eWeb-Forex constantly updates its live dealing rates displaying real time dealing prices to all clients. There is no need to ask for a quote, just click on the price and the trade is yours at the quoted price. This ensures fair and transparent market making and prevents the dealing desk from manipulating prices for each individual trader. eWeb-Forex's clients that have traded with other FX market makers will certainly notice the difference in eWeb-Forex's trade execution and service. eWeb-Forex’s dealing desk prides itself on providing clients with the best prices, fastest execution, and least slippage in the industry.
Tight Spreads
Traders receive a spread of four pips on the EUR/USD pair and a spread of five pips on the other major currency pairs (USD/YEN, USD/CHF, and GBP/USD). In addition eWeb-Forex provides competitive spreads on 17 currency pairs, including USD/CAD and AUD/USD. The spreads accurately reflect where eWeb-Forex is willing to trade. During non-peak trading hours when the market is less liquid, eWeb-Forex still maintains 4-5 pip spreads.
Commission Free
eWeb-Forex does not charge commissions or any other fees to trade or maintain an account. This arrangement is available to ALL accounts regardless of account balance or trade volume.
Fast Trade Execution
Dealers respond to orders in 3 to 7 seconds on average. Under extremely heavy market conditions, the average response time is under 30 seconds. eWeb-Forex realizes that delayed responses can adversely affect trader's profitability. By consistently and quickly responding to orders, eWeb-Forex minimizes the effects of factors other than your trading acumen and market conditions affecting profitability. Clients may also take advantage of contacting the dealing desk via telephone for a two-way quote and split second execution.
Segregated Accounts
All client funds are deposited with triple-A rated financial institutions. eWeb-Forex currently holds client funds at various banks, including Citibank and Fleet Bank. Client funds are segregated from operating accounts, and therefore, may not be used for day-to-day operations, credit lines outside of trades placed by clients, and other investment purposes. For this reason, all withdrawal requests made by the client are usually processed within one business day or receipt.
1% Percent Margin Day or Night
Clients must maintain $1,000 in the account for each lot of currency being traded. This amount does not change after 5:00 PM EST, which is the rollover cut off, but stays constant at $1,000 per lot the entire day and overnight. One lot is valued at approximately $100,000. There is also an important safety feature imbedded in this system, which prevents the clients from losing more money than they have in the account. Once the account falls below $1000 per lot, all positions are closed, and this acts as a final stop for those that have not set stop-loss orders to close losing positions.
Live Position and P&L Tracking
Clients can see the value of their positions and account equity move up and down with the market in real-time manner using eWeb-Forex's innovative Java based trading platform. When trading with eWeb-Forex, the client never has to approximate account equity or be uncertain in regards to available margin.
Responsive Client Service
eWeb-Forex handles all standard procedures such as account openings, deposits and withdrawals, within one business day. If clients have any questions or need clarification, members of eWeb-Forex's friendly and professional support staff are available from 9:00 AM to 7:00 PM Eastern Standard Time. In addition the eWeb-Forex dealing desk is manned 24-hours a day from Sunday at 7:00 PM EST through Friday at 3:00 PM EST.
