There are various currencies developed from all over the world, and people need to change them from one currency to another hence forex trading was developed. There are two major sites for forex trading which are FxStat and Rubix Fx. FxStat is a trading site that involves financial services in both forex and statistics that are usually done online and it can also be a site that offers social networking. FxStat platform has three major focus that it deals with which include foreign exchange market, the stock market as well as the commodity market. Trading of currencies that is converting a currency to another which is done in a decentralized manner or over the counter is the foreign exchange marketing. Selling of stocks also called shares is known as the stock market, and it brings together the buyers and the sellers. Shares are either listed on public or private stock exchanges for trade and they show the ownership claims of a given business by an individual.
Commodity market is a market that deals with the trade of primary economic products that include all the raw materials that are needed for manufacturing and processing.
Rubix Fx is made to be a forex broker in currency exchanges where it deals will forex trading, commodity trading and index trading. Rubix Fx provides the platform where traders dealing in currencies can buy and sell foreign currencies where Rubix Fx handles a very small proportion of the total volume of the foreign exchange market. Index trading in Rubix Fx involves a group of stocks in the stock exchange market. It is usually calculated by the use of the stocks that have been selected and can also be a group of stock market of top businesses in a region that has been listed on the public stock exchange. Both Rubix Fx and FxStat commodity trading are similar.
Efficiency of trading in the Rubix Fx platform has to be ensured hence there are some conditions that have been set to enhance this. One of the conditions when opening an account with Rubix Fx is to pay a minimum initial deposit depending on the type of account one is opening. The minimum amount deposited in the Rubix Fx account depends on the type of account one opens. Another requirement for a trader in Rubix Fx is to have an average spread and commission. Rubix Fx spreads vary considerably depending the two currencies that a trader is either buying or selling and also the unsteady market factors. commissions can also be charged where there are no spreads which are charged on each and every transaction made on the Rubix Fx platform. Spreads and commissions in Rubix Fx have pros and cons Traders in Rubix Fx are also required to have a minimum leverage given in form of a ratio so as the traders can get credit from Rubix Fx to expand their investment hence making more returns.
