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The Freedom To Trade At Your Best
We're here to profit with you not from you. This fundamental approach has resulted in pricing and terms designed to minimise trading costs while maximising trading freedom. Available currency pairs
Over 26 currency pairs are available with others being continually added. Spreads are variable and reflective of market liquidity so we can bring you the best price at all times.
Margin requirement
The Margin Requirement for all currencies is 1-2% depending on your chosen leverage. We offer both 50:1 and 100:1 accounts.
Depending on which trading platform you are using, you will either see your available margin (MT4) or your Margin Balance (LFX Trader Pro).
Initial Deposit
LatitudeFX requires that you open your account with a minimum deposit of $1000 in your chosen funding currency.
Additional deposits (top-up)
The minimum amount accepted as a top-up is $200.
Any other fees?
You are required to conduct all of your trading activities via the trading platform. However, in extreme circumstances where you are unable to access the Trading Platform, we may accept a Close Out order from you via telephone. In this case, we may charge you a fee of $100 NZD per Transaction accepted via telephone. This will be communicated to you prior to any transactions being made. In the even of it being levied, this fee will appear as a withdrawal from your Margin FX Account the next day.
Default interest rate
In the event where you owe LatitudeFX money, the default interest rate is the Overnight Call rate ("OCR") + 10%.
Interest on balances - NZD accounts
LatitudeFX will pay you Deposit Interest on New Zealand dollar amounts you have on deposit with us. For any cash balance not assigned to trading positions in your margin FX account we will pay the following;
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0-15,000 0
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15,000 + OCR less 3.0%
Interest is calculated on your average daily balance and paid monthly.
Credit Card Transfer Policy
• LatitudeFX will accept funds transfers from a Visa or Mastercard. For such funds transfers for your Initial Deposit you will not be charged any fees by LatitudeFX. However, where we accept any subsequent funds transfers from a credit card account, restrictions may apply and you will incur additional fees, as set out below.
• Funding of your account will be real time as long as payment is before 10.30 pm (NZT), this applies to both the Initial Deposit and top-up deposits.
• The credit card needs to be in the client's name.
• LatitudeFX will not payout to any 3rd party credit card accounts.
• LatitudeFX will not allow drawdown of collateral from credit card funded accounts for a period of 45 days from initial posting.
• You are advised to contact your credit card provider to determine whether they will apply any charges to such transfers, and confirm whether such transfers are considered "cash advances".
• For each subsequent credit card transaction on each trading account, LatitudeFX will charge your Margin FX Account a flat credit card fee of 3%. i.e A $5000 top-up will incur a $150 credit card fee, which will be deducted from the amount of the deposit.
• No cash re-imbursements.
• LatitudeFX will run a monthly audit of credit card usage. We reserve the right to refuse to accept credit cards without notice.
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