Account types
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›
Cent
account
Trade small amounts with minimized
risks. Account currency in USD100
risks. Account currency in USD100
Account currency
US cent, EU cent, MYR cent, THB cent
Leverage
1:1000
Position Size
0.01 - 200.00
(micro lot)
(micro lot)
Spread
Execution
Instant
Standard
account
Make instant profits from short
positions with fixed spread from 1 pip
positions with fixed spread from 1 pip
Account currency
USD, EUR, MYR, THB, NGN
Leverage
1:500
Position Size
0.01 - 2.00
(standard lot)
(standard lot)
Spread
Execution
Instant/Market
Interbank Cent
account
Cent account with market execution
and tight spread from 1.1 pip
and tight spread from 1.1 pip
Account currency
US cent, MYR cent, THB cent
Leverage
1:500
Position Size
0.01 - 500.00
(micro lot)
(micro lot)
Spread
Execution
Market
Interbank Standard
account
Market execution and spread from
1.1 pip for confident interbank trading
1.1 pip for confident interbank trading
Account currency
USD, MYR, THB, NGN
Leverage
1:500
Position Size
0.01 - 5.00
(standard lot)
(standard lot)
Spread
Execution
Market
ECN Plus
account
Unlimited possibilities for aggressive
trading
trading
Account currency
USD, MYR, THB, NGN
Leverage
1:500
Position Size
0.01 - 5.00
(standard lot)
(standard lot)
Spread
Execution
Market
| Characteristics | Cent | Standard | Interbank Cent | Interbank Standard | ECN Plus |
|---|---|---|---|---|---|
| Account Currency | US cent, EU cent, MYR cent, THB cent | USD, EUR, MYR, THB, NGN | US cent, MYR cent, THB cent | USD, MYR, THB, NGN | USD, MYR, THB, NGN |
| Leverage ?
This is the ratio of client's amount of traded funds to free funds.
|
up to 1:1000 | up to 1:500 | up to 1:500 | up to 1:500 | up to 1:500 |
| Spread ?
Spread is the difference between buy and sell price.
|
Fixed, starting from 1 pip. For full spread list click here | Fixed, starting from 1 pip. For full spread list click here | Floating, starting from 1.1 pip with a 5-digit price feed. For full spread list click here | Floating, starting from 1.1 pip with a 5-digit price feed. For full spread list click here | Floating, starting from 1.1 pip with a 5-digit price feed. For full spread list click here |
| Margin Call/Stop Out level ?
Margin Call is the level of client's funds where a notification about insufficient funds is sent.
Stop Out is the level of client's funds where losing positions are closed automatically. |
30%/10% | 30%/10% | 60%/40% | 40%/20% | 100%/70% |
| Execution ?
Order execution mode
|
Instant | Instant/Market(1) | Market | Market | Market |
| Position size ?
Maximum and minimum position size, in standard lots
|
0.01 - 200.00 lot(3) | 0.01 - 2.00 standard lot | 0.01 - 500.00 lot(3) | 0.01 - 5.00 standard lot | 0.01 - 5.00 standard lot |
| Max. number of positions online ?
The maximum combined number of open and pending positions that you can maintain at this account.
|
150 | 100 | 150 | 150 | 150 |
| Commission ?
This is a fee charged for making transactions
|
No | No | No | No | Swap accounts - 0.6 pip per lot. Swap-free accounts - 1.6 pip per lot |
| Quotes ?
An indicative market price
|
basic (4 digits after comma) | basic (4 digits after comma) | extended (5 digits after comma) | extended (5 digits after comma) | extended (5 digits after comma) |
| Swap interest ?
A Swap is a difference in credit interest rates for currencies used in trades. The interest is added (if it is positive) to the account or taken from it (if negative) when a trading position is left open overnight.
|
Swap-free available | Swap-free available | Swap-free available | Swap-free available | Market (for the full swap rates list click here) Swap-free available |
| Hedging policy ?
The ability to use hedging (Locking). Opening a transaction in the direction opposite to an existing one, allowing to keep both positions open.
|
Hedging is allowed except hedging between swap and swap-free accounts | ||||
| Locked-Up Margin for hedged positions?
Margin required to open and maintain hedged positions of the same volume
|
0% | 0% | 0% | 0% | 0% |
| Strategy Policy | Generally, no limits for strategies(4) | All strategies, including scalping are available | |||
| Open Cent account |
Open Standard account |
Open Interbank Cent account |
Open Interbank Standard account |
Open ECN Plus account |
|
(1) Market Execution only for instruments with 0 pip spread (like a EURUSD#, GBPUSD# etc.):
a. The trading commission is $10.
b. A Non-Qualified Trades Commission is applied.
c. Locked-Up Margin for hedged positions - 0%
a. The trading commission is $10.
b. A Non-Qualified Trades Commission is applied.
c. Locked-Up Margin for hedged positions - 0%
(2) There might be exceptions from this rule.
(3) Micro lot equals to 1/100th of a standard lot. For example: Position on Cent (Interbank Cent) type account 200.00 lot equal 2.00 lot on Zero, Standard and Interbank Standard/Plus account types
(4) There might be exceptions from this rule.
(5) If your balance goes negative due to Stop Out your losses will be covered by FXCL in full and you won't lose more than you have invested (Full terms in Trading Agreement).
A useful tip for clients from Indonesia, Laos, Malaysia, and Thailand - use Fixed rate option
Check the Open Account page to learn about the Fixed rate option which allows you to benefit from special FXCL conversion rate and increase your trading possibilities.