PROHIBITED TRADING Sample Clauses

PROHIBITED TRADING. 10.1. The Client agrees and acknowledges that the service provided by the Company to the Client hereunder is not adapted for certain trading techniques commonly known as "arbitrage trading", "picking/sniping" (Snipping: the situation where the Client is prematurely buying or selling near preset prices). In the event of the Client employing such techniques, the Client agrees and acknowledges that the Company may at the Company’s sole discretion take one or more, or any portion of, the following actions: (i) Close the Client's account; (ii) Suspend the Client's account for an indefinite period of time; (iii) Carry out an investigation on the Client's account for an indefinite period of time; (iv) Charge a penalty fee to the Client in the same or greater amount of money that resulted from the Client using such techniques. The Client shall not unlawfully access or attempt to gain access, reverse engineer or otherwise circumvent any security measures that the Company has applied to the Platform. It is absolutely prohibited to take any of the following actions: (a) use any software, which applies artificial intelligence analysis to the Company’s system and Trading Platform; (b) intercept or monitor, damage or modify any communication which is not intended for him; (c) use any type of spider, virus, worm, trojan-horse, time bomb or any other codes or instructions that are designed to distort, delete, damage or disassemble the Trading Platform or the communication system or any system of the Company; (d) send any unsolicited commercial communication not permitted by Applicable Law.

PROHIBITED TRADING. 21.1. Generally speaking, the Company allows all types of trading methods and styles. The Company does reserve the right, however, to close, suspend or recoup any closed profit and loss from an Account it deems is engaging in unethical or questionable trading styles including, but not limited to, latency arbitrage, market manipulation, collusion, the act of “flooding” of our servers with an excessive number of pending orders, excessive logins, “picking” and “sniping”, over-leveraging or the use of certain automated trading systems or Expert Advisors, without notice. 21.2. The Company will usually (but is not obligated to always) attempt to initially express its concern to the Client or the associated parties via email or telephone in the form of a formal warning. If the Client or the associated party does not modify its trading style within a rea- sonable time period following the warning, the Company reserves the right to liquidate all or some open positions, close, suspend or recoup any closed profit or loss from the Client’s Account, and return any remaining proceeds to the Client in accordance with the Company’s Account Closing Procedures or any combination thereof. 21.3. The Company reserves the right to liquidate all or some open positions, close, suspend or recoup any closed profit or loss from Accounts who tend to trade during news or other volatile market conditions, and return any remaining proceeds to the Client in accordance with the Company’s Account Closing Procedures or any combination thereof. Any transaction costs relating to the refund of the Account balance of Clients engaging in prohibited trading will be fully transferred to the Client. 21.4. The company reserves the right to restrict access to certain markets without giving prior notice to the client. In such cases, clients will not be able to open new positions on the restricted instrument, and clients with existing open positions can close only.

PROHIBITED TRADING. No employee and/or former employee who currently works or used to work on a full time or part time basis for the Company or any of its related entities shall, during the term of the employee and/or former employee’s service to the Company or any of its related entities and after termination of service become a client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the employee and/or former employee is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the employee and/or former employee’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated. No business associate or former business associate of the Company or any of its related entities shall, during the period of the agreement between the associate/former business associate and the Company and after termination of such agreement, become a client of any brand of the Company (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without the Company’s prior written approval. Should the Company consider that the associate/former business associate is trading with any brand of the Company without the Company’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the relevant associate/former business associate’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated.

PROHIBITED TRADING. 20.1. Generally speaking, the Company allows all types of trading methods and styles. The Company does reserve the right, however, to close, suspend or recoup any closed profit and loss from an Account it deems is engaging in unethical or questionable trading styles including, but not limited to, latency arbitrage, the act of “flooding” of our servers with an excessive amount of pending orders, excessive logins, “picking” and “sniping”, over leveraging or the use of certain automated trading systems or Expert Advisors, without notice. 20.2. The Company will usually (but is not obligated to always) attempt to initially express its concern to the Client or the associated parties via email or telephone in the form of a formal warning. If the Client or the associated party does not modify its trading style within a reasonable time period following the warning, the Company reserves the right to liquidate all or some open positions, close, suspend or recoup any closed profit or loss from the Client’s Account, and return any remaining proceeds to the Client in accordance with the Company’s Account Closing Procedures or any combination thereof. 20.3. The Company reserves the right to liquidate all or some open positions, close, suspend or recoup any closed profit or loss from Accounts who tend to trade during news or other volatile market conditions, and return any remaining proceeds to the Client in accordance with the Company’s Account Closing Procedures or any combination thereof. Any transaction costs relating to the refund of the Account balance of Clients engaging in prohibited trading will be fully transferred to the Client.

