FXCM Launches Net Stop & Limit Orders for US

FXCM broker announces a return of a great trading feature to FXCM Trading Station – Stop and Limits. FXCM has designed a new set of stop and limit orders which comply with the FIFO rules adopted several months back.

US traders with FXCM forex broker can now use stops on all positions for any one currency pair. The new orders provided by FXCM are called “net stop orders” and “net limit orders”, since they apply to the total positions, or “net” positions in a selected pair.

FXCM forex broker hopes US traders will find the new features practical and beneficial. For more information, visit FXCM or read FXCM review

FXCM Broker Offers New Risk Management Option

The new Compliance Rules 2-43(b) states that forex traders will no longer have the ability to place stop-loss or limit orders. Forex traders will no longer be able to modify or close trades from the ‘Open Positions” window. Hence, any existing stop-loss and limit orders will be removed from FXCM broker accounts after July 31.

 

In order to offer an alternative risk management to traders, FXCM has introduced a new feature called OCO (One Cancels the Other) entry orders, which will provide traders with the same functionality as stop and limit orders except that they are not linked to any position.

Visit FXCM for more information