Enjoy exceptional leverage, with strictly limited risk.
Forex traders enjoy a high degree of leverage because of the sheer size of the forex market (46 times greater than all futures markets combined). The resulting depth and liquidity mean that traders can count on getting out of an adverse position easily.
With Argo Futures Group, Inc., you are able to select the degree of leverage that you wish to employ in trading. Unless you specify otherwise, Refco FX sets your leverage level at our most lenient requirement, which varies according to the size of your account.
For example, for accounts less than $50,000, the margin requirement is $1,000 for every position (equal to about $100,000 of currencies). Thus, the margin requirement is about 1% of the total value of the currencies traded, for a 100-to-1 ratio. Click Here for a demo.
Limited Risk
The Refco FX online trading platform performs two critical functions that strictly limit your risk of trading in the cash forex market.
First, an automatic pre-deal check for margin availability means that your trade will be executed only if you have sufficient margin funds in your account. This system also calculates the funds needed for current positions and displays this information so you can see it in real time. Second, the Refco FX dealing desk will close all your open positions immediately if the funds in your account fall below the margin required to hold the positions. Thus, you can never lose more than the amount of money you have in your account.
Because of these benefits to The Refco FX online trading platform, over-the-counter forex positions are similar to buying options in that there is a substantial, but strictly limited, risk. See for yourself how trading forex works by making some virtual trades right now with real-time prices.