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| Datafeed | ECN2 | CNXa | CNXb | CNXc† | CNXd | Inta | LMAx† | |
| Technology | ECN2 Technologies | Currenex | Currenex | Currenex | Currenex | Integral | LMAX MTF |
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| Product Type | Multiple ECNs Aggregation | Forex ECN | Forex ECN | Forex ECN | Forex ECN | Forex ECN | Forex ECN | |
| Leverage | 50:1 | 50:1 200:1(1) |
50:1 | 100:1(1) | 50:1 | 50:1 | 100:1(1) | |
| Aggressive Orders | YES(2) | NO | NO | NO | NO | NO | YES(2) | |
| Min. Ticket Size | 100,000 BCU |
10,000 BCU |
10,000 BCU |
10,000 BCU |
100,000 BCU |
100,000 BCU |
10,000(3) BCU |
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| Last Look Provision | YES | YES | YES | YES | YES | YES | NO | |
| Trading Hours(4) | SUN 5.00 PM FRI 5.00 PM |
SUN 5.00 PM FRI 4.00 PM |
SUN 5.00 PM FRI 5.00 PM |
SUN 5.00 PM FRI 5.00 PM |
SUN 5.00 PM FRI 5.00 PM |
SUN 5.00 PM FRI 5.00 PM |
SUN 5.00 PM FRI 5.00 PM |
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| Hedging/FIFO | FIFO | FIFO | FIFO | FIFO | FIFO | FIFO | FIFO | |
| Pairs Available | click here | click here | click here | click here | click here | click here | click here | |
| Statistics |
Note:
(1) : Leverage higher than 50:1 applies to non US accounts only. US customer qualifying as "ECP" under the "CEA" are not subject to leverage restriction.
(2) : Aggressive Orders allow customers to act both as liquidity makers and takers. The counterpart of the trades can be a liquidity provider or another trader in the book.
(3) : Allow microlots increments over 10,000 BCUs. For Example, you can trade 17,000 BCUs ( 1 mini and 7 micro lots).
(4) : All times are EST (New York Local Time). Please note LMAx trading halts for 5 minutes daily between 5.00 PM and 5.05 PM (EST).
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| Datafeed | ECN2 | CNXa | CNXb | CNXc† | CNXd | Inta | LMAx† | |
| Minimum Account | $250,000 | $/€2,500 | $2,500 | $/€/£2,500 | $100,000 | $100,000 | $/€/£$2,500 | |
| Commissions(1) | Contact US | 2.9/lot | 2.9/lot | 2.9/lot | Contact US | Contact US | 2.5/lot(2) | |
| Account Currency | USD | USD/JPY/EUR | USD | USD/EUR/GBP/ JPY/CHF |
USD | USD | USD/EUR/GBP | |
| Sharia Account | YES(3) | NO | NO | NO | NO | NO | NO | |
| US CUSTOMERS | YES | YES | YES | NO | YES | YES | NO | |
| Other Restrictions(4) | YES | YES | YES | YES | YES | YES | YES | |
| Compliance Framework | NFA/CFTC | NFA/CFTC MFSA |
NFA/CFTC | FSA | NFA/CFTC | NFA/CFTC | FSA | |
| Account Segregation | YES | YES(5) | NO | YES | NO | NO | YES |
Note:
(1) : Commissions are charged per trade per full lot (100,000 BCU), in the Amount of the Base Currency, and converted in the account currency. Please note the commission samples below. Commission valid only for self directed accounts trading through PathFinder Trader™ Platform. Commission structure effective 01.01.2012.
(2) : For LMAX† a minimum Charge of 0.50 base currency is applied to all executed orders.
(3) : Sharia Account allowed with no Additional Charges (Additional Documentation Required)
(3) : Allow microlots increments over 10,000 BCUs. For Example, you can trade 17,000 BCUs ( 1 mini and 7 micro lots)
(4) : Other Country Restrictions might apply. Please contact our new accounts department prior to open your account.
(5) : Segregation Applies only for non US accounts opened through Malta
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Sample 1Assume you mantain your account in USD, and that you decide to go long and place a trade for 1 lot (100k BCU) on the EUR/USD. Your account will be consequently charged 2.90 of the base currency (EUR). This charge will be converted into Dollars into your account as follow.
Account Currency : USD |
Sample 2Assume you mantain your account in USD, and that you decide to go long and place a trade for 1 lot (100k BCU) on the USD/CHF. Your account will be consequently charged 2.90 of the base currency (USD). As the base currency is in USD there will not be conversion.
