At FXON, in order to ensure a safe and fair trading environment for our customers, we have a set of rules that outline prohibited conducts. Any act or transaction that may cause harm to other customers is strictly forbidden, as well as unfair transactions or trades that involve excessive risk.

If you engage in any of the following, we may cancel your transaction, limit your transaction, or freeze your account on our behalf.

Account/Portal

Trading

Others

Penalty

You may only open accounts at FXON under your name. If you attempt to do otherwise, your account will be frozen and terminated.

In order to prevent fraud and money laundering, you may not use someone else’s name to open an account at FXON. You may not use other people’s IDs or provide false information to open an account either. It is prohibited for people other than the registered user himself/herself to use services provided by FXON.

In order to prevent fraud, you may not create/use multiple portal accounts. An ID and password for the client portal must be registered for each user. However, you may open multiple trading accounts under the same account.

At FXON, sharing a trading account or a portal account with others is strictly forbidden. You may not share an account with anyone, including family members. Only you may use the client portal. If you have a corporate account, all users must be registered beforehand.

In order to provide the best trading environment for our customers, FXON forbids the following transactions.

In order to prevent fraudulent use of the zero-cut system, you may not use hedging at FXON using multiple brokers or accounts. Hedging refers to holding both long and short positions on the same currency pair or currency pairs that have a strong correlation. You may not hedge across multiple FXON accounts or other accounts from different brokers. However, you may use hedging under the same account.

Arbitrage trading, a method that utilizes rate discrepancies, delays, or swap differentials between different equities or brokers, is strictly forbidden at FXON. Arbitrage trading includes checking the latest price on one broker and trading on another that has a latency, or profiting off of swap points on the same currency pair between different brokers.

In order to provide a smooth trading experience for our customers, transactions that place a heavy burden on the system are forbidden at FXON. High frequency trading (HFT) and High speed trading (HST) systems such as EA which places a heavy load on the trading system is strictly forbidden.

Trading the same currency pair on multiple accounts may be deemed as market manipulation. Such acts are strictly forbidden at FXON. We strictly prohibit any trading intended to manipulate prices so that all customers can trade under fair conditions.

Liquidity tends to be low due to low trading volume during the time when markets are closed or holiday seasons such as Christmas or New Year's. When liquidity is low, rates may change drastically and your orders may not be filled at your desired price. Since these factors increase the risk dramatically for traders, repetitive trading during low liquidity time periods such as these is forbidden.

Solely focusing on gap fill trading strategies is forbidden. Gap fill trading is a technique that focuses on gaps between candlesticks after a weekend or a holiday. High leverage trading using gap fill trading is a high-risk high-return strategy. To prevent users from taking on excessive risk and fraudulent use of the zero cut system, these trading methods are strictly forbidden.

Trading solely based on the economic calendar is forbidden. Before and after major economic events, prices may fluctuate rapidly. High leverage trading based on major economic events is a high-risk high return strategy. To prevent users from taking on excessive risk and fraudulent use of the zero cut system, these trading methods are strictly forbidden.

At FXON, you may not spread false information to the other customers for any reason. Only share information with others when you have strong evidence to back up your claims.

Spreading false information negatively affects other customers, as well as our trading platform as a whole. Such acts will be dealt with in a serious manner according to our terms and regulations.

If a customer breaks any of the rules above, their account and assets may be frozen. They may also be charged a penalty fee.

If a user is caught in any of the acts mentioned in this article, their account and assets may be frozen. We will then conduct a thorough review and determine if the user may continue trading on our platform. If the violation is malicious, we may confiscate the funds in the user’s account at our discretion.

FXON provides a flexible trading environment to capture our customers’ versatile needs. You may use various trading strategies such as auto-transactions using EA or scalping.

At FXON, you may use auto-transaction systems by EA (Expert Advisor). High frequency trading (HFT) and High speed trading (HST) are forbidden, but EA itself is not. As long as it doesn’t place a strong burden on the system, you may use EA.

However, if you use EA on multiple accounts, you may place hedging orders without realizing it, so please be careful.

Hedging across multiple accounts or brokers is forbidden, but you may do so under the same account. Hedging can be a great way to hedge risks.

Furthermore, before major events when prices are likely to fluctuate, you may place hedging orders to minimize your losses in case the price moves against you.

Scalping is not forbidden on FXON. You may trade on short timeframes that last a few seconds to a few minutes if you use methods that do not place an excessive burden on the trading system, such as high-frequency trading or high-speed trading using EA.

However, if you have multiple accounts or brokers, please be careful not to place hedging orders.