Aviso De Isenção Forex Padrão

Contratos por diferenças CFDs e FX marginados são produtos alavancados que carregam um alto grau de risco para o seu capital Os preços podem mover-se rapidamente contra você e pode resultar em perder mais do que seu depósito inicial CFDs e FX pode não ser adequado para todos os investidores e você deve Compreender plenamente os riscos envolvidos antes de abrir uma conta. Standard-FX tomou medidas razoáveis ​​para garantir a precisão das informações no site O conteúdo deste site está sujeito a alterações a qualquer momento sem aviso prévio Política de Privacidade Disclaimer. Standard-Forex 2016 Todos os direitos reservados Cortesia Mazeweb. Standard Account. The conta padrão oferece uma experiência de negociação excepcional, projetado para os comerciantes sérios que querem o nosso catálogo completo de produtos e execução de ordem anônima, sem restrições comerciais. Balance 5,000 a 25,000.Forex Leverage 100 1.Minimum tamanho do lote 1K. Forex Execução Não Negociação Desk. Have experiência de negociação no mercado Deseja executar sistemas de negociação automatizada Nossa conta padrão é o nosso mais popular, com spreads apertados e sem restrições de negociação grande para scalpers e comerciantes EA. SUPER TIGHT SPREADS LOW COMISSÕES. Com a nossa execução sem Dealing Desk, oferecemos-lhe o melhor preço disponível de um pool de fornecedores de liquidez que competem pelo seu pedido. Isto significa que você negocia com as cotações diretas que recebemos de nossos provedores de liquidez sem margens ocultas e nossas comissões transparentes agora Começar tão baixo quanto 0 03 por 1K lot. ANONYMOUS ORDEM EXECUTION. On nossas contas padrão com nenhuma execução Dealing Desk, você recebe anony Todos os seus pedidos, paradas e limites permanecem em nossos servidores, enviados como ordens de mercado cego para os provedores de liquidez Além disso, você tem potencial para melhorias de preços em todos os tipos de pedidos. PROFUNDIDADE DE MERCADO. As contas padrão têm acesso à profundidade de mercado em nossa plataforma de Trading Station Com profundidade de mercado, você vê várias camadas de preços com liquidez disponível em cada preço Esta ferramenta adicionada mede direção possível do mercado, ótimo para dia comerciantes e scalpers. Troca e / ou contratos para diferenças sobre margem carrega um alto nível de risco e pode não ser adequado para todos os investidores A possibilidade existe que você poderia sustentar uma perda em excesso de seus fundos depositados Antes de decidir negociar os produtos oferecidos pela FXCM você deve cuidadosamente Considere seus objetivos, situação financeira, necessidades e nível de experiência Você deve estar ciente de todos os riscos associados à negociação Na margem FXCM fornece aconselhamento geral que não leva em conta seus objetivos, situação financeira ou necessidades O conteúdo deste site não deve ser interpretado como um conselho pessoal FXCM recomenda que você procure o conselho de um conselheiro financeiro separado. Por favor, clique aqui para ler aviso de risco total. Forex Capital Markets Limited A FXCM LTD é uma subsidiária operacional no grupo FXCM de empresas em conjunto, o Grupo FXCM. Todas as referências neste site à FXCM se referem ao Grupo FXCM. A Forex Capital Markets Limited é autorizada e regulamentada no Reino Unido pela Financial Autoridade de Conduta Número de registo 217689.Tratamento de Taxa O tratamento fiscal britânico das suas actividades de apostas financeiras depende das suas circunstâncias individuais e pode estar sujeito a alterações no futuro ou pode diferir noutras jurisdições. Copyright 2017 Forex Capital Markets Todos os direitos reservados. Northern Shell Edifício, 10 Lower Thames Street, 8th Floor, Londres EC3R 6AD Empresa constituída em Inglaterra País de Gales No 040 72877 com sede registrada como acima. Nós usamos cookies para melhorar o desempenho ea funcionalidade do nosso site, o que melhora a sua experiência de navegação. Ao continuar a navegar neste site você está concordando com nosso uso de cookies Você pode alterar suas configurações de cookie a qualquer momento Aprenda Mais. Seu navegador está desatualizado. Riscos de Execução. Estes pares têm um nível de risco associado a eles que pode não ser inerente. O mercado para essas moedas é muito ilíquido, com liquidez sendo mantida e fornecida por uma ou poucas fontes externas. As preocupações de liquidez incluem, mas não estão limitadas a, a incapacidade de sair de posições com base na falta de atividade de mercado, diferenças nos preços cotados e execução final recebida, ou um atraso na execução enquanto uma contraparte para a sua transação específica é identificada Com estas considerações em mente É imperativo que qualquer comerciante fator isso em qualquer decisão de negociação Por esta razão, incentivamos fortemente todos os comerciantes a utilizar a ordem avançada Tipos para mitigar estes riscos. DELAYS IN EXECUTION. Delays em execução pode ocorrer usando FXCM s No Dealing Desk forex modelo de execução por várias razões, tais como questões técnicas com a conexão do comerciante à Internet FXCM um atraso na confirmação de ordem de um fornecedor de liquidez ou Por uma falta de liquidez disponível para o par de moedas que o comerciante está tentando negociar Devido à volatilidade inerente nos mercados, é imperativo que os comerciantes têm uma ligação à Internet de trabalho e confiável Há circunstâncias em que a conexão de internet pessoal do comerciante não pode ser Mantendo uma conexão constante com os servidores FXCM devido à falta de força do sinal de uma conexão sem fio ou dialup Uma perturbação no caminho de conexão pode, por vezes, interromper o sinal e desativar o FXCM Trading Station, causando atrasos na transmissão de dados entre a estação de negociação E o servidor FXCM Uma maneira de verificar sua conexão com o servidor FXCMs é fazer o ping do servidor a partir do seu co Mputer. RESET ORDERS. A volatilidade do mercado cria condições que dificultam a execução de ordens a um determinado preço devido a um volume de encomendas extremamente alto. No momento em que as ordens podem ser executadas, o preço de venda do lance ao qual um fornecedor de liquidez está disposto a Tomar uma posição pode ser vários pips away. In casos em que o pool de liquidez não é grande o suficiente para preencher uma ordem Market Range, a ordem não será executada para ordens Limit Entry ou Limit, a ordem não seria executada, mas em vez disso, A ordem pode ser preenchida Lembre-se, ambas as ordens Limite de entrada e limite de garantia preço, mas não garante a execução Dependendo da estratégia de negociação subjacente e as condições de mercado subjacente os comerciantes podem estar mais preocupados com a execução versus o preço recebido. Os spreads se ampliam para além do spread típico Os spreads estão em função da liquidez do mercado e em períodos de liquidez limitada, no mercado aberto ou durante a rolagem às 17h00, ET, spreads Pode aumentar em resposta à incerteza na direção dos preços, um aumento na volatilidade do mercado ou falta de liquidez do mercado Não é incomum ver spreads alargar particularmente em torno de rollover rollover comercial é normalmente um período muito quieto no mercado, desde o dia útil Em Nova York acaba de terminar, e ainda há algumas horas antes do novo dia útil começa em Tóquio Estar ciente destes padrões e levá-los em consideração ao negociar com ordens abertas ou colocar novos negócios em torno destes tempos pode melhorar sua experiência comercial Pode ocorrer durante eventos de notícias e spreads podem alargar substancialmente, a fim de compensar a enorme quantidade de volatilidade no mercado O alargado spreads só pode durar alguns segundos ou, enquanto alguns minutos FXCM incentiva fortemente os comerciantes a terem cautela ao negociar em torno de notícias Eventos e sempre estar ciente de seu patrimônio de conta, margem utilizável e exposição de mercado Ampliado spreads pode afetar negativamente todas as posições em Uma conta incluindo posições cobertas discutidas abaixo. PEDIDOS DE HANGING. During períodos de alto volume, pendurar ordens podem ocorrer Esta é uma condição onde uma ordem está em processo de execução, mas a execução ainda não foi confirmada A ordem será destacada em vermelho e A coluna de status indicará executado ou processando, na janela de ordens Nestas instâncias, a ordem está em processo de execução, mas está pendente até que FXCM receba a confirmação do fornecedor de liquidez de que os preços cotados ainda estão disponíveis Durante os períodos de negociação pesada Volume, é possível que uma fila das ordens formará esse aumento em ordens entrantes pode às vezes criar condições onde há um atraso dos provedores de liquidez em confirmar determinadas ordens. Dependendo do tipo de ordem colocada, os resultados podem variar. Uma ordem de intervalo de mercado que não pode ser preenchida dentro do intervalo especificado ou, se o atraso tiver passado, a ordem não será executada No caso de um At Market Ordem, cada tentativa será feita para preencher a ordem no próximo preço disponível no mercado Em ambas as situações, a coluna de status na janela de ordens normalmente indicará executado ou processamento O comércio vai simplesmente levar alguns momentos para passar para as posições abertas Janela Dependendo do tipo de ordem, a posição pode de fato ter sido executada eo atraso é simplesmente devido ao tráfego pesado na internet. Lembre-se de que só é necessário inserir qualquer ordem uma vez que várias entradas para a mesma ordem podem diminuir ou bloquear Seu computador ou inadvertidamente abrir posições indesejadas. Se a qualquer momento você não conseguir acessar a Estação de Negociação FXCM para gerenciar sua conta, você pode ligar para a Mesa de Negociação diretamente em 1 212-201-7300 Ver uma lista completa de números de contato internacionais. GREYED OUT PRICING. Greyed fora de preços é uma condição que ocorre quando os provedores de liquidez forex que fornecem preços para FXCM não estão ativamente fazendo um mercado para determinados pares de moedas e liquidez, portanto, diminui FXC M não intencionalmente cinza para fora preços no entanto, às vezes, um aumento severo na diferença do spread pode ocorrer devido a uma perda de conectividade com um provedor ou devido a um anúncio que tem um efeito dramático no mercado que limita a liquidez Tal graying Fora de preços ou spreads aumentados pode resultar em chamadas de margem em uma conta de comerciantes Quando uma ordem é colocada em um par de moedas afetado por preços acinzentados, o PL temporariamente piscará para zero até que