The Prime Brokerage Account
One Account. Five FX ECN’s. True FX Liquidity.
Deposits & Collateral
- Margin Rates: FX, Precious Metals
- Letter of Credit/Bank Guarantee: – Price Markets permits client to utilise these when issued via an approved major bank.
- Cash Deposits: – USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD, TRY, ILS, MXN, SGD, DKK, NOK, SEK, ZAR, HUF.
- Government Bonds: – US Treasuries, UK Gilts and a selection of Sovereign Euro Bunds.
- Give Ups and Direct Credit Lines: Can be arranged via our prime brokers.
Tier 1 FX Liquidity. Tailored Technology Solutions.
Price Markets’ fully integrated FX prime brokerage service is able to meet with all types of institutional FX dealing requirements, including give up scenarios for direct credit clients via our prime brokers JP Morgan, Citi Group and Morgan Stanley.
- Trading via a central clearing counter-party
- Deep FX liquidity pool
- Superior technology and reliable performance
- Co-location/Proximity Hosting
- Minimization of market impact
- Built-in reporting capabilities
- Custom front-end integration
- Enabling access via third-party platforms
Our solid and long-established relationships with three tier 1 prime broker’s and specialist software vendors enable us to offer our clients access to the global inter-bank foreign exchange markets with extremely attractive and competitive brokerage rates.
- API access for Algo FX trading models
- Access to FIX Gateway or Java API
- Real-time post-trade capture
- Integrated third-party access
- Automatic platform updates with no intervention
- Efficient back-office solutions
- Front & back-end analytical & report automation
- Algorithmic FX trading capabilities
- Dedicated customer support
Institutional Trading Platforms & ECNs
Frequently Asked Questions
Are you regulated?
Yes, Price Markets is a trading name of London Capital Group Ltd which is authorised and regulated by the UK Financial Conduct Authority (FCA) and a member of the London Stock Exchange.
Our Registered Address is: 2nd floor, 6 Devonshire Square, London, EC2M 4AB.
Registered Number: 3218125.
How do I apply for a trading account?
Accounts are subject to status, but to apply for an account, please complete our online application form. This should take no more than 10 minutes. We then conduct an electronic check to confirm your identity and address. If we are unable to electronically confirm your identity and address, we will require documentation in order to activate your account. If this is the case or if we require any additional information, we will send you an email with details of what we require.
Please note that minimum deposit requirement for a Prime Brokerage Account is 20,000 USD and that the minimum deal size may vary between 40,000 USD and 1M USD on different platforms.
What are the costs of trading with Price Markets?
Transaction costs on any trade may include:
Swap charge or credit on each rollover based on the LIBOR/LIBID interest rates of the two traded currencies with a mark-up/mark-down from 1%.
Commissions are agreeable on a client by client basis, dependant on monthly trading volume levels, commissions can be negotiated. Please contact Price Markets for further information.
What type of customers will most benefit from a Prime Brokerage account with Price Markets?
The Prime Brokerage account is for Institutions, hedge funds and high-volume professional traders trading currency for delivery with a Prime Broker. We are integrated with every Prime Broker in the FX industry, allowing our clients to quickly get trading.
Is there a minimum account size required to trade on the Price Prime Brokerage Account?
Minimum deposit requirement for a Prime Brokerage Account is 20,000 USD and the minimum deal size may vary between 40,000 USD and 1M USD on different platforms.
What type of connections does Price Markets offer to their institutional platforms?
We offer web based platform access via standard internet or via a dedicated line. Clients can open a standard account where you log into the Price Markets interface as well as, establishing a FIX or Java API connection. The system is compatible with all market leading Straight Through Processing (STP) software programs.
Who is on the other side of my transaction?
Price Markets Prime Brokerage customers trade on prices direct from multiple global banks and also on prices made by other customers. All trades are anonymous given only the PB is seen as the counterparty to the trades by the market making banks . In short the client faces us and we face only our own prime broker.
What kind of service can I expect?
We are able to offer clients constant and continuous support as we provide a 24/6 service around the world. Our team will work with you from the inception of your account, maintaining support through the account opening process and trading. Our team is here to answer your questions.
How do I make a complaint?
We hope you are satisfied with our service, but we appreciate that occasionally you might want to raise a concern more formally. Please see our Complaints Procedure for further information - Click here.
I couldn't find an answer to my questions here. What can I do?
Please visit the Price Knowledge Base, where we have a large collection of support enquiries and responses as well as manuals for our trading platforms.
If you can't find an answer there, our professional support staff can help you during our office hours, either online, over the phone or at one of our offices. Learn more.