The Comprehensive Guide to Sub-Accounts in Trading: Benefits, Setup, and Best Practices
Why To Create Additional Accounts In The Client Area Or CRM
By Default, All Spectra Live Account Holders Are Provided With A Primary Trading Account. This Account Is Compatible With Our KYC & Compliance & Regulation & Comes With The Hedging Functionality.
You Can Create Up To 20 Accounts In Any Of Our USD Accounts Of 3 Types
Potentially Diversifies Your Risk:
You Can Use Different Accounts To Use Different Trading Strategies.
You Can Also Hedge Or Diversify Currency Rate Risk. Additional Accounts Allow You To Allocate Your Funds Into Different Currencies.
If Hedging Is Enabled, You Can Simultaneously Hold Long And Short Positions In The Same Instrument.
If Hedging Is Not Enabled, Same Instrument Trades In Opposite Directions Will Be Closed.
Segregates Your Trades:
If One Account Undergoes A Margin Closeout, Your Trades In Other Accounts Are Not Affected.
Creates A Sub-Account:
Sign In To The Client Area
From Accounts, Click Add New Account And Enter The Required Information As Shown In The Following Images:
Enter An Account Name . You Can Edit The Account Name Even After You Have Created The Account.