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ClassicFX demo
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 |
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| 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 |
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| 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 |
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| ClassicFX Terms and Conditions | |||||||||||||||||
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. 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. 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
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
OrdersAvailable limit orders include Stop-Loss, Take Profit, OCO, and If Done. All orders are GTC (Good till Canceled). All orders other than market 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 new 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
Current SWAP pips are available in Trading Platform.
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