Trade terms
Note: Due to regulations, accounts for Canadian and US citizens (regardless of residency), and Canadian residents (regardless of citizenship) may not be opened.
General Trading Terms
| Market Hours: | Swap Schedule: | Trading Platform: |
| Sun 17:00 EST to Fri 16:00 EST | Positions rolled over at 17:00 EST. | MetaTrader 4 |
| Execution Policy: | Spread Policy: | Margin Call: |
| All orders will be honored under normal market conditions. | During the major news announcements and/or extremely volatile market conditions may spreads be expanded. | Margin Calls protect you from losing more money than you have in your account. Click here to read about the margin call procedures |
| No Processing Fees: | ||
| There are no payment processing fees by FX|Clearing. All PayPal and Moneybookers deposits are subject to a 3% transaction fee by PayPal and Moneybookers. |
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| Deposit Currencies: | ||
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Deposits are available in following currencies:
Your profit/loss will be calculated in the currency of deposit, and will be able to withdraw it in the same currency, with no conversion fees. You may only withdraw in the same currency as your account was originally set up to use. NOTE: Micro-Cents accounts may only accept deposit in USD and EUR. ECN and NDD accounts may only accept deposit in USD. |
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| No Third-Party Transactions: | ||
| No exceptions!. All funds must come from or go to accounts belonging to the trading account holder(s). This is the LAW. | ||
| Positions Left Open Over the Weekend: | ||
| Upon market open after the weekend, and during major Geo Political and Economic News releases, markets may become extremely volatile. It is not uncommon to see prices gap and move in increments of 20, 30, or even more than 50 pips at a time. Because of potential price gaps FX|Clearing cannot guarantee fills during news releases and within 1-3 hours after the weekend opening. Any orders may be filled at the next available price and will not always be filled at the requested price or stop. |
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Micro-Cents Account
What is the Micro-Cents Account? It is a special type of account where all calculations on this account are performed in US Cents, not Dollars.
| Spread: | Leverage: | Bonuses: |
| 2 pips spread on EUR/USD and USD/JPY; 3 pips spread on GBP/USD and USD/CHF; For full spread list, click here. |
Choose from 100:1, 200:1, 400:1, or 500:1. For accounts whose equity rises above $5,000, leverage will be automatically capped at 200:1. |
Instant 5% bonus for initial deposit (up to $150). Bonus is withdrawable after trading 50 10k mini lots or 5 standard 100k lots. |
| Minimum Deposit: | Swap Interest: | Scalping Policy: |
| Starting from $1.00. | Swap-free. No interest paid or earned. | Scalping is allowed under most circumstances. Other strategies, including Martingale, are also allowed under most circumstances. |
| Maximum Deposit: | Contract Sizes: | Expert Advisor Policy: |
| $5,000 - but you can continue to grow your account beyond this through profitable trades. | 0.01 (micro), 0.1 (mini) | ALL EAs are allowed*. |
| Maximum Position Size: | ||
| No Maximum. | ||
| APPLY ONLINE |
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Mini Account
| Spread: | Leverage: | Bonuses: |
| 1 pip spread on EUR/USD and USD/JPY, 2 pips spread on GBP/USD and USD/CHF; For full spread list,click here. |
Choose from 100:1, 200:1, 400:1, or 500:1. For accounts whose equity rises above $5,000, leverage will be automatically capped at 200:1. |
Instant 3% bonus for initial deposit (up to $150). Bonus is withdrawable after trading 50 10k mini lots or 5 standard 100k lots. |
| Minimum Deposit: | Swap Interest: | Scalping Policy: |
| Starting from $1.00. | Swap-free. No interest paid or earned. | Scalping is not allowed in any form. Grid/Martingale-type strategies are not allowed either. |
| Maximum Deposit: | Contract Sizes: | Expert Advisor Policy: |
| $5,000 - but you can continue to grow your account beyond this through profitable trades. | 0.01 (micro), 0.1 (mini) | Grid/Martingale-type EAs are not allowed. Most other EA types are allowed*. |
| Maximum Position Size: | ||
| 20 mini 10k lots (200 micro lots) | ||
| APPLY ONLINE |
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NEW ! ECN Account
The ECN (Electronic Communications Network) is the next step for Forex trading, bringing the forex market closer to the stock market model.
ECN gives you full access to your orders books, and offers order matching outside of traditional exchange hours. Additionally, clients' orders are allowed to interact with each other's orders. All the participants in the market trade against each other by sending competing bids and offers into the system. Participants interact inside the system and get the best offers for their trades available at that time. All trading orders are matched between counter parties in real time.
