We are committed to supporting our traders and providing them with the necessary tools to succeed in the market.
That is why we welcome different trading approaches, including automated trading tools like First Party EAs, Algos, or Bots. Please ensure you read below for all the information regarding this.
We understand that every trader has a unique trading style, and we encourage them to explore and experiment with various strategies, we do not support EAs that replicate the same or similar strategy to one another, this can be the case when using an Public EA.
However, please be aware our model has specific guidelines and restrictions that traders must adhere to when using automated tools. These guidelines are in place to ensure that all traders have an equal opportunity to succeed and that the trading environment is fair and equitable. Our team carefully monitors all trading activity to detect any potential violations of these guidelines.
Trading Ethics Policy:
We have a zero-tolerance policy for any unethical trading practices, such as latency arbitrage, account arbitrage, tick scalping or any other forms of cheating. Such practices not only violate our guidelines but also undermine the integrity of the trading environment and can have a detrimental effect on other traders. We also do not allow Martingale.
Grid Trading:
Engaging in ‘grid trading’ tactics is forbidden. When orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices.
HFT/Tick Scalping:
Tick scalping & HFT although subjective are generally not allowed, we define these as trades that are only open for 1-12 seconds.
Hedging/Reversing Between Accounts:
Hedging between accounts, where you take opposite positions on multiple accounts, whether during an evaluation or live account, is considered cheating and strictly prohibited. The account(s) will be closed without a refund. For example, opening a long position for EURUSD on one account and a short position for EURUSD on another account would constitute opposite positions.
Am I following the right strategy?
Please note it is the sole responsibility of the trader to trade in accordance with these guidelines. Our customer support team are unable to verify individual or specific activity on request therefore it is the sole responsibility of the trader to trade in accordance with these guidelines.
If there is an account found to be in breach of these guidelines. This will be flagged by a member of the Instant Funding team who will reach out to you separately regarding the next steps.
For more information please see our Terms and Conditions.