Trading Conduct & Risk Management Policy

Applicable To: All Clients, Trading Accounts, Masters, Managers and Authorized Users

By accessing or continuing to trade on the platform, all clients acknowledge and agree to comply with the following Trading Conduct and Risk Management Policy.

The purpose of this policy is to maintain fair trading conditions, protect market and liquidity-provider relationships, prevent abusive trading practices, and ensure the integrity and stability of the trading environment.

1. Trading Conduct

1.1 Prohibited Trading Practices

The following trading practices are strictly prohibited:

• Jobbing.
• Abusive or ultra-short-term scalping.
• Latency arbitrage.
• Price-feed exploitation.
• Exploitation of delayed, stale, incorrect, or abnormal quotes.
• Exploitation of execution delays or liquidity-provider price discrepancies.
• Arbitrage based on technical, pricing, execution, or system inefficiencies.
• Coordinated or group trading between multiple accounts.
• Account sharing or allowing another person to operate an account.
• Any trading strategy designed primarily to exploit platform, broker, bridge, liquidity-provider, or execution-system inefficiencies.

1.2 Five-Minute Holding Rule

Clients are not permitted to square off or close any trade within 5 minutes of its execution.

Any position closed before completion of the minimum 5-minute holding period may be classified as a short-term trade.

The company reserves the right to:

• Cancel the affected trade.
• Remove any profit generated from the trade.
• Reverse or adjust the transaction where required.
• Review related trading activity for potential abusive trading.

The 5-minute holding rule does not prevent the company from taking action against latency arbitrage, group trading, or other prohibited activity where trades are held for longer than 5 minutes.

1.3 Parking

Parking of positions for the purpose of manipulating, circumventing, or avoiding applicable trading or risk-management restrictions is strictly prohibited.

Any activity identified as parking or otherwise attempting to circumvent the company's trading controls may be reviewed and corrective action may be taken.

2. Latency Arbitrage & Price Exploitation

2.1 Latency Arbitrage

Latency arbitrage is strictly prohibited.

This includes attempting to profit from:

• Delayed market data.
• Stale or outdated quotes.
• Price-feed delays.
• Differences between LP prices and platform prices.
• Differences between multiple liquidity sources.
• Bridge or execution delays.
• Delayed price updates.
• Technical or system inefficiencies.
• Temporary discrepancies between external market prices and platform prices.

2.2 Price Feed Exploitation

Clients must not intentionally place trades when they identify or reasonably suspect that the displayed price does not accurately represent the prevailing market price.

This applies to both market and pending orders.

Repeated trading immediately following price-feed delays, quote updates, price corrections, liquidity changes, abnormal spreads, or temporary pricing discrepancies may be reviewed as potential price or latency exploitation.

2.3 Execution Exploitation

Any strategy designed to obtain executions primarily because of an execution delay, stale quote, bridge delay, or temporary pricing discrepancy may be classified as abusive trading.

The company reserves the right to review and take action against such trades regardless of the order type used.

3. Pending Orders – Buy Limit / Sell Limit / Stop Orders

Buy Limit, Sell Limit, Buy Stop and Sell Stop orders are permitted as part of legitimate trading activity.

However, pending orders must not be used for:

• Latency arbitrage.
• Stale-price exploitation.
• Price-feed exploitation.
• Abnormal execution exploitation.
• Liquidity-provider discrepancies.
• Artificial order manipulation.
• Coordinated/group trading.

Repeated placement, modification, cancellation, and re-entry of pending orders around price-feed movements or execution events may be reviewed by Risk Management.

The fact that a trade was executed through a pending order does not exempt the trade from the company's Risk Management Policy.

4. Ultra-Short-Term Scalping & Jobbing

Jobbing and abusive ultra-short-term scalping are strictly prohibited.

Trading activity may be considered abusive where the primary purpose appears to be capturing:

• Small price discrepancies.
• Spread movements.
• Latency differences.
• Execution delays.
• Temporary price-feed errors.
• Liquidity-provider discrepancies.

Repeated rapid entries and exits, particularly when combined with similar trading patterns across multiple accounts, may be subject to investigation.

The company may consider the overall trading pattern rather than evaluating individual trades in isolation.

5. Group Trading & Coordinated Trading

Coordinated trading between multiple accounts, clients, devices, locations, or individuals for the purpose of obtaining a trading advantage is strictly prohibited.

Group trading may include, but is not limited to:

• Multiple accounts entering the same instrument at substantially the same time.
• Similar or identical entry prices.
• Similar lot sizes.
• Similar stop-loss or take-profit levels.
• Identical or substantially similar pending orders.
• Coordinated entries and exits.
• Multiple accounts following the same execution sequence.
• Accounts collectively exploiting the same market or pricing event.
• Accounts being operated by the same person or group.

The company may investigate accounts that demonstrate highly similar or synchronized trading behaviour.

6. Same IP Address / Same Network Policy

Trading activity from the same IP address or network may be subject to Risk Management monitoring.

Where multiple trading accounts are identified as operating from:

• The same IP address.
• The same Wi-Fi network.
• The same LAN/network.
• The same VPN or proxy.
• The same physical location.
• Multiple devices connected to the same network.

and such accounts demonstrate coordinated trading behaviour, the activity may be classified as group trading, account sharing, or coordinated trading.

