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Re: [ANN] SimpleFX.com - forex broker with BTC and LTC crosses and 1:500 leverage
by
btcboy
on 15/01/2016, 14:23:15 UTC
I investigated FXCM offer and compared their trading conditions to ours. It turns out thet 1 lot SPX500 at FXCM equals 0.1 lot at SimpleFX. You can see it by the pip value shown in attachments. With 1 lot position at FXCM you gain/lose 10 cents per pip. With the same position size at SimpleFX you gain/lose 1 USD per pip. I marked position size, pip value and margin requirements on both screenshots. Required margin at SimpleFX is indeed about 6 USD bigger.

FXCM:
http://i63.tinypic.com/2r7xyqu.png


SimpleFX
http://i68.tinypic.com/2niuv48.png

Yes, would explain it :-) Let me check it again.