FXTM’s FAQs – Page 14 – Hercules.Finance

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What's the difference between “Long” and ”Short” positions on Forex MT4/MT5 platforms?

Long simply means buying positions, and short means the otherwise. So if you buy EURUSD, then you have a long position of EURUSD. If you sell EURUSD, then you have a short position of EURUSD. Forex expression “Long” and “Short” T...

FXTM

How does Forex (Foreign Exchange) market work? Why market price changes constantly?

Forex(or Foreign Exchange) is an “Inter-Bank market” that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. We didn’t have the exchange market for currencies before then, and no computers were ca...

FXTM

What's the "Margin Call" and "Stop Out" % on FXTM MT4/MT5 platforms?

On FXTM’s trading platform, Margin Call occurs at 80% of margin level and Stop Out occurs at 50% of margin level in your trading account. These settings are the same for all account types of FXTM. Please note that you will not rece...

FXTM

What's the minimum trading size(order volume) on MT4/MT5 (MetaTrader) trading platforms?

With FXTM, you can trade from 0.01 lot, which is 1,000 units(or dollars). 1,000 units is the minimum tradable volume and you cannot trade lower volume than that. 1 unit equals to 1 dollar or 100 JPY. So 1,000 units equal to 1,000 d...

FXTM

What is "Margin" and how to calculate it on MT4/MT5 trading platforms?

“Margin” is simply an amount of money which is required for having positions opened. “Free Margin” means a free amount of money which can be used for opening additional positions. Margin is not a commission you need pay, but it is ...

FXTM

How to generate an account statement of MT4/MT5 account?

You can generate an account statement in EXCEL or HTML from your MT4 trading platform. To do that, please login to your MT4 account and right click on “Account History" Section of Terminal, then select "Save as Report" or "Save as Det...

FXTM

How to run multiple MT4/MT5 platforms on PC/Mobile at the same time?

You can certainly run several MetaTrader4 in one device at the same time, by downloading MT4 in different names. In case of a mobile phone, you need to install MT4 applications provided by several different brokers, then run them all on...

FXTM

How to reset and update MT4/MT5 Price Chart Data?

If you wish to update your MT4’s chart data, please follow the below instruction. First you need to open your MetaTradr4 trading platform and login to your trading account. Then, go to “Tools” and select “History Center” as below. ...

FXTM

How to add Custom Indicator/Expert Advisers (EAs) to MT4/MT5 platforms?

We, Hercules Finance or FXTM do not provide Custom Indicators or Expert Advisers for MetaTrader4/5 though, you are free to find your own on the web. FXTM does not have no restrictions on its trading platform, and you are allowed to us...

FXTM

How to change MT4/MT5 time zone to my country's time?

Unfortunately, you cannot change the GMT offset on MT4 from GMT+2, and GMT+3 in summer time. Unlike some other trading platforms, MT4's time setting is fixed and it is the same for all online Forex brokers which are using the trading ...