EXECUTION POLICY

INTRODUCTION

We One Markets is a global broker providing online currency trading services. The Company is wholly owned by We One Limited under registration number 40864, regulated by the Vanuatu Financial Services Commission, and incorporated in the Republic of Vanuatu. Our registered address is at ridge International Agency Co Ltd,P.O.Box 955,Lini Highway,Port Vila, Vanuatu.

This Policy summarizes the general basis on which We One Markets (“we”, “us” or “our”) will provide “best execution” when dealing with or for a client. In this respect, the Company established and provides its clients and potential clients with its Order Execution Policy (the “Policy”).

SCOPE AND PURPOSE

This Policy applies when receiving and transmitting Client Orders or executing Client Orders for the Client for all the types of Contracts for Difference (“CDFs”), as applicable, offered by the Company to the Client.

We One Markets acts as the principal in the execution of transactions for our Clients, both professional and retail. This Trading Order Execution Policy will apply when We One Markets executes transactions on behalf of our Clients.

The Policy takes into account external factors beyond the Company's control, such as order size and liquidity of the underlying market. Nonetheless, We One Markets will take all reasonable steps to obtain the best possible trading outcomes for our Clients as permitted by this Policy. We One Markets does not, however, guarantee in any way that our executions will be more favourable than what alternative providers can offer.

BEST EXECUTION FACTORS

The Company shall take all reasonable steps to obtain the best possible results for its Clients taking into account the following factors when executing Orders.

Price

We One Markets actively sources price feeds from some of the world's leading liquidity providers to ensure our Clients are supplied with the best possible price quotes. All trade orders accepted by the Company will be executed strictly at our Clients' requested prices, provided that there are no "slippage" incidents and that the requested prices are still available.

Costs

Opening a position in some types of financial instruments provided by We One Markets might require Clients to pay a commission and/or other fees. These charges are detailed in our Terms of Business.

Speed & Likelihood of Execution

The Company places a significant importance when executing Client’s Orders and strives to offer the fastest possible speed of execution within the limitations of technology and communications links.

Orders will be filled at the requested prices within seconds, under normal circumstances. In some cases, it may not be possible to arrange an order for execution, (including but not limited to poor connection speed, abnormal market volatility, and intentional manipulation of quoted prices or other related data), orders can be declined by We One Markets, especially if requested prices are not reflective of market prices received by the Company.

Internet connectivity issues and price-feed errors can cause prices displayed on the Trading Platform to not reflect market rates. Though latency arbitrage does exist in the over-the-counter market where Clients engage in buy and sell transactions directly with the principal, the Company does not permit the practice of arbitrage on the Trading Platform. We One Markets reserves the right to revoke without prior notice all transactions that rely on loopholes or opportunities arising from price latency arbitrage. Please refer to the Allowed Trading Methods section for more information.

Liquidity

All client orders submitted to We One Markets are subjected to the relative size of the orders, where the minimum order size is 1,000 units of the base currency (there is no maximum order size). However, the Company reserves the right to decline orders should their size exceed our capability to process and execute them in the underlying market(s). Depending on the circumstances, We One Markets can opt to extend liquidity to Clients on a case-to-case basis.

Size of Order

All Orders are placed in monetary values. The Client will be able to place Order (s) as long as he/she has enough balance in his/her trading account.

The Company reserves the right to decline an order as explained in the Terms and Conditions / Agreement entered with the Client.

Aggregation

Clients' orders may, at the discretion of We One Markets, be aggregated with the orders of We One Markets, We One Markets 's associates, and/or other Clients. Orders will only be aggregated when the Company believes that this is unlikely to be unfavourable to any Client. However, We One Markets is exempted from any liability if such aggregation works to any Client's disadvantage under unforeseen circumstances.

BEST EXECUTION CRITERIA

The Company will determine the relative importance of the above factors by using it’s commercial judgement and experience in the light of the information available on the market and taking into account the criteria below:

  • The categorisation as a Retail or Professional client;
  • Any special objectives you may have in relation to the execution of the order;
  • The characteristics of your order;
  • The characteristics of the financial instruments to which your order relates; and
  • The characteristics of the venues (if there is more than one) to which your order may be directed.

