Marketiva Forex, Indexes and Commodities Trading

Marketiva.COM Review

2011-12-09T21:18:00.001+07:00

Review of Marketiva: The Most Popular Forex Broker in the world. Marketiva has established itself as an industry leader thanks to its advanced trading platform and its highly recommended customer service. Marketiva state they have “With more than 800,000 serviced users, 500,000 unique and live trading accounts, and more than 3.8 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world providing Forex, Indexes and Commodities trading services.”.

No minimum deposits are required to open an account with Marketiva. Actually, when you first log in, your account is already credited with $5 in real money, and $10,000 virtual money. The same account and platform are used for practice money and for the real money, so only a click of a button is needed to determine which funds you wish to use. Best of all, a $5 reward is given for opening a new account and if you want to make deposit, the minimum is only $1.

Marketiva’s rates are between 2-4 pips for the major pairs, offering less than 20 pairs all together. The leverage they offer is of 1:100, allowing a minimum trade unit of 1 quantity which cost only 1 cent USD! In addition to FOREX trading, Marketiva also allows trading funds, indexes, and commodities.

The process of opening up a Marketiva account is quick and easy. Registration process is simple, and requires only minimal details for opening the account. No further procedures were required for downloading the software, which is also a quick and easy process. Click here to open an account, the process will take no more than 5 minutes.

Streamster, Marketiva’s software, is known for its ease of use and flexibility. It has a high-tech look & feel, yet it is simple and intuitive enough for a beginner to understand. The software includes advanced charting tools, which are fully customizable, and enable opening positions right from the charts themselves.

Accounts can be managed through the “Account Center” on Streamster or Marketiva’s website, so it is not necessary to actually be logged into the Streamster download software, to follow account balance, open positions and trades.

Deposit and withdrawal processes are executed through the web “Account Center”, and are clear and easy to follow through.

To make a deposit, the following payment methods are available on Marketiva: Wire transfer, Liberty Reserve, E-Dinar, and Web Money. No fees are charged for deposits, however, these payment methods do charges for transfers.

The fee for withdrawing by wire transfer is $14.00 for each withdrawal; while for all the rest it is $7.00 and only for the first withdraw.

Around the clock customer support is available from professionals with any questions that may arise, technical as well as trade related. Marketiva’s support standard is regarded by users as one of the highest in this field. This is despite the fact that support is provided mainly via email, and through the public chat-room, open be read by all clients.

A multitude of additional services and resources are offered the trader. A section of FAQs, dealing with general issues of trade in the FOREX market, as well as specific questions about operating their software, is available on the website. The answers cover lots of ground, although not in the most enticing way.

Market news and alerts are provided from within the system, to aid traders with their decision making processes.

Instrument Profiles are also provided. These profiles contain detailed information categorized in several sections, allowing the trader to make a better decision on which instrument to trade.

Marketiva enables clients to chat online with other traders, so they can discuss market events and trends, and exchange ideas and tips.

To further enhance the community atmosphere, Marketiva runs Marketiva Masters Tournaments. Marketiva posts a list of traders who made the most profits during the last month and during the previous year. The #1 earner is named Marketiva Master of the month or year. Starting from January 2011, Master of the Month is awarded with $100 real money, and of course you could be the next!

The user-friendly software, high quality support, advanced community tools and low risk requirements, all make Marketiva very attractive for a newcomer to the FOREX market.

Interested? Open Account now, and get Free $5 Live Bonuses!

Marketiva Online Forex Trading

2010-11-25T12:54:00.000+07:00

Marketiva.com is The Best Place to Learn Forex, Index, and Commodities Trading. With more than 800,000 serviced users, 500,000 unique and live trading accounts, and more than 3.8 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world providing Forex, Indexes and Commodities trading services.

May I open a test account and try the system first?

Absolutely! Because live and virtual trading desks co-exist within one Marketiva account, you may try our system with a regular account and later use the same account for live trading. In any case, you can open your Marketiva account for free! Open Account now and get $5 Real Money!

How much money do I need to start trading right now?

With its flexible quantity specifications and $5 cash reward, Marketiva allows you to start trading with no money down. Due to strict lot specifications, many other over-the-counter market makers require at least $500 to start with. Open Account now and get $5 Real Money!

Where and how do I start?

Before you can start trading, you need to open an account with us (it is free) and download our trading platform (Streamster). To open your account, please visit Open Account page and to download Streamster please visit Downloads page.

Open Account Now & Get $5 Free Cash Reward
Directly Deposited to Your Account & Ready to Trade!
Open Account is Easy and Takes Only 5 Minutes!!!

Important:

Please use valid informations such as Real Name, Full Address, Phone Number, Postal Code, City and Country. If you use fake informations, your account will be Automatically Deleted by Marketiva System.
You will need to provide Identification Document and Address Confirmation Document. Your Can use National Identity Card, Drivers License, Passport or any other Official Documents with your Name, Photo, and Full Address issued by Government. If your document does not have address, you will need to provide additional Address Confirmation Document. You can use any official document with your Name (at least family name), Full Address, and Official Stamp. Affidavit Letter, Bank Account Statement, Electric, Phone, Gas, or other Utility Bill will be accepted for address confirmation document, remember that all documents have to be in your own name with your full address.
Identification documents should be uploaded at Identification page.

Streamster™ API Trading Methods

2010-11-21T23:37:00.000+07:00

Once the SOAP object is created, Streamster API exposes a number of methods you can invoke to communicate with Streamster from your script or application. The following section explores available trading methods and related structures.

SendOrder

SendOrder method sends a new order. It is an equivalent to clicking a New button in the Orders window in Streamster and then filling out the form and clicking OK. The SendOrder method has one parameter, an "Order" structure which contains details of the new order. The meaning of fields in the Order structure is the same as in the Send Order form in Streamster.

The following fields in the Order structure are valid and used when calling the SendOrder method:

Instrument: Name of the instrument (for example, EUR/USD), a required field
Side: BUY (Default) or SELL
PriceType: MARKET (Default), LIMIT or STOP
Price: Required field when PriceType parameter is set to LIMIT or STOP
DurationType: GTC (Default), GTD or IOC
Duration: Required when DurationType parameter is set to GTD (Good Till Date)
Quantity: Required field
QuantityType: FULL (Default) or PARTIAL
ExitStopLoss: Optional
ExitTarget: Optional
Desk: Name of the desk to use for the order, a required field
Currency: Required if there is more than one currency on the specified desk
Text: Optional

The SendOrder method has no return value - if an order is successful, it would normally appear in the Orders window shortly. If any parameter is invalid, an exception will be raised (as in all other Streamster API methods).

Sample - PHP: The following code sends a basic order.

SOAP_SINGLE_ELEMENT_ARRAYS));

$api -> SendOrder(array(
"Instrument" => "EUR/USD",
"Desk" => "Virtual Forex",
"Quantity" => 10
));

?>

The following code creates an order variable, fills out most of its fields and sends an order.

SOAP_SINGLE_ELEMENT_ARRAYS));

$order -> Instrument = "Dow Jones";
$order -> Side = "BUY";
$order -> Price = 8756.24;
$order -> PriceType = "LIMIT";
$order -> ExitTarget = 8770;
$order -> Desk = "Testing";
$order -> Currency = "EUR";
$order -> Quantity = 10;
$order -> DurationType = "GTD";
$order -> Duration = date("c", time() + 3600);
$order -> Text = "test order from my script";

$api -> SendOrder($order);

?>

Sample - Visual Basic: The following code sends a basic order.

Dim api As StreamsterApi = New StreamsterApi

Dim o As Order = New Order

o.Instrument = "EUR/USD"
o.Desk = "Virtual Forex"
o.Quantity = 10
o.QuantitySpecified = True

api.SendOrder(o)

The following code sends an order with lots of optional parameters.

Dim api As StreamsterApi = New StreamsterApi

Dim o As Order = New Order

o.Instrument = "Dow Jones"
o.Side = "BUY"
o.Price = 8756.24
o.PriceSpecified = True
o.PriceType = "LIMIT"
o.ExitTarget = 8770
o.ExitTargetSpecified = True
o.Desk = "Testing"
o.Currency = "EUR"
o.Quantity = 10
o.QuantitySpecified = True
o.DurationType = "GTD"
o.Duration = DateAdd("d", 1, Now())
o.DurationSpecified = True
o.Text = "test order from my script"

api.SendOrder(o)

ChangeOrder

ChangeOrder changes certain parameters of a pending order. The ChangeOrder method has one parameter, an "Order" structure, which specifies the ID of the order to be changed and the new parameters of the order.

The following fields in the Order structure are valid and used when calling the ChangeOrder method:

OrderID: Contains the ID of the order to be changed
PriceType: MARKET (Default), LIMIT or STOP
Price: Required field when PriceType parameter is set to LIMIT or STOP
DurationType: GTC (Default), GTD or IOC
Duration: Required when DurationType parameter is set to GTD (Good Till Date)
Quantity: Required field
QuantityType: FULL (Default) or PARTIAL
ExitStopLoss: Optional; when empty, Exit Stop Loss parameter will be reset for the position
ExitTarget: Optional; when empty, Exit Target parameter will be reset for the position
Text: Sets the Text parameter of the position

All other fields in the Order structure are ignored when the ChangeOrder method is called.

NOTE: If any of the above fields are left empty, a default value will be assumed, not the previous value associated with the order. For example, if ChangeOrder is invoked with ExitStopLoss field left empty, the Exit Stop Loss value will be reset - it will not have the value as it was before the call.

Sample - PHP: The following code changes an order.

SOAP_SINGLE_ELEMENT_ARRAYS));

$order -> OrderID = "CR82JA01D";
$order -> Price = 8756.24;
$order -> PriceType = "LIMIT";
$order -> ExitTarget = 8765;
$order -> Quantity = 10;
$order -> DurationType = "GTD";
$order -> Duration = date("c", time() + 3600);
$order -> Text = "test order from my script";

$api -> ChangeOrder($order);

?>

Sample - Visual Basic: The following code changes an order.

Dim api As StreamsterApi = New StreamsterApi

Dim o As Order = New Order

o.OrderID = "K82LVC9DR"
o.Price = 8756.24
o.PriceSpecified = True
o.PriceType = "LIMIT"
o.ExitTarget = 8765
o.ExitTargetSpecified = True
o.Quantity = 10
o.QuantitySpecified = True
o.DurationType = "GTD"
o.Duration = DateAdd("d", 1, Now())
o.DurationSpecified = True
o.Text = "test order from my script"

api.ChangeOrder(o)

CancelOrder

CancelOrder cancels an order with a given Order ID. The CancelOrder method has one parameter, an "OrderID" string which specifies the order to be canceled. The CancelOrder method has no return value.

Sample - PHP: The following code cancels an order.

SOAP_SINGLE_ELEMENT_ARRAYS));

$api -> CancelOrder("Z4AEVG7Z0");

?>

Sample - Visual Basic: The following code cancels an order.

Dim api As StreamsterApi = New StreamsterApi

api.CancelOrder("Z4AEVG7Z0")

ChangePosition

ChangePosition changes certain parameters of an open position. The ChangePosition method has one parameter, a "Position" structure, which specifies the ID of the position to be changed and the new parameters of the position.

The following fields in the Position structure are valid and used when calling the ChangePosition method:

PositionID: Contains the ID of the position to be changed
ExitStopLoss: Sets the Exit Stop Loss parameter; when empty, Exit Stop Loss parameter will be reset for the position
ExitTarget: Sets the Exit Target parameter; when empty, Exit Target parameter will be reset for the position
Text: Sets the Text parameter of the position

All other fields in the Position structure are ignored when the ChangePosition method is called.

NOTE: If any of the above fields are left empty, a default value will be assumed, not the previous value associated with the order. For example, if ChangePosition is invoked with ExitStopLoss field left empty, the Exit Stop Loss value will be reset - it will not have the value as it was before the call.

Sample - PHP: The following code changes a position.

SOAP_SINGLE_ELEMENT_ARRAYS));

$position -> PositionID = "B2HN72VL3";
$position -> ExitStopLoss = 3.20;
$position -> ExitTarget = 3.50;
$position -> Text = "hello world";

$api -> ChangePosition($position);

?>

Sample - Visual Basic: The following code changes a position.

Dim api As StreamsterApi = New StreamsterApi

Dim p As Position = New Position

p.PositionID = "B2HN72VL3"
p.ExitStopLoss = 3.20
p.ExitStopLossSpecified = True
p.ExitTarget = 3.50
p.ExitTargetSpecified = True
p.Text = "hello world"

api.ChangePosition(p)

ClosePosition

ClosePosition closes a position with a given Position ID. The ClosePosition method has one parameter, a "PositionID" string which specifies the position to be closed. The ClosePosition method has no return value.

Sample - PHP: The following code closes a position.

SOAP_SINGLE_ELEMENT_ARRAYS));

$api -> ClosePosition("B2HN72VL3");

?>

Sample - Visual Basic: The following code closes a position.

Dim api As StreamsterApi = New StreamsterApi

api.ClosePosition("B2HN72VL3")

API Retrieval Methods - GetPositions

2010-11-14T23:32:00.000+07:00

GetPositions

GetPositions method returns an array of "Position" structures. This array corresponds directly to the Positions window in Streamster. Each Position structure in the returned array contains one position with its associated fields as displayed in Streamster. GetPositions returns an array of Position structures which contain only fields available in Streamster - if you wish to retrieve any fields not currently shown in Streamster's Positions window, you have to add them by clicking the Columns button.

Sample - PHP: The following sample retrieves all positions and lists them.

SOAP_SINGLE_ELEMENT_ARRAYS));

$r = $api -> GetPositions();
if(property_exists($r, "Position")) {
foreach($r -> Position as $n => $PositionInfo) {
echo "\tPosition " . $n . "\n";
foreach($PositionInfo as $field => $value) {
echo "\t\tField: " . $field . " = " . $value . "\n";
}
}
}

?>

Sample - Visual Basic: The following sample retrieves all positions and lists them.

Dim api As StreamsterApi = New StreamsterApi

Dim ap As Position()
Dim p As Position

ap = api.GetPositions()

For Each p In ap
Console.WriteLine("")
Console.WriteLine("Position:")

Console.WriteLine("PositionID: " & p.PositionID)
Console.WriteLine("Desk: " & p.Desk)
Console.WriteLine("Instrument: " & p.Instrument)
Console.WriteLine("Side: " & p.Side)
Console.WriteLine("OpenPrice: " & p.OpenPrice)
Console.WriteLine("Currency: " & p.Currency)
Console.WriteLine("Quantity: " & p.Quantity)
Console.WriteLine("Points: " & p.Points)
Console.WriteLine("Profit: " & p.Profit)
Console.WriteLine("ExitStopLoss: " & p.ExitStopLoss)
Console.WriteLine("ExitTarget: " & p.ExitTarget)
Console.WriteLine("Entered: " & p.Entered)
Console.WriteLine("Exited: " & p.Exited)
Console.WriteLine("Status: " & p.Status)
Console.WriteLine("Text: " & p.Text)
Console.WriteLine("ClosePrice: " & p.ClosePrice)
Console.WriteLine("Interest: " & p.Interest)
Next

GetDesks

GetDesks method returns an array of "Desk" structures. Each Desk structure in the returned array describes one desk on your account, including the name of the desk, the amount available on the desk, and the currency in which this amount is available.

Sample - PHP: The following sample retrieves all desks and lists them.

SOAP_SINGLE_ELEMENT_ARRAYS));

$r = $api -> GetDesks();
if(property_exists($r, "Desk")) {
foreach($r -> Desk as $n => $Desk) {
echo "Name: " . $Desk -> Name;
echo ", Currency: " . $Desk -> Currency;
echo ", Amount: " . $Desk -> Amount;
echo "\n";
}
}

?>

Sample - Visual Basic: The following sample retrieves all desks and lists them.

Dim api As StreamsterApi = New StreamsterApi

Dim ad As Desk()
Dim d As Desk

ad = api.GetDesks()

For Each d In ad
Console.WriteLine("Name: " & d.Name & ", Currency: " & d.Currency &
", Amount: " & d.Amount)
Next

GetBars

GetBars method retrieves an array of bars for a specified instrument and period. Each bar in the returned array of bars contains price at a specific point in time.

NOTE: Only bars from any open Charting windows in Streamster can be retrieved. If you wish to retrieve bars from your script for a specific instrument and period, you have to make sure that this instrument/period is shown in one of Streamster's Charting windows.

The GetBars method has three parameters: instrument, period and a flag for options.

First parameter of the GetBars method is a string that specifies the instrument for which bars will be retrieved. The second parameter, Period, specifies the required period such as "5 Minutes", "15 Minutes", "30 Minutes", "Hourly", "4 Hours", "Daily", "Weekly", or "Monthly". The third parameter is a string that determines the order in which bars are returned: a blank string if bars are to be returned in descending order or a string "f" (as in "flip") for ascending order.

Each bar in the returned array of bars has the following fields: BarDateTime, Open, High, Low, Close and Volume.

Sample - PHP: The following code retrieves 5-minute EUR/USD bars and shows them all.

SOAP_SINGLE_ELEMENT_ARRAYS));

$r = $api -> GetBars("EUR/USD", "5 minutes", "f");

if(property_exists($r, "Bar")) {
foreach($r -> Bar as $n => $Bar) {
echo $Bar -> BarDateTime . " " . $Bar -> Open . " " . $Bar -> High .
" " . $Bar -> Low . " " . $Bar -> Close . "\n";
}
}

?>

Sample - Visual Basic: The following code retrieves 5-minute EUR/USD bars and shows them all.

Dim api As StreamsterApi = New StreamsterApi

Dim ab As Bar()
Dim b As Bar

ab = api.GetBars("EUR/USD", "5 minutes", "")

For Each b In ab
Console.WriteLine(b.BarDateTime & " " & b.Open & " " & b.High &
" " & b.Low & " " & b.Close)
Next

GetLastMessage

GetLastMessage retrieves the last error or warning message displayed in Streamster, if any. The GetLastMessage method returns a blank string if there were no messages after the previous GetLastMessage call.

Sample - PHP: The following code shows the last error or warning message.

SOAP_SINGLE_ELEMENT_ARRAYS));

$r = $api -> GetLastMessage();

if($r != "") {
echo($r);
}

?>

Sample - Visual Basic: The following code shows the last error or warning message.

Dim api As StreamsterApi = New StreamsterApi

Dim s As String

s = api.GetLastMessage()

If s <> "" Then Console.WriteLine(s)

Streamster™ API Retrieval Methods

2010-11-07T23:22:00.000+07:00

GetQuote

GetQuote method returns a "Quote" structure for a given instrument name. The Quote structure contains fields equivalent to columns in Rates windows in Streamster. GetQuote returns only fields available in Streamster - if you wish to retrieve any fields not currently shown in Streamster, you have to add them by clicking the Columns button.

Sample - PHP: The following sample retrieves a quote for EUR/USD, displays the "Last" field and then lists all available fields.

SOAP_SINGLE_ELEMENT_ARRAYS));

$quote = $api -> GetQuote("EUR/USD");

echo $quote -> Last . "\n";

foreach($quote as $field => $value) {
echo $field . " = " . $value . "\n";
}

?>

Sample - Visual Basic: The following sample retrieves a quote for EUR/USD, displays the "Last" field and then displays all other fields.

Dim api As StreamsterApi = New StreamsterApi

Dim q As Quote
q = api.GetQuote("EUR/USD")

Console.WriteLine("Last: " & q.Last)
Console.WriteLine("Bid: " & q.Bid)
Console.WriteLine("Offer: " & q.Offer)
Console.WriteLine("Change: " & q.Change)
Console.WriteLine("High: " & q.High)
Console.WriteLine("Low: " & q.Low)
Console.WriteLine("Open: " & q.Open)
Console.WriteLine("Close: " & q.Close)
Console.WriteLine("Time: " & q.Time)
Console.WriteLine("Currency: " & q.Currency)
Console.WriteLine("Yield: " & q.Yield)
Console.WriteLine("Ask: " & q.Ask)

GetOrders

GetOrders method returns an array of "Order" structures. This array corresponds directly to the Orders window in Streamster. Each Order structure in the returned array contains one order with its associated fields as displayed in Streamster. GetOrders returns an array of Order structures which contain only fields available in Streamster - if you wish to retrieve any fields not currently shown in Streamster's Orders window, you have to add them by clicking the Columns button.

