Reliable FX broker for larger accounts? | Forex Factory

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Reliable FX broker for larger accounts?

Hi, I got withdraw problems with IC Markets recently. They are asking me stupid questions to delay my withdraws. Same questions they asked me some months ago regarding source of my income, which is all trading based. This was solved months ago, but they came up everytime again I wanted to withdraw over 50k Euro. Below that amount there is only 1 day delay. The second problem is execution fills are much worse this year than prior. Especially when you trade above 10 lots on each trade you pay easily 0.5 to 1 full pip slip then 0.5 pip spread for FX Minors (not Exotics) and then the commission (where I use 40% rebate kickback website). But still overall I am paying over 2 full pips (>20 points) to get in and out. I have a trust problem now as I am not sure how save my deposits are with IC Markets. You know all the big ones one time had problems, like Refco and FXCM. So the question is what are my options ?

IS Prime only takes firms, also Stonex Pro. Baxter-fx I heard not good things about here. It seems all the better ones want a firm structure I do not have as private trader. And because of taxes I want to stay private. Saxo I read too many bad things on trustpilot too. So which good FX brokers you can suggest ?

Do not come with IG, CMC Markets, or Pepperstone, Tickmill. They are all those retailers I do not really trust. Suggestions ?

Advancedmarkets is cayman based so not regulated though the address it shows UK, but are they then FCA regulated ?
And Interactive Brokers seems safe but they charge 3% margin maintenance for most interesting FX. Margin of 1% would be good.
Sounds like your order flow is being considered toxic. You scalping? ( definition for this discussion being holds of under 15 mins )
You could break up your orders and trade copy to several “ trusted “ FX providers.
Rebates are baked into the cake.
This is not what you are asking, but have you considered futures for the majors? You will be frustrated with partials on some transactions though.
No I am swing trading only, trade duration minimum 48 hours. My swap cost are higher than what I paid for commission. And yes I am considering trading Futures only but I have no idea about the liquidity how much is provided from Spot market to FX Futures market. Any idea ? Actually I do not know how much swap trading cost for overnight I can save with FX Futures. But I think it can be a lot. Swap cost are relatively high on the Spot FX retail space. Anyone made already a calculation here ?
Mark ... Everything you have been told is a LIE
Can't help with a broker. Discount keeps cost down.
Mark ... Everything you have been told is a LIE
Got some news regarding Advancedmarkets.com formerly known as Advancedmarketsfx.com. They do onboarding as professional client only and with FCA regulation.
So I would qualify and the account minimum as $50k. And they do charge $7 to $15 per million traded as commission depending on trading volume. These are the swap rates, they are better than what is IC Markets offering. And they have the best swap rates among all retail Spot FX brokers. Here are Advancedmarkets swap rates, I also guess the book is deeper so less slippage:

