F.A.Q

WHAT IS CFD?

CFDs (Contracts for Difference) is a simple and highly effective form of online investment. It is used to speculate on the future movement of market prices regardless if they are rising or falling. Trading CFDs allows you to build a diverse portfolio of more than 1,000 underlying assets, such as forex, stocks, commodities and indices.

HOW DO I TRADE CFD’S?

The MegaTradeFX platform allows you to open and close a CFD position whenever the markets are open. If you believe that an asset’s price is about to rise, you open a “Buy” position. If you think that an asset’s price is about to fall, you open a “Sell” position. The entire process takes less than a minute and you can constantly monitor your trading progress at any given time.

HOW DO I OPEN/CLOSE A POSITION?

Opening and closing CFD positions on the trading platform is quite simple. To open a position, please follow these steps:

  1. Select the asset you wish to trade on.
  2. Fill in the amount (units) you wish to invest in.
  3. Determine to go long “BUY” or go short “SELL”.
  4. Set your stop loss/take profit parameters.
  5. Click the “Invest” button.

If you wish to close a position, please follow these steps:

  1. Go to the “CFD Open Positions” tab and select the position.
  2. Hover your mouse on the “Market Rate”.
  3. Click the “Close” button.
  4. Click “Confirm”.
DOES TRADING CFD’S REQUIE ANY PREVIOUS EXPERIENCE?

No. There is no need for any previous experience in order to start trading CFDs.

WHAT IS THE MAXIMUM LEVERAGE I CAN TRADE WITH?

We provide up to 200:1 leverage on major indices assets.

WHAT IS AN ENTRY ORDER?

An entry order is an automatic instruction to open a position when the market price reaches a certain level. It is used when you expect an underlying asset to get to a certain price, but don’t have the time to constantly monitor the market.

HOW CAN I OPEN AN ENTRY ORDER POSITION?

You can open an entry order position by simply logging into your account and selecting the “Entry order” option right next to “Trade” on the MegaTradeFX platform.