Sample - PHP: The following sample retrieves all orders and lists them.

SOAP_SINGLE_ELEMENT_ARRAYS));

$r = $api -> GetOrders();
if(property_exists($r, "Order")) {
foreach($r -> Order as $n => $OrderInfo) {
echo "\tOrder " . $n . "\n";
foreach($OrderInfo as $field => $value) {
echo "\t\tField: " . $field . " = " . $value . "\n";
}
}
}

?>

Sample - Visual Basic: The following sample retrieves all orders and lists them.

Dim api As StreamsterApi = New StreamsterApi

Dim ao As Order()
Dim o As Order

ao = api.GetOrders()

For Each o In ao
Console.WriteLine("")
Console.WriteLine("Order:")

Console.WriteLine("OrderID: " & o.OrderID)
Console.WriteLine("Desk: " & o.Desk)
Console.WriteLine("Instrument: " & o.Instrument)
Console.WriteLine("Side: " & o.Side)
Console.WriteLine("Phase: " & o.Phase)
Console.WriteLine("PriceType: " & o.PriceType)
Console.WriteLine("Price: " & o.Price)
Console.WriteLine("ActiveQuantity: " & o.ActiveQuantity)
Console.WriteLine("TradedQuantity: " & o.TradedQuantity)
Console.WriteLine("ExitStopLoss: " & o.ExitStopLoss)
Console.WriteLine("ExitTarget: " & o.ExitTarget)
Console.WriteLine("Status: " & o.Status)
Console.WriteLine("PositionID: " & o.PositionID)
Console.WriteLine("Currency: " & o.Currency)
Console.WriteLine("Duration: " & o.Duration)
Console.WriteLine("DurationType: " & o.DurationType)
Console.WriteLine("Quantity: " & o.Quantity)
Console.WriteLine("QuantityType: " & o.QuantityType)
Console.WriteLine("Text: " & o.Text)
Console.WriteLine("Entered: " & o.Entered)
Next

GetTrades

GetTrades method returns an array of "Trade" structures. This array corresponds directly to the Trades window in Streamster. Each Trade structure in the returned array contains one trade with its associated fields as displayed in Streamster. GetTrades returns an array of Trade structures which contain only fields available in Streamster - if you wish to retrieve any fields not currently shown in Streamster's Trades window, you have to add them by clicking the Columns button.

Sample - PHP: The following sample retrieves all trades and lists them.

SOAP_SINGLE_ELEMENT_ARRAYS));

$r = $api -> GetTrades();
if(property_exists($r, "Trade")) {
foreach($r -> Trade as $n => $TradeInfo) {
echo "\tTrade " . $n . "\n";
foreach($TradeInfo as $field => $value) {
echo "\t\tField: " . $field . " = " . $value . "\n";
}
}
}

?>

Sample - Visual Basic: The following sample retrieves all trades and lists them.

Dim api As StreamsterApi = New StreamsterApi

Dim at As Trade()
Dim t As Trade

at = api.GetTrades()

For Each t In at
Console.WriteLine("")
Console.WriteLine("Trade:")

Console.WriteLine("TradeID: " & t.TradeID)
Console.WriteLine("Desk: " & t.Desk)
Console.WriteLine("Instrument: " & t.Instrument)
Console.WriteLine("Side: " & t.Side)
Console.WriteLine("Phase: " & t.Phase)
Console.WriteLine("Price: " & t.Price)
Console.WriteLine("Quantity: " & t.Quantity)
Console.WriteLine("Executed: " & t.Executed)
Console.WriteLine("Status: " & t.Status)
Console.WriteLine("Currency: " & t.Currency)
Console.WriteLine("Text: " & t.Text)
Console.WriteLine("OrderID: " & t.OrderID)
Next

Streamster™ API

2010-11-01T17:29:00.000+07:00

The pages referenced below describe how to use Streamster™ API, which can be used to create applications that interface with Novativa Streamster™. Applications using the Streamster API can retrieve various data from Novativa Streamster, execute and modify orders on the market and perform a variety of related actions.

Introduction to Streamster™ API

Streamster API exposes its functionality via the industry standard SOAP protocol. SOAP is widely supported on practically every programming platform, including PHP, Visual Basic, C#, C++, Java and many other languages and platforms.

To use Streamster API, an application connects to the SOAP service which is built into Novativa Streamster. To enable Streamster API and Streamster's SOAP service, log on to your account and click the Settings button. Under "Advanced", tick the "Enable web service API" box and click OK. Windows Firewall will then ask you to allow Streamster to accept connections on port 8018 - click the "Keep Blocking" button, which will prevent other computers on internet or your network from accessing Streamster API.

Once enabled, Streamster API is ready to service any requests coming from your computer. It is very important to note that requests coming from any computer other than yours will be always rejected, even if you allow Windows Firewall access to port 8018 from internet or any other computer or network. This is to prevent others on internet from accessing Streamster API on your computer and account. Note that there is no option in Streamster allowing circumvention of this protection.

With Streamster API enabled, you can use languages such as PHP and Visual Basic to run samples shown in the remainder of this document, or your own applications. For each Streamster API function you will see samples in PHP and Visual Basic. If you intend to use another language or platform, conversion of the sample code is usually very straightforward.

Using API from PHP

PHP supports SOAP and Streamster API very well. Installing PHP on your computer is simple - download and install the Windows binaries from the PHP.net site. PHP version 5 or later is required. Some PHP versions on Windows do not have SOAP enabled by default - you can enable the SOAP extension by editing the PHP.INI file and uncommenting the extension=php_soap.dll line.

To perform a simple PHP test, create a PHP file named "test.php" and edit it in Windows Notepad. Paste the following code into it:

SOAP_SINGLE_ELEMENT_ARRAYS));

$quote = $api -> GetQuote("EUR/USD");
echo $quote -> Last;

?>

Test the above PHP script by running "php test.php" and it should simply display the last price of EUR/USD.

To test for critical errors (for example, when Streamster is not started at all, when method parameters are invalid, etc), you can use the standard PHP exception handling.

Using API from Visual Basic

Using Streamster API from Visual Basic is simple because it natively supports SOAP web services. There are numerous ways to consume a web service from Visual Basic, but the simplest is to add a "Web Service Reference" to your Visual Basic project. The address of the Streamster API Web Service is http://127.0.0.1:8018/service.wsdl and this is what needs to be specified when adding the web service reference to your Visual Basic project.

Once the reference is added to your project, using Streamster API is as simple as using any other Visual Basic object. For example, try the code below:

Dim api As StreamsterApi = New StreamsterApi
Dim q As Quote = api.GetQuote("EUR/USD")

Console.WriteLine ("Last = " & q.Last)

If your Visual Basic project is a Windows Forms application, you can change the last line to Label1.Text = q.Last or similar.

Depending on your version of Visual Basic, you will need to make sure you add a "Web Service Reference", not a "Service Reference". If you add a "Service Reference", the name of the Streamster API class will be "StreamsterApiClientInterface" instead of just "StreamsterApi" so examples shown in this document would have to be updated accordingly in this case.

After Streamster API web service reference is added to your Visual Basic project, it is also necessary to add Streamster API web service reference to the list of "Imported Namespaces" in your Visual Basic project. This is necessary so that you will not have to prefix each Streamster API type with a web service reference name, which can be tedious.

To find out how to add a web service reference to the list of "Imported Namespaces" in your project, please consult the Visual Basic help system.

Spreads and Market Conditions

2010-10-24T17:06:00.000+07:00

Market Conditions

This page is intended to provide specific details and conditions regarding market instruments available for trading. Due to a constantly changing nature of financial markets, information provided on this page is subject to change at any moment and without prior notice. Portion of the information provided below is updated in real-time.

Price Spreads

Spreads between bid and offer (ask) prices are variable. They depend on current market conditions and can change at any time. Below is the list of standard price spreads on the market instruments available for trading. Current price spreads that are different from the standard ones are shown in brackets.

EUR/USD: 2, USD/JPY: 3, GBP/USD: 4, USD/CHF: 4, USD/CAD: 4, AUD/USD: 4, NZD/USD: 4, EUR/JPY: 4, EUR/GBP: 3, EUR/CHF: 4, GBP/JPY: 8, AUD/JPY: 5, CHF/JPY: 5, GBP/CHF: 8, EUR/CAD: 10, EUR/AUD: 10, AUD/CAD: 10, Constantine: 0.60%, Yangtze: 1.00%, Asiasset: 1.00%, Brasillion: 1.00%, Indiamond: 1.00%, Nippon: 1.00%, Columbus: 1.00%, Eastera: 1.00%, Dow Jones: 475 (19000), Nasdaq 100: 90 (3600), S&P 500: 50 (2000), DAX: 275 (550), FTSE 100: 450 (900), CAC 40: 200 (400), Russell 3000: 35 (1400), Gold: 80, Silver: 55, Platinum: 475 (2375), Palladium: 380 (1900).

Please note that price spreads often unexpectedly change and greatly increase during weekends, in after-hours trading, in case of market-related announcements or market turmoil.

Please check http://www.marketiva.com/index.ncre?page=market-conditions for the current spreads.

Specifics and Facts

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If you want to trade you simply have to know what volatility is, how interest rate changes occur and what do they influence. While you chat with traders they will often use slang to express their thoughts in a shorter form: "market is really thin today...". Please click on the links below to read more about the trading specifics and the language used in the trading world.

Trading Terminology

Traders often chat with one another about a variety of topics related to financial markets, giving their perspectives and discussing trading ideas and current moves on the markets. While communicating with each other they often use slang to express their thoughts in a shorter form. Some of the most popular slang is listed below.

Asset Allocation: Dividing instrument funds among markets to achieve diversification or maximum return.

Bearish: A market view that anticipates lower prices.

Bullish: A market view that anticipates higher prices.

Chartist: An individual who studies graphs and charts of historic data to find trends and predict trend reversals.

Counterparty: The other organization or party with whom trading is being transacted.

Day Trader: Speculator who takes positions in instruments which are liquidated prior to the close of the same trading day.

Economic Indicator: A statistics which indicates economic growth rates and trends such as retail sales and employment.

Exotic: A less broadly traded market instrument.

Fast Market: Rapid movement in a market caused by strong interest by buyers and / or sellers.

Fed: The U.S. Federal Reserve. FDIC membership is compulsory for Federal Reserve members.

GDP: Total value of a country's output, income or expenditure produced within the country's physical borders.

Liquidity: The ability of a market to accept large transactions.

Resistance Level: A price which is likely to result in a rebound but if broken may result in a significant price movement.

Spread: The difference between the bid and ask price of a market instrument.

Support Levels: When a price depreciates or appreciates to a level where analysis suggests that the price will rebound.

Thin Market: A market in which trading volume is low and in which consequently spread is wide and the liquidity is low.

Volatility: A measure of the amount by which an asset price is expected to fluctuate over a given period.

Margin Requirements

Margin requirement is only applicable to margin trading. It allows you to hold a position much larger than your actual account value. Margin requirement or deposit is not a down payment on a purchase. Rather, the margin is a performance bond, or good faith deposit, to ensure against trading losses. Trading platforms often perform automatic pre-trade checks for margin availability and will execute the trade only if you have sufficient margin funds in your account.

In the event that funds in your account fall below margin requirement, most trading systems will automatically close one or more open positions. This prevents your account from ever falling below the available equity even in a highly volatile, fast moving market.

For example, you may be required to have only $1,000 in your account in order to trade position that would normally require $20,000. The $1,000 (5%) is referred to as "margin". This amount is essentially collateral to cover any losses that you might incur. Margin should reflect some rational assessment of potential risk in a position. For example, if a market instrument is very volatile, a higher margin requirement would normally be justified.

Overnight Interest

Overnight interest is only applicable to margin trading. Trading on margin means that a trader borrows money to buy or sell a market instrument using actual account value as collateral. Traders generally use margin to increase their purchasing power so that they can own more market instruments without fully paying for it.

Considering that trading on margin involves borrowing money, trader has to pay interest on the loan. That interest is referred to as Overnight Interest and is generally charged based on number of days a position on margin was held. Most trading systems will charge daily interest portion at the end of each trading session and charge three times more on Monday or on other preset weekday (if market is closed on weekends).

In case of Forex, Overnight Interest is calculated as interest rate differential between interest rates for particular currencies that make the currency pair that is being traded. For example, if a trader wants to sell USD/JPY on margin, he or she will have to pay 4.0% (e.g. U.S. interest rate at 5.0% subtracted by Japanese interest rate at 1.0% makes the interest rate differential) of the amount borrowed per year to hold the position.

Before trading on margin it is highly recommended to get information on exact interest rates charged for borrowing money and how that will affect the total return on investments.

Trading Specifics and Facts

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What is point and position point value?

Point is the smallest change in a market instrument's price. If a price changed from 1.2000 to 1.2001 or from 201.10 to 201.11, it changed for 1 point. Point value depends on your position size.

How do I calculate my profit?

Your profit depends on your position size and difference in prices traded. If you buy a market instrument for 129.38 (quantity of 10000) and later sell it for 129.52, your profit will be (129.52 - 129.38) * 10000 = 1400.

Are there any restrictions on quantity?

You can specify any position size in our trading system, as we don't have strict quantity specifications. For example, you can specify: 1, 3, 7, 23, 154, 837, 3497, 10000, 100000 or any other quantity when you send an entry order.

What is spread?

Spreads between bid and offer (ask) prices are variable. Price spreads often unexpectedly change and greatly increase during weekends, in after-hours trading, in case of market-related announcements or market turmoil.

Trading Fundamentals

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What is long and short position?

Long (buy then sell) position and short (sell then buy) position are: a long position is simply one in which a trader buys a market instrument at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a market instrument in anticipation that it will depreciate. In this scenario, the trader benefits from a declining market.

What is entry limit and stop level?

A limit order is an order to buy below the current price, or sell above the current price. For example, if a market instrument is trading at 1.2952 / 55 and you believe that price is expensive, you could place a limit order to buy at 1.2945. If executed, this will give you a long position at 1.2945, which is 10 points better than if you had just bought the instrument with a market order. A stop order is an order where you buy above the current market price or sell below the current market price, and is used if you are away from your desk and want to catch a trend. If a market instrument is trading at 1.2952 / 55, you could place a stop buy order at 1.2970. In case the market moves up to that price, your order will execute and open a long position. If market continues in the same direction (trend), the position will bring you profit.

What is stop-loss and target level?

A stop-loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against a trader's position. Exit target level is a price level at which you want to close your position, when you reach certain profit. You can set the exit target level when you open your position or at any time while the position is open.

What is GTC, GTD and IOC order?

GTC (Good Till Cancelled) order will stay in the market until you cancel it and it is the default order duration type. GTD (Good Till Date) will stay in the market until a date you specify, and IOC (Immediate Or Cancel) order will be executed immediately (if other order conditions are met) or cancelled.

Rates, Alerts, News and Sounds

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Why current rates change colors?

If a rate changes color to green, it means the rate in that cell just updated and is higher than the previous one. If a rate changes color to red, it means the rate in that cell just updated and is lower than the previous one.

When does the Change column reset?

Each trading day session starts at 17:00 EST / EDT (New York local time) so the Change columns reset at that time.

Why # symbols show up instead of rates?

When there is not enough space for Streamster to show certain value in a cell, # symbols are shown instead. The application does that so if a part of a number is missing you do not see a wrong number. Simply place your mouse on the border of the column heading where the # symbols appear, then click and drag until you see all of the data.

How can I select which instruments I will see?

To subscribe to updates for a chosen market instrument: click button in a price window. Under Subscribe section, click the text field and type in the desired market instrument name. You can also specify a part of a name: for example, typing A will display all market instruments that have letter A in their names. Click button. Within the search results box, double-click the name of any market instrument you wish to subscribe to. The name of the market instrument will appear in the box with active subscriptions. Click to confirm your subscriptions.

How do I interpret market alerts?
Market alerts notify you about a current or future event on the market. Alerts are triggered 5 minutes before the scheduled event is about to take place. There are many different abbreviations used in language that describe alert notifications. These are abbreviations for economic institutions, instruments, businesses, reports, processes, etc. You can find detailed information on these and similar terms and abbreviations at http://www.wikipedia.org/ web site.

Who provides news in the Latest News window?
Marketiva collects news articles from various sources on the internet, extracts summaries and provides links to external web sites where the news articles were originally published.

How to setup sound, voice and visuals?
To setup sound, voice, chat features, and other Streamster settings, please click on the button located at the top of the application window.

Marketiva Account Services

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How can I deposit funds to my account?

There are several deposit options we provide for our clients. Please check payment options page for more information. Digital currency deposits are automated so you see funds in your Marketiva account instantly. Please make sure you follow online deposit procedures until their full completion so these systems correctly provide us with information on your deposits.

Where can I see my account information?

To see your account information, username and account number, you can login to your Account Center page.

Where are my billing transactions?

A detailed summary of your Marketiva billing transactions can be viewed at billing page.

How can I change my contact information?

To change your contact information, please go to the change contact info page.

I forgot my password. What can I do?

If you forgot your password, you can recover it by filling out a password recovery form at recover password page. If you cannot remember some of the information there, you can join our live support channel where we will be able to ask you additional questions about your account, and reset your password.

How can I change my password?

Please go to change password page where you can change your password. For security purposes, we recommend you to change your password once per month.

How can I withdraw my funds?

We provide several methods for clients to withdraw funds. Please see withdraw funds page for more details on these methods. We also allow withdrawals to digital currency accounts that you have previously deposited from. Withdrawal process is never automated, for security purposes, but it usually takes 6 to 24 hours to clear.

Introduction to Marketiva

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What is Marketiva?

Marketiva is a financial services corporation specialized in providing traders with high quality online trading services.

Where and how do I start?

Before you can start trading, you need to open an account with us (it is free) and download our trading platform (Streamster). To open your account, please click here and to download Streamster please visit download page.

Can I test your system first?

We strongly encourage users to practice with virtual money, for at least several weeks, before starting to trade on live trading desks. Each user gets virtual $10000 on account opening and this virtual money can be used for practicing. There is no limitation on how long a user can trade virtual money only.

What if I do not understand legal statements?

Do not become a Marketiva client until you have completely read, understood, and acknowledged the legal information on Marketiva.com web site. If you do not completely understand some of the information, you may consult a competent legal advisor or contact us with specific queries at our contact page.

How much money do I need to start?

We have no requirements for initial deposit. When you open an account you get real $5 reward and virtual $10000 for training. If you want to open an account please click here and fill out the form there.

Can I open two accounts?

Marketiva has very strict one person one account policy. No matter if an account is in good standing or is cancelled or closed, we do not allow same person to hold two different accounts. If our administration system detects there are multiple accounts registered by the same person, such account holders will be required to provide supporting documentation. In case there are severe violations of this policy, Marketiva may block any access to such users. This policy was introduced as a response to many related misuses Marketiva has experienced in the past.

Trading Strategies and Techniques

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How do I manage risk in trading?

The limit order and the stop-loss order are the most common risk management tools in trading. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop-loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against a trader's position.

Controlling Risk

Controlling risk is one of the most important ingredients of successful trading. While it is emotionally more appealing to focus on the upside of trading, every trader should know precisely how much he or she is willing to lose on each trade before cutting losses, and how much he or she is willing to lose in trading account before ceasing trading and re-evaluating.

