Dis document dey set out di terms and conditions wey concern trading for Deriv platforms, including those wey concern our trading rules, pricing policy, payouts, manifest errors, margin, and leverage. E be part of di agreement between you and Deriv, and you suppose read am together wit our General terms of use for clients (di “General Terms”). Any defined terms wey dem use for dis trading terms get di meaning wey dem give dem for di General Terms. Dis trading terms no apply to Financial Consultation Services.
1. General
1.1. We get general duty to conduct our business wit you honestly, fairly, and professionally, and to act for your best interests when we open and close trades wit you.
1.2. We fit put trading restrictions and certain rules and limits on how you place market orders on our Platforms. We reserve di right to change di restrictions and rules at any time because of market conditions and/or oda factors.
1.3. From time to time, we fit provide written information to you by publishing am for our Website or through any oda way. As dem set out for di General Terms, we no dey give any warranty say dis information correct, and for no condition dis information go count as, or contain, any financial advice or recommendations from us.
1.4. If you use any third-party service provider (e.g. MT5) for trading, na only your responsibility to make sure say your account and any trading wey dem conduct through am dey safe.
1.5. With dis, you authorise us to act on any instruction wey you give through di Platforms. For di purpose of dis Clause 1.5, we get di right to rely on any electronic communication or instruction wey we receive through di Platforms using your account credentials, without any further enquiry about whether di communication or instruction na genuine, whether di pesin get authority, or who di pesin be wey give or claim say im give di communication or instruction. We no go accept offers to open or close a transaction through fax, email, or text message.
1.6. Every time wey you enter into a transaction wit us, you dey give us di following representations:
1.6.1. You no dey enter into any transaction wey fit amount to market abuse. We remind you say dis apply to all forms of market abuse, including insider dealing, di misuse of information, and market manipulation;
1.6.2. You no dey work for di banking and/or finance sector (unless your employer know about your trading and di practice no dey go against your employer policies); and
1.6.3. How you use di Services and Platforms, including every transaction wey you complete, no dey break any laws, regulations, instruments, or ordinances, including rules wey govern how any exchange, financial market, financial regulatory environment, or ethical rules of fair trading dey operate.
1.7. We fit remove any asset from our Platforms wit or without prior notice, especially if market volatility happen or if we suspect abuse.
1.8. We fit put risk limits on your account, wey fit affect your trading. Dis limits fit include restrictions on di instruments wey you fit trade, trade types, di maximum exposure wey you fit get for any particular instrument, and trading volume limits.
1.9. We fit increase or reduce di decimal precision for any instrument on our Platforms. Wen e possible, we go notify you before we make any changes.
1.10. We get di right to suspend our Services, or end or reverse any trade, for any circumstance wey we, based on our sole discretion, decide say prices fit no dey accurate or fit no dey possible to determine. Dis situations include, but dem no end for, di following:
1.10.1. Wen political, economic, military, or monetary events happen (including unusual market volatility or illiquidity), or any circumstance wey no dey under our control, responsibility, or power happen, and e no dey reasonably possible make we continue to operate without causing serious harm to our interests;
1.10.2. If we determine say we no fit calculate price for di contracts;
1.10.3. Wen any means of communication wey dem normally dey use to determine di price or value of any of di contracts we dey offer break down;
1.10.4. Wen we decide say di price or value of any of di contracts we dey offer no fit dey quickly or accurately determined; or
1.10.5. Wen error dey inside di trading software or any oda IT system.
1.11. We fit close any account based on our sole discretion if we determine say you and/or any individuals wey we identify as your associates dey act in bad faith and/or dey try make gain at Deriv's expense.
1.12. We fit remove any profits from your account or from di accounts of any individuals we determine say na your associates, if we believe say dem make those gains in bad faith and/or at Deriv's expense.
1.13. Our Platforms fit display chart data differently because of technical configurations wey specific to each Platform. Dis fit include, but no end for, differences for wen candle dem start, time zone settings, and charting engines. Because of dis, candlestick patterns and chart groupings, especially for higher timeframes (such as di 4-hour chart), fit no appear di same for all Platforms. Dis difference fit affect visual analysis on 4-hour charts, pattern recognition on higher timeframes, and chart-based trading decisions wen you switch between Platforms. Di underlying market data na di same. Di difference na how dem group and display di data.
