This Order Execution Policy (“Policy”) explains how Riyadex Financials (Pty) Ltd. (“the Company”, “we”, “us”) executes client orders in Forex, CFDs, and other leveraged OTC derivatives.
This Policy forms part of the Client Agreement and applies to all clients using our trading platforms.
The purpose of this Policy is to ensure that the Company takes all reasonable steps to achieve the best possible trading result for clients under prevailing market conditions.
1.1 This Policy applies to all retail and professional clients placing orders through RIYADEX trading platforms.
1.2 It applies to all instruments offered, including but not limited to:
1.3 The Company operates on an execution-only basis and does not provide investment advice or portfolio management.
2.1 RIYADEX acts as the principal in all transactions, meaning we are the sole execution venue.
2.2 We may hedge our exposure with liquidity providers but are not obligated to do so.
2.3 Pricing is sourced from multiple reputable liquidity providers and aggregated to provide competitive bid/ask pricing.
RIYADEX supports several order types, including:
Each order type is executed according to market conditions at the time of execution.
When executing client orders, we consider the following factors:
4.1 Price
The most significant factor. Prices are derived from liquidity providers and reflect the best available bid/ask at the moment of execution.
4.2 Costs
Includes spreads, commissions (if applicable), and swap/rollover fees.
4.3 Speed of Execution
Execution speed depends on server load, internet connectivity, and market volatility.
4.4 Likelihood of Execution
Depending on liquidity conditions, some orders may experience delays, rejections, or partial fills (where allowed).
4.5 Order Size
Large order volumes may affect execution speed or availability of liquidity.
4.6 Market Conditions
High volatility, low liquidity, or news events may affect spreads and execution quality.
5.1 All instruments are quoted on the platform with real-time bid/ask pricing.
5.2 Prices reflect conditions of the underlying market and may change rapidly.
5.3 Spreads may:
5.4 The Company may reject orders if pricing is unavailable or disrupted.
6.1 Slippage occurs when an order executes at a price different from the one requested.
6.2 Slippage may be positive (better price) or negative (worse price).
6.3 It commonly occurs during:
6.4 The Company does not guarantee execution at the requested price.
7.1 A requote occurs when the market changes during order submission.
7.2 In such cases, the platform will provide the new price for acceptance.
7.3 Requotes occur mainly in periods of high volatility.
Orders may be rejected due to:
The Company is not obliged to provide detailed reasoning for every rejection.
9.1 Stop Loss Orders are not guaranteed and may not execute at the exact requested price.
9.2 Take Profit Orders execute at the requested level where liquidity allows.
9.3 In fast-moving markets, orders may execute at the next available price.
10.1 Gaps occur when prices jump significantly due to:
10.2 Gap execution may result in orders being filled at significantly worse or better prices than requested.
11.1 Orders are executed electronically on RIYADEX trading platforms.
11.2 Execution may be impacted by:
11.3 The Company is not responsible for losses resulting from client-side technical issues.
12.1 Clients may use EAs or automated trading tools unless they:
12.2 The Company may restrict or block abusive automated strategies.
Prohibited behaviors include:
The Company may take corrective actions including cancellation of trades.
RIYADEX will take all reasonable steps to obtain the best possible result for clients, considering the execution factors and available market conditions.
However, best execution is not a guarantee of receiving the most favorable price.
15.1 This Policy is reviewed annually or sooner if:
15.2 Updated versions will be published on the Company website.
By entering into the Client Agreement and placing trades, the Client consents to:
