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Thread: Clarifications About The "5 Lotes Rule"

  1. #1
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    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
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    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.

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    thank you very much.

    breakmov

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    In Profit Master's Avatar
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    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
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    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 08:42 AM.

  6. #6
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    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)

  7. #7
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    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.

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

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

  12. #12

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