Forex Currency Trading Questions

No.  LeverageFX is wholly owned by TopGun Software, LLC and is an introducing broker to FXDD, and FXCM.

We discovered that many new Forex traders  want to open up $2,000 sized accounts and trade the smaller mini contracts.  Our Professional TopGun Software sells for $2,000 or leases for $150 per month and the eSignal data feed costs about $139 per month. 

There are two reasons why we are giving our software away for FREE.  The main reason is that our software WORKS and gives Forex traders an incredible advantage over other traders.  We have experience teaching (our mentorship program and live chat room) new traders and can see the results.  Many of our traders are doing very well trading with our software.  Listen to their testimonials.  Secondly we felt most new traders could not justify spending 15% of their account value each month on software and data feed expenses and we would therefore attract fewer traders.  We also did not want our new traders taking unnecessary risks trying to cover their relatively high monthly costs. 

By giving our software away for free we are getting hundreds of traders we wouldn't normally have.  They are telling their friends how much they enjoy trading with our software, and how good our training is and we are getting even more customers who would have never heard of us.  And by training our traders how to successfully trade the Forex markets we are getting paid on the back end through being Introducing Brokers.  We have found that as traders start making money trading the Forex they trade more and increase their trading size from mini sized to full sized contracts. 

In our opinion this is the most incredibly fair Forex deal available anywhere.  You the trader get $3,000 per year worth of software and data absolutely free!  We really make very little off of smaller sized traders until we can teach them how to make money.  So you see our best interest is doing everything we possibly can to help you make money.  We recently opened up a Live Paltalk Chat Room to further help our traders learn how to trade.  You will be trading side by side with the inventors of the software and traders with thousands of hours of trading experience!

By opening an account through us at FXDD or FXCM,  LeverageFX is going to give you TopGun Software Professional charting and analysis platform absolutely FREE.  In addition you will also receive eSignal data (A $139/mo value). 

LeverageFX is the only Forex Broker that will give you TopGun Software and the eSignal data that it needs absolutely free.  We believe that TopGun Software is the most sophisticated Forex platform available anywhere and gives its traders an incredible advantage over other traders.  For example, you can see on the chart how much buying and selling is going on, statistical high and lows of every hour in advance for lower risk places to buy and sell, and many buy and sell signals (Trend Snapback, Squat Bars, Trend Reversals). In addition we have intelligent volatility based trailing stops that keep you in trends to maximize your profits and reduce your risk.

TopGun Software, LLC has been developing our software and offering it for sale for over 6 years.

We do!

Unlike the majority of Forex brokers and trading software developers we are real traders.  We initially created this software for ourselves to give us a bigger edge in the markets, to make more money from trading, to make it easier and to make it more FUN!  When you see how well our tools work you will immediately know that they were developed by traders with thousands of hours of live trading experience and a thorough grasp of market dynamics. Anybody who has these tools will feel COMPELLED to trade with them and the principals of TopGun Software trade almost every day in addition to running the business.  Many people ask us if your tools work so well why do you sell them?  My answer to this is why wouldn't we.  It actually positively impacts our trading because when you don't need to earn money from trading you have more patience to wait for the lowest risk, high probability trades.  We have seen many trading software companies get bought out for $20 to $100+ million by bigger brokerage firms and this is also part of our longer term plans.

We are so committed to helping our traders learn how to trade and make money we also run a Live ivocalize Forex trading room and actually CALL OUT OUR TRADES.  Anybody can say they trade but almost NOBODY has the nerve to call out their trades live in a public forum for all to see.

In Forex, the spread between the bid and the ask is your commission.  The lower the spread the lower are your trading costs.  Some brokers charge a commission on top of this.  Our brokers do not. Click here to view our Spread Comparison Spreadsheet.

Many traders ask us why we offer multiple trading brokers and platforms.  There are many reasons for this including choice and trading activity.  Some traders are already setup at FXCM or FXDD and need only contact them to make us their introducing broker in order to get the eSignal and TopGun FREE Offer.  To cover the expensive eSignal costs and so that we can afford to give our software away free we require 10 full lots or 100 mini lots to be traded per month.  This low minimum is just 1 lot every other day or 5 mini lots per day.  Most of our traders trade this much in 2 or 3 days and its one of the reasons we setup our 24 Hour Live Forex chat room so that new traders can take trades that we and our other profitable traders call out in the room while they are learning.  Most traders who come into the room quickly see the traders who are most successful in their calls and it only takes a few trades a week to meet the minimums.  FXDD has lower spreads and any high volume trader should choose them to save trading costs.

