What is the difference between spreads and commission Commission is charged in the currency class that is in your account and varies depending on your account type and performance. Spreads are varied based on the currency and asset that you are trading in, and can also be affected by market conditions.

How do you determine which leverage level is right for you? Leverage levels are very individualized decisions based on your personal needs. With decreased leverage, you decrease risk. You also decrease the ability to open larger positions as the margin cost is higher. Alternatively, increased leverage increases the ability to open larger positions as the margin cost is lower. They also bring with them higher risks. It is important to use leverage adequate to your comfort level and limit your losses.

What is Swap? A forex swap rate, also known as the rollover rate, is the interest earned, or charge, for keeping a position open overnight. It is the differential between the two components of the currencies in which you are trading. These rates are determined by the interbank spread and cross-currency basis.  Swaps can be paid by a trader, or a trader can incur swap charges on relevant trade positions. Often, this is determined by the asset being traded, whether you hold a long or short position and whether the trade was held over a rollover period.

What are Overnight charges? If you make the decision to keep a position open through the end of a trading day, you will be paid or charged interest on that specific position, depending on underlying interest rates of the currencies pair in which you are trading. The factors to take into consideration when holding a position overnight are the current interest rates in the two countries, price movement of the currency pair, behavior of the forward market and the swap points of the broker’s counterpart

What are Premier Events? Some market events differ in liquidity which means access to those events could be limited. Investors who hold a higher account level can guarantee access. for example; earnings reports, initial public offerings and other high-demand trading opportunities.

What does loyalty package mean? You’ll know once you get it.