An established forex firm you can trust

There is no way to eliminate market risk in forex transactions. However, forex customers shouldn't have to worry about the stability and financial integrity of their forex dealer. That's where the benefit of dealing with RefcoFX comes in. As a member of the Refco Group of companies, RefcoFX offers its customers the reliability and financial strength which most other forex firms can't come close to. With over $20 billion in assets, customer equity of approximately $4 billion, over 180,000 customer accounts and over 400 million in individual customer transactions handled during the most recent fiscal year, the Refco Group firms offer a unique combination of service, reliability and strength.

Peace of mind knowing you'll never be liable for a debit balance

RefcoFX offers forex traders something rarely seen in the aggressive world of international currency trading: strictly limited risk! With most forex firms, you are always at risk of facing a negative equity balance. If the market moves against you, you can end up owing your forex dealer more money than is actually in your account. But with RefcoFX, that can NEVER happen! In the event that funds in your account fall below margin requirements, the RefcoFX Trading Desk will simply close all open positions. That means that, even if you are dead wrong and there is a catastrophic market move against you, you can never lose more than the amount of money you have in your account. That provides you with tremendous peace of mind.

Tight spreads, instantaneous execution and guaranteed fills on market orders, stops and limit orders

RefcoFX provides instantaneous execution from real-time, two-way quotes. All quotes shown on the RefcoFX system are the prices where RefcoFX is willing to buy /sell the quoted currency, rather than vague indications of where the market is trading, which aren't honored. Orders are executed and confirmed within seconds. The RefcoFX Trading Station never requests the size of a trader's potential order, or which side of the market he's trading, before giving him a bid/offer quote. And customers can execute directly off our quotes for all orders up to $1 million. Other dealers determine whether the investor is a buyer or a seller, and may vary the price to increase their own profit on the transaction. RefcoFX's price transparency assures that traders receive a fair price. Trading from real time streaming quotes significantly reduces slippage and enhances trading performance. Finally, unlike most other forex firms, RefcoFX guarantees a fill at the specified price on all stop and other limit orders up to $1 million in size. By using the guaranteed stops offered by RefcoFX, you can limit your risk on a trade to the amount you choose.

A fast, stable, easy-to-use, online trading station

In the online currency trading industry, the online trading platform used by RefcoFX is virtually unrivaled in reliability and technical efficiency. The platform has a proven track record of reliability and stability, even during the most turbulent market conditions. The RefcoFX Trading Station is a Windows-based program rather than a server-based system. This creates a safer, faster and more reliable platform for trading. PCs today are very powerful and RefcoFX chooses to harness that power for the sake of reliability and scalability. RefcoFX clients can trade without undue worry about slow execution, freezing and server crashes that are linked to Java-based systems during heavy trading times.

The RefcoFX Trading Station is not only robust, but also intuitive and user-friendly. All relevant trading information is displayed in one concise dealing screen. RefcoFX feeds real-time executable prices to clients, and updates P/L on all open and closed positions, account balance, risk management and other information in real-time, with each price change. Traders are able to customize the RefcoFX Trading Station's user interface by changing fonts, colors, and window size and location. The RefcoFX Trading Station also provides full, real-time snapshots of account statements including detailed information regarding every open position, open order, margin position and generated profit/loss per trade. There is an integrated margin call feature, which minimizes risk by automatically closing positions if the account balance falls below the margin requirement as a result of trading losses.

Live customer support 24 hours per day

RefcoFX offers clients a 24-hour support network that includes dealing, technical and customer support. RefcoFX and the other Refco Group companies are committed to providing full support to their entire client base throughout the world. There is always a dedicated, well-trained staff available to address clients' needs regardless of their time zone. The RefcoFX staff can be reached via e-mail, phone or via the live 24-hour chat button on the Web site. Foreign clients will find that the staff is comprised of individuals from various countries speaking a multitude of languages, including Mandarin, Cantonese and Japanese.