Unique trading terms on Forex market are available to any Сustomer of the «RVD Markets Limited» Сompany on the following types of STP/ECN accounts:

Type of account depending on clearing ECN1
Account currency USD, EUR, RUB, UAH USD
Minimum deposit 100 USD
100 EUR
3000 RUB
800 UAH
100 USD
Commission for a round-turn trade for 1 lot (100 000 USD) 5 USD / 4 EUR / 160 RUB / 40 UAH 8 USD
Leverage (USD or equivalent)2    
From 0 to 5000
Up to 1:1000 1:100
From 5000 to 15000
Up to 1:500 1:100
From 15000 to 30000
Up to 1:200 1:100
From 30000 to 500000
Up to 1:100 1:100
More than 500000
Up to 1:50 1:100
Minimum volume4 order / Increment (lots) 0.01 / 0.01 0.1 / 0.01
Maximum order volume (lots)5 unlimited unlimited
Order execution Market Execution6 Market Execution
Levels of Margin call /Stop out 100% / 50% 100% / 50%
Spread / Swap floating / floating7 floating / floating7
Open account Open account

In the FOREX market there are the following types of orders:

Market orders - provide the fastest possible execution in any situation and under any market volatility. In this case you do not know exactly at what price your order will be executed. Feature - you can carry out heavy losses due to the spread, especially with low-liquid instruments with a wide spread of highly liquid instruments, or, in moments of expansion spread (often this occurs at the end of the trend movement).

Limit orders - allow you to choose at what price you want to execute the order. These orders are useful for working with tools with low volatility, as a guarantee that your order will be executed at specified by you or better price. Feature - limit orders don't give a guarantee of execution and can be executed partially.

Stop-limit order - is a complete control over the situation. Like a stop order is executed only when the specified price is reached. In contrast to the stop order, a stop - limit order becomes a limit order rather than a market order at the specified price. The drawdown on these orders is possible the same as the limit, that is, if the price is not reached, the order will not be executed.

All pending orders can be put inside the spread at a minimum distance of 1 fractional (a small pip, or 5 digit after the decimal point) from the market.

Thus, the main differences between the types of orders:

  • Limit Order - is guaranteed the specified price, there is no execution guarantee;
  • Market order - is guaranteed execution, but the price isn't guaranteed;
  • Stop Order - becomes a market at the moment of achievement of the specified level of the price.

The technical capabilities of Metatrader allow you to display the price chart, but, unfortunately, do not reflect the full situation on the market, namely the presence of the price and number of ticks at this price. I.e., if a chart has crossed the level of your order and you see a blinking yellow in your MT4 terminal, this absolutely does not mean that the order will be executed. Often at achievement by the order of the necessary price, it exists too small period of time and the market leaves from it therefore the order doesn't manage to be executed in view of the fact that the software system of execution of orders had no time to process this order. It also requires a sufficient volume to execute at that price, if the volume was dismantled, then it could be not enough, and therefore an order is not executed. Pay attention that feature of execution on bank means by itself at first a covering of demands with large volume and in the last turn with the smaller. Professional traders understand that according to statistics, even on a regulated stock markets is not executed on the spot prices up to 20% of all orders. It needs to be considered in the strategy and be taken for statistical norm.

Partial close is a standard feature of the MetaTrader 4 platform, allowing Customers to close a portion of the open positions manually by dividing the initial size of the lot into smaller parts. This function gives Clients the opportunity to close a part of positions at different price levels, and also allows the Trader to fix a portion of the profit, leaving some of the open positions in the market, as the market moves further in the right direction.

Partial close is usually used, in order to reduce losses and increase profits.

Let's look at an example of partial closing of the trading position:

Imagine that a Trader opens a standard of 0.5 lot, the pair GBPUSD at the price of 1,62638 (#9399348). Right after it in MT4 Trade tab he sees the rented commission in proportion to open volume, pic. 1.1.

Picture 1.1
Pic 1.1.

Then the Trader decides to close the volume of 0.3 of a standard lot. To close a position in part, the Trader must right-click on the line corresponding order and select in the context menu "Close". In the appeared window the Trader should enter the size of a lot, which would like to close and press "Close" button pic. 1.2.

Pic. 1.2.

After the confirmation of transactions closed part of the position is fixed in the tab "Account history" with corresponding comments. The Commission for 0.3 of a standard lot is withdrawn from the account and is indicated in the tab "Account history". The Commission is charged proportionally to the volume of position, Pic. 1.3.

Picture 1.3
Pic 1.3.

The remaining part of the order #9399348 (0,2 standard lot) again will reopen at 12:58 server time at the price 1,62638 (the price of opening of the order #9399348) with a new number #9399601. The Commission is charged for 0.2 standard lot and is displayed in the column "Commission", pic 1.4.

Picture 1.4
Рис 1.4.

The example given above shows how it works the partial closing, when a Client makes it manually. However, the position can be closed partly in periods of low liquidity. For example, if the level of TP (take profit) is reached, the position will be automatically closed partly because of the lack of liquidity.

Let's consider this case on an example.

