What is a demo account?A demo account is a free and simple way for you to experience what it
is like to trade for real. Registering for a demo account is very quick
and costs nothing. For a limited time you get an individual username and
password and thereby access the fully functional MMATrader platform.
You receive a 100,000 USD account and the assistance of our customer
support team to help you understand the functionality of the platform and
introduce you to the FX market. |
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How can I change my account details?You can change your username, password or email. |
What is the minimum amount to open an account?You can start trading live with as little as 100 USD/Euro. |
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What does it mean to be "long" or "short"?Please refer to "Long" or "Short" in our Glossary or for a better understanding our introduction to the FX Market (Intro to the FX Market Shorting Profit with both Rising and Falling Markets) |
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Are you a market-maker?Yes. That is how we are able to offer the most competitive spreads |
Can I become an Introducing Broker or Affiliate?Yes, MMA FX has an IB and affiliate program. Please contact our Affiliate Page for further details. |
Can I manage client accounts with MMA?MMATrader has a special portfolio of products designed to cater to account managers and their clients. If you are an account manager, you can manage multiple accounts through one main account which is full featured. You will be able to group the accounts and trade on a minimum or proportional basis. Please contact our support center for more information |
What are your commissions and fees?There are no fees or commissions when working with MMA FX.We are compensated through the difference between the buy and sell price. Does MMA deduct any amounts from my account for tax purposes?MMA does not deduct any tax, fees, costs or commissions from its clients accounts. MMA is a British Virgin Islands registered company, and is under no obligation to report to any government the financial position of its clients. It is the clients" own responsibility to take care of his or her own tax obligations. |
How can I deposit funds with you?You can deposit funds with us in a variety of ways: credit cards, wire transfers, Pay Pal and more. To learn more about funding your account visit the My Account section. Does MMA deduct any amounts from my account for tax purposes?MMA does not deduct any tax, fees, costs or commissions from its clients" accounts. MMA is a British Virgin Islands registered company, and is under no obligation to report to any government the financial position of its clients. It is the clients" own responsibility to take care of his or her own tax obligations. |
Euro or USD accountsYou can choose during the registration process to have your account denominated in Euros or in USD. Whatever you choose will be the base currency of your account and all your profits or losses will be calculated in that currency. |
Changing account base currencyIf you wish to change your base currency of an existing account please contact the customer support center. |
In what currencies can I place a deposit in my MMA account?
We are able to accept all currencies, however we will fund your MMA account in USD and any conversion fee charged by the bank will be taken into account in calculating your deposit. MMA does not charge any conversion fee. If you wish to transfer US dollars, there will not be any associated conversion fee.
A Percentage in Point (pip) = 0.0001 (or 0.01 in Japanese Yen) is the smallest measure of price move used in forex trading. For instance, if the currency pair EUR/USD is currently trading at 1.3000 and then the exchange rate changes to 1.3010, the pair did a 10 pips move. The pip is the smallest measure regardless of the fractional representation of the currency exchange rate. Thus, 1.3000 to 1.3010 is the same move in pips terms as 110.00 to 110.10. Pips are sometimes called Points.
You can see the pip value of each 5,000 position in MMATrader, in the "Instruments" windows, under the column "pip value".
To calculate the value of one pip in a position you multiply the position size times 0.0001 (a pip) and you get the value of the pip in the secondary currency. Then you can convert that value to your base currency.
Example:
100,000 EURGBP position.
100,000 * 0.0001 = 10 GBP
If GBPUSD = 2.000 then 10 GBP equals $20. So a change in 1 pip will create a gain or loss of $20.
