Having trouble with managing your trading account? You can find some useful info in this section.
How do I apply for a trading account?
Accounts are subject to status, but to apply for an account, please complete our online application. Note: All trading involves a significant risk.
This should take no more than 10 minutes. You will be asked to select the type of currency you wish to trade in, which platform you want to use and a bit about your background as a trader.
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.
What payment methods can I use to deposit?
You can deposit to your trading account via bank-wire. You can find bank details at the deposit page of this website.
How much do I need to deposit?
It varies between trading platform / venue and what you are trying to do. The minimum for each Trading Platform is specified on its page: Trading Technology. Please speak to a Liquidity Manager to discuss your requirements.
Will I be charged any commissions?
We charge commissions on our ECN accounts, unless you opt-in for an All-In account (where the commissions charges are embedded inside the Spread.
|FX / CFD Trading Commissions||MT4 & Trader2018||FIX API||PRIME / Institutions|
|Forex:||3.5 USD per lot / per side||20 USD per million USD traded||Contact Us|
|CFD:||25 bps per lot / per side||25 bps per lot / per side||Contact Us|
|CFD (Big):||2.5 bps per lot / per side||2.5 bps per lot / per side||Contact Us|
Transaction costs on any trade may include:
The commission + The spread + 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%.
How do I monitor my account?
You may do that by logging in with the credential you received after registration in your trading platform or back-office portal.
You will see details of the most recent closing trades you have conducted and details of any profit/loss and cash movements, rollovers, etc.
How can I change my password?
How is my account affected if I hold a FX position overnight?
If you hold a currency position overnight the rollover (swap) will take effect.
Rollover represents the interest paid or earned for holding a position overnight.
Each day at 22:00 London Time (Forex market change time) Price Markets will settle all FX positions by closing the trades at the current market rate and re-opening them at a rate which reflects the interest rate differential.
For example, each trade in the case of Forex involves not only 2 different currencies, but their two different interest rates. If the interest rate on the currency you bought is higher than the interest rate of the currency you sold, this positive differential is taken into account. If the interest rate on the currency you bought is lower than the interest rate on the currency you sold, then you will pay rollover.
For a position held on a Friday or prior to a Price Markets non-business day, financing will be applied according to the number of days until the subsequent Price Markets business day. For example, for a position (held on Wednesday) rolled from a Friday to Monday, financing will be applied for 3 days.
How would the P&L of my account work if my account is USD based and I am trading a non-usd based currency pair e.g. EUR/JPY?
Your P&L will be calculated by the movement in the ‘Quote’ or ‘Term’ currency; in this case JPY, then that value will be converted into USD at the current rate of USD/JPY.