Forex trading is the simultaneous action of buying one currency and selling another. The combination of these two currencies creates what is known as a currency pair. Currencies are always traded in pairs, and each currency in a pair is represented by a unique three letter code.
The "leverage system", which makes the Forex market more attractive than other markets, also includes risks related to the speed of use. The leverage system can result in high profits or losses. However, your loss in the Forex market is only limited to the deposited collateral amount.
The advantages of Forex traders offer the opportunity to make high profits through trading thanks to the low assurances brought by the leverage feature. The Forex market offers the opportunity to evaluate its investments thanks to the high liquidity of the global market, with the help of both buy and sell transactions, two-way transactions, wide product range and multiple orders thanks to Metatrader 5.
There is no additional cost other than the purchase-sale price difference (spread). If your transactions remain open for more than one day, the carrying costs (swap rates) will be reflected in your account as a positive or negative change in the account balance. However, we also do not want to carry on costs, there is a swap-free account option for our traders.
If the balance of your account is greater than the amount you requested, your withdrawal request will be executed quickly. However, it is still recommended to create these requests by checking your account status and margin level and not to put the account at risk.