The foreign exchange market is the largest financial market in the world. Consistent transactions of currencies make the foreign exchange market the one with the most liquidity among all financial markets in the world.
The foreign exchange market is one of the fairest and most transparent financial markets in the world. There is a large number of participants in the foreign exchange market, of which the quantity of transactions is enormous. No country or bank can control the direction of a currency would go.
Major players in the foreign exchange market are central banks, commercial banks, investment banks, large multinational companies, fund managers, registered brokers, currency brokers and private investors
The foreign exchange market does not have a central location. Unlike the stock market and the futures market, forex trading does not take place at the exchange, but over the counter (OTC). There are no central exchanges or private investors between banks, governments, and hedge funds. The foreign exchange market is open 24/5.
The following are all Beijing time Wellington Forex Market, New Zealand: 04：00-12：00 (winter) 05：00-13：00 (summer) Sydney Forex Market, Australia: 06：00-14：00 (winter) 07：00-15：00 (summer) Tokyo Foreign Exchange Market: 08：00-15：30 Frankfurt Foreign Exchange Market: 15：30-23：00 London Foreign Exchange Market: 16：30-23：30 (summer) 17：00-00：30 (winter) New York Foreign Exchange Market: 21：30-03：00 (summer) 22：00-04：00(winter)
Relyenfx deposits client funds in a separate trust account with the world's AAA banks—Barclays Bank.
CFD is the abbreviation of Contract for Difference. CFD is a kind of financial derivatives. Investors can trade CFD and make profits based on the price trend of financial products.
The pip value is the price change of base currency against the quote currency that can occur upon trading of 1 lot.
For pairs where the USD is listed as the second currency in the currency pair Formula: pip=lot size * tick size E.g: In a standard contract of GBPUSD, the contract size is 100000 1 pip value = 100000（lot size）x 0.0001 (tick size) = $10 For pairs where the USD is listed as the first currency in the currency pair Formula: pip=lot size * tick size/current rate E.g: In a standard contract of USDJPY, the contract size is 100000 1 pip value = 100000（lot size）x 0.0001 (tick size) / 106.50（current rate）= $9.39 For the cross currency pairs where the USD is listed as neither the base currency not quote currency Formula: pip=lot size * tick size*base quote/current rate E.g: In a standard contract of EURGBP, the contract size is 100000, and the exchange rate of EURUSD is 1.1094 1 pip value = 100000（lot size）x 0.0001 (tick size)*1.1094(exchange rate of EURUSD) / 0.9117（exchange rate of EURGBD）= $12.17
Spread is the difference between the bid and ask price. If you are placing a buy order, you will trade at the ask price; if you are placing a sell order, you will trade at the bid price.
Leverage allows investors to get more potential profits (as well as risks).
Margin is the amount required to open a position in your account. Margin is calculated based on the current price of the base currency against the US dollar, the size of the position (volume) and the leverage applied to your trading account. If you do not have enough funds available, you will not be able to open a position on trading platform. If you wish to open an additional position, the available margin amount shown on the trading platform is the amount you can use.
Margin is calculated in the following formula: Margin = price *lot size*contract size/leverage For example, The current price of the euro against the US dollar is 1.10958, which means it costs you $1.10958 to buy 1 Euro, or you can sell 1 Euro for $1.10958. If you buy 100000 Euros for $110,958 (1 lot), with the leverage of 100 you will need to provide an amount of $1109.58 deposit as margin.
In a currency pair the base currency is listed as the first currency. E.g.: EURUSD, the EUR is the base currency.
Equity=Balance + Profit/Loss Margin=The total amount of money that has been locked up to keep the trader’s positions, often is referred to as used margin Free Margin=Equity - Margin
There is no difference between a demo account and a live account, they are completely the same, except that you use real money to trade in the live account. Thus, you need to understand the risks involved.
Relyenfx provides a wide range of online education.
If you want to start your trading trip in Relyenfx, you need to download the software MetaTrader 4 (called MT4).
Relyenfx can provide two type of accounts: ECN account and Standard account.
We can provide a large number of capital market products. The one thing you need to do is open a live account to create a diversified portfolio.
Relyenfx allows customers to open accounts as low as $200.
To confirm the account leverage, you can log in your MT4 software and click “account”, then hover your mouse over your account. The current window will show your current leverage and base currency.
You can submit a leverage change request through the customer relationship management system.
Yes you can. Relyenfx allows you to open multiple trading accounts.
Opening time: 00:01 MetaTrader 4 server time (Monday) Closing time: 23:57 MetaTrader 4 server time (Friday) Please note that the timing of some tools may variable and the trading hours for all products can be found in our product specifications.
The trading hours for gold and silver (XAUUSE and XAGUSD): ? Opening time: 01:00 MetaTrader 4 server time ? Closing time: 23:57 MetaTrader 4 server time
You can log in or register on the official website and complete the following steps as required. Once your online application is approved by our customer service team, the system will send you a Customer Relationship Management System (CRM) account and password by email.
You can log in or register on the official website and complete the following steps as required, then register successfully.
You will need to provide proof of identity (required) and proof of address (not required). The identity certificate includes the front and back of the ID card or the passport (the national emblem and the avatar page); the proof of address includes the account book (the page of the person and the homepage), the bill of water, electricity, gas, credit card within 3 months, the name of the household must be my own , driver's license (first, secondary page).
The demo account is valid for 30 days.
We completely allow for hedging and scalping strategies. Our spreads and trading conditions are the first choice for traders and scalper traders around the world.
To place an order on the Relyenfx MT4 platform, you first need to select the product to be traded. Then select the size of the transaction. Finally click on "Buy" (or "Sell") and confirm.
Relyenfx does not pay any account balance interest.
