How a Low Commission Broker Can Increase Option Spreads Profits by 50% or more

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LOW SPREAD FOREX BROKER | LOW COMMISSION FOREX BROKER |В the absolute best fx Trading conditions

take off those glasses.

No fine print here. What you SEE is what you GET. В We like to say we are TRANSPARENT to a FAULT. PIGs love full disclosure.

COMPARE OUR LOWВ SPREADS

At the core of a solid trading infrastructure is it’s cost base, and spreads make up a good portion of that base. FXPIGв„ў is dedicated to keeping these costs in check, ensuring a profitable PARTNERSHIP with it’s clients. Here you can compare the real time Low Spreads on several of our distinct pricing feeds. Low Spreads are one part of the total FX Cost analysis that every trader should be calculating. However, low spreads are not the only piece of the puzzle. Sometimes low spreads come with an equally high slippage rate due to illiquidity. Check out the stats tab above to see why more and more FX Traders are JOINING THE MOVEMENT and choosing to Trade Forex with FXPIGв„ў.

CALCULATORS

Want to know how much swap you will pay on your trade, or how much commission, or how much margin you will need, or the pip value based on your actual trade size? Our versatile calculator will handle that and more. And for the adventurous, we have even included the formulas need to run the calculations yourself. Remember toВ ‘show your work‘!

Use this calculator to find out exactly how much you potentially stand to lose or gain if your respective stop loss and take profit levels are hit. Simply select the currency pair you are trading, enter your account currency and your position size. Select whether your trade is long or short and then enter your desired stop loss and take profit levels. Press calculate to find out your potential losses and gains denominated in your account currency.

FXPIG’s Margin Calculator enables you to calculate how much margin is required in order to guarantee a position that you would like to open on our trading platforms. TO use the calculator simply enter your trade size, leverage, the currency pair being traded, and your account currency, then click on the calculate button to determine your required margin.

The calculation is performed as follows:
Required Margin = (Trade Size (lot size) / leverage) * account currency exchange rate (if different from the base currency in the pair being traded).

Example:
Trading 1 mini-lot of EUR/USD using 100:1 leverage with an account currency denominated in USD
1 mini lot = 10,000
Leverage = 100
Base currency/Account currency exchange rate = 1.14
10,000/100 = 100
100 * 1.14 = 133
Required margin on this trade is $114 USD.

When opening and closing many positions on your account it can be easy to lose track of the performance of your individual trades. Now you can easily calculate this with our profit calculator. Simply select your currency pair, your account currency, how many days you kept the trade open for, the size of the position, whether you went long or short and your opening and closing prices. Click “calculate” to find out exactly how the trade performed factoring in the swap fee.

The calculation is performed as follows:
Profit in Account Currency = ((close_price – open_price) * Position size /(or *) Currency rate) В± (swap in account currency value *period)

Example 1:
Account Currency = EUR
Currency = EURUSD
Period = 0 days
Position size = 10000
Type = Sell/Short
Open price = 1.14777
Close price = 1.14111
Profit in EUR:
((1.14111-1.14777)* 10000 / 1.35111 (EURUSD Rate)) = 49.29

Example 2:
Account Currency = USD
Currency = EURGBP
Period = 0 days
Position size = 10000
Type = Buy/Long
Open price = 0.78044
Close price = 0.78025
Profit in USD:
((0.73044-0.73025) * 10000 * 1.54000 (GBPUSD Rate)) = – 2.93

Whenever you keep a position open overnight a swap/rollover fee is charged. Swap is determined using the interest rate differential between the two currencies in the pair that you are holding and the overall exposure of each of those pairs, globally, on our platforms, and is calculated according to whether your position is long or short. FXPIG calculates swap once for each day of the week a position is rolled over, on Wednesday it is charged 3 times to account for the weekend. Our Swap calculator can be used to determine what your swap fee will be for holding a trade open overnight. Enter the currency pair, your account currency, position size, and click ‘calculate’ to be provided with your swap fee.

