Trading conditions

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Trading conditions

Execution & Methodology

Maps IG execution standards are designed to be clear and simple for the benefit of our traders. Foreign Exchange markets trade fairly smoothly most of the time in any 24 hour trading period. Maps IG obtains its price feed from the various banking institutions we collaborate with and as such provides the best available rate and speed of execution. All clients’ trades are covered in the real market.

Placing orders is done easily with the click of a mouse. Our MetaTrader 4 trading station supports the market and limit orders that are placed manually or with the help of a Forex Expert Advisor (EA). 

Maps IG supports all trading strategies including hedging, scalping.

Besides the traditional method of trading on the computer, you are also welcomed to trade via telephone by speaking directly with the Treasury desk or on your mobile phone while on the go.

We strongly believe that successful trading needs a systematic risk/reward approach and that trade entry and exit points should be studied carefully. This approach does not fit with the short term view of scalping markets for a tiny profit with a quick succession of trades.

Trading conditions

Forex Expert Advisor Trading

A Forex Expert Advisor, also known as an EA, is a mechanical trading system (MTS) used for Forex trading. Expert Advisors allow for automatic trading to take place, freeing the trader from continuously having to watch the market. Making a profit while trading in the foreign exchange market is determined by a large number of human factors, such as emotions, knowledge, and even the psychology of the trader. Automated programs such as Expert Advisors remove a great deal of these factors from the equation and enable the trader to make better-informed decisions by evaluating multiple factors at once.

An Expert Advisor can inform clients about the possibility of striking bargain deals and EAs are used by beginners and experienced traders alike. Regardless of the level of experience, Expert Advisors can be used to assist traders by allowing them to work in different markets and under different conditions.

Expert Advisors are designed in the MetaQuotes Language 4 (MQL 4), which is a built-in language for programming trading strategies. This language allows for EAs to be programmed to trade accounts automatically by managing trading operations from directly sending orders to the broker’s server, to placing and adjusting pending orders, or placing trailing stops.

There are hundreds of different and unique EAs in the market, all functioning in accordance with different rules. The common factor they all share, however, is the adherence to a strict trading strategy and the consistent way of evaluating all parameters at the same time, often more successfully than any human could. Nonetheless, it is important to remember that an Expert Advisor is a trading robot and should be used with caution. It is essential to understand how it operates, the implications it will have on your trading and strategy, and have a trustworthy source and point of contact for the EA. Online forex broker Maps IG allows the use of all types of Expert Advisor on its MT4 trading platform and all types of trading strategies.

News Expert Advisor
This is a type of hedging Expert Advisor. The News EA is designed to take advantage of news updates and events and the large price shifts that can occur during the financial news releases.
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Trading conditions

Islamic Trading Conditions

It is generally accepted that foreign exchange trading is permissible under Islamic law.

Maps IG offers Islamic Trading conditions that are specifically tailored to clients with Muslim beliefs and that abide by Sharia law.

Islamic trading accounts are given freely to Muslim clients through quick and simple online live account opening via our secure application form. Clients can choose one of the three types of trading accounts offered by Maps IG: MINI, Standard, or Premium and enjoy the same first-class trading conditions as non-Muslim clients in full adherence to their religious beliefs. Traders can further optimize the account by selecting the leverage and volume of their preference.

Maps IG offers Islamic forex trading accounts that are SWAP free and clients do not get charged interest for holding overnight positions. Maps IG does not charge clients any additional fees or commission, nor widens the spreads at any time as a means to compensate for offering interest-free accounts. Instead, Maps IG maintains that all clients trade under fair and ethical trading conditions. 

The Islamic Accounts offered have been created to be compliant with Islamic religion, specifically Sharia Law. To make it easy to understand with a simple example, the Sharia Law that is taken into account for Islamic Accounts is to give or receive and not to expect anything in return. This is why Maps IG provides Islamic Accounts with no additional charge, hidden cost, and most importantly no interest fees (SWAP Free).

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GENERAL SERVICES

ABOUT US

Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with MAPSIG, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.