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Rules of trade and order execution

Trading rules and execution of orders for the MT5 NDD

NDD (No Dealing Desk) technology that is implemented on MT5 NDD accounts grants an opportunity to trade directly with the largest liquidity providers using MetaTrader 5 trading platform.

The service is provided by FIBO Group Holdings, Ltd.

The main advantages of trading on accounts of this type are as follows:

  • Minimum floating spreads;
  • Quick execution;
  • No re-quotes.

Market order

Market orders will be executed at the best market price of the liquidity providers once the order reaches the electronic trading system where it will be executed at the NDD technology. Thus, it may slip between the price that you see in the terminal, and the price of execution. Moreover, such slippage can also be in your favor. Since the system can provide you with high liquidity, this slippage, under the normal conditions, either does not exist at all or is immaterial. Under low liquidity or explosive volatility conditions, the slippage is generally higher than on a quiet market.

Stop order

Once the price reaches the stop order level in the MT5, a request for an order execution would be transmitted via the bridge to the trading system, where the order would be executed at the best market price of the liquidity providers at the moment the order reaches the system.  Thus, in case of stop orders, as well as in case of execution of market order, slippage between the stop price and price of execution may occur. Moreover, slippage can also be in your favor. More information about the market execution features can be read above.

Limit order

Once the price reaches the limit order level in the MT5, a request for the order execution is transmitted via the bridge to the trading system. Please note that a partial execution of the order is possible. For example, you want to buy 200 lots EUR/USD at 1.27500. If only 100 lots at this price are available for buying, the total volume of your transaction will be 100 lots, which is the volume that is currently available on the market. Obviously, you are likely to encounter partial execution only when dealing with the large volume transactions.

Also, please note that if you use a limit order facility, you will never get a price worse than the one that was stated in your order i.e, you will either get your order executed at the requested price or at a better price.

Marginal requirements

If at any time “Equity” (the current balance including open positions) will be equal to or less than 100% of the margin (deposit), filled with open positions, a dealer has the right to cancel at his own discretion one or all open positions for the maintenance of the marginal requirements.

On weekends and holidays, margin requirements may be increased by 3 times compared to the standard conditions. Client is obliged to bring its open position in accordance with the increased margin requirements at least 30 minutes before the time of bidding.

 

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