Order execution policy
How market and pending orders, Stop Loss, Take Profit and Stop Out are executed.
1. Prices
The Company streams Bid and Ask quotes for each instrument. Buys are executed at the Ask price; sells and closing of buys at the Bid price.
2. Market orders
A market order is executed at the current price when it is received by the server. In fast markets the execution price may differ from the price shown in the terminal.
3. Pending orders and SL/TP
Limit and Stop orders, Stop Loss and Take Profit are executed when the price reaches the specified level. In the event of a price gap, the order is executed at the first available price.
4. Trading hours
Orders are executed during the instrument’s trading hours. For US stocks outside the regular session, trades are possible on request, confirmed by the dealing desk.
5. Stop Out
When the margin level drops to the Stop Out level, positions are closed forcibly, starting with the most unprofitable one.