VIP Account
The VIP Account is designed for traders who prefer fixed spreads for consistent and predictable trading conditions. This account type allows traders to make precise, well-informed trading decisions and execute strategies with complete control. Additionally, the VIP Account is highly compatible with Expert Advisors (EAs) that are optimized for fixed spreads, ensuring seamless performance and strategic consistency.
| CURRENCY PAIR | FIXED |
|---|---|
| Trading Platform | Webtrader and Mobile Trading |
| Spreads | Fixed for Forex* |
| Trading Instruments | Forex, Indices, Commodities, Shares and CFDs |
| Fifth Decimal | Yes |
| Max leverage | 1:100 * |
| Execution | Market Execution |
| Minimum opening deposit | $500,000 |
| Minimum trade size | 0.01 lot |
| Trade size increment | 0.01 |
| Maximum Total Trade Size | 60 standard lots per position |
| Maximum Simultaneous Open Orders | 300 |
| Margin Call / Stop out level | 50% / 20% |
| Telephone Trading | Yes |
| Account Currency | USD |
| Commission | No |
Our WT historical spread analysis indicates that our spreads stay fixed 99.73% of the time but may widen temporarily during major economic news or rollover periods. Additionally, maximum leverage can vary based on the client’s assessment process.
Advertised Spreads
Our spreads are variable and may change with market conditions. The spreads provided are based on a time-weighted average from January 1, 2014, to May 1, 2014. Advertised spreads may not apply to accounts linked to referring brokers. Although we aim to offer tight, competitive spreads, there may be instances where market conditions lead to wider spreads than those listed.
EXECUTION DISCLAIMER
Sky Bit Holdings acts as the final counterparty in both dealing desk and no dealing desk Forex trading models, sourcing bid and ask prices from various liquidity providers and applying a mark-up that varies by provider and account type. Factors influencing the mark-up include network performance, liquidity depth, and execution quality. The dealing desk model may involve fewer liquidity providers than the NDD option and backup providers are available when needed. Clients should choose the execution type that aligns with their trading strategies, as quotes and spreads can differ between models.
