The following types of trading accounts are available on the TickTrader platform: Net, Gross (Margin) and Cash (Exchange).
Gross and Net accounts are Margin accounts, which means that trading is performed using leverage. Leverage allows you to trade a larger amount of funds than is available on the account.
The key difference between Gross and Net accounts is that on Gross accounts, all positions opened on a financial instrument are separate operations. Each position is a separate record. You can open multiple positions, including opposite ones, on one financial instrument.
On Gross Account:
- Stop Loss/Take Profit orders and Trailing Stop are available.
- P/L is calculated separately for each position.
- You can close positions using the Close position command.
- When you reverse a position, the current position is closed and the opposite position of the same volume is opened.
| ||Gross account||Net account|
|Number of positions on the same financial instrument||Many||One|
|Opposite positions (Buy and Sell) on the same financial instrument|
|Increasing position volume|
|Decreasing position volume|
❌Partial closing of a position decreases its volume. In the Order Modification window, specify a smaller volume and click Close by Market. The specified Trade Volume is closed, and the position remains open with the Remaining Volume.
✓To decrease the Net position volume, open an opposite position of a smaller volume.
|Position reversal||To reverse a position, use the Reverse Trade Position command. The current position is closed and the opposite position of the same volume is opened.||To reverse a Net position, open an opposite position of a larger volume.|
|Closing position||Position is closed using the Close position command.||Net position is closed by opening an opposite position of the same volume.|