Read below to see why so many people are switching from traditional FOREX FCMs to Us. The difference is clear.
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Traditional FOREX FCM |
Universal Account
We do not differentiate between mini and standard accounts. We offer a universal account with 100:1 margin that can be opened with just $400. You can place orders of any size, as low as 0.1 lot (0.1 lot = $1,000). |
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Multiple Accounts
Most firms force you to decide between either a mini or standard account. Each account type has different margin rates and mini trading is not permitted in standard accounts. |
No Deal Desk
We do not operate a deal desk or trade against your orders. We utilize Straight Through Processing (STP), sending your orders to various qualified destinations and eliminating the potential for a markup. |
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Deal Desk
Traditional Forex FCMs use a deal desk, which we feel is not in your best interests. Deal desks can trade against your orders which may not result in the best possible execution. |
Trading Never Restricted
Trading is never restricted due to volatile markets. |
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Trading Sometimes Restricted
The ability to enter orders is sometimes restricted in volatile markets. |
No Trading Style Discouraged
All trading styles are encouraged, including scalping! The trading style you choose is your decision and we will not interfere. |
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Scalping Discouraged
Accounts that have a pattern of scalping may be re-categorized, adding restrictions that potentially make order executions more difficult. |
No Fixed Spreads
We openly display our inter-bank data feeds and low commission rate, resulting in the best available quote with tight spreads and combined low transaction costs. |
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Fixed Spreads
Fixed spreads are a way for FCMs to markup or markdown the best bid or offer. FCMs do this to build their fee into the price of the currency pair instead of displaying their true best quote. |
No Restrictions on Stop Orders
Place tighter stop and trailing stop orders because there are no minimum pip requirements. Orders can be entered as low as 1 pip, which can help improve your overall performance. |
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Restrictions on Stop Orders
You may be required to enter trailing stop orders at least 10 pips under the current market (5 pips for a regular stop), which can increase the possibility of sustaining a loss. |
Due to the high degree of leverage used in forex trading, investors should only use risk capital because there is always the risk of substantial loss. Forex trading may not be appropriate for all investors. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
