Dealing Deals - MF Global Futures broker, Futures trading, CFD trading, online Futures trading

Dealing Deals

Hours

The dealing desk is continually open between 7.00 AM Monday Sydney time and Friday 4:00 PM New York time, which is 7.00 AM Saturday Sydney time.

Bid/Ask Spread

Spread differentials under normal market conditions are generally 5 pips on the Majors and 10-20 pips on the Crosses:

U.S. Dollar / Japanese Yen (5 pips)
U.S. Dollar / Swiss Franc (5 pips)
U.S. Dollar / Canadian Dollar (5 pips)
Euro / U.S. Dollar (5 pips)
Euro / Great Britain Pound (5 pips)
Euro / Japanese Yen (10 pips)
Euro / Swiss Franc (10 pips)
Euro / Australian Dollar (20 pips)

Great Britain Pound / U.S. Dollar (5 pips)
Great Britain Pound / Japanese Yen (10 pips)
Great Britain pound / Swiss Franc (10 pips)
Swiss Franc / Japanese Yen (10 pips)
Australian Dollar / U.S. Dollar (5 pips)
Australian Dollar / Canadian Dollar (10 pips)
Australian Dollar / Japanese Yen (10 pips)
New Zealand Dollar / U.S. Dollar (5 pips)

Please note that the spreads quoted are in normal market conditions.

Order Sizes

The minimum trades are executed in standard sizes of 100,000 base currency per parcel. There is no maximum size. Here are some examples:

U.S. Dollar/ Japanese Yen (100,000 U.S. Dollars)
Euro/ U.S. Dollar (100,000 Euros)
Euro/ Great Britain Pound (100,000 Euros)
Euro/ Japanese Yen (100,000 Euros)
Aussie/U.S dollar (100,000 Aud)
Great Britain Pound/ Japanese Yen (100,000 Gbp)

Types of Orders

The types of orders accepted by MF Global are market orders, entry orders, stop/limit entry orders, and stop-loss orders. All of the above orders are Good til Cancelled (GTC), which is valid until the order, is executed or cancelled.

Disclaimer: This website contains general information only and does not constitute financial product advice. Derivative products can be risky and are not suitable for all investors. MF Global Australia recommends customers seek independent advice. A MF Global Australia Product Disclosure Statement (PDS) is available through the website www.mfglobal.com.au and should be considered prior to trading MF Global's derivative products. Investing in derivatives carries a high level of risk to capital, and due to the potential volatility and fluctuations in value, investors may not get back the amount of their original investment. In certain circumstances an investor may be liable to pay a far greater sum, with losses being higher than an initial deposit.