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Trading terms

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General Trading Terms

Market hours: Hedging policy: Trading platform:
Mon 00:05 (Server Time) to Fri 23:00 (Server Time) Hedging is allowed except hedging between swap and swap-free accounts MetaTrader 4
Execution policy: Spread policy: Margin Call:
All orders will be honored under normal market conditions. Spreads may not always be guaranteed. During the major news announcements, extremely volatile market conditions or low liquidity, spreads may be expanded without any prior notification. Margin Call protects you from losing more money than you have on your account. You can find FXCL Margin Call rules on our site.
The values of the Margin Call and Stop Out levels may be changed (depending on the account type) on Fridays at 21:00 (Server Time).
Processing fees: Swap schedule:
FXCL Markets does not charge any payment processing fees. Positions roll over at 00:00 (Server Time).
When you roll an open position from Wednesday to Thursday, then next Monday becomes the value date, not Saturday; therefore the rollover charge on Wednesday evening will be three times the value indicated at the Swap chart.
Deposit currencies:
Your profit/loss will be calculated in the currency of your deposit and will be withdrawable in the same currency with no conversion fees. You may only withdraw in the currency your account was originally set up to use.
Note: ECN accounts can be deposited in USD only.
Order execution during market gaps and market opening:
During high and low levels of liquidity upon market opening after weekends, an hour before the market closes, during National Bank Holidays and major Geopolitical and Economic News releases (publication of fundamental data, market intervention, speeches of significant persons in the economic environment, etc.), markets may become extremely volatile.
It is not uncommon to see the increase of Limit&Stop levels**, an extension of spreads for trading instruments, price gaps and move in increments of 20, 30, or even more than 50 pips at a time.
Because of potential price gaps and changes in Limit&Stop levels and spreads, FXCL Markets Ltd. cannot guarantee order fills in such conditions. Also, order execution time may increase. Any orders may be filled at the next available price and will not always be filled at the requested price or stop or with a set spread.
Trading precious metals and exotics:
Trading precious metals is available 5 days a week, from 1:01 (Server Time) to 23:00 (Server Time) from Mondays till Fridays.
Trading exotics pairs (EURPLN, GBPNOK, GBPSEK, USDMXN, USDNOK, USDSEK) is available 5 days a week, from 1:00 server time to 23:59 server time from Mondays till Thursdays and from 1:00 to 23:00 (Server Time) on Fridays.
Attention: No orders can be opened or closed during the mentioned maintenance time between the sessions. Adjust your trading strategy accordingly.
Additional:
  • FXCL Markets may disable specific EAs considered to be violating company risk management parameters. This is done at the company’s sole discretion, without any prior notice.
  • Hedging strategy aiming to gain profits from using SWAPS on 2 different accounts should be conducted ONLY at the accounts of the same account type. In case of detecting a usage of a SWAP hedging strategy which involves different account types, all SWAPS earned from the first trade will be annulled without prior notification.
  • Customer accounts will be subject to a monthly inactivity fee if no trading activity has occurred for a period of 60 days or more. Trading activity is defined as the opening and/or closing of a position or maintaining an open position during that period.
  • Limit & Stop level — the price range (in points) from the current market price within which it is not allowed to set Stop Loss, Take Profit, or pending orders.
  • To protect traders, whose summary balance of all accounts exceeds $40,000, against excessive losses, the company may change marginal requirements on Fridays, during two hours prior to the market closure and upon the market opening, to the following terms: 1. Margin Call/Stop Out levels to 100%/70% accordingly; 2. Leverage to 1:10.
  • Account ECN Plus is the only type of accounts which can accommodate any types of strategies. FXCL reserves the right to switch any account to ECN Plus at any time, at its own discretion.
  • Within one hour prior to the market close on Fridays to all newly opened positions for all currency pairs and spot metals the leverage up to 1:100 will be available. 
  • For Zero Spread account, market hours: Mon 01:05 (Server Time) to Thurs. 23:59 (Server Time), Fri 23:00 (Server Time). Trading terms change on Fridays 2h before close market (21:00), backup +1h after start market on Mondays (02:00), including Leverage (1:100), MC/SO and Stop&Limit (EURUSD, GBPUSD, USDJPY, USDCHF - 15 pip, other instruments - 30 pip).
  • For ECN Copytrade account, market hours are as follows: Monday through Thursday from 00:05 to 00:00 (Server Time), on Friday from 00:05 to 23:55 (Server Time).
  • Server Time is set to GMT+3 in summer and GMT+2 in winter.

