DealStation^TM Trading Platform

Below is a preview of the DealStation™ platform and an overview of the types of orders available on the system:



This is the main screen of DealStation™. It shows the Current Rates, ICT news, Account Status Reports, Open Orders, and Open Trades. You can view the DealStation™'s entire trading interface in any of the following languages: English, Russian, Chinese, Spanish and German.

Order and Confirmation Windows



The order box will appear once a trader clicks on a dealing rate. This box will allow the trader to select the type of order s/he wishes to use to trade.



The confirmation box will appear to verify this transaction. Once approved, your order will be placed and duly reflected in your account.

Types of Orders:

Market Order - This order tells the dealing desk that you want to enter the market at its current price.

Stop Order - This order is used to tell the dealing desk that when the market moves to a certain price, you want this order to be filled. Stop orders can be used in 2 ways: 1) to get out of a losing position(s). 2) to enter the market along with the trend. Notice on the execution of stop orders.

Limit Order - This order is also used to tell the dealing desk that when the market moves to a certain price, that you want this order to be filled. Limit orders can also be used in 2 ways: 1) to lock in the profits of an open position(s) 2) to enter the market against the prevailing trend.

OCO Order - stands for "One Cancels Other" - This order includes both a stop and limit order. When either the stop or the limit order is filled, the other half of the OCO order is cancelled. This order is mostly used to protect open positions and to prevent unwanted positions from being opened.

If done order ?Can only be placed in conjunction with a Stop or Limit order. Only after the initial Stop or Limit order has been executed will an If Done Order become activated. To place an If Done Order, please follow the instructions for the order type Stop or Limit. Once the information about the initial Stop or Limit order has been entered, click the If Done Order button. The window will expand to allow the input of If Done Order information. If Done Order may help traders apply multiple trading strategies.

DealStation Video-Tutorials

Important Notice about Orders: 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 up (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.

Also see Versions of DealStation.