Trading Information
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).