Leading the way in ECN Forex trading, unlike traditional spread-trading platforms, FXCBS operates an ECN (Electronic Communication Network) where customers can trade on prices streamed by multiple large banks and other organizations and clients; at FXCBS we ensure that all market participants are given an equal access and fair trading environment to best prices best spreads and fastest executions.
Finally a traders dream came through with direct access to the liquidity and prices of the world largest money center banks, and to our state-of-the-art trading platform that will allow you to trade at the best prices and tightest spreads available in the forex market
Inter banks prices and spreads.
Spreads as low as 1/10 of a pip on all majors.
No dealing desk.
No re-quotes.
No conflict of interest, we don’t take the other side of the trade.
Straight through processing with banks liquidity.
Complete anonymous trading environment.
All trading styles are welcome (no restrictions).
2 state of the art platforms to choose from.
API connections to any 3rd party system.
Full hedging capability.
Free charts and news.
24/5 customer support.
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| Aggregated Foreign Exchange |
As an aggregation Forex system and trading platform designed for the institutional and professional spot forex traders, FXCBS connects into 40-50 major liquidity providers which consist of several major FX portals(ECNs), top tier FX banks and various hedge funds and proprietary trading groups. By aggregating these FX liquidity providers, FXCBS, provides the institutional and professional FX traders with the best bid/offer, increased liquidity through aggregation and top-tier price discovery.
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| ECN Model vs. Fixed Spread Broker Trading |
Table below explains the main differences between an ECN and a traditional broker trading.
|
ECN Trading Model |
Fixed Spread Broker Platform |
Explanation |
|
ANONYMITY
|
YES |
NO |
On dealer platform, the dealer knows when he can use information on your position, trading style and tactics to his advantage. |
|
CLIENT-TO-CLIENT TRADING
|
YES |
NO |
On the FXCBS ECN, you can trade instantly on prices streamed by leading FX banks as well as prices entered by other clients. |
| PRICE IMPROVEMENT |
YES |
NO |
Dealer and other platforms do not enable clients to enter bid/offers, at, outside or inside the prevailing best bid/offer price and enable clients to deal on other client-entered prices. |
| RE-QUOTES |
NO |
YES |
Re-quotes are common in traditional spread trading. FXCBS does not re-quote. The platform’s technology and strict price/time dealing protocol are designed to fill your trade at the market price instantly. |
| DEPTH OF MARKET DISPLAY |
YES |
NO |
Dealer platforms do not display the available liquidity in the market. FXCBS shows available volume at best bid and offer. |
| CONFLICT OF INTEREST |
NO |
YES |
FXCBS doesn’t take positions against its clients at all. |
| TRADING DURING ECONOMIC RELEASES |
YES |
DEPENDENT ON BROKER |
FXCBS allows all clients regardless of trade size to trade and put in new orders during key economic releases. During these releases, and at times of unusual market volatility, bid/offer spreads are wider than those available during ‘normal’ market conditions. |
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At FXCBS, all trading activities are done only through our ECN using FXCBS-MetaTrader.
As an account holder, you will have access to our ECN (Electronic Communication Network) where you can trade on Inter-bank prices streamed from our liquidity providers directly to your MetaTrader Client Terminal.