o par tenha um preço negociável eo sistema pode calcular a PL. A capacidade de hedge permite que um comerciante mantenha tanto comprar e vender posições no mesmo par de moedas simultaneamente Traders têm a capacidade de entrar no mercado sem escolher uma determinada direção para um par de moedas Embora cobertura pode mitigar ou limitar perdas futuras que faz Não impedir que a conta de ser submetido a perdas adicionais completamente No mercado forex um comerciante é capaz de totalmente hedge por quantidade, mas não por preço Isso é por causa de t A diferença entre os preços de compra e venda, ou o spread, os comerciantes FXCM será obrigado a colocar a margem para um lado o lado maior de uma posição coberta Margem requisitos podem ser monitorados em todos os momentos nas taxas de negociação simples Janela Enquanto a capacidade de hedge é um recurso atraente, os comerciantes devem estar cientes dos seguintes fatores que podem afetar hedged posições. Margin. Aminishing Margem pode ocorrer mesmo quando uma conta é totalmente coberto, uma vez que spreads podem alargar, causando a margem restante Na conta para diminuir Se a margem remanescente for insuficiente para manter posições abertas, a conta pode sustentar uma chamada de margem, fechando quaisquer posições em aberto na conta Embora a manutenção de uma posição longa e curta possa dar ao operador a impressão de que sua exposição a O movimento do mercado é limitado, se existir margem disponível insuficiente e os spreads se alargarem durante qualquer período de tempo, pode certamente resultar em uma chamada de margem em todos os pos. ROLLOVER COSTS. Rollover é o fechamento e abertura simultâneos de uma posição em um determinado ponto durante o dia, a fim de evitar a liquidação e entrega da moeda comprada Este termo também se refere aos juros cobrados ou aplicados à conta de um comerciante Para as posições mantidas de um dia para o outro, ou seja, após as 5 pm ET em plataformas da FXCM. O tempo em que as posições são fechadas e reabertas e a taxa de rolagem é debitada ou creditada, é comumente referida como TRO de rolagem comercial. Quando todas as posições são cobertas em uma conta, embora a posição líquida total possa ser lisa, a conta pode ainda sustentar perdas devido ao spread que ocorre no momento em que a rolagem ocorre. Os spreads durante a rolagem podem ser mais amplos quando comparados a outros Períodos de tempo devido a fornecedores de liquidez momentaneamente ficando offline para liquidar as transações do dia Por favor, gerencie as posições em conformidade em torno de rollover e compreenda th E as implicações dos spreads que se alargam em relação à execução com posições abertas existentes ou novas ordens de posições. FLUTUAÇÃO DE TAXAS DE CIRCULAÇÃO CUSTOS DE PIP. As flutuações de taxa de câmbio, ou custos pip, são definidas como o valor dado a um movimento de pip para um determinado par de moedas. O valor em moeda que será ganho ou perdido com cada movimento de pip da taxa de par de moedas e será denominado na denominação monetária da conta na qual o par está sendo negociado Nas Plataformas FXCM, o custo de pip para todos os pares de moedas pode Ser encontrado selecionando Exibir, seguido de Lidar com vistas e, em seguida, clicando em Taxas Simples para aplicar a marca de seleção ao lado. Se Simples Taxas já tiver uma marca de seleção ao lado dele, visualizar as taxas de negociação na visualização simples é tão fácil quanto clicar no botão Guia Taxas de Negociação Simples na janela de taxas de negociação Uma vez visível, a visualização de taxas simples exibirá o custo de pip no lado direito da janela. INVERTED SPREADS. When você troca forex com FXCM usando Um modelo de execução Não Dealing Desk, você está negociando em feeds de preços que estão sendo fornecidos por vários provedores de liquidez, além de mark-up FXCM s Em casos raros, esses alimentos podem ser interrompidos Isso pode durar apenas por um momento, mas quando isso acontece, Spreads tornar-se invertido Durante estas raras ocasiões, FXCM aconselha que os clientes evitar a colocação de pedidos no mercado Embora possa ser tentador para colocar um livre comércio, tenha em mente que os preços não são reais e seu preenchimento real pode ser muitos pips longe do preço exibido No caso de negociações serem executadas a taxas não efetivamente oferecidas pelos provedores de liquidez da FXCM, a FXCM reserva o direito de reverter tais operações, uma vez que não são consideradas operações válidas. Ao colocar ordens de Market Range ou não negociar nesses momentos, os traders podem evitar o Risco associado com os cenários acima. HOLIDAY WEEKEND EXECUTION. TRADING DESK HOURS. The mesa de negociação abre aos domingos entre 5 00 PM ET e 5 15 PM ET A mesa de negociação fecha às sextas-feiras às 4 55 PM ET Observe o th Em ordens anteriores podem ser preenchidas até às 17h00 ET e que os traders colocando negociações entre as 16h55 e as 17h00 ET poderão não poder cancelar as ordens pendentes de execução Caso uma Ordem de Mercado GTC seja apresentada no fechamento do mercado, Existe possibilidade de que ele não pode ser executado até domingo no mercado aberto Por favor, tenha cuidado ao negociar em torno do fechamento do mercado de sexta-feira e fator todas as informações acima descritas em qualquer decisão de negociação. O horário aberto ou fechado pode ser alterado pela Mesa de Negociação, Sobre os preços oferecidos pelos provedores de liquidez à FXCM Fora desses horários, a maioria dos principais bancos mundiais e centros financeiros estão fechados. A falta de liquidez e volume durante o fim de semana impede a execução e entrega de preços. ATUALIZAÇÃO DE PREÇOS ANTES DA OPEN. Aberto, a mesa de negociação atualiza as taxas para refletir os preços atuais do mercado em preparação para o aberto Neste momento, os comércios e ordens realizadas durante o fim de semana estão sujeitos à execução Quot Es durante este tempo não são executáveis ​​para novas ordens de mercado Depois do aberto, os comerciantes podem colocar novos negócios, e cancelar ou modificar as ordens existentes. Os preços de abertura de s podem ou não ser o mesmo que os preços de fechamento de sexta-feira Às vezes, os preços em O domingo aberto estão perto de onde os preços estavam no fim de sexta-feira Em outras ocasiões, pode haver uma diferença significativa entre sexta-feira s fechar e domingo s aberto O mercado pode lacuna se houver um anúncio de notícia significativa ou um evento econômico mudando como o mercado Vê o valor de uma moeda Traders holding posições ou ordens durante o fim de semana deve ser totalmente confortável com o potencial do mercado para gap. ORDER EXECUTION. Limit encomendas são muitas vezes preenchidos ao preço solicitado ou melhor Se o preço solicitado ou um preço melhor é Não disponível no mercado, o pedido não será preenchido Se o preço solicitado de uma ordem Stop for atingido na abertura do mercado no domingo, a ordem se tornará uma Ordem de Mercado As ordens de Entrada de limite são fille D da mesma forma que as ordens de limite As ordens de Stop Entry são preenchidas da mesma forma que Stops. WEEKEND RISK. Traders que temem que os mercados podem ser extremamente volátil durante o fim de semana, que gapping pode ocorrer, ou que o potencial de risco de fim de semana não é apropriado Para o seu estilo de negociação, pode simplesmente fechar ordens e posições antes do fim de semana É imperativo que os comerciantes que mantêm posições abertas durante o fim de semana entender que o potencial existe para grandes eventos econômicos e anúncios de notícias para afetar o valor de suas posições subjacentes Dada a Volatilidade expressa nos mercados não é incomum para os preços a ser um número de pips fora no mercado aberto de fechar o mercado Nós encorajamos todos os comerciantes a ter isso em consideração antes de tomar uma decisão de negociação. MARGIN CHAMADAS E CLOSE OUTS. Margin chamadas são acionadas quando Sua margem utilizável cai abaixo de zero Isso ocorre quando suas perdas flutuantes reduzem seu patrimônio da conta para um nível que é menor do que sua exigência de margem Portanto, O resultado de qualquer chamada de margem é liquidação posterior, a menos que especificado de outra forma. A idéia de negociação de margem é que sua margem atua como um depósito de boa fé para garantir o maior valor nocional de sua posição Margem negociação permite que os comerciantes para manter uma posição muito maior do que o real Valor da conta FXCM s Trading Station tem capacidades de gerenciamento de margem, que permitem o uso de alavancagem Naturalmente, a negociação em margem vem com risco como alavancagem pode trabalhar contra você tanto quanto funciona para você Se a conta equity cai abaixo dos requisitos de margem, o FXCM Trading Station irá disparar uma ordem para fechar todas as posições em aberto Quando as posições têm sido excessivamente alavancadas ou as perdas de negociação são incorridas até o ponto de insuficiência patrimonial existir para manter posições abertas atuais ea margem utilizável da conta cair abaixo de zero, E todas as posições abertas serão fechadas para fora liquidated. Please manter-se na mente que quando a margem usable do cliente s abaixo de zero, todo o posi aberto O processo de liquidação é projetado para ser inteiramente eletrônico. Embora o recurso de chamada de margem seja projetado para fechar posições quando o saldo da conta está abaixo dos requisitos de margem, pode haver casos em que a liquidez não existe na taxa de chamada de margem exata Como Um resultado, o patrimônio da conta pode cair abaixo dos requisitos de margem no momento em que as ordens são preenchidas, até o ponto em que o patrimônio da conta se torna negativo. Isso é especialmente verdadeiro durante as folgas do mercado ou períodos voláteis A FXCM recomenda que os negociadores usem ordens Stop para limitar o risco de queda Usando uma chamada de margem como um stop. It final é fortemente aconselhado que os clientes manter o montante adequado de margem em suas contas em todos os tempos requisitos de margem pode ser alterado com base no tamanho da conta, posições abertas simultâneas, estilo de negociação, condições de mercado e na Discrição de FXCM. Metatrader 4.Por favor, note que os usuários MT4 estão sujeitos a diferentes procedimentos de chamada de margem Quando uma chamada de margem é acionar Na posição, as posições individuais serão liquidadas até que o patrimônio remanescente seja suficiente para sustentar posições existentes. Ao decidir quais posições serão individualmente liquidadas, a maior posição perdedora será fechada primeiro durante a liquidação. CATUALIZAÇÃO