The dealing spreads are dictated by overall market liquidity. Of the major currency pairs, EUR/USD, USD/JPY and GBP/USD are the most liquid, and therefore dealing spreads for these currency pairs are rarely wider than 4 pips. In fact, EUR/USD spreads are usually 3 pips during the trading day.

Our dealer's trading system, considers the ability to deal directly from live quotes more important than a consistent 4 pip or less dealing spread. Keep in mind that ALL online Forex providers must source liquidity from the Interbank market, and dealing spreads should always reflect available Interbank liquidity.
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All FX transactions are normally transacted in round amounts.
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The US Dollar is the centerpiece of the Forex market and is normally considered the 'base' currency for quotes. This means that most quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. For example, the exchange rate between US Dollars and Japanese Yen is expressed as USD/JPY 102.69. This means that there are 102.69 Yen to $1 USD.

This applies to all currencies except the British pound, the Euro and the Australian dollar. These currencies are quoted as dollars per foreign currency as opposed to foreign currencies per dollar. For example, the normal method of quoting Sterling against USD is GBP/USD 1.6500. Sterling is the base of the quote; the US Dollar is the currency of the quote so at the above rate, 1.6500 USD (the currency) can be changed for £1 (base).

All dealing prices include a bid (buy) and ask (sell) rate. The 'bid' is the price at which a dealer is willing to buy (and investors can sell) the base currency for the counter currency. The 'ask' is the price at which dealers will sell (and investors can buy) the base currency for the counter currency. For example, using a USD base currency, if the quote reads USD/JPY 102.69 - 102.74, the 'bid' (102.69) is the rate at which you will sell Dollars and buy Japanese Yen. The 'ask' (102.74) is the rate at what you will buy Dollars and sell Yen.
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Limit orders
- An order with restrictions on the maximum price to be paid or the minimum price to be received.

Using the above example, if the current price of USD/CHF is 1.5627, a limit order to sell dollars would be above that price, for example, 1.5800

Stop loss orders
- Order type whereby an open position is automatically liquidated at a specific price. Often used to minimize exposure to losses if the market moves against an investor's position.

If the investor above is long USD at 156.27, an investor might wish to put in a stop loss order for 155.49, which would limit his loss should the dollar depreciate, possibly below 155.49

One cancels other orders (OCOs)
- A contingent order providing that one part of the order is cancelled if the other part is executed.

As an example, the trader above could enter an OCO which would automatically cancel his stop loss order if his limit order was filled, or conversely, cancel his limit order if his stop loss order was filled.

All of the above orders are good till cancelled orders.
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Required margin for selected currency pair

	1,000 units/lot	5,000 units/lot	10,000 units/lot	50,000 units/lot	100,000 units/lot
EUR/USD	$12.10	$60.50	$121	$605	$1,210
USD/JPY	$10	$50	$100	$500	$1,000
GBP/USD	$17.22	$86.10	$172.20	$861	$1,772
USD/CHF	$10	$50	$100	$500	$1,000

The table uses 100:1 leverage for purposes of calculating the margin requirement. The margin requirement will vary based on the level of leverage used.
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Unless specific settlement instructions are provided, dealer will automatically roll forward all open positions to the next day's value date at the end of each business day, 5:00pm EST. All rolls will be done at competitive rollover rates, and depending on the currency pairs involved, trades will be executed where the trader will either earn or pay away points, depending on the interest rate differential between the two currencies.
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Clients may view their current open position, real-time profit and loss statements, and all historical transaction details in the dealing software.

Account statements are sent at the beginning of each month, and list all transactions for the previous month by currency and value date, a summary of all current open positions, and account balance as calculated at the close of business on the last business day of the month.
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At 5:00 PM each day, funds are subtracted from or added to accounts with open positions because of this automatic roll over. On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position is three times the usual amount. This "3-Day" rollover accounts for settlement of trades through the weekend period. When there are bank holidays in either settlement country the normal roll schedule does not apply.
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