The minimum trade size when trading currency pairs, is 0.01 lots or 1,000 units of the base currency in the currency pair. If you trade: Gold or Silver the minimum trade size is 0.01 lots.

According to the Contract Specifications, the maximum trade size is 50 lots or 5,000,000 units of the base currency in the currency pair, however, upon request the limit can be modified.

The forex market technically never closes, but retail traders can only trade the hours between Sunday at 5:00 pm ET and Friday at 5:00 pm ET.

The forex market opens on Sunday at 5:00 pm ET.

"Forex, short for ""foreign exchange,"" refers to the global decentralized market where currencies are traded. It is the largest and most liquid financial market in the world. Forex trading involves the exchange of one currency for another at an agreed-upon exchange rate. Key features of the Forex market include:
Currency Pairs: In Forex trading, currencies are quoted in pairs, such as EUR/USD (Euro/US Dollar) or USD/JPY (US Dollar/Japanese Yen). Each currency in the pair is represented by a three-letter code.
Bid and Ask Prices: The bid price is the price at which traders can sell a currency pair, while the ask price is the price at which they can buy. The difference between these two prices is known as the spread.
Leverage: Forex trading often involves the use of leverage, allowing traders to control a larger position size with a relatively small amount of capital. While leverage can amplify profits, it also increases the risk of significant losses.
24-Hour Market: The Forex market operates 24 hours a day, five days a week, due to the global nature of currency trading and the involvement of major financial centers around the world.
Market Participants: Participants in the Forex market include banks, financial institutions, corporations, governments, and individual traders. Central banks also play a significant role in influencing currency values through monetary policy.
Factors Influencing Exchange Rates: Various factors impact currency exchange rates, including economic indicators (such as GDP and employment data), interest rates, geopolitical events, and market sentiment. Traders engage in Forex to speculate on currency price movements, seeking to profit from fluctuations in exchange rates. It's essential for participants to have a good understanding of the market, risk management, and the factors influencing currency values."

"A CFD, or Contract for Difference, is like a trading deal between you and a broker. Here's the breakdown:
Agreement with the Broker: CFDs are contracts where you and your broker agree on the price of something, like a stock or commodity.
Taking a Position: Instead of buying the actual asset, you open a position based on whether you think its price will go up (buy) or down (sell). You're essentially betting on price movements.
Amount of Shares Matters: The deal involves specifying how much of the asset you want to trade, usually measured in shares. Profit or Loss Calculation: If the price moves in your favor, the broker pays you the difference between the opening and closing prices, multiplied by the number of shares. If it goes against you, you pay the broker the difference. No Actual Delivery: Importantly, with CFDs, you don't physically own the asset. It's a financial agreement, not a purchase."

When the margin level drops below CentFx's required margin level (shown as a percentage on the MetaTrader 5 platform), the stop out is triggered.

"A lot is a standard size of a transaction.
1 lot or a Standard lot = 100,000 units of the base currency in a currency pair.
If we take GBP/USD for example, 1 lot will be 100,000 units of GBP.
Other volume related terms:
# 0.1 lots or a Mini lot = 10,000 units.
# 0.01 lots or a Micro lot = 1,000 units."

Gaps are created after a period of inactivity in the market, for example, after the weekend when the market is closed, the market can then open on Sunday at a much higher, or at a much lower price than the closing Friday price.

When a client's trade is executed at the next best available price rather than the specified price, this is known as slippage. When there is significant market volatility—rapid price fluctuations—slippage results.

The smallest amount of money you need to start a trade or to keep a trade going. The rules for how much vary depending on what you're trading to maintain open position Is called margin.

Free Margin is like the money on the sidelines, not actively in play. When you decide to make a trade, the required amount, called Margin, gets taken from this Free Margin. It's the part of your funds that's available for new trades and opportunities.

The Margin level is an ratio that as a percentage: Equity/Margin.

A round trip transaction consists of opening and closing a specific trade.

"Hedging consists of opening two opposing positions of the same size, on the same trading symbol.
Please be aware that when you open the opposite position, you are not charged the necessary margin."

The smallest change in price is called a PIP (Percentage in Point). For instance, if the price of JPY/USD moves from 1.0231 to 1.0232, it has moved by 1 pip (10 points).

"A considerably smaller margin deposit can influence a lot bigger total contract value when trading leveraged financial products. Leverage allows you to minimize risk while simultaneously generating substantial rewards. For instance, if you select a 1:100 leverage ratio, you might execute a purchase or sell order for 100,000 worth of currency (1 Lot) with a 1,000 margin deposit. In the same way, you might trade with 500,000 (5 Lots) with a 5,000 deposit, and so forth. Higher leverage, however, magnifies the outcome of the position either way, thus without effective risk management, it can result in both bigger losses and very large returns. When deciding on a level of leverage, keep in mind that the risk you are taking on rises with the leverage. Although using less leverage may cost you more money in order to execute transactions on the market, it will also reduce your risk. When selecting your leverage, please take your experience and risk tolerance into serious consideration."

The spread is the difference between the Bid and the Ask price. CENTFX LTD offers variable spreads starting from 0 pips.

A Stop Loss Order is a trading order that is used to restrict a trader's possible losses on a position. It closes a position automatically when the market price hits a certain threshold, allowing traders to minimize their risk exposure and protect their money from catastrophic losses.

"A Take Profit (TP) order is a form of trading order that advises a broker to close a position once the market reaches a certain profit level. This order type allows traders to automatically lock in profits without having to constantly watch their open positions."

Pending order is an order to be performed at a later time at the price you indicate.

A VPS, also known as a Virtual Private Server.

No , This service is not available .