Why Choose MahiFX on MT4?
- Competitive pricing in 100 currency pairs
- 100:1* leverage on all instruments
- Trade on the move with mobile MT4
- Access to Expert advisors
- 24/5 customer support
- Trade close to the market - we are scalping friendly
- MT4 available in 30 different languages
What you should know
There are two types of execution in MT4 – ‘Instant’ and ‘Market’. We operate our MT4 offering in instant execution mode. With instant execution the trader is able to control slippage on a market order by specifying the maximum tolerated pips deviation from the ask price in the case of a buy, or the bid price in the case of a sell. If the trade server is unable to fill within that deviation, the trade is rejected and a re-quote message is returned.
This has the following benefits:
- You can easily enter stop losses and take profits at the time you place your order, which protects your trading.
- You are firmly in control of your slippage or "deviation". Large amounts of slippage with ‘market’ style can really affect your profits.
- With instant execution it's as simple as ‘you get what you click’.
Expert advisor programmers could also encounter issues with ‘market’ execution style, as they would need to get into a trade before the program can place stop losses and take profits resulting in much greater risk.
Which platform is right for you?
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* 100:1 Majors (Major/Major), 50:1 Minors (Major/Minor) and 25:1 Metals and Metal Pairs