Leverage is the ratio of a margin amount to the borrowed amount: 1:100, 1:200, 1:1000. 1:100 leverage means that, to open a trade, you should have 100 times less amount than the amount of a trade. In Travax you may choose the leverage from 1:1 to 1:1000.

No, it is impossible. If a trader loses more than he has in a trading account, the company must cover the loss to 0.

The minimum deposit amount is $250, and it allows you to open a trade on any instrument

There are no differences in trading conditions and trading instruments. Trading on demo account is identical to live trading, except unavailability of deposit and withdrawal options for demo accounts

The amount of margin is equal to the trade volume divided by the leverage. The trade volume is equal to 10000 US Dollars multiplied by the amount of lots and by the exchange rate of a base currency in a pair to the USD. The base currency is the first in a currency pair. For example, in the EUR/USD currency pair the base currency is EUR (thereafter, the exchange rate of a trade to the USDollar is EURUSD), in USDCAD – is USD (the exchange rate of a trade to the US Dollar is equal to 1, because USD/USD = 1), in GBPJPY – the base currency is GBP (the exchange rate of a trade to the US Dollar is equal to the GBP/USD exchange rate or to the exchange rate of GBPUSD). So when the GBPUSD exchange rate equals 1.4956 in a 2 lot trade with the 1:100 leverage, the margin will be 10000 * 2 * GBPUSD/100 = 299.12 USD. In a 3.4 lots trade on USDJPY with the 1:1000 leverage, the margin is equal to 10000 * 3.5 * 1/1000 = 35 USD.

It totally depends on your experience, knowledge and skills. Forex/Crypto trading is very risky, and you should assume that risk and evaluate your level of professionalism. Travax trading conditions make your way from a newbie to an experience trader simpler.

Cryptocurrencies are traded 24/7.

You can change the password by applying to the Customer Support Service with the following information: email address, Account number. Once they verify your identity they will provide you a unique link – where you will be able to change your password. (Latin letters, from 6 to 12 symbols). Your account password will be recovered or changed at your discretion.

Travax does not charge any fees for depositing money to your trading account. However, your transaction amount will be charged with a commission by a payment system or a bank which credits or debits your account.

There are no limits to withdrawal. You can always request the withdrawal of any remaining amount on your trading account. The exception includes bank wire (minimum amount for withdrawal is 300$). For wallets, electronic payment systems and bank cards – minimum amount for withdrawal is 1 USD, including commission. Also, please pay attention to the commission which a bank can charge for an operation: up to 30 US dollars.

Verification means identification of a client. It protects your trading account at recovering your password or other confidential data. Account verification procedure does not affect operating with your funds. You are welcome to verify your account at any time.

Account verification can take up to 72 working hours.

Any identifying documents are accepted. A passport (ID) or a driving license are preferred though plus utility bill from the past two months.

The document is not accepted for verification in the following cases: the scanned document copy is of low quality. You sent the document that is unsuitable for verification (no photo or your full name). The document you sent was already used for the first level of verification or there is no expiration date on the ID.