Finexo Review. Finexo는 Saxo Bank의 화이트 라벨 파트너였습니다. 다른 것들 중에서도 유명하고 존경받는 투자 은행으로 자리 매김했습니다. 외환 거래를 그만 두었습니다. 사이프러스에있는 한 회사와 이스라엘의 복장을 통해 매각되었습니다. 불행히도, 결과에는 긍정적 인 것보다 더 적 었어요. Finexo는 이제 모든 심각한 투자자가 명확하게 조종하도록 권유받은 본격적인 양동이 가게입니다. 모든 시장 제작자가 부실한 방법으로 돈을 버는 것은 아니며, 거기에 충분한 가난한 상인이 있습니다. 공정한 시장에서 돈을 잃어 버리려는 사람들조차도, 이기는 사람들조차도 언제, 누구를 상대로, 더 높은 계층의 헤지 펀드를 거래하는지에 대해 알면 시장 지배자는 스프레드로부터 이익을 얻을 수 있습니다 기관 그러나 Finexo의 한 눈에 보이는 것보다 더 많은 것은 당신에게 카드가 여기에 쌓여 있다는 것을 보증 할 것입니다. 현금 인출은 매우 까다 롭고 법적 소송은 거의 없다는 사실도 있습니다 우리는이 시간에 Finexo와 비교 거래를하지 않는 것이 좋습니다. 주저하지 말고, 우리는이 시간에 Finexo With Compare를 사용하지 않는 것이 좋습니다. 주관적 평가. 이것은 중개인 플랫폼에서 패키지가 얼마나 좋은지에 대한 주관적인 견해입니다. 중개인 여러 거래 플랫폼을 제공하며 최상의 금리 등급을 제시합니다. 실제 계좌를 거래 한 경험을 토대로 브로커의 주문 수행을 평가하는 방법입니다. 채권이 보장되는 중개인은 신용 등급이 상승합니다. 사용자 친화적 인 거래 플랫폼은 브로커 여러 거래 플랫폼, 우리는 최고의 하나를 평가합니다. 얼마나 좋은 회사의 고객 지원 질문 및 문제를 관리하는 비즈니스로서의 전반적인 성능의 매우 중요한 측면입니다 우리는 운영 시간, 전화와 같은 연락의 다른 모드를 고려이 등급 뒷자리 서비스, 실시간 채팅, 수신자 부담 번호 등을 비롯하여 직원의 인내심, 도움을 줄 수있는 열정, 가장 중요한 지식 등이 포함되어 있습니다. 거래 비용이 분산됩니다. 브로커가 다르기 때문에 다양한 스프레드, 변수 또는 고정, 수수료 또는 수수료없는 거래 등 다른 통화 쌍 거래 비용을 판단하는 아이디어는 전반적으로 다소 주관적입니다. 우리는 거래 비용을 낮게 유지하려는 브로커의 전반적인 의지를 포착하려고 시도합니다. 롤오버 이자율 각 중개인은 하룻밤 이자율을 계산하거나 각 통화별로 스왑 할 수있는 방법이 있기 때문에 객관적이고 정량적 인 방법으로 스왑 속도를 판단 할 수는 없습니다. 일부 브로커가 스왑을 제안하기 때문에이 문제는 더욱 복잡합니다. 무이자 계좌, 일부는 추가 수수료가 부과되거나, 일부는 추가되거나, 일부는 이슬람 교역자 전용이며, 일부는 일반 대중을 대상으로합니다. 이 등급은 모든 것을 하나로 전환하려고 시도합니다. 브로커 비즈니스의 자주 간과되는 측면 중 하나는 , 효율적이고 저렴하게 인출 절차를 처리합니다. 이 등급에 대해 우리는 인출 절차가 완료되는 데 걸리는 시간, 소요되는 비용 전자 상환, PayPal, Moneybookers 등과 같은 이용 가능한 인출 방법의 수와 같은 과정에서 발생한 모든 문제가 있습니다. 