FXGT: Prohibitions and penalties for overseas FX accounts Is scalping NG? Thorough explanation of advantages and disadvantages

FXGT

This article explains the advantages and disadvantages of account freezing, terms of use, and prohibitions such as scalping transactions with FXGT accounts. Every FX company has rules. If you violate the rules, your profits may be confiscated or even your account may be frozen, so please avoid doing so.

Terms and conditions are the same for all account types

There are various accounts such as mini, crypto max, standard, PRO, and ECN, but all have the same terms of use. Please also check the FAQ and Terms of Use. You can also receive luxurious bonuses. These conditions are not much different from other companies (XM, threetrader, axiory, bigboss, etc.).

What are the actual prohibitions?

GT Group has established penalties. Of course, if you don’t trade while following the rules, you won’t be able to use it. What are the specific penalties? The details of the penalties are summarized below. There are fewer regulations than other companies, but the risk of loss is higher as your balance decreases. Maximum leverage and zero cuts will occur, so make good use of your funds.

scalping trade

Some FX companies prohibit scalping trades, but the GT Group does not. Traders can rest assured that the company is officially allowed to conduct scalping trades. The GT Group allows not only manual scalping trades, but also scalping trades in automated trading.

Opening multiple accounts for the same person

The GT Group prohibits the same person from opening multiple accounts. This is because you can open multiple accounts and receive the bonus on each account. The management side declares that if the management grasps multiple accounts, it will impose a fairly severe disposition such as withdrawal refusal and account freezing.

Login to multiple accounts from the same IP address

The administration prohibits the same person from opening multiple accounts, but they also track IPs at the same time. Access from the same IP may be considered multiple account operation by the same person. Please note that there is a possibility that you will be given a fairly severe disposition such as withdrawal refusal or account freeze due to this.

credit card, debit card verification

It is limited to users who have selected a credit card or debit card as a deposit method, but when using these cards, the system is designed to first authenticate the card. In the worst case, the account may be frozen if the credit card is not authenticated.

Hedging between multiple accounts

Hedging currency pairs between multiple accounts is prohibited. Hedging means holding a sell and a buy position in the same currency pair at the same time. Both buildings are OK, but in this case both buildings are prohibited.

Both houses at multiple FX companies

This is another pattern where both houses are NG. Hedging with opposite positions in the same currency pair in another Forex company’s account is prohibited. Since the FX company is different, it is difficult to discover, but if it is found, the account may be frozen.

Trades that load the server

If you keep repeating an abnormally large number of trades in a short period of time, it will put a fairly heavy load on the server. Transactions that exploit system malfunctions in this way are also prohibited. When the market changes suddenly, connection delays and rate errors may occur due to the concentration of access, but it is also prohibited to trade only at this timing.

Arbitrage

No arbitrage trading is permitted. Arbitrage is a trade that takes advantage of the price difference between two traders to make a profit. Arbitrage is theoretically 100% win rate, but most Forex companies are cracking down on it.

automated trading

Automated trading is allowed. By incorporating EA into MT5, you can trade automatically, and depending on how you use it, you can make a profit. However, automatic trading is not a recommended trade because more than 90% of people are fully bankrupt.

Trade aiming at window opening / window filling

We do not prohibit transactions aimed at opening or filling windows. A “window” is the gap between the high and low prices of the candlestick, a phenomenon that occurs at the beginning of the week. When the window opens, there is a movement to fill the window, so it becomes a market that is easy to win. However, the management does not prohibit such trades that aim to open or fill windows.

What are the penalties for prohibited items?

Information on penalties for malicious prohibited items announced on the official website is as follows. Please be careful as there is a big risk of violating the rules. If a problem such as an error occurs when ordering prices from the tool, the following cases may occur. Be sure to conduct standard transactions. Strange behavior will strangle you. Depending on the purpose or reason, the frozen state may not be lifted.

Withdrawal refused

If a user violates the rules, withdrawals may be automatically denied as a penalty. This may make it pointless for users to trade with a trading account. Users can usually place orders during price movements if they have credit, but cannot withdraw money.

Account frozen

The trading account may be frozen. In this case, the user is doing something illegal and will no longer be able to trade using the assets in the account. We have also obtained a license from the Financial Services Agency, so it is strictly managed. Be careful if you cannot log in and a warning appears.

Freeze account

Your account may be frozen. If your account is frozen, you will not be able to open a trading account, so you will not be able to do anything. If you violate the terms of service, you will be punished at the discretion of our staff. This is exactly the case where you cannot make a contract or receive a bonus. Due to restrictions, no matter how many times I try, I can’t log in and can’t see my history.

What to do if you receive a penalty

If you are subject to a penalty and are punished, your only option is to contact the support center and negotiate for it to be lifted. Of course, there is no guarantee that negotiations will be successful. In the worst case scenario, you will have to use another broker.

コメント

Copied title and URL