Forex FAQ'sFrequently Asked Questions

Get answers to the most commonly asked questions surrounding foreign currencies, forex markets, and trading strategies.

You can open an account online via the below link given:   Open An Account

If you forgot your username, please contact us for assistance.

You can download the MetaTrader platform from the link given below:

We will need you to provide us with your name and address to establish your identity. Typically, we can verify your identity instantly.

Firstly, you need to send us an mail to support team in that mail you need to say that how much money you want to withdraw from which account and by which mode i.e. Angadia, Bank Transfer or Net Banking.

You can open an account online via the below link given:   Open An Account

You will need your email ID and any address proof i.e. PAN Card, Aadhar Card or License etc.

The minimum initial deposit required is at $10 and it depends on your type of trading. However, we recommend you deposit at least 2,500 to allow you more flexibility and better risk management when trading your account.

We will email you as soon as your application has been approved.

Acceptable documents for identity verification include but are not limited to:

Valid, current passports (national or international)

Valid, current driver's license etc.

Proof of residence must show your name and address as indicated on the application.

Yes, if your proof of identification document has your address on it, it can usually be used for both address and identity verification.

You can email us your documentation at below given email address.

Email: [email protected]

The primary difference between a demo account and a live trading account is that there is no capital at risk when trading in a demo account.

Demo/practice account is a core element of our educational effort. A practice account is intended to familiarize you with the tools and features of trading platforms and to facilitate the testing of forex trading strategies in a risk-free environment using virtual funds.

Results achieved on the practice account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the practice account. Conditions in the practice account cannot always reasonably reflect all of the market conditions that may affect pricing, execution and margin requirements in a live trading environment. Margin and leverage settings by product and account may vary from time to time between your practice account and a live account due to live account settings changes imposed by resulting from market volatility and other factors. The pricing available in the demo environment is the same pricing available to account holders. Pricing for managed accounts and accounts referred by an Introducing Broker may differ.

There is no validity for demo accounts in our company.

No, you can only open one demo account of each type (i.e. www.sharonfx platforms or MetaTrader) per email address

If you forgot your username, please contact us for assistance at [email protected]

Please click here and use Password Assistance to reset your password. You will then be asked to change it.

If you forgot your username, please contact us for assistance at [email protected]

When a price for a market is quoted, you will actually see two prices. The first price, known as the bid, is the sell price and the second price is the buy price, known as the offer. The difference between the sell and buy price is called the spread

sharonFX offers both fixed and variable spreads, depending on the market you wish to trade.

Fixed spreads don’t change according to market conditions such as volatility or liquidity. Depending on the market, fixed spreads may either be offered for a defined period of the day, or throughout trading hours.

Variable spreads may fluctuate throughout the day according to different factors such as underlying liquidity or market volatility. With variable spreads, will quote you the minimum spread it could be, plus an average spread for a defined historical period of time.

Margin is equity from your account set aside by to maintain a position when you’re trading on leverage.

Leverage is the ability to control a large position with a small amount of capital. It is usually denoted by a ratio. For example, if your account has a leverage of 200:1, that means you can trade a position of $50,000 with only $250.Please note that increased leverage increases risk.

The Margin Level is the percentage (%) value based on the amount of Equity versus Used Margin.

Margin Level allows you to know how much of your funds are available for new trades.

The higher the Margin Level, the more Free Margin you have available to trade.

The lower the Margin Level, the less Free Margin available to trade, which could result in a Margin Call or a Stop Out

The Margin Call Level is when the Margin Level has reached a specific level or threshold. When this threshold is reached, you are in danger of the POSSIBILITY of having some or all of your positions forcibly closed (or “liquidated“).

A Margin Call is when your broker notifies you that your Margin Level has fallen below the required minimum level (the “Margin Call Level”).

This notification used to be an actual phone call, but nowadays, it’s usually an email or text message.

Click here to download the Windows desktop application.

You can download the MetaTrader platform from the link given below:

Both deposits and withdrawals cost $20 for a dollar account or ¥2000 for a yen account.

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