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Main » 2008 » December » 19 » Trading Rules
Trading Rules
6:10 AM
Following rules define the operation conditions in FOREX and CFD markets, which Company provides to physical and juridical persons via Internet or a telephone line. These rules and conditions make clear how to open, close trading positions and place, remove or change orders, and how these orders are executed by the Company on valid trading tools. This section includes the basic moments (most important) of trading character mentioned in the Agreement, and also some other not less important information. At the same time we strongly recommend you read the full version of the Agreement.
1. The deal (opening or closing a position) is executed at the "BID" / "ASK" prices offered to the Client. The Client chooses desirable operation and makes a request for the deal confirmation by the Company. The deal is executed at the prices the Client can see on the screen. During the confirmation the price may be changed, and the Company has right to offer the Client a new price. Thus the Client has right to refuse a suggested price.
2. Orders: Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop on currency pairs and CFD contracts are executed at the declared by the Client prices on the first market price touch. The Company reserves the right not to execute the order, or to change the opening (closing) price of the deal in case of technical failure of the trading platform, reflected financial tools quotes feed, and also in case of other technical failures. Under certain trading conditions it may be impossible to execute orders (Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop) on currency pairs and CFD contracts at the declared price. In this case the Company has the right to execute the order or change the opening (closing) price of the deal at a first market price. This may occur, for example, at times of rapid price movement if the price rises or falls in one trading session to such an extent that under the rules of the relevant exchange trading is suspended or restricted. Or this may occur in the trading session start moments. So as a result, placing a stop-loss order will not necessarily limit your losses to the intended amounts, because market conditions may make it impossible to execute such an order at the stipulated price.
3. Normal basic spreads on trading tools are specified in "Contract Specification". However, the Company has the right to increase spreads on currency pairs and CFD contracts. In particular, spreads on basic currency pairs EUR/USD, USD/CHF, GBP/USD, USD/JPY can be increased under certain trading conditions up to 5 points on EUR/USD, up to 7 points on USD/CHF, up to 6 points on GBP/USD and up to 5 points on USD/JPY.
4. The minimum level for placing SL, TP and Limit Orders from a market price on currency pairs is 10 points - for currency pairs with spread less than 10 points, and is equaled spread - for currency pairs with spread more than 10 points. The Client has no right to change or remove SL, TP and Limit Orders if the price has reached the level of the order execution.
5. At Margin level less than 10 percent the Company has right to begin closing positions starting from most unprofitable, while Margin level = 5 % or less all positions are getting closed forcedly in the automatic mode at current price.
6. The Client takes full responsibility for giving of directions for opening, closing, changes and removal of positions or orders on the phone line +74957889675 through the operators of the Company. All operations in this case are executed under the responsibility of the Client. The Client agrees and realizes, that all conversations between the Client and the Company can be written down on magnetic, electronic and other carriers. The Client further agrees to use these records as the facts in case of any questions between the Company and the Client.
7. Trading operations using additional functions of the client trading terminal, such as Trailing Stop or Expert Adviser are executed completely under the Client responsibility, as they depend directly on the client trading terminal and cannot be supervised by the Server of the Company.

Please pay attention to the following:
1. Charts in Metatrader 4 system display only BID price of a quote. Therefore, to get ASK price for the certain moment on the chart, it is necessary to add a spread. This moment is most important at orders execution.
2. If the trading account has an open position with Stop Loss order and there is no free margin for opening another one, and at the same time a new postponed order is placed at the same price as Stop Loss (a so-called "stop with reverse" situation), so theoretically two orders should be executed simultaneously. However, the Server first of all executes the postponed orders and in this situation the postponed order can be automatically removed due to insufficient margin requirement for opening a new position. Be attentive!
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