What is Foreign Exchange?
Forex or "FX" is the shortened term used for "foreign exchange". Foreign exchange or "currency trading" refers to the exchange of money from different countries. The value of one country's currency is constantly changing against the value of another country's currency. Forex traders make profit through buying and selling currencies on the foreign exchange market.
Where is the central location of the FX market?
FX trading is not centralized on an exchange, same as with the stock and futures markets. The FX market is considered as an Over the Counter (OTC) or "Interbank" market, due to the fact that transactions are conducted between two counterparts over a telephone or via an electronic network.
Who are the participants in the FX market?
The Forex market is called an "Interbank" market due to the fact that historically it has been dominated by banks - including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and option traders, and individual investors.
When is the FX market open for trading?
As a true 24-hour market, the FX market is open from Sunday 5:00 PM ET to Friday 5:00 PM ET, except some holidays. Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first in Tokyo, then London, and then New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time it occurred - day or night.
What are the most commonly traded currencies in the FX markets?
The most often traded or "liquid" currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US dollar (USD), Japanese yen (JPY), Euro (EUR), British pound (GBP), Swiss franc (CHF), Canadian dollar (CAD) and the Australian dollar (AUD).
Is Forex trading expensive?
PSS FOREX requires a minimum deposit of US$500. Our company allows customers to execute margin trades at up to 400:1 leverage. This means that investors can execute trades of US$10,000 with an initial margin requirement of US$50. However, it is important to remember that while this type of leverage allows investors to maximize their profit potential, the potential for loss is equally great.
What products are available for trading?
PSS FOREX offers a comprehensive range of trading products, including: Forex, Precious Metals, CFDs, Futures, and Bonds.
What is the difference between an "intraday" and "overnight position"?
Intraday positions are all positions opened and closed anytime during the 24-hour period after the close of normal trading hours at 5:00 PM ET. Overnight positions are positions that are still on at the end of normal trading hours (5:00 PM ET onwards), which are automatically rolled at competitive rates (based on the currencies' interest rate differentials) to the next day's price.
What is spot currency?
If you make a simple transaction to get some other country's currency in exchange for yours, you are conducting a spot transaction. You do not request the currency to be delivered at a future date, but just handed to you right now in exchange for your currency. The best example of this is if you plan a trip to a foreign country and want to have that currency in your wallet when you get there. But large transactions can also be spot currency transactions whereby the purchaser or seller cannot plan the need or cannot decide to take the risk on the fluctuation of the currency.
How are currency prices determined?
Currency prices are affected by a variety of economic and political conditions, the most important of which are interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as central bank intervention.
Why are currencies traded in pairs?
A currency pair represents the exchange rate between the two currencies. For example, the rate at which the EURUSD is trading represents the amount of US dollars that one Euro can purchase. The first currency is called the base currency and the second currency is called the counter currency. An example of how currency pairs are traded is if a trader believes the Bank of Japan will intervene to cause a decrease in the Yen against the US dollar, then the trader will Ask (Buy) USDJPY (Ask the US dollar/Bid the Yen). However, if the trader believes that Japanese investors are losing faith in the United States economy and are pulling money out of the US into Japan, then the trader will Bid (Sell) USDJPY (Bid the US dollar/Ask the Yen).
How do I manage risk?
The most common risk management tools in FX trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures that a particular position is automatically liquidated at a pre-determined price in order to limit potential losses should the market move against a trader's position. Contingent orders may not necessarily limit your risk for losses.
How much money do I need to open an account?
The minimum deposit to open a Standard account with PSS FOREX is US$3,000. PSS FOREX's minimum transaction size for a Standard account is 100,000 lot (or the equivalent). The minimum deposit to open a Mini account with PSS FOREX is US$500. PSS FOREX's minimum transaction size for a Mini account is 10,000 lots (or the equivalent). Lastly, PSS FOREX's Micro account requires a minimum deposit of US$100 while the minimum transaction size for a Micro account is 100 lots (or the equivalent).
What kind of trading strategy should I use?
Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a variety of economic information, including news, government-issued indicators and reports, and even rumors. The most dramatic price movements however, occur when unexpected events happen. The event can arise from a central bank raising the domestic interest rate due to the outcome of a political election or even an act of war. Nonetheless, more often, it is the expectation of an event that drives the market rather than the event itself.
What should I do if I have a problem regarding a specific FX deal?
Please send an e-mail to customer service at helpdesk@pssforex.com with the details of the problem.
What is a Forex Broker?
A Forex Broker or Forex Brokerage Firm is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.
What products do Forex brokers offer?
Companies and individuals who speculate in foreign exchange or hedge their positions in foreign exchange do so through many means besides buying a currency that they will need. Products used to achieve these ends include spot and forward currency sales and purchases, options and swaps.
What is Margin?
Margin is essentially collateral for a position. It allows traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the equity markets, the usual margin allowed is 50%, which means an investor has double the buying power. In the Forex market, leverage ranges from 1% to 2%, giving investors the high leverage needed to trade actively. Of course, trading on margin can increase your risk.
How do you choose a Forex broker?
Once you have decided you would like to speculate in the foreign exchange markets, it is important that you choose the right broker for your needs. You need to find someone with whom you are comfortable, and who specializes in accounts of your size. Search on the internet and you will see that there are hundreds of Forex brokers throughout the world for you to choose from. Finding the right one for you will take some time and research. You will see that some Forex brokers concentrate on banks, institutions, investment funds and high net worth individuals, which would eliminate them from working with a small investor. Many brokers and dealers are accustomed to making rapid trades in this fast-paced environment, and would not be the ideal choice if you are just trying to get your feet wet and are just starting to understand the mechanism of this market.
How many transactions can I make each month?
The broker sets no limits about it. You can make as many transactions as your trading strategy requires.
What does it mean having a "long" or "short" position?
In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the trader benefits from a declining market. However, it is important to remember that every FX position requires a trader to go long in one currency and short in the other currency.
What about terms like "bid/ask", "spread", and "rollover"?
PSS FOREX has an extensive Glossary that provides detailed definitions of all Forex related terms.
How do I withdraw money from E-Bank?
To withdraw funds from an existing account, print, complete and sign a Withdrawal Request Form and fax it to: (+468-501-09266). Withdrawal requests will be processed within two (2) business days upon receipt.
What are the IP-addresses for demo, contest and real accounts?
For MetaTrader 4 users:
When you launch the Client Terminal, it connects to our server loading a list of IP addresses. If you indicate an IP address, not a symbol type server name when you log in for the first time, the next time you launch Metatrader 4, the application automatically loads the names of available trading servers. The IP address you previously typed in will be changed to the symbol type name of the server (for example «PSS-Live», » or PSS-Demo»). Should one of the servers become unavailable, the Client Terminal automatically switches to the next available server.
For live accounts, please choose «PSS-Live» server from the list of the available servers. In case you cannot find such a server name please type in mt4.psstr.com:443.
For demo accounts, please choose «PSS-Demo» from the list of the available servers. In case you cannot find such a server name please type in mt4d.psstr.com:443.
What time is shown in MetaTrader 4?
MT4 shows and works in Central European Time which is GMT+2 during Daylight Savings, and GMT+1 in winter.
I try to connect to MetaTrader 4 but it shows «No Connection».
Possible reasons:
1. No Internet connection
2. Your network port 443 may be blocked and you may have to enter the Internet through a proxy server or use some local network. Then, you should turn to your systems administrator to specify the address of the proxy server and the port to connect the Internet and set it in the terminal settings (menu «Tools» / «Options» / «Server» / put a tick to «Enable proxy server» / press the «proxy...» button / enter the address, proxy server port, login and password).
3. Antivirus Firewall software blocks port 443. In this case you should enter MetaTrader 4 in the list of the allowed programs or open port 443;
4. Your terminal build may be old. In this case, you should update the terminal. Check the current version of your terminal in MetaTrader 4, menu «Help» / «About». The last version of the terminal is given on our website, then click here to download the latest version of the client terminal.
