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Frequently Asked Questions

Your Gateway to Support and Information. Find answers to common questions about trading with CentFX.

General Info - Forex

The forex market technically never closes, but retail traders can only trade the hours between Sunday at 5:00 pm ET and Friday at 5:00 pm ET.
The forex market opens on Sunday at 5:00 pm ET.
Forex, short for "foreign exchange," refers to the global decentralized market where currencies are traded.
A CFD, or Contract for Difference, is a trading agreement between you and a broker based on price movements of an asset.
When the margin level drops below CentFx's required margin level (shown as a percentage on the MetaTrader 5 platform), the stop out is triggered.
A lot is a standard size of a transaction.
Gaps are created after a period of inactivity in the market.
Slippage occurs when a trade is executed at the next best available price rather than the requested price.
Margin is the amount of money required to open or maintain a trading position.
Free Margin is the available funds not currently used as margin for open positions.
The Margin level is calculated as Equity divided by Margin, expressed as a percentage.
A round trip transaction consists of opening and closing a specific trade.
Hedging consists of opening two opposing positions of the same size on the same trading symbol.
A PIP (Percentage in Point) is the smallest change in price in a currency pair.
Leverage allows traders to control a larger position with a smaller margin deposit.
The spread is the difference between the Bid and the Ask price.
A Stop Loss order automatically closes a position when the market reaches a specified loss level.
A Take Profit (TP) order automatically closes a position when a specified profit level is reached.
A pending order is an order set to be executed at a later time at a specified price.
A VPS is a Virtual Private Server.
This service is not available.