Trading Conditions

Two Unique Liquidity Sources

Mt.Cook Financial’s Global/International Division is in a unique position of being able to provide two entirely different liquidity streams for traders to trade on. These include 1.) our ECN stream, and 2.) our DMA stream. Both products have their unique advantages and have been structured from the ground up exclusively for professional FX traders requiring prime conditions and direct access to deep, diversified inter-bank liquidity. Below is a brief comparison between the two feeds, and detailed trading conditions for both.

 

Primary Benefits

ECN STREAM
DMA STREAM
Tight SpreadsDeep Liquidity
Rapid ExecutionCheaper Trading Costs
Hybrid PAM TechnologyCustomizable Liquidity
Risk Mgmt Tools for InvestorsLots of Exotic Currency Pairs
Integrated ECN Back-OfficeExcellent CFD Lineup
Low FIX API MinimumCheap Swaps
More InformationMore Information

Not sure what feed is best for you?

Below is a brief comparison and general preference guide between the two. Please note that BOTH feeds are excellent, and being a boutique – flexibility is our middle name! If you require a customized trading environment (or help choosing the best feed to trade on), please contact us and let us know your requirements.

 

Best Suited For

ECN STREAM
DMA STREAM
Money Managers / PAMMsLarge Ticket Traders
InvestorsInstitutional Clients
Algo TradersHigh Volume Traders
ScalpersCFD Traders
HFT StrategiesSwap Sensitive Traders
FIX API TradingFund Managers
Signal ProvidersSMEs

 

Detailed Trading Conditions

FEATURE
CORE ECN STREAM
CORE DMA STREAM
CLEARING MODEL:ECN / STPDMA / STP
SPREADS:Raw / VariableRaw / Variable
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)$30 per million / per side (notional)
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:Up to 100:1 (more granted on a case by case basis)Up to 100:1 (more granted on a case by case basis)
AGGREGATED PRICING:YES (multi-point liquidity). YES (multi-point liquidity)
LIQUIDITY TYPE:Primarily bank sourcedBank + Non-Bank + OXO
PRIMARY LIQUIDITY PARTNER(S):Various / MultipleDivisa Capital
SERVER LOCATION:NEW YORK (Equinix NY4)LONDON (Equinix LD4)
LIVE SERVER NAME:AtlanticPearl-Live 1MTCOOK-Live
DEMO SERVER NAME:AtlanticPearl-DemoMTCOOK-Demo
INSTRUMENTS:Spot Forex and Metals, CFD Indicies and FuturesSpot 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
MARGIN CALL LEVEL:80%80%
STOP OUT LEVEL:60%60%
SERVER GMT OFFSET: GMT +30
PLATFORMS:Metatrader, FIX API, Social Trading PlatformsMetatrader, FIX API, Social Trading Platforms
FIX API MINIMUM:$5,000 USD$100,000 USD
CLOSE BY OPPOSITE POSITIONS IN MT4:NoYes
DAILY EMAIL STATEMENTS:NoYes
MT4 MOBILE:YesNo
MT4 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

 

Detailed Instrument Specifications

ECN STREAM
DMA STREAM
FX & Metals SpecificationsFX & Metals Specifications
CFD SpecificationsCFD Specifications
CFD Market Contracts and Expiration DatesCFD Market Contracts and Expiration Dates

 

Looking for more options?

Mt.Cook also operates our “OZ ECN” under our ASIC Division which taps in to a completely different liquidity pool, and is an excellent choice for retail traders.

PLEASE CONTACT US FOR MORE INFORMATION READY TO GO? OPEN AN ACCOUNT NOW