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Frequently Asked Questions (FAQ)

For any questions regarding FortisFX or the services we provide, please refer to our FAQ below.
If you have any questions that are not listed below, please don’t hesitate to contact us.

      Currently you can choose from the following options to deposit and withdraw funds : multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods.

      In order to withdraw funds, your trading account must be validated. This means that first you need to upload your documents in our members area : proof of identity (ID, passport, driving license), and proof of Residency (utility bill, telephone/internet/tv bill or bank statement), which include your address and your name and can’t be older than 6 months. All withdrawals are processed by our back office within 24hours on business days.

      Forex or the “Foreign Exchange Market” is the largest financial market in the world, with a daily average turnover of approximately US$3 trillion. Forex trading is the simulatenous buying of one currency and selling of another. The price of currencies is floating and dependent on supply and demand. Foreign Exchange is always traded in pairs, for example EUR/USD or AUD/USD.

      Making money trading forex involves buying lower and selling higher or selling higher and buying back lower, using leverage means that you are able to deposit a smaller amount of money to achieve the same buying power as you would have it your brought and sold the currencies outright.

      In the example Mary deposits $5,000 into her forex trading account and nominates the leverage on her account to be 1:100. As a result of leverage Mary buying power on her $5,000 deposits becomes $500,000. Mary decides to BUY 0.1 lots of the AUD/USD par at a price of 0.99802, 3 days later the price of the AUD/USD is 1.04069 and Mary decides to close her position. Mary profit is calculated as (1.04069 – 0.99802) 426 pips. As many opened a position of 0.1 lots Mary made a profit of $426 or $1 per pip.

      Of course should the AUD/USD moved againts Mary below the opening price of her trade to a level of 0.97802 Mary would have incurred a loss on the trade of (0.99802-0.95542) 426 pips. As Mary position size was 0.1 lots Mary would have incurred a loss of $426 or$1 per pips.

      Forex is said to be one of the fairest and most transparent markets on the earth this is mainly because of the large amount of markets participants and sheer size and number of transactions. There is not one single country or bank that can completely control the direction of a currency.

      There is no one central location of the forex market, unlike the stock and futures markets forex is not traded on an exchange but it is a traded on an Over-the-Counter (OTC) basis with no central exchange between Banks, Governments, hedge fund and private investors. The forex market is open 24 hours a day 5 day per weeks.

      Fortis Markets Corp with company registration number 153326 FortisFX label were registration on 12 September 2014 according to International Business Companies Act. 1994 of Republic of Seychelles. Fortis Market Corp with standard as major are going through business expansion that is very active cover Europe, Africa and Asia. Deep conviction on accuracy and conventional currency trade request be coming coming encouragement. This idea becomes target after many brokers run multilevel programme that not in accordance with genuine currency exchange desire.

      Research Department and development FortisFX believes with high technology and website consumer friendly face display in providing service that is fast and effective to maximise trade opportunity rake in profit currency exchange market. Research and technology development will always become Fortis Markets Corps focus as expansion objective in future.

      In forex the spread is the difference between the BID and the ASK price. In order to ‘go long’ you would submit a BUY order and trade on the ASK price, it you intent to ‘go short’ you would submit a SELL order and trade on the BID price.

      Trading with FortisFX, no fees and no commission.

      Minimum lot size in FortisFX is 0.01.

      Trading over the internet on the world’s most popular trading platform Meta Trader 4 is easy. Once you have downloaded and installed the trading platform simply login and double click on an instrument in the market watch screen. In the order ticket that appears enter your desired trading volume than click on ‘buy market’ or ‘sell market’ a market execution order will then be processed. The Meta Trader 4 platform will automatically fill your order providing there are sufficient funds in your trading account. Your open position will appear in the trading terminal and the profit/loss and margin will be calculated in real time according to price movement.

      Margin is the amount money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and leverage applied to your trading account. If you do not have sufficient free equity available you will be unable to open a position on the trading platform. The free margin amount shown in the trading platform is the amount you have available to use should you wish to open additional positions.

      Verification and validation : In quality management system, it is the act of reviewing, inspecting or testing, in order to establish and document that a product, service or system meets regulatory or technical standards.

      Verification Theory : Philosophical theory relating the meaning of a statements to how it is verified.

      Third party verification : Use of an independent organization to verify the identity of a customer.