Citadele Bank offers the following trading conditions:
- Leverage: 1:100
- Base currency: US Dollars (USD)
- Minimum security deposit: USD 1 000
- Minimum volume of a transaction: 100 000 base currency units
- Stop out level: when 20% of the minimum security deposit is reached
- Preciseness: up to 5th digit behind the comma; for example 1.31458
50 currency pairs are available:
What is Citadele Bank's base currency in Forex trading?
Base currency is US Dollars. This means that US Dollars are to be deposited with the trading account. Profit or loss will also be calculated in US Dollars. In case clients make a transfer to their trading account in another currency (for example, Lats or Euros), Bank reserves the right to convert the sum into US Dollars before these funds are transferred to the trading account.
What leverage is available at Citadele FX Trader?
Leverage is 1:100. This means that 1% of the transaction amount is necessary as security for opening a position. In other words, to open a position of 100'000 USD to JPY, at least 1'000 USD must be deposited to the security account. It should be pointed out that this is the minimum deposit. Clients may make larger deposits thus decreasing leverage and the possibility of a Margin Call situation at their discretion.
What is Margin Call and when are my open positions closed?
The Bank exercise control in order for clients' losses not to exceed the amount of security deposit. Therefore when the amount of losses reaches 80% of the open position's minimum deposit sum, the system automatically closes all the client's open positions. The platform will notify of the approaching of such a situation when losses reach 50% of the minimum deposit.