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The quotes of our products generally come from a number of the world’s top Banks that offer us substantial and most timely prices for the market. We firmly believe that this approach will always provide you with the best available price.
When economic data or important news are released, prices may gap up or down due to vicious market reactions. Under such circumstances, market conditions may be very unstable and prices may change dramatically in one direction. And in some cases, the market may not be able to offer available trades in short term. When the market reopens after weekends or holidays, market gaps often occur. Profit taking and stop loss orders may be executed at a price that is far from the specified price when market gap occurs. Such deviations may sometimes be favorable to the trader and sometimes not. Profit taking and stop loss orders may be executed out of the price range which the orders submitted. Orders may be executed in batches at different prices. The opening prices may be very different from the previous day’s closing prices.
In any case, traders need to have sufficient margin to maintain open positions. WCG does not provide margin call notices. For example, before weekends and holidays, when the margin level is less than 100% of the required margin, the system will forcefully liquidate all positions. The position (including locked orders) will be processed without further notice until the 100% margin ratio is restored.
All pending orders and stop loss and profit settings are valid for one week. Before the weekend is closed, all pending orders and unexecuted stop loss or profit settings will be cancelled. If necessary, customers can reset the settings after the market opens on Monday.