OPEN DEMO ACCOUNT

In order to open a demo account with Pro Finance Group Inc. you should:


30 days* demo version (3.3 Mb Windows 98, XP, 2000, 2003, ME)

• Download and launch PFG FX Trader.
• As soon as the program is installed, you will be offered to open an account during the first launch.
• For further registration, please complete the form and select forex in the account type field if you wish to operate in a standard FOREX or forex-mini, to operate in a mini FOREX.
• Select the deposit amount.
• Click the "Next" button twice.
• Then you will receive your account number (Login) and a password.

* The account will be deleted only if won't be used for 30 days, otherwise it is unlimited.



If you have already installed PFG FX Trader program please perform the following actions:

• Enter the Tools menu Select Options Click on Open an Account
• Fill in the registration field and select forex in the account type field if you wish to operate in a standard FOREX or forex-mini, to operate in a mini FOREX.
• Press the Next button twice.
• Then you will receive your account number (Login) and a password.

After all of these simple actions, your demo account with Pro Finance Group Inc. will be open. By pressing the right mouse button in the area of the window «Market Watch» the context menu appears. The command «Show All» shows the list of all available tools.

Should you have any difficulties please write to our e-mail address: support@pfgfx.net

Attention: the account will be deleted automatically only if won't be used for 30 days. To open a new demo account you should start the registration procedure all over again.

Demo account

• Trading in a demo account is fully equivalent to that in a real account:
• Difference of demo accounts from trading ones:
• Auto quotation
• Automatic order fulfillment
• No full-text news (headings only)
• Free training trading on the demo account
• A demo accounts with any deposit amount may be opened
• Unlimited number of demo accounts
• Access to the account through the company’s website
• NO RFQ (Request For Quote), even in fast markets
• Instantaneous execution, no confirmation delays.
• Leverage from 1:1 to 200:1
• Minimum margin is 0.5% of the contractual value
• GUARANTEED FILLS on stop-loss, take profit, limit and market orders in all market conditions
• No service charge
• Daily mailing of statements by e-mail

Rollovers

In the spot Forex market, trades must be settled in two business days. It means that counter transactions encompassing the same currency pair, for the same amounts, settled on a spot basis, are needed where one transaction closes the position for the "old" value date, and simultaneously opens the position for the new value date. In this case the dealer may charge or pay interest to the client for these position rollovers. As a result funds are subtracted or added to the client's account with open positions. Whether a fee will be charged or a payment made depends upon the short-term interest rates in the countries of the currencies in the pair.

For example, you sold 100,000 EUR/USD. It means that you effectively borrowed 100,000 Euro from the dealer against the current interest rate on Euro. You sold Euros and earned a corresponding amount in US dollars, which the dealer is now "holding" for you. The dealer pays you for the US dollars you placed with him at the current interest rate on US dollars. You pay the interest rate that currently can be earned on EUR investments. The difference between these payments is recorded in points on your account. A model schedule can be represented as follows:

	LONG	SHORT
EUR/USD	-1.0005	0.1429
GBP/USD	-0.5258	0.2532
USD/JPY	0.3029	-2.1204
USD/CHF	0.2764	-1.9351
AUD/USD	0.0880	-0.6162
USD/CAD	0.0645	-0.4513
EUR/GBP	-0.6373	0.3068
EUR/CHF	0.1491	-1.0440
EUR/JPY	0.1989	-1.3923
GBP/JPY	0.6732	-2.0345
GBP/CHF	0.6184	-1.9376
USD/SEK	1.2667	-8.8669
EUR/AUD	-1.0500	0.5500
NZD/USD	0.1557	-1.0902
EUR/CAD	0.0903	-0.6324
USD/DKK	0.3800	-1.8200
HKD/USD	0.1200	-0.5500
USD/ZAR	-10.4153	1.4879
USD/SGD	0.2340	-1.6379
USD/NOK	0.8106	-5.6740
CHF/JPY	0.0414	-0.2901

The figures indicated in the table stand for the difference between the short-term interest rates of the countries of the two currencies. The amount of the difference varies greatly based on the currency pair and the interest rate differential between the two countries.

The value date of transactions entered into on Wednesday will be the next Friday; therefore rollover pips will be multiplied by 3, as the weekend will be considered in the computation. That means that funds will be added to or deducted from the client's account in a lump sum on Thursday.

To OPEN A REAL FOREX ACCOUNT CLICK HERE »