Live Streaming Quotes

The prices on the RefcoFX Forex Trading Station are not indications of where the market is trading, but actual prices at which a trader can buy or sell the currency pair. With two clicks of the mouse, RefcoFX clients can execute a trade at the screen price. Many other forex dealers use trading systems which do not offer guaranteed prices. Although such systems show two-way prices, the client must request a quote to find out the price where trade can be executed. The RefcoFX Forex Trading Station is superior, because it takes the mystery out of the price the client can enter or exit a trade.

Instant Execution

The RefcoFX Forex Trading Station provides quick order entry and instantaneous execution. There are multiple ways to initiate market orders, including hitting an express “Buy” button, or clicking the BUY/SELL price of a specific currency pair. Even under the most chaotic market conditions, orders are processed and filled within seconds. All market orders are complete fills and market orders are always executed at the quoted price. Once an order is filled, the order is displayed in the open positions window immediately. This window displays the price of the fill, and the real-time profit/loss on the position in both pip and dollar terms. In addition, stops and limits can be placed directly on the position and RefcoFX guarantees a fill at the specified price on all stop and limit orders up to $1 million, if the market touches the price specified.

Margin Watcher

Every client has the ability to set his/her own margin requirement, providing that the margin meets RefcoFX’s minimums. Margin requirements start at 1% ($1,000 per lot). This requirement is maintained for both intra-day trading and for positions held overnight. Based on each client's margin requirement, the RefcoFX Forex Trading Station calculates in real time both the funds needed to maintain current positions (Used Margin) and the funds available for taking new positions (Usable Margin). This information, along with Account Equity, Account Balance and Floating P/L appears in the Account Information window. In the event that funds in the account fall below margin requirements, open positions will be closed by the dealing desk at the market price. This provides protection against a debit balance, particularly in a highly volatile, fast-moving market.

Reports

Clients can generate detailed account statements on demand from the RefcoFX Forex Trading Station. The reports can contain up-to-the-second account information or be customized to reflect activity between any two given dates. These reports are comprehensive, including the details for each specific trade. In order to receive a hard copy record, the client simply clicks on the print function.

RefcoFX News

RefcoFX News is available as an integrated feature on the RefcoFX Forex Trading Station. IFR Forex Watch, Thomsom Financial's premier institutional FX news and analysis service, provides the real-time content for RefcoFX NEWS. With one click of the mouse, clients can access RefcoFX News - no additional login is necessary. The FX NEWS window is adjustable, allowing simultaneous viewing of both live prices and real-time news. There is no cost to RefcoFX clients for this service. For more information about RefcoFX News, visit the news section on the Trading Platform.

Refco Research

Refco Research provides authoritative analysis of the all-critical factors affecting foreign currency markets and collects key information from a global network of commercial firms, cash brokers, money managers and trading specialists.

Michael Malpede is the Senior Foreign Exchange Analyst at Refco. He is responsible for the daily written and "hot line" commentary on the currency markets. He also authors the intermediate and long-term fundamental foreign exchange outlooks in Refco's well known Quarterly Research Reports, and now brings that same applied knowledge to all of RefcoFX’s research reporting.

Multilingual support

Refco Group is a global organization with representatives based in North America, Asia and Europe. As part of our commitment to serving our global client base throughout the world, our trading platform has been translated into four languages. RefcoFX Trading Station is now available in Chinese (Simplifed and Traditional), Russian, Spanish, French and Japanese, and will soon be available in Arabic.

User-Friendly and Fully Customizable Trading Platform
FXCM’s FX Trading Station is a fully customizable trading platform that allows each individual user to set the software to his/her own preferences – thus allowing the trader to create an interface that is easy to use.

In particular, the FX Trading Station includes the following:
Ability to determine precise colors of all windows
Specify the exact size and layout of the various windows in the Trading Station
Choose specific sounds to alert you when orders are triggered

Also, traders can choose between the traditional view the currency rates, or the more advanced view of the currency rates. Both views allow traders to specify font size, colors, layout, and order of currency pairs. As a result, traders can easily focus on trading by create a platform they are fully comfortable with.