ALLOWED TRADING METHODS

We One Markets generally permits all types of trading methods and styles. However, the Company reserves the right to close, suspend or recoup any closed profit without prior notice from accounts that it deems to be engaging in unethical or questionable trading styles, which include but are not limited to latency arbitrage, "flooding" our Trading Servers with pending orders and/or order modification requests, excessive logins, and using certain automated trading systems or Expert Advisors. Under normal circumstances, We One Markets will (but is not obligated to) express our concern in the form of a formal warning to such Clients via e-mail or telephone. However, should they continue to be in breach by failing to remedy the abovementioned unethical or questionable trading styles within a reasonable timeframe, We One Markets reserves the right to liquidate all or some open positions, close, suspend or recoup any closed profit from these accounts, and return any remaining proceeds to the Clients according to the Company's account-closing procedures or any combination thereof.

SLIPPAGE

Whilst We One Markets aims to execute orders at requested prices, price slippages are beyond our control and can occur due to sudden increases in market volatility. Clients are advised to avoid trading during periods of high volatility, such as during news hours.

We would hereby reassure our Clients that slippage is normal and a common feature of the foreign exchange market, which is subject to unpredictable factors like liquidity insufficiency and sentiment volatility due to economic events and major news announcements. We One Markets shall not be held liable for losses suffered on account of slippages.

HEDGING

Hedging allows Clients to hold both buy and sell positions in the same product simultaneously. Clients have the ability to enter the market without choosing a particular direction. While the ability to hedge is an appealing feature, Clients should be aware of the factors that could affect their hedged positions.

It is important to note that even a fully hedged account may suffer losses due to rollover costs, exchange-rate fluctuations and/or widening spreads. Such losses may even trigger a margin call.

MARKET ORDERS

market order is an order to buy or sell a financial instrument at the current price. Execution of this order results in opening a trade position. Financial instruments are bought at ASK price and sold at BID price. Stop Loss and Take Profit orders can be attached to a market order.

All types of orders offered by the company are executed as market orders.

PENDING ORDERS

It is noted that under certain trading conditions it may be impossible to execute these Orders at the Client's requested price. In this case, We One Markets reserves the right to disable without prior notice the pending order function upon major news releases.

CONTRACT EXPIRATION

Energies

The Company's oil and gas products do not carry expiration dates. Thus, We One Markets does not require Clients to provide rollover instructions. However, the underlying assets of the said instruments have expiration and/or delivery dates. The Company will not automatically close Client positions when the underlying assets of the traded instruments are expiring or have expired. Instead, the Company will roll over trading instruments from the price feeds of the expired underlying forward/future contracts to the price feeds of the following forward/future contracts. All open Client positions will be carried forward by the Company.

We One Markets reserves the right to decline opening new positions when rolling over expired underlying assets.

Indices

Index trading instruments offered by We One Markets carry expiration dates. We, however, do not require Clients to provide rollover instructions. The Company reserves the right to close all Client positions at the expiration of the traded instruments, and where possible, re-open the said positions with the same size and type at the opening of the market on the following day.

TRADING TIME ALERT

Currency Pair

We One Markets’s trading hours are from 00:05 to 23:58. Outside of operating hours, i.e. from Friday 23:54 to Monday 00:05, the Trading Platform will not execute trades. Its features will only be available for viewing during this time.

XAUUSD & XAGUSD

We One Markets's trading hours are from 01:00 to 24:00. Outside of operating hours, i.e. from Friday 23:59 to Monday 01:00, the Trading Platform will not execute, close or modify trades.

MONITOR AND REVIEW

We One Markets will regularly monitor the effectiveness of our order execution arrangements and policy to create the most favourable trading outcomes for our Clients. The Company reserves the right to correct any deficiencies in the policy and to make improvements to its execution arrangements as required from time to time.