Internet Trading Risks
There are risks associated with utilizing an internet-based deal-execution trading system, including hardware, software, and internet connection failure. Since Elite FX does not control signal power, its reception or routing via the internet, your equipments configuration, or its connections reliability, we cannot be responsible for communication failures, distortions, or delays when trading via the internet. To try and maximize your enjoyment and use of Elite FXs service, Elite FX employs backup systems and contingency plans to minimize the possibility of system disruption or failure.

Liquidity
The first few hours after opening tend to be thinner than usual until the Tokyo and London market sessions begin. These thinner markets may result in wider spreads, with fewer buyers and sellers. This is mainly due to the fact that for the first few hours after the opening, it is still the weekend in most of the world. There can be various other reasons besides the one stated for thinner liquidity. In illiquid markets, traders may need help to enter or exit positions at their requested price, experience delays in execution, and receive a price at execution that is a significant number of pips away from your requested rate.

Delays In Execution
A delay in execution may occur for various reasons, such as technical issues with the traders internet connection to Elite FXs STP, a delay in the order confirmation from a liquidity provider, or a lack of available liquidity for the currency pair that the trader is attempting to trade. Due to inherent market volatility, traders must have a working and reliable internet connection. There are circumstances when the traders internet connection may not maintain a constant connection with the Elite FX servers due to a lack of signal strength from a wireless or dial-up connection.

Volume
When the underlying market is very active, the volume of trade/orders entering the online trading platform increases tremendously, which affects the speed of execution. In these circumstances, it may also take longer for a trader to receive an order confirmation.

Fast Markets
A fast market is a high-volume trading session marked by extreme price fluctuations and order imbalances resulting from numerous investors simultaneously entering buy or sell orders for the same currency. Because of these imbalances, wide price variances in short periods are common. On any given day, fast markets can affect a particular currency, groups of currencies, or the market as a whole. Fast markets can be caused by material news announcements, market developments, and even trading halts in less volatile currencies or other securities. The ability to execute orders in fast market conditions may be severely limited, and order execution may be delayed significantly. Furthermore, market orders entered in fast market conditions may be executed at prices significantly different from those quoted when the orders were entered.

Gapping
Sundays opening prices may or may not be the same as Fridays closing prices. At times, the prices on the Sunday openings are near where the prices were on Fridays closing. At other times, there may be a significant difference between Fridays close prices and Sundays opening prices. The market may gap if there is an important news announcement or an economic event changing how the market views the value of a currency. Traders holding Positions or orders over the weekend should be entirely comfortable with the potential of the need to gap.

Weekend Risk
Traders who fear that the markets may be extremely volatile over the weekend, that gapping may occur, or that the potential for weekend risk is inappropriate for their trading style may close out orders and positions ahead of the weekend. Traders who hold open positions over the weekend must understand that the potential exists for major economic events and news announcements to affect the value of underlying positions. Given the volatility expressed in the markets, it is not uncommon for prices to be a number of pips away on the market open from market close. We encourage all traders to consider this before making a trading decision.

Rollover/Swap Rates
Rollover is the simultaneous closing and opening of a position at a particular point during the day to avoid settling and delivering the purchased currency. This term also refers to the interest either charged or applied to a traders account for positions held overnight, meaning after 5 p.m. ET on trading Platforms. The time at which positions are closed and reopened and the rollover fee is debited or credited is commonly referred to as Trade Rollover (TRO). It is important to note that rollover charges will be higher than rollover accruals. When all positions are hedged in an account, although the overall net position may be flat, the account can still sustain losses due to the spread that occurs at the time rollover occurs. Spreads during rollover may be wider than other periods because liquidity providers are momentarily coming offline to settle the days transactions.

