 |  |  |  |  |  |  |
| Live chat by Boldchat |
Please be aware, that all accounts are opened with our new advanced Visual Trading platform. If you wish to learn
more about Visual Trading, we recommend that you open a Visual Trading Demo Account and take advantage of
our Visual Trading Manual and Tutorials.
UNIVERSAL ACCOUNT. 10,000 (10K) mini and 100,000 (100K) standard contracts (lots) can be traded on the
same trading platform and client's account, with the following trading terms:
a) Spreads and Interests:
Daily market overnight interest/rollover charge for trading with standard 100K contracts is shown in the below
table. For trading with mini contracts, the overnight interest/rollover charge is 10 times less. Overnight
Interest/Rollover is automatically paid to a client's account after buying a currency with greater Interest Rate in its
country, and charged to a client's account if the country issuing this currency has smaller Primary Interest Rates.
* Please note that the rollover interest rates listed in the table below are estimates. Actual rollover interest rates
fluctuate and update every day. Please see the information below the table for more details. For the most
accurate up-to-date rates, please look under the Advanced tab on the "Dealing Rates" window in the VTspot
client.
Rollover/Interest Policy:
In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing
open position for today's value date and the opening of the same position for the next day's value date at a price
reflecting the difference in interest rates between the two currencies. In accordance with international banking
practices, CMS automatically rolls over all open positions to the next date at 5 PM EST for settlement. Rollover
involves exchanging the position being held for a position expiring the following settlement date. For example, for
trades executed on Monday, the value date is Wednesday. However, if a position is opened on Monday and held
overnight, the value date is now Thursday. The exception is a position opened and held overnight on
Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is
actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra
two days of interest. Trades with a value date that falls on a holiday will also incur or earn additional interest.
CMS clients can earn interest on rollovers, depending on the direction of their positions and interest rate
differential between the two currencies involved. For instance, the primary interest rates in Great Britain are much
higher than in Japan, so if a trader buys GBP, he/she will earn interest at 5 PM EST time. on the other hand, if
he/she sells GBP in this currency pair, he/she will pay interest at 5 PM EST time.
b) Margin Requirements:
Margin Calculation for Non-USD Currency Deposits:At the moment of opening a position, the system automatically
converts the USD margin into the account's native currency at the current rate. After the current market price
changes, margin for next position will be calculated at the new market rate available at the moment of opening
that position.
c) Minimum Amount to Open an Account:
200 USD; or 200 EUR, or 300 AUD, or 300 NZD, or 300 CAD, or 300 CHF, or 150 GBP, or 25,000 JPY.
d) Commission:
No Commission.
e)Automatic execution based on programmed indicators: We are proud to announce a milestone feature in the
world of forex - the automatic execution of your orders based on our existing 40+ indicators and oscillators, as well
as on your own, custom-built within the Visual Trading platform. No other trading platform in the world can offer
similar features. This is undoubtedly an outstanding achievement of the programming team which makes Visual
Trading absolutely superior on the forex market. Click here to find out more about this exciting new feature.
f) Interest on unused margin: Starting from May 1, 2003, accounts with initial deposits of $10,000 USD to
$200,000 USD will begin receiving 2.00% annual interest on unused margin. To be eligible for this interest, a
trader should open at least 15 standard 100K lots per month. CMS may alter the interest terms and schedule at
its discretion. Please note that existing CMS clients will not be eligible to receive this interest on additional
accounts funded by way of Inter-Account Funds Transfer.
g) Instant pip rebate: Clients receive 1 pip rebate directly to their trading accounts when opening 5 standard
100K lots simultaneously and closing the same 5 lots simultaneously, regardless of type of account or currency
pair. This applies to individual orders of 5 lots. This rebate instantly appears on the account at the moment of
closing a position. You can view its details in the account report, in the "Commission/Rebate" column. Above 5
lots, rebates are applied according to the following schedule:
The spread of 3 Pips will remain the same on the EUR/USD no matter how many Lots traded. What will
differentiate is our incentive rebate for sizeable Lots traded at a given time.