1.14. We no go dey liable for any losses, wrong interpretation, or trading decisions wey fit result from di differences for chart display wey Clause 1.13 explain. Na your responsibility to understand how each Platform dey display data and how im configurations fit affect chart visualisation.
1.15. Corporate actions
1.15.1. Corporate action na company event wey fit include assimilation, acquisition, bankruptcy, bonus issue, bonus rights, cash dividend, class action, delisting, de-merger, general announcement, initial public offering (IPO), liquidation, merger, change in par value, scheme of arrangement, stock dividend, stock split, return of capital, or reverse stock split.
1.15.2. Corporate action fit affect one or more of your trades. For dat case, we fit take one or more of di following measures:
1.15.2.1. Credit amount to, or debit amount from, your account; or
1.15.2.2. Restrict your account to stop you from closing any affected trades until di corporate action don happen.
1.16. Manifest errors
1.16.1. If we get reason to believe say you don enter trade for price wey no reflect fair market price, or wey dem acquire or sell for abnormally low level of risk because of:
1.16.1.1. Programming error, bug, or glitch wey nobody detect for our Platforms, Website software, or market data feed; or
1.16.1.2. Delay for Contract pricing, error for data feed, stray quote, incorrect pricing parameter, clear miscalculation of prices, or any oda obvious error,
(each one, a “Manifest Error”), we get di right to cancel or reverse transactions or change di contractual terms of dat trade.
1.16.2. To decide weda an error na Manifest Error or not, we fit consider any relevant information, including di state of di underlying market when di error happen and any internal error or any information source or pronouncement wey no clear.
1.16.3. You get duty to report to us any problems, errors, or suspected system inadequacies wey you fit experience for di Platforms or Website. You no go abuse or arbitrage such system problems or errors to make profit.
1.16.4. We fit make changes to di contract terms of any trades wey don execute wey get Manifest Errors, for any way wey we, as we dey act reasonably, decide say e reasonable and fair. We fit make these changes without your involvement, and dem fit require actions like to close or open positions and/or delete trades from trading history.
2. Options and Multipliers
2.1. Trading restrictions
2.1.1. We dey offer our Options and Multipliers trades under di following limitations:
2.1.1.1. Options and Multipliers trades fit no dey offered for di last hour of trading for any market.
2.1.1.2. Options and Multipliers trades fit no dey offered during di first ten (10) minutes of market trading.
2.1.1.3. During periods of high volatility (market movements wey dey move very fast), trades fit dey offered at prices wey less favour you pass di prices wey dey available under normal market conditions.
2.1.1.4. We fit put certain limits on di acceptable levels for barrier and strike prices of Options trades. Barrier and strike prices go normally dey for moderate distance from di current underlying market level.
2.1.1.5. For Accumulator Options, we fit put certain limits on di available growth rate factor.
2.1.1.6. For Vanilla Options, we fit put certain limits, including limits on strike prices or trading volume, depending on market conditions.
2.1.1.7. For Multipliers trades, we fit put certain limits on di acceptable range of Multipliers and di range of time for deal cancellation.
2.1.1.8. Market prices dey update no pass once every second. If dem receive more than one tick for any given second, di market price for our data feed go update to di last valid tick wey dem receive.
2.1.1.9. E fit no be possible to sell Digital Options within fifteen (15) seconds before di expiration time.
2.1.1.10. E fit no be possible to sell Vanilla Options on Synthetic Indices within sixty (60) seconds before di expiration time.
2.1.1.11. E fit no be possible to sell Vanilla Options on foreign exchange (“FX”) within twenty-four (24) hours before di expiration time.
2.1.1.12. An Accumulator Options position go close automatically when e reach im maximum payout or maximum ticks, or if any of di range limits don reach or don pass.
2.1.1.13. A Vanilla Options position go close automatically when e reach im expiry time.
2.1.1.14. For Accumulator Options, di maximum number of ticks and di maximum payout wey you fit earn, na di growth rate factor dey determine dem. You fit set dis factor within di range of 1% to 5%, including 1% and 5%, with increments of 1%.
