Scalping Policy
Scalping
Scalping refers to a trading strategy where traders aim to capitalize on small price movements over a very short time frame. At Hesper Wealth Ltd., we define a scalping transaction as one where positions are opened and closed within the following durations:
- Foreign Exchange and Metals trades: Less than 180 seconds
- CFD Contracts (including stocks, indices, metals, crypto CFDs): Less than 300 seconds
Please note that scalping strategies are not permitted on the Hesper Wealth platform. Traders engaging in such activities will be subject to review, and Introducing Brokers will not earn fees from trades identified as scalping. Hesper Wealth Ltd. reserves the right to suspend or terminate accounts found to be engaging in scalping activities.
Stale Trading
To maintain the stability and integrity of the Hesper Wealth platform, we define Stale Trading as a practice where trades are opened and closed within 10 seconds. This type of trading is considered abusive and is not permitted. If stale trades are identified, Hesper Wealth Ltd. reserves the right to cancel such trades immediately.
Idle Prices
Hesper Wealth operates under an agency execution model, where all client positions are covered with liquidity providers and executing brokers. In rare circumstances, price feeds may become idle due to technical issues.
In cases where orders are executed on idle prices, we reserve the right to:
- Reverse profits and losses realized from such trades.
- Notify clients of the cancellations via email or phone.
We will ensure that such reversals do not leave unintended positions open, and any subsequent orders related to the invalid price will also be reversed to leave the client's net P&L at zero.
Misquotes
Our platform employs a price aggregation system to generate accurate quotes from multiple liquidity providers (typically more than 10 providers). However, in rare situations, a price may become skewedor result in a misquote.
If trades are executed on misquoted prices, we reserve the right to:
- Reverse such trades after thorough investigation.
- Notify the client of the cancellations and adjustments.
All reversals will be conducted fairly, ensuring that clients are not inadvertently left with open positions or unintended financial impacts.
Stale Quotes and Misquotes Policy
Hesper Wealth Ltd. continuously monitors trading activity to identify and address instances of stale quotes or misquotes. We reserve the right to cancel orders executed at such prices to ensure fair trading practices.
If cancellations occur:
- Clients will be notified promptly.
- Adjustments will be made to ensure there are no inadvertent open positions, and the client's net position will remain aligned with their original intent.
Get in touch
Stay connected for all your forex trading needsāemail or call us today!