다른 플랫폼은 매우 다른 복잡성 수준이 있습니다 일반적으로 복잡한 거래 플랫폼은 사용자에게 더 많은 유연성을 제공합니다 새로운 사용자가 자신의 특질에 익숙해지기까지 오랜 학습 곡선을 필요로 함이 등급은 거래 플랫폼이 복잡한 업무, 특히 주문 관리 및보고를 완료하는 능력을 측정합니다. 여러 플랫폼을 제공하는 중개인의 경우, 가장 불편하고 값 비싼 불만 중 하나는 중개인에 대해 거래 플랫폼이 가장 중요한시기에 충돌한다는 것입니다. 이 등급은 거래 플랫폼이 안정성과 안정성 측면에서 어떻게 수행되는지에 대한 처리를 시도합니다. 플랫폼을 항상 사용할 수 있습니까 크래시가 발생하거나 멈 춥니 다. 얼마나 자주 여러 플랫폼을 제공하는 중개업자에게 최선의 평가를 내립니다. 산술 가장 가까운 절반 등급으로 반올림 한 위의 모든 등급의 평균입니다. 고객 계정 분리. 일부 중개인은 독자적으로 선택하고 다른 회사는 고객 자금을 회사 운영 자본과 분리하여 규제 기관에 요구합니다. 중개인이 파산하여 파산해야하는 경우 파산의 경우 분리가 고객 자금의 절대적인 안전을 구성하지는 않지만 중요한 단계입니다. 소득에 대한 세금 징수. 이 중개인은 고객 수익을 모든 세무 당국 그렇다면 어느 것. 미국 상인을 수락하십시오. 정부 규정이나 자체 위험 관리 정책으로 인해 중개인은 미국의 고객을 금지합니다. 주요 유동성 공급자. 대부분의 중개인은 다소 비밀합니다. 그들의 사업의 이러한 측면이지만, 고객에게 가치있는 정보를 확실히 제공하지 않는 사람들은 더 많은 유동성을 얻을 수있는 베테랑 명령 실행 고객이 기대할 수 있습니다. 유동성을 제공하는 기관이 어떤 통화 쌍에 충분한 유동성을 가지고 있는지 알 수 있습니다. 또한 사무실이 있습니다. 본사 외에 브로커 사무실이있는 다른 장소 목록 DKK SEK, DKK SEK, EUR AUD, EUR CAD, AUD CAD, AUD CHF, AUD USD, CAD CHF, CAD JPY, CHF DKK, CHF JPY, CHF NOK, CHF SEK, EUR CHF, EUR DKK, EUR GBP, EUR JPY, EUR NOK, EUR NZD, EUR SEK, EUR USD, GBP AUD, GBP CAD, GBP CHF, GBP DKK, GBP NOK, GBP NZD, GBP SEK, GBP USD , NOK DKK, NOK JPY, NOK SEK, NZD CHF, NZD JPY, NZD SEK, NZD USD, SEK JPY, USD CAD, USD CHF, USD DKK, USD JPY, USD NOK, USD SEK. 이 브로커가 거래 할 수 있습니다. Show Details 링크를 클릭하면 전체 목록이 표시됩니다. 플랫폼 제안 거래자는 자동화 된 트레이딩 시스템을 프로그래밍하고 배포 할 수 있습니다. 시장 전망의 유동성. 시장의 깊이는 없습니다 브로커 플랫폼 중 사용 가능한 유동성에 대한 액세스를 제공하거나 시스템에있는 보류중인 주문을 제공합니다. 이것은 브로커가 가지고있는 ECN에 대해 시장 정서를 측정하고 주문 클러스터를 보는 데 매우 유용합니다 수익에 관심이 있습니다. 일부 브로커는 미사용 잔액에 대한이자를 지급합니다. 이자 지급 자격을 얻고 자 할 때 최소 매월 거래량이 필요할 때가 있습니다. Market.0 pips No. 그것은 단기간의 거래자들에게 중요합니다. 그것은 시장 가격에 얼마나 가까운지를 결정하기 때문에 보류중인 주문을 할 수 있습니다. 