[CONTEST CLOSED] [Master the Market with FOREX.com] Quiz 2

Answer questions and stand a chance to win a Bose Quietcomfort Headphones (worth S$599), Apple Airtag (worth S$150) & MORE!

Q1: What is the spot rate in the foreign exchange market?

The exchange rate for immediate delivery of currencies
The exchange rate agreed today for delivery at a future date
The average exchange rate over a 30-day period
The exchange rate used for currency options contracts

Q2: Which of the following is a major currency pair?

EUR/USD
USD/TRY
ZAR/JPY
MXN/CAD

Q3: In CFD trading, if a trader opens a position to buy EUR/USD, they are:

Long USD and short EUR
Long EUR and short USD
Short EUR and long USD
Not exposed to currency risk

Q4: What is the lowest possible spread on EUR/USD offered by FOREX.com under certain conditions?

Q5: Trading forex always guarantees profit if you use leverage.

Q6: Open-Ended Question -

What are 2 key characteristics you look out for when choosing a CFD broker?

Seedly will choose the winners based on:

i. highest number of correct answers on the multiple-choice questions; and

ii. most relevant, well-explained, and factually accurate responses as winning entries

Good luck! ✨

For more info on the prizes and terms & conditions, visit here: https://bit.ly/3GxcnC3

FOREX.com

Discussion (16)

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Robert Tieng Shiaw Wee

Edited 18 Jul 2025

Q1: 1. The exchange rate for immediate delivery of currencies

Q2: 1. EUR/USD

Q3: 2. Long EUR and short USD

Q4: 4. 0.0

Q5: 2. No

Q6: 2 Key Characteristics that I look out for:

a) Strong Regulatory Compliance and Fund Security

In today’s volatile financial landscape, trust is a key differentiator. Top-performing CFD brokers operate under the supervision of tier-1 regulators such as the FCA (UK), ASIC (Australia), or MAS (Singapore). Regulatory compliance not only ensures ethical conduct and transparency—it protects traders’ capital through mechanisms like segregated client accounts and investor compensation schemes. These safeguards are critical for attracting and retaining users in a market where confidence is everything.

b) Transparent, Trader-Centric Conditions

Trading conditions are where user experience meets profitability. Competitive spreads, low commissions, and flexible leverage options empower both retail and professional traders to execute strategies efficiently. More importantly, fast execution speeds, minimal slippage, and risk-management features like negative balance protection and guaranteed stop-losses are not just perks—they are necessities in high-stakes, real-time trading environments. These features build loyalty, reduce churn, and drive platform growth.

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03 Aug 2025

Hello seedly. is nobody handling the email account? been sending emails regarding points expiring for no reasons despite not yet expired but have not receive any replies for months.

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