Forex Sport Spreads, leverage, minimum deposit Revealed

　　General Information& Regulation

　　Forex Sport Pty Ltd (“Forex Sport”) is an Australian incorporated company. Forex Sport aims to provide a fast and easy way to move money for less. It is regulated by the Australian Securities & Investments Commission (AFSL No. 401379) and is also registered with Australian Transaction Reports and Analysis Centre (AUSTRAC).

　　Market Instruments

　　Forex Sport specialises in FX and global payments offering both spot FX, value today and tomorrow FX transactions and FX forward contracts.

　　Payment

　　Payments are accepted in multiple currencies including USD, EUR, GBP, JPY, NZD, HKD and SGD. Forex Sport can reduce fees by accepting domestic payments in each of these currencies and reduce the fees that other banks may charge to receive other currencies.

　　FX Transactions

　　Forex Sport offers two types of FX Transactions: Spot Contracts and Forward Contracts. A Spot Contract is an FX Transaction where the Value Date is 48 hours after the time and date of entering in to the FX Transaction. A Forward Contract is an FX Transaction where the Value Date is more than 2 days but less than one year after the time and date of entering the FX Transaction.

　　Fee-Charging

　　When dealing with Forex Sport there are no hidden fees. Forex Sport derives a profit on FX transfers based on the difference between the rate quoted to traders and the rate it can negotiate with its own liquidity providers. This profit will vary according to the currencies involved and the arrangements that it enters with its liquidity providers from time to time.

　　Fund Transfer

　　Forex Sport does not accept cash, credit or debit cards or cheques. Once you have confirmed your FX transaction you will receive an email trade confirmation with the Forex Sport bank account details. This confirmation will clearly set out where you need to send the funds and how much you need to send. If you do not receive this email confirmation after a few minutes, please call Forex Sport on (03) 9008 1880. Alternatively, you can log in to your Forex Sport online client portal to see the details of the FX transaction. All you need to do then is login to your internet banking and make an electronic funds transfer to Forex Sport.

　　Length of Time

　　The length of time it takes for your FX transfer to reach the beneficiary will depend on what currency you are buying and the destination country. For most currencies, it will typically be within 24-48 hours of receiving your funds (depending on what time of the day your funds are received). From time to time there can be delays beyond control. For example, where intermediary or receiving banks hold funds up or take time to apply to the beneficiary account.

　　Accepted Countries

　　Forex Sport accepts traders from South Africa, the United States, Canada, China, Japan, Singapore, New Zealand, Australia, Switzerland, the United Kingdom, Norway and Sweden.

　　Benefits

　　There are a number of significant benefits of using Forex Sport's service including: real-time pricing, which can be accessed by telephone or simply by logging in and

　　requesting a live quote by email; highly competitive exchange rates; accurate transaction records with your personal deal history accessible at any time simply by using your personal login on the website; access to market research and visibility to wholesale pricing and a completely transparent service which allows you to compare Forex Sport‘s rates against wholesale rates, your bank’s or providers rates.

　　Risks

　　The following are risks that you must consider before you enter into an FX Transaction with Forex Sport: counterparty risk, hedging counterparty, client funds, foreign exchange risk, operational risk, information technology, market information and charting.