2.1.1.15. For Vanilla Options, payout per point (for synthetic assets) and payout per pip (for FX assets) dey depend on how di chosen strike price relate to di spot price.
2.1.1.16. Dem go temporarily disable di opening of Accumulator Options once aggregate trade amount limit reach. Dis limit go trigger wen di combined trade amount of all di positions wey still dey open for di same underlying and growth rate factor reach di threshold wey dem don set before. Dem put dis measure in place to manage risk and protect your capital.
2.1.1.17. Different markets fit close for different times during di day because of local trading hours and time zones.
2.1.1.18. Some markets (like indices) no dey open throughout di day, and trading fit no dey available wen di markets close.
2.2. Data feeds and quotes
2.2.1. You acknowledge say our data feeds fit differ small from oda ones because of di following reasons:
2.2.1.1. For all instruments wey dem dey offer on an over-the-counter (known as “OTC”) basis (i.e. without di use of a central clearing house), for example, FX, no “official” price source dey. Different data feeds go contain quotes from different sources, so di prices wey come from dem go different too.
2.2.1.2. Market-closing time dey affect data feeds. Di exact time wey dem settle all trades for our website fit different from oda websites because of di different conventions wey dem fit use (for example, some websites fit choose 4:00 pm NY time or 5:00 pm London time). Because of dis, di open, high, low, and closing prices wey show for our website fit differ from di ones wey show for oda websites.
2.2.1.3. Bid and ask prices dey create differences for data feeds. Wen di market no get enough liquidity, di data feed fit contain plenty bid and ask prices, even if no recent traded prices dey available. By taking di average of di bid/ask price (i.e. bid + ask, divided by 2), dem generate market quote wey reflect di current market, even if e no come from price wey dem trade recently. Our system go generate prices from di bid and ask prices, while oda websites fit no do so. Because of dis, our website fit show ticks wey no show for di data feeds of oda websites.
2.2.2. Dem no dey count weekend quotes for trade settlement. During weekends, FX markets fit sometimes generate prices; however, dis prices dey often indicative (traders sometimes dey use di low liquidity for markets during weekends push prices go up or down). To avoid settling prices based on dis kind indicative prices, our policy na say make we no count weekend prices towards trade settlement values (except for Synthetic Indices and Cryptocurrencies, wey dey open during weekends).
2.2.3. Entry spots for different trade types dey as dem explain below:
2.2.3.1. For Digital Options, Multipliers, and Accumulator Options, dem define di entry spot as di next tick afta our servers process di contract.
2.2.3.2. For Vanilla Options, dem define di entry spot as di latest available tick for di time wen our servers process di contract.
2.2.4. Depending on di quality of di data feeds wey we receive from our feed providers, our servers fit apply tick filtering algorithm. Di purpose of dis filtering algorithm na to remove stray ticks from di feed. Stray ticks na ticks wey clearly fall outside di market current trading range; dis kind ticks dey often happen because of communication delays wit an exchange or bank wey dey provide quotes, human error, or database problems wey fit happen for any point between di person or organisation wey originate di quote and our servers.
2.2.5. We reserve di right to correct trading data if dem contain any wrongly priced or typographically incorrect data.
2.3. Options and Multipliers pricing
2.3.1. We dey use our best estimate of market price movements and di expected level of interest rates, implied volatilities, and oda market conditions during di life of di financial trade to calculate di price wey you pay and di payout wey you receive for Digital Options, Accumulator Options, and Vanilla Options trades. Di calculations dey based on complex mathematics and include bias for our favour.
2.3.2. For Accumulator Options trades, di “Range” values fit depend on more than only di “Growth” rate and underlying.
2.3.3. Any slippage (di difference between di order price and execution price wen dem fill orders) from di price wey show during di execution of di order, dem go consider am as change for underlying prices in di market. Slippage fit increase well well during di daily bank rollovers. We make sure say we execute Options trades at di indicated price or lower. During rapid market movements, di pricing fit change, and we go either execute at zero slippage or positive slippage (wey dey more favourable to you). If trade get negative slippage wey pass acceptable threshold, dem go reject di trade.
