FASS Accounts - Scalping, Hedging, Phone Dealing
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» FASS Accounts - Scalping, Hedging, Phone Dealing
Scalping, Hedging, Phone Dealing in FASS Accounts
FASS ECN accounts allow scalping without limitations.
FASS Standard accounts allow scalping with the following limitations:
• Stop Loss, Take Profit and Pending Orders 10 pips or more away from the current price;
• Most of the trades must be open for more than 1 minute.
Your trades may stay open for several seconds only and you can place Stop Loss, Take Profit and Stop and Limit Orders within the spread (1 or 2 pips away from the current market price).
Hedging in FASS accounts is allowed. Hedging ― a position or combination of positions that reduces the risk of your primary position. This means you may open a BUY and a SELL trade on the same currency pair with the same volume at the same time. FXOpen requires 50% Margin for hedged positions.
Phone dealing is available in FASS accounts. This service can apply in emergency cases, you can ask the broker to close an open position if the trading platform is not available at that moment. Learn more about etiquette for trading operations via telephone.