Risk Policy

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You should consider the following points before embarking on an intraday trading strategy.
For the purposes of this notice, an “intraday trading strategy” means a strategy characterized by the regular transmission by the client of intraday orders to affect both purchases and sales of the same security or securities.
Intraday trading can be extremely risky. Intraday trading is generally not appropriate for someone with limited resources and limited investment or trading experience and a low tolerance for risk. You must be prepared to lose all the funds that you use for day-to-day operations. In particular, you should not fund day trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds necessary to cover your living expenses. . Additionally, some evidence indicates that an investment of less than $ 50,000 will significantly affect a day trader’s ability to make a profit.
Be wary of big profit claims from intraday trading. You should be wary of announcements or other statements that emphasize the potential for big profits in intraday trading. Intraday trading can also lead to significant and immediate financial losses. Intraday trading requires a thorough understanding of the stock markets and trading techniques and strategies. When trying to make a profit through day trading, you have to compete with licensed professional traders employed by securities firms. You must have the appropriate experience before conducting intraday trading.
Intraday trading requires knowledge of a company’s operations. You should be familiar with the business practices of a securities firm, including the operation of the firm’s order execution systems and procedures. Under certain market conditions, it may be difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a stock falls suddenly or if trading stops due to recent news or unusual trading activity. The more volatile a stock is, the greater the likelihood of problems when executing a trade. In addition to normal market risks, you may experience losses due to system failures.
Intraday trading will generate substantial commissions, even if the cost per trade is low. Intraday trading involves aggressive trading and you will generally pay commissions for each trade. The total daily commissions you pay on your trades will add to your losses or significantly reduce your profits. For example, assuming a trade costs $ 16 and an average of 29 transactions are made per day, an investor would need to generate an annual profit of $ 111,360 just to cover commission expenses.
Intraday trading on margin or short selling can result in losses beyond your initial investment. When you transact day-to-day with funds borrowed from a business or someone else, you may lose more funds than you originally put at risk. A decrease in the value of the securities being purchased may require you to provide additional funds to the business to prevent the forced sale of those securities or other securities in your account. Short selling as part of your daily trading strategy can also lead to extraordinary losses, as you may need to buy a stock at a very high price to cover a short position.
Potential registration requirements. Individuals who provide investment advice for third parties or manage securities accounts for others may need to register as an “Investment Advisor” under the Investment Advisers Act of 1940 or as a “Broker” or “Distributor” under the Stock Exchange Act. 1934 Securities. Such activities may also trigger state registration requirements.

Margin Disclosure

Your brokerage firm provides you with this document to provide you with some basic information about buying securities on margin and to alert you to the risks involved in trading securities on a margin account. Before trading stocks in a margin account, you should carefully review the margin agreement provided by your company. Consult your company regarding any questions or concerns you may have with your margin accounts. When you buy securities, you can either pay the securities in full or you can borrow part of the purchase price from your brokerage firm. If you decide to borrow funds from your business, you will open a margin account with the business. The purchased securities are the guarantee of the company for the loan that is granted. If the values ​​in your account decrease in value, so does the value, as does the value of the collateral that backs up your loan, and as a result, the company may take action, such as issuing a margin call and / or selling securities or other assets in any of its accounts held with the member, in order to to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin.

These risks include the following:

You may lose more funds than you deposit in the margin account.
A decrease in the value of securities that are bought on margin may require you to provide additional funds to the company that has made the loan to avoid the forced sale of those securities or other securities or assets in your account (s)

The company may force the sale of securities or other assets in your account (s).

If the equity in your account falls below the company’s higher maintenance margin requirements or “house” requirements, the business may sell the securities or other assets in any of its accounts held with the business. to cover the margin deficiency. You will also be responsible for any account drops after such a trade.

The company can sell its securities or other assets without contacting you.

Some investors mistakenly believe that a company must contact them for a margin call to be valid and that the company cannot liquidate securities or other assets in their accounts to fulfill the call unless the company has contacted them first. This is not the case. Most companies will attempt to notify their customers of margin calls, but are not required to do so. However, even if a company has contacted a client and provided a specific date by which the client can comply with a margin call, the company can still take the necessary steps to protect its financial interests, including the immediate sale of the securities without prior notice to the client.
You do not have the right to choose which securities or other assets in your account (s) are liquidated or sold to fulfill a margin call.
Because the securities are collateral for the margin loan, the company has the right to decide what security to sell to protect its interests.
The business may increase its “home” maintenance margin requirements at any time and is not required to provide you with advance written notice.
These firm policy changes are often effective immediately and may result in the issuance of a maintenance margin call. If the call is not satisfied, the member can liquidate or sell securities in his account (s).
You are not entitled to a time extension for a margin call.
While an extension of time to meet margin requirements may be available to clients under certain conditions, a client is not entitled to the extension.

