Account types
Characteristics |
Centaccount
|
Standardaccount
|
---|---|---|
Account Currency | US cent, EU cent, MYR cent, THB cent | USD, EUR, 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 |
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 |
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% |
Execution ?
Order execution mode
|
Instant | Instant/Market(1) |
Position size ?
Maximum and minimum position size, in standard lots
|
0.01 - 200.00 lot(3) | 0.01 - 2.00 standard lot |
Step | 0.01 | 0.01 |
Max. number of positions online ?
The maximum combined number of open and pending positions that you can maintain at this account.
|
150 | 100 |
Commission ?
This is a fee charged for making transactions
|
No | No |
Quotes ?
An indicative market price
|
basic (4 digits after comma) | basic (4 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 |
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% |
Strategy Policy | Generally, no limits for strategies(4) | |
Open Cent account | Open Standard account |
Characteristics |
Start(8)account
|
Interbank Centaccount
|
Interbank Standardaccount
|
ECN Pro(6)account
|
---|---|---|---|---|
Account Currency | USD, MYR, THB | US cent, MYR cent, THB cent | USD, MYR, THB, NGN | USD |
Leverage ?
This is the ratio of client's amount of traded funds to free funds.
|
up to 1:2000 | up to 1:500 | up to 1:500 | Forex, metals: up to 1:300 Indices: up to 1:100 Crypto: up to 1:10 |
Spread ?
Spread is the difference between buy and sell price.
|
Floating. 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 0.1 pip with a 5-digit price feed. |
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. |
70%/50% | 60%/40% | 40%/20% | 100%/80% |
Execution ?
Order execution mode
|
Market | Market | Market | Market |
Position size ?
Maximum and minimum position size, in standard lots
|
0.01 - 1.00 standard lot | 0.01 - 500.00 lot(3) | 0.01 - 5.00 standard lot | Forex, metals: 0.01 - 50.00 standard lot Indices: 0.1 - 50.00 standard lot Crypto: 0.01 - 10.00 standard lot |
Step | 0.01 | 0.01 | 0.01 | 0.01 |
Max. number of positions online ?
The maximum combined number of open and pending positions that you can maintain at this account.
|
50 | 150 | 150 | 300 |
Commission ?
This is a fee charged for making transactions
|
No | No | No | Forex, metals, indices: $3 per lot Crypto: 0.15% per lot |
Quotes ?
An indicative market price
|
extended (5 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 | Available (3-days swap: Indices, Crypto - Friday, Metals - Wednesday) |
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% |
Strategy Policy | Generally, no limits for strategies(4) | All strategies, including scalping are available(7) | ||
Open Start Account account |
Open Interbank Cent account |
Open Interbank Standard account |
Open ECN Pro account |
Characteristics |
Live Contest(9)account
|
Volume Cashaccount
|
---|---|---|
Account Currency | USD | USD |
Leverage ?
This is the ratio of client's amount of traded funds to free funds.
|
up to 1:1000 | up to 1:1000 |
Spread ?
Spread is the difference between buy and sell price.
|
Floating. For full spread list click here | Floating. 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. |
70%/50% | 70%/50% |
Execution ?
Order execution mode
|
Automatic Market Execution | Automatic Market Execution |
Position size ?
Maximum and minimum position size, in standard lots
|
Forex, metals: 0.01 - 3.00 standard lot | Forex, metals: 0.01 - 3.00 standard lot |
Step | 0.01 | 0.01 |
Max. number of positions online ?
The maximum combined number of open and pending positions that you can maintain at this account.
|
50 | 50 |
Commission ?
This is a fee charged for making transactions
|
Forex, metals: $1.5 per lot | Forex, metals: $1.5 per lot |
Quotes ?
An indicative market price
|
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 | Swap-free |
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 | 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% |
Strategy Policy | Generally, no limits for strategies(4) | |
Open Live Contest account | Open Volume Cash 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 Standard, Interbank Standard, and ECN Pro 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).
(6) Minimum deposit for ECN Pro account is $100.
(7) ECN Pro is specifically designed for:
- Scalping/Algo EAs and Strategies
- Martingale/Grid EAs and Strategies
- Professional Fund Management with the usage of MAM
- Any strategies where it is important to place Entry/Stop Orders as close to the market price as possible. There are no distance restrictions at all for placing such orders on the ECN PRO account.
- For ECN Pro accounts with Fixed rate, the minimum trading volume of one position is 0.03 lot
(8) Please note that no expert advisors are allowed on the Start account type
(9) In regards to Live Contest Account (LCA), the following conditions apply:
- The deposit range is $20 to $2000
- No EAs are allowed
(10) Due to the specifics of the setup and operation of the ECN Pro account type (MAM, ECN Copy Pro), clients will see different prices on instrument charts and in the Market Watch section. Therefore, when trading, you need to focus on the prices published in the Market Watch (Ctrl+M). This specific feature applies to all instruments on the ECN Pro account type (MAM, ECN Copy Pro)
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.