Lower Margins at FXCM

W

Wallace

" FXCM will lower margin requirements on Sunday June 6, 2004 at the open of trading. As a result of this change:

Margin will be the same for all currency pairs. Margin will no longer be based on notional value, but on a fixed dollar amount per lot.

The new (default) margin requirement for Mini Accounts will be as low as $50 per lot for clients with an account balance under $50,000.

The new (default) margin requirement for 100K Accounts may be as low as $1000 per lot.

Depending on your account balance, you may be able to set your margin requirement as low as $50 per lot for FXCM Mini Accounts and $500 per lot for FXCM 100K Accounts. "

For additional information see FXCM.
 
Lets see how long it takes ET to delete this response again. Wow and I though this was an open forum - was I wrong....

OANDA has a 2 pips spread but since they don't sponsor anything on this forum one can't actually say anything about it....
 
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