Symbol,Base Amount,Long Cost($),Short Cost($),Last Update,Charged By Dealt CCY
#AUD/CAD,10000,0.09,-0.44,2025-11-11 20:05:02.34,NO
#AUD/CHF,10000,0.31,-1.07,2025-11-11 20:05:02.36,NO
#AUD/JPY,10000,0.26,-0.93,2025-11-11 20:05:02.363,NO
#AUD/NZD,10000,0.03,-0.34,2025-11-11 20:05:02.363,NO
#AUD/SGD,10000,0.18,-0.73,2025-11-11 20:05:02.367,NO
#AUD/USD,10000,-0.16,0.04,2025-11-11 20:05:02.37,NO
#CAD/CHF,10000,0.19,-0.71,2025-11-11 20:05:02.37,NO
#CAD/JPY,10000,0.15,-0.58,2025-11-11 20:05:02.373,NO
#CHF/JPY,10000,-0.31,0.06,2025-11-11 20:05:02.377,NO
#CHF/SGD,10000,-0.78,0.15,2025-11-11 20:05:02.377,NO
#DKK/JPY,10000,-0.25,-0.4,2025-11-11 20:05:02.38,NO
#EUR/AUD,10000,-0.86,0.2,2025-11-11 20:05:02.38,NO
#EUR/CAD,10000,-0.13,-0.04,2025-11-11 20:05:02.383,NO
#EUR/CHF,10000,0.27,-1.08,2025-11-11 20:05:02.387,NO
#EUR/CNH,10000,0.02,-0.35,2025-11-11 20:05:02.387,NO
#EUR/CZK,10000,-0.71,0.14,2025-11-11 20:05:02.39,NO
#EUR/DKK,10000,-1.51,-1.92,2025-11-11 20:05:02.393,NO
#EUR/GBP,10000,-1.19,0.26,2025-11-11 20:05:02.397,NO
#EUR/HKD,10000,-0.42,0.04,2025-11-11 20:05:02.397,NO
#EUR/HUF,10000,-2.28,0.68,2025-11-11 20:05:02.4,NO
#EUR/ILS,10000,-1.3,0.25,2025-11-11 20:05:02.4,NO
#EUR/JPY,10000,0.21,-0.85,2025-11-11 20:05:02.403,NO
#EUR/MXN,10000,-3.6,0.61,2025-11-11 20:05:02.407,NO
#EUR/NOK,10000,-2.26,-0.29,2025-11-11 20:05:02.407,NO
#EUR/NZD,10000,-0.54,0.07,2025-11-11 20:05:02.41,NO
#EUR/PLN,10000,-1.17,0.35,2025-11-11 20:05:02.413,NO
#EUR/SEK,10000,-0.97,-0.93,2025-11-11 20:05:02.413,NO
#EUR/SGD,10000,0.08,-0.52,2025-11-11 20:05:02.417,NO
#EUR/TRY,10000,0,0,2023-07-19 14:55:55.743,NO
#EUR/USD,10000,-0.87,0.43,2025-11-11 20:05:02.417,NO
#EUR/ZAR,10000,-2.6,0.69,2025-11-11 20:05:02.42,NO
#GBP/AUD,10000,0.03,-0.25,2025-11-11 20:05:02.423,NO
#GBP/CAD,10000,0.31,-1.1,2025-11-11 20:05:02.427,NO
#GBP/CHF,10000,0.72,-2.37,2025-11-11 20:05:02.427,NO
#GBP/DKK,10000,-0.72,-1.85,2025-11-11 20:05:02.43,NO
#GBP/ILS,10000,-0.42,-0.25,2025-11-11 20:05:02.433,NO
#GBP/JPY,10000,0.57,-2.06,2025-11-11 20:05:02.433,NO
#GBP/NOK,10000,-1.14,-0.86,2025-11-11 20:05:02.437,NO
#GBP/NZD,10000,0.11,-1.03,2025-11-11 20:05:02.437,NO
#GBP/SEK,10000,-0.32,-2.13,2025-11-11 20:05:02.44,NO
#GBP/SGD,10000,0.41,-1.66,2025-11-11 20:05:02.443,NO
#GBP/TRY,10000,0,0,2023-07-19 14:55:55.773,NO
#GBP/USD,10000,-0.65,-0.09,2025-11-11 20:05:02.447,NO
#MXN/JPY,10000,0.04,-0.2,2025-11-11 20:05:02.447,NO
#NOK/JPY,10000,0,-0.31,2025-11-11 20:05:02.45,NO
#NOK/SEK,10000,-0.13,-0.29,2025-11-11 20:05:02.45,NO
#NZD/CAD,10000,0.01,-0.32,2025-11-11 20:05:02.453,NO
#NZD/CHF,10000,0.19,-0.85,2025-11-11 20:05:02.457,NO
#NZD/JPY,10000,0.15,-0.73,2025-11-11 20:05:02.457,NO
#NZD/USD,10000,-0.33,0.06,2025-11-11 20:05:02.46,NO
#RUB/JPY,10000,0,0,2025-11-11 20:05:02.463,NO
#SEK/JPY,10000,-0.01,-0.16,2025-11-11 20:05:02.467,NO
