FAQsHow do I connect? You connect directly with each ECN you want to trade on. If you want to use their GUI, we can set that up. If you want to connect by FIX API, either over the internet, or cross-connect, you need to deal directly with the ECN. We can put you in touch. How do margins work? We take the real time equity value of your account - the cash balance and any realised and unrealised P/Ls - and divide that by the total position value. This is expressed as a percentage. So a 2% margin level is the same as 50:1 gearing. What gearing can I have? We have three margin levels. "Initial" is the level you must exceed to open a new position. If your account falls below "Call" you must either reduce your position, or send more cash, and if it falls below "Close" we will close your open positions. We suggest 3%, 2% and 1%, but are happy to talk if your trading is low risk. Is there a test system I can look at? All of the ECNs can show you GUI views of their prices, and the liquidity that we have. We can show you the back office system separately. Is my money safe? Yes. All client funds are held separate from the firm's cash, and balances are reconciled daily against client trading accounts. Baxter does not trade for its own account What Currency can I open my account in? Currently we have clients who deposit USD, EUR, GBP and JPY. All G10 currencies are acceptable, please ask if you need something else. What are your fees? We normally suggest a sliding scale, starting from around $20 per million for smaller accounts, but are always happy to discuss your individual needs. Which platforms can I trade on? Currently we offer HotSpot, Currenex, FXAll, Intergral, XCDE, FXCM, EBS to name a few. We are always looking to add more platforms, and to give our clients what they need. Please ask if we provide a platform of your interest. Do you take US clients? Yes. As long as the are an ECP (Eligible Contract Participant). We do not take retail clients. How do I open an account? You need to fill in an application, that tells us a little bit about who you are - or your company is. You need to supply us with some proof of your ID and address - or the make up of your company. You need to sign a Prime Brokerage Agreement. You can start the process by clicking the button below, giving us your name and email address, and we will be in touch. For opening an account Learn more about the Account Opening. |