The main advantages of trading on accounts of this type are:
Market orders will be executed at the best market price of the liquidity providers once the order reaches the electronic trading system where it will be executed at the NDD-technology. Thus, it may slip between the price that you see in the terminal, and the price of execution. Moreover, such slippage can also be in your favor. Since the system can provide you with high liquidity, this slippage, under the normal conditions, either does not exist at all or is immaterial. Under low liquidity or explosive volatility conditions, the slippage is generally higher than on a quiet market.
Once the price reaches the stop order level in the MT4, a request for an order execution would be transmitted via the bridge to the trading system, where the order would be executed at the best market price of the liquidity providers at the moment the order reaches the system. Thus, in case of stop orders, as well as in case of execution of market order, slippage between the stop price and price of execution may occur. Moreover, slippage can also be in your favor. More information about the market execution features can be read above.
Once the price reaches the limit order level in the MT4, a request for the order execution is transmitted via the bridge to the trading system. Please note that a partial execution of the order is possible. For example, you want to buy 200 lots EUR / USD at 1.27500. If only 100 lots at this price are available for buying, the total volume of your transaction will be 100 lots (not 200 lots), which is the volume that is currently available on the market. Obviously, you are likely to encounter partial execution only when dealing with large volume transactions.
Also, please note that if you use a limit order facility, you will never get a price worse than the one that was stated in your order i.e, you will either get your order executed at the requested price or at the better price.
Pending orders SELL LIMIT, BUY LIMIT, SELL STOP, BUY STOP are automatically deleted in 180 days after being placed.
Adjustments for dividends on stock CFDs are not made - i.e., holders of long positions on stock CFDs will not receive dividends, and dividends will not be withheld from holders of short positions on stock CFDs.
After the end of the last trading session before the ex-dividend date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the ex-dividend date. Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the trading session on the ex-dividend date.
The upcoming ex-dividend dates for stock CFDs are available in the contract specifications.
After the end of the last trading session before the split (reverse split) date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the date of the split (reverse split). Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the next trading session.
Notification of clients about the dates of the split (reverse split) is done through the distribution of relevant notifications in the MetaTrader trading terminal.
If at any time «Equity» (current balance including open positions) becomes equal or less than 50 % of the margin held for the open positions, the dealer has the right on his own discretion to close any of the open positions in order to maintain margin requirements.
During weekends and public holidays the margin requirements may increase from 1 % to 3 % (i.e. the maximum leverage for this period would be 1:33).The client is obliged to bring his open positions in accordance with the increased margin requirements at least 30 minutes before the trading session closes (before bidding).
Market orders will be executed at the best market price of the liquidity providers once the order reaches the electronic trading system where it will be executed at the NDD-technology. Thus, it may slip between the price that you see in the terminal, and the price of execution. Moreover, such slippage can also be in your favor. Since the system can provide you with high liquidity, this slippage, under the normal conditions, either does not exist at all or is immaterial. Under low liquidity or explosive volatility conditions, the slippage is generally higher than on a quiet market.
Once the price reaches the stop order level in the MT4, a request for an order execution would be transmitted via the bridge to the trading system, where the order would be executed at the best market price of the liquidity providers at the moment the order reaches the system. Thus, in case of stop orders, as well as in case of execution of market order, slippage between the stop price and price of execution may occur. Moreover, slippage can also be in your favor. More information about the market execution features can be read above.
Once the price reaches the limit order level in the MT4, a request for the order execution is transmitted via the bridge to the trading system. Also, please note that if you use a limit order facility, you will never get a price worse than the one that was stated in your order i.e, you will either get your order executed at the requested price or at the better price.
Pending orders SELL LIMIT, BUY LIMIT, SELL STOP, BUY STOP are automatically deleted in 180 days after being placed.
Adjustments for dividends on stock CFDs are not made - i.e., holders of long positions on stock CFDs will not receive dividends, and dividends will not be withheld from holders of short positions on stock CFDs.
After the end of the last trading session before the ex-dividend date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the ex-dividend date. Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the trading session on the ex-dividend date.
The upcoming ex-dividend dates for stock CFDs are available in the contract specifications.
After the end of the last trading session before the split (reverse split) date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the date of the split (reverse split). Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the next trading session.
Notification of clients about the dates of the split (reverse split) is done through the distribution of relevant notifications in the MetaTrader trading terminal.
If at any time «Equity» (current balance including open positions) becomes equal or less than 50 % of the margin held for the open positions, the dealer has the right on his own discretion to close any of the open positions in order to maintain margin requirements.
During weekends and public holidays the margin requirements may increase from 1 % to 3 % (i.e. the maximum leverage for this period would be 1:33).The client is obliged to bring his open positions in accordance with the increased margin requirements at least 30 minutes before the trading session closes (before bidding).
In the MetaTrader 4 trading system, in construction of price charts, both the maximum price (High) and the minimum price (Low) are taken at Bid price.
A Standard lot would represent 100,000 units of the base currency; where as a minimum lot is 0.01 of standard lot (or 1,000 of the base currency).
When working with micro lots (0.01-0.09) only one transaction per second can be executed.
Acceptance and modification of pending Stop orders may be ceased 3 minutes before the release of significant macroeconomic figures and important political or economic news.