Risk will essentially be controlled in two ways: by exiting losing trades before losses exceed your pre-determined maximum tolerance (or "cutting losses"), and by limiting the "leverage" or position size you trade for a given account size.

What kind of strategy should I use?

Traders make decisions using business reports, economic fundamentals, technical factors and other relevant information. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, business reports, government-issued indicators and reports, and even rumors. The most dramatic price movements, however, occur when unexpected events happen. The event can range from a central bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectation of an event that drives the market rather than the event itself.

How long are positions maintained?

As a general rule, a position is kept open until one of the following occurs: 1) realization of sufficient profits from a position; 2) the specified stop-loss is triggered; 3) another position that has a better potential appears and you need these funds.

Working with Streamster™

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Working with Streamster is easy. You just need to learn few basics and you are ready to go.

Creating a new alert

To create a new alert:

Within the Alerts window, click New.
Click Next, and then select the strategy to use with the newly created alert. Click Next.
Select the conditions for the alert: double-click each parameter, enter the desired value for the parameter and click OK. Click Next when all necessary parameters are set.
Type in the name of the alert and select the alert priority. Click Next.
Click Finish to create the alert.

Modifying alerts

To modify an alert:

Within the Alerts window, click Subscriptions.
Double-click the alert you wish to modify.
Use the General and Strategy windows to modify the alert.
Click OK.
Click OK to confirm changes to any modified alerts.

Deleting alerts

To delete an alert:

Within the Alerts window, click Subscriptions.
Click the alert you wish to delete.
Click the Remove button and confirm the removal.
Click OK.

Managing market instrument subscriptions

Streamster allows you to monitor any number of market instruments at once and choose the information you wish to see for each of the market instruments.

Subscribing to market instruments

To subscribe to updates for a chosen market instrument:

Click Subscriptions in a price window.
Under Subscribe, click the text field and type in the desired market instrument name. You can also specify a part of a name: for example, typing ABC will display any market instruments with ABC in its name.
Click Search.
Within the Search Results box, double-click the name of any market instrument you wish to subscribe to. The name of the market instrument will appear under Active Subscriptions box.
Click OK to confirm your subscriptions.

Removing market instrument subscriptions

To unsubscribe from updates for a market instrument:

Click Subscriptions in a price window.
Under Active Subscriptions, click the market instrument you wish to unsubscribe from, and click Remove.
Click OK to confirm your subscriptions.

Selecting market update filters

Streamster allows you to select which columns you wish to see for market instruments you are subscribed to.

To choose columns to be displayed in a price window:

Click Columns in a price window.
Check or uncheck the box next to the column name. It is also possible to change the order in which columns are shown by using the Move Up and Move Down buttons.
Click OK.

Joining and leaving discussion groups

By default, you are subscribed to a number of discussion groups. However, you might want to leave or join specific groups depending on your interests.

To leave or join a discussion group:

Click Groups in the Discussions window.
Check or uncheck the box next to the group name, depending on whether you wand to join or leave the group.
Click OK.

Selecting news categories

Streamster displays the incoming news stories in the News window depending on your selection of news categories of interest.

To narrow down a set of news categories you are interested in:

Click Categories within the Latest News window.
Check or uncheck the box next to the name of the desired news category.
Click OK to confirm the selection.

Getting started with Streamster

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Streamster basics, download and installation

Novativa Streamster™ is the proprietary software utilized by Marketiva to deliver financial information and trading services to its clients. Streamster was designed and developed by Novativa Corporation.

Streamster can be used on Windows 98, Me, 2000, XP and Vista. Please check the download section for a detailed information as the list of operating systems changes. All of the information and service provided by Marketiva is delivered via Streamster software that can be downloaded from:

Download Streamster

In order to install Streamster, you need to double click on the executable downloaded from the link above and follow an easy to use installation wizard. Streamster icon will then be placed on your desktop, which you can double-click to launch this program.

Connecting to the Streamster Server

To use Streamster, you must be connected to the Internet. You can use either a dial-up connection with a phone-based modem, a broadband connection such as DSL or cable modem, or a LAN (local area network) with Internet access. Streamster is capable of connecting to the Streamster Server whenever there is an Internet connection present. If your Internet Explorer works properly, Streamster should work as well.

To connect to the Streamster Server:

Double-click the Streamster icon on your desktop or start menu.
Type in your user name.
Type in the password.
Click Connect.

Upon connecting, Streamster will take between 5 and 60 seconds to download the start-up data.

Understanding security

Streamster uses industry-standard 128-bit SSL (secure sockets layer) to encrypt the communication between you and the Streamster Server. Streamster protects your privacy by encrypting any and all data received and sent between Streamster and the Streamster Server, and by verifying the identity of the Streamster Server prior to any communication.

Troubleshooting connectivity

Because Streamster uses SSL (secure sockets layer) to communicate with Streamster Server, it is necessary that your Internet connection supports SSL. If you are using a dial-up or a broadband connection, you will be able to use SSL. However, if your computer is behind a company firewall, it might be possible that network administrators have disabled SSL. If you are unable to connect to the Streamster Server, please ask your network administrators to enable SSL by allowing TCP communication on port 443.

Streamster will work with a proxy server if your Internet Explorer is configured to use one. To check or configure your proxy settings, please open Internet Explorer, select Internet Options from the Tools menu and then click Connections.

Common connection errors in Streamster

Error: Please check your network connection and server address, and try again. (0x80342af9).

This error message is usually seen if the user has installed a download accelerator or a newer version of Norton Antivirus application on his computer. To resolve this issue and enable connection to the Streamster server, simply disable the download accelerator application before connecting to the Streamster server.

IMPORTANT: This or similar error messages can also be seen if the user is sitting behind a personal or corporate firewall that does not let communication on SSL port (number 443). Please contact your security administrator, as this port should normally be open for outbound traffic.

Error: Server security certificate is invalid or expired.

This error message is usually seen if the system date and time are not correctly set (due to BIOS upgrade or battery failure) on your computer. To resolve this issue and enable connection to the Streamster server, simply update your system date and time.

Special Windows 98 requirements

Microsoft Windows 98 is an older operating system that does not support a high level of encryption and related services by default. You will need to download and install the so-called "Active Directory Client" (dsclient.exe). This program adds necessary components to Windows 98 installation and can be downloaded from many web sites, including:

Download Active Directory Client

After downloading this file, please run and install it and proceed with the installation of the software as usual.

Marketiva Chat Channels

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How do I join a chat channel?

If you wish to see all the discussion groups in Streamster, please click the button located at the top of the [Discussions] window.

Why chat flashes and how to save or clear content?
When channel name flashes, it means there is a new and unseen chat content in that chat channel. If you want to save text from a chat channel, simply click on the button and browse to a location where you want to save a log file. If you want to clear text from a chat channel, simply click on the button and the chat content will be deleted.

How to setup Chinese and Arabic letters?
If you want to see Chinese and Arabic letters in the chat instead or replacement squares, you need to open [Control Panel] and go to the [Regional and Language Options]. Select [Languages] tab and click on [Install files for East-Asian languages].

Are there limitations in chat I should be aware of?
Please note that typing in all uppercase letters, repeating question or exclamation marks is considered yelling in chat and is disruptive to the normal flow of chat. We do not allow chat participants to advertise products or services, or to ridicule services provided by us or other companies. Internet links pointing to external sites are allowed only if they have strictly educational purposes. No personal contact information, including e-mail addresses and instant messaging handles, are allowed to be sent in the chat channels. Anyone cursing or swearing will not be tolerated. All problems and issues will be addressed in a civil manner on our support channel.

Marketiva Trading Platform Basics

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Where can I see your software?

Please visit our slideshow at slide page to preview our software platform.

Can I trade through your web site?

In order to trade at Marketiva you have to download and install the Streamster application. There are no other ways to trade. To get the Streamster, please go to download page.

Where can I download the Streamster?

Streamster is an application you need to download and install on your computer in order to use our services. When you download it from download page, you need to install the application on your local computer and run it to access our services.

What Operating System do I need?

We currently directly support Windows 98 / Me / 2000 / XP / Vista / 7. There is a development version that can work through Wine simulator on Linux and some other Unix operating systems, but we do not have a release version at this moment. If you have Mac OS, you may use PC simulator.

How secure is your software?

Streamster uses industry-standard 128-bit SSL (Secure Sockets Layer) to encrypt the communication between you and the Streamster Server. Streamster protects your privacy by encrypting any and all data received and sent between Streamster and the Streamster Server, and by verifying the identity of the Streamster Server prior to any communication.

Where can I find more help on your platform?

To read more details about Streamster, please go to streamster help page.

Download Help

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Most problems when downloading files are caused by incomplete or corrupted downloads. There are a number of reasons why this might occur. These can include but are not limited to: problems with your Internet connection, problems with your computer, peak traffic on the server, or a damaged file on the server.

Problems with Your Internet Connection

If you have access to second computer with an Internet connection, try your download there. If you can download to second computer successfully, the first may have a problem with its Internet connection. While the download is in progress, try not to use the computer for any other purpose, as another application's demands on your computers processor might result in this sort of problems.

Problems with Your Computer

If you have consistent problems with downloading files from the Internet, you may be having a problem with your computer. As a file is downloaded, it is written to your computer's hard disk. If there is a disk problem, the file may not be written properly. Try running a disk utility to check for errors. If any are found, they should be corrected before downloading any files. Also check your computer for viruses as these can affect its operation.

Peak Traffic on the Server

The Marketiva.com site receives a lot of heavy traffic daily. The number of visitors soars whenever we place a new product or an upgrade for download. During these peak traffic periods, some of our customers have a difficult time downloading. We will try to accommodate extra traffic, and will offer alternative download sites. If high traffic is the cause of the download problems, your only option is to try one of the alternate download sites, or to wait for an off-peak time to download.

Damaged File on the Server

We verify our files when we post them to make sure that they are valid. That said, it is possible that a file posted on one of our servers can be damaged. If you have downloaded the same file to several different computers and the resulting download is damaged, you should report it to us so we can correct the problem.

Customizing Streamster™

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Streamster allows you to customize it in many ways. You are able to setup sounds, voice and visual notifications, resize and relocate windows, change the way Streamster minimizes and much more.

Setting up sound, voice and visual notifications

Streamster can trigger an audio or visual notification for an alert or a news story. If an alert or news item is of low importance, no notification will be generated. Alerts or news items of normal importance generate a sound.

To disable the sound notifications:

Click the Settings button.
Disable the box next to the Beep when a news item or alert is received.
Click OK to confirm.

Alerts or news items of high priority are pronounced by using the currently active text-to-speech engine (if available).

To disable the speech notifications:

Click the Settings button.
Disable the box next to the Pronounce high-priority news and alerts.
Click OK to confirm.

To configure the default voice in which the speech notifications are played back, please consult Windows Help.

Resizing windows in Streamster

In order to resize a window within the Streamster, you need to click and drag the border of the particular window you want to resize. Windows can be resized horizontally and vertically.

Relocating and splitting windows

Streamster allows you to completely change placement and order of its windows. If you click on a window tab (without releasing mouse button) and drag it to a section of an existing window, that window will split into two new windows. You can do the same but in opposite direction: merge all windows into one.

Changing the way Streamster shows in taskbar

You are able to choose which way you want Streamster to behave when minimized. By default, Streamster minimizes to your taskbar, but if you check "Show icon in the taskbar when Streamster is minimized" in the Settings dialog on the Advanced tab, Streamster will minimize to the system tray.

Using descriptive names for Charting tabs

By default, names of Charting tabs are non-descriptive and additional charts contain respective order numbers only. In order to see tabs with instrument and chart range shown in Charting tabs, you need to do the following:

Click the Settings button.
Enable the box next to the Use descriptive names for Charting tabs.
Click OK to confirm.

Using Charting Application

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Chart is a graphical representation of movements of the instrument's price in time.

The Streamster charting application allows you to analyze past behavior of certain instruments, which can significantly help in making trading decisions.

Reading a chart

In the top-right corner of the Charting window stands the Market Instrument ID and the Timescale. The x-axis refers to the date and time while the y-axis refers to the selected instrument price. Movement of the instrument's price can be displayed in various forms, like curve, bar chart and candlestick that spread left-to-right of the window.

Changing a style of a chart

To change the form how the instrument's price is displayed:
Right-click within the Charting window
On context menu click Style
Select one the offered styles, i.e. candle stick

Changing an instrument

To change the instrument displayed:

Right-click within the Charting window
On context menu click Instrument
Select one the offered instruments

Changing a range on the chart

Range displayed on the Charting window can be changed in two ways:

Changing the time interval displayed:

Right-click within the Charting window
On context menu click Timescale
Select one the offered intervals

Using the zoom:

Right-click within the Charting window
On context menu click Zoom
Select one the offered percentages

Working with "My Charts"

If you are using specific Instrument, Timescale etc. with specific indicators more often than others, Streamster may save your time to adjust the Charting windows to suit your needs.

Adding new chart layout

To add a new chart layout:

Choose Instrument, Timescale, Zoom, Style and Indicators
Right-click within the Charting window
On context menu click Save Chart...
Add name for the chart
Click OK

Choosing an existing chart

To choose a chart that was previously saved:

Right-click within the Charting window
On context menu click My Charts
Choose one of the existing chart layouts

Organizing "My Charts"

To organize existing charts:

Right-click within the Charting window
On context menu click My Charts
Click Organize...
You are able to Delete and / or Rename any of existing charts
When finished, click Close

Working with indicators

Streamster is offering a number of indicators to rise your trading to a higher level. You could easily combine indicators based on different mathematical models to get the best trading results.

Adding a new indicator

To add a new indicator on a Chart:

Right-click within the Charting window
On context menu click Indicators
Click on one of the indicators offered
On the left of the Charting window you are offered to change default settings for added indicator, link to find out more about it and to remove it immediately
Place cursor within the Charting window and click or wait for few seconds for Settings pane to hide.

Removing an indicator

To remove an indicator:

Click on the curve of the indicator you wish to remove
Settings pane opens on the left of the Charting window
Click Remove this indicator

Removing all indicators

To remove all indicators from a Chart:

Right-click within the Charting window
On context menu click Indicators then Remove Active Indicators

Editing settings of an indicator

To edit an indicator:

Click on the curve of the indicator you wish to edit
Settings pane opens on the left of the Charting window
Edit colors, periods etc. of an indicator
Place cursor within the Charting window and click or wait for few seconds for Settings pane to hide

Showing and hiding open positions

Streamster offers possibility to visually monitor OPEN positions. The positions are represented as a light square (yellow: LONG; blue: SHORT) on the chart. Clicking on the square displays a menu to Change... or Close... selected position.

To show or hide OPEN positions on a Chart:

Right-click within the Charting window
On context menu click Show positions

Working with Orders, Trades, Positions and Portfolio

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Streamster™ provides powerful and easy-to-use tools for trading and detailed view of your portfolio and all past trading actions. All trading options are accessed from the Orders, Trades, Positions, Portfolio and Charting windows in the Streamster.

Orders

The Orders window is used for placing and organizing orders. You are offered to work with Market, Limit and Stop orders, depending on when you want its life on the market to begin.

Placing a new order

To place a new order:

Click on the New button within the Orders window
You are able to enter or change parameters of the order: Price, Price Type, Duration Type (Duration), Quantity, Quantity Type, Exit Stop-Loss, Exit Target and Text
Click OK

The order will be placed in the Orders window with status ACTIVE if it waits to be executed, and with status EXECUTED if it is executed immediately.

Editing an order

To edit an order, it must have the status ACTIVE:

Within the Orders window click on the row of the order you wish to edit
Click on Change...
You are able to enter or change parameters: Price, Price Type, Duration Type (Duration), Quantity, Quantity Type, Exit Stop-Loss, Exit Target and Text
Click OK

Viewing and reordering columns

Streamster allows you to add, remove and reorder columns in the Orders window to suit your needs:

Click on the Columns button within the Orders window
Select the columns you wish to see and use Move Up and Move Down buttons to move columns left and right in the Orders window, respectively
Click OK

Canceling orders

To cancel one order, it must have the status ACTIVE:

Within the Orders window click on the row of the order you wish to cancel
Click on Cancel...
Click Yes

To cancel orders that have status ACTIVE, click on the Cancel All button in the Orders window. You will be asked to cancel Buy, Sell or All orders. Make your choice and click OK. Orders you choose to cancel, if active, receive status CANCELLED.

Clearing Orders window

To remove all EXECUTED and CANCELLED orders from the Orders window click on Clear button within the Orders window.

Trades

The Trades window gives you a complete view on trading actions you preformed. You can customize view on the window to achieve the best ground for analysis of your past trades.

Viewing and reordering columns

Streamster allows you to add, remove and reorder columns in the Trades window to suit your needs:

Click on the Columns button within the Trades window
Select the columns you wish to see and use Move Up and Move Down buttons to move columns left and right in the Trades window, respectively
Click OK

Clearing Trades window

To remove all CONFIRMED trades from the Trades window click on Clear button in the Trades window.

Positions

When you want to open a position you need to place an "entry" order. If and when the entry order executes, the position becomes OPEN and starts its life on the market. For a previously opened position an instruction to close it may be entered at any moment.

Editing a position

To edit a position, it must have the status OPENED:

Within the Positions window click on the row of the position you wish to edit
Click on Change... button
You are able to enter or change parameters: Exit Stop-Loss, Exit Target and text written in the Text column
Click OK

View and reorder columns

Streamster allows you to add, remove and reorder columns in the Positions window to suit your needs:

Click on the Columns button within the Positions window
Select the columns you wish to see and use Move Up and Move Down buttons to move columns left and right in the Positions window, respectively
Click OK

Closing a position

To close an OPEN position:

Within the Positions window click on the row of the position you wish to close
Click on Close... button
The position will be set to status CLOSED

Closing multiple positions

To close multiple positions:

Click on Close in the Positions window
You can chose to close All, Short or Long positions

Removing closed positions

To remove all CLOSED positions from the Positions window click on the Clear button.

Portfolio

The Portfolio window displays your current Cash and Market Instrument positions for live and virtual trading desks.

Trading Techniques

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Experienced traders will often say "trend is your friend" or "do not overtrade". What does it mean? The links below will lead you to pages where you can read more about basic trading guidelines, general information about the technical and fundamental analysis, and some simple ideas about risk management. These are just basics - you will need to read much more related literature to become a successful trader.

General Trading Guidelines

Plan your trade and trade your plan: You must have a trading plan to succeed. A trading plan should consist of a position, why you enter, stop loss point, profit taking level, plus a sound money management strategy. A good plan will remove all the emotions from your trades.

The trend is your friend: Do not buck the trend. When the market is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend.

Focus on capital preservation: This is the most important step that you must take when you deal with your trading capital. You main goal is to preserve the capital. Do not trade more than 10% of your deposit in a single trade. For example, if your total deposit is $10,000, every trade should limit to $1000. If you don't do this, you'll be out of the market very soon.

Know when to cut loss: If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that the price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when the trade turns sour. It depends on your risk profile as of how much you should set for the stop loss.

Take profit when the trade is good: Before entering a trade decide how much profit you are willing to take. When a trade turns out to be good, take the profit. You can take profit all at one go, or take profit in stages. When you've recovered your trading cost, you have nothing to lose. Sit tight and watch the profit run.

Be emotionless: Two biggest emotions in trading: greed and fear. Do not let greed and fear influence your trade. Trading is a mechanical process and it's not for the emotional ones. As Dr. Alexander Elder said in his book "Trading For A Living", if you sit next to a successful trader and observe him or her, you might not be able to tell whether he or she is making or losing money. That's how emotionally stable a successful trader is.

Do not trade based on tips from other people: Trade only when you have done your own research. Be an informed trader.

Keep a trading journal: When you buy a market instrument, write down the reasons why you buy, and your feelings at that time. You do the same when you sell. Analyze and write down the mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.

