FAQs
FREQUENTLY ASKED QUESTIONS

What is Forex?
Forex is the global cash inter-bank market used to exchange currencies between different countries. It is the world’s largest financial market with an estimated daily average volume of more than $1.5 Trillion.

What are the heavily traded currencies in the Forex market?
There are four currency pairs that are mostly traded and that offer high liquidity: US Dollar/Japanese Yen, US Dollar/Swiss Franc, British Pound/US Dollar, and Euro/US Dollar.

Where are Forex trades transacted?
There is no central location where trading takes place. The bulk of Forex trading is among large international banks and institutions that process transactions for large companies and governments. These institutions provide forex quotes on a continuous basis. Trading occurs via the internet, by telephone, and through computer terminals in different locations worldwide.

What are the trading hours for Forex?
The Forex market is open 24 hours a day starting from Sunday evening at approximately 5:00 pm EST and ends on Friday at about 5:00 pm EST. It covers three different time zones: Asia, Europe and North America.

How do I open a live trading account?
Click Here for instructions and account forms for opening a trading account.

What is the acceptable amount to open a Forex account?
The initial margin required to open an account is $10,000. The amount needed to cover one contract (buy or sell position) is 1% of Contract Value. The client should have sufficient funds in his or her account for trades to be executed.