A Client placed a Buy Order (#****847), 0.50 standard lots of AUD/USD at 1.04642, SL 1.04653 and TP 1.04730. When the Best Bid price reached the TP level, the ECN market place did not have an exact matching counter-order. In fact, at the moment when the TP level (1.04730) was reached, the ECN had a matching counter-order of 0.10 lots only, instead of the required 0.50 lots. According to the Trading Platform features, the order was closed in full volume and the profit for 0.50 lots was added to the account balance. The remaining 0.40 lots were re-opened at 1.4730 (exactly the closing price for #****847) with a new ticket number (#****983 ) and closed at the same price with zero profit when the Best Bid reached the TP level again. In this example the ECN did not have a matching counter-order of 0.40 lots on the market to close the position in full again. The following 3 orders: #****985, #****989, #****002 were re-opened/closed the same way. So, one Buy Order of 0.50 standard lots was closed gradually by 5 orders as they were entered by other market participants. Pic 2.1

Picture 2.1
Pic 2.1.

Right after the Trader opens the order, in MT4 “Trade” tab he sees the round turn commission charged .The commission for 0.50 standard lots is deducted from the account balance once the order is closed in full volume. Note! The commission is deducted just once.

The re-opened order #****983 will remain open until the closing price 1. 04730 is reached. If the price goes in the opposite direction and the closing price cannot be reached, the Client will suffer loss.

Here you can see illustration of the above example;

Picture 2.2
Pic 2.2.

Similarly there is an opening of the pending limit orders (Buy Limit and Sell Limit).

Basic data Result
        To get the result, enter the data and click the button "Calculate".
        Калькулятор в стадии отладки, значения могут не совпадать с истинными в МТ4 терминале.
        • Forex
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        • AUD/CADAustralian Dollar vs Canadian Dollar
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        • CHF/ZARSwiss Franc vs South African Rand
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        • GBP/AUDGreat Britain Pound vs Australian Dollar
        • GBP/CADGreat Britain Pound vs Canadian Dollar
        • GBP/CHFGreat Britain Pound vs Swiss Franc
        • GBP/CNHGreat Britain Pound vs Chinese Offshore Yuan
        • GBP/CZKGreat Britain Pound vs Czech Koruny
        • GBP/DKKGreat Britain Pound vs Danish Krone
        • GBP/HKDGreat Britain Pound vs Hong Kong Dollar
        • GBP/HUFGreat Britain Pound vs Hungarian Forint
        • GBP/JPYGreat Britain Pound vs Japanese Yen
        • GBP/MXNGreat Britain Pound vs Mexican Peso
        • GBP/NOKGreat Britain Pound vs Norwegian Krone
        • GBP/NZDGreat Britain Pound vs New Zealand Dollar
        • GBP/PLNGreat Britain Pound vs Poland Zloty
        • GBP/SEKGreat Britain Pound vs Swedish Krone
        • GBP/SGDGreat Britain Pound vs Singapore Dollar
        • GBP/TRYGreat Britain Pound vs Turkish Lira
        • GBP/USDGreat Britain Pound vs US Dollar
        • GBP/ZARGreat Britain Pound vs South African Rand
        • HKD/JPYHong Kong Dollar vs Japanese Yen
        • MXN/JPYMexican Peso vs Japanese Yen
        • NOK/JPYNorwegian Krone vs Japanese Yen
        • NOK/SEKNorwegian Krone vs Swedish Krone
        • NZD/CADNew Zealand Dollar vs Canadian Dollar
        • NZD/CHFNew Zealand Dollar vs Swiss Franc
        • NZD/DKKNew Zealand Dollar vs Danish Krone
        • NZD/JPYNew Zealand Dollar vs Japanese Yen
        • NZD/SEKNew Zealand Dollar vs Swedish Krone
        • NZD/SGDNew Zealand Dollar vs Singapore Dollar
        • NZD/USDNew Zealand Dollar vs US Dollar
        • SEK/JPYSwedish Krone vs Norwegian Krone
        • SGD/JPYSingapore Dollar vs Japanese Yen
        • TRY/JPYTurkish Lira vs Japanese Yen
        • USD/CADUS Dollar vs Canadian Dollar
        • USD/CHFUS Dollar vs Swiss Franc
        • USD/CNHUS Dollar vs Chinese Offshore Yuan
        • USD/CZKUS Dollar vs Czech Koruny
        • USD/DKKUS Dollar vs Danish Krone
        • USD/HKDUS Dollar vs Hong Kong Dollar
        • USD/HUFUS Dollar vs Hungarian Forint
        • USD/ILSUS Dollar vs Israeli New Shequel
        • USD/JPYUS Dollar vs Japanese Yen
        • USD/MXNUS Dollar vs Mexican Peso
        • USD/NOKUS Dollar vs Norwegian Krone
        • USD/PLNUS Dollar vs Poland Zloty
        • USD/RUBUS Dollar vs Russian Rouble
        • USD/SEKUS Dollar vs Swedish Krone
        • USD/SGDUS Dollar vs Singapore Dollar
        • USD/TRYUS Dollar vs Turkish Lira
        • USD/ZARUS Dollar vs South African Rand
        • ZAR/JPYSouth African Rand vs Japanese Yen
        • XAG/USDSilver vs US Dollar
        • XAU/USDGold vs US Dollar
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          − For candles with the periods in "Tics" and "Second" is valid restriction on the maximum interval to date in 3 months.

          − Instructions for downloading historical data for the terminals can be found in the FAQs.