When in doubt, stay out: When you have doubt and not sure where the market is going, stay on the sideline. Sometimes, doing nothing is the best thing to do.

Do not overtrade: Ideally you should have 3-5 positions at a time. No more than that. If you have too many positions, you tend to be out of control and make emotional decisions when there is a change in market. Do not trade for the sake of trading.

Technical Analysis

Technical analysis differs from fundamental analysis in that technical analysis is applied only to the price action of the market, ignoring fundamental factors. As fundamental data can often provide only a long-term or "delayed" forecast of market price movements, technical analysis has become the primary tool with which to successfully trade shorter-term price movements, and to set stop loss and profit targets.

Technical analysis consists primarily of a variety of technical studies, each of which can be interpreted to generate buy and sell decisions or to predict market direction.

Support and Resistance Levels

One use of technical analysis, apart from technical studies, is in deriving "support" and "resistance" levels. The concept here is that the market will tend to trade above its support levels and trade below its resistance levels. If a support or resistance level is broken, the market is then expected to follow through in that direction. These levels are determined by analyzing the chart and assessing where the market has encountered unbroken support or resistance in the past.

Popular Technical Analysis Tools

Moving Averages (MA): Indicators used to smooth price fluctuations and identify trends. The most basic type of moving average, the simple moving average, is the average of the past x bars ending with the current bar;

Moving Average Convergence Divergence (MACD): Indicator that utilizes moving averages to identify possible trends and an oscillator to determine when a trend is overbought or oversold;

Bollinger Bands: Bands that are placed x moving average standard deviations above and below a simple MA line;

Fibonacci Retracement Levels: Indicator used to identify potential levels of support and resistance;

Directional Movement Index (DMI): A positive line (+DI) measuring buying and a negative line (-DI) measuring selling pressure;

Relative Strength Index (RSI): Momentum oscillator that is plotted on a vertical scale from 0 to 100;

Stochastics: Momentum oscillator that measure momentum by comparing the recent close to the absolute price range (high of the range minus the low of the range) over a period of x bars;

Trendlines: Straight line on a chart that connects consecutive tops or consecutive bottoms of prices and is utilized to identify levels of support and resistance;

Fundamental Analysis

Fundamental analysis is the evaluation of non-visual information to evaluate trading activity and make trading decisions. Whereas technical analysts utilize charts and mathematical indicators to quantify price activity, fundamental analysts utilize market news and market forecasts to qualify price activity.

There are numerous market events that move financial markets every week. Some affect every market instrument while others affect specific instruments. If the outcome of a market event has been fully discounted by the market, traders will not notice any discernible impact on their charts. If the outcome of a market event has not been fully discounted by the market, the result is either price appreciation or price depreciation and traders will see this activity on their charts.

Every week, there are fundamentally-important market events that are scheduled in every country at specific times. Similarly, there are fundamentally-important market events that may not be scheduled for specific times. Some countries (Germany, for instance) often do not schedule market events for specific times. The outcome of market events is sometimes leaked in advance in certain countries (Germany, for instance) for different reasons.

Market events include the release of economic data, speeches and testimony by government officials, interest rate decisions, and others.

Controlling Risk

Cutting Losses

Too often, the beginning trader will be overly concerned about incurring losing trades. Trader therefore lets losses mount, with the "hope" that the market will turn around and the loss will turn into a gain.

Almost all successful trading strategies include a disciplined procedure for cutting losses. When a trader is down on a position, many emotions often come into play, making it difficult to cut losses at the right level. The best practice is to decide where losses will be cut before a trade is even initiated. This will assure the trader of the maximum amount he or she can expect to lose on the trade.

The other key element of risk control is overall account risk. In other words, a trader should know before start of trading endeavor how much of trading account he or she is willing to lose before ceasing trading and re-evaluating strategy. If you open an account with $2,000, are you willing to lose all $2,000? $1,000? As with risk control on individual trades, the most important discipline is to decide on a level and stick with it. Further information on the mechanics of limiting risk can be found in trading literature.

Introduction to Markets

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Buying and Selling
Financial market is a mechanism that allows people to easily buy and sell (trade) market instruments at low transaction costs and at prices that reflect efficient markets. Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity.

If you believe value of a market instrument is going to increase, then you would buy the instrument and at one point in the future you would sell it for a higher price. This is the basic motivation for trading on financial markets.

Orders and Positions
When you want to open a position you need to place an "entry" order. If and when the entry order executes, the position becomes "open" and starts its life on the market. At some point in the future, you will place an "exit" order to "close" the position. A position can be "long" (entry order is to buy and exit order is to sell an instrument) or "short" (entry order is to sell and exit order is to buy an instrument).

At the point when you place your entry order, you need to define price level at which you want to buy or sell certain instrument. You also need to specify type of the order and quantity of the instrument you want to trade. There are 3 order types:

Market Order
Placing a market order means that you will buy at the current "ask" (or "offer") price, or sell at the current "bid" price, whatever that price currently is. For example, suppose you are buying a market instrument and its current market price is 129.34 / 129.38. This means a participant in the market is willing to buy the instrument from you at 129.34 and / or sell it to you at 129.38.

Stop Order
Initiating a trade with a stop order means that you will only open a position if the market moves in the direction you are anticipating. For example, if an instrument is trading at 129.34 / 129.38 and you believe it will move higher, you could place a stop order to buy at 129.48. This means that the order will only be executed if ask price in the market moves up to 129.48. The advantage is that if you are wrong and the market moves straight down, you will not have bought (because 129.48 will never have been reached). The disadvantage is that 129.48 is clearly a less attractive rate at which to buy than 129.38. Opening a position with a stop order is usually appropriate if you wish to trade only with strong market momentum in a particular direction.

Limit Order
A limit order is an order to buy below the current price, or sell above the current price. For example, if an instrument is trading at 129.34 / 129.38 and you believe the market will rise, you could place a limit order to buy at 129.28. If executed, this will give you a long position at 129.28, which is 10 pips better than if you had just used a market order. The disadvantage of the limit order is that if the instrument moves straight up from 129.34 / 129.38 your limit at 129.28 will never be filled and you will miss out on the profit opportunity even though your view on the direction was correct. Opening a position with a limit order is usually appropriate if you believe that the market will remain in a range before moving in your anticipated direction, allowing the order to be filled first.

For both entry and exit orders you can specify price levels at which you want them to be executed. You have to specify entry levels when you place you entry order, while most trading systems would allow you to specify exit levels at any time.

Calculating Profit
The objective of trading is to buy a market instrument and later sell the same market instrument for a higher price. In case of margin trading, trader can also sell a market instrument first and later buy the same market instrument for a lower price. Either way, trader has to close position in order to lock in the profit.

Let us assume that you open a long position by buying a market instrument for 129.38 (quantity of 10000) and few hours after that, you close the position by selling it for 129.52 (same quantity of 10000). These two trades would bring you profit of (129.52 - 129.38) * 10000 = 1400.

We can also say that these two trades would bring you 14 "points" profit. A "point" is the smallest increment in an instrument's price. For the instrument in the above example, one point is 0.01 and for an instrument denominated with 4 decimals, one point would be 0.0001. Expressing position profits in points is often very useful for quick calculations and estimates.

One point, from the example position above, would bring you 0.01 * 10000 = 100 profit, denominated in the same currency the market instrument is denominated in.

In case of Forex, currency pair denomination will be in the counter currency (JPY is the counter or quote currency in the USD/JPY pair) and you may need additional currency conversion to get profit calculated in the currency your trading account is denominated in.

What Is Marketiva?

2010-06-13T14:18:00.000+07:00

What is Marketiva?

With more than 800,000 serviced users, 500,000 unique and live trading accounts, and more than 3.8 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world providing Forex, Indexes and Commodities trading services.

May I open a test account and try the system first?

Because live and virtual trading desks co-exist within one Marketiva account, you may try our system with a regular account and later use the same account for live trading. In any case, you can open your Marketiva account for free!

How much money do I need to start trading forex right now?

General Forex Information

2010-06-03T16:46:00.000+07:00

What do I need to do in trading?

Your goal in trading is to buy at a lower price and sell afterwards for a higher price. For example you can buy a market instrument (quantity of 10000) for 1.2349 and sell it later for 1.2458. You will make a profit of 109 (in currency the instrument is denominated in).

What can I trade on the market?

Marketiva provides spot forex trading services in the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/JPY, EUR/GBP, EUR/CHF, GBP/JPY, AUD/JPY, CHF/JPY, GBP/CHF, EUR/CAD, EUR/AUD, AUD/CAD. There may be other instruments added in the future.

When is the market open for trading?

You can trade from Sunday 17:00 to Friday 17:00 New York local time. Virtual trading is open at all times. The following approximate market schedule is based on New York local time: Japan markets open at 19:00 followed by Singapore and Hong Kong that open at 21:00. European markets open in Frankfurt at 2:00, while London opens an hour later. New York markets open at 8:00 (NYSE opens at 9:00). European markets close at 12:00 and Australian markets start again at 18:00.

Is there an easy way to start trading?

Marketiva Payment Policy

2009-12-20T00:00:00.000+07:00

When you open a new account, Marketiva creates a corresponding billing table that will contain each and every transaction performed on the account. You can review the billing table by logging on the Account Center and selecting the Billing option. When you make your first deposit to the account it will be the first transaction recorded in the billing table.

Marketiva allows you to make a deposit to your account in any amount you choose. Both your subscription charges and trading charges will be applied against the funds deposited to your account. For certain payment methods, as credit card payment, Marketiva allows you to specify auto-recurrent payment procedure so the subscription-related payments will be automatically charged to you.

Once you start receiving Marketiva's services you have previously subscribed to or you start trading activity, the subscription and trading charges will be subtracted from your account balance and corresponding transactions will be recorded in the billing table. The services provided by Marketiva will be delivered to you through a client application you can download from Marketiva.com. The subscription and trading billing process will be performed by a subscription server at Marketiva.

SUBSCRIPTIONS, CANCELLATIONS AND REFUNDS

During the account opening process Marketiva asks you to select a user template. Each template listed contains certain subscription package in itself. When you select a template and create your new account the subscriptions contained in the template will be copied to your new account.

In addition to this initial subscription process, you are able to change your subscriptions once you logon to the subscription server using the client application. The client application allows you to subscribe to and unsubscribe from any Marketiva's service. If you want to close your account and cancel all your subscriptions you need to logon to the Account Center and go to the Support section where you can request your account to be closed.

Once your account has been charged for subscription to a Marketiva service, your payment for the then-current term of the subscription is non-refundable, and the subscription will auto-renew until you decide to cancel the subscription or until there is no more funds available on your account. If you cancel, your subscription will remain active until the end of the then-current term of your subscription, but your subscription will not auto-renew at the end of that time period.

FUNDS WITHDRAWAL PROCEDURES

You can withdraw a portion or all of funds remaining on your account at any time. Depending on the type of withdrawal, you might be charged a withdrawal fee. Please consult our price list for more details. If you choose to withdraw funds from your account you need to logon to the Account Center at Marketiva.com and go to the Services section where you can request funds withdrawal. You need to select a withdrawal method and specify necessary information regarding the withdrawal transaction. As soon as Marketiva verifies the data specified a withdrawal transaction will be initiated.

Marketiva Personal Mobile Terminal

2009-12-13T23:57:00.000+07:00

How do I get started?

To start using Marketiva Personal Mobile Terminal, you need to download Marketiva Personal Mobile Terminal Server, install it on your personal computer, and download Marketiva Personal Mobile Terminal, install it on your mobile device first. Then run them in this order: 1: run Streamster, 2: run Marketiva Personal Mobile Terminal Server and start the server from Start > All Programs > Marketiva Trading Tool > Personal Mobile Terminal > Marketiva PMT, 3: run Marketiva Personal Mobile Terminal on your mobile, specify necessary parameters and click on Sign In button to start trading.

What is Marketiva Personal Mobile Terminal Server?

Marketiva Personal Mobile Terminal Server is the server providing services to Marketiva Personal Mobile Terminal running on your mobile device, you have to run it on your personal computer and make sure your personal computer is connected to internet and be accessible from internet when you are using Marketiva Personal Mobile Terminal.

What is Marketiva Personal Mobile Terminal?

Marketiva Personal Mobile Terminal is an installer for Pocket PC 2003 SE / Windows Mobile 5.0 Pocket PC or above / Smartphone with Windows Mobile 5.0 or above, for install directly onto your mobile device. After you install it, you can run and check your positions and orders, and monitor prices through your mobile device.

What is the initial password?

Initial password is empty. Please note that the password is not your Marketiva account password.

What is the server address when I access from my mobile device?

The server address is your personal computer's public IP address that the Marketiva Personal Mobile Terminal Server runs on. For example, if the public IP address is 200.200.200.200, the server address will be 200.200.200.200.

What port number does Mobile Server use?

Mobile Server provides service through port 9060, please make sure this port is accessible.

Do I need to specify port number on Mobile Terminal login window?

No, you do not need to do so. In Server text box on Mobile Terminal login window, only the server IP address is needed.

Can I use it to trade without running Streamster?

No, sorry, Personal Mobile Terminal Server works through the Streamster web service API and Streamster has to be running when you are using the Personal Mobile Terminal.

How do I set a password?

You can set a password by going to Marketiva Personal Mobile Terminal Server menu File > Set Password.

Marketiva Tools

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Download Marketiva Tools

To download the trading tools, please click on any of the links below, choose the "Save" option in your browser, and save the file to your local computer. If you prefer to start the installation process right away, please click on any of the links below and choose the "Open" option in your browser.

Marketiva Personal Web Terminal

Personal Web Terminal is a trading tool that consists of a light web server and a web site that lets you check your positions and orders, and monitor prices through a browser.

NOTE: Streamster has to be running and the Web Service API has to be enabled while you use Marketiva Personal Web Terminal trading tool. It is necessary to subscribe to all columns for orders and positions.

Download Marketiva Personal Web Terminal (1.0.4)

Marketiva Personal Mobile Terminal

Personal Mobile Terminal is a trading tool that consists of a Personal Mobile Terminal Server running on personal computer with Streamster and a Mobile Terminal running on mobile operating system, this trading tool lets you check your positions and orders, and monitor prices through a mobile device.

NOTE: Streamster has to be running and the Web Service API has to be enabled while you use Marketiva.

Personal Mobile Terminal trading tool. It is necessary to subscribe to all columns for orders and positions.
Download Marketiva Personal Mobile Terminal Server (1.0.1) for Windows 2000 / XP / Vista / 7
Download Marketiva Personal Mobile Terminal (1.0.1) for Pocket PC 2003 SE / Windows Mobile 5.0 Pocket PC or above
Download Marketiva Personal Mobile Terminal (1.0.0) for Smartphone with Windows Mobile 5.0 or above

If you have any question regarding the Marketiva Tools, please see the Tools FAQ at Tools FAQ page. See more information at Marketiva Tools page.

Anti-Money Laundering Policy

2009-12-01T23:45:00.000+07:00

Money laundering is the act of converting money or other monetary instruments gained from illegal activity into money or investments that appear to be legitimate so that its illegal source cannot be traced. Domestic and international laws that apply to companies, whose customers can deposit and withdraw funds from their accounts, make it illegal for Marketiva, or its employees or agents, to knowingly engage, or attempt to engage in a monetary transaction in criminally derived property.

IMPLEMENTED PROCEDURES

The objective of anti-money laundering procedures that Marketiva implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers.

Marketiva is committed to assisting governments combat the threat from money laundering and terrorist financing activities around the world. For that purpose Marketiva has setup a highly sophisticated electronic system. This system documents and verifies client identification records, and tracks and maintains detailed records of all transactions.

Marketiva carefully tracks suspicious and significant transaction activities, and reports such activities providing timely and comprehensive advice to law enforcement. To uphold the integrity of the reporting systems and provide protection to businesses, the legislative framework provides legal protections to providers of such advices.

In order to minimize the risk of money laundering and terrorist financing activities, Marketiva does not accept cash deposits and does not pay out cash under any circumstances. Marketiva reserves the right to refuse to process a transfer at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity. Marketiva is prohibited from informing a customer that they have been reported for suspicious activity.

OUR COMPLIANCE REGIME

Marketiva implemented a compliance regime, as laws require from financial institutions, including appointment of a compliance officer, preparation of policies and procedures, periodic review of their effectiveness, and ongoing compliance training of our staff.

Marketiva is committed to regularly update its electronic system for inspection of suspicious transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations.

Account Suspension Reason

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Marketiva Account Suspension Reasons

If our system detects duplicate accounts or accounts opened from the same location, the system may suspend or, in case of newly created accounts, disable them. If you did not previously open any other account, please open your new account and upload your identification documents described at https://www.marketiva.com/index.ncre?page=identification page. You will then need to contact us on the live support channel accessible through our web site, so we can verify your documents. Please do not use the Streamster software before your documents get verified; otherwise your account will be disabled again.

Reset Account

If your windows layout shows of only one window, while you successfully logged in, you need to reset your windows layout and your rates, chat and news subscriptions, by following the simple procedure explained at https://www.marketiva.com/index.ncre?page=reset-account page.

Easiest Way to Trade & Resources

The easiest way to start trading is to click on a market instrument in a price window. When [Send Order] dialog shows up, you can set [Quantity] field to 1 or more (depending on the amount of money you have on currently active trading desk). When you click OKbutton, the order will go into the market. You can find a collection of introductory articles and various other resources to help you understand trading basics at http://www.marketiva.com/index.ncre?page=resources page

Practice Virtual

Marketiva Tools FAQ

2009-11-15T00:24:00.000+07:00

The following are the questions often asked about Marketiva Tools. If there are additional questions you feel we should address, please notify us and we will list your questions to assist other clients. Please have in mind that this is a general tools-related FAQ, while there are other documents on this Web Site that address other specific topics.

Marketiva Personal Web Terminal

What is the initial password?

Initial password is empty. Please note that the password is not your Marketiva account password.

What is the URL for access through internet?

The URL is http://[YOUR PUBLIC IP ADDRESS]:[PORT NUMBER] For example, if your public IP address is 200.200.200.200, and port number is 8030, the URL will be http://200.200.200.200:8030 and if you use the default port number 80, the URL will be http://200.200.200.200

Can I use it to trade without running Streamster?

No, sorry, it works through the Streamster web service API and Streamster has to be running when you are using the Personal Web Terminal.

How do I set a password?

You can set a password by going to Marketiva Light Web Server menu File > Set Password.

Marketiva Service Agreement

2009-11-08T00:12:00.000+07:00

Service Agreement

This Service Agreement (hereinafter referred to as "Agreement") is a legal contract between Marketiva MM DOO, (hereinafter referred to as "Marketiva") its successors and assigns, and the party (hereinafter referred to as "Trader" or "Client") executing this document. In connection with opening an account with Marketiva to speculate and purchase and / or sell financial instruments, which may be purchased and / or sold to Marketiva or through Marketiva for Trader's account(s), Trader acknowledges and agrees as follows:

1. FOREIGN EXCHANGE TRADING

1.1. Over-The-Counter Foreign Exchange: Trader may purchase and / or sell spot foreign currency (hereinafter referred to as "Currency") and any similar financial instruments, through over-the-counter foreign exchange market (hereinafter referred to as "OTCFX"), where Marketiva shall most frequently act as Trader's counterparty in the purchase and / or sale of the Currency.

1.2. Authorization to Trade OTCFX: In accordance with Trader's written or computer instructions, Marketiva is authorized to purchase and sell OTCFX instruments for Trader's account(s) from and to Marketiva, or pass-through purchases and sales in full, partial, aggregate, exposure-only, or any other quantity as Marketiva deems appropriate, from and to counterparty banks or sophisticated institutions or participants. Marketiva is authorized to execute all orders with Marketiva or pass-through orders to such banks or sophisticated institutions or participants as Marketiva deems appropriate.

