Forex brokerage FxPro will alter as of 17 October, 2016 its stop-out policy for the cTrader trading platform and will start closing trader positions that fall under the minimum margin requirement only partially, instead of completely, the broker said on Friday.
As of the upcoming Monday, if the margin level fall below the 30% stop-out level, FxPro will close only the necessary parts of positions, restoring the margin level back to normal.
The new cTrader stop-out logic will apply for all brokers offering the platform. FxPro said it has already updated its client agreement to reflect the change in terminology (namely the ‘Smart Stop Out’ section).
cTrader is an NDD and STP trading platform that provides access to the forex and CFDs markets. It is a product of Spotware Systems, a neutral financial technology provider offering comprehensive e-FX STP solutions for brokers, banks and their clients. Some of its competitors include MetaTrader 4 and MetaTrader 5, ActTrader and Tradable.
FxPro is a leading online brokerage, regulated by the Cyprus Securities and Exchange Commission (CySEC), UK’s Financial Conduct Authority (FCA), and South Africa’s Financial Services Board (FSB). The broker operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity.Publication source