2.3.4. For Accumulator Options, profits fit increase through slippage wen di price fall within di specified ranges. However, if any of di barriers dem touch or breach, you go lose di trade amount without any payment.
2.3.5. Di charting data wey we provide na only for indication and e fit differ from real market values.
2.3.6. If corporate actions make di value of an underlying asset change, trade prices fit change too.
2.3.7. If any dispute arise about how dem calculate financial trade price or di market or settlement values, our decision go final and binding.
3. Contracts for Difference ("CFDs")
3.1. Margin and leverage
3.1.1. Depending on di type of account wey you get, di leverage wey apply fit differ. All instruments fit get dia own leverage.
3.1.2. Na your responsibility to make sure say you get enough balance for your account to cover any margin wey you need to open a position.
3.1.3. To protect your portfolio from market movement wey no favour you because of gap wey fit happen wen di market open, we reserve di right to reduce leverage on all assets wey we offer for CFD accounts before di market close, and increase am again afta di market don open. Na your responsibility to make sure say enough funds dey available for all your Platform accounts to support your positions at all times.
3.1.4. If your account balance fall below di margin requirement, we go issue margin call. For dat point, you go receive alert, and you go fit either deposit more funds into your account or close your open positions.
3.1.5. For cases wia your margin level fall below 50%, dat mean say your account balance fall to less than half of your margin requirement, we go start close-out procedures. We go begin close your positions automatically one by one, starting from di position wey get di biggest unrealised loss, and continue until either di margin level don recover go above 50% or dem don close all your positions. For more information about close-out, you fit check di section wey dem call “Stop Out level” below.
3.1.6. We reserve di right to increase or reduce di leverage wey apply to your open positions based on our sole discretion. Any change like dis fit cause immediate increase in margin requirements.
3.2. Stop-out level
3.2.1. Dem fit apply a Stop Out level under different circumstances, wey include di following, but e no end for only dis ones:
3.2.1.1. Di server fit analyse any orders wey no dey under execution at dat time;
3.2.1.2. Di server fit delete di orders wey get di biggest margin;
3.2.1.3. If your margin level still dey below di Stop Out level, di server fit delete di next order (dem no dey delete orders wey no get margin requirements);
3.2.1.4. If your margin level still dey below di Stop Out level, di server fit close di position wey get di biggest loss;
3.2.1.5. Dem fit close open positions until your margin level become higher than di Stop Out level. Also, for fully hedged positions, dem fit carry out Stop Out on accounts wey get open positions, zero margin (covered positions), and negative equity; or
3.2.1.6. We don publish di default Stop Out level wey apply to your account for our website. However, based on our absolute discretion, we fit change di default Stop Out level for your real money account. Any change to di Stop Out level fit take effect immediately, and we go make our best effort to show di latest default Stop Out level for our Website.
3.3. Di entry spot for CFDs on Derived Indices na di next tick afta our servers process di contract.
3.4. Di exit spot for CFDs on di following indices: Crash/Boom, Jump, DEX and Range Break indices, na di next tick afta our servers process di contract. For other indices, di exit spot na di latest available tick at di time wen our servers process di contract.
3.5. Na your responsibility to monitor your account, including any changes to leverage or asset availability wey we publish for di platform or website, so dat you go know your possible losses, di margin wey dem require, and weda your position dey approach di Stop Out level, as we no go notify you if dis happen.
4. Virtual assets
4.1. Na di orders wey pipo place for di order book for our Platform dey determine di prices of virtual assets wey dem trade for di Virtual Asset Exchange, no be prices wey we set. We design our pricing policies to prevent unfair trading and market manipulation. Trading virtual assets on dis spot basis no dey use leverage, and e no involve margin, liquidation, an insurance fund, or Auto-Deleveraging. Dem mechanisms apply only to Futures Contracts under Clause 4.2.
4.2. Leveraged trading
4.2.1. Based on our sole discretion, we fit give you di option to enter into transactions on a leveraged basis. Dis one allow you open a position wit market value wey bigger pass di funds wey you need to deposit as margin.
4.2.2. You dey responsible to make sure say your account get enough Balance to meet initial margin requirements, and to dey monitor di margin status of your open positions continuously.