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В The calculation is performed as follows:
On forex securities:
Swap = (Pip Value * Swap Rate * Number of Nights) / 10
Example: Trading 1 lot of EUR/USD (short) with an account denominated in EUR.
1 lot = 100,000
Pip value = $10
Swap rate = 1.20
Number of nights = 1
Swap fee: (10 * 1.20 * 1) / 10 = $1.20

In order to manage your risk more effectively, it is important to know the pip value of each position in the currency your trading account is denominated in. FXPIG’s Pip Value Calculator does this for you. To use the calculator simply enter your trade size, the currency pair you are trading, and your account currency; finally click ‘calculate’ to determine how much each pip is worth. Keep in mind that FXPIG quotes its prices to five decimal places on most pairs and three places on JPY pairs.

The calculation is performed as follows:
Pip value = (one pip / exchange rate) * lot size

Example:
Trading 1 lot of EUR/USD with an account denominated in EUR.
One pip = 0.0001
Exchange rate = 1.14255
0.0001/1.14255 = 8.75235
8.75235 * 1 = 8.75235
Each pip is worth €8.75

FXPIG’s foreign exchange calculator enables you to convert between a number of different currencies. To use the calculator select your currency, the currency you would like to convert to, and the sum you would like converted. Finally click on the ‘calculate’ button in order to perform the conversion using live market rates.

On cTrader FXPIG charges a commission fee of 30 CCY per million traded. On MT4 and via our FIX API we charge a commission fee of 25 CCY per million traded. In order to calculate the actual commission charged on your trades you need to take into account the base currency you are trading and the deposit currency of your account. FXPIG’s commission calculator does this for you. Simply enter the size of your trade, the currency pair you are trading, your account currency, and click on the ‘calculate’ button to determine how much commission you will pay for opening and closing the position.

The calculation is performed as follows:

CTRADER CALCULATION
Commission Each Side = (trade size * 30 per million traded) * account currency exchange rate

Example:
Trading 100,000 GBP/JPY with an account currency in EURO
0.000030 * 100,000= ВЈ3.00 (Base currency of the pair traded)
To convert to Euro we must divide by the EUR/GBP rate
EUR/GBP = 0.793
Commission per side = €3.78
This will be charged when you enter and when you close the trade on the cTrader platform.

MT4 & FIX CALCULATION
Commission Each Side = (trade size * 25 per million traded) * account currency exchange rate

Example:
Trading 100,000 GBP/JPY with an account currency in EURO
0.000025 * 100,000 = ВЈ2.50 (Base currency of the pair traded)
To convert to Euro we must divide by the EUR/GBP rate
EUR/GBP = 0.793
Commission per side = €3.15
Commission Round-Turn = €6.30
MT4 charges the round-turn commission on the open of each trade while via FIX you will pay each side of the trade on confirmation.

AVAILABLE PAIRS

Don’t see the pair or pairs you are looking for? Let us know and we will do what we can to get them streaming on one of our available feeds.

