Client Gateway is a user-friendly web interface for clients to view accounts and place orders. It offers real-time account information, basic analytics, watchlists, and option chains for quick trades. Ideal for less active traders and financial advisors, it also allows easy access to Portfolio Analyst and other web tools. Key account metrics and portfolio performance can be viewed on the home page. You can access it from the Login button on our site or from its dedicated page. Learn more via Traders' Academy courses or the Client Gateway Users' Guide.
Read MoreIf you want to cancel your MEXEM-provided LEI renewal, submit a request in the Message Center within Account Management two weeks prior to renewal. Remember, some exchanges need an active LEI to accept orders. Review and close positions before cancelling your LEI. More details can be found in the LEI requirements section.
Read MoreThe Insured Bank Deposit Sweep Program allocates your cash across multiple FDIC-insured banks for full protection. A $750,000 deposit is split: $250,000 held at MEXEM, $500,000 spread across three banks. This system allows coverage up to $2,750,000 ($5,250,000 joint accounts). More details on MEXEM's website.
Read MoreSelling stock short with MEXEM involves borrowing shares for delivery to the purchaser. The cost to borrow depends on supply and demand. MEXEM offers tools to estimate this cost, like the Shortable column and the SLB Rates tool in TWS. These rates fluctuate daily and are finalized at day's end. More information about calculating borrowing costs can be found on our website.
Read MoreIf you lose your phone, follow the MEXEM Knowledge Base steps to migrate Mobile Authentication (IB Key) to a new device. For other issues, request temporary access by contacting MEXEM Client Services (Secure Login department). Contact information is available on the MEXEM website.
Read MoreThere is no TWS login fee. MEXEM does not charge for any of our trading platforms or the various tools included.For additional information on Other Fees and Required Minimum Activity, please visit the MEXEM website.
Read MoreNon-US applicants will be asked to submit a Form W8, indicating their tax country. If it's not the US, they aren't liable for US taxes on trading profits. However, most countries withhold taxes on dividends paid to non-residents, typically at 30%, which can be less if a tax treaty exists.
Read MoreNew accounts automatically get a paper trading account. If you don't have one, log into Client Portal/Account Management, go to Settings > Account Settings and click the gear icon next to 'Paper Trading Account' to create one. Requests received by 4:00 PM EST are processed the next business day. You'll be emailed when it's ready. Refer to our User's Guide for more information.
Read MoreMEXEM offers competitive Forex commissions starting at 0.20 basis point * trade value, with a $2.00 minimum per order. Commissions are estimated based on the second currency, then converted to the account's base currency. More info is on our Forex Pricing Structure webpage.
Read MoreStandard settlement period for most currencies is 2 business days (Trade Date plus two business days: T+2), with some pairs such as USD.CAD settling the next business day (Trade Date plus one business days: T+1).In order for a date to be a valid settlement date for a Forex transaction, the central banks for both currencies must be open for settlements. If either currency htlement date, sas a ‘holiday' on the target setettlement is deferred until the next valid business day for both currencies...
Read MoreThe article provides insights on how to select stocks and essential factors to consider during the process. It emphasizes the importance of understanding stock market basics and delves into assessing a company's financial health, industry trends, and management quality. Common mistakes, like emotional investing and neglecting research, are highlighted for caution. Additionally, various tools for stock analysis are discussed, concluding with the essence of making informed investment decisions.
Emotional trading is driven by feelings rather than objective analysis, leading to potential losses. Factors like fear, panic selling, and overconfidence often influence such decisions. To combat this, investors need a solid trading plan, market education, and guidance from experienced mentors.
Timing is pivotal in stock trading, with market sessions, corporate announcements, and global events influencing optimal trade moments. The busiest periods often coincide with the opening and closing bells of stock markets, as traders react to news and position themselves. A trader's personal schedule and peak performance times also play a crucial role in determining success. Understanding these factors and aligning strategies can maximize a trader's potential in the stock market.