5. You have not entered your trading account for a long time and the server address might have changed. In this case, you should set the new IP address of the server (current IP addresses are given on our website) or update the terminal (download the last version of MetaTrader 4 from our website and install it over the previous one).
6. If you still have a problem logging into your system, you may use our online support or send an email to helpdesk@pssforex.com describing the problems encountered.
What should I do if MetaTrader 4 shows «Invalid account»?
1. You may have entered an invalid login in MetaTrader. The login in MetaTrader is always numeric and does not include any letters. The login in MetaTrader for a live account - represents five digits (for example: 31242) is reported in a letter to your email address. The login in MetaTrader for a demo account - represents six digits (for example: 142032) is reported in the MetaTrader window after a demo account is opened, and it is duplicated in a letter to your email address, specified during the registration and to the internal mail in MetaTrader.
2. You may have entered an invalid password. A password in MetaTrader consists of not less than five characters and not less than two of three types of representation - lowercase, uppercase and digits. All letters must be Latin. The case of the letters (capital/small letters) is of importance. Perhaps, you may have taken some letter for a digit, or you may have taken a digit for a letter. That is why it is better to fill the field by copying the password from the message received in your email after your account was registered. The password to enter MetaTrader for live accounts of all types is reported on the last page of the account opening and is duplicated in a letter to your email address. Meanwhile, the password to enter MetaTrader for a demo account is reported in the MetaTrader window after the account is opened, and is duplicated in a letter to your email address and to the MetaTrader internal mail.
3. Choose a server for another type of account. For live accounts, choose from the list of servers the «PSS- Live» server, for demo accounts choose the «PSS-Demo». If there is no needed server in the list, perhaps you downloaded MetaTrader from another site (the site of the MT developer or another Dealing Center). In this case, it is necessary to install the latest version of MetaTrader 4 from our website or to type in the IP address of the needed server.
4. There is no such account. The live accounts not activated within 30 days are deleted. In order to activate accounts; you need to deposit money to your trading account: • not less than US$500 (for accounts with the deposit currency in USD); • not less than 500 EUR (for accounts with the deposit currency in EUR).
I try to perform a trading operation in MetaTrader 4 but it shows the error message: «The trade flow is busy».
A message « The trade flow is busy » appears in case of an unsuccessful attempt to perform a transaction (for instance: a client sends the second order while he has not yet received the processing results of the first one), which may occur due to a temporary loss of server connection. In such case, the order is put on the queue at the client's terminal and the abovementioned message will appear if you try to perform any other operation. To clear the request queue, you should restart the terminal.
I cannot open a demo account; MetaTrader 4 shows blank password and login fields.
1. Perhaps, in your network, the port 443 is blocked and a proxy-server is used to connect to the internet. If you use the working network of an organization, this is most probably the very problem. You should ask your system administrator for the proxy-server address and the port to connect to the internet and write them in the terminal settings (menu «Tools» / «Options» / «Server» / put a mark against «allow proxy- server» / click the button «proxy...» / write in the proxy-server address and port, login and password);
2. At your computer the program-firewall (antivirus software) blocks the 443 port. In such case, you should include MetaTrader 4 on the list of permitted programs or open the port 443.
In the Market Watch window, there are only 4 currencies, but at the webpage, cross-rates and CFD are mentioned.
Click the right mouse button on any instrument in the «Market Watch» window (MetaTrader 4 / Menu «View» / «Market watch») and choose in the menu «Show All».
When I try to open or modify a trading position, MetaTrader 4 shows «Trade is disabled». Why?
Possible reasons:
1. Most probably, the trading session on this instrument is already over or has not begun yet. You may find the trading session schedule in the contract specification for each instrument separately.
2. Maybe, the future contract expires soon. It is called the Expiration date. Depending on the liquidity of the instrument, sometimes before the Expiration date, «close only» trading is available for the instrument (close of open positions only). Another future contract with a different ticker is introduced for trading instead of the one traded as «close only». Several days before the «close only» trading, notifications are sent by the inner mail of MetaTrader 4.