DO PREÇO AOS PREÇOS INDICADOS NA PLATAFORMA. É importante fazer uma distinção entre preços indicativos exibidos em gráficos e preços negociáveis ​​exibidos nas plataformas, como Trading Station e MetaTrader 4 As cotações indicativas são aquelas que oferecem uma indicação dos preços no mercado ea taxa em que eles estão mudando Estes preços são derivados de uma série de contribuintes, tais como bancos e empresas de compensação, que podem ou não reflectir onde FXCM s fornecedores de liquidez estão fazendo preços preços indicativos são geralmente muito próximos aos preços de negociação, mas eles apenas dão uma indicação de onde o mercado É executável cotações garantir uma execução mais fina e, portanto, um custo de transação reduzida Porque o mercado forex spot não tem um Por conseguinte, quaisquer preços exibidos por um fornecedor de gráficos de terceiros, que não emprega o feed de preços do fabricante do mercado, refletirão preços indicativos e não necessariamente preços de negociação reais Onde as negociações podem ser executadas. PLATAFORMAS COMERCIAIS MÓVEIS. Há uma série de riscos inerentes ao uso da tecnologia de negociação móvel, como a duplicação de instruções de encomenda, a latência nos preços fornecidos e outras questões que são resultado da conectividade móvel. Apresentados na plataforma móvel são apenas uma indicação das taxas executáveis ​​e podem não reflectir o preço real executado da ordem. O TS II móvel utiliza circuitos públicos de rede de comunicação para a transmissão de mensagens A FXCM não é responsável por todas e quaisquer circunstâncias em que Você experimenta um atraso na cotação de preços ou uma incapacidade para o comércio causado por transmissão de circuito de rede prob Problemas de transmissão incluem, mas não estão limitados à força do sinal móvel, latência celular ou quaisquer outros problemas que possam surgir entre você e qualquer provedor de serviços de internet, provedor de serviços de telefone ou qualquer outro Outro provedor de serviço. É altamente recomendável que os clientes familiarizar-se com a funcionalidade do FXCM Mobile Trading Station antes de gerenciar uma conta ao vivo via dispositivo portátil. TS MOBILE TABLET APPLICATION. FXCM s Trading Station plataforma Web foi modificado para ser executado em móveis e Tablets A plataforma móvel para dispositivos tablet é chamada de Trading Station Mobile e tem os mesmos recursos comerciais que a Trading Station Web Os mesmos riscos de conectividade descritos acima com relação ao nosso Mobile TS II se aplicam para uso com qualquer aplicativo disponibilizado para tablet trading. Dealing Desk Execução Forex Trading Riscos. HIGH RISK INVESTMENT. Trading câmbio sobre margem carrega um alto nível de risco, e ma Y não ser adequado para todos os investidores Antes de decidir negociar esses produtos oferecidos pela Forex Capital Markets, Limited FXCM você deve considerar cuidadosamente seus objetivos, situação financeira, necessidades e nível de experiência Forex Capital Markets, Limited é autorizado e regulamentado pelo Reino Unido Conduta Financeira Autoridade Número de registo FCA 217689 FXCM mantém a sua sede social na Northern and Shell Building, 10 Lower Thames Street, 8th Floor, Londres EC3R 6AD FXCM pode fornecer comentários gerais, independentemente dos seus objectivos, situação financeira ou necessidades. Este site não se destinam a ser aconselhamento pessoal e não deve ser interpretado como tal A possibilidade existe que você poderia sustentar uma perda em excesso de seus fundos depositados Você deve estar ciente de todos os riscos associados à negociação na margem FXCM recomenda que você procure aconselhamento de Um conselheiro financeiro independente. FXCM MARKET OPINIONS. Any opiniões, notícias, pesquisas, análises, preços, ou outros i As informações contidas neste website são fornecidas como comentário geral do mercado e não constituem conselho de investimento. A FXCM não se responsabiliza por qualquer perda ou dano, incluindo, sem limitação, qualquer perda de lucro que possa resultar, direta ou indiretamente, do uso ou dependência Em tais informações. INTERNET TRADING RISKS. There são riscos associados com a utilização de um negócio baseado na Internet negociação de execução do sistema, incluindo, mas não limitado a falha de hardware, software e conexão à Internet Desde FXCM não controla a potência do sinal, a sua recepção Ou roteamento via internet, configuração de seu equipamento ou confiabilidade de sua conexão, não podemos ser responsáveis ​​por falhas de comunicação, distorções ou atrasos na negociação via internet. FXCM emprega sistemas de backup e planos de contingência para minimizar a possibilidade de falha do sistema MODEL. FXCM também oferece execução forex através de um Dea Ling Modelo de execução de mesa Neste modelo, a compensação de FXCM não pode ser limitada a nossa marcação padrão e nossos interesses podem estar em conflito direto com o seu FXCM enfrenta risco de mercado como resultado de entrar em comércios com você FXCM pode tomar medidas para mitigar seu risco Decorrentes da efetivação do mercado, a nosso exclusivo critério ea qualquer momento e sem prévio consentimento, transferindo sua conta subjacente para nossa oferta de execução de NDD, a FXCM também poderá optar por transferir sua conta para nossa oferta de NDD A sua conta exceder as 20.000 unidades monetárias em que a conta é denominada O patrimônio da conta é definido como o saldo de sua conta mais o PL flutuante de suas posições em aberto. Execução e negociação de escrivão de mesa não é realizada em uma troca FXCM está agindo como uma contraparte Nestas transações e, conseqüentemente, age como o comprador quando você vende eo vendedor quando você compra Como resultado, os interesses de FXCM podem estar no conflito Com o seu A menos que especificado de outra forma no seu acordo escrito ou outros documentos escritos FXCM estabelece os preços a que oferece para negociar com você Os preços FXCM ofertas podem não ser os melhores preços disponíveis e FXCM pode oferecer preços diferentes para clientes diferentes Se FXCM opta por não Cobrir a sua própria exposição de negociação, então você deve estar ciente de que FXCM pode ganhar mais dinheiro se o mercado vai contra você. Os pares de moedas listados abaixo estão disponíveis na oferta de execução Dealing Desk FXCM não garante que cotações, preços ou spreads sempre Ser melhor em uma forma de execução em comparação com os outros Os clientes devem considerar muitos fatores ao decidir qual tipo de execução melhor se adequa às suas necessidades, por exemplo, conflito de interesses, estilo de negociação ou estratégia, etc. FXCM visa oferecer aos clientes a melhor execução disponível e Obter todos os pedidos preenchidos com a taxa solicitada No entanto, há momentos em que, devido a um aumento na volatilidade, as encomendas podem estar sujeitas a deslizamento Slip Página ocorre mais comumente durante eventos de notícias fundamentais ou períodos de alta volatilidade Instâncias como rolagem comercial 5pm EST é um período conhecido em que o montante de liquidez tende a ser limitado como muitos provedores de liquidez liquidar transações para esse dia Para obter mais informações sobre por que rollover ocorre , Consulte a seção sobre custos de rolagem. Durante períodos como esses, o tipo de pedido, quantidade demandada e instruções de ordem específicas podem ter um impacto na execução geral que você recebe. A volatilidade no mercado pode criar condições onde as ordens são difíceis de executar Por exemplo, o preço que você recebe na execução de seu pedido pode ser muitos pips longe do preço selecionado ou cotado devido ao movimento do mercado Neste cenário, o comerciante está olhando para executar a um determinado preço, mas em uma fração de segundo, por exemplo, O mercado pode ter se afastado significativamente de que o preço ordem do comerciante, em seguida, seria preenchido com o próximo preço disponível para essa ordem específica FXCM provid Es um número de tipos de ordem básica e avançada para ajudar os clientes a mitigar o risco de execução Uma maneira de mitigar o risco associado com derrapagem é utilizar o Desvio Máximo de Margem do Mercado para os usuários MT4 recurso nas plataformas FXCM s O Market Range permite aos comerciantes especificar o montante De possíveis desvios que eles estão dispostos a aceitar em uma ordem de mercado, definindo um intervalo zero indica que nenhuma derrapagem é permitida Ao selecionar zero na faixa de mercado, o comerciante está pedindo sua ordem para ser executado apenas ao preço selecionado ou cotado, não qualquer Outro preço Os comerciantes podem optar por aceitar um intervalo mais amplo de deslizamento permitido para aumentar a probabilidade de ter sua ordem s executada Neste cenário, a ordem será preenchida com o melhor preço disponível dentro do intervalo especificado Por exemplo, um cliente pode indicar que ele está Disposto a ser preenchido dentro de 2 pips de seu pedido pedido preço O sistema, em seguida, encher o cliente dentro do intervalo aceitável, neste caso, 2 pips se suficiente Se a ordem não puder ser preenchida dentro da faixa especificada, a ordem não será preenchida Por favor, note que as ordens de intervalo de mercado especificam apenas uma faixa negativa Se uma taxa mais preferencial estiver disponível no momento da execução, os comerciantes não são limitados pela especificada Intervalo para a quantidade de melhoria positiva do preço que podem receber. Além disso, quando disparado, as ordens do batente se tornam uma ordem do mercado disponível para a execução no preço de mercado disponível seguinte Ordens de parada garantem a execução mas não garantem um price. When negociando Forex através de FXCM s FXCM está fornecendo toda a liquidez para todos os preços de moeda corrente que estende a seus clientes ao negociar como a contraparte FXCM é capaz de fazer a execução automática disponível limitando o tamanho máximo do comércio de todas as ordens A 2 milhões por trade. DELAYS IN EXECUTION. A atraso na execução pode ocorrer usando um modelo de mesa de negociação por várias razões, tais como t Problemas técnicos com a conexão de internet do comerciante com a FXCM ou por falta de liquidez disponível para o par de moedas que o trader está tentando negociar Devido à volatilidade inerente nos mercados, é imperativo que os comerciantes tenham uma conexão de internet funcional e confiável Existem circunstâncias Quando a conexão de internet pessoal do comerciante não pode manter uma conexão constante com os servidores FXCM devido à falta de intensidade de sinal de uma conexão sem fio ou dialup