Frequently asked questions
How do I open an TOTAfx account?
You can open an TOTAfx Demo account by registering for an account.
Once you complete the registration you will have the option to open a demo account.
Leverage is borrowing money to supplement existing funds in such a way that the potential profit or loss is magnified. Leverage is vitally important to your trading activities. Choosing the wrong leverage could result in large losses and damage potential profits.
The leverage on your account plays a significant part in determining the amount of funds you need to put up for a trade.
TOTAFX Capital we allow you to trade with a leverage of maximum 1:400 on your initial margin deposit. This means for example that with 1:400 for a margin deposit of $1,000, you can control $400,000 worth of currency.
Due to security and constant system updates, the demo accounts on MT4 will expire after 30 days of the creation date. Nevertheless, a new demo account can be opened directly through your TOTAfx Access then add a new demo account.
Alternatively, a new demo account can be opened directly of the trading platform by following the below steps:
Open MT4 Platform
Select File - Open MT4 Account
Select server as ICMCapitalUK -Demo → New demo account
Enter all details and Accept to subscribe to newsletters.
Be aware that if the personal information you provide is inaccurate or incomplete, your demo account may be deleted.
Can I delete trades from my Demo account history?
No, you’re not able to delete any past trading activity from your demo accounts.
Is trading different on demo and live accounts?
Our MT4 Demo accounts reflect the same environment as their respective live counter parts in terms of price feed, functionality and features.
However be aware that all of our demo account servers may show differences from the live environment from time to time.
Why is the spread sometimes much higher than the typical spread you advertise?
We offer you flexible spreads on all accounts.
Widening spreads reflect market conditions such as increased volatility or a lack of liquidity in the instrument. A change in spreads reflects a change in market conditions
Can I trade gold or silver on my TOTAfx account?
Yes. Both spot gold and silver are available for trading on TOTAfx accounts
What’s the minimum order size for TOTAfx accounts?
The minimum order size for TOTAfx accounts is 0.01 lot, or 1,000 units of the base currency.
Do you allow scalping on MT4?
Yes. You’re allowed to scalp on all instruments. We don’t restrict any trading strategies.
Do you offer swap-free accounts?
Yes, we do. Capital offer Swap Free/ Islamic Accounts to client following the Muslim faith. Please contact our client services team.
No, we do not, but we will always give you the best possible price considering market conditions at the time
Daily Market Rollover time is around 22:00:00, server time (UK time)
In event the open position was kept open after midnight of Wednesday, 3 days of swap will be calculated.