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When trading a currency you are borrowing one currency to purchase another. The rollover rate is typically the interest charged or earned for holding positions overnight. A rollover interest fee is calculated based on the difference between the two interest rates of the traded currencies.
We run an end of day process, where all positions held open during that time will be debited/credited. Clients who hold long positions will be credited/debited by –1 x notional amount x swap points unit quote currency, while short positions will be debited/credited by notional amount x swap points in unit quote currency.
Successful traders usually share a particular set of traits. Learn more about those traits in this guide
All currencies are assigned a three-letter code much like a stock’s ticker symbol. While there are more than 170 currencies worldwide, the U.S. dollar is involved in a vast majority of forex trading, so it’s especially helpful to know its code: USD.
Trading with leverage isn’t free, however. Traders must put down some money upfront as a deposit—or what’s known as
These are words to know before engaging in forex trading:
Initial Deposit $100
Order Volume 0.01 – 500 lots
Leverage Upto 1:5000
SpreadFixed from 3 pis
Multi Language CCYes
Bound to ensue; and equal blame belongs to those who fail in their,
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