Trading terms

Transition to higher price precision quotes

15:01 28 January /2014 Trading terms

Dear customers and partners

TenkoFX constantly seeks to improve the competitiveness of our financial products and overall customer service. We would like to inform you of an upcoming implementation of higher price precision quotes. Until today our price feed was based on 5(3) digit precision on “Major” (highly liquid) currency pairs only. Starting from the 3rd of February 2014 we will be offering 5(3) decimal place price precision on ALL currency pairs. We truly hope that these measures set a sound foundation for spread narrowing and better client order execution.

Important changes:

* Price sensitivity and 1 pip value changes 10 times.

* All open positions and pending orders will be adjusted to new convention without an impact on the P&L (profit/loss).

* While submitting «Buy Limit», «Sell Limit», «Buy Stop», «Sell Stop» and especially «Trailing Stop Loss» orders. For instance, if you BUY EURUSD at 1.36000 and set a Stop Loss order at 1.36500, the size of your Stop Loss would count for 500 new pips.

* Customers using automated trading algorithms should pay particular attention to adjusting the programming code accordingly.

Best regards

TenkoFX

to other news

all news
Swaps reducing

Crypto pairs swaps were reduced to 10%

13:02 19 April /2018 Trading terms

New crypto-pairs was added

ETCBTC, XRPBTC, XRPUSD, and XRPEUR are now available for trade.

14:54 07 March /2018 Trading terms

On March 11th MetaTrader Switches to Summer Time (GMT+3)

On March 11th, 2018 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3.

15:24 01 March /2018 Trading terms