Trading Platforms FAQ
Trade & Investment
After completing your registration, a personal trading account is created , and you can start trading.
‘pip’ stands for ‘Price Interest Points’ or ‘Percentage in Points’ and is used as a unit of measurement for changes in the value of a currency pair – a pip is the smallest allowed fluctuation in its price.
Most currencies, unlike the Japanese yen, have 2 decimal points eg 1 dollar = 100 cents.
Leverage increases your purchasing power therefore allowing you to gain significant exposure to the financial markets while only tying up a relatively small amount of your capital.
CFDs are leveraged, which means you only need to put down a small deposit for a much larger exposure.
Leverage increases your profit potential as well as the risk of losing your capital.
Stop Loss is an order to close a Transaction in a CFD position at a price determined in advance by you, which in the case of Buy is lower than the opening Transaction price, and in the case of Sell is higher than the opening Transaction price. Stop Loss orders can work as a risk mitigation strategy however, they cannot be guaranteed because during abnormal conditions and high volatility, Stop Loss orders can be executed at worse prices.
Take Profit is an order to close a Transaction in a CFD position at a price predetermined by you, which in the case of Buy is higher than the opening Transaction price and in the case of Sell is lower than the opening Transaction price.
A pending order is an instruction to open a position when the instrument reaches a price you have set. Whether it is a limit order or a stop order, the position will only be filled when the financial instrument reaches a certain price and has found a buyer, or buyers .
You can check the amount required for opening a position simply by selecting an asset on the Trade page, entering the desired amount and clicking the (i) button near the asset name. In the pop-up window, you will see the Required Margin required for opening a trade.
Trading on global markets is available from Monday to Friday, 24 hours a day, excluding public holidays.
We receive our prices from our liquidity providers.
The minimum trading volume available on the platform is 0.01 LOT.
Exchange fees apply when you maintain an open position overnight.
At 24ForexMarket we give you access to the largest information center, powerful trading tools and real-time data. In addition , our Video Trading Academy is full of videos and webinars aimed at helping beginners, intermediate traders and experienced professionals.
Lots are the standard number of units per transaction and represent the size of your trade in CFDs. The standard lot size is 100,000 currency units, and now, there are also mini, micro, and nano lot sizes of 10,000, 1,000, and 100 units.
An Exchange Traded Fund (ETF) is a marketable security that tracks the performance of an asset or group of assets that may include indices, commodities, bonds, etc. and are traded on exchanges such as indices and stocks.
You can check your balance at the bottom of the Trading page on the platform.
All your trading history (including deposits, withdrawals, trades, and charges) can be reviewed on the platform via Trade – Trade History. Meanwhile, withdrawal status can be checked through Banking or Pending Request. You can also contact our Customer Support agent for any clarification via Live Chat or at: [email protected].
You can check the list of open trades on the platform via Trade — Open trades. Select a trade and click on the “Close” button next to it. Please, make sure the asset market is open by clicking on the “info” tab. If it is open, the trade can be closed.
With us, you can use MetaTrader 4 which allows you to use Expert advisors (special extensions that can trade on your behalf ). For more information, please contact us via Live Chat or at: [email protected].