Forex Funding
FAQs

Smart Trading. Smart Traders.

Forex Traders Frequently Asked Questions

About T4TCapitalFM

T4TCapital is the parent company of some of the most progressive FX brands and prime brokerage providers in the industry. T4TCapital provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries.

T4TCapital’s global footprint includes local offices in the Middle East, North America, Europe, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4.

Are you regulated?

T4TCapital is a Proprietary Trading company and is not a broker. We trade our own capital and do not put clients’ money at risk. As such we are not regulated.

What is Forex Trading?

Forex is also known as foreign exchange or FX, it allows you to buy and sell currencies where you can trade one currency against another currency. The forex market is available 24 hours a day, five days a week and is one of the largest and most liquid financial markets in the world.

Where do you get your pricing from?

T4TCapital uses a pool of more than 35 liquidity providers including top tier Banks and prime brokers whose prices are aggregated to offer the best execution to our clients.

Where are your offices located? Can I visit your office?

Post the COVID 19 pandemic we no longer have physical offices. All our staff operated form home virtually around the world. We have staff in New York, London and Sydney.

Where are your trading servers located?

T4TCapital’s servers are all located in London, United Kingdom.

Is my personal information safe?

Your personal information is highly secured, we do not pass your personal information to any third party, and we do not sell your personal information for any purposes.

What is a lot?

The basic contract unit of the Retail Foreign Exchange is the lot.
The standard lot size is 100,000 units of the base currency, known as a Standard Lot (1st currency in the currency pair), however you can also trade either multiples of, or fractions of, lots. The minimum at T4TCapital is 0.01 lot.

Example: Buying 1 lot on the GBP/USD market is the equivalent to buying £100,000 and selling the equivalent amount of USD at the current rate.

 

Lot Size                   Units of base currency (First currency)

1                            100,000

0.1                         10,000

0.01                       1,000

What is the minimum lot size I can trade?

The minimum lot size that you can trade with, is 0.01 lot on Forex and Metals. For minimum lot sizes of indices please click here, and for minimum lot sizes for commodities, please click here.

What is a pip?

A pip, short for point in percentage, is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardized unit and is the smallest amount by which a currency quote can change. It is usually $0.0001 for U.S.-dollar related currency pairs. A fractional pip or point is equivalent to 1/10 of a pip. There are 10 points to every 1 pip.

What is leverage?

Leverage is a way to make larger investments than the initial risk capital will allow.

For example: A trader can use 1:500 leverage and can control a $500,000 trade with $1000.

What does the spread mean?

The spread is the difference between the ASK price and the BID price. The BID price is the rate at which you can sell a currency pair, and the ASK price the rate at which you can buy a currency pair.

What is the required margin?

The margin requirement is the amount of funds used to hold a position open.

What is the difference between balance and equity?

The balance on your account reflects the amount of funds you currently have in your account, without taking into consideration any open positions profit or loss. Equity is your balance +/- the floating profit/loss of your open positions.

How do I calculate the required margin?

Margin = Base Currency Volume / Leverage

 

Example 1:

 

Account Currency: USD

Currency Pair: USDCAD

Base Currency: USD

Volume = 1.00 lot (100,000 units of base currency)

Leverage = 1:500

Margin = (100,000 * 1) / 500 = 200.00 USD

 

Example 2:

 

Account Currency: USD

Currency Pair: EURUSD

Base Currency: EUR

Volume 0.10 lot (10,000 units of base currency)

Leverage= 1:400

Spot rate EUR to USD = 1.1400

Margin = (10,000 * 1.1400) / 400 = 28.5 USD

 

 

 

Example 3:

Account Currency: USD

Currency Pair: GBPCHF

Base Currency: GBP

Volume: 0.20 lot (20,000 units of base currency)

Leverage: 1:100

Spot rate GBP to USD = 1.3200

Margin = (20,000 * 1.3200) / 100 = 264.00 USD

How do I calculate the profit/loss of a position?