Relyenfx customers can use the lock function.
You cannot trade when the market is closed. You can only trade (open, close, execute and modify orders) when the market opens.
Thus when it is held from Wednesday to Thursday, the settlement date is actually next Monday. Monday: one day overnight interest. Trading on Monday, holding positions from Monday to Tuesday, settlement date is Wednesday to Thursday, so pay / charge one day interest. Tuesday: one day overnight interest. Trading on Tuesday, holding positions from Tuesday to Wednesday, settlement date is Thursday to Friday, so pay / charge one day interest. Wednesday: three days overnight interest Trading on Wednesday, holding positions from Wednesday to Thursday, the settlement date is Friday to next Monday, so pay / charge three days interest. Thursday: one day overnight interest. Trading on Thursday, holding positions from Thursday to Friday, the settlement date is next Monday to next Tuesday, so pay / charge 1 day interest. Friday: one day overnight interest. Trading on Friday, holding positions from Friday to next Monday, settlement date is next Tuesday to Wednesday, so only pay / charge 1 day interest.
Relyenfx supports Micro volume trading. The number of mini lots in MetaTrader 4 is expressed as 0.01, which is equivalent to 1000 basic currency units.
The maximum number of Relyenfx support gold (XAUUSD) single transaction is 200 standard lots.
MetaTrader 4 allows you to set pending orders. Pending orders are stored on the trading server and executed when the condition settings are met.
MetaTrader 4 allows you to set a trailing stop loss order in the trading terminal.
The Relyenfx Margin level or blow up ratio is 50%. This means that if your available margin is less than 50%, your position will be automatically closed. MetaTrader 4 will automatically close to the minimum in the largest loose position order. The calculation formula is as follows: margin level or blow up ratio = equity / margin * 100%.
Generally received "invalid account", may be caused by the following circumstances, please check your account details and try again. 1. The username or password is incorrect. 2. The server address is incorrect.
You can get an account statement from the MetaTrader 4 to select History option.
First you need to register a live account to have a customer relationship management system (CRM). After the registration is successful, your registered email address will be received by the customer relationship management system account and password. You can log in your account through the homepage.
Log in to the Customer Relationship Management System (CRM), click on the top page of the web page "Change Password" → enter "Old Password" → enter "New Password" → enter "Confirm New Password" and click the "Save" button.
In the MetaTrader 4, select the "Tools" tab → select "Options" → in the "Server" tab, click on "Change" → select "Change Master Password" → enter "old password" (here the old password must be the primary password) ) → enter "New Password" → enter "change" → click 'OK' to complete the modification process. Ps: Please make sure your trading account master password is different from your read-only password.
"Modify" → select "Change read-only password (for investors)" → enter "old password" (here the old password must be the main password) → enter "new password" → enter "re-confirm" → click 'OK' to complete Modify the process. Ps: Please make sure your read-only password is different from your trading account master password.
First you need to check if the network connection is working. If there is no problem with the network connection, please contact Relyenfx customer service by sending an email to Support@ecmarkets.com or by calling our international contact number: 0064 99300 621.
We recommend that you use the latest version of Microsoft browser, or Google Chrome, Firefox and other browsers.
"Transaction is busy" is a common mistake in MT4, mainly because MT4 cannot handle multiple processes at the same time. So please restart your MT4 to solve this problem.
“slippage” is a term that refers to the difference between a trade’s expected price and the actual price at which the trade is executed. It is a phenomenon that occurs when market orders are placed during periods of elevated volatility, as well as when large orders are placed at a time when there is insufficient buying interest in an asset to maintain the expected trade price. For example, a market gap may be reopening after the end of the weekend, or after a major news event (such as employment data or interest rate resolutions). It is a general consensus that slippage occurs occasionally in all markets. Under the fair mechanism of ECN matching transactions, when an investor presets a stop-loss order, a stop-loss order or a pending order, if the market price reaches the trigger price set by the investor. The take profit order, stop loss order or pending order will become the market order and will be traded at the best market price that can be performed at that time. Therefore, slippage may result in greater gains, or greater losses, and the probability of return and risk is equal. In addition, we recommend that customers avoid or reduce the risk exposure of positions held on weekends or market closings or any political events or major news releases, and that this type of gap is likely to occur frequently.
Log into customer relationship management system (CRM), click the navigation bar "finance" → "wallet" → "confirm the entered US dollar amount" (the platform gives the RMB exchange rate according to the real-time exchange rate, the minimum is 200 US dollars, and the payer must be the account holder himself).
According to the bank settlement system, before 17:00 on weekdays, deposit would be received within 2 hours; after 17:00 on weekdays and weekends and holidays, it might be slightly delayed.
Log into customer relationship management system (CRM), click "finance" → "fund inwards" → "transfer out" to select "wallet" → "transfer in" to select "transaction account" → enter "amount" → click "confirm transfer".
Log in customer relationship management system (CRM), click "finance" → "the wallet withdrawal" in the upper right navigation bar of the web page, input the amount to be withdrawn, corresponding bank information, mobile phone number verification code, and upload the front photo of the bank card.
The withdrawal application before 08:00 Beijing time on week days will be processed within the same day; after 08:00, in next trading day.
There is no service fee for withdrawal or top up.
The minimum top up amount is $200.
Top up is in USD.
At present, you can top up with your debit card, with a minimum payment of $200.00 USD and a single maximum payment of $6800.00.
There is no limit for withdrawal.
The withdrawal is in US dollars.
Your withdrawal will be deposited into the debit card you provide when you open the account with us.
You need to transfer the funds to the wallet first, and then transfer from wallet to your destination account. All internal transfer are in real-time.
No, there is no service fee for internal transfer.
