What strategies are prohibited?
What trading strategies are prohibited at FXIFY?
FXIFY prohibits several trading strategies that can undermine market integrity, including but not limited to:
- High-Frequency Trading (HFT)
- The use of advanced algorithms to execute a large number of trades in fractions of a second, leading to market manipulation and instability.
- Reverse and Group Hedging
- Strategies that involve placing offsetting positions across accounts to artificially reduce market risk, circumventing risk management rules.
- Account Management
- Allowing someone else to trade on your behalf or managing multiple accounts under different names, which violates our one-account-per-customer rule. This includes “pass your challenge” services and similar services.
- Latency Arbitrage
- Exploiting delays between price updates across platforms to gain an unfair advantage, distorting true market conditions.
- Order Book Spamming
- Flooding the order book with fake buy or sell orders to create a false impression of demand or supply, misleading other traders.
- Herd Trading and Collusion
- Coordinated trading among multiple users to manipulate market actions, which undermines fair trading practices. This includes using the same EA from the same company as it would lead to coordinated trades.
- Exploiting Bugs and Glitches
- Taking advantage of any platform errors or delays to profit unfairly, which is strictly prohibited.
- High Leverage News Trading
- Placing large, leveraged positions around major news events, akin to gambling without proper risk management.
- Statistical Arbitrage
- Deploying high-risk trades based on statistical models, aiming for significant wins to offset losses from multiple accounts.
Please note these are brief descriptions, please visit this article for more detail.
Why are these strategies prohibited?
These strategies can lead to market manipulation, unfair advantages, and risk to the integrity of trading activities.
What are the consequences of using prohibited strategies?
Engaging in prohibited strategies will result in account termination and voided profits.
For a detailed explanation of each prohibited strategy, please read the full article: FXIFY’s Prohibited Strategies.
Furthermore, you can find more information about this in section 5.4 of our Terms and Conditions.
If you have any further questions, please contact support@fxify.com.