3. When the price reaches the current price of the pending order, the total volume and number of the simultaneously opened positions and pending orders are checked. A pending order will be deleted from the queue to be executed in the following cases:
• the order volume and the volume of the previously opened positions exceed the total volume
restriction.
• the restriction of the total number of the simultaneously placed pending orders and open positions is
broken.
I have lost all E-Bank History in my trading platform. Why?
1. You should request all the History. In the «Account History» tab click the right mouse button and choose «All History».
2. Perhaps you have an old version of MetaTrader 4 installed. Check the version and build of your MT4 (menu item «Help» / «About»). The latest version of the terminal is on our website «PSS MetaTrader».
3. Perhaps the system time in your computer is off and the date was shifted back, so the trading platform reveals the data up to the current system date and time.
Why is the button «New Order» inactive?
There are two types of access to account in the trading platform: main and investor. Authorization using the main password gives full rights to work with the terminal. In case of investor authorization, you may look through the state of your account, analyze price data, and work with expert advisors, but you cannot perform a trading operation. Most probably, you have used the investor password to access the account. To perform trading operations, you should change the password for the main one in your settings. The investor password for a demo account is generated automatically when the account is opened and it is sent with the main password by the internal MetaTrader 4 mail. The investor password for real accounts is assigned by the owner of the trading account.
How can I create/change an investor password?
An investor password for a demo account is generated automatically when the account is opened and it is sent with the main password by the MetaTrader 4 internal mail. An investor password for real accounts is assigned by the owner of the trading account. To create/change an investor account, you should:
1. Click the button "change" in MetaTrader in the menu "service" / "settings" / "server".
2. Enter the main password (master password) in the "current password" field.
3. Put the mark against "change the investor password (read-only)".
4. Enter the new investor password twice. ATTENTION! The new password must consist of not less than five characters and not less than two of the three presentation types - lowercase, uppercase and digits.
5. Click "OK". If everything is done properly, an automatic authorization in the account under the investor password will take place.
How can I extend the lifetime of my demo-account?
The demo account is available for a 30-day period from the day you logged in last time. That is why there is no need to make an account term-less. Your demo account can be deleted only if you do not use it for 1 month.
I forgot my password for the demo account. What shall I do?
After a demo account is opened, the password to enter MetaTrader 4 is sent in a message to the internal MetaTrader 4 mail. Check over, the message with the password may be still in your mailbox (window "Terminal" / tab "Mailbox"). If you have not found the password in the MetaTrader4 mailbox and have not remembered it, you may open a new demo account. Passwords to access demo accounts are not restored.
Why was my order not executed while the Low was below the order level for 2 pips?
Let us look at the bars' formation technique in Metatrader 4:
High is the maximum BID over a period.
Low is the minimum BID over a period.
Thus minimum ASK is equal to Low + Spread, and maximum ASK is equal to High + Spread.
The Stop Loss and Take Profit of an open Buy position will be executed when the BID price in the quotes flow becomes equal to the order level.
The Stop Loss and Take Profit of an open Sell position will be executed when the ASK price in the quotes flow becomes equal to the order level.
The Pending orders Buy Limit and Buy Stop will be executed when the ASK price in the quotes flow will be equal to the order level.
The Pending orders Sell Limit and Sell Stop will be executed when the BID price in the quotes flow will be equal to the order level.
For example, you are supposed to open a Sell position in EURUSD at 1.2250 and place a Stop Loss at 1.2340 level and Take Profit at 1.2190 level.
You should remember that a Sell position is closed by a Buy, and we buy at the Ask price, so a Stop Loss will be executed when the minimum Bid becomes equal to 1.2338 + Spread (2 pips in EURUSD). Also you should remember that the High in the chart is the maximum Bid. So, if you see High = 1.2338 or above, your Stop Loss must be executed.
When will Take Profit be executed? A Sell position is closed by a Buy and we buy at the Ask price. The Take Profit will be executed when the minimum Bid becomes equal to 1.2188 (1.2190 - Spread). At this moment, the minimum Ask is equal to (minimum Bid + Spread) 1.2190. You should remember that the Low in the chart is the minimum Bid. So, Take Profit will be executed only when the Low at the chart will reach at least 1.2188 (order level - Spread).
