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Execution Policy

Overview of Best Execution Requirement:

The services provided on the Website are managed by MEG CAPITAL, a company incorporated in Mauritius with company number C199028 and a registered office at 20, EDITH CAVELL STREET, LEVEL 6 KEN LEE BUILDING, PORT LOUIS, MAURITIUS. We are committed to acting in the best interests of our clients. When we execute or arrange the execution of orders, we are obligated to take all reasonable steps to achieve the best possible result for our clients, a practice known as delivering ‘best execution.’ To fulfill this obligation, we establish and implement an order execution policy and related procedures.

Our internal policies and procedures are continuously reviewed to ensure the highest level of service for our clients. Therefore, these policies may be subject to revisions at any time without prior notice.

Execution Venues:

We operate as the execution venue when dealing with clients, acting as principal rather than agent. This means that clients transact directly with us, and their trades are non-transferable. Any positions opened with us must be closed with us as well.

Execution Factors:

To achieve best execution, we consider the following factors:

1. Price: While we strive to act in the best interests of our clients, we cannot guarantee that our trade execution prices will be better than those elsewhere. Prices for Currency products are sourced from independent third-party providers who supply liquidity to the OTC Currency market.

2. Cost: We apply a mark-up to the prices from our liquidity providers, and our published prices include this mark-up as our income. The closing price of the relevant currency is used for margin requirements and balance credits/debits.

3. Speed and Likelihood of Execution: Execution of trades may occur on our platform or through other means like telephone. Please note that trade execution is subject to liquidity, market conditions, software, hardware, and telecom/data line use. As such, we cannot guarantee instantaneous execution and uninterrupted service.

4. Quantity: We set minimum and maximum trade quantities, which are influenced by market conditions and firm policy and may change from time to time.

Execution Criteria:

When arranging a transaction or executing a client order, we consider the following criteria to determine the relative importance of the execution factors mentioned above:

Dealing with Client Orders:

Client orders will be executed at or near our price, subject to prevailing market conditions. It’s essential to note that the price clients receive at execution is not guaranteed due to market fluctuations, volatility, or gaps. There is no assurance that a client’s order will be executed.

Specific Instructions:

If clients have specific requirements for how we should handle their orders, they must inform us accordingly. However, clients should be aware that when they provide specific instructions that deviate from our normal order execution policies and procedures, their instructions will take precedence. In such cases, the outcome may differ from what would have been achieved by following our regular policies, and we will not be required to deliver best execution for the aspects covered by their specific instructions.

Our Duty of Best Execution:

When executing orders for Currency, Bullion, or other OTC financial derivative products, we will take all reasonable steps to achieve the best possible outcome, considering our Execution Policy and any specific instructions from clients. However, it’s important to acknowledge that our policy does not guarantee that the price at which clients execute an order will always be better than prices available elsewhere.

Achieving 'Best Execution':

To achieve the best possible result, we consider various factors, such as price, costs, speed of execution, likelihood of execution and settlement, order size, and other relevant factors. While our own commercial experience and judgment play a role in determining the relative importance of these factors, we prioritize prices as the most crucial factor in obtaining the best possible result.

Policy Review and Updates:

We regularly review this policy and monitor external pricing sources. Any material updates to this policy will be promptly posted on the website, along with a general notice informing our customers of the changes. By accessing the website, you agree that the posting of a revised policy electronically constitutes actual notice to you.

Risk Disclosure

Warning: Demo Platform

Our demo platform allows you to familiarize yourself with our trading systems using virtual funds. Please be aware that any gains or losses incurred while trading in the demo environment do not necessarily reflect the results you might achieve when trading on a live platform. The access to the demo platform is valid for 30 days and will be automatically terminated thereafter. Once your account is opened and funded, you can transition to live trading.

Warning: Internet Trading Risks

Using an internet trading system involves certain risks, including, but not limited to, hardware or software errors, internet connection issues, or any force majeure events (such as floods, extreme weather conditions, earthquakes, acts of God, fires, wars, insurrections, riots, labor disputes, accidents, government actions, communication or power failures, or equipment or software malfunctions). Please note that MEG Capital and its affiliates (‘we,’ ‘our,’ or ‘us’) cannot control the signal power, its reception, or routing via the internet, nor can we guarantee the configuration and reliability of your equipment or its connection. While we make every effort to minimize the possibility of system failures, we cannot be held responsible for any communication failure, distortion, or delay. If you encounter difficulties accessing your account, please contact us immediately, and we will execute your orders over the phone. For security purposes, you will need to go through our identification process before we can proceed with any orders from you. Failure to verify your identity may result in the inability to execute your orders.

