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What are the 8 major currencies of the world?

The 8 major currencies include the US Dollar (USD), the Great Britain Pound (GBP), the Euro (EUR), the Japanese Yen (JPY), the Swiss Franc (CHF), the Canadian Dollar (CAD), the Australian Dollar (AUD), and the New Zealand Dollar (NZD).

Can the forex market crash?

No, the Forex market as a whole can not crash like the stock market, unless one day currency ceases to exist. This is because each currency moves independently against one another. A good analogy would be that currency pairs are like elevators. Let’s say we’re looking at the Euro against the US Dollar. If the EUR elevator is going down relative to the USD elevator, then the USD is going up (against the EUR). So while a European may think that the EUR crashed that day, an American may think the USD soared that day. It is all relative to the currency they are trading against.

What is Forex and forex trading

Forex, FX, and Foreign exchange trading refer to the trading of foreign currency from one country’s currency to another in the Forex market.

What information do I need when opening an account?

We will need you to provide us with your name, address and tax ID number to establish your identity. Typically, we can verify your identity instantly. For more information, see our Account Documents FAQs.

Can someone else trade on my account?

Core Trade Fx ’s policies prevent any person other than the account holder(s) from accessing or trading an account unless the trader has been reviewed and approved as a Money Manager. To obtain additional information about our Money Manager program please contact our Global Institutional Sales Team.

How will my withdrawal be processed?

Deposited funds must be returned to the originating source. If you have deposited funds using multiple methods, you must exhaust the total deposit amounts based in the following order: Bank Transfer Debit Card Wire Excess funds may be withdrawn via bank transfer or wire. In the event you add a new bank account to withdraw excess funds, Core Trade Fx will require evidence of the account by uploading a bank statement.

Where can I find the status of my deposit/withdrawal/internal transfer?

You can find full details on your transactions in Core Trade Fx dashboard by following the steps below. Go to ‘Transaction History’. Find the relevant transaction. Click on the transaction ID number.

What deposit/withdrawal methods do you offer?

Core Trade Fx offers a variety of payment methods including credit and debit cards, e-Wallets, crypto, Bank Wire transfers and local payment solutions. We don’t accept cash deposits.

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