The account this site links to

A pattern on a chart, beside an order that needs a size and a stop

A pattern drawn on a chart is not an order. An order is placed on the trading platform, and the platform's order ticket carries its own fields for a stop loss and a take profit. The chart shows where a pattern formed in the stored price history; the order ticket is where a trader decides the size of the position, the direction, and the levels that would close it. The two are separate, and a chart never places an order on its own.

The broker offers several platforms: MT4, MT5, cTrader, the FxPro Edge web platform, and a mobile app. The same chart can be opened in several places, but the order ticket is the same in every platform: a trader must enter a size and a stop before the order is sent. The site does not tell a reader what size or stop to use. Those are the trader's own decisions, and they depend on the account size, the risk the trader is willing to take, and the rules the trader has set for himself.

What a contract on gold, a currency pair or an index is and is not

FxPro quotes gold, currency pairs and share indices as contracts for difference. A contract for difference is an agreement between the trader and the broker to exchange the difference between the opening price and the closing price of the contract. Nothing is delivered, weighed, stored or exchanged at a counter. A trader who buys a contract on gold does not own gold, and a trader who sells a contract on the PSEi does not own the shares in the index.

The price of a contract for difference moves with the price of the underlying instrument, but the contract itself is a derivative. The trader's gain or loss is the difference between the entry and the exit, multiplied by the size of the contract, less the costs the broker charges. The broker may charge a spread, a commission, or both, and may also charge overnight financing if a position is held past a certain time. Those costs are set out in the broker's terms, and a reader should read them before trading.

What to read in the terms before an account is opened from the Philippines

Opening an account with FxPro requires identification, and the process takes a day or two. The broker will ask for documents to verify the reader's identity and address, and the account will not be opened until the verification is complete. A practice account exists and costs nothing, and a reader can use it to see how the platform works before opening a live account. The practice account does not require a deposit and does not expose the reader to real losses.

The terms set out the costs of trading, including the spread, commission, and overnight financing. The terms also set out the risks, including the risk of loss from leverage. A reader should read the terms before opening an account, and should not open an account with money the reader cannot afford to lose. The broker is an international broker, and the reader's local laws may affect how the account is taxed or reported. This site does not give tax advice, and the reader should ask a local tax adviser if in doubt.

The account is opened with a company in the FxPro group, registered with the FCA in the United Kingdom and CySEC in Cyprus. It is not registered with the Securities and Exchange Commission of the Philippines. That changes what is available if something goes wrong: the protections that apply to a firm licensed locally do not reach a firm abroad, and a domestic complaint route is not open. Check the registration yourself before sending money.