A spread is the difference between the bid (buy) price and the ask (sell) price for a specific trade. It is, therefore, your cost of opening and closing a specific position.
Margin is the amount you are contributing to a particular trade. It is also the amount you stand to lose, should the markets move against you.
PIP stands for Percentage in Point. It is a standardised unit and is the smallest amount by which a currency quote can change. It is usually $0.0001 for US dollar related currency pairs, which is more commonly referred to as 1/100th of 1%, or one basis point.
Leverage involves borrowing a certain amount of the money needed to invest in something. If you wish to trade with a larger amount than you own, you set your leverage accordingly. It is important to remember that the higher the leverage, the higher your losses or profits will be. When using leverage, it is essential to understand that you are effectively increasing your risk.
For each position held overnight (i.e., at or after 21:00 GMT), a rollover or swap fee is due. Rollover or swap fees vary based on the underlying asset.
Conversion fees apply when your account currency is different than the quoted currency of the underlying asset you are trading.
An inactivity fee, as its name suggests, is a fee charged when your account remains inactive for a certain amount of time. If no trading activity occurs for over 90 days, we charge a monthly fee of 10% of your account balance, which will be deducted accordingly.
A withdrawal fee is a fee you incur when placing a withdrawal. Please note that RegalX does not charge any withdrawal fees, but you may be charged bank transfer fees.