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

The spread value for Mini, Micro Cent 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
-0,464 0,016
AUDCHF
Australian Dollar / Swiss Franc
0,122 -0,485
AUDJPY
Australian Dollar / Japanese Yen
0,008 -0,376
AUDNZD
Australian Dollar / New Zealand Dollar
-0,280 -0,230
AUDUSD
Australian Dollar / US Dollar
-0,511 -0,139
CADCHF
Canadian Dollar / Swiss Franc
0,300 -0,730
CADJPY
Canadian Dollar / Japanese Yen
0,189 -0,628
CHFJPY
Swiss Franc / Japanese Yen
-0,496 -0,008
EURAUD
Euro / Australian Dollar
-0,973 0,217
EURCAD
Euro / Canadian Dollar
-1,298 0,499
EURCHF
Euro / Swiss Franc
-0,157 -0,353
EURGBP
Euro / British Pound
-0,648 -0,001
EURHKD
Euro / Hong Kong Dollar
-7,203 2,296
EURHUF
Euro / Hungarian Forint
-1,245 -0,291
EURJPY
Euro / Japanese Yen
-0,440 -0,129
EURNOK
Euro / Norwegian Krone
-8,220 3,150
EURNZD
Euro / New Zealand Dollar
-1,088 0,246
EURPLN
Euro / Polish Zloty
-3,865 1,468
EURSEK
Euro / Swedish Krona
-3,074 -1,481
EURTRY
Euro / Turkish Lira
-28,824 17,394
EURUSD
Euro / US Dollar
-0,982 0,371
GBPAUD
Pound / Australian Dollar
-0,648 -0,623
GBPCAD
Pound / Canadian Dollar
-1,080 -0,123
GBPCHF
Pound / Swiss Franc
0,110 -1,065
GBPJPY
Pound / Japanese Yen
-0,166 -0,866
GBPNOK
Pound / Norwegian Krone
-6,528 -1,166
GBPNZD
Pound / New Zealand Dollar
-0,769 -0,645
GBPSEK
Pound / Swedish Krona
-0,483 -7,896
GBPUSD
Pound / US Dollar
-0,822 -0,100
NZDCAD
New Zealand Dollar / Canadian Dollar
-0,410 0,015
NZDCHF
New Zealand Dollar / Swiss Franc
0,134 -0,472
NZDJPY
New Zealand Dollar / Japanese Yen
0,026 -0,371
NZDUSD
New Zealand Dollar / US Dollar
-0,381 -0,064
USDCAD
US Dollar / Canadian Dollar
-0,336 -0,333
USDCHF
US Dollar / Swiss Franc
0,407 -0,963
USDHUF
US Dollar / Hungarian Forint
0,828 -2,223
USDILS
US Dollar / Israeli New Shekel
0,553 -2,438
USDJPY
US Dollar / Japanese Yen
0,180 -0,920
USDMXN
US Dollar / Mexico Peso
-42,371 18,198
USDNOK
US Dollar / Norwegian Krone
-1,359 -2,345
USDPLN
US Dollar / Polish Zloty
-0,927 -0,839
USDSEK
US Dollar / Swedish Krona
2,763 -7,541
XAGUSD
Silver / US Dollar
-0,166 0,033
XAUEUR
Gold / Euro
-2,839 -5,202
XAUUSD
Gold / US Dollar
-12,168 3,001
 

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

The swap value in pips is specified for 4 digit quotes. For 5 digit quotes - multiply the value by 10.

Margin Call rules

Margin Call level: Warning at 30% for Mini and Micro Cent accounts, 40% for 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 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:

 
Mini
Micro Cent
ECN Cent
ECN Interbank
ECN Plus
ECN Copytrade
Margin Call 70% 70% 100% 100% 100% 80%
Stop Out 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.