Uma perturbação no caminho de conexão às vezes pode interromper o sinal e desativar o FXCM Trading Station, causando Atrasos na transmissão de dados entre a estação de negociação eo servidor FXCM Uma forma de verificar a sua conexão de internet com o servidor FXCMs é fazer o ping do servidor a partir de seu computer. TIMEFRAME COMPLEÇÃO DE TRANSACTION. FXCM se esforça para processar ordens dentro de milissegundos no entanto, não há Tempo exato para o processamento de pedidos. FUNCIONAMENTO DA TRANSACÇÃO. Quando um cliente faz uma CM first verifies the account for sufficient margin The order is then matched against quotes from liquidity providers A hedge order is then sent to the liquidity provider for execution Finally, the client s order is filled and open closed positions are updated. EXCEPTIONS COMPLETION OF TRANSACTION. There may be exceptions to the typical transaction, such as delays due to abnormal order processing or malfunctions with internal or external processes In such cases, FXCM notifies clients as quickly as possible, depending on the complexity of the issue. FXCM s objective is to notify customers about these types of exceptions as quickly as possible, but the time for notification sometimes depends on the complexity of the issue under review. Trading station If abnormal market order processing occurs, the order will be highlighted in red, and the status column will indicate executed or processing, in the orders window In these instances, the order is in the process of being executed, but is pending until FXCM receives confirmation from the liquidity provider that the quoted prices are still available During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity providers in confirming certain orders. Metatrader 4 mt4 If abnormal market order processing occurs, the order window would remain open on the trading platform and reflect processing error In these instances, the order is in the process of being executed, but is pending until FXCM receives confirmation from the liquidity provider that the quoted prices are still available During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity providers in confirming certain orders. RESET ORDERS. Market volatility creates conditions that make it difficult to execute orders a t the given price due to an extremely high volume of orders By the time orders are able to be executed, the bid ask price at which FXCM s Trading Desk is willing to take a position may be several pips away. In cases where the liquidity pool is not large enough to fill a Market Range order, the order will not be executed For Limit Entry or Limit orders, the order would not be executed but instead reset until the order can be filled Remember, both Limit Entry and Limit orders guarantee price but do not guarantee execution Depending on the underlying trading strategy and the underlying market conditions traders may be more concerned with execution versus the price received. WIDENED SPREADS. There may be instances when spreads widen beyond the typical spread Spreads are a function of market liquidity and in periods of limited liquidity, at market open, or during rollover at 5 00 PM ET, spreads may widen in response to uncertainty in the direction of prices or to an uptick in market volatility , or lack of market liquidity It is not uncommon to see spreads widen particularly around rollover Trade rollover is typically a very quiet period in the market, since the business day in New York has just ended, and there are still a few hours before the new business day begins in Tokyo Being cognizant of these patterns and taking them into consideration while trading with open orders or placing new trades around these times can improve your trading experience This may occur during news events and spreads may widen substantially in order to compensate for the tremendous amount of volatility in the market The widened spreads may only last a few seconds or as long as a few minutes FXCM strongly encourages traders to utilize caution when trading around news events and always be aware of their account equity, usable margin and market exposure Widened spreads can adversely affect all positions in an account including hedged positions discussed below. HANGING ORDERS. During periods of high vo lume, hanging orders may occur This is a condition where an order is in the process of executing but execution has not yet been confirmed The order will be highlighted in red, and the status column will indicate executed or processing, in the orders window In these instances, the order is in the process of being executed, but is pending During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay in confirming certain orders. Depending on the type of order placed, outcomes may vary In the case of a Market Range order that cannot be filled within the specified range, or if the delay has passed, the order will not be executed In the case of an At Market order, every attempt will be made to fill the order at the next available price in the market In both situations, the status column in the orders window will typically indicate executed or processing The trade will simply take a few moments to move to the open positions window Depending upon the order type, the position may in fact have been executed, and the delay is simply due to heavy internet traffic. Keep in mind that it is only necessary to enter any order once Multiple entries for the same order may slow or lock your computer or inadvertently open unwanted positions. If at any time you are unable to access the FXCM Trading Station to manage your account, you may call the Trading Desk directly at 1 212-201-7300 View a full list of international contact numbers. GREYED OUT PRICING. Greyed out pricing is a condition that occurs when FXCM s Trading Desk is not actively making a market for particular currency pairs and liquidity therefore decreases FXCM does not intentionally grey out prices however, at times, a severe increase in the difference of the spread may occur due to an announcement that has a dramatic effect on the market that limits liquidity Such greying out of prices or increased spreads may resu lt in margin calls on a traders account When an order is placed on a currency pair affected by greyed out prices, the P L will temporarily flash to zero until the pair has a tradable price and the system can calculate the P L balance. The ability to hedge allows a trader to hold both buy and sell positions in the same currency pair simultaneously Traders have the ability to enter the market without choosing a particular direction for a currency pair Although hedging may mitigate or limit future losses it does not prevent the account from being subjected to further losses altogether In the forex market a trader is able to fully hedge by quantity but not by price This is because of the difference between the buy and sell prices, or the spread Effective, 02 December 2012, FXCM traders will be required to put up margin for one side the larger side of a hedged position Margin requirements can be monitored at all times in the simple dealing rates window While the ability to hedge is an appeal ing feature, traders should be aware of the following factors that may affect hedged positions. DIMINISHING MARGIN. A margin call may occur even when an account is fully hedged, since spreads may widen, causing the remaining margin in the account to diminish Should the remaining margin be insufficient to maintain any open positions, the account may sustain a margin call, closing out any open positions in the account Although maintaining a long and short position may give the trader the impression that his exposure to the market s movement is limited, if insufficient available margin exists and spreads widen for any period of time, it may certainly result in a margin call on all positions. ROLLOVER COSTS. Rollover is the simultaneous closing and opening of a position at a particular point during the day in order to avoid the settlement and delivery of the purchased currency This term also refers to the interest either charged or applied to a trader s account for positions held overnight, me aning after 5 p m ET on FXCM s Platforms The time at which positions are closed and reopened, and the rollover fee is debited or credited, is commonly referred to as Trade Rollover TRO It is important to note that rollover charges will be higher than rollover accruals When all positions are hedged in an account, although the overall net position may be flat, the account can still sustain losses due to the spread that occurs at the time rollover occurs Spreads during rollover may be wider when compared to other time periods because of FXCM s Trading Desk momentarily coming offline to settle the day s transactions. EXCHANGE RATE FLUCTUATIONS PIP COSTS. Exchange rate fluctuations, or pip costs, are defined as the value given to a pip movement for a particular currency pair This cost is the currency amount that will be gained or lost with each pip movement of the currency pair s rate and will be denominated in the currency denomination of the account in which the pair is being traded On the FXCM Platforms, the pip cost for all currency pairs can be found by selecting View, followed by Dealing Views, and then by clicking Simple Rates to apply the checkmark next to it If Simple Rates already has a check mark next to it, viewing the dealing rates in the simple view is as easy as clicking the Simple Dealing Rates tab in the dealing rates window Once visible, the simple rates view will display the pip cost on the right-hand side of the window. INVERTED SPREADS. When trading Forex with FXCM s dealing desk execution model, all quotable prices are provided by our Trading Desk FXCM s Trading Desk may rely on various third party sources for the prices that it makes available to clients In the event that a manifest misquoted price is provided to us from a source that we generally rely on, all trades executed on that manifest misquoted price may be revoked, as the manifest misquoted price is not representative of genuine market activity These manifest misquoted prices can lead to an in version in the spread. HOLIDAY WEEKEND EXECUTION. TRADING DESK HOURS. The trading desk opens on Sundays between 5 00 PM ET and 5 15 PM ET The trading desk closes on Fridays at 4 55 PM ET Please note that orders placed prior may be filled until 5 00 p m ET and that traders placing trades between 4 55 p m and 5 00 p m ET may be unable to cancel orders pending execution In the event that a Market GTC Order is submitted right at market close, the possibility