Order Warning

An Important Notice About Orders Left Within The Market

Orders placed on the DealStation™ are considered as independent and are not linked to any particular open position(s) in the customer's account. All open orders are GTC (Good Till Cancelled) and the Deal Desk will execute these orders once triggered. OCO orders (One Cancels Other) are an exception in that if one side of the order is filled, the other side will be cancelled.

Orders can be used to either square (close) open trades or enter the market at various market prices. Should you decide to close your open trade(s) via market order(s), your open order(s) will still remain active until cancelled or executed by the dealing desk. Beware not to let these open orders become open trades if that is not your intention. You can cancel open orders by clicking on the order number and confirming that you wish to cancel these orders.

MG Financial Group is closed from Friday at 3:00 PM to Sunday at 5:00 PM NYT, however, the forex market is continually active due to the political and economic events that are happening 7 days a week. In fact, if there is a big news announcement while MG is closed, there is a chance that your stop or limit order may be triggered; and once the specified rate is hit, your stop or limit order will become an active market order. Your order may be filled during the time that MG is closed or at the time of opening. For this reason, it is advisable to settle your short-term positions prior to weekends and holidays.

If you are experiencing any technical difficulties such as net congestion and are uncertain as to the status of your orders of your positions, please contact the Dealing Desk immediately at 1-212-835-0104(5). Should a situation like this arise, we suggest that you do not attempt to adjust your positions through the online platform since any order(s) you cancel will no longer be the responsibility of the Dealing Desk to fill.