Nothing on BestForexHub is financial advice. Everything here is general educational writing about how retail forex works. It is published without knowledge of your income, obligations, tax position, experience or risk tolerance, and it cannot be a recommendation to buy, sell or hold anything.
These instruments can cost more than you deposit
Trading foreign exchange and contracts for difference on margin is leveraged. Leverage multiplies losses exactly as it multiplies gains, and in fast markets a position can be closed at a price far worse than your stop. Whether a negative balance is written off depends on your broker and your jurisdiction.
Disclosures that regulated brokers in the UK and the EU are required to publish have consistently shown that a large majority of retail CFD accounts lose money. Any presentation of these markets that leaves that out is marketing.
What this site is not
- Not a broker, exchange, introducing broker or money manager.
- Not a signal service, copy-trading service or managed account.
- Not regulated by any financial authority, because it provides no financial service.
- Not a recommendation of any specific broker, platform or strategy, however positively one may be described.
Tools on this site
The position size and trade cost calculator is an arithmetic aid, nothing more. It uses the numbers you type in; if your pip value, contract size or spread are wrong, every figure it returns is wrong. It does not connect to a broker, does not know your account, and is not a substitute for your platform’s own margin calculation. Always confirm against your broker’s contract specification before committing money.
Accuracy and staleness
Specifications change. Spreads, margin requirements, contract sizes, swap rates, trading hours and leverage caps are all revised by the venues and regulators that set them, sometimes at short notice. Figures quoted here were accurate as far as could be verified on the date of writing and may be wrong by the time you read them.
Jurisdiction
Access to leveraged forex and CFDs is restricted or prohibited for retail clients in a number of countries, and leverage caps differ widely between them. It is your responsibility to know what is lawful where you live and to use only venues permitted to serve you there.
Conflicts of interest
The author holds no position in, and receives no payment from, any broker, platform or instrument discussed on this site. There are no paid rankings and no sponsored posts. If an affiliate arrangement is ever added, it will be disclosed at the top of every page it affects before you read the recommendation.
Liability
The site is provided as is. No warranty is given that it is accurate, complete or current, and no liability is accepted for any loss, direct or indirect, arising from decisions taken after reading it or after using the calculator. If you need advice on your own circumstances, obtain it from a licensed professional in your jurisdiction.
Corrections to anything on this page are welcome through the contact page.