Introduction
A reference in this document to “we”, “us”, “MSFX”, “our”, and “ourselves” is a reference to MSFX LTD.
This Policy applies to all clients of MSFX LTD when executing transactions in the financial instruments provided by us, including but not limited to Contracts for Differences (CFDs).
This Policy is provided to you alongside the MSFX LTD 'Terms and Conditions' and contains further details on our services and the activities you may carry out with us.
Scope
The Order Execution Policy of the Company applies to all clients, ensuring that their orders are executed consistently with our obligation to take all sufficient steps to obtain the best possible result.
Execution Elements
- No liquidity in the market.
- Trades submitted at prices considered old or invalid by the system.
- Insufficient free margin in the account.
- Trading restrictions on the instrument.
- Breach of MSFX's internal policies and procedures.
Order Types
- Market Order: An order to buy or sell at the current market price available, which may differ from the displayed price.
- Stop Orders: An order to buy or sell once the price reaches a pre-set level (the 'stop price'). Once triggered, it is treated as a market order.
- Limit Orders: An order to buy or sell at a pre-set level (the 'limit price'). It is used to execute trades at a specific price level.
- Stop Loss: An order to control and minimize losses by closing a position when the price moves against you to a pre-set level.
- Take Profit: An order to secure profits by closing a position when the price reaches a pre-set target level.
Margin and Leverage
The leverage level used for margin calculations will be the lower between the account and the symbol traded.
Changes to leverage on an active account can affect open positions and may result in a stop-out.
Positions may be automatically closed if the margin level falls below a certain threshold.
Corporate Actions
Best Execution
We take all sufficient steps to obtain the best possible result for our clients, considering price, costs, speed of execution, likelihood of execution and settlement, size, nature, or any other relevant factor.
Specific Client Instructions: If a client provides specific instructions on how to execute their order(s), this may prevent us from taking the steps set out in this Policy to achieve best execution.
Monitoring and Review
We regularly monitor the quality of execution and review our execution arrangements to ensure compliance with this Policy.
Changes to this Policy will be communicated to clients as necessary.
Your Consent
By entering into the 'Terms and Conditions', you consent to the terms of this Order Execution Policy and acknowledge that transactions with us are conducted through our trading platform and are subject to our terms and conditions.
Important Information
Specific leverage limits or restrictions on instruments may apply according to applicable legislation and MSFX’s policies.
CFDs may not be suitable for all investors, and trading in these products involves significant risk.
Contact Us
For any questions regarding this Policy, please contact our Customer Support Department via email at smith@msfx.com, or via phone at the numbers listed on the Contact section of our website.