Client understands and agrees that he/she/it will not enter into unlawful, illegal and immoral transactions or any transaction contrary applicable laws, regulations and/or rules or XC Market’s policy or any transaction for purposes of Scalping, arbitrage or to intentionally exploit or manipulate any inaccuracy, regardless of how minor, major, obvious or unobvious, in any rate or pricing offered by XC Market whether through the usage Of scripts, codes, electronic advisors, software or any other form of computer program or manual trading. XC MARKET defines scalping as any transaction which remains open for a period of less than five minutes in duration. Client understands XC MARKET is authorized to retroactively cancel transactions found, in XC Market‘s sole discretion, to be transactions entered into in order to exploit or manipulate pricing by means as set forth within this Section. XC MARKET is then authorized to reclaim any trading profits Client obtains through the entering of any transaction in breach of this Clause in particular transactions for purposes of scalping, arbitrage or intentional exploitation of inaccuracies of rates/ pricing offered by XC MARKET . Client acknowledges and understands that XC MARKET does not guarantee the execution of orders at specific prices, including conditional orders such as stops and/or limits, specifically at times of increased volatility or volume, including market news announcements, due to gapping markets, greyed out pricing, and market liquidity. Client understands and agrees that should they receive off-market prices, for any reason, including but not limited to, delays, malfunctions or manual trading errors, XC MARKET shall retroactively cancel such trades and may elect to leave such trades cancelled or reopen such trades at the correct market price, Client understands that orders received during instances of increased market volatility will be filled at the next best price available or the fair market value Client acknowledges that during instances of gapping markets, conditional orders, specifically stop losses, will be filled at the next available price following a gapping market. Pricing can gap past the price set forth in conditional orders, resulting in clients losing more funds than initially intended. Client acknowledges that due to such risks, XC MARKET encourages clients to utilize market orders rather than conditional orders, as market orders are provided with a requote and allow Clients to accept or reject the new price. Client agrees that XC MARKET is not responsible for any loses, including margin calls, which occur as a result of conditional orders being filled during a gapping market or orders being filled at certain prices as a result of greyed out pricing and/or limitations in market liquidity.
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