Certainly, FIBO Markets holds authorization and operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (license number 118/10). Additionally, the company is a proud member of the Investor Compensation Fund. Under its license, the company is granted the authority to offer services related to the management of investment portfolios, including asset management.
The minimum deposit amount for opening a trading account with FIBO Markets is 100 EUR for MT4 NDD No Commission account and 300 USD for MT4 NDD account. However, it's important to note that having a larger trading capital provides more flexibility and risk management capabilities.
In order to withdraw all funds from the MetaTrader 4 platform, it's necessary to close any previously open positions. Once this is done, all the funds will be accessible in your trading account. Navigate to the "Withdraw funds" section within the Client Area and proceed by following the provided instructions.
The email sent to the address you provided during registration contains all the essential information for accessing MetaTrader 4.
Logging in to the MetaTrader 4 (MT4) trading platform involves a few steps:
1. Download and Install MT4:
If you haven't installed MT4 on your computer, you'll need to download it from your broker's website. Most brokers provide a link to download the platform.
2. Open MT4:
After the installation is complete, open the MT4 trading platform.
3. Choose a Server:
When you open MT4, you'll be prompted to choose a server. This is where your broker comes into play. Select the server provided by your broker. This information is usually provided to you when you create an account with the broker.
4. Login Credentials:
Once you've selected the server, a login window will appear. You need to enter your login credentials:
Login/Account Number: This is the account number provided by your broker.
Password: Enter the password associated with your trading account.
Server: It's typically pre-filled based on your earlier selection.
5. Save Password (Optional):
You may have the option to save your password. If this is your personal computer and you're not sharing it with others, you might choose to save your password for convenience. However, it's generally not recommended on shared computers for security reasons.
6. Login:
After entering your login credentials, click the "Login" button.
7. Accessing Your Account:
Once you've successfully logged in, you should have access to your trading account. You'll see your account balance, equity, and other relevant information.
Always ensure that you are using the correct login credentials and that you are connecting to the right server. If you encounter any issues, contact customer support for assistance.
To calculate the cost of a pip, you can use the Point Value Calculation section.
Using the Pips Calculator is straightforward. Simply choose from the drop-down list:
Then, specify the trading volume (in lots) and the number of points. The calculator will provide you with the value of one pip in your selected currency.
Log in to the Client Area and click on the Live accounts in Menu. In the opened window, press the Open Account button, and in the appearing window, choose values for the Account type, Currency, and Leverage fields.
Creating a trading robot, also known as an Expert Advisor (EA), in MetaTrader 4 involves programming using the MQL4 language. Here's a guide to creating a basic EA:
Steps to Create a Simple EA in MT4:
Please note that this is a basic example, and creating a robust trading strategy requires thorough testing, optimization, and consideration of risk management principles. It's also essential to have a good understanding of both trading and MQL4 programming. If you're not familiar with programming, you may want to seek assistance from a professional programmer or use existing EAs. Additionally, always test new EAs on a demo account before using them in a live trading environment.
FIBO Markets offers the MetaTrader 4 platform for FOREX trading, a widely favored choice among thousands of traders globally. Renowned for its comprehensive set of trading tools, MetaTrader 4 provides a diverse array of instruments and indicators for effective technical analysis. The platform encompasses features such as news feeds, real-time quotes, and interactive charts. With MetaTrader 4, users can efficiently manage multiple windows, incorporating personalized indicators and studies. The platform accommodates various chart types, including lines, Japanese candles, and bars, offering traders versatility in their analytical approach.
To calculate profit or loss from trading, subtract the total cost of acquiring an asset (including fees) from the final selling price. If the result is positive, it's a profit; if negative, it's a loss. The formula is (Sell Price - Buy Price) - Transaction Costs. For example, if you buy a stock for $1,000, sell it for $1,200, and incur $20 in fees, your profit is ($1,200 - $1,000) - $20 = $180. Conversely, if the selling price was $800, your loss would be ($800 - $1,000) - $20 = -$220. Understanding these calculations is crucial for effective risk management in trading.
Pending orders in trading are instructions to buy or sell an asset once it reaches a predefined price. Common types include:
Please note that our services are provided only to the residents of the following counties (in alphabetical order): Austria, Bulgaria, British Virgin Islands, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Kazakhstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Oman, People's Republic of China, Poland, Portugal, Romania, Russia, Slovakia,Slovenia, Spain, Sweden, Ukraine, United Arab Emirates.
Please feel free to contact out Support in order to get further assistance.