The main advantages of MT4 Cent:

  • No minimum deposits required to begin the trades
  • No commissions charged on account
  • Just small sums would be needed for opening of positions
  • Minimum floating spreads
  • Quick execution
  • No re-quotes

Market order

Market order will be executed at the best market price. 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 favour.

Stop order

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.

Limit order

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.

The peculiarities of interaction of stop orders

  • In case Sell Stop order was activated within the fixed level of Take Profit higher than the price of opening of the order after its activation the level of Take Profit is set to zero automatically.
  • In case Buy Stop order was activated within the fixed level of Take Profit lower than the price of opening of the order after its activation the level of Take Profit is set to zero automatically.
  • In case Sell Limit order was activated within the fixed level of Stop Loss lower than the price of opening of the order after its activation the level of Stop Loss is set to zero automatically.
  • In case Buy Limit order was activated within the fixed level of Stop Loss higher than the price of opening of the order after its activation the level of Stop Loss is set to zero autamatically.

Margin requirements

If at any time Equity (current balance including open positions) is equal to or less than 20% of the margin used by opened positions, a dealer is entitled at his discretion to close one or all open positions in order to meet margin requirements.

Margin requirements may increase up to 1% on weekends and holidays (i.e. maximum leverage is 1:100 for that period). Client is obliged to bring its open position in accordance with the increased margin requirements at least 30 minutes before the time of bidding. Beginning with 30 minutes and before closing of the bidding. A dealer is entitled at his discretion to close one or all open positions in order to meet margin requirements.

Limitations

  • The maximum quality of open orders on one account including market and pending ones is equal to 50.
  • The maximum volume of an order is equal to 100 lots (100000$ or 1 "standard" lot )
  • The maximum total of open position of one account is 1000 lots
  • During high volatility period temporary reduction of leverage up to 1:500 is possible. Temporary enlargement of margin is applicable only to the positions opened during validity of the restrictions. After expiration of the restriction period of the maximum leverage margin will be reduced and recalculated in accordance with the leverage set for an account.
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