Forbidden Trading Practices

Forbidden trading practices

When trading on any Orion account, you must not:

• Exploit platform errors: knowingly or unknowingly use strategies that take advantage of price display errors, delayed price updates, or slow or external data feeds
• Coordinate manipulative trades: perform trades alone or with others, including across connected accounts or accounts held with other providers, for manipulative purposes, such as simultaneously holding opposite positions across different accounts (holding opposing positions within a single account is permitted)
• Trade in conflict with Orion's Terms & Conditions: or in conflict with the terms and conditions of the trading platform you use
• Use abusive software: use any software, AI, ultra-high-speed tools, or mass data entry systems that manipulate, abuse, or give an unfair advantage
• Gap trade: open trades specifically to exploit price gaps in either of the following situations: (a) when major global news, macroeconomic events, or earnings releases are scheduled that may affect the relevant market; or (b) within 2 hours of a relevant market closing for at least 2 hours
• Trade in ways that can't be replicated on a live account: this includes overleveraging, overexposure, one-sided bets, and account rolling
• Overload the server with automation: EAs or robots that generate more than 2,000 server requests per day (orders opened, modified, or closed) are not permitted
• Circumvent the Best Day Rule: strategies that artificially distribute profit across multiple days without proportionally distributing market risk

Risk management rules

Your trading needs to reflect how a reasonable person would manage risk on a real account. The following are not considered standard market risk management:

• Opening position sizes that are substantially larger than your other trades
• Opening substantially more or fewer positions than your normal pattern
• Repeatedly increasing risk per trade in ways that build cumulative exposure in a single symbol or correlated symbols

Personal use rules

• You must not allow any third party to access or trade on your account
• You must not access or trade on another person's Orion account on their behalf
• If you are a legal entity, access is limited to members of top management only