Conflict of Interest Policy
This Conflict of Interest Policy explains how Crypto Hut resolves conflicts of interest that arise within Crypto Hut, between Crypto Hut and its clients, and between Crypto Hut clients. This Policy is periodically amended to reflect changes in the Company's business or practices and to ensure compliance with changes in legislation, technology and the general business environment. This policy applies to all activities carried out by Crypto Hut and its employees.
1. The company Crypto Hut carries out all transactions with clients as a principal, hedges its net risk with counterparties; that is, the clients' goals are more coordinated with her own goals, despite the fact that she is the principal in all transactions. Since Crypto Hut does not provide investment advice, a conflict of interest cannot arise in this regard. The Crypto Hut company offers only CFD contracts, which eliminates the possibility of conflicts between different types of products.
2. Crypto Hut is responsible for identifying and resolving other conflicts of interest that arise in its activities and may entail a significant risk of harm to the interests of clients. In particular, Crypto Hut has considered potential conflicts of interest that arise when executing transactions for its clients.
3. To resolve other conflicts of interest, the following measures have been taken:
(a) When Crypto Hut executes a customer's order, it does not favor that customer over other customers and does not disclose one customer's application to other customers.
(b) Crypto Hut executes all orders electronically, in accordance with policies to ensure compliance with applicable rules and regulations regarding transactions executed on behalf of clients. The procedures adopted by Crypto Hut ensure that customer requests are processed promptly, fairly and efficiently compared to other requests. These procedures ensure that otherwise comparable orders are executed when they are received.
(c) Crypto Hut has established a procedure whereby the execution of orders on behalf of clients is promptly and accurately recorded, and otherwise comparable orders are processed consistently and promptly, unless due to the characteristics of the order or current market conditions such action is impractical or otherwise required in the best interests of the client.
(d) Crypto Hut's procedures prevent Crypto Hut, its employees and affiliates from misusing information about pending customer orders.
(e) All employees of Crypto Hut are prohibited from engaging in trading activities using personal accounts in order to avoid actual or suspected conflicts of interest.
(f) All employees of Crypto Hut are prohibited from accepting gifts or other forms of inducement from anyone who has a material interest that is reasonably likely to be materially inconsistent with the duties of Crypto Hut and/or its employees in connection with the Fair Customer Policy or such recipient's duties to customers.
4. Crypto Hut is committed to developing an effective and appropriate compliance culture to resolve any potential conflicts of interest that may arise in the future. Consequently, Crypto Hut employees are required to monitor any new circumstances that may lead to conflicts and implement measures necessary to resolve them.
5. In rare cases where Crypto Hut's conflict-of-interest procedures do not provide a high probability of preventing risks of harm to the client, Crypto Hut must clearly explain to the client the general nature and/or sources of conflicts of interest before performing any transactions for clients.
How and when to contact us
If you have any questions about the Conflict of Interest Policy, or would like to help us improve this Policy, you can contact us by emailing us at:[email protected]