Frequently Asked Questions
What is Forex (FX)?
Currency trading, which has the worlds biggest trading quantity, takes its identify from the first syllables of the phrase forex. This market provides the possibility to exchange country wide currencies towards one one more. When you consider that of the global reach of alternate, commerce, and finance, foreign exchange markets are usually the most important and most liquid asset markets on the planet.
What Does the Forex Market Offer You?
The most prominent potential of forex is that it presents to exchange 24/7. Moreover, effortless market hours, high liquidity and the capacity to exchange on margin are some of its different benefits.
How to Trade in the Forex Market?
In contrast to a jeweler or exchange office, the currency exchange market does now not have a physical middle. For that reason, that you can quite simply and just about alternate within the forex market making use of your pc, pill, or smartphone wherever there is the internet.On this market, you can trade many merchandise from currencies -together with cryptocurrencies- to commodities, from helpful metals to shares. Getting to grasp the products before buying and selling shall be more valuable for you to increase your profits.
What is bidirectional trading?
Within the currency exchange market, there are constantly two currencies being traded. One foreign money is purchased at the same time the opposite is concurrently being sold. For one forex to rise in worth, then the opposite foreign money must fall in price. Thus, either the base foreign money or the quote currency will normally be rising in value, this means that there is perpetually the possibility to benefit.
Which products can I trade on the Forex market?
In this market, you could exchange many products from currencies to commodities, from useful metals to shares. Getting to grasp the merchandise before trading will be extra valuable so that you can increase your gains.
How can I open an account at LC Markets?
Like any transactions, opening an account at LC Markets could be very convenient. Fill in the requested expertise through clicking the Open Account button on our homepage. Your particular account quantity and password will be despatched to you by way of e-mail.
How long does the account opening process take?
Processing your application and issuing your account quantity would take a couple of minutes. Just follow the entire steps.
How long does it take for my account to be ready to trade?
As quickly as you whole the open account kind, your account will probably be activated and able to trade. With a view to make transactions, you must fund your account. After filling out the account opening kind, contact our patron representatives to fund.
What are the required documents to open an account?
You need to send a legal identity report via fax (with your ID card numbers appearing clearly) or take a snapshot and share it with us. An ID card, driver’s license or passport are considered legitimate files. Make sure your date of birth and title and surname are clearly marked on the identity document. To ensure that you are the true owner of the proprietary record, we also ask you to link a selfie with your face and information, curious about your ID card. In addition, you must confirm and avoid your residential address according to strict management rules. from others acting on your behalf. To do this, you must send one for each of your mobile phone, internet, electricity or water charges issued on your behalf and bearing your full address.
