Frequently Asked Questions ::
In this section we hope you find answers to some of the more commonly asked questions
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QUESTIONS

1. How much do I need to open an account with COESfx?

2. How much leverage do I have with a COESfx Account?

3. Does COESfx offer commission free trading?

4. Does COESfx offer mini accounts?

5. What currencies can I trade with COESfx?

6. How come COESfx does not run a trading desk?

7. Does COESfx offer charts with their Trading Platform?

8. Will I have access to current and historical trades on my account?

9. Does COESfx guarantee No slippage?

10. What kind of spreads will I see on the COESfx platform?

11. Does COESfx widen the spreads?

12. Will my stop loss orders get pulled?

13. Can I trade during market moving news?

14. Does COESfx re-quote the prices?

15. Can I buy and sell within the spreads?

16. What is the Rollover rate or Cost of Carry associated with holding a position for more than a day?

17. I am not a citizen of The United States of America, am I subject to NFA regulations?

18. What is done to protect us from facing a margin call?

 

ANSWERS

1. The minimum amount need to establish an account with COESfx is Five Thousand US Dollars.

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2. You are leveraged at 50:1 So therefore $5,000.00 gives you $250,000.00 to trade with. As your current balance goes up or down your margin will be adjusted accordingly

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3. No. The most you will pay is Ten Dollars per contract or lot of currency going each way. So you have a maximum of a twenty dollar roundtrip fee per contract or lot of currency traded. Volume discounts and rebates are available and are determined on a case by case basis.

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4. No. COESfx only offers standard lot sizes of $100,000 on all currency pairs

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5. At this time, 21 Currency pairs and Spot Gold are available for trading, They are:

Symbol

Defined

EURUSD

Euro Dollar vs. US Dollar

AUDUSD

Australian Dollar vs US Dollar

EURJPY

Euro Dollar vs Japanese Yen

USDJPY

US Dollar vs Japanese Yen

USDCHF

US Dollar vs Swiss Franc

USDCAD

US Dollar vs Canadian Dollar

EURCHF

Euro Dollar vs Swiss Franc

GBPUSD

British Pound vs US Dollar

GBPJPY 

British Pound vs Japanese Yen

NZDUSD

New Zealand Dollar vs US Dollar

EURGBP

Euro Dollar vs British Pound

XAUUSD

Gold

EURCAD

Euro Dollar vs Canadian Dollar

EURAUD

Euro Dollar vs Australian Dollar

AUDCAD

Australian Dollar vs Canadian Dollar

GBPAUD

British Pound vs Australian Dollar

GBPCHF

British pound vs Swiss Franc

CHFJPY

Swiss Franc vs Japanese Yen

CADJPY

Canadian Dollar vs Japanese Yen

AUDJPY

Australian Dollar vs Japanese Yen

AUDCHF

Australian Dollar vs Swiss franc

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6. COESfx is an ECN or "Electronic Currency Network". There simply is no need to run a trading desk. A trading desk is not there for the benefit of the trader. A trading desk will trade against you. A trading desk can see and pull your stops. A trading desk has the ability to lean on the market and widen the spreads. COESfx does not engage in any such activities making it truly transparent and unbiased.

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7. Charts can be obtained through our partners at Aspen Graphics. They offer a very robust and comprehensive charting package for traders on all levels. Visit there website at http://www.aspenres.com for a free trial or call the toll free at 800-359-1121.

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8. Yes. Once you have opened an account with COESfx you can login into you account for current and historical account information at http://www.coesfx.com

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9. No. There is no way for us to guarantee no slippage because the banks won't guarantee unless we run trading desk. We do not touch your orders.

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10. 1 to 2 pip spreads. Choice pricing and inverted pricing does occur occasionally during volatile trading sessions.

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11. Coesfx does not, under any circumstances adjust and or widens the spreads.

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12. Your Stop Loss orders never get pulled. Yours orders are held in an electronic book and is not seen by anyone. Stop Loss orders are usually pulled by the trading Desk. COESfx does NOT run a trading Desk

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13. Yes. With COESfx you have the freedom of trading before, During and after market moving news. We never, mysteriously, have our price feeds and or platform lock up.

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14. No. The COESfx platform acts as a flow through for pricing, therefore there is no request for quote or re-quoting. A process very similar to the EBS

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15. Yes. While trading on the COESfx Platform, you are essentially working as a Market Maker with the ability to buy and sell within and outside of the spreads

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16. At this time, COESfx does not charge a fee for holding a position for more than a day.

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17. Not Directly. COESfx was formed and is based in the United States of America and adheres strictly to NFA Regulations. COESfx, Inc. and or COESfx Clearing, Inc, at its sole discretion, reserves the right to terminate an account at any time for non compliance to the rules and regulations set forth by the NFA.

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18. Our platform has built-in safe guards to protect traders from margin calls. If you are in a position at a loss, the platform will automatically close that position once the trader has lost 80% of there current balance

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