Frequently Asked Questions

Frequently Asked Questions

Frequently Asked Questions
You can find the answers to your frequently asked questions below.

To trade in leveraged forex markets, please fill the required form to open up an account. After the completion of necessary agreements and initiation of your account, you can start trading by transferring money to your account.

Yes, it is possible to open a joint account.

You may trade currencies as well as precious metals. USD, EUR, GBP, AUD, CAD, CHF, JPY are major currencies available while it is also possible to trade minor currencies such as ZAR, TRY, PLN, HUF and exotic currencies like CNH, RUB and MXN. You may also trade gold and silver against USD, EUR and take short positions on specified products. Please contact your customer representative to find out more about the products available on FXBox.

You may trade 24 hours, 5 days and see live prices.

You can trade online in Leveraged Forex Markets and monitor prices whenever you have Internet access.

USD, EUR, GBP, AUD, CAD, CHF, JPY and TRY are the most traded currencies. A contract on a currency in Fxbox is equivalent to 100.000 units of the respective currency. Gold and silver are the most popular commodities traded. A contract on MetaTrader 5 is equivalent to 100 oz of gold and 5000 oz of silver.

The leverage ratio is calculated by dividing the nominal value of the position to the initial margin.

Margin is the amount that is needed to open a position. Margin level is calculated by adding or subtracting profit/loss to the cash amount in the account and then dividing it by the margin and multiplying it with 100%.

Swap is the credit or debit that is incurred from the interest rate of the investors’ open positions.

Value date is the future date on which the trade will be settled. In case of a spot foreign exchange trade, this is usually two days after the trade date (t+2 days after the transaction). Only USDCAD and USDTRY’s value dates are t+1.

Types of orders executed in the Metatrader platform are as follows :
  • Marker order: Buy or sell order to be executed immediately at current market prices. The order is filled at the best market price available at the respective time.
  • Limit order: A limit order is an order to buy a security at no more than a specified price, or to sell a security at no less than a specified price. This gives the trader the control over the price at which the trade is executed, but the order may also never be executed. Limit orders are used when the trader wants to control the price rather than the certainty of execution.
  • Stop loss: Market order to close a position when the loss reaches a threshold either set by the user or the system.
  • Take profit: Take profit order is used to realize the profits when the market is in favor of the position taken.
  • Buy limit: The order to buy at a lower price then the current market price.
  • Sell limit: The order to sell at a higher price then the current market price.
  • Buy stop: A buy stop order is typically used to limit a loss (or to protect an existing profit) on a short sale. A buy stop price is always above the current market price. This allows investors to limit their losses or secure some their profits.
  • Sell stop: A sell stop order is an instruction to sell at the best available price after the price retreats below the stop price. A sell stop price is always below the current market price. This allows investors to limit their losses or secure some their profits.
  • Trailing stop: Trailing Stop is a stop-loss order which re-arranges itself as the market price moves away from the execution price. For example, if prices continue to rise, the stop-out level of an investor with a long position is automatically raised so that the profit may be maximized. Similarly, if the prices retreat, the trader may secure his/her profit with the functionality of trailing stop mechanism.

The user may cancel orders that have not been executed. There is no fee for order cancellation. The user may also amend orders.

The user may leave daily, weekly, monthly orders. The user may also leave an order with specified date or leave a good until cancelled orders.

The difference between the buy/sell price is called the spread. Spread is indicated in terms of “pips.”

Spread is indicated in terms of “pips.” It is usually 1/10.000, but is some contracts like USDJPY, it is accepted as 1/100.

Target Spread is the best possible spread within the normal market standards. Spreads may widen in volatile market conditions or when the liquidity dries duringimportant announcements.

Scalping is executing transactions within a short time span with small price differences.