Order Execution Policy

1. Scope

This Order Execution Policy describes how Venguard Trade Ltd ("the Company") receives, processes and executes client orders on the trading platform. It forms an integral part of the Client Agreement. By placing orders through the Platform, you consent to the execution of your orders in accordance with this Policy.

2. Nature of Execution

The Company acts as the counterparty to client transactions (dealing on own account). Orders are executed over the counter (OTC) and are not routed to a regulated exchange or multilateral trading facility. Prices displayed on the Platform are derived from reference sources and liquidity providers and are indicative until an order is executed.

3. Execution Factors

When executing client orders, the Company takes into account the following factors, in no fixed order of priority:

• price — the price at which the order is executed;
• cost — spread and any applicable charges;
• speed — the time between order submission and execution;
• likelihood of execution and settlement;
• size and nature of the order and its potential market impact.

For retail clients, the best possible result is generally determined by total consideration, i.e. the price of the instrument together with the costs of execution.

4. Order Types and Handling

The Platform supports market orders and pending orders (including stop and limit orders, stop-loss and take-profit). Market orders are executed at the price available at the time of execution, which may differ from the price displayed when the order was submitted (slippage). Pending and stop orders are triggered when the relevant price is reached, but execution at the exact specified level is not guaranteed, particularly during volatile markets or price gaps.

5. Abnormal Market Conditions

During periods of high volatility, low liquidity, market openings and closings, or major news events, spreads may widen, execution may be delayed, and orders may be executed at prices materially different from those requested. The Company may, acting reasonably, reject, requote or cancel orders in cases of manifest error, abusive trading practices or technical malfunction.

6. Margin and Forced Closure

Positions opened on margin are subject to margin requirements published on the Platform. If the equity of the account falls below the required margin, the Company may close some or all open positions without prior notice to prevent the account from falling into a negative balance, in accordance with the negative balance protection described on the website.

7. Monitoring and Review

The Company monitors the effectiveness of this Policy and its execution arrangements on an ongoing basis and reviews them at least annually or whenever a material change occurs. An updated version of this Policy will be published on this website.

8. Contacts

For questions regarding this Order Execution Policy, please contact us at support@venguard.trade.