#SGD/JPY,10000,0.08,-0.3,2025-11-11 20:05:02.467,NO
#TRY/JPY,10000,0.01,-0.04,2025-11-11 20:05:02.47,NO
#USD/CAD,10000,0.28,-0.81,2025-11-11 20:05:02.473,NO
#USD/CHF,10000,0.55,-1.83,2025-11-11 20:05:02.473,NO
#USD/CNH,10000,0.2,-1.22,2025-11-11 20:05:02.503,NO
#USD/CZK,10000,0.05,-0.47,2025-11-11 20:05:02.477,NO
#USD/DKK,10000,-0.54,-1.99,2025-11-11 20:05:02.477,NO
#USD/HKD,10000,0.08,-0.68,2025-11-11 20:05:02.48,NO
#USD/HUF,10000,-1.15,0.31,2025-11-11 20:05:02.483,NO
#USD/ILS,10000,-0.15,-0.16,2025-11-11 20:05:02.487,NO
#USD/JPY,10000,0.64,-1.39,2025-11-11 20:05:02.487,NO
#USD/MXN,10000,-2.24,0.26,2025-11-11 20:05:02.49,NO
#USD/NOK,10000,-1.22,-1.27,2025-11-11 20:05:02.49,NO
#USD/PLN,10000,-0.18,0.03,2025-11-11 20:05:02.493,NO
#USD/RUB,10000,-10.71,1.81,2025-11-04 17:32:55.833,NO
#USD/SEK,10000,-0.36,-2.04,2025-11-11 20:05:02.497,NO
#USD/SGD,10000,0.35,-1.27,2025-11-11 20:05:02.5,NO
#USD/THB,10000,-5.42,-4.49,2025-11-11 20:05:02.503,NO
#USD/TRY,10000,0,0,2023-07-19 14:55:55.837,NO
#USD/ZAR,10000,-1.4,0.33,2025-11-11 20:05:02.5,NO
#XAG/EUR,10000,-70.78,12.06,2025-11-11 20:05:02.51,NO
#XAG/USD,10000,-99.25,18.9,2025-11-17 12:29:26.627,NO
#XAU/AUD,10000,-883.8,656.6,2025-11-11 20:05:02.513,NO
#XAU/EUR,10000,-3002.49,2412.29,2025-11-11 20:05:02.517,NO
#XAU/JPY,10000,-304,82.8,2025-11-11 20:05:02.517,NO
#XAU/USD,10000,-5636,4978,2025-11-11 20:05:02.52,NO
#XBR/USD,10000,-114,-255,2025-11-14 12:17:01.393,NO
#XNG/USD,10000,-136.7,61.7,2025-11-14 12:17:01.393,NO
#XPD/USD,10000,-452,-446,2025-11-11 20:05:02.523,NO
#XPT/USD,10000,-1524,-119,2025-11-11 20:05:02.523,NO
#XTI/USD,10000,-171,-88,2025-11-14 12:17:01.393,NO
#ZAR/JPY,10000,-0.14,-0.17,2025-11-11 20:05:02.507,NO
AAPL,1,-0.01,-0.02,2021-12-23 11:04:56.973,NO
ALUM,1,-0.35,0.26,2025-11-14 12:17:01.393,NO
AMZN,1,-0.16,-0.23,2021-12-23 11:04:57.0,NO
AUS200,1,0.11,-0.62,2020-10-27 17:17:37.553,NO
AUS200X,1,3.84,-7.04,2024-05-23 14:37:43.873,NO
AXP,1,-0.01,-0.02,2021-12-23 11:04:57.0,NO
BA,1,-0.01,-0.02,2021-12-23 11:04:57.003,NO
BABA,1,-0.01,-0.02,2021-12-23 11:04:57.007,NO
BARC,1,-0.01,-0.02,2021-12-23 11:04:57.08,NO
BCCUSD,1,-0.5,-0.27,2025-11-14 12:17:01.393,NO
BCHUSD,100,-31.19,3.47,2025-11-14 12:17:01.393,NO
BIDU,1,-0.01,-0.02,2021-12-23 11:04:57.007,NO
BTCUSD,1,-84.36,-45.75,2025-11-14 12:17:01.393,NO
C,1,-0.01,-0.02,2021-12-23 11:04:57.01,NO
CAT,1,-0.01,-0.02,2021-12-23 11:04:57.013,NO
CHA50,1,0,0,2021-10-15 16:27:46.797,NO
CHA50X,1,-2.17,0.83,2025-04-18 15:00:36.797,NO
CHH,1,0,0,2021-10-15 16:27:46.797,NO
COCOA,1,-7.58,3.67,2025-11-14 12:17:01.393,NO
COFFEE,1,22.71,-36.5,2025-11-14 12:17:01.393,NO
COIN,1,-0.014,-0.028,2021-04-22 11:38:25.84,NO
COPPER,1,-0.08,0.06,2025-11-14 12:17:01.393,NO
CSCO,1,-0.01,-0.02,2021-12-23 11:04:57.017,NO
CVX,1,-0.01,-0.02,2021-12-23 11:04:57.017,NO
DB,1,-0.01,-0.02,2021-12-23 11:04:57.02,NO