Particular attention may be given where multiple accounts from the same IP or network:

• Trade the same instrument.
• Trade in the same direction.
• Enter or exit at substantially the same time.
• Use similar lot sizes.
• Place similar pending orders.
• Follow substantially similar trading sequences.
• Generate similar execution patterns.

Trading from the same IP address may itself trigger a Risk Management review. However, the company may consider the IP address together with trading behaviour, execution records, account information and other available evidence when determining whether coordinated activity has occurred.

The use of different devices, IP addresses, VPNs, networks, or locations does not prevent the company from taking action where the overall activity indicates coordination.

7. Multiple Accounts & Account Sharing

Clients must not use multiple accounts to circumvent trading restrictions or obtain an unfair trading advantage.

Accounts may be reviewed where they demonstrate:

• Common trading patterns.
• Coordinated entries and exits.
• Similar order placement.
• Common IP addresses or networks.
• Common devices or locations.
• Similar execution behaviour.
• Other indicators of common control or coordination.

Allowing another person to trade on an account or operating another person's account for the purpose of obtaining a trading advantage is prohibited.

8. FIFO / LIFO & Order Sequencing

Clients are not permitted to use order sequencing to circumvent the company's trading restrictions.

Trades may be processed using FIFO (First In, First Out), LIFO (Last In, First Out), or another applicable execution methodology based on the company's Risk Management and Order Execution System.

Attempts to exploit order sequencing through:

• Rapid in-and-out trading.
• Multiple simultaneous positions.
• Arbitrage.
• Latency exploitation.
• Artificial order placement.
• System or execution inefficiencies.

may result in trade adjustment, cancellation, profit removal, or other corrective action.

9. Major Market Events

During major market events, news releases, economic announcements, or periods of abnormal market volatility, the company may remove all or selected pending limit orders without prior notice.

This measure may be implemented to manage:

• Excessive volatility.
• Liquidity shortages.
• Abnormal spreads.
• Execution risk.
• Liquidity-provider restrictions.
• Market gaps.
• Increased slippage.

Clients are responsible for monitoring their pending orders and positions during major market events.

10. Friday Pending Orders

Every Friday after the applicable market close, all remaining pending orders may be deleted.

Clients are responsible for reviewing their orders before the market closes.

No individual reminder or notification is required before pending orders are removed.

11. Instrument Expiry

The company will not be responsible for providing individual reminders regarding the expiry of futures, CFDs, contracts, or other instruments.

Clients are solely responsible for monitoring:

• Contract expiry dates.
• Rollover dates.
• Trading hours.
• Contract specifications.
• Market closures.
• Symbol availability.

Any position remaining open around an instrument's expiry may be subject to applicable market, liquidity-provider, or platform procedures.

12. Rapid Exit & Re-Entry

Repeatedly exiting and immediately re-entering a position in the same direction or instrument for the purpose of exploiting short-term price movements, execution conditions, spreads, latency, or pricing discrepancies may be considered abusive trading.

This includes patterns where a client:

• Closes a position.
• Immediately re-enters in the same direction.
• Repeats the process multiple times.
• Attempts to capture small price differences or execution advantages.

Risk Management may assess such activity based on the complete trading pattern.

13. Risk Management Investigation

The Risk Management Team may review trading activity based on, but not limited to:

• Order history.
• Execution timing.
• IP addresses.
• Devices.
• Networks.
• Trading locations.
• Account relationships.
• Order patterns.
• Lot sizes.
• Entry and exit timing.
• Pending-order behaviour.
• Market conditions.
• Liquidity-provider information.
• Execution records.
• Pricing information.
• Trading-platform logs.

A review may involve one account or multiple accounts connected directly or indirectly to the activity under investigation.

14. Corrective Actions

Where prohibited or abusive trading activity is identified, the company reserves the right, at its sole discretion and subject to applicable agreements and law, to take one or more of the following actions:

• Delete affected trades.
• Cancel affected trades.
• Reverse affected transactions.
• Adjust trade execution or P&L where appropriate.
• Remove profits generated from prohibited activity.
• Reject or cancel pending orders.
• Restrict trading activity.
• Suspend an account.
• Close an account.
• Investigate related trading activity.

The company may take action without prior notice where immediate action is reasonably necessary to protect the trading environment, liquidity relationships, or platform integrity.

15. Risk Management Authority

The Risk Management Team is authorized to monitor, investigate, and assess trading activity for compliance with this policy.

The company may use available trading, technical, execution, and account information when determining whether trading activity constitutes prohibited or abusive behaviour.

A single trade may not always provide sufficient information to determine intent. Accordingly, Risk Management may assess the overall trading pattern and surrounding circumstances.

16. Policy Acceptance

These rules form an integral part of the trading conditions applicable to clients using the platform.

By opening, maintaining, or continuing to trade an account, the client confirms that they have read, understood, and accepted this Trading Conduct & Risk Management Policy.

Clients are responsible for ensuring that their trading activity remains compliant with these rules.

Failure to read or understand these rules does not exempt a client from their application.