Risk warning

Be sure to read and understand the following:

High risk investment

DGCTC LTD provides contract order transaction execution via DGCTC LTD processing. Under this model, the quote provided by DGCTC LTD to the customer is the best price given by one of the liquidity providers DGCTC LTD plus the spread added to each currency pair or contract. In this mode, DGCTC LTD is not a market maker for any currency pair or contract. Therefore, DGCTC LTD relies on these external providers to provide international futures and contract quotes. While this model can promote efficiency and market pricing competition, certain restrictions on liquidity may affect the final execution of your order.

Internet transaction risk

Using the online transaction execution system carries certain risks, including (but not limited to) hardware failure, software failure and network system connection problems. Since DGCTC LTD has no control over the strength of the connection signal, its reception or router lines, the configuration of your equipment or the reliability of its network connection, we are not responsible for communication failures, misinformation or delays in online transactions. DGCTC LTD has a backup system and an emergency response plan to minimize the possibility of system failure.

Market liquidity

Trading tends to be flat in the first few hours after the market opens until Tokyo and London open. There are fewer buyers and sellers when the market is flat, and the spread is wider, roughly because the first few hours of the market are still weekends for most of the world. Liquidity may also be affected when transactions are rolled over (GMT+3 00:00), because many of our liquidity providers will temporarily interrupt the network to settle transactions on the day, and this may also be due to lack of liquidity Sexual reasons lead to a large bid-ask spread at this time. When the market is illiquid, traders may have difficulty opening or closing positions at their requested price, encounter delays in execution, and obtain an execution price that is many pips away from the requested price.

Bid-ask spread

The bid-ask spread may sometimes be higher than the normal spread. The bid-ask spread may change with market liquidity. During periods of limited liquidity, during market opening, or during 5:00 pm EDT, the bid-ask spread may be subject to uncertainties in the price direction or market volatility. Or expand without market liquidity. It is not uncommon for a bid-ask spread to expand, especially at the time of a rollover. Trading a short position is generally a very quiet period of the market, as the working day in New York has just ended, and there are still hours away from the start of a new working day in Tokyo. Knowing these patterns and taking them into account when trading or creating new deals with unsettled orders at these times can improve your trading experience. This may happen during the press release, and the bid-ask spread may increase significantly to compensate for the huge market volatility. Higher bid-ask spreads may only last for a few seconds or as long as a few minutes. DGCTC LTD strongly encourages traders to be cautious when trading during the press release, and should always pay attention to their account equity, available margin and market risk. A higher bid-ask spread may adversely affect all positions in the account, including hedge positions.

Order Execution Mode

DGCTC LTD executes transactions by providing contract orders. Under this mode, the quotation provided by DGCTC LTD to customers is the best price given by one of the liquidity providers of DGCTC LTD plus the additional point difference for each currency pair or contract. In this mode, DGCTC LTD does not act as a market maker for any currency pair or contract. Therefore, DGCTC LTD relies on these external providers to provide international futures and contract quotations. Although this model can promote efficiency and market pricing competition, certain restrictions on liquidity may affect the final execution of your order.

Hide order quotation

When international futures and contract liquidity providers that provide quotes to DGCTC LTD do not actively create a market for a currency pair, and liquidity declines, there will be hidden quotes. DGCTC LTD does not intentionally "hide" quotes; however, sometimes because of a disruption in contact with a provider, or when a publication has a significant impact on the market that limits liquidity, it can cause a significant increase in the bid-ask spread. . A hidden offer or an enlarged spread may result in a margin call for the trader's account. When the order issued by the currency pair is affected by the hidden quote, the profit/loss number will temporarily show zero until the currency pair has a tradeable price, and the system can calculate the surplus/loss balance.

