Commission: Zero commission*.
Spread: 3 pips in EUR/USD, 3 pips in USD/JPY, 4 pips in GBP/USD, 5 pips in USD/CHF.
Flexi-Leverage: From 50:1 (2%) to 400:1 (.25%).
Margin Requirement: The initial margin will be 1% of the notional dollar value of transactions for the major currencies
Professional Forex Charts and Market Research: Free.
Our flexi contract allows you to choose a contract size which best suits your own individual currency trading style.
The table below shows an example of the margin required for each contract size in the major currency pairs based on spot rates of 1.2100 for EUR/USD and 1.7220 for GBP/USD. Margin required is subject to change in market rate. In a live account, the margin required for each non-dollar based currency pair will be converted to U.S. Dollars, in real-time, at the prevailing market price for that pair.
|required margin for selected currency pair||1,000 units/lot||5,000 units/lot||10,000 units/lot||50,000 units/lot||100,000 units/lot|
Once the equity in an account falls below the required margin, then all open trades will be closed at the prevailing market rate.
Self-trading in the currency markets is at best a difficult proposition. To be successful a currency trader must follow market movements 24 hours a day, six days a week. Many forex investors do not have the time, experience or desire to trade with this intensity themselves. Forex Managed Accounts were created for investors with risk capital who do not necessarily want to trade on their own. In a Forex Managed Account the positions belong to your portfolio alone. Unlike mutual funds or hedge funds which commingle your funds with other investors, a Forex Managed Account is in your name and all or part of your funds can be redeemed within one day. There is no lock up period. The managed account only holds your positions and allows you to follow a cost-basis for each of the currencies in your account. Based on your long-term goals, risk tolerance and time horizon, you can select a MVP Global Forex currency professional with your trading outlook to actively manage your portfolio. Whether you’re interested in a conservative or aggressive program, you will find the trader who will suit your risk parameters.