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| RATE |
BID |
ASK |
| EUR/USD |
1.2498 |
1.2501
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| USD/JPY |
94.660 |
94.700
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| GBP/USD |
1.4820 |
1.4825
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| USD/CHF |
1.2269 |
1.2275
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| AUD/USD |
0.6209 |
0.6213
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| USD/CAD |
1.2825 |
1.2830
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1. How to open a real account?
To start working with Finworld Inc. you have to enter into a contract with us. For the details click here.
2. Where should I transfer deposit?
When all the necessary documents are accepted, you'll be sent the bank requisites. You'll be able to select the method for transferring funds. If you execute the contract through the Internet, the number of your subaccount will be sent to you by E-mail. In case we exchange the documents by fax, the number of the subaccount will be faxed to you.
3. Can I use the subaccount as a usual bank account?
No, you can not. The money on the subaccount is used only as your margin deposit for trading in the FX.
4. Will there be accumulated interest on the money in the subaccount?
Yes, Finworld Inc adds interest to the money on the deposit. Interest is added on the minimum balance in the subaccount at 1 per cent per annum.
5. How to transfer the money from my subaccount to some other account?
You'll have to mail or fax a written order in a free form with the sum that you want to transfer and the requisites of the account into which you want to have the money transferred.
6. How much can I gain if I start trading in the FOREX market with a minimum deposit?
Everything depends on the level of your experience. Very few professionals reach the level of profit 10 to 20 per cent a month. Most successful traders make 2 to 10 per cent a month. The level of profit depends on the sum of the margin deposit. It's sufficient to double or even triple the minimum deposit within a short period of time, but if the deposit is average or big, it's practically impossible to do it. You shouldn't forget that high profits are proportional to high risks.
7. What are the business hours of the FOREX market and Finworld Inc. ?
The working hours of our company coincide approximately with the working hours of FOREX. We accept trading orders 24 hours a day from 9:00 PM ET on Sunday to 8:00 PM ET on Friday except during red-letter days in Europe.
8. Is there a differenc between the work of real and the work of demo accounts?
Yes, there are some differences. For details click here.
9. Are there any limitations for the period of keeping an opened position?
No, there are not.
10. How to conduct transactions if access to the Internet is impossible?
You can always continue trading via the phone. Our dealer on duty will take your orders 24 hours a day from 9:00 PM ET on Sunday to 8:00 PM ET on Friday except during red-letter days in Europe. For details about trading via the phone, click here.
11. How long is the period of time between sending an inquiry about a quote and receiving an answer from the Finworld Inc. dealer?
Usually a dealer supplies the information in 30 to 40 seconds, if the inquiry was sent through the Internet. (On a demo account, the delay is 10 to 15 seconds). If the inquiry was made via the phone, the answer will be given in 5 to 10 seconds.
12. Many brokers give different quotes in real and demo trading. What about Finworld Inc. ?
Quotes in real and demo trading are absolutely the same.
13. How near to the real price can you set up Stop and Limit orders?
Stop and Limit orders can not be set up nearer than at 5 pips from the current quote. However, you should know that if the movement in the market is strong (this happens very seldom), your level of Stop or Limit orders and the level on which the order will be fulfilled may be different.
14. Can I turn to the dealers of Finworld Inc. for recommendations about my activities in the FOREX market or about the situation in the market?
Yes you can... But we do not take any responsibility for forming your market strategy.
15. Can I change leverage as I wish?
Finworld Inc. gives you an opportunity to choose the leverage for each new position you are opening. You can choose out from the following variants: 1:200, 1:100, 1:50. It's allowed to use a leverage of 1:25, but then the position must consist of 4 or more contracts.
16. How many pips are there in a spread?
A spread in a quiet market contains 5 pips.
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| FINWORLD INC. CANADA |
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| 130, Kingstreet, suite 1800, Toronto, Ontario, M5X 1E3, Canada |
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+1 416 860 6213
info@finworld-inc.com
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| Business hour - Monday to Friday - from 8:00 AM to 2:00 PM - Eastern Time |
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| Copyright 2006, Finworld Inc., All right reserved. |
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