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Account types

 
*Zero Spread specifications:
1. A Non-Qualified Trades Commission is applied. The NQT Commission ($15 per 1 lot round trip) is charged for trades, which don’t pass the distance of more than 3 pips or are open for less than 3 minutes. It's deducted after the trades are closed.
2. Commission on Zero Spread account with swap/swap-free:
For swap accounts: $20 per lot (EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURJPY, EURCHF, EURGBP); $40 per lot (AUDCAD, AUDCHF, CADCHF, CADJPY); $70 per lot (NZDCAD, NZDCHF, AUDNZD, EURCAD).
For swap-free accounts: $30 per lot (EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURJPY, EURCHF, EURGBP); $50 per lot (AUDCAD, AUDCHF, CADCHF, CADJPY); $80 per lot (NZDCAD, NZDCHF, AUDNZD, EURCAD)
3. Locked-Up Margin for hedged positions (25%) means that only 25% of the supporting margin will be charged from each position. While having two simultaneously opened opposite orders of one instrument with the same volume, half of the margin of one position will be charged.
Example:
1) Open the EURUSD# position of 1 lot, the charged Used Margin is 234.02
2) Open the opposite EURUSD# position of 1 lot, Now the Used Margin is 117.00 (sell 25% + buy 25%)
Calculation: For each position (sell and buy), 25% is calculated: 234.02/4=58.5. Then, it's multiplied by 2 (58.5*2) as there are two hedging orders. Thus, 58.5*2=117.00.

 

**Micro lot equals to 1/100th of a standard lot.

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Check Open Account page to learn about Fixed rate option which allows you to benefit from special FXCL conversion rate and increase your trading possibilities.