GlobalFX.pl

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Below are some of the most frequently asked questions from GlobalFX.pl. If your question is not in the list below, please contact us.

About GlobalFX.pl

What are your commissions and fees?

GlobalFX.pl does not charge commissions. Prices quoted are inclusive of our normal dealing spreads, which are Interbank dealing spreads or less on all major currencies, including US Dollar, British Pound (Sterling), Japanese Yen, Euro, Swiss Franc, Canadian Dollar, and Australian Dollar. GlobalFX.pl is compensated for its services through the bid/ask spread.

What are your trading hours?

GlobalFX.pl traders are available 24 hours daily from 5:00pm EST Sundays through 5:00pm EST on Fridays, including most U.S. Holidays.

Can I place a trade via e-mail?

No. We do not accept trades via email. You may place a trade online or by calling 1.877.367.3946) or 001.908.731.0750 (Int'l)

Account Information

How do I open an account with GlobalFX.pl ?

Opening an account is easy. Simply complete the following three steps.

1. Complete Application

You can apply online or download the necessary forms from our website.

2. Provide Photo ID

The appropriate photo identification in order for us to verify your personal information.

U.S. Residents: One (1) form of photo ID, i.e. a driver's license or other government-issued document that bears a photograph AND provides proof of residence as represented on this application Non U.S. Residents: Two (2) forms of identification, including one (1) photo ID and one (1) proof of address as represented on this application (i.e. utility bill, drivers license, bank statement, etc.)

Non US Residents must also complete a W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding Form.

New account paperwork may be faxed, emailed or mailed.

Faks: +48 (022) 630 28 41
E-mail: newaccounts@globalfx.pl
Adres: Al. Jerozolimskie /J. Pawła II, pawilon 38 WPP (Warsaw underground passages), 00-024 Warszawa

3. Fund Your Account

Once your account is open, there are three convenient ways to fund your new trading account:

Credit and Debit Card
Wire Transfer
Personal or Business Check

How much money do I need to open an account?

The minimum deposit to open a standard account with GLOBALFX.pl is US$2,500. GlobalFX.pl's minimum transaction size for a standard account is US$100,000 (or the equivalent), with a minimum margin deposit of $2,500 (at 100:1 leverage).

The minimum deposit to open a mini account with GLOBALFX.pl is US$250. GlobalFX.pl's minimum transaction size for a mini account is US$10,000 (or the equivalent), with a minimum margin deposit of $250 (at 100:1 leverage).

Forex Market

What is Foreign Exchange?

The Foreign Exchange market, also referred to as the "Forex" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.9 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.

Is Forex trading expensive?

No. GlobalFX.pl requires a minimum deposit of $250. GLOBALFX.pl allows customers to execute margin trades at 100:1 leverage. This means that investors can execute trades of $10,000 with an initial margin requirement of $100. However, it is important to remember that while this type of leverage allows investors to maximize their profit potential, the potential for loss is equally great. A more pragmatic margin trade for someone new to the FX markets would be 20:1 but ultimately depends on the investor's appetite for risk.