| Demo
Trading Account
Wonder
what it is like to trade on the FX market? Trade it now! Contact
our customer service office and our staff will be happy to
set you up with a DEMO account where you can explore the online
currency world via the DIMEFX trading platform. Note that
our trading platform requires you to have Internet connection
and have Java Virtual Machine installed on your Internet browser.
(For information on how to get Java Virtual Machine, click
HERE, or contact our technical
support and we will be happy to assist you)
Trading
Accounts
There
are two different types of accounts available to you according
to your trading capital: the Mini
Account and the Standard
Account.
The
Mini Account
is designed for those new to online currency trading.
It is intended to introduce you to the excitement of currency
trading while trading smaller lot sizes. It has all the functionality
of a standard account with REAL TIME market charts. The mini
account allows greater flexibility for you to learn how to
trade the market with real funds. The Mini account is recommended
for traders with an initial trading capital of $250~$10,000.
Here is a description of a Mini Account:
| Trade
Size |
$10,000 |
| Leverage
Ratio* |
200
to 1 |
| Margin
(Deposit) |
$50 |
| Pip
Value |
~$1 |
| Trading
Account Min. |
$250 |
*Leverage
is a double-edged sword. Without proper risk mangement, this
high degree of leverage can lead to large gains as well as losses.
High Leverage and low margin can magnify or lead to both substatial
profits and losses.
The
Standard Account is designed for those
who have taken the programs offered by DIMEFX (click HERE
to find out more about course offerings), or have experience
in trading on the FX market.
The
Standard Account is basically similar to the Mini Account,
however, it is made for traders with larger trading capital.
Here
is a description of a Standard Account:
| Trade
Size |
$100,000 |
| Leverage
Ratio* |
100
to 1 |
| Margin
(Deposit) |
$1,000 |
| Pip
Value |
~$10 |
| Trading
Account Min. |
$2500 |
*Leverage
is a double-edged sword. Without proper risk mangement, this
high degree of leverage can lead to large gains as well as
losses. Please refer to the Risk Disclaimer at the bottom
of the page for the full disclosure
So
how does it work?
Take
for example, a 20-pip profit on a Euro trade is $200 on a
Standard Account. If your initial trading capital is $5,000,
this is equivalent to 4% as Return on Investment ($200/$5,000).
On
the Mini Account,
this would translate to $20 at $1 per pip. Although this return
is not as exciting as $200, it does give you a real sense
of how to trade the market. Once familiarity is established,
you have the option to increase the number of traded lots.
Until
you are completely comfortable trading currencies on a highly
leveraged basis, trading smaller amounts on the DIMEFX Mini
account is highly recommended.
Trading
foreign currencies is a challenging and potentially profitable
opportunity for investors. However, before deciding to participate
in the Forex market, you should carefully consider your investment
objectives, level of experience and risk appetite. Most importantly,
invest only excess capital and what you are able to risk.
Currency trading involves a high degree of risk and there
are no guarantees that you will make money and there is a
potential for loss.
There is considerable exposure to risk in any equities or
foreign exchange transaction. Any transaction involving currencies
involves risks including, but not limited to, the potential
for changing political and/or economic conditions that may
substantially affect the price or liquidity of a currency.
The
leveraged nature of FX trading means that any market movement
will have an equally proportional effect on your deposited
funds. This may work against you as well as for you. The possibility
exists that you could sustain a total loss of initial margin
funds and be required to deposit additional funds to maintain
your position. Your risk is what is deposited into your trading
account. If you fail to meet any margin call within the time
prescribed, your position will be liquidated and you will
be responsible for any resulting losses. 'stop-loss' or 'limit'
orders are highly recommended with any trades to reduce risk.
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