Terms and Conditions
Welcome to Tradex500, your trusted online trading platform. By accessing and using our services, you agree to the following terms and conditions. These terms are designed to ensure a fair, transparent, and secure trading environment for all users. We highly recommend that you read this document thoroughly before you begin trading on our platform.
Tradex500 is committed to providing a seamless and efficient trading experience, but it is essential to understand that certain practices are strictly prohibited. As a user of Tradex500, you are responsible for adhering to these rules, and any violation may lead to immediate consequences, including suspension or termination of your account, loss of funds, or legal action, if necessary. We also reserve the right to update these Terms and Conditions at any time, and you are expected to stay informed of any changes.
The following Terms and Conditions apply to all users of the Tradex500 platform, and by using our services, you agree to comply with them fully.
Prohibited Practices
The use of Chamka, lines, and insider trading is strictly prohibited. Any involvement in such activities will result in the suspension or deactivation of your account.
Account Misuse
Sharing your account credentials or engaging in unethical practices, including but not limited to using account managers for unauthorized trades, will lead to the suspension of your account and potential blockage of your funds.
Scalping
Trades that generate profits within 3 minutes of execution are considered scalping. Such profits may be removed from your account without notice.
VPN Usage
The use of a VPN while trading on Tradex500 is strictly prohibited. Any trades detected through a VPN will be deleted.
Dividends and Bonuses
Dividends and bonuses will be applied as per the guidelines set by the respective exchange circulars. These are subject to change based on the exchange’s policies.
Cross Orders
Trading from the same IP address or across multiple IDs is not allowed. In such cases, profitable trades may be removed without prior notice.
Negative Balance Protection
Your account is protected against a negative balance up to a 30% step-out level. If the balance exceeds this level, further actions may be taken to rectify the situation.
Order Execution
Orders will be executed based on bid/ask prices, not the Last Traded Price (LTP). Please be aware that the execution might vary based on market conditions.
Technical Issues
In the event of technical issues or glitches, you must report them immediately along with your user ID. This will allow us to take action to square off positions at the current market price (CMP).
Group Trading
Group trading is allowed only with prior approval from Tradex500. Any unapproved group trading activities may lead to account suspension.
Payout Delays
Payouts may be delayed due to banking issues. We appreciate your patience and understanding in such situations.
Margin Maintenance
You are required to ensure that your account maintains sufficient funds to avoid the liquidation of your positions.
Hedging
Hedging is not allowed on the Tradex500 platform. Any attempt to hedge may result in account restrictions.
Invalid Orders
Buy stop or sell stop orders placed without an open position or exceeding existing position quantities are prohibited. These orders will not be processed.
Thank you for choosing Tradex500. We are committed to providing a safe and reliable trading experience. Should you have any questions or require assistance, feel free to contact us.
Best Regards,
The Tradex500Team