FAQ
FXtraderLink was designed to use reliable cutting edge Technology to create a 3 way link between
- 1. The Investor/Client
- 2. The Signal Providers (Proven FXTraders)
- 3. The FX Brokers
Using the most up to date software and hardware enables the complete FX novice or the seasoned professional complete access to 1 or more proven FX Signal providers. All of the trades are placed live in real time on your account with no input from yourself. You can however close or open any trades to your liking at anytime.
What is Autotrading?
Automatically having trades sent by the Signal Providers of your choice opening and closing FX Trades on you live or demo account
What is a Portfolio?
A Portfolio is a selection of FX Signal Providers of your choosing. You can adjust the leverage and alter your Signal Provider selections at any time.
Are you a broker? Or signal provider?
No, we are not either broker not signal provider. We do allow easier and cheaper communication between users, signal providers and brokers. User do open account at his broker and 'tells' us which signal providers he would like to trade. And we do trade these signals automatically on user's account.
How do I open an account?
You can choose to open a live account or a 50K demo account.
I already have a live account with FXCM. Can I connect it to FXTraderLink.com?
Actually no you can't, all new applicants must open a new account with us and the FX Broker. Our RB (Referring Broker) enables us to be paid a rebate. This enables us to keep FXtraderLink.com running. Existing account holders can however hold sister accounts under different IBs.
What is it going to cost me to use the FXTraderLink Platform?
1 pip has been added to FXTraderLink Spreads. That rebate is shared equally with FXTraderLink and the Signal Providers. There are
NO OTHER FEES OR CHARGES.
How secure is the FXtraderLink system?
At all times you are in total control of your account and no one is able to withdraw any funds from your account. Security measures put in place by the Brokers ensures that money can only be debited or credited back and forth between bank accounts held in the account owners name and FX Trading accounts registered in the owner's name.
What is the minimum account size?
The minimum account size is $1000 USD however beware that there are margin requirements to be met in order to enable 1 or more specified Signal providers. We advise $3000-$5000 minimum
What is a Pip?
A pip is the smallest price increment in forex trading - pip stands for percentage in point. Prices are quoted to the fourth decimal point in the forex market (some Brokers to the 5th decimal point) - for example EUR/USD might be bid at 1.1914 and offered at 1.1917. In this example we can see that the spread is 3 pips wide. The Japanese Yen (JPY) is an exception - it is quoted only to the second decimal point.
What is a Lot?
In a mini account, the "LOT" or contract sizes that are traded are 10,000 of the base currency, whereas for a regular Forex account the "LOT" sizes are 100,000; in other words, the mini forex contract is 1/10th the size of the standard contracts.
What's the difference between "standard" and "mini" accounts?
A Standard account has a minimum of $10 per pip. A mini account is minimum $1.00 per pip. Mini accounts allow a much lower entry level for Traders.
Can I open my account in a different currency base?
Yes. You can open accounts in base currencies of USD, JPY, EUR, GBP and AUD
Can I trade manually through FXTraderLink?
Yes you can. You can open new trades and close existing trades to suite yourself. Please note that this will create a difference between your accounts returns and the listed returns posted by the nominated Signal providers.
Can anyone become a Signal Provider?
Yes any and all Signal providers are welcome. Signal providers who achieve consistent good results will inevitably retain the most Investors over time.
How do the signal providers get paid?
FXtraderLink shares 50% of the pip rebate back to the Signal Providers. This is added to provider's account when trade is closed.
