Spreads, Margin and Details

Hours

The currency trading dealing desk is continually open between Sunday 5:15 PM New York time and Friday 4:00 PM New York time.

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Mode of Trading

Quotations, Order Placement, and Confirmation available over the telephone or via the Internet. Bid/Ask Spreads are typically 3-5 pips on the Majors and 5-20 pips on the Crosses:

U.S. Dollar / Japanese Yen (4 pips)
U.S. Dollar / Swiss Franc (5 pips)
U.S. Dollar / Canadian Dollar (5 pips)
Euro / U.S. Dollar (3 pips)
Euro / Great Britain Pound (3 pips)
Euro / Japanese Yen (4 pips)
Euro / Swiss Franc (7 pips)
Euro / Canadian Dollar (10 pips)
Euro / Australian Dollar (15 pips)
Great Britain Pound / U.S. Dollar (5 pips)
Great Britain Pound / Japanese Yen (9 pips)
Great Britain pound / Swiss Franc (15 pips)
Swiss Franc / Japanese Yen (9 pips)
Australian Dollar / U.S. Dollar (4 pips)
Australian Dollar / Canadian Dollar (10 pips)
Australian Dollar / Japanese Yen (8 pips)
New Zealand Dollar / U.S. Dollar (4 pips)

Order Sizes

On the PFG forex trading platform all trades are executed in standard sizes of 100,000 base currency per one lot. There is no maximum trading volume on the PFG trading platform, however, for trading sizes larger than $10,000,000 traders must request a quote over the telephone.

Margin

PFG enables currency trading to be conducted on a highly leveraged basis. Higher leverage without proper risk management can lead to large losses as well as gains. You are able to select the degree of leverage or gearing that the client wishes to employ in trading.

Accounts Under $100,000 Min. $2,500 in equity per open lot (2.5%)

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