Account comparison

  Mini Micro Cent Beginner ECN Cent ECN Interbank ECN Plus
Maximum deposit(1) $20000 $20000 $20000 $20000 $30000 $20000
Account currency USD, EUR(2) US cent, EU cent(3) USD(2) US cent(3) USD(2) USD(2)
Margin Call level 30% 30% 40% 60% 40% 100%
Stop Out level 10% 10% 20% 40% 20% 70%
Maximum leverage 1:500 1:500 1:1000 1:500 1:500 1:500
Swap interest Swap-free available(4) Swap-free available(4) Swap-free available(4) Swap-free available(4) Market (for the full swap rates list click here)
Swap-free available(4)
Market (for the full swap rates list click here)
Swap-free available(4)
Spread Fixed.
For full spread list
click here.
Fixed.
For full spread list
click here.
Fixed, 4-digit price feed.
For full spread list
click here.
Floating, starting from 0.6 pip with a 5-digit price feed Floating, starting from 0.8 pip with a 5-digit price feed Floating, starting from 1 pip with a 5-digit price feed
Maximum position size 2 standard lots 1 standard (100 micro) lot 1 standard 2 standard (200 micro) lots 2 standard lots 2 standard lots
Minimum position size 0.01 0.01 0.01 0.01 0.01 0.01
Execution Instant Instant Instant Market Market Market
Maximum number of orders 50 70 20 50 50 30
Commission No No No No Swap accounts - 0.2 pip per lot
Swap-free accounts -0.6 pip per lot
Swap accounts - 0.6 pip per lot
Swap-free accounts -1.6 pip per lot
Expert Advisor policy(5) Grid/Martingale, Pipsing, Spam-type EAs are not allowed. Most other EA types are allowed. All EAs are allowed.
Non-qualified trades(6) Non-qualified trades are fully prohibited Non-aggressive usage is allowed
Minimum deposit Starting from $1
Market hours Mon 00:00 (Server Time) to Fri 23:00 (Server Time)
Trading platform MetaTrader 4, Android mobile trader, iPhone mobile trader
Hedging Hedging is allowed except hedging between swap and swap-free accounts
  Open Live account  Open Demo account
 

(1) You can continue growing the balance of your account beyond this limit through profitable trades.
(2) Also available in MYR in Malaysia, THB in Thailand and NGN in Nigeria.
(3) Also available in MYR100(sen) in Malaysia and THB100(satang) in Thailand.
(4) Swap-free accounts - accounts which are reconcilable with Sharia laws for Muslim traders.
(5) FXCL may disable specific EAs which we consider to be violating company risk management parameters. This is done at our sole discretion, without any prior notice.
(6) Non-qualified trades are the trades which take profit or loss less than triple spread (3 pips or less) and/or are kept open for less than 3 minutes.