Account Currency : USD |
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Sample 3Assume you mantain your account in EUR, and that you decide to go long and place a trade for 1,25 lots (125k BCU) on LMAX† using the CHF/JPY. Your account will be consequently charged 2,50 of the base currency (CHF). This charge will be converted into Euro into your account as follow.
Account Currency : EUR |
Sample 4Assume you mantain your account in EUR, and that you decide to go long and place a trade for 1,00 lot (100k BCU) on CNXb using the EUR/GBP. Your account will be consequently charged 2.90 of the base currency (EUR). As the base currency is already EUR there will not be conversion.
Account Currency : EUR |
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| Datafeed | ECN2 | CNXa | CNXb | CNXc | CNXd | Inta | LMAx† | |
| Custodian Bank(s) | Harris Trust | JP Morgan Bank Of Valletta |
Bank of America | Barclays Plc | Harris Trust | Harris Trust | ING BANK Bank Of Scotl. |
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| Paypal Deposit | NO | YES | YES | YES | NO | NO | NO | |
| Credit Card Deposit | NO | YES | YES | YES | NO | NO | YES | |
| Direct Wire Deposit | YES | YES | YES | YES | YES | YES | YES | |
| Wire in Funds Fee | NONE | NONE | NONE | NONE | NONE | NONE | NONE | |
| Check Withdrawals(1) | YES | YES | YES | N/A | YES | YES | N/A | |
| Wire Out Fee | $ 30 | NONE(2) | $ 20 | N/A | $ 30 | $ 30 | NONE(2) | |
| CC/Paypal Fees | N/A | NONE(2) | NONE(2) | NONE(2) | N/A | N/A | N/A |
Note:
(1) : Check Withdrawals allowed only For US customers through US FDMs
(2) : Your banks, any intermediary bank, credit card, payment processor ot its intermediary may charge additional fees.
Frequently Asked Questions
We offer variable spreads because we feature access to Forex ECNs. As we understand that with variable spreads is difficult to have a benchmark, we have built a web page where you can check our Spreads statistics and averages for each Data Feed.
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You can see Rollover, or Swap, rates in PathFinder Trader™ by clicking on the symbols details within the Symbol Manager. We also display these rates for some of the Data Feeds on our Spreads Statistics page.
Please note that we offer Sharia accounts through selected Data Feeds with no costs or fees (no extra commission or cost over our regular conditions). However, keep in mind that these accounts are monitored for abuse.
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The Rollover, or Swaps, is the interest amount that would be credited or debited to your account depending on the currency pair and side (long or short). The rollover is applied to your account if you hold a position open past 4:59:59 p.m (New York); depending on the currency pair, positions size, and whether you are long or short, you would incur into either a credit or debit. The rate is calculated at exactly 5:00 p.m. however it may not be applied to your account right away. Technically, you could avoid this charge if you close your position by 4:59 p.m. and reopen it at 5:01 p.m. however keep in mind the spread and commission charge.
Please take special note that on Wednesdays at 5:00 p.m. the rollover rates is 3 times the normal rate. This is because it has to compensate for the Saturday and Sunday rates, when markets are closed.
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Normally Forex markets are open non-stop from Sunday 5:00 p.m. EST to Friday 4:59 p.m. EST, and are open during holidays. However, please note that Data Feed CNXa closes one hour earlier at 3:59 p.m. on Fridays, and Data Feed CNXc opens one hour later at 6:00 p.m. on Sunday.
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Normally there is no charge for calling in orders. The necessary order desk contact information are provided to you when you open the account, make sure to keep them handy.
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Based on current laws, for US clients we offer 50:1 leverage on the majors. For non-US clients we’re able to offer leverage up to 200:1 (on selected Data Feeds). Just keep in mind that leverage may work for you as well as against you, please use it wisely.
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Orders are filled based on market liquidity/availability, therefore execution price may vary and it may include split fills and partial fills. Split fills occur when your order can't be filled in its entirety at one single price or right away, rather it will be partially filled at one price and the remainder will be at the next available best price(s), based on availability/liquidity.
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Depending on the Data Feed, we offer over 50 different currency pairs. For a complete list please visit our Forex statistics page.
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On our PathFinder Trader™ the maximum order size depends on your available account equity and of course on market liquidity. We don't normally place any restrictions other than the regular margin rate.
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