FOREX.com charges no trading commissions or transaction fees. FOREX.com is compensated for its services through the bid/ask spread.
All banking fees, including but not limited to wire transfer charges, are the responsibility of the customer and will be deducted from the customer's trading account.
FOREX.com charges a data fee of $15 per month if there is no trading activity or no open positions for a period of 90 days or more. Contact us if you wish to disable your account temporarily and avoid this fee.
Open positions are closed according to the (First in First Out) FIFO accounting rule. All trades opened within a particular currency pair or product are closed in the order in which they were originally opened.
The minimum margin requirement for most forex pairs is 2% (or 50:1). Accounts holding positions in EUR/CHF that have an aggregate position of 500,000 notional volume or more will be required to increase margin to 5% on EUR/CHF. View the full list of margin requirements by product.
Open positions are required to be fully margined at all times. FOREX.com does not engage in margin calls; you are responsible for monitoring your account and maintaining 100% of required margin at all times to support your open positions. To help limit your trading losses and ensure that your losses never exceed your account balance, our system monitors your margin in near real-time and will automatically close out your open positions if your account equity falls below the 100% margin requirement. Learn more about liquidation process.
Margin requirements are subject to change without notice, at the sole discretion of FOREX.com.
Please note that very large individual positions are subject to additional margin. This will typically apply to positions of $50m or more on currency pairs, indices and major commodities, and positions of $2.5m or more on minor commodities.
Should you have a position that is subject to an additional margin requirement we will contact you to make arrangements to cover it. This increased margin requirement will continue to apply at Gain’s discretion, until the position size decreases and remains materially below the threshold for a sustained period. Partially closing the position will not automatically reduce your margin requirement.
If you have any questions about margin on large positions please contact our sales team.
Market orders: Market orders are executed at the best available price at the time the order is received.
Limit Orders: Limit, or take profit, orders are executed at the order rate or better. Sell limit orders are filled when the bid reaches the requested rate; limit orders to buy are filled on the offer.
Stop Orders: Stop orders become market orders when a predefined order rate is reached. Stop orders are executed at the best available price, depending on available liquidity. Buy Stop orders are filled on the offer price and Sell Stop orders are filled at the bid price.
Time and sales reports for a specific period can be requested by contacting customer service.
When economic data releases or major news events are announced, prices may “gap” as the market reacts and adjusts to the news. Market conditions can be extremely volatile during these times - prices may move dramatically in one direction and in some cases there may be no available liquidity for a short period. Gap market conditions are also common when trading resumes after a weekend or holiday. During gap market conditions, stop and limit orders may be executed at prices far away from the requested price. Learn how to manage your risk.
You are responsible for monitoring your account and maintaining 100% of required margin at all times to support your open positions. View the full list of margin requirements by product.
To help ensure that you don't lose more money than you have in your account, our systems monitor your margin in near real-time and will automatically close out your open positions if your account equity falls below the margin requirement. The liquidation process is as follows: in accordance with FIFO rules, the net open position with the greatest unrealized loss is closed first, followed by the next largest losing position and so on, until the maintenance margin requirement is satisfied or exceeded. Depending on the size and unrealized P&L of the open positions, all open positions may be liquidated in order to meet the margin requirement and you risk incurring losses greater than your account balance.
While our 100% margin requirement and real-time margin system is designed to limit your trading losses and help ensure that total losses never exceed your total account balance, you do risk incurring losses greater than your account balance, especially during periods of extreme market volatility. While it is not FOREX.com’s policy to hold clients responsible for modest negative balances; we do reserve the right to hold clients responsible for large debit balances and in special circumstances. For this reason, we strongly encourage you to manage your use of leverage carefully. Increasing leverage increases risk. For more information, see tips for managing margin.
MetaTrader 4 allows you to choose an expiry date and/or time when you place a pending order. If you do not indicate the expiry date or time then the order will remain open indefinitely.
Orders remain open until they are triggered or cancelled.
Placing contingent orders may not necessarily limit your losses.
FOREX.com’s trading hours are from Sunday at 5pm ET through Friday at 5pm ET. Orders (e.g. Stops and Limits) left pending over a weekend or holiday period will not be executed until FOREX.com resumes regular trading hours.
Market orders are executed at the best available price at the time the order is received.
Limit orders are executed at the order rate or better. Sell limit orders are filled when the bid reaches the requested rate; limit orders to buy are filled on the offer.
Stop orders become market orders when a predefined order rate is reached. Stop orders are executed at the best available price, depending on available liquidity. Buy Stop orders are filled on the offer price and Sell Stop orders are filled at the bid price.
A trailing stop allows a trade to continue to gain in value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a specified distance.
When the market price moves in a favorable direction (up for long positions, down for short positions), the trigger price follows the market price by the specified stop distance. If the market price moves in an unfavorable direction, the trigger price stays stationary and the distance between this price and the market price becomes smaller. If the market price continues to move in an unfavorable direction until it reaches the trigger price, an order is triggered to close the trade.
If a client disconnects from the server, the trailing stop will no longer be an active order.
Placing contingent orders may not necessarily limit your losses.
Phone trading is available to customers during market hours. To place a trade over the phone, contact customer service.
Phone Trading Instructions
State your Account Number.
You will be asked to verify the name on the account and answer other security questions
Ask for the current price i.e.
"I would like a price on Euro/Dollar"
FOREX.com will provide the current bid/offer.
"Euro/Dollar is trading at 1.28551/562" (the first number being the bid, the second the offer)
If you wish to place a market order, state your interest.
"I sell 50,000 of Euro/Dollar at the market"
FOREX.com will provide verbal confirmation of the trade. Your trade will be entered on your behalf and the trade will appear in the trading platform immediately.
If you do not wish to deal at the quoted levels, simply say "nothing done."
You may also request that a stop or limit order be placed on your behalf. Be sure to indicate the type of order and the price.
All trades executed via the phone are subject to a pre-deal margin availability check and will be manually entered into the customer's account for integrated P&L analysis and reporting.
All phone orders will be recorded to ensure fairness and accuracy for all parties involved.
View full product list and pricing schedule.
FOREX.com automatically rolls forward all open positions following the close of NY trading at 5:00pm ET. Trading is typically suspended for up to 1 minute during the roll process. The amount paid or earned depends on the direction of the open position and the interest rate differential between the two currencies involved. For example, assuming Australian interest rates are significantly higher than the United States', a trader long AUD/USD (i.e. holding Australian Dollars), is paid interest upon rollover. Conversely, if a trader is short AUD/USD (i.e. holding US Dollars) interest will be debited upon the rollover.
Rollover credits or debits are applied daily to a customer's account for each open position held overnight. Rollovers are processed at 5:00 pm ET, so any open positions at that time will automatically be rolled forward and an interest debit or credit will be applied to your account. Trading is typically suspended during the roll process.
Weekends and Holidays
Rollovers for positions held over the weekend will be posted on Wednesday; as a result the rollover applied on Wednesday will be for three days of rollover interest.
A holiday rollover will occur when the currency traded has a major holiday and the banks are closed. A holiday rollover will typically be applied two days before the holiday. Learn more about rollovers in FAQs.
Forex trading is available 24 hours a day from 5:00pm ET Sunday through 5:00pm ET on Friday, including most U.S. holidays. These conditions may result in wider spreads for some currency pairs based on market liquidity.