Terms of use

Please note that your use of our website is subject to your acceptance of the following terms and conditions. Further processing on this site indicates that you have read and agree to the following terms and conditions of use.
By entering this website and reading or using any information contained in this document, you acknowledge that I, of my own free will, request information and documentation related to opening an account with BitFin (BitFin) under the auspices and using the execution, custody and administration services of BitFin.
You understand and agree that all information obtained from / on this website should not be construed in any way as legal, tax or investment advice, and you understand that BitFin have not made any express warranty on any service or product. BitFin, its agents, representatives or any of its affiliated sites.
In addition, you understand and accept that all transactions, communications and exchanges of information through this website must be considered carried out in the jurisdiction of the Registered Financial Institution.
You further understand that this website is operated in accordance with the laws of the Registered Financial Institution’s jurisdiction. Compliance with the laws of the jurisdiction in which you are a resident or citizen is your responsibility. BitFin, its agents, representatives or any of its affiliated sites only conduct business in the jurisdiction of the Registered Financial Institution. Neither BitFin, its agents, representatives or any of its affiliated sites, by offering you the opportunity to do business through them, agree to be bound by the laws, customs and procedures of the jurisdiction of your residence.
None of the information in this document constitutes an offer to buy or sell a financial instrument. BitFin is not responsible for the completeness and accuracy of the information provided, nor for any loss incurred as a result of actions taken on the basis of the information provided here or in any other publication BitFin expressly reserves the right to modify prices or the composition of the product at any time.
BitFin (BitFin) does not accept US accounts and Individuals that have been directly or indirectly solicited pursuant to SEC Rule 15a-6. BitFin ( does not open accounts for Canadian citizens and residents.

Merchant Responsibilities

Clients must be familiar with the following responsibilities and must agree to follow all Regulatory and Exchange rules:


It is always the customer’s responsibility to check their account on a daily basis, via our ‘back-office’ website and compare the information displayed there with the information displayed in the trading software . If there are any discrepancies of any kind, including but not limited to; current capital, purchasing power or positions, the client should contact BitFin before acting on any information that does not match. Also, if you ever believe for any reason that something is wrong with your account, be sure to always contact us before acting. If a customer acts before contacting us to verify the validity of their account information or does not check their account on a daily basis,
It is also the customer’s responsibility to review all open orders daily, especially if he places GTC orders (valid until canceled). If you think you had an order that for some reason does not appear in your software or you have some other problem or problem with an order, you should contact us immediately. You will be responsible for this daily review of your open orders. Any issues caused by not conducting this review and communicating with us in a timely manner to resolve any discrepancies will be the sole responsibility of the customer. Also, please note that only you are responsible for the orders you place on your account and the resulting executions of those orders.


It is the client’s responsibility to notify BitFin if they have shares that have a forward stock split or reverse stock split and / or if any of the shares they own has a symbol change of any kind. . The client should also contact us if they have an option that has expired (expires), has been exercised, assigned or changes its symbol. Commercial software will NOT automatically adjust to these changes. The customer will need to contact us and we will manually adjust their business software to reflect these changes.

SHORT SALES (Short Sales)

The term “short sale” means any sale of a security, which the seller does not own, or any sale, which is consummated through the delivery of a security, loaned by or on behalf of the seller. For actions that are difficult to borrow, short sales must be preceded by a request to BitFin to ensure that the actions can be borrowed. We will then contact the Stock Lending Department to ensure their availability. If approval is granted by the Stock Lending Department, BitFin will inform you that the shares may be sold short. If approval is not received, the security in question cannot be shortened. If you sell a stock that has not been located, the transaction can be canceled and you will be responsible for any losses incurred. Short sales made on unlocated stocks (locate) will result in a purchase. All trades that violate these rules will be entered into BitFin’s error account. All losses will be charged to your account. You will not receive any profit from these exchanges as they are obtained illegally. Repeated violations of these rules may result in the closure of your account. Assuming that the security in question can be shortened, the short sale should be done as a “short sale”. If the trader uses a sell to short sell or oversell a position, the trade may be illegally executed. This is a violation of SEC rules. The merchant is responsible for covering any illegal positions immediately with a corresponding purchase. You will be responsible for any loss of invalid short sales and any invalid profit from these trades is illegal and will be removed. These issues must be reported by email to BitFin before the end of the trading day.


