CMG utilizes Straight Through Processing (STP). An STP Forex broker is one that does not have a dealing desk, but instead passes through customer buy and sell orders directly to one or several liquidity providers of the interbank market who become the counter party to the customer's trade.
There are no limits to the size or number of positions that a trader may hold. Available margin in the account is the only constraint on the size of a position.
CMG is a trading name of AxiTrader Limited, which is incorporated in St Vincent and the Grenadines, number 25417 BC 2019 by the Registrar of International Business Companies, and registered by the Financial Services Authority, and whose address is Suite 305, Griffith Corporate Centre, 1510, Beachmont Kingstown, St Vincent and the Grenadines. Over-the-counter derivatives are complex [...]
Major news and announcements can often cause volatility in the Forex market and therefore affect tradable instruments as a result. During these times, orders may be filled away from the desired price due to gaps in the market. Please note that when you attempt an instant execution order, you may be re-quoted within a few seconds [...]
The term trade/order volume refers to the number of standard lots you want to trade. 1 standard lot is equivalent to 100,000 units of the base currency.
Depending on the type of account you hold with CMG, commissions may be applied. All commission charges are clearly stated in all account statements for your review.
You have the option to open your CMG MT4 account base currency in USD.
Foreign Exchange, also known as Forex or FX, is the simultaneous buying of one currency while selling another currency. The Forex market is available 24 hours a day, five days a week, and it is one of the largest, most liquid financial markets in the world.
CMG's trading hours vary by product instrument. For Forex, trading opens on Sundays between 5:00 PM EST and 5:15 PM EST and remains open until market close on Fridays around 4:55 PM EST.
Rollover is the interest paid or earned for holding a position overnight. Each currency has an interest rate associated with it, and because Forex is traded in pairs, every trade involves not only two different currencies, but their two different interest rates. If the interest rate on the currency you bought is higher than the interest [...]