iFOREX supports fair trading and does not allow practices which exercise abusive trading such as lag trading, price manipulation, time manipulation or any other practices which are illegal and/or are utilized to give the Client an unfair advantage.
Examples for such forbidden practices can be, but not limited to, any of the following:
- Scalping is a trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in the price are easier to catch than large ones.
- Automation (e.g. EAs) or algorithmic trading is the use of electronic platforms for entering trading orders with an algorithm which executes pre-programmed trading instructions whose variables may include timing, price, or quantity of the order, or in many cases initiating the order by a “robot”, without human intervention.
- API trading is an application programming interface refers to all trading that uses a software program to interact with other programs. The API acts as the middleman between the trader and the market, relaying orders and retrieving information as needed.
- “Multiple accounts” is the term referring to two or more accounts set up by one client in order to get multiple incorrectly the account related benefits provided by iFOREX.