By email: (Finotive)
Dear Trader,
We have recently updated our Responsible Trading Policy to make it clearer and more refined. Specifically we have re-worked Clauses related to gambling and high-risk trading. Please find below our new wording designed help you understand what we expect of our traders from a risk-perspective.
5.5. To protect our capital and help our traders succeed we must monitor every account for signs of gambling or reckless trading. This could be in the form of but not limited to:
Dear Trader,
We have recently updated our Responsible Trading Policy to make it clearer and more refined. Specifically we have re-worked Clauses related to gambling and high-risk trading. Please find below our new wording designed help you understand what we expect of our traders from a risk-perspective.
5.5. To protect our capital and help our traders succeed we must monitor every account for signs of gambling or reckless trading. This could be in the form of but not limited to:
- Risking 100% or more of your drawdown limits in open trades.
For example, open trades totalling 5% risk if the traders max daily loss is 5%. - Risking 50% or more of your drawdown limits in a single trade or across
multiple trades on the same instrument.
For example, risking 2.5% on a single position if the traders max daily loss is 5%. - Trading with no stop loss.
Whilst the odd trade with no stop loss is okay, repeated lack of stop loss use and high unprotected trade volume is a massive concern. The reason behind this is that no-one can predict the timing of network or hardware issues, so it is much more beneficial for both parties if the trader aims to use a stop loss at all times.
Best Regards,
The Finotive Team
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