DIS,1,-0.01,-0.02,2021-12-23 11:04:57.023,NO
EOSUSD,1000,-0.16,0.02,2025-11-14 12:17:01.393,NO
ETCUSD,1,-4.59,-2.49,2025-11-14 12:17:01.393,NO
ETHUSD,100,-129.94,4.48,2025-11-14 12:17:01.393,NO
EUSTX50,1,-0.71,-0.01,2025-11-14 12:17:01.393,NO
EUSTX50X,1,3.84,-7.04,2024-05-23 14:37:43.877,NO
FB,1,-0.02,-0.03,2021-12-23 11:04:57.023,NO
FRA40,1,-0.27,-0.4,2020-10-27 17:17:37.593,NO
FRA40X,1,2.5,-22.5,2024-05-23 14:37:43.88,NO
GE,1,-0.01,-0.02,2021-12-23 11:04:57.027,NO
GER30,1,-0.62,-1.08,2022-06-07 16:38:43.933,NO
GER30X,1,-0.62,-1.08,2022-06-07 16:38:43.99,NO
GER40,1,-3.01,-0.02,2025-11-14 12:17:01.393,NO
GER40X,1,2.5,-22.5,2024-05-23 14:37:43.88,NO
GOOG,1,-0.14,-0.22,2021-12-23 11:04:57.03,NO
GS,1,-0.02,-0.03,2021-12-23 11:04:57.03,NO
HD,1,-0.02,-0.03,2021-12-23 11:04:57.033,NO
HK50,1,-0.51,0.13,2025-11-14 12:17:01.393,NO
HK50X,1,0,0,2024-05-23 14:37:43.883,NO
IBM,1,-0.01,-0.02,2021-12-23 11:04:57.037,NO
IND50X,1,-3.11,1.18,2025-04-18 15:00:36.8,NO
INTC,1,-0.01,-0.02,2021-12-23 11:04:57.037,NO
JD,1,-0.01,-0.02,2021-12-23 11:04:57.04,NO
JNJ,1,-0.01,-0.02,2021-12-23 11:04:57.043,NO
JPM,1,-0.01,-0.02,2021-12-23 11:04:57.043,NO
JPN225,100,-2.19,-1.4,2025-11-14 12:17:01.393,NO
JPN225X,100,0,0,2024-05-23 14:37:43.887,NO
KO,1,-0.01,-0.02,2021-12-23 11:04:57.047,NO
LITUSD,1,-0.15,-0.08,2025-11-14 12:17:01.393,NO
LTCUSD,100,-5.88,0.65,2025-11-14 12:17:01.393,NO
MCD,1,-0.01,-0.02,2021-12-23 11:04:57.05,NO
MMM,1,-0.01,-0.02,2021-12-23 11:04:57.053,NO
MRK,1,-0.01,-0.02,2021-12-23 11:04:57.053,NO
MSFT,1,-0.02,-0.03,2021-12-23 11:04:57.057,NO
NAS100,1,-4.34,1.59,2025-11-14 12:17:01.393,NO
NAS100X,1,0,0,2024-05-23 14:37:43.89,NO
NEOUSD,100,-0.32,0.04,2025-11-14 12:17:01.393,NO
NKE,1,-0.01,-0.02,2021-12-23 11:04:57.057,NO
PFE,1,-0.01,-0.02,2021-12-23 11:04:57.06,NO
PG,1,-0.01,-0.02,2021-12-23 11:04:57.063,NO
RIPUSD,1,0,0,2025-11-14 12:17:01.393,NO
SING,1,0,0,2021-10-18 16:53:17.95,NO
SPA35,1,-3.11,1.04,2025-11-14 12:17:01.393,NO
SWI20,1,-0.86,-0.56,2025-11-14 12:17:01.393,NO
T,1,-0.01,-0.02,2021-12-23 11:04:57.067,NO
TSLA,1,-0.05,-0.07,2021-12-23 11:04:57.067,NO
UK100,1,-2.09,0.7,2025-11-14 12:17:01.393,NO
UK100X,1,0,0,2024-05-23 14:37:43.89,NO
UKOIL,10000,96.33,-231.15,2025-11-14 12:17:01.393,NO
US2000,1,-0.19,0,2020-10-27 17:17:37.657,NO
US30,1,-8.16,2.99,2025-11-14 12:17:01.393,NO
US30X,1,0,0,2024-05-23 14:37:43.893,NO
US500,1,-1.17,0.43,2025-11-14 12:17:01.393,NO
US500X,1,0,0,2024-05-23 14:37:43.897,NO
USBKT,100,-0.32,-1.24,2025-11-14 12:17:01.393,NO
USOIL,10000,3.4,-98.9,2025-11-14 12:17:01.393,NO
V,1,-0.01,-0.02,2021-12-23 11:04:57.07,NO
VZ,1,-0.01,-0.02,2021-12-23 11:04:57.073,NO
WMT,1,-0.01,-0.02,2021-12-23 11:04:57.077,NO
XBTUSD,100,-3903.92,134.62,2025-11-14 12:17:01.393,NO
XLMUSD,1000,-0.16,0.02,2025-11-14 12:17:01.393,NO
XOM,1,-0.01,-0.02,2021-12-23 11:04:57.077,NO


