FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Try Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Results 1 to 12 of 12

Thread: Clarifications About The "5 Lotes Rule"

  1. #1
    Piplet
    Join Date
    Apr 2007
    Posts
    2
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Clarifications About The "5 Lotes Rule"

    Good day for all

    I would like to expose same questions about the "5 lote rule":

    1) can i acumulate more than 5 lotes on any particular pair/cross...for instance: open 5 lotes in eur/usd at time X.....then open more 5 lotes in eur/usd at time X + y "seconds/minutes/hours/days".. etc

    2)please, clarify the next cenario:

    "Maximum trading size is 5 lots (500,000 units of base currency)"

    trade1: open 2.5 lotes in eur/usd
    trade2: open 2.5 lotes in eur/jpy
    trade3: open 3 lotes in eur/gbp

    in this situation can i say that there is a total of 8000 euro units open in my account and so i will be disqualified ?

    3) please can you(the Administration) clarify , with detail, this "5 lote rule"


    breakmov

  2. #2
    In Profit rodman21's Avatar
    Join Date
    Mar 2007
    Location
    Cairo, Egypt.
    Posts
    118
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by breakmov1 View Post
    Good day for all

    I would like to expose same questions about the "5 lote rule":

    1) can i acumulate more than 5 lotes on any particular pair/cross...for instance: open 5 lotes in eur/usd at time X.....then open more 5 lotes in eur/usd at time X + y "seconds/minutes/hours/days".. etc

    2)please, clarify the next cenario:

    "Maximum trading size is 5 lots (500,000 units of base currency)"

    trade1: open 2.5 lotes in eur/usd
    trade2: open 2.5 lotes in eur/jpy
    trade3: open 3 lotes in eur/gbp

    in this situation can i say that there is a total of 8000 euro units open in my account and so i will be disqualified ?

    3) please can you(the Administration) clarify , with detail, this "5 lote rule"


    breakmov


    This issue has been clearly answered before. Yes you can do that, the rule states you can only open trades upto 5 lots PER ONE TRADE, so the fact is you can walk around this rule by opening multiple 5-lots positions.

  3. #3
    Piplet
    Join Date
    Apr 2007
    Posts
    2
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    thank you very much.

    breakmov

  4. #4
    In Profit Master's Avatar
    Join Date
    Mar 2007
    Posts
    139
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by rodman21 View Post
    This issue has been clearly answered before. Yes you can do that, the rule states you can only open trades upto 5 lots PER ONE TRADE, so the fact is you can walk around this rule by opening multiple 5-lots positions.
    thanks for clearing this out

  5. #5
    AnalistaFx
    Guest

    Default

    Quote Originally Posted by rodman21 View Post
    This issue has been clearly answered before.
    Where?sm_rolleye

    9- Minimum trading size is 0.1 lot (10,000 units of base currency). Maximum trading size is 5 lots (500,000 units of base currency).

    Where is 5 lots per trade?

    Someone of the administration can say something about this?
    Last edited by AnalistaFx; 05-01-2007 at 09:42 AM.

  6. #6
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
    Join Date
    Feb 2007
    Location
    On the moon
    Posts
    10,853
    FXO Shares
    58
    FXO Bonus
    470.989
    Thanks
    48
    Thanked 477 Times in 187 Posts

    Default

    Quote Originally Posted by breakmov1 View Post
    Good day for all

    I would like to expose same questions about the "5 lote rule":

    1) can i acumulate more than 5 lotes on any particular pair/cross...for instance: open 5 lotes in eur/usd at time X.....then open more 5 lotes in eur/usd at time X + y "seconds/minutes/hours/days".. etc

    2)please, clarify the next cenario:

    "Maximum trading size is 5 lots (500,000 units of base currency)"

    trade1: open 2.5 lotes in eur/usd
    trade2: open 2.5 lotes in eur/jpy
    trade3: open 3 lotes in eur/gbp

    in this situation can i say that there is a total of 8000 euro units open in my account and so i will be disqualified ?

    3) please can you(the Administration) clarify , with detail, this "5 lote rule"


    breakmov
    You can open max 5 lots per 1 position. Amount of positions -ANY (if you have enough FREE MARGIN)
    [IMG=floatLeft]http://forum.fxopen.com/ads/sign.png[/IMG]
    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

  7. #7
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
    Join Date
    Feb 2007
    Location
    On the moon
    Posts
    10,853
    FXO Shares
    58
    FXO Bonus
    470.989
    Thanks
    48
    Thanked 477 Times in 187 Posts

    Default

    Quote Originally Posted by AnalistaFx View Post
    Where?sm_rolleye

    9- Minimum trading size is 0.1 lot (10,000 units of base currency). Maximum trading size is 5 lots (500,000 units of base currency).

    Where is 5 lots per trade?

    Someone of the administration can say something about this?
    Yes, already answered.
    [IMG=floatLeft]http://forum.fxopen.com/ads/sign.png[/IMG]
    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

  8. #8
    Intraday Master
    Join Date
    Apr 2007
    Posts
    350
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    looks like the name Fx Egypt Manager is shared by many people?

  9. #9
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
    Join Date
    Feb 2007
    Location
    On the moon
    Posts
    10,853
    FXO Shares
    58
    FXO Bonus
    470.989
    Thanks
    48
    Thanked 477 Times in 187 Posts

    Default

    Quote Originally Posted by goldsniper View Post
    looks like the name Fx Egypt Manager is shared by many people?
    I am one and only! But sometimes I have support .
    [IMG=floatLeft]http://forum.fxopen.com/ads/sign.png[/IMG]
    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

  10. #10
    Intraday Master
    Join Date
    Apr 2007
    Posts
    350
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Just asking... you're not the same person in the chat support aren't you? The one helping me in the YM chat ??

  11. #11
    Bullish TranCer's Avatar
    Join Date
    May 2007
    Posts
    55
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    if you are chatting with fxegyptmanager ... he is same

  12. #12
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
    Join Date
    Feb 2007
    Location
    On the moon
    Posts
    10,853
    FXO Shares
    58
    FXO Bonus
    470.989
    Thanks
    48
    Thanked 477 Times in 187 Posts

    Default

    Quote Originally Posted by TranCer View Post
    if you are chatting with fxegyptmanager ... he is same
    Same Label TranCer
    [IMG=floatLeft]http://forum.fxopen.com/ads/sign.png[/IMG]
    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2017 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us