exists that it may not be executed until Sunday market open Please use caution when trading around Friday s market close and factor all the information described above into any trading decision The open or close times may be altered by the Trading Desk because it relies on prices being offered by third party sources Outside of these hours, most of the major world banks and financial centres are closed The lack of liquidity and volume during the weekend impedes execution and price delivery. PRICES UPDATING BEFORE THE OPEN. Shortly prior to t he open, the Trading Desk refreshes rates to reflect current market pricing in preparation for the open At this time, trades and orders held over the weekend are subject to execution Quotes during this time are not executable for new market orders After the open, traders may place new trades, and cancel or modify existing orders. Sunday s opening prices may or may not be the same as Friday s closing prices At times, the prices on the Sunday open are near where the prices were on the Friday close At other times, there may be a significant difference between Friday s close and Sunday s open The market may gap if there is a significant news announcement or an economic event changing how the market views the value of a currency Traders holding positions or orders over the weekend should be fully comfortable with the potential of the market to gap. ORDER EXECUTION. Limit orders are often filled at the requested price or better If the price requested or a better price is not available in the ma rket, the order will not be filled If the requested price of a Stop order is reached at the open of the market on Sunday, the order will become a Market order Limit Entry orders are filled the same way as Limit orders Stop Entry orders are filled the same way as Stops. WEEKEND RISK. Traders who fear that the markets may be extremely volatile over the weekend, that gapping may occur, or that the potential for weekend risk is not appropriate for their trading style, may simply close out orders and positions ahead of the weekend It is imperative that traders who hold open positions over the weekend understand that the potential exists for major economic events and news announcements to affect the value of your underlying positions Given the volatility expressed in the markets it is not uncommon for prices to be a number of pips away on market open from market close We encourage all traders to take this into consideration before making a trading decision. MARGIN CALLS AND CLOSE OUTS. Margin ca lls are triggered when your usable margin falls below zero This occurs when your floating losses reduce your account equity to a level that is less than your margin requirement Therefore, the result of any margin call is subsequent liquidation unless otherwise specified. The idea of margin trading is that your margin acts as a good faith deposit to secure the larger notional value of your position Margin trading allows traders to hold a position much larger than the actual account value FXCM s Trading Station has margin management capabilities, which allow for the use of leverage Of course, trading on margin comes with risk as leverage may work against you as much as it works for you If account equity falls below margin requirements, the FXCM Trading Station will trigger an order to close all open positions When positions have been over-leveraged or trading losses are incurred to the point that insufficient equity exists to maintain current open positions and the account s usable margin falls below zero, a margin call will result and all open positions will be closed out liquidated. Please keep in mind that when the account s usable margin falls below zero, all open positions are triggered to close The liquidation process is designed to be entirely electronic. Although the margin call feature is designed to close positions when account equity falls below the margin requirements, there may be instances when liquidity does not exist at the exact margin call rate As a result, account equity can fall below margin requirements at the time orders are filled, even to the point where account equity becomes negative FXCM recommends that traders use Stop orders to limit downside risk in lieu of using a margin call as a final stop. It is strongly advised that clients maintain the appropriate amount of margin in their accounts at all times Margin requirements may be changed based on account size, simultaneous open positions, trading style, market conditions, and at the discretion o f FXCM. METATRADER 4.Please note that MT4 users are subject to different margin call procedures When a margin call is triggered on the account individual positions will be liquidated until the remaining equity is sufficient to support existing position s In deciding what positions will be individually liquidated the largest losing position will be closed first during liquidation. CHART PRICING VS PRICES DISPLAYED ON THE PLATFORM. It is important to make a distinction between indicative prices displayed on charts and dealable prices displayed on the platforms, such as Trading Station and MetaTrader 4 Indicative quotes are those that offer an indication of the prices in the market, and the rate at which they are changing These prices are derived from a host of contributors such as banks and clearing firms, which may or may not reflect where FXCM s liquidity providers are making prices Indicative prices are usually very close to dealing prices, but they only give an indication of where the m arket is Executable quotes ensure finer execution and thus a reduced transaction cost Because the spot forex market lacks a single central exchange where all transactions are conducted, each forex dealer may quote slightly different prices Therefore, any prices displayed by a third party charting provider, which does not employ the market maker s price feed, will reflect indicative prices and not necessarily actual dealing prices where trades can be executed. MOBILE TRADING PLATFORMS. There are a series of inherent risks with the use of the mobile trading technology such as the duplication of order instructions, latency in the prices provided, and other issues that are a result of mobile connectivity Prices displayed on the mobile platform are solely an indication of the executable rates and may not reflect the actual executed price of the order. Mobile TS II utilizes public communication network circuits for the transmission of messages FXCM shall not be liable for any and all circumstan ces in which you experience a delay in price quotation or an inability to trade caused by network circuit transmission problems or any other problems outside the direct control of FXCM Transmission problems include but are not limited to the strength of the mobile signal, cellular latency, or any other issues that may arise between you and any internet service provider, phone service provider, or any other service provider. It is strongly recommended that clients familiarise themselves with the functionality of the FXCM Mobile Trading Station prior to managing a live account via portable device. TS MOBILE TABLET APPLICATION. FXCM s Trading Station Web platform has been modified to run on mobile and tablet devices The mobile platform for tablets is called Trading Station Mobile and has the same trading features as Trading Station Web The same connectivity risks described above regarding our Mobile TS II apply to use with any application made available for tablet trading. CFD Execution. HIGH RISK INVESTMENT. Trading Contracts for Difference CFD S on margin carries a high level of risk, and may not be suitable for all investors Before deciding to trade these products offered by Forex Capital Markets, Limited FXCM you should carefully consider your objectives, financial situation, needs and level of experience Forex Capital Markets, Limited is authorised and regulated by the UK Financial Conduct Authority FCA Registration No 217689 FXCM maintains its registered office at Northern and Shell Building, 10 Lower Thames Street, 8th Floor, London EC3R 6AD FXCM may provide general commentary without regard to your objectives, financial situation or needs General advice given, or the content of this website are not intended to be personal advice and should not be construed as such The possibility exists that you could sustain a loss in excess of your deposited funds You should be aware of all the risks associated with trading on margin FXCM recommends you seek advice from an independ ent financial advisor. FXCM MARKET OPINIONS. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. INTERNET TRADING RISKS. There are risks associated with utilising an internet-based deal-execution trading system including, but not limited to, the failure of hardware, software, and internet connection Since FXCM does not control signal power, its reception or routing via the internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the internet FXCM employs backup systems and contingency plans to minimise the possibility of system failure, which includes allowing clients to trade via telephone. CFD EXECUTION MODEL. Contract for Difference products are generally subject to dealing desk execution FXCM reserves the right to switch a client s execution to No Dealing Desk without prior consent from client, for any reason, including but not limited to, the product being traded, trading style of client, or volume traded FXCM does not generally execute CFD orders with an external counterparty FXCM is the final counterparty for most CFD positions which you undertake Please note that as the final counterparty FXCM may receive compensation beyond our standard fixed mark-up FXCM makes prices for the CFD instruments it offers to its clients Although these prices may be indicative of the underlying market for the product being traded, they do not represent the actual prices of the underlying asset on the physical market or exchange where it is listed. As dealer, FXCM accumulates exposure for the products we deal to you As such, FXCM may take steps to mitigate risk acc umulated during the market making process Therefore, FXCM provides automatic execution of all orders submitted for execution up to a certain amount In the event that you exhibit behaviours that prevent FXCM from mitigating exposure, we may, in our sole discretion remove you from participation of auto execution Removal from auto execution means that each order will be confirmed by a dealer before it is processed to ensure that we are able to mitigate any market risk. In the case