Execution Rules Specifications
*Important. Since we are a variable spread broker, spread will greatly depend on the prevailing market conditions and liquidity provided by the banks. When FX markets become volatile and/or thin (less liquid), variable spread tends to get wider.
“Pending Order” is an order to buy or sell at pre-defined price in the future. The following types of pending orders are available:
- Buy Limit
- Buy Stop
- Sell Limit
- Sell Stop
You can attach a Stop Loss and/or Take Profit to any pending order.
*You can modify an order before or after it has been executed, but you cannot change or remove Stop Loss, Take Profit or Pending Orders if the price is within the freeze level distance from the market price. Additionally, your order cannot be modified or deleted at a time when it is being executed by the broker.
Sell Limit, Sell Stop, Stop Loss and Take Profit for opened long position are executed at the BID price.
*Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit and Sell Stop are executed at the requested price, however under certain trading conditions it may be impossible to execute the above at the requested price and EBH has the right to execute them at the next best price. In case of market execution mode this situation is commonly referred to as slippage and it can be both positive or negative for all order types.
When opening a lock position, you will not be asked for any additional margin.