Benefits of Trading FX

ZERO commissions

24 Hour Market Action and Liquidity

Execution Quality and Speed

ZERO commissions

In the currency market, you pay NO commissions and NO exchange fees. Because you deal directly with the market maker via a purely electronic online exchange, you eliminate both ticket costs and middleman brokerage fees. There is still a cost to initiating any trade, but that cost is reflected in the bid/ask spread that is also present in futures or equities trading. However, the FX trading station offers tight consistent spreads.

24 Hour Market Action and Liquidity

Unlike most futures exchanges, the currency market is a seamless 24-hour market. At 2:15 p.m.Sunday, New York time, trading begins as markets open in Sydney and Singapore. At 7 p.m. the Tokyo market opens, followed by London at 2 a.m., and finally New York at 8 a.m. As a trader, this allows you to react to favorable or unfavorable news by trading immediately. If important data comes in from England or Japan while the U.S. futures market is closed, the next day's opening could be a wild ride. (Overnight markets in futures currency contracts exist, but they can only be thinly traded, are not very liquid and are difficult for the average investor to access).

Execution Quality and Speed

The futures and equities market does not offer instant execution or price certainty. Even with electronic trading and limited guarantees of execution speed, the price for fills on market orders is far from certain. In the futures and equities market , the prices quoted by brokers often represent the LAST trade, not necessarily the price for which the contract will be filled. In contrast, with FX currency trading you get rapid execution and price certainty.