Order Execution Policy
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Registered in the Financial Services Authority St. Vincent the Grenadines. Registration number 22747 IBC 2015
the the est possi le esult o est e e utio he t a s itti g thei O de s to the Execution Venue for execution.
The Co pa s ope atio s ti es a e: ou d – the – clock from 00.00.51 A.M. GMT +2 Monday
through 00.00.00 P.M. GMT +2 Friday. Non-working periods: from 00.00.01 A.M. GMT +2 “atu da th ough . .5 P.M. GMT + Mo da . A ha ges i the Co pa s operations
times as well as holidays and trading times for specific Financial Instruments are shown on the Co pa s e site.
The Client acknowledges and consents that the transactions entered in Financial Instruments ith the Co pa s E e utio Ve ue a e ot undertaken on a recognized exchange or a
ultilate al t adi g fa ilit MTF , athe the a e u de take th ough the Co pa s T adi g Platform i.e. Over-The-Counter and, accordingly, they may expose the Client to greater risks
than regulated exchange transactions. The terms and conditions and trading rules are established solely by the Execution Venue. The Client can only close an open position of any given Financial
I st u e ts du i g the ope i g hou s of the Co pa s T adi g Platfo . The Clie t also has to close any open position with the Execution Venue.
4. Best Execution Factors
The Company shall take all reasonable steps to obtain the best possible result for its clients taking i to a ou t the follo i g fa to s he e e uti g Clie ts o de s agai st the Co pa s uoted
prices, as provided by its Liquidity Provider Execution Venue:
4.1. Price:
a. BIDASK Spread: For any given Financial Instrument the Company will quote two prices, as
offered by the Liquidity Provider Execution Venue: the higher price ASK at which the client can buy go long that Financial Instrument, and the lower price BID at which the client can
sell go sho t that Fi a ial I st u e t; olle ti el the a e efe ed to as the Co pa s
Order Execution Policy
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Registered in the Financial Services Authority St. Vincent the Grenadines. Registration number 22747 IBC 2015
price. The difference between the lower and the higher price of a given Financial Instrument is the spread.
b. Pending Orders:
“u h o de s as Bu Li it , Bu “top a d “top Loss Take P ofit fo ope ed sho t positio a e e e uted at A“K p i e. “u h o de s as “ell Li it , “ell “top a d
“top Loss Take P ofit fo ope ed lo g positio a e e e uted at BID p i e.
c. Co pa y’s price: The Co pa s p ice for a given Financial Instrument is provided from the
Execution Venue, thus, the price offered by the Company to its Clients is determined by the Execution Venue. The Company updates its prices as frequently as the limitations of
technology and communications links allow. The Company will not quote any price outside Co pa s ope atio s ti es see se tio 3 below or outside specific CFDs trading times as
pu lished o the Co pa s e site, the efo e o o de s a e pla ed the Clie t du i g
that time. The Company does not guarantee that when transmitting a Client Order for
e e utio to the E e utio Ve ue, the Co pa s p i e ill e the ost favourable for the Client than one which might be available elsewhere. The main way in which the Company
ensures that the Client receives the best execution price is to ensure that the calculation of the BIDASK spread is made by the Liquidity Provider Execution Venue with reference to a
range of external data sources and independent price providers. The Company reviews its E e utio Ve ue s e te al efe e e sou es at least o e a ea , to e su e that the data
obtained continue to be competitive.
4.2. Costs:
