To provide the best service and stability of our platforms, systems and products, we do not allow Scalping on any of our trading platforms. “Scalping” is defined as a method where traders open and close trades within 180 seconds on FX, 300 seconds on Metals and all other CFDs.
Finowiz Fintech Limited reserves the right to cancel orders or void transactions for Scalping, Machine Gunning, Churning, Misquotes and Hedging. Introducing Brokers and CPA Affiliates WILL NOT receive any Fees and/or commissions for transactions that are defined as Scalping trades.
To provide the best service and stability of our platforms, systems and products, we do not allow Machine Gunning on any of our trading platforms.
'Machine Gunning’ is defined as a method where traders open and close trades within 10 seconds. These trades are considered abusive and not allowed on our platform.
Finowiz Fintech Limited reserves the right to cancel orders or void transactions for Scalping, Machine Gunning, Churning, Misquotes and Hedging. Introducing Brokers and CPA Affiliates WILL NOT receive any Fees and/or commissions for transactions that are defined as Machine Gunning trades.
To provide the best service and stability of our platforms, systems and products, we do not allow churning on any of our trading platforms. “Churning" is defined when more than 40% of the total trades from traders were opened and closed within 300 seconds.
Finowiz Fintech Limited reserves the right to cancel orders or void transactions for Scalping, Machine Gunning, Churning, Misquotes and Hedging. Introducing Brokers WILL NOT receive any Fees for transactions that are defined as Churning trades.
We have multiple liquidity providers and quotes are aggregated using an aggregation system which generates a price from multiple liquidity providers (usually more than 9 liquidity providers). Misquotes may happen when 1 or more liquidity providers have “skewed” prices and quotes are very different from other liquidity providers. In such a case we reserve the right to reverse, cancel or delete orders where misquote occurred.
Finowiz Fintech Limited reserves the right to cancel orders or void transactions for Scalping, Machine Gunning, Churning, Misquotes and Hedging. Introducing Brokers and CPA Affiliates WILL NOT receive any Fees and/or commissions for transactions that are defined as Misquotes.
We have multiple liquidity providers and quotes are aggregated using an aggregation system which generates a price from multiple liquidity providers (usually more than 9 liquidity providers). Similar to misquotes policy, Arbitrage is when traders take unfair advantage on quotes that are very different from other liquidity providers. This may happen when 1 or more liquidity providers have “skewed” prices and quotes that may be different from other liquidity providers.
Finowiz Fintech Limited reserves the right to cancel orders or void transactions for Scalping, Machine Gunning, Churning, Misquotes and Hedging. Introducing Brokers and CPA Affiliates WILL NOT receive any Fees and/or commissions for transactions that are defined as Arbitrage trades.
Positions that are deemed abusive and taking advantages of the swap-free facility will be forced to close the floating positions immediately as these fees are paid by Finowiz Fintech Limited and not by the clients. Hedging for gaining profits from swaps on another account is forbidden.
Finowiz Fintech Limited reserves the right to cancel orders or void transactions for abusive actions on Swap Free Accounts. Introducing Brokers and CPA Affiliates WILL NOT receive any Fees and/or commissions for transactions that are defined as abusive under Swap Free Accounts.
If any trade is not processed to the liquidity provider (LP) due to technical faults, such as issues with bridging or other system failures, the profits from such trades will not be honored.
If the liquidity provider (LP) determines that a trade is not genuine or valid, the profits and any associated Introducing Broker (IB) commissions from that trade will not be honored.
If an account has not been trading for three consecutive months, it will be classified as inactive. For inactive accounts, Finowiz Fintech Limited may charge a monthly maintenance fee of US$50 each month.
Finowiz Fintech Limited reserves the right to freeze accounts that are deemed abusive or involved in fraudulent activities. In such cases, no Profit or IB Commission withdrawals be honored.
These policies are to restrict clients from submitting multiple orders to exceed our maximum order size restrictions within a short timeframe. This is disruptive to the pricing we receive from liquidity providers and will affect the stability of the platform. These policies are also made to limit the potential of market abuse as well as abusing promotions and programs for commissions and incentives. There policies also ensure clarity and fairness in the processing of trades and the recognition of profits. By engaging in trading activities, clients acknowledge and agree to these terms.