Order Execution Policy – Leveraged Foreign Exchange (LFX) Trading

Scope

This Order Execution Policy (“Policy”) is intended to provide you with a general overview as to how Eddid Securities and Futures Limited (“Eddid Securities and Futures” or “we” or “us”) execute orders on the Forex Exchange trading platform on behalf of customers, the factors which can affect the timing of execution and the way in which market volatility plays a part in order handling.

This Policy applies to customers who use the platform provided by Eddid Securities and Futures for LFX trading.

Terms not defined in this policy should already be defined in the terms of the LFX trading business.

This Policy may be amended from time to time. Any amendment to this Policy shall be deemed to be accepted by you when you place an Order on the System, or by entering into a Transaction through the System after the date on which the amendment to this Policy is published on our Website. It is your responsibility to ensure that you have the most updated version of this Policy.

Disclaimer

You hereby acknowledge that there are inherit risks in trading Foreign Exchange. While this Policy is intended to inform you of the risks associated with trading Foreign Exchange, this Policy is not exhaustive of all risk related, or connected to, entering into Orders and Transactions or trading using any system by Eddid and Securities Futures.

Eddid Securities and Futures may place orders against and may act as counterparty to the customer’s trades and customers may be subject to the credit risk of Eddid Securities and Futures.

No Guarantees

We shall make all commercially reasonable efforts to obtain the best possible result (i.e. best execution) for you, given the conditions relating to your Order and taking into account certain factors, such as, prices, costs, speed, likeliness of execution and settlement, size, nature and/or any other information relevant to the execution of your Order.

However, there are no guarantees that your Order will be accepted or executed by us, nor are there guarantees regarding the speed, timing, or price at which your Order will be executed. Further, order speed, timing, pricing and execution may vary between customers trading the same LFX contracts, due to several factors, including but not limited to order type, market volatility and latency.

This Policy does not form an obligation on our part to you.

Margin and Margin Requirements

We will generally reject any order you place if your available margin is less than the margin required to place an order or to maintain an open position. If your margin is less than the margin requirement, we reserve the right to close all open positions and/or cancel any pending orders without prior notice or with your consent. In an instance, if your position is closed and your account has a negative balance, you are responsible for all losses and must pay us the full amount immediately. The system may automatically issue a margin call notification to you.

When your account no longer has enough margin to meet the margin requirement, you will receive a margin call email and a margin call message will appear on the trading platform. It is recommended that you add margin to 3% of the position value or reduce the position to release some used margin. If the equity of the account falls below the liquidation margin requirement, which is 1% of the total position value, no matter whether your position value is positive or negative, some or all of your positions will be liquidated immediately and all pending orders will be cancelled.

Executions of Orders

General - This is not an exhaustive list of all order types available for execution on the System. If you have any questions about the execution of an order type which is not included in this Policy, it is your responsibility to seek guidance from Eddid Securities and Futures by contacting us at cshk@eddidsec.com.

Marker Orders - When you place a market Order, you are giving us an instruction to “buy” or “sell” LFX contract at the market price which is available at the time of execution. Market Orders shall be executed either at your requested price or at the market price which is available at the time of execution.

Limit Orders - When you place a limit Order, you are giving us an instruction to “buy” or “sell” a LFX contract at a specified price.

Stop and Stop Loss Orders - When you place a stop Order, you are giving us an instruction to close an Open Position once a specified price is reached. Stop and stop loss Orders shall be executed when its price surpasses your pre-set stop price. It is not 100% guarantee to be filled at the preferred stop price you state. Once the stop order has been triggered, it turns into a market order which is filled at the best possible price. The price may be lower than the price specified by the stop order.

Trailing Stop Orders - A trailing stop Order is a stop Order that you set at a fixed number of pips from your entry rate. The rate for the trailing stop Order adjusts as the market price moves. When you place a trailing stop Order, you are giving us an instruction to close an Open Position once a specified price is reached. Trailing stop Orders shall be executed in the same manner as a market Order and therefore, are not guaranteed to be filled at your requested price.

Pending Orders - When you place a pending Order, you are giving us an instruction to “buy” or “sell” a LFX contract to open a new order or close an existing Transaction once a specified price is reached. Once the requested price has been reached, the pending Order will be activated and executed in accordance with the order type chosen by you upon order entry.

