외환 거래 위험 포기

외환 거래 포기, 개인 정보 보호 정책 및 서비스 약관. NFA 및 CTFC 필수 면책 조항. 외환 시장에서의 투자는 평균 위험보다 높은 수준의 투자를 기꺼이 겪고있는 숙련 된 투자자에게 평균 수익률 이상을 제공 할 수있는 기회입니다. 외환 FX 거래에 참여하기로 결정하면 투자 목표, 경험 수준 및 위험 식욕을 신중하게 고려해야합니다. 잃을 돈이 투자되지 마십시오. Forex, 선물 및 옵션 거래는 잠재적 인 보상이 크지 만 잠재 위험도가 커 Forex, 선물 및 옵션 시장에 투자하기 위해 위험을 인식하고이를 기꺼이 받아 들여야합니다. 잃을 돈이없는 거래이 웹 사이트는 외환 선물이나 매도 제안이 아닙니다. 옵션 본 웹 사이트에서 논의 된 것과 유사한 이익 또는 손실을 가져올 가능성이 있거나 발생할 가능성이 높지는 않습니다. 모든 거래 시스템이나 방법론의 성과가 반드시 미래의 결과를 나타내는 것은 아닙니다. 외환 거래에서 위험에 상당한 노출이 있습니다. 통화와 관련된 모든 거래는 다음과 같은 위험을 포함하지만 이에 국한되지는 않습니다. 실질적으로 통화의 가격이나 유동성에 영향을 미칠 수 있습니다. 더 자세히 말하자면, FX 거래의 레버리지 성은 모든 시장 움직임이 예금 된 자금에 똑같이 비례하는 효과가 있다는 것을 의미합니다. 이것은 당신뿐만 아니라 당신에게도 효과가 있습니다. 초기 마진 자금을 완전히 상실하고 자신의 지위를 유지하기 위해 추가 자금을 예치해야 할 수도 있습니다. 규정 된 시간 내에 마진 콜을 충족시키지 못하면 귀하의 지위가 청산되고 그로 인한 손실에 대해 책임을지게됩니다. 정지 손실이나 제한 주문과 같은 위험 감소 전략을 사용하여 위험에 노출됩니다. HYPOTH 전기적 또는 시뮬레이션 결과는 실제 성능 수치가 아닌 한 특정 제한을 가지고 있습니다. 시뮬레이션 된 결과는 실제 거래를 나타내지는 않으며, 거래가 실행되지 않았기 때문에 결과가 특정 시점에 영향을 미쳤거나 또는 과대 보상되었을 수 있습니다 유동성 부족과 같은 시장 요인 시뮬레이션 된 거래 프로그램은 일반적으로 감사의 표시로 설계된 것이라는 사실에 근거하여 계정이 이익 또는 손실과 유사한 이익을 달성 할 것이라는 어떠한 진술도 없음을 보증하지 않습니다. 사이트 부인 및 서비스 약관. 이 사이트의 정보는 교육 목적으로 만 제공되거나 조언을 제공하지 않으며 재정적 인 조언을 제공 할 수있는 자격이 있거나 라이센스가 부여됩니다. 귀하는이 정보를 사용하기 전에 개인 고문으로부터 지침을 구해야합니다. 발생할 수있는 손실에 대해 책임을지지 않습니다. 잃을 수있는 것보다 많은 투자를하지 마십시오. 다른 면책 사항과 Warni를 참조하십시오. 이 웹 사이트를 방문하거나 전자 책을 구매함으로써 귀하는 Day Trade Forex, LLC의 소유주, 원칙, 관리자 및 모든 계열사 및 동료를 무해하게 보유 할 것에 동의합니다. 데이 트레이딩 외환 거래 시스템 또는 기타 거래 시스템, 교육 또는 거래 전자 책, 거래 신호 또는 플랫폼, 로봇 또는 Expert Advisors EA를 사용하여 귀하가 당사의 권장 사항을 통해 구매할 수 있습니다. 당사 시스템 사용, 당사 웹 사이트 , 메일 링리스트 구독 또는 제품 구입은 사용자 동의를 의미합니다. 이 웹 사이트는 승인되지 않은 제 3 자에게 귀하의 이메일 주소를 판매, 교환 또는 대여하지 않습니다. 사용자로부터 어떻게 정보를 수집합니까? 상점 정보는 방문하는 페이지에 따라 다릅니다. 대부분의 웹 사이트와 마찬가지로이 웹 사이트는 방문자에게 투명 할 수있는 전자 도구를 사용하여 자동으로 정보를 수집합니다. 예를 들어 인터넷 서비스 제공 업체의 이름을 기록하거나 쿠키 기술을 사용하여 귀하를 알아보고 방문 정보를 보관할 수 있습니다. 이 웹 사이트는 특정 거래 시스템이나 방법을 추천하거나 추천하지 않습니다. 귀하는 모든 거래 시스템, 방법 전략을 철저히 지키고 있습니다. 우리가 수집 한 정보로 무엇을합니까? 다른 웹 게시자와 마찬가지로, 당사는 귀하의 방문을 향상시키기 위해 정보를 수집하고 더욱 개별화 된 컨텐츠 및 광고를 제공합니다. 귀하의 개인 정보를 존중하며 귀하의 정보를 누구와도 공유하지 않습니다. 예를 들어, 귀하의 사용 패턴에 관한 정보를 다른 사용자로부터 얻은 유사한 정보와 결합하여 우리 사이트와 서비스를 향상 시키거나 어떤 페이지가 가장 많이 방문하는지 또는 어떤 기능이 가장 매력적인지 알 수 있습니다. 당사는 웹 사이트에서 수집 한 개인 식별 정보를 사용하여 등록자에 대해 귀하와 통신 할 수 있습니다 우리의 개인 정보 보호 정책 서비스 및 제품, 이 웹 사이트 및 귀하가 관심을 가질만한 다른 주제들에 의해 제공됩니다. 제휴 사이트, 링크 된 사이트 및 광고. 이 웹 사이트는 파트너, 광고주 및 제휴사가 사용자의 개인 정보를 존중할 것을 기대합니다. 당사 사이트를 통해 액세스 할 수있는 파트너, 광고주, 제휴사 및 기타 콘텐츠 제공 업체를 포함한 제 3 자의 개인 정보 보호 및 데이터 수집 정책 및 사례가있을 수 있습니다. 예를 들어 당사 사이트를 방문하는 동안 링크를 클릭하거나 보거나 페이지의 일부로 실제로 제 3자가 작성하거나 호스팅하는 특정 컨텐츠 또한이 웹 사이트를 통해 귀하는 정보, 웹 사이트, 다른 당사자가 제공하는 기능을 소개 받거나 액세스 할 수 있습니다. 이 웹 사이트는 제 3 자의 행위 또는 정책에 대해 책임을지지 않습니다. 운영되는 기능 또는 페이지에 대한 정보를 제공 할 때 제 3 자의 해당 개인 정보 보호 정책을 확인해야합니다 저희 사이트에있는 동안 광고주, 판촉 파트너 또는 기타 제 3자가 귀하의 선호 사항을 확인하거나 귀하에 관한 정보를 검색하기 위해 쿠키 또는 기타 기술을 사용할 수 있습니다. 