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CTRADER ORDER EXECUTION
TYPES OF ORDERS
From KIMURA TRADING’s CTrader platform clients may place two types of orders to open and manage their trades. Through its trading platform, KIMURA TRADING allows its clients to execute Market Execution and Pending Orders:
This is an order to either buy or sell at the given ‘ask’ or ‘bid’ price respectively at the best available market rate. This order execution results in the opening (or closing) of a trade. The system automatically aggregates the volume and best prices received from our third-party liquidity providers and quotes the best available price to trade on. Stop and Limit Orders can be attached to a market execution order.
To limit risk and manage their investment strategies, clients can use several pending orders available on the CTRADER platform. The most commonly used are Stop Loss and Limit Orders. All pending orders will remain in the system, unless a condition other than ‘Good till Cancel’ is in place, until executed or cancelled. Different types of pending orders are explained below:
Buy & Sell Limit: These are orders to buy or sell a financial instrument at a pre-defined rate. A buy limit order requires the pre-defined rate to be lower than the current market rate while a sell limit order requires the pre-defined rate to be higher. As soon as the market hits the limit price, the limit order is treated and executed as a market order at the pre-defined rate.
Buy & Sell Stop Orders: These are orders to buy or sell a financial instrument at a pre-defined rate. A buy stop order requires the pre-defined rate to be higher than the current market rate while a sell stop order requires the pre-defined rate to be lower. As soon as the market hits the stop price, the stop order is treated and executed as a market order at the pre-defined rate. Unlike limit orders, stop orders allows selling below the current market price or buying above the market price if the stop price is reached or breached.
Stop Loss: These are stop orders placed to limit the loss. With these orders traders can close a position when the market is moving against the trade at a pre-defined rate. These orders must be linked to an open or pending order and the position will be closed automatically once the market price reaches this level.
Take Profit Order: These are orders placed to book the profits on an open trade. With these orders traders can close a position when the market is moving in their favour at a pre-defined rate. These orders must be linked to an open or pending order and the position will be closed automatically once the market price reaches this level.
Good till Cancel (‘GTC’): This is the default condition used with pending orders to determine when the orders expire. With this option, pending orders are only removed when the trader chooses to manually cancel them. A trader may choose to change the expiry to a specific date.
Modify Pending Order: Clients may modify or even cancel a pending order at their own discretion.
BID PRICES DISPLAYED ON CHARTS
Charts on the platform are configured to show only Bid prices. Traders should always keep in mind that when opening long positions and closing short positions, the Ask price is used. Clients have the option to enable the feature ‘Show Ask Line’ from the properties menu. With this parameter an additional horizontal line showing the Ask price is visible on the chart for more price clarity.
Stop Loss order is intended to help traders limit the loss on their open trades. As a position becomes profitable, traders have the option of move the stop loss to break-even or even trail it as the position goes further and further into positive territory. This could be automated by enabling the Trailing Stop feature. Unlike Stop Loss orders, Trailing Stops operate in the client platform, not in the sever, and will not work if the platform is closed.
NEGATIVE BALANCE PROTECTION
This provider protects retail clients so as to ensure that their maximum losses from trading CFDs, including all related costs are limited to the funds related to trading CFDs that are in the retail client’s CFD trading account. This includes any funds yet to be paid into the account due to net profits from the closure of open CFDs connected to the account. Retail clients shall not incur any additional liability connected with their trading of CFDs. The aim of negative balance protection is to ensure that retail clients are protected in exceptional circumstances where there is a price change in the underlying that is sufficiently large and sudden, so that this provider is not required to close out the retail client’s position as required by the margin close-out protection, such that the retail client ends up with a negative account value. This is because large market events may prevent the automatic margin close-out protection from being effective. Where a retail client’s account also includes other financial instruments, only the funds explicitly dedicated to CFD trading and not those dedicated to other financial instruments are at risk.
EXPERT ADVISORS (EAs)
Kimura Trading offers you the opportunity to trade your own style and implement your strategies on any instrument we offer. cTrader supports Expert Advisors and automated trading systems according to prevailing market conditions and liquidity.
As with Trailing Stops, EAs operate on the client platform and not on the server and therefore won’t work if the platform is off.
NO TRADE NETTING ON CTRADER
On cTrader, if you have multiple positions open on the same instrument, these will not be aggregated into one position at the end of day.
cTrader allows the hedging accounting system, which allows having multiple positions in the same financial instrument, both in the same and opposite direction.
SWAP / ROLLOVER
If a client holds a position overnight (i.e. after closing at 2300 CET), including on weekends and public holidays, the Trading account will be debited or credited to cover the Cost of funding (Swap). KIMURA TRADING’s rollover rates are based according to the relevant 1-month LIBOR for all CFD products.
EXPERT ADVISORS (EAs)
Kimura trading offers you the opportunity to trade your own style and implement your strategies on any instrument we offer. cTrader supports expert advisors and automated trading systems according to prevailing market conditions and liquidity.
Formerly known as cAlgo, cTrader Automate is an algorithmic trading solution, it is natively integrated with cTrader and works seamlessly alongside all other functionalities of the platform. Traders can build automated trading robots and custom indicators in the popular C# language using the highly functional cTrader API from a platform that is equipped with the necessary tools to properly back test and optimize trading strategies.
CSWAP PLATFORM COMPARISON
|FEATURE||METATRADER 4||METATRADER 5|
|Execution Modes||Market Execution||Market Execution|
|Pending Order Types||4||6|
|Single Share CFDs||✘||✔|
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Our CFDs are leveraged products which can carry a high level of risk to your capital and investing in them can result in losses that exceed your initial deposit. Investors do not own, or have any rights to, the underlying assets. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary.
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