Order Execution Policy

Order Execution Policy

This Order Execution Policy outlines how Mercatus FX executes client orders on the MetaTrader 5 (MT5) platform and ensures transparency in providing the best possible execution results.

1. Scope of the Policy

1.1. The policy applies to all retail and professional clients who trade on the MT5 platform through Mercatus FX.

1.2. It governs the execution of orders in foreign exchange (forex) pairs, CFDs, and other financial instruments offered by Mercatus FX.

2. Execution Venues

2.1. Mercatus FX acts as the principal execution venue for client orders.

2.2. Orders are executed either internally or via external liquidity providers to ensure optimal pricing and liquidity.

3. Order Types

3.1. Market Orders: Executed at the current market price available at the time of order execution.

3.2. Pending Orders: Includes Buy Limit, Sell Limit, Buy Stop, and Sell Stop orders, executed when the specified price is reached.

3.3. Stop Loss and Take Profit Orders: Automatically executed to minimize losses or secure profits at predefined levels.

4. Factors Affecting Execution

4.1. Price: Best available price at the time of execution, considering both internal and external sources.

4.2. Speed: Orders are executed with minimal latency on the MT5 platform.

4.3. Costs: Includes spreads, commissions, and rollover fees, as applicable.

4.4. Slippage: May occur due to market volatility, resulting in execution at a price different from the requested price.

4.5. Likelihood of Execution: Orders depend on market conditions and liquidity availability.

5. Execution Practices

5.1. Mercatus FX ensures fair and prompt execution of all client orders.

5.2. The MT5 platform is equipped with advanced tools for analyzing market prices and executing trades.

5.3. All orders are subject to real-time monitoring for compliance with the policy.

6. Trading Hours

6.1. Trades are executed during the official trading hours specified for each instrument on the MT5 platform.

6.2. Any trade placed outside trading hours will not be processed.

7. Monitoring and Review

7.1. Mercatus FX continuously monitors the effectiveness of its execution practices to ensure compliance with this policy.

7.2. The policy is reviewed periodically and may be updated based on regulatory changes or operational improvements.

8. Client Responsibilities

8.1. Clients are responsible for understanding the risks associated with trading on the MT5 platform.

8.2. Clients must ensure sufficient margin is maintained in their accounts to execute orders.

9. Contact Us

For any questions or concerns regarding this Order Execution Policy, please contact us at:

Email: support@mercatusfx.com