The Company is authorised and regulated by the Financial Conduct Authority in the United Kingdom under Firm Registration Number 537787.
The Company provides Internet based services, including (i) brokerage, (ii) software, (iii) investment management and (iv) ancillary services at www.fxstat.com (the “Company’s Website”) under the commercial name “Onetrade”.
The Company operates online trading platforms for trading in financial instruments (the “Trading Platform”). Information regarding the full range of products the Company offers can be found on the Company’s website.
Further information about the Company can be found on the FCA’s website.
Following the implementation of the Markets in Financial Instruments Directive (MiFID) in the European Union and in accordance with section 11.2 of the FCA’s Conduct of Business Sourcebook, the Company is required to provide its clients and potential clients with a summary of its Order Execution Policy (the “Execution Policy”).
The Execution Policy is effective from April 2014 and applies to both Retail and Professional Clients.
This Execution Policy applies when executing transactions with the Client for the Financial Instruments provided by the Company. It is the Company’s discretion to decide which types of Financial Instruments to make available and to publish the prices at which these can be traded. The Company, through the Trading Platform, provides the Client with live streaming prices, “Quotes”, as received from its third party liquidity providers. The Company is always the counterparty (or principal) to every trade; therefore if the Client decides to open a position in a Financial Instrument with the Company, then that open position can only be closed with the Company.
8. NO FIDUCIARY DUTY
The Company provides the Client with access to the Trading Platform and are not acting in any other capacity including as an agent or as a fiduciary.
The Company’s commitment to provide the Client with “best execution” does not mean that the Company owes the Client any fiduciary responsibilities over and above the specific regulatory obligations placed upon the Company or as may be otherwise contracted between the Company and the Client.
9. SPECIFIC INSTRUCTIONS
If you provide us with a specific instruction to deal for you it may prevent us from following our Order Execution Policy, which is designed to get the best overall result for the execution of orders on a consistent basis.
This policy will be reviewed whenever a material event occurs and in any event annually
MONITORS AND REVIEW
The Company will monitor and assess on a regular basis the effectiveness of this Execution Policy and the order of its order execution arrangements and, in particular, the execution quality of the procedures explained in the Execution Policy in order to deliver the best possible result for the client, and, where appropriate, the Company reserves the right to correct any deficiencies in this Execution Policy and make improvements to its execution arrangements.
When establishing a business relationship with the Client, the Company is required to obtain the Client’s prior consent to this Execution Policy.
By entering into the Client Agreement, the Client provides the consents
referred to above where the Client is informed that any orders placed with the Company for the Financial Instruments offered by the Company, the Company acts as the principal and as the sole Execution Venue
7. IMPORTANT INFORMATION
Some products offered by the Company may not be eligible for sale in certain jurisdictions or countries. The Execution Policy is not directed to any jurisdiction or country where its publication, availability or distribution would be contrary to local laws or regulations, including the United States of America. The Policy does not constitute an offer, invitation or solicitation to buy or sell CFDs. It may not be reproduced or disclosed (in whole or in part) to any other person without prior written permission of the Company’s Compliance Department. The Policy is not intended to constitute the sole basis for the evaluation of the client’s decision to trade in Contracts for