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BrewerFX - Frequently Asked Questions (FAQ'S) - Page 3

How do I withdraw money from my account?

To withdraw money from your account, you must fill out and submit a withdrawal request form. Once received, your request will be processed within 2-3 business days. Funds may be withdrawn by the signatory of the trading agreement alone. If it is a joint account, then both account holders must sign
the withdrawal request. No third party payments are allowed. Additionally, funds may be withdrawn by Check only if the account holder resides in the United States or Canada. Certain withdrawal fees may apply.

What happens to my open positions at the end of the trading day?

At 5:00 PM EST, open positions are automatically rolled to the next day for settlement. Rollover involves exchanging the position being held for a position expiring the following settlement date. For example, for trades executed on Monday, the value date is Wednesday.However, if a position is opened on Mondayand held overnight, the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday, but because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest. Trades with a value date that falls on a holiday will also incur or earn additional interest. BrewerFX clients can earn interest on rollovers, depending on the direction of their positions and interest rate differential between the two currencies involved. For instance, the primary interest rates in Great Britain are much higher than in Japan, so if you buy GBP, you will earn interest at 5 PM EST time. On the other hand, if you sell GBP in this currency pair, you will pay interest at 5 PM EST time
.

What are your trading hours?

Dealing services are offered from 5PM EST Sunday, until 4PM EST Friday with no exception for country-specific holidays unless a special notice is given in advance to our customers. The market is closed from 5PM EST on December 24th to 5PM on December 25th and from 5PM on December 31st to 5PM on January 1st.

Can I place orders over the phone?

Yes, you can place trades over the phone.

Can I place a trade via email?

No, we do not allow our customers to place trades via email. In the case of an emergency, you may
place trades over the phone.

Can BrewerFX tell me when to buy or sell in my Forex account?

BrewerFX does not make specific recommendations, offer specific opinions or advise customers on their individual trading accounts unless the customer has granted power of attorney over his account. BrewerFX may make general market commentary for informational purposes. Customers who wish to invest in Forex but who do not wish to direct their own trading may consider one of the professionally managed Forex trading programs that BrewerFX makes available to customers.

What is hedging? How do I place a hedge order?

Once a position is already established, you have the ability to take the opposite side by clicking the "Hedge" box. As opposed to closing out the position you now have an opportunity to lock in a profit or even a loss. Hedging is a very useful tool for those traders that know how to use it properly. Hedging
an open position involves placing an exact opposite trade. Normally, the opposing trades cancel each other out, closing the position. But with our hedging feature, both trades remain active. For example, let's say you bought GBP/USD. You can hedge your position by selling GBP/USD. Both will remain
separate active positions, rather than cancelling each other out. Hedging gives the trader upside potential, whichever direction the market heads. It is important that you fully understand how hedging works and how to properly use it before placing any hedge orders. Hedging is an additional feature we have added for the benefit of our clients, and is by no means a required action. No additional margin is requested for hedging positions.

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DISCLAIMER: Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. In no event should the content of this correspondence be construed as an express or implied promise or guarantee by B.I.G. Forex, LLC or any of its subsidiaries and affiliates that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.