The following orders may be given by the client:
OPEN to open a new position;
CLOSE to close an open position;
PARTIAL CLOSE – to close a part of an open position at the current market price and keep the remaining lots (part) floating.
Modify – to add, remove, edit orders for Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop.
CLOSE BY, in case hedging is allowed.
Multiple close to close-hedged positions on a specific instrument
Market orders: orders sent from the client terminal either by the client himself or a plug-in hooked to the client terminal (Expert Advisor), to buy or to sell an instrument at the current market price displayed on the market watch.
Pending orders: this kind of order can be set in the same way used for market orders; but at prices predicted by the trader and may be achieved in the future, like limit, stop, and entry orders.
All pending orders are guaranteed according to the fair market value.
All pending orders are good till cancelled (GTC), unless the client places an expiry time and date on entry orders, or in the event that the financial instrument expires.
All pending orders must be placed with respect to the rules appearing in the contract specifications for each instrument.
Once pending orders are in the process, the system will reject any cancellation or modification attempted during that time.
Pending order conditions may vary during hectic market conditions.
If the market opens with a break off after a weekend or holidays, upon release of important economic and political news, or in the case of force majeure events; orders (sell stop, buy stop, stop loss) are fulfilled at the first available prices in the market.
Even though such situations are not frequent, please be cautious when leaving pending orders for weekends and holidays.
Placing stop orders prior to the release of financial news is not permitted, such orders may be rejected, deleted or filled at the best available market prices at that time.