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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

21:30 (GMT) Friday

 
During US Daylight Saving Time (Summer Time)

21:00 (GMT) Sunday

20:30 (GMT) Friday

*Please note that the platform connection will be cut at 21:55 and will be open at 22:13 (20:55 and 21:13 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 3.33% on Majors
See full details
Execution Market execution Leverage Up to 1:30
Forex Spreads Typical Spreads from 1.9 pips
5 decimal places
See full list of spreads
Auto Margin Call Stop Out At the 50% of the initial margins
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 50% of the Margin requirement of your open position the trading platform will then close all open positions.


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 0.1 Lots (10,000 units) of EURGBP at 0.87500
The margin reqirement is 3.33%, which is £292

Your Account status is now:

Balance
1,000
Equity
1,000
Margin
292
Free Margin
708
Margin Level
342.46%
Net PL
0.00

3.
EURGBP then falls to 0.7896 after a news announcement creating a loss of £854
(0.7896 - 0.87500) x 10,000 = -£854

Your Account status is now:

Balance
1,000
Equity
146
Used Margin
292
Free Margin
0
Margin Level
50%
Net PL
-854

In this example Equity has fallen below the 50% of the Margin requirement. Or to look at it another way, Margin Level has decreased to a level below 50% 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 50% a margin call is automatically generated to close every open position and any orders that may exist.

System Requirements

OS: Windows 7 and above, or Windows
Server 2008 R2 and above

The hardware requirements are limited by the operating systems requirements.

Charts

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