4.2.3. “Auto-Deleveraging” (ADL): For extreme market conditions wia standard liquidation procedures and insurance funds no fit absorb systemic losses from bankrupt positions, Auto-Deleveraging mechanism go apply automatically to clear di unhedged liability.
4.2.4. We fit, based on our sole discretion, decide di amount of funds wey go enter di insurance fund wey dem dey use for your Futures Contracts trading, and we fit adjust dis amount from time to time. Wia insurance fund compensation no dey available or e no enough to cover bankrupt position completely, dem go submit di position to di Auto-Deleveraging mechanism wey we describe below.
4.2.5. Wen ADL trigger, opposing positions wey dey make profit for di Platform go dey selected automatically — based first on profit ratio and effective leverage — and dem go close dem, either completely or partly, to clear di unhedged bankrupt liability.
4.2.6. Any position wey ADL event affect go close automatically at di takeover price. Dis na di price wey dem calculate afta dem don apply insurance fund compensation to di corresponding bankrupt position, and e fit different from di bankruptcy price of dat position. Profit distributions wey come from ADL closure go enter your account directly, and no additional platform execution fees go apply to di transaction.
4.2.7. Clients wey dis one affect go receive prompt electronic notification, through email or di Platform, for any automated reduction of dia positions wey result from ADL. You acknowledge and agree say ADL events na automated risk management function and say we no dey liable for any potential future profits or market opportunities wey you lose because of ADL execution.
4.2.8. Di following provisions go apply wen dem liquidate your position:
4.2.8.1. Liquidation of your position go make your losses become final;
4.2.8.2. Dem fit charge liquidation clearance fee to your account, wey dem calculate based on di notional value of di position wey dem liquidate. Di applicable rate dey published for our website;
4.2.8.3. Di insurance fund and Auto-Deleveraging mechanism wey dey Clauses 4.2.3 to 4.2.7 dey work together to prevent losses for your position from passing di margin wey you allocate to am;
4.2.8.4. For extreme market conditions, like serious lack of liquidity wey stop di Auto-Deleveraging mechanism from matching enough opposing positions, dis protection fit no dey available, and your loss fit pass di margin wey you allocate to di position;
4.2.8.5. Subject to Clause 9 of di General Terms, apart from Clause 9, di highest loss wey you fit get for any single leveraged position na di margin wey you allocate to am; and
4.2.8.6. Wia you trade under cross margin wit multiple open positions, one individual position fit show temporary deficit during di closure sequence if dem close one position wey dey lose before dem close another position wey dey make profit wey fit offset am. Dem go resolve dis deficit once dem close di position wey dey make profit, as long as your total account equity remain positive.
4.2.9. You acknowledge say you don read and understand di specific risks wey dey linked to leveraged trading, including ADL, as dem explain am for Clause 3.10, Risk Disclosure.
4.2.10. Futures Contracts on virtual assets dey subject to funding rate, wey dem fit charge or credit every eight (8) hours depending on market conditions and weda your position na long or short. Funding payments fit result in charge against your account or credit to your account, and na not us set dem.
4.2.11. Your Futures Contract position on virtual assets go liquidate automatically wen your margin level reach 100%.
5. Account administration
5.1. Wen you open and close CFD trade, di difference between di bid and ask prices, wey dem know as di “Spread”, na part of di market price wey dem quote. Di Spread fit widen well-well for some situations.
5.2. All prices for financial instruments wey dem quote for our platforms for trading come from liquidity sources wey dey available for di market, and because of dat, dem regard dem as tradable prices. Any slippage, wey na di difference between di order price and execution price wen dem fill orders, from di price wey dem show during order execution, dem consider am as change for di underlying prices for di market. Slippage fit increase well-well during daily bank rollovers. By accepting dis Agreement, you acknowledge say we no dey offer you unrealistic quotes.
