How do I get started

The first step is to read our policy statements on Privacy and Anti Money Laundering. The next step is to fill in the Registration Form. You will then receive a confirmation letter from us via post and email, you will need to sign this letter and provide any proof of address or other documents that the letter requires (depending of your country residency and legal status). You will then receive a phone call/email stating that your account is now open (or otherwise).

Each time you wish to make a currency trade you will need to fill in an instruction form, this is online and easy to complete. You will need to respond to our email of confirmation with your unique trading code that you wish for this instruction to go ahead.

You can deposit money via BACS/CHAPS/TT or Cheque. We will only make the trade on receiving cleared funds in our account.

You will be notified of the rate of exchange used and a comparison of the daily rate offered by a local banks highlighting any indicative savings made by using our service via a statement on each trade.

FOREX Summary & Terms

Summary

• FOREX means Foreign Exchange
• The FOREX Market is a $1.95 trillion a day financial market, dwarfing everything else including stocks & futures
• There is no centralised exchange or clearing house for currency trading
• The FOREX market is les regulated than other financial markets
• FOREX is a 24 hour Market
• The top four traded currencies are: US Dollars (USD), The European Currency Unit (EUR), The Japanese Yen (JPY) and the British Pound (GBP)
• Each FOREX trade involves simultaneous buying of one currency and the selling of another (known as currency pair)
• Pips: A PIP is the smallest unit of a price for any foreign currency (sometimes called points)
• Ticks: A tick is the smallest interval of time (x-axis) that occurs between two trades

All other currencies are referred to as minor currencies.