No Dealing Desk Forex Trading by a global broker FXCM
The Dow Jones FXCM Dollar Index Basket (USDOLLAR) is a tradable instrument offered by FXCM. It has several advantages for traders:
Simple: Do you think the US dollar will rise? Buy USDOLLAR. Do you think the dollar will crash? Sell USDOLLAR. Simply click Buy or Sell in your FXCM Asia account.
Low Spreads: USDOLLAR combines four of the lowest-spread currency pairs in forex to make a low-spread, inexpensive, and very liquid trading instrument with no commissions* or expense ratio.
Earn Rollover:Take advantage of higher interest rates outside the USA when selling USDOLLAR. Interest is paid daily.
Geographic Diversification:USDOLLAR is equally weighted at inception against the euro, British pound, Japanese yen, and Australian dollar, giving traders exposure to Europe, Asia, and Australia.
Available 24 Hours: Like most currency pairs at FXCM Asia, USDOLLAR is available 24 hours a day, five days a week.
| Vital Statistics | USD-Denominated | HKD-Denominated | |
|---|---|---|---|
| Typical Spread† | 2 to 3 pips | 2 to 3 pips | |
| Margin Requirement** | Approx. 500 USD per lot | Approx. 3,890 HKD per lot^ | |
| Minimum Trade Size | 1 lot | 1 lot | |
| Pip cost | 1 USD per lot traded | Approx. 7.78 HKD per lot traded^ | |
| Average Daily Range | 38 pips in 2010 | 38 pips in 2010 |
1 lot is equivalent to 10,000 USD on January 1, 2011. The value of the lot changes as the price of USDOLLAR changes.
* In the forex market costs are generally confined to the bid-ask spread. FXCM charges no commission and is only compensated through mark-up which is generally 1 pip for major currency pairs which is added to the spread received from its liquidity providers via the FX Trading Station. FXCM may also receive compensation for order flow from its liquidity providers. However, commission charges may apply for certain classes of non-standard accounts such as Mirror Trader. For additional information, click here.
† NOTE: FXCM Asia strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the typical spreads displayed.
** Trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified.
^ Variable according to the exchange rate of USD vs. HKD; please refer to dealing rate window of trading station.
The Dow Jones FXCM Dollar Index Basket (USDOLLAR) is exclusive to FXCM. Here's how you get started.
Step1： |
Sign up for a Demo Account |
Free Demo Account |
Step2： |
Download the FXCM Trading Station II Platform |
Download Platform |
Step3： |
Log in and start trading. Simply buy or sell USDOLLAR |
|
As of Inception Date 1/1/2011
The Dow Jones FXCM Dollar Index Basket is designed to correspond to the price performance of the US dollar, as represented by the Dow Jones FXCM Dollar Index. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world: the euro, British pound, Japanese yen, and Australian dollar.
The Dow Jones FXCM Dollar Index began on January 1, 2011, at a value of 10,000.00. It represents an equivalent $10,000 position is each of four currencies: the euro, British pound, Japanese yen, and Australian dollar.
The Dow Jones FXCM Dollar Index Basket, which is shown on FXCM's trading platforms as USDOLLAR, is composed in the same way. Its tradable quotes are based on the current EUR/USD, USD/JPY, GBP/USD, and AUD/USD rates quoted by FXCM Asia.
Join Us