what is a "rubber check"?
Category: glossary by Romeo D. From Ireland
Another name for a "bounced check." The check cannot be processed because the writer has insufficient funds. Most rubber (or bounced) checks are subject to high bank penalty fees ($20-$40 per bounced check).
Is there an online fx platform with good attitude for first time users?
Category: platform by Lucia Y. From Ireland
If you're looking for an online fx platform that allows progressive trading schools for beginners, we recommend you to go to "GCI". This place includes great manuals for beginners, with easy to handle instructions and menues. You can absolutely get some peachy ideas from some of them.
looking for the nicest foreign exchange platform. Which one should I check out?
Category: general by Julian S. From United States
Definitely "Dukascopy" - the help team they have is fabulous. They seem totally experienced, as well as quite responsive. Regulated and certificated by ARIF, you can be sure the safety of your deposit is guaranteed in this one. We are often impressed with the communication with the system. It's pretty effortless to activate the environment. The connection to the server is usually fast, and you will encounter non of the usual difficulties you many times get connecting to other servers. In addition, its system supports many different languages. "Dukascopy"'s platform supports many languages, such as Deutsch, Russian, Chinese, French or Spanish (and any other of a wide array of other languages).
Can you refer me to a foreign exchange platform that's known for its low commission charges
Category: money by T. K. From United Kingdom
We recommend you to try "Finexo Ltd.". They don't charge any commission in this site, the platform graphics are the finest, the service is outstanding, and also the minimum deposit is only $25.
Which forex trading platform offers the easiest to understand software, in your opinion?
Category: technical by U. T. From Alexandria, United States
We think the best place for your purpose is "EToro USA". The download and installation of the site's platform is fun. The communication is flowing - you never break off even once in the middle of downloading, and it's easy to understand.
Will you suggest an online fx platform that has quick technical support service through phone?
Category: general by W. Hopper from Bruxelles [Brussel], Belgium
We think "EToro USA" is the one to consider if you're looking for an online fx platform that has the most reliable tech support service. Their support line is wonderful. It takes only a few seconds to get them, and they are absolutely skilled.
do you know what the "reverse repurchase agreement" is?
Category: glossary by Savana A. From Ireland
a "reverse repurchase agreement " is The purchase of securities with the agreement to sell them at a higher price at a specific future date. For the party selling the security (and agreeing to repurchase it in the future) it is a repo; for the party on the other end of the transaction (buying the security and agreeing to sell in the future) it is a reverse repurchase agreement. Repos are classified as a money-market instrument. They are usually used to raise short-term capital.
do you know what "minimum margin" is?
Category: glossary by Marisa Z. From Riverside, United States
the "minimum margin " is The initial amount required to be deposited in a margin account before trading on margin or selling short. For example, the NYSE and the NASD require investors to deposit a minimum of $2,000 in cash or securities to open a margin account. Keep in mind that this amount is only a minimum - some brokerages may require you to deposit more than $2,000. When you buy on margin, there are key levels - as governed by the Federal Reserve Board's Regulation T - that must be maintained throughout the life of a trade. The minimum margin, which states that a broker can't extend any credit to accounts with less than $2,000 in cash (or securities) is the first requirement. Second, an initial margin of 50% is required for a trade to be entered. Third, the maintenance margin says that you must maintain equity of at least 25% or be hit with a margin call.
please tell me what a "multiplier effect" is
Category: glossary by T. V. From Vancouver, Canada
The expansion of a country's money supply that results from banks being able to lend. The size of the multiplier effect depends on the percentage of deposits that banks are required to hold as reserves. In other words, it is money used to create more money and is calculated by dividing total bank deposits by the reserve requirement. The multiplier effect depends on the set reserve requirement. So, to calculate the impact of the multiplier effect on the money supply, we start with the amount banks initially take in through deposits and divide this by the reserve ratio. If, for example, the reserve requirement is 20%, for every $100 a customer deposits into a bank, $20 must be kept in reserve. However, the remaining $80 can be loaned out to other bank customers. This $80 is then deposited by these customers into another bank, which in turn must also keep 20%, or $16, in reserve but can lend out the remaining $64. This cycle continues - as more people deposit money and more banks continue lending it - until finally the $100 initially deposited creates a total of $500 ($100 / 0.2) in deposits. This creation of deposits is the multiplier effect. The higher the reserve requirement, the tighter the money supply, which results in a lower multiplier effect for every dollar deposited. The lower the reserve requirement, the larger the money supply, which means more money is being created for every dollar deposited.
please tell me what a "best bid" is
Category: glossary by Angelique S. From Richmond, United States
The highest quoted bid for a particular stock among all those offered by competing market makers. Simply put, this is the highest price someone is willing to pay for an asset.