TradeNow Live Trading Platform: Terms, Conditions and Policies

These are the Terms and Conditions outlined by TradeNow for trading on our platform. It is important to read and understand these terms before using our platform, as they outline the rules and expectations for users. Here is a breakdown of each point:

1. Scalping i.e., Profit Booking within 5 Minutes: Any profits made within 5 minutes of a trade will be considered as jobbing or scalping. The platform reserves the right to remove such profits.

2. No VPN Usage: Trading on the platform using a VPN (Virtual Private Network) is not allowed. If someone is found using a VPN, his or her trades will be deleted.

3. Dividend and Bonus: Dividend and bonus calculations will follow the rules and regulations of the relevant stock exchange circulars.

4. Cross Orders and Same IP Address: The platform will cancel cross orders and trades made with the same IP address. Trading with the same IP address in multiple accounts is strictly prohibited, and profitable trades may be removed without prior notice.

5. Guaranteed Negative Balance Protection: The platform offers protection against negative balances, with a specified step-out level of 30%.

6. Execution of Orders: Stop loss and other orders will be executed based on bid/ask prices, not the last traded price (LTP).

7. Prohibited Trading Practices: Chamka (possibly a term specific to the platform), lines, and insider trades are not acceptable.

8. Reporting Glitches: Users are required to report any glitches or software issues immediately. If a client cannot close their positions due to a software glitch, they should notify the platform, and the positions will be squared off at the current market price (CMP) upon receipt of the message.

9. Group Trading: Group trading is not allowed on the platform without prior permission from the platform's administration.

10. Payout Delays: Payouts may be delayed due to banking server issues, and clients are advised to be patient in such situations.

11. Margin and Fund Management: Clients are responsible for maintaining adequate margin/fund levels to avoid partial liquidation or losses.

12. Account Locking: If a client does not use their account for 7 days, it will be locked for security reasons. To unlock the account, the client should contact customer support.

By continuing to Trade, you acknowledge that you have read, understood, and agree to abide by the Trading Platform Terms and Policies provided above.