Trading rules for the cTrader STP

The STP (Straight Through Processing) technology implemented for the cTrader STP type of accounts allows you to trade directly with the largest liquidity providers such as the Bank of America, HSBC, Citi, UBS, Barclays and Deutsche Bank in the world's leading electronic trading networks. Trading will be carried out by means of the convenient and flexible platform cTrader.

The basic advantages of trading on accounts of the above type are:

  • Minimum floating spreads
  • Quick execution
  • No re-quotes
  • Possibility of trading in metals

Market order

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 STP-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.

Stop order

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.

Limit order

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.

Margin requirements

If at any time «Equity» (current balance including open positions) becomes equal or less than 100 % of the margin held for the open positions, the dealer has right on his own discretion to close any of the open positions in order to maintain margin requirements.
During the weekends and public holidays the margin requirements may increase from about 1 % to 3 % (i.e. the greatest possible leverage for this period would be 1:33). Client is obliged to bring its open position in accordance with the increased margin requirements at least 30 minutes before the time of bidding..

Special conditions 

For cTrader STP account type from 00:00 EET of 17 November, 2014 the margin of the pair EURCHF will be fixed at level 1:25. Margin will be recalculated for all open positions. Please take this into consideration and bring your positions in agreement with the new rules. On cTrader STP account type S/ L orders for the currency pair EURCHF can be executed with a slippage.