Standard account spread rates
| |
| Majors |
Streaming
currency pairs |
Spread
as low as* |
| AUDUSD |
0.0003 |
| EURUSD |
0.00028 |
| GBPUSD |
0.00028 |
| USDCAD |
0.0004 |
| USDCHF |
0.00028 |
| USDJPY |
0.028 |
| |
| Euro Crosses |
Streaming
currency pairs |
Spread
as low as* |
| EURAUD |
0.0008 |
| EURCAD |
0.0007 |
| EURCHF |
0.0003 |
| EURDKK |
0.0005 |
| EURGBP |
0.0002 |
| EURJPY |
0.03 |
| EURNOK |
0.0030 |
| EURPLN** |
0.0040 |
| EURSEK |
0.0030 |
| EURTRY** |
0.0030 |
| |
| Other Rates |
Streaming
currency pairs |
Spread
as low as* |
| AUDCAD |
0.0008 |
| AUDCHF |
0.0009 |
| AUDJPY |
0.06 |
| AUDNZD |
0.0013 |
| CADCHF |
0.0007 |
| CADJPY |
0.05 |
| CHFDKK |
0.0017 |
| CHFJPY |
0.0005 |
| CHFNOK |
0.0025 |
| CHFSEK |
0.0025 |
| DKKSEK |
0.0007 |
| GBPAUD |
0.0010 |
| GBPCAD |
0.0009 |
| GBPCHF |
0.0007 |
| GBPDKK |
0.0050 |
| GBPJPY |
0.08 |
| GBPNOK |
0.0060 |
| GBPNZD |
0.0025 |
| GBPSEK |
0.0050 |
| NOKSEK |
0.0008 |
| NZDJPY |
0.06 |
| NZDUSD |
0.0004 |
| USDDKK |
0.0009 |
| USDHKD |
0.0007 |
| USDMXN*** |
0.0050 |
| USDNOK |
0.0035 |
| USDPLN** |
0.0040 |
| USDSEK |
0.0040 |
| USDSGD |
0.0006 |
| USDTRY** |
0.0020 |
| USDZAR |
0.0100 |
|
Institutional account spread rates
| |
| Majors |
Streaming
currency pairs |
Spread
as low as* |
| AUDUSD |
0.0003 |
| EURUSD |
0.00018 |
| GBPUSD |
0.00028 |
| USDCAD |
0.0004 |
| USDCHF |
0.00028 |
| USDJPY |
0.018 |
| |
| Euro Crosses |
Streaming
currency pairs |
Spread
as low as* |
| EURAUD |
0.0005 |
| EURCAD |
0.0007 |
| EURCHF |
0.0003 |
| EURDKK |
0.0003 |
| EURGBP |
0.00005 |
| EURJPY |
0.03 |
| EURNOK |
0.0025 |
| EURPLN** |
0.0035 |
| EURSEK |
0.0025 |
| EURTRY** |
0.0020 |
| |
| Other Rates |
Streaming
currency pairs |
Spread
as low as* |
| AUDCAD |
0.0006 |
| AUDCHF |
0.0008 |
| AUDJPY |
0.04 |
| AUDNZD |
0.0011 |
| CADCHF |
0.0006 |
| CADJPY |
0.04 |
| CHFDKK |
0.0009 |
| CHFJPY |
0.0004 |
| CHFNOK |
0.0025 |
| CHFSEK |
0.0020 |
| DKKSEK |
0.0006 |
| GBPAUD |
0.0009 |
| GBPCAD |
0.0009 |
| GBPCHF |
0.0006 |
| GBPDKK |
0.0030 |
| GBPJPY |
0.07 |
| GBPNOK |
0.0050 |
| GBPNZD |
0.0020 |
| GBPSEK |
0.0040 |
| NOKSEK |
0.0007 |
| NZDJPY |
0.06 |
| NZDUSD |
0.0004 |
| USDDKK |
0.0009 |
| USDHKD |
0.0006 |
| USDMXN*** |
0.0040 |
| USDNOK |
0.0030 |
| USDPLN** |
0.0040 |
| USDSEK |
0.0030 |
| USDSGD |
0.0005 |
| USDTRY** |
0.0020 |
| USDZAR |
0.0070 |
|
*These are standard rates that are quoted during normal and liquid market conditions, spreads can be subject to enlargement due to the following occurances:
- Central bank rate decisions (ECB, FED, BOE; BOJ etc).
- Monetary policy decisions (FOMC meetings etc).
- Unexpected events leading to volatile market conditions.
- Volatile market conditions.
- Illiquid market conditions (public holidays etc.)
- Important value of open positions.
- Large transaction sizes.
In order to reflect on the real market dynamics ACM broadcasts factual spreads receivable from our liquidity providers. Our systems are conceived to choose and transmit the best prices available to us from our partner banks. However, high market volatility caused by lasting macroeconomic effects may cause our counterparties to quote larger-then-normal spreads on non-RFQ systems, causing ACM to adapt to this environment in real time.
|
|
**These pairs can be traded live from 9h00 - 21h00 CET. Outside this time;
limit/stop orders and margin requirements are being monitored.
We accept no responsibilities for price slippage between the close and open prices
on the next days trading.
***USDMXN can be traded live from 14h30 - 21h00 CET. |
Margin rates
Minimum margin rates for ACM institutional accounts go as follows (Our margins do not widen overnight and during the weekend):
Account size (Deposit) |
|
Total Dollarized Value of open
Positions |
Liquidation
Margin |
Up to 4'000'000 USD |
and / or |
Up to 25'000'000 USD |
1.0% |
From 4'000'001 USD to 6’250'000 USD |
and / or |
From 25'000'001 USD to 31’250'000 USD |
2.0% |
From 6’250'001 USD to 9'000'000 USD |
and / or |
From 31’250'001 USD to 37’500'000 USD |
2.5% |
From 9'000'001 USD to 12'250'000 USD |
and / or |
From 37'500'001 USD to 43'750'000 USD |
3.0% |
From 12'250'001 USD to 16'000'000 USD |
and / or |
From 43'750'001 USD to 50’000'000 USD |
3.5% |
From 16'000'001 USD to 20'000'000 USD |
and / or |
From 50'000'001 USD to 55’000'000 USD |
4.0% |
From 20'000'001 USD to 25'000'000 USD |
and / or |
From 55'000'001 USD to 62’500'000 USD |
4.5% |
25'000'001 USD and above |
and / or |
62'500'001 USD and above |
as of 5% |
All customers are fully responsible for monitoring
the activity on their accounts. In the case that open positions
result in excessive margin exposure and attain the allowable
limit, liquidation will
occur automatically and all open positions will be closed.
Margin capacity
Margin indicates the level of leverage on which a customer may execute transactions and serves as a
credit limit that he may not exceed. On a 1% margin, an account containing USD 50'000 theoretically
has the capacity to execute transactions up to USD 5'000'000. In practice, customers should
aim for a lower margin utilisation. ACM offers 1% initial margin. As a service, ACM dealers will
attempt to contact customers accustomed to dealing by telephone with the dealing desk whose open
positions are close to full margin capacity. All customers are however fully responsible for monitoring
the activity on their accounts. ACM is obliged to liquidate all open positions automatically when the corresponding margin threshold is breached, at the next best available market price for the corresponding execution size. Please refer to ACM spreads and conditions.
The margin capacity ACM offers reflects our willingness to provide the traders with the level of risk
they wish to adopt, we do not however recommend trading close to 1% margin capacity as this
engages a large amount of risk. Ultimately the choice is left to the trader to make transactions that
meet his/her appetite for risk.
See also: Margin trading accounts - Execution Rules
|