Restrictions

FXON has laid down rules and conditions in order to ensure fair trading conditions. If an action falls under one of the following conditions, revocation of the applicable transaction, certain transaction restrictions, refunds, freezing of the trading account and Client Manager, forced termination or other actions may be implemented at our discretion.

FXON is working to improve trade quality and infrastructure to provide the best trading conditions. In order to achieve this, actions that may cause inconvenience to other customers are prohibited, as stated herein.

Prohibitions concerning the use of trading accounts

FXON prohibits applications, account opening and use by anyone other than the person conducting the transactions under any circumstances. Please note that the following types of accounts are forbidden.

Using accounts under
other people's name is forbidden

Third party, false, fictitious account names

Applying for a trading account under a different person's name and/or the act of using an another person's account are forbidden.

If these actions are found, the account will be frozen, and if deemed to be malicious, the account may be terminated, all withdrawals forbidden and the funds in the account subject to confiscation at our discretion.

Account sharing forbidden

Sharing accounts under the same name
(family / within group / corporate)

The act of sharing and using one or more accounts within a family or group of people, or for corporate accounts, any use of the account other than user registered to use the account is forbidden.

If such actions are found, a warning will be provided to the account holder. If the action is not corrected, the account will be frozen.

Restricted transactions

Please note that the following actions are restricted at FXON in order to ensure all customers equal fair trading conditions.

Restriction on utilizing
zero cut system for profit

Arbitrage between different accounts and vendors

To pursue profits by purchasing the same instrument or highly correlated instruments between different accounts (long-short pair trading between different accounts)(*), during times of large market fluctuations (such as important index announcements / end of one trading day to the beginning of the next trading day). This is strictly restricted as an act of deliberately generating a zero cut, whether between other accounts and between other companies.

If these actions are found, the account will be frozen, and if deemed to be malicious, the account may be terminated, all withdrawals forbidden and the funds in the account subject to confiscation at our discretion.

Restriction on transactions that
exploit system deficiencies

Arbitrage, connection delay, rate error

Transactions that aim to profit through the temporary price distortions and price notification delays, exploiting the deficiencies of internet services are classified as arbitrage, and are forbidden.

If these actions are found, the account will be frozen, and if deemed to be malicious, the account may be terminated, all withdrawals forbidden and the funds in the account subject to confiscation at our discretion.

Transactions that intentionally
manipulate the market price

Simultaneous Mass Ordering

The act of trading large quantities of the same instrument from multiple accounts at the same time. This may be considered market manipulation.

If these actions are found, the account will be frozen, and if deemed to be malicious, the account may be terminated, all withdrawals forbidden and the funds in the account subject to confiscation at our discretion.

Transactions that put a heavy load
on the system

Use of ultra high frequency trading and ultra high speed trading

The use of automatic trading software (EA) to place unnecessary burden on the system and communication lines, placing large number of small quantity orders and cancelling a large number of orders (HST/HFT), transactions that repeat selling and buying during times of low liquidity, etc. are restricted as they may have adverse effects on other customers.

If such actions are found, a warning will be provided to the account holder. If the action is not corrected, the account will be frozen.

Long-short pair transactions within the same account are not prohibited. However, in long-short pair transactions, swap points may cause a reverse trade-off, the cost of spreads may be doubled, or transaction fees may be doubled depending on the settlement method. Such transactions lack economic rationale and is not recommended by FXON.

Other restricted items

FXON reserves the right to restrict any actions that may affect other customers' transactions or induce investment. For example, propagation of false information or reputations in order to induce investment will not only inconvenience other customers, but also adversely affect our operations. Such actions will be handled strictly in accordance with the CLIENT AGREEMENT.

About trading bonuses

To allow new customers to experience our services, trading systems and fuctions in the actual trading environment, we may provide a "trading bonus".

Depending on the promotion contents and/or the Business Partner, conditions such as trading restrictions and withdrawal restrictions may apply to the "trading bonus". Please refer to the applicable promotion rules for details of the "trading bonus".