Foreign Exchange trading

Parex banka offers its customers trading services, including margin trading at foreign exchange market.

Keeping in step with rapid market development and increasing instrument selection, Parex banka provides its clients with more than great service. Through various seminars and virtual games, Parex banka is helping to educate the market, contributing to the professional growth of our clients.

• Amount of the insurance deposit — at least 1 thousand USD.
• For carrying out trading operations, the customer gets at credit line depending on the amount of the paid insurance deposit. The credit line determines the limit of the open position. Henceforth, irrespective of the trading outcomes or movements of funds on the margin account, the limit remains the same until the bank corrects it respectively. Modification in the amount of the initial insurance deposit exceeding 50% might serve as the grounds for such correction.

  This is the guiding table of the conformity of deposit with the amount of credit line:

  Insurance deposit, thousand USD	1	3	5	10	15	20	25	30	50	100	over 100
  Credit line, million USD	0,25	0,5	0,7	1,4	1,5	2	2,5	2,8	3,8	4,7	As agreed

• The trading objects are major currencies including spot and forward, as well as gold, silver, platinum and palladium.
• The minimum amount for  ForEx deals is 100 thousand USD.
• As a rule, the major currencies spot transaction spread is 7 basis points for transactions under 250 thousand USD and 5 basis points for transactions equal or exceeding 250 thousand USD. The major currencies cross transaction spread is 10-15 basis points as a rule.
• Parex banka does not charge any other commission fees connected with margin transactions.
• Customers’ open positions are swapped overnight with a change of settlement date depending on current market interest rates.
• The Bank accepts for execution all standard market forms of orders (Stop, Limit, GTC, OCO, OTO and others).
• Parex banka’s trading desk is open 24 hours (starting at 7:30 a.m. on Monday to 23:00 on Friday Riga time).

Should you have any questions, please contact us at Capital Market and Investments Department by phone: (+371) 701-00-08, fax: (+371) 701-01-91 (GMT +2) or e-mail: margin@parex.lv.