Any opinions ? I am still considering trading FX Futures only, as I do not like the idea anyone is playing with my deposits and positions. On Futures I know there is always a counterparty. And swaps should be best on Futures. I am still in in talk with Stonex Pro division the professional side from Forex.com aka Stonex Group now.
Also on FX Futures you do not have spread widenings. Often IC Markets makes spread widenings these days with no news. And on rollover times sometimes it increases to 60 or even 80 pips (800 points on 5 digits) wide on a certain point. I hate those spread widenings at all. And it happens more often that a sudden a zero to five points spreads increases to 20 points in a second for some seconds and then goes back. It makes it impossible to calculate the trading cost beforehand, because when you enter with the mouse on the button you are at risk for sudden spread widenings. Something that never ever happens in the FX Futures market. What would you do ?
have you tried afterprime.com ? they claimed to be A book broker .
No I am swing trading only, trade duration minimum 48 hours. My swap cost are higher than what I paid for commission. And yes I am considering trading Futures only but I have no idea about the liquidity how much is provided from Spot market to FX Futures market. Any idea ? Actually I do not know how much swap trading cost for overnight I can save with FX Futures. But I think it can be a lot. Swap cost are relatively high on the Spot FX retail space. Anyone made already a calculation here ?
Surprising, reading between the lines I thought you must’ve been a successful scalper to warrant that slippage.
The liquidity is there with futures. 20 lots covered easily but price does run and you can get caught on the bid/ask with partials to get filled. I’ve always thought Fut’s were the better option for scalping with spot for position trading. There is a cost of carry with fut’s ( formula available at CME website )
One other thing, with futures there is 60 minute window between sessions where trading ceases.
{quote} Surprising, reading between the lines I thought you must抳e been a successful scalper to warrant that slippage. The liquidity is there with futures. 20 lots covered easily but price does run and you can get caught on the bid/ask with partials to get filled. I抳e always thought Fut抯 were the better option for scalping with spot for position trading. There is a cost of carry with fut抯 ( formula available at CME website ) One other thing, with futures there is 60 minute window between sessions where trading ceases.
That is the good thing that there are no rollover gaps at all and no spread widenings at all with Futures. That 5pm EST hour is usually full of spread widenings, so I am happy that Futures markets are closed here. Also I assume because of the symmetric swap trading cost that my swap fees should be around half what I paid to IC Markets. So that is huge. And if I am not get filled on a certain tick I can just use limit orders and wait, as I am swing trading and a few minutes or even hours for entry and exit does not matter that much.
have you tried afterprime.com ? they claimed to be A book broker .
They look like an IC Markets clone. Same slogan that withdraws must be same sourse as deposits. Second the funding option similar to IC, than $7 rtl same as IC. Then Seychelles entity same as IC here. I do not think that this is a real A-book from what I am reading. It looks to retail for me. I do not trust them.
THis is the actual market depth from Advancedmarkets Broker just right now made. It is much better than IC Markets book. Still much more for swap rates I would pay than with Futures. What do you think ?
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Trading venue: MT5, FIX API, or our web trader. The monthly minimum commission for each is as follows:

