Commission Free Trading
Phi Capital Management users can trade currencies online and pay no commission. This is available to all Phi Capital Management users regardless of account balance or trade size.

Tight Spreads and Fast Execution
The foreign exchange market is highly liquid. The pricing and execution of trades under normal conditions is instantaneous. Phi Capital Management realizes that delayed responses can adversely affect trader's profitability. By consistently and quickly responding to orders, minimizes the effects of factors other than your trading acumen and market conditions affecting profitability.

Traders receive narrow, competitive spreads of all the major currency pairs and their crosses. Clients receive 4-5 pip spreads on the actively traded currency pairs including the EUR/USD, USD/YEN, USD/CHF, EUR/JPY and GBP/USD.

Ability to Profit in Rising or Declining Markets
Unlike equity and fixed income investments, profit potential exists in the foreign exchange market regardless of whether a trader is long or short and regardless of whether the market is moving up or down. In the Foreign Exchange market there are no restrictions on short selling, which means that a trader can profit whether the market is going up or down with equal ease.

More Leverage Than Trading Equitites, Futures, or Options
The foreign exchange market allows positions to be leveraged 100:1, providing tremendous upside potential. This means with $1000 margin deposit you can place a $100,000 position in the market. Spot Foreign Exchange provides much better leverage than the futures market, which requires a 2%-5% margin and the equities market, which requires at least 50% initial margin. A 1% movement in the FX market can double the value of your entire investment. Leverage is a double-edged sword, and without proper risk management the market can move against you and cause the loss of the initial investment.

Real-time Streaming Quotes
Bid and ask quotes are continually displayed via the Internet Currency Trading System on a 24-hour basis for each currency pair. The quotes are updated thousands of times per day to reflect in real time the price at which a client can buy or sell any given currency pair. The prices displayed on the Internet Currency Trading System are not indications of where the market is trading, but actual prices at which is offering to buy or sell.

24-Hour Trading Liquidity
Foreign exchange trading takes place in financial trading centers all over the world, including New York, London, Hong Kong, Singapore, Frankfurt, and many others. These foreign exchange trading centers around the world are linked into one unified, cohesive, international market. There is always a major financial center open where banks, other financial institutions, hedge funds, international corporations, brokers and individuals from all over the world are active participants. As a trader this allows you to react to a favorable/unfavorable events by trading immediately. The market is always liquid, meaning positions can be liquidated and stop orders executed little or no slippage.

Free Trading by Phone or Internet
The dealing staff is available 24-hours a day from Sunday 7:00 PM to Friday 3:00 PM Eastern Standard Time to provide quotes, confirmations and to execute trades over the Internet or the Phone. charges no additional fees whatsoever to place trades over the phone.

State of the Art Trading Platform
Constructed and tested by real traders, the online trading platform is intuitive, user friendly and provides all relevant trading information in one concise dealing screen. The platform allows traders to watch in real-time individual positions and account balances on the dealing screen. The system also provides full, real-time snapshots of account statements including detailed information regarding every open position, open order, margin position and generated profit/loss per trade. The automated margin call allows traders to minimize risk by automatically closing all position if the account balance falls below the margin requirement as a result of trading losses.

FX Mini Account for Traders Who Are New to Foreign Exchange
The Mini Trading Account was designed for those new to online foreign exchange trading. There is a smaller deposit required to open an mini account than a regular account because trading sizes are 1/10th the size of a regular account. The smaller trading sizes enable traders to take smaller size risks. The Mini is intended to introduce traders to foreign exchange. For more information about Mini Account, please click here.