What’s the sum of minimal deposit to set up an account?
One needs only $ 2000 to set up a Universal account where you may trade in standard lots (contracts) simultaneously and taken separately amounting of 100.000 of basic currency and mini lots (amounting of 10.000 of basic currency). If minimal deposit is $ 200, you may trade only with mini lots.
At the same time you may deposit not only dollars, but Euro either British pounds sterling, or Swiss franks, or Canadian either Australian dollars and observe all the payments on your account in the currency you have deposited for trade. This unique opportunity permits you to save rather large amounts from the conversion.
Shall I receive the real market prices in real time?
Yes, our prices have been shown in real time being the market prices every concrete point of time which you may receive for trading when simply pressing any of them.
Are there any differences of demo and real trading?
Yes, it is, though nominal ones. If demo trading, all the operations are executed by computer program without participation of dealers. If real trading, participation of dealers take place with 95 per cent of all the trades. The dealers receive other orders, they at once get into touch with one from our clearings and receive from it either confirmation that this price still exists, or a new price being offered a trader right now. As soon as the dealer will confirm the price, the position in the window “Open Positions” will be opened. And one more slight difference, you may execute your transactions on demo when days off, when the market doesn’t operate, and the prices remain unchangeable. This is done for serviceability of these traders who desire to study the system during their rest-days.
Does FOREX operate according to the same laws as market of shares does?
FOREX or Foreign Exchange Currency Market is International Interbank Currency Market operating according to quite other laws than market of shares does, though there is a certain dependency among them. This is the largest market in the world with its daily turnover amounting of 1.5 trillion dollars; this much exceeds the amount of daily auction at New York Stock Exchange never exceeding 26 milliards a day.
The market is open for 24 hours, 5 days a week. In New Zealand and Australia the financial centers open at 7 o’clock p.m. according to New York time, and then the first intense movements at this market begin. Tokyo — the largest Asian financial centre open at 8 o’clock p.m., and since this time the activity at the Asian markets quickly reaches its peak. The biggest auction amount during the hours of business of the Asian markets falls on dollar-yen currency pair, when within these hours milliards of American dollars have been sold or purchased for Japanese yens.
Hong Kong, Singapore begin there operations at 9 o’clock p.m., then Bombay, and at 2 o’clock a.m. Frankfurt, Zurich and other financial centers of Continental Europe join them. During European time of market operation all the basic world currencies — Japanese yen, Swiss frank, British pound sterling, and , Euro ( are actively sold in relation to American dollar. Besides, currency exchange is permanently growing market segment without participation of American dollar being called “cross rates” (e.g., Euro is exchanged for Japanese yen, Swiss frank, British pound sterling etc.)
At 4 o’clock a.m. according to New York time the largest in the world financial centre London begins “struggle for currency”, and as a rule, at the same time one may observe the most intense peak of activity at this market. And at 8 o’clock a.m. the final part of universal currency “Marathon” commences on, it happens when Wall Street opens. The market activity usually falls early in the morning, because the markets are often waiting for appearance of important business barometers, issuing in USA 3 — 4 times a week and mostly being published at 8.30 a.m. At 9.30 a.m. the largest in the world New York Stock Exchange begins opens; and the traders all over the world attentively keep up with the trend of developments on it; but beginning approximately since 10 — 11 a.m. the market activity raises again drastically, the active trading of all the currencies is taking place, this continues approximately to 1 o’clock p.m. when London financial firms finish their operations, and then the market activity is gradually falling, and at the end of the day a finishing tape gives start to new Marathon. It has been lasting for the whole week till 3 o’clock p.m. on Friday according to New York time when the market closes. At 7 o’clock p.m. according to New York time on Sunday the market opens anew (that is, on Monday morning according to the Asian time), and endless race for money is has been continued again.
FOREX has no any uniform incorporated place of Exchange, thousands of banks, tens of thousands of different funds and international corporations, brokerage houses, dealer firms and all this uncounted number of individuals from the whole world around the clock purchasing and selling one currencies for the other with different purposes. This market was primary assigned only for its large participants, and as long as some years ago, the minimal sum to operate at this market was $ 500.000 at least. And only with appearance of Internet and the opportunity to execute all the transactions as to purchasing and selling of currency from own home computer, during the last 7 years this market was flooded by individual traders from the whole world who have been trading at them from home or from their offices within suitable hours for them. There appeared a good deal of Companies offering trading through Internet and the competition together with them. And the start sum permitted for the operation at this market is lowered down to $ 200.
How many lots I may sell at once?
You may open your position with maximal number of 25 lots directly through Internet, but if you desire to open the position with more quantity of lots, you need to call us up so as the dealer would strike this bargain over the telephone manually.
Is there any difference in the rate of fulfillment of small and large orders?
A very insignificant one, the most of orders may be fulfilled or 2 — 15 seconds; sometimes, during the period of very quickly developing market, this term may be a bit lengthened, up to 30 seconds.
When “night interest” is removed or increased?
At 5 o’clock p.m. according to New York time on week-days.
What’s the amount of Margin when opening non-integer of standard lots?
Amount of Margin depends upon the amount of transaction being made. E.g.: When opening a position for 1.5 of lot (the amount of transaction being $ 150.000) Used Margin = 1 per cent = $ 1500.00.
If either Internet, or my computer, or the Trade System itself is disabled because of any reason, how can I trade?
If your demo account doesn’t operate, describe the reason in your letter in details and e-mail it to support@fingain.com
If you feel problems having a real commercial account, you may at once call up to our dealer office to fulfill your orders by dealers manually.
Yesterday I’ve transferred you money but they are still absent on my account, when will you enter them on my account?
As a rule, the terms of money transfer from your account depend upon the bank and country wherefrom you are transferring them. The terms of money transfer vary from 4 till 5 days. We check our account daily during week-days; if the money has come they will be at your account either this one day, or the next day. The term ofentering your money in our account doesn’t depend on us, therefore, be patient, please; we keep up with money entering every day and deposit them very quickly in client accounts after their entering in our account. The moment your money will enter in our account, we’ll advise you at once by e-mail.
If I have 2 accounts being opened in my name, how the Margin and balances for them are calculated, together or separately?
Separately, because independently on the owner of trade account, the same requirements "no margin" are applied to every account as for any other single one. The balance is calculated separately too.
