At FORFX, we have specific rules to ensure fair and stable trading conditions. The following strategies are strictly prohibited:
- Sharing or Selling Accounts:
- Sharing or transferring funded accounts to another person is strictly prohibited. This serious violation will result in account closure.
- High-Frequency Trading:
- The use of advanced computer algorithms and high-speed connections to execute a large volume of trades within fractions of a second is prohibited. This increases the likelihood of market manipulation and creates unfair and unstable market conditions.
- User Collusion:
- User collusion involves different individuals opening multiple separate accounts and executing trades in the same direction on the same asset across all accounts, manipulating the market. This is strictly prohibited.
- Hedging or Group Hedging Across Multiple Accounts:
- Opening multiple accounts and executing trades in different directions on the same asset, commonly known as 'hedging,' is forbidden. This strategy causes losses for some and conflicts with real market rules.
- Using Delayed Data:
- Using delayed data, such as stock prices or trading volume, to gain an unfair advantage over traders relying on real-time data is strictly prohibited.
- Trading Based on Delayed Charts:
- Trading based on charts or graphical symbols provided with a delay is not allowed.
- Gambling Trade:
- Traders are prohibited from reaching 80% or more of their challenge target or profit in a funded account with a single trade or a combination of simultaneous trades on a single or multiple symbols.
- During Challenge Phases:
- In both Phase 1 and Phase 2 of the challenge phases, traders are not allowed to reach 80% or more of their profit target with a single trade or a group of open trades on a single or multiple symbols.
- For example, in a $10,000 account with a profit target of $1,000, traders cannot earn more than 80% of this target ($800) with a single or multiple simultaneous trades on a single or multiple symbols.
- If such activity is detected, it will be considered a violation of risk management rules and the profits from those trades will be removed. The purpose of this rule is to prevent traders from passing all phases through hedging or taking on excessive risks.
- Repeating this rule is considered a "Soft Breach." If this violation is repeated three times, your account will be breached on the third violation and you will no longer be able to trade.
- In Funded Accounts:
- In funded accounts, the amount of profit requested for withdrawal should not have been earned 80% through one or more simultaneous trades. In this case, the trader must continue trading until this number falls below 80% of the total profit.
- Example: In a $10,000 account, $1,000 profit has been generated, of which $800 has been generated by one or more simultaneous trades. In this case, the trader must continue trading. By earning an additional $100, the total profit reaches $1,100, and the simultaneous trade or trades account for less than 80%. Therefore, a withdrawal request can be submitted.
- If this rule is violated in the challenge phases, the same simultaneous trade or trades that resulted in more than 80% profit will be removed, and the trader can continue trading. In the funded account, the trader will continue trading until the percentage is balanced by earning more profit.
- Note: Simultaneous trades are not based on the opening time of the trades. For example, if you open a trade, and after an hour, with the first trade open, you open the second trade, these two trades are considered simultaneous. If you close the first trade and open the next trade, it will not be a simultaneous trade.
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- Abuse of Price Latency
- Definition: Price latency abuse involves exploiting discrepancies or delays in price feeds to make riskless profits using technical means or third-party services.
- Monitoring and Consequences:
- Challenge Phase: Accounts engaging in price latency abuse will be disqualified and not upgraded.
- Funded Stage: Accounts will be terminated immediately, and any pending payouts forfeited.
- Account Termination and Ban: Guilty traders will have their accounts permanently terminated and be banned from opening new accounts.
- Finality and Amendments:
- Decisions on account termination and banning are final and non-negotiable.
- FORFX may amend these terms anytime, with notification via the platform.
- Abuse of Dividend Events
- Definition:Dividend event abuse involves placing high-margin trades just before a dividend event to make riskless profits.
- Monitoring and Consequences:
- Challenge Phase: Accounts will be disqualified and not upgraded.
- Funded Stage: Accounts will be terminated immediately, and any pending payouts forfeited.
- Account Termination and Ban: Guilty traders will have their accounts permanently terminated and be banned from opening new accounts.
- Finality and Amendments:
- Decisions on account termination and banning are final and non-negotiable.
- FORFX may amend these terms anytime, with notification via the platform.
- Arbitrage Trading in Forex
- Definition:Arbitrage trading involves exploiting price discrepancies between markets or brokers to make a profit
- Policy and Consequences:
- Prohibition: Arbitrage trading is strictly prohibited.
- Challenge Phase: Accounts engaging in arbitrage trading will be disqualified.
- Funded Phase: Accounts will be terminated immediately, and no profit will be paid out.
- Permanent Ban: Guilty traders will be permanently banned from the platform and from purchasing any challenges in the future.
These policies ensure a fair and equitable trading environment for all participants at FORFX. By engaging in trading activities with FORFX, traders acknowledge and agree to abide by these terms and conditions. Any violation will result in the outlined consequences.