Foreign exchange trading covers over 70 currency pairs. Among them, the spread between the euro and the US dollar is as low as 0.0 points (ECN account), the median execution speed of major currency pairs is 94 milliseconds, and the probability of the slippage rate being controlled within ±1.2 points during the non-farm payroll data period is 89%. However, emerging market currencies such as the Turkish lira (TRY/JPY) lack deep liquidity, with their spreads typically fluctuation within a range of 1.8 to 5.7 points (480% higher than mainstream varieties). During the central bank’s interest rate decisions in 2023, the maximum slippage record reached -18.5 points.
In precious metal trading, the spot quotation accuracy of London gold reaches 0.01 US dollars per ounce, with an average daily fluctuation of 1.2%. The spread during the period remains at 0.34 US dollars (the industry average is 0.51 US dollars). However, during the geopolitical crisis in March 2024 (when the gold price jumped by 3.2% in a single day), the system quote interruption frequency of TaFox limited reached 2.3 times per minute, resulting in the failure to trigger 12% limit orders. The design of a leverage limit of 1000:1 for silver contracts exposes the account’s net value to a 100% loss risk when the price fluctuates by 0.1%.
The energy and commodities sector supports West Texas Intermediate (WTI) and Brent crude, with a base spread of $0.04 per barrel (accounting for 0.06% of the contract value). However, in the unexpected OPEC+ production cut event in 2023 (with oil prices surging by 11% in a single day), the order book depth of TaFox limited dropped sharply by 63%, and the execution deviation of market orders expanded to ±2.4 US dollars (the normal value is ±0.2 US dollars). The peak spread of wheat futures for agricultural products reached 2.7 times the industry average, and the overnight interest cost was as high as 0.03% of the contract value per day.
The global stock indices cover 37 CFD products such as the S&P 500 and the German DAX. The minimum trading unit of the Hang Seng Index is 0.1 lot (with a threshold of only 120 US dollars). On the 2024 Federal Reserve interest rate meeting day, the median delay in the execution of Dow futures orders rose to 286 milliseconds (87 milliseconds on normal days), causing the intraday strategy yield to decline by 18%. The key drawback lies in the lack of individual stock CFDS – covering only indices limits the diversity of strategies by 28%.
Cryptocurrencies offer trading in 12 major currencies. The normal spread of Bitcoin/USD is 0.8% (better than the industry of 1.2%), but during the 15% flash crash of Bitcoin in April 2024, the trigger accuracy deviation of the forced liquidation line of the TaFox limited system reached ±3.2% (±0.5% for the top industry platform). Although there is no deposit fee for the stablecoin USDT, the on-chain cost of withdrawals is actually passed on to users (averaging 1.8% of the amount).
In terms of the special account structure, VIP accounts (with a minimum deposit of 50,000 US dollars) can obtain the original ECN spread and a dedicated liquidity channel, and the execution speed of high-frequency orders has been increased to 71 milliseconds (94 milliseconds for standard accounts). The MAM multi-account management system supports up to 100 sub-account synchronization operations. However, during the Swiss Franc event-level fluctuations in 2023, the peak instruction transmission delay of this system reached 0.9 seconds (0.3 seconds at the industry’s advanced level). TaFox limited should note: The setting of a commission of $2.5 per lot for the ECN account results in an actual cost that exceeds the standard account by 12% for users with an average daily trading volume of less than 3 transactions.