High-Impact News events can cause rapid market movements, increased volatility, wider spreads, and reduced liquidity, which may result in slippage or unexpected execution prices. For this reason, specific news trading restrictions apply to BEM Trader Accounts.
During the evaluation phases, news trading is permitted without news-related restrictions. You may freely open, close, and modify trades during High-Impact News events.
After successfully completing the evaluation phases and activating a BEM Trader Account, the following restrictions apply.
For the purposes of this rule, High-Impact News refers to announcements shared through BEM Funding’s official Discord news channels and Telegram channel.
Restricted Window
A Restricted Window applies 4 minutes before and 4 minutes after a High-Impact News event.
The restrictions depend on when your trade was opened or your order was placed.
Trades opened or orders placed 8 or more hours before the news event:
- You may keep your trades open throughout the news event.
- You may freely manage these trades and orders during the Restricted Window, including modifying Stop Loss and Take Profit levels.
Trades opened or orders placed within 8 hours before the news event:
- You may keep existing trades open throughout the news event.
- However, during the Restricted Window, you must not:
- Open, close, or modify trades or orders.
- Place, execute, or modify pending orders.
- Place, modify, or trigger market orders, limit orders, Stop Losses, or Take Profits.
Affected Instruments
Restrictions apply only to instruments impacted by the relevant news event. For example, USD-related news may affect instruments including, but not limited to, EURUSD, GBPUSD, USDCHF, XAUUSD, GER40, US30, US100, and US500.
Cryptocurrency pairs are not subject to news trading restrictions.
What happens if this rule is breached?
Each violation of this rule is considered a soft breach.
Two (2) accumulated soft breaches are considered a hard breach, which may result in account termination.
Any gains or progress resulting from a violation may be cancelled, whether the violation is a soft breach or a hard breach. Profits generated in violation of this rule may be deducted, while losses remain the User’s responsibility.
Compliance controls may be performed at any time, including after completion of the evaluation phases.
Note: BEM Funding advises subscribers to follow the High-Impact News announcements shared through the official Discord news channels and Telegram channel.