What is Forex?
Foreign Exchange or Forex is the synchronized purchasing of one currency and the selling of another. It is the largest financial market worldwide, exchanging over $4 trillion every day. The markets are banks, institutional investors, corporations, governments, as well as retail traders.
When is the Forex Market open for trading?
Forex is a 24 hour global marketplace. Trading begins each day in Sydney and moves around the globe as the Tokyo, London and New York markets become active. Traders are able to respond in real-time to any fluctuations created by political, economic and social events.
Is there a physical location for the Forex Market?
Foreign exchange trading is not managed through a physical exchange. The Forex Market is an inter-bank or OTC (over-the-counter) market as transactions are conducted between two counterparts.
What is the minimum balance required to open an account?
To find out more regarding our various accounts and their respective minimum trading requirements, please submit your details through our contact page and one of our dedicated account managers will be in touch.
How safe are my funds?
With a Trade-Market account, your funds are held in an account in your own name. You retain complete control off your funds at all times. Managed account traders are given ¨trade-only¨ access, and you are the only person with access to withdraw funds for total piece of mind. You may withdraw from your account freely with no fees or restrictions.
Your funds are ring-fenced from the funds of our own company and held with an AAA rated bank in Dubai.
Am I subject to Tax?
All clients are obligated to fulfill tax requirements in their particular country.
How do I withdraw funds from my account?
You may withdraw funds quickly as easily through the Trade-Markets Web. Once logged in select the Portfolio window, and click to submit the withdraw request form. Withdraw requests will be processed via bank wire transfer. Requests will be processed same day if received before 14:00 GST. Withdraw requests will be processed next business day if received after 14:00 GST, or on a weekend or public holiday.
What is a pip?
It´s the smallest increment a currency pair can change. A pip is generally the fourth decimal spot of a quote. The exception is JPY, where a pip is typically the second decimal spot. You measure pips to determine your profit or loss.
In the event that the EUR/USD moves from 1.3640 to 1.3641, that change is equivalent to 1 PIP. If we buy the EUR/USD at 1.3640 and it moves to 1.3650 we have made a profit of 10 pips.
What is leverage?
Leverage allows you to trade larger positions in the market than your deposited amount. You can leverage your position to magnify the gains you make in the market.
Leverage can be applied to traders to expand their trading potential while multiplying their exposure on a particular order. Trade-Markets offers leverage at the levels of 1:1, 1:2, 1:3, 1:5, 1:10, 1:15, 1:33, 1:50, and 1:100.
For example, if you are trading your deposited balance of $10,000 at a leverage of 1:10 you are controlling a $100,000 position in the market.
Where do I get charts, news and economic calendars?
Charts, news, economic calendars are integrated both integrated into our website and the Trade-Markets Web Platform. You are able to follow the latest economic developments, even when you are on the go with our mobile platform.