The rule: You may not place opposing pending orders around price immediately before a major news event to capture movement in either direction.
Instant Funding & Flex only: You may not open a position within five minutes before or after a high-impact (red-folder) news release. Placing opposing pending orders around price immediately before major news to capture movement in either direction is also prohibited.
Example of a breach
13:28 — buy stop GBPUSD at 1.2720, sell stop at 1.2680, ahead of a 13:30 CPI release
13:30 — price spikes up, buy stop fills, sell stop cancelled
Result: +$1,400
No directional view was taken. The structure was built to profit whichever way price moved.
The compliant version. A single buy stop at 1.2720, based on an expectation that the release favours the pound. No opposing order.
Common question — is all news trading prohibited? No. You may trade news directionally. All other account rules — drawdown, exposure limits, stop-loss requirements — continue to apply during volatile conditions, and spreads widen.
What may be reviewed: order timing, order direction, event timing, whether the setup captured either direction.
Possible outcome: profit adjustment, payout rejection, or account breach.