예를 들어, 일부 광고는 제 3 자에 의해 제공됩니다 광고주가 특정 광고를 본 적이 있는지 여부를 판단 할 수있는 쿠키를 포함 할 수 있습니다. 사이트에서 제공되는 기타 기능은 제 3자가 운영하는 서비스를 제공 할 수 있으며 쿠키 또는 기타 기술을 사용하여 정보를 수집 할 수 있습니다. 이 기술의 사용은 통제하지 않습니다. 제 3 자의 정보 또는 결과 정보에 대한 책임을지지 않으며 그러한 제 3 자의 행위 나 정책에 대한 책임을지지 않습니다. 또한 귀하가 게시판이나 채팅 영역에 자발적으로 개인 신상 정보를 공개하는 경우 해당 정보를 볼 수 있음을 알고 있어야합니다 공개적으로 제공되며 당사가 알지 못하는 한 제 3 자에 의해 수집 및 사용될 수 있으며 원치 않는 메시지가 발생할 수 있습니다. f 기타 개인 또는 제 3 자의 행위 이러한 활동은 본 웹 사이트의 통제 범위를 벗어납니다. 이 정책의 변경. 우리는 언제든지이 정책을 변경할 권리를 보유합니다. 변경 사항은이 페이지를 주기적으로 확인하십시오. 무역 거래 Forex, LLC. Copyright 2003-2007 Day Trade Forex, LLC. 에 의해 예약 된 모든 권리. 이 독점적 인 저작권 자료의 복제 또는 배포는 귀하가 전자, 물리적 또는 기타 방법으로 복제 할 권한이 없으며이 전자 EBOOK Day Trade Forex System 또는 Licensed Printed를 판매 할 수 없도록 엄격히 금지되어 있습니다. 온라인 경매 (예 : 이베이 또는 StormPay 포함)를 포함한 어떠한 방법으로도 복사하거나 누구와도 무료 또는 거래 할 수 없으며, 누군가가 다운로드 할 수있는 곳에서는 어디든지 놓으십시오. 귀하가 발견 한 절도를 신고하십시오. 위반자의 해적 지적 재산의 무결성을 보호 해 주신 데 대해 감사드립니다. 위험 경고. 위험을 식별하십시오. 위험 부담이 높은 투자. 마진에 외환 거래. 높은 수준의 위험 및 모든 투자자에게 적합하지 않을 수 있습니다 레버리지의 높은 정도는 당신뿐만 아니라 당신을 위해 작동 할 수 있습니다 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 식욕을 신중하게 고려해야합니다 가능성 당신이 당신의 초기 투자를 초과하여 손실을 견딜 수있는 존재 당신은 의심의 여지가 있다면 외환 거래와 관련된 모든 위험을 인식하고 독립적 인 재무 고문으로부터 조언을 구해야합니다. DailyFX Market Opinions. Any 의견, 뉴스, 연구 , 분석, 가격 또는 기타 정보가 일반적인 시장 논평으로 제공되며 투자 관련 조언을 제공하지 않습니다 DailyFX는 다음과 같은 직접 또는 간접적으로 발생할 수있는 이익 손실을 포함하여 어떠한 손실이나 손해에 대해서도 책임을지지 않습니다. 정보의 사용 또는 신뢰. 정보의 정확성. 이 웹 사이트의 내용은 언제든지 변경 될 수 있습니다. t 통지를 제공하며, 거래자가 독립적 인 투자 결정을 내리는 것을 돕기위한 목적으로 만 제공됩니다. DailyFX는 웹 사이트의 정보 정확성을 보장하기 위해 합당한 조치를 취했으나 정확성을 보장하지 않으며 손실이나 손상에 대한 책임을지지 않습니다 귀하가 웹 사이트에 접속할 수 없거나 콘텐츠로부터 직접적으로 또는 간접적으로 발생하거나 본 웹 사이트를 통해 전송 된 지시 또는 통지의 전송 지연 또는 실패에 대해 발생할 수 있습니다. 이 사이트는 배포 또는 사용을 목적으로하지 않습니다. 그러한 배포 나 사용이 현지 법률이나 규정에 위배되는 국가의 사람이 웹 사이트에 언급 된 서비스 나 투자는 해당 서비스 나 투자의 제공이 반대되는 국가에 거주하는 사람이 이용할 수 없습니다 현지 법률 또는 규정 현지 법률의 조건을 확인하고 준수하기 위해이 웹 사이트 방문자의 책임입니다 타사 사이트 링크는 귀하의 편의를 위해 제공됩니다. 그러한 사이트는 당사의 통제하에 있지 않으며 당사와 동일한 개인 정보, 보안 또는 접근성 표준을 따르지 않을 수 있습니다. DailyFX는 보증하거나 보증하지 않습니다. 제 3 자 제공 업체의 오퍼링이나 DailyFX는 제 3 자 사이트, 파트너 또는 광고주의 보안, 컨텐츠 또는 가용성에 대한 책임을지지 않습니다. 위험 면책. 고위험 투자. 마진에 대한 외평채 거래는 높은 위험도를 지니고 있습니다. 모든 투자자에게 적합하지 않아야합니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 선호도를 신중히 고려해야합니다. 초기 투자의 일부 또는 전부를 잃을 가능성이 있으므로 투자해서는 안됩니다 돈을 잃을 여유가없는 돈 외국환 거래와 관련된 모든 위험을 알고 있어야하며, Market Traders Institute Market Opinions. 이 웹 사이트에 포함 된 의견, 뉴스, 연구, 분석, 가격 또는 기타 정보는 일반적인 시장 논평으로 제공되며 투자 자문을 제공하지 않습니다. Market Traders Institute, Inc MTI는 그러한 정보의 사용 또는 의존으로 인해 직접 또는 간접적으로 발생할 수있는 이익 손실을 포함하여 어떠한 손실이나 손해에 대해서도 책임을지지 않습니다. 정보의 정확성. 이 웹 사이트의 내용은 변경 될 수 있습니다 MTI는 웹 사이트 정보의 정확성을 보장하기 위해 합당한 조치를 취했으나 정확성을 보증하지 않으며 책임을지지 않습니다. 콘텐츠 또는 귀하의 웹 사이트 접속 불능으로 인해 직간접 적으로 발생할 수있는 손실이나 손해 본 사이트는 본 웹 사이트를 통해 전송 된 지시 또는 통지의 전송 또는 수신을 의미합니다. 이 사이트는 해당 배포 또는 사용이 현지 법이나 규정에 위배되는 모든 국가의 사람이 배포하거나 사용하도록 의도되지 않았습니다. 