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At Forex Capital Management, we work hard to support our Mini Account traders. Following are important details about how trading a Mini Account works.
Hours:
Trading support is available at any hours between Sunday 5:00 PM Eastern Time and Friday 4:00 PM Eastern Time.
Order Specifics:
Quotations, Orders and Confirmations are provided only through the Internet. Only Market, Entry, Limit and Stop-Loss orders can be processed through the Mini Account.
Trades are executed in lots of 10,000 base currency.
- Australian Dollar / Canadian Dollar (10,000 Australian Dollars)
- Australian Dollar / Japanese Yen (10,000 Australian Dollars)
- Australian Dollar / U.S. Dollar (10,000 Australian Dollars)
- Euro / Australian Dollar (10,000 Euros)
- Euro / Canadian Dollar (10,000 Euros)
- Euro/ Great Britain Pound (10,000 Euros)
- Euro/ Japanese Yen (10,000 Euros)
- Euro / Swiss Franc (10,000 Euros)
- Euro/ U.S. Dollar (10,000 Euros)
- Great Britain Pound/ Japanese Yen (10,000 Great Britain Pounds)
- Great Britain Pound/ Swiss Franc (10,000 Great Britain Pounds)
- Great Britain Pound/ U.S. Dollar (10,000 Great Britain Pounds)
- New Zealand Dollar / U.S. Dollar (10,000 New Zealand Dollars)
- Swiss Franc / Japanese Yen (10,000 Swiss Francs)
- U.S. Dollar / Canadian Dollar (10,000 U.S. Dollars)
- U.S. Dollar/ Japanese Yen (10,000 U.S. Dollars)
- U.S. Dollar/ Swiss Franc (10,000 U.S. Dollars)
Margin:
The Forex Capital Management Mini Account enables highly leveraged international currency trading. Clients select the degree of leverage (gearing) that is appropriate. Unless otherwise specified, the Mini Account is set at the minimum level available, according to account size. In the Mini Account there is a minimum of US$50 in equity per open lot (200 to 1 leverage.) The total equity in the account is the value of funds adjusted in real time for floating positions.
If your Mini Account exceeds its maximum allowable leverage, all open positions, regardless of their nature, will be closed to prevent further losses. Please remember that as a trader you must actively monitor your accounts – you will not be notified that this margin call is about to be made.
Rollover and Interest Policies:
In the spot market for foreign exchange, all trades are settled in two business days. If a trader sells 20,000 Yen on Wednesday, the trader must deliver 20,000 Yen on Friday, unless the position is rolled over. As a service to our traders, if a position remains open past the 5:00 PM Eastern Time settlement time, the position is rolled over to the next settlement date at 5:00 PM Eastern Time. There is a US$1 charge per lot for this service.
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