Forex trading explained
What is Forex?
FOREX (Foreign Exchange) is the market where one currency is traded for another.
For example, in Europe the currency in circulation is Euro (EUR) and in the United States the currency is US Dollar (USD). An example of a currency trade is to buy the Euro while simultaneously selling the US Dollar.
Foreign Exchange is one of the largest markets in the world. The foreign exchange market operates 24 hours per day throughout the week. When the European session ends the Asian session or US session start, all world currencies can be continuously traded. The average daily international foreign exchange trading volume stands at $4.0 trillion. Simply go on our website and start trading!
Where can I learn more about trading?
At Financika we know that knowledge is power. We understand the importance of educating our traders about trading on the Forex market. Whether you are a beginner, intermediate or experienced trader, the best way to learn is through practice. Financika offers you an Account Manager to teach you new trading concepts and techniques and to help you become a professional trader. Besides, Financika offers you exclusive live lessons of webinar, where you can ask your question in real time.
Which hours can I trade?
With online trading, you can trade 24 hours a day 5 days per week, offering you the freedom to trade whenever you’d like. You can execute instantly on the Forex market with real-time quotes, without having to wait for a broker to place your trade. Click here to get started!
Why should I trade currencies?
Currencies are considered generally to be a more predictable and stable instrument than stocks, making it easier for traders to follow a trend and test strategy, thus increasing your chances to profit.
With Financika you can trade 24 hours a day 5 days per week, offering you the freedom to trade whenever you want.
How can I minimize risks of currency trading?
Forex is a legitimate and straightforward way of generating income.
In forex you trade substantial sums of money and there is a possibility that you will lose money. That is why Financika offers you the most comprehensive trading tools and learning Forex tools which can minimize your risk.
With the suitable tools, information and access to all world’s currencies, you are in control of the trades you make and you cannot lose more money than you invest.
For example, stop-loss orders, which contain instructions to exit your position if the price reaches a certain point, are a common way to minimize risk.
What is leverage? What leverage does Financika offer?
Financika offers its traders up to 1:200 Leverage. This is where the real power of Forex trading is! Leverage allows forex traders to control more currency in a trade than they have deposited in their trading account. With 1:200 leverage, the trader needs 1 unit of currency to control 200 units in the forex market. For example: If you trade EUR/USD with $200, your actual trading power is $40,000. For farther information, register here and receive professional explanations from our Forex account manager.
Trading with Financika
What is Financika?
Financika is a world leading foreign exchange broker. With Financika you can trade over 40 currency pairs, 24 hours a day 5 days a week, offering you the freedom to trade whenever you want. Our trading tools are available at your disposal 24/7 with professional analysis, superior exchange rates, commission free trading and a web-based trading platform – without the need to download the platform.
At Financika, we offer our traders the best financial services and the latest technology - the state-of-the-art PROfit trading platform. You also receive 1-on-1 coaching with our experts.
- 24 Hour Trading
- Open an account for as little as $200
- No Commissions or Hidden Fees
- Up to 1:200 Leverage
You can trade over 40 currency pairs plus commodities like oil and gold as well as CFDs.
I’m new to forex trading. Can I use Financika?
Financika is the perfect option for newcomers who want to trade currencies and commodities online. At Financika we understand the importance of enriching our traders. Whether you are beginner, intermediate or experienced trader, the best way to learn is through coaching and practice. This is why we offer all traders free training with an expert investor, guide eBooks, video tutorials and webinars designed especially for beginners.
What is PROfit?
The PROfit trading account gives you access to the state-of-the-art PROfit trading platform, the latest in trading technology. With the PROfit trading account you experience instant trade execution and one-click trading. Accounts start from $200 investments and provide you with direct platform support 24/7, a fully customizable interface, no commissions or fees, up to 1:200 leverage on all trades and much more.
What security do I have when trading with Financika?
Trading with Financika is extremely secure. Financika is an internationally recognized investment company that maintains the highest financial security standards.
Can I trade by calling Financika?
Yes! Financika allows all traders to place orders over the phone by calling our dealing room, available 24 hours a day, 5 days a week. Just call +41 22 533 1268.
Does Financika charge any commission and/or trading fees?
There are no commissions or hidden fees. Financika offers trading without the need to pay commissions, fees, or brokerage charges.
Opening an Account
How do I open an account?
You can open a trading account, by simply visiting the Financika homepage and registering your details with us.
I have registered but can’t login to my account. What I should do?
In cases like this it is most likely that you have forgotten your Financika account password.
If you trade using PROfit, the easiest way to retrieve your password is to open the PROfit trading platform from your desktop and click "Forgot your password?", then insert the email you have used to register with Financika. If you encounter any problems with this process, or you trade using MT4, please let us know your account details (email, username, first name and last name) and we will be happy to assist you immediately, write to us here: firstname.lastname@example.org
Can I place a trade with my mobile device?
Yes! The revolutionary PROfit platform is now available as for iOS and Android devices, so you won’t miss a single market movement. Use the same login details as your online PROfit account and access your trading account anywhere, anytime. View your account status, see currency quote graphs and check your positions all from your mobile device. Click here to download PROfit app:
How do I deposit funds into my trading account?
Financika offers its traders the most popular and accessible payment methods.
You can take advantages of 4 deposit methods and select which one fits your requirements and specifications:
International Credit Cards via website or phone− Instantly Wire Transfer – 2 to 5 business days. Deposit via an Ewallets online services like Skrill, Neteller – 0 to 5 business days
Traders can deposit funds directly through the trading platform by clicking on the Deposit button that appears on the Account status window, click here to deposit.
What is the minimum deposit amount?
For just $200 you can open an account! Financika offers you a personal account manager to assist you with the platform and guide you through the process.
If I choose to send wire transfers, who should I send it to?
In order to fund your account via Wire Transfer, please contact your account manager, who will guide you through the process.
Can I withdraw my Credit (bonus)?
As a Financika client, you have the chance to receive a "Trading Credit".
This "Trading Credit" will allow you to extend your line of credit and will assist you in holding your open positions in the market towards future revenue.
Basically, the Credit will act as money added to your account.
Using this, you can withdraw its profit and the Credit itself only after you complete our "credit terms and conditions."
What is the status of my withdrawal?
In order to follow your withdrawal status, please send an email to our customer service at email@example.com with the following details: username, UserID and the amount of your withdrawal request.
How long does the withdrawal process take?
Financika offers its traders the fastest withdrawal times in the market, and process withdrawal requests as quickly as possible. Our average withdrawal request processing time is usually 4 – 5 business days depending on your banking provider.
Does Financika deduct any amount from my account for tax purposes?
No. Financika does not deduct any amount from your account for tax purposes.
Will someone manage my investments?
At Financika, you are the one who trades on your account, and we are here to support you - our primary job is to help you generate as much profit as possible. At Financika we believe in personal service and one-on-one Forex training and assistance from our Forexperts team. Our well-trained staff of veteran market traders will be at your service 5 days a week to answer any request or provide any support you may need.
Who can help me with questions about my account?
When you signed up to Financika you were allocated your own personal Forex account manager or “forexpert”. Your Forexpert becomes your personal account manager and trainer, someone who is familiar with your trading history and can talk you through new trading concepts and techniques. Your personal account manager can help you with any questions you have 5 days a week through email, by phone or by live web chat.