PRACTICAL STEPS: CURRENCY EXCHANGE MARKET

WHAT DO YOU NEED TO DO BEFORE  PASSING TO FACTUAL TRADING?

Since Foreign Exchange in India is newly developing, Indian traders often face real problems on their way to open an account and to start trading. The main reason lies in the lack of information. So I would like to describe the pre-trading activities in a sequence so that traders know exactly the steps following each other. Gaining my experience in trading with IFC markets the information I am going to convey will mainly refer to IFC markets conditions.

• So the very first action you need to take is to choose between two trading platforms that IFC markets offers to its costumers – NetTradeX or Metatrader 4. Though Metatrader 4 is one of the most popular platforms in Fx market, I would suggest you to use NetTradeX because of being a new generation trading platform, designed and developed by IFC Markets. From my personal experience I have come to the conclusion that this platform is operating excellently, offering a broad range of trading and account management solutions for various financial instruments.

• This is followed by choosing between Beginner or Standard, Micro or Standard account types respectively for the above mentioned platforms. 

• Now you should download the platform and for opening an account you need to follow the instructions

• Opening an account does not yet mean that now you are free to trade. It should be activated. The activation process is simple. You just need to send the copy of your ID document by filling in this webform Email to IFC Markets. As for ID document it can be a passport or a driving license. Such documents as Pan card or voter ID card, widely spread among traders of Forex in India, also completely suit for opening a real account.

• After your real account is activated, it is right time for you to choose among four deposit methods  offered by IFC markets. IFC Markets offers the following four deposit methods in order to trade in Foreign Exchange in India: Bank Transfer, Card Payment, WebMoney and Liberty Reserve. Regarding the withdrawal methods, you can withdraw your money the same way as you deposited it.

It’s done. 

Now your way is open to become a participant of Fx market. Wish you a lucky and fruitful   trading.

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IFC Markets does not have any branch office in India right now. However this fact cannot serve as an obstacle for traders of Forex in India to trade with this brokerage company. Regardless of the distance any Indian is free to contact IFC Markets through a range of contact methods. The managers will surely provide you with any kind of valuable information.