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What strategies can I use?

What strategies can I use?

You are allowed to use any trading style that you wish. We understand that every trader has different strategies and therefore do not restrict your trading style. We also allow hedging, algorithmic trading, EAs, etc. As long as your trading is legitimate, conforms to the real market conditions and we can replicate your trades on our live corporate accounts, there is no limitation to your trading style or strategy.

We also do not even impose any limits on instruments or position sizes that you trade. You can trade all the instruments and assets that are available in your trading platform (Forex, Indices, Commodities, Stocks, Crypto,…). If your trading strategy is profitable while respecting the rules, we’re happy to see your profit with us.

Grid Trading is allowed (T & C apply )

Martingale is allowed (T & C apply )

If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore the same strategy. By using a third-party EA, you potentially run a risk of being denied the FXIFY™ Account. If you are unsure if your EA is prohibited you can email us at [email protected](subject title EA verification) and the team will review it.

The following trading strategies are forbidden:

  • Account Sharing or Account Sale

Traders are restricted from the sharing of accounts or the re-sale of Funded accounts from one owner to another for any reason. Account sharing and the selling of accounts are strictly prohibited and will result in the immediate breach of your account(s) and being banned from our services as this behaviour goes against FXIFY™ Terms of Use.

  • High-Frequency Trading (HFT)

High-Frequency Trading (HFT) refers to the use of advanced computer algorithms and high-speed telecommunications networks to execute large numbers of trades in fractions of a second.

HFT is prohibited as it can lead to market manipulation, unfair advantages, and can cause instability in the market. Any trader found to be engaging in HFT will breach the FXIFY™ Terms of Use and lose the ability to trade on our platform.

All traders are expected to use our platform fairly and honestly and to comply with all laws, regulations, and the FXIFY™ Terms of Use.

  • Trading in US-Sanctioned Countries

Traders are restricted from logging in and raising orders in OFAC-sanctioned countries.

  • Collusion Between Users

Collusion between users refers to a trading strategy where an individual or group of individuals open multiple accounts with a financial institution and place trades in the same direction (i.e., buy/sell), on the same asset, across all accounts. Collusion between users is also known as “layering” or “spoofing” and is considered a form of market manipulation.

This type of trading behaviour is strongly prohibited and will result in the breaching of all accounts and the banning of the trader.

  • Hedging or Group Hedging Across Multiple Accounts

Hedging or group hedging across multiple accounts, on the other hand, refers to a trading strategy where an individual or group of individuals open multiple accounts with a financial institution and place trades in opposite directions (i.e., buy/sell), on the same asset, across all accounts. This can be done in an attempt to profit from the price movements of an asset without having to take on significant market risk.

This type of trading behaviour is also known as “Arbitrage”  and is not permitted at FXIFY™. In the real market, this would result in $0 profit as you are hedged in both directions. However, while trading with a prop firm, you would be losing the firm money on one account and generating a profit on the other, resulting in risk-free profits, which are violations of compliance with the functioning of the real financial market.

  • Use of a Delayed Data Feed

The use of a delayed data feed in day trading refers to the practice of using a data feed that has a delay or lag in the delivery of market data, such as stock prices or trading volumes, giving an unfair advantage to the trader over other traders who are required to use real-time market data.

  • Trading on Delayed Charts

Trading on delayed charts refers to the practice of using charts or other graphical representations of market data that have a delay or lag in their updates.

 

For more information on this topic, please refer to Section 5 of our T&C’s, or contact a member of our support team.

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