또는이 웹 사이트에 언급 된 투자는 해당 서비스 또는 투자가 현지법 또는 규정에 위배되는 모든 국가에 거주하는 사람들이 이용할 수 있습니다. 이 웹 사이트 방문자는 해당 지역의 법규를 확인하고 준수해야합니다 법 또는 규정에 따라 달라질 수 있습니다. 이 증명서에 표시된 최종 결과는 반드시 미래 결과 또는 성공을 나타내는 것은 아닙니다. 추천서는 합리적으로 비교 가능한 모든 학생을 대표하지 않을 수 있습니다. 외환 거래는 손실 위험이 크며 모든 투자자에게 적합하지 않을 수도 있습니다. . 실행 위험. 이 쌍들은 그들과 관련된 위험 수준이 내재하지 않을 수도 있습니다. 이 통화들은 유동성이 매우 유동적이고, 하나 또는 소수의 외부 원천에 의해 유지되고 제공된다. 이러한 유동성 우려는 시장 활동의 부재, 인용 가격 및 최종 집행의 차이에 근거하여 포지션을 탈출 할 수 없음을 포함 하나 이에 국한되지는 않는다 특정 거래에 대한 거래 상대방이 확인되는 동안 실행이 지연되는 것을 염두에 두어야합니다. 이러한 고려 사항을 염두에두고 모든 거래자가 거래 결정을 내리는 것이 중요합니다. 이러한 이유 때문에 모든 상인은 이러한 위험을 완화하기 위해 고급 주문 유형을 활용할 것을 강력히 권장합니다. 실행 지연. FXCM을 사용하면 실행 지연이 발생할 수 있습니다. FXCM과 거래하는 기술적 인 문제, 유동성 공급자의 주문 확인 지연 또는 유동성 부족 등 다양한 이유로 거래 데스크 외환 실행 모델 없음 거래자가 거래하려고하는 통화 쌍 시장의 내재 변동으로 인해 그것은 불평등하다. 상인들이 일하고 신뢰할 수있는 인터넷 연결을 가지고있는 경우 상인의 개인 인터넷 연결이 무선 또는 전화 접속 연결로 인한 신호 강도 부족으로 인해 FXCM 서버와의 지속적인 연결을 유지하지 못할 수있는 상황 연결 경로의 방해 때때로 신호를 방해하고 FXCM Trading Station을 비활성화하여 거래소와 FXCM 서버 간의 데이터 전송을 지연시킬 수 있습니다 FXCM 서버와의 인터넷 연결을 확인하는 한 가지 방법은 컴퓨터에서 서버로 Ping하는 것입니다. RESET ORDERS. Market 변동성은 매우 높은 주문량으로 인해 주어진 가격으로 주문을 실행하기 어려운 조건을 만듭니다. 주문이 실행될 수있을 때까지 유동성 공급자가 포지션을 취하려고하는 입찰가는 여러 유동성 풀이 Market Range 주문을 채우기에 충분하지 않은 경우, 주문은 실행되지 않습니다. Limit E ntry 또는 Limit 주문은 주문이 실행되지 않고 주문이 채워질 때까지 재설정됩니다. Limit Entry 및 Limit 주문 모두 가격을 보장하지만 실행을 보장하지는 않습니다. 기본 거래 전략 및 기본 시장 조건에 따라 거래자가 더 많을 수도 있습니다 스프레드는 일반적인 스프레드를 넘어 확산되는 경우가있을 수 있습니다. 스프레드는 시장 유동성 및 제한된 유동성, 시장 개방시, 또는 오후 5시에 롤오버 중일 때 스프레드가 확산되는 경우가있을 수 있습니다 가격 방향의 불확실성, 시장 변동성의 상승 또는 시장 유동성 부족에 대응하여 확대 될 수있다. 특히 스프레드가 롤오버 주위로 넓어지는 것을 보는 것은 드문 일이 아니다. 거래 롤오버는 일반적으로 영업일 이후 매우 조용한 기간이다 뉴욕의 새로운 비즈니스 데이가 시작되기 몇 시간 전에 뉴욕에 막 문이 열렸습니다. 이러한 패턴을 인식하고 m이 고려 될 수 있습니다. 오픈 오더로 거래하거나이 기간 동안 새로운 거래를하는 것은 거래 경험을 향상시킬 수 있습니다. 이는 뉴스 이벤트 중에 발생할 수 있으며 시장에서 엄청난 양의 변동성을 보완하기 위해 스프레드가 크게 확대 될 수 있습니다. 몇 분 또는 몇 분간 FXCM은 뉴스 이벤트를 거래 할 때 거래자가주의를 기울이고 자신의 계정 자본, 사용 가능한 마진 및 시장 노출을 항상 인식하도록 강력히 권장합니다. 확대 스프레드는 헤지드 포지션을 포함한 계정의 모든 포지션에 부정적인 영향을 줄 수 있습니다 명령을 올리십시오. 대량 주문 기간이 지연 될 수 있습니다. 주문이 실행 중이지만 아직 실행이 확인되지 않은 상태입니다. 주문이 빨간색으로 강조 표시되고 상태 열이 실행됨을 나타냅니다 또는 처리, 주문 창에서 이러한 경우 주문은 진행되고 있지만 pendin입니다. FXCM이 유동성 공급자로부터 거래 가격이 여전히 유효하다는 확인을받을 때까지 거래량이 많은 기간 동안에는 주문 대기열이 형성 될 가능성이있다. 유입 주문의 증가로 인해 때때로 유동성 지연 특정 주문을 확인하는 공급자. 배치 된 주문 유형에 따라 결과가 달라질 수 있습니다. 지정된 범위 내에 채울 수없는 시장 범위 주문의 경우 또는 지연이 지났 으면 주문이 실행되지 않습니다. 시장 상황에서, 시장에서 다음으로 유효한 가격으로 주문을 채우기 위해 모든 시도가 이루어질 것입니다. 두 경우 모두 주문 윈도우의 상태 열은 일반적으로 실행되거나 처리 중임을 나타냅니다. 거래는 이동하는 데 약간의 시간이 걸립니다 열린 위치 창으로 이동 주문 유형에 따라 위치가 실제로 실행되었을 수 있으며 지연은 단순히 인터넷 트래픽이 많아서 발생합니다. 한 번만 주문하면됩니다. 같은 주문에 대한 여러 항목이 있으면 컴퓨터가 느려지거나 잠길 수 있으며 원하지 않는 위치를 실수로 열 수 있습니다. FXCM Trading Station에 액세스하여 계정을 관리 할 수없는 경우 언제든지 직접 Trading Desk에 전화 할 수 있습니다 at 1 212-201-7300 국제 전화 번호의 전체 목록보기. GREYED OUT PRICING. Greyed out 가격은 FXCM에 가격을 제공하는 외환 유동성 공급 업체가 특정 통화 쌍과 유동성을위한 시장을 적극적으로 만들지 않을 때 발생하는 조건입니다 감소 FXCM은 의도적으로 가격을 회색화하지 않지만 때로는 공급자와의 연결이 끊어 지거나 유동성을 제한하는 시장에 큰 영향을주는 발표로 인해 스프레드 차이의 심각한 증가가 발생할 수 있습니다. 