CFD Provider FXCM: New Lower Contract Sizes on Global Stock Indices, Oil and Gold
London, 20 October, 2009—FXCM Ltd. (www.fxcm.co.uk) began offering CFD trading in addition to forex trading in September 2009 allowing traders to trade forex, global stock indices, oil and gold—all on one platform.
On 18 October 2009, FXCM LTD, in a continued effort to perfect the CFD product offering, reduced the minimum contract sizes on their global stock indices, gold and oil instruments. This means that less margin will be required on many CFD instruments in order to place a trade. Just like trading forex, traders will be able to put up less equity to trade their opinion on stock indices, oil and gold.
| Instrument Name |
Minimum
Trade Size |
Margin Requirement
Per Min Trade Size |
|
|
USD |
GBP |
EUR |
| US30 |
1 |
90 |
60 |
60 |
| SPX500 |
1 |
120 |
75 |
80 |
| NAS100 |
1 |
25 |
15 |
15 |
| UK100 |
1 |
90 |
60 |
60 |
| GER30 |
1 |
90 |
60 |
60 |
| US Oil |
1 |
200 |
125 |
140 |
| XAU/USD |
1 |
4 |
3 |
3 |
| XAG/USD |
50 |
8 |
5 |
5 |
FXCM Trading Advantages:
- No Re-Quote Trading on Forex, Global Stock Indices, Gold and Oil - Some CFD brokers trade against their clients and re-quote in order to make money on your trades. That is a conflict of interest. FXCM will not interfere in client trading by re-quoting trades.
- NEW LOWER MARGIN REQUIREMENTS for Global Stock Indices, Gold and Oil
- Analyze Charts, Place Trades and Track Positions All from One Screen
Important Note:
- The MMR column in the Simple Dealing Rates window will be updated to reflect the correct margin amounts per lot for CFD instruments on 25 October 2009.
- As of 18 October 2009, due to illiquidity after the U.S. trading session, metal trading will now be closed daily for one hour between 21:00 and 22:00 GMT. During the break, you will not be able to place market orders, but limit/stops can be placed and/or amended.
- Currently, two days prior to the monthly expiration of US Oil, FXCM will roll forward ALL open oil positions. On 18 October 2009, FXCM will only roll forward the net open US Oil position on the client account. For example, if you are long 10 US Oil and have another short 5 US Oil position, FXCM will roll forward the net open position, which in this example would be a buy of 5 US Oil to the next contract month. For further details on trading US Oil please view the complete product guide.
Full Details in our Product Guide:
http://www.fxcm.co.uk/docs_pdfs/cfd_product_guide.pdf
With lower margins per trade on CFD instruments and no re-quote execution, FXCM feels clients will experience a far superior trading experience.
Trade your opinion on oil, gold or your local stock index! Deposit Funds
If you have any questions, please call one of our currency specialists, who are available 24 hours a day, at +0808 234 8789, or e-mail us at info@fxcm.co.uk.
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