Stop Out Level - Stop out levels vary based on the Customer.  To find out what your stop out level is, please contact cshk@eddidsec.com.

Placing of Orders
Order Placed Through A System - When you place an Order, we will to the extent practicable and legally possible, execute your Order in accordance with your instructions. In some instances, trading rules for specific LFX contracts may prevent us from following your instructions.

Orders Placed by Telephone - When you place an Order over the telephone with a Dealer, we will to the extent practicable and legally possible, execute your Order in accordance your instructions. In some instances, trading rules for specific LFX contracts may prevent us from following your instructions. Your Order is executed only when the Dealer has verbally confirmed the Order. Once the Dealer has verbally confirmed your Order, you have bought or sold the specified LFX contract and cannot cancel such Transaction. Due to market movements, the price which you are quoted by the Dealer may vary from the price at which your Transaction is executed.

One Click Trading - One Click Trading is an effective way to increase the speed of placing orders, especially for news traders. When you set up your trading platform to use One Click Trading, your order will be submitted immediately when you click the “SELL” or “BUY” price button, including the market quote window, chart window or market depth window. You should be aware of this method of trading before deciding to use the One Click Trading mode.

Error Quotes - We reserve the right, in our sole and absolute discretion, to rescind any Transaction where the price quoted or executed was quoted in error, whether due to human effort or as a result of a technical problem. A price will be deemed to be quoted in error if it is different from the price that we would normally have quoted at the time when you requested it, taking into account all relevant factors.

Discretion - We reserve the right, for any reason, in our sole and absolute discretion, to refuse or reject any Orders placed, irrespective of whether your Account is then under-margined or not.

Aggregation - Eddid Securities and Futures may combine your Order or instruction with those of other clients as a single order where this is in the best interests of all clients whose orders are to be aggregated.

Inherent Risks In Trading
Slippage - The difference between the price at which your Order is executed and the price offered at the time your Order is submitted is known as Slippage. Slippage can be caused by a range of conditions, including but not limited to, fast market movements, thin or illiquid markets, market news, world events, catastrophic events, the economic environment or other market conditions. Depending on the direction the market has moved, slippage may occur, in such instances, Slippage may be favorable or unfavorable to you and may be near to or several pips away from the price displayed on the System at the time your Order was submitted through the System or quoted to you by the Dealer. You might accept or reject slippage. If you accept slippage, Eddid Securities and Futures does not retain any favorable or unfavorable Slippage; all Slippages are passed on to you.

Favorable Slippage – Eddid Securities and Futures executed an order with the external liquidity provider at the price that was better than the price when you placed the trade order. The Favorable Slippage which is the difference between the better price and the original required price.

Unfavorable Slippage – Eddid Securities and Futures executed an order with the liquidity provider at the price that was worse than the price when you placed the trade order. The Unfavorable Slippage which is the difference between the worse price and the original required price.

Re-quotes - Re-quotes may occur when the price displayed on the System or quoted to you by the Dealer is no longer available for execution. Where a re-quote is applicable, you will receive a new quoted rate, which you must accept before the Order is executed. Slippage may occur on re-quoted Transactions and, in such instances, Slippage will be unfavorable to you.

Variances in Pricing and Order Execution - It is important for you to remember that the price which you see on the charts, System or is quoted to you by a Dealer is indicative pricing and may not be the price at which your Order is executed. Once your Order is submitted, such Order might not be cancelled. This feature may differ from other trading systems you have previously used or are familiar with. Before trading with us, you should open a demo account with us in order to familiarize yourself with the order entry process. You acknowledge and accept that, by your use of the System, you agree to accept the inherent risks associated with the immediate execution of your Orders.

You further acknowledge that, the speed, pricing and transmission of orders for execution found on our demo trading platform may differ from that of our live trading System.

Trading System or Internet Connectivity Execution Delays – Eddid Securities and Future does not accept responsibility for any delays in execution beyond our control, such as those resulting from technical failures or malfunctions in connection with the use of the System or internet connectivity or processing speed.

Off Market Pricing - Where a Transaction is executed at a rate which is determined to be “off market” or at a price not found to be on or near the interbank market, we may adjust the Transaction in your Account to reflect the interbank price or other similar price. This adjustment can be made by us at any time and without prior notice to you and may be reflected as a price, order, or cash adjustment in your Account.