About Account

Basic Account

The Basic account is perfect for newcomers to the Forex market and those who prefer trading smaller volumes. It allows investors to trade in smaller sizes and start with a lower initial deposit compared to the Basic Account, all while using the powerful Web Trader platform.

CURRENCY PAIRFIXED
Trading PlatformMetaTrader 4, Webtrader and Mobile Trading
SpreadsFrom 1 pip
Trading InstrumentsForex, Indices, Commodities, Shares and CFDs
Fifth DecimalYes
Max leverage1:10 *
ExecutionMarket Execution
Minimum opening deposit$ 1000
Minimum trade size0.01 lot
Trade size increment0.01
Maximum Total Trade Size5 Standard lots
Maximum Simultaneous Open Orders150
Margin Call / Stop out level40% / 10%
Telephone TradingYes
Account CurrencyUSD
CommissionNo

The Maximum leverage may vary based on clients’ appropriate assessment

Advertised Spr​eads

Our spreads are variable, and the spreads provided above are based on the time-weighted average from January 1, 2014, to May 1, 2014. The advertised spreads may not apply to accounts referred by brokers. Our goal is to offer traders tight, competitive spreads; however, market conditions may occasionally cause the spreads to exceed the values listed above.

EXECUTION DISCLAIMER

When trading Forex, whether through the dealing desk or no dealing desk execution models, we act as the final counterparty for the transactions. In both models, Xelion Limited gathers bid and ask prices from a range of liquidity providers. The best available quotes are displayed on our platforms after we apply our mark-up, which can vary depending on the liquidity provider and account type. Several factors influence the mark-up, including the liquidity provider’s quote rejection rates, network performance (e.g., latency), liquidity depth, and overall execution quality.

For the Dealing Desk execution model, we may act as the counterparty for some or all currency pairs, while backup liquidity providers are used when we are not the dealer. It’s important to note that the Dealing Desk has a more limited number of liquidity providers compared to the No Dealing Desk (NDD) model.

We cannot guarantee that one execution model will always provide better quotes, prices, or spreads over the other. Clients should carefully consider their trading strategy or method when choosing the most suitable execution type for their needs.

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