Frequently asked questions

What is forex?
Subtitle

Forex is a commonly used abbreviation for “foreign exchange” and it is typically used to describe trading of currencies in the foreign exchange market by investors and speculators. Forex is the world’s most traded market, with an average turnover in excess of US$4 trillion per day. Compare this to the New York Stock Exchange, which has a daily turnover of around US$50 billion and it’s easy to see how the foreign exchange market is the biggest financial market in the world.

What is a forex robot (expert advisor)?
Subtitle

A forex robot (also known as expert advisor) is a program created in the computer language MQL that automates the trading processes in the MT4 platform. Forex robots can trade automatically based on some predefined conditions and rules.

How do I start
Subtitle

In order to start you need to open an account with our partner broker. After your account has been approved you will get your account number. The Expert Advisor will be send the same day and we will help you with the installation of the EA.

Yes, if we do not show any live track records you are offered to trade an EA in a demo account.

Please download a tutorial here

Yes but better to use a VPS. We can give you links to good VPS providers and from 5 lots traded we will credit the amount up to $10 into your trading account.

This depends on the market conditions, but best to start with $3,000

To trade any of our published strategies we charge a mark up on the spread. This varies per Expert Advisor.

Yes as long as your account is funded sufficiently.

Open a broker account
Subtitle

Yes. Formax Prime Capital (UK) Limited (08891879) is authorised and registered by the Financial Conduct Authority with Firm Registration Number; 624225 and has its principal place of business at Suite 627, 107 Cheapside, London, EC2V 6DN

This depends on the market conditions, but best to start with $3,000

We charge approximately $10 per lot traded.

Yes. Your money is held in a segregated account with our partner broker Formax Prime.

Please provide us with the name of your broker so we will try to partner up with them.

VPS

A virtual private server (VPS), also called a virtual dedicated server (VDS), is a virtual server that appears to the user as a dedicated server, but that is actually installed on a computer and can serve your MT4 terminal. The big advantage is that this terminal is always switched on which is needed in order to trade with most forex robots. Read more here

Yes, from 5 lots traded we will credit up to $10 monthly for your VPS fees. Read more here

Yes. In case you need help with the installation, our support team is here to help.

You still have questions? Fill out the contact form and we will respond as soon as possible.