For example, if you trade 10 Lots of EUR/USD you will receive a 2 Pip rebate which is equivalent to $20.00
($10.00(2 Pips)) for the entire 10 Lot round turn transaction.
So in essence you will receive a $20.00 savings on 10 Lots traded, $10.00 on 5 Lots traded for EUR/USD, etc.
Rebate is deposited in the same base currency which a client deposited for trading at the CMS bank account.
Notice: Not applicable to trading with mini lots.
Important Message About the Risks of Trading Currencies.
* Under normal market conditions. We do our best to provide execution at the trader's specified price. It is the
in-house policy of CMS to try to honor all stop and limit orders up to 10 standard lots. However, during extremely
fast market moves, this sometimes is not possible. Under no circumstances will a market order be executed at a
price that is not approved by the trader.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| | | | | | |
FENIX CAPITAL MANAGEMENT, LLC, 12890 S.W.VILLAGE PARK LANE, TIGARD OR 97223, U.S.A.
E-MAIL: admin@fenixcapitalmanagement.com FAX: 1.503.213.8896 TEL: 1.512.532.7475
__________________________________________________________________________
Fenix Capital Management,LLC (“FCM”)
DISCLAIMER
Users:
The FCM web site contains information about investments in FOREX trading and FOREX managed trading accounts. As such, access to the information contained herein may be restricted by laws and regulations applicable to the user.
This information is not intended to be published or made available to any person in any jurisdiction where doing so would result in contravention of any applicable laws or regulations. In particular, certain investments can be marketed in
certain jurisdictions only. The user should ensure that the use of this information and the making of any investment as a result does not contravene any such restrictions. It is the user's responsibility to be informed and to observe all
applicable laws and regulations of any relevant jurisdiction.
The information contained within the FCM web site does not constitute an offer or solicitation to sell or buy FOREX contracts , by anyone in any location in which such offer, solicitation, or distribution would be unlawful or in which the
person making such offer or solicitation is not qualified to do so, or to anyone to whom it is unlawful to make such offer or solicitation. Any user distributing information taken from this site, in whatever form, to any other person, agrees to
attach a copy of this page and obtain the agreement of such other person to comply with the terms set forth on this page.
Applications to invest in any program listed on FCM's web site must only be made on the basis of the offer document relating to the specific investment (e.g. Risk disclosure, prospectus, investment memorandum, or other applicable terms
and conditions). All users should consult an appropriate professional advisor as to whether they require any governmental or other consents, or need to observe any formalities to enable them to invest in any particular fund. If you are
unsure about the meaning of any of the information contained within the FCM web site, please consult a professional advisor.
FCM, or any of its information providers, licensees, directors, employees, or agents does not make any warranty as to the results to be obtained from use of this website or the investment opportunities presented on this web site. This web
site and investment opportunities within this web site are distributed without warranties of any kind, either expressed or implied.
Neither FCM nor anyone else involved in creating, producing, or delivering the web site or information herein shall be liable for any direct, indirect, incidental, special, or consequential damages arising out of use of the web site or
inability to use the web site. FCM will not in any way be responsible for any selection or retention of, or the acts or omissions of, the user in connection with this web site.
RISK WARNING
THE RISK OF LOSS IN TRADING FOREX CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST
PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS IN FOREX TRADING.
TRADEMARKS AND COPYRIGHTS
Except as otherwise noted, the content of this website, including, but not limited to text, graphics and icons, are copyrighted materials of FCM Copyright ©2004, by FCM or its affiliates. All Rights Reserved, and may not be used or
reproduced without prior written consent of FCM. Trademarks, logos and service marks on this site are owned by FCM, used by FCM under licenses from the owners of such marks or are the property of third parties. Use of such marks without
the prior written consent of FCM or such third parties is prohibited.
