Why Forex Trading with Maxco?

Spot Transaction

• Each Trade will be given a bid price with spread based on live market price.
• Hectic Market Condition to Fast Moving Market – a situation when the market is in volatile conditions. In this situation, the spread will be based on the conditions of the price movement as well as the quotation submitted by the Liquidity Provider. In some cases, the stop level will also be changed. What is meant by Hectic conditions if at least one of the situations below is met, and not caused by the wrong quote, as follows:
  a) Bid or Ask is only one side.
  b) The spread between the Bid and the Ask is more than the normal spread set by the Trader Operators; or
  c) Price fluctuations due to political, economic news, terrorism, natural disasters and other matters affecting financial market conditions.
• When a Hectic Market happens, the ability to trade may be disrupted if the banks and market makers are held back and do not set the prices. The company then has the right to widen the spread according to market conditions.
• Each Trade will be limited to a maximum of 50 lots.

Wrong Quote
If there is a price error (wrong quote) in the system, the company has the right to cancel the transaction that occurs with or without the consent of the customer.