Hi so recently I learned that scalping is prohibited on the platform, I realise I should have read the terms more carefully. However prior to learning this, I have opened and closed cfd trades within a 5 minute timeframe on the platform, over 2 months now. I am now wondering if I will be penalised for my previous activity, in forms such as suspending my account. I would like to get a better understanding of this before continuing to use the platform without violating rules. Thanks.
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You should search the forum as there’s other people written advice on this.
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@Zhang With EQs, it’s not an issue. As for CFDs - you can check this post:
Thanks for your reply @David what do you mean by systematic in your previous comment? Also, I think my cfd trades for my first month(Febuary) probably averaged to below 5 minutes, however I have moved away from that style now. It’s just that I would like to know whether my account can just one day be suspended because of my activity prior to today and all my ISA portfolio lost, before I commit more into the platform. Thanks
this is a simulated account. you can’t “test” the response and behaviour of the real money accounts through this. its just there to get you familiar with features and the interface.
what I am saying, is that the majority of what a broker does relies on interaction with external sources and the market at large. the practice account doesn’t do most of these things so you can’t expect to get the same behaviour out of them, due to the low importance of the practice accounts, they very likely do not get equal treatment from the aspect of available server resources. website performance, like mobile app performance also depends on the quality of the device you are using to access it. most of the time I have refresh and latency issues, it’s not a website at fault, but rather my PC is bottlenecked or my internet connection itself is slow. you also can’t compare mobile apps against the website, they are built differently. improving the quality of the practice account has no benefit towards improving the quality of service for people with real money accounts.
I have each of the accounts, but I don’t use my CFD account. I am not saying anything about my account compared to yours.
there is space for improvement on any broker or platform, currently T212 have various things in the works and it will be interesting to see where they go with them.
p.s: not a staff member.
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