To calculate the profit or loss of a position:

BUY Positions

Profit = (Closing Price – Opening Price) * Volume

SELL Positions

Profit = (Opening Price – Closing Price) * Volume

Keep in mind that the profit is calculated on the quote currency, and you will need to multiply the exchange rate between the quote currency of the traded pair and the account base currency.

Example 1:

Account Currency: USD

Position: BUY 1.00 lot EURUSD

Opening Price: 1.14000

Closing Price: 1.14500

Volume: 100,000

Exchange rate to USD = 1

Profit = (1.1450 – 1.1400) * 100,000 = 500 USD

Example 2:

Account Currency: USD

Position: SELL 0.10 lot USDCAD

Opening Price: 1.3400

Closing Price: 1.3380

Volume: 10,000

Exchange rate CAD to USD: 0.747

Profit = (1.3400 – 1.3380) *100,000 = 200 CAD

Profit = 200 * 0.747 = 149.4 USD

Example 3:

Account Currency: USD

Position: BUY 1.00 AUDNZD

Opening Price: 1.0250

Closing Price: 1.0210

Volume: 100,000

Exchange rate NZD to USD: 0.6920

Profit = (1.0210 – 1.0250) * 100,000 =  -400.00 NZD (Loss)

Profit = 400 * 0.6920 = -276.8 USD (Loss)

What is Margin Call?

A margin call occurs when the account equity falls below the required margin.

Once your margin level goes below 100%, your account will go into margin call. You will no longer be able to open new positions. To avoid further losses or liquidation (which happens at 30% on our accounts), the client must either deposit more funds into the account or close some of the positions to raise back his margin level.

What is the Stop out level?

If your Equity falls to less than 30% of the required margin, your trade(s) will be closed out by our Automated Risk Management System starting with the position with the greatest loss, until your equity can support 30% or higher of your margin requirement.

You need to make sure that you fund your account well in advance to make sure you can support your margin requirements. To calculate the margin level (%), apply the following:

(Equity / Margin held on open trades) x 100

Equity equals your balance plus or minus floating profit or loss.

Margin is the amount of funds being used to hold a position open.

Margin level is the equity divided by used margin multiplied by 100.

Do you allow Scalping?

Yes, we do.

Do you allow Hedging?

Yes, we do.

What is the Margin Requirement for hedged positions?

Our margin requirement for hedged positions is Zero.

When you decide to hedge a position in one particular instrument (respectively buying or selling the same amount of that instrument), there will not be any margin needed to maintain the hedged position. As such, your net position will be equal to zero.

As a result of the decreased margin, you will have the benefit of more available funds.

If the required margin for hedged positions is 0, how can my positions be stopped out?

While there is no margin requirement requested for fully hedged positions, this does not protect your orders to be closed out at one point.

Mainly this is related to spread widening. Spreads may widen depending on the product you are trading during overnight hours, over news releases, during market opening and market closure, as the liquidity is thin, and the volatility is high.

This can also be related to the overnight financial charges, which apply to each position if you keep them open over rollover, which takes place at midnight MT4 platform time each trading day.

The moment the equity on your account falls below zero your open positions will be closed out, so it is important to ensure you have funds to support your account.

Are my trades guaranteed?

Orders are never guaranteed because if volatility is high, prices can be missed, and we may not be able to obtain a quote for you at the price you requested.

What is slippage and why does it happen?

Orders are sometimes filled away from the desired price due to gaps in the market. This occurs because currency prices can sometimes be very volatile, or liquidity can be thin. In these scenarios, orders cannot always be filled at the exact price, but the next available price.

What are Forex Trading Hours?

The Forex market is open 24 hours a day, 5 days a week.
The time on MT4 is shown as Eastern European Time (EET).
During Daylight-Saving Time, EET is 3 hours ahead of Greenwich Mean Time (GMT +3). During Standard (Winter) Time, EET is 2 hours ahead of GMT (GMT +2).
The end of our trading day always aligns with the market close in New York.

Can I trade outside the trading hours?

Unfortunately, no. Trades can only be placed during market hours when the market is open.

What currency pairs can I trade?

We currently offer 61 currency pairs, ranging between major currency pairs, minor currency pairs and exotic currency pairs.

How is a currency pair read?

