Trading conditions

This page sets out the trading conditions of Poly Rion ("Poly Rion", "we", "us"): account types, leverage, margin, spreads, commission, contract specifications, execution and funding. It forms part of our Client Agreement and applies together with our Risk Disclosure.

The figures in the tables are loaded from our trading system and show the conditions in force now. Conditions can change with market circumstances; we publish changes here and in the trading platform, and the conditions that apply to a trade are those in force when it is executed.

Every account type uses the same platforms, instruments and client protection, and can be opened as a free demo account. A live account requires approved identity verification and at least the minimum deposit of its type.

Minimum volume is 0.01 lot on every account type. Base currency: USD.

You choose the leverage of a trading account when you open it, from 1:50, 1:100, 1:200, 1:300, 1:400, 1:500, 1:1,000, 1:2,000, 1:3,000.

Each market also has a maximum leverage. A position always uses the lower of your account leverage and the maximum for its market, so a 1:1000 account trades shares at the market limit, not at 1:1000.

We may lower leverage for new positions at any time, for example before important news, weekends and holidays, or in volatile markets. Lower leverage means more margin is needed for the same position.

The margin required to open a position is: volume (lots) × contract size × price ÷ leverage, converted to your account currency. For example, 1 lot of EURUSD (100,000 euros) at 1.1000 with 1:500 leverage needs 220 USD of margin.

Your margin level is your equity divided by your used margin, shown as a percentage in the trading platform. Equity is your balance plus or minus the floating profit and loss of your open positions.

If your margin level falls to the stop-out level of 50%, the trading server starts closing your positions automatically, beginning with the position with the largest loss, until the margin level is above the stop-out level again. Positions are closed at the next available market price, which can be worse than the stop-out level in a fast market.

Our spreads are floating: they follow the market spread of each instrument, plus the markup of your account type shown in the account table (one pip is ten points — for example 0.0001 on EURUSD and 0.01 on USDJPY). Accounts without a markup trade at the raw market spread and pay commission instead.

Spreads usually widen when liquidity is low — at the daily rollover, around market open and close, during holidays and around important news — and you can see the current spread of every instrument in the trading platform.

Commission is charged in USD per lot traded, once when a position is opened (it covers opening and closing), at the rate of your account type shown in the account table. Partial lots are charged pro rata.

Positions held overnight are currently not charged or credited swap (rollover interest). If we introduce swaps for any instrument, we will publish the rates in the trading platform and give notice before they apply.

The table shows every instrument you can trade, with its contract size per 1.00 lot, the volume you can trade in one order and the maximum leverage. Prices are quoted to the number of digits shown; one point is the smallest price change.

Forex

Metals

Indices

Energies

Soft commodities

Shares

ETFs

Cryptocurrencies

• Market orders are executed at the current price (the ask for buys, the bid for sells) without re-quotes; in a fast market the fill price may differ from the price on screen.
• Pending orders: Buy Limit and Sell Limit (at a better price than the market) and Buy Stop and Sell Stop (at a worse price than the market). A pending order becomes a market position when the price reaches it.
• Stop Loss and Take Profit can be attached to positions and pending orders and changed or removed at any time while the market is open. They are executed at the first available price once reached.
• Long positions are opened at the ask and closed at the bid; short positions are opened at the bid and closed at the ask.
• Hedging is allowed: you can hold buy and sell positions in the same instrument at the same time.

Each instrument trades while its underlying market is open: forex, metals and energies around the clock from Monday to Friday, indices, shares and ETFs during the sessions of their exchanges, and cryptocurrencies seven days a week. The platform shows when a market is closed; orders cannot be opened, changed or closed and pending orders are not triggered while it is closed. Trading hours may be shortened on public holidays.

• Deposits and withdrawals go through your wallet in the client portal; you move funds between the wallet and your trading accounts with internal transfers.
• Deposits from $10 up to $100,000 per transaction, and withdrawals from $10 up to $50,000 per transaction. Each payment method can have its own lower limits, shown in the client portal.
• We do not charge fees on deposits or withdrawals; your bank or payment provider may charge its own fees.
• Withdrawals require approved identity verification and are paid to a payment method in your own name, as described in our AML & KYC Policy.

We may change these conditions, for example the account types, leverage, spreads, commission, instruments or trading hours. Changes are published on this page and in the trading platform; where a change affects you materially we give notice in advance unless market conditions or the law require an immediate change.