1.      What is  ForexNation?

Forex Nation is the world’s 1st charity forex broker – We are a non profit broker registered as a CIC (Community Interest Company) giving at least 65% of our profit to the neediest through microcredits.

The Forex Nation model is built around three key principles:

  1. Community not competition;
  2. Transparent, non-predatory market practices;
  3. Sharing the wealth for the wellness of people and the planet.

Our brokerage profits are used to fund charitable works that help people and enrich communities in need. We are not asking for donations or charging extra brokerage to make this possible. Just like any other brokerage account, our clients keep their own profit. But unlike any other brokerage account, our own benefits are given to the neediest by microcredits. Every trade made through Forex Nation contributes to building a better future … one trade at a time.

Interested traders will be able to track those underserved entrepreneurs who received microcredits by visiting our website.

Operational transparency is a cornerstone of the Forex Nation model. Our operating costs which are minimum due to the fact that our operations are online,, will be voluntarily disclosed on our website as annual audited accounts.

  1.      What is a CIC company?

CIC’s are being recognised more and more as an effective legal form for social enterprises. They are particularly attractive to those who do not want to become charities but wishing to enjoy the benefits of limited company status and wanting to be legally committed to give their own benefits to Charities.The CIC form aims to meet the needs of organisations which trade with a social purpose (“social enterprises”) or carry on other activities which benefit the community. The different available formats of companies (limited by guarantee,public or private companies limited by shares) and the ability in some cases to pay limited dividends give a flexibility to tailor the CIC form to particular needs. The familiar structure of shareholders and directors is an easily understood corporate governance system and the people you deal with such as banks, suppliers and advisers will be used to dealing with a company. The ability to pay salaries to directors may assist in obtaining the right quality managers. The asset lock provision is increasingly giving confidence to those wishing to fund CICs and those dealing with CICs that the assets and profits will primarily be devoted to the benefit of the community rather than rewarding the owners or investors. The CIC annual report ensures transparency and recognition to the affected people and beneficiaries.

  1.      What is an Asset Lock?

The Asset Lock is a fundamental feature of Community Interest Companies (CICs).  “Asset Lock” is a general term used to cover all the provisions designed to ensure that the assets of the CIC (including any profits or other surpluses generated by its activities) are used for the benefit of the community.

  1.     Differences between charities and CICs.

Charities must be established exclusively for charitable purposes: community interest companies (CICs) can be established for any lawful purpose, as long as their activities are carried on for the benefit of the community. Charities have certain tax advantages that CICs do not have. In return for those advantages, charities are subject to more onerous regulation than CICs. The CIC legal form was specifically designed to provide a purpose-built legal framework and a “brand” identity for social enterprises that want to adopt the limited company form.

CICs are free to operate more commercially than charities (e.g. CICs limited by shares can pay dividends to individual shareholders, subject to a cap), but stakeholders in CICs will still have the assurance of community benefit provided by the asset lock and transparency about their activities through the community interest report. A charity may, however, own a CIC and the CIC is permitted to pass assets to the charity. This for example enables a CIC to run a charity shop and pass all the profits to the charity that owns it.

  1.      Why would an organization want to be a CIC instead of a charity?

There is no doubt that charitable status is exactly right for those who wish to further charitable objectives and it is likely that many organisations operating for the public benefit (and who are eligible for charity status) will choose to be charities, not least for the fiscal advantages.

The sort of people who will want to set up a CIC will typically be entrepreneurs who want to do good in a form other than charity.

  1.      What is our purpose of becoming CIC?

ForexNation aims to explore a new way to do business, that is not anymore relegated to the merely profit but also to benefit the community and the world. Profit must come not from disadvantaging others but to advantaging and improving the world health.We were looking to work for community benefit with the relative freedom of a non-charitable company form, and,  to be able to identify and adapt to circumstances  with a clear assurance of not-for-profit distribution status. By the CIC regulator we will be committed to share at least 65% of our profits to the neediest through microcredits.

  1.      How do I know that ForexNation is giving its benefits to Microcredits?

We are regulated by the CIC regulator who decides whether an organisation is eligible to become, or continue to be, a community interest company (CIC). It is responsible for investigating complaints – taking action if necessary – and it provides guidance and assistance to help people set up CICs.

Moreover, you will be able to see the latest microcredit given through our website.

  1.      Will I be, as a trader, refunded if anything with ForexNations goes wrong?

You, as a trader, will not be affected and you will able to keep trading as usual through our broker provider. You must take into account that our purposes is to share our own benefit to microcredits and we, above all, care for our client’s protection.


  1.       What  does microcredit stand for ?

Microloans (also known as microcredits) are extremely small loans given to impoverished people to help them become self employed. Microloans have a small value; most loans are less than $100 in size. These loans are generally issued to finance entrepreneurs who run micro-enterprises in developing countries. Examples of micro-enterprises include basket-making, sewing, street vending and raising poultry. The average global interest rate charged on micro-loans is about 35%. Although this may sound high, it is much lower than other available alternatives (such as informal local money lenders). Moreover, MFIs must charge interest rates that cover the higher costs associated with processing the labor-intensive micro-loan transactions.

