
Frequently asked questions and answers:
First, you need to register on Cressetdef. Verify your identity, and put deposit on your account with crypto currency or fiat money. Then you can choose Trading Account and/or Managed Account.
Send us an email with any questions or concerns to suport@cressetdef.com
Cressetdef does not take any fees on deposits, but there is a possibility that your bank/intermediate may charge.
Note: Crypto deposits have blockchain fees that are paid by the sender.
Forex and ‘FX’ are shortened terms used for ‘foreign exchange‘. Foreign exchange or ‘currency trading’ is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.
A market conducted directly between dealers and principals via a telephone and computer network rather than a regulated exchange trading floor. OTC trading with Cressetdef® means that you trade currencies with the aim to earn a profit, though you can lose as well. You don’t actually take delivery of these currencies.
Forex Instruments are the products or ways of trading in foreign exchange. Cressetdef® offers Day Trading and Limit Orders.
Yes, we advise all our clients that foreign exchange trading does involve substantial amount of risk. With Cressetdef® you cannot lose more than your ‘margin’, the money you are prepared to risk plus the daily rolling fee if you have entered a Day Trade transaction. However, risk only what you can afford.
Swaps are a feature unique to the foreign exchange market. When holding a position overnight (5 PM Eastern Standard Time), interest is either accrued or gained for each trade or order held in your account.
To understand swaps, think about going to the bank for a loan. There will be an interest payment to borrow money which is the same idea when trading forex. By entering a trade, you are “borrowing” funds to finance the generous leverage offered by Cressetdef®. As such interest is either to be paid or accrued.
A limit order is where you nominate a rate at which you want to open a deal. When and if this rate occurs in the market, your ‘reserved’ deal is automatically opened. Once the deal is opened it is treated like a Day Trade with the details appearing in My Account. Cressetdef® does not charge for this service. This saves you watching the market every minute to see whether the rate you want hits.
Cressetdef® offers all major currency pairs for trading, including exotic currencies.
In the Funding section on the website, you can see all the deposit options like Credit Card, Wire Transfer or Crypto Wallet transfer.
You will find the option to withdrawal in “My Account” on the website. To withdraw money, you must have completed the required documentation for KYC. A withdrawal to a bank account where initial deposits have been performed will be executed back to bank account at company’s discretion, policies, and with regard to Anti Money Laundering (AML) regulations.
Please send an e-mail to customer support at support@cressetdef.com with details of the problem.
FAQ
First, you need to register on Cressetdef. Verify your identity, and put deposit on your account with crypto currency or fiat money. Then you can choose Trading Account and/or Managed Account.
Send us an email with any questions or concerns to suport@cressetdef.com
Cressetdef does not take any fees on deposits, but there is a possibility that your bank/intermediate may charge.
Note: Crypto deposits have blockchain fees that are paid by the sender.
Forex and ‘FX’ are shortened terms used for ‘foreign exchange‘. Foreign exchange or ‘currency trading’ is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.