Direct Market Access, or DMA, allows Traders to place trades with exchanges directly through FIBO Group’s convenient platform. DMA permits orders to be seen on the platforms` financial charts. The system guarantees the client complete transparency and the lowest possible exchange spreads with low commissions.
Buy or sell order at a current market price. Best execution price guaranteed by execution venue. The Requested Order price is not guaranteed.
Buy Limit Order
Pending order to buy below the current market price. Trigger condition: the current Ask price is less or equal to declared order price. The Requested Order price is guaranteed. The Filled price better or equal to the Declared Price.
Buy Stop Order
Pending order to buy above the current market price. Trigger condition: the last price is higher or equal to declared order price. The Requested Order price is not guaranteed.
Sell Limit Order
Pending order to sell above the current market price. Trigger condition: the current Bid price is higher or equal to declared order price. The Requested Order price is guaranteed. The Filled price is better or equal to the Declared Price.
Sell Stop Order
Pending order to sell below the current market price. Trigger condition: the last price is less or equal to the Declared Order price. The Requested Order price is not guaranteed.
Stop Loss Order
Stop order to close a deal. Trigger condition: the last price reaches the SL level. The Requested Order price is not guaranteed.
Take Profit Order
Limit order to close a deal. Trigger condition: the current Bid (for BUY deals) or the current Ask (for SELL deals) prices reach the TP level. The Requested Order price is guaranteed. The Filled price is equal or better then declared in TP.
Stop Out Order
Stop order to close a deal. Trigger condition: Margin level less or equal to Stop Out Level.
Order Type - Market, Limit, Stop, Stop Loss, Take Profit, Stop Out.
Order Status - Active, in execution (filling), filled, cancelled, rejected.
Declared Order Price – the order price before the order triggered for execution.
Filled Order price – the order price after the order has been filled.
Last price – the price of the last executed transaction on the execution venue. Stock instruments indicate the last price on the financial chart.
Deal – the result of an executed order. Any filled order opens or closes a deal.
Deal status – open, closing, closed, trade.
A client holding a long position on the ex-dividend date will receive the applicable dividend in the form of a cash adjustment, credited to the relevant trading account. Transaction can be found in History Tab in theclient’s trading platform - "Cash Corrections".
A client holding a short position on the ex-dividend date will be charged the applicable dividend in the form of a cash adjustment, debited from the relevant trading account’s free equity. Transaction can be found in History Tab in the client’s trading platform - "Cash Corrections".
Cash dividend transactions debit/credit account balance on ex-dividend day at 15:00 server time. Transaction can be found in History Tab.
In case of Long position Cash Dividend Amount is:
Dividend per stock * Volume
Volume = Contracts * Contract size
In case of Short position Cash Dividend Amount is:
(-1) * Dividend per stock * Volume
Volume = Contracts * Contract size
In the event of a stock split, the appropriate adjustment on the client’s position shall be reflected on the trading account in accordance with the announced stock split.
Splits procedure runs on the server every day at 15:00 server time. During the procedure all active pending orders (Limit, Stop) for related stock will be removed.
Weighted average price and sum volume are calculated separately for all open deals in short and all open deals in long of an instrument and are assigned as new open price and new volume for the deal with maximum volume for long and short deals accordingly. In case a deal receives fractional stocks, such stocks will be liquidated for cash transaction – "Split cash correction". Volume of other deals for related instrument will be reset to 0 and moved to History Tab.
Fractional stock adjustment
In the event a corporate action results in a fractional position, FIBO Group reserve the right at its own discretion to credit the outstanding fractional component as a cash adjustment to be credited to the client’s trading account.
Other Corporate Actions
In the event of a stock being de-listed, merged, acquisitioned, tendered, spinned-off, the client’s position will be closed at the last market price traded.
FIBO Group bears no responsibility for notifying the client regarding announcements of corporate actions.
The trading platform is available at the following link: fibogroup.tradingidea.com/terminal. Please enter the username and password you used when registering for your account to log into the platform. Please note! You will need to use the username and password you used during initial registration for each subsequent account you open.
Select the ticker of the required security in the Select Instrument window (e.g., FB - Facebook). In the list of instruments, a trading window will appear with the instrument which will allow you to choose the required number of CFDs, the type of order, as well as the type of trade (buy/sell)
The page fibogroup.tradingidea.com/ideas will permit you to find trading ideas from experienced traders and analysts. Connect to the server using your username and password for the platform and click “Subscribe” in the upper right corner. If you would like to receive notifications from specific authors, hit “Follow.”
Risk warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, your level of experience and preparation of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.
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