Forex Mini
FAQ's
How
can T & K
Futures offer smaller
trading sizes?
Smaller
trade sizes pose
several challenges
to foreign exchange
firms. There are two
primary issues that
have prevented firms
from offering
smaller trade sizes:
high labor costs and
risk management.
Executing smaller
size trades takes
the same effort as
executing larger
trades. To offer
smaller trade sizes,
most firms would
have to hire more
dealers, which would
make the cost
exorbitant. The
PFG Forex Mini
account features
automatic execution
for most accounts.
All trades are
executed without
human intervention
(just like a demo
account). This keeps
labor costs low. The
second issue is risk
management. The
smaller size trades
offered on the
PFG Forex Mini
account are
difficult to offset
in the broader
market. PFG
has developed a
proprietary risk
protocol for the
Forex Mini, which involves
aggregating volume
into sizes that can
be offset in the
broader market.
Click here and open a mini account
now
What
is the difference
between the PFG
Forex
Mini account and a
regular account?
The
PFG Forex Mini
account is designed
to introduce traders
to the excitement of
trading currencies
online and for those
with limited
investment capital.
With a Mini account,
you trade using the
same platform as our
regular traders.
With as little as
$5000, a trader can
open a PFG Forex Mini
account and begin
trading foreign
exchange with
T & K Futures.
On the Mini trading
platform all trades
are executed in
standard sizes of
20,000 base currency
per one lot, 1/5th
the size of a
regular account. The
smaller trade sizes
enable traders to
take smaller size
risks. The PFG
Forex
Mini account also
serves to introduce
clients to trading
with T & K Futures.
How
does the Margin Call
work?
If the equity
balance in your
account falls below
the margin
requirement, a
margin call will be
generated. In the
event that an
account exceeds its
maximum allowable
leverage, ALL open
positions will be
liquidated
immediately,
regardless of the
size or the nature
of positions held
within the account.
Clients are not
notified prior to
the liquidation of
their positions.
Do
you Charge a
Commission on the
forex Mini account?
T
& K Futures charges no
commission or
transaction fees to
trade a PFG
Mini account.
PFG and T & K
Futures are compensated
through the bid/ask
spread. PFG
receives and is able
to pass on the
benefits of its size to
our clients.
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