Terms and Conditions for Alqani Brokers
Welcome to Alqani Brokers. These Terms and Conditions govern your use of our website and services. By accessing our platform or using our services, you agree to comply with these terms.
This document, titled “Terms of Business,” outlines the policies and procedures we follow when executing your trades. It explains the rules for opening and closing positions, maintaining sufficient margin in your account, and trading commodities. In addition to these Terms, our other Operative Agreements contain important trading rules for all account types. Please read each Agreement carefully before trading with us. Capitalized terms are defined in the Client Agreement.
Real-Time Quotes: We continuously recalculate price quotes for all instruments in real-time based on current market conditions and live price feeds from our liquidity providers. You will receive market snapshots of these quotes.
Quote Accuracy: By agreeing to these Terms, you accept that the quotes shown on Alqani Brokers’ platform are accurate and valid.
Quote Variations: Quotes may vary due to differences between demo and live accounts, account types, market conditions, or instrument attributes.
Assumptions When Trading:
The last quote you received may not reflect the current market price.
You may not receive every quote generated between snapshots.
Spreads fluctuate based on market conditions.
In commodity accounts, all orders are executed as market orders.
Quote Synchronization: In case of interruptions or incorrect quote flows due to technical failures, we reserve the right to synchronize the Quotes Database with reliable sources. Disputes will be resolved using the synchronized database.
Spread: The difference between the buy price (Ask) and sell price (Bid) is called the "Spread." Some instruments may have zero spread. Check our Contract Specifications for details.
Ask Price: Used to open a Long Position (buying an instrument expecting price increases) or close a Short Position (selling an instrument expecting price declines).
Bid Price: Used to close a Long Position or open a Short Position.
Variable Spreads: Spreads fluctuate based on market conditions and live price feeds.
Rollover Application: Open positions remaining from 23:59:45 to 23:59:59 (Server time) will have a rollover applied.
Rollover Impact: Your account may be debited or credited due to rollovers.
Leverage Usage: Trade with leverage to increase the value of your trade without additional funds. Note that leverage amplifies both profits and losses.
Leverage Limits: Maximum leverage varies by instrument. Check our website for details.
Leverage Changes: We reserve the right to adjust leverage for open or future positions without prior notice, especially during abnormal market conditions or force majeure events.
Execution Price: We cannot guarantee the execution price will match the displayed quote due to factors like slippage or gapping.
Instruction Submission: Instructions can only be placed through the client terminal.
Order Types: Market Execution or Pending Orders are allowed. In MT5, only pending orders are permitted.
Instruction Steps:
Submit an instruction via the Client Terminal.
The Server verifies and queues the instruction.
The dealer system processes the instruction.
Execution results are sent back to the Client Terminal.
Order Cancellation: You can cancel an order with "Order is accepted" status. Orders in process or placed by Expert Advisors cannot be canceled.
Declining Instructions: We may decline instructions if:
They precede the first quote on market opening.
You exceed the allowed number of instructions or trade volume.
We cannot hedge your trade with liquidity providers.
Account Maintenance Fee: A 2% administrative fee applies to withdrawals if no trading activity occurs on deposited funds.
Instructions: Specify the trade direction (Buy/Sell), instrument, transaction size, and fill policy. Click "Buy by Market" or "Sell by Market" to execute.
Free Margin Check: The Server verifies sufficient free margin before opening a position.
Instructions: Select the instrument, transaction size, and fill policy. Click "Close by" or "Close" to execute.
Partial Execution: Orders may be partially executed if liquidity is insufficient.
Pending Orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Buy Stop Limit, and Sell Stop Limit orders are available.
Stop Loss and Take Profit: Used to close positions at predefined levels.
Order Expiry: Pending orders on 24-hour instruments have "Good Till Canceled" status. Others expire at the end of the trading session.
Prohibited Activities: Engaging in market abuse or violating regulatory rules is strictly prohibited.
Consequences: We may close positions or suspend accounts if market abuse is suspected.
Rebate Structure: IB rebates are generated based on the IB structure. Some instruments may not qualify. Rebates are capped at 35% of the client deposit or $5,000, whichever is lower.
Alqani Brokers is your trusted partner in unlocking the potential of commodity markets.
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