Forex

NORVIK BANKA offers margin trading services. One of options is using Norvik Trade system.

General terms for Margin Trading

  • Minimum margin deposit equals to 1 000 USD
  • Minimum amount of transaction equals 100 000 USD or equivalent
  • Minimum collateral is 1.0%
  • Competitive spreads
  • Placement of all standard market orders (Stop, Limit, GTC, OCO, If Done etc.)
  • Margin Call level from 50% *
  • Stop Out starting from 30% (forced closing of position at insufficiency of deposit) *
  • Orders are watched 24 hours a day; it is only possible to change or withdraw the order during the Bank´s working hours
  • Working hours: from 8 a.m. to 11 p.m. on workdays
  • Open position rollovers by swap at the current bank interest rates
  • Deals and orders by phone, transactions via NORVIK Trade system
  • No additional fees applied

Margin Call – the state of an account when equity (current balance including open positions) is reduced to 50% of the necessary margin for open positions. A margin call is a notice from the dealer that you need to increase the funds in your trading account, because in the event of further adverse market movements a Stop Out may occur.

Stop Out – the state of an account when equity (current balance including open positions) is equal or less than 20% of the margin occupied by open positions, the dealer has the right to close one or all open positions at his discretion to meet margin requirements.

How to start