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For many, commission-free trading is one of the most attractive features of Forex.ca. Stock and futures traders find this hard to believe, but it's true. That's because stock and futures trading is done through a middleman - the broker - whose sole means of making money is by charging commissions. In contrast, when you deal thru Forex.ca you are charged no commissions and are not skimmed pips. Forex.ca is compensated for its services through the bid/ask spread. What's more, there are no exchange fees when dealing forex.
Forex.ca offers two platforms for desktop trading: FOREXTrader and FOREXTrader.web. Both offer a secure and robust environment in which to trade and manage your account. And with FOREXTrader.wireless, you can also access your account using your web-enabled phone, PDA, or Blackberry. Best of all, one user ID and password gives you access to all three trading platforms. The result? As a Forex.ca client, you'll benefit from maximum flexibility and full access to your trading account, no matter where you are. At Forex.ca, we realize our clients are highly dependant on the availability of our systems. Forex.ca utilizes: -
Enterprise Class Network / Infrastructure / Technology.
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Connections to multiple backbones to ensure that data reaches the end-user in the fastest, most efficient manner possible.
- Protection of the Network and Servers.
- Countless steps are taken to ensure that our infrastructure is protected and continues to operate at peak performance – physical security, controlled environmental conditioning, and back-up power generation.
Our clearing agent also has impressive fault tolerant systems including:
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A powerful and highly fault tolerant server farm that is specifically designed to support its 24-hour trading environment.
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A LIVE-LIVE horizontal redundancy model in their design and execution, and a team of system infrastructure specialists provide round the clock system support.
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The entire trading floor has been replicated at a disaster recovery site within close proximity of their site.
Our dedicated customer service team provides 24-hour support via phone, email and live chat. We support clients from every time zone and employ a multilingual staff to assist our clients in Spanish, French, Italian, Portuguese, , Russian, Hindi, Cantonese and Mandarin among others.
Forex.ca offers a flexible margin policy that allows you to choose the leverage that's right for you - all the way up to 100:1. The leverage available in forex is one of the main advantages of this market, especially for futures and stock traders. Higher leverage is possible because of unparalleled size of the Forex market - at over $1.2 trillion a day, the volume of the Forex market dwarfs the U.S equity markets by more than 30x. The sheer amount of transactions done every day in the Forex market makes it highly liquid, which in turn causes price stability. These three factors support the use of higher leverage. High leverage and low margin can magnify or lead to both substantial profits and losses. It should be noted that increasing leverage increases risk. For a more detailed description of trading on margin, click here.
The system performs a real time margin check and instantaneously returns a trade confirmation. Many forex firms claim to offer "real time executable prices" or "live dealing rates". What these other firms don't say is that they only allow customers to initiate a trade request from the quote. Their dealers review trade requests manually, giving them the opportunity to reject any deal and requote a new price. Invariably, requotes tend to occur at the most inopportune times, when you can least afford it. If you are subject to price requotes, the dealer is likely manipulating the price in their favor. Ask yourself, when was the last time you received a requote in your favor?
During trading hours, all stop and limit orders up to $2 million are guaranteed to be filled at your price. This policy does not apply during major fundamental announcements, or outside Forex.com's normal trading hours. We understand that stop loss and limit orders are an important part of every trader's risk management strategy, and so we take this policy very seriously.
At FOREX.ca, your risk is generally limited to funds on deposit. Our margin policy eliminates concerns about debit balances by ensuring that you will likely not owe more than you have in your account under normal market conditions. All of our charting tools are tailored to meet the needs of active Forex traders like you. FOREXTrader Charting is conveniently located directly on the FOREX.ca trading platform and is available at no cost to all trading clients as well as to registered demo users. See Forex Charting. All new accounts registered with Forex.ca receive free forex autotrading capabilities. When you register a new account with Forex.ca, you receive our New Opening Account Bonuses. |
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