mt4-specifications

MPF provides 3 types of execution across all type of accounts:

  • Instant Execution
  • Market Execution
  • Pending Execution
  • Instant Execution applies to most of the products offered on the platform. This execution commences when the client would like to buy or sell the instruments offered at any given time. We continuously strive to provide the best price quotations to all clients but under certain conditions where price quoted changes, the client will receive a new sets of price quotation in the form of Requote.

    Price executed through Instant Execution will matches the last requested price asked by the client.

    Market Execution applies to most of the products offered on the platform. This execution commences when the client would like to buy or sell the instruments offered at any given time. We continuously strive to provide the best price quotations to all clients but under certain conditions where price quoted changes, the client’s trade request will be executed at the best market price.

    Be reminded that price executed through Market Execution may not always be the same with the price asked by the client.

    Pending execution applies to all insturments.
    This execution comprises 6 different type of orders:

  • Limit buy , Pending Execution whereas the client would like to place buy order when the price quotations reaches lower than current market price.
  • Limit sell , Pending Execution whereas the client would like to place sell order when the price quotations reaches higher than current market price.
  • Stop buy , Pending Execution whereas the client would like to place buy order when the price quotations reaches higher than current market price.
  • Stop sell , Pending Execution whereas the client would like to place sell order when the price quotations reaches lower than current market price.
  • Take profit , Pending Execution whereas the client would like to close his/her open profit order.
  • Stop loss , Pending Execution whereas the client would like to close his/her open loss order.
  • Take Profit and Stop Loss can be attached to limit/stop order and can be modified before being executed.

    Take Profit and Stop Loss can be attached to open order and can be modified before being executed.

    Be advised that there are minimum level to place limit buy, limit sell, stop sell, stop buy, take profit, and stop loss order. This minimum levels are not the same across all instruments.

    Pending Order/Execution Validity
    All Pending Order/Execution for Forex and precious metals ( Gold, Silver, etc ) have a validity until the closing of market at weekend. All Pending Executions that remain open at the end of trading week including Limit, Stop, SL and TP will be automatically deleted. In the case that a system error occurs resulting non deletion of said Pending Orders, the company retain the rights to nulled any transactions caused by the said condition.

    Orders transacted through the platform will incur charges. These charges can be different from one type of account to another one. Charges can be in the form of:

  • Commission charge
  • Swap
  • Rollover charge
  • Rollover contract adjustment
  • Commission charges will incur whenever an order is transacted and the amount of charges will differ across trading account types.

    Swap are applied to all existing positions that remain open at the end of each trading day.

    3-day Swap are applied on Wednesday to cover the weekend swap charges.

    Commonly, commission charges are in the form of fixed nominal of your trading account. However, for swap charges, the amount will differ from time to time.

    For contracts having Rollover features, such as gas, Asia Indices CFD, US Stock Indices CFD, etc, the difference between previous contract and the new contract will be adjusted into the “swap column” on the MT4. This is not considered as charges and is consider as an adjustment due to the difference of contracts ( previous contract to current contract )

    MPF guarantees the availability of it’s trading platform to the majority of clients. However, be noted that we cannot guarantee availability of platform to ALL clients due to circumstances beyond the company control such as unavailability of internet access to some parts of Indonesia or other part of the world.

    In the case that the client is unable to be connected to MPF trading platform, client are expected to place their order through MPF Trading Desk at +62 21 6243430.

    Additional charges will apply for transactions made through telephone unless in the case that MPF Trading Platform is inaccessible to the majority of clients.

    MPF will continually provide clients with price quotations in the form ofBID and ASK.

    BID is the reference price for short order transaction ( sell order ) and ASK if the reference price for long order transaction ( buy order ) The difference between BID and ASK is called the SPREAD.

    SPREAD will differ across products, as well as across trading account types.

    Be advised that spread can fluctuate during conditions and circumstances such as, but not limited to, high market volatility or when the world financial market is not very active. When the client tries to transact during those conditions, the spread we offer to the clients can be directly be seen at MPF trading platform.

    All Chart appearing in MPF trading platform is based on the BID price

    Pending Order Sell Limit and Sell Stop will be executed based on the BID

    Pending Order Buy Limit and Buy Stop will be executed based on BID plus the SPREAD

    Execution of Take Profit and Stop Loss attached on Buy Order will be based on the BID

    Execution of Take Profit and Stop Loss attached on Sell Order will be based on the BID plus the SPREAD.

    Client positions can be annuled due to the following conditions, but not limited to
    :

  • Invalid Transaction
  • Scalping Transaction
  • MPF retain the full rights to cancel and/or to reverse any transactions deemed invalid or opened/transacted at fictional prices not existing on the market.

    MPF Trading Policy is not adapted to support the transaction technique often called as “scalping” or “picking”.

    In the case that the client commit scalping technique, MPF has the right to conduct, some, or all of the following actions:

  • Permanently close the client’s trading account;
  • Temporarily close the client’s trading account for indefinite time;
  • Incur penalty charges to the client for the amount matching or exceeding the result of client’s scalping technique trades;
  • Cancels a part or all of client’s trading transactions..
  • MPF has the right to review any transactions as invalid and/or scalping transactions at any given time.

    MPF guarantees execution of client’s requested stop buy/stop sell orders for the majority of the time. However, under conditions and circumstances where prices becomes over fluctuate, it is impossible for MPF to guarantees the execution of stop buy/stop sell/limit buy/limit sell/TP/SL orders at the prices requested by the client. Under those conditions and circumstances, MPF will execute client’s stop buy/stop sell/limit buy/limit sell/TP/SL orders at market price. Execution at market price means that clients' executed prices can be better or worst than requested, depending on the conditions and circumstances.

    MPF do not accept Stop Orders placed by the clients to open new positions. MPF Stop Orders are designed only for the purpose of hedging/locking existing positions.

    In the case that the client successfully placed Stop Order to open one or more new positions, the said transactions will be categorised as Invalid Transactions and will incur penalty charges written on the “Transaction Cancellation” section.

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