Why did the Broker close my trading position without my consent?
The Broker is entitled to close all or part of your open positions at the CURRENT PRICE if the equity is less than 45% of the necessary margin. It is called Over-loss.
For example, B = balance of customer's account, M = margin, and L = floating loss (in absolute value).
So, Over-loss occurs if L - ( B - M ) > 55% x M, or B - L < 45% x M.
I cannot open a position, the terminal shows «Not enough money». How can I calculate the sum of free funds needed to open a position?
It is shown below how to calculate margin requirements for the Forex market and for CFDs on US Shares and Futures.
Let us consider the formula of margin calculation in the base currency: Margin = Contract / Leverage, where:
where:
Margin - is the collateral;
Base currency - the currency quoted first in the pair,
For example:
EURUSD - the base currency is EUR;
USDJPY - the base currency is USD;
GBPJPY - the base currency is GBP;
Contract - the contract size in the base currency. The size of 1 lot is always 100,000 units of the base currency. Consequently, 0.1 lot = 100,000 * 0.1 = 10,000 in base currency, and 0.01 lot = 100,000 * 0.01 = 1,000 in base currency;
Leverage,
For example: leverage 1:500 - 500, 1:100 - 100.
After calculating margin in the base currency, it is necessary to convert it into the deposit currency (at the rate of the position opening), i.e. USD, EUR.
Example 1. Calculation of margin on an account with the deposit currency USD:
Trading instrument (Currency pair) = EURUSD
Base currency = EUR
Lot = 0.1
Contract = 10,000 EUR (100,000 * 0.1 lot)
Leverage = 1:100 (100)
The rate of EURUSD at the opening position = 1.3540
Deposit currency = USD
Calculation:
1. Margin = Contract / Leverage = 10 000 EUR / 100 = 100 EUR;
2. Then, we convert it into the deposit currency (the USD). If the dollar in the currency pair under consideration is the first one, then the pip value should be divided by the rate, otherwise it should be multiplied:
Margin= 100 EUR * 1.3540 = 135.40 USD
Margin is equal to 135.40 USD
Let us consider how to calculate the margin needed to open a position for CFDs (US Shares and Futures). For CFD on US Shares, the leverage is 1:10.
Let us consider the formula for calculating the margin for US Shares:
Margin = (Contract * Price) / Leverage,
where:
Margin - is the collateral;
Contract - the volume of contract. 1 lot is always 100 shares. Consequently 0.1 lot = 100 * 0.1 = 10 shares;
Price - the price of CFD at the position opening;
Leverage 1:10 - 10.
What is the margin in locked positions?
In all currency pairs, margin is calculated in the USD equivalent of the base currency, but not as a fixed amount in USD. In general, margin for locked positions of the same size is calculated as follows: lots*hedged margin*(open price1+open price2),
where:
hedged margin
open_price1 - first position open price (current rate of the base currency in USD at the moment of position opening in cross rates);
open_price2 - second position open price (current rate of the base currency in USD at the moment of position opening in cross rates);
In Gold and in CFDs, which the underlying asset are US stocks, margin is calculated in percentage of total value of locked positions. In general, margin for locked positions of the same size is calculated as follows: lots*contract size*hedged margin*(open_price1+open_price2),
where:
hedged_margin
contract_size - first lot contract size;
open_price1 - first position open price;
open_price2 - second position open price;
How can I download quotes history to MT4?
In order to download quotes from the terminal, you should:
1. Update the terminal. In order to do it, download MetaTrader 4 from our website (build 205 or later) and install it over the older version. You will not be able to import the quotes via Live Update.
2. Increase the maximum quantity of bars in MetaTrader 4 settings on the basis that one day in the History contains 1,440 M1 bars: MT4 / Tools / Options / Charts / Max bars in history.
