WFT Legal Docs

Terms of Service

Please make sure you read and understand our terms before you start trading with us.


Our broad data protection policy reflects our high-end security standards.


Learn more about how we keep your work and personal data safe when you’re using our services.

Company Faq

The answers to the frequently asked questions about the Forex market are presented in these FAQs: What is Forex? How can I start trading Forex?

  • What is Forex?

    Foreign exchange, also known as Forex or FX, is the market in which currencies are traded. The Forex market is the largest, most liquid financial market in the world, open 24 hours a day, five days a week. To put it into perspective, the New York Stock Exchange handles approximately $169 billion worth of transactions a day, while the Forex Market sees over a colossal $5 trillion worth of transactions a day.

  • Which countries are forbidden?

    UK, USA, China, HongHong + FATF BlackList

  • How does Forex trading work?

    Forex is traded in currency pairs. Common currency pairs are the Euro/US Dollar, US Dollar/Japanese Yen, Great British Pound/US Dollar, and Canadian Dollar/US Dollar. You buy one currency and automatically sell another. The goal is to make a profit by buying and selling currencies as their value increases and decreases. There are many economic factors that contribute to currency movements which traders and dedicated analysts alike attempt to decipher.

  • What are the trading hours for the Forex market?

    The Forex market is open 24 hours a day, 5 days a week and currencies are traded worldwide among major financial centres. It opens on Sunday at 10:00 pm GMT, and closes on Friday at 10:00 pm GMT.

  • Is Forex trading expensive?

    It depends on the leverage used and the amount of capital invested. You could invest a starting capital of $50, or $50 000, the sky is the limit. However, it is important to remember that increasing leverage, increases risk; ultimately it depends on a trader's tolerance to and management of risk. Skilled traders are able to minimise risk and maximise profit thorough analysis, a trading strategy that suits their style and wise money management.

  • Who are the participants in the Forex market?

    The primary participants in the Forex market - who make the spreads - are the largest banks in the world; Such banks include central Banks, commercial banks, and investment banks. Known as the interbank market as they constantly deal with each other on behalf of themselves or their customers. However, the percentage of other market participants is rapidly growing and now the list includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders and individual investors.

  • Where is the central location of the Forex market?

    Unlike the stock market, the Forex market is not tied to a central exchange. Transactions are conducted between two counterparts over the telephone or via an electronic network, therefore the Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market.

For general inquiries please contact