Rules of Trading Operations | Quotex (QxBroker)

1. Scope and Definitions

These Rules of Trading Operations ("Rules") govern all trading activities conducted on the Quotex platform operated by ON SPOT GROUP LLC. These Rules form an integral part of the Service Agreement and should be read in conjunction with it.

1.1 Key Definitions

Term	Definition
Digital Option	A financial contract where the Client predicts whether the price of an underlying asset will be above or below a specified level at the time of expiry.
Underlying Asset	The financial instrument on which a digital option is based (e.g., EUR/USD, BTC/USD, Gold).
Strike Price	The price of the underlying asset at the moment of trade execution.
Expiry Time	The predetermined moment at which a trade is settled and the result is determined.
Payout Rate	The percentage of profit credited to the Client's account upon a successful trade prediction.
Investment Amount	The sum of money placed on a single trade by the Client.
OTC Instrument	An over-the-counter asset with synthetic pricing provided by the Company, available outside regular market hours.

2. Trade Execution

2.1 Order Placement

To place a trade, the Client must select an underlying asset, specify the investment amount, choose an expiry time, and predict the price direction (Up/Call or Down/Put). The trade is executed when the Client confirms the order by clicking the corresponding button.

Once confirmed, a trade cannot be cancelled, modified, or reversed. The Client acknowledges that by clicking the execution button, they accept the current market price, payout rate, and expiry time.

2.2 Execution Price

Trades are executed at the price displayed on the platform at the moment of order confirmation. Due to market volatility and network latency, the execution price may differ slightly from the price displayed at the moment of clicking. This is known as slippage and is a normal market occurrence.

If the execution price differs from the displayed price by more than the acceptable threshold (determined by market conditions), the platform may reject the order and prompt the Client to resubmit at the current price.

2.3 Trade Limits

Parameter	Minimum	Maximum	Notes
Investment per trade	$1	$5,000	May vary by asset and account type
Simultaneous open trades	1	20	Platform-wide limit
Total exposure	—	$10,000	Sum of all active trade investments
Expiry time	5 seconds	4 hours	Depends on asset type

3. Pricing and Market Data

3.1 Regular Market Instruments

Prices for regular market instruments are derived from reputable market data providers and liquidity aggregators. The Company strives to provide accurate, real-time pricing but does not guarantee that prices will match those quoted on external exchanges or trading venues due to differences in data sources and feed latency.

3.2 OTC Instruments

OTC instrument prices are generated by the Company's proprietary pricing algorithms. These prices are synthetic and do not represent actual exchange-traded prices. The Company acts as the sole market maker for OTC instruments. OTC pricing methodology is not publicly disclosed.

3.3 Price Disputes

If the Client believes that a trade was executed at an incorrect price due to a platform error (as opposed to normal market slippage), they may submit a price dispute through the support system within 24 hours of the trade. The Company will review server logs and market data to determine whether an error occurred. The Company's determination shall be final.

4. Expiry and Settlement

4.1 Settlement Rules

At the moment of expiry, the trade is settled based on the last quoted price of the underlying asset:

Call (Up) option: The trade is profitable if the expiry price is strictly above the strike price. If the expiry price equals the strike price, the trade is settled as a loss.
Put (Down) option: The trade is profitable if the expiry price is strictly below the strike price. If the expiry price equals the strike price, the trade is settled as a loss.

4.2 Payout Calculation

For a successful trade, the payout is calculated as follows:

Payout = Investment Amount × (1 + Payout Rate / 100)

For example: a $50 investment with an 85% payout rate yields $50 × 1.85 = $92.50 (profit of $42.50).

For an unsuccessful trade, the Client loses the entire investment amount.

4.3 Payout Rate Variations

Payout rates are dynamic and may change based on market conditions, time of day, asset liquidity, and expiry duration. The payout rate displayed at the time of trade confirmation is the rate applied to that trade. The Company reserves the right to modify payout rates at any time without prior notice.

5. Abnormal Market Conditions

During periods of abnormal market conditions — including but not limited to extreme volatility, low liquidity, market circuit breakers, or force majeure events — the Company may take one or more of the following actions:

Temporarily suspend trading on affected assets.
Widen the price spread or reduce payout rates.
Increase minimum investment amounts.
Void trades that were executed during periods of erroneous pricing.
Delay settlement of expiring trades until normal conditions resume.

The Company will make reasonable efforts to notify Clients of such actions, but notification may not always be possible in real-time during rapidly evolving situations.

6. Prohibited Trading Practices

The following trading practices are prohibited and may result in trade cancellation, profit reversal, and/or account termination:

Arbitrage exploitation: Systematically exploiting pricing differences between the Quotex platform and external data sources.
Latency abuse: Using high-speed connections or co-located servers to exploit price feed delays.
Coordinated trading: Multiple accounts or individuals acting in concert to exploit the platform's risk management systems.
Automated trading: Using bots, scripts, browser extensions, or other automated tools to place trades without explicit authorization from the Company.
Insider information: Trading based on material non-public information obtained illegally.

7. Trade History and Records

Complete trade history is available in the Client's account dashboard. The Company maintains server-side records of all trades, including execution time, asset, direction, investment amount, payout rate, strike price, and expiry price. In case of discrepancy between client-side and server-side records, the server-side records shall prevail.

8. Amendments

The Company reserves the right to amend these Rules at any time. Changes will be published on the platform. Continued use of the platform after publication constitutes acceptance of the amended Rules.