Trading order hedging

The hedging function allows traders to hold both buy and sell positions in the same currency pair. Traders can enter the market without having to choose a direction for a currency pair. Although hedging can reduce or limit future losses, it is impossible to avoid further losses on the account. In the international futures and CFD contract market, traders can fully hedge above the quantity, not the price. This is due to the difference between the buy and sell prices (or the bid-ask spread). DGCTC LTDTraders will need to deposit a deposit in one of the directions (height positions) of the hedge position. Margin requirements can often be monitored in the simple quote window. Traders may feel that the hedging function is useful, but be aware of the following factors that may affect the hedging location.

Bid-ask spread widens

Bid-ask spreads may sometimes be higher than normal spreads. The bid-ask spread may change with market liquidity. During the period of limited liquidity, when the market opens, or during the GMT+3 23:00 rollover period, the bid-ask spread may fluctuate due to uncertain factors in the price direction or market volatility soaring, or Expand due to lack of market liquidity. It is not uncommon for bid-ask spreads to widen especially when rolling positions. Rollovers are typically a very quiet period in the market, as the working day in New York has just ended and there are still hours before the start of the new working day in Tokyo. Recognizing these patterns and taking them into account when trading with open orders at these times or opening new trades can improve your trading experience. This can happen during news releases, and bid-ask spreads can increase significantly to compensate for huge market swings. Higher bid-ask spreads may only last for a few seconds, or as long as a few minutes. DGCTC LTD strongly encourages traders to be cautious when trading during news releases, and should always pay attention to their account net value, available margin and market risk. Higher bid-ask spreads may adversely affect all positions in the account, including hedged positions.

Order rollover cost

Rollover refers to the process of closing and opening a position at the same time of the day to avoid settlement and settlement of currency. Rollover (overnight interest) also refers to the interest paid or earned by the trading account holding the position overnight, and the overnight time is after 5 pm EST on various platforms of DGCTC LTD. The time to close and reopen a position and calculate the overnight fee is generally referred to as a Trade Rollover TRO. It should be noted that the overnight interest paid will be higher than the interest earned. If all positions in the account have been hedged, although the positions are generally equal, the difference in the overnight interest paid and received can still result in a loss. During the rollover period, the bid-ask spread may be larger relative to other times, as the liquidity provider may temporarily disconnect to settle the transaction on the day. Please manage your positions accordingly during the rollover and understand the impact of the spread of the spreads on existing/open positions or new positions/instructions.

Fluctuation per point value

Exchange rate fluctuations or value per point are defined as the value of a currency pair's change. This cost is equivalent to the profit or loss caused by each change of the currency pair on the exchange rate, and is displayed in the currency unit of the account to which the transaction currency belongs. To view the value of each point of any currency pair on the various platforms of DGCTC LTD, select "Show" in the menu bar, then click "Window Display" and then select "Easy Mode". If "Easy Mode" is selected, simply click on the "Simple Quote Window" in the quotation window and the value of each point will be displayed on the right side of the window.

Quote reverse price difference

When you trade international futures trading on the DGCTC LTD platform and trade international futures or other contracts in a no-trader platform execution mode, you are using the price quoted by multiple liquidity providers plus the rating of DGCTC LTD The idea of ​​trading. In rare cases, quotes may be subject to interference. Although this situation may only last for a short time, it will cause the price to reverse. DGCTC LTD advises customers to avoid creating market orders in the unlikely event of such a rare situation. Although "no-cost trading" is attractive, it must be borne in mind that these prices are not true, and the transaction price may be quite different from the displayed price. If the transaction price is not the actual exchange rate provided by {liquid:cpfname}'s liquidity provider to DGCTC LTD, DGCTC LTD will treat the transaction as invalid and reserve the right to revoke the transaction. In such cases, the customer only has to set a range of instructions or suspend the transaction to avoid the associated risks.

Holiday/Weekend Execution

The official trading time of the transaction is GMT+3 Monday 00:00 to GMT+3 Friday 23:00. Please note that traders who have previously placed orders executed before 23:00 GMT+3 time, and who open trades between 22:55 GMT+3 time and 23:00 pm may not be able to cancel pending orders. If a Good-Til-Cancelled (GTC) market order happens to be transmitted at the close of the market, it may happen that it may not be filled before the market opens on Monday. Please exercise caution when trading close to the market close on Friday and take all of the above information into consideration in your trading decisions. The trading desk may change the opening or closing time because it relies on the quotations provided by liquidity providers on DGCTC LTD. Outside these hours, most major banks and financial centers are closed. Due to the low liquidity and trading volume on weekends, order execution and quotation will be hindered.

