Forex trading has become one of the major forms of trade throughout the world that involves trading of all world currencies. FxStat and Rubix Fx are two major sites for forex trading. 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. The foreign exchange trading that is either done in a decentralized way or over the counter for trading involving changing of one currency to another. Stock market is a form of marketing that brings together buyers and sellers of stock generally referred to as shares. 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.
The market that majorly deals with the primary economic sector is usually the commodity market that involves raw materials 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 is similar to stock market in FxStat although index trading involves a group of stocks. 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 types of accounts one opens in Rubix Fx platform depends on the account one has opened. Average spread and commission are necessary requirement for traders in Rubix Fx. Spreads are variable in Rubix Fx platforms are usually dependent on the future uncertainties of the market as well as the two currencies that are being traded at any time. Where there are no spreads, commissions are charged on the Rubix Fx platform on all transaction being done. There are both merits and demerits for having either spreads or commissions in Rubix Fx. Another requirement when trading in Rubix Fx is a minimum leverage given in ratio form where traders are given credits from Rubix Fx to increase their investment so as to make more returns for the traders.