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FAQs

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Frequently Asked Questions (FAQ's)

You can open two types of accounts- Demo account and live account. In the demo account, you will get virtual money through with you can trade and learn virtually. In live account first, you need to deposit funds to trade

Upon registering you will get a username and password through which you can log in into your account.

To open an account following documents will be required: –

  • Identification proof like passport or driving license.
  • Residential proof
Your account can have a maximum of 1:1000 leverage.

Bluechipfx offers three base currencies in which you can trade. You can have multiple accounts for each base currency.

To verify your account, you need to submit a government-issued id and address proof.

To open an account with Bluechipfx you need to provide us with some necessary information and submit some identification documents.

First, you need to go through our security and identification documents and then you can deposit funds into your account using a variety of different methods including bank transfer, bitcoin & many more.

To do so you need to fill our security and identification documents and select the amount you wish to withdraw.

Spread is a difference between the bid and ask price of the base currency.

You can trade with as low as few dollars using our micro-accounts

There are no additional fees charged.

The forex market is open 24 hours daily in several parts of the globe, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday. the flexibility of the forex to trade over 24 hours is due partially to different international time zones.

The limit orders and the stop-loss orders are the most common risk management tools in Forex Trading. A limit order helps to restrict the minimum price to be received or a maximum price to be paid. Stop-loss orders are used to set a position to be involuntarily liquidated at a present price to limit possible losses that the market should move against an investor’s position.

We have a wide range of account types. You can explore the account types here and choose the one that suits you.

Yes, we do offer it.

We offer variable spreads that may be as low as 0.0 pips. We have got no re-quoting: our clients are given directly the value that our system receives.

Leverage offered for Bluechipfx trading accounts is up to 1:1000 depending on the account type.

Yes, we allow scalping.

Stop-loss is an order for closing a previously opened position at a price less profitable for the client than the worth at the time of placing the stop loss. Stop loss could be a limit that you simply set to your order. Once this limit is reached, your order is closed. Please note that you just must leave certain distances from the present market value after you founded stop/limit orders. For further details about the gap in points for every currency pair, please view the limit and stop levels here.
Using stop loss is beneficial if you would like to reduce your losses when the market goes against you. Stop-loss points are always set below the present damage on BUY, or above the present ASK price on SELL.

Yes, we do. You are liberated to hedge your positions on your trading account. Hedging takes place after you open a protracted and a brief position on the identical instrument simultaneously. once you open a BUY and a SELL position on the identical instrument and within the same lot size, the margin is 0.
However, after you open a BUY and a SELL position on a CFD of the identical type and lot size, the margin is merely needed once, and it will be seen here.
The margin of CFDs, once you are hedged, is usually 50%.

Yes, under the My Account tab, you can change the leverage, and then press the Change Leverage button in our Members section. That is the instant leverage change method.

For further queries, you can contact us on our email and contact no.

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