Crypto Arbitrage Policy

Crypto arbitrage is the practice of profiting from short-lived price differences for the same asset across markets and venues. On FexWave, arbitrage is offered as a premium account benefit with dedicated routing, priority execution and enhanced limits. This Policy sets out who may take part, the conditions that apply, and the disclosures every participant accepts before using the feature.

By enabling or using any arbitrage functionality on FexWave, you confirm that you have read, understood and agreed to this Policy, the Client Agreement, the Risk Disclosure and the AML & CFT Policy. Where this Policy conflicts with a specific written agreement between you and FexWave, the specific agreement prevails.

1. VIP Tiers and Eligibility

Account privileges on FexWave are organised into tiers. Each tier unlocks progressively lower fees, higher daily limits and additional features. Your tier is determined by your account standing and, where applicable, is set or confirmed by FexWave at its discretion.

• Regular. The standard account level. Full access to deposits, spot trading, swaps and withdrawals within standard limits. Arbitrage is not enabled.
• VIP 1 and VIP 2. Reduced trading and withdrawal fees and higher daily withdrawal limits. Priority support and early access to selected products.
• VIP 3. Unlocks Crypto Arbitrage, alongside further fee reductions and expanded limits. This is the entry tier for arbitrage participation.
• VIP 4 and VIP 5. The highest tiers, with the lowest fees, the largest limits, dedicated account handling and enhanced arbitrage routing and allocation.

Crypto arbitrage is available to eligible VIP accounts only. A Regular account cannot access the feature until it has been upgraded to a qualifying VIP tier. Eligibility is not automatic: FexWave may require identity verification, a source-of-funds check and a qualifying account balance or deposit before arbitrage is enabled.

2. Activation Requirements

Before arbitrage is activated on an account, FexWave may require any combination of the following, in line with our compliance framework and internal risk controls:

• Completion of identity verification (KYC) to the level required for the account tier;
• A qualifying deposit or minimum account balance that evidences genuine funding and supports the arbitrage allocation;
• Validation of the source of funds, which may include a certified transfer from the primary funding source used to capitalise the account, consistent with the AML & CFT Policy;
• Acceptance of the applicable fees, limits and settlement terms disclosed at the time of activation.

The required amounts are determined on a risk-based assessment of transactional patterns, cumulative activity and the tier applied for. Meeting the minimum does not by itself guarantee activation, which remains subject to review.

3. Execution, Settlement and Limits

Arbitrage opportunities are transient and depend on market conditions, liquidity and network state. FexWave does not guarantee that any opportunity will be available, that a position will fill at an indicated price, or that a given return will be achieved. Quoted rates and expected outcomes are indicative and can change before execution completes.

• Allocation size, frequency and per-cycle limits are set by tier and may be adjusted at any time.
• Fees and any performance component are disclosed before you commit and are applied at settlement.
• Withdrawal of arbitrage proceeds is subject to standard withdrawal limits, holds and compliance checks.

4. Fair Use and Prohibited Conduct

Participants must use arbitrage functionality in good faith and in compliance with all applicable law. The following are strictly prohibited and may result in suspension of the feature, reversal of affected transactions, or closure of the account:

• Market manipulation, wash trading, spoofing, or any attempt to create false or misleading activity;
• Exploiting technical faults, pricing errors, latency or system defects rather than genuine market spreads;
• Use of funds derived from unlawful activity, or any conduct that breaches sanctions or the AML & CFT Policy;
• Operating multiple accounts, automated abuse, or circumventing tier limits and eligibility controls.

5. Regulatory and Compliance Framework

FexWave applies market-conduct and financial-crime standards aligned with recognised international frameworks, including anti-money-laundering and counter-terrorist-financing directives and sanctions regimes administered by the United Nations, the European Union, the UK and the US Office of Foreign Assets Control. Arbitrage participation is monitored on an ongoing, risk-based basis, and FexWave reserves the right to request further information, pause activity, or report to the relevant authorities where required.

FexWave may vary, suspend or withdraw arbitrage functionality, or any tier benefit, at its discretion and without notice where necessary to protect users, comply with law, or maintain the integrity of the platform.

6. Risk Disclosure

Crypto assets are volatile and arbitrage does not remove market, liquidity, execution, network or counterparty risk. Spreads can close before a cycle settles, and outcomes may be lower than expected or result in loss. Nothing in this Policy or on FexWave is investment advice. You should only allocate funds you can afford to lose, and you remain solely responsible for your decisions. Please read the full Risk Disclosure for further detail.