TRADING CONDITIONS

​With Hydra Markets

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TRADING CONDITIONS

Order Types

Market Order

A market order is a request to open a position immediately. As soon as you click on BUY or SELL, the trade will be executed at market conditions. Depending on the volatility of the market (if there is any major news announced around the time of placing the trade) the price at which the deal is executed can be significantly different to the requested entry price. When placing a trade at a specific price, remember that it is bought at the Ask price and sold at the Bid price.

Pending Orders

A pending order is a request to open a position, BUY or SELL, in the future once the market price of the instrument has been reached.

Types of pending orders:

Buy Limit

A trade request to buy at an Ask price that is LESS than the market price when placing the order. The current price level is higher than the value in the order. This order is placed in anticipation of the instrument’s price, having fallen to a certain level, will increase.

Buy Stop

A trade request to buy at an Ask price that is GREATER than the market price when placing the order. The current price level is less than the value in the order. This order is placed in anticipation of the instrument’s price, having reached a certain level, will keep on increasing.

Sell Limit

A trade request to sell at a Bid price that is GREATER than the market price when placing the order. The current price level is less than the value in the order. This order is placed in anticipation of that the instrument’s price, having increased to a certain level, will fall.

Sell Stop

A trade request to sell at a Bid price that is LESS than the market price when placing the order. The current price level is greater than the value in the order. This order is placed in anticipation of that the instrument’s price, having reached a certain level, will keep on falling.

Take Profit

A Take Profit order is placed for gaining the profit when the instrument’s price has reached a certain level. On execution of this order, the position is completely closed. It is always connected to an open position or a pending order. The order can be placed only together with the market or pending order. Terminal checks long positions with Bid price for meeting of this order provisions (the order is always set above the current Bid price), and it does with Ask price for short positions (the order is always set below the current Ask price).

Stop Loss

​A Stop Loss order is placed to minimize the losses if the instrument’s price begins moving in the unprofitable direction. If the price of the instrument reaches this level, the position is fully closed automatically. Such an order is always connected to an open position or a pending order. For long positions the order is must be set below the current Bid price and for short positions the order must be set above the current Ask price.

Spreads

What is the spread? Simply put, the spread is the difference between the buy and sell prices that are displayed on the Hydra Markets trading platform. For example, one may see the following two rates for the currency pair EUR/USD 1.11250 / 1.11270 When these two values are subtracted (1.11270 - 1.11250) the result is 0.0002, which is known as the spread.

The reason there is a spread, or difference between all currency pairs is simple - this is how Hydra Markets earns its revenue. Because Hydra Markets is an STP broker, a small adjustment or markup is added to the rates that Hydra Markets receives from it's liquidity provider. It's important to note that this is the only way Hydra Markets earns its revenue. An advantage of trading with an STP broker is that traders mustn't worry that their orders are being manipulated or changed.

How does the spread work?

Hydra Markets receives real time quotes from its liquidity provider. The rates that traders see in their platforms are slightly marked up from what Hydra Markets receives. When one makes a purchase at a store, the “at cost” or wholesale price is never paid, rather the price is slightly marked up. In forex the same rules apply.

Swaps

In forex trading there is a daily credit or debit that is reflected on all open trades held past 21:00 GMT. These charges are referred to as swaps. The reason a swap happens on a daily basis is that in the forex market traders are extended borrowing power, known as leverage. Similar to taking out a loan at a bank, interest is charged on a daily basis for the leverage service offered by brokers.

FAQ Related to Swaps

Where can I see the swap rates offered by Hyrda Markets?

Swap rates are fully visible in the Hydra Markets trading platform. One must simply right click on the Market Watch window, select Symbols, locate the desired currency and click on the Properties button.

How often do swap credits or debits occur?

Swaps are charged on a daily basis, however, when a trade is held past 21:00 GMT on Wednesday, the rates are tripled. Because forex trading is not available on the weekends, swaps are assessed 3 times on Wednesday as this is an industry standard.

Are swaps always a negative debit to my account?

Actually, swaps offer traders the ability to earn money just for holding a trade open past 21:00 GMT. Swaps can either be positive or negative.

Does Hydra Markets offer swap free accounts?

Yes, these accounts are also available.How often are swaps assessed on accounts?Every day at 21:00 GMT.

Margin Call Policy

Due to the highly leveraged nature of spot forex trading, Hydra Markets enforces a margin call policy on all active trading accounts. This policy is designed to protect not only traders but Hydra Markets as well.

A margin call is initiated when the available margin in a trader’s account drops below a certain threshold. Without a margin call policy, traders could suffer severe losses, which a margin call aims to minimize.

Hydra Markets strongly advises its traders to carefully examine margin levels at all times; margin calls should not be confused with stop losses.

Leverage Rules

In forex trading leverage refers to the amount of credit that is extended to the trader. Without leverage it would not be possible to take advantage of the forex market since the average price movement of most currencies is only a few cents a day. Leverage, however, magnifies the relatively small movements in the forex market, making it possible for traders to potentially earn a profit on these price changes. Often referred to as a double edged sword, leverage can increase losses well as profits.

Because leverage is an important aspect of currency trading, it’s important to fully understand this concept before trading with real funds. For example, if a trader using 100:1 leverage opens a trade of volume 1 in MT4 (100,000 units), then only 1% of the total amount traded is required as margin. If this were a EUR/USD trade where the current rate is 1.20, then $1,200 would be needed as leverage. This figure was derived as follows: 100,000 X 1.20 X .01 = $1,200

Hydra Markets Leverage Policy

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Risk Warning:
The speculation of both leveraged foreign exchange (FX) and Contracts For Difference (CFDs) products is undertaken in order to potentially earn a profit from the price difference between the opening and closing of the transaction. Because leverage can work either in favour of or against the investor, FX and CFD transactions carry an extreme level of risk. For these reasons, FX and CFD trading may not be suitable for all investors as it is possible to lose a partial or full amount of the invested capital. You should only trade with capital that you are willing to lose. In addition, before making any trading decisions, it is highly suggested that you review the associated risks while taking into account your investment objects and level of experience. Past trading performance is not a reliable indicator of future performance. If you have any doubts, seek independent advice from a financial advisor.


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