Australian Dollar vs. Canadian Dollar

Australian Dollar vs. Swiss Franc

Australian Dollar vs. Japanese Yen

Australian Dollar vs. New Zealand Dollar

Australian Dollar vs. US Dollar

Canadian Dollar vs. Swiss Franc

Canadian Dollar vs. Japanese Yen

Swiss Franc vs. Japanese Yen

Euro vs. Australian Dollar

Euro vs. Canadian Dollar

Euro vs. Swiss Franc

Euro vs. Swiss Franc

Euro vs. British Pound

Euro vs. Hong Kong Dollar

Australian Dollar vs. Canadian Dollar

Euro vs. Norwegian Krone

Euro vs. New Zealand Dollar

Euro vs. Polish Zloty

Euro vs. Swedish Krona

Euro vs. Turkish Lira

Euro vs. US Dollar

British Pound vs. Australian Dollar

British Pound vs. Canadian Dollar

British Pound vs. Swiss Franc

British Pound vs. Japanese Yen

British Pound vs. New Zealand Dollar

British Pound vs. Singapore Dollar

British Pound vs. US Dollar

Hong Kong Dollar vs. Japanese Yen

Norwegian Krone vs. Japanese Yen

Norwegian Krone vs. Swedish Krone

New Zealand Dollar vs. Canadian Dollar

New Zealand Dollar vs. Swiss Franc

New Zealand Dollar vs. Japanese Yen

New Zealand Dollar vs. Singapore Dollar

New Zealand Dollar vs. US Dollar

Singapore Dollar vs. Japanese Yen

US Dollar vs. Canadian Dollar

US Dollar vs. Swiss Franc

US Dollar vs. Chinese Offshore Yuan

US Dollar vs. Danish Kronor

US Dollar vs. Hong Kong Dollar

US Dollar vs. Japanese Yen

US Dollar vs. Mexican Peso

US Dollar vs. Norwegian Krone

US Dollar vs. Polish Zloty

US Dollar vs. Russian Ruble

US Dollar vs. Swedish Krona

US Dollar vs. Singapore Dollar

US Dollar vs. Turkish Lira

Silver vs. US Dollar

Gold vs. US Dollar

*Spreads can go negative on cTrader and via FIX, however MT4 cannot show negative spreads. Regardless you will always be filled at the best possible price, even on MT4. **The default margin call level on all pairs is 100% and default stop out level on all pairs is 50% when trading on 1:200 leverage or below. If you are trading on higher leverage the Stop Out level will move to 100%.

Australian Dollar vs. Canadian Dollar

Australian Dollar vs. Swiss Franc

Australian Dollar vs. Japanese Yen

Australian Dollar vs. New Zealand Dollar

Australian Dollar vs. US Dollar

Canadian Dollar vs. Swiss Franc

Canadian Dollar vs. Japanese Yen

Swiss Franc vs. Japanese Yen

Euro vs. Australian Dollar

Euro vs. Canadian Dollar

Euro vs. Swiss Franc

Euro vs. Swiss Franc

Euro vs. British Pound

Euro vs. Hong Kong Dollar

Australian Dollar vs. Canadian Dollar

Euro vs. Norwegian Krone

Euro vs. New Zealand Dollar

Euro vs. Polish Zloty

Euro vs. Swedish Krona

Euro vs. Turkish Lira

Euro vs. US Dollar

British Pound vs. Australian Dollar

British Pound vs. Canadian Dollar

British Pound vs. Swiss Franc

British Pound vs. Japanese Yen

British Pound vs. New Zealand Dollar

British Pound vs. Singapore Dollar

British Pound vs. US Dollar

Norwegian Krone vs. Swedish Krone

New Zealand Dollar vs. Canadian Dollar

New Zealand Dollar vs. Swiss Franc

New Zealand Dollar vs. Japanese Yen

New Zealand Dollar vs. Singapore Dollar

New Zealand Dollar vs. US Dollar

Singapore Dollar vs. Japanese Yen

US Dollar vs. Canadian Dollar

US Dollar vs. Swiss Franc

US Dollar vs. Chinese Offshore Yuan

US Dollar vs. Danish Kronor

US Dollar vs. Hungarian Forint

US Dollar vs. Japanese Yen

US Dollar vs. Mexican Peso

US Dollar vs. Norwegian Krone

US Dollar vs. Polish Zloty

US Dollar vs. Swedish Krona

US Dollar vs. Singapore Dollar

US Dollar vs. Turkish Lira

Silver vs. US Dollar

Gold vs. US Dollar

*Spreads can go negative on cTrader and via FIX, however MT4 cannot show negative spreads. Regardless you will always be filled at the best possible price, even on MT4. **The default margin call level on all pairs is 100% and default stop out level on all pairs is 50% when trading on 1:200 leverage or below. If you are trading on higher leverage the Stop Out level will move to 100%.

