As a popular financial derivative, Forex futures are contracts that involve currency exchange at a predefined Forex rate at a determined date in future. With the assistance of Forex trading platforms, traders might easily trade Forex futures online. There are many Forex trading platforms that allow traders to trade futures online. Last time we have discussed one of the best Forex futures trading platforms: IKON Elite Forex trading platform. Today I want to introduce you another best Forex futures trading platform: IKON- NASDAQ NFX Forex Trading Platform for your reference.
What is IKON-NASDAQ NFX Forex Trading Platform?
IKON-NASDAQ NFX Forex Trading Platform empowers traders and investors the access to the NASDAQ Futures Exchange. This Forex trading platform is particularly developed for live NFX market prices and orders placement on World Currency Products (WCF), an excellent choice to include in investor’s hedging portfolio.
NASDAQ Futures Exchange offers trading on major currencies, all of which are retail-sized (approximate notional value is $10,000) and are cash settled in U.S. dollars. WCFs are an exact hedge for World Currency Options (securities options) which trade on NASDAQ OMX /PHLX. Partnered with NASDAQ OMX Futures Exchange, IKON Group is the first futures broker to offer clients access to NFX’s World Currency Futures Products (WCF). As a result, traders would be able to utilize the IKON trading application to check live NFX market prices and enter buy/sell orders. Besides, trading futures via IKON-NASDAQ NFX Forex Trading Platform, traders can enjoy countless benefits, ranging from competitive commissions to user-friendly and advanced trading tools.
Key facts for trading futures on IKON-NASDAQ NFX Forex Trading Platform
Trading hours of NASDAQ Futures are from 13:20 GMT, until 21:15 p.m. GMT on weekdays. However, during off-exchange hours, traders are allowed to place EFP orders in order to be converted to exchange contracts the next business day. The EFP session is available during off-exchange hours from 5 p.m. EST Sunday until 5 p.m. EST Friday.
Minimum Deposit for a NASDAQ futures account on IKON-NASDAQ NFX Forex Trading Platform is $ US 1,000.
Trial Period for IKON-NASDAQ NFX Forex Trading Platform is 30 days. Traders can open a free full-functional demo account with IKON Group.
NFX World Currency Futures products include:
• Australian Dollar
• British Pound
• Canadian Dollar
• Euro Dollar
• Japanese Yen
• Mexican Peso
• New Zealand Dollar
• Norwegian Krone
• South African Rand
• Swedish Krona
• Swiss Franc
• Turkish Lira
How to open an account of IKON-NASDAQ NFX Forex Trading Platform for NFX futures trading?
If you are interested in NFX futures trading and want to open an account of IKON-NASDAQ NFX Forex trading platform, you can send your application online or send hard copy by mail. You can find all of the account opening information for IKON-NASDAQ NFX Forex trding platform under the opening account page. Usually it takes 2 business days on average to process after receipt of all documents. Any withdrawals can be done via bank wire, check, (if amount is less than US $1,000) or via PayPal. USD, AUD, EUR, CHF, CAD, and NZD funding are accepted.