Exness is setting stop out level at 0%

Exness is setting stop out level at 0%

- in All News, Featured News, Forex Brokers

EU-regulated forex broker Exness said on Monday it will change the stop out levels of 0%. The new conditions will come into effect from market opening on 28 November, 2016, and will apply to existing and new orders executed via Classic, ECN or Mini accounts. 

Stop out is triggered when traders’ funds fall below the minimum margin requirement (which differs with each broker). In such case, positions with the highest margin rate are instantly and automatically closed at the current market prices.

“Setting the Stop Out level to 0% will enable our clients to take control of their trading decisions as it will allow them to determine their own risk management measures and give them more time to assess a situation and decide on a course of action before their positions are stopped out,” the broker said in a statement.

According to the brokerage, as a result of the 0% stop out its clients will have maximum drawdown as there will be no bottom line besides their equity running out. However, keep in mind that no stop out means higher risk of potentially losing your investments and be extra cautious when trading with such conditions. Exness reminded its clients can use stop loss and negative balance protection functions to reduce potential losses.

The new conditions are part of a larger-scale agenda for trading improvements that Exness intends to implement in the upcoming months. Recently, as part of the agenda the broker altered its pricing model to lower the share of trades executed with slippage. The broker did not disclose at the time what enhancements in had made, but it noted that the final execution price will be more often than not the exact one desired by clients.

Exness, set up in 2008, is a broker that offers trading in more than 120 currency pairs via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Group companies are licensed by the Cyprus Securities and Exchange Commission (CySEC) and since recently by the UK Financial Conduct Authority (FCA) and are registered with the relevant regulatory bodies in Germany, the Netherlands, Poland, Spain, Italy, and Sweden. The broker used to hold a license from the Belize International Financial Services Commission (IFSC), but no longer does.

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