Frequently Asked Questions

What exactly is online trading?
Online trading usually refers to the act of buying and selling securities via the Internet or other electronic means (such as mobile phones) and other new technologies. When trading online, usually customers access a brokerage site through their Internet Service Provider. Once there, they can consult regarding information provided on the Site, log into their accounts, place orders and monitor their account activity as they please.
What is Forex?
Forex – also abbreviated many times as FX – is the short terms used for “Foreign Exchange”. Foreign exchange is the exchange of different currency money from different countries. Each country’s currency value is constantly changing against the value of other countries’ currency. The foreign exchange market operates as the primary exchange system for international business and trade. Traders profit by buying and selling currencies on this market.
What are the risks of online trading?
There is an inherent risk of loss associated with trading and investing, regardless of method used. If you are about to invest, you need to understand the principles of investing, your own risk tolerance and your goals. In addition, if you invest online, it’s always good to be skeptical of stock advice and tips provided in chat rooms or bulletin boards. Do your own research before acting on these tips. Also, some people are tempted to "overtrade" by trading too frequently or impulsively. Doing so can effect performance, raise costs and complicate your tax situation.
What should I look for in an online trading platform?
+ Make sure the platform you choose is user friendly – this means you are able to do everything online.
+ Deposit methods should be easy, by using e-wallets or Wire Transfers.
+ Make sure the platform offers a high level of personal service and support, with 24 hour access to your account.
+ Use a company that has a regulatory license for your region.
+ Make sure there are no hidden costs or fees including commissions on deposits or withdrawals, and check to see if there are fixed rates and stop loss limits in place.