FXClearing, a boutique forex brokerage from Ottawa, Canada. Our goal is to provide a level of service to forex traders of all levels, as normally experienced only by much bigger individual and institutional clients at other brokerages.
Working with FXClearing you can trade confidently and comfortably being supported by our professional multi-lingual support staff.
Here at FX|Clearing, individual forex traders of all sizes can find something to like. We invite you to explore our institutional trading terms and advanced trading platform, and if you have any questions just contact us for any assistance. Our ultimate goal is to create the finest trading environment for our clients.
FX Clearing Group Inc. (Ontario Corp) was registered in the Ministry of Government Services (formerly Ministry of Consumer and Business Services) on Sep. 15, 2006. Registration #1710457.
There is no forex licensing in Canada, and we are not required to obtain a security license if no Canadian clients are accepted.
In accordance with the law we report to FinTRAC, a Canadian government anti-money laundering organization.
We are dedicated to providing excellent trading terms, transparent operations, automatic execution, and other benefits normally provided only to larger institutional clients.
FX Clearing Group, Inc. complies with the following regulations:
FX|Clearing carrying on business as an online Forex Exchange Dealer for foreign investors adheres to the Personal Information Protection of Electronic Documents Act (Canada) (hereinafter the “Act”).
As a Foreign Exchange Dealer, FXClearing is required by law to collect from individuals personal information such as: name, date of birth, addresses, occupation, and a copy of federal documents. Personal information supplied to FXClearing is confidential and FXClearing will not sell or in any way distribute such information provided to FXClearing to any third parties unless authorized to do so by the individual or as required by the Financial Transactions and Reports Analysis Centre of Canada (“FinTRAC”) or other applicable regulations.
FXClearing is also required by law to be sensitive to “suspicious activities” and “suspicious transactions” which activities and transactions FXClearing must report to FinTRAC and FXClearing must be sensitive to terrorist activities of individuals, entities, and countries identified by the United Nations and other national and international agencies.
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Trading Term
- Trading Hours:Sun 17:00 EST - Fri 16:00 EST.
- Swap Schedule:
Positions rolled over at 17:00 EST. - Interest on Unused Margin:
2% annually. - Platform:
MetaTrader 4. - Contract Sizes:
1,000 (micro - for mini accounts only), 10,000 (mini) and 100,000 (standard) lots can be traded on Mini and Professional accounts. - Execution:
Automatic. All entry and stop orders are honored during normal market conditions. - Spread Widening:
Spreads are fixed. Only during the major news announcements may spreads be expanded. - Scalping:
Methodical scalping (picking) is not allowed.
Grid/Martingale-type strategies and expert advisers are prohibited, because they lose clients' money while overloading our servers. - Expert Advisers:
Most types of EAs are generally allowed, however, certain types of EAs cannot be adequately hedged by our dealing desk, and thus may be prohibited.
See your trading agreement for details. - Margin Call:
Margin Calls protect you from losing more money than you have in your account. Positions will be automatically closed out when account equity is not sufficient to maintain the margin. Click here to read about the margin call procedures. - Stop and Limit Orders:
All stop and limit orders up to 10 standard lots will be honored under normal market conditions. - Deposit Currencies:
Paypal and Moneybookers deposits are available in USD, EUR, GBP and JPY without conversion; You will see you profit/loss in the currency of deposit and will be able to withdraw it in the same currency, thus avoiding currency conversion fees.
No third-party deposits or withdrawals are allowed.
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Detail Term
http://www.fxclearing.ca/eng/services
Deposit Fund
After you have applied for a live account and were approved by FX|Clearing, you will receive instructions for delivering funds to your trading account.
There are several methods of deposit available, including Wire Transfer, PayPal, and Moneybookers.
No deposit fees apply.
Withdawal Fund
In order to withdraw funds from your account, please download, complete, and return to us the Withdrawal Request Form, which you can download by clicking here.
Fax your completed withdrawal form to +1-208-988-6799 or scan and email it to withdrawal@fxclearing.caAll withdrawals are FREE as long as you maintain a trade volume of 10 standard 100k lots (or 100 mini lots) per month, at least.
Furthermore, FX|Clearing does not charge for withdrawals via third-party payment services such as PayPal and Moneybookers.
However, these third-party services may charge their own transaction fees. Please consult their respective websites for information about their transaction fee schedule.
Withdrawals via direct bank wire transfer incur a fee of $30 per transaction.
| Address: | FX Clearing Group, Inc. 412-840 Springland Dr. Ottawa, ON K1V6L6 Canada |
| Tel: | +1-613-435-7429 |
| Fax: | +1-208-988-6799 |
| Email: | support@fxclearing.ca |
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