Opening quote

Shortly before the opening, the trading desk updated the quotation to reflect the current market price and prepared for the opening. During this time period, the transactions and orders retained on the weekend are awaiting execution, so the newly created instructions are not executed at the market price. After the opening, the trader can create a new transaction and cancel or change the original pending order.

Market quotes gap

The opening price on Sunday may or may not be the same as Friday's closing price. The exchange rate on Sunday is sometimes very close to the closing price on Friday; at other times, the closing price on Friday may be very different from the opening price on Sunday. In the event of an important news announcement or an economic event that changes the market's perception of the value of a certain currency, there may be a large gap in the exchange rate. Traders holding positions or pending orders over the weekend should be aware that the price may be gapped.

Order instruction execution

Limit orders are usually executed at a request or better price. If there is no specified price (or better price) on the market, the order will not be executed. At the opening price on Sunday, the market price will reach the price of the stop loss request, and the order will become the market order. Limit orders will be executed in the same way as limit orders. Stop Loss orders will be executed in the same way as Stop Loss.

Weekend risk

Some traders are worried that the market will be very volatile during the weekend, the exchange rate may be significantly gapped, or that the weekend risk is inconsistent with its own trading style, and the pending orders and positions will be closed directly before the weekend. Traders who hold positions to open positions must understand that there may be significant economic events and the impact of press releases on the value of the relevant positions. Based on the volatility presented by the market, it is not uncommon for prices to deviate from many points at the close of the market. We encourage all traders to take this into account before making a trading decision.

Chart price and market price

It is important to distinguish between the reference price (shown on the chart) and the tradable price (shown on the DGCTC LTD trading platform). Reference quotes have an indication of market prices and ranges of changes. These prices come from banks and settlement agencies and do not necessarily reflect the price of DGCTC LTD's liquidity provider. The reference price is usually very close to the transaction price, but it can only be used as an indicator of market reality. The tradable quotes guarantee specific execution and lower transaction costs. Since there is no single central exchange transaction in the international futures market for all transactions, the quotes of each international futures dealer are slightly different. Therefore, the quotes of third-party chart providers can only be quoted if they are not quoted by a market maker. As a reference price, it does not necessarily reflect the actual exchange rate that can be traded.

Mobile trading platform

There are a number of inherent risks associated with the use of mobile trading technology, such as repeated instructions, delays in quotes, and other issues arising from mobile connections. The price displayed on the mobile platform is only a display of the executable price and may not reflect the actual execution price of the order.

Mobile trading platforms use public communication network lines to transmit information. DGCTC LTD is not responsible for any and all circumstances, such as delays in your quotes or failure to trade due to network line transmission issues or any other issues beyond the direct control of DGCTC LTD. Transmission issues include, but are not limited to, the strength of mobile signals, delays in mobile phones, or anything else that may arise between you and any Internet service provider, telephone service provider, or any other service provider.

Please note that some features of the DGCTC LTD trading platform are not available on the DGCTC LTD mobile trading platform. The main differences include (but are not limited to) charts that will be limited, do not show daily overnight interest and do not provide maintenance margin requirements for each financial instrument. It is highly recommended that customers familiarize themselves with the DGCTC LTD mobile trading platform before managing their live accounts through mobile devices.

Order execution slippage

Slippage DGCTC LTD is committed to providing customers with the best transaction execution, and strives to complete all orders at the required price. However, sometimes orders may be subject to slippage due to market volatility or increased trading volume. Slippage most often occurs during underlying news events or periods of limited liquidity. Taking the transaction rollover (GMT+2 time 23:00) as an example, this is a period when liquidity is known to be limited, because many liquidity providers will settle the transactions of the day. During these periods, your order type, quantity required, and specific order instructions may affect the overall trade execution you receive.