5.3. Any CFD position wey remain open afta 21:59 GMT (20:59 GMT during daylight saving time) dey count as overnight. If you keep any CFD trading positions open overnight, dem go make interest adjustment, or swap rate, to your trading account to reflect di applicable market funding conditions. Dem dey apply am to your trading account every day, and e fit be positive or negative adjustment. E dey based on interbank lending rates, wia applicable, and changing market conditions, and e dey take di following into account:
5.3.1. If you keep position open pass di swap calculation time, di basic swap rate go apply to you.
5.3.2. For certain instruments, because transactions dey take two (2) days to settle, dem go adjust positions wey still dey open for weekdays at di swap calculation time at three (3) times di swap rate to account for weekends — dis na standard practice for all financial brokers.
5.3.3. We fit also adjust our swap rate make e take public holidays for any jurisdiction into account.
5.4. Interest adjustment no dey apply to Swap-free accounts for holding positions overnight.
5.5. Swap-free accounts dey designed to respect di principles wey no allow di practice of paying or receiving interest, wey na concept wey align wit di financial ethics wey Muslim communities dey uphold.
5.6. Although Swap-free account holders no dey subject to interest adjustment for holding positions overnight, Deriv reserve di right to make adjustment against your account for any positions on derived instruments wey don remain open for more than five (5) days. For financial instruments, dis period go be fifteen (15) days.
5.7. We reserve di right to remove any instrument from di Swap-free account offerings afta we give clients two-week notice make dem close any open positions on those instruments.
5.8. We reserve di right to switch trading to close-only for some or all di Swap-free account offerings afta we give clients two-week notice.
5.9. You must use Swap-free accounts in good faith. You no go use Swap-free account take profit from swap arbitrage. If we determine say Swap-free account dey abused through fraud, cash-back arbitrage, manipulation, or oda forms of fraudulent or deceitful activity, we reserve di right to cancel di client Swap-free account privileges or even terminate dia account.
6. Abnormal trading activity and misuse of resources
6.1. You acknowledge say our Services require us to process multiple trade requests, wey dey use di capacity of our system and require us to continuously manage and scale our infrastructure to ensure say e reliable and perform well.
6.2. If, based on our sole discretion, we determine say you dey carry out activities wey pass di built-in tolerance wey we get and deviate from di parameters of wetin we determine to be normal trading activity, including redistributing Deriv feed, over-utilising our system resources, or maliciously trying to disrupt di normal functioning of our systems through excessive requests or traffic, we reserve di right to:
6.2.1. Suspend or terminate your ability to trade on any of your trading accounts, wit or without prior notice;
6.2.2. Block di IP address wey you dey use;
6.2.3. End or disconnect your connection;
6.2.4. Reverse any trades wey abnormal trading activity affect or wey show say person dey abuse our systems;
6.2.5. Close any open positions;
6.2.6. Permanently close any of your trading accounts, wit or without prior notice; and/or
6.2.7. Cancel any funds wey dey associated wit any of your trading accounts, wit or without prior notice.
If we find say you don carry out activities wey we consider to be abnormal trading activity or abuse of our resources, we reserve di right to recover any costs wey we incur because of dat behaviour.
7. Expert Advisor
7.1. Expert Advisor na programme wey dey run through trading terminal wey fit automatically monitor and carry out trading without di trader direct involvement (an “Expert Advisor”). Depending on di market conditions wey Expert Advisor dey programmed to track, certain factors go trigger alerts, notifications, and even trading actions once Expert Advisor don install. Expert Advisors dey programmed in MetaQuotes Language 5 (MQL5) to work wit Deriv MT5. Expert Advisors dey function only for di desktop trading terminal and no go work for di mobile or web versions of di terminal.
7.2. Expert Advisors fit dey programmed for:
7.2.1. Receiving alerts about potential trading opportunity;
7.2.2. Automatic execution of trades;
7.2.3. Automatic adjustments of Take Profit and Stop Loss levels; and/or
7.2.4. Trailing stops.
7.3. Expert Advisor fit automate trading, but e beta make you understand di strategies wey dem implement before you use am. We encourage you make you do due diligence wen you dey install and use Expert Advisor, and make you test am for demo account first. Make you note say actual trading results fit no match optimised or back-tested results.
7.4. Make you use all software at your own risk. We no go dey liable for any financial losses wey happen because you use third-party software for our Platforms. Na only you dey responsible for, and we no accept any liability for, any inconsistency or result wey relate to how you use Expert Advisors, including any position wey Expert Advisors open or close wey you no expect, whether na because of system error or any oda reason.