Warning: Risks of Margin Trading

Trading in currency and bullion, particularly margin trading, offers the potential for profit but also entails the risk of substantial loss, which may exceed the amount of money you commit to any trade or transaction. The price movements of currency or bullion rates are influenced by various global factors, many of which are unpredictable. Extreme fluctuations in foreign exchange or bullion rates may trigger market actions, and you may face challenges in settling adverse trades. Our staff cannot guarantee the accuracy of any market predictions (if provided) and cannot assure you of a maximum loss that you may incur.

General Advice Warning

Any general advice provided by us, our website, or our trading platform does not consider your financial situation, personal objectives, or needs. Trading CFDs and currencies may not be suitable for everyone. We strongly recommend practicing risk-free on a demo account before investing any funds. You should carefully assess your objectives, financial situation, and needs and thoroughly understand the potential outcomes of trades and strategies that can be employed.

Copyright

All materials on the website (the “Site”), unless otherwise noted, are our copyrighted property with all rights reserved. You are not allowed to reproduce or transmit any part of the materials on this Site, including text, graphics, and HTML code, in any form or by any means without our prior written permission.

Your Use of the Site

You may download materials from this Site for personal, non-commercial use only, provided that the intellectual property rights and other proprietary notices remain unchanged and visible. No right or interest in any downloaded materials is transferred to you through such downloading. You agree not to copy, modify, display, distribute, sell, or transmit any material on the Site without our prior written permission. Moreover, you shall not use the Site for any purpose that violates these terms and conditions or any applicable laws.

Appropriateness Warning

The information provided in your MEG Capital account application indicates one or more of the following:

You have less than six months of prior experience in self-trading margined CFD and Currency products.
Your annual income is less than $25,000.00 USD (or currency equivalent).
Your liquid net worth is less than $10,000 USD (or currency equivalent).
You are either under 21 or over 65 years old.

We must inform you that trading in CFD/Currency may not be appropriate for you. Such trading involves a high degree of risk and could lead to losses exceeding your initial deposit. Please note that MEG Capital provides an execution-only service, and you will need to rely on your own skill and judgment when trading these markets.

By opening an account with us, we assume that you have read, understood, and accepted this warning, and you acknowledge that one or more of the below statements apply to you.

Attitude to Risk and Investment Objectives:

Investing Experience and Expertise:

Conflicts Policy

Introduction

As a financial institution, MEG Capital (hereafter “MEGC”) acknowledges that actual and potential conflicts of interest may arise from time to time. To protect the interests of our customers, we take proactive measures to identify, prevent, and manage conflicts of interest effectively. This statement aims to disclose the conflicts of interest that you, as an existing or potential customer, may encounter when conducting business with MEGC. Additionally, it outlines the laws and regulations governing conflicts of interest that MEGC must adhere to, along with the policy we adopt to mitigate and address such conflicts.

Laws and Regulations

Conflicts of interest are inherent in the financial services industry, and the Code of Business Conduct issued by the Mauritius Financial Services Commission recognizes the importance of treating customers fairly in situations involving conflicts of interest. As a registered company in Mauritius, MEGC is obliged to manage conflicts of interest to safeguard our customers’ interests.

Identification and Examples of Conflicts

Conflicts of interest may arise due to various factors, including employees’ superior knowledge and the array of products offered. Such conflicts can occur between MEGC and a customer or between two customers.

Potential conflicts of interest may arise when MEGC or a relevant person:

Stands to gain financially or avoid losses at the customer's expense.
Has an interest in the outcome of a service or transaction that differs from the customer's interest in that outcome.
Receives financial or other incentives to prioritize the interests of other customers over those of the current customer.
Engages in the same business as the customer.
Receives or anticipates receiving inducements, other than standard commissions or fees, from someone other than the customer related to a provided service.

MEG Capital Policy

In compliance with legal requirements, MEGC maintains an effective conflict of interest policy aimed at preventing material risks of damage to customers’ interests. We keep meticulous records of our business activities to identify and address potential conflicts. Our policy encompasses procedures and measures for managing and controlling identified conflicts, including:

Segregation of duties and responsibilities.
Separate supervision of relevant personnel.
Personal Account Trading policy.
Gifts and Inducement policy.
Prevention and control of information exchange.
Acting in the best interests of customers.
In certain cases, declining to act for a customer or potential customer.

