FAQ

You are expressly prohibited from using the services to violate any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national, or international, or to violate the rights of a third-party, including, but not limited to intellectual property rights, privacy rights, rights of publicity, or other personal or proprietary rights.

Additionally, you are expressly prohibited from scraping, crawling, framing, posting unauthorized links to, aggregating, hacking, performing denial of service (DoS) attacks on, reverse engineering, or circumventing technological protection measures of the Services or the company website.

You are also prohibited from using the Services or the company website to transmit unsolicited commercial emails to third parties or traders of the company. While The company is not responsible for any such content posted by its traders and does not have the affirmative obligations to monitor such content, it does reserve the right to remove them.

You are also prohibited from using any trading strategy that is expressly prohibited by the company uses. Such prohibited trading shall include, but not be limited to:

• Exploiting errors or latency in the pricing and/or platform(s) provided by the broker;

• Using any trading strategy intended to exploit or create errors in the Services such as errors in the display of prices or delay in their updates;

• Trading excessive or unrealistic number of contracts in the day;

• Performing trades using an external or slow data feed;

• Engaging in trades or combinations of trades, either individually or in collaboration with others, including through connected accounts or accounts held with different SiegPath users, with the intent to manipulate, abuse, or gain an unfair advantage while using the site or services. This includes, but is not limited to, simultaneously entering into opposite positions;

• In collaboration with others, including through unconnected accounts and third parties, engaging in the same trading strategy (e.g., executing identical trades at the same time intervals), opposite strategies, or other activities intended to pool or hedge the risk of the aggregate, unconnected accounts;

• Using significantly different trading strategies or position sizes between the evaluation and authorized live accounts is considered a prohibited activity. For example, if you typically use 10% of your margin per trade during the Evaluation phase but switch to using 50% in the authorized live account, this may be flagged. We reserve the right to terminate the account, decline any orders, or withhold withdrawals in such cases. You may receive a warning or guidance on necessary corrective actions.
  

• Using any tools or methods that could negatively impact the operation of the site and services, or that are intended to exploit any errors, bugs, or other deficiencies in the Site and Services;

• Trading on behalf of others, including but not limited to sharing any incentives as part of a business arrangement;
  or engaging in other conduct which, at the sole discretion of SiegPath, represents uncommercial activity, is intended to game the market, or otherwise is not a viable trading strategy;

• Entering into an equity CFD at or near the end of the trading day with intent of profiting from the marketing gap between when the market closes and reopens on the subsequent trading day, as determined by SiegPath in its sole and absolute discretion;
  

If the company detects that your trading constitutes prohibited trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the company. Additionally, and before any trader shall receive an authorized live account, the trading activity of the trader under these terms and conditions shall be reviewed by both the company to determine whether such trading activity constitutes prohibited trading. In the case of prohibited trading, the trader shall not receive an authorized live account.

Additionally, the company reserves the right to disallow or block any trader from participating in the program for any reason, in the company’s sole and absolute discretion.  

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Please note that the following trading methods are not allowed.

Hedging: Open both long(buy) and short(sell) positions on the same asset simultaneously between diffrent accounts or different users. Engaging insuch practices will result in a hard breach of your account.

Group Trading: Multiple accounts executing identical trades or mirroring each other's trading records, is strictly prohibited. This practice undermines market integrity and skews performance metrics. All traders must operate their accounts independently, ensuring that each trading strategy and record is unique to the individual account holder.

One-sided Bet: If a trader utilizes over 85% of their margin in one direction, the account will be flagged for a potential hard breach. This measure aims to prevent excessive risk exposure and ensure balanced trading strategies.

Significantly Higher Margin Usage Per Trade: Traders must not exceed a significantly higher margin usage per trade in their authorized live account.

Accounts that violate these rules will be flagged for a potential hard breach.

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Yes, if you do not place a trade within 30 calendar days, your account will be considered inactive and subsequently closed. Please note that clicking the purchase button on the checkout page essentially acts as the starting gun.

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Stop-loss is not mandatory on 5K to 100K accounts.

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For accounts of 200K and 400K, placing stop-loss orders becomes mandatory to ensure effective risk management, positions opened without stop-loss would be considered a soft breach, such trade will be closed. While it is strongly recommended for all accounts, for these higher-tier accounts, the use of stop-loss orders is a requirement to protect against large drawdowns and minimize potential losses in volatile markets.

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No, you don't have to close the positions overnight. However, risk management is advised.

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Positions can only be held over the weekend on the 2 Step Flex account. Please ensure you follow the rules for these types of accounts.

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We believe in empowering traders to use legitimate methods to seize opportunities in the market. However, there are limitations due to our developing trading platform, Sieg Terminal.

Expert Advisors:
Currently, Sieg Terminal does not support expert advisor trading. We are actively developing a platform that will accommodate expert advisors in the future.

Copy Trading:
At present, Sieg Terminal only supports trade copying from KCM Trade MT4. We are also working on enhancements to expand our capabilities for other copy trading platform.

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At SiegPath, we are excited to announce that news trading is fully permitted within our evaluation parameters. We recognize the potential of news events to drive significant market movements and encourage our traders to capitalize on volatility.

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