3. Go to the History Center in MetaTrader 4: MT4 / Tools / History Center.
4. Choose the instrument you are interested in (e.g. click EURUSD twice) and click Download.
As a result, MetaTrader 4 downloads the history of M1 quotes from our History Center and imports them to MT4 time frames.
I cannot place a pending order. The terminal shows «Invalid S/L or T/P». What is the principle of placing pending orders?
The answer to this question is described in details on our website under the section Trading platform MetaTrader / Userguide / Place - modify - cancel pending orders.
What is a trailing stop? What is the difference between a trailing stop and a stop order? Does it work when the computer is off?
«Trailing Stop» is the following algorithm to control Stop Loss orders:
1. No actions are taken until the moment when the position enters the profit area on X pips («Trailing Stop» level).
2. Once the profit exceeds the «Trailing Stop» level, an order to place the Stop Loss X pips away from the current price (in this case on the break-even level) is sent to the server.
3. Once a quote comes and the distance between the current price and the placed Stop Loss order is more than X pips («Trailing Stop» level), an order to modify the level of this order and place it X pips away from the current price is sent to the server.
Note: «Trailing Stop» works on the Client Terminal (whereas Stop Loss and Take Profit work on the server). Consequently, Trailing Stop functions when the Internet and MetaTrader 4 are active only. When MetaTrader 4 is not active, only Stop Loss, if it was placed by the «Trailing Stop» earlier, will work.
A bar disappeared on the chart. Why? What shall I do?
Some bars may lack due to the loss of TCP packets (relative to a temporary loss of connection with the Internet). In such case, you need to refresh the chart (click the left mouse button on the chart / "Refresh"). By doing so, all the missing data within limits of existent history will load.
If the lacking bars have not appeared, you should:
1. Close MetaTrader 4.
2. Go to the folder «history» (C:// program files / MetaTrader 4 / history);
3. In the relevant folder, delete the files the names of which contain the instrument for which the bar lacks.
4. Start MetaTrader 4.
How can I move to a certain point of time on the chart as quick as possible? It is unhandy and takes a long time to scroll the chart.
In the bottom-left corner of the chart make a double click with the left mouse button, the input window will appear.
This window allows to navigate easily between charts, periods and to move a chart into a given point.
Data entry format:
1. Symbol, period, for example: EURUSD, H4;
2. Symbol, for example: EURUSD;
3. Period, for example: H4;
4. Time, for example: 00:00;
5. Date, for example: 2007.01.24;
6. Date, time, for example: 2007.01.24 00:00.
What traffic does MT4 take?
The web-traffic size that MT4 takes is formed of several factors:
1. The number of received ticks. Every tick takes 14 bytes of information. A great number of ticks received at the same time can be squeezed and thereby take smaller web-traffic size. Above all, ticks are packed in TCP package which takes about 128 bytes. The more the ticks' intensity is, the less odd packages you need, and this also reduces the web-traffic size. Thus, the more financial instruments you keep in the Market Watch window and the more traffic size is in each financial instrument, the more traffic is taken. But, the traffic does not grow in direct ratio to the instruments' intensity but runs a level by traffic squashing.
2. The volume of uploaded data in open instruments or in time frames. Once the chart is open or the time frame is changed, history data is automatically uploaded from the moment of the previous data session and it takes 44 bytes for each uploaded bar.
3. News data feed.
4. History requests, 224 bytes for each record.
5. Trading requests.6. Inside information (crash logs).
Basic rule: If you want to reduce traffic consumption, first of all, you should close all unnecessary charts and delete all unused financial instruments from the Market Watch window.
What is a Metal Future?
Metal futures are contracts to buy or sell the value of a specific metal at a specific price on a specific day in the future. Businesses and individual traders trade metal futures for different reasons, but the primary goal is to profit from, or protect themselves from, changes in the prices of the underlying metals.
What is a CFD?
Contracts for difference offer all the benefits of trading shares without having to physically own them. Contracts for difference (or CFDs as they are sometimes referred to) mirror the performance of a share or an index. CFDs are traded on margin, and the profit/loss is determined by the difference between the buy and the sell price. Because CFDs trade on margin, investors only need a small proportion of the total value of a position to trade. CFDs also mirror any corporate actions that take place.
