Dear user,
To ensure a stable and fair trading environment and manage risks in extreme market conditions, AlphaX has implemented a systematic risk control framework for TradFi perpetual contracts. Review the rules below before trading and plan your trading accordingly.
1. Product overview and market structure. AlphaX currently offers the following TradFi perpetual contracts:
More products will be added, including:
- Commodities such as natural gas and metals
- Forex
- Stocks
- Stock indices
These assets support 24/7 trading. However, their prices are anchored to underlying assets in global traditional financial markets. Therefore, as traditional markets approach close or during major macroeconomic events, price volatility patterns may change. The platform will dynamically adjust its risk control policies accordingly.
2. Trading restrictions in key periods. Even though AlphaX offers 24/7 trading, liquidity may decrease and volatility may increase during the following key periods:
- Near global market close.
- Around major data releases.
- During unexpected macro or geopolitical events.
During these periods, AlphaX may adopt the following measures to manage risk:
- Dynamically adjust max leverage for new positions.
- Restrict some of the high-risk trading behaviors.
- Margin requirements may be adjusted more strictly under certain market conditions. The changes mainly apply to new positions. Existing positions are usually not affected.
*Temporary leverage limits during affected periods:
Asset/Underlying |
Temporary maximum leverage |
GOLD (XAU) |
200x |
SILVER (XAG) |
50x |
Oil WTI (CL) |
20x |
Oil Brent (BZ) |
20x |
Forex |
200x |
Stock indices |
50x |
Commodities (common) |
5x |
3. Risk controls driven by macro events. During major macro data releases or key market events, such as interest rate decisions or inflation reports, markets may experience sharp volatility in a short period of time. To reduce risk, AlphaX may:
- Lower leverage limits of some products temporarily.
- Gradually restore parameters to normal based on market conditions.
- Increase monitoring of trading activity during periods of abnormal volatility. Users should monitor key event timings in advance and manage position size and leverage accordingly.
Events include but are not limited to:
- FOMC interest rate decisions and monetary policy statements.
- Inflation and growth data such as CPI, GDP, PCE, PMI.
- Employment data such as NFP and ADP.
- Commodity inventory data such as crude oil stocks.
- Key macro indicators from major economies.
*Temporary leverage limits during affected periods:
Asset/Underlying |
Temporary maximum leverage |
GOLD (XAU) |
200x |
SILVER (XAG) |
50x |
Oil WTI (CL) |
20x |
Oil Brent (BZ) |
20x |
Forex |
200x |
Stock indices |
50x |
Commodities (regular) |
5x |
4. Definition of abnormal trading behaviors. AlphaX maintains a fair and transparent market. Abnormal trading is strictly prohibited. Monitored behaviors include but are not limited to:
- Opening unusually large positions in a short period using high leverage.
- Coordinating multiple accounts to influence market prices.
- Disrupting the market through spoofing orders or wash trading.
- Exploiting latency or technical advantages for unfair execution.
- Engaging in high-frequency short-term trading during low-liquidity periods.
- High-frequency algorithmic trading that creates abnormal system load. In addition, unusually intensive trading during price-sensitive periods (such as around macro data releases) may also be included in risk monitoring.
5. Risk control measures. For identified abnormal or non-compliant trading activities, AIphaX will take appropriate actions based on the risk level, including but not limited to:
- Reclaim profits from abnormal trading.
- Restrict trading access.
- Suspend partial or full account features.
- Accounts involved in serious violations will be banned. All actions will be assessed on a case-by-case basis to preserve market integrity.
6. Risk disclosure and additional notes. Although AlphaX provides a 24/7 trading environment, asset prices are still influenced by the global financial markets. Around closure of traditional market and during major events, price volatility and liquidity may change significantly. The platform will continue to enhance its risk control framework to ensure trading continuity while managing overall risk. Users should:
- Fully understand the product.
- Carefully use leverage.
- Manage positions and risk properly. Final parameters and trading rules are subject to real-time display on the platform.
Disclaimer: This article is for the purpose of explaining AlphaX risk control mechanisms only and does not constitute any investment advice. Users should trade cautiously based on their own risk tolerance.