Execution Conditions:

Execution across all account types at BoForex will follow market conditions. The use of Arbitrage EAs (Expert Advisors) is strictly prohibited. Any instance of incorrect price execution or the use of ROBOTs, EAs, and INDICATORS to manipulate the system will lead to the removal or reversal of such trades from the client’s account. If a client attempts to exploit incorrect prices caused by server disconnection without reporting it, and their account is liquidated due to these incorrect ticks, we will not reverse such trades. It’s crucial to understand these conditions before applying for a live account.

Expert Advisor Execution:

Clients should be aware that slippage may occur only on trades executed via Expert Advisors (EAs). This is due to the high-speed nature of EAs, which allows the system to apply slippage as part of our risk management protocols.

Manual trading, however, is not affected and will remain free of slippage.

Fixed Account Conditions:

All fixed spreads are based on the BID and ASK and may change, widening during low liquidity periods or news events. The high and low points for fixed pairs may differ from the original market highs/lows due to running in the middle of the BID and ASK. In the case of wrong price spikes in a fixed spread account, the position will be reversed, and the original deposit will be credited back to the client’s account.

BoForex will not be held responsible for EA malfunctions or incorrect trade executions. In such cases, no trades will be reversed, and the client will bear any losses incurred.

Market Execution & Pending Orders:

BoForex operates with market execution, meaning all execution and pending orders are filled at the available market price. Please note, slippage may occur when filling pending orders if the market price has changed. If you have any questions regarding this, our customer support team is available to assist you.

Hedging:

Hedged positions in a negative state can remain open for up to 30 days. However, any negative hedged positions exceeding this limit will be automatically closed by the system. Clients should manage their positions carefully to avoid automatic closure.

Trade Discrepancies:

If a client identifies any issues with open or closed trades (such as incorrect pricing), they must report it to BoForexwithin 24 hours. If no report is submitted within this timeframe, the company will no longer entertain the investigation of the trade. If we find that a client has taken advantage of incorrect pricing, the company reserves the right to reverse or reopen the trade within 30 days.

Demo vs. Live Accounts:

The demo account operates in a virtual environment, independent of any exchange or bank. In contrast, live accounts are linked to real exchanges and banks. Therefore, comparing the two is inappropriate. Demo servers may experience downtime for maintenance, which could impact the virtual environment. BoForex assumes full responsibility and provides support exclusively for live accounts.

Account Hedging & Multiple Accounts:

Clients opening multiple accounts cannot use them to hedge the same pairs. If a client attempts to hedge by buying and selling the same pairs across different accounts and one account goes negative, we will settle the negative balance from the account with a positive balance. Hedging the same pairs across multiple accounts to exploit leverage or negative balance protection is prohibited and may result in account blockage. Such practices are strictly forbidden.

Price Movements & Currency Exchange:

Prices displayed on the website may fluctuate due to changes in currency exchange rates and market movements, which may affect your investment returns.

Account Violations:

If a client violates the terms of service more than four times, their account may be disabled. The client may request support to have it re-enabled.

Market Hours:

Please note that market hours may change periodically. BoForex will inform clients of any updates regarding changes in market trading hours.