This is an appropriate account for those investors, who only begin their work on the financial markets. Minimal deposit for this account is 1000 USD. Investors, who do not have practical trading experience, may improve their skills with minimal risks. Despite security and not big investment amount, Classic Account offers the same services and analysis instruments, which are available for other accounts.
You may work with Forex, gold and silver on this account type.
The account «Classic» is designed in order to prepare beginners to work in the market with bigger amounts and usually is used as an intermediate link between the tutorial account to the account «Standard». With this account type you may work with the most popular currency pairs with fixed spreads and high leverage.
*Due to high volatility of the market, starting from the 15th of January, 2015, during important politic and economic news releases spreads on the accounts «Classic» for some currency pairs may be increased.
**An hour before market closing margin call/stop out may be increased up to 200%. Please, be careful with the positions, which you are going to leave on weekends.
***As MT server not always counts gaps levels correctly when activating stop and stop loss orders during strong market movements (for example, during important politic and economic news releases), trading on news is not available.
The orders, which were not supposed to get into the price gap under the conditions described, do not fall under this restriction.
****At 23:00 trading stops for 1 minute on the MT4 server for the accounts «Standard», «Classic» and «VIP».