Frequently Asked Questions
- What are the recommended brokers?
Fx Splitter will work well on most brokers, 4-digits and 5-digits alike. You might wish to choose a broker with a small spread for the pair you will trade on and moderate slippage. If your account deposit is not large enough for proper Money Management setup, you may wish to use a cent account and this will restrict your choice of broker, as not all of them offer cent accounts.
- What is the recommended leverage?
We recommend leverage 1:500, as it minimizes the marginal load on your deposit. But smaller leverages like 1:300 and 1:200 are also possible.
- What timeframe should it run on?
Fx Splitter should be run on H1 timeframe.
- What currency pair should it run on?
Fx Splitter works best on EURUSD pair. It can, however, work on other pairs (particularly, AUDUSD, EURGBP, GBPUSD,NZDUSD…).
- How often does it trade?
Depending on settings, Fx Splitter opens a trade every hour or every several (2-6) hours. If the market conditions are not suitable for opening a trade, Fx Splitter might skip the trading time slot or, otherwise, open several trades at one time slot.
- Do I have to keep my computer on 24/7?
Fx Splitter should keep working 24 hours a day from the market opening on Monday to the market closing on Friday. You can switch computer off during weekends and banking holidays but it is not necessary. Usage of Virtual Privat Server (VPS) service is recommended but not required.
- How many accounts are included into license?
All Fx Splitter licenses are for two trading account. The trading account can be changed at any time. In order to change the account, you need to send us an e-mail with the request.
- How to activate my license?
After you bought your license, you need to send us the number of your trading account by e-mail.
- Do you offer refund?
Yes. If for any reason you are not satisfied with our product, we guarantee you full refund within 30 days from the payment date.
- How to set up the starting lots size?
We recommend the starting lots of 0.01 per each 7,000 currency units of your account.
- What is the minimal account deposit for live trading?
You can start with as little as 70$. For this, you will need a cent account with minimal lots size of 0.01. Since 70$ correspond to 7,000 cent currency units, the starting lot of 0.01 will provide you the recommended Money Management settings. Some of the brokers that offer this type of cent accounts are: Trading Point, Trade Fort, Profi Forex, Insta Forex, Forex4you.
- How to download the settings advisor in MT4?
Short video on how to install Forex Expert Advisors, how to modify the EA settings. In this video you will learn about expert advisors in forex and how to execute them successfully. http://www.youtube.com/watch?v=_wiXIFv-gM0
- Is Fx Splitter compliant with the NFA regulations?
Unfortunately not. If you wish to use Fx Splitter, it will have to be on either a non-NFA regulated broker or an off-shore broker. Do not let this scare you though, there are plenty of trustworthy off-shore brokers that we use as well as many traders around the world.
Fx Splitter license types:
1. First license
Validity: One license is valid for TWO trading accounts, real or demo.
The account numbers can be changed at any time free of charge, without any restrictions.
Money back guarantee: 30 days, unconditional
2. Second license
Validity: This license is reserved for clients who already have purchased the first license of Fx Splitter and would like to add TWO additional trading accounts. In order to activate your second license you will have to provide a confirmation of purchasing the first license. One second license is valid for two additional trading accounts. The number of the accounts can be changed at any time, free of charge.