CySec regulated broker, RoboForex, announced new available hedging system account for their MetaTrader5 (MT5) accounts. This opens up possibilities of locking option, allowing multiple open positions in the same currency pairs.
CySec regulated broker, RoboForex, announced new available hedging system account for their MetaTrader5 (MT5) accounts. This opens up possibilities of locking option, allowing multiple open positions in the same currency pairs.
Locking option, as what traders are familiar with in MetaTrader4, let users to run one or more positions against existing open opposition, so one may open a buy position while holding an existing sell position.
What To Expect In Roboforex MT5
Native netting system introduced in MT5 wasn't quite what traders expected intuitively, especially forex trader that often found securing their existing open positions with multiple different market order and closes them either manually or by using stop or limit order.
Responding to that counterproductive issue, MetaQuotes updated their MT5 version so that every account can either pick netting or hedging system. Roboforex is among few other major brokers to take upon that chance to re-invigorate their MT5 user base.
By default, new MT5 account on Roborofex may choose either netting or hedging sytem and returning users with former MT5 netting system will continue to trade at previous condition.
RoboForex representative, Anton Ivanov stated, RoboForex is one of the first companies to introduce the MetaTrader 5 platform with the hedging position accounting system. From now on, our clients can use the locking option with the benefit of all other features of the most advanced trading terminal.
Last But Not Least
As stated before, MT5 locking option is also available to few major retail brokers, one of them is Alpari.