Question: Why "order rejection" happens on HotForex MT4 (MetaTrader4)?
Notice
This FAQ has ended its release period. Please check HotForex's latest information and campaign on HotForex's company introduction page.
HotForex - What's now?
We are no longer promoting HotForex. The information regarding to HotForex on the website 'Hercules.Finance' maybe outdated. ref. HotForex
HotForex is a STP(Straight Through Processing) broker, and the broker does not set any restrictions on its trading platform.
You can trade with any kinds of methods, and Forex pairs are tradable 24/5 without a break time.
All orders of clients will be sent to the Forex market(liquidity providers) directly, and HotForex will not interfere or manipulate orders at all.
Thus, the quality of executions of all your orders will be depending on the liquidity provided by the market.
You may note that HotForex does not limit your trading activities, and this indicates that slippage is also unlimited and order rejections can happen in case there is no liquidity in the market.
But please note that slippage and order rejections are not caused by HotForex, but the market.
When is the low liquidity?
Low liquidity means that there is not so many buy/sell orders in the market, and that means that there is only a limited number of counter-orders available for your order to be executed.
It is very normal that one of your orders gets slippage or rejected, due to low market liquidity.
Low liquidity can be expected beforehand:
- Minor/Exotic Currency Pairs
- Around midnight in MT4 server time
- Before very important economic news event
Low liquidity causes:
- High Volatility of market prices
- Slippage
- Order Rejections
You can think of “low liquidity” as one of your worst enemies in the Forex market.