All clients’ orders will be displayed in the market and seen by others, who can also introduce their own orders. If a price is matched, a deal is made.
ECN gives you full access to your orders books, and offers order matching outside of traditional exchange hours. Additionally, clients' orders are allowed to interact with each other's orders. All the participants in the market trade against each other by sending competing bids and offers into the system. Participants interact inside the system and get the best offers for their trades available at that time. All trading orders are matched between counter parties in real time.
All clients’ orders will be displayed in the market and seen by others, who can also introduce their own orders. If a price is matched, a deal is made.
| Trading Platform: | Minimum Deposit: | Maximum Deposit: |
| Metatrader 4 | $ 1000 | No maximum deposit |
| Contract Sizes: | Scalping Policy: | Expert Advisor Policy: |
| The minimum trading size is 0.1 lot (10000 of base currency). | Scalping is allowed | All EAs are allowed |
| Spreads: | Swap Interest: | |
| Spreads are dynamic; they are variable with market conditions. | Default commission is $ 3.5 on $ 100000 traded. Check the SWAP rates at the symbol specification window | |
| Leverage: | ||
| From $ 0 to $1000 | 1:100 | |
| From $ 1000 to $25000 | 1:500 | |
| From $ 25000 to $100000 | 1:200 | |
| From $100000 to $1000000 | 1:100 | |
| APPLY ONLINE |
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NEW ! No Dealing Desk Interbank Liquidity Account (NDD INTERBANK LIQUIDITY ACCOUNT)
No dealing or human participation in order execution. All trades are instantly forwarded
through STP (Straight Through Processing) technology, delivering trades directly to the
interbank market and tier one bank liquidity providers.
It allows more professional clients to trade directly with biggest bank liquidity providers utilizing the advantages of the MT4 platform.
It allows more professional clients to trade directly with biggest bank liquidity providers utilizing the advantages of the MT4 platform.
| Trading Platform: | Minimum Deposit: | Maximum Deposit: |
| Metatrader 4 | $ 500 | $1 mln USD |
| Contract Sizes: | Scalping Policy: | Expert Advisor Policy: |
| The minimum trading size is 0.1 lot (10000 of base currency). The maximum trading size is 100 standard 100k lots | Scalping is allowed | All Expert Advisors and strategies are allowed without any limitations. |
| Spreads: | Swap Interest: | Commission: |
| Variable but stable. As low as 0.8 pip during the moments of highest liquidity. | Applied daily at 2200 GMT with a 15 minute halt of trading and feed, Monday through Friday from 2200 GMT to 2215 GMT. Check the SWAP rates at the symbol specification window | Small commission applies. |
| Leverage: | ||
| From $ 500 to 5,000$ | 1:200 | |
| From $ 5,001 to $15,000 | 1:100 | |
| From $15,001 to $50,000 | 1:50 | |
| From $50,001 to $1,000,000 | 1:25 | |
| Safety of clients' funds: | ||
| Clients' funds are kept on a segregated trust account in a tier one global bank in London, UK under the regulations of FSA. | ||
| Attention: | ||
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Be aware that a 15 minute halt of trading and feed occurs daily on all NDD accounts, Monday through Friday from 22:00 GMT to 22:15 GMT due to maintenance at an Interbank Liquidity Provider. No trading is possible during these 15 minutes so traders must take necessary. |
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APPLY ONLINE |
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Spreads
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Margin Call Rules
Margin Call Level: Warning at 70%
Stop Out Level: Positions closed at 30%
Margin call levels may be changed, if necessary, with prior notification.
Stop Out Level: Positions closed at 30%
Margin call levels may be changed, if necessary, with prior notification.
Margin call level in per cents is calculated as follows: MC = Equity / Margin * 100%
Margin call level in money is equal to equity: MC = Equity
If the current level is below Margin Call level, the account will receive an alert. If the level reaches a point lower than Stop Out level, the most unprofitable position will be closed on accounts quoted automatically, as for those quoted by a dealer, a request will be sent to the latter one for closing the most unprofitable position (but dealer can close any other position of the client at the dealer's discretion).
Virtual credit to be used by traders provided they do not have enough cash resources is indicated in the "Virtual Credit" field. If a trader wants to withdraw his/her money, this request will not apply to this credit given to client. And Margin Call levels will also be calculated on the money put on the account but without considering the credit sum
*FX|Clearing may disable specific EAs we consider to be violating company risk management parameters. This is done at our sole discretion, without any prior notice.
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