that FXCM provides execution for CFD s through a straight through processing, or No Dealing Desk execution model, FXCM passes on to its clients the best prices that are provided by one of FXCM s liquidity providers with a fixed mark-up for each product In this model, FXCM does not act as a market marker and is reliant on liquidity providers for pricing and there are certain limitations to liquidity that can affect the final execution of your order. For more information on the CFD execution model, read the CFD FAQs. FXCM aims to provide clients with the best execution available and to get all orders filled at the requested rate However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage Slippage most commonly occurs during fundamental news events or periods of limited liquidity Instances such as trade rollover 5pm EST is a known period in which the amount of liquidity tends to be limited as many liquidity providers settle transactions for that day For more information on why rollover occurs, see the section on Rollover Costs During periods such as these, your order type, quantity demanded, and specific order instructions can have an impact on the overall execution you receive. Examples of specific order instructions include. Good Til Cancelled GTC Orders - Your entire order will be filled at the next available price s at the time it is received. Immediate or Cancel IOC Orders - All or part of your order will be filled at the next available price with the remaining amount cancelled should liquidity not exist to fill your order immediately. Fill or Kill FOK Orders - The order must be filled in its entirety or not at all. The volatility in the market may create conditions where orders are difficult to execute For instance, the price you receive in the execution of your order might be many pips away from the selected or quoted price due to market movement In this scenario, the trader is looking to execute at a certain price but in a split second, for example, the market may have moved significantly away from that price The trader s order would then be filled at the next price available price for that specific order Similarly, given FXCM s models for execution, sufficient liquidity must exist to execute all trades at any price. FXCM provides a number of basic and advanced order types to help clients mitigate execution risk One way to mitigate the risk associated with slippage is to utilize the Market Range Max Deviation for MT4 users featu re on FXCM s Platforms The Market Range feature allows traders to specify the amount of potential slippage they are willing to accept on a market order by defining a range Zero indicates that no slippage is permitted By selecting zero on the Market Range, the trader is requesting his order to be executed only at the selected or quoted price, not any other price Traders may elect to accept a wider range of permissible slippage to raise the probability of having their order s executed In this scenario the order will be filled at the best price available within the specified range For instance, a client may indicate that he is willing to be filled within 2 pips of his requested order price The system would then fill the client within the acceptable range in this instance, 2 pips if sufficient liquidity exists If the order cannot be filled within the specified range, the order will not be filled Please note, Market Range orders specify a negative range only If a more preferential rate is a vailable at the time of execution traders are not limited by the specified range for the amount of positive price improvement they can receive. Additionally, when triggered, stop orders become a market order available for execution at the next available market price Stop orders guarantee execution but do not guarantee a particular price Therefore, stop orders may incur slippage depending on market conditions. When trading Forex via FXCM s dealing desk execution model, FXCM is the final counterparty to these transactions Therefore, FXCM is providing all liquidity for all currency prices it extends to its clients while dealing as counterparty FXCM is able to make auto execution available by limiting the max trade size of all orders to 2 million per trade. In addition to the order type, a trader must consider the availability of the instrument prior to making any trading decision As in all financial markets, some instruments within that market will have greater depth of liquidity than others Ample liquidity allows the trader to seamlessly enter or exit positions, near immediacy of execution, and minimal slippage during normal market conditions However, certain products have more liquid markets than others. DELAYS IN EXECUTION. A delay in execution may occur for various reasons, such as technical issues with the trader s internet connection to FXCM or by a lack of available liquidity for the instrument that the trader is attempting to trade Due to inherent volatility in the markets, it is imperative that traders have a working and reliable internet connection There are circumstances when the trader s personal internet connection may not be maintaining a constant connection with the FXCM servers due to a lack of signal strength from a wireless or dialup connection A disturbance in the connection path can sometimes interrupt the signal and disable the FXCM Trading Station, causing delays in the transmission of data between the trading station and the FXCM server One way to che ck your internet connection with FXCMs server is to ping the server from your computer. TIMEFRAME COMPLETION OF TRANSACTION. FXCM endeavours to process orders within milliseconds however, there is no exact time frame for order processing. STAGES COMPLETION OF TRANSACTION. With DD Execution, when a client makes an order, FXCM can match against quotes from liquidity providers A hedge order can be sent to the liquidity provider for execution Finally, the client s order is filled and open closed positions are updated. With DD Execution, FXCM can hedge an order against current exposure or fill it in with our own liquidity book. EXCEPTIONS COMPLETION OF TRANSACTION. There may be exceptions to the typical transaction, such as delays due to abnormal order processing or malfunctions with internal or external processes In such cases, FXCM notifies clients as quickly as possible, depending on the complexity of the issue. FXCM s objective is to notify customers about these types of exceptions as quickly a s possible, but the time for notification sometimes depends on the complexity of the issue under review. Trading station If abnormal market order processing occurs, the order will be highlighted in red, and the status column will indicate executed or processing, in the orders window In these instances, the order is in the process of being executed, but is pending until FXCM receives confirmation from the liquidity provider that the quoted prices are still available During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity providers in confirming certain orders. Metatrader 4 mt4 If abnormal market order processing occurs, the order window would remain open on the trading platform and reflect processing error In these instances, the order is in the process of being executed, but is pending until FXCM receives confirmation from the liquidity provider that the quoted prices are still available During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity providers in confirming certain orders. RESET ORDERS. Market volatility creates conditions that make it difficult to execute orders at the given price due to an extremely high volume of orders By the time orders are able to be executed, the bid ask price may be several pips away. There may be cases where a Market Range order is not executed due to a lack of liquidity or the inability to act as counterparty to your trade For Limit Entry or Limit orders, the order would not be executed but instead reset until the order can be filled Remember, both Limit Entry and Limit orders guarantee price but do not guarantee execution Depending on the underlying trading strategy and the underlying market conditions traders may be more concerned with execution versus the pric e received. Depending on the type of order placed, outcomes may vary In the case of a Market Range order that cannot be filled within the specified range, or if the delay has passed, the order will not be executed In the case of an At Market order, every attempt will be made to fill the order at the next available price in the market In both situations, the status column in the orders window will typically indicate executed or processing The trade will simply take a few moments to move to the open positions window Depending upon the order type, the position may in fact have been executed, and the delay is simply due to heavy internet traffic. Keep in mind that it is only necessary to enter any order once Multiple entries for the same order may slow or lock your computer or inadvertently open unwanted positions. If at any time you are unable to access the FXCM Trading Station to manage your account, you may call the Trading Desk directly at 1 212-201-7300 View a full list of international contact numbers. GREYED OUT PRICING. Greyed out pricing is a condition that occurs when FXCM s Trading Desk or liquidity provider that supplies pricing to FXCM is not actively making a market for particular instruments and liquidity therefore decreases FXCM does not intentionally grey out prices however, at times, a severe increase in the difference of the spread may occur due to an announcement that has a dramatic effect on the market that limits liquidity Such greying out of prices or increased spreads may result in margin calls on a traders account When an order is placed on an instrument affected by greyed out prices, the P L will temporarily flash to zero until the pair has a tradable price and the system can calculate the P L balance. The ability to hedge allows a trader to hold both buy and sell positions in the same instrument simultaneously Traders have the ability to enter the market without choosing a particular direction Although hedging may mitigate or limit future losses it does not prevent the account from being subjected to further losses altogether FXCM traders are required to put up margin for one side the larger side of a hedged position Margin requirements can be monitored at all times in the simple dealing rates window While the ability to hedge is an appealing feature, traders should be aware of the following factors that may affect hedged positions. DIMINISHING