1.3. Settlement Date, Rollovers and Delivery: With respect to purchases or sales of Currencies through an OTCFX account, Trader agrees to instruct Marketiva as to the offset or rollover of a Currency position. Except as provided herein, during the term of the Currency position, Trader shall give Marketiva instructions for rolling the Currency position no later than two hours prior to the settlement of trading in the Currency contract on the day Trader intends to rollover a Currency position. In addition, Trader, by noon of the business day before the settlement date of the Currency contract, shall instruct Marketiva whether to deliver, offset or rollover the Currency position. In the absence of timely instructions from Trader, Marketiva is authorized, at Marketiva's absolute discretion, to deliver, rollover or offset all or any portion of the Currency positions in the OTCFX account(s) for Trader's Account(s) and at Trader's risk. Trader's account(s) shall be charged commissions, at broker's rates, upon the rollover or offset of a Currency position. Trader also acknowledges that the purchase or sale of a Currency always anticipates the accepting or making of delivery, though in most cases the accepting or making of delivery will not actually occur.

2. INVESTMENT FUNDS TRADING

2.1. Over-The-Counter Funds Market: Trader may purchase and / or sell shares of investment funds (hereinafter referred to as "Funds") and any similar financial instruments, through over-the-counter funds market (hereinafter referred to as "OTCFN"), where Marketiva may frequently act as Trader's counterparty in the purchase and / or sale of the Funds.

2.2. Authorization to Trade OTCFN: In accordance with Trader's written or computer instructions, Marketiva is authorized to purchase and sell OTCFN instruments for Trader's account(s) from and to Marketiva, or pass-through purchases and sales in full, partial, aggregate, exposure-only, or any other quantity as Marketiva deems appropriate, from and to counterparty banks or sophisticated institutions or regulated investment firms. Marketiva is authorized to execute all orders with Marketiva or pass-through orders to such banks or sophisticated institutions or regulated investment firms as Marketiva deems appropriate. In event of lack of substantial purchases of OTCFN instruments, as deemed by Marketiva in Marketiva's sole discretion, Marketiva reserves the right not to invest any Fund assets into underlying investment vehicle(s), and hence assume the full risk of market movements by itself.

2.3. Funds Structure and Objectives: Marketiva shall invest Fund assets into one or more investment funds (hereinafter referred to as "Primary Funds") offered by counterparty banks or sophisticated institutions or regulated investment firms. Trader acknowledges and agrees that Marketiva shall not disclose to Trader or to any third party information on particular Primary Funds where the Fund assets are invested. Marketiva may in its sole discretion change the Primary Funds or reallocate assets invested in the Primary Funds at any time, without prior notice to Trader, and all expenses arising from the change or reallocation shall be deducted from Fund's net asset value. When collecting money from new investors in Fund, Marketiva may delay transfer of the money into the Primary Funds to group the money into larger transactions as Marketiva deems appropriate, and all the lost profits arising from the delay in the transfer of money into the Primary Funds shall be deducted from Fund's net asset value. The Funds offered by Marketiva may be distinguished by different geographical areas, investment styles and objectives, industries and currencies, providing opportunity for Trader to spread investment risk.

2.4. Funds Pricing Methods: For variable-yield Fund Marketiva shall calculate Fund price as net asset value of the Fund divided by the Fund's shares outstanding and then decreased for the charges, expenses and fees as Marketiva deems appropriate. Any Primary Fund's net assets denominated in currency other than the denomination currency of Fund shall be converted using the prevailing market rates as obtained from one or more banks or dealers or Marketiva. For fixed-yield Fund Marketiva shall determine Fund price based on a fixed yield as determined by Marketiva from time to time as Marketiva deems appropriate, provided that Marketiva may not determine a negative fixed yield in time intervals when the Primary Funds of the Fund record total profit. Trader acknowledges and agrees that Marketiva may quote the Fund prices in any time intervals and that the spread between Fund's Bid and Ask price shall be determined by Marketiva as Marketiva deems appropriate. If any Fund price quote is unacceptable to the Trader, Trader's only recourse is to close existing positions Trader maintains on the particular Fund offered by Marketiva. In light of Marketiva providing access to investment funds for investors with tiny amounts of money, Trader acknowledges that in the process of investing in the Primary Funds various types of charges, expenses and costly organizational overheads may arise and that the only firm pricing policy Marketiva adheres to when quoting the Fund prices, is to attempt to make the performance of the Funds competitive with similar funds offered by other participants in the international financial industry.

2.5. Additional Charges and Expenses: Management Fee that covers all investment management, investment advisory, and distribution services provided in relation to the relevant Fund and all operating, administrative and servicing expenses of the Fund shall be subtracted from the Fund's net asset value and shall reflect into the Fund's price quoted by Marketiva and shall not be charged separately. Fund's Performance Fee shall also be subtracted from the Fund's net asset value and shall reflect into the Fund's price quoted by Marketiva and shall not be charged separately. Management Fee and Performance Fee shall be calculated as a percentage of Fund's net asset value, accrued and charged daily, and shall be determined by Marketiva as Marketiva deems appropriate.

2.6. No Dividends on Funds: Trader acknowledges and agrees that Funds offered by Marketiva do not pay dividends, and that the only profit Trader is able to collect from investing in Funds shall be derived from increase in price of the particular Fund the Trader invests in.

2.7. Prevention of Market Timing Practices: Marketiva does not allow investments which are associated with Market Timing Practices as such practices may adversely affect the interests of other investors in the same Fund. In general, market timing refers to the investment behavior of an individual or company or a group of individuals or companies buying, selling or exchanging shares or other securities on the basis of predetermined market indicators by taking advantage of time differences and / or imperfections or deficiencies in the method of determination of the net asset value and Fund prices. Market timers may also include individuals or groups of individuals whose securities transactions seem to follow a timing pattern or are characterized by frequent or large exchanges. In the event of Trader employing the Market Timing Practices, Trader agrees and acknowledges that Marketiva may in Marketiva's sole discretion take one or more, or any portion of, the following actions: (i) close Trader's account; (ii) suspend Trader's account for an indefinite period of time; (iii) carry out an investigation on Trader's account for an indefinite period of time; (iv) charge a penalty fee to Trader in the same or greater amount of money that resulted from Trader using Market Timing Practices.

3. INDEX AND COMMODITY TRADING

3.1. Over-The-Counter Spots Market: Trader may purchase and / or sell spot index or commodity instruments (hereinafter referred to as "Spots") and any similar financial instruments, through over-the-counter spots market (hereinafter referred to as "OTCSP"), where Marketiva shall most frequently act as Trader's counterparty in the purchase and / or sale of the Spots.

3.2. Authorization to Trade OTCSP: In accordance with Trader's written or computer instructions, Marketiva is authorized to purchase and sell OTCSP instruments for Trader's account(s) from and to Marketiva, or pass-through purchases and sales in full, partial, aggregate, exposure-only, or any other quantity as Marketiva deems appropriate, from and to counterparty banks or sophisticated institutions or participants. Marketiva is authorized to execute all orders with Marketiva or pass-through orders to such banks or sophisticated institutions or participants as Marketiva deems appropriate.

4. COMMON SERVICE PROVISIONS

4.1. Margins and Deposit Requirements: Trader shall provide to and maintain with Marketiva margin in such amounts and in such forms as Marketiva, in its sole discretion, may require or as may be otherwise required by applicable regulation. Trader is aware and acknowledges that the requirements for margin vary, and may be changed from time to time, at Marketiva's sole discretion, based upon account size, volume traded, and market conditions. Such margin requirements may be greater or less than margins required by a counterparty bank. Marketiva may change margin requirements at any time. Trader agrees to deposit by immediate wire transfer such additional margin when and as required by Marketiva and will promptly meet all margin calls in such mode of transmission as Marketiva in its sole discretion designates. Marketiva may at any time proceed to liquidate Trader's account in accordance with paragraph 4.4 and any failure by Marketiva to enforce its rights hereunder shall not be deemed a waiver by Marketiva to enforce its rights thereafter. No previous margin requirement by Marketiva shall preclude Marketiva from increasing that requirement without prior notice.

4.2. Governmental, Counterparty Institution and Interbanking System Rules: All transactions under this Agreement shall be subject to the constitution, by-laws, rules, regulations, customs, usage, rulings and interpretations of the counterparty institution or other interbank market (and its clearing organization, if any) where executed and to all applicable laws and regulations. If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted by any governmental authority, or a contract market or clearing organization which shall be binding upon Marketiva and shall affect in any manner or be inconsistent with any of the provisions hereof, the affected provisions of this Agreement shall be deemed modified or superseded, as the case may be by the applicable provisions of such statute, rule or regulation, and all other provisions of this Agreement and provisions so modified shall in all respects continue in full force and effect. Trader acknowledges that all transactions under this Agreement are subject to the aforementioned regulatory requirements and Trader shall not thereby be given any independent legal or contractual rights with respect to such requirements.

4.3. Collateral Terms: All funds, securities, currencies, and other property of Trader which Marketiva or its affiliates may at any time be carrying for Trader or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by Marketiva as security and subject to a general lien and right of set-off for liabilities of Trader to Marketiva whether or not Marketiva has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Trader may have with Marketiva. Marketiva may in its discretion, at any time and from time to time, without notice to Trader, apply and / or transfer any or all funds or other property of Trader between any of Trader's accounts. Trader hereby also grants to Marketiva the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Traders, to itself as broker or to others, any securities or other property of Trader held by Marketiva as margin or security. Marketiva shall at no time be required to deliver to Trader the identical property delivered to or purchased by Marketiva for any account of Trader. This authorization shall apply to all accounts carried by Marketiva for Trader and shall remain in full force until all accounts are fully paid for by Trader or notice of revocation is sent by Marketiva from its home office.

4.4. Liquidation of Accounts and Payment of Deficit Balances: In the event of (a) the death or judicial declaration of incompetence of Trader; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Trader; (c) the filing of an attachment against any of Trader's accounts carried by Marketiva, (d) insufficient margin, or Marketiva's determination that any collateral deposited to protect one or more accounts of Trader is inadequate, regardless of current market quotations, to secure the account; (e) Trader's failure to provide Marketiva any information requested pursuant to this agreement; or (f) any other circumstances or developments that Marketiva deems appropriate for its protection, and in Marketiva's sole discretion, it may take one or more, or any portion of, the following actions: (1) satisfy any obligation Trader may have to Marketiva, either directly or by way of guaranty of suretyship, out of any of Trader's funds or property in its custody or control; (2) sell any or purchase any or all financial instruments held or carried for Trader; and (3) cancel any or all outstanding orders or contracts, or any other commitments made on behalf of Trader. Any of the above actions may be taken without demand for margin or additional margin, without prior notice of sale or purchase or other notice to Trader, Trader's personal representatives, heirs, executors, administrators, trustees, legatees or assigns and regardless of whether the ownership interest shall be solely Trader's or held jointly with others. In liquidation of Trader's long or short positions, Marketiva may, in its sole discretion, offset in the same settlement or it may initiate new long or short positions in order to establish a spread or straddle which in Marketiva's sole judgment may be advisable to protect or reduce existing positions in Trader's account. Any sales or purchases hereunder may be made according to Marketiva's judgment and at its discretion with any interbank or other exchange market where such business is then usually transacted or at a public auction or private sale, and Marketiva may purchase the whole or any part thereof free from any right of redemption. Trader shall at all times be liable for the payment of any deficit balance of Trader upon demand by Marketiva and in all cases, Trader shall be liable for any deficiency remaining in Trader's account(s) in the event of the liquidation thereof in whole or in part by Marketiva or by Trader. In the event the proceeds realized pursuant to this authorization are insufficient for the payment of all liabilities of Trader due to Marketiva, trader shall promptly pay upon demand, the deficit and all unpaid liabilities, together with interest thereon equal to three (3) percentage points above the then prevailing prime rate at Marketiva's principal bank or the maximum interest rate allowed by law, whichever is lower, and all costs of collection, including attorney's fees, witness fees, travel expenses and the like. In the event Marketiva incurs expenses other than for the collection of deficits, with respect to any of the account(s) of Trader, Trader agrees to pay such expenses.

4.5. Charges: Trader shall pay such brokerage, commission and special service and all other charges (including, without limitation, markups and markdowns, statement charges, idle account charges, order cancellation charges, account transfer charges or other charges), fees (including, without limitation, fees charged by banks or by other financial institutions and intermediaries for deposit and withdrawal of Trader's funds, fees imposed by any interbank agency, bank, contract markets or other regulatory or self-regulatory organizations) arising out of Marketiva providing services hereunder. Marketiva may change its commission, charges, and / or fees without notice. Trader agrees to be liable to Marketiva for interest on amounts due from Trader to Marketiva at an interest rate equal to three (3) percentage points above the then prevailing prime rate at Marketiva principal bank or the maximum interest rate allowed by law, whichever is lower. All such charges shall be paid by Trader as they are incurred, or as Marketiva in its sole and absolute discretion, may determine, and Trader hereby authorizes Marketiva to withdraw the amount of any such charges from Trader's accounts(s). Marketiva and Trader agree and confirm that all prices quoted to Trader are not inclusive of markups and markdowns.

4.6. Right to Refuse Orders: Marketiva retains the right to limit the amount and / or total number of open positions that Trader may acquire or maintain at Marketiva. Marketiva will attempt to execute all orders, which it may, in its sole discretion, choose to accept in accordance with the written or computer instructions of Trader's. Marketiva reserves the right to refuse to accept any order. However, Marketiva shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of Marketiva including, without limitation, loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and / or information due to a breakdown in or failure of any transmission or communication facilities.

4.7. No Guarantees to Credit Worthiness: There are no guarantees to the credit worthiness of the counterparty of your positions. Every attempt has been made to deal with reputable creditworthy banks, institutions, clearing houses and other participants. Also, there may be certain cases in which trading liquidity decreases causing trading in a certain financial instruments to cease, thereby preventing the liquidation of an adverse position that may result in a substantial financial loss.

4.8. Interest / Premium: Interest on positions opened on margin held past 17:00 EST / EDT may be charged or paid on a daily basis depending on the underlying position. Trader acknowledges that such interest rates shall be determined by Marketiva, in its sole discretion.

4.9. Price Differences: Trader acknowledges that over-the-counter business is not traded on an organized exchange and therefore does not require open-outcry. Even though quotations or prices are afforded by many computer-based component systems, the quotations and prices may vary due to various reasons, including without limitation to spread sizes, markups and markdowns, commissions, fees, delays in transmission and market liquidity.

4.10. Quoting Errors: Should quoting errors occur, which may include, but are not limited to, a dealer's mistype of a quote, a quote which is not representative of fair market prices, an erroneous price quote from a Trader, such as but not limited to a wrong big figure quote or an erroneous quote due to failure of hardware, software or communication lines or systems and / or inaccurate external data feeds provided by third-party vendors, Marketiva will not be liable for the resulting errors in account balances. The foregoing list is not meant to be exhaustive and in the event of a quoting error, Marketiva reserves the right to make the necessary corrections or adjustments on the account involved. Any dispute arising from such quoting errors will be resolved on a basis of a fair market value of a financial instrument at the time such an error occurred.

4.11. No Scalping: Trader agrees and acknowledges that the service provided by Marketiva to Trader hereunder is not adapted for trading techniques commonly known as "scalping" or "picking" ("Scalping"). In the event of Trader employing the Scalping techniques, Trader agrees and acknowledges that Marketiva may in Marketiva's sole discretion take one or more, or any portion of, the following actions: (i) close Trader's account; (ii) suspend Trader's account for an indefinite period of time; (iii) carry out an investigation on Trader's account for an indefinite period of time; (iv) charge a penalty fee to Trader in the same or greater amount of money that resulted from Trader using Scalping techniques.

4.12. Trading Agent: In the event that Trader grants trading authority or control over Trader's account to a third party (Trading Agent), whether on a discretionary or non-discretionary basis, Marketiva shall in no way be responsible for reviewing Trader's choice of such Trading Agent or for making any recommendations with respect thereto. Marketiva makes no representations or warranties concerning any Trading Agent; Marketiva shall not be responsible for any loss to Trader occasioned by the actions of the Trading Agent; and Marketiva does not, by implication or otherwise endorse or approve of the operating methods of the Trading Agent. If Trader gives the Trading Agent authority to exercise any of its rights over Trader's account, Trader does so at his own risk.

4.13. Password Protection: The Trader is obligated to keep passwords secret and ensure that third parties do not obtain access to the trading facilities. The Trader will be liable to Marketiva for trades executed by means of the Trader's password even if such use may be wrongful.

4.14. Internet Failures: Since Marketiva does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading on-line (via Internet).

4.15. Account Hibernation: In the event Trader does not deposit funds into Trader's account and does not access Trader's account for ninety (90) days, Marketiva may cancel all active orders, close all open positions and place the Trader's account into a hibernation state until the Trader returns and re-activates the Trader's account. Trader acknowledges that Marketiva places inactive accounts into hibernation state in order to preserve computer resources.

4.16. Trading Recommendations, Signals and Alerts: Trader acknowledges that (i) any market recommendations and information, including the trading signals and alerts ("Trading Recommendations"), communicated to Trader by Marketiva or by any person within the company or by any contributor on the Marketiva's discussion channels ("Chat Rooms") or by any market analyst listed on the Marketiva website ("Market Analysts"), does not constitute an offer to sell or the solicitation of an offer to buy any financial instrument, (ii) such Trading Recommendations, although based upon information obtained from sources believed by Marketiva to be reliable, may be based solely on an opinion and that such information may be incomplete and may be unverified, and (iii) Marketiva makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy, completeness or profitability of any Trading Recommendations furnished to Trader.

4.17. API: Trader may access the Application Programming Interface ("API") which provides services to the Trader through the following programming interfaces ("API Interfaces"): (a) interfaces for accessing prices quoted by Marketiva ("API Prices"); (b) interfaces for entering, modifying and cancelling orders, and modifying and closing positions ("API Transactions"); and (c) interfaces for monitoring of trades and other market and account information provided by Marketiva. Trader agrees (1) not to permit any third party to use the API; (2) not to transmit, publish, disseminate, duplicate, display, disclose, offer or otherwise provide, in any form whatsoever, the API Prices to any third party; and (3) thoroughly test any and all programming code written to access the API ("API Code"), in accordance with the documentation and procedures provided on Marketiva's website, prior to using such custom interfaces to execute API Transactions through the API. Trader acknowledges and agrees that Marketiva shall not provide any support to Trader regarding the API, other than what is provided on Marketiva's website. Furthermore, Marketiva shall not provide any support, analysis, examination or problem-solving regarding API Code written by the Trader. Trader acknowledges that: (i) there are serious risks associated with using the API for the purposes of trading financial instruments; (ii) developing and programming API Code is a complex, subtle and painstaking process; (iii) API Code design and / or programming errors can lead to undesired, erratic and / or unexpected trading behaviour and can result in large trading losses, up to and including the loss of all funds in the Trader's account; (iv) API Code should only be designed, programmed and maintained by persons who are expert and qualified in these areas; (v) API Code must be fully verified and tested on Trader's virtual trading desks prior to its use on Trader's live trading desks; and (vi) the performance of API Code must be closely supervised and API Code should not be left to run unattended.

4.18. Conflicts of Interest: Trader acknowledges that Marketiva and / or its subsidiaries, officers, directors, affiliates, associates, stockholders or representatives may have positions in or may intend to buy or sell financial instruments, which are offered to Trader by Marketiva or through Marketiva, or which are subject of market recommendations furnished to Trader, and that the market positions of Marketiva or any such subsidiary, officer, director, affiliate, associate, stockholder or representative may be opposing to the positions of Trader, and may not be consistent with the recommendations furnished to Trader by Marketiva.

