Direct Market Access (DMA) to raw institutional spreads
Minimum initial deposit of $1,000
Competitive spreads (start from 0) for all major currencies
Minimum lot size is 0.01 with gradual steps of 0.01
Leverage available is from 1:100 to 1:500 (upon request)
No slippage under normal FX market conditions. Auto-fills ensure transparency
The widest variety of order types available. We accept all orders: MARKET, LIMIT, STOP
Automatic closure of positions
You can run both long and short positions in the same currency pair at any one time
You can run multiple positions for each currency pair which can be individually selected for closing
$US 3.5 commission per standard lot (USD 100,000) for each trade. The total commission of US$ 7 per 1 lot trade (includes US$ 3.5 for opening trade and US$ 3.5 for closing trade) is applied to the client’s trading account at the time a trade is opened.
For currency pairs with the different Base Currency from USD, the commission is calculated as 7 units of the Base Currency of the trade.
(Example: 1 lot (100,000) trade of AUDUSD or AUDCAD etc, then AU$ 7 commission will be applied, for the 1 lot trade).The commission is charged in the base currency of the account. For more details and examples please refer to our PDS
For precious metals traded via DMA account, commission is charged as follows: XAUUSD.dma (Gold)-US$ 7.5 per 1 lot (100 ounce) for each trade.
The total commission of US$ 15 per 1 lot trade (includes US$ 7.5 for opening trade and US$ 7.5 for closing trade) is applied to the client’s trading account
at the time a trade is opened.XAGUSD (Silver)-US$ 1.00 per 1 lot (1000 ounce) for each trade. The total commission of US$ 2.00 per 1 lot trade
(includes US$ 1.00 for opening trade and US$ 1.00 for closing trade) is applied to the client’s trading account at the time a trade is opened.
For more details and examples please refer to our PDS
DISCLAIMER: Forex FS strives to provide clients with the best execution and competitive spreads available via
direct market access. However, there may be times when market conditions (extreme volatility or volume) cause spreads to widen
beyond our typical spreads - this market condition is known as a 'fast market'. Fast market conditions may be caused by various
factors including, but not limited to, news releases such as non-farm payroll numbers, order imbalances-significantly greater
orders of one type (e.g., "buys") than another type (e.g., "sells"). Liquidity withdrawal is a common measure used by Liquidity
Providers at or right before the moment of key data releases such as the USA NFP. In the event of a fast market, spreads will
widen as the market ascertains the correct value of a currency and prices can gap - a price gap occurs when the price of a market
jumps from its last bid/offer quote to a new quote, without ever trading at prices in between those quotes. For example, EURUSD
could trade 1.3510/12 ahead of an economic data release or news event with the first quote following the event being 1.3060/80
if the data or news reflected such a shift in sentiment. In these instances, stop losses, entry orders and margin calls will be
executed at the best price available after the gap given the underlying market liquidity. Customers may experience a delay in
execution, re-quoted prices different to their requested trade price, or execution of orders at different levels depending on size
and reflecting the underlying market liquidity. Fast market conditions can occur at any time but are most common during economic
data releases or news events especially where liquidity is at a premium (for example national holidays) or after a week-end as the
market reopens. Wider spreads during fast market conditions or a market gap can significantly decrease the equity on your account
and can trigger a margin call or equity stop loss level (liquidation of the least profitable positions).