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AlumSpot

The underlying instrument for AlumSpot is LME PRI ALUM FUTR.

This underlying Futures product is trading at the London Metal Exchange. Aluminum is widely used in aerospace productions, automobiles, and as a construction material. This Futures product allows traders to speculate/hedge the price movements of aluminum.

Margin Requirements
To view current margin requirements, visit the below link:

Trading Hours
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. AlumSpot is a spot product, so there is no expiration.

Target Spread
AlumSpot has a target spread of 6 pips/points

Max Contract Size
The maximum number of contracts per click (trade) for AlumSpot is 5000

Minimum Pip Cost (Value)
AlumSpot has a minimum value of $1.00 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value). The pip/point location is shown in the diagram. Each 1.00 price movement on AlumSpot is 1 pip/point.

Number of FXCM Contracts to Equal 1 Future
25 FXCM AlumSpot contracts are currently equivalent to one LME PRI ALUM FUTR.

Other Information
AlumSpot does not expire.

AlumSpot does have financing cost (Rollover). The calculation is as shown:

Long positions:
((4th Month Futures Price-3rd Month Futures Price)/(Total trading days of New Month Future) +Markup)×(-1)×point cost

Short positions:
((4th Month Futures Price-3rd Month Futures Price)/(Total trading days of New Month Future)-Markup)×point cost

Notes on the financing cost:
* FXCM's Markup is currently 10 cents, but subject to change.
* Point cost for one contract is 1.
* To account for holding a position into the weekend, there is a 3X rollover on Wednesdays.

There is no minimum stop distance on AlumSpot.

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Order Execution Only

Order Execution Only

Regulatory Documents:
CIRO: Avoiding Fraud and Protecting Your Investments, How CIRO Protects Investors, CIRO Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, CIRO Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Notice of Acknowledgment, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Canadian Investment Regulatory Organization (CIRO). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

* The percentage of our retail client accounts that were profitable in each of the previous most recent quarters was: Quarter 4, 2025: 41% | Quarter 3, 2025: 41% | Quarter 2, 2025: 34%. These figures are provided for transparency purposes only and do not constitute an indication of future performance or results.