Faq’s

The goal of a successful trader is to make the best trades

  • 01

    How do I open an account with monzaeefx.com?

    You can apply for an account with monzaeefx.com online.

    You can apply for an account with monzaeefx.com online.

  • 02

    What information do I need when opening an account?

    You will be asked to provide information such as your name, address, date of birth, and tax ID number to help us verify your identity.

    We will attempt to verify your identity instantly, but if we cannot, we will reach out to you to request further supporting information or documentation. For more information, see our Account Documents FAQs.

  • 03

    How much money do I need to open an account?

    The minimum initial deposit required is at least 100 of your selected base currency.

    However, we recommend you deposit at least 1,000 to allow you more flexibility and better risk management when trading your account.

  • 04

    I forgot my username or password. How can I retrieve them?

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

    If you forgot your password, please click here here and fill in your username and email. You’ll then receive an email with a link to reset your password.

  • 01

    What is forex?

    Forex, also known as foreign exchange or currency trading, is the buying of one currency by simultaneously selling another.

    Forex traders attempt to profit by speculating on the direction the currency exchange rates will go in the future.

  • 02

    When is the forex market open for trading?

    You can trade forex at FOREX.com 24 hours a day, five days a week.

    You can trade forex at FOREX.com 24 hours a day, five days a week. For details, read our Forex Trading Times article.

  • 03

    What forex markets are available to trade at monzaeefx.com?

    You can trade 80+ currency pairs at FOREX.com.

    You can trade 80+ currency pairs at FOREX.com.

  • 04

    Are there any data/exchange fees associated with forex trading?

    FOREX.com does not charge data or exchange fees on forex trades. We are compensated via the spread, which is the difference between the bid and ask.

    However, you may incur a rollover charge if you hold your positions overnight.

  • 01

    How are orders executed?

    Orders are executed at the best available price at the time the order is received.

    Foreign exchange, gold, and silver price quotes are derived from prices provided to us by selected top-tier global banks in the wholesale foreign exchange, gold and silver markets.

  • 02

    What is margin?

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

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

  • 03

    What is 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.

  • 04

    What are step margin levels?

    The larger the trade size, the higher the risk level associated with the trade. Therefore, we may increase our margin requirements for larger size trades or any additional trades in that instrument.

    To do this, monzaeefx.com increases the size of the margin requirement at specific quantity levels, known as step margin levels. You can view a market’s step margin levels in its Market Information Sheet within the FOREX.com desktop platform.

  • 01

    How can I start trading Forex?

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  • 02

    How much money do I need to start?

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  • 03

    What is margin?

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  • 04

    Can I lose more than I invest in Forex?

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  • 01

    Can I lose more than I invest in Forex?

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  • 02

    What is margin?

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  • 03

    How much money do I need to start?

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  • 04

    How can I start trading Forex?

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  • 01

    How can I start trading Forex?

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  • 02

    How much money do I need to start?

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  • 03

    What is margin?

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  • 04

    Can I lose more than I invest in Forex?

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