There are 2 types of margin available: Overnight (2: 1) and Day Trading (6: 1). Overnight purchasing power is limited to twice the capital available at the end of the previous day. Overnight positions held above twice the share capital will result in a federal margin call. You can have up to 3 business days to cover a nightly call by sending new funds for the amount of the call or by liquidating positions to answer the call. If you liquidate positions to fulfill this call, your account may be restricted or closed. If you do not cover the amount of the call when it is due, BitFin will liquidate your position. The buying power of Day Trading is applied to the shares you trade on the day (buying and selling on the same day). For margin accounts with capital above $ 500, the margin is set to 6: 1 and there is no limit to the number of daily operations that can be performed. Note that night positions should not yet exceed the 2: 1 margin.
Purchasing power figures are set at the beginning of the day and will generally not increase for the remainder of the day (hedging overnight positions may not increase these figures). When you have overnight positions, your available purchasing power will generally be calculated as follows: 30% of short positions (short) and 25% of long positions (long), minus both figures of your capital and double the excess. These percentages may be subject to change or differ depending on the stock (stock).
There are also higher margin requirements when selling stocks at a low price. The minimum requirement is $ 2.50 per share short, so if you short sell a stock that is trading at less than $ 2.50 per share, you will still be subject to the increased requirement of $ 2.50 per share. Shares trading between $ 2.50 and $ 5 will be held at 100% of the short requirement. Shares above $ 5 per share will be held at a minimum requirement of $ 5 per share and then regular short requirements thereafter.
BitFin will generally attempt to communicate with you about any margin calls you may receive. This notice can be made by email, telephone or other means related to the details of your margin call. Clients must strictly adhere to all margin rules. Please note that BitFin is under no obligation to inform you of your margin calls. It is your responsibility to monitor your own account at all times.
Next Day Buying Power Release: When you cover a position that you had held overnight; we can allow BitFin software to give you a release of buying power. This version will appear in the intraday and overnight purchasing power numbers in the software. The reason for this is that the overnight buy power amount displayed in the software is informational only. It doesn’t actually limit you to trading just that amount because the software doesn’t know how long you’ll hold a position when you open it. The release that comes into your intraday buying power CANNOT be used for day trading. If you trade intraday (day trades), they can only be done using the initial intraday buying power you had before hedging the overnight position and getting an additional post. You cannot use the newly released funds for new daily operations. It can ONLY be used to take new positions overnight. If you use the released funds for new intraday trades (day trades), you will get a daily trading margin call (DT). That kind of DT call can ONLY be fulfilled by depositing new funds. If you receive a call from DT and do not deposit funds to fulfill that call, your account will be closed. you will get a daily trading margin call (DT). That kind of DT call can ONLY be fulfilled by depositing new funds. If you receive a call from DT and do not deposit funds to fulfill that call, your account will be closed. You will get a daily trading margin call (DT). That kind of DT call can ONLY be fulfilled by depositing new funds. If you receive a call from DT and do not deposit funds to fulfill that call, your account will be closed.


The amount of capital required to open and maintain a daily trading account is $ 500. If your principal falls below this amount, you must deposit additional funds to recover your principal up to $ 500.


The routing rates on the website and as set forth in the software are subject to change at any time. You are responsible for knowing the correct fare for whatever route you are operating on. If necessary, we reserve the right to charge or adjust location, route or change rates


System response, trade executions, and account access can be affected by market conditions, system performance, trading delays, and other factors. The risk of loss in e-commerce can be considerable. Therefore, you should consider whether such a negotiation is right for you in light of your resources and financial circumstances. We cannot and will not be liable for losses resulting from problems with the use of third party software trading systems or third party order execution routing problems. We only provide our clients with the ability to connect to trading software and order execution paths, we do not own or control them.


The procedures and rules listed on this page are for informational purposes and may be subject to change, which may not be reflected on this page or may be updated without prior notice. This is only a partial list of the merchant’s responsibilities. Traders need to understand that they have many more responsibilities than those listed here. If you have any questions about any of your responsibilities, please contact us.