FAQ classification
FxProTransaction related
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What is?CFDPrice difference contract products?
Contract for difference(CFD)It is a derivative instrument that allows traders to speculate on changes in the value of the underlying asset without ownership. In a price difference contract, both the buyer and the seller agree that upon the expiration of the contract, the seller will pay the buyer the difference between the asset value agreed upon in the contract and the asset value at the expiration of the contract. If the difference is negative, the buyer must pay the difference to the seller. CFD traders buy (long) in anticipation of a price increase and sell (short) in anticipation of a price decrease.
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FxProWhat trading tools are provided?
stayFxProWe offer differential contracts for foreign exchange, metals, futures, stocks, spot indices, spot energy, and crypto products.
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FxProThe difference between market and immediate execution?
Through immediate execution, your order will be executed at the requested price, or you will receive a new quote.
During the market price execution process, your order will be executed at the available market price at that time, i.eVWAP(Volume Weighted Average Price)
We areMT4、MT5andcTraderThe account provides market price execution function inMT4andMT4Fixed difference accounts provide instant execution functionality.
Please note that for pending orders, regardless of the account type, the execution method is the same (i.e. all stop loss orders are executed using the "market price execution" method, and all limit price orders are executed using the "limit price execution" method)。
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FxProDo you guarantee a stop loss?
Stop loss orders can serve as an additional risk minimization strategy. However, the price of the stop loss setting cannot be fully guaranteed. This is because the price at which the stop loss arrives is only a 'trigger point'. When the price of the traded financial product reaches the trigger price, your stop loss order will be considered as the market price and weighted average price based on trading volume(' VWAP ')Execution. Therefore, stop loss orders may be executed at worse prices. This applies to all 'stop loss' orders on our platform.
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FxProWhat is the transaction order execution mode?
FxProIt's a familyNDDExecution agency, providing6The contract for price difference of the underlying asset. We provide market execution mode for most of our account types, but we also offer instant execution accounts.
We internally match our large order flow to maintain the remaining risk exposure within our market risk limits. Excessive risk exposure will be hedged externally.
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FxProWill there be any sliding points on the trading platform?
Sliding points are a part of trading and are common in the foreign exchange market. It occurs during periods of high volatility or low liquidity, or during major news releases or important economic data releases.
FxProAll necessary measures have been taken to protect traders from market fluctuations, and our clients benefit from a highly advanced trading management system that reduces the risk of negative sliding points and ensures execution at the best price. -
FxProAre micro models available(0.01)Hand count?
Yes,FxProAll standard account types on platforms support Mini(0.01)Hand trading.
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In what circumstances would you experience a re quote?
FxPro MT5andFxPro cTraderThe platform uses the market price for execution, so there is no need to quote again.
However, if you are usingFxPro MT4Real time trading accounts, in situations of high market volatility, you may encounter situations of re quoting. You can avoid re quoting by checking the "Standard Deviation" box at the bottom of the "Order" window, which allows you to set the available basis points when the market price deviates from your selected price(pip)Scope.
Please note that the pop-up window for re quoting is disabled when using the click transaction function. However, if an audible alarm is enabled(toolTools >optionOptions >eventEvents)When giving a new quote, you will hear an audible alarm and the new quote will be listed in the customer terminal's log file.
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FxProExplosion level of the warehouse?
Margin Level (%) Displayed on the trading platform, calculated as follows: Net value / bond X 100。
FxProProvide negative balance protection(be based onFxProOrder Execution Policy)Ensure that the customer's losses do not exceed the overall investment.
The mandatory closing ratio for all account types is 50%。
about cTraderaccount, Spotwareadopt Intelligent Forced Closing Algorithm
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FxProThe difference between stop loss and stop profit orders?
Limit orders and stop loss orders are often confused because they are both pending orders, meaning opening or closing positions when a product's price reaches a certain level.
A buy limit order opens a position when the market price is below the current level. A sell limit order refers to opening a position when the market price reaches or exceeds the current market price. On the contrary, buying a stop loss order is higher than the current market price, and selling a stop loss order is lower than the current price.
Please note that price limit orders are executed with a "limit execution" policy, which means that once the market reaches the "limit price", the "limit order" is triggered and executed at the "limit price" or higher price; And the stop loss order is executed in a "market execution" manner, which means that once the market reaches the "stop loss price", the order is triggered and equivalent to a "market order", and the transaction isVWAPOngoing. -
FxProHow is the overnight interest calculated?
Overnight interest is based on the interest rate of the trading currency pair plusFxProCalculated based on the fees charged on the delivery date. Overnight interest is charged when holding overnight positions, reflecting your transaction costs. Depending on the different trading products, it may be positive or negative.
Overnight interest from Monday to Friday22:00UK time charged, overnight interest on UK time21:59To be charged for conversion into account currency. Overnight interest is calculated and charged on a daily basis for each working day, and on Fridays it is calculated and charged on a daily basis3Double the fee charged (Friday to Monday).
