Scalping Policy

Scalping

Scalping Is A Trading Style That Traders Utilize To Benefit From Minor Price Changes During A Short Period. In Pix Capital Client Agreements, The Definition Of Scalping Transactions Is When Traders Enter And Exit Positions In Less Than 180 Seconds On Foreign Exchange And Metals Trades And Within 300 Seconds On CFD Contracts (Including Single Name Stocks, Equity Indices, Metals, Crypto CFDs). “Scalping” Strategies Are Not Permitted On Our Platform For Traders. Introducing Brokers Will Not Receive Any Fees For Transactions That Are Defined As Scalping Transactions.


Stale Trading


In Order To Ensure The Stability Of The Pix Capital Platforms And Products, We Define 'Stale Trading' As A Method Traders Use Where They Open And Close Trades Within 10 Seconds. Pix Capital Considers These Trades Abusive And Does Not Allow These Trades On Its Platforms And Products. Should Stale Trades Occur In Your Account, Pix Capital Reserves The Right To Cancel Them Immediately.


Idle Prices


We Have An Agency Execution Model And Automatically Cover All Client Positions With Executing Brokers And Liquidity Providers. On Rare Occasions The Aggregated Price Feed Which We Provide To Clients Can Become “Idle”. We Reserve The Right To Reverse The Profit And Loss Realized From Orders Where Idle Stroke Happened. We Will Investigate These Cases And Notify The Client Via E-Mail Or Telephone That Trades Are Cancelled. We Will Always Check To Ensure That The Reversal Does Not Generate An Unintended Position. If The Order Is Executed And Subsequently Reversed To Open A Position, Any Subsequent Order(S) Closing This Position Would Also Be Reversed Leaving The Net P&L At Zero, This Way The Client Will Not Be Disadvantaged By This Reversal Due To Our Invalid Price Delivery.


Misquotes


We Have An Agency Execution Model And Automatically Cover All Client Positions With Executing Brokers And Liquidity Providers. Although We Mitigate The Risk Of Invalid Price Feeds Reaching Clients Through Utilizing A Price Aggregation System Which Generates A Price From Multiple Liquidity Providers (Typically In Excess Of 10 Liquidity Providers). There Are Rare Occasions Where The Price Can Become “Skewed”. In Such Rare Instances, If Orders Are Filled At That Price, We Reserve The Right To Reverse Orders Where Misquote Occurred. We Will Investigate These Cases And Notify The Client Via E-Mail Or Telephone That Trades Are Cancelled. We Will Always Check To Ensure That The Reversal Does Not Generate An Unintended Position. If The Order Is Executed And Subsequently Reversed To Open A Position, Any Subsequent Order(S) Closing This Position Would Also Be Reversed Leaving The Net P&L At Zero, This Way The Client Will Not Be Disadvantaged By This Reversal Due To Our Invalid Price Delivery.


Stale Quotes And Misquotes Policy


We Have An Agency Execution Model And Automatically Cover All Client Positions With Executing Brokers And Liquidity Providers. Although We Mitigate The Risk Of Invalid Price Feeds Reaching Clients Through Utilizing A Price Aggregation System Which Generates A Price From Multiple Liquidity Providers (Typically In Excess Of 10 Liquidity Providers). There Are Rare Occasions Where The Price Can Become “Skewed”. In Such Rare Instances, If Orders Are Filled At That Price, We Reserve The Right To Reverse Orders Where Misquote Occurred. We Will Investigate These Cases And Notify The Client Via E-Mail Or Telephone That Trades Are Cancelled. We Will Always Check To Ensure That The Reversal Does Not Generate An Unintended Position. If The Order Is Executed And Subsequently Reversed To Open A Position, Any Subsequent Order(S) Closing This Position Would Also Be Reversed Leaving The Net P&L At Zero, This Way The Client Will Not Be Disadvantaged By This Reversal Due To Our Invalid Price Delivery.


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