Trading Order Types
Interest on deposits
FDIC Insured Funds
Commerce Foreign Exchange trading desk is open 24 hours
daily from EST 5PM Sundays through EST 4:30 PM Fridays.
Commerce Foreign Exchange offers trading in the following
currency pairs: EUR/USD, GBP/USD, USD/CHF, USD/JPY,
USD/CAD, AUS/USD, NZD/USD, USD/MXN, EUR/GBP,
EUR/JPY, EUR/CHF, CHF/JPY and GBP/JPY.
Commerce Foreign Exchange offers 3 points spreads in the
major currencies (USD/JPY, EUR/USD, USD/CHF, GBP/USD)
Prices quoted are inclusive of our normal dealing spreads.
However, during the market volatility and time when major
economic news is released, spreads may widen. The spreads
are the same for Retail customers and Institutional customers on
All deals are sized in units of 10,000 of the base currency (ie.
GBP/USD is £10,000). All of the deals are numbered in terms of
'lots'. The maximum deal size available online is 20 million of the
base currency. Trades of over 20 million must be executed over
the phone with one of the CFE dealers.
A minimum transaction size is 1 lot, or 10,000 of the base
currency. An account with a margin deposit of 2% would open a
US$10,000 position and would require an initial margin deposit of
Through the online platform customers are able to execute trades
directly from real time streaming bid/ask quotes. Live prices are
continuously updated via Java-enabled dealing software and
traders can at any time click on the current bid or offer and
instantaneously execute a trade
Trading over the Internet
Executing a deal via the Internet is a simple two-step process.