a. LLG/LLS
i. Limit orders can be placed either via MT4 provided by the Company or phone call. All new open pending orders are Good Till Weekend (“G.T.W.”). The G.T.W. order remains in place before Friday closing or market holiday, unless the order is executed or cancelled by clients. However, the stop loss and take profit orders on the existing position are still valid until they are executed or cancelled by clients. Placing a limit order via MT4 can be done by choosing “pending order” type in the order window.
ii. Limit order instructions may not be executed according to the instructed price under certain market situations：
Case: If there is a drastic market movement, market price could fluctuate and result in a huge price gap, the limit order instructions will be executed based on the next available market price after the gap.
Clients will be responsible for all losses possibly incurred in the above situations.
iii. When clients trade using limit orders, the limit prices have to differ from the market price by a minimum number of ticks as described below. If the market price fluctuates drastically, Company reserves the right to increase the trading spread to accommodate the increased market risk.
b. LKG
i. Limit orders can be placed either via MT4 provided by the Company or phone call. All pending orders are Good Till Today (“G.T.T.”). The G.T.T. order remains in place within the trading day until the order is executed or cancelled by clients. Placing a limit order via MT4 can be done by choosing “pending order” type in the order window.
ii. Limit order instructions may not be executed according to the instructed price under certain market situations:
Case: If there is a drastic market movement, market price could fluctuate and result in a huge price gap, the limit order instructions will be executed based on the next available market price after the gap.
Clients will be responsible for all losses possibly incurred in the above situations.
iii. When clients trade using limit orders, the limit prices have to differ from the market price by a minimum number of ticks as described below. If the market price fluctuates drastically, the Company reserves the right to increase the trading spread to accommodate the increased market risk.