Order Execution Policy 1. Introduction WSpace Holdings LLC (hereinafter the “Principal”) is a corporation organized under the laws of Saint Vincent and the Grenadines, acting herein as the principal entity, liquidity provider and counterparty to the trades executed on its trading platform as specified hereunder (hereinafter the “Policy”). WSpace (Pty) Ltd (hereinafter the “Company”) is a company incorporated and registered under the laws of South Africa, with registration number 2016/506271/07. The Company is authorized and regulated by the Financial Sector Conduct Authority (hereinafter the “FSCA”) under the FAIS Act (FSP license number 49128). The Company is authorized to provide marketing and intermediary services as provided for in this Policy. The Principal, in line with the Relevant Regulations, maintains policies, procedures and strategies to meet its overarching obligation to take reasonable steps to deliver the best possible result for its clients based on defined execution factors. These are covered within this document and are commonly referred to as “Best Execution”. The Best Execution of client trades is effected in the country of the Principal’s incorporation. The objective to deliver these obligations ties in with the Principal’s obligations under the Relevant Regulations, and any separate fiduciary duties or contractual obligations that the Principal owes its clients. The Principal and all staff, in keeping with its regulatory and legal duty to avoid conflicts of interests have a direct interest in ensuring the best possible execution for its clients. The Company provides marketing and intermediary services in South Africa , as defined in section 1 of the Financial Advisory and Intermediary Services Act, 2002, in respect of the Principal’s products. The Principal does not provide any products or services in South Africa. 2. Legal and Regulatory framework In line with the Relevant Regulations the Principal is required to set up the Straight Through Processing (STP)/ Electronic Communication Network (ECN) Order Execution Policy and to take all sufficient steps to obtain the best possible results for its clients (“best execution”) when the Principal is executing client orders in relation to the financial instruments. This Policy sets out a general overview on how the Principal will obtain the best possible result when the Principal executes client orders by taking into account the criteria and factors stated below. The Principal applies this Policy upon acceptance of an order and when a client gives no specific instruction on the execution method. Nevertheless, when the client gives a specific instruction on an order, the Principal will execute the order following such instruction. If the Principal receives a specific instruction on an order, this may prevent the Principal from implementing this Policy to obtain the best possible result for the execution of the order. 3. Scope This Policy shall apply whenever the Principal executes orders on behalf of its clients via the STP/ECN model. The Principal will act as counterparty to the trade executed on behalf of a client. Despite the fact that the Principal takes all sufficient steps to obtain the best possible result for its clients, it does not guarantee that when executing a transaction, the client’s price will be more favorable than one which might be available elsewhere. This Policy app 4. Types of Financial Instruments This Policy applies when the Principal provides the investment services in relation to one or more financial instruments and/or when executing orders on behalf of retail and professional clients. The financial instruments provided by the Principal are Over the Counter (" OTC") Financial Contracts for Differences (CFDs). In particular: a. Contracts for Difference (CFDs) on currency pairs, b. CFDs on spot metals, c. CFDs on spot indices, d. CFDs on spot commodities, e. CFDs on futures, f. CFDs on shares, g. CFDs on Cryptocurrencies For more information on the contract specifications visit www.tdmarkets.co.za. 5. Operating hours