Brokers that allow partial open/closure of positions | Forex Factory

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Brokers that allow partial open/closure of positions

  • #1
  • First Post: Dec 15, 2013 7:42pm Dec 15, 2013 7:42pm
The only one I can find is interactive brokers anyone else do scaling in and out apart from the major banks? Preferable UK based as well.
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  • #2
  • Dec 15, 2013 7:59pm Dec 15, 2013 7:59pm
hmm.. what is "scaling in and out", by the way? You mean adding to initial positions and partial/gradual closures?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #3
  • Dec 16, 2013 9:00am Dec 16, 2013 9:00am
U.S. Trader here, but as far as I know most MT4 brokers will allow you to partial close trades with a minimum size of $1k (.01 lots).

I know for a fact it's possible to place these orders at:
FXDD
M2 Forex
ILQ
Citi

I don't think it's possible at forex.com / GAIN capital.
  • #4
  • Dec 16, 2013 8:11pm Dec 16, 2013 8:11pm
Quoting Pipanator
The only one I can find is interactive brokers anyone else do scaling in and out apart from the major banks? Preferable UK based as well.
FXCM allows you to scale in and out of positions. For example, if you are long 100k EUR/USD, you can partially close the position with an order to sell 70K EUR/USD. That would leave you with 30K long. You can partially close positions using market orders, stop orders or limit orders. If your account is with FXCM UK, you just have to remember to disable the hedging feature that is enabled by default on UK accounts.
  • #5
  • Dec 16, 2013 8:24pm Dec 16, 2013 8:24pm
Quoting Jason Rogers
{quote} FXCM allows you to scale in and out of positions. For example, if you are long 100k EUR/USD, you can partially close the position with an order to sell 70K EUR/USD. That would leave you with 30K long. You can partially close positions using market orders, stop orders or limit orders. If your account is with FXCM UK, you just have to remember to disable the hedging feature that is enabled by default on UK accounts.
Doesn't that mean you can only scale OUT and not scale IN?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #6
  • Dec 17, 2013 7:01am Dec 17, 2013 7:01am
Hm, I've thought that all brokers who offer MetaTrader 4 allow partial closing... Well, I'm actually trading with Real Trade and always using an opportunity of partial closing of orders. Very useful indeed! All you have to do is click on close trade and then modify volume.
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  • #7
  • Dec 17, 2013 11:56am Dec 17, 2013 11:56am
Quoting skenobi
{quote} Doesn't that mean you can only scale OUT and not scale IN?
Hi Skenobi,

You can also scale into positions with FXCM. Our platform has both an Open Positions window and a Summary Window.

The Open Positions window will show you each individual trade you opened in a given currency pair separately.

http://img600.imageshack.us/img600/7442/12e5.png


The Summary window will show your combined net position in a given currency pair along with your average entry price.

http://img819.imageshack.us/img819/6805/pj6q.png

  • #8
  • Dec 22, 2013 8:32pm Dec 22, 2013 8:32pm
I see a super trader in a strong winning position and he increased his lot size to the inital lot size. Say he starts of at 10 lots but then decided to scale up to 50 take a number of points then begin to scale down as the market exhausts. I think it was using Ninjatrader or Tradestation platform not sure what broker it was.
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  • #9
  • Last Post: Jun 18, 2021 12:44am Jun 18, 2021 12:44am
Quoting Marko
Hm, I've thought that all brokers who offer MetaTrader 4 allow partial closing... Well, I'm actually trading with Real Trade and always using an opportunity of partial closing of orders. Very useful indeed! All you have to do is click on close trade and then modify volume. {image}
Dude, thanks a ton
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