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TradeFxP Ltd Account

What proof will you need to open my trading account? How long does it take to open a live account? Can I have more than one trading account with TradeFxP Ltd? In which currencies I can open my account?
TradeFxP Ltd offers forex trading accounts in USD.
Do you accept clients from USA?
Due to the regulations imposed by the NFA on forex trading in the USA and due to the fact that we are registered and licensed outside the USA, we are not in a position to accept clients from the USA.
What type of accounts do you offer at TradeFxP Ltd?
We offer 4 different account types are Mini, Standard, Islamic and ECN to apply for an account at TradeFxP Ltd.

TradeFxP Ltd Funding

What are the deposit modes do you offering?
"We accommodate a number of ways for deposits. Remember some of these methods transfer funds faster than others so choose accordingly.
1. Wire Transfer
2. Credit & Debit Card
3. Neteller
4. Skrill
How long does it take for my money to be deposited into my trading account?
WireTransfer: We update your account within an hour of receiving the notification from the bank. Normally 2-4 working days will take for wire transfer. But the timing is also dependent on the corresponding banks. Credit/Debit Card, Neteller, Skrill: Processed within 12 hours.
I'd like to withdraw my funds, how long will it take to reach my personal bank account?
Wire Transfer: Processed within 1 business day. However it may take 2-5 business days for the funds to reach your bank account. Credit/Debit Card: processed within 1 working day. But, it may take 5-7 business days for the funds to reach your bank account. Neteller and Skrill: processed within 1 working day and reaches your account instantly.
Will there be any charges for making deposit?
TradeFxP Ltd doesn't have charges for deposit.
Will there be any charges for making withdrawal?
TradeFxP Ltd doesn't have charges for withdrawal.
When opening a live trading account, what are the minimum funding requirements?
The minimum account size is $250
Can I withdraw Profits to Skrill/Neteller/Credit Card ?
You are allowed to withdraw funds up to the initial deposit amount via the same method as the initial deposit. However, all amounts above this initial deposit amount have to be sent via bank wire transfer.

Forex Trading

Is there any minimum time duration for an order ?
Yes, the trade minimum time duration is 30 seconds apart from this, no other trading condition.
Is there any condition to install EA in your mt4 platform ?
Yes, the trade minimum time duration is 30 seconds apart from this, no other trading condition.
Do you allow EA / robo trading software in your platform? Is there any condition?
Yes, the trade minimum time duration is 30 seconds apart from this, no other trading condition.
What is the time zone of your MT4 platform?
Our server time for MT4 is GMT+3.30 during European daylight savings times and GMT+4.30 at other times.
Will my trades be closed automatically?
Refer Contract Specifications and similarly please refer information on when a Margin Call will trigger.
Where are your MT4 servers located?
Our MT4 servers are located in Equinix data center in New York while our backup servers are in London
How can I locate my Expert Advisors and Custom Indicators?
Since the update to MetaTrader 4 builds 600 and above, the location of custom indicators and EAs has changed. You will now be able to find or save them as sub folders within the MQL4 folder; MQL4/Experts or MQL4/Indicators.
How do I change my trading account password?
To change your trading account password, please log into your MT4 Platform, click on "Tools", then "Options", Click on "Change" next to the password Tab. Please enter your current password and enter a new one, then click OK.

Forex General

How does the forex market compare to other markets?
Forex market has a daily volume of more than $5 trillion while the worldwide bond and stock markets have a daily volume in the billions of dollars. Forex market participants include large banks, hedge funds, and other financial institutions, global corporations, and individual traders. The majority of Forex transactions are the result of currency conversions related to the day to day business of the world. The large daily volume of the Forex market provides endless trade opportunities and the ability for traders and to diversify into global currency markets.
Does TradeFxP Ltd have a Dealing Desk?
TradeFxP Ltd is a non-dealing desk (NDD) broker. You will never have a dealer interfering with your order. All trades are executed at valid market rates and in line with the conditions of the underlying market. You are trading in a fair and honest environment.
Does TradeFxP Ltd offer fixed or variable spreads?
TradeFxP Ltd does not offer fixed spreads. This is because we never interfere with market forces or client orders using ECN/STP processing. As such all products tradable on our platforms are variable spreads.
Why are the spreads higher on Holidays?
Forex markets are closed on weekends and bank hoildays and therefore there is very low liquidity in the market.
What is slippage?
Slippage is the difference between the execution price and the requested price of a pending order or trade caused by gapping in the markets. Where gapping refers to a situation where there is a break between the tradable prices. Please be advised that slippage is a natural occurrence caused by market forces and is by no means induced by TradeFxP Ltd.
Is there a maximum slippage level?
As slippage is caused by natural market forces, TradeFxP Ltd cannot guarantee a maximum or minimum slippage amount.
What is VPS?
VPS stands for Virtual Private Server, and is a very useful tool for traders that use robots/algorithms to trade on the market. These robots often run automatically and independently from the trader, thus are able to explore trading opportunities that manual traders may not be able to.
What are swaps, and what is the difference between positive and negative swaps?
The Swap also referred to as "rollover rate" or "interest" rate, is simply the cost-of-carry that is applied to your account on a day-to-day basis. It is the difference between the interest rates of the two currencies which a trader either earns or pays when a position is kept open overnight.

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