Questions and Answers

Our commission structure is based on the ECN method of calculating spreads – we take the "raw feed" price that we get from the market; then we later charge a one pip commission or widen the spread by one pip to cover all of our vast operating expenses. There are no other fees.

FXSalt is committed to ensure the protection of the funds lodged by its' clients and for this purpose we have an independent finance department with qualified registered and regulated accountants. Client accounts and company accounts are kept completely separate. The client accounts are held at one of the world's safest and strongest banks, BZWBK (part of the Santander group) who are fully regulated and guaranteed.

FXSalt does not operate with a dealing desk – this means that we are solely compensated by a percentage of the spread and so have your best interests in mind at all times. 
All transactions made through our trading platform are passed straight through to be processed and controlled by our various liquidity providers.

Yes, you may hold positions over the weekend and major holidays, but make sure you review your margin balance to cover any negative move against your open positions. It's not uncommon for currencies to "gap" - trade at prices considerably away from previous levels - when they re-open for trading after a holiday or weekend. This may negatively impact your excess margin. We suggest you keep a cash "cushion" in your account in order to help protect against automatic liquidations of your positions to meet margin requirements.

Unless specific settlement instructions are provided, FXSalt will automatically roll forward all open positions to the next day's value date at the end of each business day, 5:00 pm EST. All rolls will be done at competitive rollover rates, and depending on the currency pairs involved, trades will be executed where the trader will either earn or pay away points, depending on the interest rate differential between the two currencies and the margin employed on the trade.

The only difference is that there is no capital at risk when trading in a practice account. FXSalt's practice account is fully functional and, more importantly, the bid/ask rates available in a practice account are the EXACT rates available to our live trading clients. The practice account allows you to see firsthand the consistent dealing spreads offered by FXSalt and sample the ability to deal instantly from live, streaming quotes.

The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar (USD), Japanese Yen (JPY), Euro (EUR) , British Pound (GBP), Swiss Franc (CHF) , Canadian Dollar (CAD) and the Australian Dollar (AUD).

In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the trader benefits from a declining market. However, it is important to remember that every FX position requires a trader to go long in one currency and short the other.

Not with FXSalt. We guarantee your account will not go into debit as a result of trading. One of the greatest concerns traders have about leverage is that a sizable loss could result in owing money to their broker. At FXSalt, your maximum risk of loss is limited by the amount in your account. All accounts are tracked and configured to automatically trigger removal of all your positions from the market before your account goes negative.

If, for example, the GBP/USD exchange rate is 1.6507/1.6509 and you buy 0.1 lot at 1.6509 (the ask price). This means that you buying 10,000 GBP @1.6509=16,509 USD. To fund this position we require a margin of 1% (because leverage is 1:100) so you need 165.09 USD on your account and not 16,509 USD. The rest of the money (in our example 16,343.91 USD) is leveraged to you by FXSalt.

FXSalt has an automated funds withdrawal which allows our clients to request a transfer of funds from their trading account balance. In compliance with International money laundering laws we will not allow any third party payments. Please click here for more information.