Execution Rules

At ADVANCED-FOREX we are dedicated to the highest degree of performance and transparency, offering the most competitive trading forex platform and conditions available. This section is dedicated to explaining the intricacies of the Forex market and our policies on trading execution. We suggest to our clients that they read this section closely so as to be fully aware of the following conditions This will enable the forex trader to trade within a fully transparent environment - ADVANCED-FOREX regards execution and transparency as paramount.

Trading during open hours:

Open and continuous Forex trading hours are from 23:00 CET Sunday to 23:00 CET Friday (be aware that Gold and Silver trading is only available from 07.30 CET till 22.30 CET). During these times the platform is fully tradable and the dealing desk ( +41 58 226 22 02 +41 58 226 22 02 ) is open. Our 24 hour customer support desk is on hand to help you with any platform related issues.

Normal market conditions:

• In normal market conditions (Liquid, low volatility) - spot orders will be executed at the price the client clicks on (WYCIWYG)- no slippage.
• "Close at market best" orders will execute the client's trade at the best market price possible. This may be in the client's favour or against.
• Spreads quoted are as low as 0.9 pip. ADVANCED-FOREX taps into 70% of global Foreign Exchange liquidity through its numerous Liquidity providers. These providers are amongst the largest financial institutions in the world.
• Stop and Limit orders will be executed once the market has reached the client's designated price which can also be called the "trigger" (Ask on a Buy and Bid on a Sell). Stop and Limit orders will be executed at the best market price - this may be for or against client's benefit.

Volatile Markets:

During forex market moves, news events or particularly active markets, i.e. volatile market conditions, spot orders will be executed at market price if prices haven't moved in the accepted response times. The client will not be filled at a different price than which was clicked, by the forex trader, in normal market conditions (trade rejection).

Once the forex market has reached the client's designated price, which can also be called the "trigger" (Ask on a Buy or Bid on a Sell), Stop and Limit orders will be executed. These orders will be executed at the best market price - this can be for or against the client's benefit.

During volatile markets spreads are susceptible to expansion as financial institutions hedge against the elevated risk and exposure in these instances. ADVANCED-FOREX strives to keep these expansions as minimal and temporary as possible, hence our partnerships with multiple liquidity providers to allow our systems to select the best bid and ask prices from amongst our provider banks.

Illiquid or thin markets:

Illiquid markets may occur mostly during a period when market activity is low or during important economic and political announcements. This is due to a lack of buyers and sellers on the global currency market. This is more often just after Sunday opening and NY close on Fridays. Spread enlargement and liquidity freeze usually subsides after Tokyo open at 01:00 - 02:00 CET. In these irregular circumstances spreads may be slightly wider.

Global economic slowdown or interbank credit squeeze, are just a few of the causes that may affect the markets in exceptional cases. During these conditions markets spreads may be enlarged, as a result of the liquidity providers covering their risk.

Guaranteed fills:

Guaranteed fills on all market orders.

Trade mechanics and large ticket sizes:

The base of any financial market is the individual trader buying and selling a specific security. ADVANCED- FOREX has consistently been at the forefront of execution and provides a professional approach to pricing which is at the core of our business developments. Supply and demand is and always will be the fundamental reason for price moves. When an order is greater than an open interest on the market that will allow for it to be transacted, the price moves until the supply meets the demand for a trade.

This same logic is applicable for transactions at ADVANCED-FOREX. Spreads tend to widen out from the moment that a transaction size starts to heavily solicit the liquidity available in the market at the time of the trade. This practice follows market convention and allows for trades of larger size to be priced according to the available liquidity supplied by our liquidity providers. The great advantage of this type of execution is that trading on larger bands becomes seamless and intervention free but has no harmful effects on those clients trading smaller bands under 5 million.

Holiday/Weekend execution:

The weekend starts at 23:00 CET on Friday and ends at 23:00 CET on Sunday (be aware that Gold and Silver trading is only available from 07:30 CET till 22:30 CET). Foreign exchange markets close on the weekends as liquidity drops to untradeable levels. During these times all ADVANCED-FOREX trading platforms are untradable and may only be accessed on a "view-only" basis. Furthermore, the dealing desk and customer support services are suspended during this period.

During the weekend, no spot market orders can be placed into the market and prices will be frozen on the platform (no prices are quoted). This means that no alterations to existing positions or pending orders are possible during this period.

Pending Limit or Stop orders (limit, stop, trailing stop, OCO, IF-DONE, IF-DONE OCO included) will be executed at "Market Best" on the Sunday open - hence the stop or limit order becomes a "spot at market best" order at the opening price.

It is important to remember that there may be market gaps from the Friday close to the Sunday opening. This price gap may result in an open position being liquidated at the first available price on the market open for the corresponding position size.

We at ADVANCED-FOREX urge our clients to take all of this information into account when trading the Foreign Exchange market. Proper use of the powerful tools ADVANCED-FOREX offers and a careful consideration of the risks encountered when trading the global currency markets is of the greatest importance. ADVANCED-FOREX maintains that it offers the most competitive trading conditions and a platform that is constantly updated and revamped with execution reliability and performance in mind.

 

Privacy Policy

Advanced-forex is a professional financial intermediary, which our counter parties are directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, Advanced-forex provides only currency trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which Advanced-forex finds reliable and accurate, but Advanced-forex does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. Advanced-forex cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute Advanced-forex analysis as of the data and are subject to change without notice. Advanced-forex does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.