FAQ-Best Leader International

FQA

  • Account issues

  • Platform issues

  • Trading issues

  • Other issues

  1. 1How to trade through BLI?
    Simple three steps:
    1、You select the investment transaction with the assistance of the company introducer;
    2、You can open a trading account and get a trading account number and password;
    3、You can deposit funds and trade through the online trading platform.
  2. 2what is the exchange rate of the online deposit?
    The company uses the floating exchange rate.
  3. 3How do I protect my account data security after receiving the login instructions?
    1.Never disclose your password to a third party (including any company or individual) ;
    2.Please change your password immediately when you log in for the first time. The password format needs to mix with uppercase and lowercase letters and numbers;
    3.Change your password regularly through the webpage.
  4. 4How to open a demo account?
    Investors can open a free demo account in two ways:
    1.You can click the “Open Demo Account” button, fill in the relevant information, click the “Confirm Registration” button, the system will send a demo account to your mobile phone on the official website.
    2.You can directly contact the online customer service staff to obtain a free demo account.
  5. 5What is the difference between a demo and a real account?
    The demo account and the real account use the same trading platform. Their data sources and operating interfaces are identical, and investors can familiarize them with the functions of the trading platform by using a demo account.
    The demo account is a virtual fund. If the simulated credit is insufficient or exceeds the validity period, the investor can apply again at the official website at any time.
    The real account is permanently valid. The investor must use the actual amount to trade.
  6. 6How to open a real account?
    Online account opening:
    You can visit the official website and click “Open Real Account”, fill in the personal information, and click “Confirm Registration” to complete the account opening. 
     The system will automatically send the trading account number and password to the mobile phone number when you open the account and the email address that you fill in. You need to deposit the trading account to activate the trading account to carry out the real transaction.
  7. 7Do customers need to submit and binding personal information after opening an account?
    To protect the safety of customers' funds, investors need to submit copies of ID cards and withdrawal bank card (or scanned photos, digital photos) to the “Customer Center” for binding, or contact customer service for binding business. Through the online customer service system, QQ or email can be submitted. It is recommended to notify the customer service department to confirm the information after successful sending.
  8. 8What currency is used for trading?
    The designated transaction currency of our account is US dollars. If you access the funds in CYN, they are all exchanged according to the market exchange rate announced by the company.
  9. 9How to deposit?
    You can use the bank card that has been opened online to deposit on the official website. It will take 10 - 15 minutes to arrive, and the handling fee is free.
  10. 10What kind of currency deposit can I deposit?
    You can deposit in US dollars, CNY, Hong Kong dollars. There is no limit on the amount of deposit.
  1. 1Why is the price difference between other platforms and your platform?
    Since the source of the quotation for each platform may be different, the quotations provided are also different. Take spot gold as an example: the difference between the selling price and buying price is $0.5 per ounce, which is within the normal quotation range; Although the quotations for each platform may vary slightly, the price trend is entirely consistent.
  2. 2How to operate pending order?
    The pending order is that after you decide to the transaction currency, the amount and the target price of the transaction, once the quotation reaches or exceeds the price specified by yourself, your instruction will execute and the transaction will be completed. The transaction price is the real-time quotation of the company. By the way, pending orders are valid only for the week. Before the transaction, you can also cancel the pending order yourself.
    Four types of pending orders on our platform:
    Buy limit: buy below the current price (usually execute when it is close to the next support level); r
    Sell Limit: sell above the current price (usually execute when it is close to the next resistance level);
    Buy Stop: buy above the current price (usually execute when breaking the next resistance level);;
    Sell Stop: sell below the current price (usually execute when breaking the next support level)
  3. 3Why is the pending order price and the transaction price different?
    For example, if you open a position at $900 and the stop-profit order is set to 930, why is the transaction price at $931?
    A:
    Because of the discontinuity of the quotation. When the market price fluctuations are relatively large, the quotation may jump directly from 929 to 931, and the price of 930 does not report. At this time, the platform will help you to close the positions with the closest set price.
  4. 4How to inquire about the historical transaction records of the platform?
    You can inquire all historical transaction records through the trading platform, click “Account History”
  5. 5If my network is slow, can I trade normally?
    It may lead to the inability to display quotations and to make orders normally when the network speed is low or unstable. The company recommends that you ensure that the network is smooth when you make transactions.
