StartForex
FREQUENTLY ASKED QUESTIONS
Introduction to FOREX - first steps
Foreign exchange is the simultaneous purchase of one currency and the sale of another. Currencies are always traded in pairs, on floating exchange rates. The foreign exchange market, also known as the Forex market, or FX market, is the largest financial market in the world, with an average daily turnover of about US$1.5 market.
Is there a central location for trading in the Forex Market?
Forex trading is not managed through an exchange. Transactions are conducted directly between counterparts, making the FX market an inter-bank, or "over the counter" (OTC) market.
Who participates in the FX market?
Central, commercial and investment banks have traditionally dominated the Forex market. But the share of other market participants is rapidly increasing. These participants include international money managers and brokers, multinational corporations, registered dealers, options and futures traders, and private investors.
When is the FX market open for trading?
Forex is a true global 24-hour marketplace. The trading day begins in Sydney, and moves around the globe from one financial center to another westwards. The biggest centers for trading activity are Tokyo London and finally New York. Investors can respond in real time to any fluctuations caused by current economic, social and political events.
Is online dealing at Start Forex secure?
Yes. We use the internationally accepted security system SSL to encrypt all credit card payments over the web. This is automatic, and you will receive instant notification if your browser does not support this.
What are the most common currencies in the Forex markets?
The most liquid currencies in the Forex market are those of countries with low inflation, stable governments, and respectable central banks. Nearly 85% of daily transactions involve the major currencies, including the U.S. Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, and the Canadian and Australian Dollars.
How much money do I need to open an account?
The minimum deposit to open a mini account with StartForex is US$100. StartForex's minimum transaction size for a mini account is US$10,000 (or the equivalent). The minimum deposit to open a standard account with StartForex is US$2,500. StartForex's minimum transaction size for a standard account is US$50,000(or the equivalent). steps.
How do I open an account with StartForex ?
Opening an account is fast, friendly with no obligation. Simply complete the following steps.
  1. You can register immediately, simply click here to register.
  2. Fund Your Account Once your account is open, there are three convenient ways to fund your new trading account:
    • Credit and Debit Card
    • Wire Transfer
    • Other online payment methods
How can I trade Online?
Trade Enjoy Trading with one account, two trading platforms:
  • Web trade
  • MetaTrader.
In order to get MetaTrader account please Email Us:
CS@STARTFOREX.COM
What are the minimal system requirements to use the trading platform?
  1. Internet explorer 6 and above or alternatively Mozilla with an explorer plugin.
  2. Windows 2000 Operating Systems and above
  3. Pentium 3 and above
Is the MetaTrader system secure?
The system is secured with the highest security - level BIT-128. All the information on the account and the trading actions are stored on secure servers. An indication for this is the lock sign.
Do you have a question that does not appear here?
We are available for you 24 hours a day. You can write us at TS@STARTFOREX.COM
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