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Frequently Asked Questions :: |
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In this section we
hope you find answers to some of the more commonly asked
questions |
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- How much do I need to open a live trading account?
- You can start trading with as little as $250.00
- Where are my funds kept?
- Your funds are kept in a omnibus account at our FCM's Bank. Client funds are segregated from operational funds.
- How do I fund my account?
- Several funding option ar available to you. Click here to view them
- How can I withdraw from my account?
- Where is the Foreign Exchange located?
- The foreign exchange does not have a central location, being that it is not centralized (i.e. New York Stock Exchange, London Stock Exchage)
- How do I open a new account?
- Is trading currencies expensive?
- You pay net prices. The only additional fee is interest.
- When is the best time to trade?
- 24 hours a day, 5 days a week. Best times vary depending on which currency you are trading.
- What currency pairs are traded the most?
- EUR/USD, USD/JPY, and GBP/USD
- Do you offer charts?
- Yes, the MetaTrader 4 platform has built in customizable charting
- Can I trade on my PDA?
- Yes, If you have a handheld device and wish to trade on the Mobile platform, click here
- Will I have access to historical account data?
- Yes, at any time you may request a history report on all trades made in your account directly from the platform or click here to sign in and view your trade history online
- What happens if I am in a position and I lose power?
- All problems with individual trades will be addressed by our FCM. For trading emergencies please call 631-553-8827
- What is a Bid and a Ask price?
- Bid – amount if you sell. Ask – amount paid if you buy
- Do you offer free Demo's of your trading platform?
- What are your spreads?
- Spreads vary by currency. They are between 2 and 3 fixed.
- What kind of leverage do you offer?
- Our FCM, offers 100 to 1 leverage by default. In some circumstances, you can request an increase in leverage (up to 400:1). All request are to be made to our FCM.
- What is a margin call, and how can I protect myself against one?
- A margin call is when you are at a 50% loss of value reflected in your account balance. Account liquidation takes place when you are at a 70% loss.
To protect yourself from margin calls, trade with stop/losses.
- How often can I trade?
- There is no limit on how often you can make.
- Do you allow scalping?
- How do I get a username and password for the Multi-Terminal Demo?
- To use the Multi Terminal you must register and download and install the MT4 demo first. The same username and password issued at the end of the installation can be used for the multi Terminal Demo
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| Disclaimer: Trading currencies on the foreign exchange is
not for everyone and carries a high risk level. The possibility
exists that you could lose some or all of your deposited funds.
Consider carefully your monetary objectives, level of experience
and risk tolerance. |
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