ORDER EXECUTION POLICY

1. CloudMarkets. House Ltd; operating under the brand name ‘iFOREX’, a company registered and existing
under the laws of the United States, licensed and supervised by the British Virgin Islands’ Financial Services
Commission under license no. SIBA/l/13/1060.

2. This notice provide clients and potential clients with appropriate information on the Company’s Order Execution
Policy (hereinafter the “Policy”).

3. This Policy forms an integral part of the Company’s Client Agreement (“Client Agreement”). Therefore, by entering
into an agreement with the Company, the client also agrees to the terms of this Policy which should be read in
conjunction with the Client Agreement. In any conflict between the Policy and the terms of the Client Agreement,
the terms of the Client Agreement shall prevail.
Further to this, the Client also agrees to the fact that the Company’s financial products are offered on an overthe-counter basis and not through a regulated market or a Multilateral Trading Facility (MTF) and that the
Company acts as a principal to the client’s trades. This means that the client must open and close every trade
with the Company and cannot close an open trade with a third party.
The Company is therefore the sole execution venue for trades executed by it for the client.

4. The Client should further be aware that the Company holds a negative balance protections policy which
guarantees that in any event the Client will not lose more than its deposit amount.