About us > Why FOREXer?
A financial brokerage firm, founded in 2004, being in this market for a decade assures the reliability and transparency of the business of this firm.
Offers strategies and solutions in order to decrease losses and trading risks, in other words a broker who cares about the safety of your investment.
With the FOREXer P.R.O.F.I.T account program, Forex trading turns to a great job opportunity.
Provides unique trading Strategies to identify the trend of majors (ZZ+)
Various plans for Managed Accounts
Brings you the popular Metatrader Trading platform as FOREXer 4 and FOREXer5
Have questions about FOREXer or our services? Try our frequently asked questions or contact us for more information.
Question 1: What does FOREXer mean?
FOREXer means Forex Trader, just like a reporter which means someone who reports or a journalist.
Question 2: When was FOREXer founded?
FOREXer was initially established in Wilmington, State of Delaware, USA in 2004 with the title of NTWO Capital Markets. The company established a number of offices around the globe. An office in Zurich, Switzerland and then the offices in Dubai and New Zealand were founded one after another.
Question 3: What is the difference between the products of FOREXer USA and FOREXer NZ?
FOREXer New Zealand allows Forex (Foreign currency) trading only, but FOREXer USA provides foreign currencies (Forex), precious metals, energy and agricultural products for trading.
Question 4: Who is the owner of these companies?
Global Eternity Limited is the 100% shareholder of these companies, with the same management. Global Eternity Limited is a holding company. FOREXer companies in Dubai and in Switzerland have similar ownership structure.
Question 5: Do the account opening contracts differ for each company?
Yes. These two companies have two different legal contracts. Each contract is according to the prevailing financial rules and regulations of the country they are incorporated in.
Question 6: What is the role of FOREXer Rep Office in Dubai?
FOREXer Representative Office in Dubai provides services to the Central Office and Clients, such as marketing, facilitating easy account opening process, customer support and tutoring. The Representative Office has been active in Dubai from the past 10 years and because of its great services, it has a good reputation and clean record . FOREXer Rep office has no legal responsibility towards Clients’ trades or any back office activity. The Clients’ enter agreements and deposit funds to their accounts directly through the Central offices.
Question 7: is the minimum amount required for opening an account in FOREXer?
The minimum amount required to open a Limited Real Account is USD 200, for real account USD 2,000 and for P.R.O.F.I.T account is USD 10,000.
Question 8: What is a FOREXer Limited real account?
Limited real account, is specially designed to train traders by trading in real environment with real money and limited risk. This account is good for new traders to experience and learn this market with a minimal deposit of USD 200 or EUR 200 only. The account holder can choose leverage up to 1:500 and cannot hold more than USD 2,000 in this account, thus the risk is limited up to this extent.
Question 9: What is FOREXer P.R.O.F.I.T account?
FOREXer P.R.O.F.I.T account is an account with predefined rules, in order to decrease the risks of traders in trading foreign currencies, precious metals, energy and commodities with a leverage of 10:1 (more…).
Question 10: What is a FOREXer Managed account?
This program is suitable for investors who are interested in International Currency Markets (Forex). FOREXer, with its 10 years of experience, has succeeded to design and launch a unique trading program for Managing accounts (more…).
Question 11: If a customer wants to complain about trades or any subject, what instructions he/she should follow?
Complaints against FOREXer USA must be reported to the Dubai office via https://www.forexer1.com The complaints will then be investigated by the auditors and compliance officers.
Question 12: What is the minimum volume which can be traded in FOREXer?
The minimum volume is 0.01 lot for currency pairs and 0.1 lot for trading other products (gold, silver, oil, gas).
Question 13: Does FOREXer allow scalping?
A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a short period of time in the belief that small moves in price are easier to catch than large ones. Usually, this form of trading ends up with huge losses, therefore, FOREXer recommends traders not to do so. However, scalping is allowed in FOREXer5.
Qusetion 14: How does FOREXer deal with banks and liquidity providers?
FOREXer deals with banks and liquidity providers in the form of STP. STP, Straight through Process means that your Buy and Sell orders of a currency or product is settled immediately with a bank or a liquidity provider as soon as it is accepted by the central servers of FOREXer. Spreads are the income of FOREXer (the difference between buying and selling).
Question 15: What are the work timings of FOREXer?
Opens at 21:00 GMT on Sunday and closes at 21:00 GMT on Friday. The Customer Support works 24 hours a day, five days a week.
Question 16: In FOREXer, are the spreads fixed or floating?
Since the trades are STP, all orders are sent to banks or liquidity providers, therefore, FOREXer has to offer floating spreads same as the banks and liquidity providers do.
Question 17: Is FOREXer and N2trader5 the same?
Question 18: what is the difference between a real account and P.R.O.F.I.T?
In self-employment program, a few limitations are implemented in order to control risks and losses. For example, you can only deal on one selected pair of currency. If you make loss, you cannot trade until 00:00 GMT (until the time of deposit to the trading account reaches). Only a part of your money is available for trade in trading account and the main part of it is kept in the saving account for future trades.
Question 19: Is it possible to trade American stock in FOREXer?
Currently, it is only possible to trade Currency pairs, precious metals (gold and silver), energy (oil and gas) and agricultural products.
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