MEGC Global Policy

As mandated by applicable law, MEGC enforces a comprehensive global conflict of interest policy to prevent material risks of damage to our customers’ interests. We diligently record our business activities to identify any conflicts and take appropriate measures to manage and control them. Our policy includes:

Segregation of duties and responsibilities.
Separate supervision of relevant personnel.
Personal Account Trading policy.
Gifts and Inducement policy.
Prevention and control of information exchange.
Acting in the best interests of customers.
In certain cases, declining to act for a customer or potential customer.

Disclosure

While MEGC is committed to implementing and maintaining our conflicts of interest policy, there may be instances where the policy may not fully mitigate risks to a customer’s interests. In such cases, MEGC will disclose the general nature and sources of conflicts of interest to the customer, allowing them to make informed decisions regarding specific transactions.

Review

MEGC continually strives to expand our services and product offerings to meet customer demands. As part of our commitment to compliance, we regularly review and assess our conflicts of interest policy to ensure its adequacy and alignment with applicable laws.

Scalping Policy

Scalping, as a trading practice, is deemed unacceptable and qualifies as a form of market abuse. It involves seeking profits by exploiting internet latencies, delayed prices, off-market or unfavourable prices, or executing a high volume of transactions targeting small price fluctuations rather than significant price movements.

At MEG Capital, we strictly prohibit engaging in scalping activities. If we determine, at our sole discretion, that you have participated in scalping, it will be regarded as a breach of our Terms and Conditions. Consequently, we retain the right to take the following actions:

Make immediate adjustments to your account, including modifications to the liquidity provided and the quoted spreads.
Terminate your account and revoke your access to our servers without delay.
Void any trade that is found to be part of any scalping activity (i.e., treating the trade as if it had never occurred).
Close any trade related to scalping activities based on the prevailing market price.

These rights can be exercised even if you have engaged in such practices with third parties in connection with the relevant trade. Furthermore, this applies regardless of whether you may incur trading losses as a consequence.

Please be aware that we closely monitor all trading activity, and in the event that scalping is identified, we reserve the right to promptly close your account.

Privacy Notice

At MEGC, we place the utmost importance on protecting your privacy and safeguarding your personal data. As part of our commitment to respecting your privacy rights, we collect and handle your personal information with utmost care, ensuring it remains confidential and secure.

Data Controller

This Privacy Notice applies to the data processing activities carried out by MEG Capital, acting as the Data Controller for your personal information. MEG Capital is registered in the Republic of Mauritius, with company number C199028, located at 20, EDITH CAVELL STREET, LEVEL 6 KEN LEE BUILDING, PORT LOUIS, Republic of Mauritius.

If you have any questions regarding this notice or wish to exercise your rights concerning your personal information, please reach out to us through the following means:

Type of Personal Data We Collect and How We Collect It

The data we collect depends on your interactions with us, the products and services you use or intend to use, and the choices you make. The personal data we may collect about you includes:

Name and contact data: Full name, email address, postal address, phone number, and similar contact details.
Demographic data: Date and place of birth, gender, country, and preferred language.
Location data: Imprudent location data (e.g., derived from IP address) for certain products and services.
Profession and employment details: Employment information and source of income.
Government-issued photographic identification: Copies of passports, national ID cards, driving licenses, and other acceptable forms of identification.
Financial and tax information: Income, assets, liabilities, account balances, trading and financial statements, bank details, tax identification numbers, and other relevant identification numbers.
Trading information: Records of your traded products and their performance.
Credentials: Passwords, password hints, and similar security information for authentication and account access.
Content: Content of telephone conversations, electronic communications, files, and messages exchanged between us in the course of placing and/or closing trades or orders, customer support, or other purposes.

You may provide this data directly to us when applying for an account, signing up for a demo, filling contact forms, seeking information about our products, or through customer service correspondence.

Additionally, we may collect personal information through IB referral schemes or from publicly available sources. Data may also be collected through your use of our website and the use of cookies and tracking technologies.

