True ECN Forex Brokerage Conditions

Unbeatable Institutional ECN Market Access

Forex Trading Order Flow

Level 2 Forex Order Flow

Level 2 Forex leverages institutional relationships to provide individual traders with access to professional aggregated liquidity via the eFX Cloud network.

Leverage & Margin

Account Size Leverage Margin Requirement
Below 10,000 1:100 1 %
10,000 to 500,000 1:50 2 %
Over 500,000 1:10 10 %

Account Minimums, Specifications and Fees

Minimum Initial Deposit 500 USD or Equivalent
Minimum Trade Size 1 Micro Lot (1000 units of base currency)
Approximately $0.10 per pip
ECN Commissions $0.04 USD per 1000 (Micro Lot) *
Account Currency USD or EUR
Spreads No Dealing Desk (Extremely Tight ECN market quotes from aggregated liquidity, varies depending on interbank market conditions)
Currency Price Quote Type Fractional Pips (5 decimals on non-JPY pairs, 3 decimals on JPY pairs)
Level 2 Order Book for Forex YES
Trading Software eFX Cloud X Station Pro (DESKTOP, MOBILE and WEB)
Mobile OS Access iPhone and Android
Monthly Software Fees NONE
Account Maintenance Fees NONE
Inactive Account Fees NONE
Margin Call 50 % of Margin Requirement **
Margin Stop-Out 30 % of Margin Requirement ***
Ransquawk Market News & Analysis INCLUDED FREE
Demo Account FREE


* Commission fees are calculated per side. For example, 0.04 per side is 0.08 per round-turn (open trade plus close trade)
** Margin Calls are requests for additional deposit in order to maintain losing positions below the margin call requirement level. At 50% of margin requirement, the system allows traders room to make use of leveraged trades while still issuing a final warning if margin falls below this level.
*** At the Margin Stop-Out level, trades are automatically closed in order to prevent negative balances. The system is designed to protect against negative balances within all reasonable circumstances. However, due to the nature of providing a true ECN liquidity environment, the system cannot guarantee against negative balances during "black swan" events. In any case, we will not pursue negative balance amounts owed by traders.