Get answers to your most common questions about forex trading, accounts, and our services in our comprehensive FAQ section.
Once a completed application is received, it will be processed in one business day. In addition to the account application, Supreme FX must also verify the identity and address of each account holder. For this reason a copy of a government issued ID such as a passport or driver’s license as well as a proof of residency are required. Once all documents are received, they will be reviewed and notification of approval sent to the email address provided by the trader during the application process. If all documents are submitted, the verification process should take no longer than 2 business days at most.
Scanned copies of a passport, driver’s license, or national identity card are all acceptable forms of identification; expired documents will not be accepted. Supreme FX must also verify the address of its account holders. Examples of acceptable documents are either a bank statement or utility bill. It is important to note that the document is no older than 3 months and matches both the name and address supplied on the application.
Funds can be deposited at any time during the application process; however, the application must be fully verified before live trading is activated.
Because forex is an OTC (over the counter) market, there is not a government body which oversees the taxation of FX trading. Supreme FX highly suggests speaking with either a financial planner or tax advisor regarding the tax implications of trading forex.
Supreme FX will gladly wire funds to any bank account that is registered in the name of the account holder. It is not possible, however, to wire funds to a bank account owned by another individual or entity as this would be considered money-laundering.
Actually, swaps offer traders the ability to earn money just for holding a trade open past 21:00 GMT. Swaps can either be positive or negative.
Swaps are charged on a daily basis, however, when a trade is held past 21:00 GMT on Wednesday, the rates are tripled. Because forex trading is not available on the weekends, swaps are assessed 3 times on Wednesday as this is an industry standard.
Supreme FX is an STP broker; all orders are passed directly to liquidity provider. Traders must not be concerned with a dealer potentially blocking or manipulating orders. Furthermore, Supreme FX is only compensated by the spread or commission rate charged per trade.
To download the MetaTrader software, please click here and fill out the demo sign-up form. Once completed you will be prompted to download and install MetaTrader.
The steps are as follows:
On the top Menu bar, select INSERT > INDICATORS.
You can also navigate to the Navigator section and insert chart indicators from there.
On the top Menu bar, select CHARTS > BAR CHART or use the keyboard shortcut (Alt+1).
Yes you can trade mini lots (10K) using the MetaTrader platform.
Here is the scale that we use for trading lot sizes on MetaTrader:
0.01 lots = 1,000 units of base currency (or dollars) Our “micro” lot size.
0.10 lots = 10,000 units of base currency (or dollars) Our “mini” lot size.
1.00 lots = 100,000 units of base currency (or dollars) Our “standard” lot size.
**Please note that trading in lot sizes that are not shown in the scale above is possible. An example would be an open a lot position of 0.60 (60,000 units), an 8.00 lot position (800,000 units), and even a 3.20 lot position (320,000 units).
**Also, note that other brokers may use a different scale to trade certain size lots. For instance, another broker may show 1.00 lots on a mini account is 10,000 units.
To add time periods to the main menu bar, select VIEW > TOOLBARS > PERIODICITY.
M1 = 1 minute chart
M5 = 5 minute chart
M15 = 15 minute chart
M30 = 30 minute chart
H1 = 1 hour chart
H4 = 4 hour chart
D1 = daily chart
W1 = weekly chart
MN = monthly chart
Within the Market Watch window, all of the symbols eligible to trade can be viewed by right-clicking within this section and selecting ‘Show All’. All symbols will appear thereafter.