How We Use Your Personal Information

MEG Capital uses the data we collect for the following purposes:

Essential business operations and providing products and services you request.
Account administration and record-keeping.
Anti-money laundering and international terrorist financing checks to meet legal obligations and prevent fraud and other forms of crime.
Analysis, monitoring, and reporting for business performance and regulatory requirements.
Communication and personalization of communications with you, including marketing and promotional communications, subject to your consent or our legitimate interests.
Ensuring compliance with contractual obligations, legal requirements, and public interest purposes.

Disclosure of Personal Information

Your personal data is treated as strictly confidential. We may share your personal information with:

We may also disclose personal data to courts, law enforcement agencies, government bodies, and competent authorities as required by law or to comply with legal obligations or respond to valid legal processes.

Security of Personal Data

MEG Capital is committed to safeguarding the security of your personal data. We employ various security technologies and procedures to prevent unauthorized access, use, or disclosure. Confidential data is stored in controlled facilities with limited access. Highly sensitive data transmitted electronically is protected through encryption.

Retention Period

We retain personal data as long as necessary for the provision of products and services, fulfilling legal and regulatory obligations, and meeting additional legal requirements. Actual retention periods may vary based on data types and specific legal requirements.

Data Subject Rights

As a data subject, you have the following rights in relation to your personal information. These rights allow you to exercise control over how your data is processed and ensure that your privacy preferences are respected:

1. Right to Information: You have the right to be informed about the data processing activities carried out by MEG Capital. This Privacy Notice serves as comprehensive sources of information regarding how we collect, use, and handle your personal data.

2. Right to Access: You have the right to request access to the personal information we hold about you. Upon such a request, we will provide you with a copy of your data, allowing you to verify its accuracy and how it is being used.

3. Right to Rectification: If you believe that any of your personal information is inaccurate or incomplete, you have the right to request its rectification. We will promptly update your data to ensure its accuracy.

4. Right to Erasure: In certain circumstances, you can request the erasure of your personal information. However, please note that this right is subject to any retention limits prescribed by applicable laws and regulations.

5. Right to Restrict Processing: You have the right to request the restriction of processing your personal information. This means we will temporarily suspend the processing of your data, usually in situations where its accuracy or the lawfulness of processing is under review.

6. Right to Data Portability: In specific circumstances, you have the right to receive your personal information in a structured, commonly used, and machine-readable format. You can also request the transmission of your data to another data controller, where technically feasible.

7. Right to Object: You have the right to object to the processing of your personal information based on legitimate interests pursued by MEG Capital. We will cease processing unless we demonstrate compelling legitimate grounds that override your interests, rights, and freedoms.

Opt-Out of Promotional Communications

Additionally, you have the option to control your marketing preferences and communication from MEG Capital. You can choose whether you wish to receive promotional emails or telephone calls from us. If you wish to unsubscribe from marketing emails, you can do so at any time by clicking on the “unsubscribe” link at the bottom of the latest email you received from us.

Please note that while we respect your choices, certain non-promotional communications, such as transactional and service-related emails, may still be necessary even if you opt-out of marketing communications.

If you have any queries or wish to exercise any of your data subject rights, including managing your marketing preferences, please feel free to contact our support team using the provided contact details in this Privacy Notice. We will promptly address your requests and ensure compliance with applicable data protection laws and regulations.

Right to Lodge a Complaint

If you have concerns or complaints about our privacy practices, please contact us via email at support@megcapitalfx.com, and we will promptly investigate the matter.

Anti-Money Laundering and Counter-Terrorism

1. Overview

This Anti-Money Laundering and Counter-Terrorism Policy is a comprehensive guideline for MEG Capital (“MEGC” or the “Company”) to ensure strict adherence to all relevant laws and regulations governing the prevention of money laundering and terrorist financing activities. The policy encompasses various legislations, including but not limited to the Financial Services Act 2007, Code On The Prevention Of Money Laundering & Terrorist Financing 2012, Financial Intelligence and Anti-Money Laundering Act 2002, Securities Act 2005, and other applicable laws of Mauritius.

MEGC recognizes the critical importance of combating money laundering and terrorist financing and endeavors to prevent, detect, and report suspicious activities. The Company places significant emphasis on a robust Anti-Money Laundering (AML) program, backed by appropriate policies, procedures, and training, to maintain its integrity and ensure compliance with all relevant AML/CFT laws and regulations.

