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 involves both forex and statistics market that is done online offering some social networks that deal in financial services. 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. Sellers and buyers in stock market usually comes together so as to trade in stocks which are referred commonly to as shares. The shares are used as indicators of ownership claims on businesses which are securities which are can be listed on either public or private stock exchanges for trade.
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 a form of a forex broker which helps in connecting traders in the foreign exchange which includes the forex trading, index trading as well as commodity trading. Rubix Fx helps individuals trading in currencies to get a platform for selling and buying of the different currencies with it handling a small portion in the foreign exchange market. Rubix Fx helps in index trading which involves a group of stocks in the stock market. Rubix Fx index trading is computed by the use of selected stocks and it can also be made up of a group of stock market in top businesses which have been publicly listed on the stock exchange. Both Rubix Fx and FxStat commodity trading are similar.
Rubix Fx has set some rules to be followed by individuals wishing to start trading in the platform to ensure smooth flow of activities. Depositing a minimum amount of funds when opening an account in Rubix Fx is a major requirement. Rubix Fx has set their initial amount to start with depending on the type of account an individual wants to open. 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. Rubix Fx may also charge a commission for the transactions take placing in the platform which also vary depending on the type of account. Both the spreads and commissions have their own advantages and disadvantages. 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.