What are tastyfx's Zero+ forex product details?
tastyfx Zero+ offers commission-based pricing on select forex pairs with spreads starting from 0.0 pips. A flat commission of $5 USD per standard lot is charged on each trade execution, prorated proportionally for partial lots (e.g., 0.5 lots = $2.50). Commissions are charged when you open a position and again when you close it.
The tables below show the available currency pairs for Zero+ accounts, including minimum spreads (our tightest possible spread under optimal market conditions). Spreads are variable and will widen based on underlying market liquidity and volatility.
Popular USD
| Currency pair | Value per pip | Min. spread | Leverage ratio | Min. margin req. |
|---|---|---|---|---|
| AUD/USD | $10 | 0.0 | 33:1 | 3% |
| EUR/USD | $10 | 0.0 | 50:1 | 2% |
| GBP/USD | $10 | 0.0 | 20:1 | 5% |
| NZD/USD | $10 | 0.0 | 33:1 | 3% |
| USD/CAD | C$10 | 0.0 | 50:1 | 2% |
| USD/CHF | CHF10 | 0.0 | 33:1 | 3% |
| USD/JPY | Y1000 | 0.0 | 20:1 | 5% |
Popular non-USD
| Currency pair | Value per pip | Min. spread | Leverage ratio | Min. margin req. |
|---|---|---|---|---|
| AUD/CAD | C$10 | 0.0 | 33:1 | 3% |
| AUD/JPY | Y1000 | 0.0 | 20:1 | 5% |
| EUR/AUD | AUD10 | 0.0 | 33:1 | 3% |
| EUR/GBP | £10 | 0.0 | 20:1 | 5% |
| EUR/JPY | Y1000 | 0.0 | 20:1 | 5% |
| GBP/JPY | Y1000 | 0.0 | 20:1 | 5% |
Our foreign exchange transactions provide exposure to changes in exchange rates, but cannot result in the delivery of the underlying currencies.
1. Normal trading hours for all pairs are from 4:00 pm ET on Sunday until 4:59 pm ET on Friday, with the exception of emerging-market pairs, which operate on different schedules. Please note that Daylight Savings Time in the USA may cause the times shown to be imprecise.
2. Spreads are subject to variation, especially in volatile market conditions. Our quotations are derived from quotes in the underlying market available to us from the banks and liquidity providers with which we trade. We monitor the liquidity available in the underlying market, offering our minimum spread when the market spread is particularly small. In most other conditions, our typical spread applies. If spreads move wider in the underlying market, we may match this. We do not apply any weighting or biases to our pricing sources.
3. Margin requirements represent a percentage of the overall position value. Margins are subject to variation, especially in volatile market conditions. You can find the tiered margins from the Get Info dropdown section within each market in our trading platform. Please note that higher margins may be required for large positions. Please see our tiered margining page for more details.
4. Commission charges for Zero+ accounts: All trades in Zero+ accounts are subject to a commission of $5 USD per standard lot, charged on each execution (both opening and closing trades). Commissions are prorated for partial lots and debited immediately upon successful trade execution. Failed or rejected orders do not incur commission charges.
5. When you trade in a currency other than your default currency, your profit or loss will be realized in that currency. As standard practice, we will then immediately convert this back to your default currency. You can change this at any time via the trading platform. Our standard convert-on-close charge is 0.5%.
6. For foreign exchange transactions, adjustments are made to calculate the cost of funding a position, and these are posted to your account daily. The adjustments are calculated as follows:
A = V x R
Where:
A = the funding cost
V = the number of contracts x contract size
R = the current tom-next rate, including an administrative charge not exceeding 0.5% per annum
If the tom-next rate is less than zero, you will be debited for running a short position and credited for running a long position. If the tom-next rate is greater than zero, you will be credited for running a short position and debited for running a long position.
The funding adjustment is calculated for any position opened before 5:00 pm ET that is still open after 5:00 pm ET.
Note: Most forex pairs trade on a T+2 basis, and therefore any position opened before 5:00 pm ET Wednesday that is still open after 5:00 pm ET Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period. Some pairs trade on a T+1 basis (such as USD/CAD), and these pairs have a three-day adjustment on a Thursday at 5:00 pm ET. Adjustments will also take into account any holidays applicable to each currency in a pair.