Once you have opened a trading account, received your login details by email and funded your account, the next step is to download a trading platform of your choice.
We offer different packages, with commission paid on trade volume. For more information please contact us at email@example.com.
IB stands for Introducing Broker. An IB’s function is to promote Vinson Financials as a brokerage and introduce new traders to its platform.
One standard lot is equivalent to 100,000 units of the base currency, while a mini lot (0.1 lots) is equivalent to 10,000 units and a micro lot (0.01 lots) is equivalent to 1,000 units.
Pending orders are instructions given by the trader to buy or sell a financial instrument when its set price is reached.
Swap free accounts are accounts that are interest free for positions carried forward overnight.
Pending orders are distinguished as stop orders and limit orders.
A limit order limits the price at which a trader is prepared to buy or sell. There are two types of limit orders: a buy limit order is an instruction to buy a financial instrument at a specified price or lower; a sell limit order is an instruction to sell a financial instrument at a specified price or higher.
A stop order is an instruction to open a trade when a predefined price level is reached. There are two types of stop orders: a buy stop is an instruction to buy a financial instrument at the market price; a sell stop is an instruction to sell a financial instrument at the market price. These types of orders can be executed at a better or worse price than the one set by the trader.
A pip (percentage in point) is the term used for the smallest movement in currency prices, which are generally quoted to four or five decimal points, with the exception of currencies quoted to two decimal points. The pip is the fourth digit after the decimal point for currency pairs quoted to four and five digits, whereas the pip is the second digit after the decimal point for currency pairs quoted to two digits. For example, EUR/USD 1.3201 and USD/JPY 98.12.
A requote usually occurs in volatile markets conditions. This means that the price requested by the trader is no longer available. In this instance, the price may have already changed by the time a trade order is received; therefore, the trader is offered the next available price. The new price, however, can either favor or be against the trader.
Leverage is the method that allows traders to make larger investments than their initial capital investment would allow. For example, with a 1:20 leverage you can manage a 20,000 USD investment with 1,000 USD.
A margin call occurs when the margin level of your trading account reaches or falls below your used margin. In the event of a margin call your trades are automatically closed to avoid your account from reaching a negative balance.
This is the amount of available free funds you must have in your account in order to place a trade. It is determined by the leverage percentage you selected when your account was opened. For example, with a leverage of 1:100 the free margin required to make a trade of 1 lot for USD/JPY would be 1,000 USD.
Slippage is the price difference, measured in pips, between the price a trader expects a pending order to be filled at, and the price it is actually filled at. It usually occurs in special market conditions like fast moving volatile markets or low liquidity conditions. Slippage may be positive, negative or neutral.
Spread is the difference between the bid and ask price of a financial instrument.
Stop loss is an order to close a position in the event that a trade moves in an unprofitable direction.
Swap refers to the change in interest rates when a position is carried forward overnight. It can be both positive and negative; this varies according to the interest rates. It is charged automatically at the end of each day at 23:59 server time.