What zero cut is
Zero cut means that if your account balance goes negative, we absorb the shortfall. Your loss is limited to what you deposited, and nothing further is requested.
Why a balance can go negative
A stop-out is normally executed when the margin level falls below 30%. But when price gaps — over a weekend, or immediately after an economic release — a position can be filled far beyond the stop-out level. The loss then exceeds the balance.
Compared with a margin call
On an account with margin calls, you are asked to pay the shortfall. On 200,000 JPY of margin with a 350,000 JPY loss, that is a 150,000 JPY demand. Under zero cut the same situation produces no demand, and the loss stops at the 200,000 you deposited.
When it is applied
Negative balances are checked and reset to zero on our side. No request from you is needed. The full conditions are set out in the Terms of Service.
Losses still occur
Zero cut prevents losses beyond your deposit. It does not prevent losses. Losing the full deposited amount remains possible.
This page explains our trading conditions and is not a recommendation to trade. Please see the Terms of Service for the full conditions.
Getting started is simple
Opening an account is free and the application is completed online in 3 to 5 minutes.
Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.
This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.