The 0.1 lot trade opened with a Margin requirement of $27 will be subject to a Margin Call when account Equity falls to $5.4 or less. When the Equity falls below $2.7 the order will be closed automatically by Stop Out.

On ECN accounts Margin Call happens when Margin level falls below 100%. Losing orders are closed automatically by Stop Out at Margin level of less than 50%.

The 1 lot trade opened on ECN account with a Margin requirement of $300 will be subject to a Margin Call when the account Equity falls to $300 or less. When the Equity falls below $150 the order will be closed automatically by Stop Out.

Please note that if the order was closed by Stop Out, this will be shown in the MetaTrader trading terminal. Open the Terminal window > Account History tab and check the column Comment. If the column is hidden, right-click in the tab and select Comments.

• A Take profit order is triggered.
• A Stop Loss order is triggered.
• You close the order manually because you need more free assets for another position.
• The broker closes a losing position by Stop Out.

Pip (percentage in point) is the smallest change in four decimal place currency quotes (as well as in two decimal place quotes for pairs containing JPY). The fifth digit after the decimal point in quotes for currency pairs (as well as the third one for pairs with JPY) shows the price change discreteness within the four (two) decimal place quotes, i.e. the minimum quote change.

Quotes with 5 decimal places allow better transparency and better ability to catch better deals. For example, instead of 2 pips spread (1.5030 Bid 1.5032 Ask), a trader can get a 1.7 pip spread (1.50301 Bid 1.50318 Ask).

To know what a pip is in 5 digit quote, take the exchange rate and count 5 digits backwards. For instance, the EUR/USD is at 1.00615. Count 5 digits from the first: 1, 0, 0, 6, 1. The 1 is the 5th digit in the quote and it's at the 4th position after the decimal point, so a pip for the EUR/USD is 0.0001. The last digit in 5 decimal pricing is a ‘fractional’ pip. In our example is 8.1 ‘fractional’ pip is 0.1 of a pip. To calculate pip value you can use the following formula:

Example 1. 0.1 standard lot EUR/USD at the price 1.33391.

Example 2. 0.1 standard lot USD/JPY at the price 84,058.

A pip is calculated by the quote currency (the second one in the pair). To calculate pip value you can use the following formulas and examples:

Example 1

Example 2

Example 3

Example 4

To calculate pip value for Gold/Silver you can use the following formula:

Example 5. 0.1 lot Gold.

Example 6. 10 lots Silver.

 

During a specific period of time (Freeze Time) before, during and after an economic event announcement (news) Pending Buy and Sell Stop orders cannot be placed, closed, deleted or modified. These restrictions apply to a single Buy/Sell Stop Pending order, as well as to opposite Buy/Sell Stop Pending Orders. By opposite (or ‘Corresponding’) stop orders we mean two stop orders (a Buy Stop and a Sell Stop) placed on the same currency pair, at the same time.

If you try to place, modify or close a Buy/Sell Stop Pending Order during the Freeze Time, you will see an error message in your MetaTrader.

On the average, the Freeze Time period begins several tens of seconds before a news announcement, but its exact duration may vary depending on the nature and importance of the economic event.

According to the Definitions for Market Maker accounts:

Freeze Time – defined by Company the period of time before the event announcement. The Company has the right, at its sole discretion, to define the value of the Freeze Time depending on the situation on the currencies market and on the character of the event.

For more information, please, see section 3.5 of the Terms of Business for Market Maker types of accounts: The Company can refuse opening, modification and deletion of all Pending Orders including Corresponding Pending Orders during the Freeze Time.

As a rule, Sell Stops are filled on our Bid, and Buy Stops are filled on our Ask. This allows FXOpen to fill client’s orders at the rate they requested in almost every case. In the rare cases when the market gaps over a requested Stop Loss rate, the position will be closed at the first available quote which is presented in the quotes flow instantly after the price gap. This is an important point for traders who are accustomed to being filled on sell stops when the offer reaches the requested order rate. For example, if a Stop order is placed to sell USD/CHF at 1.4549, the trader will be filled when the bid reaches 1.4549 (i.e. the bid/offer is 1.4549/53).

A Trade order placed for a specific amount of time to buy or sell a foreign currency, it will be pending until the time you set or until you cancel it.

* Only USD containing currency pairs can be used to calculate Stop Out prices for cross-rates since it is impossible to foresee exchange rates of two currency pairs at one and the same time in future.

	Short	Long
USD base
USD quote

where

P&L — is Profit and Loss;

Equity — is the account balance plus unrealized gains and minus unrealized losses.

Starting February 2nd, 2015 traders will be charged an additional commission for overnight positions on ECN Islamic accounts. The commission equals to SWAP.

Commission is charged on rollover and is displayed in the Terminal section in MT4. For ECN account the rollover commission is added to the commission for opening a trade. Current SWAPs are available in MT4 in Market Watch → Symbols → Properties.

The system performs an automatic pre-deal check for Margin availability, and will only execute the deal if the client has sufficient Margin funds in his or her account. To calculate the Margin it is required to open a trade, you can use the following formula:

Example 1. Leverage=1:200, volume=0.1, EUR/AUD:

EUR/USD (Market price is 1.3843/45).

Long	Short

Example 2. Leverage=1:200, volume=0.1, CHF/JPY:

USD/CHF (Market price is 0.9883/0.9886).

Long	Short

Example 3. Leverage=1:200, volume=0.1, USD/CHF.

Long	Short

Example 4. Leverage=1:200, volume=0.1, NZD/USD:

NZD/USD (Market price is 0.7502/0.7507).

Long	Short

Use the universal calculator

All positions (Depending on Account Type) which are remaining open at 23:59:30 Trading Platform Time (Server Time) are subject to rollover. The SWAP is calculated and added to or deducted from the Customer’s account during the time period between 23:59:00 and 00:05:00. The exact time will be selected by the Company on its sole discretion.

To look up swap rates in the MetaTrader:

• Right-click in the Market Watch window.
• Select Symbols.
• Choose the currency pair in the pop up window.
• Click Properties on the right. You will see swap long and swap short.