7.5. We no develop automated trading software or Expert Advisors wey dey available for public download on MT5; na only third parties dey develop and support dem. We no dey receive any financial or oda benefit because we allow di use of Expert Advisors. We dey neutral about how you use Expert Advisors.
8. Copy Trading
8.1. We fit offer Copy Trading as one feature for di Platforms. Wen you copy one strategy or trading signal, you dey copy di trading performance of anoda trader (strategy provider). You accept say we no dey take part in any way for di trading decisions wey di third party wey strategy or signal you choose to mirror or copy make. Make sure say you read and understand di terms and conditions of a strategy provider before you enta any transactions.
8.2. We fit give you information like account information, trading history, risk profile, and oda relevant details to help you assess, evaluate, and choose your trading strategy wen you dey take part for Copy Trading. However, na only you get di decision to do Copy Trading, and before you copy a strategy, you must carefully consider different aspects and factors, including di risks wey dey involved and your trading objectives.
8.3. You authorise us to carry out all transactions and positions wey connect wit di trader, account, portfolio, or strategy wey you choose to copy. Dis one include actions like Copy Trading, stopping Copy Trading, pausing Copy Trading, and setting limits for any position (including copy position). Dem dey carry out dis actions automatically once you start dem, and dem no need prior consultation, consent, or approval for any activity wey dey continue or copied trades. You acknowledge say, at any time and based on your own discretion, you fit stop, pause, restrict, and/or limit any Copy Trading activity wey you carry out through our websites and platforms. Na only you dey responsible to continuously monitor, select, and assess di following:
8.3.1. Weda di copied accounts dey suitable; and
8.3.2. Di overall performance of di copied trader, account, portfolio, and/or strategy.
8.4. Wen you dey do Copy Trading wit a strategy provider, you give us di following authorisations:
8.4.1. To copy or stop to copy any trader, account, portfolio, or strategy based on our own discretion;
8.4.2. To open and/or close positions for any available CFD on our Websites, applications, or Platforms, and to set limits for any position (including copy position) based on our own discretion;
8.4.3. To modify and/or adjust di policy, objectives, structure, and/or composition of any Deriv portfolio based on our own discretion, wit or without prior notice to copiers; or
8.4.4. To close any such account, portfolio, or strategy based on our own discretion, wit or without prior notice to copiers.
8.5. We go make reasonable effort to monitor di performance of di copied trader, account, portfolio, or strategy based on di parameters we don establish. Dis parameters fit include risk behaviour, profitability, drawdown, and oda relevant factors wey we consider important. We reserve di right to suspend or prevent di copying of any trader, account, portfolio, or strategy. Apart from di authorisations we don mention above, we reserve di absolute right to pause, stop, or block any trader, account, portfolio, or strategy make dem no copy am.
8.6. To di fullest extent wey applicable laws allow, neither us nor any of our affiliates or partners go dey liable for any of di following:
8.6.1. Any loss wey result from following your written or verbal instructions;
8.6.2. Any loss wey happen because of decisions wey an account wey you choose to copy make, or actions wey e take, including Deriv portfolios;
8.6.3. Any loss wey come from trading decisions wey any copied account, strategy, and/or portfolio make in good faith, or actions wey dem take or no take, including Deriv portfolios.
Dis terms no waive or restrict any rights wey you fit get under applicable laws wey person no fit waive or restrict.
8.7. You acknowledge say we no provide any guarantees or make any promises about di performance or any oda aspects of di strategies and trading signals wey you choose to mirror or copy. You understand and agree say you no get any ground to make any claims against us because of di actions or omissions of di strategy provider or any oda matter wey relate to am, whether dem innocent, negligent, or fraudulent, as e relate to us.
8.8. Di trading outcomes and indications of strategies fit different, and no assurance dey say you go make profits or incur losses wey resemble di ones wey di Copy Trading functionality show. Historical results wey dem present fit don pass back-testing for accuracy, or dem fit no don pass am. We no fit guarantee profits, and we no fit guarantee di extent or limit of any losses. By choosing to mirror one particular strategy and/or trading signal, you understand and accept say financial losses fit happen, including say you fit lose all di capital wey you put.
