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Trading Condition

Fair trading and market price

We execute all orders at the best market price available in milliseconds. you always benefit from the deepest liquidity carried out by the pool of liquidity providers. With the transparent dealing model, our clients will execute their orders at the highest bid and lowest offer price available identified by aggregator.

Trading Conditions

SlipPage Policy

Slippage is a natural occurrence in any fast-moving market, and it works both ways – positive and negative. Slippage happens when an order is placed for a particular price, but before it can be filled the market moves and that price is no longer available.

There are 2 common types of slippage:

1. When a market gaps, either over the weekend or after a news event (like payroll figures or interest rate decisions); and

2. When a price is clicked on and has substantially changed in the time it took to get back to the executing bank or broker.

In both of the above scenarios, as a STP broker, CNX would slip its clients to a better price, if the interbank market from which CNX obtains its prices, had moved in the client's favour, and similarly a worse price if the market had moved against them.

The price differences reflect the slippage that CNX gets from the best aggregated price obtained from its banks and liquidity providers.

Execution

If automated trading system failure, all tickets will be processed manually.

If a massive number of lots over the limit per automated trade bet on the order, bigger tickets are accepted, but will be processed manually.

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Application Test

  • 1. A _________ is equal to 0.01 for exchange rates expressed to two decimal places, or 0.0001 for exchange rates expressed to four decimal places.
  • 2. A _________ is used by most forex brokers to close out an open position at the end of the business day, and reopen an identical position as of the next day.
  • 3. A carry trade is based on the interest rate differential between two currencies. The idea is to hold _________ the currency with the higher interest rate, while holding _________ a currency with a lower interest rate.
  • 4. If you have positive carry, your position _________ money while it is open, but if you have negative carry, you must _________ interest while the position is open.
  • 5. "Trading on the technicals" refers to trading based on information derived from _________. This is also known as technical analysis.
  • 6. "Trading on the fundamentals" - or "trading the news" - describes traders that attempt to predict the effect _________ such as interest rate changes and labor reports will have on an exchange rate.
  • 7. Fundamental analysis is the study of _________ in an attempt to predict future market conditions.
  • 8. A _________ order is executed immediately when submitted and is priced at the current spot market rate.
  • 9. A _________ order is an order to buy or sell a currency, but only when certain conditions are met. These conditions are in the form of instructions and are attached when the order is first created.
  • 10. A limit order that has not yet been executed, is said to be _________.