Pending orders or T/P and S/L orders can be placed not closer than spread per instrument. The minimum distance for S/L orders may be increased up to 10 spreads 10 minutes before the release of significant figures of macroeconomic statistics and important political or economic news. 30 minutes before market close, the level for S/L orders is increased to 25 spreads. This rule applies also to the opening of pending and market orders with a pre-determined S/L within the range of 10 (25) spreads.
In case S/L order was placed within the range of 10 spreads, MetaTrader 4 software does not allow one to separately modify connected S/L and T/P orders. Hence any attempt to modify T/P, will be blocked automatically.
Modification and removal of T/P and S/L orders as modification or close of any pending order will be rejected if the market price is 2 pips close to them.
If the market opens with a gap or a gap occurs during the day (it generally happens after weekends or holidays, upon release of significant macroeconomic data, economic or political news, or in the event of Force-Majeure events), orders are executed as follows:
Take Profit (T/P) orders are executed at stated prices;
Stop Loss (S/L) orders are executed at stated prices;
Stop Loss (S/L) orders set for lock positions, are executed at first market prices;
Limit orders are executed at stated prices;
Buy Stop and Sell Stop orders for position opening are executed at first market prices.
If at any time Equity (current balance including open positions) is equal to or less than 20% of the margin used by opened positions, a dealer is entitled at his discretion to close one or all open positions in order to meet margin requirements.
Margin requirements may increase from 0.5% up to 2% on weekends and holidays (i.e. maximum leverage is 1:50 for that period). Client is obliged to bring its open position in accordance with the increased margin requirements at least 30 minutes before the time of bidding.
Pending orders SELL LIMIT, BUY LIMIT, SELL STOP, BUY STOP are automatically deleted in 180 days after being placed.
Adjustments for dividends on stock CFDs are not made - i.e., holders of long positions on stock CFDs will not receive dividends, and dividends will not be withheld from holders of short positions on stock CFDs.
After the end of the last trading session before the ex-dividend date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the ex-dividend date. Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the trading session on the ex-dividend date.
The upcoming ex-dividend dates for stock CFDs are available in the contract specifications.
After the end of the last trading session before the split (reverse split) date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the date of the split (reverse split). Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the next trading session.
Notification of clients about the dates of the split (reverse split) is done through the distribution of relevant notifications in the MetaTrader trading terminal.
Hereby FIBO Group informs all its clients that spreads on this type of account can be temporary increased due to high volatility and (or) low liquidity on the market. Clients can find information about temporary increased spreads for a certain currency pair in Trading Conditions (Contracts specification part) in our web-site. In an effort to familiarize themselves with the actual spread for a certain currency pair, clients should regularly visit the above mentioned part of this web-site.
NDD (No Dealing Desk) technology that is implemented on MT5 NDD accounts grants an opportunity to trade directly with the largest liquidity providers using MetaTrader 5 trading platform.
The main advantages of trading on accounts of this type are as follows:
Market orders will be executed at the best market price of the liquidity providers once the order reaches the electronic trading system where it will be executed at the NDD technology. Thus, it may slip between the price that you see in the terminal, and the price of execution. Moreover, such slippage can also be in your favor. Since the system can provide you with high liquidity, this slippage, under the normal conditions, either does not exist at all or is immaterial. Under low liquidity or explosive volatility conditions, the slippage is generally higher than on a quiet market.
Once the price reaches the stop order level in the MT5, a request for an order execution would be transmitted via the bridge to the trading system, where the order would be executed at the best market price of the liquidity providers at the moment the order reaches the system. Thus, in case of stop orders, as well as in case of execution of market order, slippage between the stop price and price of execution may occur. Moreover, slippage can also be in your favor. More information about the market execution features can be read above.
Once the price reaches the limit order level in the MT5, a request for the order execution is transmitted via the bridge to the trading system. Please note that a partial execution of the order is possible. For example, you want to buy 200 lots EUR/USD at 1.27500. If only 100 lots at this price are available for buying, the total volume of your transaction will be 100 lots, which is the volume that is currently available on the market. Obviously, you are likely to encounter partial execution only when dealing with the large volume transactions.
Also, please note that if you use a limit order facility, you will never get a price worse than the one that was stated in your order i.e, you will either get your order executed at the requested price or at a better price.
If at any time “Equity” (the current balance including open positions) will be equal to or less than 50% of the margin (deposit), filled with open positions, a dealer has the right to cancel at his own discretion one or all open positions for the maintenance of the marginal requirements.
On weekends and holidays, margin requirements may be increased by 3 times compared to the standard conditions. Client is obliged to bring its open position in accordance with the increased margin requirements at least 30 minutes before the time of bidding.
Adjustments for dividends on stock CFDs are not made - i.e., holders of long positions on stock CFDs will not receive dividends, and dividends will not be withheld from holders of short positions on stock CFDs.
After the end of the last trading session before the ex-dividend date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the ex-dividend date. Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the trading session on the ex-dividend date.
The upcoming ex-dividend dates for stock CFDs are available in the contract specifications.
After the end of the last trading session before the split (reverse split) date, all open positions on the relevant contract will be forcefully closed at the last market price of the trading session before the date of the split (reverse split). Furthermore, all pending orders on the relevant contract will be cancelled. Order placement and trading on the relevant contract will resume in standard mode from the opening of the next trading session.
Notification of clients about the dates of the split (reverse split) is done through the distribution of relevant notifications in the MetaTrader trading terminal.