Account Conditions

MEX Exchange offers the Tightest Spreads with our technology and partnerships with the leading Banks, Prime Brokers and Liquidity Providers mean that our prices and spreads rank consistently among the tightest in the market.

Spreads

SymbolPriced Digits ECN From ECN AverageClassic Average
AUDUSD500.20.7
EURAUD500.81.3
EURGBP500.51.0
EURJPY300.30.8
EURUSD500.20.5
GBPJPY301.11.6
GBPUSD500.30.8
NZDUSD500.30.8
USDCAD500.30.8
USDCHF500.30.8
USDJPY300.20.7

Metals

SymbolPriced Digits ECN From ECN AverageClassic Average
XAUUSD20423

Leverage and Margin

Leverage

Leverage is a by-product of margin and allows an individual to control larger trade sizes. Traders will use this tool as a way to magnify their returns. It’s imperative to stress, that losses are also magnified when leverage is used. Therefore, it is important to understand that leverage needs to be controlled.

Margin

A margin call occurs when there are not enough funds in your trading account to open trades. This is also when your floating losses are greater than the minimum margin required.

Commissions and Swaps

A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight, this can be earned or paid. Swap/Rollover rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’.

Where can I find your swap rates?
  • MT4
  • Click ‘View’ along the top menu
  • Select ‘Symbols
  • Select which currency pair you want to see the swaps for, and click ‘Properties’
Swap rates quick Facts
  • You can now see the long and short swap rates in the pop-up window
  • Swaps are applied to your trading account only when positions kept are kept open until the next forex trading day.
  • Swaps are applied when the rollover occurs at the end of day, which is 00:00 server time.
  • Some currency pairs may have negative swap rates on both sides, both ‘long’ and ‘short’.
  • Swap rates are calculated in points, MetaTrader 4 converts them automatically into the base currency of the account.
  • Each currency pair has its own swap charge and is measured on a standard size of 1.0 standard lots (100,000 base units).
  • Swaps are calculated and applied on every trading night. On Wednesday night swaps are charged at triple rate the usual rate.