Trading involves substantial risk and may result in the loss of your invested/greater that your invested capital, respectively.
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Trading involves substantial risk and may result in the loss of your invested/greater that your invested capital, respectively.
We offer 2 account types: Standard and ECN.
For more info, you can check at the Account Type page under Trading on our official website.
We offer floating spreads for all account types:-
The Standard account offers spreads, starting from 1.5 pips with no commissions.
ECN accounts offer spreads, starting from 0.1 pips with low commissions.
At market opening and closing times and prior to announcements, the market spreads may widen substantially. Consequently, you must ensure that you have sufficient funds on your account to cover this eventuality.
The minimum leverage is 1:1. The maximum leverage is 1:500.
Commodities: The standard leverage for gold/silver is 1:100.
Indices: The leverage for Index products is 1:100.
Cryptos & Stocks: The leverage for Crypto & Stock products is 1:50.
The minimum trade size for pairs and metals is 0.01 lots and the maximum trade size is 50 lots.
The min. trade size for Energy is 0.01 and the maximum trade size is 30 lots.
The min. trade size for Energy is 0.01 and the maximum trade size is 30 lots.
You can always check the current max./min. trade size from MT4 product specifications. However, how much it can fill will depend on the market liquidity.
Long Asia is a NDD broker, which means that we just clear our clients’ trades and retranslate quotes we get from our liquidity providers. Orders in the real market are always executed at current market prices, which is why a slippage may occur in the case of a sharp movement.
Please note that during market-moving news, market close & open or high volatility, the risk of slippage is higher than during normal conditions. With us, you will get both positive and negative slippages.
Triple swap charges apply for positions on FX pairs, Silver and Gold that are held overnight on Wednesday. For the rest of the instruments, triple swap charges apply for positions that are held overnight on Friday. This is a standard practice in the forex industry.
These swaps cover the interest for Saturday and Sunday when the markets are closed. All swaps are calculated based on the quoted currency.
Example:
If you open a long position of 1 lot on EURAUD, the overnight swap charge would be -14.11 Australian Dollars. If you had opened the same position on a Wednesday and roll over the position to the next day, the swap would be -14.11 * 3.
If the account currency is in USD, then we have to convert the amount above to USD by using AUDUSD spot rate.
22:00 GMT+0 is the Forex daily close & re-open time. Please take note, this is the time which the market will become volatile. Spreads will enlarge and the liquidity is thinner than usual and this may lead to larger slippage, partial fill or even reject.
The same situation applies to Friday market close and on Sunday market open or when big news is released. Forex/CFDs are high leveraged trading products, we would highly recommend you to pay more attention to your account positions and make sure you have sufficient funds in your account.
You can download historical data from the MT4 trading platform, by clicking on:
Tools > History Centre – then choose a trading instrument and press the ‘Download’ button. History will then be available on your trading platform, so you can click on: File > Open offline > Open Offline Chart.
Please note that the longer the time frame, the longer the available history will be. For example, M5 history is available for 1.5 weeks, M15 history for 1 month, etc.
We update the swaps based on the rates given to us by our counterparties and we recommend checking the swap rates on a regular basis within the MT4 platform.
You can check the swap rates by logging into the MT4 trading platform and right-click the Symbol you want to check > Select Properties.
There are two types of positions: buy and sell. You must look at the Financing long for swaps for buy positions and at the Financing short for swaps for sell positions. Swaps are charged at the end of day time (22:00 GMT for winter time and 21:00 GMT for summer time).
You can make a deposit via Long Asia Client Portal using an payment method that suits you best. There are no fees on deposits, except TT or Credit Card.
For more info, you can check at the Payment Methods page under Trading on our official website.
The minimum deposit for Standard account types is $ 50, and ECN account type is $ 20,000.
Login in to your Long Asia Client Portal and submit withdrawal request at Funding Section according to the respective withdrawal process.
For more info, you can check at the Payment Methods page under Trading on our official website.
The withdrawal request submitted before 15:00 GMT+8 will be processed within a day if there is no issue with the request. Withdrawal requests submitted after 15:00 GMT+8 will be processed in the next working day.
However, it may take longer up to 3 working days if required for further verification.
Yes, you can. However, at the moment of withdrawal processing, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges.
Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position). However, you must ensure the withdrawal won’t lead to account Stop Out. It’s your responsibility to keep sufficient funds in your account.
If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Disclaimer: The information presented on this website is intended to provide general knowledge and should not be construed as personalized financial advice. Prior to making any decisions based on the information provided on this website, it is essential to carefully assess its suitability in light of your specific objectives, financial circumstances, and individual needs. Investing in CFDs and Margin FX Contracts entails significant risks and may not be suitable for all investors. There exists a possibility of incurring losses exceeding your initial deposit, and you do not hold any ownership or stake in the underlying assets. We strongly advise seeking independent guidance and ensuring a comprehensive understanding of the risks involved in trading before engaging in such activities. It is imperative to thoroughly read and consider the disclosure documents prior to acquiring any product listed on this website. The information and advertisements featured on this website are not intended for use by individuals residing in jurisdictions where such use contravenes local laws and regulations. The products and services offered on this website are not intended for residents of the United States.
Long Asia Group NZ is registered and authorized by the FinTrac Canada MSB (Money Services Business) with registration number M21245696.
Long Asia Group value your privacy and are committed to protecting your personal information. As part of our commitment, we have developed a comprehensive Privacy Policy that explains how we collect, use, and disclose your personal information.
LONG ASIA GROUP NZ LIMITED, Registration number: 3753043, NZBN: 9429030748231
Registered Address: 70 Prospect Terrace, Mount Eden, Auckland, 1024, NZ
Physical Address: 3 Storey Shophouses on L19545, Level 2, SL 11 Jln Stutong, 93350, Kuching, Sarawak, Malaysia
Email: support@longasiagroups.com
Telephone Number: +6082-687 445
Working Hours: NZST 10.00 – 17.00
