WorksheetsMonthly Quiz
Total questions: 10
Worksheet time: 22mins
Client makes a deposit in GBP to the account with EUR account currency. What conversion rate will be used?
(EURGBP ask + EURGBP bid) / 2
EURGBP ask price
EURGBP bid price
GBPUSD bid / EURUSD bid
What is the closest price you can set a sell stop pending order for UKOILm if the current price is at 29.618/29.654 ? (Assuming stop level for UKOILm equals to 13 points)
29.784
29.748
29.488
29.844
Client from India just opened an account, has verified POI, and funded the account with CC, Skrill and Perfect money. Can the client make an internal transfer of $200 to another client from India?
No, as the payment methods used by the client does not allow internal transfers to other personal areas
Yes, but only if client deposited at least $200 using Perfect Money as only the part coming from Perfect money can be internally transferred
Yes, but only if client deposited at least $200 using Perfect Money and Skrill as only the part coming from Perfect money and Skrill can be internally transferred
Yes, if both clients have verified POI and POR
Which of the following statements are correct?
i. For clients, grace period starts from the date of registering the PA.
ii. For partners, grace period starts they sign up their first client.
iii. Within the grace period clients/partners just need to verify POI and POR to complete full verification.
iv. During the COVID quarantine period, grace period is extended till May 31 for those who are currently running grace period.
i and ii
i, ii and iii
ii, iii and iv
ii and iv
What is the minimum point for trailing stop in ECN account?
The minimum trailing stop point depends on stop level points for each particular currency which is shown in contract specification.
You can set a trailing stop with a price within the spread.
Minimum point for a trailing stop should be equal to or exceed the current spread.
Due to MT4 limitations, trailing stop cannot be closer than 15 pips or 1.5 points to opening price.
What are the requirements to become Advanced Partner (25% Partner Reward)?
i: Fully verified personal area
ii: Average trading volume within the last 90 days for CN and TH minimum 15 mln USD, for the rest - min. 5 mln USD)
iii: Minimum 3 active clients
ii only
i and ii
ii and iii
All of the above
Client opens a sell order at 1.16114 and sets Trailing stop 10 points(=100 points in MT4), the price continuously goes down and reaches 1.15904 (ask). At what level will SL be set once the price reaches 1.15904?
1.16114
1.16014
1.16004
1.15914
Client made a single withdrawal from his bitcoin account but sees 2 transactions in his external bitcoin wallet. Why?
Transaction was separated into two as the block was full.
Part of the amount was processed by finance while the other part was processed by miners.
Part of the amount came from client's Exness wallet while the other part came from Exness corporate wallet.
Client had 2 bitcoin accounts in his Personal Area.
Which of the following statements is true regarding Higher Margin Requirement?
Higher Margin Requirements takes effect 3 hours before the market closes and 2 hours after the market opens during winter.
Higher Margin Requirements takes effect 3 hours before the market closes and 1 hours after the market opens during winter.
Higher Margin Requirements takes effect 3 hours before the market closes and 2 hours after the market opens for both summer and winter.
Higher Margin Requirements takes effect 3 hours before the market closes and 1 hour after the market opens for both summer and winter.
In which of the following cases would client receive a higher margin
requirements notification in MT4?
Client account is archived
Client account leverage is lower than higher margin requirements
Client uses demo account
Client has already received a notification for this account on a
different application
