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Trading Hours
5 PM ET Sun - 5 PM ET Fri
Currency Pairs
FXRaid offers trading in the following currency pairs:
EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/GBP, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, NZD/USD, GBP/CHF, AUD/JPY, EUR/AUD, EUR/CAD, AUD/CAD, NZD/JPY, CAD/JPY, GBP/CAD, GBP/NZD, GBP/AUD, AUD/NZD, CAD/CHF, AUD/CHF, NZD/CHF, USD/MXN
Dealing Spread
FXRaid offers 2 to 3 point spreads on major currencies. However, during the market volatility and time when major economic events or news released, spreads may widen.
Transaction sizes
Our deal sized in units of 10,000 (mini). All of the deals are numbered in terms of 'lots'.
Trading Minimums
A minimum transaction size is 1 lot, or 10,000 of the base currency. An account with a margin deposit of 1% would open a US$10,000 position and would require an initial margin deposit of US$100. If margin is 1:400 the requirement will be $ 25 per mini lot ($ 10,000).
Price Quote and Online Trading
Our online platform allows traders to execute trades directly from FXRaid bid/ask quotes. Prices are continuously updated on our trading platform and you can execute trades at any time online on current bid or offer price.
Software automatically calculates the initial margin requirement based upon amount of the deal, and if sufficient funds are available in your account, your order will be accepted by FXRaid. Deals are confirmed online, and the system instantaneously updates both your open position and calculates your current floating P&L. All reports are available online at FXRaid Web Site.
Margin
FXRaid enables foreign currency trading to be executed on leveraged basis. Every client is able to request acceptable custom leverage for standard or mini lots.
FXRaid platform will constantly monitor the leverage levels of all accounts. FXRaid makes no guarantees that we will contact clients whose accounts are near the minimum equity requirement for their open positions. Clients are fully responsible for monitoring the activity in their accounts.
In the event that an account exceeds its maximum allowable leverage, FXRaid retains the right to liquidate all or a portion of the Open positions in the account.
Rollover
A rollover is the simultaneous closing of an open position for today's value date, (normally at the end of the trading day) and the opening of the same position for the next day's value date at a price reflecting the interest rate differential between the two currencies.
On Wednesday, all positions which are rolled overnight to Thursday would have the value date of the following Monday. To account for the two days of interest for the weekend when banks are not open and actual delivery cannot be made, FXRaid will credit or charge three times interest for positions rolled over on Wednesday as per industry standard.
Confirmations
Deals are confirmed online through FXRaid platform, typically within seconds. Full transaction details may be accessed online as well; including date, time, rate, amount bought and sold, P&L, value, and reference number.
Reporting
FXRaid platform tracks all trading activity in near by real time, allowing customers to view current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details online.
Account Statements
Account statements can be accessed 24/7 through
FXRaid Web Site.
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Trading with FXRaid
