As many of you are aware, this Friday July 31st, NFA Rule 2-43 becomes
effective for all US based FDM's and clients. Starting with Trade date
Monday August 3rd, all positions will be closed on a First In, First Out
(FIFO) basis. For those clients using IKON Platinum or IKON Viking
platforms there will be no change to your normal trading activity. For our
Meta Trader clients, however, there will be some changes you should be aware
and prepared for:
1. The FIFO roll process will begin everyday at 4:30 PM New York
(Eastern United States Time)
2. From 4:30 until 5:00 PM all Take Profit and Stop Loss orders will
be on a not held and contingent basis
3. Starting 4:30 PM any Take Profit or Stop Loss orders associated
with a FIFO matched position will be automatically cancelled.
4. Any Take Profit or Stop Loss orders on open (meaning not totally
closed positions) will be working.
5. It is your responsibility to verify all Filled/Working and
Open/Pending orders for accuracy
We are pleased to have created a solution that meets everyone's (clients and
regulators) requirements. We look forward to your feedback and thank you
for your support
TO OPEN AN ACCOUNT, VISIT HTTP://WWW.OPENFOREXACCOUNT.COM and select tradeview forex