  1. MT5 / Webtrader: $1,000 monthly minimum commission
  2. FIX API: $1,500 - $2,000 monthly minimum commission


So with $3 roundturnlot max. commission they take at Advancedmarkets with HQ in London and FCA regulated, it would 333 lots roundturn per month minimum.

{quote} They look like an IC Markets clone. Same slogan that withdraws must be same sourse as deposits. Second the funding option similar to IC, than $7 rtl same as IC. Then Seychelles entity same as IC here. I do not think that this is a real A-book from what I am reading. It looks to retail for me. I do not trust them.
They are former Global Prime founder , and they have a strong reputation in the FX industry. Both Global Prime and Afterprime enjoy good reviews on Trustpilot.com and ForexPeaceArmy.com. The same cannot be said for AdvancedMarkets.com. You should check out their discord .
{quote} They are former Global Prime founder , and they have a strong reputation in the FX industry. Both Global Prime and Afterprime enjoy good reviews on Trustpilot.com and ForexPeaceArmy.com. The same cannot be said for AdvancedMarkets.com. You should check out their discord .
What is the issue with AdvancedMarkets as I have not found any official Discord Server ? Are you sure you are referring to same broker as I have not found anything ?
Again withdraw issues from IC Markets, it is unbelievable the current situation there.
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Stonex Pro not interesting, see their offer here:

"As I mentioned on an earlier email, I抦 not quite sure if our wholesale FX service is what you抮e looking for. If the below doesn抰 work, I抦 happy to provide details on our Partnerships pricing.

I抳e attached our Product Specification document for our FXPB service offering. The document outlines the currencies covered, tenors and margin rates as well as cut-off times for trading. Our swap rates are determined by the market ?our dealing team takes the overnight swap rate from different market sources (to find the best value) and apply a small mark up to the rate (0.05bps) per million open position.

For 50 lots (5m) trades, we抎 create a full-amount stream RFS ?in this way, you抮e getting a quote directly from the underlying market for the full 5m rather than going through the order book. Our TOB price is good to approximately 3m, as long as that抯 full amount and you抮e repeatedly hitting 3m on repeat to trade a larger aggregated amount. Our account minimum is $100k. Commission is approximately $50 - $60 per million mark up baked into the spread."

Attached File(s)
File Type: pdf StoneXPro - FX Product Specifications.pdf   287 KB | 104 downloads

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{quote} What is the issue with AdvancedMarkets as I have not found any official Discord Server ? Are you sure you are referring to same broker as I have not found anything ?
Advanced Markets has bad reviews on both Trustpilot.com and ForexPeaceArmy.com.
I meant the Discord for AfterPrime.com ?if you want to check out their broker, you can join it and ask them anything you're interested in, such as product specifications, liquidity providers, etc
Answer to those complaints from Advancedmarkets:

"
If you believe these, then I have a good deal on the Brooklyn Bridge I can sell you. I will entertain this retail stuff one time.

Trust Pilot – Simone Deaibes – name isn’t in our CRM (means no account) / claims they were following a strategy provider and copy trades (we don’t allow that here as we are professional only!!) All accounts are separate and no copy traders at AM UK.

Then, ForexPeace army – Leverage 500:1 (we’ve never provided that since we opened in 2006)

Oh, and this idiot Simona D seems a lot like the guy from Trust Pilot, retail from Lebanon. Another reason he never had an account with us, as Lebanon is not on the countries list we can accept. It’s a scam. All these guys seems very retail??

Andreas, again, we are not retail and I do not deal with retail."

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Regarding Stonex Pro offer they are out for me. They said regarding margins and trading cost the following to me today:

"Those are initial margin rates, yes. If, for example, you intend to have open positions of 50m EUR/USD, we would request that you deposit 3% of that notional amount in order to activate the account and NOP. Furthermore, we do not use your initial margin to cover any variation margin (VM) on the positions. If your account is on margin call, we will inform you of the amount of margin due, and you will deposit this amount with us within 24 hours of the margin call. There isn't an auto-closeout levels on the system, however, we do retain the right to liquidate the account in cases of extreme volatility or where the VM has not been paid.
I don抰 have the swap rates available for the currencies. As I mentioned, we take the market rates and add a mark-up, and this is applied to the client account. $50/mm is $50/mm on the open and $50/mm on the close. We apply a $4,000 monthly market access charge to the account which is waived if volumes exceed $400m notional."