Questions and answers to common trading and AMFX related queries
Questions and answers to common trading and AMFX related queries
Previous experience is not required. Experience can be gained by using our AMFX Demo account where you can practice trading in the Forex and CFDs markets with no risk.
However, it is advised to read and understand all the risks involved in trading. Refer to our Risk Disclosure for details. As a next step, AMFX gives clients the opportunity to open a live trading account where they may trade under real-time prices and market conditions with the minimum investment.
It must be noted at this point that your experience will be a matter for review by our Compliance department and if in their opinion, your experience is insufficient, we will not be able to open an account for you. This decision is made in what is felt by our Compliance Officer to be the best interests of the client
AMFX provide you with an opportunity to test our trading platform via a Demo account.
Demo accounts are great tools to assist you to gain more experience using ‘virtual’ funds only. You can practice your trading skills on all Alpha Capital Market platforms which are based on the globally renowned Metatrader 4 (“MT4”) platform for a free trial period of 30 days supported by a virtual USD 25,000 fund. During the trial period, you can get acquainted with the financial instruments traded, trading procedures and the risks involved in trading financial instruments.
The following are the Financial Instruments you can trade with AMFX:
To view the complete list of instruments with their symbols, contract sizes, pip values, margin requirements, spreads on orders from Market price, transactions and trading times, please click here
To top-up your Demo account please contact our Client Services Team via live chat or send an email to email@example.com
The foreign exchange (Forex, FX, or Currency market) is a global, worldwide market for trading currencies. Financial centres around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The Forex market determines the relative values of different currencies.
Currencies that are traded against the US dollar are called Majors and make up the greatest number of foreign currency trades. Click here for specifications for Forex Currency Pairs and Spot Precious Metals available for trading at AMFX
A lot is the standard unit size of a Forex transaction. Typically, one standard lot is equal to 100,000 units of the base currency; At AMFX you can also trade mini lots as well.
The Spread is the difference between the Bid and Ask prices. When trading any financial instrument, you are offered two prices; the Bid price and Ask price. The Bid price is the selling price and the Ask price refers to the price offered for buying. The difference between the Bid and Ask is called Spread and varies for each financial instrument traded. An advantage of trading forex currency pairs at AMFX is the low fix spreads offered.
When you register with AMFX you are required to fax, or scan and email, your passport or ID card and proof of address. For proof of address we will accept a utility bill, bank statement, or another valid Government ID (we don’t accept mobile phone bills, internet printed documents or the same documents for ID and proof of address.
Items must contain the same name and address on application and be current within the last 90 days.) We do this to ensure the safety and validity of your account.
We are not able to accept any documents that do not contain or confirm your full name and current residential address. It must also be dated within the last 90 days and must have been sent to your current residential address via the post as we are not able to accept internet statements.
We can only accept the following documents as proof of address:
It depends on how quickly you can provide us with the required supporting documents. You may start trading as soon as your account has been approved and funded. Once the documents and application have been submitted, we will contact you accordingly.
To request an additional account you need to complete an ‘Additional account application form’. Once completed, please sign and return it to our account Opening team by email to: firstname.lastname@example.org
Yes, it does.
This is left to the discretion of the client, we provide them all the tools and trade history for them to make an informed decision regarding their investment choices, but AMFX’s regulatory permissions prevents the firm from providing investment advice.
Yes, the AMFX mobile platform is compatible internet-enabled iPod and iPhone devices. You can simply download it from the APP store.
With our Micro account, the minimum required deposit is US$500.
To withdraw funds from your trading account, simply fill to the online withdraw form and submit it for approval.
Regardless of the funding method you choose, the name of the person transferring funds must always match the name of the client’s trading account at AMFX. We do not accept funds for any trading account from, or make any payment to a third party, in accordance with global Anti-Money Laundering legislation.
AMFX and AMFX Prime are trading names of SVS Securities Plc, a company registered in England and Wales with registration no. 04402606. Registered Office: 110 Fenchurch Street, London, EC3M 5JT. Authorised and regulated by the Financial Conduct Authority – 25 The North Colonnade, Canary Wharf, London, E14 5HS under registration number 220929. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.
As per the FSA’s Client Assets Sourcebook which governs their Client Money rules, AMFX deposits all funds received from Retail Clients in segregated banks accounts. Our clients’ accounts are therefore independent from those of the firm and thereby customers’ deposits are not classified as assets or liabilities of the company.
Trading forex on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in forex you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your investment and you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with forex trading and seek advice from an independent advisor if you have any doubts.
To view the risks involved in trading, kindly refer to our Risk Disclosure Statement.