At all levels of the WeMasterTrade program, there are some behaviors that traders are prohibited from doing and others that traders need to notify WeMasterTrade about. This is to maintain the integrity of our program as well as the integrity of the Virtual demo environment.
WHY DOES WEMASTERTRADE HAVE PROHIBITED CONDUCT?
Prohibited Conduct exists to deter gambling behaviors, prevent circumvention of the rules, and get unrealistic fills on their orders. The Trading Combine® emulates live-market trading, and we would not be doing the right thing for traders if we allowed them to pass in a manner that would not be successful in a live market.
There are two main categories of Prohibited Conduct; behaviors that traders are prohibited from doing or behaviors that traders need to notify WeMasterTrade about.
WHY DOES WEMASTERTRADE HAVE PROHIBITED CONDUCT?
Prohibited Conduct exists to deter gambling behaviors, prevent circumvention of the rules, and get unrealistic fills on their orders. The Trading Combine® emulates live-market trading, and we would not be doing the right thing for traders if we allowed them to pass in a manner that would not be successful in a live market.
There are two main categories of Prohibited Conduct; behaviors that traders are prohibited from doing or behaviors that traders need to notify WeMasterTrade about.
Potential actions taken in response to a violation of our Prohibited Conduct include:
A simple warning
Deletion of the impacted trading day
A reset of your account
The permanent closure of your account
Prohibited Conduct violations will NOT result in a fee to reset your account. Ultimately, the action WeMasterTrade takes will depend on the infraction’s severity and your prior history (or lack thereof).
WHAT DOES WEMASTERTRADE CONSIDER PROHIBITED CONDUCT?
The term of this Agreement will begin when you purchase a Service offered via the Company and will continue until either the Company terminates your access to the Services, or you stop using the Services.
The Company reserves the right to terminate the Services or your access to the Company website in its sole and absolute discretion and without prior notice.
You are expressly prohibited from using the Services to violate any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national, or international, or to violate the rights of a third party, including, but not limited to intellectual property rights, privacy rights, rights of publicity, or other personal or proprietary rights.
Additionally, you are expressly prohibited from scraping, crawling, framing, posting unauthorized links to, aggregating, hacking, performing denial of service (DOS) attacks on, reverse engineering, or circumventing technological protection measures of the Services or the Company website.
You are also prohibited from using the Services or the Company website to transmit unsolicited commercial emails to third parties or Traders of the Company. While The Company is not responsible for any such content posted by its Traders and does not have the affirmative obligations to monitor such content, it does reserve the right to remove them.
You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the broker(s) (“Broker”) it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
3.1. Acts of Dishonesty and Unauthorized Activities:
Any act of dishonesty.
Unauthorized removal of property from WeCopyTrade’s premises.
Disclosure of confidential information to third parties.
Using reputationally damaging language regarding WeCopyTrade, internally or externally, without a valid basis.
Unauthorized circumvention of geographical or technical restrictions.
Performing trades in conflict with the terms and conditions of WeMasterTrade, the User Section, and the Trading Combine®.
3.2. Prohibited Trading Strategies:
Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker.
Utilizing non-public and/or insider information.
Engaging in front-running of trades placed elsewhere.
Utilizing any third-party strategy, off-the-shelf strategy, or one marketed to pass WeMasterTrade accounts.
Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by the Company and WeCopy Fintech Inc.
Using any strategy intended to exploit or create errors in the Services, such as errors in the display of prices or delays in updates.
Using disruptive practices, including but not limited to spoofing strategies.
Engaging in short-term or high-frequency trades, or simultaneously entering into opposite positions, with the intention of manipulating or abusing the system.
Performing trades using an external or slow Data feed.
Trading excessive or unrealistic numbers of contracts in a day.
Performing trades at any time outside the best bid or offer.
Using any software, artificial intelligence, ultra-high speed, or mass Data entry that manipulates, abuses, or gives an unfair advantage while using the Site or Services.
Hedging between two or more WeMasterTrade accounts or with any third-party company.
Engaging in any activities meant to pool or hedge the risk of aggregate, unconnected accounts.
Using any instruments that may adversely affect the operation of the Site and Services or misuse any errors, bugs, or deficiencies.
Using multiple accounts to apply strategies such as price transfer manipulation and cycling risk between accounts to artificially maintain profit and risk consistency.
3.3. Behavioral and Conduct Violations:
Being under the influence of excessive amounts of alcohol and/or drugs while on the online trading floor.
Inappropriate behavior, including the use of offensive or discriminatory language towards other traders or staff.
Assault or physical violence towards other traders or staff.
Gross negligence.
Serious abuse of WeCopyTrade telephone or computer systems.
3.4. Trading During Specific Market Conditions:
Holding a Single Share Equity CFD position into an earnings release; such positions must be closed by 3:50 pm Eastern Time on the day of the release (for aftermarket releases) or on a preceding day (for before-market open releases). Violation will result in an immediate, hard breach of your account.
Entering into an Equity CFD at or near the end of the trading day with the intent of profiting from the market gap between the market close and reopen.
3.5. Arbitrage, Copying, and Capital Manipulation:
Attempting to arbitrage an WeMasterTrade account with another account with the Company or any third-party company.
Engaging in any illegal, malicious, manipulative, or toxic trading activities, including latency, one leg, two legs, pairs, or any other type of arbitrage.
It is strictly prohibited to hedge between two or more WeMasterTrade accounts or hedge with any third-party company.
Users are prohibited from copying multiple accounts or engaging in other manipulative practices to inflate total trading capital beyond $400,000. Any attempt to manipulate capital size through copying to exceed this maximum threshold will be considered fraudulent behavior
Consequences of Violating Rules:
Violation of these rules may result in denial of withdrawal requests.
Termination of participation in the program.
Forfeiture of any fees paid to the Company.
Review of trading activities before granting a funded account; any detected prohibited trading will result in disqualification from receiving the funded account.
By adhering to these guidelines, you ensure compliance with the company’s terms and conditions and avoid potential penalties or disqualification from the program.
If you violate these rules, your withdrawal request may be denied. If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
Products may be traded during normal electronic trading hours unless otherwise indicated. The Daily Loss Limit is an objective for your account and, if broken, does not count as a rule violation. If the Net P&L should hit or exceed the Daily Loss Limit during the trading day – access to this link to learn more about trading hours and symbols, the account will hit a soft breach and will be auto-liquidated for the remainder of the then-current trading session. This means any open trading positions will be flattened, any pending orders will be canceled, and your account will be prevented from placing any new trades until your buy a new package.