Foreign Exchange

Foreign ExchangeThe platform on which you’re about to trade, has earned “Best in Class” platform from FX Week and Euromoney. Through TradestoneTrader, you gain access to:

  • Over 25 currency crosses
  • Streaming prices for Spot, Forward Outrights
  • Industry-best pricing aggregated from tier 1 liquidity providers
  • Streaming news from premium financial sources: Dow Jones Newswire, MNI
  • Advanced charting and technical analysis tools
  • Up-to-date market research from leading experts
  • Market News and Information delivered directly to your PC via TradestoneTrader

Increase Your Investment Power

Tradestone Markets’ low margin rates allow you to gear your investment up to 30x the money that you invest. For example, use an investment deposit of  CAD 10,000 to hold a position of up to CAD 300,000 on the market.

World-class Risk Management with World-class Tools

The platform brings together advanced charts, analysis, research and pricing in a single window. Keep an eye on the market as you evaluate your portfolio, consider currency trades and read real-time streaming news. Manage your positions from the account summary providing you with real-time risk management.

Charts

Tradestone Markets’ real-time Forex pricing gives you live, tradable prices for the most popular currency crosses. The prices in the Quote module are delivered directly from the market and updated in real time. The price list displays the bid, ask, high, low and net change for each listed currency pair. The list also displays the last time (GMT) the currency pair was updated. When a currency pair is updated, the symbol is highlighted in orange. Falling prices are FX Chartmomentarily displayed in red and rising prices are momentarily displayed in green, enabling you to get a rapid overview of the direction in which prices are moving.The Forex charting system includes all major currencies and is based on real-time data from the world’s Forex markets. Many elements of the Forex chart module can be fully customised to suit your needs and preference, including:

  • Chart type
  • Time scale
  • Annotations
  • Technical studies

Conditions

Our target bid/ask spreads listed are our best possible target spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and auto-execution disabled. The spreads applicable to your account will be displayed in your TradestoneTrader. Please consult Tradestone Markets to obtain further information about our spread range and its implications to your account.

Margin Requirements

Forex is traded on margin, enabling you to leverage a small margin deposit for a greater market exposure.

Ticket Fees

For Forex trades below the Ticket Fee Threshold listed, a small ticket fee of CAD 10 is added to the trade to cover administration costs.

Margin Calls

You must maintain the margins listed in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions – normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

Forex Trading Hours

Your Tradestone Markets trading account is open for Forex trading from Monday 05:00 Sydney local time to Friday 17:00 New York local time.

Positions Held Until Their Value Date

Spot Forex positions held overnight will be rolled at end of Day (NY 5pm). As part of the rollover, positions are subject to a swap charge or credit, based on the LIBOR/LIBID interest rates of the two traded currencies with an added markup of +/- 0.25% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.75% for any unrealized profit/loss on the position.