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MetaTrader 4 Trading Details

Trading Details and Specifications

There are certain Platform specifications that are unique to all the Platforms we offer, including trading hours, order types, margin call info and PC specifications.

MetaTrader 4

Trading Hours

Standard Time

22:00 (GMT) Sunday

21:00 (GMT) Friday

 
During US Daylight Saving Time (Summer Time)

21:00 (GMT) Sunday

20:00 (GMT) Friday

*Please note that the platform connection will be cut at 21:55 and will be open at 22:10 (20:55 and 21:10 during US daylight saving hours) on Monday, Tuesday, Wednesday and Thursday due to the daily processing of the rollover and your orders will not be filled during this maintenance period.


Financial Instruments

46 currency pairs See full list Trading Tools Charting
Indicators
Trading denomination Trade in lots Risk Management Stop, Limit, Pending, Trailing Stops
Minimum trade size 1,000 units (0.01 Lot) Minimum distance for Orders 3 pips (30 points) from current market price
Max Order Trade Size See full details Margin From 0.33% on Majors
See full details
Execution Market execution Leverage Up to 1:300
Forex Spreads Typical Spreads from 1.9 pips
5 decimal places
See full list of spreads
Auto Margin Call Stop Out At Margin Level of 100%
All open positions are closed
Commissions No Commissions Minimum deposit No deposit requirement to open an account
Platform
Base Currencies
GBP. USD, EUR Payment fees See full details
Trading features All trading strategies
EA availability - no restrictionsaccepted
Withdrawal fees See full details
Platform selection Download Demo account Yes

Order Types

Market Order
Pending Order
Stop Loss Order
Take profit Order
Trailing Stop Order
※ Please refer to the Trading Manual to learn about placing an order on the platform.


※ Stop and Trailing Stop Order Execution
Please note that when the stop price for Stop or Trailing Stop Order is reached, a stop order becomes a market order (an order to buy or sell at the current market price). These orders do not guarantee your order will be executed at the price you had requested.

※ Limit Order Execution
Please note that when a Limit Order is reached that order will be executed at your specified price.

Auto Margin Call Stop Out Policy

Hirose Financial UK has implemented a Margin Call Policy to protect its clients from losing more money than the remaining balance in their accounts. Margin calls are automatically executed to close every outstanding position when a client's account has less equity available than margin required to maintain an outstanding position. However, it is important to note that you may be exposed to further loss over and above your initial deposit due to a sudden movement in the underlying price (for example, a change in the underlying price over the weekend) or a time lag in the automatic closure process (for example, no prices are available due to the exotic nature and potential lower liquidity when trading minor or exotic pairs).

When your account Equity level falls below the Margin requirement of your open position the trading platform will then close all open positions without any prior notice to you.


In other words, when account reaches a Margin level of 100%, all positions will be closed.

Example

1.
Your initial deposit is £1,000 (Base Currency is GBP)
Your Account status is:

Balance
1,000
Equity
1,000
Margin
0
Free Margin
1,000
Margin Level
0
Net PL
0

2.
You buy 100 lots (100,000 units) of EURGBP at 0.87500
The margin requirement to open the position is .33% of the notional value of the trade
Notional Value = Price (0.87500) x Lot Size (100,000 Euros) = £87,500
Margin Requirement = £87,500 x .33% = £288.75

Your Account status is now:

Balance
1,000
Equity
1,000
Margin
288.75
Free Margin
711.25
Margin Level
346.32%
Net PL
0.00

3.
EURGBP then falls to 0.86788 after a news announcement creating a loss of £712
(0.86788 - 0.87500) x 100,000 = £712

Your Account status is now:

Balance
1,000
Equity
288
Margin
288.75
Free Margin
0
Margin Level
99.74%
Net PL
-712.00

In this example Equity has fallen below the Margin requirement to maintain the open position. Or to look at it another way, Margin Level has decreased to a level below 100% meaning that there are not enough funds in the Account to maintain the existing open position. The open position (or all open positions if there are more than one) is then automatically closed.

Margin Level is the ratio (%) of Equity to Margin and calculated as (Equity/Margin) x 100. f Margin Level falls below 100% a margin call is automatically generated to close every open position and any orders that may exist. In other words if Free Margin becomes 0, a margin call is automatically executed.

System Requirements

Operating System (OS) Windows 2000 / XP / Vista / 7
Central Processing Unit (CPU) 2.0 GHz or faster
RAM (Memory) 512 MB RAM (1 GB recommended)
Screen Resolution 1024 x 768 or higher
Internet Connection Modem/connection speed 36.6 Kbps or faster
Browser Internet Explorer version 7.0 / Mozilla FireFox 2.0 or later

Charts

Please note that the charts on the trading platform are generated from the bid rates (not mid or ask rates).

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