Trading Instructions
Product Trading Matters
KONG SHING has formulated the following definition of abnormal trading based on past abnormal trading situations and the actual needs of normal client transactions
1. When 30% or more of the trading volume in suspicious abnormal trading orders has a holding time of less than 10 minutes.
2. When 30% or more of the trading volume in suspicious abnormal trading orders consists of hedging and locking positions established within 10 minutes.
3. Clients using the same account and multiple computer terminals simultaneously for trading activities, using "intensive trading" methods to create misleading information of huge trading volumes in the market.
4. Clients engaging in order placement trading through third-party software (i.e., "plug-in software") using software disruptions (if EA trading is needed, please contact KONG SHING online customer service staff).
5. A type of trading that takes advantage of "quote delays" on the internet or computers, maliciously "multiple times" or "maliciously" entering and exiting with "heavy positions" within 5 minutes, and earning spreads at non-market prices on the trading platform in a short period of time.
6. Significant changes in trading volume, such as instant changes from 0.1 to 0.5 lots to 5 to 10 lots.
7. Frequent trading entries and exits and involvement in money laundering activities.
KONG SHING's handling methods for abnormal trading
1. When a client withdraws funds, we will review all transactions from the client's last withdrawal (from account opening for first withdrawal) to this withdrawal. According to trading volume statistics, if 30% or more of the trading volume in the transaction orders has a holding time of less than 10 minutes, we will conduct further review of the account, which takes at least 5 working days.
2. During the review period, the account will be prohibited from opening new positions. If positions are still held during this period, the relevant transactions may be canceled.
3. If the transaction order amount limit during the review period exceeds 10% of the trading principal, 15% of the capital injection amount will be charged as cost for abnormal trading, and then the surplus will be distributed to the client.
4. If the transaction orders during the review period are profitable, all profits will be replaced and 15% of the capital injection amount will be charged as cost for abnormal trading, and then the balance will be redistributed to the client.
5. Accounts defined as abnormal trading will be permanently frozen, and the relevant persons will be blacklisted.
Note: The above does not represent all definitions of abnormal trading. For accounts suspected of abnormal trading other than the above definitions, the company may include them in the frozen list after further review, which takes 90 days to extend. The company reserves the right of final interpretation.
Warm Reminder:
Abnormal trading accounts often conduct opening and closing operations in a short period of time (including hedging and locking positions), which will eventually damage the client's rights and interests. Clients need to pay expensive trading costs and find it difficult to earn profits. Importantly, such behaviors may violate the "Anti-Money Laundering" regulations and encounter client questions and complaints. We need to learn from this and continue to be cautious and strictly guard against abnormal trading activities.
