FAQ
Knowledgebase
Answers to common questions
Answers to common questions
MetaTrader 4
The biggest losing position is closed, leaving some free margin available for the trader to continue managing the exposure. Margin calls on MT4 is triggered when the margin level reaches 100%. Margins calls often occur due to overleveraging. Using more leverage can magnify your gains, but it can also magnify losses which will quickly deplete your usable margin. The more leverage you use, the faster your losses can accumulate. When you use excessive leverage, a few losing trades can quickly offset many winning trades.
Margin is a good faith deposit required to maintain open positions. In simple terms, it is a portion of your account equity set aside and allocated as a margin deposit. Is not consider a fee or a transaction cost. Margin requirements (per 1k lot) are determined by taking a percentage of the notional trade size plus a small cushion. A small cushion is added to help alleviate daily/weekly fluctuations.
A Margin Call is a possible event in which a trading account is having losing positions that put him/her on the verge of entering a negative balance in his/her trading account. In order to prevent such a turn of events, a margin call occurs. This is where some of the trader’s open positions are being automatically closed, MT4 automatically closed the biggest losing position thus preventing him from entering into debt.
Is a financial tool that lets a trader to increase their market exposure to a level that exceeds the actual investment. Traders use leverage as a way to magnify returns, however is important to notice that losses can potentially magnify as well.
Margin is a good faith deposit on open positions, leverage is the amount of market exposure of your positions in relation to your trading investment.
Leverage on your account will be set to 100:1
If you have a special request to change the leverage on your account you can contact us directly.
It is about 3.33% of the notional position size. For example if you place on MT4 a 0.10 EUR/USD position size and the pair is trading at 1.2000. The notional volume of this position is calculated as follows: 10,000 X 1,2000 = $12,000USD. Then $12,000 X 3.33% = $265 USD is the margin required for this position. It varies depending on each currency pairs, MT4 does the calculation for you, you can check how much margin is required on the margin field on your open positions within the terminal window on MT4.
1) Launch the MT4 installation file, choose your preferred language and select ‘Next’.
2) Check the box to agree to the terms and conditions and select ‘Next’.
3) Continue to select ‘Next’ until the platform begins to install. Once the platform has finished installing, you will be able to launch the platform and login to your MT4 account *
*Windows Vista Users do the following:
1) Right click on the MT4 icon on your desktop
2) Select Properties
3) Go to the Compatibility tab
4) Check the box next to Run as an Administrator
Zenfinex is the trading name of the Zenfinex Group of companies.
Africa.Zenfinex.com is owned and operated within the Zenfinex Group of companies. The Zenfinex Group consists of:
Stochastic Africa (SL) Limited, trading as Zenfinex Africa, is a company registered in Sierra Leone with Company Number: SL270319STOCH05271 and is licensed by the Bank of Sierra Leone under license number BSL/SAL/2023 and with the registered office at 148D Wilkinson Road, Freetown, Sierra Leone.
Zenfinex Global LLC is a company registered with the Financial Services Authority in Saint Vincent and the Grenadines under registered number 138 LLC 2019. Its registered office is Hinds Building, Kingstown, Saint Vincent and the Grenadines.
Zenfinex Global Limited is a company registered in Seychelles with registration number: 8428731-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD092. Its registered office is F20, 1st Floor, Eden Plaza, Eden Island, Seychelles.
ZFN Europe Ltd is a company registered in Cyprus under registered number HE 411334. Its registered office is Naxou 1, First Floor, Flat/Office 103 Stovolos, 2043, Nicosia , Cyprus.
Clients must be at least 18 years old to use the services of Zenfinex.
Risk Warning: Contracts for Difference (CFDs) are highly speculative and may not be suitable for all investors. The company offers trading on margin. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Seek independent advice if necessary and review our Risk Disclosure and Privacy Disclosure before opening an account. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of Zenfinex or any of its affiliates, directors, officers or employees.
Residence: The information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Belgium, Japan, South Africa or any particular country and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Zenfinex Africa is a trading name of Stochastic Africa SL Ltd, registered in Sierra Leone.
Registered Office Address:148D Wilkinson Road, Freetown Sierra Leone
Licensed and Regulated to operate a CFD trading Platform: by Bank of Sierra Leone
Registration No: SL270319STOCH05271
Certificate Number: BSL/SAL/2023
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