4.19. Taxation: Trader acknowledges that Marketiva makes no representations concerning the tax implications or treatment of any financial instrument or contract offered by Marketiva or through Marketiva. Trader acknowledges and agrees that tax obligations of Trader are Trader's sole responsibility and that Marketiva does not provide any advice, recommendation or information on tax obligations of Trader.

4.20. International Clientele and Jurisdiction: In light of Marketiva offering financial instruments and other products and services ("Offerings") to international clientele subject to an enormous number of local, state and federal laws in many countries around the world, Trader acknowledges and agrees that it is Trader's responsibility to check with Trader's local, state and federal government, if Marketiva and the Offerings and use or purchase of the Offerings are in accordance with all the relevant local, state and federal laws ("Relevant Laws"). If Marketiva or the Offerings or use or purchase of the Offerings are not in accordance with the Relevant Laws, it is Trader's obligation to immediately stop using and purchasing Offerings, cancel all active orders, close all open positions held with Marketiva and request closure of Trader's account(s) with Marketiva. Trader agrees to indemnify and hold Marketiva harmless from all damages or liability resulting form Trader's failure to comply with provisions referred to herein.

5. REFERRING AFFILIATES

5.1. No Supervision or Liability: Marketiva does not supervise the activities of referring and introducing agents and affiliates (hereinafter referred to as "Introducing Agent" or "Referring Affiliate" or "Referring Agent") and assumes no liability for any representations made by Referring Agent. Marketiva and Referring Agent are wholly separate and independent from one another. The agreement between Marketiva and Referring Agent does not establish a joint venture or partnership and Referring Agent is not an agent or employee of Marketiva.

5.2. Third Party Trading Advice: Marketiva does not control, and cannot endorse or vouch for the accuracy or completeness of any information or advice Client may have received or may receive in the future from Referring Agent or from any other person not employed by Marketiva regarding trading of the financial instruments offered by Marketiva or the risks involved in such trading.

5.3. Integral Risk Disclosure: Marketiva provides risk disclosure information to all new Clients when they open accounts. Client should read that information carefully, and should not rely on any information to the contrary from any other source.

5.4. No Promises Regarding Profits: Client acknowledges that no promises have been made by Marketiva or any individual associated with Marketiva regarding future profits or losses in Client's account. Client understands that trading is very risky, and that many people lose money trading.

5.5. No Responsibility for Trading Advice: If Referring Agent or any other third party provides Client with information or advice regarding trading of the instruments offered by Marketiva, Marketiva shall in no way be responsible for any loss to Client resulting from Client's use of such information or advice.

5.6. Trading Systems and Courses: To the extent Client has previously been led to believe or believes that utilizing any third party trading system, course, program, research or recommendations provided by Referring Agent or any other third party will result in trading profits, Client hereby acknowledges, agrees and understands that all trading, including trading done pursuant to a system, course, program, research or recommendations of Referring Agent or another third party involves a substantial risk of loss. In addition, Client hereby acknowledges, agrees and understands that the use of a trading system, course, program, research or recommendations of Referring Agent or another third party will not necessarily result in profits, avoid losses or limit losses.

5.7. Non-Regulated Third Parties: Client understands that Referring Agent and many third party vendors of trading systems, courses, programs, research or recommendations are not regulated by a government agency.

5.8. Compensation for Referring: Client understands and acknowledges that Marketiva may compensate Referring Agent for introducing Client to Marketiva and that such compensation may be on a per-trade basis or other basis. Such compensation to the Referring Agent may require the Client to incur a markup, above and beyond the ordinary spread generally provided by Marketiva. Further, the Client has a right to be informed of the precise nature of such remuneration.

5.9. Limited Referral Data Access: Client understands and agrees that if Client's account with Marketiva is introduced by Referring Agent, that Referring Agent shall have a limited access, determined in Marketiva's sole discretion, to data in Client's Marketiva account, but the Referring Agent shall not have the right to enter into any trades on Client's account with Marketiva.

6. GENERAL PROVISIONS

6.1. Risk Acknowledgment: Trader acknowledges that investments in leveraged and non-leveraged transactions are speculative, involve a high degree of risk, and are appropriate only for persons who can assume risk of loss in excess of their principal investment and margin deposit. Trader warrants that Trader is willing and able, financially and otherwise, to assume the risk of trading in financial instruments offered by Marketiva, and in consideration of Marketiva's carrying Trader's account(s), Trader agrees not to hold Marketiva responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives. Trader recognizes that guarantees of profit or freedom from loss are impossible of performance in trading. Trader acknowledges that Trader has received no such guarantees from Marketiva or from any of its representatives or any Introducing Agent or other entity with whom Trader is conducting his / her Marketiva account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations. Trader acknowledges that he / she has been advised and understands the risk factors described in this Agreement and in the Risk Disclosure statement which has been provided to Trader.

6.2. Communications: Reports, statements, notices and any other communications may be transmitted to such address as Trader may from time to time designate in writing to Marketiva. All communications so sent, whether by mail, electronic mail, telegraph messenger or otherwise, shall be deemed transmitted by Marketiva when electronically submitted or deposited in the mail, or when received by a transmitting agent, and deemed delivered to Trader personally, whether actually received by Trader or not.

6.3. Marketiva Responsibilities: Marketiva will not be responsible for delays in the transmission of orders due to a breakdown or failure of transmission or communication facilities, electrical power outage or for any other cause beyond Marketiva's control or anticipation. Marketiva shall only be liable for its actions directly attributable to negligence, willful default or fraud on the part of Marketiva. Marketiva shall not be liable for losses arising from the default of any agent or any other party used by Marketiva under this agreement.

6.4. Consent to Electronic Transmission: Client hereby consents to have Client's account information and trade confirmations available on the Internet in lieu of having such information delivered to Client via mail or e-mail. Client will be able to access account information via the Marketiva website using Client's account login information to access the account. Marketiva will post Client's account activity and Client will be able to generate daily, monthly and yearly reports of account activity as well as a report of each executed trade. Updated account information will be available no more than twenty-four (24) hours after any activity takes place on Client's account. Marketiva may show a portion of trading activity in an aggregated form in order to optimize system performance, in which case Client will be able to request e-mail delivery of records of all trading activity that has been aggregated for optimization purposes. Posting of account information on Client's online account will be deemed delivery of confirmation and account statements. Account information will include trade confirmations with trade identifiers, purchase and sale rates, margin information if applicable, statements of profits and losses, as well as current open or pending positions.

6.5. Statements and Confirmation: Reports of the confirmation of orders and statements of accounts for Trader shall be deemed correct and shall be conclusive and binding upon Trader if not objected to immediately upon receipt and confirmed in writing within (1) day after transmittal to Trader by mail or otherwise. Margin calls shall be conclusive and binding unless objected to immediately in writing. In lieu of sending trade confirmation via postal mail, Marketiva will provide Trader Internet access to view his / her account at any time with an online login. Written objections on Trader's part shall be directed to Marketiva at its home office located at the most recent address as indicated on the Marketiva website, and shall be deemed received only if actually delivered or mailed by registered mail, return receipt requested. Failure to object shall be deemed ratification of all actions taken by Marketiva or Marketiva's agents prior to Trader's receipt of said reports. Trader's failure to receive a trade confirmation shall not relieve Trader of the obligation to object as set out herein.

6.6. E-Mail and Address Acknowledgment: Client acknowledge that it is Client's obligation to immediately notify Marketiva if there is a change in Client's electronic mail address, or other location to which the electronic records may be provided. Client acknowledges that it is Client's obligation to notify Marketiva if there is a change in the address or other location to which paper records may be provided, if necessary.

6.7. Privacy Policy: Marketiva is committed to safeguarding the personal information that Client provides to us. Client can read the detailed description of Marketiva's Privacy Policy located at the Marketiva website.

6.8. Trader Representations and Warranties: Trader represents and warrants that: (a) Trader is of sound mind, legal age and legal competence; and, (b) No person other than Trader has or will have an interest in Trader's account(s); and, (c) Trader hereby warrants that regardless of any subsequent determination to the contrary, Trader is suitable to trade instruments offered by Marketiva and is a sophisticated institution and / or market participant; and, (d) Trader is not now an employee of any exchange, any corporation in which any exchange owns a majority of the capital stock, any member of any exchange and / or firm registered on any exchange, or any bank, trust, or insurance company that trades the same instruments as those offered by Marketiva, and in the event that Trader becomes so employed, Trader will promptly notify Marketiva at its home office in writing of such employment; and, (e) All the information provided by the Trader, in the account opening and identification process on Marketiva's website, is true, correct and complete as of the date hereof and Trader will notify Marketiva promptly of any changes in such information.

6.9. Disclosure of Financial Information: The Trader represents and warrants that the financial information disclosed to Marketiva is an accurate representation of the Trader's current financial condition. The Trader represents and warrants that the Trader has very carefully considered the portion of the Trader's assets which the Trader considers to be Risk Capital. The Trader recognizes that Risk Capital is the amount of money the Trader is willing to put at risk and if lost would not, in any way, change the Trader's lifestyle. The Trader agrees to immediately inform Marketiva if the Trader's financial condition changes in such a way to reduce the Trader's Risk Capital.

6.10. No Guarantees: Trader acknowledges that Trader has no separate agreement with Trader's broker or any Marketiva employee or agent regarding the trading in Trader's Marketiva account, including any agreement to guarantee profits or limit losses in Trader's account. Trader understands that Trader is under an obligation to notify Marketiva's Compliance Officer immediately in writing as to any agreement of this type. Further, Trader understands that any representations made by anyone concerning Trader's account that differ from any statements Trader receives from Marketiva must be brought to the attention of Marketiva's Compliance Officer immediately in writing. Trader understands that Trader must authorize every transaction prior to its execution, and any disputed transactions must be brought to the attention of Marketiva's Compliance Officer pursuant to the notice requirements of this Agreement. Trader agrees to indemnify and hold Marketiva harmless from all damages or liability resulting form Trader's failure to immediately notify Marketiva's Compliance Officer of any of the occurrences referred to herein. All notices required under this section shall be sent to Marketiva at its home office.

6.11. No Waiver or Amendment: No provision of this Agreement may be waived or amended unless the waiver or amendment is in writing and signed by both Trader and an authorized officer of Marketiva. No waiver or amendment of this Agreement may be implied from any course of dealing between the parties or from any failure by Marketiva or its agents to assert its rights under this Agreement on any occasion or series of occasions. No oral agreements or instructions to the contrary shall be recognized or enforceable. This instrument and the attachments hereto embody the entire agreement of the parties, superseding any and all prior written and oral agreements and there are no other terms, conditions or obligations other than those contained herein.

6.12. Severability: If any provisions hereof are deemed to be illegal or unenforceable by a court of competent jurisdiction, the enforceability or effectiveness of the remainder of the Agreement shall not be affected and this Agreement shall be enforceable without reference to the unenforceable provision.

6.13. Governing Law and Jurisdiction: This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby, whether brought by Trader or Marketiva, shall be governed by, construed and enforced in all respects by the laws of the Republic of Montenegro. The Republic of Montenegro is jurisdiction where Marketiva is incorporated.

6.14. Binding Effect: This Agreement shall be continuous and shall cover, individually and collectively, all accounts of Trader at any time opened or reopened with Marketiva irrespective of any change or changes at any time in the personnel of Marketiva or its successors, assigns, or affiliates. This Agreement including all authorizations, shall inure to the benefit of Marketiva and its successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon Trader and / or the estate, executor, trustees, administrators, legal representatives, successors and assigns of Trader. Trader hereby ratifies all transactions with Marketiva affected prior to the date of this Agreement, and agrees that the rights and obligations of Trader in respect thereto shall be governed by the terms of this Agreement.

6.15. Termination: This Agreement shall continue in effect until termination, and may be terminated by Trader at any time when Trader has no open position(s) and no liabilities held by or owed to Marketiva upon the actual receipt by Marketiva at its home office of written notice of termination, or at any time whatsoever by Marketiva upon the transmittal of written notice of termination to Trader; provided, that such termination shall not affect any transactions previously entered into and shall not relieve either party of any obligations set out in this agreement nor shall it relieve Trader of any obligations arising out of any deficit balance.

6.16. Indemnification: Trader agrees to indemnify and hold Marketiva, its affiliates, employees, consultants, agents, successors and assigns harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney's fees, incurred by Marketiva arising out of Trader's failure to fully and timely perform Trader's agreements herein or should any of the representations and warranties fail to be true and correct. Trader also agrees to pay promptly to Marketiva all damages, costs and expenses, including attorney's fees, incurred by Marketiva in the enforcement of any of the provisions of this Agreement and any other agreements between Marketiva and Trader.

6.17. Terms and Headings: The term "Marketiva" shall be deemed to include Marketiva, its divisions, its successors and assigns; the term "home office" is office of Marketiva, accessible through Marketiva's website located at http://www.marketiva.com/ address, and through contact forms on Marketiva's website, and through the mailing address specified on Marketiva's website; the term "Trader" shall mean the party executing the Agreement; and the term "Agreement" shall include all other agreements and authorizations executed by Trader in connection with the maintenance of Trader's account with Marketiva regardless of when executed. The paragraph and segment headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or affect the meaning of any of its provisions.

6.18. Acceptance: This Agreement shall not be deemed to be accepted by Marketiva nor become a binding contract between Trader and Marketiva until approved by Marketiva home office.

6.19. Consent to Jurisdiction and Venue: In order to induce Marketiva to accept this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Trader hereby agrees to the following: (a) Any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby, whether brought by Trader or Marketiva, shall be held, within geographical location Marketiva chooses, in its sole discretion. Trader consents and submits to, and waives any and all objections Trader may have to such venue, and further agrees to waive and forego any right Trader may have to transfer or change the venue of any action or proceeding encompassed hereby; and, (b) Trader consents and submits to the jurisdiction of any local, state, federal or international court located within the geographical location Marketiva chooses, in its sole discretion, in any action or proceeding arising directly or indirectly hereunder or in connection with the transaction hereby, whether brought by Trader or Marketiva.

6.20. Recordings: Trader agrees and acknowledges that all communications and conversations regarding Trader's account(s) between Trader and Marketiva personnel may be electronically recorded with or without the use of an automatic tone-warning device. Trader further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or proceeding that may arise involving Trader or Marketiva. Trader understands that Marketiva destroys such recordings at regular intervals in accordance with Marketiva's established business procedures and Trader hereby consents to such destruction.

6.21. Modifications to the Agreement: Marketiva reserves the right to change and / or modify any and all terms of this Agreement from time to time, and at any time, with or without notice to Trader, by posting such changes on the Marketiva's website. Trader is responsible for regularly reviewing these terms and conditions for any modifications and agrees to be bound by the same.

Risk Disclosure Statement

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This brief statement does not disclose all of the risks and other significant aspects of trading in financial markets. In light of the risks, you should undertake such transactions only if you ("Trader" or "Client") fully understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.

1. COMMON RISKS

1.1. General Investment Risk: All investments come with the risk of losing money. Investing involves substantial risks, including complete possible loss of principal plus other losses and may not be suitable for many members of the public. Investments, unlike savings and checking accounts at a bank, are not insured by the government to protect against market losses. Different market instruments carry different types and degrees of risk and you should familiarize yourself with the risks involved in the particular market instruments you intend to invest in.

1.2. Electronic Trading: Trading on an electronic trading system may differ not only from trading in an open-outcry market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

1.3. Suspension or Restriction of Trading and Pricing Relationships: Market conditions (e.g. liquidity) and / or the operation of the rules of certain markets and market makers (e.g. market hours, dealing hours, suspension of trading, etc.) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate / offset positions.

1.4. Off-Exchange Transactions: Company that you are effecting off-exchange transactions with may often act as your counterparty. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions are generally less regulated and / or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules and attendant risks.

1.5. Transactions in Foreign Jurisdictions: Transactions on markets in foreign jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation, which may offer different or diminished investor protection. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected. You should obtain details about the types of redress available and rules applicable in both your home jurisdiction and other relevant jurisdictions before you start to trade.

1.6. Deposited Cash and Property: You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific foreign legislation or other non-domestic rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.

1.7. Terms and Conditions of Contracts: You should obtain details about the terms and conditions of the specific market instruments which you are trading and associated obligations (e.g. the margin requirements and the terms of their change, order execution limitations, circumstances under which you may become obligated to make or take delivery, expiration dates and restrictions on the time for exercise, etc.).

1.8. Commission and Other Charges: Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.

1.9. Currency Risks: The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

1.10. Trading Facilities: Most open-outcry and electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and / or member firms. Such limits may vary. Therefore, you should obtain a clear explanation of all details in this respect.

1.11. Trading Strategies and Signals: Positive trading signal performance in the past does not guarantee the trading signal will be profitable in the future. There are various reasons why your trading performance is unlikely to be the same as trading performance results presented by a trading signal provider, including but not limited to: varying levels of market liquidity; varying sizes of market spreads; discontinuation of credit lines and trading lines; the imposition of regulatory or governmental authority over buy-side and sell-side market participants including your counterparty; human error; dealing error; varying levels and speeds of connectivity; delays in generating, transmitting, routing, and accepting orders; a lack of following every single trading signal as it is generated; the effects of other positions that you maintain that were not placed in accordance with signals or strategies offered by the trading signal provider; varying margin requirements; varying stop-loss, limit acceptance, and margining-out provisions; public or market holidays; one-time or infrequent exogenous market events; temporary inability of the trading signal provider to generate or transmit trading signals or strategies; lack of trading experience, etc.

2. FOREX-SPECIFIC RISKS

2.1. Sophisticated High-Risk Trading: Because the risk factor is high in Forex trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital you can afford to lose, you should not trade in the Forex markets. Trading in Forex is suitable only for those sophisticated institutions or sophisticated participants financially able to withstand losses that may substantially exceed the value of margins or deposits.

2.2. Effect of "Leverage" or "Gearing": Transactions in Forex carry a high degree of risk. The amount of initial margin is small relative to the value of the Forex contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds immediately or on a very short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

2.3. Risk-Reducing Orders or Strategies: The placing of certain orders (e.g. "exit-stop", "stop-loss", etc.) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "hedged" and "straddle" positions, may be as risky as taking simple "long" or "short" positions.

3. FUNDS-SPECIFIC RISKS

3.1. Fund May Lose Value: There can be no assurance that a Fund will achieve its investment objectives and past performance should not be seen as a guide to future returns. The value of investments and the income derived may fall as well as rise and investors may not recoup the original amount invested in a Fund. An investment in a Fund may also be affected by any changes in exchange control regulation, tax laws, withholding taxes, international, political and economic developments, and government, economic or monetary policies.

3.2. Interest Rate Risk: A Fund that invests in bonds and other fixed income securities may fall in value if interest rates change. Generally, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Longer term debt securities are usually more sensitive to interest rate changes.

3.3. Credit Risk: A Fund which invests in bonds and other fixed income securities is subject to the risk that issuers may not make payments on such securities. An issuer suffering an adverse change in its financial condition could lower the credit quality of a security, leading to greater price volatility of the security. A lowering of the credit rating of a security may also offset the security's liquidity, making it more difficult to sell. Funds investing in lower quality debt securities are more susceptible to these problems and their value may be more volatile.

3.4. Foreign Exchange Risk and Hedging: Because a Fund's assets and liabilities may be denominated in currencies different to its base currency, the Fund may be affected favorably or unfavorably by exchange control regulations or changes in the exchange rates between the base currency and other currencies. Changes in currency exchange rates may influence the value of a Fund's shares, the dividends or interest earned and the gains and losses realized. Exchange rates between currencies are determined by supply and demand in the currency exchange markets, the international balance of payments, governmental intervention, speculation and other economic and political conditions. If the currency in which a security is denominated appreciates against the base currency, the value of the security will increase. Conversely, a decline in the exchange rate of the currency would adversely affect the value of the security. A Fund may engage in foreign currency transactions in order to hedge against currency exchange risk; however there is no guarantee that hedging or protection will be achieved. This strategy may also limit the Fund from benefiting from the performance of a Fund's securities if the currency in which the securities held by the Fund are denominated rises against the base currency.

