|Market hours:||Hedging policy:||Trading platform:|
|Mon 00:05 (GMT +2) to Fri 23:00 (GMT+2)||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 GMT +2.
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.
|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 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**, 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, EURSGD, GBPNOK, GBPSEK, SGDJPY, USDMXN, USDNOK, USDSEK, USDSGD) 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 mentioned maintenance time between the sessions. Adjust your trading strategy accordingly.
|Mini||Micro Cent||Beginner||ECN Light||ECN Interbank||ECN Plus|
|Account currency||USD, EUR||US cent, EU cent||USD||US cent||USD||USD|
|Margin Call level||30%||30%||40%||60%||40%||100%|
|Stop Out level||10%||10%||20%||40%||20%||70%|
|Swap interest||Swap-free available**||Swap-free available**||Swap-free available**||Swap-free available**||Market (for the full swap rates list click here)
|Market (for the full swap rates list click here)
For full spread list
For full spread list
|Fixed, 4-digit price feed.
For full spread list
|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|
|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***||Grid/Martingale, Pipsing, Spam-type EAs are not allowed. Most other EA types are allowed.||All EAs are allowed.|
|Non-qualified trades****||Non-qualified trades are fully prohibited||Non-aggressive usage is allowed|
|Minimum deposit||Starting from $1|
|Market hours||Mon 00:00 (GMT +2) to Fri 23:00 (GMT+2)|
|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|
* You can continue growing the balance of your account beyond this limit through profitable trades.
**Swap-free accounts - accounts which are reconcilable with Sharia laws for Muslim traders
*** 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.
**** 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.
|Instrument||Beginner||Mini||Micro||ECN Light (from)||ECN Plus (from)||ECN Interbank (from)|
Australian Dollar / Canadian Dollar
Australian Dollar / Swiss Franc
Australian Dollar / Japanese Yen
Australian Dollar / New Zealand Dollar
Australian Dollar / US Dollar
Canadian Dollar / Swiss Franc
Canadian Dollar / Japanese Yen
Swiss Franc / Japanese Yen
Euro / Australian Dollar
Euro / Canadian Dollar
Euro / Swiss Franc
Euro / British Pound
Euro / Japanese Yen
Euro / Polish Zloty
Euro / Singapore Dollar
Euro / US Dollar
Pound / Canadian Dollar
Pound / Swiss Franc
Pound / Japanese Yen
Pound / Norwegian Krone
Pound / New Zealand Dollar
Pound / Swedish Krona
Pound / US Dollar
New Zealand Dollar / Canadian Dollar
New Zealand Dollar / Swiss Franc
New Zealand Dollar / Japanese Yen
New Zealand Dollar / US Dollar
Singapore Dollar / Japanese Yen
US Dollar / Canadian Dollar
US Dollar / Swiss Franc
US Dollar / Japanese Yen
US Dollar / Mexico Peso
US Dollar / Norwegian Krone
US Dollar / Polish Zloty
US Dollar / Swedish Krona
US Dollar / Singapore Dollar
US Dollar / South African Rand
Silver / US Dollar
Gold / US Dollar
Margin Call level: Warning at 30% for Mini and Micro Cent accounts, 40% for Beginner and ECN Interbank accounts, 60% for ECN Light accounts and 100% for ECN Plus 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 Light accounts and 70% for ECN Plus accounts.
If the margin level reaches a point lower than Stop Out level, the most unprofitable position will be closed on account quoted automatically. As for those positions quoted by a dealer, a request will be sent to the latter one to close the most unprofitable position (but dealer can close any other client’s position at the dealer's discretion).
MC/SO levels may be changed on Fridays at 21:00 (Server time) to the following:
MC/SO levels switch back to their regular values on Mondays between 01:15 and 01:30 (Server time)