03:00В -В 23:15,
23:30 – 24:00

03:00В -В 23:15,
23:30 – 24:00

03:00В -В 23:15,
23:30 – 24:00

03:00В -В 23:15,
23:30 – 24:00

03:00В -В 3:15,
23:30 – 24:00

COMMISSION FOR 1 LOT

Australian Dollar vs. Canadian Dollar

Australian Dollar vs. Swiss Franc

Australian Dollar vs. Japanese Yen

Australian Dollar vs. New Zealand Dollar

Australian Dollar vs. Polish Zloty

Australian Dollar vs. Singapore Dollar

Australian Dollar vs. US Dollar

Canadian Dollar vs. Swiss Franc

Canadian Dollar vs. Japanese Yen

Canadian Dollar vs. Polish Zloty

Canadian Dollar vs. Singapore Dollar

Swiss Franc vs. Japanese Yen

Swiss Fran vs. Polish Zloty

Swiss Franc vs. Singapore Dollar

Euro vs. Australian Dollar

Euro vs. Canadian Dollar

Euro vs. Czech Koruna

Euro vs. Swiss Franc

Euro vs. Swiss Franc

Euro vs. Great Britian Pound

Australian Dollar vs. Canadian Dollar

Euro vs. Hungarian Forint

Euro vs. Mexican Peso

Euro vs. Norwegian Krone

Euro vs. New Zealand Dollar

Euro vs. Polish Zloty

Euro vs. Swedish Krona

Euro vs. Singapore Dollar

Euro vs. Turkish Lira

Euro vs. US Dollar

Euro vs. South African Rand

British Pound vs. Australian Dollar

British Pound vs. Canadian Dollar

British Pound vs. Swiss Franc

British Pound vs. Japanese Yen

British Pound vs. Norwegian Krone

British Pound vs. New Zealand Dollar

British Pound vs. Polish Zloty

British Pound vs. Swedish Krona

British Pound vs. Singapore Dollar

British Pound vs. US Dollar

Norwegian Krone vs. Japanese Yen

Norwegian Krone vs. Swedish Krona

New Zealand Dollar vs. Canadian Dollar

New Zealand Dollar vs. Swiss Franc

New Zealand Dollar vs. Japanese Yen

New Zealand Dollar vs. Singapore Dollar

New Zealand Dollar vs. US Dollar

Swedish Krona vs. Japanese Yen

Singapore Dollar vs. Japanese Yen

US Dollar vs. Canadian Dollar

US Dollar vs. Swiss Franc

US Dollar vs. Chinese Offshore Yuan

US Dollar vs. Czech Koruna

US Dollar vs. Danish Kronor

US Dollar vs. Hong Kong Dollar

US Dollar vs. Hungarian Forint

US Dollar vs. Japanese Yen

US Dollar vs. Mexican Peso

US Dollar vs. Norwegian Krone

US Dollar vs. Polish Zloty

US Dollar vs. Swedish Krona

US Dollar vs. Singapore Dollar

US Dollar vs. Turkish Lira

US Dollar vs. South African Rand

SILVERВ vs. US Dollar

GOLDВ vs. US Dollar

Palladium vs. US Dollar

Platinum vs. US Dollar

*Spreads can go negative on cTrader and via FIX, however MT4 cannot show negative spreads. Regardless you will always be filled at the best possible price, even on MT4.

statistics

TRANSPARENTВ to a fault, but when we say something, unlike most, we actually mean it. The numbers below are recalculated every 30 minutes based on data from the last 24 hours.

Average Top of Book

AS A % OF ALL ORDERS

ACTUAL NUMBER OF ORDERS

Average Top of Book

AS A % OF ALL ORDERS

ACTUAL NUMBER OF ORDERS

Average Top of Book

AS A % OF ALL ORDERS

ACTUAL NUMBER OF ORDERS

Average Top of Book

AS A % OF ALL ORDERS

ACTUAL NUMBER OF ORDERS

LOW SPREADS AND REAL TIME STATS. AWESOME RIGHT?

So, youВ ALREADYВ know PIGs areВ TRANSPARENT, LOYAL, SMART, DEDICATED, modest, of course, and man, with trading conditions like these, why are you even attempting to trade ANYWHERE else. From one PIG to another, what are you waiting for?

If you haven’t noticed already PIGs are also very fond of satire. Look, in an industry that takes itselfВ WAYВ too seriously, we thought it was time that someone shed some light on what the FX space is all about, how it works, and, why not, make fun of an industry that triesВ SOOOOВ hard to project an image of astuteness. by cold calling retirees and sponsoring sport teams.В

HELPВ us change this trend by doing your small part to show the industry that the ‘norm’ is no longer acceptable. by becoming a PIG today, JOINING the MOVEMENT, and raising your snout at all the ridiculousness that this industry has thrown at us over the years. FXPIGв„ў, ‘Where Traders Come to WIN’

Latency Free Withdrawals, What a UNIQUE Concept. It’s YOUR Money after all, Access to it Should NEVER be Delayed

Prime Intermarket Group Asia Pacific Ltd
Level 2 Transpacific Haus Lini Highway
Port Vila, Republic of Vanuatu

Prime Intermarket Group Asia Pacific Limited, doing business as FXPIGв„ў, holds a Principal’s License for dealing in securities, granted by the Minister of Finance and Economic Development of Vanuatu, under the arm of the Vanuatu Financial Services Commission (VFSC Company Number 014578).В

FXPIGв„ў does not open or maintain accounts for Vanuatu based entities or residents or U.S. based entities or residents who are classified as retail or low net worth clients as per the most recent definition of such by the CFTC. Governmental restrictions along with our own internal company policies prohibit FXPIG from opening accounts originating from restricted and/or OFAC sanctioned countries.