Microfinance began in the 1970s when social entrepreneurs began lending money on a large scale to the working poor. One individual who gained worldwide recognition for his work in microfinance is professor Muhammad Yunus who, with Grameen Bank, won the 2006 Nobel Peace Prize. Yunas and Grameen Bank demonstrated that the poor have the ability to pull themselves out of poverty. Yunus also demonstrated that loans made to the working poor, if properly structured, had very high repayment rates. His work caught the attention of both social engineers and profit-seeking investors

  1.  Why are we an  Introducing Broker (IB)?

There are 5 main reasons why we act as a IB

  1.  Who provide the Brokerage Services?

All the ForexNation brokerage services are delivered directly by Key To Markets, regulated broker by FCA and the FMA.

  1.  Is the account segregated?

All the account are segregated.

  1. Is my money sent to Forex Nation or to Key To markets?

Your money will be hold in a secure Top Bank Account, with the security of Key To Markets.

  1. Which is the Minimum Deposit?

The minimum deposit is 100 $

  1. What kind of platform is provided?

With its intuitive and user-friendly MT4 ECN platform, we are able to offer a powerful trading tool together with professional and effective customer service, ready to help the client to get the most out of our trading software.

  1. What Leverage do you provide?

The Maximum leverage is 1:500

  1. What are your typical spreads?

We offer very competitive level of spreads that could be as low as  0.0 pips on all currency pairs. Spreads vary according to market conditions. The average spread on the EUR/USD pair is 0.3 pips, for other pairs feel free to download a demo of our trading platform.

  1. Why  having  IDs (identification documents) are  important?

Identification documents (ID) are extremely important because all trading activity is strictly regulated by the FCA, the Financial Conduct Authority in the UK. Also, the international anti-money laundering (AML) directives assure total transparency of the procedures; in fact, all the processes concerning the account opening are under surveillance.

  1.  Do rollover rates and policies vary from broker to broker?

The rollover (swap) is the price a trader has to pay in order to maintain a position opened overnight. It can be a cost or a profit, depending on the value of the swap.In particular, this value is fixed and is chosen by central banks. However, some brokers can apply little changes to the values of the swaps but, at the end, the final value will fluctuate between a determined range of values.

  1. Can I lose more money than I have deposited?

It is rarely possible to lose more money than you have deposited because you dispose of automatic systems ready to avoid that situation. If you have few money remaining on your account, basically it is impossible to open a new position due to the margin call. However the risk still exist.

  1. What  is the Level of the Margin Call?

You will have a margin call when your total loss reach 120% of margin level.

  1.  When my trade go on Stop Out?

All your trade will be automatically closed when you run out of margin. The Stop Out  is at 100%.

  1.  Why my trade execution price doesn’t match with  the chart price?

The chart that we are used to see on the MetaTrader4 platform are instant images that change once every 0.3 seconds on average. If a trader open a position, then 0.3 seconds can represent a lot of time especially when hundreds of thousands of traders are operating at the same time.In some circumstances, we can have the impression that our order is not the one that appears in the platform, but this is not true. We always have to take into consideration the refresh time frame of the screen in order to avoid misunderstandings.

  1.  What does slippage stand for?

The difference between the expected price of a trade and the spot price is called slippage. This phenomenon occurs during a period of high volatility, especially when large market orders are made.This term is used in both Forex and stock trading

  1.  How orders are executed over the weekend?

The FX market is available for trading 24/5. During the weekend, Forex closes at 5pm on Friday and opens at 5:15pm on Sunday (New York time). During this time, called maintenance period, traders cannot log-in and trade. The reason is that negotiations go through banks and institutions that are closed during the weekend.

  1. What  does rollover stand for?

Generally, traders decide to open and close many positions during the day in order to gain the maximum profit in a short time.  However,  if they decide to hold a position overnight, then each account is credited or debited at an interest charge calculated on the full size (notional value) of the trader’s’ position. This particular type of interest is called rollover fee or overnight swap and it is automatically calculated normally between 10pm and 3 am (London time zone) .It is important to highlight that the word “swap” in this particular case must not be confused with the well known financial term of Swap as derivative contract, although the use of the same word correctly suggest a cash flow exchange between two counterparties.

  1.  What happen if my documents to open an account ar not in English?

Generally, there is not problem at all since our international team works with customers from all over the world and the procedure to open accounts complies with the international AML/KYC standards. For further details please do not hesitate to contact us.

  1.  Are there any fees to open an MT4 (MetaTrader4) account?

No. Opening an account (real or demo) is absolutely free of charge. When you open an account for the first time, the balance will be zero. In order to operate on the FX market, you will need first to make a deposit (either via bank wire or e-wallet or credit card) .

  1.  How do I withdraw funds from my trading account?

In order to withdraw money from your  trading account you will fill the relative form available on our website on the page. Go into “Accounts  Withdrawal” and then click on “Withdrawal form”.

  1.  Are there fees for withdrawals?

Depending on several factors (e.g.: your bank location, the frequency and the size of your withdrawals) the transfer could be completed free of charge or debited up to $15. 

  1.  How do I deposit funds?

On the “Deposit funds” page of our website (Accounts —> Deposit funds)  where you can find detailed information about how to deposit money on your trading account. There are three possible ways:

  1. Via Bank Wire
  2. Via Neteller
  3. Via SKRILL

The first method is free of charge, only check the fees charged by your own bank for wire transfers.If customers want, to deposit funds via Neteller, they will need  to top up your Neteller account. You can use different payment methods such as Visa, MasterCard, Postepay, WebMoney, Sofort, Paysafecard, Neosurf, Giropay. Another way of deposing money is via credit card  though the Safecharge/G2S (our payment processor).Depending on where you are resident, you can use different payment methods as the ones mentioned before. Please note that you will be charged a fee for those kind of payments.