Global Volatility: Service Center
Market volatility has caused unusually high wait times. In order to service your needs efficiently, we have complied a list of the most frequently asked questions during this time.
We will continue to provide updates as the situation evolves, we encourage you to check back often to learn about the status and any changes of our service.
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What is the fastest way to fund my account?
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bank wire transfer
A bank wire transfer is one of the most popular funding methods in forex trading. It involves transferring funds directly from your bank account to your forex broker’s account. To fund your forex account using a bank wire transfer, you need to provide your forex broker with your bank details, such as your bank name, account number, and routing number. The funds will be credited to your forex account within a few business days.
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Credit/Debit Cards
Most forex brokers accept credit/debit cards as a funding method. It is a convenient and fast way to fund your forex account. To fund your forex account using a credit/debit card, you need to provide your card details, such as the card number, expiry date, and CVV number. The funds will be credited to your forex account instantly.
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E-Wallets
E-wallets, such as PayPal, Skrill, and Neteller, are popular funding methods in forex trading. They are convenient and fast, and the funds are credited to your forex account instantly. To fund your forex account using an e-wallet, you need to provide your e-wallet details, such as your email address and password.
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Cryptocurrencies
Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, are becoming popular funding methods in forex trading. They offer fast and secure transactions, and the funds are credited to your forex account instantly. To fund your forex account using cryptocurrencies, you need to provide your forex broker with your cryptocurrency wallet address.
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Conclusion
Funding your forex account is a crucial step in forex trading. You need to choose a reliable Forex broker, open an account, choose a funding method, and fund your account. It is essential to choose a funding method that is convenient for you and has low transaction fees. By following the steps outlined in this article, you can fund your forex account and start trading forex.
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What are current Margin Requirements?
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All foreign exchange contracts are traded on margin. This means that traders only have to place a small percentage of the value of the contact traded. The result of this is incredible leverage, providing traders the means to magnify potential trading profits much more than had they been required to invest the total face value of the contract traded.
The margin must be provided before any trade is executed. Also, it is prudent to deposit additional funds to cover any margin requirements, should the position not perform as expected.
If markets move against the trade, the margin covers the loss until that loss is realized. If markets move in favor of the trade, the margin remains in the account. If markets move against the trade and then return to profitability, the margin is returned.
Margin minimizes risk for both the trader and the broker, limiting the broker’s exposure and the amount the trader can lose in any given trade. It is a security buffer to ensure all market participants can honor their trading obligations.
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What is a ‘Limit Up/Down’?
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Limit down and limit up are a factor many traders have come to know quite well through recent times of volatility in equity markets and the collapse of oil.
Price circuit breakers - or what is commonly known as the ‘limit up’ and ‘limit down’ rule - were implemented to address extreme price moves in equities and the broader equity index. The limit up and limit down rules have been set to allow time for quick reflection and assessment, and to understand if the move is correct and valid.
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Can my account go in the negative?
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Forex is a highly volatile market that presents valuable opportunities for making profits. However, it has risks that may even lead to a trader’s complete loss. Many forex beginners wonder if their forex account can ever go negative.
Your forex account can go negative at times, although it’s rare. A negative balance refers to a situation where you lose more money than your deposit. Stop-loss orders and margin limits don’t allow your account balance to go negative. However, they don’t work at times due to high volatility.
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why choose us?
two way investment
You can profit not only from the upward(long) movements, but also from the downward (short) movements in the market.
leverage
By taking advantage of the high leverage opportunity, you can trade your money according to its multiples. It multiplies your profits and losses by the leverage you use regularly. Your earnings are instantly in your account.
lucrative account options
You can benefit from the advantages suitable for your investment amount with account types specific to each investor.
24/7 deposits & withdrawals
You can profit not only from the upward(long) movements, but also from the downward (short) movements in the market.