Forex Conditions at Tricom Trader
Target Bid/Ask spreads
Our target bid / ask spreads listed are our best possible target spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and autoexecution disabled. For certain categories of clients, the spreads may in general be wider by up to 2 pips. The spreads applicable to your account will be displayed in your Tricom Trader. Please consult your Introducing Broker or Tricom to obtain further information about our spread range and its implications to your account.
Margin requirements
Forex is traded on margin enabling you to leverage a small margin deposit for a much greater market effect where:
First $25K margin rates apply to the first $25,000 (or equivalent) of your investment collateral Normal margin rates apply to all investment collateral over $25,000 (or equivalent)
Autoexecuted trades
Major currency trades can be autoexecuted for amounts below the autoexecution limit. Autoexecuted trades are automatically accepted without intervention from the bank. For trade sizes over the autoexecute limit and in volatile market conditions, the trade must first be approved by a dealer which normally takes just a few seconds.
* Note that these are typical autoexecute limits that can change over the day, depending on the market conditions and available liquidity.
Ticket fees for low-value trades
For Forex trades below the Ticket Fee Threshold listed, a small ticket fee of is added to the trade to cover administration costs.
Margin calls
You must maintain the margins listed in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.
Forex Trading Hours
Tricom is open for Forex trading:
from Monday 05:00 Sydney local time (currently Sunday 19:00 GMT)
to Friday 17:00 New York local time (currently Friday 21:00 GMT)
The commission and margin rates referred to above may vary from time to time especially for very active or inactive customers. Tricom reserves the right to amend the commission rates, brokerage fees, margin rates and interest rates referred to according to the terms of the trading agreement entered into between Tricom and the Client.