Gap Level Regulation is used to limit slippage for pending orders and is applied when the price of your pending order falls inside a price gap due to volatility or other factors.
Gap Level Regulation applies to the following account types: Standard Cent, Standard, Pro, Standard Plus, Raw Spread and Zero accounts.
What is Gap Level?
Gap Level represents the difference in points between the requested price of a pending order and the first market price after a gap.
Different trading instruments have different Gap Level values.
When is Gap Level Regulation applied?
Gap Level Regulation is applied when the requested price specified in your pending order falls within the gap. According to this regulation, if the difference in points between the first market price (after the gap) and the requested price of your order is equal to or exceeds a certain number of points (Gap Level) for a particular instrument, your order will be executed at the first market price after the gap. If the difference is less than the Gap Level, your order will be executed at your requested price.
Which accounts and instrument groups is Gap Level Regulation applied to?
Gap Level Regulation is applied to the following instruments:
- all currency pairs with suffix -c (Standard Cent account)
- all currency pairs with suffix -m (Standard account) including cryptocurrencies and Energies
- all currency pairs with no suffix (Pro account, Raw Spread, Zero and Standard Plus) including cryptocurrencies and Energies
- all currency pairs with suffix -k (Standard and Pro account)