3.5. Futures and Options in Funds: Funds may invest in options and futures on securities, indices and interest rates for the purpose of efficient portfolio management. Also, Funds may invest in futures, options or forward foreign exchange contracts to hedge market and currency risks. Transactions in futures carry a high degree of risk. The amount of the initial margin is small relative to the value of the futures contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact which may work for or against the investor. The placing of certain orders which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Transactions in options also carry a high degree of risk. Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obliged either to settle the option in cash or to acquire or deliver the underlying investment. If the option is "covered" by the seller holding a corresponding position in the underlying investment or a future on another option, the risk may be reduced.

3.6. Emerging Markets: Economies in Emerging Markets generally are heavily dependent upon international trade and, accordingly, have been and may continue to be affected adversely by trade barriers, exchange controls, managed adjustments in relative currency values and other protectionist measures imposed or negotiated by the countries with which they trade. These economies also have been and may continue to be affected adversely by economic conditions in the countries in which they trade. Because of the special risks associated with investing in Emerging Markets, Funds which invest in such securities should be considered speculative. Investors in such Funds are advised to consider carefully the special risks of investing in emerging market securities. Brokerage commissions, custodial services and other costs relating to investment in Emerging Markets generally are more expensive than those relating to investment in more developed markets. Lack of adequate custodial systems in some markets may prevent investment in a given country or may require a Fund to accept greater custodial risks in order to invest, although the custodian will endeavor to minimize such risks through the appointment of correspondents that are international, reputable and creditworthy financial institutions. In addition, such markets have different settlement and clearance procedures. In certain markets there have been times when settlements have been unable to keep pace with the volume of securities transactions, making it difficult to conduct such transactions. The inability of a Fund to make intended securities purchases due to settlement problems could cause the Fund to miss attractive investment opportunities. Inability to dispose of a portfolio security caused by settlement problems could result either in losses to a Fund due to subsequent declines in value of the portfolio security or, if a Fund has entered into a contract to sell the security, could result in potential liability to the purchaser. The risk also exists that an emergency situation may arise in one or more developing markets as a result of which trading of securities may cease or may be substantially curtailed and prices for a Fund's securities in such markets may not be readily available. Investors should note that changes in the political climate in Emerging Markets may result in significant shifts in the attitude to the taxation of foreign investors. Such changes may result in changes to legislation, the interpretation of legislation, or the granting of foreign investors the benefit of tax exemptions or international tax treaties. The effect of such changes can be retrospective and can (if they occur) have an adverse impact on the investment return of shareholders in any Fund so affected.

3.7. Sector Risk: Funds which concentrate their portfolio in a specific sector may carry a higher degree of risk due to lower diversification and sector-specific risks (e.g. companies in the technology sector are at risk from new technologies and face a high risk of obsolescence as a result of technological advances, etc.). Because these investments are limited to a relatively narrow segment of the economy, the Funds' investments are not as diversified as most funds. This means that these Funds tend to be more volatile than other funds and their portfolio values can increase or decrease more rapidly. The performance of each Fund may differ in direction and degree from that of the overall stock market.

3.8. Small Capitalization: Funds which include smaller capitalization companies, may involve greater risk than Funds investing in larger, more established companies. For example, small capitalization companies may have limited product lines, markets and financial or managerial resources. As a result, price movements in securities of smaller capitalization companies may be more volatile. Transaction costs in securities of smaller capitalization companies can be higher than those of larger capitalization companies and there may be less liquidity.

3.9. Non-Investment Grade Debt: Credit risk is more pronounced for investments in fixed-income securities that are rated below Investment Grade or which are of comparable quality. The risk of default may be greater and the market for these securities may be less active, making it more difficult to sell the securities at reasonable prices, and also making valuation of the securities more difficult. A Fund may incur additional expenses if an issuer defaults and the Fund tries to recover some of its losses in bankruptcy or other similar proceedings.

4. INDEXES AND COMMODITIES-SPECIFIC RISKS

4.1. High-Risk, Leverage and Risk-Reducing: Because the risk factor is high in spot Index and Commodity trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital you can afford to lose, you should not trade in the spot Index and Commodity markets. Trading in spot Index and Commodity markets is suitable only for those sophisticated institutions or sophisticated participants financially able to withstand losses that may substantially exceed the value of margins or deposits. Transactions in spot Index and Commodity markets carry a high degree of risk. The amount of initial margin is small relative to the value of the spot Index or Commodity contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds immediately or on a very short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. The placing of certain orders (e.g. "exit-stop", "stop-loss", etc.) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "hedged" and "straddle" positions, may be as risky as taking simple "long" or "short" positions.

4.2. After-Hours Trading: During regular trading hours, buyers and sellers can trade readily. During after-hours trading, there may be less trading volume, making it more difficult to execute some of your trades. Less trading activity could also mean wider spreads between the bid and ask prices. As a result, you may find it more difficult to get your order executed or to get as favorable a price as you could have during regular market hours. You may also find greater price fluctuations than you would have seen during regular trading hours. News stories announced after-hours may have greater impacts on prices. Prices quoted during after-hours sessions may not reflect the prices quoted during regular hours, either at the end of the regular trading session or upon the opening of regular trading the next business day.

Identification Documents

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No fax or e-mail

We do not have an option for identification documents to be sent by fax or by e-mail. The documents need to be uploaded at identification page. Many of our users do not have a scanner but they go to friends, colleagues, or scan their identification documents in their office.

Upload link, review time

For more information about our identification procedure, please check identification page. Our identification procedure is very efficient and your documents will be reviewed within a few minutes.

Parallel account

If your family member, friend or co-worker (parallel user) wants to open his or her account from the same computer, this procedure should be followed: the parallel user needs to open a new account and to upload his or her identification documents described at identification page; parallel user will then need to contact us on the live support channel accessible through our web site, so we can verify the uploaded documents; parallel user should not use the Streamster software before the documents get verified; otherwise the newly created account will be disabled again.

Trade from same computer

Marketiva allows more than one user to trade from the same computer or location. If two or more users want to trade from the same computer or location they must provide identification documents for all accounts and each account holder must trade his own account at a time.

Reason for ID

We are obliged to follow anti-money laundering (AML) laws and regulations and require picture identification and address verification documents. Picture identification is a passport, driver's license or other type of official document, and an address verification document is a phone bill, a utility bill or similar. Please check identification page for more details.

When to upload

You don't have to upload your ID immediately upon opening your account; however, you will be required to upload it before withdrawing or if your account gets suspended. For more information about our identification procedure, please check identification page. Our identification procedure is very efficient and your documents will be reviewed within a few minutes.

Images too big

The identification upload form only accepts your files if they are in JPEG (.jpg or .jpeg) format, have 100kb maximum filesize each and are uploaded at the same time. You can use Microsoft Paint (Start All Programs Accessories Paint) and its Image Stretch and Skew option (set Stretch to less than 100%) to resize your images and then save in the JPEG format. If you use Windows XP, you can also use ImageResizer that you can download from http://www.microsoft.com/windowsxp/downloads/powertoys/xppowertoys.mspx page.

Common Trading Problems

2009-10-18T00:43:00.000+07:00

Stop-loss not hit

Your stop-loss was not hit by the market yet. Please note that if your position is long (buy), the stop-loss order will be executed only when the bid hits your stop-loss price. If your position was short (sell), the stop-loss order will be executed only when the offer (ask) price hits your stop-loss price

Target not hit

Your target was not hit by the market yet. Please note that if your position is long (buy), the target will be executed only when the bid hits your target price. If your position was short (sell), the target order will be executed only when the offer (ask) price hits your target price

Closed position - Margin call

Your position will be closed if you get a margin call. If the equity balance on your margin trading desk falls below the margin requirement, a margin call will be generated. In the event that a margin trading desk exceeds its maximum allowable leverage, some or all open positions will be liquidated immediately. For more details please check http://www.marketiva.com/index.ncre?page=re-margin-requirements page.

Closed position - Stop-loss hit

Your position will be closed if your stop-loss is hit by the market. Please note that if your position is long (buy), the stop-loss order will be executed when the bid hits your stop-loss price. If your position was short (sell), the stop-loss order will be executed when the offer (ask) price hits your stop-loss price.

Closed position - Target hit

Your position will be closed if your target is hit by the market. Please note that if your position is long (buy), the target order will be executed when the bid hits your target price. If your position was short (sell), the target order will be executed when the offer (ask) price hits your target price.

General Trading Information

2009-10-11T00:39:00.000+07:00

Rates Change Colors

Change column reset

Each trading day session starts at 17:00 EST / EDT (New York local time) so the Change columns reset at that time.

Market alerts

Market alerts notify you about a current or future event on the market. Alerts are triggered 5 minutes before the scheduled event is about to take place. There are many different abbreviations used in language that describe alert notifications. These are abbreviations for economic institutions, instruments, businesses, reports, processes, etc. You can find detailed information on these and similar terms and abbreviations at http://www.wikipedia.org/ web site.

Latest news sources

Marketiva collects news articles from various sources on the internet, extracts summaries and provides links to external web sites where the news articles were originally published.

Instruments available

Marketiva provides trading services in market instruments listed on instruments page where you can filter instruments by their type. The list of market instruments may change in the future.

Other asset classes

We currently provide trading services in market instruments listed on instruments page. There are no immediate plans to offer additional asset classes. In case we decide to expand our services, you will be informed about such changes through our web site.

GENERAL PROBLEMS

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Position profit missing

If you unsubscribe from an instrument price, Streamster will not be able to calculate real-time, indicative profit on positions you have in [Positions] window on that instrument. Streamster will sometimes also need correlated price subscriptions (e.g. EUR/JPY position will need current USD/JPY rate to calculate your current profit in USD currency). To resolve this, you just need to subscribe to receive prices by clicking the Subscriptionsbutton in a price window, click on Searchbutton and then double-click the instruments needed. NOTE: When you close a position, your profit will always be calculated correctly, no matter if the real-time, indicative profit is shown or not.

Forex, Funds, Indexes, Commodities

2009-10-04T00:32:00.000+07:00

Forex Market

Foreign Exchange (Forex) is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets, institutions and entities. Forex traders simultaneously buy one currency and sell another and currencies are always priced and traded in pairs. There is no central physical exchange where Forex transactions occur since currency trading is freely carried out between counterparties, in person, by phone or online.

Current Forex Rates

Our Forex rates are based on current average interbank trading activity. Each instrument has bid price (for you to sell), offer price (for you to buy), last price (average of bid and offer), change from daily open price, highest and lowest daily prices and price update time-stamp.

Funds Market

Investment funds are offered by various institutions, investment banks, financial firms and other entities, and fund shares are purchased and sold through centralized exchanges or in direct retail sale. Funds are often structured to target specific geographic regions, specific industries or investment styles. Fund investors are typically advised to hold their shares for at least one year to offset initial charges and potential drawdowns in fund share prices. Funds are considered long-term investments and are normally not associated with speculative and day-trading.

Current Fund Rates

Our Fund rates are based on Fund pricing models (e.g. net asset value, preset percentage). Each instrument has bid price (for you to sell), ask price (for you to buy), last price (average of bid and ask), change from daily open price, annual yield (profit in the last 365 days), price update time-stamp and currency the prices are quoted in.

Market Indexes

Market index is a representation of value of a set of securities that constitute certain market sector or industry, have similar market capitalization, or are listed on the same exchange. Indexes often serve as barometers against which financial or economic performance is measured. Various methods are utilized to determine index values, some of them favoring market capitalization, others market share or price of a security. Major international market indexes are commonly published in media as indicators of economic trends in various parts of the world.

Current Index Rates

Our Index rates are based on current index values provided by various exchanges and financial institutions. Each instrument has bid price (for you to sell), ask price (for you to buy), last price (average of bid and ask), change from daily open price, highest and lowest daily prices and price update time-stamp.

Commodities Market

Commodities are basic resources and raw or primary products such as metals, energy and agricultural products. These resources and products are traded on commodities exchanges and over-the-counter markets, in which they are bought and sold in standardized contracts. Open auction, which involved traders meeting face-to-face in trading pits, was the primary method of trading before introduction of today prevalent electronic trading systems. Participants in commodities trading range from farming cooperatives hedging against a poor harvest to oil companies and market speculators.

Current Commodity Rates

Our Commodity rates are based on current prices quoted on largest commodity exchanges. Each instrument has bid price (for you to sell), ask price (for you to buy), last price (average of bid and ask), change from daily open price, highest and lowest daily prices, price update time-stamp and currency the prices are quoted in.

Available Instruments

Marketiva provides trading services in Forex, Funds, Indexes, and Commodities instruments listed on instruments page. Please select Commodity in [Type] field and click Filter Instrumentsbutton to get the list with detailed information on the instruments.

Making Money with Forex Trading at Marketiva

2008-08-01T00:20:00.001+07:00

Making Money with Forex Trading at Marketiva in 5 Minutes Or Less Or GET $5 FREE!

What is Marketiva?
With more than 410,000 serviced users, 240,000 unique and live trading accounts, and more than 3.5 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world!

May I open a test account and try the system first?
Because live and virtual trading desks co-exist within one Marketiva account, you may try our system with a regular account and later use the same account for live trading. In any case, you can open your Marketiva account for free!

How much money do I need to start trading right now?
With its flexible quantity specifications and $5 cash reward, Marketiva allows you to start trading with no money down. Due to strict lot specifications, many other over-the-counter market makers require at least $500 to start with.

Where and how do I start?
Before you can start trading, you need to open an account with us (it is free) and download our trading platform (Streamster). To open your account, please visit:
https://www.marketiva.com/index.ncre?page=open-account
and to download Streamster please visit:
http://www.marketiva.com/index.ncre?page=downloads page.

How secure is your software?
Streamster uses industry-standard 128-bit SSL (Secure Sockets Layer) to encrypt the communication between you and the Streamster Server. Streamster protects your privacy by encrypting any and all data received and sent between Streamster and the Streamster Server, and by verifying the identity of the Streamster Server prior to any communication.

Marketiva accepts clients from Nigeria, Kenya, Cote D'Ivore, and many more countries in the world. You can use Wire Transfer from Any Bank using Saving Account or Domiciliary Account for deposit and withdrawal. You can also using e-currency such as E-bullion, Libertyreserve, E-Dinar, and Webmoney for depositing/withdrawing money from Nigeria or other country.

Open Your Account Now and Get Free $5 Cash Reward Directly Deposited to Your Live Desks

Important!:

Please use valid informations such as Real Name, Full Address, Phone Number, Postal Code, City and Country. If you use fake informations, your account will be Automatically Deleted by Marketiva System.
You will need to provide Identification Document and Address Confirmation Document. Your Can use National Identity Card, Drivers License, Passport or any other Official Documents with your Name, Photo, and Full Address issued by Government. If your document does not have address, you will need to provide additional Address Confirmation Document. You can use any official document with your Name (at least family name), Full Address, and Official Stamp. Affidavit Letter, Bank Account Statement, Electric, Phone, Gas, or other Utility Bill will be accepted for address confirmation document, remember that all documents have to be in your own name with your full address.
Identification documents should be uploaded at: https://www.marketiva.com/index.ncre?page=identification.

Free Forex Trading on Marketiva

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Marketiva provides over-the-counter market making services in Forex, Funds, Indexes and Commodities; $5 cash reward, so you can start trading right away without depositing your own funds; trading on 1% margin; zero-interest on open positions, no market commissions; virtual and live desks within one account; industry standard variable spreads; latest news, alerts on market events, chat channels, 24-hour support, sophisticated and easy-to-use direct-trading charting tool, and the best online trading experience.

What is Marketiva?
With more than 410,000 serviced users, 240,000 unique and live trading accounts, and more than 3.5 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world.

May I open a test account and try the system first?
Because live and virtual trading desks co-exist within one Marketiva account, you may try our system with a regular account and later use the same account for live trading. In any case, you can open your Marketiva account for free!

How much money do I need to start trading right now?
With its flexible quantity specifications and $5 cash reward, Marketiva allows you to start trading with no money down. Due to strict lot specifications, many other over-the-counter market makers require at least $500 to start with.

Where and how do I start?
Before you can start trading, you need to open an account with us (it is free) and download our trading platform (Streamster). To open your account, please visit:
https://www.marketiva.com/index.ncre?page=open-account
and to download Streamster please visit:
http://www.marketiva.com/index.ncre?page=downloads page.

How secure is your software?
Streamster uses industry-standard 128-bit SSL (Secure Sockets Layer) to encrypt the communication between you and the Streamster Server. Streamster protects your privacy by encrypting any and all data received and sent between Streamster and the Streamster Server, and by verifying the identity of the Streamster Server prior to any communication.

Marketiva accepts clients from Nigeria, Cote D'Ivore, and many more countries in the world. You can use Wire Transfer from Any Bank using Saving Account or Domiciliary Account for deposit and withdrawal. You can also using e-currency such as E-bullion, Libertyreserve, E-Dinar, and Webmoney for depositing/withdrawing money from Nigeria.

Open Your Account Now and Get Free $5 Cash Reward Directly Deposited to Your Live Desks

Important:

Please use valid informations such as Real Name, Full Address, Phone Number, Postal Code, City and Country. If you use fake informations, your account will be Automatically Deleted by Marketiva System.
You will need to provide Identification Document and Address Confirmation Document. Your Can use National Identity Card, Drivers License, Passport or any other Official Documents with your Name, Photo, and Full Address issued by Government. If your document does not have address, you will need to provide additional Address Confirmation Document. You can use any official document with your Name (at least family name), Full Address, and Official Stamp. Affidavit Letter, Bank Account Statement, Electric, Phone, Gas, or other Utility Bill will be accepted for address confirmation document, remember that all documents have to be in your own name with your full address.
Identification documents should be uploaded at: https://www.marketiva.com/index.ncre?page=identification page.

Marketiva Streamster Platform and Charting

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Download streamster

Streamster is an application you need to download and install on your computer in order to use our services. When you download it from downloads page you need to install the application on your local computer and run it to access our services.

Trade without streamster

In order to trade at Marketiva you have to download and install the Streamster application. There are no other ways to trade. To get the Streamster, please go to downloads page.

Operating system

No linux version

There is only 0.4% of our web site visitors that have Linux OS installed. The release version is much more than releasing an executable and will have to include Linux support that we are currently unable to provide. Unfortunately there is no economical backing to launch a Linux client version at this moment. On the other hand, Marketiva runs all its servers on Linux.

Split, merge windows

merge all windows into one.

Show, hide, reorder columns

Streamster allows you to add, remove and reorder columns in its windows to suit your needs: Click on the Columnsbutton within a window, then select the columns you wish to see and use Move Upand Move Downbuttons to move columns left and right in the window, respectively. Click OK.

Clear trading windows

To remove all executed or cancelled orders, confirmed trades or closed positions from respective trading windows, please click on Clearbutton within the window.

Chat flash, save, clear

When channel name flashes, it means there is a new and unseen chat content in that chat channel. If you want to save text from a chat channel, simply click on the Savebutton and browse to a location where you want to save a log file. If you want to clear text from a chat channel, simply click on the Clearbutton and the chat content will be deleted.

Set up sound, voice, visuals

To setup sound, voice, chat features, and other Streamster settings, please click on the Settingsbutton located at the top of the application window.

Setup chinese, arabic letters

If you want to see Chinese and Arabic letters in the chat instead or replacement squares, you need to open [Control Panel] and go to the [Regional and Language Options]. Select [Languages] tab and click on [Install files for East-Asian languages].

