FAQs
Why are Rollover rates higher on Wednesday?
Swaps applied to open positions on Wednesday are multiplied by three (3), in order to compensate for the weekend. This is due to the fact that Forex spot transactions settle two (2) business days from the date of the actual trade.
Posted on July 19, 2018
by Admin
When is rollover/swap applied?
Rollover is applied daily at 21:00 GMT (00:00 server time). To see Rollover rates by instrument, click here.
Posted on July 19, 2018
by Admin
Can I use Expert Advisors?
Yes, you can backtest, optimise and apply the EAs* of your choice on both MT4 and JForex. As JForex is a Java based platform, EAs applied to JForex accounts need to be in Java programing language. Choosing, evaluating, using and monitoring an EA is entirely at client’s own discretion and should not be in violation … Continued
Posted on July 19, 2018
by Admin
Is Scalping allowed?
Yes, scalping is allowed and welcome, with no limitations on the number of trades placed or the number of pips in profit/loss. In addition, pending orders can be placed at as close of market as 0.1 pips. Note: Tier1FX does not allow arbitrage.
Posted on July 19, 2018
by Admin