Foreign exchange currency against overnight interest= Point value x Overnight interest rate x Number of overnight stays/ 10
otherCFDOvernight interest on contract for difference products= Bin size x Overnight interest rate x Number of overnight stays 。 -
What is leverage?
Leverage affects the funds required to build a position, doubling your purchasing power and allowing you to open a position that is greater than your deposit. Leverage requires you to provide us with collateral in the form of margin. The higher the leverage, the less margin is required to open an equal value position, or for the same initial margin, you can open a larger position.
Initial margin Leverage Purchasing power (units)
$1,000 1:1 $1,000
$1,000 1:10 $10,000
$1,000 1:33 $33,000
Leverage can be expressed in ratio or percentage format. Both are displayed on our website for easy understanding.
For example, say your leverage ratio is 1:20 It's equivalent to saying that the margin you need is only half of the total transaction value 5%。
Overuse of leverage is of course very dangerous as it can amplify your profits and losses, which can lead to significant losses, leading to a stop loss, where your position is automatically liquidated. This is because your collateral can be used to withstand potential losses and will not fall below the required 'maintenance margin', so your position will not be liquidated and the percentage of your position when using higher leverage is much lower.
Please also note that higher leverage will increase the impact of spreads and swap fees on your investment capital. For example, if the percentage difference of a tool is 0.1%And you 20 If you open a position with multiple leverage ratios, the percentage of spread cost to your deposit margin will be 2%。
example:
use 1:5 Leverage, you need to deposit 20,000 Euro can only be opened 1 hand EURUSD (100,000), while using 1:30 You can simply use the lever 3,333 Open the same transaction in euros.
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What is? VWAP?
VWAP Represents the 'weighted average price of trading volume', applicable to orders executed at market price
If the requested transaction volume cannot be fully provided at the same price, the order will automatically execute the maximum transaction volume at the best available price, and then execute the remaining transaction volume at the next best price, and so on. Then take the average of all these prices, which is the price of the order execution(VWAP)。
Once all stop loss orders are triggered, they are subject to "market execution" constraints, which means FxPro All available liquidity will be automatically summarized at the best price, and the first available liquidity VWAP Execute your stop loss order at.VWAP The price may be equal to, higher than, or lower than the price you requested.
Please refer to the relevant section of our order execution policy: Market price execution orders refer to the intention to buy or sell at the current market price based on available liquidity. If there is not enough liquidity at the top of the account book to fill in customers' market orders, the system will automatically summarize liquidity from third parties/The transaction volume received from the price provider and marked as' transaction volume '-”Weighted average price for executing market orders(“VWAP”)Depending on the available liquidity during execution.
example:
EURUSD Market depth
The above image shows EURUSD A snapshot of market depth.
The right side displays the asking price (the price you purchased)
Left display BID Price (the price you sold)
Each level displays the available quantity for each price level. For example, a pen 2.50 Transactions with hands or lower will receive the highest book price (first line price). For transactions larger than this, the total price will be calculated based on each price level and available quantity.
For example, suppose we want to sell 8 Hand(80 Ten thousand euros). The order will be executed as follows:
250,000 * 1.16520 = 291,300
500,000 * 1.16519 = 582,595
50,000 * 1.16518 = 58,259
Then, you add up all levels = 932,154 And divide by your transaction size (in units)
932,154 / 800,000 = 1.16519(rounded to the nearest decimal point) 5 Bit)
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What is a market price list?
Market Order applies to MT4 MarketcTrader、MT5 and FxPro The platform indicates that you wish to enter the market at the current market price, regardless of the market price. Market order by VWAP(Volume Weighted Average Price) Execution, which means that the price you receive may be higher, lower, or equal to the price you see when executing the order.
Market price execution also applies to all 'stop loss' orders on all of our platforms. (Stop loss, stop loss, and pending stop loss orders).
Due to different LP There will be different prices and available liquidity, so the available transaction volume is layered, and large orders may be executed at prices other than the 'highest book price'. The top of the book represents the best purchase price/The selling price is streamed on the platform. However, market depth is much more complex than this, and market execution will take this into account. Please refer to our "What is VWAP"?" Question for more information.
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What is a stop loss order?
Stop loss orders are used to limit losses or potentially profit after losses.
It can be attached to the order at the opening of the warehouse, or you can modify the position and add a stop loss later. It can also be attached to the order.
The stop loss must be lower than the current market price of the buying position and higher than the current market price of the selling position.
All stop loss orders, including stops, are executed in a 'market execution' manner, which means that once an order is triggered, it will be executed at the current market price at that time (VWAP) Execution.
VWAP Can be located at, above or below the required price.
This means that, especially during periods of high volatility, the price you receive may be significantly different from the stop loss level you specify, which is referred to as a 'negative slip point'.