Conditions

Trading Conditions

Mt.Cook’s DMA Pro feed and new ECN feed are both structured from the ground up for professional traders requiring prime conditions and direct access to interbank liquidity.

Below is a list of our general trading conditions on both feeds. Please note that being a boutique – flexibility is our middle name! If you require a customized trading environment, please contact us and let us know your requirements.

FEATURE
ECN STREAM
DMA STREAM
CLEARING MODEL:ECN / STPDMA / STP
ADVANTAGES:Tight Spreads, Fast ExecutionMarket Depth, Big Ticket Trading
SPREADS:VariableVariable
SPREAD PRICING:Raw SpreadsRaw Spreads
MINIMUM DEPOSIT:$5,000 USD$5,000 USD
EXECUTION:MarketMarket
COMMISSION TYPE:Transactional (round turn)Transactional (round turn)
STANDARD COMMISSION:$32.5 per million / per side (notional)$35 per million / per side (fixed)
BASE CURRENCY:USD, EUR, GBP, AUDUSD, EUR, GBP, AUD
MINIMUM CONTRACT SIZE:0.01 lots (1,000 units) 0.01 lots (1,000 units)
TRADE SIZE INCREMENT:0.01 lots (1,000 units)0.01 lots (1,000 units)
DECIMAL PRICING:5 digit (3 for JPY pairs)5 digit (3 for JPY pairs)
MINIMUM TP OR SL:No (0 pips)No (0 pips)
LEVERAGE:100:1 on FX and Metals100:1 on FX, 50:1 on Metals
AGGREGATED PRICING:YES (multi-point liquidity)YES (multi-point liquidity)
SERVER LOCATION:NEW YORK (Equinix NY4)LONDON (Equinix LD4)
INSTRUMENTS:Spot Forex and Metals, CFD Indicies and Futures *Spot Forex and Metals, CFD Indicies and Futures *
EA COMPATIBLE:YesYes
HEDGING PERMITTED:YesYes
MARGIN ON HEDGESDeemed "flat" with no margin requiredDeemed "flat" with no margin required
TRADING PERMITTED:All stylesAll styles
MARGIN CALL LEVEL:80%80%
STOP OUT LEVEL:60%60%
SERVER GMT OFFSET: GMT +30
PLATFORMS:Metatrader and FIX APIMetatrader and FIX API
FIX API MINIMUM:$10,000 USD$100,000 USD
CLOSE BY OPPOSITE POSITIONS IN MT4:NoYes
PAMM AVAILABILITY:YesYes
ADVANCED HYBRID PAMM 2.0:YesNo
FUNDING METHODS:Bank Wire, Neteller, China Union PayBank Wire, Neteller, China Union Pay
MARKET HOURS:Sunday 5:05pm EST - Friday 5:00pm ESTSunday 5:05pm EST - Friday 5:00pm EST

 

* For Detailed CFD Data and Expiration Dates on DMAplease click here.