Regulatory
Regulatory Controls
Avoid unexpected trade closures due to FIFO and regulatory restrictions.
FX Gameplan includes specialized options designed primarily for U.S. traders subject to FIFO (First-In-First-Out) rules, but any trader may configure these settings if desired.
FIFO rules restrict how you can manage multiple positions on the same currency pair in the same account. FX Gameplan allows you to decide how strictly you want these controls enforced.
What is FIFO?
Under U.S. NFA regulations, when you hold multiple trades in the same instrument, you must close the oldest trades first (First-In-First-Out).
Additionally:
- You cannot open opposing positions (e.g., buying and selling the same currency pair).
- Some brokers interpret FIFO to also restrict identical volume trades or partial hedges.
Non-U.S. traders are usually not subject to FIFO and can disable these controls.
Configuring Regulatory Controls
To access these options, go to:
Settings > US Regulatory
✅ Opposing Trades
When you try to open an opposing trade (for example, opening a Sell when you have an open Buy) in the same sub-account, your broker may force-close part or all of your existing trade. This can realize losses unintentionally.
Choose what FX Gameplan does in this situation:
-
Prevent Opposing Trades (default):
Blocks the order entirely, similar to MetaTrader™, ensuring no forced closures occur. -
Warn Always:
Prompts you every time so you can decide whether to proceed. -
Warn Never:
Executes the order instantly without any prompt.
Recommended only if you are a non-U.S. trader or fully understand the consequences. -
Warn When Hotkey Not Pressed:
Executes the order instantly if your configured hotkey is pressed.
Prompts you if the hotkey is not pressed.
✅ Similar Volume Trades
Some brokers interpret FIFO rules to also restrict opening trades of the same volume in the same currency pair and account.
(Note: This is less universal but can occur depending on your broker's implementation.)
Choose how to handle attempts to open identically sized positions:
-
Prevent Identical Volume Trades (default):
Blocks the trade and shows a warning. -
Auto-Reduce Volume:
Automatically subtracts a small amount (e.g., 0.01 lot) so the order can be placed without triggering identical volume restrictions. -
Warn Always:
Warns you of a potential FIFO violation but allows you to proceed. -
Warn Never:
Executes the order instantly without any prompt.
Recommended only if you are a non-U.S. trader or fully understand your broker’s policies. -
Warn When Hotkey Not Pressed:
Executes the order instantly if your hotkey is pressed.
Prompts you if the hotkey is not pressed.
Using Hotkeys
Instant execution when you need it.
When your hotkey is active, a notification appears in the status bar to indicate that confirmations will be skipped.
Tips for Regulatory Settings
- U.S. traders should leave the default options enabled to prevent accidental FIFO violations - potentially incurring a loss.
- If you trade with non-U.S. brokers, you can safely disable or relax these controls.
- Always confirm with your broker exactly how they enforce FIFO to avoid unexpected behavior.
For help configuring regulatory controls or understanding FIFO, contact our support.