가격이 희미 해 지거나 스프레드가 증가하면 거래자 계정에 증거금이 부과 될 수 있습니다. 회색으로 표시된 가격에 영향을받는 통화 쌍에 주문을하면 PL 페어가 거래 가능한 가격을 가지고 시스템이 PL 잔액을 계산할 때까지 일시적으로 0으로 깜박입니다. 헤지 (hedge) 기능은 상인이 동일한 통화 쌍으로 매수 포지션과 포지션을 동시에 보유 할 수있게합니다. 통화 쌍에 대한 특정 방향 선택 위험 회피가 미래 손실을 완화하거나 제한 할 수는 있지만 손실이 더 커지는 것을 막지는 못합니다. 외환 시장에서는 상인이 가격으로가 아니라 수량으로 완전히 헤지 할 수 있습니다. 매수 가격과 매도 가격의 차이 또는 스프레드 효과 2012 년 12 월 2 일 FXCM 거래자는 한쪽에 마진을 두어야합니다. 헤지 펀드의 큰 쪽 마진 요구 사항은 간단한 거래율로 항상 모니터링 할 수 있습니다 창 헤지 능력은 매력적인 특징이지만, 거래자는 헤지드 포지션에 영향을 미칠 수있는 다음 요소를 알고 있어야합니다. 마진 축소. 마진 n 스프레드가 확대되어 계정의 남은 여백이 줄어들 기 때문에 계정이 완전히 헷지 된 경우에도 통화가 발생할 수 있습니다. 잔여 마진이 열려있는 포지션을 유지하기에 불충분 할 경우 계정이 마진 콜을 유지하고 모든 미결 거래를 종료 할 수 있습니다 계좌의 위치 장단점을 유지하기는하지만, 시장 운동에 대한 그의 노출이 제한되어 있다는 인상을 줄 수 있으며, 여유 한계가 충분하지 않고 일정 기간 동안 스프레드가 확대되면 마진 콜이 발생할 수 있습니다 롤오버는 구입 통화의 정산 및 인도를 피하기 위해 하루 중 특정 시점의 포지션을 동시에 닫고 개설하는 용어입니다. 이 용어는 상인에게 청구되거나 부과되는이자를 의미합니다 FXCM에서 오후 5시 ET 이후를 의미하는 밤새 자리를 차지합니다. 플랫폼 포지션이 닫히고 재개되고 롤오버 요금이 deb 인 시간 일반적으로 거래 롤오버 TRO라고합니다. 롤오버 비용은 롤오버 발생보다 높다는 점에 유의해야합니다. 모든 포지션이 계정에서 위험 회피 대상이되는 경우, 전반적인 순 포지션이 평평 할지라도 계정은 여전히 ​​손실을 유지할 수 있습니다 롤오버 발생시 발생하는 스프레드로 인해 롤오버 스프레드가 다른 기간과 비교할 때 넓어 질 수 있습니다. 유동성 공급자가 일시적으로 오프라인으로 전환하여 거래를 해결하기 때문에 롤오버 주변의 위치를 ​​적절하게 관리하고 스프레드가 확대되는 영향을 이해하십시오 기존의 오픈 포지션 또는 신규 포지션 주문과 관련한 실행에 관해서 고려해야합니다. 변동 환율 변동 비용 PIP 비용. 환율 변동 또는 핍 비용은 특정 통화 쌍에 대한 핍 변동에 대한 가치로 정의됩니다. 이 비용은 통화 쌍의 각 파이프 이동에 따라 얻거나 잃는 통화의 환율로 통화 명칭으로 표시됩니다 FXCM 플랫폼에서 View를 선택하고 Dealing Views를 선택한 다음 Simple Rates를 클릭하여 옆에 체크 표시를 적용하여 모든 통화 쌍의 pip 비용을 찾을 수 있습니다. 요율은 이미 옆에 체크 표시가되어있어 요율 표시 창에서 단순 거래 요율 탭을 클릭하는 것만 큼 간단합니다. 요율 표시가 나타나면 오른편에 핍 비용이 표시됩니다 당신은 거래 데스크 실행 모델을 사용하여 FXCM과 외환 거래를 할 때, 여러 유동성 공급자가 제공하는 가격 피드와 FXCM 마크 업을 거래합니다. 드문 경우이지만, 이러한 피드는 혼란 스러울 때가 있습니다 만, 그렇게되면 스프레드가 거꾸로됩니다 FXCM은 드물게 고객이 시장에서 주문하는 것을 피할 것을 조언합니다. 자유 무역을 유혹 할 수도 있지만 가격은 아니 실제 및 실제 채우기는 표시된 가격에서 많은 pips 일 수 있습니다. FXCM의 유동성 공급자가 실제로 제공하지 않는 요율로 거래가 실행되는 경우 FXCM은 유효한 거래로 간주되지 않으므로 해당 거래를 취소 할 권리가 있습니다. 이 기간 동안 시장 범위 주문이나 거래가 없다면 상인은 위 시나리오와 관련된 위험을 피할 수 있습니다. 휴일 주말 실행. 돌고있는 책상 시간. 무역 데스크는 일요일 오후 5 시부 터 오후 5시 15 분까지 영업합니다. 금요일 오후 4시 55 분 동부 표준시 오후 5 시까 지 이전에 주문한 주문은 오후 4시 55 분에서 오후 5시 사이에 거래를하는 거래자는 실행이 지연되는 주문을 취소 할 수 없습니다. GTC 주문 시장 개방 직전 일요일까지 실행될 수 없다는 가능성이 존재합니다. 금요일 시장 주변을 거래 할 때는주의를 기울여야하며 위에서 설명한 모든 정보를 고려하십시오 int o 거래 결정. 유동성 공급자가 FXCM에 제공하는 가격에 의존하기 때문에 개장 시간이 거래 데스크에 의해 변경 될 수 있음. 이 시간 외에 주요 세계 은행 및 금융 센터의 대부분이 폐쇄 됨 유동성 부족 및 주말 동안 볼륨이 실행 및 가격 납품을 방해합니다. 개장 전 개장. 개장 직전에 트레이딩 데스크는 오픈을 준비하기 위해 현재 시장 가격을 반영하여 금리를 갱신합니다. 이번 주말 동안 진행된 거래 및 주문은 실행까지이 시간 동안의 주가는 새로운 시장 주문에 대해 실행 가능하지 않습니다. 공개 이후, 거래자는 새로운 거래를하고 기존 주문을 취소하거나 수정할 수 있습니다. 일요일의 개시 가격은 금요일의 마감 가격과 같을 수도 있고 아닐 수도 있습니다. 일요일에 열린 가격은 금요일 근처에 가격이 있었던 곳 근처에있다. 