Fxcryptomarket provides legal documentation for clients to review before trading Forex, CFDs or any other financial product available.
Please ensure to read all legal documentation before opening a live trading account with Fxcryptomarket.
General Advice Warning
The information on this website is of a 'general' nature only and may contain advice that is not based on your personal objectives, financial situation or needs. You should therefore consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Fxcryptomarket maintains prudent risk management practices. Among other considerations, this involves the monitoring and surveillance of global markets, key risk events, and the trading activity of our clients. In general terms, we refer to this as the management of Market Risk. One way we manage market risk is by Hedging. This means that we may buy or sell the same instrument (but not necessarily of the same volume), to an external counterparty, known as a Liquidity Provider or Hedging Counterparty. If we choose not to hedge, we may be exposed to the outcome of the clients trading activity.
Factors which impact Fxcryptomarket decision to hedge may include, but are not limited to:
Internalisation of Trades
We are sometimes in a position where we may not need to hedge, (or we can hedge a smaller amounts) because we have both buyers and sellers of the same instrument or 'offsetting' trades.
Toxicity of Flow
Trades that are deemed to be predatory in nature, by deploying techniques including, but not limited to, latency arbitrage, the targeting high impact news events, or seeking to manipulate available liquidity.
Extraordinary volume of trades or total trade size is larger than our risk tolerance;
Insufficient liquidity in the underlying market.
The performance of a trading account or group of accounts.
The amount of funds deposited may indicate a need to hedge all trades given it may represent large trade volume from an account(s) than permitted by our internal risk management policies.
Please contact us if you would like to receive a copy of our hedging policy. This policy is subject to change without notice.
Funds you deposit with us, including your net running profits, will be held separately from our money, in a dedicated account, and held and dealt with in accordance with the requirements of the Corporations Act.
We do not use client funds as capital, including working capital or for business purposes such as office rent, utilities and employee payroll and do not use retail client funds for counterparty margining obligations. Wholesale client funds may be used for counterparty margining obligations.
We perform daily and monthly reconciliations of the amount of reportable client money that, according to our records, we are required to hold in a client money account against the amount of reportable client money we are actually holding in that account.
We keep accurate records of the reconciliations we perform and will provide copies of these records to our clients within five business days of a written request (or such longer period as may be agreed in writing).