Forex BrokerВ FXPIGв„ў proudly Services Clients from nearly 100 Countries WorldWide, including, but not limited to: Australia, specific provinces, where permissible by law in Canada, Germany, China, Russia, and many more.

Trading in the Forex or CFD Markets is speculative in nature and not appropriate for all investors. Investors in the Forex or CFD Markets should only use risk capital when trading futures, options, and Forex because there is always the risk of substantial loss.
‍
Alchemy Prime Ltd, 13 Leyden Street,London E1 7LE, is the payment agent for FXPIG. Both Alchemy Prime Ltd and FXPig are part of the same group of companies under common ownership
‍
FXPIGв„ў is an official sponsor of Signature Rally – a networking supercar travel experience with like-minded people taking part in some of the worlds most modern and rarest Supercars and GT sports cars.
‍
All Rights Reserved В©2020 – 2020, Prime Intermarket Group Asia Pacific Ltd, operating as FXPIGв„ў, the FOREX BROKER ‘Where Forex Traders Come to Win,’ headquartered at Level 2 Transpacific Haus Lini Highway, Port Vila, Republic of Vanuatu.

eOption

Rates & Fees

Pay only for what you need. Put the rest in your pocket.

Select Your Preferred Method
Options
Equity or Index, Market or Limit [1] [2] 10¢ per Contract (+ $1.99 per trade)
Broker-Assisted Orders Additional $6.00
Option Exercise and Assignment $9.00
Stocks and ETFS
Market or Limit (Unlimited Shares) $0
Broker-Assisted Orders Additional $6.00
Foreign Stocks $39.00
Extended Hours Trading
All Trades $3.00 per trade
Exchange Fees
OCC Fees – Trades with Contracts of:
0-1100 $0.05 Per Contract
Greater than 1100 $55.00 Per Trade
Options Regulatory Fee (ORF) $0.0219 Per Contract
Trading Activity Fees (TAF)
Stocks & ETF’s $0.000119 per share (max. $5.95 per trade)
Options $0.002 Per Contract
Covered Debt Securities $0.00075 Per Bond (Max. $0.75 Per Trade)
SEC Transaction Fee Varies
Mutual Funds
All Mutual Fund Trades $5.00
Periodic Invest – Withdraw $5.00
Listed Bonds
First 25 Bonds $5.00 Per Bond
Each Additional Bond $3.00 Per Bond
Minimum $39.00
Auto Trade Commissions
Commission rates for auto trade orders requiring special handling by eOption’s auto trade desk.
Equities $2.00
Options $2.00 + $0.10 Per Contract

Important Note: Modifying a partially executed order, also known as a cancel/replace, is considered a new order and will incur a separate commission if the modified order is executed.

[1] Option rates apply to each side of spread orders. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades.

[2] Select proprietary index options may incur additional fees. Please check our Brokerage Fees page for further details.

Fees & Commissions effective as of 2/9/2020. All fees subject to change without notice.

Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at [email protected] or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.

eOption’s Base Rate is set by comparing various commercial interest rates, such as brokers call, internal and external cost factors and other competitive factors. The Base Rate is subject to change without notice.

AS OF 10/29/2020 THE CURRENT BASE RATE IS 7.75%
Less than $25,000 Base Rate 7.75%
$25,000-$49,999 Base Rate -0.50% 7.25%
$50,000-$99,999 Base Rate -1% 6.75%
$100,000-$249,999 Base Rate -2% 5.75%
$250,000+ Base Rate -3% 4.75%

Equities

Minimum Equity Requirements to Use Margin
A combination of: Minimum:
Cash/Marginable Securities $2,000
Short Sales of Equities $2,000
Cash/Options/Stock $2,000
Margin/Options/Stock $2,000 in Marginable Securities or Cash

Note: Long option purchases have an initial and maintenance margin requirement of 100%. For spreads and uncovered options, please see Margin Minimum Equity Requirements below. To open an eOption margin account, you must have at least $2,000 in cash or marginable securities in your account. Additional requirements may apply depending upon specific transactions and positions in your account.

