FAQ

General

What is forex trading?

Foreign exchange trading is speculating on the comparative prices of currency pairs. Learn more here.

What are the working hours of Forex market?

The market is open from 22:00 GMT Sunday till 22:00 GMT Friday.

Can I trade outside market hours?

No. Orders can only be placed during market hours. Certain markets may be quoted outside normal trading hours. This is called 'Grey Market' pricing. But no trades can be placed at that time either.

Do I have to pay tax on my profit?

We do not deduct any taxes off your profit. Please contact local tax authorities for more information.

Can I lose more than I invest in Forex?

We will not allow you to lose more than the available funds on your trading account. Your losing position will be closed when your account balance nears zero.

Does ASX charge commissions?

Depending on the account type, some products are liable to commission. All charges will be clearly stated in your daily and monthly statements.

I have complaints or further questions.

Please contact us by phone or e-mail us at compliance@asxmarkets.com

Trading

What is the maximum trade volume I can place?

It depends on your account type and your available margin. Find details on Market Information Sheet.

Are all my trades guaranteed?

Unfortunately, they are not. If volatility is high, prices move quickly. We may not be able to obtain a quote for you at the price you requested.
For an instant execution order, you may be re-quoted in a few seconds. For a pending order, you may experience slippage on the opening price.

What is slippage?

Market prices change very quickly. By the time your order is placed, the price may have slightly changed. So, you get the next available price.

Account

In which base currencies can I hold my account?

You can choose USD.

When will I receive profits?

The profits and losses from closed positions will be reflected to your account immediately. Only cleared funds will be available for withdrawal.

START TRADING IN 3 STEPS

  • 01

    SUBMIT YOUR APPLICATION

    EASY SIGN-UP

  • 02

    FUND YOUR ACCOUNT

    DEPOSIT INSTANTLY

  • 03

    PLACE YOUR TRADE

    ENJOY FAST EXECUTION

  • FOREX

  • INDICES

  • COMMODITIES

  • EQUITY CFD

  • CRYPTOCURRENCIES