RoboMarkets information regarding Apple, Tesla stock splits

RoboMarkets information regarding Apple, Tesla stock splits

Dear Clients and Partners,On August 31st, 2020, Apple AAPL and Tesla TSLA will have their stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by that multiplier.Apple will have a 4for1 stock split 1 share will be split into 4, while Tesla 5for1 1 share will be split into 5.How it will influence positions and orders?If you have open positions in Apple and Tesla shares or plan to open such positions, please pay attention to the following changes, which will be effective as of August 31st, 2020MetaTrader 4 MetaTrader 5 accountsThe split procedure will take place during the weekend, August 29th and 30th.All pending orders Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit in AAPL and TSLA will be canceled.For positions in AAPL, the opening price will be divided by 4.For positions in TSLA, the opening price will be divided by 5.The volume of each open position in AAPL will be multiplied by 4.The volume of each open position in TSLA will be multiplied by 5.Please note that if you are using an Expert Advisor EA, we suggest that you check with its developers whether its code needs any modifications to ensure correct interpretation of the price data after the stock split.R Trader accountsThe split procedure will take place on August 31st at 300 PM server time.During the split procedure,…

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