Great learning, profitable trading
You need to fill in your real name and other real information to register an account. If not, you will not be allowed to deposit or withdraw. The registration process is as follows:
First: Open APP TREX trade, go to "Account, and click "Register".
Second: Fill in the "Name" and "Mobile phone" numbers, set up the "Password", and then click "Get Code" and enter the code received. Click "Confirm" to finish the registration process. You will get a real account and a demo account.
If your friend has recommended you, you can click " Friends recommend it?" and enter your friend’s phone number.
When registered successfully, there is a mini account by default. The different account types need different minimum deposit amounts to activate, and the spread is also different. Customers can upgrade their account types according to their deposited amount and traded volume.
What is the activating account?
When an account is registered but has never been deposited, it will be called an account that has not been activated. Only initial deposits that meet the conditions for different account types can activate an account. If your account has been activated, you can enjoy the new customer activity.
How to activate accounts?
When the customer registers successfully, there will be a display of an account type (usually Mini). Different account types correspond with different deposit amounts to activate. The customer needs to satisfy the minimum deposit amounts for his account type to activate the account.
Different account types correspond with different minimum deposit amounts:
|Account types||Minimum depositing amounts|
When finished with the activation process, the customer can enjoy the new customer's activity and get a $5000 bonus at most!
TREX trade platform doesn’t support registering many accounts. One mobile phone number and one ID can only register one account.
Customers can go to the login page, click "Forgot Password?" and then reset their password with their registered phone number.
Customers need to open the TREX trade APP, click "Home" or "Account", click "Login", and then login with their mobile phone number and password, or switch to login with their trading account and enter the account and password to login.
Great learning, profitable trading
It is convenient that Trax trade supports deposits with diverse and local payment systems. Click "Account"- "Deposit" to start depositing. Here are the depositing amount and depositing methods you need to choose and pay according to the prompting so that you can pay successfully. As usual, the deposition can be received in 10 minutes, but different payment systems may have different handling times. If the customer couldn’t receive more than 30 minutes, please contact customer service.
Notice for deposition：
There are different maintenance times because of depositing methods, so the available deposition methods may be different. Because there is a limit to depositing amounts each time for different deposit methods, you can contact customer service to get help if you want to deposit a large amount.
Is there any fee when deposit?
Depositing is free.
Is there any fee when withdraw?
In general, the withdrawal is free, and TREX trade charges fees for withdrawals in three cases:
1. The single withdrawal is less than $50, and TREX trade will deduct $3 from the withdrawal amount as a handling fee when remitting;
2. After the client opens an account, if the margin of the opening position is less than 60% of the deposit amount and the last deposit amount hasn't been used for trading, then 6% of the withdrawal amount will be deducted as the withdrawal fee;
3. Starting with the fourth withdrawal within 24 hours, 6% of the withdrawal amount will be deducted as the handling fee for each withdrawal.
First, login account, and then go to the “Quote”, click a symbol you want to trade like EURUSD, go into the price chart.
Second, click the “Buy” button and enter the creating new positions interface.
Third, the default trading mode is "Market", and the customer can switch "Buy" or "Sell" on the top. At the same time, the customer can choose or enter "Volume" to change the "SL/TP" (stop loss and take profit) and "Max Deviation". After all the settings are made, the customer can click "Buy" or "Sell" on the lower right corner to create a new position.
Set up pending orders:
On the new order creation interface, the default trading mode is "Market". Click "Orders" to switch to a pending order. Here, the customer can set up "Limit order" or "Stop order" and set up the pending price, trading lots, SL/TP, and validity time. Click "Buy" or "Sell" on the lower right corner to submit the pending order. The pending orders will be executed when the market price is the same as the pending order price.
The customer can modify or cancel orders for those who haven’t executed them on the order interface.
For those positions that have been open, setup on the positions interface: click on "SL/TP", slide to change the range until expected loss and profit, and click the "SL/TP" button to submit.
For new orders:
Set up stop profit and stop loss directly on the new order page. You can set the stop profit and stop loss according to the price or the points. You can adjust the amount by pulling the slider.
For pending orders:
Click "Modify Order" to modify the SL and TP. After that, click the button below to submit.
In the login state, click [Trade] and select "Positions" to check all positions in the current account. The user can close or setup "SL/TP" (stop loss and take profit) for the positions.
Positions: Positions refers to the ratio of the investor's actual investment and available investment funds.
Open positions: In contract trading, whether it is buying or selling, any new position is called opening a position.
Close positions: Closing a position, refers to the behavior that trader settle the trading position, and the method of settlement is to reverse the hedging of the position.
Positions opened: A trader holds a position after opening, this is called a position opened, also called an open contract.
Locked position: Locked position, also known as lock against or lock orders, generally refers to the investor open a new position with the same symbol, same trading volume but opposite trading way with the position opened, it usual happen when inventor find the market trend is on the contrary, so that no matter how the price move will not increase or decrease profit and loss of the positions.
Liquidation: The liquidation has two meanings:
1. When the investor's equity divided by the margin used is lower than the platform's requirement, and the investor fails to deposit in time, then the company will have to close out the positions.
2. It refers to the stop-loss measures taken by investors to prevent excessive losses when the market shows a trend contrary to their own position opened.