다른 경우에는 금요일과 금요일 사이에 상당한 차이가있을 수있다. 예기치 않은 뉴스 발표 또는 시장이 통화 가치를 어떻게 보는가를 변화시키는 경제 사건 주말 동안의 지위 또는 주문을 담고있는 트레이더들은 시장 격차를 줄이기위한 시장의 잠재력에 완전히 익숙해야합니다. 주문 이행. 요구 된 가격 이상 요구 된 가격 또는 더 나은 가격이 시장에서 이용 가능하지 않은 경우 주문은 채워지지 않을 것입니다. 일요일 시장 개방시 요구 된 가격에 도달하면 주문은 시장 주문 제한 엔트리 주문은 Limit orders와 같은 방법으로 채워집니다. Stop 주문 입력은 Stops와 같은 방식으로 채워집니다. YEEKEND RISK. 주말에 시장이 극도로 휘발성 일 가능성이 있거나, 주말 위험이 그들의 거래 스타일에 적합하지 않기 때문에 단순히 주말을 앞두고 주문과 직책을 마감 할 수 있습니다. 주말 동안 미결제 상태를 유지하는 거래자는 반드시 그 일을 이해해야합니다. 주요 경제 이벤트 및 뉴스 발표가 잠재 고객 포지션의 가치에 영향을 미칠 수있는 가능성 시장에서 나타난 변동성을 고려할 때 가격은 시장 마감 시점에서 시장에 공개 된 다수의 피프가되는 경우는 드뭅니다. 모든 트레이더가 거래 의사 결정을하기 전에이를 고려하십시오. 마진 콜 및 종가. 마진 콜은 사용 가능한 마진이 영 (0) 아래로 떨어지면 발생합니다. 이는 유동 손실로 인해 계정 자본이 마진 요구 사항보다 낮은 수준으로 낮아질 때 발생합니다. 따라서 결과 여백 통화는 별도로 지정하지 않는 한 후속 청산입니다. 마진 거래에 대한 아이디어는 마진이 자신의 지위보다 큰 명목 가치를 확보하기 위해 선의의 보증금 역할을한다는 것입니다. 마진 거래를 통해 거래자는 실제 계정 금액보다 훨씬 많은 지위를 유지할 수 있습니다 FXCM의 트레이딩 스테이션에는 마진 관리 기능이있어 레버리지를 사용할 수 있습니다 물론 마진 거래가 생깁니다 레버리지가 당신만큼 효과가있을 수있는 리스크가 있습니다. 계정 자본이 마진 요건을 밑돌면 FXCM 트레이딩 스테이션은 모든 미결 위치를 닫는 명령을 내릴 것입니다. 포지션이 초과 레버리지를 받거나 거래 손실이 발생할 때 현재의 미결제 상태를 유지하기에 불충분 한 형평성이 존재하고 사용 가능한 마진이 0 이하로 떨어지면 마진 콜이 발생하고 미결제가 모두 폐쇄 될 것입니다. 계정의 사용 여백이 0 아래로 떨어지면 , 모든 미결 위치가 종료되도록 트리거됩니다. 청산 프로세스는 전적으로 전자화되도록 설계되었습니다. 마진 콜 기능은 계정 자본이 마진 요구 사항 아래로 떨어지면 직책을 닫도록 설계되었지만 정확한 마진에 유동성이없는 경우가있을 수 있습니다 콜금리 결과적으로, 계정 자본은 주문이 채워지는 시점의 마진 요건보다 낮을 수 있으며, mes negative 이것은 시장 격차 나 변동성이 큰시기에 특히 그렇습니다 FXCM은 마진 콜을 최종 중지로 사용하는 대신 거래가가 정지 위험을 제한하기 위해 Stop 주문을 사용할 것을 권장합니다. 고객이 자신의 계정에 적절한 마진을 유지하는 것이 좋습니다 언제든지 마진 요구 사항은 계정 크기, 동시 오픈 포지션, 거래 스타일, 시장 조건 및 FXCM의 재량에 따라 변경 될 수 있습니다. Metrarader 4. MT4 사용자는 다른 증거금 청구 절차를 적용받습니다. 계좌에서 발생하면 개인 지위는 나머지 지분이 기존 지위를 유지하기에 충분할 때까지 청산 될 것입니다. ■ 개인 지위가 개별적으로 청산 될 위치를 결정할 때 청산 중 가장 큰 지폐가 먼저 닫힙니다. 가격을 계산할 때 가격이 계산됩니다. It 차트에 표시된 지표 가격과 PLA에 표시된 거래 가능 가격을 구별하는 것이 중요합니다 트레이딩 스테이션 및 MetaTrader 4와 같은 tforms 시장에서 가격을 나타내는 지표와 변화하는 속도입니다. 이 가격은 은행 및 청산 회사와 같은 다수의 공헌자로부터 파생됩니다. FXCM의 유동성 공급자가 가격을 책정하고있는 곳을 반영하지 않을 수도 있습니다. 표시 가격은 대개 거래 가격에 매우 가깝지만 시장이 어디인지를 나타냅니다. 실행 가능한 따옴표는 정밀한 집행을 보장하여 거래 비용을 줄입니다. 스팟 외환 시장 모든 거래가 수행되는 단일 중앙 거래소 인 경우 각 외환 딜러는 약간 다른 가격을 인용 할 수 있습니다. 따라서 제 3 자 차트 제공 업체가 표시 한 가격은 시장 가격의 공급을 사용하지 않으며 표시 가격을 반영하며 반드시 실제 거래가 아닙니다 거래가 실행될 수있는 가격. 모바일 거래 플랫폼. 모바일 거래의 사용으로 인한 일련의 고유 한 위험이 있습니다. 주문 지침의 중복, 제공되는 가격의 지연 및 모바일 연결의 결과 인 기타 문제 모바일 플랫폼에 표시된 가격은 실행 가능한 요금의 지표 일 뿐이며 실제 실행 된 가격을 반영하지 않을 수 있습니다. 모바일 TS II는 메시지 전송을 위해 공중 통신 네트워크 회선을 사용합니다. FXCM은 네트워크 회선 전송 문제 또는 기타 외부 문제로 인해 가격 견적이 지연되거나 거래가 불가능한 모든 상황에 대해 책임을지지 않습니다. 