Below please find the trading conditions and features:
| Main Features |
Description |
| Spread |
Variable |
Inter-bank spread (As low as 0.1 Pip) |
| Hedging capability |
Yes |
You can hedge your positions, but be aware that your account equity must meet the margin requirements to be able to close one or more of the hedged positions. |
| Minimum transaction size |
0.1 Lot |
10,000 of the base currency. |
| Dealing Desk |
No |
All trades are executed in the Inter-bank market using STP(Straight-Through-Processing) |
| Automated Trading |
Yes |
You may apply your own trading strategy using Expert Advisor, or use one of our advanced high-performance strategies. |
| Scalping allowed |
Yes |
You also may place orders 1 pip away from the market price. |
| Free Trading Signals |
Yes |
Our institutional clients have access to trading signals for all instruments. |
| Trading Platform |
FXCBS MetaTrader4 or FXCBS Central Station |
| Re-quotes |
No |
| Minimum Deposit |
3,000$ |
| Leverage |
100:1 |
| Regular Margin Requirments |
1% of the base currency (For example: The margin required to buy 1 lot of EURUSD (EUR100,000) at 1.35000, is EUR1000.00, which is equivalent to USD 1,350.00 at the rate of 1.35000). |
| Weekend Margin Requirments |
The weekends Margin required on Fridays are 2% of base currency, which is double the margin on other weekdays. And in case an account goes below this level, we will hedge the amount of positions that is sufficient to meet the margin requirements of 2% of base currency. |
| Margin Call Level |
100 % |
| Stop-Out level |
25 % (Due to current high market volatility) |
| Commission |
FXCBS charges a commission fee of USD 8.00/Standard Lot (round turn), and it is included in the commission charged by your IB, if you work through one of our IB's. |
| Overnight Positions |
Overnight positions will be charged Rollover Swaps according to the inter-bank rates. Islamic accounts will be available soon, and we will announce them for Islamic countries' clients on time. |
| Execution Type |
The execution type is "By Market", i.e. your orders will be executed at the Market Price at the moment they reach the trading server, and that is not necessarily the exact same price you requested. We don't guarantee the execution of pending orders, since the execution type is By Market and there must be enough liquidity to fill your orders at your price. |
| Free charts and news |
Yes |
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Normal Swaps and Weekend Swaps
Normally, swaps are charged for rolling over your open position to the next day, in order to keep it open and not settle it or close it. In the Forex Inter-bank Market, there is an actual delivery date and that should take place two days after you buy or sell a currency, because banks do have fiscal money Forex and they have to deliver those trades between each others. But in the retail electronic side of Forex Trading, there is no delivery, there is a "roll over". And by doing so when you have (margined) trades, you have to pay interest. Wednesday overnight is considered to be the weekend for the inter-bank Forex Market, because the delivery can not take place on Saturday or Sunday, so you have to pay interest for those two weekend days on top of the normal next day rollover.
You can read more about Roll-over Swaps in the Forex Market on the link below:
http://en.wikipedia.org/wiki/Forex_swap
| Currency Pair |
Long Positions Swap (USD) |
Short Positions Swap (USD) |
| AUD/CAD |
+3.5 |
-9.5 |
| AUD/JPY |
+3 |
-10.6 |
| AUD/NZD |
-3.9 |
-3.3 |
| AUD/USD |
-9.3 |
+3.0 |
| CAD/JPY |
-2 |
-4 |
| CHF/JPY |
-2.6 |
-2.4 |
| EUR/AUD |
-15.2 |
+6 |
| EUR/CAD |
-2.7 |
-3.7 |
| EUR/CHF |
-1.8 |
-4.7 |
| EUR/GBP |
-4.9 |
-3.9 |
| EUR/JPY |
-3.7 |
-1.6 |
| EUR/USD |
-2.5 |
-3 |
| GBP/AUD |
-15.9 |
+6.5 |
| GBP/CAD |
-2.9 |
-3.9 |
| GBP/CHF |
-1.9 |
-5.4 |
| GBP/JPY |
-1.9 |
-6.2 |
| GBP/USD |
-1.9 |
-3.5 |
| NZD/JPY |
+2 |
-9.4 |
| NZD/USD |
-8.2 |
+2.2 |
| USD/CAD |
-2.9 |
-2.5 |
| USD/CHF |
-1.9 |
-3.2 |
| USD/JPY |
-2 |
-3.9 |
Islamic Accounts
Islamic accounts are offered for clients in the Islamic countries in compliance to Sharia.
However, as there is no way to avoid the Roll-over Swaps in the Inter-bank Market, Islamic accounts will be charged a flat rate of USD 10.00 per standard lot for overnight open positions as storage fees deducted from the trading account balance starting from the first day.
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