AKFX is pleased to offer the Metatrader 4 platform with STP execution for live account holders*. The application of STP execution allows traders to use MT4 without having to worry about conflict of interest between broker and trader as a result of dealer intervention. While the AKFX Metatrader 4 will operate similar to other versions of MT4, please read below for common questions clients have asked about the AKFX Metatrader 4.
EXECUTION Lot Sizes The AKFX Metatrader 4 can trade both mini (10.000) lots and standard (100.000) lots. When placing a trade, the volume menu is the field for choosing the number of lots to trade. A volume of 0.10 indicates a mini (10.000) lot and a volume of 1.0 indicates a standard (100.000) lots. The volume will default to 1.0; however, pressing the drop down menu will display a menu of volume options to choose from.
Maximum Deviation The AKFX Metatrader provides you the instant execution. So, you do not worry about the slippage. Your orders are beign executed instantly. Fractional pips The AKFX Trader 4 is unique in that it quotes to 5 decimals (3 decimals for JPY pairs) to provide fractional pricing. Whenever entering prices or deviation amounts, the last digit will always be recognized as a fraction of a pip. Special Note for EA Users: Expert advisors will need to be programmed to recognize the 4th digit as the whole pip instead of the last digit which is a fractional pip.
Maximum Trade Size The maximum trade size on the AKFX Metatrader 4 is a volume of 50.0 or 5 million notional trading volume. The MT4 platform has limitations which designed to prevent it from incorporating partial fills which is why there is a maximum trading to help reduce the number of rejections when placing orders. Special note for expert advisor users: If your expert advisor is set to trade volumes larger than 50.0 per ticket, spreading the volume by opening multiple tickets to avoid having the orders rejected.
Margin Levels The AKFX Metatrader 4 will trigger a margin call when the accounts Margin Level reaches 50%. The margin level can be found on the Trade tab in the AKFX Metatrader 4 terminal. Whenever a margin call occurs, the AKFX Metatrader 4 will sign open orders with red background. Stop-Out Levels The AKFX Metatrader 4 will trigger stop-out when the accounts Margin Level reaches 20% or below. The margin level can be found on the Trade tab in the AKFX Metatrader 4 terminal. Whenever stop-out occurs, the AKFX Metatrader 4 will automatically close the trade with the largest loss. This allows margin to be freed for other positions to remain open. If the market continues to move against the remaining positions, the trades will close one by one in the same manner.
Password Change on MT4 The password for an MT4 account can be changed through; Clicking on Tools >> Options >> Change from the AKFX Metatrader 4 platform will not change the password as it does with other MT4 brokers. TECHNICAL SUPPORT: COMMON ERROR MESSAGES Error Message: Trade Context is Busy Log out and log in to the AKFX Metatrader 4. This message appears if the cancel button is pressed while an order is in the process of execution. Error Message: Invalid Account The wrong username or password is being entered Error Message: No Connection Check internet connection for connectivity or the AKFX Metatrader 4 may be offline if trading is closed. Trading is closed from Friday at 4:00pm ET until Sunday at 5:15pm ET.
- SSE2 Processor
- 512 MB Ram
- Microsoft Windows XP/2003/Vista/2008/7
- 64 Kbps Connection
- 1024x768 Resolution