Accounts, Platforms & Orders: Course Quiz

Course quiz

1. Which of these does a demo account usually NOT reproduce faithfully?

   Spreads Order types Slippage and the emotional effect of losses
2. Raw spread 0.2 pips, commission $3 per side per lot, versus a standard spread of 1.0 pip. Which is cheaper per standard lot round trip?

   Standard at $10 Raw at $8 They are equal
3. Why do brokers add an administration fee to swap-free accounts after a grace period?

   To fund charity To replace the swap income and stop everyone holding high-interest pairs free Regulators require it
4. What is an expert advisor?

   A broker's account manager A program that runs in MetaTrader and can trade automatically A type of chart
5. What does broker integration with TradingView let you do?

   Get free paid plans Trade from TradingView charts using your broker account Avoid spreads
6. Which feature is most often missing from web and mobile versions of MetaTrader?

   Charts Expert advisors The ability to close trades
7. Most platforms draw charts using which price?

   The ask The bid The midpoint
8. You intended to trade 0.10 lots and entered 1.0. What has happened to your risk?

   It is the same It is ten times larger It is ten times smaller
9. Balance 5,000, open loss 400, margin 800. What is the margin level?

   625 percent 575 percent 500 percent
10. You place a market buy on EUR/USD at 1.1000 during a major news release and are filled at 1.1006. What is the 6 pips?

    A commission Slippage The spread
11. EUR/USD is 1.1000. You want to buy if it rises through 1.1050. Which order?

    Buy limit at 1.1050 Buy stop at 1.1050 Sell stop at 1.1050
12. Why can a stop loss fill worse than its level while a take profit cannot?

    Brokers prefer losses A stop becomes a market order when triggered; a take profit is a limit order Take profits are guaranteed by regulators
13. On MetaTrader 4 desktop, what happens to a trailing stop when you close the terminal?

    It keeps trailing on the server It stops moving and stays at its last level It is cancelled
14. Over a month, all your fills are worse than the quoted price and none are better. What does this suggest?

    Normal market behaviour Possible asymmetric slippage, worth questioning the broker Your internet is slow
15. Which order fills at a better price than its level in a gap?

    A stop loss A limit order A market order
16. Which order type waits to buy below the current price?

    Buy stop Buy limit Market buy
17. Equity is:

    Balance minus margin Balance plus open profit or loss Free margin plus swaps
18. Which platform runs expert advisors written in MQL5?

    MetaTrader 4 MetaTrader 5 cTrader