Margin trading is a possibility to participate in international currency market ForEx without risk of losing big amounts of money and without leaving home or office - just having a telephone connection. ForEx margin trading allows you to buy and sell different currencies against other currencies and earn unlimited amounts even if you started from several thousands lats. In case of negative circumstances your risk equals only to invested amount - several thousands lats and not a santim more. Second use of margin trading - is hedging of contracts in foreign currency for businessmen.

Is it possible? Yes! And we will explain how.

For example you have 2 000 dollars on your account in "SMP Bank", bank offers you so called "leverage" 1 to 100. It means that you may open currency position (buy or sell some currency) for the amount 2 000 * 100 = 200 000 dollars.

But you still have to remember that this amount is virtual and you can not lose more than 2000 dollars. But who is going to lose?

How does it all work in real life? Let's continue the above mentioned example. You can manipulate with 200 000 dollars. One more important thing is that you are not obliged to sell the currency which is on your account. You can for example buy 200 000 dollars against Japanese yen. Let's take the rate for example 114.25. There is a deal between you and "SMP Bank" - you have sold 22 850 000 Japanese yens and bought 200 000 dollars. After this, for example, yen started to fall against dollar and the rate reached 116 yens per one dollar. If you decide to close your position, a deal between you and "SMP Bank" occurs: you sell 200 000 dollars and buy 23 200 000 yens. As a result of deals your profit is 350 000 Japanese yens (around 3 000 dollars).

If market would move in another direction and rate would be 113.40 yens per dollar, "SMP Bank" would offer you to add to your deposit or would close your position and as a result you would have 500 dollars left on your account. Why not 0, you would ask? First of all - you can continue trading adding just a little sum to your account. Secondly, to protect you from being in debt in front of "SMP Bank" because of rapid market movement, bank protects your money.

"SMP Bank" clients as well as any person willing can participate in international currency market by speculating or using margin trading to hedge contracts in foreign currencies.

"SMP Bank" offers you to trade major currency pairs: EURUSD; GBPUSD; USDJPY; USDCHF; EURGBP; EURJPY; EURCHF; GBPJPY; GBPCHF; CHFJPY and some other.

Despite high profit potential, client should understand that deals are very risky and be sure that his current financial status allows him to bear these risks.

To start margin trading you need to:

1. Open an account in "SMP Bank" ( in not yet opened ) 
2.  Sign margin trading agreement 
3.  Put initial margin to account and give order to open margin account 
4.  Call and trade!!!

WELCOME!!!