FAQ

Forex

What is Forex ?

Forex is trading currency globally. Forex market is the world’s largest and most liquid market.

How to trade Forex ?

In Forex trading you have to analyze and predict the price movement. So in order to trade forex online, you need to register and open a trading account with a Forex broker. IQ Option is one such highly reputable broker that you can use for forex trading. You can read IQ Option Forex quick start tutorial for further details.

How much can I earn with Forex Trading ?

Earning potential is unlimited but make sure that you understand the risk factor as well. Higher the earning potential higher the risk factor as well. You can refer Forex money management tutorial to learn about potential methods to minimize risk and maximize your earning potentials.

Is Forex Trading a high risk investment ?

Yes. Any kind of investment carries a higher level of risk unlike  9 – 5 jobs. Higher the risk means higher the rewards as well.  So Forex trading carries a very high level of risk  where you may even loose all the money in the trading account.  Therefore invest only what you can take a risk only !  You can refer Forex money management tutorial to learn about potential methods to minimize risk and maximize rewards.

What are the days and time available to trade Forex ?

You can trade Forex from Monday to Friday.  Generally below are the available trading sessions based on GMT time zones.

New York Trading Session 8:00 am to 5:00 pm EST (EDT)

Tokyo Trading Session 7:00 pm to 4:00 am EST (EDT)

Sydney Trading Session 5:00 pm to 2:00 am EST (EDT)

London Trading Session  3:00 am to 12:00 noon EST (EDT)

So basically based on above trading sessions, forex market is available 24 hours during weekdays.

What Are the types of Forex Brokers ?

In general you will find Dealing Desk ( Market Makers ) and Non Dealing Desk type Forex brokers as the two main types.  Non Dealing Desk brokers can be further categorized as  Straight Through Processing ( STP ) Broker or an Electronic Communications Network ( ECN ) Broker.  Well the type of broker that you are going to trade  with does not matter as long as the broker is a regulated and licensed forex broker.

What are the type of trading applications ?

Forex brokers will offer Meta Trader 4 ( MT4 ) or Meta trader 5 ( MT5 ) or cTrader or  propitiatory trading platform that can be used as a browser based, desktop or laptop based application.  Also Android or iOS based trading platform too will be offered by every broker.

What are the payment methods supported by Forex Brokers ?

All major forex brokers will support Skrill, Neteller, Master / Visa cards for both deposits and withdrawals.

What are the common documents requested by Forex brokers for Verification ?

In General you will need to submit a copy of your identity verification document such as Passport, Driving License or National Identity card in English or any language supported by the forex broker ( Please note that IQ Option broker accepts only Passport or NIC ).  Then you need to submit a copy of a utility bill received by you within the  last 3 months or a certified bank statement.

Binary Options

What is Binary Options ?

Binary options is a trading method based on Forex markets where you have to analyze and predict the price based on a fixed time duration.

How to trade Binary Options ?

You have to analyze and predict the price movement based on a fixed time duration. So in order to trade Binary Options online, you need to register and open a trading account with a Binary Options broker. IQ Option is one such highly reputable options broker that you can use for forex trading. You can read https://pegima.com/binary-options-quick-start/ for further details.

Is Binary Options a high risk investment ?

Yes. Any kind of investment carries a higher level of risk unlike  9 – 5 jobs. Higher the risk means higher the rewards as well.  So Binary Options trading carries a very high level of risk  where you can loose all money invested per trade ( Note that the  negative result of a trade does not affect the whole account balance unlike in Forex. So risk factor is less compared to Forex   ).  Therefore invest only what you can take a risk only !  You can refer Binary Options money management tutorial to learn about potential methods to minimize risk and maximize rewards.

What is the difference between Forex and Binary Options ?

Both are based on forex currency trading markets.  Forex does not depend on time where you can place an order and cancel at any time as per your wish or based on your trading method  ( as long as you have enough funds to hold a trade, if it goes against your prediction ) but Binary Options trade depends on time where you predict the price of a currency pair after a certain fixed time.  The reward – risk factor in Forex is  very high compared to Binary Options.

IQ Options Forex Broker

What is IQ Option Broker ?

IQ Option is a regulated and licensed broker that provide the platform to trade Forex, CFD’s, Binary Options, Cryptocurrency and Digital Options.

Is IQ Option a regulated broker ?

Yes. IQ Option is a regulated broker by Securities and Exchange Commission of Cyprus.

Can I test the IQ Option platform before investing ?

Yes. You can test and learn about the trading platform using a free demo account. Then at anytime, you can start live trading. The biggest advantage is that  you can easily switch between demo and live account at any time.

What is the minimum amount to start a live trading account ?

You can start a live trading account with as low as $10.  Then per trade you can invest $1 or anything above that.

What are the supported payment methods by IQ Options broker ?

IQ Options supports Master / Visa debit or credit cards, Skrill, Neteller and Web Money payment methods. Deposits happens instantly while withdrawals can take from 1 – 5 days as each withdrawal is verified before releasing.

How to verify IQ Options Trading Account ?

You can verify your IQ Options trading account by submitting following documents.  To validate your identity, you need a clear picture of a your passport or national identity card.  Then as an address / location proof, you need a utility bill ( Electricity, Water, Phone, Internet, Insurance, Finance etc.. ) or a certified bank statement issued within 3 months.

( Please note that all documents should be in English or in any language supported by IQ Option broker  ).

FBS Forex Broker

Is FBS Broker a regulated and licensed Forex broker ?

The FBS Forex company is regulated and licensed by IFSC in Belize and CYSEC in Cyprus

What are the types of Forex trading accounts offered by FBS Broker ?

STP and ECN type forex trading accounts are offered by Broker.

Can we trust FBS and is it reliable to use FBS Broker ?

Yes, FBS is a forex broker since 2009 with branches worldwide. The company is regulated and licensed by IFSC in Belize and CYSEC in Cyprus

Is FBS Forex Broker a Scam or a Bogus Forex Service provider ?

FBS forex broker is a regulated and licensed broker by IFSC in Belize and CYSEC in Cyprus. So it is not a Scam or bogus scheme.

How can I Deposit and Withdraw funds from FBS forex broker ?

Skrill and Neteller are the two main payment processors supported by FBS Broker. Also you can deposit using master / visa cards. Broker also support several more popular payment methods too.

What is leverage ratio in FBS Forex Broker ?

FBS offers upto 1:3000 leverage.

What is lot size in FBS Forex Broker ?

You can start trading from 0.01 lot size onwards

Does FBS Forex Broker offers Meta Trader 4 and 5 trading platform ?

Yes, FBS broker offers both Meta Trader 4 and 5 for both windows and mac desktop platforms. Also offers for ios and android mobile platforms.

Does FBS Forex Broker offers ctrader trading platform ?

Ctrader is not yet supported

Does FBS Forex Broker support USA client ?

FBS does not support any USA clients

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