MARGIN. A margin call may occur even when an account is fully hedged, since spreads may widen, causing the remaining margin in the account to diminish Should the remaining margin be insufficient to maintain any open positions, the account may sustain a margin call, closing out any open positions in the account Although maintaining a long and short position may give the trader the impression that his exposure to the market s movement is limited, if insufficient available margin exists and spreads widen for any period of time, it may certainly result in a margin call on all positions. ROLLOVER COSTS. Rollover is the simultaneous closing and opening of a position at a particular point during the day in order to avoid the settlement and delivery of the purchased currency This term also refers to the interest either charged or applied to a trader s account for positions held overnight, meaning after 5 p m ET on FXCM s Platforms The time at which positions are closed and reopened, and the rollover fee is debited or credited, is commonly referred to as Trade Rollover TRO It is important to note that rollover charges will be higher than rollover accruals When all positions are hedged in an account, although the overall net position may be flat, the account can still sustain losses due to the spread that occurs at the time rollover occurs Spreads during rollover may be wider when compared to other time periods because of FXCM s Trading Desk or liquidity providers momentarily coming offline to settle the day s transactions. EXCHANGE RATE FLUCTUATIONS PIP COSTS. Exchange rate fluctuatio ns, or pip costs, are defined as the value given to a pip movement for a particular instrument This cost is the currency amount that will be gained or lost with each pip movement of the instrument s rate and will be denominated in the currency denomination of the account in which the pair is being traded On the FXCM Platforms, the pip cost can be found by selecting View, followed by Dealing Views, and then by clicking Simple Rates to apply the checkmark next to it If Simple Rates already has a check mark next to it, viewing the dealing rates in the simple view is as easy as clicking the Simple Dealing Rates tab in the dealing rates window Once visible, the simple rates view will display the pip cost on the right-hand side of the window. INVERTED SPREADS. FXCM s Trading Desk may rely on various third party sources for the prices that it makes available to clients In the event that a manifest misquoted price is provided to us from a source that we generally rely, all trades executed on tha t manifest misquoted price may be revoked, as the manifest misquoted price is not representative of genuine market activity These manifest misquoted prices can lead to an inversion in the spread. HOLIDAY WEEKEND EXECUTION. TRADING DESK HOURS. The hours for each CFD are determined by FXCM s Trading Desk based on the schedule for trading on the exchange for the underlying market, commodity, or asset. Please refer to the CFD Product Guide for specific hours for each instrument. FXCM aims to open markets as close to the posted trading hours as possible However, liquidity at or around market open close for any CFD instrument can be very thin FXCM may delay market open on specific instruments by several minutes to protect clients from quoted prices that are not representative of the true market price Traders are advised to use extreme caution during these periods and to utilize FXCM s basic and advanced orders types to mitigate execution risk Based on the illiquidity illustrated during these time periods traders using market orders can experience slippage, or gapping in prices that can have a material impact on your final execution price. PRICES UPDATING BEFORE THE OPEN. Shortly prior to the open, the Trading Desk refreshes rates to reflect current market pricing in preparation for the open At this time, trades and orders held over the weekend are subject to execution Quotes during this time are not executable for new market orders After the open, traders may place new trades, and cancel or modify existing orders. There is a substantial risk that stop-loss orders left to protect open positions held overnight may be executed at levels significantly worse than their specified pricemensurate with the opening closing of the market for the underlying instrument, CFD traders may experience gaps in market prices Due to the volatility expressed during these time periods, trading at the open or at the close, can involve additional risk and must be factored into any trading decision These time periods are specifically mentioned because they are associated with the lowest levels of market liquidity and can be followed by significant movements in prices for both the CFD, and the underlying instrument. ORDER EXECUTION. Limit orders are often filled at the requested price or better If the price requested or a better price is not available in the market, the order will not be filled If the requested price of a Stop order is reached at the open of the market on Sunday, the order will become a Market order Limit Entry orders are filled the same way as Limit orders Stop Entry orders are filled the same way as Stops. WEEKEND RISK. Traders who fear that the markets may be extremely volatile over the weekend, that gapping may occur, or that the potential for weekend risk is not appropriate for their trading style, may simply close out orders and positions ahead of the weekend It is imperative that traders who hold open positions over the weekend understand that the potential exists fo r major economic events and news announcements to affect the value of your underlying positions Given the volatility expressed in the markets it is not uncommon for prices to be a number of pips away on market open from market close We encourage all traders to take this into consideration before making a trading decision. MARGIN CALLS AND CLOSE OUTS. Margin calls are triggered when your usable margin falls below zero This occurs when your floating losses reduce your account equity to a level that is less than your margin requirement Therefore, the result of any margin call is subsequent liquidation unless otherwise specified. FXCM process all liquidations for CFD products automatically Open and close times for the underlying reference market are determined by the exchange, or third party execution venue, and not by FXCM If the client s liquidation event is triggered during the period when the underlying reference market is closed, it may be necessary for the FXCM Trading Desk to wait unti l the underlying reference market re-opens before liquidation of the CFD positions can be finalized Depending on market conditions, this could mean that the final price the client receives is a significant number of points away from the price that triggered the client s liquidation If the clients account contains open positions for both CFD and forex at the time liquidation is triggered it is possible that only the client s forex positions will be liquidated This would only occur in situations where the underlying reference market for the client s CFD positions is closed, and the liquidation of the client s forex positions satisfies the liquidation requirement. METATRADER 4.Please note that MT4 users are subject to different margin call procedures When a margin call is triggered on the account individual positions will be liquidated until the remaining equity is sufficient to support existing position s In deciding what positions will be individually liquidated the largest losing positi on will be closed first during liquidation. CHART PRICING VS PRICES DISPLAYED ON THE PLATFORM. It is important to make a distinction between indicative prices displayed on charts and dealable prices displayed on the platforms, such as Trading Station and MetaTrader 4 Indicative quotes are those that offer an indication of the prices in the market, and the rate at which they are changing These prices are derived from a host of contributors such as banks and clearing firms, which may or may not reflect where FXCM s liquidity providers are making prices Indicative prices are usually very close to dealing prices, but they only give an indication of where the market is Executable quotes ensure finer execution and thus a reduced transaction cost Because the spot forex market lacks a single central exchange where all transactions are conducted, each forex dealer may quote slightly different prices Therefore, any prices displayed by a third party charting provider, which does not employ the mark et maker s price feed, will reflect indicative prices and not necessarily actual dealing prices where trades can be executed. MOBILE TRADING PLATFORMS. There are a series of inherent risks with the use of the mobile trading technology such as the duplication of order instructions, latency in the prices provided, and other issues that are a result of mobile connectivity Prices displayed on the mobile platform are solely an indication of the executable rates and may not reflect the actual executed price of the order. Mobile TS II utilizes public communication network circuits for the transmission of messages FXCM shall not be liable for any and all circumstances in which you experience a delay in price quotation or an inability to trade caused by network circuit transmission problems or any other problems outside the direct control of FXCM Transmission problems include but are not limited to the strength of the mobile signal, cellular latency, or any other issues that may arise between you and any internet service provider, phone service provider, or any other service provider. Please note some features of the FXCM Trading Station will not be available on the FXCM Mobile Trading Station Key differences include, but are not limited to, charting packages, daily interest rolls will not appear, and the maintenance margin requirement per financial instrument will not be available It is strongly recommended that clients familiarise themselves with the functionality of the FXCM Mobile Trading Station prior to managing a live account via portable device. TS MOBILE TABLET APPLICATION. FXCM s Trading Station Web platform has been modified to run on mobile and tablet devices The mobile platform is called Trading Station Mobile With the exception of OCO orders one-cancels-other , Trading Station Mobile for tablet devices has the same trading features as Trading Station Web The same connectivity risks described above regarding our Mobile TS II apply to use with any application made avai lable