Clients from most countries in the world benefit from a multi-currency account at MEXEM. Such accounts can hold numerous cash balances at the same time. To open a position in a security that is denominated or settled in a currency you do not obtain, clients with a cash account will have to convert enough funds to the denominated/settled currency to cover the cost of the trade. However, in a margin account clients can either (a) convert enough cash to cover the cost of the position in the denominated/settled currency or (b) open the position without converting currency and MEXEM will extend a margin loan to cover the cost of the trade (please note that for option (b) when the position is closed the margin loan will close as well but the gain/loss on the position will remain in the denominated/settled currency).
All investments involve risks, including the possible loss of capital.
www.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
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Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.