Forex broker FXCL cuts commission on ECN Interbank accounts

Forex broker FXCL cuts commission on ECN Interbank accounts

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Forex brokerage FXCL Markets, trading as FXCL, introduced on Monday new conditions for its ECN Interbank trading accounts, including lower commissions, a notice published on Friday on the broker’s website indicated. Owners of swap accounts will now be charged commissions of 0.2 pips per lot, compared to the previous 0.6 pips, while for swap-free accounts commissions have been cut to0.6 pips per lot from 1.6 pips.

ECN Interbank accouns have also been added to the broker’s Automatic Loss Rebate program.

In addition the broker has raised the number of maximum orders available via the ECN Interbank accounts to 70 from 50. It has also halved the Stop Out Levels to 20% and decreased the Margin Call Level to 40% from 60%.

FXCL offers five types of trading accounts – Micro Cent, Mini, ECN Light, ECN Interbank, and ECN Scalping. The ECN Interbank account can be opened with a initial deposit as low as $1 and offers leverage of 500:1, minimum trading size of 0.1 lots, and spreads from 0.8 pips. More details about the account’s trading conditions follow:

FXCL Markets ECN Interbank account

FXCL Markets is regulated by Belize’s International Financial Services Commission (IFSC).

The broker offers forex trading services to clients in more than 50 countries across the globe via the MetaTrader 4 (MT4) platform for desktop and mobile devices.

Source: FXCL Markets

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