At easyMarkets, you can’t do anything at all. Therefore, there are some prohibited actions, so please refrain from doing the following.
easyMarkets does not prohibit double denominations. However, arbitrage is prohibited. Arbitrage is considered by easyMarkets to be an act of abusing the trading service, and if discovered, it may result in some kind of penalty or account freezing.
Trades that put a load on the server
Trading that places a load on the server is prohibited. There are many traders trading on the same server. For example, if you make a huge number of trades in a very short period of time, it will inevitably put a heavy load on the server. This is prohibited.
Takeover of another user’s account
It is a crime to take over another user’s account and steal their funds. Therefore, users who commit such acts will definitely have their accounts frozen. Today’s FX brokers have strong security measures, but incidents like this often occur.
Holding multiple accounts
You cannot hold multiple easyMarkets accounts at the same time. No more than one account can be opened per person. Additional accounts cannot be opened.
easyMarkets does not allow copy trading. Copy trading is a method that imitates the entry and exit procedures of experienced traders. easyMarkets only allows automatic trading or discretionary trading on your own.
Both buildings are OK
easyMarkets does not prohibit double denominations. The ability to trade in both positions allows traders to have a wider range of trading strategies. Bilateral trading refers to holding a “buy position” and “sell position” for the same currency pair at the same time. By holding them at the same time, no matter which direction the price moves, it will be plus or minus zero. Generally speaking, you should cut your losses quickly and hold the other profitable one for a long time.
Scalping is also OK
easyMarkets also allows scalping. Scalping is a trade in which the time from entry to exit is only a few seconds, and traders concentrate on the short term and fight to make profits. There are many FX brokers that prohibit scalping, but easyMarkets allows it, so it’s okay to do it openly.
Automatic trading is OK
Automated trading is allowed. Automated trading, as the name suggests, does not require a human to enter the trade, and the trade is left to the AI. However, since there is no thinking involved in automatic trading, there are many people who lose a lot of money and lose all their money, so I cannot recommend it.
Violation cases and solutions
If you violate the above prohibitions, your account may be frozen. If your account is frozen, you will not be able to deposit or withdraw money. There is nothing more the user can do in this case. Instead, you will need to negotiate with the support center. Whether it can be canceled depends on negotiation. If you cannot cancel, you will not be able to withdraw from your existing account, so give up and use another broker.