Forex is an abbreviation for Foreign Exchange and refers to foreign exchange trading.
The Forex market, which trades more than $5 trillion per day around the world, is the largest international financial market and involves buying and selling the currencies of two countries through foreign exchange trading, where investors profit by taking advantage of exchange rate differences.
It is the world's largest financial market, about 100 times the size of the global stock market, and central banks, commercial banks, institutional investors and financial institutions, companies and individuals from each country participate in the market, trading 5 days a week excluding weekends and public holidays. Trading takes place 24 hours a day.
With currency pair trading, the base currency and the counterpart currency are traded as a pair..
Buying is buying the base currency / selling the counter currency
Selling is selling the base currency / buying the counter currency
For example, EUR/USD = EUR (base)/USD (relative)
Buying is EUR (buy) / USD (selling)
Selling is EUR (selling) / USD (buying)
When buying or selling a currency pair, transactions are made based on the base currency.
When traveling to a foreign country, any act of exchanging currency, such as exchanging your own currency for the currency of the country you are traveling to, is called foreign exchange transaction.
CRXCOMPANY LLC enforces stringent security procedures and systems to provide you a safe and secure operating environment.
The collection of personal information (name, address, phone number and email) is only required when you submit a request via one of our online application forms.
This information is needed in order for us to be able to communicate with you, and, as required by law, to identify who you are.
CRXCOMPANY LLC does not sell, lease, license or disclose personal information to third party affiliates or non-affiliates, except for the reasons described below: Occasionally, in order to provide you with information on products and services you have requested, or to offer you an opportunity to participate in the products and services our reputable affiliates offer, we may share your information with them.
CRXCOMPANY LLC also reserves the right to disclose personal information to non-affiliated third parties for regulatory or reporting purposes as required by law, to protect our rights or property.
If you have any questions not covered in our Privacy Policy, please contact us or request a call back.
Nothing contained on this website constitutes a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.
Not all products will be available to all investors.
The products or services of CRXCOMPANY LLC are only offered to clients in those countries and regions with applicable laws and regulations.
The products and services referred to on this website may not be available or eligible to residents of certain countries or certain categories of investors.
FX and CFD trading may be subject to restrictions in different countries.
The information contained herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
This website is not intended for use by any person in any jurisdiction where the publication or availability of our services is prohibited, by reason of that person’s nationality, residence or otherwise.
Persons under these restrictions must not use this website.
Some services may not be available to certain investors due to regulatory or other constraints.
You should take appropriate advice from a suitably qualified professional adviser in the country in which you reside or do business in order to find out if any restrictions are applicable.
You are advised that most services are only available following completion of the CRXCOMPANY contractual documentation.
CRXCOMPANY’s website is translated into various languages for the added convenience of the client.
In the event of conflict between the original English website content and any translation of the website into other languages, or any other translated communication by CRXCOMPANY LLC, the English version shall take precedence.
Trading Forex on margin carries a high degree of risk.
Please ensure you understand these risks before trading.
We also invite you to read our educational materials.
Investment and trading in Forex and CFDs involves a high degree of risk to your money.
Before investing in the Forex and/or CFD market, you should be aware of the risks involved due to the fluctuation in the value of such commodities’ prices, which can cause fluctuations in the value of your investment.
Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risks.
FX and CFD trading may give rise to large losses within a relatively short period of time that may be attributed to adverse market movements or to position build-up.
Before deciding to enter into FX and/or CFD trading, you should carefully consider your investment objectives, level of experience, and risk appetite.
FX and CFD trading are not suitable for everyone.
You should only invest in FX and/or CFD trading the portion of your own assets you are disposed to lose entirely.
In this respect, only your surplus funds should be placed at risk and anyone who does not have such surplus should imperatively avoid engaging in FX and/or CFD trading.
In particular, you should not engage money you cannot afford to lose.
You should immediately contact any independent financial advisor and request any necessary information in case of doubts on the risks related to FX and CFD trading.
CFDs are an agreement between the Client and the Bank, that at the close of the contract they will settle the difference between the opening price of a position in either shares or indices or commodities and its closing price.
The amount of any profit or loss made on a CFD will be equal to the difference between the price of the underlying value of the index when the CFD is opened and the price of the underlying value of the index when the CFD is closed multiplied by the number of index or commodity CFDs.
Being long CFD means buying the CFDs on the market with a view to selling them at a higher price, and making a margin deposit.
In this situation the Client will be identified as the party who has purchased the indices or the commodities (i.e. the long party) and the Bank will be identified as the short party.
Where the Client is the long party, the Client will generally make a profit if the price of the underlying index or commodity rises whilst your CFD position is open.
Conversely, the Client will generally make a loss if the price of the underlying index or commodity falls whilst the Client’s CFD position is open.
The Client may lose up to the total value of the underlying at the moment of the purchase multiplied by the number of index CFDs.
The Client’s potential losses can therefore exceed the total value of the Client’s initial margin (and any additional margin funds) the Client has deposited with the Bank, and that the Bank may be obliged to close the Client’s positions at the worst possible time.
Being short CFD means the Client is selling the CFDs on the market with a view to repurchasing them at a lower price, and making a margin deposit.
In this situation, the Client will be identified as the party who has sold the shares or the indices (i.e. the short party) and the Bank will be identified as the long party.
Where the Client is the short party, the Client will generally make a profit if the price of the underlying index or commodity falls whilst the Client’s CFD position is open
Conversely, the Client will generally make a loss if the price of the underlying index or commodity rises whilst the Client’s CFD position is open. Theoretically, there is no limit to how far the market value of the underlying can rise.
Hence, the Client’s potential losses are similarly unlimited.
As a result of existing market conditions, the Client may not be able to sell a CFD even if such CFD is usually offered by the Bank, or, when the Client has already sold a CFD, the Bank may compel the Client to close his position.
Recommendations Before getting started, we recommend you read through all the topics presented on our website to gain a better insight into Forex and CFD trading.
It is critical that you fully understand our trading conditions in order to minimize risk before investing in this market.
We also recommend that all new and/or inexperienced traders launch our 30-day Demo Account to practice trading before going live.
Opinions, research and analysis reports and other documents dealing with market speculation produced by CRXCOMPANY LLC are intended to support the trading experience.
They are not considered to be precise or conclusive, nor can they act as a guarantee against the reduction of risk associated when trading in FX.
Individuals choosing to act on this information do so at their own risk. CRXCOMPANY LLC reserves the right to increase spreads or margin requirements, and to take steps to impose procedures or restrictions that it – in its sole discretion – sees fit at any time.
Technical risks although rare, internet-based trading can involve technical risks related, but not limited to, Internet connection, software or hardware failures or delays.
CRXCOMPANY LLC implements a backup system to minimize such occurrences, but is not responsible for any losses or missed trading opportunities as a result of communication failures, disruptions or unexpected system failures.