8.9. Third-party strategy providers fit get dia own terms wey include performance-based payment arrangements wit dia copiers. Na only you get responsibility to understand di terms and any payment arrangements of any strategy provider wey you choose to copy.
9. Order execution
9.1. Wen we execute orders, we always dey act as principal for transactions wit you. As we dey execute your orders, we get duty to provide best execution for you. Best execution mean say we must take reasonable steps to get di best possible result for you wen we dey execute your order according to your instructions. We go try follow your instructions as far as e reasonably possible, as we dey act according to our duty of best execution. Dis specific instructions include di following:
9.1.1. Di price wey your order go execute for; and
9.1.2. Di timeframe or duration of di contract as your order execution instructions define am.
We always dey follow our best execution obligations and dey act for your best interest; however, sometimes, your specific instructions fit stop us from getting di best possible result.
9.2. Trade confirmation dey happen for real time: once you click “Buy” or “Sell”, your trade don confirm.
9.3. Afta we execute any transaction for your account, we go provide confirmation to you. You go fit see dis confirmation through your account statement or transaction history for di Platform, and e go include relevant details like di transaction identification, di instrument or asset wey you trade (including, wia e apply, di type and quantity of any virtual asset), di price or rate, and di total value of di transaction.
9.4. We go act on any instructions wey you give us, or wey e look like say you give us, concerning margin trading services wey we provide through di Platforms. However, we no get obligation to act on any instructions wey you give us, and we no get obligation to give you any reason why we no go act on dem. Instructions wey you give us na final, and you no fit revoke dem. Na your responsibility to make sure say di instructions wey you give us correct and reflect your trading decisions.
9.5. Our order execution policy include procedures wey dem design to get di best possible execution result for you. To do dis, we dey consider di following factors:
9.5.1. Price and execution terms: We dey consider di price wey transaction concerning your order execute for and di execution terms, wey mostly include spreads.
9.5.2. Speed: Because our business dey online, small delay dey between di time wen person enter an order and wen di server execute dat same order. Any big delay fit affect you negatively; because of dat, we dey monitor di latency between di time wen you enter your order and wen dem execute am.
9.5.3. Likelihood of execution: We dey try make sure say dem execute all orders wey pipo place; however, dis no dey always possible because of serious difficulties or unusual circumstances. Any time we know of any serious difficulty concerning di proper execution of an order, we go inform you about di issue as soon as e reasonably possible.
9.5.4. Likelihood of settlement: Wen markets dey volatile, our Platform dey run across plenty online users wey dey use am at di same time, plenty client orders, and plenty imported price ticks. As part of our best execution policy, we dey try make sure say our platform dey run smoothly under dis kind unstable conditions, and we dey take all reasonable steps to protect di continuity and regularity of our services.
9.5.5. Size and nature of di order: We dey consider di size and nature of your order, because dem fit affect di price, speed, and likelihood of execution and settlement.
9.5.6. Order execution methods: You fit place orders wit us for execution through di following methods:
9.5.6.1. Market Execution: You fit place a "Market Execution" order, and dem go execute am for di first/best available price, or dem go reject di order if no price dey available. Dem go fill di order for di full amount, but dem fit fill am for a price wey better or worse pass di price wey you request. You fit modify a "Market Execution" order to attach a "Stop Loss" and/or "Take Profit" price.
9.5.6.2. Pending Order: You fit place a "Pending Order," wey dem go execute later for di price wey you specify. Wen di price reach di level wey you specify, di Pending Order go automatically become a "Market Execution" order.
9.6. For some trades, fit be say no market or exchange dey function or open where dem dey trade di reference product when you place your order. For such cases, we dey try determine a fair underlying price based on several factors, like price movements for related markets, oda market influences, and information about your order.
9.7. Our commitment to give you best execution no mean say we owe you any fiduciary responsibilities apart from di specific regulatory obligations wey dem place on us or wey you and us don otherwise agree by contract.
9.8. We go regularly monitor how effective our order execution policy dey. From time to time, we go check di venues wey form di basis of our trade pricing, and if we detect say best execution no dey happen consistently, we fit change our execution arrangements.
