FXSpotStream Account Types

FXSpotStream offers a unique trading experience with its multibank price streaming service, allowing clients to access liquidity from multiple global banks without incurring transaction fees. The primary account types available include:

• Clearing Accounts: These accounts are designed for clients that require inline credit controls (ICC) and are used for trading FX spot and derivatives. Clients must associate their accounts with a central FX prime broker.

• Trading Accounts: Clients can create trading accounts linked to their clearing accounts. These accounts support various trading instruments, including FX spot, forwards, swaps, and precious metals.

• Non-Deliverable Forward (NDF) Accounts: Specifically for clients trading NDFs, these accounts allow for cash-settled trades without the physical exchange of currencies.

• Algorithmic Trading Accounts: Clients can access over 70 algorithms for trading, which can be assigned pre- and post-trade allocations.

FXSpotStream Broker Account Opening Process

To open an account with FXSpotStream, follow these steps:

• Account Management Service: Access the account management service to initiate the account creation process.

• Account Search: Perform an account search to check if the account already exists. If not, select "Create New."

• Enter Account Details: Fill in the required account details:

• Clearing Member: Enter the name of the FXSpotStream firm.
• Account Number: Use a unique account number not linked to any existing GFID/execution firm.
• Description: Specify details to identify the firm or its purpose.
• Owner Firm: Indicate the trading firm associated with the FXSpotStream firm.
• Customer/House: Default is customer, indicating whether the account represents customer segregated funds or house funds.
• CTI Code: Select the appropriate CTI code based on the account type.

• Select Execution Firm: Choose the execution firm associated with the account.

• Create Account: After entering all details, select "Create" and choose to make the account active or inactive.

• Account Management Functions: Authorized admin users can manage settings such as suspending order entry, editing account details, or managing account-level credit controls.

• Verification Process: Complete the verification process as required by FXSpotStream to activate the account.

For more detailed instructions and requirements, clients should refer to the FXSpotStream official website or contact their support team.