Home »

ClassicFX demo


A powerful trading platform for serious traders.

ClassicFX was designed for the experienced trader.  It offers the best technical and analytical tools at hand, including live and historic quotes, advanced charting, market orders, alerts and integrated market news. Learn more


Platform tutorial: Part I, Part II


Web Platform
You can access the trading platform from any device that has an internet connection. Please note, web platforms are usually slower than desktop applications and have a somewhat limited functionality. With the Web Platform, you'll be able to view charts, place market orders and manage your positions. Access Web Platform

SmartPhone Platform
If you would like to access your trading account from a Windows-based SmartPhone, we have developed a stand-alone application that is faster than the Web Platform. Learn more
PDA Platform
You may also access your trading account from a PDA. You will need to install a special software on your PDA. Learn more


ClassicFX Terms and Conditions

Spreads

3 pips: EUR/USD
4 pips: USD/CHF, USD/JPY, EUR/CHF,
EUR/JPY, GBP/USD, NZD/USD
5 pips: EUR/GBP, USD/CAD, AUD/USD
6 pips: CHF/JPY, CAD/JPY
8 pips: AUD/CAD, GBP/JPY, GBP/CHF
10 pips: EUR/CAD, AUD/JPY, AUD/CHF, EUR/AUD, CAD/CHF, NZD/JPY
15 pips: GBP/CAD
*Last updated on October 1, 2008

Trading hours

The Forex market opens at 21:00 GMT on Sunday and closes at 21:00 GMT on Friday. Forex Club's trading platform is open throughout the whole global session. Forex Club also provides an over-the-phone trading service from 8 am to 5 pm EST Mon-Fri ( 8am-4pm Winter Time).

Margin Policy

A margin call occurs when your account falls below the minimum requirements for trading. At Forex Club, our margin requirement is 1% of USD value of each positions. The monitoring of margin requirement is conducted after SWAP operation. If there is a margin call for your account, you will be contacted by us and we will help you take action to satisfy your margin.

Maximum leverage

  • 100:1 for accounts from $10 to $100,000
  • 50:1 for accounts from $100,000 to 200,000
  • 20:1 for accounts over $200,000
  • Minimum trade size is 1,000 which is equivalent to $10 traded with the maximum leverage ($10x100=1,000).

Leverage in a base currency

Leverage is offered in the base currency which means that each dollar in your trading account allows you to purchase up to 100 units of any currency. For example, if you have $1,000 in your account, you can buy 100,000 GBP/USD or 100,000 EUR/USD. Learn more

Orders


Available orders include Stop-Loss, Take Profit, OCO, and If Done. All orders are GTC (Good till Canceled). All limit orders may be placed no closer than 10 pips from the current market price.

Reversal of positions

Forex Club allows its customers to change the side of a position (long/short) without having to close it and fixing current P/L. For example, a day trader with an aggressive trading strategy and a deposit of $5,000 opens the following position: Buy 500,000 GBP/USD (LONG). A few moments later he decides to reverse his position (to go SHORT) in the same currency pair and for the same amount. Forex Club will allow him to sell double the amount of a current position (1,000,000 GBP/USD) to change the position to Sell 500,000 GBP/USD (SHORT). The opening rate of this altered position will be calculated in accordance to spread charges and any P/L the original position made. Learn more

SWAPs

Forex trading is a SPOT trading, which means that all trades are settled on the second business day after your position has been opened. SWAP operation is used to avoid the physical delivery of a currency. In essence, in the end of each trading day, all positions are closed and immediately re-opened at SWAP price. SWAP is executed automatically at 21:00 GMT.

In your trading report, you will see two lines: closing of position (SWAP t/n) and opening of the same position (SWAP open). Re-opening rate will be adjusted for SWAP pips. SWAP pips are determined by the interest rate for currencies that are used in the position. You can find our exact values of SWAP pips below.

Value date (date of delivery of currency) for trades carried from Wednesday to Thursday is Monday. Hence, SWAP pips will be calculated for three days. See SWAP calculation example

  Long Short
CHF -0,5 -0,2
EUR 0,0 -0,7
GBP -0,3 -0,5
JPY -0,3 -0,4
EUR/CHF -0,2 -0,4
EUR/JPY 0,0 -0,5
EUR/GBP 0,0 -0,3
GBP/JPY -0,3 -0,5
AUD 0,4 -0,8
CAD -0,3 -0,1
NZD 0,3 -0,9
GBP/CHF -0,6 -0,8
CHF/JPY -0,1 -0,4
AUD/JPY 0,1 -0,5
EUR/CAD 0,1 -0,5
GBP/CAD -0,1 -0,4
AUD/CAD 0,4 -0,8
AUD/CHF 0,3 -0,7
CAD/JPY -0,2 -0,2
EUR/AUD -1,1 0,8
CAD/CHF -0,1 -0,2
NZD/JPY 0,2 -0,6
*Last updated on February 17, 2009
Username

Password

Forgot your password?
SUBSCRIBE
Weekly Forex Newsletter

Webinars banner
Forex Club TV


EUR/USD Hourly chart
Chart
Choose currency:
Search: