AuraFB offers various account types such as PRO, Cent, VIP, Demo, Classic account so that you can trade at an ease as per your trading needs and style. All account types offered have different specifications and features. Trade with AuraFB and get the most suitable trading conditions. Cent account is best suited for the novice traders who would like to explore their trading skills investing just a cent. With a very competitive commission pay, the PRO trading account offers tight-spread trading. Classic Trading offers in-depth access to the global online market through commission-free trading. The VIP Account provides an ultra-low fee with excellent execution pace for trading.
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Well explained Leverage and Margin at AuraFB!
With margin, leverage tends to be associated. You need to have an initial margin in your trading account to trade with leverage. Then, leverage helps you to trade wider positions than your initial margin amount. The AuraFB leverage varies from a 1:1 to 30:1 scale. If you have $1,000 in your trading account , for example, and you want to use $500 of it to open a EUR / USD currency pair spot, your leverage ratio would be 30:1. This means you can maintain a position worth $15,000.
The margin is expressed as a percentage of the position's highest limit. For instance, if the requirement for the margin is 10% (which is 1:10 leverage) and you open a $10,000 position, the sum you would need to deposit is $1000. The free margin is the amount of money available in your account from which to open new positions. For instance, if your equity (total sum of money in your trading account, including gains and losses) is $11,000, and $1,000 (called used margin) is needed for your open positions, you would have $10,000 at your hands to open new positions.