Options

Minimum Equity Requirements to Trade Certain Option Strategies
A combination of cash and marginable securities: Minimum:
Spreads $2,000
Equity and Index Spreads $2,000
Spreads in an IRA $2,000, Cash Only
Uncovered Options:
Naked Puts $25,000
Naked Calls $100,000
Naked Index $500,000

Note: At this time, we do not allow margin borrowing on cash secured short puts, short calls, naked or spread positions.

Marginable Option Transactions
Option Type Initial Requirement Maintenance Requirement
Naked Puts 20% of current market value minus out-of-money amount or 10% of strike, whichever is greater times the multiplier times the quantity 20% of current market value minus out-of-money amount or 10% of strike, whichever is greater times the multiplier times the quantity plus the market value of the option
Naked Calls 20% of current market value minus out-of-money amount or 10% of current market value, whichever is greater times the multiplier times the quantity 20% of current market value minus out-of-money amount or 10% of current market value, whichever is greater times the multiplier times the quantity plus the market value of the option

Note: Position limits are 2,000 contracts when going short and uncovered. The long position limits are determined by the exchange. 2x Leveraged ETF naked options will be replaced with 40% or 20% and 3x Leveraged ETF naked options will be replaced with 60% and 30% in the above calculations.

Options Expiration Policy

Expiring long and short option positions may be closed as early as 2:00 PM EST on the last trading day prior to expiration if you do not have the funds or buying power to buy or short the underlying security. Please note that you may still get assigned even if a short option is out of the money. Therefore, if there is risk to the account, short options may be closed out even if it is out of the money. The firm may close out your positions without prior notice. We may also elect not to exercise or close the resulting stock position in the aftermarket hours on Friday or pre-market hours on Monday.

Day Trading Buying Power Calculation

Money market funds are not applied towards calculating day trade buying power. Please contact us to have money market funds journaled to the margin type prior to the effective date if you would like to use all funds to calculate day trade buying power. Also, please note it is necessary to shut off sweeps to money market upon trade settlement in order to use all available funds to day trade without interruption. This request must be in writing with a signature.

Margin Account Maintenance and Initial Requirements

Stock Transactions
Stocks Initial Requirements Maintenance Requirement
$5.00 and above 50% 30%
$4.99 to $3.00 50% 50%
$2.99 and below 100% 100%
Short Stock Transactions
Stocks Initial Requirements Maintenance Requirement
Short stock sales below $3.00 per share Not allowed Greater of $2.50 a share or 100% of current market value
Short stock sales below $5.00 per share 50% of market value Greater of $2.50 a share or 100% of current market value
Short stock sales above $5.00 per share 50% of market value Greater of $5.00 a share or 30% of current market value
Leveraged Long ETF Transactions
Equities Initial Requirements Maintenance Requirement
Leveraged 2x
$5 and above minimum 50% minimum 50%
$3.00-$4.99 minimum 75% minimum 75%
Leveraged 3x
$5 and above minimum 75% minimum 75%
below $5 100% 100%
Leveraged Short ETF Transactions
Equities Initial Requirements Maintenance Requirement
Leveraged 2x and above $5.00 Minimum 60% $5 a share or minimum 60% of market value whichever is greater
Leveraged 3x and above $5.00 Minimum 90% $5 a share or minimum 90% of market value whichever is greater
Short sales below $5.00 Same as maintenance Greater of $2.50 a share 100% of current market value
Short sales below $3.00 Not allowed Greater of $2.50 a share or 100% current market value
Other Securities
Equities Initial Requirements Maintenance Requirement
Unit Investment Trust 100% 25%
Municipal Bonds 25% 15%
Corp Non-Convertible 25% 20%
Corp Convertible 50% 30%
High Yield Bonds (Below $80) 50% 40%
Corp Reversible Bond 50% 40%
CMO’s 25% 20%
IO’s, PO’s, Inverse Floaters 40% 30%
US Government Issues Based on Years to Maturity
0 to less than 1 year 4% 2%
1 to less than 3 years 5% 3%
3 to less than 5 years 6% 4%
5 to less than 10 years 8% 5%
10 to less than 20 years 9% 6%
20 years or more 10% 7%

Concentrated positions on margin will hold the following requirements:
Margin accounts with any concentrated single equity position comprising more than 50% of the long marginable market value may be assessed a minimum of 40% on the entire account.

