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?
Using any trading strategy intended to exploit or create errors in the Services such as errors in the display of prices or delays in their updates;
Using any trading strategy that includes disruptive practices, including but not limited to spoofing strategies;
Trading excessive or unrealistic number of contracts in the day;
Performing trades any time outside the best bid or offer;
Performing trades using an external or slow Data feed;
Engaging in short-term or high-frequency trades, or simultaneously entering into opposite positions, with the intention of manipulating or abusing the system to gain an unfair advantage, either individually or in collaboration with others, including between connected accounts or those held with different WeMasterTrade entities, is prohibited. While we allow the use of high-frequency trading (HFT), it should not be exploited for unfair practices or advantages;
Performing trades in conflict with the terms and conditions of WeMasterTrade of the User Section and the terms and conditions of the Trading Combine®;
Using any software, artificial intelligence, ultra-high speed, or mass Data entry that might manipulate, abuse, or give the User an unfair advantage while using the Site or Services;
Otherwise performing trades in contradiction with how trading is actually performed in the applicable futures markets, or in a way that establishes justified concerns that WeMasterTrade might suffer financial or other harm as a result of User’s activities;
In concert with others, including between unconnected accounts and third parties, performing the same trading strategy (i.e., performing the same trades in the same time increments), opposite strategy, or other activity means to pool or hedge risk of the aggregate, unconnected accounts;
Using any instruments that may adversely affect the operation of the Site and Services or that would be intended to misuse any errors, bugs, or other deficiencies of the Sites and Services;
Circumventing geographical restrictions of availability or any other technical restrictions;
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.