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It only takes $10 to trade with Forex Company! A $100+ deposit will get you an additional $100 Margin Bonus and a $300+ deposit will get you unlimited Market Signals! Fund today! read more
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ClassicFX demo
ClassicFX was designed for the experienced trader. It offers the best technical and analytical tools at hand, including live and historic quotes, advanced charting, market orders, alerts and integrated market news.
You can access the trading platform from any device that has an internet connection. Please note, web platforms are usually slower than desktop applications and have a somewhat limited functionality. With the Web Platform, you'll be able to view charts, place market orders and manage your positions.
The Forex market opens at 21:00 GMT on Sunday and closes at 21:00 GMT on Friday. Forex Company's trading platform is open throughout the whole global session. Forex Company also provides an over-the-phone trading service.
A margin call occurs, when your account falls below the minimum requirements for trading. At Forex Company our margin requirement is 1% of USD value of each positions. Monitoring of margin requirement is conducted after SWAP operation. If there is a margin call for your account you will be contacted by us, and we will help you take action to satisfy your margin.
Forex Company allows its customers to change the side of a position (long/short) without having to close it and fixing current P/L. For example, a day trader with an aggressive trading strategy and a deposit of $5,000 opens the following position: Buy 500,000 GBP/USD (LONG). A few moments later he decides to reverse his position (to go SHORT) in the same currency pair and for the same amount. Forex Company will allow him to sell double the amount of a current position (1,000,000 GBP/USD) to change the position to Sell 500,000 GBP/USD (SHORT). The new opening rate of this altered position will be calculated in accordance to spread charges and any P/L the original position made.
Forex trading is a SPOT trading, which means that all trades are settled on the second business day after your position has been opened. SWAP operation is used to avoid the physical delivery of a currency. In essence, in the end of each trading day, all positions are closed and immediately re-opened at SWAP price. SWAP is executed automatically at 21:00 GMT.
In your trading report, you will see two lines: closing of position (SWAP t/n) and opening of the same position (SWAP open). Re-opening rate will be adjusted for SWAP pips. SWAP pips are determined by the interest rate for currencies that are used in the position. You can find our exact values of SWAP pips below.
Value date (date of delivery of currency) for trades carried from Wednesday to Thursday is Monday. Hence, SWAP pips will be calculated for three days.
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© 2005-2010 Forex Company Financial Company, Inc. All rights reserved. Forex, online currency trading.
200 South Avenue, Suite 403, Staten Island, New York 20414, United States
US Toll-Free: 1-800-877-3810, email: support@forexco.us
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