill (electricity, phone, water), bank statement, lease or mortgage agreement. Please note that bills that have been received prior to 3 months ago cannot be accepted. Ensure that your name appears on the bill, along with your address and the name of the company issuing the bill. They must all be clearly visible.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Withdrawal Policy

As part of our commitment to provide truly superior service, I-Trade24 (the “Company” or “we”) will make every effort necessary to ensure that withdrawal requests are processed quickly and efficiently. To protect against fraud, we may also request additional information. We utilize industry leading security and encryption technologies available to ensure that transactions and financial information are kept secure.

*Please note that your account must be fully verified prior to the withdrawal process. A list of documents required can be found here. In some cases, the Company reserves the right to request some additional documents.

The required documentation:

Government Issued Id/Passport

Proof of Address

Assessment of Appropriateness

Withdrawal Process

If you have opened positions, you will not be able to withdraw your entire Available Balance. A minimum amount is needed to maintain a Maintenance Margin.

(Available Balance – Maintenance Margin) and margin >= 1% = Max Withdrawal Amount

 

Withdrawal requests take up to five business days to process. Delays beyond our control might occur due to third party withdrawal payment methods (i.e. credit card company, the wiring bank or intermediary banks which delay transfers, in extreme cases, of up to 3 weeks).

 

How do I request a withdrawal?

Log in to your I-Trade24 account

Click “Withdraw” on the main page

Please enter the amount and submit it by clicking the “withdraw” button

To complete your request, please print a withdrawal form, sign it manually and sent it to support@I-Trade24.com

Once your request is complete, the information is forwarded to us for processing. You will receive an email confirmation of your withdrawal request.

*Please note that your account must be fully verified prior to the withdrawal process. A list of documents required can be found here. In some cases, Company reserves the right to request some additional documents.

 

**Your withdrawal shall be processed via the same method that the deposit was made. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account. Other deposits made by e-wallet will be returned as a bank transfer.

 

***All profits will be returned via bank transfer. (The profit amount less than $150 might be transferred by any other method approved by the Company, subject to regulation).

 

How do I check status of my withdrawal request?

Click Account Options > Funds Management > Withdrawal requests.

You will see a new pop up window with full details of your withdrawal.

*Please note that you can cancel your request at any time while its status is “pending”

 

Why a withdrawal was rejected?

Your account is not fully verified.

We did not receive a signed withdrawal form.

A withdrawal form is not manually signed, we received only parts of it or it states a date of withdrawal which was already rejected

We were unable to transfer funds to the Bank/e-wallet details provided or we did not receive correct details at all.

Withdrawal fees

I-Trade24 does not charges any fees for withdrawal processing. The total withdrawal amount will be transferred to your bank account, credit/debit card or e-wallet, however banks and/or intermediaries banks, processor’s fees may apply. We do not accept any responsibility for such fees.

 

Payment Support

Our Client Support team is ready to help you with any questions you may have to make your online trading experience as pleasant and convenient as possible, 24 hours a day, 5 days a week. Please contact us with any questions you may have.

 
 
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