Trading Conditions at FX Trader

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:

AUD/USD EUR/USD GBP/USD USD/CAD USD/CHF USD/JPY
CROSSES:
AUD/CAD AUD/CHF AUD/JPY CAD/CHF CAD/JPY CHF/JPY
EUR/GBP EUR/CHF EUR/AUD EUR/CAD EUR/JPY GBP/AUD
GBP/CAD GBP/CHF GBP/JPY      
CHF/NOK AUD/NZD EUR/CZK EUR/DKK EUR/HUF EUR/NOK
EUR/NZD EUR/PLN EUR/SEK EUR/SGD GBP/NOK GBP/NZD
GBP/SEK GBP/SGD NZD/CHF NZD/JPY NZD/SGD USD/DKK
USD/HKD USD/HUF NZD/USD SGD/JPY USD/CZK USD/SEK
USD/SGD USD/ZAR USD/MXN USD/NOK USD/PLN  

 

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.