FREQUENTLY ASKED QUESTIONS

What is Forex ?

Forex is an exchange market formed in early 1970s as a result of the replacement of the currency policy fixed in world trade by a changed currency policy. Henceforth, the principle of agreement between buyer and seller has become to serve as a basis of mutual exchange of separate currencies.

What is Forex ?

Unlike traditional financial markets, Forex does not require a special trading area as in the sale of stocks and currency futures. Trading transactions in Forex market are made via computer terminals and mobile phone devices. Trading sessions have a time limit in futures and stock markets, while Forex market is open for trading for 24 hours throughout.

Does Forex market work under same procedures as the share market?

No. If it is possible to earn only from rises in prices in share market, it is possible to earn from both rises and drops in prices in Forex market.

How to start?

Open a trading account and start trading with virtual funds. Try yourselves in prize contests.

How to learn?

You may use the rich library provided in our website You may also sign up for trainings by contacting us via email and registering in Training section.

Do you hold Forex traders’contest?

FB FX arranges traders’ prize contests on a regular basis. For detailed information, please see section “Contest” in our website.

How to contact Support service?

You can send an email to info@fortressbank.com , where you should mandatorily specify your “Meta Trader” login, or contact us through online chat.

What days are available for making trading transactions?

Except for Saturday and Sunday you may incessantly make trading transactions for the rest 5 days a week.

How many transactions at least should be made within a month?

No restriction to the number of transactions.

Is there any fee charged for the remittance of funds?

No restriction to the number of transactions.

If I deposit funds in national currency, how will the deposit be calculated?

The funds received in national currency or any currency other than US dollars will be converted into deposit currency (US dollars) at FBFX rates for that day and transferred into your balance.

QUESTIONS ON ACCOUNTS

How is profit derived in Forex ?

Here the principle of trading is simple: buying a currency pair for cheaper price and selling for more expensive one, or vice versa, selling for expensive and buying for cheaper price. Continuous changes in currency quotations make favourable conditions for profit. There are lots of huge buyers of this or another currency that can regularly convert one currency into another in their business activity irrespective of quotation difference. For instance, state authorities, huge trade companies and financial institutions may be such buyers. Currency quotations constantly fluctuate that allows traders to produce profit from such fluctuation.

Which currency is traded in Forex market most of all ?

Most of all liquid currencies are traded which belong to developed countries with stable political systems, strong economy and less inflation. Today 85% of trade in currencies is shared by US dollar (USD), Japan yen (JPY), Euro (EUR), British pound (GBP) and Swiss franc (CHF). The most traded currency pair is EURO-USD.

Are the quotations same in training and real accounts?

Yes, they are same in FB FX.

What is the minimum amount required for opening a real account?

For individuals – $300, for legal entities –1000$.

What is margin?

Margin is a guarantee amount for being safeguarded from trading losses. Margin requirement allows you to maintain in force your trading positions that are several times more than the balance available in your account.

How is the margin calculated for a trading position?

Suppose that the Bank’s leverage for EUR-USD currency pair is the ratio 1:500 or 0.2. Current quotation of EUR-USD is 1.4320.
The margin for 1 lot (100000) trading position will be calculated as following:
Margin =1.4320*100000*0.2/100=286.4$

How does “Margin Call” work?

If the real balance in your account gets less than the FB FX-set limit, then "Margin Call" starts up and it becomes necessary to attract extra funds. The "Margin Call" requirement set by FB FX is 50%. For customers with deposits over $10.000 this limit may be reduced to 2%.

How to mitigate risks?

Stop loss order" is the most valuable instrument to mitigate risks. In order to minimize loss "Stop loss order" functions to automatically close open position when the quotation comes up to the limit deemed as risky.

Do you have a mini-account?

Yes. We provide similar favourable conditions and opportunities for all customers to make transactions with mini (0,1) as well as micro (0,01) lots.

How to open a real account?

You can open a Real account from our website.

Are there any further charges?

You will have no further charges FB FX. You may download trading platform that contains flows of live news absolutely free of charge.

How can I withdraw funds from my trading account?

You should fill in a form provided in “Account Opening” “Request for Withdrawal of Funds from Real Account” section in our website and send by email to info@fortressbank.com. Upon review of your request by a competent financial authority your funds will be remitted to your current bank account within a short period of time.

What is the price for one “pips” in Forex market?

Please see section “Trading” subtitle “Quotations” in our website for detailed information on price per “pip”, guarantee amounts, etc.

What is the size of levarage?

Please see section “Account Opening” subtitle “Types of Accounts” in our website for detailed information.

Can I work with less leverage, let’s say with 1:33 instead of 1:100?

We provide leverage from 1:500 (maximum limit) down to the limit of 1:25 subject to the account type and customer’s request. For this you will only need to contact our FB FX officer after you open an account.