ORDER EXECUTION POLICY

1. INTRODUCTION

This Order Execution Policy (“Policy”) outlines the principles applied by CaravanFX Limited (the “Company”) when executing client orders in Forex and Contracts for Difference (CFDs).

The Company is committed to taking all reasonable steps to achieve the best possible result for its clients.

2. SCOPE

This Policy applies to:

• Retail clients;
• Trading in Forex and CFD instruments;
• Execution via Company platforms (e.g., cTrader, WebTrader).

3. EXECUTION MODEL

The Company operates a hybrid execution model, which may include:

• Straight-Through Processing (STP);
• Market Maker (B-Book) execution.

The Company may act as principal (counterparty) to client transactions.

4. BEST EXECUTION PRINCIPLES

The Company considers the following factors:

• price;
• costs;
• speed of execution;
• likelihood of execution;
• size of order;
• market conditions.

Priority is generally given to price and execution quality.

5. PRICING

Prices are derived from:

• liquidity providers;
• external market data sources.

Prices may differ from other platforms.

6. ORDER TYPES

The Company supports:

• Market Orders;
• Limit Orders;
• Stop Orders;
• Stop Loss / Take Profit.

Execution depends on market conditions.

7. SLIPPAGE

Slippage may occur:

• during high volatility;
• low liquidity;
• market gaps.

Execution may occur at:

• better price;
• worse price.

8. SPREADS

Spreads may be:

• fixed;
• variable.

They may widen during volatile conditions.

9. ORDER EXECUTION

Orders are executed:

• automatically via the platform;
• without manual intervention.

Execution is subject to:

• market availability;
• system conditions.

10. REQUOTES

The Company does not guarantee execution at requested prices.

Requotes may occur when:

• price changes before execution.

11. PARTIAL EXECUTION

Orders may be partially filled when:

• insufficient liquidity.

12. PLATFORM RISKS

Execution may be affected by:

• internet connectivity;
• hardware/software issues;
• third-party failures.

13. CONFLICT OF INTEREST

The Company may:

• act as counterparty;
• have financial interest in client losses.

The Company takes reasonable steps to manage such conflicts.

14. CLIENT INSTRUCTIONS

Where the Client provides specific instructions:

• execution may deviate from best execution.

15. COPYTRADING EXECUTION

• Trades are executed automatically.
• Delays or differences may occur.
• Performance may differ from the original strategy.

16. PAMM EXECUTION

• Trades are executed by PAMM managers.
• Clients accept execution decisions.

17. CRYPTO CFD EXECUTION

• Crypto markets are highly volatile.
• Execution may be affected by 24/7 markets.

18. MONITORING AND REVIEW

The Company regularly reviews:

• execution quality;
• pricing;
• liquidity.

19. AMENDMENTS

The Company may update this Policy.

20. CLIENT CONSENT

By using the platform, the Client agrees to this Policy.

21. CONTACT

support@caravanfx.com