What is a Bond?
They can be used in a speculative capacity. They can also be used by individuals and institutions to hedge the price fluctuations of fixed-income securities. They work as an effective hedge as these contracts are effectively priced at the "expected future interest rate". So, the price will move with the view on future interest rate moves. Many fundamental factors can influence future interest rate expectations including inflation, consumer spending, industrial production, non-farm payrolls, unemployment, GDP Growth and many other factors.
What are Swap Rates?
Swap rates are open spot Forex positions held at the end of a Trading Day at 24:00 trading time on exchange. The platform will be rolled over to a new Value Date on a Tom/Next basis immediately after the change of the trading day. More details can be found on Trading Conditions for Forex Trading on our website.
Will my funds on deposit be safe?
At PSS FOREX, we realize that the safety of funds is a major concern for investors. As a result, we have taken several important measures to ensure the utmost safety of customer deposits.
PSS FOREX is a division of Private Scandinavian Sparkasse (PSS). PSS's financial footing is strong, with a steadily increasing balance sheet. In addition, PSS Holdings, LLC, the depository financial institution of PSS, guarantees all funds up to US$50,000 (Fifty thousand US dollars) in client accounts after a realized profit and loss.
Private Scandinavian Sparkasse and Credit Corp., SA (Registration number: 205443) is a wholly-owned subsidiary of PSS Holdings Co., Ltd., and is regulated and licensed by the Ministry of Commerce in Panama. As a regulated and licensed financial institution, Private Scandinavian Sparkasse and Credit Corp., SA must uphold the highest standards and business practices, and is subject to strict financial requirements and reporting. Private Scandinavian Sparkasse and Credit Corp., SA is fully licensed to handle third party funds, and adheres to strict rules and regulations to protect customer funds.
How do I know if E-Bank has been opened?
Once your account is opened, you will receive an email with your username, password, and instructions for accessing your account. Please note that your username is only assigned after your account paperwork has been approved and initial funds have been posted.
What are your commissions and fees?
PSS FOREX does not charge commissions. Prices quoted are inclusive of our normal dealing spreads, which are Interbank dealing spreads or less on all major currencies including US dollar, British pound (Sterling), Japanese yen, Euro, Swiss franc, Canadian dollar and Australian dollar.
Who is PSS FOREX?
PSS FOREX is an innovative online trading portal provided by Private Scandinavian Sparkasse and Credit Corp., SA. Please go to About Us on our website and see our Management Structure for more information.
What are Introducing Brokers?
Our Introducing Brokers can help introduce clients to the Forex market, to assist in opening and funding trading accounts. IBs can be individuals or institutions that are inclined to concentrate mainly on the sales and marketing aspects of a financial business.
What are the advantages of becoming an Introducing Broker?
• Can get paid extremely well based on the trading volume of the accounts they handle.
• Can give customers access to leading online Forex trading platforms.
• Can maximize time by having time-consuming back office issues handled for them.
• Can leverage off their existing customer base or relationships and help their business to grow.
• White label customer support and market commentary.
For more detailed information, please send us an email at helpdesk@pssforex.com
What is the White Label Program?
It enables price makers, prime brokers, futures commission merchants, and FX intermediaries to leverage PSS FOREX's proven technology, support and experience to convey cost-effective and absolute trading solutions to their own customers through an exceptional branded channel.
What are the benefits of a white label solution?
• A complete web-based trading solution for our clients.
• Access to a secure, high performance, resilient, proxy server-friendly architecture, available over public and private networks.
• An exclusive, branded, liquidity path with multiple asset classes and trading options; optional spread adjustment capability.
• Customized and flexible trading platform -PSS FOREX can quickly and economically add new features and product to meet your specific needs.
• Price streaming with 2-click customer execution and automated prime broker give-up.
• Extensive pre- and post-trade deal management support.
• Comprehensive, flexible reporting services.
What is a Member Login?
A PSS FOREX member can change their profile and make payment instructions directly from the PSS FOREX website.