Euro & Pound Accounts
Don't Want to Hold Funds in USD?
Accounts offered - GBP, EUR, and JPY denominated accounts!
can choose the base currency for your deposits. Where most firms offer
the option of sending funds in the currency of your choice, they will
only let you hold your account equity in one currency. For UK firms,
they make you hold funds in pounds. With US Firms, they will convert
your funds in dollars.
The currency you chose to hold account equity will serve as the base
currency for your account. Account Equity, P/L, Margin, Interest will
all be denominated in the base currency you chose. You can choose to
have the account denominated in the base currency of your native country
or keep your funds in a currency that will experience long-term
Why Trade a Non-USD Denominated Account?
Convenience & Savings - European and Asian clients no longer have
to convert currency into US dollars in order to trade. The cost of
converting funds into USD and then back into one's native currency can
be very costly. Conversion rates are often 40 to 100 pips off the
market! By opening an account denominated in one's native currency,
conversions can be avoided, saving clients hundreds of pounds or euros,
or thousands of yen.
Long-Term Speculative View - Opening an account in GBP, EUR, or JPY
enables traders to benefit from long-term appreciation of their
account's base currency. If GBP, EUR, or JPY is not your native currency
you can still place non-leveraged currency trade by opening a foreign
currency denominated account. If the currency of the account
appreciates, traders can realize gains when converting funds back into
their native currency.
Standard trade size 10,000 units
Margin requirement is fixed
at 50 units of the account's base currency per lot. This high
degree of leverage should be used judiciously as it can lead to
large losses as well as gains.
Euro/ Great Britain Pound (10,000 Euros)
GBP denominated accounts have access to three additional currency pairs:
GBP/CAD (15 pip spread), GBP/AUD (15 pip spread) and GBP/NZD (30 pip