Leading FX Brokerage FXCM officially added liquidity to the offshore renminbi. Here is info on FXCM’s offering.
VITAL STATISTICS | |
Target Spread | 26-27 pips |
Margin Requirement | $50 per lot |
Minimum Lot Size | CN¥1,000 (1k) |
Pip Cost | $0.016 per lot |
Average Daily Range | 100 pips in 2014 |
Hedging Capability: You can go long or short yuan in the same account and hedge your positions. Hedging is not available to FXCM LLC clients or US residents.
Above is the USD/CNH panel on the Trading Station platform, we are unable to confirm whether or not USD/CNH is available on all of FXCM’s platforms yet.