Effective Date: November 25, 2024
We've updated our Terms and Conditions to reflect changes in our operations and provide greater transparency. Below are summaries of some key changes and additions.
Please review the complete Terms and Conditions at https://dashboardanalytix.com/client-terms-and-policies/ to understand the full scope of changes.
Your Action is Required: Review and update all links and references to our T&Cs without delay.
Continued use of our services constitutes acceptance of the updated Terms and Conditions.
1. Trader Conduct and Restrictions
- Prohibition of Gambling Practices:
- Explicitly banned "all-in" trading, excessive leverage, and trading resembling gambling activities.
- Added definitions for excessive risk-taking and the penalties for violations.
- Copy Trading and Group Hedging Restrictions:
- Clarified that copy trading is allowed only if the trader owns all accounts involved.
- Prohibited group trading, use of signal services, and coordinated trades across accounts or firms.
- Specified that reverse trades within a single account are allowed but hedging across multiple accounts is strictly prohibited.
2. Account Management Updates
- Evaluation Limits:
- Traders are limited to one evaluation per account size and plan type, regardless of platform. 1, 2 & 3 Step plans are considered discreet plan types.
- Maximum evaluation limit set at $1 million in active plans per trader.
- Corporate and Individual Accounts:
- Prohibit individuals registered under a corporate entity from holding a personal account simultaneously without prior approval.
3. Trading Fees and Costs
- Commissions and Swap Rates:
- Introduced information about commission charges and overnight swap rates based on liquidity providers.
- Noted that these rates are subject to periodic adjustments.
- Liquidity Providers:
- Described the use of aggregated liquidity sources to ensure competitive pricing and execution.
4. Margin Policy
- Tiered Margin Requirements:
- Reserved the right to implement variable margin requirements without prior notice.
5. Updates to Prohibited Trading Activities
- Expanded Scope of Prohibited Trading:
- Updated list of prohibited strategies, including exploiting platform errors and insider trading.
- Added clauses on trades placed near News Events with clarified enforcement.
6. Responsibility for Updating Links and References
As part of our recent updates to the Terms and Conditions (T&Cs), it is critical that all clients ensure their records, systems, and communications accurately reflect the current version of our T&Cs. This includes:
- Updating Links: Verify that all references and hyperlinks to our T&Cs direct to the following URL: https://dashboardanalytix.com/client-terms-and-policies/. Any links pointing to outdated versions must be updated immediately.
- Reviewing and Replacing Static References: If you have copied or referenced any part of our T&Cs in your systems, websites, or documentation, ensure that this content is promptly updated to reflect the changes.
Please be advised that maintaining accurate and up-to-date references is solely your responsibility. We are not liable for any consequences resulting from the use of outdated or incorrect links or text.