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Thread: is there any time limit for opening and closing new positions.

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    Default is there any time limit for opening and closing new positions.

    As per an other forex platform there is a time limit for opening and closing of positons likewise the maximum number of short-term positions (shorter than 5 minutes) a trader can have in a 4-hour period is 10. If a trader closes more than 50 short-term positions or more than 200 total positions in 7 consecutive days, the trader's account will be temporarily prevented from sending new orders into the market. Please note that these limitations refer to aggregate number of positions on both live and virtual trading desks. According to that platform
    this policy has been introduced to limit the excessive number of short-term positions a trader can execute and to limit the overall number of positions in order to better control the load on their servers.

    Please let me know if there is any such type of restriction at fxegypt?

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by parm001 View Post
    As per an other forex platform there is a time limit for opening and closing of positons likewise the maximum number of short-term positions (shorter than 5 minutes) a trader can have in a 4-hour period is 10. If a trader closes more than 50 short-term positions or more than 200 total positions in 7 consecutive days, the trader's account will be temporarily prevented from sending new orders into the market. Please note that these limitations refer to aggregate number of positions on both live and virtual trading desks. According to that platform
    this policy has been introduced to limit the excessive number of short-term positions a trader can execute and to limit the overall number of positions in order to better control the load on their servers.

    Please let me know if there is any such type of restriction at fxegypt?
    No, there aren't any limits.
    [IMG=floatLeft]http://forum.fxopen.com/ads/sign.png[/IMG]
    Denis Peganov
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    FXOPEN NZ LIMITED
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    Thanks a lot manager,for favorable clarification

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    Quote Originally Posted by parm001 View Post
    As per an other forex platform there is a time limit for opening and closing of positons likewise the maximum number of short-term positions (shorter than 5 minutes) a trader can have in a 4-hour period is 10. If a trader closes more than 50 short-term positions or more than 200 total positions in 7 consecutive days, the trader's account will be temporarily prevented from sending new orders into the market. Please note that these limitations refer to aggregate number of positions on both live and virtual trading desks. According to that platform
    this policy has been introduced to limit the excessive number of short-term positions a trader can execute and to limit the overall number of positions in order to better control the load on their servers.

    Please let me know if there is any such type of restriction at fxegypt?

    what particular broker is this? can you inform us also about this.. if admin will allow can you mention the name of the broker?

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    Quote Originally Posted by dollar_earner View Post
    what particular broker is this? can you inform us also about this.. if admin will allow can you mention the name of the broker?
    I think I know who it is. PM me if you want my thoughts.
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    Quote Originally Posted by RebateFX.com View Post
    I think I know who it is. PM me if you want my thoughts.
    i have no objection if admin allows me to openly disclose the name of broker here.

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    Quote Originally Posted by parm001 View Post
    i have no objection if admin allows me to openly disclose the name of broker here.
    We don't say the "M" word here. You get your mouth washed out with soap toothy9
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    Quote Originally Posted by dollar_earner View Post
    what particular broker is this? can you inform us also about this.. if admin will allow can you mention the name of the broker?
    This is ********* that have such restrictions

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    Such limits are not very common in Forex. These are the limits introduced by *********, plus many other limits.

    This is the reason that FxEgypt is good broker as compared with other brokers.

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    I would also appreciate this clarification but I would appreciate more the clarification of the short and long term position. I am absolutely a beginner and I need help. I hope I could get help. Just in case you need my e-mail its [email protected]
    I have already added [email protected] to the adress book and I am awaiting a reply.
    and thanx for your undeniable efforts

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    Quote Originally Posted by eft400 View Post
    I would also appreciate this clarification but I would appreciate more the clarification of the short and long term position.
    You don't need any more clarification. All you need to know is that there are no limits placed on your trading at FX Egypt. You are free to trade as you want to.
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    One question .
    If all different brokers put numerous restrictions there must be a reason. Why does fx broker have no restrictions?

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    Quote Originally Posted by mahanidhi View Post
    One question .
    If all different brokers put numerous restrictions there must be a reason. Why does fx broker have no restrictions?
    Because those Bucketshops don't want you to win too often as it depletes their pool of money.
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    So I am supposed to believe that Fxegypt is the honest and god-faring type.
    (no offence)

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    Quote Originally Posted by mahanidhi View Post
    So I am supposed to believe that Fxegypt is the honest and god-faring type.
    (no offence)
    They haven't done anything to make you believe otherwise?
    Jafar Calley - Director
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