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BRE Forex Upgrades Its Smart Orders

Dec 13 2012

The Polish broker BRE Forex has released an interesting enhancement of its Smart Orders expert advisor (EA): stop loss and take profit values can now be set as a monetary value, and not only in pips. 

This innovation may seem tiny, yet it significantly simplifies and speeds up the trading process, letting traders manage their risk better. 
BRE Forex is not the first broker to introduce this: we have already seen the option to set Stop Loss/Take Profit levels for market orders at two other brokers: Trading 212 and ForexClub (the feature is available on the StartFX platform).  It is particularly useful for traders who like keep an eye on their available balance and to calculate their risk according to the initial capital. 
With this, BRE Forex’s Smart Orders become even a neater tool for the broker’s customers. With them, you can trade directly from the charts – and what’s more, placing and modifying orders gets done with a single click. The EA allows traders to close all their open positions and pending orders simultaneously, and it also offers a market depth overview and shows the best five sell and buy offers for a particular trading instrument in real time.
BRE Forex customers have access to ECN dealing via the BRE TRADER ECN trading platform, which is essentially of Metatrader 4 (MT4), the industry’s most popular platform. Amongst MT4’s many advantages is the MQL programming environment, where people can create custom indicators and EAs. 
The broker offers access to a deep pool of liquidity providers - Barclays, Bank of America, Commerzbank, Nomura, Deutsche Bank, Goldman Sachs, Morgan Stanley, BNP Pariba, etc. Clients can trade over 100 instruments, including 57 currency pairs and contracts for differences (CFDs). The maximum leverage allowed is 1:100 and the spreads are variable, starting from 0 pips, with a commission of 0,005%. 

About BRE Bank Group

The BRE Bank Group comprises specialized companies, direct or indirect subsidiaries of BRE Bank. The services of the Group provide a comprehensive financial offer tailored to the needs of corporate clients, Private Banking clients, and retail clients. BRE Bank Securities (Dom Inwestycyjny BRE Banku) offers all brokerage services available in the Polish capital market. The group serves individual and institutional investors, both Polish and foreign. Thanks to its robust infrastructure, highly trained and experienced staff and advanced information technology, BRE Bank Group has been strengthening its standing in the market for brokerage services year by year. The group’s average share of the WSE’s trading volumes is 6% for stocks and 12% for derivatives.
TAGS: BRE Forex  forex broker  MT4  trading platform  expert advisor  EA  smart orders  MQL  Trading 212  Forex Club  StartFX 
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