|The Trading Desk is open 24 hours daily from 17:00 ET Sunday through 17:00 ET on Friday.|
|Currency Pairs, CFD's, and Other Tradable Instruments||Top|
|24-hour trading on the MT4 Platform is currently available in 24 currency pairs and crosses, as well as spot metals (Gold and Silver) and spot trading in energies (Crude Oil, Gasoline, Heating Oil, and Natural Gas) and other commodities, such as: Wheat, Corn, Soybean, Sugar, Coffee, and Cotton. You can also trade indices in spot form (S&P500, Nasdaq Composite, and the Dow), as well as stocks of popular companies like Facebook. You can request a demo and see all the available instruments you can trade.|
|Normal dealing spreads can go even lower than 1 pip depending on market liquidity.|
|No Fees and Commissions are charged to customers who trade on the regular fixed spread or variable spread feeds. The ECN Premiere fee carries a $10 round turn commission per standard lot of 100,000 units of the underlying or base currency.|
|Minimum transaction size is 1,000 units of the base currency (that is, a micro lot). Customers can also trade mini lots (10,000 base currency units) or standard lots (100,000 base currency units) all in the same account. Minimum account size is US$250.|
|Clients have the ability to execute trades directly from real time streaming bid/ask quotes. Live prices are continuously published to clients via the trading platform MT4, and traders can at any time click on the current bid or offer and instantaneously execute a trade under normal market conditions. Prices are updated automatically as market conditions dictate. More importantly, we publish the same prices to the all our clients, which allows any client to deal on the available price for any given currency pair.|
|Trading over the Internet||Top|
|Executing a trade via the Internet is a simple two-step process. Simply enter the number of lots and then click on the bid (buy) or offer (sell) for the currency pair you wish to trade – your deal is automatically executed. The MetaTrader software automatically calculates the initial margin requirement based upon the notional amount of the deal, and if sufficient funds are available in your account, will accept the transaction. Deals are confirmed normally within one second, and the system instantaneously updates both your open position and calculates your current P&L.|
|The Dealing Platform provides sophisticated order entry and tracking. Orders may be entered at any rate using the following orders types:|
Orders remain open until they are triggered or cancelled.
The Initial Margin Requirement is 0.2%.
If you do not have adequate funds available to enter a new position, you will receive an "insufficient margin funds" message when attempting to deal.
If the Unrealized P&L of your net total open position falls below your account balance, your trading account is under margined and all your open positions may be liquidated. To avoid liquidation of your positions, do not use your entire account balance as margin for open positions. Instead, leave enough funds in your account to withstand a market movement against your open positions. We suggest you always use stop loss orders to limit your downside risk when trading.
Please contact us if you wish at any time to use a lower degree of leverage or otherwise adjust the margin settings in your account.
A rollover is the simultaneous closing of an open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the interest rate differential between the two currencies.
All open positions are automatically rolled over to the next day's value date following the close of NY trading at 1700 ET.
Clients have the opportunity to earn interest on rollovers, depending on the direction of their positions and interest rate differential between the two currencies involved. For example, US interest rates are higher than Japan's, so if a trader is long USD/JPY (i.e. holding dollars), they will earn interest on the roll. Conversely, if a trader is short USD/JPY (i.e. holding yen) they will pay interest on the rollover.
The spot forex market is traded on a two-day value date. For example, for trades executed on Monday, the value date is Wednesday. However, if a position is opened on Monday and held overnight (remains open after 1700 ET), the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest. Trades with a value date that falls on a holiday will also incur or earn additional interest.
|Deals are confirmed on screen, typically within one second. Full transaction details may be accessed on screen as well in the "Account History" tab of the MT4 platform, including date, time, rate, notional amount bought and sold, and reference number.|
|The MT4 platform tracks all trading activity in real time, allowing clients to view current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details directly on-screen.|
To sign up for a live 60-day free simulator of our trading platform, click on this link…