Security

Using API

Streamster API is a simple yet powerful application program interface for access to Marketiva services via the industry standard SOAP protocol, which is widely supported on practically every programming platform, including PHP, Visual Basic, C#, C++, Java and many other languages and platforms. There is no need to install any additional software because the SOAP service is already built into Novativa Streamster. You just need to log on to your account and click the Settingsbutton. Under [Advanced] tab, turn-on [Enable web service API] box and click OK. For detailed information regarding the Streamster API, its methods, structures and sample code, please see API page.

Wiki indicators

We are offering a number of indicators to raise your trading to a higher level. You could easily combine indicators based on different mathematical models to get the best trading results. To read more on various indicators please go to http://en.wikipedia.org/wiki/Technical_analysis page.

Add indicator

To add a new indicator on a chart: right-click within the [Charting] window. On context menu click [Indicators] and click on one of the indicators offered. You are then able to adjust default settings for added indicator, find out more details about the indicator and to remove it immediately. Place cursor within the [Charting] window and click or wait for few seconds for settings pane to hide.

Edit or remove indicators

Click on the curve of the indicator you wish to edit or remove. When the settings pane opens on the left of the [Charting] window, you can change indicator's parameters or click [Remove this indicator]. To remove all indicators from a chart: right-click within the [Charting] window and on the context menu click [Indicators] and then [Remove Active Indicators].

Open multiple charts

In order to monitor multiple charts at the same time, you need to right-click on an existing chart and select [New Charting Tab] option. When the new chart shows up, you can click on its tab and drag it to a place you prefer. You can also save your chart configurations in a chart collection, so you can later open these charts quickly.

Read charts

In the top-right corner of the [Charting] window, you can see market instrument ID and timescale shown in the chart. The x-axis refers to the date and time while the y-axis refers to the selected instrument price. Movement of the instrument's price can be displayed in various forms, like a curve, bars and candlesticks that spread from left to right.

Chart transforms to line

If you see your chart as one horizontal line, it happened because you placed a fixed horizontal line (indicator) for one instrument and then changed to an instrument with a completely different price range (e.g. one instrument can range around 1.2000 and the other can range around 120.00). To fix that, simply remove all the indicators from the chart, by selecting that option in the chart context menu.

Account How To

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Change Name or Username

To change your first or last name, or your username, please go to name change page and send a request. Please make sure you close all open positions and cancel all active orders before sending the request for username change

Change address

To change your contact information, please go to the change contact info page

Add virtual funds

If you have less than $2000 on your virtual trading desk, we are able to refill the virtual funds for you. In that case, please send an e-mail to support@marketiva.com.

Recover password page

Recover password e-mail

Please send an e-mail to support@marketiva.com. Please send us your username, full name, address, zip, phone, security question / answer and all the information you can remember from your account. If the data matches, we will be able to reset and send you a new password.

Change password

Please go to change password page where you can change your password. For security purposes, we recommend you to change your password once per month.

Delete account

We do not allow users to delete their accounts. In case we will allow that our $5 rewards program could be misused and was misused in the past. We provide an option for a user to close his / her account.

Close account

In order to close your account you have to send a message through the closing account page with such a request. The message should contain the reason for the account closure and a confirmation that no new, duplicate account will be opened.

Minimum opening amount

We have no requirements for initial deposit. When you open an account you get real $5 reward and virtual $10000 for training. If you want to open an account please go to open account page and fill out the form there.

One account per person

Trade from same computer

Only you can trade

Each account with Marketiva must be registered for one particular individual and by that same individual. We do not offer corporate accounts or accounts that will be managed by third parties with a limited power of attorney.

Sccount information

To see your account information, username and account number, you can login to your Account Center at account center page.

Portfolio page

The [Portfolio] window displays your current cash and market instrument positions for live and virtual trading desks. Please check portfolio page for more details.

Billing page

A detailed summary of your Marketiva billing transactions can be viewed at billing page.

Positions page

A detailed history of your positions can be viewed at positions page.

Orders page

A detailed history of your orders can be viewed at orders page.

Manage desks

You can create, delete or edit your desks on the desk management page. Each Marketiva account can have up to 32 different desks so you can better organize your funds. Please check manage desks page for more information.

Transfer funds

You can transfer your funds between Default Desk and any other Live Trading desk, or between two Live Trading desks. You can also transfer funds between two Virtual Trading desks. To transfer funds please go to transfer funds page. The Default Desk is for deposits and withdrawals only and you can't trade on that desk.

Account performance

You can check the gross and net profit and other performance parameters of your account, including

maximum drawdown, number of winning trades, number of losing trades and others. Please check account performance page for more information.

Reset account

If you want to reset your Streamster's windows layout and your rates, chat and news subscriptions, please go to reset account page and follow the simple procedure there.

Managed accounts

We currently do not provide managed account services. You can check again later as we might offer that service in the future.

Entry Exit Orders, GTC, GTD, IOC, Limit Stop, Quantity

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Stop-loss

A stop-loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against a trader's position.

Exit-target

Exit target level is a price level at which you want to close your position, when you reach certain profit. You can set the exit target level when you open your position or at any time while the position is open.

Stop-loss & target

Limit & stop

Initiating a trade with a stop order means that you will only open a position if the market moves in the direction you are anticipating. A limit order is an order to buy below the current price, or sell above the current price.

Long & short

Long (buy then sell) position and short (sell then buy) position are

a long position is simply one in which a trader buys a market instrument at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a market instrument in anticipation that it will depreciate. In this scenario, the trader benefits from a declining market.

GTC, GTD, IOC

Full & partial

There is currently no difference if you select full of partial quantity type in your [Send Order] dialog. That field is intended for other asset classes and is not in use for currently available instruments. Please disregard it at this moment.

Flexible quantity

You can specify any position size in our trading system, as we don't have strict quantity specifications. For example, you can specify

1, 3, 7, 23, 154, 837, 3497, 10000, 100000 or any other quantity when you send an entry order.

Point or pips value

Point or pips is the smallest change in a market instrument's price. If a price changed from 1.2000 to 1.2001 or from 201.10 to 201.11, it changed for 1 point. Point value depends on your position size.

Profit calculation

The objective of trading is to buy a market instrument and later sell the same market instrument for a higher price. In case of margin trading, trader can also sell a market instrument first and later buy the same market instrument for a lower price. Either way, trader has to close position in order to lock in the profit.

Let us assume that you open a long position by buying a market instrument for 129.38 (quantity of 10000) and few hours after that, you close the position by selling it for 129.52 (same quantity of 10000). These two trades would bring you profit of (129.52 - 129.38) * 10000 = 1400.

We can also say that these two trades would bring you 14 "points" profit. A "point" is the smallest increment in an instrument's price. For the instrument in the above example, one point is 0.01 and for an instrument denominated with 4 decimals, one point would be 0.0001. Expressing position profits in points is often very useful for quick calculations and estimates.

One point, from the example position above, would bring you 0.01 * 10000 = 100 profit, denominated in the same currency the market instrument is denominated in.

In case of Forex, currency pair denomination will be in the counter currency (JPY is the counter or quote currency in the USD/JPY pair) and you may need additional currency conversion to get profit calculated in the currency your trading account is denominated in.

Goal in trading

Control risk

Execution risks

Market prices always move in point increments. It is often for 1 point, but very frequently the price moves can be for 2, 3, 5 or more points. When markets are volatile (e.g. week openings, news announcements, significant events) instrument prices can move 50 points or more in just one single jump, which can greatly affect execution of your orders. For example, if a price jumps from 200.10 to 200.50 (in just one 40 points move) and your short position's stop-loss was at 200.20, your position would be closed at the current market price of 200.50, which is 30 points worse than your stop-loss level. On the other hand, if your long position's exit target was at 200.20, your position would again be closed at the current market price of 200.50, which is 30 points better than your exit target level.

Position kept open

As a general rule, a position is kept open until one of the following occurs

1) realization of sufficient profits from a position; 2) the specified stop-loss is triggered; 3) another position that has a better potential appears and you need these funds.

Strategy should use

Times to trade live

You can trade from Sunday 17:00 to Friday 17:00 New York local time. Virtual trading is open at all times. Please visit http://www.timeanddate.com/worldclock/city.html?n=179 to check New York local time. The following approximate market schedule is based on New York local time

Japan markets open at 19:00 followed by Singapore and Hong Kong that open at 21:00. European markets open in Frankfurt at 2:00, while London opens an hour later. New York markets open at 8:00 (NYSE opens at 9:00). European markets close at 12:00 and Australian markets start again at 18:00.

Spread list

Marketiva masters

You can see the list of top traders on our virtual trading desks, who took part in the Marketiva Masters tournament, at marketiva masters page and see how successful they are. You can compete in the tournament by just trading on your virtual trading desk.

Deposit and Withdrawal

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Deposit methods

Withdrawal methods

Deposit by wire

We provide the bank wire transfer deposit option, which is the most universal payment method available at any bank in the world. To use this method you need to verify your Marketiva account first, and then to submit the form at deposit by wire transfer page. You then need to visit your local bank and manually initiate the same transaction you submitted through our online form.

Deposit by webmoney

Please go to deposit by webmoney page if you want to deposit funds by WebMoney. You will need to have a WebMoney account, which can be opened at www.wmtransfer.com web site. WebMoney deposits are instant

Deposit by liberty reserve

Please go to deposit by libertyreserve page if you want to deposit funds by Liberty Reserve. You will need to have a Liberty Reserve account, which can be opened at www.libertyreserve.com web site. Liberty Reserve deposits are instant

Deposit by e-dinar

Please go to deposit by e-dinar page if you want to deposit funds by E-Dinar. You will need to have an E-Dinar account, which can be opened at www.e-dinar.com web site. E-Dinar deposits are instant

Withdrawal procedure

In order to request a withdrawal, your need to verify your account (once only) by uploading your identification documents. If your account is already verified (the system indicates so on the identification upload page), you need to transfer the funds to the Default Desk by going to the transfer funds page. You then need to go to the withdraw funds page and request your withdrawal

How long for withdrawal

For security reasons the withdrawal process is never automated. Digital currency withdrawals take 6-24 hours to process. Wire transfer withdrawals take 2-7 business days

Withdrawal to same account

Regardless of the deposit method, you may only withdraw funds to the account(s) you have previously deposited from.

Deposit from a friend account

Regardless of the deposit method you choose, the originator of the funds must always match the name listed on your account. This is in accordance with international AML (Anti-Money Laundering) laws and regulation.

Withdraw multi-deposit

If you deposit funds using different deposit methods you will have to withdraw your funds in the same proportion. For example, if you deposit $100 through WebMoney and $500 by wire transfer, and you make $400 profit, then you will be able to withdraw $100-500 to WebMoney and $500-900 by wire transfer.

Minimum withdrawal

The only requirement for withdrawal amount is account balance in excess of our withdrawal fee. Please check price list page for more information on the withdrawal charges.

Minimum deposit

The minimum deposit is just $1 :) There is no maximum deposit; you may deposit as much as you like

Withdraw $5 reward

No matter if a customer uses the $5 reward or makes additional deposits to create profits, he / she will be able to withdraw all funds at any time.

Withdrawal charges

Please check price list page for more information on the withdrawal charges.

Deposit charges

Marketiva credits your account with the exact amount we receive from a payment processor. For WebMoney, you can go to http://www.wmtransfer.com/eng/about/fees/index.shtml page. For Liberty Reserve, you can go to https://www.libertyreserve.com/en/fees/index.aspx page. For E-Dinar, you can go to http://www.e-dinar.com/html/4_4.html page.

Trading How To

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Subscribe to an instrument

To subscribe to updates for a chosen market instrument: click Subscriptionsbutton in a price window. Under Subscribe section, click the text field and type in the desired market instrument name. You can also specify a part of a name for example, typing A will display all market instruments that have letter A in their names. Click Searchbutton. Within the search results box, double-click the name of any market instrument you wish to subscribe to. The name of the market instrument will appear in the box with active subscriptions. Click OKto confirm your subscriptions.

Close open position(s)

To close an open position: within the [Positions] window, click on the row of the position you wish to close. Click on Close... button and the position will be set to status CLOSED. To close multiple positions: Click on Close Allbutton within the [Positions] window.

Edit target or stop-loss

To edit a position, it must have OPEN status: within the [Positions] window, click on the row of the position you wish to edit. Click on Change... button. You are then able to enter or change parameters: exit stop-loss, exit target and text written in the text column. Click OK.

Cancel active order

To cancel one order, it must have ACTIVE status: within the [Orders] window, click on the row of the order you wish to cancel. Click on Cancel... button and then confirm it. To cancel orders that have ACTIVE status, click on the Cancel allbutton in the [Orders] window. You will be asked to choose to cancel buy, sell or all orders. Make your choice and click OK. Orders you chose to cancel, if active, will receive CANCELLED status.

Edit active order

To edit an order, it must have the ACTIVE status: within the [Orders] window, click on the row of the order you wish to edit. Click on Change... button. You can then change order parameters shown in the [Change Order] dialog. Click OK.

Leverage we offer

We offer 1:100 leverage on margin trading desks. You can also think of that as 1% margin requirement.

Margin differences

Margin requirement for Forex instruments is calculated as percentage of your position quantity denominated in default desk currency, while margin requirement for Index and Commodity instruments is calculated as percentage of your position quantity multiplied with price of the instrument traded at the time of position opening.

Margin requirement

Our margin requirement on margin trading desks is 1%, which means that if you want to trade with quantity 300, you will need to have at least $3 on your Forex trading desk or at least 3 times current instrument price on your Index or Commodity trading desk. When you open a position, we will lock margin requirement amount until you close the position. We temporarily lock the margin as a security in case of large market movements.

Margin call work

If the equity balance on your margin trading desk falls below the margin requirement, a margin call will be generated. In the event a margin trading desk exceeds its maximum allowable leverage, some or all open positions will be liquidated immediately. For more details please check http://www.marketiva.com/index.ncre?page=re-margin-requirements page.

Overnight interest

Marketiva has introduced Zero-Interest policy on all open positions. No overnight interest is currently charged or paid on open positions. Most of other market makers charge Overnight Interest as a cost of carry associated with holding a position for more than one day.

Zero-interest

Marketiva has introduced Zero-Interest policy on all open positions. No overnight interest is currently charged or paid on open positions.

Stop-loss and target example

Here is an example that will help you with exit target and exit stop-loss levels

if you open a long position at 1.2000, your exit target should be at a higher level, for example 1.2020, and your exit stop-loss at a lower level, for example 1.1980. If you open a short position at 1.2000, your exit target should be at a lower level, for example 1.1980, and your exit stop-loss at a higher level 1.2020.

Limit & stop order example

Position lifetime

Used margin and margin call example

Here is an example that will help you understand margin requirements

If you have $15 on a trading desk and you open EUR/USD position with quantity of 1000, used margin will be $10 (1% of $1 * 1000) and you will have $5 left as the available margin. If your loss on the position reaches $5, the position will be closed by a margin call. In case current price of Silver is $12 and you open a position with quantity of 100, used margin will be $12 (1% of $12 * 100) and you will have $3 left as the available margin.

About Marketiva Company Legal

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Services offered

Regulation, address (about us)

Marketiva is a financial services corporation specialized in providing traders with high quality online trading services. You can find an extensive profile of our company at the about us page.

Specific detail

You can visit our about us page for that detail and for other relevant information about our company.

Registration numbers

Please visit our about us page where you can use the links at the top for details on our registration numbers.

Founding year

Marketiva was founded at the beginning of 2005 by a group of financial professionals and computer scientists. Our team has over 30 years of combined experience in financial markets. Marketiva is one of the most popular over-the-counter market makers in the world.

Banking information

Client funds held with Marketiva are maintained in separate accounts for the sole purpose of the clients' trading activity and are never commingled with operating capital of the company. Withdrawals from these bank accounts occur only as a direct result of clients' trading activities or an authorized request for withdrawal. You can find more information at about us page.

Company phone number

We opted to utilize the next-generation customer support system that employs artificial intelligence technology, instead of less efficient phone support. Traditional phone-based customer support requires customers to make long, frequent expensive international calls that would over time incur high cost on the customer.

Not understanding legal statements

Legal age

Legal age is an age when it is allowed for a person to enter into a legal agreement. If a person is under the legal age in his or her country, agreement that such person executes is not valid. If you are not of legal age, you cannot open an account and trade with us. In case your parents provide us with a statement they will guide you through the trading process, they agree to be fully responsible for all your losses and gains and adherence to the terms of all agreements required, they can open an account and you can trade on it.

Islamic accounts

Marketiva has introduced Zero-Interest policy on all open positions. No overnight interest is currently charged or paid on open positions. For that reason there are no conflicts between Marketiva's service and Islamic Riba prohibition.

Marketiva Online Forex Trading

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What Is Marketiva?

Marketiva is a market maker for instruments traded on the over-the-counter foreign exchange (forex) markets. Through Marketiva, you can buy or sell instruments like EUR/USD, GBP/JPY and others. Marketiva also provides services like discussion channels, latest forex news, trading signals and alerts, charting services and many more.

Marketiva provides spot forex on major currency pairs and crosses; $5 cash reward you can start trading right away; tight spreads from 3 pips; trading on 1% margin; virtual and live desks within one account; latest news, alerts on market events, signals, no market commissions; zero-interest on open positions, 24-hour support, chat channels, the most sophisticated and easy-to-use forex charting tool; ability to trade from the charts and the best forex trading software available!

Open your Marketiva Account Now! It is free!
Get $5 cash reward you can start trading right away!

Forex Market
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. In comparison, the daily volume of the New York Stock Exchange is approximately US$30 billion per day.

Until now, professional traders from major international commercial and investment banks have dominated the FX market. Other market participants range from large multinational corporations, global money managers, registered dealers, international money brokers, and futures and options traders, to private speculators.

There are three main reasons to participate in the FX market. One is to facilitate an actual transaction, whereby international corporations convert profits made in foreign currencies into their domestic currency. Corporate treasurers and money managers also enter the FX market in order to hedge against unwanted exposure to future price movements in the currency market. The third and more popular reason is speculation for profit. In fact, today it is estimated that less than 5% of all trading on the FX market is actually facilitating a true commercial transaction.

How It Works
Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen. In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In every open position, an investor is long in one currency and shorts the other. FX traders express a position in terms of the first currency in the pair. For example, someone who has bought dollars and sold yen (USD/JPY) at 104.37 is considered to be long US Dollars and short Yen.

The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, including the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

The FX market is considered an Over The Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

Factors Affecting the Market
Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the Forex market makes it impossible for any one entity to "drive" the market for any length of time.

Fundamental vs. Technical Analysis
Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumor.

The most dramatic price movements however, occur when unexpected events happen. The event can range from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectations surrounding an event that drives the market rather than the event itself.

Buying and Selling
In the forex market, currencies are always priced and traded in pairs. You simultaneously buy one currency and sell another, but you can determine which pair of currencies you wish to trade. For example, if you believe the value of the euro is going to increase vis-á-vis the U.S. Dollar, then you would go long on EUR/USD instrument (currency pair). Obviously, the objective of forex currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought / sold one currency pair and has not sold / bought back the equivalent amount to effectively close the position.

Market Conventions
Market conventions are rules and standards imposed by a governing body. In case of decentralized forex market these conventions might differ due to many national regulators (FSA, FSC, CFTC, NFA, BCSC, etc.). Since there is no central governing body that sets forex market rules and standards, we will reference only these that are universal.

Quoting Conventions
The first currency in the pair is referred to as the base currency, and the second currency is the counter or quote currency. The U.S Dollar is usually the base currency for quotes, and includes USD/JPY, USD/CHF, and USD/CAD. The exceptions are the Euro (EUR), Great Britain Pound (GBP), and Australian Dollar (AUD). As with all financial products, forex quotes include a "bid" and "ask", which is more often called "offer" in the forex market. The bid is the price at which a forex market maker is willing to buy (and you can sell) the base currency in exchange for the counter currency. The offer is the price at which a forex market maker will sell (and you can buy) the base currency in exchange for the counter currency. The difference between the bid and the offer price is referred to as the spread.