The following strategies are strictly prohibited across all Legion Funded models and phases:
Copy Trading : Copying trades from any external signal provider or another trader's account is not allowed.
Hedging Policy :
Hedging is not permitted on any Legion Funded account.
A prohibited hedge includes opening opposing positions (long and short) on the same trading instrument, whether within a single account or across multiple accounts owned or controlled by the same trader.
Prohibited Activities
The following practices are not allowed:
Opening long and short positions on the same instrument within the same trading account.
Reverse hedging across multiple accounts owned or controlled by the same trader.
Coordinating opposing positions between two or more accounts to offset risk or manipulate trading results.
Examples
Example 1 – Same Account
A trader opens a Buy position on EUR/USD and later opens a Sell position on EUR/USD in the same account while the original position remains open.
This is considered prohibited hedging.
Example 2 – Multiple Accounts
A trader opens a Buy position on XAU/USD in one Legion Funded account and simultaneously opens a Sell position on XAU/USD in another Legion Funded account under the same ownership.
This is considered reverse hedging and is strictly prohibited.
High-Frequency Trading (HFT): Automated high-frequency strategies are prohibited.
Latency Arbitrage: Exploiting latency differences between data feeds or brokers is banned.
Gap Trading : Strategies specifically designed to exploit market gaps (e.g., weekend gaps) are not allowed.
Arbitrage Trading : Any form of price arbitrage between platforms or instruments is prohibited.
Why is Order Book Spamming Prohibited?
Maintaining Fair Trading Conditions:
Order book spamming can give certain traders an unfair advantage, especially in simulated or prop trading environments where risks are lower than live markets. This behaviour compromises the integrity and fairness of the platform.
Protecting System Performance:
Submitting a large volume of unnecessary orders can overload trading systems, leading to delays, slower execution speeds, and reduced platform stability for all users.
Example of Order Book Spamming-
For example, a trader places 20 separate orders of 0.05 lots within a few seconds instead of executing a single 1-lot trade. Repeatedly splitting orders in this manner may be considered an attempt to create artificial market activity or manipulate pricing behaviour in a simulated trading environment.
Note: Violation of prohibited strategy rules may result in account closure