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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: Margin Call:
All orders will be honored under normal market conditions. 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:
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.
ECN Pro market hours:
Forex Quotes
Forex Trade
Metals Quotes
Metals Trade
Crypto Quotes
Crypto Trade
00:00 - 24:00 00:05 - 24:00 01:00 - 24:00 01:05 - 24:00 00:00 - 24:00 00:05 - 24:00
00:00 - 24:00 00:05 - 24:00 01:00 - 24:00 01:05 - 24:00 00:00 - 24:00 00:05 - 24:00
00:00 - 24:00 00:05 - 24:00 01:00 - 24:00 01:05 - 24:00 00:00 - 24:00 00:05 - 24:00
00:00 - 24:00 00:05 - 24:00 01:00 - 24:00 01:05 - 24:00 00:00 - 24:00 00:05 - 24:00
00:00 - 23:55 00:05 - 23:55 01:00 - 24:00 01:05 - 24:00 00:00 - 23:55 00:05 - 23:55
 
 
 
Quotes Hours
Trades Hours
On Friday close early
AUS200.c SP/ASX Index of Australian 01:50-08:30; 09:10-23:00 01:51-08:30; 09:11-23:00 23:00
CRUDEOIL.c US Grude (Spot contract) 01:00-24:00 01:00-24:00 23:55
FCHI.c France40 10:00-24:00 10:05-24:00 23:55
GDAXI.c Germany30 01:05-24:00 01:10-24:00 23:55
J225.c Japan 225 01:00-24:00 01:00-24:00 23:55
NDX.c US TECH 100 01:00-23:15, 23:30-24:00 01:00-23:15, 23:30-24:00 23:55
NGAS.c Natural Gas Futures 01:00-23:00 01:00-23:00 23:00
SPXm.c US SPX 500 mini 01:00-23:15, 23:30-24:00 01:00-23:15, 23:30-24:00 23:55
STOXX50E.c Europe 50 10:00-24:00 10:05-24:00 23:55
UK100.c UK 100 01:05-24:00 01:06-24:00 23:55
UKOIL.c Crude Oil (brent) 03:00-01:00 03:00-01:00 23:55
WS30.c Wall Street 30 01:00-23:15, 23:30-24:00 01:00-23:15, 23:30-24:00 23:55
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 symbols with zero spread on the Standard 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).
  • Server Time is set to GMT+3 in summer and GMT+2 in winter.

Account comparison

  Standard Cent Beginner Interbank Cent Interbank Standard 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) 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 No 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 Standard Cent Interbank Cent (from) Interbank Standard (from) ECN Plus (from) ECN Pro (from)
AUDCAD*
Australian Dollar / Canadian Dollar
7 7 3.1 3.1 3.1 0.7
AUDCHF*
Australian Dollar / Swiss Franc
7 7 3.4 3.4 3.4 0.6
AUDJPY
Australian Dollar / Japanese Yen
5 5 2.1 2.1 2.1 0.7
AUDNZD*
Australian Dollar / New Zealand Dollar
10 10 4.1 4.1 4.1 0.8
AUDUSD*
Australian Dollar / US Dollar
3 3 2.7 2.7 2.7 0.3
CADCHF*
Canadian Dollar / Swiss Franc
7 7   2.4 2.2 1.2
CADJPY*
Canadian Dollar / Japanese Yen
4 4 2.1 2.1 2.1 0.7
CHFJPY
Swiss Franc / Japanese Yen
4 4 3.0 3.0 3.0 0.9
EURAUD
Euro / Australian Dollar
9 9 4.2 4.2 4.2 0.5
EURCAD*
Euro / Canadian Dollar
9 9 4.2 4.2 4.2 0.8
EURCHF*
Euro / Swiss Franc
3 3 2.3 2.3 2.3 0.4
EURCZK
Euro / Czech Koruna
          1.4
EURDKK
Euro / Danish Krone
          17
EURGBP*
Euro / British Pound
4 4 3.1 3.1 3.1 0.4
EURHKD
Euro / Hong Kong Dollar
          21.8
EURHUF
Euro / Hungarian Forint
          17.2
EURJPY*
Euro / Japanese Yen
3 3 2.4 2.4 2.4 0.2
EURMXN
Euro / Mexican Peso
          9.1
EURNOK
Euro / Norwegian Krone
          24.5
EURNZD
Euro / New Zealand Dollar
          2
EURPLN
Euro / Polish Zloty
35 35   35.0   12.8

