A reference in this document to “we”, “us”, “NIYAFA FX”, “our”, and “ourselves” is a reference to NIYAFA FX LTD.

This Policy applies to all clients of NIYAFA FX LTD when executing transactions in the financial instruments provided by us, including but not limited to Contracts for Differences (CFDs).

This Policy is provided to you alongside the NIYAFA FX LTD 'Terms and Conditions' and contains further details on our services and the activities you may carry out with us.

The Order Execution Policy of the Company applies to all clients, ensuring that their orders are executed consistently with our obligation to take all sufficient steps to obtain the best possible result.

Prices: We receive price feeds from leading liquidity and data providers. Having multiple liquidity providers is important, especially during abnormal market conditions, such as times of extreme volatility when some providers may widen spreads or stop quoting prices. This enables us to provide competitive prices as the remaining providers continue to offer their best 'bid' and 'ask' prices.

Slippage: Slippage refers to the difference between the executed price and the order price at the time the order is submitted for execution. It is a normal aspect of trading, particularly during times of thin liquidity or volatile markets.

Partial Fills: This is the practice of executing an order in parts when there is insufficient liquidity in the market. Partial fills may be executed at different prices than the requested price.

Commission and Mark-up: Clients may be charged a commission or a mark-up depending on the account and instrument type. Further information is available on our website.

Trade Rejection: A trade may be rejected for reasons including but not limited to:

• No liquidity in the market.

• Trades submitted at prices considered old or invalid by the system.

• Insufficient free margin in the account.

• Trading restrictions on the instrument.

• Breach of NIYAFA FX's internal policies and procedures.

The leverage level used for margin calculations will be the lower between the account and the symbol traded.

Changes to leverage on an active account can affect open positions and may result in a stop-out.

Positions may be automatically closed if the margin level falls below a certain threshold.

We take all sufficient steps to obtain the best possible result for our clients, considering price, costs, speed of execution, likelihood of execution and settlement, size, nature, or any other relevant factor.

Specific Client Instructions: If a client provides specific instructions on how to execute their order(s), this may prevent us from taking the steps set out in this Policy to achieve best execution.

We regularly monitor the quality of execution and review our execution arrangements to ensure compliance with this Policy.

Changes to this Policy will be communicated to clients as necessary.

By entering into the 'Terms and Conditions', you consent to the terms of this Order Execution Policy and acknowledge that transactions with us are conducted through our trading platform and are subject to our terms and conditions.

Specific leverage limits or restrictions on instruments may apply according to applicable legislation and NIYAFA FX’s policies.

CFDs may not be suitable for all investors, and trading in these products involves significant risk.

For any questions regarding this Policy, please contact our Customer Support Department via email at support@Niyafafx.com, or via phone at the numbers listed on the Contact section of our website.