15.1. When you place an Order on the Trading Platform, the Company forwards your orders for execution to the execution venue with which it has an arrangement. It is acknowledged that the Company does not operate as a market maker or product issuer. Instead, in accordance with the FAIS Act, the Company functions solely as an intermediary between the Client and the execution venue (product supplier), providing intermediary services only. UKUCHUMA FINANCIAL SERVICES (PTY) LTD does not engage in market making for any derivative products offered by the execution venue and, as such, does not act as a principal or counterparty in any transaction.

15.5. You acknowledge that all of our prices and Quotes shown on the Trading Platform are the ones provided by the Company’s Execution Venue. The Execution Venue obtains prices (BID and ASK prices) of the Underlying Asset for a given CFD from third party reputable external reference sources (i.e. price feeders). The Execution Venue then uses these prices to calculate their own tradable prices for a given CFD and provide them to the Company.

...you will not enter into any Transaction for the purposes of arbitrage, Scalping or to exploit any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform.

...The Company guarantees on a non-discretionary basis “Negative Balance Protection” for the Client.

Quotes and Margins are set by ‘XPROMARKETS” and may differ from other firms. FX Novus (PTY) Ltd will exercise discretion in setting and collecting Margin.