 

EURSEK
Euro / Swedish Krona
          33.6
EURSGD
Euro / Singapore Dollar
          1.2
EURUSD*
Euro / US Dollar
1 1 1.1 1.1 1.1 0.1
GBPAUD
Pound / Australian Dollar
4 4 3.0 3.0 3.0 1.5
GBPCAD
Pound / Canadian Dollar
10 10 4.5 4.5 4.5 1.3
GBPCHF
Pound / Swiss Franc
7 7 4.0 4.0 4.0 1.1
GBPDKK
Pound / Danish Krone
          31
GBPHKD
Pound / Hong Kong Dollar
          30
GBPJPY
Pound / Japanese Yen
4 4 4.0 4.0 4.0 0.6
GBPNOK
Pound / Norwegian Krone
      50.0   28
GBPNZD
Pound / New Zealand Dollar
12 12 6.0 6.0 6.0 2.2
GBPSEK
Pound / Swedish Krona
      55.0   23
GBPSGD
Pound / Singapore Dollar
          2.1
GBPUSD*
Pound / US Dollar
2 2 2.2 2.2 2.2 0.4
GBPZAR
Pound / South African Rand
          71.6
NZDCAD*
New Zealand Dollar / Canadian Dollar
7 7   3.6   1.5
NZDCHF*
New Zealand Dollar / Swiss Franc
9 9   4.0   0.6
NZDJPY
New Zealand Dollar / Japanese Yen
5 5   3.1   1.1
NZDUSD*
New Zealand Dollar / US Dollar
4 4 3.0 3.0 3.0 0.6
USDCAD*
US Dollar / Canadian Dollar
3 3 2.5 2.5 2.5 0.6
USDCHF*
US Dollar / Swiss Franc
2 2 2.0 2.0 2.0 0.6
USDCZK
US Dollar / Czech Koruna
          0.9
USDDKK
US Dollar / Danish Krone
          15.1
USDHKD
US Dollar / Hong Kong Dollar
          15.4
USDHUF
US Dollar / Hungarian Forint
          17.2
USDILS
US Dollar / Israeli Shekel
          17
USDJPY*
US Dollar / Japanese Yen
2 2 1.9 1.9 1.9 0.4
USDMXN
US Dollar / Mexico Peso
      65.8   81
USDNOK
US Dollar / Norwegian Krone
      35.3   25
USDPLN
US Dollar / Polish Zloty
25 25   25.0   9
USDSEK
US Dollar / Swedish Krona
      33.0   10.2
USDSGD
US Dollar / Singapore Dollar
          0.7
USDTRY
US Dollar / Turkish Lira
          16.6
USDZAR
US Dollar / South African Rand
          63.4
XAGUSD
Silver / US Dollar
4 4 3.5 3.5 3.5 1.9
XAUEUR
Gold / Euro
75 75 60 60 60 55
XAUUSD
Gold / US Dollar
45 45 40.0 40.0 40.0 14
BTCUSD
Bitcoin / US Dollar
          496
ETHUSD
Ethereum / US Dollar
          75
LTCUSD
Litecoin / US Dollar
         

95

AUS200 SP
ASX Index of Australian Listed Shares
          430
CRUDEOIL
US Crude (Spot contract)
          5
FCHI
France40
          130
GDAXI
Germany30
          90
J225
Japan 225
          830
NDX
US TECH 100
          230
NGAS
Natural Gas Futures
          130
SPXm
US SPX 500 mini
          8
STOXX50E
Europe 50
          190
UK100
UK 100
          130
UKOIL
Crude Oil (Brent)
          60
WS30
Wall Street 30
          230
 

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

* Available for trade with zero spread (with the suffix "#", like a EURUSD#, etc.) on Standard type account.

