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Introducing
broker of FXClearing group Inc |
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Due
to regulations, accounts for Canadian and
US residents may not be opened at this time.
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Trading Hours:
Sun 17:00 EST - Fri 16:00 EST.
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Swap Schedule:
Positions rolled over at 17:00 EST.
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Interest on Unused Margin:
2% annually.
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Platform:
MetaTrader 4.
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Contract Sizes:
1,000 (micro - for mini accounts only),
10,000 (mini) and 100,000 (standard) lots
can be traded on Mini and Professional
accounts.
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Execution:
Automatic. All entry and stop orders are
honored regardless of market situation.
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Spread Widening:
Spreads are fixed. Only during the major
news announcements may spreads be expanded.
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Scalping:
Methodical scalping (picking) is not allowed.
See your trading agreement for details.
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Margin Call:
Margin Calls protect you from losing more
money than you have in your account. Positions
will be automatically closed out when
account equity is not sufficient to maintain
the margin.to read about the margin call
procedures at end
of page.
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Stop and Limit Orders:
All stop and limit orders up to 10 standard
lots will be honored under normal market
conditions. Please note that if you left
positions open during the weekend, slippage
may occur on stop and limit orders due
to weekend price gaps.
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Deposit Currencies:
You can deposit the following currencies
without conversion: EUR, USD, CAD, JPY,
GBP, CHF.
You will see you profit/loss in the currency
of deposit and will be able to withdraw
it in the same currency, thus avoiding
currency conversion fees.
PayPal deposits are available with conversion
to CAD.
No third-party deposits or withdrawals
are allowed.
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- Spread:
1 pip on EUR/USD, USD/JPY, GBP/USD,
and USD/CHF;
For full spread list, click
here.
- Leverage:
Choose from 200:1, 400:1, or 500:1
- Minimum Deposit:
$1
- Maximum Deposit:
$5,000
- can optionally upgrade to a PRO
Account
- Swap Interest:
Swap-free. No swap interest paid or
earned.
- Maximum Lots for Auto Execution:
No maximum.
- NEW: Micro Lots!
Contract sizes of 1,000 are now available
for Mini accounts
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- Spread:
2 pips on EUR/USD and USD/JPY;
3 pips on GBP/USD and USD/CHF;
For full spread list, click
here.
- Leverage:
50:1, 100:1, 200:1, or 400:1 for accounts
from $5,001 to $10,000;
50:1, 100:1, or 200:1 for accounts
from $10,001 to $30,000;
50:1 for accounts from $30,001 and
up;
- Minimum Deposit:
$5,001
- downgrades to MINI if balance drops
below
- Maximum Deposit:
No maximum.
- Contract Sizes:
100,000 of base currency
- Swap Interest:
Positions can EARN or PAY interest,
depending on instrument.
- Maximum Lots for Auto Execution:
20 standard 100k lots
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| Instrument |
Mini |
Universal |
| EUR/USD |
1 |
2 |
| USD/JPY |
1 |
2 |
| GBP/USD |
1 |
3 |
| USD/CHF |
1 |
3 |
| AUD/USD |
3 |
4 |
| USD/CAD |
3 |
3 |
| EUR/CHF |
2 |
2 |
| EUR/JPY |
3 |
3 |
| EUR/GBP |
2 |
2 |
| NZD/USD |
4 |
4 |
| CHF/JPY |
4 |
4 |
| AUD/JPY |
5 |
5 |
| CAD/JPY |
5 |
5 |
| AUD/CAD |
7 |
7 |
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| Instrument |
Mini |
Universal |
| AUD/NZD |
12 |
12 |
| GBP/CHF |
7 |
7 |
| AUD/CHF |
7 |
7 |
| GBP/JPY |
7 |
7 |
| CAD/CHF |
7 |
7 |
| EUR/CAD |
9 |
9 |
| NZD/CHF |
9 |
9 |
| EUR/AUD |
9 |
9 |
| NZD/JPY |
9 |
9 |
| NZD/CAD |
9 |
9 |
| GBP/AUD |
11 |
11 |
| GBP/CAD |
11 |
11 |
| EUR/NZD |
12 |
12 |
| GBP/NZD |
30 |
30 |
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Currency trading is dealt on a "Spot" basis
only. This means that all trades settle two
business days from inception, as per market
convention.
FX|Clearing
does not arrange physical delivery of currencies
hence, all positions left open from 4:59
PM EST to 5:00 PM EST (New York time)
will be rolled over to a new "value date".
As a result, positions are subject to a swap
charge or credit as specified in the table
below.
| Instrument |
Long (pips) |
Short (pips) |
| EUR/USD |
-0.49 |
0.22 |
| USD/JPY |
0.75 |
-1.51 |
| GBP/USD |
-0.08 |
0.39 |
| USD/CHF |
0.25 |
-0.77 |
| AUD/USD |
0.09 |
-0.35 |
| USD/CAD |
0.17 |
-0.67 |
| EUR/CHF |
0.32 |
-0.84 |
| EUR/JPY |
0.66 |
-1.51 |
| EUR/GBP |
-0.36 |
0.17 |
| NZD/USD |
0.35 |
-0.79 |
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| Instrument |
Long (pips) |
Short (pips) |
| CHF/JPY |
0.21 |
-0.75 |
| AUD/JPY |
0.68 |
-1.55 |
| CAD/JPY |
0.55 |
-1.06 |
| AUD/CAD |
0.22 |
-0.7 |
| AUD/NZD |
-0.54 |
0.22 |
| EUR/AUD |
-0.83 |
0.21 |
| EUR/CAD |
-0.31 |
0.17 |
| GBP/CHF |
1.07 |
-2.03 |
| GBP/JPY |
1.57 |
-2.59 |
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Note#1: When you roll an
open position from Wednesday to Thursday,
then Monday next week becomes the value date,
not Saturday; therefore the rollover charge
on a Wednesday evening will be three times
the value indicated above.
Note#2: For our Muslim clients,
sharia accounts are possible. Contact us for
more details here.

- Margin Call Level: Warning
at 100%
- Stop Out Level: Positions
closed at 70%
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.
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IMPORTAN ! Please Read :
# Do NOT send funds before your account is approved.
# SCALPING:
aggressive methodical scalping is prohibited. Scalping is
defined as a trading style where most of your trades take less than 3-8 pips of
profit, or are kept open for less than 8 minutes. It applies to all trades regardless
of the market situation.
NEED HELP ? CONTACT US !
If you need assistance with funding your account,
please do not hesitate to get in touch with us! [Click Here]
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Risk Warning
: The trading of foreign currency involves substantial risk, including
complete possible loss of principal plus other losses and may not
be suitable for all investors. You should make an independent judgement
as to whether trading in foreign currency contracts is approriate
for you in light of your financial condition, investment experience,
risk tolerance, and other relevant factors. Copyright
@ 2006 - 2008 fxclearing.biz
is Introducing Broker of FX Clearing Group,
Inc |
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