Dear Traders;

Based on the data found during the infrastructure surveys suggesting that some traders take position(s) that can be considered an abuse of goodwill;

The plus balance named "BONUS" reflected to a trader's account by a percentage of the investment, which is known as margin support, may be kept on the account(s) of traders based on their request. Trader(s) are forbidden under the Company Policy to hedge their "BONUS" account(s) by performing inverse transactions through different companies/brokers i.e. engage in "Bonus Arbitrage".

For example:

Let's consider we have two accounts: account A and account B (a general illustration).

Starting 1 LOT EURUSD SELL ON ACCOUNT A and 1 LOT EURUSD BUY ON ACCOUNT B is called BONUS ARBITRAGE and prohibited.

Such transactions are monitored and inspected through a sophisticated infrastructure run by "Phase Forex Risk Management Department", and improvements are made accordingly.

Even transactions made by the accounts owned by different persons are regularly matched used an algorithmic transaction strategy, and the accounts with overlapping transactions are blocked.

In case this rule is gotten around by performing transactions through different organizations where it is not possible to take such transactions under control using our sophisticated framework, the "Risk Management Department of Phase Forex" keeps the situation checked, and blocks the relevant account(s) if necessary.

In this article, the Risk Management Department of Phase Forex informs readers about "Bonus Arbitrage".

Phase Forex Ltd.