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Introducing broker of FXClearing group Inc
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Terms for All Accounts

Due to regulations, accounts for Canadian and US residents may not be opened at this time.

  • Trading Hours:
    Sun 17:00 EST - Fri 16:00 EST.

  • Swap Schedule:
    Positions rolled over at 17:00 EST.

  • Interest on Unused Margin:
    2% annually.

  • Platform:
    MetaTrader 4.

  • 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.

  • Execution:
    Automatic. All entry and stop orders are honored regardless of market situation.

  • Spread Widening:
    Spreads are fixed. Only during the major news announcements may spreads be expanded.

  • Scalping:
    Methodical scalping (picking) is not allowed. See your trading agreement for details.

  • 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.

  • 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.

  • 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.


Mini Account Terms

  • 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

Professional Account Terms

  • 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



Spreads

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
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

Swap Interest Rates
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
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

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 Procedure

  • 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.


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.

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