How Leverage Works
By trading with leverage, you don’t have to deposit the full amount. You can trade the financial instrument by only depositing a certain amount of money as margin based on the specific leverage ratio.How to Trade
Leveraged contract provides the opportunity to profit by going long or short.Potential Profit* by Going Long or Short
*Leverage may also lead to additional losses whether you are going long or short.
You think gold price may rise, so you buy gold leveraged contract. If the market price meets your expectation, you may profit from the price rising. This process is called "going long".
On the contrary, you think gold price may fall, so you sell gold leveraged contract. If the market price meets your expectation, you may profit from the price falling. This process is called "going short".
Trading Cost
Spread
0 Commission
Tight Spreads
Tight Spreads
Mitrade
0
Commission
Mitrade
Overnight Funding
Risk Warning
Market Risk
When the market trend is going on a different direction than your trading position, you may face the risk of losses.
Margin Call
When your account balance is lower than the maintenance margin level, part of or all your positions may be forced to close. To prevent this from happening, please monitor your account balance regularly.
Gaps
Gaps in market prices happen when unexpected news or events occur, which cause orders with Take Profit/Stop Loss settings to not execute at set prices.
Leverage Risk
Risk Warning: leveraged contracts are a high leveraged product and may not be suitable for everyone. Leveraged provides magnify gains but also magnify losses. Therefore it may not be suitable for everyone.
Risk Management
You can effectively lock in profit and manage risks with the following services provided by Mitrade:Take Profit/Stop Loss
After setting Take Profit/ Stop Loss, your positions will be closed according to your target price in normal circumstances, so as to lock in profit and limit losses. (Except situations where gaps occur, then position will be closed at the next favourable price level) .
Trailing Stop Loss
After setting the number of points using "Trailing Stop Loss", the platform will automatically adjust the stop-loss price if the market price moves in your favour. This allows you to maximise locked-in profit and minimise losses. (Except situations where gaps occur, then position will be closed at the next favourable price level).
Negative Balance Protection
Mitrade ensures that your loss will not be greater than your initial deposit, so you can trade with confidence.
Please visit ourrisk management pageif you wish to find out more about managing risks effectively.