2. Definitions

Transaction refers to any deposit, withdrawal, exchange, or transfer of funds.
Money laundering involves the conversion of illicit proceeds into legitimate funds, obscuring their origins and making them appear lawful. Money laundering occurs in three stages: "placement," where cash is introduced into the financial system; "layering," involving complex transactions to distance the funds from their criminal source; and "integration," where the laundered funds are reintroduced into the economy.
Terrorist financing is the provision or collection of funds to support terrorist activities. Unlike money laundering, terrorist financing may involve legitimate funds that are concealed to support terrorist actions.

3. Risk-Based Approach

MEGC adopts a risk-based approach to combat money laundering and terrorist financing effectively. The risk-based approach enables the Company to identify, assess, and mitigate risks associated with its clients, products, services, and geographic locations. By focusing resources on higher-risk areas, MEGC ensures more effective and efficient compliance, minimizes costs, and promptly adapts to evolving threats in the financial environment.

The risk-based approach includes ongoing monitoring of client activities to detect any unusual or suspicious transactions. The Company remains committed to constantly updating its risk assessments to stay proactive in combating money laundering and terrorist financing.

4. Anti-Money Laundering Reporting Officer

MEGC designates an Anti-Money Laundering Reporting Officer (MLRO) who possesses extensive experience, knowledge, and training in AML/CFT matters. The MLRO is responsible for overseeing the Company’s AML/CFT program, ensuring compliance with internal policies and procedures, as well as relevant laws and regulations. The MLRO also reports to the Board or relevant committee about any material breaches of the AML/CFT policy and procedures.

The duties of the MLRO encompass monitoring the Company’s compliance with AML/CFT obligations, providing AML/CFT training to employees, maintaining accurate AML records, and submitting Suspicious Transaction Reports (STRs) as required.

5. Suspicious Transaction Reports (STRs)

MEGC maintains strict confidentiality regarding internal STRs, which are exclusively disclosed to the MLRO. The MLRO enjoys immunity from civil, criminal, or disciplinary action for providing information in good faith. To comply with legal requirements, all STR records are retained for a minimum of seven years.

Employees are strictly prohibited from disclosing STR information to anyone outside law enforcement or other competent authorities. Furthermore, employees must not inform customers under investigation to prevent potential tipping-off offenses.

6. Customer Due Diligence (CDD)

Effective Customer Due Diligence (CDD) measures are essential in managing money laundering and terrorist financing risks. MEGC diligently collects essential identification information from customers and verifies their identity based on risk-based procedures. CDD is conducted both during the establishment of a business relationship and on an ongoing basis for existing clients.

MEGC reserves the right to decline establishing or continuing a business relationship with customers who either refuse to provide requisite information or furnish misleading details. The Company continuously monitors the accuracy and relevance of customer information and maintains meticulous records of CDD procedures.

7. Enhanced Due Diligence (EDD)

In high-risk situations, MEGC applies Enhanced Due Diligence (EDD) measures to obtain additional information about the source of funds or wealth and to conduct more rigorous and frequent ongoing monitoring. EDD is applied to Politically Exposed Persons (PEPs) and customers from countries with insufficient AML/CFT systems.

MEGC takes a risk-based approach to identify circumstances warranting EDD. Examples include complex and unusually large transactions with no apparent economic or lawful purpose. Enhanced measures help detect and prevent potential money laundering and terrorist financing activities.

8. Politically Exposed Person (PEP)

PEPs include individuals who hold or have held prominent public functions, such as government heads, senior politicians, judicial or military officials, and important political party officials, including their family members or close associates. To manage the risks associated with PEPs, MEGC conducts rigorous risk assessments and applies EDD as appropriate.

The Company diligently reviews public information, including databases and the internet, to identify potential PEP accounts. Enhanced measures include verification of the source of funds/wealth and ongoing monitoring to promptly identify any suspicious activity.

9. Monitoring Accounts for Suspicious Transactions

MEGC diligently monitors account activities to detect unusual patterns, sizes, volumes, or types of transactions, as well as other “red flags” indicative of potential money laundering or terrorist financing. The MLRO conducts meticulous reviews of flagged accounts and initiates further investigations as required.

When a red flag is detected, appropriate actions are taken, such as filing STRs or implementing risk-based measures, to prevent and report suspicious activities promptly. Employees are trained to respond promptly to red flags and to report any suspicious transactions to the MLRO.

10. Record Keeping

MEGC maintains meticulous records of funds transfers, including the execution date of the transmittal order, recipient’s name and address, transmittal order amount, recipient’s financial institution, and account number. All AML records, STRs, and supporting documentation are treated with the utmost confidentiality and disclosed exclusively to law enforcement or competent authorities as required.

