Trade Center Inc. Commodity and Futures Brokers Administering and Managing Futures Trading Systems for Over Ten Years
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Mini FAQ's   PDF  Print  E-mail

How can Trade Center Inc. offer smaller trading sizes?
Smaller trade sizes pose several challenges to foreign exchange firms. There are two primary issues that have prevented firms from offering smaller trade sizes: high labor costs and risk management. Executing smaller size trades takes the same effort as executing larger trades. To offer smaller trade sizes, most firms would have to hire more dealers, which would make the cost exorbitant. The Refco FX Mini account features automatic execution for most accounts. All trades are executed without human intervention (just like a demo account). This keeps labor costs low. The second issue is risk management. The smaller size trades offered on the Refco FX Mini account are difficult to offset in the broader market. Trade Center Inc. has developed a proprietary risk protocol for the Mini, which involves aggregating volume into sizes that can be offset in the broader market.

What is the difference between the Refco FX Mini account and a regular account?
The Refco FX Mini account is designed to introduce traders to the excitement of trading currencies online and for those with limited investment capital. With a Mini account, you trade using the same platform as our regular traders. With as little as $300, a trader can open a Refco FX Mini account and begin trading foreign exchange with Trade Center Inc.. On the Mini trading platform all trades are executed in standard sizes of 10,000 base currency per one lot, 1/10th the size of a regular account. The smaller trade sizes enable traders to take smaller size risks. The Refco FX Mini account also serves to introduce clients to trading with Refco FX.

How does the Margin Call work?
If the equity balance in your account falls below the margin requirement, a margin call will be generated. In the event that an account exceeds its maximum allowable leverage, ALL open positions will be liquidated immediately, regardless of the size or the nature of positions held within the account. For example, a Refco FX Mini account with 8 lots in open positions would need to have $400 in account equity. If the account equity falls below $400 due to trading losses, the entire 8 lots would be liquidated at market price. Clients are not notified prior to the liquidation of their positions.

Do you Charge a Commission on the Mini account?
Refco FX charges no commission or transaction fees to trade a Refco FX Mini account. As the leading player in online currency trading, Refco FX receives and is able to pass on the benefits of size to our clients.

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Phone no.: 949 643 7100 local

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System Center is a wholly owned product of Trade Center, Inc. Trade Center, Inc. is a member of the National Futures Association and is registered with the Commodity Futures Trading Commission. Trade Center, Inc. is an Introducing Broker for Refco, Group LLC. Refco Group LLC is a diversified financial services organization with operations in 14 countries, 2,400 employees, and more than 200,000 customer accounts in an extensive global client base. Refco Group, LLC are members of exchanges around the globe, including the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), COMEX Division of NYMEX, EUREX, London Metal Exchange (LME), New York Board of Trade (NYBOT) and the New York Mercantile Exchange (NYMEX). System Center is a trademark of Trade Center, Inc. Trade Center, Inc. is a commodity futures brokerage firm offering full service, discount and Online Trading. Our Services include foreign exchange trading, single stock futures, managed futures, and system assist trading. Contact Trade Center, Inc. for alternative investments, futures trading, commodity trading, options trading and strategies, futures options, direct access trading, online commodity trading, and Forex trading. Experienced Trade Center, Inc. commodity futures brokers manage alternative investments, options, futures trading, futures options, and forex trading. Refco Currencies, Equity Indices, Single-Stock Futures, Debt Futures, Financial Technical, Grains, Livestock, Metals, Energies, Softs and Cotton research synthesizes information from a global network of commercial firms, cash brokers, money managers, hedge funds and floor traders to generate thought-provoking analysis investors, traders and institutions demand. Availability of products and services may vary by jurisdiction. Trade Center, Inc. does not share or distribute personal information, personal data will be used for internal purposes only. Trade Center, Inc. never sells personal information to anyone; please view our Privacy Policy / Comments about our Web-site COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. CLICK HERE FOR A FULL RISK DISCLOSURE
April 6, 2005, 6:31 am