Frequently Asked Questions About Forex Trading

In this section, you can find the answers to the most frequently asked questions. We hope that the information below will be useful and save you time. If you don’t find what you are looking for here get in touch!
Take a look at our list of the Forex Trading Terminology associated with trading and the markets.

Demo account

The demo account allows trading without investing real money. By trading in a demo account, the trader can try his capabilities, test different strategies and get used to the functionality of the platform. The demo account gives access to the real market and prices for all instruments are in real time.

The demo account in FOREX359 is for a period of 30 calendar days. You yourself can choose the account currency, the virtual amount from 5000 to 5 million (EUR or USD) and leverage from 1:1 to 1:100.

Once you sign up for the demo account of FOREX359, you can trade with virtual sums from 5000 to 5 million (EUR or USD) within 30 calendar days.

In case your demo account runs out of money it is necessary for you to contact our support team to fund your account with the desired amount of virtual money.
Demo account is active for 30 calendar days and cannot be extended. You must request a new demo account by contacting our support team.

Live account

There is no required minimum deposit in order for you to open a real trading account in FOREX359.

No, it is not necessary. You can open live account entirely online once you sign up for FOREX359 demo account.

ELANA Trading is one of the oldest Bulgarian licensed brokers on the international financial markets, having over 20 years experience in providing quality and fair services to their clients. Its activity is regulated by the Financial Supervision Commission and the company complies with all legal and regulated practices in financial services. By law, the deposits of our customers are held in a segregated accounts for which ELANA Trading cares, but it has no right to dispose of the funds without the decision of their clients. The company is a member of Investor Compensation Fund Bulgaria and its customers receive the protection provided by this fund.

ELANA Trading is a licensed administrator of personal data under Bulgarian law. All data and copies of documents that you provide, including a copy of your ID card is kept as a confidential information and is used only for identification in accordance with Regulation 38 of FIMA.