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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.
Market hours for Start account:
Forex Quotes
Forex Trade
Metals Quotes
Metals Trade
00:00 - 24:00 00:05 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 24:00 00:00 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 24:00 00:00 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 24:00 00:00 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 23:00 00:00 - 23:00 01:00 - 23:00 01:01 - 23:00
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 - 23:55 01:00 - 23:55 00:00 - 23:55 00:05 - 23:55
 
 
 
Quotes Hours
Market 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
Live Contest Account (LCA) market hours:
Forex Quotes
Forex Trade
Metals Quotes
Metals Trade
00:00 - 24:00 00:05 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 24:00 00:00 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 24:00 00:00 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 24:00 00:00 - 24:00 01:00 - 23:00 01:01 - 23:00
00:00 - 23:00 00:00 - 23:00 01:00 - 23:00 01:01 - 23:00
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 32 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.
  • Account ECN Pro is the only type of accounts which can accommodate any types of strategies. FXCL reserves the right to switch any account to ECN Pro 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 Start (from) Interbank Cent (from) Interbank Standard (from) ECN Pro (from) Live Contest (from)
AUDCAD*
Australian Dollar / Canadian Dollar
4 4 3.0 2.1 2.1 0.7 3.0
AUDCHF*
Australian Dollar / Swiss Franc
4 4 3.1 2.2 2.2 0.6 3.1
AUDJPY
Australian Dollar / Japanese Yen
3 3 2.1 1.6 1.6 0.7 2.1
AUDNZD*
Australian Dollar / New Zealand Dollar
5 5 3.1 2.7 2.7 0.8 3.1
AUDUSD*
Australian Dollar / US Dollar
2 2 2.4 2.1 2.1 0.3 2.4
CADCHF*
Canadian Dollar / Swiss Franc
4 4   2.1 2.1 1.2  
CADJPY*
Canadian Dollar / Japanese Yen
3 3 2.4 2.0 2.0 0.7 2.4
CHFJPY
Swiss Franc / Japanese Yen
3 3 2.6 2.1 2.1 0.9 2.6
EURAUD
Euro / Australian Dollar
4 4 3.3 2.6 2.6 0.5 3.3
EURCAD*
Euro / Canadian Dollar
5 5 3.6 2.8 2.8 0.8 3.6
EURCHF*
Euro / Swiss Franc
3 3 2.3 2.1 2.1 0.4 2.3
EURGBP*
Euro / British Pound
3 3 2.5 2.0 2.0 0.4 2.5
EURHKD
Euro / Hong Kong Dollar
          21.8  
EURHUF
Euro / Hungarian Forint
          17.2  
EURJPY*
Euro / Japanese Yen
3 3 2.1 1.9 1.9 0.2 2.1
EURNOK
Euro / Norwegian Krone
          24.5  
EURNZD
Euro / New Zealand Dollar
          2  
EURPLN
Euro / Polish Zloty
20 20     15.0 12.8  
EURSEK
Euro / Swedish Krona
          33.6  
EURUSD*
Euro / US Dollar
1 1 1.6 1.1 1.1 0.1 1.6
GBPAUD
Pound / Australian Dollar
4 4 3.0 2.4 2.4 1.5 3.0
GBPCAD
Pound / Canadian Dollar
5 5 4.1 3.3 3.3 1.3 4.1
GBPCHF
Pound / Swiss Franc
5 5 3.8 3.1 3.1 1.1 3.8
GBPJPY
Pound / Japanese Yen
4 4 4.0 3.1 3.1 0.6 4.0
GBPNOK
Pound / Norwegian Krone
        50.0 28  
GBPNZD
Pound / New Zealand Dollar
6 6 6.0 5.3 5.3 2.2 6.0
GBPSEK
Pound / Swedish Krona
        55.0 23  
GBPUSD*
Pound / US Dollar
2 2 2.0 1.8 1.8 0.4 2.0
NZDCAD*
New Zealand Dollar / Canadian Dollar
4 4 3.4 2.8 2.8 1.5 3.4
NZDCHF*
New Zealand Dollar / Swiss Franc
5 5 3.6 3.0 3.0 0.6 3.6
NZDJPY
New Zealand Dollar / Japanese Yen
4 4 2.6 2.2 2.2 1.1 2.6
NZDUSD*
New Zealand Dollar / US Dollar
3 3 2.4 2.1 2.1 0.6 2.4
USDCAD*
US Dollar / Canadian Dollar
2 2 2.1 1.6 1.6 0.6 2.1
USDCHF*
US Dollar / Swiss Franc
2 2 2.3 1.8 1.8 0.6 2.3
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 2.1 1.6 1.6 0.4 2.1
USDMXN
US Dollar / Mexico Peso
        65.8    
USDNOK
US Dollar / Norwegian Krone
      30.2 30.2 25  
USDPLN
US Dollar / Polish Zloty
15 15   15.0 15.0 9  
USDSEK
