Prohibited Cheating Practices
Naturally, any trading styles considered as "cheating" are strictly prohibited and will result in a violation of our Terms of Service. Therefore, strategies that exploit demo accounts to generate risk-free, consistent profits are against our rules. Our Funded Traders are expected to trade their accounts as if they were live accounts. Using strategies that take advantage of demo accounts will lead to the closure of a Funded Trader’s account, whether during the evaluation phase or after funding.
Example Strategies That Violate Our Rules
Exploiting platform or data freezing due to a Demo Server error
Using delayed data feeds
Trading on delayed charts
Tick scalping, high-frequency trading, arbitrage bots
Reverse arbitrage
Latency arbitrage
Hedge arbitrage or any emulators
Spamming Order Book
Gambling
Third Party EAs
These are some of the most common strategies used to exploit demo accounts. However, this list does not cover all possible strategies that violate our trading rules. Any account found using unfair strategies or unrealistic trading styles will be deemed ineligible for funding.
Password Policy
The exact password sent by us via email must be used to access the platform. Changing passwords is not allowed.
Gambling Policy
We have a strict policy against "all or nothing" trading strategies and do not accept any strategies relying on this approach. Neomaaa is committed to identifying unique and successful traders who can effectively manage risk, generate profits, and maintain consistency in the financial markets. These are the traders we partner with and provide with qualified trader accounts of up to $250,000.
We do not tolerate trades that are considered "all or nothing," nor do we accept strategies dependent on this style of trading.
This involves excessive use of leverage and risking a large portion of your account on limited trades, for example, using over 50% of your margin on the opening of your positions. This can result in your account being reset.
We believe trades resembling gambling do not reflect a trader’s ability to manage risk, generate profits, and remain consistent in the markets. Such activities will result in the termination of your contract and the removal of your Qualified Trader Account.
Third Party EAs
Using EAs from outside sources (market, internet) risks both our company and the trader. If we find multiple traders using the same EA and making identical trades, we'll flag the account for breaking our "Copytrading" rule. This could lead to account closure.
Order book spamming
What is Order Book Spamming?
Order book spamming involves placing a large number of small orders in the order book to create a misleading impression of market activity. This is a manipulative practice that can disrupt market integrity, provide unfair advantages to certain traders, and strain trading systems.
Why is Order Book Spamming Prohibited?
Unfair Advantage: Traders who use this tactic can gain an unfair edge, particularly in a simulated trading environment where the repercussions are not as severe as in live trading. This undermines the fairness and integrity of the trading platform.
System Strain: Excessive orders can overwhelm trading platforms and systems, causing delays and affecting overall market stability and efficiency. This can lead to slower response times and reduced performance for all users.
Example of Order Book Spamming:
A trader entering multiple small orders (e.g., 0.1 lots) in a short time period instead of placing a single larger order (e.g., 1 lot). This activity can be seen as an attempt to manipulate the price feed in a simulated environment.