FAQs
DuraMarkets provides its users with only the best in every service, including our trading platforms.
What sets DuraMarkets apart for forex trading?
DuraMarkets stands out for its combination of low spreads, seamless deposit and withdrawal processes, and a diverse range of trading instruments. Whether you're into arbitrage, automated trading, or scalping, DuraMarkets offers an exceptional trading experience without limitations.
Is opening a trading account with DuraMarkets necessary to start trading?
Yes, to begin trading with DuraMarkets, you need to create a trading account through our website.
What types of accounts does DuraMarkets provide for trading?
DuraMarkets offers four main account types. The four account types are Standard Account, Zero Account, VIP Account and Swap-Free Account.
Can I operate both demo and live accounts simultaneously with DuraMarkets?
Absolutely. DuraMarkets allows the concurrent operation of both Live and Demo accounts, which you can set up through our CRM.
Am I able to adjust the balance of my demo account with DuraMarkets?
Yes, you have the flexibility to modify your demo account balance via the CRM.
Do trading conditions remain consistent between demo and live accounts with DuraMarkets?
Yes, to ensure an accurate learning experience, DuraMarkets maintains uniform trading conditions across demo and live accounts.
Can I customize settings for both demo and live accounts with DuraMarkets?
Certainly, you have the ability to adjust account settings such as leverage, password resets, and account labeling through the Manage Accounts feature.
Does DuraMarkets facilitate broker-to-broker transfers?
No, DuraMarkets exclusively offers standard payment methods and does not support broker-to-broker transfers.
What is the minimum deposit required by DuraMarkets?
DuraMarkets sets minimum deposits at $10 for standard and Zero accounts, $500 for VIP accounts, and $100 for Swap-free accounts.
Are there any fees charged by DuraMarkets for deposits and withdrawals?
No, DuraMarkets does not impose any fees on client deposits or withdrawals.
How long does DuraMarkets take to process withdrawal requests?
DuraMarkets ensures swift processing of withdrawal requests within one working day on business days, prioritizing a smooth trading experience for clients.
Can I request a withdrawal from DuraMarkets if I have open positions?
Yes, it's possible to withdraw funds with open positions, provided your free margin meets or exceeds the withdrawal amount specified. However, it's advisable to close positions before initiating withdrawals to prevent potential complications due to fluctuating margins.
What trade execution model does DuraMarkets follow?
DuraMarkets operates as a pure ECN Broker with a fully automated No Dealing Desk (NDD) execution model, ensuring liquidity sourced from leading international banks and liquidity providers.
Are there any trading restrictions imposed by DuraMarkets?
DuraMarkets does not impose any trading-related restrictions on its platform, offering clients unrestricted access to trading activities.
What constitutes slippage in trading?
Slippage can occur due to rapid market movements or news events, resulting in a difference between expected and actual trade execution prices. While slippage can lead to both positive and negative outcomes, its occurrence is influenced by market volatility.
Does DuraMarkets permit hedging and scalping in trading?
Yes, DuraMarkets allows both hedging and scalping strategies without imposing any restrictions on client trading activities.
What are the trading hours for DuraMarkets?
DuraMarkets offers round-the-clock trading access from Monday to Friday (GMT+3) during daylight savings time and GMT+2 when the daylight savings end, ensuring flexibility for traders across different time zones.
Does DuraMarkets operate a dealing desk?
No, DuraMarkets operates exclusively as a No Dealing Desk (NDD) broker, ensuring transparency and avoiding conflicts of interest by executing client orders directly with liquidity providers.
Is slippage possible on DuraMarkets's trading platform?
Yes, slippage may occur on DuraMarkets's platform due to market dynamics, including news events and market volatility.
How many trading platforms does DuraMarkets offer?
DuraMarkets provides MT4 trading platform.
Does DuraMarkets offer swap-free accounts?
Yes, DuraMarkets provides swap-free accounts in adherence to Sharia principles.
What does negative balance protection entail in forex trading?
Negative balance protection safeguards traders from incurring losses beyond their initial investment, ensuring that clients do not owe more than their total account balance.
What is arbitrage in trading?
Arbitrage involves exploiting price differences between markets to generate risk-free profits by simultaneously buying and selling a security at different market prices.
How can I qualify as a Professional Client with DuraMarkets?
To become a Professional Client, you must meet specific requirements outlined by DuraMarkets, understanding both the benefits and drawbacks associated with professional status.