Company Information: This website (www.inefex.com) is operated by Novir Markets Ltd, a Mauritian investment firm, authorised and regulated by the Financial Services Commission of Mauritius with license number GB21026833. Novir Markets Ltd is located at Suite 803, 8^th floor, Hennessy Tower, Pope Hennessy Street, Port Louis.

Novir Markets Ltd owns and operates the “Inefex” brand.

Novir Markets Ltd and Value Bridge Single Member Investment Services S.A belong to the same Group of Companies. Value Bridge Single Member Investment Services S.A is regulated by the Hellenic Capital Market Commission with license number 6/927/31-8-2021.

Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.

Novir Markets Ltd applies strict measures in line with anti-spam regulations by avoiding unsolicited advertising. Please read our Privacy Policy document.

Regional Restrictions: Novir Markets Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.

Novir Markets Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product.

Novir Markets Ltd is not a financial adviser.

Margin Information

Margin is calculated based on the leverage used and is the amount of equity needed to open and maintain a position.

Formula: Margin = (Contract size*Lot Size*Open Price) / Leverage[1].

Assuming that your trading account has a leverage ratio of 1:100 and you wish to buy 1 Lot (fixed at 100,000) of EUR/USD, leverage gives you the ability to pay 1/100 of the invested amount (this will be the margin used for this single position).

1 Lot EUR/USD = 100,000 EUR against USD

If the EUR/USD opening price is 1.12, Margin = (100,000*1*1.12)/100 = 1,120 USD

The free margin appears at the bottom of the platform and represents the difference between the trading account’s equity and the open positions margin.

Free margin = Equity – Marginevel

A percentage value based on the amount of usable margin and equity. If the margin level is less than 100% Inefex may freeze opening new orders. If the margin level is lower than the margin call level (at 100% of the margin level) the trader is advised to deposit more funds. Inefex may automatically close open orders and prevent further trading when the margin level falls below the stop out level.

Formula: Margin Level = (Equity/Margin) * 100

Margin call occurs when the trader’s equity as a percentage falls below the margin requirement.

It should be noted that Inefex does not bear an obligation to provide a Margin Call to any trader. Nevertheless, traders are advised to maintain a margin level above 100%.

Stop Out level is between 20% – 100% of the Margin Level. When the Stop Out level is reached, the system will start closing your positions automatically, without prior notice.

Example 1

A client deposits 10,000 USD and sets the maximum leverage to 1:100. The trader may open positions of up to (10,000 * 100) 1,000,000 USD which is equal to 10 Lots.

Assume stop out is at 10%

The client opens a BUY position of 5 LOT EUR/USD at 1.12.

Volume of the particular position will be (500,000 EUR * 1.12) = 560,000 USD.

Margin will be (560,000/100) 5600 USD.

Free Margin will be (10,000 – 5,600) 4,400 USD

Margin Level will be [(10,000/5600) *100] =178.57%

Profit-making Scenario:

If the EUR/USD rate rises to 1.135, the trader will make a gain of [(500,000 EUR * 1.135) -560,000 USD] = 7,500 USD.

Free Margin will rise to (17,500 – 5,600) = 11,900 assuming the position was not closed yet.

Margin level will rise to [(17,500/5600)*100] =312.5%

Loss Making Scenario:

If the EUR/USD rate falls to 1.105, the trader will make a loss of [560,000 USD – (500,000 EUR * 1.105)] =-7,500 USD.

Free Margin will fall to (2,500 – 5,600) = -3100 assuming the position was not closed yet.

Margin level will fall to [(2500/5600)*100] = 44.6%

Since the margin level is below 100%, trader could not open new positions

If the EUR/USD continues to fall and reaches 1.101, the trader will make a loss of [560,000 USD – (500,000 EUR * 1.101)] =- 9500 USD.

Margin Level will fall to [500/5600 * 100] = 8.9%. Since the Margin Level is now below the stop out level of 10%, the trade will automatically be closed by the system.

Example 2

Client deposits 10,000 USD and sets the maximum leverage to 1:300. So the trader could open positions of up to (10,000 * 300) 3,000,000 USD which is equal to 30 Lots.

Then opens a BUY position of 20 LOT EUR/USD at 1.12.

Volume of the particular position will be (2,000,000 EUR * 1.12) = 2,240,000 USD.

Margin will be (2,240,000/300) = 7,467 USD.

Free Margin will be (10,000 – 7,467) = 2,533 USD

Margin Level will be [(10,000/7,467)*100] =133.92%

Profit-making Scenario:

If the EUR/USD rate rises to 1.135, the trader will make a gain of [(2,000,000 EUR * 1.135) -2,240,000 USD] =30,000 USD.

Free Margin will rise to (40,000 – 7,467) =32,533 assuming the position was not closed yet.

Margin level will rise to [(40,000/7,467)*100] =536.69%

Loss Making Scenario:

If the EUR/USD rate falls to 1.11625, the trader will make a loss of [2,240,000 USD – (2,000,000 EUR * 1.11625)] =- 7,500 USD.

Free Margin will fall to (2,500 – 5,600) = -3100 assuming the position was not closed yet.

Margin level will fall to [(2500/7,467)*100] = 33.48%

Since the margin level is below 100%, trader could not open new positions

If the EUR/USD continues to fall and reach 1.1155, the trader will have a loss of [2,240,000 USD – (2,000,000 EUR * 1.115)] = 9500 USD.

Margin Level will fall to [500/7,467 * 100] =6.69%. Since the Margin Level is now below the stop out level of 10% the trade will automatically be closed by the system.

ACCOUNT TYPES	MARGIN CALL LEVEL	STOP OUT LEVEL
Basic	100%	20% – 100%
Gold	100%	20% – 100%
Platinum	100%	20% – 100%
VIP	100%	20% – 100%

[1] Based on the above formula, margin is calculated in Quote CCY for Forex Pairs.

Trading in Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.

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With Inefexyou can fund your trading account via Perfect Money.

Use Perfect Money to deposit funds in your account in the currency** of your choice regardless of where you live in the world. Find out more details by clicking on the “Deposit” tab once you are logged in.

Once your Perfect Money account is funded, follow these steps to fund your Inefex account:

Click on the “Send Money Tab”
Select the account* that you wish to send money from
Click “Single Payment”
Add the amount of the deposit (minimum is €250 or equivalent)
Add Novir Markets Ltd. Limited account number:
1. USD – U6366821
2. EUR – E6130991
Add your username in the description section
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Click “Send Money”

Note – Please allow a few business hours for funds to be credited. Our business hours are 7:00am to 5:00pm GMT

*Conversion fees may be charged by Perfect Money or their vendor.
**Please make sure that you transfer funds from an account with the same denomination as your trading accounts.

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Please note that credit card transactions can be charged either in EUR or any other currency, depending on the available payment service provider which shall be used by the Company, and the Company reserves the right to proceed to charge you in any currency without notifying you and/or obtaining your prior consent.

You will be charged by Inefex. This charge will appear on your statement as www.inefex.com. Please feel free to contact us at +815030923008. This website is operated by Novir Markets Ltd, registration number: 184916GBC. Head office address: Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, 11328, Port Louis, Mauritius. The Company is regulated by the Financial Services Commission of Mauritius with license number GB21026833.

Margin Information

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