FOREX TRADING WITH XS: TRADING CONDITIONS
Trading Hours
Normal trading hours refer to the regular trading sessions available for trading. The below shows the normal trading hours for Forex pairs available for trading on the forex trading platform of XS. Seasonal and market factors may affect the below trading hours, so it is important to follow the latest updates on the Trading Hours page to stay up to date with the latest seasonal changes to trading hours. All timings are in server time (GMT+2).
All Forex Pairs: Monday – Thursday: 00:00 - 23:59
Spreads
XS.com offers a floating spread on all currency pairs for all account types. Hence the spreads in the contract specifications table are the average spread based on the previous trading day. For live spreads, please refer to the forex trading platform. Please note that spreads may widen when the markets experience lower liquidity, including rollover time.
Chart Prices
XS.com offers a variety of forex trading accounts to suit each trader’s needs and preferences. We offer accounts with raw pricing on which additional commissions are charged. Other account types have no commission but instead have mark-ups incorporated in the prices. By default, the chart in the MetaTrader trading platforms will display the raw pricing, while the market watch will display the pricing of the account type that the client is trading on.
Swaps
Swap long is used for keeping buy positions open overnight, and Swap short is used for keeping sell positions open overnight. Swaps occur at 00:00 Server Time each day, excluding the weekend, until the position is closed. Triple swaps are charged on Wednesdays to cover financing costs incurred over the weekend.
Stop Level
Stop level is the minimum distance (difference in pips) between current market price and pending order price. The stop level values in contract specifications table are subject to change and may not be available for traders using certain high-frequency trading strategies or Expert Advisors.
Dynamic Leverage
XS.com offers dynamic leverage on currency pairs on most account types. The leverage values in the contract specifications table are the maximum leverage for each trading instrument. The maximum leverage will change based on your net open positions. For more details, please check the Dynamic Leverage page.
Fixed Leverage
XS.com offers fixed leverage on currency pairs on some account types. In this case, the maximum leverage displayed in the contract specifications table will NOT change based on your net open positions. The fixed leverage applies to Cent & Mirco account types.
Higher Margin Requirements Periods
We apply risk management measures to protect positions from possible high volatility during key events and specific time periods which impact the general volatility of the market. Higher amounts of margin are required to open an order during these periods which are known as HMR (higher margin requirements) periods. The higher margin requirements will apply only to positions that are opened within these periods. The margin requirements of existing positions will not be affected.
Closing an open hedged position during HMR periods can fail if there is insufficient free margin to cover the higher margin requirements, specifically the higher margin requirements on the latter half of a hedged order at the time of closing.
The HMR periods includes:
Economic News Periods: All forex trading that happens from 15 minutes before major news releases until 10 minutes after will be subject to higher margin requirements.
Weekends & Holidays: All forex trading that happens from and 2 hours before markets closing on Friday and for 1 hour after market opening on Monday will be subject to higher margin requirements. Same rule apply to Trading Holidays.
FAQ
The foreign exchange market (Forex, FX), or currency market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. The Forex (FX) market is the largest and most liquid in the world, exceeding more than $5 trillion in trades every day.
The foreign exchange market (Forex, FX), or currency market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. The Forex (FX) market is the largest and most liquid in the world, exceeding more than $5 trillion in trades every day.
A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first listed currency of a currency pair is called the base currency, and the second currency is called the quote currency.
The major currency pairs (Majors) are the pairs that include the US Dollar (USD) against one of the currencies from major economies including the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), and New Zealand Dollar (NZD). Trading major currency pairs provide liquidity, market depth, and potential trading opportunities.
The currency pairs that do not the US Dollar (USD), but involve any of the major currencies are known as minor currency pairs (Minors). These currency pairs are normally less liquid than major currency pairs and provide less market depth.
The currency pairs that do not the US Dollar (USD), but involve any of the major currencies are known as minor currency pairs (Minors). These currency pairs are normally less liquid than major currency pairs and provide less market depth.
Currency markets in forex trading are influenced by a wide range of factors, including economic indicators, geopolitical events, central bank decisions, and market sentiment. Understanding these dynamics is crucial for successful currency trading. XS provides access to real-time market data,
