Frequently asked questions

Forex, also known as the foreign exchange market, is a decentralized global market for trading currencies. It is the largest financial market in the world with an average daily turnover of over 6 trillion dollars.

In the foreign exchange market, currencies are traded in pairs, such as the euro and the US dollar (EUR/USD), the British pound and the Japanese yen (GBP/JPY), or the Australian dollar and the US dollar (AUD/USD). The value of one currency is determined by its comparison with another currency. For example, if the exchange rate of EUR/USD is 1.20, this means that one euro is worth 1.20 USD. Forex traders can buy and sell currencies for speculation or to hedge against currency risk on other financial markets. Forex trading is done through a broker or dealer and is typically conducted through an electronic platform.

Forex trading carries a high degree of risk and may not be suitable for all investors. Before entering the forex market, it is important to understand the risks and factors that can affect the value of currencies.

Leverage effect in trading refers to the use of borrowed capital to increase the potential return on investment. In relation to forex trading, the leverage effect allows traders to access larger amounts of capital without having to invest the full amount required to open a trade. For example, if a trader has a leverage ratio of 1:100, it means they can trade up to 100 times their capital. So, if a trader has a capital of $1,000 and is using a leverage effect of 1:100, they can trade in the market for up to $100,000. Leverage is, of course, a double-edged sword, so it is very important to understand it and know how to use it correctly.

Swap points represent the value charged on open positions held overnight. They reflect the difference between interest rates and other associated costs related to a specific currency pair or other assets. Can be positive or negative.

Trading on Forex can be profitable, but it is also risky. Like any form of financial trading, there is the potential for gain as well as the possibility of loss. The key to successful trading is a good understanding of the market and the development of a trading strategy based on thorough analysis and risk management.

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In the context of Forex (foreign exchange) trading, "slippage" refers to the difference between the expected price of a trade and the actual price at which the trade is executed. Slippage can occur when there is a delay between the time a trader places an order and the time the order is executed. This delay can be due to various factors, including market volatility, liquidity, and order execution speed. There are two types of slippage: Positive Slippage: This occurs when a trade is executed at a more favorable price than the one originally requested by the trader. Positive slippage is generally considered a beneficial outcome for the trader. Negative Slippage: Negative slippage, on the other hand, occurs when a trade is executed at a less favorable price than the one initially requested. Negative slippage can result in higher trading costs and potentially impact the profitability of a trade. Slippage is more likely to occur during periods of high market volatility, economic events, or when there is low liquidity in a particular currency pair. Traders often use various strategies and order types to minimize slippage, such as limit orders and stop-limit orders, which allow them to specify the maximum price at which they are willing to buy or sell an asset. It's important for traders to be aware of slippage and understand how it can affect their trading outcomes. Spread, Bid-Ask & Slippage

Yes, we enable holding trades during the night! But we strongly recommend not doing it, or doing it cautiously, because in this case, especially on cross pairs (less liquid pairs), spreads widen to enormous levels, and it's better to avoid this period! Spread, Bid-Ask & Slippage

Yes, scalping is allowed but with certain conditions. The trade must be open for at least 30 seconds. If the trade is opened mistakenly and closed within 30 seconds, the trader will not be punished, but if it is part of a trading strategy, it can lead to the account being canceled.

Yes, but we strongly recommend not doing it, or doing it cautiously, because in this case, especially on cross pairs (less liquid pairs), spreads widen to enormous levels, and it's better to avoid this period! Spread, Bid-Ask & Slippage

No

Yes, we allow trading on news, but you must be careful not to fall into any of the prohibited trading strategies further defined in the Terms & Conditions in article 7, mainly opening an excessively large volume. Spread, Bid-Ask & Slippage

You have 6 months to activate your account and start trading.

It is not possible to utilize any automatic EA system on our trading training platform.

It is possible to trade anything currently available on the demo trading platform. The offer is diverse and you can view it HERE or directly in the demo trading platform.

The size of leverage varies in different programs and phases. For more information on leverage sizes, you can find it in the specific terms of the demo trading program HERE or in the following table:

The free demo account is a free version of our demo trading programs, which serves traders to try our services for free. It is a fully automated version of our services. Please note that the free trial version may differ from our demo trading programs in some areas such as duration, account size, leverage size, maximum drawdowns, target profits, etc. Only one free demo account is available. Note that successfully completing a free trial account does not entitle you to obtain a real account. Although your results within the free trial version may be excellent, you still need to go through the entire verification process to become a trader on a RCF account.

Yes, all our accounts are swap-free, applicable to 28 forex pairs and metals. You can verify this information by checking HERE.