you must act in accordance with it being "real life", live account.
Even though you will be executing on a demo account which has slightly different characteristics to a live account,
This means that if your trading profits are a result of a technology flaw or liquidity advantage only present within the demo account environment, then these trades would be considered fraudulent and will be removed from the profit calculations.
The following is a list of examples where an imbalance can be created between your demo and the live account resulting in lost profits or worse. So, we do not tolerate trading in these situations.
- Gap Trading
Getting fills trough a gap
- News Trading
Conservative News trading is fine, but no order is allowed to be filled 5 minutes before and 5 minutes after major news.
see a list of the upcoming News that fall in this category
- Trading outside Market hours
Trades have to be closed before the markets close, you are not allowed to hold on to positions during closed markets.
e.g Weekends for Forex or overnight for Cash-traded Equities or Indices
- No Arbitrage
Any form of Arbitrage between the demo and live price feeds.
Other things to be aware of
The following is a list of examples where an imbalance can be created between your demo results and the live account.
You need to be aware of each of these situations as they can sometimes effect profit calculations.
- Expecting Guaranteed execution on Limits or Stops
Real world execution always comes with slippage, this is just how the markets work.
Guaranteed execution can not be accepted as our own live accounts do not have this feature enabled.
- Delayed execution and freezes
Platform freezes, data feed delays that result's in better entries.
may result in profit offset