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 t o 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 tablet devices 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. Dealing Desk Forex Execution Trading Risks. HIGH RISK INVESTMENT. Trading foreign exchange 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 St reet, 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 independent 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 includi ng, 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. DEALING DESK FOREX EXECUTION MODEL. FXCM also offers forex execution via a Dealing Desk execution model In this model, FXCM s compensation may not be limited to our standard markup and our interests may be in direct conflict with yours FXCM faces market risk as a result of entering into trades with you FXCM may take steps to mitigate its risk arising from market making more effectively by, at our sole discretion and at any time and without previous consent, transferring your underlying account to our NDD execution offering FXCM may also choose to transfer your account to our No Dealing Desk NDD offering should the equity balance in your account exceed the maximum 20,000 currency units in which the account is denominated Account equity is defined as the balance of your account plus the floating P L of your open positions. Dealing Desk execution and trading is not conducted on an exchange FXCM is acting as a counterparty in these transactions and, therefore, acts as the buyer when you sell and the seller when you buy As a result, FXCM s interests may be in conflict with yours Unless otherwise specified in your written agreement or other written documents FXCM establishes the prices at which it offers to trade with you The prices FXCM offers might not be the best prices available and FXCM may offer different prices to different clients If FXCM elects not to cover its own trading exposure, then you should be aware that FXCM may make more money if the market goes against you. The currency pai rs listed below are available on the Dealing Desk execution offering FXCM does not guarantee that quotes, prices, or spreads will always be better on one form of execution as compared to the other Customers should consider many factors when deciding which execution type best suits their needs e g conflict of interest, trading style or strategy, etc. 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, orders may be subject to slippage Slippage most commonly occurs during fundamental news events or periods of high volatility 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 instruct ions can have an impact on the overall execution you receive. 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 available price for that specific order 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 feature 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 selectin g 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 available 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 executi on at the next available market price Stop orders guarantee execution but do not guarantee a particular price. 