Trading at X90

The total amount you sold short are: 100*$290 = $29,000.
The Initial Margin that is needed for the Google shares is 10%: $2900.

Trading at X90 is simple, straightforward and contains no hidden fees.

Buy and Sell prices of all the instruments available are helpfully displayed on the main page of the X90 online trading platform. When entering an order to Buy, our powerful and easy trading platform enables you to add a Stop Loss or Profit Limit to protect your position and profits.

Trading example

You signed up and deposited $10,000 via credit card.

  • Balance: $10,000. (Deposits - Withdraws + P&L of opened positions).
  • P&L = $0. (Total profit and loss of all open positions including daily Premiums).
  • Available Balance: $10,000. (Balance + P&L of open positions - Initial Margins).
  • Equity: $10,000. (Balance + P&L of open positions).

You think that Apple shares are likely to fall soon and go ‘Short' (sell) on Apple.

7:15pm - you click ‘Sell/Short' beside the ‘Apple' stock in the main trading page; the sell price is $100.

Your criteria are:

  • Number of Shares (CFDs): 200
  • Close at profit rate: $90 (profit will be 200*$10 = $2,000).
  • Close at loss rate: $105 (loss will be 200*$5 = $1,000).
  • The total amount you sold short are: 200*$100 = $20,000.
  • The Margin needed for the Apple shares is 5%: $1,000.

Your position is now:

  • Balance: $10,000
  • P&L = 0 (usually the spread of Apple is 1 dollar so you would have a P&L of -$200).
  • Available Balance after you sold Apple is: $9,000 ($10,000 - 5%*$20,000 = $9,000).
  • 'Equity': $10,000 ($10,000 + $0).

8:06pm - Apple climbs to $103.

  • Balance: $10,000
  • P&L: -$600 (200*$100 - 200*$103).
  • Available Balance: $8,400 ($10,000 - 5%*$20,000 - $600 = $8,400).
  • Equity: $9,400 ($10,000 - $600).

You decide to cut your losses and buy Apple - you press 'Close Position' in the main screen.
8:06pm - your market buy executes at $103.You lost $600 on the trade.

  • Balance: $9,600
  • P&L: 0 (no open positions).
  • Available Balance: $9,600
  • Equity: $9,600