MEXEM FAQ Tags

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Trading

What is the Mark-to-Market calculation method and how does it work?

Mark-to-Market (MTM) calculates profit or loss regardless of open or closed positions. It assumes daily settlement and new positions each day. MTM P/L = Position MTM + Transaction MTM - Commissions. More details in our Knowledge Base and Reporting Guide.

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Trading

What is the FXTrader?

FXTrader is an optimized interface by MEXEM for forex trading. Price display highlights bid/ask and shows price movement in green (up) or orange (down). Each currency pair has its own cell for trading. Order, trade, and portfolio info shown on top. Visit TWS Users' Guide for help.

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Trading

What is the difference between a Stop order and a Stop Limit order?

Stop order (STP): Designate Stop Price, triggers market order when hit. Stop Limit order (STP LMT): Designate Stop Price and Limit Price, triggers limit order at designated price. More info on website. Details on stop orders in Knowledge Base.

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Trading

What is meant by Current Excess Liquidity?

MTM profit/loss reflects overall profit/loss regardless of open or closed positions. MTM P/L = Position MTM + Transaction MTM - Commissions. Position MTM = (Current Closing Price - Prior Closing Price) x Prior Quantity x Multiplier. Transaction MTM = (Current Closing Price - Trade Price) x Current Quantity x Multiplier. More info in Knowledge Base and Reporting Guide.

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Trading

What is the default trigger method for my Stop order?

Default trigger method for stocks is "Last." For US options, it's "Double bid/ask." Forex cash pairs use single "bid/ask." Futures and Futures Options default to "Last." See "How to Modify the Stop Trigger Method" for more info.

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Fees & Interest

Am I subject to the US stock commission schedule if I trade US stocks but am not a US resident?

Commissions are determined by product type and exchange, not by the client's location. For commission structures per asset class, check the "Commissions" under the "Pricing" menu on our website.

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