Each currency pair is represented by 2 currencies written in two 3 letter codes (e.g. EURUSD or EUR/USD) where the first 3 represent the currency being traded, and the second three represent the currency being traded against. The first currency represents the base currency and the second currency represents the quote currency. The value provided in an exchange rate refers to the amount required in the quote currency to buy 1 unit of the base currency. For example: EURUSD is currently trading at 1.23584 means that you need 1.23584 USD to buy 1 Euro.

What does base and quote currency mean?

The base currency is the first currency in a currency pair. The quote currency is the second currency in a currency pair also known as term currency. For example, the EURUSD currency pair, EUR is the base currency and USD is the quote currency.

What are CFD's?

Contracts For Difference (CFD) are exactly as the name implies. It is a contract between the buyer and the broker whereas the difference between the entry price and the exit price is the profit or loss. The owner of the CFD does not own the underlying asset, they simply benefit from the difference in price.

What is the Meta Trader 4?

MetaTrader 4 is a trading platform developed by MetaQuotes Software for online trading in the forex, contract for differences (CFDs) and futures markets.

MT4 provides tools and resources that allow traders to analyze price, place and manage trades, and employ automated trading techniques.

How do I download the Meta Trader 4 Platform?

To trade the T4TCapital FM accounts you will need to download our version of MT4. You may download the T4TCapital FM MT4 below.

T4TCapital FM MetaTrader 4 Download

MT4 for Windows DesktopMT4 for Android AndroidMT4 for IOS Apple

Can I download the MT4 platform on my Mac computer?

The MetaTrader 4 is a Windows program, for full user functionality a Windows computer will be more appropriate. You will only be able to download the MT4 on a Mac device if you have a program that runs windows based programs.

Can I download the MT4 platform on an iPad/iPhone?

Yes, you can simply download the MetaTrader 4 by ‘MetaQuotes’ application from the App store, or click here to download.

Can I download the MT4 platform on my Android device?

Yes, you can simply download the MetaTrader 4 by ‘MetaQuotes’ application from Google play, or click here to download.

How do I login to my account on the MT4 platform?

In order to login to your MetaTrader 4 platform, you will need your login number, password and server. These credentials are sent to your registered email address.

Once your MT4 has downloaded. In the authorization login box that appears on your screen, please enter your credentials and select the correct server from the drop-down box. You can also go to ‘File’ > ‘Login to Trade account’ and the authorization login box will also appear.

Can I login to my trading account from different devices?

In order to login to your MetaTrader 4 platform, you will need your login number, password and server. These credentials are sent to your registered email address.

Once your MT4 has downloaded. In the authorization login box that appears on your screen, please enter your credentials and select the correct server from the drop-down box. You can also go to ‘File’ > ‘Login to Trade account’ and the authorization login box will also appear.

What happens to my positions if I logout of the MT4?

Open positions will not be closed if you logout of MT4 until an existing stop loss, take profit or stop out level is reached.

Can I login to several accounts at once, or do you have a multiterminal MT4? (JO Website)

If you wish to login to multiple accounts simultaneously, you will need to download the MT4 multiterminal. Click here to download the MT4 Multiterminal.

Do you have a multiterminal MT4? (UK/EGM Website)

Unfortunately, MetaQuotes has disabled this feature from the platform, therefore we no longer offer multiterminal MT4.

How can I change the language on MT4?

To change the language of the MT4 platform, click on view from the top menu, languages, and then choose the language you want.

Which time zone is the Meta Trader 4 platform in?

During daylight savings timing, the time zone on the MT4 is GMT +3.

During winter timing, the time zone on the MT4 is GMT +2.

Our MT4 timing always coincides with the NY close.

Can I change the time zone on my MT4?

Unfortunately, the time zone on MT4 cannot be changed.

What Price is shown on the MT4 charts?

The prices shown on the charts are the BID prices only. You can monitor the ASK prices instantaneously through the chart of the market watch. However, all history prices on the charts show the BID (sell) prices only.  To know what the ASK price was at a specific previous time, you will need to consider the possible spread.

