Prohibited Trading Practices
3.1 Carry Trading
3.2 Hedging
3.3 High-Frequency Trading
3.4 Misuse of Bonuses
3.5 Trading Outside Market Hours
3.6 Unapproved Trading Strategies
3.7 Market Manipulation
3.8 System Disruption
3.9 Non-Compliance with KYC/AML
Enforcement and Remedies
Governing Law and Jurisdiction
1. Introduction
This Agreement sets forth the restrictions imposed upon Clients of the Company with respect to trading activities conducted on the Company’s platform.
These restrictions are intended to preserve the integrity of the market, ensure fair trading conditions,
and protect the Company and its Clients from abusive or manipulative practices.
2. Definitions
“Company” means the brokerage entity providing trading services under this Agreement.
“Client” means any individual or entity holding a trading account with the Company.
“Trading Platform” means the electronic systems and related infrastructure through which the Client may execute trades.
3. Prohibited Trading Practices
3.1 Prohibition of Carry Trading
The Client shall not engage in “carry trading,” defined as maintaining open positions in currency pairs with differing interest rates or other fundamental discrepancies for extended periods,
for the sole purpose of deriving benefit from yield or interest differentials. The Company may close such positions without notice.
3.2 Restriction on Hedging
The simultaneous opening of long and short positions in the same currency pair, or in substantially correlated pairs,
is prohibited. Such transactions shall be deemed invalid and may be cancelled at the Company’s discretion.
3.3 Ban on High-Frequency Trading
The execution of trades at an excessively high rate of speed, through automated means or otherwise,
which may disrupt market liquidity, distort pricing, or impair the orderly operation of the Trading Platform, is strictly forbidden.
3.4 Misuse of Bonuses
Promotional bonuses or incentives provided by the Company may not be used to gain any unfair advantage in trading. Misuse includes,
but is not limited to, artificially inflating trade sizes or directly generating profits from bonus funds. Violations may result in revocation of the bonus and suspension of the account.
3.5 Compliance with Market Hours
The Client shall conduct all trading activities strictly during official market hours as defined by the Company.
Trades placed outside such hours shall be void ab initio or subject to review.
3.6 Use of Unapproved Trading Strategies
The Client shall refrain from using trading strategies that contravene Company policy,
including excessively speculative approaches or the use of unapproved automated trading systems (Expert Advisors, bots, or similar programs).
3.7 Prohibition of Market Manipulation
The Client shall not engage in practices that manipulate or attempt to manipulate market prices. This includes,
without limitation, placing abnormal orders intended to create artificial price movements or disrupt fair market conditions.
3.8 Prohibition of Activities Disrupting System Operations
Any conduct likely to impair or interfere with the stability, performance, or integrity of the Trading Platform is prohibited.
Abnormal trading activity or the use of disruptive techniques shall be grounds for account suspension.
3.9 Requirement for KYC/AML Compliance
The Client shall not engage in trading unless the Client’s account has successfully passed all Know Your Customer (KYC) and Anti-Money Laundering (AML) verification procedures.
Accounts that fail to comply shall be restricted, suspended, or terminated.
4. Enforcement and Remedies
The Company reserves the unilateral right to cancel trades, revoke bonuses, suspend or terminate accounts, and take any additional measures necessary to enforce compliance with this Agreement.
The Company shall not be liable for any losses incurred by the Client as a result of such enforcement actions.
5. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which the Company is incorporated. Any disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.