Whether you’re already trading in the markets or this is your first time, when opening an account with a broker, you should understand the terms of their contracts.Let this serve as a wake-up call: we’ve received criticism for using the misnamed “referrals,” which refer to this type of high-leverage margin account, and we think it’s important for you to know the truth. Nothing could be further from the truth—it’s very easy to understand and verify.Let's take the example of the type of accounts offered by one of the brokers we work with, which you can see here: Roboforex.There are several types of accounts that you can open in the broker. In the case of RoboForex and since its affiliate program is very extensive, we will summarize it into two main types:

Types of brokerage accounts

Mainly, these are the types of accounts with which we can trade in RoboForex. Of all of them, we we recommend doing so with the Pro-Centbecause of their versatility and because we can use much less capital to operate with them. If you are going to invest significant amounts of money, you can use the Pro-Standard, but you will not have better conditions for it and they are less versatile.

Pro-Cent Accounts

Also called Micro. It allows trading with micro lots, a leverage of up to 1:2000 and features a spread minimum float of 1.3 pips and a minimum float of 1.3 pips and a stop out of the 10%. Suitable for any type of investor using our tool. The broker charges the client a fixed spread depending on the currency pair traded.

Pro-Standard Account

It is commonly used in our operations to service balances above 2000$/€, and has the same minimum floating spread of 1.3 pips and the same maximum leverage of 1:2000. The stop out is 20% for this type of account. The broker charges the client a fixed spread depending on the currency pair traded.

ECN-Pro NDD

Normally used for operations where the most important thing is to maintain a spread very low, which would be ideal for use with any scalping-type algorithmic trading robot. This type of account has a floating spread starting at zero and a maximum leverage of 1:300. The broker does not charge a commission based on the spread, but rather on trading volume. This means that, in exchange for these low-spread market conditions, the client pays a commission of 20$ for every million USD of trading volume or a fraction thereof, both when opening and closing a trade. To put it simply, if you open 1 lot of USDJPY, for example, you would pay 2$, and when you close the trade, another 2$.We we do not recommend a priori trading with ECN accounts. because for our robot trading, we require high leverage. You will not be able to trade with ECN accounts with our products for free, but if you consider that this is the perfect combination, we can license our tools for use with this type of accounts. It won't be free, but you will be able to do it.

Prime

These accounts are oriented to investment professionals. Their particularities offer the best commissions. They have a leverage of 1:300 and a minimum spread of 0 points. They are similar in conditions to ECN accounts and our conditions for using this type of accounts in your trading with our tools are not free.

Affiliate Accounts

The "accounts affiliate"also called "affiliate accounts", "affiliate accounts", "affiliate accounts", "affiliate accounts", "affiliate accounts", "affiliate accounts", "affiliate accounts Mark-Up" or “referral accounts” are designed to offer a higher commission to the partner of Roboforex “that provide additional services to their clients” and, as a result, these clients are willing to pay higher spreads and commissions. There are two types of these accounts:Pro-Affiliate. Its floating spread increases to a minimum of 2.4 pips, with the rest of the contract conditions being the same as those of the Pro-Standard accounts.ECN-Pro Affiliate. With the same conditions as ECN-Pro, it increases commissions to 60$ per million USD of opening and closing market volume -12$ for opening and closing one lot of USDJPY, for example.

Other commissions you will pay at any brokerage firm

In addition to the spread, in all operations with any type of accountThe broker applies an extra commission for maintaining the position, which means that for all transactions that are not opened and closed during the day - transactions that do not open and close on the same day - the broker will charge an extra commission for the maintenance of the position. scalping ni intraday-the broker applies an interchange fee commission known as a swap o rolloverwhich applies to positions that remain open for more than one day. This swap rate can be positive or negative, which means that it can be applied as a profit or loss on trades open for more than one day.If you work through our affiliate link or our affiliate codes -which has nothing to do with accounts Affiliate, Mark-Up or referral accounts - we ask you to check the conditions you enjoy in your contract with the broker for yourself. Log in to the account you opened with us and look in the conditions for the type of spread it offers you. In fact, if you followed our instructions, you'll see that you're using a Pro-Cent or Pro-Standard account. Do you have any more questions? Well, learn, because knowledge sets you free. When in doubt, go to the original source, so contact Roboforex and explain your existential doubts to them.

Don't overpay commissions

Contrary to what others do, we have never asked our users to use referral accounts, neither Affiliate nor Markup accounts.We we have never asked to open an account affiliate —even though we have the right to do so, under the terms and conditions that apply to this type of account Roboforex—. This is primarily because our goal is for the people who benefit from the bot The second reason is that the results of the public accounts that we show you would have nothing to do with the results that you could obtain by applying the increased spreads.
pro accounts affiliate accounts
We are honest and have a clear business model where you won't pay a penny too much. Nevertheless, we continue to generate income that we well deserve. Isn't it wonderful to be able to close the circle in this way?
Tell us, what type of account do you use?