Spreads

Instrument Beginner Mini Micro ECN Cent (from) ECN Interbank (from) ECN Plus (from) ECN Copytrade (from)
AUDCAD
Australian Dollar / Canadian Dollar
  7 7 3.1 3.1 3.1 2
AUDCHF
Australian Dollar / Swiss Franc
  7 7 3.4 3.4 3.4 2.2
AUDJPY
Australian Dollar / Japanese Yen
  5 5 2.1 2.1 2.1 1.9
AUDNZD
Australian Dollar / New Zealand Dollar
  10 10 4.1 4.1 4.1 1.9
AUDUSD
Australian Dollar / US Dollar
5 3 3 2.7 2.7 2.7 1.8
CADCHF
Canadian Dollar / Swiss Franc
  7 7   2.4 2.2 2.2
CADJPY
Canadian Dollar / Japanese Yen
  4 4 2.1 2.1 2.1 1.8
CHFJPY
Swiss Franc / Japanese Yen
  4 4 3.0 3.0 3.0 2
EURAUD
Euro / Australian Dollar
  9 9 4.2 4.2 4.2 1.8
EURCAD
Euro / Canadian Dollar
  9 9 4.2 4.2 4.2 2.4
EURCHF
Euro / Swiss Franc
5 3 3 2.3 2.3 2.3 2
EURGBP
Euro / British Pound
7 4 4 3.1 3.1 3.1 2
EURJPY
Euro / Japanese Yen
6 3 3 2.4 2.4 2.4 1.8
EURPLN
Euro / Polish Zloty
  35 35   35.0   26
EURUSD
Euro / US Dollar
2 1 1 1.1 1.1 1.1 1.6
GBPCAD
Pound / Canadian Dollar
  10 10 4.5 4.5 4.5 2.2
GBPCHF
Pound / Swiss Franc
  7 7 4.0 4.0 4.0 2.4
GBPJPY
Pound / Japanese Yen
  4 4 4.0 4.0 4.0 2.3
GBPNOK
Pound / Norwegian Krone
        50.0   31.5
GBPNZD
Pound / New Zealand Dollar
  12 12 6.0 6.0 6.0 3.8
GBPSEK
Pound / Swedish Krona
        55.0   37.6
GBPUSD
Pound / US Dollar
3 2 2 2.2 2.2 2.2 1.9
NZDCAD
New Zealand Dollar / Canadian Dollar
  7 7   3.6   2.4
NZDCHF
New Zealand Dollar / Swiss Franc
  9 9   4.0   2.2
NZDJPY
New Zealand Dollar / Japanese Yen
  5 5   3.1   2.1
NZDUSD
New Zealand Dollar / US Dollar
6 4 4 3.0 3.0 3.0 1.8
USDCAD
US Dollar / Canadian Dollar
5 3 3 2.5 2.5 2.5 2
USDCHF
US Dollar / Swiss Franc
5 2 2 2.0 2.0 2.0 1.9
USDJPY
US Dollar / Japanese Yen
2 2 2 1.9 1.9 1.9 1.6
USDMXN
US Dollar / Mexico Peso
        65.8   41
USDNOK
US Dollar / Norwegian Krone
        35.3   16.8
USDPLN
US Dollar / Polish Zloty
  25 25   25.0   17.8
USDSEK
US Dollar / Swedish Krona
        33.0   35.5
XAGUSD
Silver / US Dollar
  4 4 3.5 3.5 3.5 1.8
XAUEUR
Gold / Euro
  75 75 60 60 60 60
XAUUSD
Gold / US Dollar
  45 45 40.0 40.0 40.0 39
BTCUSD
Bitcoin / US Dollar
            2000
ETHUSD
Ethereum / US Dollar
            181
LTCUSD
Litecoin / US Dollar
            1010
XRPUSD
Ripple / US Dollar
            450
 

The spread value for Mini, Micro Cent, Beginner and Zero Spread account types is fixed in normal market conditions and might be increased during the major news releases, holidays and rollover charges.