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. DELAYS IN EXECUTION. A delay in execution may occur using a dealing desk model for various reasons, such as technical issues with the trader s internet connection to FXCM or by a lack of available liquidity for the currency pair that 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 s ignal 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 check 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. When a client makes an order, FXCM 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 e xternal 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 op en 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 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 fille d 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 ca n 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 volume, 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 result 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 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 maint aining 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 t he 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 inversion 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 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. 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 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 ap propriate 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 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. 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 liqui dity 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 of 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. I t 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 market maker s price feed, will reflect indicative prices and not necessarily actual dealing price s 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. 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 Registrat ion 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 independent 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 RI SKS. 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 accumulated 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 tra der 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 feature 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 available 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 vi a 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 check 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 exe cution 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 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 t he 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 t ime 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 price 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 pr ocessing 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 m arket 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 occu r 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 credite d, 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 fluctuations, 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 Rat es 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 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 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 Gu ide 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 mar ket 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 orde r 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 calls are triggered when your usable margin falls below zero This occurs w hen 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 until 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 fore x 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 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 cont ributors 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 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 indicati on 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 available 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 ord ers 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 orders 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 i s 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 intraday. 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 d eveloped 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, all 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 bey ond 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 be yond 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 million 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 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 prov iders 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. 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 a ll 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. Please 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 bettin g 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 cookie settings at any time Learn More. Your browser is out of date. Risk Disclaimer. FTC Services, LLC FOREX Trading Coaches believes that customers should be aware of the risks associated with over-the-counter, spot Forex Forex trading is highly speculative in nature, which can mean currency prices may become extremely volatile. Forex trading is highly leveraged, since low margin deposits normally are required, an extremely high de gree of leverage is obtainable in foreign exchange trading A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle. 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