To protect users and maintain fair markets, XT monitors accounts, devices, trading patterns, and fund flows for abusive activity. Users found engaging in illicit arbitrage or market abuse may face identity verification, profit confiscation, trading restrictions, asset freezes, account suspension, or termination.
I. Abnormal Trading Activities and Corresponding Measures
1. Abnormal Trading Activities
The following activities are considered abnormal trading by XT:
1.1 Excessive trading, including abnormal intraday position-opening volume;
1.2 Self-trading;
1.3 Positions held across commonly controlled or related accounts that, when aggregated, exceed XT’s position limits;
1.4 Matched trading, wash trading, position locking, or similar activities conducted through related accounts;
1.5 Pump-and-dump schemes, spoofing, false orders, or other activities intended to influence or manipulate market prices for improper gain;
1.6 Account takeover activities, including stealing another user’s account credentials or using related accounts to conduct unlawful or non-compliant transactions and transfer funds;
1.7 A/B-account trading intended to obtain abnormal gains by exploiting fee discounts, rewards, promotional campaigns, liquidation mechanisms, or similar arrangements;
1.8 Wash trading, artificial volume generation, or similar activities conducted through an account or related accounts;
1.9 Unauthorized quantitative trading or arbitrage activities;
1.10 High-frequency trading or the use of automated programs to conduct prohibited high-frequency activities, including wash trading, fee farming, arbitrage, matched trading, position locking, or market manipulation;
1.11 Abnormally coordinated or highly correlated trading among related accounts;
1.12 Operating or trading another person’s account on their behalf;
1.13 Participating in price manipulation or any other malicious market activity;
1.14 Exploiting vulnerabilities in XT’s systems or using other improper methods that may harm XT or its users;
1.15 Participating in any other activity that XT considers harmful to the market;
1.16 Using multiple devices or accounts to farm fees, generate artificial volume, conduct wash trades, execute matched orders, or engage in similar activities;
1.17 Exploiting system vulnerabilities, bugs, abnormal prices, risk-control weaknesses, API errors, matching-engine errors, fund-processing errors, or reward-distribution errors to obtain abnormal profits.
2. Abnormal Trading Related to Commission-Rebate Arbitrage
The following activities are considered abnormal commission-rebate arbitrage:
2.1 Repeatedly conducting transactions primarily for the purpose of earning commission rebates;
2.2 Conducting arbitrage through multiple related accounts, including but not limited to exploiting promotional campaigns or commission rebates;
2.3 Conducting position-locking arbitrage, including but not limited to A/B-account positions, opposing positions, or reciprocal trading intended to generate fees;
2.4 Channel partners or agents organizing users to generate artificial volume, conduct matched trades, engage in high-frequency trading, or self-trade for the purpose of earning commission rebates;
2.5 Repeatedly trading to obtain abnormal gains by exploiting VIP discounts, commission-rebate policies, or similar arrangements;
2.6 Conducting self-rebate transactions primarily to obtain high commission rebates, particularly through low-quality acquisition channels.
3. Exceeding XT’s Intraday Position-Opening Limits
The following activities are prohibited:
3.1 Using multiple related accounts to exceed the intraday position-opening limit established by XT for a particular trading product, including but not limited to XT spot trading, futures trading, and margin trading;
3.2 Using multiple related accounts to exceed XT’s daily open-position limit for a particular trading product, including but not limited to XT futures trading, spot trading, margin trading, and leveraged ETFs.
4. OTC Activities Involving Suspected Money Laundering, Fraud, or Malicious Trading
The following activities are prohibited:
4.1 Allowing an account to be used by another person or buying or selling digital assets on another person’s behalf. This includes selling, lending, leasing, or otherwise making an account available to another person, as well as conducting transactions on another person’s behalf under circumstances that may indicate money laundering;
4.2 Receiving or introducing digital assets or funds from unlawful sources. This includes transferring illicit digital assets or funds to XT when the user knows, or should reasonably know, that the assets or funds received through another platform or group chat may be associated with illegal activities;
4.3 Failing to link valid payment information that matches the account holder’s verified identity, or providing a buyer with a payment method whose account holder does not match the verified identity registered with XT;
4.4 Marking an order as paid without completing payment and fabricating payment records, or falsely claiming that payment was not received after receiving it;
4.5 Frequently cancelling orders, adding high-risk remarks to payments, maliciously targeting improperly priced orders, or engaging in similar malicious trading activities;
4.6 Any other unlawful or non-compliant trading activity.
5. Measures for Addressing Abnormal Trading
XT may take one or more of the following measures:
5.1 Immediately terminate the user’s account and access to XT’s servers and confiscate or deduct any improperly obtained proceeds;
5.2 Declare all transactions constituting ultra-short-term abusive trading invalid, including rolling back the relevant transaction data;
5.3 Close all positions or transactions constituting ultra-short-term abusive trading at the prevailing market price.
II. Types and Handling Measures for Matched Trading, Wash Trading, A/B Positions, and Prohibited High-Frequency Trading
1. Types and Characteristics of Matched Trading
1.1 Account Takeover Trading
Using stolen login credentials to trade against an account controlled by the perpetrator, disrupting trading order and transferring funds.
1.2 Matched Trading Between Related Accounts
Two or more related accounts place coordinated orders at the same time and price. One account deliberately incurs losses while another profits, thereby transferring funds between the accounts.
1.3 Transfer of Funds from Entrusted Accounts
An account operator trades an entrusted account against their own account to transfer funds to the account they control.
1.4 Identification of Related Accounts
Related accounts may be identified by similar registration times, the same registration IP address, the same deposit or withdrawal addresses, or other relevant information.
2. Types and Characteristics of Wash Trading, A/B Positions, and Prohibited High-Frequency Trading
2.1 Multiple related accounts place trades during the same period involving the same instrument and direction, with similar position sizes and opening and closing prices.
2.2 A single account or multiple related accounts place opposing trades in the same instrument during the same period, with similar position sizes, using manual or pending orders to open and close positions.
2.3 Rapidly opening and closing positions within an extremely short period.
3. Measures for Matched Trading, Wash Trading, and Other Violations
XT may order users to rectify violations and confiscate illicit gains. Less serious violations may result in warnings, forced liquidation, or suspension of position opening. Serious violations may result in public censure, forced liquidation, suspension of position opening, account freezing, or a market ban.
Suspected violations of applicable laws may be referred to judicial authorities or pursued through legal proceedings.
III. Trading Quality Assessment, Dynamic Channel Management, and Handling Measures
XT regularly assesses the trading quality of users and channel users based on market conditions, compliance requirements, risk controls, trading frequency, self-trading rates, counterparty concentration, risk scores, user retention contribution, channel quality, and other factors.
If trading quality declines, XT may adjust VIP levels or rebate rates, increase trading fees, or suspend rebates or campaign eligibility.
XT may determine whether trading is abnormal based on market conditions, trading data, fund flows, account relationships, risk models, data analysis, and manual review.
Violations will not be determined by any single indicator. XT reserves the right of final interpretation.
XT strictly prohibits unfair trading practices and may impose account controls at its sole discretion if you:
- Manipulate prices or engage in other malicious market activities;
- Exploit service vulnerabilities or use improper means that may harm XT or its users;
- Engage in any other activity XT considers harmful to the market;
- Use multiple devices or accounts for fee farming, hedging, or similar activities.