They have revoked my profit and closed the account.
Reason: abusive trading.
My trading style is newstrading, NOT latency arbitrage.
Here their email (translated from italian to english):
Dear XXX,
The benefits offered by our company are intended to benefit our customers by providing high-quality performance to enhance their experience. However, you may abuse these benefits by using them in a manner that is strictly prohibited in our Terms and Conditions.
We have an experienced team of Risk Managers dedicated to identifying such behaviors. Trading patterns are analyzed by the Risk department. Patterns of activity that indicate the terms we provide are being abused are highlighted. Squared Financial has the right to cancel trades if arbitrage or abuse is indicated or suspected.
Terms & Conditions
8.11. No abusive commercial behavior.
8.11.1. The Company reserves the right to exclude the Customer from the Promotion and take further action if it suspects or has reasonable suspicion that the Customer has taken advantage of the Promotion, has abused the Terms and/or rules of this Promotion or is involved in abusive commercial transactions . behavior in any way.
8.11.2. The Company reserves the right to determine what constitutes abusive business conduct and its decision will be final and binding on the Customer. The Company may take any other action against abusive conduct or prohibited trading arising under any of the Operating Agreements.
“Abusive Trading” means the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulation or exploitation of any timing and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of transactions faster/slower feeds, use of robots, spiders or other automated data entry systems with the Trading Platform (unless the Client receives express written consent from the Company before activating the robot), violation of the obligations of the Customer.
Trading patterns identified on your account:
• Identified the use of an automated data entry system
• Trades made collectively with other traders, i.e. the same trades made in the same second
• Positions opened/closed before/after the closing of an economic event
Conclusion
In light of the above, your initial deposit will be refunded, all transactions will be canceled and your account will be closed in accordance with our terms and conditions of use. This is entirely a decision of the Company which it may make at its discretion.
Best regards,
SquaredFinancial
Reason: abusive trading.
My trading style is newstrading, NOT latency arbitrage.
Here their email (translated from italian to english):
Dear XXX,
The benefits offered by our company are intended to benefit our customers by providing high-quality performance to enhance their experience. However, you may abuse these benefits by using them in a manner that is strictly prohibited in our Terms and Conditions.
We have an experienced team of Risk Managers dedicated to identifying such behaviors. Trading patterns are analyzed by the Risk department. Patterns of activity that indicate the terms we provide are being abused are highlighted. Squared Financial has the right to cancel trades if arbitrage or abuse is indicated or suspected.
Terms & Conditions
8.11. No abusive commercial behavior.
8.11.1. The Company reserves the right to exclude the Customer from the Promotion and take further action if it suspects or has reasonable suspicion that the Customer has taken advantage of the Promotion, has abused the Terms and/or rules of this Promotion or is involved in abusive commercial transactions . behavior in any way.
8.11.2. The Company reserves the right to determine what constitutes abusive business conduct and its decision will be final and binding on the Customer. The Company may take any other action against abusive conduct or prohibited trading arising under any of the Operating Agreements.
“Abusive Trading” means the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulation or exploitation of any timing and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of transactions faster/slower feeds, use of robots, spiders or other automated data entry systems with the Trading Platform (unless the Client receives express written consent from the Company before activating the robot), violation of the obligations of the Customer.
Trading patterns identified on your account:
• Identified the use of an automated data entry system
• Trades made collectively with other traders, i.e. the same trades made in the same second
• Positions opened/closed before/after the closing of an economic event
Conclusion
In light of the above, your initial deposit will be refunded, all transactions will be canceled and your account will be closed in accordance with our terms and conditions of use. This is entirely a decision of the Company which it may make at its discretion.
Best regards,
SquaredFinancial