Bullish: Investors believe that market prices will rise.
Bearish: Investors believe that market prices will fall.
BUY: Buy means open a new position that predicting price will rise, and expected can close position (Sell) at a higher price to get profit.
SELL: Sell means open a new position that predicting price will fall, and expected close position (Buy) at a lower price to get profit.
Swap will be charged when your position passes through the settlement time. If the position is closed before the settlement time, no swap will be charged. For different symbols, the swap is different. Some symbols will pay swap, and some symbols will receive swap.
The swap of each symbol can be checked in the “Contract Spec” of the symbols:
Click into the charts, click the “ Contract Spec” on the upper right corner so that you can see the swap.
Leverage is the main feature of CFD trading and a powerful tool available to traders.
You can use make profit from small price changes range by leverage, "pry" your investment to gain greater profit, or let your funds play a greater role on leverage trading. Here are guidelines on how to make the most of leverage, including how leverage works, when to use it, and how to control risk.
Calculation of leverage: Leverage = Contract value / Margin
Leverage of EURUSD = 1 lot contract value / 1 lot margin required = 100000 EUR / 200 USD.
If the exchange rate of the EURUSD is: 1.14083, 100000 EUR = 114083 USD. Then the leverage = 114083/200 USD≈570.
Leverage of XAUUSD = 1 Lot contract value / 1 Lot margin = 1 XAUUSD / 500 USD 1 XAUUSD = 100 x1508.45 USD
Then the leverage of XAUUSD = 150845 / 500≈300
Margin trading means that when trading Forex contracts, there is no need to trade with full funds, but only a certain percentage of the total funds is required as proof of positions. Initial margin: Also called margin for opening positions, it is the margin in the popular sense. The minimum margin per lot for trading on the TREX trade platform is 200 USD, that means, customers can trading with 2 USD ( 0.01 lot).
Stop out margin:
Stop out margin refers to the margin level that needs to be maintained during normal trading time. If the funds are lower than this level, it will be forced to close the position. Generally speaking, the TREX trade platform's Stop out margin level is 20%.
Holiday stop out margin:
Holiday stop out margin refers to the margin level that needs to be maintained when customers hold positions over the holidays (weekends). If it is below this level, the positions will be forced to close by system. The TREX trade platform’s weekend stop out margin is 200%. If you need to hold the positions on the weekend, please ensure sufficient margin in your account.
Because there are multiple symbols for trading on the TREX trade platform, the margin and stop out level of each symbol maybe slightly different. You can check the “Contract Spec” in the upper right corner of the symbol's chart interface after logined to the real account.
Lot is the basic contract unit of foreign exchange transactions, 1 lot of foreign exchange represents 100,000 base currencies, but not 100,000 USD. If your base currency is USD, then 1 lot represents 100,000 USD, if your base currency is EUR, then 1 lot represents 100,000 EUR. If there is 1 lot of EURUSD, then the contract value is 100,000 EUR. As for the margin required to trade 1 lot in foreign exchange transactions, it varies according to the size of the leverage and the platform that trader have chosen.
Spread is the difference between the buying price and selling price of a currency pair. It also the difference between the price of a trader buying currency from a broker (bid) and the price of a broker selling currency to a trader (ask).
The spread is equivalent to the cost in the transaction. The smaller the spread, the smaller the cost for investors. When trading, the size of the spread has a greater impact to the profit and loss for short-term investors, but has little impact on medium- and long-term investors.
CFD ( Contract for Difference), which is a relatively new financial derivative, investors buy and sell at the price of a certain commodity, but does not involve the transaction of the commodity entity.
CFD commodities can theoretically be all things with floating prices, including such as stocks, futures, foreign exchange, metals, indexes, etc.
CFDs are in the form of margin and leverage.
CFD trading characteristics
(1) CFDs trading with margin that can reduce the investment threshold for investors.
(2) Two-way trading, both buying and selling can be profitable.
(3) Low transaction costs.
(4) Huge transaction volume.
(5) OTC trading mode.
(6) T + 0 trading, positions can be closed at the same day.
Symbols for trading on TREX trade platform
The trading symbols provided by the TREX trade platform mainly include foreign exchange, commodities (precious metals, agricultural products, and oil), and indexes. In the future, there will be more symbols to add according to customers’ needs.
A market order is an order to buy or sell at the current bid or ask price.
Limit / Stop order transaction
Pending order transaction means that after the customers specifies the transaction symbols, trading amount and trading target price, once the market price reaches the price specified, the system will be executed automatically. Pending orders are divided into the four types as following:
Buy stop: Pending orders to buy with higher price than the current price.
Buy limit: Pending orders to sell orders with lower price than the current price.
Sell stop: Pending orders to buy with lower price than the current price.
Sell limit: Pending orders to sell orders with higher price than the current price.
In the investment, setting reasonable take profit and stop loss prices and leaving the market timely can effectively control returns and risks.
Take profit price: When the position profit of the investment reaches the settings, the system will automatically close the position. The significance of take-profit is to quite while you are ahead, not to expected take the most profit.
Stop loss price: Stop loss is a kind of protection mechanism. When the loss of the investment reaches the settings, the system automatically executes the instruction and closes the position in time to avoid the larger loss.