Hello surianto, and thank you for your post! On behalf of myself and everyone here at FXCM, welcome to the forum community!
What do I enter for my last name on the application if my government issued photo ID only has my first name on it?
When you fill out the online application the system requires that you enter both your first name and last name exactly as it appears on your government issued photo ID to proceed. If only your first name appears on your government issued photo ID, then enter that name for both your first name and last name as shown below.
If you don't mind me asking how much capital were you thinking about getting started with? I ask because standard accounts also have the functionality of trading micro lots (increments of 1K) available and offer many advantages over micro accounts.
What advantages do standard accounts have over micro accounts?
Some of the advantages to holding a standard account include but are not limited to:
The minimum starting balance for a standard account is $2000. Please let me know if a standard account would be something of interest to you, and I will be more than happy to put you in touch with a specialist that can go over all your options. If you are looking to open a micro account, you can open one by clicking on the link below:
Please let me know when you have submitted your application and I would be more than happy to help you with the depositing process. Thank you in advance for your time surianto, and I look forward to hearing from you soon.
Thank you again for your post surianto! Please feel free to post with additional questions or contact me directly at julius@fxcm.com
Originally Posted by surianto
as subject, my name only consist of first name, as it is in my bank account and in my national id, then what should i fill in the last name?
thanks
Last edited by Julius at FXCM; 04-22-2012 at 08:49 PM.
Thank you for being a part of our trading community!
Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!
thanks Julius, i have some more questions:
1. in standard account fxcm, in gold trading, is it cfd, futures or spot?
2. micro lot in gold trading equals to how much troy oz?
Hello again surianto, and thank you for your post! You are very welcome for that information, it is my pleasure to assist you.
Are Gold and Silver with FXCM offered as CFD or Futures products?
FXCM LTD (UK) and FXCM Australia (AU) standard accounts both offer spot FX, CFD and Stock Indice trading. Gold and Silver are offered as CFD products. Please click on the link below that corresponds to what type of account you are going to open for more information about Gold and Silver trading.
I have also attached our CFD product guide to this post for your convenience.
What are the minimum trade sizes for Gold and Silver?
Gold: Symbol XAU/USD
When you trade 1 lot of XAU/USD, you are buying or selling 1 ounce of Gold. You can trade as little as 1 ounce of Gold at a time and all trades need to be made in increments of one. 1, 2, 3, etc.
Silver: Symbol XAG/USD
The smallest trade size for XAG/USD is buying or selling 50 ounces of Silver. You can trade as little as 50 ounces of Silver at a time and all trades need to be made in increments of fifty. 50, 100, 150, etc.
I am a U.S. resident; can I trade Gold and Silver?
CFD (Contract for Difference) trading is not available to residents of the U.S. or its territories due to federal regulations and is therefore unavailable on FXCM US (LLC) based accounts. If you have residence in a country other than the United States, you can transfer your U.S. based account to the UK by clicking on the link below that corresponds to what type of account you have:
Please note: Proof of residence such as an electricity bill or bank statement will be required to be sent to the email address that corresponds to your account below when changing your address:
If you reside in the US and cannot trade CFD’s, there are ways to invest in Forex that are strongly correlated to the Gold and Silver market. Our valued Quantitative Strategist and DailyFX Analyst David Rodriguez explains how this can be done in his most recent article on forex correlations.
Thank you again for your post surianto! Please feel free to post with additional questions or contact me directly at julius@fxcm.com
Originally Posted by surianto
thanks Julius, i have some more questions:
1. in standard account fxcm, in gold trading, is it cfd, futures or spot?
2. micro lot in gold trading equals to how much troy oz?
Last edited by Julius at FXCM; 04-23-2012 at 07:20 PM.
Thank you for being a part of our trading community!
Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.