PROHIBITED TRADING. 27.1. The Client is not allowed to enter into any form of prohibited trading i.e. certain trading techniques commonly known as "arbitrage trading", "picking/ sniping" or the use of certain automated trading systems or “Expert Advisors”; and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying instrument has been suspended or restricted on a particular market, between same or different trading accounts. The Client agrees and acknowledges that if the Company considers that the Client has been acting in any of the manners described above; the Company may at its sole discretion and without prior notice to the Client, take one or more, or any portion of, the following actions: (a) close the Client's account; (b) suspend the Client's account for an indefinite period of time; (c) carry out an investigation on the Client's account for an indefinite period of time; (d) charge a penalty fee to the Client in the same or greater amount of money that resulted from the Client using such techniques; or (e) close the account, confiscate any profits that arose from prohibited trading techniques and return the original deposit(s) to the account holder. If profits arising out of Prohibited Trading were already withdrawn, profits can be confiscated from the Client’s related accounts in order to make up for the difference.

PROHIBITED TRADING. 9.14.1. No employee and/or former employee who currently works or used to work on a full time or part time basis for Sikhula Venture Capital (PTY) Ltd. or any of its related entities shall, during the term of the employee and/or former employee’s service to Sikhula Venture Capital (PTY) Ltd or any of its related entities and after termination of service become a client of any brand of Sikhula Venture Capital (PTY) Ltd (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without Sikhula Venture Capital’s (PTY) Ltd prior written approval. Should Sikhula Venture Capital (PTY) Ltd consider that the employee and/or former employee is trading with any brand of Sikhula Venture Capital (PTY) Ltd without the Sikhula Venture Capital’s (PTY) Ltd prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the employee and/or former employee’s trading account(s) and all open positions shall be closed immediately and any funds held within the account may be withheld or confiscated. 9.14.2. No business associate or former business associate of Sikhula Venture Capital (PTY) Ltd or any of its related entities shall, during the period of the agreement between the associate/former business associate and Sikhula Venture Capital (PTY) Ltd and after termination of such agreement, become a client of any brand of Sikhula Venture Capital (PTY) Ltd (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without AAAFx's prior written approval. Should Sikhula Venture Capital (PTY) Ltd consider that the associate/former business associate is trading with any brand of Sikhula Venture Capital (PTY) Ltd without Sikhula Venture Capital’s (PTY) Ltd prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the relevant associate/former business associate’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated.

PROHIBITED TRADING. 11.1. If the Company suspects or has reasons to believe that an Existing Client is involved in any form of prohibited trading i.e. certain trading techniques commonly known as “arbitrage trading”, “picking/ sniping” or the use of certain automated trading systems or “Expert Advisors”; and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying Instrument has been suspended or restricted on a particular market, between same or different trading accounts, or transactions entered into or executed by an Existing Client and/or Introducer for the benefit of earning compensation for the Introducer (referred to as “churning”), the Company reserves the right to: (i) Delay payment of commission until the Company fully investigates and clarifies the matter; (ii) terminate this Agreement with immediate notice to the Introducer and remove any remuneration linked to those Existing Clients; (iii) terminate the Operative Agreements with immediate notice; (iv) close the Introducer’s account with the Company and/or suspend his account for an indefinite period of time; (v) close the Existing Client’s account with the Company and/or suspend his account for an indefinite period of time; (vi) charge a penalty fee to the Introducer and/or to the Existing Client as the Company deems fit and proportionate; (vii) close the account, confiscate any profits that arose from prohibited trading techniques and return the original deposit(s) to the Existing Client. If profits arising out of prohibited trading were already withdrawn, profits can be confiscated from the Existing Client’s related accounts in order to make up for the difference.

PROHIBITED TRADING. 10.1. If the Company suspects or has reasons to believe that any of the Parties are involved in any form of prohibited trading i.e. certain trading techniques commonly known as "arbitrage trading", "picking/ sniping" and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying instrument has been suspended or restricted on a particular market, between same or different trading accounts, the Company reserves the right to: (a) Terminate this Service with immediate notice to the Parties and/or the business relationship established between the Company and any of the Parties; (b) Close any of the Parties’ accounts with the Company and/or suspend his account for an indefinite period of time; (c) Charge a penalty fee to any of the Parties as the Company deems fit and proportionate; (d) Close the account, confiscate any profits that arose from prohibited trading techniques and return the original deposit(s) to the Parties. If profits arising out of Prohibited Trading were already withdrawn, profits can be confiscated from the Parties related accounts in order to make up for the difference.

PROHIBITED TRADING. 10.1. The Client agrees and acknowledges that the service provided by the Company to the Client hereunder is not adapted for certain trading techniques commonly known as "arbitrage trading", "picking/sniping" (Snipping: the situation where the Client is prematurely buying or selling near preset prices). In the event of the Client employing such techniques, the Client agrees and acknowledges that the Company may at the Company’s sole discretion take one or more, or any portion of, the following actions: a) Close Client’s Account: b) Suspend the Client's account for an indefinite period of time; c) ▇▇▇▇▇ out an investigation on the Client's account for an indefinite period of time; d) Charge a penalty fee to the Client in the same or greater amount of money that resulted from the Client using such techniques. 10.2. The Client shall not unlawfully access or attempt to gain access, reverse engineer or otherwise circumvent any security measures that the Company has applied to the Platform. 10.3. It is absolutely prohibited to take any of the following actions: a) use any software, which applies artificial intelligence analysis to the Company’s system and Trading Platform; b) intercept or monitor, damage or modify any communication which is not intended for him;