Margin Call Policy
Please note that Elite FX does not warn clients about margin calls before liquidating open positions. Margin calls are triggered when your usable Margin reaches zero. This occurs when your floating losses reduce your account equity to a level that is less than or equal to your margin requirement. Therefore, the result of any margin call is subsequent liquidation unless otherwise specified. Your trading platform generates a margin call when your account value is equal to or less than a certain percentage of the Minimum Margin Requirement. We advise all clients and traders to adhere to margin requirements when trading strictly. The customer must maintain minimum Margin Requirements on Open Positions at all times. Any or all open positions are subject to liquidation by Elite FX should the Minimum Margin Requirement fail to be maintained. Margin requirements may change at any time. Elite FX will do its best to inform the client about any projected changes by email and via the trading platforms message system at least a week before changes go into effect. The placing of Stop Loss Orders, used to minimize losses, is the clients responsibility.

Reset Orders
Market volatility creates conditions that make it difficult to execute orders at the given price due to an extremely high volume of orders. By the time orders can be executed, the bid/ask price at which a counterparty is willing to take a position may be several pips away.

Limit/Stop Orders
All limit/stop orders, such as stop loss/buy limit/buy stop/sell limit, are executed as market orders. Its not guaranteed that your limit/stop orders will execute at a price set by you. Though Elite FX ensures that all orders are executed at your quoted price, you may experience slippage of a few pips under mili-sub seconds due to increased volatility in the market. Elite FX still executes your order in less than 200 mili sub-seconds in such volatile conditions.

Hanging Orders
All limit/stop orders, such as stop loss/buy limit/buy stop/sell limit, are executed as market orders. Its not guaranteed that your limit/stop orders will execute at a price set by you. Though Elite FX ensures that all orders are executed at your quoted price, you may experience slippage of a few pips under mili-sub seconds due to increased volatility in the market. Elite FX still executes your order in less than 200 mili sub-seconds in such volatile conditions. During periods of high volume, hanging orders may occur. This is a condition where an order is in the process of execution, but the execution still needs to be confirmed. The order will be highlighted in red, and the status column will indicate executed or processing in the orders window. In these instances, the order is in the process of being executed but is pending until Elite FX receives confirmation from the liquidity provider that the quoted prices are still available. During periods of heavy trading volume, a queue of orders may form. That increase in incoming orders may sometimes create conditions where there is a delay from the liquidity providers in confirming certain orders. Depending on the type of order placed, outcomes may vary. In the case of a Market Range order that cannot be filled within the specified range, or if the delay has passed, the order will not be executed. In the case of an At Market order, every attempt will be made to fill the order at the next available price in the market. In both situations, the status column in the orders window will typically indicate executed or processing. The trade will take a few moments to move to the open positions window. Depending upon the order type, the position may have been executed, and the delay is simply due to heavy internet traffic.

Greyed Out Pricing
Greyed-out pricing is a condition that occurs when forex liquidity providers that supply pricing to Elite FX Pro are not actively making a market for particular currency pairs, and liquidity therefore decreases. Elite FX does not intentionally grey out prices; however, at times, a severe increase in the spread may occur due to a loss of connectivity with a liquidity provider or an announcement that has a dramatic effect on the market that limits liquidity. Such greying out of prices or increased spreads may result in margin calls on a clients account.

Hedging
The ability to hedge allows a trader to simultaneously hold both buy and sell positions in the same currency pair. Traders can enter the market without choosing a particular direction for a currency pair. Although hedging may mitigate or limit future losses, it does not prevent the account from being subjected to further losses altogether. In the forex market, a trader can hedge fully by quantity but not by price. This is because of the difference between the buy and sells prices or the spread. Elite FXs margin requirement is zero, while a trader is fully hedged. When one leg of the hedged position is closed, the remaining open exposure will be subject to the normal margin requirement for the specified pair. This can be monitored at all times in the simple dealing rates window. While the ability to hedge is appealing, traders should be aware of the following factors that may affect hedged positions.

Diminishing Margin
A margin call may occur even when an account is fully hedged since spreads may widen, causing the remaining Margin in the account to diminish. Should the remaining Margin be insufficient to maintain any open positions, the account may sustain a margin call, closing out any open positions in the account. Although maintaining a long and short position