Order Types

iSPEED FX features 7 popular order types –

  1. AS Streaming
  2. AS SPEED
  3. Streaming
  4. Leave Order (Stop Loss or Limit Order)
  5. IFD
  6. OCO
  7. IFO
AS Streaming


You can manage to open or close any amount of positions by checking the average rates and floating P/L of all your existing positions, and the usable margin in the same screen.

 

During the high market volatility, to assist you on managing the risk, you could close all open positions of the same currency pair by click the “Close All” button.

 

Please note that once AS Streaming order is submitted, existing open position(s) in the opposite direction will be closed automatically.

 

Please note that after AS Streaming order is submitted, the associated outstanding Leave Order will be cancelled automatically.

 

AS Streaming supports different sequence of closing position e.g. FIFO, LIFO, P/L Loss, P/L Profit. You can change your setting at “AS Streaming Settings”.

AS SPEED
(Only available on iSPEED FX)


Similar to AS Streaming and it would follow the sequence of closing position setting of AS Streaming. what’s different from AS Streaming is, it shows chart simultaneously on the screen.
Streaming


Type 1: Open by Streaming
You can set order details eg. Amount, B/S and slippage on the screen, and set the limit, stop and the expire by clicking advanced button, before you click the Order Confirmation button.
Type 2: Close by Streaming
You can click the Blotter button at the bottom of the screen to choose the position you are holding for Close by Streaming. You can check the expected P/L and other details before you click the Buy/Sell button to close the chosen position.
Leave Order


Type 1: Open by Leave Order
You can set order details eg. Amount, B/S, limit, stop, and expire, before you click the order confirmation button.
Type 2: Close by Leave Order
You can click the Blotter button at the bottom of the screen to choose the position you are holding for Close by Leave Order. You can check the floating P/L and set limit, stop or trailing with expire before you click the order confirmation button.
IFD


IFD (If Done) is an order allow you to set two-part (Entry order and Close order) together, if the Entry Order part is executed, the Close Order part will be activated accordingly.

 

Unlike AS Streaming and Streaming orders, you cannot set slippage for IFD Orders. Please be aware of potentially unlimited slippage may occur.

OCO


Type 1: Open by OCO
You can set order details eg. Amount, order pattern with expire all together etc. before you click the order confirmation.
Type 2: Close by OCO
You can click the Blotter button at the bottom of the screen to choose the position you are holding for Close by OCO. You can check the floating P/L and set limit AND stop or Trailing with expire before you click the order confirmation button.
IFO


IFO (If Done OCO) is a combination of an IFD and an OCO order together, which means set an IFD entry order and 2 corresponding OCO close orders at one setting. Once the IFD entry order is executed, 2 OCO close orders will be activated accordingly, but only one side of an OCO order will be executed, upon execution, the remaining OCO order will be cancelled automatically.
Unlike AS Streaming and Streaming orders, you cannot set slippage for IFO Orders. Please be aware of potentially unlimited slippage may occur.
Glossaries Description
Amt All order amount (lot size) are set defaulted as 10,000 base size, you could change to 1,000 base size by click the “x10,000” button
Pip Cost The Pip Cost gives you the pip value for each currency pair, it will update according to the exchange rate
Init Mr Total Initial Margin used to open the positions
Slippage The pips difference between the order rate and execution rate allowed during order execution
B/S Buy order or Sell order
Input by You can either set stop/limit rate by manual input the target rate or click quick input to adjust number of pips from open price of the streaming order
Expire The time when order expired (Day(end or trading hour of the day)/Week(end of trading hour of the week)/GTC(until executed or manually cancelled)

SET DEFAULT TRADE TYPE FOR RATE PANEL

  1. Tap “Menu” > “settings” ,
  2. Tap “Transition Destination from Rate Panel” under trade catagory
  3. Select a “Trade” type (Charts / AS SPEED / Entry# / Close / Close ALL / AS Streaming / Display All Options Every Time)
  4. Tap “Rates” at the bottom, tap any “currency pair”
  5. You will be transited from rate panel to your selected trade type

# “Entry” order includes “Streaming”, “Leave Order”, “IFD”, “OCO”, “IFO” order types.

 

 

 

 

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^ Rakuten Securities was ranked as the world’s fifth largest retail forex broker by volume in August 2017 from Finance Magnates.
Ŧ Only available for clients who hold a Rakuten FX account.
¤ Fixed spreads are offered in Rakuten FX account during at least 95% of the time of the monthly core-time trading period (8am to 2am HKT of every trading day). However it is not guaranteed and it shall not apply to the extreme markets circumstances, include but not limit to low liquidity, high volatility, news events and public holidays. During extreme markets circumstances, spreads may widen beyond the offered spreads. Please always refer to the trading platforms for the most updated spreads.
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