The typical spreads are stated on our website under the Products tab, however, these are an indicative and can vary especially during overnight hours and news releases.

You can add the ASK line to the chart by right clicking on main body of the chart, click on ‘Properties’ > ‘Show ASK line. The ASK line will then appear showing you the current BUY (ASK) price.

You can also see both the BID and the ASK price in the Market Watch which displays the symbols, prices and spreads depending on what you choose to add to the columns.

How do I place a trade on the MT4 platform?

The MetaTrader4 order window is used to place trades. The order window can be opened using any of the following methods:

Right-click on a currency pair in the Market Watch window and select “New Trade”; or

Right-click on an active chart and select Trade > New Order; or

Click on the “New Order” button in the toolbar, or

Press the F9 hot key on the computer keyboard.

You can also enable ‘One Click Trading’

Placing an Order

Once the Order window has been opened, traders can enter information into fields and make selections from drop-down lists to prepare the trade order.

You must specify the following:

  • Symbol from the drop-down list at the top (this will automatically be set to the symbol on the active chart). A corresponding tick chart appears in the left pane that displays current prices.
  • Volume in terms of lot size. 1.0 is equal to 1 lot, or 100,000 units. You can also select to trade in smaller volumes, such as 0.1 or 0.01.
  • Stop Loss and Take Profit set a limit that you would like your trade to be closed at.
  • Comment if desired. Traders can enter text in the Comment field that will be assigned to the order.
  • Type either Market Execution (a market order) or Pending Order (a limit order; discussed more in the Pending Orders section) where the trader can specify the desired entry price.

After these fields have been specified:

  • Click “Sell by Market” or “Buy by Market”, depending on the desired trade direction, to place the trade.
  • Click “Okay” to close the window.

Pending Orders

If a Pending Order is selected, select the type of order from the drop-down menu. Available order types include:

  • Buy Limit: buy, provided the future “ask” price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed when anticipating that the security price will increase after having fallen to a certain level.
  • Sell Limit: sell, provided the future “bid” price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall.
  • Buy Stop: buy, provided the future “ask” price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing.
  • Sell Stop: sell, provided the future “bid” price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

Then specify the price at which the order will be triggered at by entering the value next to the ‘at price’ field. To avoid manually entering the price, click on the up or down arrow next to the price field to fill in the current price, and adjust as necessary.

How can I close a trade?

In the Terminal window click on the trade tab and highlight your open position, double click on it and the new order window will appear.

Click on the yellow button below ‘Sell’ and ‘Buy’ to close out a position.

Right click on the highlighted order and select Close Order.

If one-click-trading is enabled, you can close a position in clicking on the ‘X’ on the right hand side of the order line in the Terminal window.

How can I see all the available products on my MT4?

To view all the products Equiti offers, right click in the Market Watch and select ‘Show all’. You can then scroll through the list of products to see what we offer.

Can I use Expert Advisors and Autotraders on the MT4?

Yes, you can.

How can I install an Expert Advisor (EA) on my MT4?

With regards to the installation of the Expert Advisor, please follow the steps below:

• Go to ‘File‘ and select ‘Open Data Folder’ on the MT4 Platform.

• Go to ‘MQL4’ and open folder ‘Experts’.

• Transfer the EA files into the folder and close the MT4 trading platform.

• Once you open your trading platform again, the Expert Advisor will appear on your ‘Navigator’ list on the MT4 platform.

Regarding the use of Expert Advisors or third-party indicators, please note that Equiti does not have any restrictions in place as long as they are compatible with the MT4 platform.

Can I use third party indicators and Expert Advisors?

Yes, you can.

Can I use a Virtual Private Server (VPS)?

Yes, however, you will need to get the server from a third-party VPS provider.

Can I use third party indicators and Expert Advisors?

To create a statement from the platform please follow the instructions below:

  1. Open the platform and login
  2. Select the ‘Account History’ tab in the ‘Terminal’
  3. Right click in the middle of the terminal and select custom period
  4. Select the start and finish date for the tax year you are looking at and press ‘OK’.
  5. The history from the period selected will then fill the ‘Account History’ section
  6. Right click again and select ‘Save Report’

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