Examples of specific order instructions include: Good-Til-Cancelled (GTC): Your entire order will be executed at the next available price when received. Instant or cancel (IOC): All or part of your order will be executed at the next available price, and if there is no liquidity to execute your order immediately, the balance will be cancelled. Full or Cancel (FOK): The instruction must be fully executed, otherwise it will not be executed.

During periods of market volatility, it may be difficult to execute orders. For example, the price you get when your order is executed may vary by many pips from the price selected or quoted based on market movements. In this case, the trader expects the trade to be executed at a specified price, but the market may have deviated significantly from that price, for example, in less than a second. The trader's order will then be executed at the next available price for that particular order. Similarly, based on DGCTC LTD's DGCTC LTD platform international futures execution model, there must be sufficient liquidity to execute all transactions at any price.

DGCTC LTD provides a variety of basic and advanced order types to help customers reduce execution risks. One way to reduce the risk associated with slippage is to use the "set range" function on the DGCTC LTD platform. The "Set Range" feature allows traders to specify the amount of potential slippage they are willing to accept on market orders by defining a range. 

Zero means no slippage is allowed. If zero is selected in the "set range", it means that the trader requires that his order can only be executed at the price selected or quoted, and not at any other price. Traders can choose to accept a larger allowable slippage range to increase the chances of order execution. In this case, the order will be executed at the next available price within the specified range. For example, a client may indicate that he is willing to accept execution within 2 pips of his requested order price. 

If there is sufficient liquidity, the system will execute the order within an acceptable range (ie 2 pips). If the command cannot be executed within the specified range, the command will not be executed. Note that only negative ranges can be specified for the set range. If a better price appears when the transaction is executed, the amount of positive price improvement that the trader can obtain is not limited to the specified range.

Additionally, when triggered, the stop loss will become a market order that can be executed at the next available market price. A stop loss guarantees that a trade will be executed, but not at a specific price. Therefore, depending on market conditions, there may be slippage on stop orders.

Margin Calls and Liquidations

A margin call alert will be triggered when your available margin falls to zero. Your account trading bar will be displayed in red and blinking, which will occur when your floating loss reduces your account equity by at least or equal to your margin requirement. Therefore, unless otherwise noted, the consequences of any margin call will be a subsequent mandatory system liquidation.

The concept of margin trading is that the client's margin is used as the actual deposit for the face value of the position in which the position is held. Clients who conduct margin trading can hold positions that are significantly higher than the actual amount of funds. The DGCTC LTD trading platform has margin management capabilities that allow leverage. Of course, margin trading involves risk because leverage can have a positive or negative impact on you. If the account equity falls below the margin requirement, the DGCTC LTD trading platform will trigger an order to close all open positions. If excessive leverage or trading losses result in insufficient net worth to maintain the opening position at the time, additional margin will be incurred and all open positions must be closed (automatic settlement).

Please keep in mind that if the available margin on the account is zero, the account will start a red alert. When your account margin ratio (prepayment) is below the 60% warning line, the system will close the current position from the most loss-making position. When the margin (prepayment) ratio is equal to or lower than 50%, the system will trigger a forced liquidation of all open positions, and the automatic settlement procedure is designed to be fully automated.

Although the margin call function is designed to close the position when the account equity falls below the margin requirement, in some cases there is no liquidity at the actual margin call. Therefore, the net value of the account may fall below the margin requirement when the order is executed, and even the account net value becomes negative. This is especially true when exchange rates are empty or in extreme fluctuations. DGCTC LTD suggests that traders use stop loss instead of margin call to limit the downside risk.

We strongly recommend that customers maintain an appropriate margin amount in their account at all times. You can go to the User Center and apply to adjust the margin leverage to change your margin requirements, which will be approved via DGCTC LTD. DGCTC LTD may change the margin requirements as appropriate, depending on the size of the account, the opening position at the same time, the trading model, and the market conditions.