PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands and agrees that he/she will not enter into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN whether through the usage of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. BMFN defines scalping as any transaction which remains open for a period of less than three minutes in duration. Client understands BMFN is authorized to retroactively cancel transactions found, in BMFN’s sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. BMFN is then authorized to reclaim any trading profits Client obtains through the entering of transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ pricing offered by BMFN. Client acknowledges and understands that BMFN does not guarantee the execution of orders at specific prices , including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value. Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, BMFN encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that BMFN is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
Appears in 4 contracts
Samples: BMFN Corporate Agreement, Corporate Client Agreement, Individual Client Agreement
PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands and agrees that he/she will not enter into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN whether through the usage of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. BMFN defines scalping as any transaction which remains open for a period of less than three minutes in duration. Client understands BMFN is authorized to retroactively cancel transactions found, in BMFN’s sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. BMFN is then authorized to reclaim any trading profits Client obtains through the entering of transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ rates/pricing offered by BMFN. Client acknowledges and understands that BMFN does not guarantee the execution of orders at specific prices , including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-off- market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value. Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, BMFN encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that BMFN is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
Appears in 2 contracts
Samples: Joint Account Client Agreement, Joint Account Client Agreement
PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands and agrees that he/she will not enter into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN whether through the usage of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. BMFN defines scalping as any transaction which remains open for a period of less than three minutes in duration. Client understands BMFN is authorized to retroactively cancel transactions found, in BMFN’s sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. BMFN is then authorized to reclaim any trading profits Client obtains through the entering of transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ rates/pricing offered by BMFN. Client acknowledges and understands that BMFN does not guarantee the execution of orders at specific prices , including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value. Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, BMFN encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that BMFN is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
Appears in 2 contracts
PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands A customer acknowledges, accept, and agrees agree that he/she using any scripts, codes, electronic advisors, or other computer programs or manual trading will not enter into transactions be used for the purposes of scalping, arbitrage arbitrage, or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious errors or unobvious, in inaccuracies at any rate or pricing offered by BMFN FXTradium whether through they are minor or major in nature and whether they are obvious to the usage of scriptsnaked eye. Scalping, codesaccording to FXTradium, electronic advisors, software or is any other form of computer program or manual trading. BMFN defines scalping as any transaction which remains trade that is open for a period of less than three minutes in durationminutes. Client understands BMFN is authorized FXTradium retains the right to retroactively cancel terminate transactions foundthat it determines, in BMFN’s its sole discretionjudgment, were engaged into with the intent to be transactions entered into in order to exploit abuse or manipulate pricing in the manner described in this section for its own benefit. Any trading gains obtained by means as set forth within this Section. BMFN is then authorized to reclaim any trading profits the Client obtains through via the entering entry of transactions for the purposes of scalping, arbitrage arbitrage, or intentional the purposeful exploitation of inaccuracies of rates/ mistakes in rates/pricing offered given by BMFNFXTradium are permitted to be reclaimed by FXTradium. Client acknowledges and understands that BMFN does not guarantee the execution of orders at specific prices Orders with conditions such as stops and/or limits, including market news releases, will not be guaranteed to be executed at precise prices by FXTradium because of gapping markets, greyed-out pricing, and market liquidity. This includes conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN FXTradium shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client . The client understands that orders received during instances times of increased market volatility will be filled at the next best price available or the fair market value, whichever is greater if they receive off-market prices for any reason, including but not limited to delays, malfunctions, or manual trading errors. Client acknowledges that during instances of gapping markets, conditional Conditions orders, specifically such as stop losses, will be filled completed at the next available price following after a gapping market, according to the client's understanding. Pricing can gap past Customers may lose more money than they bargained for if the price set forth pricing exceeds the amount stipulated in conditional orders. As a result of these concerns, resulting FXTradium advises customers to use market Forex trading has a high degree of risk and may not be appropriate for all traders. Trading and investing in clients losing more funds than initially intendedthese products, especially those using Leverage, is speculative and carries a significant degree of risk to your financial assets. Client acknowledges You should ensure that due you understand all of the risks associated with a Transaction before proceeding. You should also obtain independent counsel before proceeding. Accordingly, the Company is not obligated to determine the acceptability of these items in light of your specific circumstances. To be clear, trading in leveraged products such risksas foreign exchange and contract for difference (CFD) is high-risk, BMFN encourages clients to utilize market and losses may much surpass the amount of money invested, including any cash, kept on deposit as margin. orders rather than conditional orders, as market orders are provided with a requote include requotes and allow Clients provide them the option to accept or reject the new price, as appropriate. Client agrees that BMFN is FXTradium will not responsible be held liable for any loseslosses, including margin calls, which occur as a result of resulting from conditional orders being filled during a gapping market or from orders being filled at certain specific prices as a result of greyed due to greyed-out pricing and/or limitations limits in market liquidity.
Appears in 1 contract
Samples: Client Agreement
PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands and agrees that he/she will not enter into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN Paramount whether through the usage of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. BMFN Paramount defines scalping as any transaction which remains open for a period of less than three minutes in duration. Client understands BMFN Paramount is authorized to retroactively cancel transactions found, in BMFN’s sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. BMFN Paramount is then authorized to reclaim any trading profits Client obtains through the entering of transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ rates/pricing offered by BMFNParamount. Client acknowledges and understands that BMFN Paramount does not guarantee the execution of orders at specific prices , including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN Paramount shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value. Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, BMFN Paramount encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that BMFN Paramount is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
Appears in 1 contract
Samples: Individual Client Agreement
PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands and agrees that he/she will not enter into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN whether through the usage of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. BMFN defines scalping as any transaction which remains open for a period of less than three minutes in duration. Client understands BMFN is authorized to retroactively cancel transactions found, in BMFN’s 's sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. BMFN is then authorized to reclaim any trading profits Client obtains through the entering of transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ pricing offered by BMFN. Client acknowledges and understands that BMFN does not guarantee the execution of orders at specific prices , including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value. Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, BMFN encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that BMFN is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
Appears in 1 contract
Samples: Individual Client Agreement
PRICING, SCALPING, ORDERS AND GAPPING MARKETS. Client understands and agrees that he/she will not enter into transactions for purposes of scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by BMFN Paramount whether through the usage of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. BMFN Paramount defines scalping as any transaction which remains open for a period of less than three minutes in duration. Client understands BMFN Paramount is authorized to retroactively cancel transactions found, in BMFN’s Paramount sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. BMFN Paramount is then authorized to reclaim any trading profits Client obtains through the entering of transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ pricing offered by BMFNParamount. Client acknowledges and understands that BMFN Paramount does not guarantee the execution of orders at specific prices , including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, BMFN Paramount shall retroactively cancel such trades and may elect to leave such trades canceled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value. Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, BMFN Paramount encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that BMFN Paramount is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
Appears in 1 contract