Silver Account
The Silver Account is tailored for experienced retail traders and offers flexibility in position sizing, with a maximum single trade size of 60 lots and a minimum trade size of 0.01 lot, adjustable in increments of 0.01. This account is compatible with the main trading platform, WebTrader, and mobile trading platforms, providing traders with versatile access and control over their trading activities.
| CURRENCY PAIR | FIXED |
|---|---|
| Trading Platform | Webtrader and Mobile Trading |
| Spreads | From 1 pip |
| Trading Instruments | Forex, Commodities, Shares and CFDs |
| Fifth Decimal | Yes |
| Max leverage | 1:25* |
| Execution | Market Execution |
| Minimum opening deposit | $ 25,000 |
| Minimum trade size | 0.01 lot |
| Trade size increment | 0.01 |
| Maximum Total Trade Size | 5 Standard lots |
| Maximum Simultaneous Open Orders | 150 |
| Margin Call / Stop out level | 40% / 10% |
| Telephone Trading | Yes |
| Account Currency | USD |
| Commission | No |
The Maximum leverage may vary based on clients’ appropriate assessment
Advertised Spreads
Our spreads are variable and may change with market conditions. The listed spreads were calculated as a time-weighted average from January 1, 2014, to May 1, 2014, and may not apply to accounts linked to referring brokers. While we strive to offer tight, competitive spreads, market conditions can sometimes lead to wider spreads than those advertised.
EXECUTION DISCLAIMER
When trading Forex using either the dealing desk or no dealing desk (NDD) execution model, Sky Bit Holdings acts as the counterparty, sourcing bid and ask prices from multiple liquidity providers and adding a mark-up that varies based on provider and account type. Factors like liquidity depth, quote rejection rates, and network performance affect this mark-up. The dealing desk model may use fewer liquidity providers compared to NDD, with backup options available when needed. Clients should assess which execution type aligns best with their trading strategies, as conditions may vary.
