Categories: News, Order

OANDA FIFO Violation: Essential Trading Tips for Placing an Order

OANDA’s First-In-First-Out (FIFO) policy states that customers must exit their oldest open position when closing a currency pair, and may not open additional positions in the same currency pair until all existing positions are closed or transferred to another instrument. This policy is also applicable to pending orders, which must be placed using the priority of already existing positions and not new trades. Violations of the FIFO policy can result in severe penalties, including the closure of all open positions and the ceasing of trading activities on an account.

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