Forex
The foreign exchange market (FX in short) is a trillion dollar industry. Internet has made it possible for all kinds of traders to leverage their investments through buying and selling currencies.
Key reasons of trading in Forex
- Deep liquidity
- High degree of leverage
- Non-manipulative nature of FX markets because of its size and transparency
- Beyond the reach of central banks and policy makers to dictate the market trend at will
- Out of tiny currency fluctuations with effective leverages a trader can gain fat amount
Commission
- Pearl Capital Markets Limited do not mark-up spreads
- No additional/hidden charges
- A competitive commission to trade Forex
- Commissions are based on instrument and trade size
- Commission start from as little as $0.04 per 1 k lot
Commission Schedule 1
Trade Size | Per Side | Round Turn |
---|---|---|
EUR/USD - GBP/USD - USD/JPY - USD/CHF - AUD/USD - EUR/JPY - GBP/JPY | ||
1,000 | $0.02 | $0.04 |
10,000 | $0.20 | $0.40 |
100,000 | $2.00 | $4.00 |
1,000,000 | $20.00 | $40.00 |
Commission Schedule 2
Trade Size | Per Side | Round Turn |
---|---|---|
AUD/CAD - AUD/CHF - AUD/JPY - AUD/NZD - CAD/CHF - CAD/JPY - CHF/JPY - EUR/AUD - EUR/CAD - EUR/CHF - EUR/GBP - EUR/NOK - EUR/NZD - EUR/SEK - EUR/TRY - GBP/AUD - GBP/AUD - GBP/CHF - GBP/NZD - NZD/CAD - NZD/CHF - NZD/JPY - NZD/USD - TRY/JPY USD/CAD - USD/CNH - USD/HKD - USD/MXN USD/NOK - USD/SEK - USD/TRY - USD/ZAR - ZAR/JPY | ||
1,000 | $0.03 | $0.06 |
10,000 | $0.30 | $0.60 |
100,000 | $3.00 | $6.00 |
1,000,000 | $30.00 | $60.00 |
Transaction Costs
Two components make up your total transaction costs when trading forex with PCML: low commissions and tight spreads.
How to Determine Transaction Cost?
Say for example that you want to trade a 1K lot of EUR/USD. Simply add the commission to open and close a 1K EUR/USD trade ($0.04 + $0.04 = $0.08) with the value of the spread (0.2 pips X $0.10) = $0.02.
We always suggest our customers to open a Demo Account before turning up for Live Account.
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