SWAP rates

Currency Pair Long Short
AUDCAD
Australian Dollar / Canadian Dollar
-0,372 -0,119
AUDCHF
Australian Dollar / Swiss Franc
0,192 -0,703
AUDJPY
Australian Dollar / Japanese Yen
0,118 -0,622
AUDNZD
Australian Dollar / New Zealand Dollar
-0,385 -0,182
AUDUSD
Australian Dollar / US Dollar
-0,665 -0,081
CADCHF
Canadian Dollar / Swiss Franc
0,263 -0,855
CADJPY
Canadian Dollar / Japanese Yen
0,192 -0,769
CHFJPY
Swiss Franc / Japanese Yen
-0,506 -0,068
EURAUD
Euro / Australian Dollar
-1,379 0,332
EURCAD
Euro / Canadian Dollar
-1,498 0,425
EURCHF
Euro / Swiss Franc
-0,124 -0,453
EURCZK
Euro / Czech Koruna
-0,306 0,046
EURDKK
Euro / Danish Krone
-1,382 -2,474
EURGBP
Euro / British Pound
-0,734 -0,006
EURHKD
Euro / Hong Kong Dollar
-8,090 1,037
EURHUF
Euro / Hungarian Forint
-1,436 -0,321
EURJPY
Euro / Japanese Yen
-0,399 -0,264
EURMXN
Euro / Mexican Peso
-8,684 1,259
EURNOK
Euro / Norwegian Krone
-6,480 0,527
EURNZD
Euro / New Zealand Dollar
-1,647 0,430
EURPLN
Euro / Polish Zloty
-3,890 0,949
EURSEK
Euro / Swedish Krona
-3,416 -1,947
EURSGD
Euro / Singapore Dollar
-1,803 0,330
EURTRY
Euro / Turkish Lira
-105,680 2,183
EURUSD
Euro / US Dollar
-1,439 0,502
EURZAR
Euro / South African Rand
-52,106 6,560
GBPAUD
Pound / Australian Dollar
-1,078 -0,376
GBPCAD
Pound / Canadian Dollar
-1,258 -0,135
GBPCHF
Pound / Swiss Franc
0,099 -1,235
GBPDKK
Pound / Danish Krone
0,304 -7,620
GBPHKD
Pound / Hong Kong Dollar
-6,665 -1,707
GBPJPY
Pound / Japanese Yen
-0,116 -1,079
GBPNOK
Pound / Norwegian Krone
-5,334 -3,566
GBPNZD
Pound / New Zealand Dollar
-1,382 -0,258
GBPSEK
Pound / Swedish Krona
-0,784 -8,938
GBPSGD
Pound / Singapore Dollar
-1,334 -0,072
GBPUSD
Pound / US Dollar
-1,302 0,143
GBPZAR
Pound / South African Rand
-51,440 4,223
NZDCAD
New Zealand Dollar / Canadian Dollar
-0,252 -0,191
NZDCHF
New Zealand Dollar / Swiss Franc
0,221 -0,733
NZDJPY
New Zealand Dollar / Japanese Yen
0,157 -0,650
NZDUSD
New Zealand Dollar / US Dollar
-0,466 -0,044
USDCAD
US Dollar / Canadian Dollar
0,007 -0,774
USDCHF
US Dollar / Swiss Franc
0,524 -1,413
USDCZK
US Dollar / Czech Koruna
-0,038 -0,164
USDDKK
US Dollar / Danish Krone
3,236 -9,002
USDHKD
US Dollar / Hong Kong Dollar
0,456 -4,830
USDHUF
US Dollar / Hungarian Forint
0,981 -3,203
USDILS
US Dollar / Israeli New Shekel
1,297 -4,091
USDJPY
US Dollar / Japanese Yen
0,376 -1,440
USDMXN
US Dollar / Mexico Peso
-57,008 5,023
USDNOK
US Dollar / Norwegian Krone
1,429 -6,744
USDPLN
US Dollar / Polish Zloty
0,248 -2,424
USDSEK
US Dollar / Swedish Krona
1,484 -11,378
USDSGD
US Dollar / Singapore Dollar
-0,197 -0,880
USDTRY
US Dollar / Turkish Lira
-88,473 1,689
USDZAR
US Dollar / South African Rand
-31,410 2,421
XAGUSD
Silver / US Dollar
-0,210 0,042
XAUEUR
Gold / Euro
-3,322 -5,886
XAUUSD
Gold / US Dollar
-17,298 1,086
BTCUSD
Bitcoin / US Dollar
-14,806 -13,4441
ETHUSD
Ethereum / US Dollar
-0,4650 -0,4212
LTCUSD
Litecoin / US Dollar
-0,2147 -0,1949
XRPUSD
Ripple / US Dollar
-7,8568 -7,1355
 

The swap value for BTCUSD, ETHUSD, LTCUSD and XRPUSD is specified in USD instead of pips

Margin Call rules

Margin Call level: Warning at 30% for Mini and Micro Cent accounts, 40% for Beginner and ECN Interbank accounts, 60% for ECN Cent accounts, 80% for ECN Copytrade accounts, 100% for ECN Plus accounts and 100% for Zero Spread accounts.

Margin Call levels may be changed with prior notification if there is a necessity to do it.
Margin Call level is displayed as a percentage as follows: MC = Equity / Margin * 100%
Margin Call occurs when the account's equity reaches the Margin Call level (the percentage of margin requirements).

If the current level of margin is below Margin Call level, the account will receive an alert.

Stop Out level: Positions closed at 10% for Mini and Micro Cent accounts, 20% for Beginner and ECN Interbank, 40% for ECN Cent accounts, 60% for ECN Copytrade accounts, 70% for ECN Plus accounts and 70% for Zero Spread accounts.

If the margin level becomes lower than Stop Out level, some unprofitable positions will be closed in order to restore the necessary margin level.

MC/SO levels may be changed on Fridays at 21:00 (Server time) to the following:

 
Zero Spread
Beginner
Mini
Micro Cent
ECN Cent
ECN Interbank
ECN Plus
ECN Copytrade
Margin Call 100% 100% 70% 70% 100% 100% 100% 80%
Stop Out 90% 70% 40% 40% 70% 70% 70% 60%

MC/SO levels usually switch back to their regular values on Mondays between 01:15 and 01:30 (Server time)

Notice: During high volatility on the market regular values of the Margin Call/Stop Out levels may be changed without any prior warning. The best way to prevent such unexpected situations is to inject additional equity to a trading account, in order to overcome any unpredictable market movements.