EFX Group

Trading Details

EFX Group has recently been acquired by MB Trading.

• Founded:
  • 2002

• Regulated By:
  • MBTF is regulated by the US CFTC and is a member of the NFA #0315389

• Trading Hours:
  • Subject to available liquidity, trading is open 24 hours a day from 5:00 PM EST Sunday - 4:58 PM EST Friday.
    Maintenance from 4:55pm to 5:15pm EST Mon-Thurs and 11:55pm to 12:15am EST Sun-Thurs

• Execution:
  • ECN type model (Electronic Communications Network)
  • Good for scalping

• Platform:
  • Clients have the ability to act as a market maker and earn the spread
  • Ability to trade inside the spread by entering your own bids and offers
  • Clients can see real-time display of all bids, offers and quantities on the platform
  • One click dealing
  • Free charts
  • API available for automated trading systems

• Typical Spread on Majors:
  • 1-3 pips. Sometimes choice (no spread)

• Margin:
  
  • 1%

• Commissions:
  • $5 per $100,000 traded

• Currency Pairs:
  • (23) - EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY, CAD/JPY, AUD/JPY, NZD/JPY, CHF/JPY, GBP/CHF, USD/NOK, EUR/AUD, EUR/SEK, EUR/CAD, USD/MXN, USD/SEK, USD/DKK

• Minimum trade size:
  • 10,000 units of the base currency

• Minimum opening balance:
  • $400