1. General Trading Conditions
Eligibility: Trading accounts are available to individuals who are at least 18 years of age and comply with our Know Your Customer (KYC) process.
Market Hours: Trading hours are subject to the opening hours of the relevant financial markets and may vary for different instruments.
Instrument Offerings: We offer a variety of trading instruments, including but not limited to currencies, commodities, indices, and stocks. Availability may vary based on market conditions and regulatory constraints.
2. Order Execution
Types of Orders: Traders can place several types of orders, including market orders, limit orders, stop orders, and trailing stop orders.
Execution Policy: Orders are executed at the best available price, subject to market conditions and liquidity. Slippage can occur during volatile periods.
Order Modification: Clients may modify or cancel pending orders before they are executed. Once an order is executed, it cannot be reversed.
3. Margin and Leverage
Margin Requirements: Traders must maintain the minimum margin requirements as specified for each instrument.
Leverage Policy: Leverage varies by account type and market conditions. Higher leverage increases potential returns but also increases potential risk.
Margin Calls: Traders will receive a margin call if account equity falls below the required margin level. It is the trader's responsibility to monitor their account balance and maintain adequate margin.
4. Risk Management
Stop Loss Orders: Clients are encouraged to use stop loss orders to limit potential losses.
Risk Limits: Trading limits may be imposed based on factors such as trading history, account size, and market conditions.
5. Trading Restrictions
Market Manipulation: Any form of market manipulation, including price manipulation and the dissemination of false or misleading market information, is strictly prohibited.
Hedging: Hedging strategies are allowed but must be conducted within the guidelines established by Dollars Markets.
Scalping: Scalping is allowed under certain conditions but must adhere to minimum time exposure limits as defined by the brokerage.
6. Fees and Costs
Spreads and Commissions: Details of spreads, commissions, and other trading fees are available on our website.
Overnight Fees: Overnight fees, or swap rates, are charged for positions held open overnight, varying by instrument and market conditions.
7. Account Review and Suspension
Regular Reviews: Accounts are subject to periodic review to ensure compliance with regulatory and internal risk management requirements.
Account Suspension: An account may be suspended or closed if it violates trading rules, regulatory requirements, or if fraudulent activity is suspected.
8. Amendments
Changes to Rules: Dollars Markets reserves the right to amend the trading rules at any time. Clients will be notified of significant changes through our website or via email.
9. Dispute Resolution
Complaints and Disputes: Clients should direct any complaints or disputes to our customer service department. Disputes not resolved at the customer service level may be escalated to an independent mediator or arbitrator as agreed upon.
10. Governing Law
These trading rules are governed by the laws of the jurisdiction in which Dollars Markets is registered.
