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Open trade on a demo account


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Hi , I am new here and still on a demo account. This has been happening to me all day for the first time, when I open long buy trades , it puts me in high minus straight away, even when the rate is above where I entered.can someone explain to me what’s happening here thanks. I have attached a screen shot . 
thanks2102DEE6-1760-406B-B333-37E3E0757086.thumb.png.0116bfd5d9a1d5d74c19fbcc4170b74e.png

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On 17/03/2023 at 23:20, Josh said:

Hi , I am new here and still on a demo account. This has been happening to me all day for the first time, when I open long buy trades , it puts me in high minus straight away, even when the rate is above where I entered.can someone explain to me what’s happening here thanks. I have attached a screen shot . 
thanks2102DEE6-1760-406B-B333-37E3E0757086.thumb.png.0116bfd5d9a1d5d74c19fbcc4170b74e.png

Hi @Josh

Immediately after opening your trade, you’ll notice that your position will start at a loss equal to the spread at the time you placed your trade.

Say you wish to purchase 1 contract of the FTSE 100 (1 contract is valued at £10 per point), and the full spread between the bid and ask price is 1 point.*

The spread cost of this trade would be 1 contract x £10 per point (value of the contract) x 1 point spread = £10

Therefore, your position would open at a loss of £10 to pay off spread. 

All the best, OfentseIG

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