MEGC emphasizes the utmost importance of AML/CFT awareness and training for all employees. The Company remains unwavering in its commitment to maintaining a robust AML/CFT program to combat money laundering and terrorist financing effectively, safeguard its integrity, and uphold regulatory compliance.

Negative Balance Protection Policy

Terms and Conditions

Introduction

1. 1. The services on the Website are provided and managed by MEG CAPITAL, a company incorporated in Mauritius and the company number C199028 and a registered office at 20, EDITH CAVELL STREET, LEVEL 6 KEN LEE BUILDING, PORT LOUIS, MAURITIUS (hereinafter the “Company” or “MEGC”).

2. The negative balance protection policy (hereinafter the “Negative Balance Protection Policy” or “NBPP”) offered by MEGC will be available to Eligible Clients only subject to the terms listed hereinafter (known as “Terms and Conditions”).

Conditions of Eligibility

1. Subject to, and without prejudice to, the Client Agreement and all other business terms and policies, the NBPP is available to MEGC clients who have satisfied the Eligibility Criteria for the offer (“Eligible Clients”) as set out in the sections hereinafter.

2. Only persons who can form legally binding contracts under the laws applicable in their country of residence may participate in the NBPP. Without limiting the foregoing, participation in the NBPP is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence.

3. Collusion of Intermediaries/Related Parties of any kind, including but not limited to abusing the NBPP is prohibited. If the registration and / or trading data of a Client corresponds with the registration and / or trading information, including but not limited to IP address, of another client, MEGC reserves the sole right in its absolute and sole discretion to regard this matching as a reason for immediate disqualification from Eligibility to the NBPP. For the purposes hereof, the term “Intermediaries/Related Parties”, when used in these Terms & Conditions, unless the context otherwise requires, shall mean to include any person or entity bearing a relationship with any other MEGC client, including, without limitation:

4. family members, such as brothers, sisters, spouses, ancestors, lineal descendants and collateral descendants;

5. person or entity, directly or indirectly through one or more intermediaries, controls, or whom, directly or indirectly, through one or more intermediaries, is controlled by, or is under common control with any other MEGC client; for purposes of this definition, the term control (including, with correlative meaning, the terms “controlled by“ and “under common control with”), as used with respect to any MEGC client, shall mean the possession, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of management policies of such person or entity, whether through ownership of voting securities or otherwise.

6. Eligible Clients’ main account and any sub-accounts, including funds held in a wallet and accounts held in joint ownership constitute a single contractual agreement and are treated as one account (known as an “Account”) for the purpose of realized client balances in connection with the NBPP. This means that all account opening conditions, agreements and provisions between MEGC with regards to the main account are equally valid and applicable to all accounts held by an Eligible Client individually and/or jointly, and any realized negative balances may be netted against other accounts either held in the same name and/or being controlled from the same IP address or related IP addresses.

7. In the case of a Force Majeure Event causing extreme volatility in the markets, MEGC has the right and the sole discretion to nullify the NBPP and the NBPP will not be actioned for any and all Eligible Clients.

8. In this Clause 5, a “Force Majeure Event” means an emergency or an exceptional market condition event beyond the control of MEGC, which includes but is not limited to and determined in our reasonable opinion:

1. any act, event or occurrence (including without limitation any strike, riot or civil commotion, act or threat of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our opinion, prevents us from maintaining an orderly market in any of our products

2. act of God (such as, but not limited to, fires, explosions, earthquakes, drought, tidal waves and floods); war, hostilities (whether war be declared or not), invasion, act of foreign enemies, mobilisation, requisition, or embargo;

3. rebellion, revolution, insurrection, or military or usurped power, or civil war;

4. contamination by radio-activity from any nuclear fuel, or from any nuclear waste from the combustion of nuclear fuel, radio-active toxic explosive, or other hazardous properties of any explosive nuclear assembly or nuclear component of such assembly;

5. riot, commotion, strikes, go slows, lock outs or disorder, unless solely restricted to employees of the Supplier or of his Subcontractors;

6. the suspension or closure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event;

7. the occurrence of an excessive movement in the any global foreign currency markets that are related to our markets for any products or our anticipation (acting reasonably) of the occurrence of such a movement;

8. any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure; or

9. failure of any relevant vendor, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, to perform its obligations.

