How to Read Your Interbank FX Statements

1. A/C Summary - The Account Summary pane in the upper left highlights the overall summary of the account.

1a. Previous Equity is the equity at the beginning of the statement period. This will equal the Ending Equity from the prior statement period.

1b. Deposit / Withdrawal marks all deposits, withdrawals and balance adjustments made during the statement period

 

1c. Trade P/L is the total profit / loss by trading activity during the statement period, excluding other fees such as commissions and swap

1d. Commission is for any commissions charged by Introducing Advisors or Money Managers

1e. Swap is the interest swap for the statement period

 

1f. Total P/L is the sum of the previous values: trade P/L, commissions and swap

1g. Used Margin is the total amount of margin used for all rolled-over positions. This value will match MT4 at the time the statement is generated

1h. Cash Available marks the amount in the account available for either withdrawal or new positions (Ending Equity minus Used Margin)

1i. Ending Equity is the sum of the following for the statement period: previous equity, deposits and withdrawals, and total P/L

2. Account Activity The Account Activity displays all trades for the statement period, showing in order of execution time. Unlike MT4, all transactions are displayed as buys and sells; for example (2a), a closed 'Buy' order in MT4 is netted out by opening a 'Sell' for the same currency pair and lot size.
3. Rollover Activity – Positions not netted out during the statement period are rolled-over into the next trading day. Before a trade can be rolled-over, it is first netted at current market price (indicated as Net in the Rollover column), then re-opened at the same price (indicated as Roll). Note: this procedure does not re-charge spreads.
4. Balance Activity – This shows any other transactions that occurred during the statement period. Deposits and withdrawals, for example, are included in this section.