Important Guidelines

  • Required Market Price for Stocks: Most stocks traded on major U.S. exchanges and Nasdaq-listed securities priced $3.00 and above are eligible for margin borrowing. Please note that some stocks including Pink Sheets or Bulletin Board Stocks are not eligible for margin borrowing.
  • Minimum Market Price for Stocks: Stocks priced under $3.00 are not eligible for credit towards margin requirements and are not credited to margin buying power.
  • Mutual Funds: Most mutual funds can be used as collateral, provided they’ve been held for at least 30 days Please note you cannot purchase mutual funds on margin.
  • Bonds: Most corporate, treasury, municipal, and government agency bonds are eligible for margin borrowing. Margin ability and margin requirements are subject without advance written notice to change based on liquidity, bond ratings, concentrations, and other risk factors.
  • Money market funds, certificates of deposit (CDs), annuities, and options are not available as collateral for margin borrowing.
  • Maintenance Calls: Maintenance calls are due in four (4) business days under normal conditions. Exchange calls are due in one business day.
  • House Required Minimums: If equity drops below house required minimum, or a call is issued for any other reason, you may be required to immediately sell securities or deposit additional funds promptly.
  • Concentrated Accounts: Margin maintenance is higher for concentrated accounts and requirements may vary per security.
  • Margin Maintenance: Margin maintenance ranges from 30% – 100% depending on the particular securities in an account.
  • Increased Maintenance Requirements: From time-to-time, we may be required by our clearing firm to increase maintenance requirements due to overall firm concentration, or unusual market conditions. We further reserve the right to increase the requirements at our sole discretion.
European Style Option Spreads

To be considered a spread, the long and the short side must expire on the same day. If the expiration dates are not the same the short side will be treated as naked.

Covered LEAPS Requirements

Intial Requirement: Proceeds from the sell of the LEAPS calls cannot be used to satifsy Reg-T requirements. If an account purchases stock and sells short covered LEAPS calls, the account will be required to the 50% intiial requirement on the long stock.

Maintenance Requirement: The short market value of the LEAPS will be deducted from the equity when figuring maintenance requirements for accounts holding these positions. The value of the long stock will be valued at the price of the stock or the strike price of the option, whichever is greater.

Margin Risks

We are furnishing this document to you to provide some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Before trading stocks in a margin account, you should carefully review the margin agreement provided by your broker. Consult your broker regarding any questions or concerns you may have with your margin accounts.

When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from your brokerage firm. If you choose to borrow funds from your firm, you will open a margin account with the firm. The securities purchased are the firm’s collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and as a result, the firm can take action, such as issue a margin call and/or sell securities in your account, in order to maintain the required equity in the account.

It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:

  • You can lose more funds than you deposit in the margin account. A decline in the value of securities that are purchased on margin may require you to provide additional funds to the firm that has made the loan to avoid the forced sale of those securities or other securities in your account.
  • The firm can force the sale of securities in your account. If the equity in your account falls below the maintenance margin requirements under the law, or the firm’s higher “house” requirements, the firm can sell the securities in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
  • The firm can sell your securities without contacting you. Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities in their accounts to meet the call unless the firm has contacted them first. This is not the case. Most firms will attempt to notify their customers of margin calls, but they are not required to do so. However, even if a firm has contacted a customer and provided a specific date by which the customer can meet a margin call, the firm can still take necessary steps to protect its financial interest, including immediately selling the securities without notice to the customer.
  • You are not entitled to choose which security in your margin account is liquidated or sold to meet a margin call. Because the securities are collateral for the margin loan, the firm has the right to decide which security to sell in order to protect its interests.
  • The firm can increase its “house” maintenance margin requirement at any time and is not required to provide you advance written notice. These changes in firm policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the member to liquidate or sell securities in your account.
  • You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a right to the extension.
  • The IRS requires Broker Dealers to treat dividend payments on loaned securities positions as a “substitute payment” in lieu of a dividend. A substitute payment is not, a “qualified dividend” and is taxed as ordinary income.
  • Industry regulations may limit, in whole or in part, your ability to exercise voting rights of securities that have been lent or pledged to others. You may receive proxy materials indicating voting rights for a fewer number of shares than are in your account, or you may not receive any proxy materials.

Click here for some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Contact eOption regarding any questions or concerns you may have about margin accounts.