Eligibility Criteria

1. Eligible Clients, who meet the criteria set forth herein will receive additional protection from the NBPP whereby any trading losses which exceed the existing net deposited funds on your Account will be cleared, up to a maximum of 5,000 USD (known as an “Adjustment”).

2. The Adjustment will only be made to Eligible Clients who have no open trades on their Account and an Adjustment calculation at any point in time will always factor both realized and unrealized profits and/or losses.

3. This NBPP applies to both new and existing clients of MEGC only. Existing Clients and Clients who are introduced to MEGC via an Introducing Broker (IB) are also eligible for the NBPP.

Specific Terms

1. The maximum clearance that can be applied to any Account is 5,000 USD, regardless of the size of the Eligible Client’s initial deposit or further deposits.

General Terms

1. Please note that it may take up to 24 business hours before any Adjustment is added to the account of an Eligible Client who meets all the criteria set forth herein.

2. MEGC reserves the right, at its reasonable and sole discretion: – to decline the eligibility of any client to the NBPP; and – to disqualify and remove any relevant trading activity from any client who tampers or attempts to tamper with the operation of the NBPP, or breaches these terms, the Client Agreement and/or any of the MEGC terms and policies set forth on MEGC’s website. – Under no circumstances shall MEGC be liable for any consequences of any Adjustment cancellation or decline.

3. MEGC reserves the right, at its reasonable discretion, to discontinue the offering of this NBPP to any of its clients at any time and without prior notice.

4. MEGC reserves the right to alter, amend or terminate the NBPP or any aspect of it at any time. Prior notice of such changes will be given to clients and MEGC will post any such changes on its website and/or terms and conditions. It is recommended that Eligible Clients of the NBPP consult these Terms & Conditions on MEGC’s website regularly. Please note that all Eligible Clients accept and agree to abide by any such alterations, amendments and/or changes.

5. Any indication or suspicion, in MEGC’s sole discretion, of any form of arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant’s trading activity patterns that indicate that the participant solely aims to benefit financially from the Adjustment without being genuinely interested in trading in the markets and/or taking market risk), fraud, manipulation, cash-back arbitrage connected to an Adjustment or any other forms of deceitful or fraudulent activity, will nullify the NBPP and the NBPP will not be actioned. In these circumstances, MEGC reserves the right, at its sole discretion to close/suspend (either temporarily or permanently) all such Eligible Client’s real trading account(s) with MEGC, cancel all orders and annul all suspected previous trades of such Eligible Client. In these circumstances, MEGC shall not be liable for any consequences of the Adjustment cancelation, including, but not limited to, order(s) closure by stop out.

Cookies

If you have concerns or complaints about our privacy practices, please contact us via email at support@megcapitalfx.com, and we will promptly investigate the matter.

What are Cookies?

Cookies are tiny pieces of information stored as text files on your computer or device when you visit certain web pages. They are used by web developers to help users navigate their websites efficiently. Cookies do not harm your computer or device. They are not programmes, cannot execute code, deliver viruses or extract personal information from your computer.

If you have cookies enabled on your browser, a cookie will be stored on the device, on each subsequent page you visit, and sent back to the web server by the browser. Cookies are designed to hold a very small amount of data specific to a user and the website they are using.

MEGC Markets do not store any identifiable personal information within cookies such as credit card or bank details.

Most sites on the internet use cookies and their purpose is to:

MEGC’ Cookies Policy

We are using three types of cookies on our site:

1. Functional Cookies are required for the smooth running of the website. If these are disabled you won’t be able to access key pages of the site
2. Analytical and Performance Cookies collect anonymous information about how visitors use the site. They help us understand your preferences so we can offer you a better
3. Marketing Cookies collect information about your browsing habits in order to present you with more relevant content and adverts based on your browsing activity.

Functional Cookies

These cookies are essential for the proper functioning of the website. They allow the website to remember choices you make while browsing the site such as your language preferences. They remember user choices and enable the personalisation of content. These cookies are anonymous and do not track your browsing activity on other websites. If they are disabled you won’t be able to access key pages of the site.

Type of Cookie	Source of Cookie	Function
Referral ID	MEGC	Identifies the referral ID, and allows the website to determine if the registering clients came from a referral.
Campaign	MEGC	Allows the website to determine if the registering clients should be under a campaign.
IP Address	MEGC	It identifies the client’s IP Address, and allows the website to determine the location country.
Country	MEGC	Identifies the client’s location country, and allows the website to display the appropriate content to the client.
Country Code (2-ISO)	MEGC	Identifies the client’s location country code, and allows the website to display the appropriate content to the client.