SWAP rates

Currency Pair Long Short
AUDCAD
Australian Dollar / Canadian Dollar
-0,357-0,069
AUDCHF
Australian Dollar / Swiss Franc
-0,072-0,260
AUDJPY
Australian Dollar / Japanese Yen
-0,218-0,144
AUDNZD
Australian Dollar / New Zealand Dollar
-0,379-0,114
AUDUSD
Australian Dollar / US Dollar
-0,451-0,199
CADCHF
Canadian Dollar / Swiss Franc
0,019-0,368
CADJPY
Canadian Dollar / Japanese Yen
-0,109-0,272
CHFJPY
Swiss Franc / Japanese Yen
-0,460-0,041
EURAUD
Euro / Australian Dollar
-0,447-0,261
EURCAD
Euro / Canadian Dollar
-0,6730,005
EURCHF
Euro / Swiss Franc
-0,169-0,337
EURGBP
Euro / British Pound
-0,483-0,167
EURHKD
Euro / Hong Kong Dollar
-3,810-0,192
EURHUF
Euro / Hungarian Forint
-1,7330,209
EURJPY
Euro / Japanese Yen
-0,424-0,142
EURNOK
Euro / Norwegian Krone
-3,930-0,357
EURNZD
Euro / New Zealand Dollar
-0,700-0,075
EURPLN
Euro / Polish Zloty
-1,776-0,157
EURSEK
Euro / Swedish Krona
-3,438-1,257
EURUSD
Euro / US Dollar
-0,541-0,022
GBPAUD
British Pound / Australian Dollar
-0,432-0,850
GBPCAD
British Pound / Canadian Dollar
-0,654-0,558
GBPCHF
British Pound / Swiss Franc
-0,156-0,767
GBPJPY
British Pound / Japanese Yen
-0,418-0,612
GBPNOK
British Pound / Norwegian Krone
-6,528-1,166
GBPNZD
British Pound / New Zealand Dollar
-0,731-0,688
GBPSEK
British Pound / Swedish Krona
-0,483-7,896
GBPUSD
British Pound / US Dollar
-0,540-0,385
NZDCAD
New Zealand Dollar / Canadian Dollar
-0,209-0,179
NZDCHF
New Zealand Dollar / Swiss Franc
0,008-0,315
NZDJPY
New Zealand Dollar / Japanese Yen
-0,108-0,222
NZDUSD
New Zealand Dollar / US Dollar
-0,264-0,179
USDCAD
US Dollar / Canadian Dollar
-0,295-0,367
USDCHF
US Dollar / Swiss Franc
0,044-0,504
USDHKD
US Dollar / Hong Kong Dollar
-1,635-1,926
USDHUF
US Dollar / Hungarian Forint
-0,768-0,511
USDILS
US Dollar / Israeli New Shekel
-0,701-0,970
USDJPY
US Dollar / Japanese Yen
-0,215-0,470
USDMXN
US Dollar / Mexican Peso
-42,37118,198
USDNOK
US Dollar / Norwegian Krone
-1,359-2,345
USDPLN
US Dollar / Polish Zloty
-0,659-1,051
USDSEK
US Dollar / Swedish Krona
2,763-7,541
USDZAR
US Dollar / South African Rand
-28,91510,800
XAGUSD
Silver / US Dollar
-0,076-0,042
XAUEUR
Gold / Euro
-1,363-6,378
XAUUSD
Gold / US Dollar
-5,354-3,114
BTCUSD
Bitcoin / US Dollar
-30,233-30,053
ETHUSD
Ethereum / US Dollar
-0,944-0,939
LTCUSD
Litecoin / US Dollar
-0,014-0,013
AUS200
SP/ASX Index of Australian Listed Shares
-57,254-66,583
CRUDEOIL
US Crude (Spot contract)
-1,3320,447
FCHI
France40
63,063-184,967
GDAXI
Germany30
-99,872-148,375
J225
Japan 225
-239,816-259,541
NDX
US TECH 100
-121,141-112,429
NGAS
Natural Gas Futures
-28,0009,680
SPXm
US SPX 500 mini
-3,602-3,290
STOXX50E
Europe 50
-26,579-39,487
UK100
UK 100
-61,836-60,435
UKOIL
Crude Oil (Brent)
-17,5587,446
WS30
Wall Street 30
-295,769-267,109
 

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

For forex symbols and metals, The swap value in pips is specified for 4 digit quotes. For 5 digit quotes - multiply the value by 10.

Server Time: 2020-12-05 23:00:04

Margin Call rules

Margin Call level: Warning at 30% for Standard and Cent accounts, 40% for Interbank Standard accounts, 60% for Interbank Cent accounts, 100% for ECN Plus and ECN Pro 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 Standard and Cent accounts, 20% for Interbank Standard, 40% for Interbank Cent accounts, 70% for ECN Plus accounts, 80% for ECN Pro account.

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:

 
Standard
Cent
Interbank Cent
Interbank Standard
ECN Plus
ECN Pro
Margin Call 70% 70% 100% 70% 100% 100%
Stop Out 40% 40% 70% 40% 70% 80%

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.