MillionairesFlixCapital Trading Conditions
The following terms and conditions form an integral part of
your agreement with
MillionairesFlixCapital and shall be read carefully;
MillionairesFlixCapital does not bear any liability for clients who fail to comply with these
Terms
and Condition of
trading.
For legal issues, contact us support@millionairesflixcapital.com.
Spread
MillionairesFlixCapital Broker offers clients competitive spreads on all instruments, but may
rarely
make small
increases on some or all instruments; ensuring that it provides the best available
market conditions and
tightest spreads, since one of our most important objectives is to ensure that your
orders are executed at the
best market price and that you get the tightest spreads available.
Hedging
MillionairesFlixCapital allows clients to open positions in the opposite direction of
previously
opened positions in the
trading account, to reduce loss and to decide later when to enter the market.
Hedging an instrument by its corresponding Future OTC contract is forbidden (for
swap-free accounts), because
this represents an attempt to take advantage of the swap free facility and gain profits
from swaps, one
direction of this kind of hedge must be closed immediately. If the client fails to take
action to avoid such
practices, MillionairesFlixCapital will, unfortunately, be required to close or take other
action (by
deducting the
swaps retroactively or any other means) on these accounts without further notice.
Hedged positions will be held in the trading account without affecting the required
margin value, since the
required margin is calculated for each instrument according to the net positions opened
at a specific moment.
Order Types
following orders may be given by the client:
- OPEN - to open a new position
- CLOSE - to close an open position
- PARTIAL CLOSE - to close a part of an open position at the current market price and keep the remaining lots (part) floating.
- MODIFY - to add, remove, edit orders for Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop.
- CLOSE BY - in case hedging is allowed.
- Multiple close - to close-hedged positions on a specific instrument
- Market orders - orders sent from the client terminal either by the client himself or a plug-in hooked to the client terminal (Expert Advisor), to buy or to sell an instrument at the current market price displayed on the market watch.
- Pending orders - this kind of order can be set in the same way used for market orders; but at prices predicted by the trader and may be achieved in the future, like limit, stop, and entry orders.
- All pending orders are guaranteed according to the fair market value.
- All pending orders are good till cancelled (GTC), unless the client places an expiry time and date on entry orders, or in the event that the financial instrument expires.
- All pending orders must be placed with respect to the rules appearing in the contract specifications for each instrument.
- Once pending orders are in the process, the system will reject any cancellation or modification attempted during that time.
- Pending order conditions may vary during hectic market conditions.
- If the market opens with a break off after a weekend or holidays, upon release of important economic and political news, or in the case of force majeure events; orders (sell stop, buy stop, stop loss) are fulfilled at the first available prices in the market.
- Even though such situations are not frequent, please be cautious when leaving pending orders for weekends and holidays.
- Placing stop orders prior to the release of financial news is not permitted, such orders may be rejected, deleted or filled at the best available market prices at that time.
Futures-OTC
All future trades are classified as market orders, and will be executed according to the
market prices provided
from its corresponding exchange at the time of execution; in addition, exchange fees may
apply.
Rollover: Futures-OTC contracts will not be rolled over automatically, neither accepting
rollover requests from
clients; in the case of any client need to rollover a future-otc position/s, open
positions on the current
contract can be closed and reopened at the next nearby future-otc contract before the
last trading day for each
contract. Available Futures instruments:
- Indices
- Commodities
- Energies
Leverage
Shall mean a ratio in respect of Transaction Size and Initial Margin, 1:100 ratio means
that in order to open a
position, the Initial Margin required is one percent of the original contract value.
The 1 (one) standard lot size is the measurement unit specified for each CFD contract.
The possible choice of a
leverage rate ranges from 1:1 up to 1:500 depending on the type of the CFD, the amount
of trading volume active
in the account and at the Company's discretion. At the opening of the Client Account,
the leverage rate is set
at 1:30 by default. The Client may change the leverage of his Client Account by
contacting the Company. The
Company has the right to allow a change to the Client Account leverage at the Company's
discretion. In addition,
the Company may, at its discretion, change the Client Account Leverage without any prior
notice to the Client.
Regardless of your account type or the amount of equity you have in your account, the
leverage you will be
allocated to trade with will be determined by the amount of trading volume you have in
active use at any given
time.
The default leverage on all accounts is 1:30 based on CySEC regulation. Higher leverage
will be available only
upon client's request and will be executed at our sole discretion.
Professional accounts will be handled individually and may not follow the above leverage
rules.
Utilizing a high level of leverage may extend your trading possibilities and lead to
larger gains as well as
higher risks; risks might be reduced by following a strict trading strategy at the
opening and closure of your
transactions. For further information, please talk to a Live Support Representative, or
view details in the
Contact Us page.
Trading Hours
MillionairesFlixCapital Clients can execute trades 24 hours a day from 00:05 on Monday until
23:30 on
Friday (Cyprus Time),
except for some instruments which halt at different times such as a break; the trading
schedules and more
specific information on each instrument is available through our website or within the
MT4 platform. We are
required to perform maintenance on our servers each night from 23:58 to 00:02 EET (
Eastern European Time ).
During this time all trading is halted on the platform.
System Failure
In case of system failure, which may result in a failure to execute an order according
to client instructions or
failure to execute an order at all; whether it was a scheduled routine system
maintenance or server update, or
an emergent disconnection by power or network failure or any other reason; clients are
kindly advised to contact
the dealing desk for any enquiries.
Inducement
The client acknowledges that from time to time the Company might pay a fee, commission
or provide non-monetary
benefits to third parties, in addition to the normal fees and commissions paid by the
client. The client agrees
that a reference fee may be paid to certain business consultants and introducers who
introduce new clients to
the Company and help to conclude and maintain the relationship between the Company and
these clients. The client
accepts that such inducements may be calculated based on several criteria, as for
example, according to the
trading volume of the client or the hits from the website and/or other digital media
channels. Further
information on the fee, commission, non-monetary benefit can be provided by the Company
upon the client’s
request.
Inactive/Dormant
Account
Any account(s), held with MillionairesFlixCapital, without any trading activity and/or
accounts that
are inactive and or remain
non-operational and/or holding zero balance/equity for a period of six (6) months and
more, are considered by
MillionairesFlixCapital to be Dormant accounts.
Such dormant accounts will be subject to relevant charge/cost(s), relating to the
maintenance/administration of
such accounts. When an account is classified as dormant MillionairesFlixCapital has the right
to
charge an ‘inactivity fee’ of
20 USD, 20 EUR, 20 GBP or 20 PLN (depending on the base currency of the account holder)
per month, which will be
charged and debited from the balance of the specific account until the account holder
has the required funds
available and/or until a zero balance/equity is reached. Such an ‘inactivity fee’ shall
not in any case give a
minus balance to the account.
Any Dormant account which continues to be dormant for a total period of twelve (12)
months, is considered to be
Closed on the first day after twelve (12) months of no transactions.
Both Dormant and Closed accounts will be frozen immediately, and the account holder will
not be permitted to
undertake any further transaction in such Dormant or Closed account.
In order for a Dormant or Closed account to be re-activated the account holder shall
proceed with MillionairesFlixCapital'
KYC/CDD procedures and by funding his account and conducting at least one (1) trade with
the Company.