Frequently Asked Questions

By signing up with our broker Prime Forex Trading receives small commission every time you trade, so when you do well in the long term we earn commission.

Well this depends upon which country you reside in. For example in the UK at the time of printing Tax is NOT applicable, but we stress it is the individuals responsibility to confirm the tax liability. 

No. Prime Forex Trading has no access whatsoever to your money, the broker holds your money and your account copies the trading from our master accounts.

All funding and withdrawing of funds is done through the broker, please see their website for full T&C's https://ifsmarkets.com/  

We have many copiers who are new to Forex Trading and have little knowledge of the detailed working of forex trading. So you can relax and follow the progress, signal monitoring is explained more on the Key Information page. 

Unfortunately you cannot use a different broker as by everyone signing up and using our broker means we can provide the service for free. 

Yes there is a minimum amount you need to have in your account, please see the signal description for exact amounts, but typically $2,000. Please note all accounts are in US Dollars. 

Please see the signal description for a range of open trades, but the aim is to have a manageable amount open without exposing the account. 

Typically major and some cross currency pairs are traded, but Prime Forex Trading can adapt the strategies at anytime to suit the market demands and add or remove currency pairs as required.

Yes you can stop copying at anytime you want. You will need to be aware that there could be trades active when you stop and these will need to be closed (possibly at a loss) to completely stop. 

US dollars are the mainstay in foreign exchange trading and all our trading accounts are in US Dollars. When depositing please take this into consideration. 

Once you have completed the required tasks (account opening, funding and completing the form) then the account will be linked to the master account by the broker and the next trade opened by the master account  will be opened on your account.

Trading can take place anytime day or night. But you will not miss out on a single trade by using this copying service.  

Unfortunately this is not possible, only trading from the selected signal will be allowed on that account. If you wish to trade yourself you can open another account (not linked to one of our signals) and trade on that account. 

This is fine and you can deposit as much as you like, there is no maximum, the account automatically adapts to suit the balance of your account.  

This is because there can be a slippage (a millisecond or two) between orders being placed and closed on the master account and then this action being undertaken on your account. This is nothing to worry about and perfectly normal, the difference should be negligible.     

The term Forex is simply the combination of the words Foreign Exchange and it very commonly used when describing trading the foreign exchange markets.  

Please contact the broker IFS Markets directly and reconfirm with them which signal you want your account to follow. This should be a quick and easy route to resolve this problem.  

No a VPS is not required as all the accounts are linked on the brokers server.  

Absolutely not, Prime Forex Trading has no access to any of your data and/or account details. All this is handled by the broker.    

Liquidity is the ability to trade (buy or sell) on a currency pair on demand without delay and for the rice quoted. Some currency pairs have such demand that there is never any liquidity issues such as EURUSD or GBPUSD. Prime Forex Trading take this into consideration when planning a strategy.