Trading rules for the MT4 NDD type of accounts

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 ECN Integral system. 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 ECN Integral 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 MT4, a request for an order execution would be transmitted via the bridge to the ECN Integral 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 MT4, a request for the order execution is transmitted via the bridge to the ECN Integral. 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 (not 200 lots), which is the volume that is currently available on the market. Obviously, you are likely to encounter partial execution only when dealing with 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 the better price.

Margin requirements

If at any time «Equity» (current balance including open positions) becomes equal or less than 80 % of the margin held for the open positions, the dealer has right on his own discretion to close any of the open positions in order to maintain margin requirements.
During the weekends and public holidays the margin requirements may increase from about 1 % to 3 % (i.e. the greatest possible leverage for this period would be 1:33). The client should bring his open positions in accordance with the increased margin requirements before closure of the trading session.