Author: Livia Tay, MY
Last Updated: March 17, 2025
In the fast-paced and often complex world of trading, access to reliable platforms and clear terms of use are essential for both traders and trading companies. Understanding the Terms and Conditions (TNC) governing platform access and trading activities is crucial for ensuring a smooth, transparent, and legally compliant trading experience. This article explores the importance of TNC for clients and provides an overview of how these terms help protect both the trader and the platform provider.
Chapter C: Access of Electronic Services - Clause 19-26
-
Order Types (Clause 30)
- Lirunex supports market orders, pending orders, stop orders, and limit orders.
- Orders are only executed when confirmed by Lirunex’s trading system.
-
Margin & Leverage (Clause 35-36)
- Clients must maintain a margin balance to keep trades open.
- Margin call at 50%, stop-out at 25% of required margin.
- Lirunex can change margin requirements without prior notice in case of market volatility (Clause 35.2).
-
Trading Platform & Technology (Clause 19-21, 25-26)
- Clients must secure login credentials and avoid sharing them (Clause 10).
- Lirunex is not responsible for technical failures such as internet issues or system downtime.
- Mobile trading is available but may have limited features compared to desktop platforms.
The Terms and Conditions (TNC) for trading and platform access are essential to ensure that both clients and the platform provider are on the same page regarding expectations, responsibilities, and protections. By carefully reviewing the TNC, traders can ensure they understand the rules and risks involved, access the platform securely, and make the most out of their trading experience. For trading companies, having clear and transparent TNC helps establish trust with clients and minimizes the risk of legal or operational disputes.