Currency trading services

Live tradable prices

All prices quoted by INFX are actual dealing prices. There are no RFQs (Request For Quote) or "indicative" prices when you deal with us. If you see a price in our live dealing system you can be sure that it is an actual price you can deal on.

One of the unique features of INFX's IDeal trading platform is that clients can either deal on our rates or enter their price for other traders to deal on. In essence clients have the ability to be market makers, and they also have an option of placing their bids/offers inside or outside of the existing spread. You will not find narrower spreads than what we offer anywhere else. The MAXIMUM spread you will EVER see at INFX is 3 pips. Quite often our spreads are less than 3 pips.

Hours
Dealing desk is open 24 hours between 20:00 GMT on Sunday and 20:00 GMT on Friday.

Bid/Ask Spreads
One of the unique features of INFX's IDeal trading platform is that clients can either deal on our rates or enter their price for other traders to deal on. In essence clients have the ability to be market makers, and they also have an option of placing their bids/offers inside or outside of the existing spread. You will not find narrower spreads than what we offer anywhere else. The MAXIMUM spread you will EVER see at INFX is 3 pips. Quite often our spreads are less than 3 pips.

Margins
Margin level for intraday and overnight trades is 1% (100 to 1).

Transaction size
All INFX clients can trade starting from a minimum of 1 unit of base currency. There is no maximum trading volume limit and no RFQ (Request For Quote) required.

Deposit currency
All accounts are denominated in USD.

Immediate settlement
One of many differences between the INFX's IDeal trading platform and other, more traditional, fx trading environments is that IDeal offers immediate settlement of trades.

In the traditional fx market, the notion of settlement date for a trade refers to the date on which delivery of the base currency is made against receiving the specified amount of the quote currency from a second counter party, based on the agreed upon exchange rate. Typically, the settlement date is within two business days of the deal date. Currency traders, however, rarely deliver. Instead, they use what is referred to as a rollover swaps. The rollover swap is designed to allow the changing of an old deal date to the current date by simultaneously closing an open position for today's date and opening the same position for the next day at a price reflecting the interest rate differential between the two currencies.

In contrast, INFX's IDeal trading platform offers, as an option, immediate settlement, and there is no notion of a rollover swap.

Rollovers
In case you have selected an instant settlement option there will be no rollovers to worry about. Otherwise if your account is settled on a 2-day basis all overnight positions are rolled over to the next value date at 20:00 GMT.

Conversions
Profits or losses generated in currencies other than USD are converted to US dollars before being added or withdrawn.

Order details
INFX's dealing platform has a sophisticated mechanism for entering and tracking of every order. Orders up to 10 million of the base currency are guaranteed to be filled at the price entered with no slippage ever. All orders can be filled as: GTC (Good Till Canceled) when the order is active until you cancel it, GFS (Good For Session) - orders are active until the end of session at 20:00 GMT, GTD (Good Till Date) - orders are active until a specific date entered by the user.

Fees
No commissions, no transaction fees, no overnight carryover fees, no execution, or any other types of fees are ever charged by INFX.