1. Account Opening
The minimum initial account opening amounts are the following:
- 2’500 Euros or equivalent for a “Silver” Account
- 10’000 Euros or equivalent for a “Gold” Account
- 135’000 Euros or equivalent for a “Platinum” Account
A first demand bank guarantee from an approved bank will also be accepted. Accounts may be opened in any major currency (EUR, USD, CHF, GBP, JPY, CAD or AUD). RTFX will activate the account upon receipt of the funds and vetting of the appropriate account opening and due diligence documentation. RTFX will not pay interest on account balances.
2. Minimum Transactions
On the Foreign Exchange Market (Forex), the minimum transaction is as follow:
- 10’000 Euros or equivalent for a “Silver” Account;
- 50’000 Euros or equivalent for a “Gold” Account;
- 250’000 Euros or equivalent for a “Platinum” Account.
3. Margin Requirement
A maximum leverage, defined per instrument, is calculated at theopening of a new position, as per RTFX Trading Conditions Tablebelow.
4. Warning Call
RTFX’s Trading Department sends a Warning Call to the Client when itsmargin falls under the “Warning Threshold” level. However, RTFX willnot take any action on the Client’s account until the margin reaches orfalls under the “Last Threshold” level.
5 Position Close Out
When a client’s margin reaches or falls under the “Last Threshold”,RTFX reserves the right, at its full discretion and without furthernotification, to automatically close the Client’s open positions.
6. Order Execution Policy
Our Execution Policy applies when we execute orders relating totransactions on the Foreign Exchange (Forex) or other OTC financialderivative products on behalf of our clients. Please note that RTFXalways deal as principal and act as the relevant execution venue foryour orders.
The different types of financial instruments traded by RTFX are listedon our Trading Conditions Table with a description of their specificmargin requirements and pricing as may be updated by RTFX fromtime to time.
RTFX is committed to offering its clients the most competitive tradingservice in the market. However, in exceptional circumstances, theremay be occasions where we have to increase our normal spreads (forexample where there is a fast moving market or low liquidity). Mosttrades will be automatically priced and executed by RTFX’s tradingsystems. However, depending on factors such as for example unusualmarket conditions or the size and nature or your order, an instrumentmay be manually priced and/or a trade may be manually executed.During times of high demand manual pricing and/or execution maycause delays in processing your order which in turn can have animpact on the price at which your order is executed. RTFX iscommitted to providing the most competitive trading technology andhas put dealing procedures in place to minimize the risk of delays.
RTFX prices on Forex products are sourced from independent majorbanks providing liquidity to the Forex market. RTFX bases its pricesupon those issued by these Market Makers who, from experience,usually provide a consistent service in terms of frequency of updatesand reliability.
7. Conflicts of Interest
RTFX executes your orders internally against its own proprietaryportfolio, dealing with you as principal. RTFX is committed toidentifying, monitoring and managing all actual and potential conflictsof interest that can arise between RTFX and its clients. RTFX reviewsits Conflicts of Interest Policy regularly, at least annually or whenevera material change occurs that presents a conflict of interest notpreviously identified or contemplated.
8. Account Closing
Clients can close their account at any time by sending a writtenrequest to RTFX. Funds will be transferred, in most cases, within 48hours of receiving the request. Funds will only be transferred to abank account in the client’s name. No third party transfers will bemade.
9. Electronic Trading
The Internet may be subject to events which may affect your access toRTFX’s trading platforms. When using our trading platforms, wecannot be liable for any damages or losses that result from eventsbeyond our control. You are solely responsible for providing andmaintaining the equipment you require to ensure that you haveadequate access to our website. Alternatively, during the regulartrading hours, our trading desks remains available by phone or via email.
10. Applicable Law and Jurisdiction
All relationships between a Client and RTFX shall be governed byMaltese law.
The place of performance and the place of jurisdiction for anyproceedings whatsoever is Malta, regardless of whether or not theClient is residents and/or domiciled outside Malta. RTFX reserves theright to take legal action before the court of the Client’s domicile orbefore any other competent court, in which case Maltese law will stillapply.