TRADING

What is Spread?

Forex brokers will quote two different prices for a currency pair: the bid and ask price. The “bid” is the price at which you can SELL the base currency. The “ask” is the price at which you can BUY the base currency. The difference between these two prices is known as the spread.

What is Margin?

Margin is the money borrowed from a brokerage firm to purchase an investment. It is the difference between the total value of positions held in an investor’s account and the loan amount from the broker.
In a general business context, the margin is the difference between a product or service’s selling price and the total cost of products, or the ratio of profit to revenue.

What is a margin call?

A margin call is a scenario in which a broker who had previously extended a margin loan to an investor sends a notice to that investor asking them to increase the amount of collateral in their margin account. When faced with a margin call, investors often need to deposit additional cash into their account, sometimes by selling other positions.

What is leverage?

Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment. Forex Leverage is a way for a trader to trade much bigger volumes than he would, using only his own limited amount of trading capital.

What is swap?

A swap is a derivative contract through which two parties exchange the cash flows or liabilities from two different financial instruments. Most swaps involve cash flows based on a notional principal amount such as a loan or bond, although the instrument can be almost anything.

What is forex trading?

Forex (FX) refers to the marketplace where various currencies and currency derivatives are traded, as well as to the currencies and currency derivatives traded there. Forex is a portmanteau of “foreign exchange.” The forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day.

What is currency pairs?

A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first listed currency of a currency pair is called the base currency, and the second currency is called the quote currency.

What is a lot?

A lot in the financial markets is the number of units of a financial instrument bought on an exchange. The number of units is determined by the lot size. For example, in the stock market, a round lot is 100 shares. However, investors do not have to buy round lots, where a lot can be any number of shares.

What is a pip?

Pip is an acronym for “percentage in point” or” price interest point.” A pip is the smallest price move that an exchange rate can make based on forex market convention. Most currency pairs are priced out to four decimal places and the pip change is the last (fourth) decimal point. A pip is thus equivalent to 1/100 of 1% or one basis point.

What is the bid?

A bid is an offer made by an investor, trader, or dealer in an effort to buy a security, commodity, or currency. A bid stipulates the price the potential buyer is willing to pay, as well as the quantity he or she will purchase, for that proposed price. A bid also refers to the price at which a market maker is willing to buy a security. But unlike retail buyers, market makers must also display an ask price.

What is the ask?

The ask is the price a seller is willing to accept for a security, which is often referred to as the offer price. Along with the price, the ask quote might also stipulate the amount of the security available to be sold at the stated price.

What is volatility?

Volatility is a statistical measure of the dispersion of returns for a given security or market index. In most cases, the higher the volatility, the riskier the security. Volatility is often measured as either the standard deviation or variance between returns from that same security or market index.

What are the working hours of Forex market?

The forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. It has no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks). Forex market works 24/5.

Can I lose more than I invest in Forex?

If you don’t use leverage you can’t lose more than you invested because you trade on your own money. But even with leverage when you reach a certain limit (maintenance margin) you will receive a margin call from your broker to add more funds to your account. If you don’t comply with this (meaning you don’t add funds) the broker will liquidate some of the orders and it will restore the balance of the account to meet the maintenance margin.

How to profit in Forex?

Always be in touch with your personal analyst who will help you to build your own strategy. Also, use our analytic and educational materials to stay tuned.

BANKING

What currencies can be used in my account?

Level Trade supports all major currency pairs. As soon as the account has been verified after the registration completion, the currency selection cannot be altered.

Is my personal data safe and secure?

We hold the security of customer’s personal data at highest priority, and treats all information it receives with utmost respect and confidentiality. All data we obtain are fully protected using the highest level possible of encryption at every step of the review process.

Who has access to my account?

A primary account holder refers to the main user of an account. Primary account holder is legally responsible for the account and can also name authorized users.

What is the minimum and maximum withdrawal amount?

When you withhold money from your trading account, we set a minimum withdrawal amount estimated at 10$ as required by our internal rules. Please Note: The lowest limit of withholding currency’s amount is referred to as the currency you are currently dealing with.

Level Trade does not limit the amount you can withdraw or deposit into your trading account. The deposit amount is unlimited, and the withdrawal amount should not exceed free margin.

How to fund the account?

You should consult your personal account manager what amount is the best to fund your account with as well as the proper funding method. The manager will advise you how to avoid extra commissions and dues.

ACCOUNT

I forgot my password. What should I do?

If you cannot remember your password to enter the system, you will be notified of details about the steps to have access retrieved through the homepage. It only takes you to click the ‘forgot password’ button, then enter the personal details and click ‘send’. Having received the query from you, we will send your password details by sending an email to the email address used within the registration procedure.

How can I change my personal details?

Change and update your account details and related information in your account page by clicking on your name at the page’s top side. You can also change your details by phone or email unless our customer service helps you.

I have questions about trading, what should I do?

If you are interested in recent trade or payout reports, please send a query to support@leveltrade.io with a print screen attached.

Why can't I see a particular asset or chart?

The default assets displayed on the trading room page are assets that have proven to be most in demand. Find other assets in the Assets Index or ‘options’ menu.

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