US Dollar / Swedish Krona
        33.0 10.2  
USDZAR
US Dollar / South African Rand
          63.4  
XAGUSD
Silver / US Dollar
3 3 3.3 2.6 2.6 1.9 3.3
XAUEUR
Gold / Euro
50 50 70 60 60 55 70
XAUUSD
Gold / US Dollar
35 35 50 30.0 30.0 14 50
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
-0,402-0,028
AUDCHF
Australian Dollar / Swiss Franc
0,208-0,588
AUDJPY
Australian Dollar / Japanese Yen
0,281-0,720
AUDNZD
Australian Dollar / New Zealand Dollar
-0,413-0,084
AUDUSD
Australian Dollar / US Dollar
-0,456-0,196
CADCHF
Canadian Dollar / Swiss Franc
0,353-0,795
CADJPY
Canadian Dollar / Japanese Yen
0,483-1,001
CHFJPY
Swiss Franc / Japanese Yen
-0,351-0,152
EURAUD
Euro / Australian Dollar
-1,1570,358
EURCAD
Euro / Canadian Dollar
-1,3350,523
EURCHF
Euro / Swiss Franc
-0,222-0,388
EURGBP
Euro / British Pound
-0,7740,096
EURHKD
Euro / Hong Kong Dollar
-6,5761,888
EURHUF
Euro / Hungarian Forint
-12,9888,804
EURJPY
Euro / Japanese Yen
-0,258-0,419
EURNOK
Euro / Norwegian Krone
-5,8231,187
EURNZD
Euro / New Zealand Dollar
-1,5280,593
EURPLN
Euro / Polish Zloty
-11,4137,419
EURSEK
Euro / Swedish Krona
-4,416-0,258
EURUSD
Euro / US Dollar
-1,0060,279
GBPAUD
British Pound / Australian Dollar
-0,799-0,595
GBPCAD
British Pound / Canadian Dollar
-0,963-0,249
GBPCHF
British Pound / Swiss Franc
0,119-1,258
GBPJPY
British Pound / Japanese Yen
0,290-1,513
GBPNOK
British Pound / Norwegian Krone
-6,528-1,166
GBPNZD
British Pound / New Zealand Dollar
-1,038-0,373
GBPSEK
British Pound / Swedish Krona
-0,483-7,896
GBPUSD
British Pound / US Dollar
-0,715-0,212
NZDCAD
New Zealand Dollar / Canadian Dollar
-0,241-0,147
NZDCHF
New Zealand Dollar / Swiss Franc
0,258-0,625
NZDJPY
New Zealand Dollar / Japanese Yen
0,353-0,778
NZDUSD
New Zealand Dollar / US Dollar
-0,243-0,200
USDCAD
US Dollar / Canadian Dollar
-0,368-0,302
USDCHF
US Dollar / Swiss Franc
0,404-1,051
USDHKD
US Dollar / Hong Kong Dollar
-0,448-3,214
USDHUF
US Dollar / Hungarian Forint
-9,7766,425
USDILS
US Dollar / Israeli New Shekel
-0,052-1,653
USDJPY
US Dollar / Japanese Yen
0,392-1,558
USDMXN
US Dollar / Mexican Peso
-42,37118,198
USDNOK
US Dollar / Norwegian Krone
-1,359-2,345
USDPLN
US Dollar / Polish Zloty
-7,7264,710
USDSEK
US Dollar / Swedish Krona
2,763-7,541
USDZAR
US Dollar / South African Rand
-25,7798,231
XAGUSD
Silver / US Dollar
-0,1830,040
XAUEUR
Gold / Euro
-4,278-3,410
XAUUSD
Gold / US Dollar
-18,4587,498
BTCUSD
Bitcoin / US Dollar
-15,077-12,089
ETHUSD
Ethereum / US Dollar
-1,203-0,964
LTCUSD
Litecoin / US Dollar
-0,004-0,003
AUS200
SP/ASX Index of Australian Listed Shares
78,000-232,323
CRUDEOIL
US Crude (Spot contract)
7,576-11,266
FCHI
France40
-59,164-62,698
GDAXI
Germany30
-123,494-130,871
J225
Japan 225
-271,473-274,019
NDX
US TECH 100
-133,915-117,541
NGAS
Natural Gas Futures
-28,0009,680
SPXm
US SPX 500 mini
1,162-9,457
STOXX50E
Europe 50
-34,040-36,073
UK100
UK 100
1558,196-2123,453
UKOIL
Crude Oil (Brent)
114,173-162,873
WS30
Wall Street 30
662,216-1477,628
 

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: 2022-08-18 23:00:14

Margin Call rules

Margin Call level: Warning at 30% for Standard and Cent accounts, 40% for Interbank Standard accounts, 60% for Interbank Cent accounts, 70% for Start and 100% for ECN Pro accounts, and 70% for Live Contest Account.

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, 50% for Start accounts, and 80% for ECN Pro account, and 50% for Live Contest 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
Start
Interbank Cent
Interbank Standard
ECN Pro
Live Contest
Margin Call 70% 70% 100% 100% 70% 100% 100%
Stop Out 40% 40% 80% 70% 40% 80% 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.