for tablet trading. FXCM MetaTrader 4 Execution. Individuals should review the information below carefully which details the differences regarding execution, trading features, and platform settings specific to the FXCM MT4 platform. Trade Execution. Orders to open and close trades, as well as take profit TP orders execute Fill or Kill These orders only execute if they can fill in their entirety at the requested price These orders cannot be broken up and filled at multiple prices. In the event that sufficient liquidity is not immediately available to execute a Fill or Kill order in its entirety, execution ceases. Stop Loss SL orders, and orders submitted due to margin call do not execute Fill or Kill These orders do fill in their entirety at the same price however, execution will not cease if sufficient liquidity is not immediately available Execution will continue until a price becomes available to fill the entire order. The maximum number of open orders is capped at 500 individual orde rs per account This restriction includes both open orders and pending orders The MT4 platform will display an error message if traders attempt to open more than 500 individual orders Stop Losses and Take Profits are exempt from this restriction. Margin Call. The margin call policy for FXCM MetaTrader 4 accounts is different from all other FXCM accounts When a margin call occurs, trades will be closed one by one until Free Margin is greater than zero. Interest rates are not displayed on the MetaTrader 4 Platform however, traders will pay or accrue interest in accordance with the current FXCM rates To obtain the rollover rates traders can view them on the FXCM Trading Station II platform or call FXCM customer service for current rates Please be advised that interest rates are provided to FXCM by multiple liquidity providers Every effort is made to display rollover rates one day in advance on the FXCM Trading Station II However, during times of extreme market volatility, rates may change int raday. Any positions that are open at 5 p m ET sharp are considered to be held overnight, and are subject to rollover A position opened at 5 01 p m is not subject to rollover until the next day, while a position opened at 4 59 p m is subject to rollover at 5 p m ET. Expert Advisor. Expert Advisor s EA are automated trading tools that can perform all or part of a trading strategy While FXCM offers proprietary EAs, there are others developed by third parties FXCM does not vouch for the accuracy or reliability provided by the EAs not in its control Traders utilizing an EA do so at their own risk Additionally, many EA s employ the use of micro lots and do not account for fractional pip pricing On the FXCM MetaTrader 4 platform the smallest lot size increment is 1k and fractional pips are used Prior to trading, please contact your EA provider to discuss the lot sizes used in the program and any potential issues that may arise from fractional pip pricing. Max Deviation. With FXCM MetaTrader 4, al l orders execute using instant execution This MetaTrader 4 execution type enables the maximum deviation max deviation feature. The maximum deviation feature was designed to control slippage - both negative and positive - in the following way When creating an order, a number is specified in tenths of a pip 0 in the max deviation field This number is the maximum amount of slippage the order can receive If the market price moves beyond this amount while the order is executing, the order will cancel automatically This is how the maximum deviation feature was designed to function. FXCM trading policy allows for unlimited positive slippage on all order types Therefore, FXCM has developed a way to override the restriction that the maximum deviation feature places on positive slippage All orders placed on the FXCM MetaTrader 4 platform fill with the greatest amount of positive slippage possible. In the event that an order fills with positive slippage beyond the maximum deviation the platform logs a message in the Journal tab The message has the following format - Positive Slippage - is the positive slippage the order received beyond the maximum deviation. If the market price moves negatively beyond the maximum deviation, the order cancels automatically When this occurs, an Off Quotes message is displayed This is a standard MetaTrader 4 message notifying the user that an order canceled because the market price deviated beyond the order setting. Please note dependent upon market conditions, a lower maximum deviation amount can increase the likelihood that an order will be rejected due to the market price moving outside of the maximum deviation. Pending Orders. You cannot use a pending order to close a trade or a portion of it Pending orders can only be used to open new trades For example, assume that an account is long 0 2 EUR USD A trader then creates a pending order to sell 0 1 EUR USD If the pending order price is reached, the order will trigger for execution However, because the pending order is attempting to trade in the opposite direction of the existing long trade, the pending order will automatically cancel, leaving the long trade unaffected. When closing a trade, MetaTrader 4 users can use stop loss and take profit orders as an alternative to pending orders. Cross-Platform Compatibility. FXCM MetaTrader 4 login credentials grant a user with access to the FXCM Trading Station platforms Therefore, FXCM MetaTrader 4 account holders can place and manage trades and orders through the FXCM Trading Station platforms Account details for retail clients e g orders, trades, P L, margin, equity will match on all of these platforms and their statement of records However, please note that some functionality available on the FXCM Trading Station platforms may not be available on the FXCM MetaTrader 4 platform. FXCM MetaTrader 4.FXCM MetaTrader 4 allows for order sizes up to 50 million per trade Traders have the ability to trade incremental sizes multiple orders of 50 milli on for the same pair The FXCM MetaTrader 4 Platform does not show pip costs The potential exists for variations in pricing displayed between servers These differences do not have an impact on prices available for execution but can impact the prices used to trigger resting orders. FXCM MetaTrader 4 Server Information. Under rare circumstances it may be necessary to type in a server address when logging into FXCM MetaTrader 4 A list of FXCM s MT4 server names and addresses has been provided below So long as you download FXCM MetaTrader 4 here and install it on your computer or VPS, you will not need these server addresses. If you need to enter the server address when logging in, be sure to use the one that corresponds to the server name that your account is assigned to As an example, if your account s server name is MT4USDREAL01, you would use. TIMEFRAME COMPLETION OF TRANSACTION. FXCM endeavours to process orders within milliseconds however, there is no exact time frame for order processing. STAGES COMPLETION OF TRANSACTION. With DD Execution, when a client makes an order, FXCM can match against quotes from liquidity providers A hedge order can be sent to the liquidity provider for execution Finally, the client s order is filled and open closed positions are updated. With DD Execution, FXCM can hedge an order against current exposure or fill it in with our own liquidity book. EXCEPTIONS COMPLETION OF TRANSACTION. There may be exceptions to the typical transaction, such as delays due to abnormal order processing or malfunctions with internal or external processes In such cases, FXCM notifies clients as quickly as possible, depending on the complexity of the issue. FXCM s objective is to notify customers about these types of exceptions as quickly as possible, but the time for notification sometimes depends on the complexity of the issue under review. Trading station If abnormal market order processing occurs, the order will be highlighted in red, and the status column will indicat e executed or processing, in the orders window In these instances, the order is in the process of being executed, but is pending until FXCM receives confirmation from the liquidity provider that the quoted prices are still available During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity providers in confirming certain orders. Metatrader 4 mt4 If abnormal market order processing occurs, the order window would remain open on the trading platform and reflect processing error In these instances, the order is in the process of being executed, but is pending until FXCM receives confirmation from the liquidity provider that the quoted prices are still available During periods of heavy trading volume, it is possible that a queue of orders will form That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity pro viders in confirming certain orders. Risk Warning Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds The products may not be suitable for all investors Please ensure that you fully understand the risks involved. High Risk Investment Warning Trading foreign exchange and or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors The possibility exists that you could sustain a loss in excess of your deposited funds Before deciding to trade the products offered by FXCM you should carefully consider your objectives, financial situation, needs and level of experience You should be aware of all the risks associated with trading on margin FXCM provides general advice that does not take into account your objectives, financial situation or needs The content of this Website must not be construed as personal advice FXCM recommends you seek advice from a separate financial advisor. Ple ase click here to read full risk warning. Forex Capital Markets Limited FXCM LTD is an operating subsidiary within the FXCM group of companies collectively, the FXCM Group All references on this site to FXCM refer to the FXCM Group. Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority Registration number 217689.Tax Treatment The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions. Copyright 2017 Forex Capital Markets All rights reserved. Northern Shell Building, 10 Lower Thames Street, 8th Floor, London EC3R 6AD Company incorporated in England Wales No 04072877 with registered office as above. We use cookies to enhance the performance and functionality of our site, which ultimately improves your browsing experience By continuing to browse this site you are agreeing to our use of cookies You may change your c ookie settings at any time Learn More. Your browser is out of date.