Low Spread No Commission

Foreign exchange is the world’s largest financial market. It is the individual investor and not the major financial corporation which has made this market what it is today. But these investors come up against high spreads making it difficult for trading and investment. Low spread no commission forex is one of the rising trends that brokers and traders often provide.

Doing away with market making:

This is one of the largest allegations which have come up against numerous freelance brokers. Offering traders or investors with spreads which are quite divergent from the actual market price is a common practice to these brokers. There are two conclusive situations which come to be:

  • Often, these spreads are conclusive to an investor loss with the broker pocketing his share irrespective of the transaction.
  • Spreads are more often than not on the higher side thus making a profit from trading a very improbable proposition.

What these spreads and brokers do is make a market scenario themselves; affixing different buy and sell prices with the help of a liquidity provider such as a bank or similar financial institutions. This artificial market has its separate existence over the actual market with its own set of prices.

An Alternative Scenario:

Instead of a trader and a broker being the medium for placing an order of the market, there’s always that possibility of placing orders directly on the market. This is where Electronic Communications Network and STPs (Straight Through Processing) come in.

A scenario where a single broker provides for live market prices of a pair with a bank in the fray, i.e. with whom the currency is being exchanged with is what occurs on a daily basis. A low spread no commission forex is where everything is the same except for what follows:

  • Multiple investors registering to the same broker via an Electronic Communication Network i. This broker only places and executes orders and is not in control of bid-ask prices which are set by a software application live with the market. Lower spreads are thus viable.
  • STP allowing for live market quotes to be directly applied to trading. Spreads are pre-ordained, and basically, an investor is trading with a bank itself the broker being only a mediator.

Getting a Low spread no commission forex broker:

Lower the spreads, higher the probability of eking out a profit from a trade. Further, there are brokerage and trading services which have forex no spread commission too. That is to say, a trader/investor can buy and sell at the live market price quotes. But in reality, this rarely happens as no broker provides for trades without exacting their brokerage from it.

Truth be told, these accounts with zero spread or commission are mostly available when hot-lining or trading directly through banks. And more often than not, the order placed is not the one executed, and by the time it is, that order itself is a small re-quote. That re-quote is a spread earned by that bank.

Thus, low spread no commission forex is a realistic way of trading. Subscribing with a broker registered to a n Electronic Communication Network i s the most profitable way forward. Invest with these brokers to maximise chances of your profit.

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

RoboForex ECN accounts

Welcome to a new level of trading.

  • Initial deposit is 10 USD
  • Tight spreads from 0 pips
  • Maximum leverage is 1:500

High liquidity

Direct access to interbank liquidity provides order execution at the best prices available.

Fast execution

Fastest speed and quality of each order under any market conditions.

Spreads from 0 pips

Tight spreads help to implement any short-term trading strategy.

How do ECN account differ from standard account types?

ECN account type was created for professional traders, who require best possible trading conditions of all that are available. The main differences between advanced ECN accounts and standard ones are tight spreads, from 0 pips, and the commission for performed transactions, which depends on their volume. Several types of assets are available for trading on ECN accounts, such as currency pairs, cryptocurrencies, metals, and other instruments popular with traders.

You can trade with the high speed of order execution through MetaTrader 4/5 and cTrader platforms. Extensive information about all types of ECN accounts can be found in “Trading accounts” section. In addition to that, a detailed description of a special account type for premium clients is available on “Prime accounts” page.

Choose your ECN account at RoboForex

We provide access to two types of accounts with orders executed in the ECN system.

ECN-Pro

Tight floating spreads and the biggest set of trading instruments without any requirements to a minimum deposit.

Prime New

VIP accounts for professionals with lower commission and best trading conditions the Company can offer.

Security of Client’s Funds

Official sponsor of “Starikovich-Heskes” team at The Dakar 2020

Experienced racers with more than 60,000 off road kilometers in Europe, Africa, and Australia under their belt.

Official sponsor of Muay Thai fighter Andrei Kulebin

A many-time Thai boxing world champion, an experienced trainer, and an Honored Master of Sports.

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RoboForex Ltd is an international broker regulated by the IFSC, license No. IFSC/60/271/TS.

Risk Warning: There is a high level of risk involved when trading leveraged products such as Forex/CFDs. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. RoboForex Ltd does not target EU/EEA clients. We do not provide financial services to residents of the USA, Canada, Japan and Australia.

At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a Civil Liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.

© RoboForex, 2009-2020.
All rights reserved.

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