  6. 6What is a maintenance margin (positions margin)?
    Maintain margin is the account amount of the net value can not be less than 20%; otherwise, the margin or the system will automatically close the positions.
  7. 7What is the platform trading time and platform settlement time?
    Trading Hours:
    Summer: From Every Monday Morning 7:00 Till Saturday Morning 4:00 Beijing Time.
    Winter: From Every Monday Morning 8:00 Till Saturday Morning 5:00 Beijing Time.
    Settlement Times:
    Summer: Every Morning At 5:00 Beijing Time.
    Winter: Every Morning At 6:00 Beijing Time.
    Closed on weekends and international holidays
  8. 8What time zone is the platform showing?
    What time zone is the platform showing?
    Daylight saving time, system time "00:00", equal to 5:00 am Beijing time.
    Wintertime, system time "00:00", equal to 6 am Beijing time.
  9. 9Will the stop loss be canceled on the weekend?
    Pending orders and stop-loss profit sets are valid for one week, and all unexecuted pending orders and unexecuted stop loss profit sets will cancel after the weekend or holiday.
    After the market closed, it will automatically cancel when it closed.
  10. 10What are the advantages of the platform?
    The company provides the MT4 for individual users to conduct online electronic transactions. The MT4 combines professionalism and ease of operation. The MT4 is widely used by international institutions, investors, professional investors. It is currently the most widely used trading platform in the world.
    It combines the three functions of the market chart, technical analysis and order trading, with complete functions and simple operation. Customers can place orders, close positions, pending orders, stop loss/profit, view quotes, analyze data on the trading platform. MT4 occupies fewer computer resources, runs fast, and can download historical data and charts, which is favored by international investment companies and investors.
  1. 1How to calculate the margin required for foreign exchange?
    Everage Ratio: 1:200
    Account Base Currency:USD
    Position size:Buy 10 lots of EUR/USD at 1.21745
    Contract Size (lot):100,000 Basic Currency
    Nominal value: 10 * 100,000 * 1.21745 = 1,217,450 USD
    Margin: 1,217,450 USD / 200 = 6087.25 USD
  2. 2What is the T+0?
    It means that the position can be closed on the day of opening the position. T+ 1 means that the second day after the position is opened, the position can be closed. The number after T indicates how many days after the position is opened. The trading platform can close the position immediately after opening the position, so we belong to the T+0 transaction. For example, stocks can not be sold on the day of purchase, and they must be sold until the next day, belonging to T+1 transactions.
  3. 3What is the quotation spread?
    It refers to the difference between the buying price and the selling price in the trading platform that is the transaction cost of opening a position. The company will charge the spread when you open the position.
  4. 4What is the pending order?
    Pending orders refer to setting an ideal transaction price. When the latest market price reaches the price set by the customer, the system will automatically open the position. The advantage of the pending order is that the customer can open a position at the ideal price, and the customer can select the transaction type, the lot size, and the target transaction price, without having to pay attention to the market conditions or open the trading platform for a long time.
  5. 5What is the stop-loss order?
    Stop -loss means that the closing price is set in advance for the trading order. When the market price reaches the stop-loss price by the customer set, the system automatically closes the trading order and the stop-loss setting in the MT4 platform used to control the loss. The stop-loss price needs to be set in the loss area of the price.
  6. 6What is the stop-profit order?
    Stop-profit order (also known as 'profit-making') means setting the closing price for the trading order in advance.
    The system will automatically close the positions when the market price reaches the stop-loss price by the customers set. The stop-profit setting used to lock in profit and prevented losing profits that have already reached from the market fluctuation.
    The earning price needs to set in the profitable area of the price (that is, the earning price of buying and selling positions should set above the opening price, and the selling price of buying and selling positions should set below the opening price).
  7. 7What is the forced liquidation?
    When the prepayment ratio of the customer account reaches 20%, the system will force the liquidation from the most loss-making transaction order until the prepayment ratio returns to more than 20%. When there is a large gap in price volatility, it is possible to skip 20% and force a liquidation at a prepayment ratio below 20% or cause a negative balance.
  8. 8What is the trading model of Best Leader International?
    Our trading model is a 24 - hour two-way trading. When we judge the price rise, we choose to buy a position. When we judge the price drop, we choose to sell the position.
  9. 9What is the trading time of the product?
    Beijing time:
    Monday 7:00 am to Saturday 4:00 am (Daylight Time)
    Monday 8:00 am to Saturday 5:00 am (Winter Time)
    The company closes on weekends and international holidays.
  10. 10What are the trading methods?
    You can conduct 24-hour market transactions through the company's online trading platform and mobile trading platform.