Clients from most countries in the world benefit from a multi-currency account at MEXEM. Such accounts can hold numerous cash balances at the same time.

To open a position in a security that is denominated or settled in a currency you do not obtain, clients with a cash account will have to convert enough funds to the denominated/settled currency to cover the cost of the trade. However, in a margin account clients can either
(a) convert enough cash to cover the cost of the position in the denominated/settled currency or
(b) open the position without converting currency and MEXEM will extend a margin loan to cover the cost of the trade (please note that for option (b) when the position is closed the margin loan will close as well but the gain/loss on the position will remain in the denominated/settled currency).