TRADING CONDITIONS

Account Base Currencies

USD, GBP, EUR & JPY

Stop Out Level

Capital Sands trading platforms are set to automatically close open positions when the stop-out level is reached. For all accounts, when the equity in trading account falls below 30% of the required margin, the stop-out level will be reached, and Capital Sands will automatically close open positions at its opening prices, releasing in the order of highest to lowest margin until the margin level is reached.

* When the market is experiencing swift fluctuations, there is no guarantee about the order of stop out. Instant adjustments may be made by Capital Sands according to instant market situation, clients are responsible for risks that may arise thereof. Capital Sands reserves the right of final explanation concerning the order of stop out.

* Please note that when there is a hedged position in the account, instant widening of spread may cause equity change. If that leads the equity to drop into negative, stop out will be intrigued as a result.

Pending Orders:

Clients shall calculate the account equity when reaching the pending order price, to maintain required real-time margin for the execution of pending orders. While pending orders would be automatically cancelled if the margin level is not enough for the execution of the transaction when the price level has been reached.

Hedged Positions:

Hedged-position function is available on Capital Sands' MT24365 trading platform. Customers can choose whether to open a hedged-position function (long/short) when opening accounts which do not use margin.

Please be careful not to hold more than one hedged position at the same time to avoid possible risks. Holding a hedged position does not lock the profit/loss or guarantee the position.

When the spread is widening in particular market situations, hedged positions would affect the account equity. In the case of open positions, it would further affect the rate of equity to margin, which may result in a stop out in extreme situations.

For example, for one standard lot of hedged position of EURUSD, 1 point of increase in market spread would result in floating loss of USD10 in account equity.

Possible market conditions where spread widening may occur include: opening hours, closing (interest accrual) hours, news and data hours, holidays, thin market with large market entry, fluctuating market and other special market conditions. In addition, buy and sell orders of the hedged positions are accrued normally. However, Capital Sands does not recommend hedged positions.

Order Execution

Quotes by Capital Sands fluctuate with market conditions

In the case of special market conditions (e.g. data, news, market opening and closing hours), there may be a gap or widening spreads in the international market. On this occasion, the trading server does not guarantee the executing price. Orders would be executed in accordance with trading conditions or spreads at the time.

For positions open during weekends or holidays: aftermarket closure on weekends or holidays, if the exchange rate fluctuates significantly and leaves a gap before the reopening of the market due to news, events or other factors, your orders may not be able to be executed at the pre-set stop loss price. On this occasion, orders would be executed at real-time market price, or stop-out may be executed when margin level is not maintained. In consideration of possible gaps, you need to decide whether to close your position or wait until the market opens again before the market closure.

If any disputes shall arise regarding order execution, please feel free to contact our 24-hour online customer service or call our 24-hour hotline, our customer service staff will notify the trading desk in real time. If you are not satisfied with the result, please email our technical department with your account number, order number, result and your opinion. If you hold an open position, please close the position and appeal based on your trading intention. If the order is retained out of your will, you shall take full responsibility for profit and loss caused due to fluctuations in the market during the complaint period. Capital Sands reserves the right of final explanation of this statement.

If your account has not been trading for three consecutive months, it will be archived as inactive. For inactive accounts, Capital Sands may charge a monthly maintenance fee of $20 each month.

Scalping Policy

WHAT IS SCALPING?

In order to ensure the stability of the Capital Sands platforms and products, we define "Scalping" as a method trader use where they open and close trades within 120 seconds.

IB Scalping policy: Introducing Brokers cannot receive any Fees for transactions that are defined as Scalping transactions.

Customer Scalping policy: Scalping is not allowed for Individual Clients on all our trading platform.

STALE TRADING

In order to ensure the stability of the Capital Sands platform and products, we define "Stale Trading" as a method trader use where they open and close trades within 10 seconds. Capital Sands considers these trades abusive and does not allow these trades on its platforms and products. Should Stale Trades occur in your account, Capital Sands 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

Capital Sands quoted prices on rare occasions may become “stale” or “skewed”. Capital Sands reserves the right to cancel orders executed at idle or skewed prices. Capital Sands will actively monitor/report and investigate such trading activity and if those trades were cancelled will notify the client accordingly. Capital Sands will pursue the fair treatment of its Customers and will use its best endeavors to make sure cancellations are performed fairly and that the client is not disadvantaged by the cancellation i.e., there are no inadvertent positions left open and the client's Net Position is in line with the client's positions at the time of correction.