Trading terms

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General Trading Terms

Market hours Mon 00:05 (Server Time) to Fri 23:00 (Server Time)
Hedging policy Hedging is allowed except hedging between swap and swap-free accounts
Trading platform MetaTrader 4
Execution policy All orders will be honored under normal market conditions.
Margin Call Margin Call protects you from losing more money than you have on your account. You can find FXCL 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 FXCL Markets does not charge any payment processing fees.
Swap schedule 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 .
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 01:05 - 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 00:50-07:30; 08:10-22:00 00:56-07:30; 08:15-21:59 21:59
CRUDEOIL.c US Crude (Spot contract) 01:00-24:00 01:00-24:00 23:55
FCHI.c France 40 09:00-23:00 09:06-23:00 22:55
GDAXI.c Germany 30 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 01:00-24:00 01:05-24:00 23:55
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 09:00-23:00 09:06-23:00 22:55
UK100.c UK 100 01:00-24:00 01:05-24:00 23:55
UKOIL.c * Crude Oil (brent) 03:00-24:00 03:05-24:00 22:55
WS30.c Wall Street 30 01:00-23:15; 23:30-24:00 01:00-23:15; 23:30-24:00 23:55
* On Mondays, it starts at 01:00
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 )
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
 

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
- - - - - 295 -
ETHUSD
Ethereum / US Dollar
- - - - - 75 -
LTCUSD
Litecoin / US Dollar
- - - - - 85 -
AUS200 SP
ASX Index of Australian Listed Shares
- - - - - 140 -
CRUDEOIL
US Crude (Spot contract)
- - - - - 3 -
FCHI
France40
- - - - - 130 -
GDAXI
Germany30
- - - - - 90 -
J225
Japan 225
- - - - - 650 -
NDX
US TECH 100
- - - - - 200 -
NGAS
Natural Gas Futures
- - - - - 130 -
SPXm
US SPX 500 mini
- - - - - 3 -
STOXX50E
Europe 50
- - - - - 130
UK100
UK 100
- - - - - 130 -
UKOIL
Crude Oil (Brent)
- - - - - 50 -
WS30
Wall Street 30
- - - - - 140 -

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
-0,214-0,245
AUDCHF
Australian Dollar / Swiss Franc
0,270-0,821
AUDJPY
Australian Dollar / Japanese Yen
0,788-1,571
AUDNZD
Australian Dollar / New Zealand Dollar
-0,5520,015
AUDUSD
Australian Dollar / US Dollar
-0,668-0,226
CADCHF
Canadian Dollar / Swiss Franc
0,294-0,881
CADJPY
Canadian Dollar / Japanese Yen
0,858-1,697
CHFJPY
Swiss Franc / Japanese Yen
0,157-0,890
EURAUD
Euro / Australian Dollar
-0,736-0,018
EURCAD
Euro / Canadian Dollar
-0,658-0,059
EURCHF
Euro / Swiss Franc
0,272-1,189
EURGBP
Euro / British Pound
-0,678-0,018
EURHKD
Euro / Hong Kong Dollar
-1,352-3,025
EURHUF
Euro / Hungarian Forint
-4,4711,942
EURJPY
Euro / Japanese Yen
1,072-2,333
EURNOK
Euro / Norwegian Krone
-5,1220,353
EURNZD
Euro / New Zealand Dollar
-1,2900,301
EURPLN
Euro / Polish Zloty
-3,7921,140
EURSEK
Euro / Swedish Krona
-1,156-3,860
EURUSD
Euro / US Dollar
-1,0090,135
GBPAUD
British Pound / Australian Dollar
-0,468-1,025
GBPCAD
British Pound / Canadian Dollar
-0,310-0,988
GBPCHF
British Pound / Swiss Franc
0,450-2,096
GBPJPY
British Pound / Japanese Yen
1,638-3,684
GBPNOK
British Pound / Norwegian Krone
-2,078-6,335
GBPNZD
British Pound / New Zealand Dollar
-0,959-0,559
GBPSEK
British Pound / Swedish Krona
1,558-11,456
GBPUSD
British Pound / US Dollar
-0,701-0,290
NZDCAD
New Zealand Dollar / Canadian Dollar
0,014-0,434
NZDCHF
New Zealand Dollar / Swiss Franc
0,342-0,895
NZDJPY
New Zealand Dollar / Japanese Yen
0,883-1,684
NZDUSD
New Zealand Dollar / US Dollar
-0,281-0,194
USDCAD
US Dollar / Canadian Dollar
0,010-0,911
USDCHF
US Dollar / Swiss Franc
0,562-1,532
USDHKD
US Dollar / Hong Kong Dollar
2,085-6,948
USDHUF
US Dollar / Hungarian Forint
-2,1070,473
USDILS
US Dollar / Israeli New Shekel
0,261-2,161
USDJPY
US Dollar / Japanese Yen
1,314-3,187
USDNOK
US Dollar / Norwegian Krone
0,814-5,272
USDPLN
US Dollar / Polish Zloty
-1,294-0,538
USDSEK
US Dollar / Swedish Krona
3,090-9,053
USDZAR
US Dollar / South African Rand
-25,3405,998
XAGUSD
Silver / US Dollar
-0,6070,298
XAUEUR
Gold / Euro
-32,18416,511
XAUUSD
Gold / US Dollar
-52,38016,400
BTCUSD
Bitcoin / US Dollar
-45,922-24,905
ETHUSD
Ethereum / US Dollar
-1,988-1,079
LTCUSD
Litecoin / US Dollar
-0,005-0,003
 

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: 2024-11-21 09:00:11

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.