At iFOREX we understand how difficult it can be to enter a new market, particularly one as volatile as the foreign exchange. In order to ease the transition, we have developed a low-risk introductory Protected Account (PA), designed to introduce potential traders to the lucrative world of currency trading.
These are the terms and conditions of the PTA account:
1. The amount in your account is a fee that you pay to use the protected account – It is not refundable!
2. The protective account is time limited meaning that after 14 days the account will be closed automatically.
3. The protective account allows you trade on a maximum exposure of x100 your deposit (Fee).
4. At the end of the two weeks, your account is closed. Profits that have been made are yours to continue trading on, or to withdraw, losses are covered by Iforex.
5. Once you have requested the protective account your equity will become zero and $5000 will appear in your securities. This means that the system acknowledges that you are trading on this unique account.
6. If you wish withdraw profits at the end of the two weeks, profits up to the amount that you deposited are sent as a refund back to your credit card. The rest of the money is wired at your request to any bank that you choose.
We at iFOREX believe that a regular demo account, though a very useful tool, does not simulate the feeling of trading real money on the Foreign Exchange. The Protected Account acts as a bridge between a demo account and a real one, providing an authentic trading experience, with managed risk.
PA Premium Examples (All numbers are in USD):
| Paid Premium [Initial Deposit] |
Maximum open positions |
Number of trades |
Profit during the period |
Account balance |
| $100 |
$10,000 |
Unlimited |
$800 |
$800 |
| $100 |
$10,000 |
Unlimited |
$-800 |
$0 |
You may pay a premium of 100 USD and trade up to 100 times of it in open positions at any given time.
Larger premium are available on request.
FIH Administration Center
Nikis 15 Syntagma Square,
Athens, Greece
Customer Support: +30-210-374-2599 Fax: +30-210-374-2598
Dealing Support: +30-210-374-2555 Fax: +30-210-374-2556
Technical Support: +30-210-374-2575 Fax: +30-210-374-2576
Compilation and Documentation: Fax: +30-210-374-2536
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