Stop Loss Policy

Take Profit

A Take Profit is used to set an exit when the currency rate moves in a favorable direction. If you believe that the price of a currency pair will rise or fall to a specific level but do not know what it will do after that, placing a Take Profit Order will close your trade when the currency reaches that position.

Example:

If you buy the EUR at 1.3300 and you expect the price to rise, you can set a take profit order to sell at 1.3350. When the market reaches 1.3350, your Take Profit Order is executed and the position is closed.

Stop Loss order

A Stop Loss order allows traders to set an exit point for a losing trade when they define their risk and offset their trade accordingly. This adds a level of protection for traders, insuring that they will not lose more than they are able to deal with if a market position drops.

Example:

If you buy the EUR at 1.3300 and you expect the price to fall, you can set a Stop Loss order to sell at 1.3250. When the market reaches 1.3250, your Stop Loss Order is executed and the position is closed.

Limit Orders

A Limit Order is used to open a position (or an exposure) with an order to buy or sell a symbol at a predefined rate. A limit order to type means that a trader wants to buy or sell at a better price than the market rate.

Example:

The EUR/USD rate is 1.33. If a trader wants to buy EUR/USD when the price is more favorable for purchasing, they can place a limit to buy the EUR/USD at 1.32.

Stop Limit Order

A Stop Limit Order is used to open a position (or an exposure) with an order to buy or sell a symbol at a predefined rate. A stop limit order to type means that a trader wants to buy or sell at a worse price than the market rate.

Example:

The EUR/USD rate is 1.33. If a trader wants to buy EUR/USD when the price is less favorable for purchasing, they can place a limit to buy the EUR/USD at 1.34.

If Done Order

An If Done order is used to open a Limit Order or Stop Order if the market reaches a specific position and a specific purchase or sale is made. If that occurs, an If Done Order specifies future limits for the currency rate of your choice.

Example:

The market rate is 1.3300. A Limit order is placed to buy if the market reaches 1.3200. An If Done Order can be set to place a Stop Loss order at 1.3100 and a Take Profit order at 1.3300 if the purchase of Euros is made at 1.3200.

*In the event of intense rate volatility, the Stop Loss order will be executed at the best rate possible for the trader that is past the Stop Loss Limit. This may occur during market hours, or during the period of time when the market is closed for that commodity or currency. In these situations, the order will be implemented at the nearest possible market rate during the execution. An order/limit does not promise that an order will be executed at that rate.