The main objective of the Execution of Orders is to place and execute orders
and trades with optimal results, where the Company will take all the
appropriate steps to carry out those orders in line with the policies and
procedures herein. In compliance with this document, the Client hereby
acknowledges the related risks upon initiating an order with Nixse.
The Execution of Orders applies to the fulfillment of Client orders,
completing orders on behalf of the Client, and implementing decisions to the
relevant financial instruments offered by the Company. Therefore, the
Company acts as the sole execution venue for all the placed orders. The
Client hereby acknowledges that he/she will deal with the facilities of
Nixse and not with the underlying market.
When the Client completes the account registered with the Company, he/she
will receive the trading platform credentials, which includes the issued
account number and password. The credentials will be used to access the
electronic trading platform, where all orders and trades can be placed
during the Client’s trading course. The trading platform’s password is
confidential, where the Company strongly suggests keeping it private and
undisclosed to prevent unauthorized access.
Orders can also be submitted by sending an official email to the Company.
Client orders received via email are subject to the Company’s approval,
wherein orders that were not submitted through the trading platform must be
formally confirmed in writing before implementing.
Orders will only be considered accepted and valid after completing the
request as displayed on the trading platform. Additionally, the list of all
initiated orders, such as those approved, pending, and canceled, will be
available on the trading platform. For order and trade confirmation, the
Client may contact the Company for further assistance. All orders will be
executed according to the Client’s sequence of submission or implementation.
Due to the nature of the Company’s operations where it acts as a service
provider of the underlying market, the market prices may differ from the
indicated prices before implementing the order. Trading activities and price
movements are solely dependent on the financial instrument itself, which are
beyond the Company’s control.
Several factors are considered when executing an order that affects the
market prices, such as the market price difference or spreads, quoted
prices, speed and interval time of execution, size of the order, and the
market condition at the time being. The Client is responsible for indicating
each order’s specifications, such as, but not limited to, market order,
limit order, take-profit, and stop-loss. It is the Client’s firm obligation
that the specifications of his/her orders and trades are confirmed. The
Company is not liable for the loss or damage incurred by the Client due to
incorrect or inaccurate order specifications.
The Client may specify the expiration with the following limit orders:
Day + Extended Hours
Good ‘til Canceled + Extended Hours
Maximum risk levels and limits are established by the Company and its
liquidity providers to prevent excessive order implementations. Therefore,
the Company will only execute orders with complete and accurate
specifications, and if such orders comply with the risk management of the
Company. In line with this, the Company has the right to cancel or remove
any order if it does not have a provided price from the relevant liquidity
provider. Costs of orders must only be within the available Bid and Ask
prices in the trading platform.
The Company and its service affiliates have the right to amend its market
conditions, wherein the risk levels and market price difference or spreads
can be modified from time to time effective immediately without prior
The Client is accountable for monitoring the executed orders and trades in
his/her trading platform, regardless of a stable trading account. In the
case of placing orders and trading transactions, the Client must ensure
his/her communication availability. The Company may contact the Client from
time to time, without the obligation, to ensure that his/her trading account
is following the Company’s margin requirements.
As indicated on the Company’s Risk Disclosure, the Client understands and
conforms to the concept of price slippage or market gapping that occurs when
executing trades, which may cause a drastic shift in the price of an
underlying asset. The Company does not and cannot guarantee that rapid price
movements will be at the advantage or disadvantage of the Client.
The Company invokes its rights to reject, cancel, restrict, and suspend
Client orders if the submitted order has invalid specifications or if it is
deemed as high-risk order, or the specification of the order violates any
policies of the Company. Applicable cancelation or suspension of Client
orders may also arise due to unforeseen situations, including Force Majeure
Events and technical or system failure.
Some orders and trades may also not be executed due to volume insufficiency,
where the Client will be liable for meeting the volume requirements to
proceed with his/her order execution, which otherwise will be canceled
Contracts and other derivatives that have reached the expiration date will
be closed accordingly. Meanwhile, trades under 10 minutes are viewed invalid
and will be canceled unless reserved with a relevant provider, where the
profit may otherwise be written off. However, this excludes trading accounts
that qualify for statistical requirements or in a case where the Client can
transfer to a substitute liquidity provider.
In the trading platform, statistics are only counted for positive
transactions after deducting the total negative. A positive growing dynamic
is a difference between closed positions in profit that do not surpass the
negative open positions.
Cancelation and modification of orders are only possible if the Company has
not executed or implemented such order, which otherwise is considered long
overdue to be canceled or modified. For any order adjustment and
cancelation, the Client can only perform such if it is within the operating
market hours on a business day, which can be viewed on the Site. It must be
acknowledged that market posting periods, including pre-open and pre-close,
will not consider any canceling of orders due to its potential high risk,
especially if it is already trading in the market.
Moreover, the Company invokes its right to cancel orders entirely if any of
the following events occur:
Technical or system interruptions, including internet and network
communication disruptions, may cause risks to execute orders, which may be
canceled entirely without prior notice.
The Company reserves the right to cancel and reject orders if the Client
poses a legal threat to the Company, including being involved in any
unlawful activities and other suspicious trading acts.
other contracts or agreements, his/her trades and orders will be canceled
and removed ultimately.
Orders can be rejected automatically by the Company’s trading platform
system if detected as invalid or if the Client’s trading account is
identified to have an insufficient balance or is below zero.
During abnormal market conditions and adversities, the Company may close
orders and trades, and in due course, has the right to restrict placement