Yes.  We expect traders to trade a minimum of 10 standard sized lots or 100 mini sized lots per month.  Many new traders seem intimidated by this minimum but it is really ridiculously low.  It is only 1 lot every other day or 5 minis per day.  Our TopGun Software finds 10 to 15 good trades every day in every currency pair so most new traders could trade just one day a week for two hours and should be able to meet our minimums.  If you feel you can not meet these minimums please call us to discuss your 'special circumstances'.  We also highly recommend new traders take our training which consists of 55+ videos and daily classes at noon EST.

By trading with our software you also agree to place all of your trades through our Introducing Broker arrangements with FXDD or FXCM.  We are only compensated if you trade and it is unfair to use our software tools and training and trade elsewhere.  After the two month grace period traders who do not trade our minimums will be billed $80/mo to use our software.  This is about half off our normal charge of $150/mo.

To open an account, fill out the form.  FXDD     FXCM

Once your account is setup and funded, contact the Forex broker you selected.  For Full directions on getting both eSignal and TopGun click here.

You can open up an account with as little as $1,000.  We recommend most new traders start with at least $5,000 and open up a mini sized account.  This gives you the ability to trade small in the beginning and risk the smallest amount per trade while you are learning how to trade.  Once you learn how to successfully trade foreign currencies, then you can trade larger and consider trading full size lots.

Mini Account

If you are new to forex trading, have practiced on our demo account and are ready to begin trading smaller lots.

• Minimum deposit is $1,000.
• Transparent pricing allowing you to maximize your trading opportunities.
• 200:1 leverage *
• 10,000 trading lot ($1 profit/loss per pip movement)

Standard Account

• If you actively trade forex, the standard account is right for you.
• Minimum deposit is $5,000
• Transparent pricing allowing you to maximize your trading profits.
• 100:1 leverage *
• 100,000 trading lot ($10 profit/loss per pip movement)

A pip is the minimum fluctuation or smallest increment of price movement in the foreign currencies.  A pip equals $1 per $10,000 of currency (mini sized lot) or $10 per $100,000 of currency (standard sized lot).

FXDD allows funding through check, wire, or Pay Pal transfer. 

Wire Instructions

Wiring of funds is the preferred and the fastest way to transfer funds. Please allow 1-2 days business days for the funds to be credited to the customer's account.

Citibank New York
City Hall Financial Center
250 Broadway
New York, NY 10007
USA

Swift Code: CITI US 33
ABA Number: 021000089
Account Number: 27656149
For the Account: FXDirectDealer, LLC Control (Favor Your Account ID and/or Name)

Mailing a Check

FXDD does not assume responsibility for checks that are sent via the mail, nor will we consider funds available for trading until they have been deposited, cleared and credited to the customer's account. This generally takes 5 business days from the time the check is received.

Customer Accounts
FXDD
75 Park Place - 4th Floor
New York, New York 10007

Restrictions prohibit FXDD from accepting cash or cash equivalents such as money orders, cashiers checks, travelers checks or personal checks from an individual that is different from the account applicant (a third party).

Click here to fund with Pay Pal.

FXCM allows funding by check, online check, wire, or credit card.  Funding instructions are emailed to you once account is setup.

Complete instructions on how to install TopGun software and directions for how to setup charts can be found by clicking here.

FXDD   Directions on how to use MetaTrader 4.

FXCM   Directions on how to use FXCMTrading Station

TopGun software uses eSignal data and requires our users to use their symbols  Here is a table that will translate what you are probably used to.  The symbols all end with A0-FX  this is a ZERO.

EURUSD IS EUR A0-FX
GBPUSD IS GBP A0-FX
USDJPY IS JPY A0-FX
EURGBP IS EURGBP A0-FX
EURJPY IS EURJPY A0-FX
EURCHF IS EURCHF A0-FX
AUDJPY IS AUDJPY A0-FX
USDCHF IS CHF A0-FX
GBPCHF IS GBPCHF A0-FX
GBPJPY IS GBPJPY A0-FX
USDCAD IS CAD A0-FX
CHFJPY IS CHFJPY A0-FX
CADJPY IS CADJPY A0-FX
AUDUSD IS AUD A0-FX
EURAUD IS EURAUD A0-FX

Yes LeverageFX offers affordable Forex Trading Course, Daily Training Classes, Trade Reviews, and a Live Pal Talk chat room to help our traders learn how to improve their Forex trading.

We require the following:
Vista 32 bit, Windows XP, Windows 2000, Windows NT (Win95, Win98, and ME not supported)
2 GHz processor
1GB of RAM
5 MB free hard disk space
Cable or DSL

We recommended the following:
Windows XP / Vista 32 Bit
3 GHz or higher processor
2 GB of RAM
50 MB free hard disk space

Windows Vista 32 Bit, XP, 2000 are supported. Windows 95, 98 and ME are not supported.

We suggest a broadband connection whenever possible. Broadband connections vary, try to get 5Mbs+ download speed.

No. We do not have plans to offer compatibility with Macintosh in the future.