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Orders Policy
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Order Execution Policy

HonorFX is dedicated in providing the best and most efficient order execution to our clients. This section explains our policies related to trade execution on MetaTrader trading platforms. Each technology offers various types of execution methods, so we recommend all clients to read this section carefully and choose the technology. If you have further questions, please contact a HonorFX representative.

Market orders

Instant Execution
This order is executed or rejected at the requested Bid or Ask price for the full amount of the trade. For Stock Indices only, the order will be executed at Market Best conditions. This applies to clients on HonorFX MetaTrader servers. If you do not know which server you are on, please consult your HonorFX representative
Market Execution
This order is executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. This applied to clients on HonorFX MetaTrader servers. If you do not know which server you are on, please consult your HonorFX representative.

Limit Orders

Buy Limit
This order will be activated when the Ask price touches the buy limit order. The activated order will be executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Take Profit orders.
Sell Limit
This order will be activated when the Bid price touches the sell limit order. The activated order will be executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Take Profit orders.

Stop Orders

Buy Stop
This order will be activated when the Ask price touches the buy stop order. The activated order will be executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Trailing Stop orders..
Sell Stop

This order will be activated when the Bid price touches the sell stop order. The activated order will be executed at the best available price or rejected if no price is available; the order is filled for the full amount but can be filled better or worse than the requested price. Same policy applies for Trailing Stop orders.

Margin Level Calculation

((Account Balance + Unrealized P&L)/Margin requirement on net open position) x 100 = Margin Level

Example: Trader X has a 10,000 USD balance with an unrealized P&L of +1,000 USD. The open positions include long 300,000 USDCHF and short 200,000 USDCHF. Net open position is 100,000 USDCHF

((10,000 USD + 1,000 USD)/1000 USD) x 100 = 1100% Margin Level

Stop Out Level
Largest losing positions are automatically realized when Margin Level < 30%
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