Analytical and Performance Cookies

These cookies collect anonymous information about how visitors use the site. These cookies do not collect information that identifies you. All collected information is aggregated and as such completely anonymous. Their unique purpose is to help us understand user preferences and their interests so we can offer a better browsing experience.

Some of the systems we use to track web traffic and site usage are provided by third-party companies such as Google.

Type of Cookie	Source of Cookie	Function
Google Analytics	Third Party	Registers a unique ID that is used to generate statistical data on how the visitor uses the website.
Google Analytics Throttle	Third Party	Used by Google Analytics to throttle request rate.

Marketing Cookies

The purpose of this type of cookie is to collect information about your browsing habits to provide advertising that is more relevant to you. The cookies remember which websites you have visited and are usually placed by third party companies with our permission. They serve to limit the number of times you see the same advertisement as well as to measure the effectiveness of advertising campaigns.

Type of Cookie	Source of Cookie	Function
Google Analytics	Third Party	Used to send data to Google Analytics about the visitor’s device and behaviour. Tracks the visitor across devices and marketing channels.
Facebook Ads	Third Party	Used by Facebook to deliver a series of advertisement products such as real time bidding from third party advertisers.
Facebook Impression	Third Party	Used by Facebook to register impression on pages with the Facebook login button.
Facebook Pixel	Third Party	Used by Facebook to see how many people take action on ads and which Facebook Ad led to a conversion.
LinkedIn	Third Party	Used by the social networking service, LinkedIn, for tracking the use of embedded services.
Twitter	Third Party	Used by the social networking service, Twitter, for tracking the use of embedded services.

Cookies Management

You can manage cookies by modifying your web browser settings on your computer or tablet. For mobile phones you might have to check you phone user guide.

Google Chrome

Click the menu icon in the browser’s toolbar
Select ‘Settings’
Click ‘Show advanced settings’
Choose ‘Privacy’ and then ‘Content settings’
To enable cookies, in the ‘Cookies’ section, tick ‘Allow local data to be set (recommended)’. This option enables both first and third-party cookies.
To allow only first-party cookies, enable ‘Block all third-party cookies without exception’
To disable cookies, select ‘Block sites from setting any data’

There are several levels of cookie activation in Chrome. To find out more, click here.

Mozilla Firefox

Click on the menu button at the top of the browser (or ‘Tools’ if using Windows XP)
Select ‘Options’
Click ‘Privacy’
Set ‘Firefox will’ to ‘Use custom settings for history’
Select ‘Accept cookies from sites’ and your preferred treatment of third-party cookies
To disable cookies, remove the check mark from ‘Accept cookies from sites’
Click ‘OK’ to close the window

There are several levels of cookie activation in Firefox. For more information, click here.

Opera

In the browser’s menu, select ‘Settings’
Under cookies, tick ‘Allow local data to be set (recommended)’
To disable cookies, select ‘Block sites from setting any data’
To stop only third-party cookies, select ‘Block third-party cookies and site data’

There are several levels of cookie activation in Opera. For more information, click here.

Safari

There are several levels of cookie activation in Safari. For more information, click here.

Microsoft Internet Explorer

Versions 9-11

Select ‘Tools’ from the top of your browser
Choose ‘Internet Options’
Navigate to the ‘Privacy’ tab
Click ‘Advanced’. Here you can choose to ‘Accept’ ‘Block’ or ‘Prompt’ both first and third-party cookies
To disable cookies, tick ‘Block’

There are several levels of cookie activation in Internet Explorer. For more information, click here.

Microsoft Edge

There are several levels of cookie activation in Microsoft Edge. For more information, click here.

If you have any questions regarding our privacy policy or security measures, please email info@megcapitalfx.com.

This website uses cookies. We use cookies to personalise content and improve our services, to provide social media features and to analyse our traffic. We process this information about use of our site with our analytics partners who may combine it with other information that you’ve provided to better our services. You consent to our cookies if you continue to use our website. For more information visit the Cookie page and read our updated Privacy Notice. To change your settings, visit the Cookies Management page.

Cookies are small text files that can be used by websites to make a user’s experience more efficient.

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