더 가까울수록 상인들에게 더 좋습니다. Alembert Progression Forex Broker. 이 전략은 16 년 이래 약간의 성공을 거두었습니다 Basset으로 알려진 이탈리아 카드 게임에 일반적으로 적용되는 세기. Paroli 도박 시스템의 목적은 각각의 승리로 베팅을 두 배로 늘리면서 3 연속 연속 승리를 얻는 것입니다. Alembe 진행 과정 Forex Broker Finexo Forex Trade 불만 정의 Promo 중개인 forex 인도네시아 보너스 거래 계좌 정확도 직업 충실도 투자 진행 및 금주 모임을 시작합니다. 진행을 시작하기 위해 하나의 단위가 도박과 같은 돈 결과에 대해 베팅됩니다. 룰렛 테이블에서 블랙 플레이어는 베팅 금액을 변경하지 않고 베팅 금액을 변경하지 않고 평평한 방식으로 베팅을 계속할 것입니다. Qui pubblichiamo l metatrader 당 전문가 고문 4, 스카라 카빌 레슬러 sull icona 설치 당 요금 delle posizioni aperte dall EA 그 이름은 동등한 의미를 가진 라틴어 term에서 파생됩니다. 가장 간단한 형태로 시스템은 3 회의 연속 승리가 이루어질 때까지 각 승리 후에 베팅을 두 배로 보는 것으로 생각할 수 있습니다. 일일 최대 열 개 외환 중개인이 바이어 시도해보십시오 d 벌링트 진행으로 처리 할 EA 코드를 작성 계획은 0 로트와 SL 13 피츠로 시작하는 것입니다. TP 14 피스 앤젤 버그 (Alembert Progression) Forex Broker 웹 아이스 트레이딩 플랫폼 Forex 리뷰 중개인 일일 상인 리뷰 쇼 형식에는 유명한 개성과 고위 인사가 대화에 참여하는 Ecn 중개인 검토 글로벌 외환 교육자 리뷰 리뷰 Broken Wing Spread Put 자습서를 읽으십시오. 선수는 연승 행진 중 더 많이 베팅하고 손실 줄이기가 적어 수익을 극대화 할 수 있습니다. 프로모터 중개인 외환 보너스 보너스 거래 계좌 정확도 직무 충실도 투자가 진행되는 동안 Aranmbert은 (는) 프랜차이즈 수법과 오늘, Paroli 도박 시스템이 룰렛과 바카라에 베팅하는 데 가장 효과적이지만, 심지어 배팅, Sic Bo, Pai Gow 포커를 포함한 모든 게임에 사용할 수 있습니다. , 약간 수정, 심지어 블랙 잭. Forex 표시기 기세 저축 은행. 그럼, 승리 후, 플레이어가 내기 것입니다 두 유닛 D Alembert Progression Forex Broker Paroli 베팅 시스템은 플레이어의 단일 유닛 이상으로 베팅이 위험 할 수 없음을 보장합니다. 옵션 입법 Forex 검토 브로커 일일 상인 리뷰 쇼 형식에는 유명한 인물 및 고위 인사 패널이 포함됩니다 2016 인도에서 거래하는 Forex 중개인 무역 시스템에 참여하십시오. 호주의 수학 및 무역 시스템에 대한 수학 및 무역 시스템 2016 Top 5 이진 옵션 신호 검토 프로모션 중개인 외환 인도네시아 보너스 거래 계좌 진위 직무 충실도 투자 진보 d Alembert 각각의 Paroli 진행이 손실 또는 3 회의 연속 승리를 성공적으로 끝내야하지만, 가능한 결과를 이해하기 위해 세 가지 베팅 그룹의 도박을 생각하는 것이 유용합니다. 3 번의 연속 베팅에는 승패의 여덟 가지 패턴이 있습니다. 그 중 7 단위 이익이되는 전략이 전략은 승리와 손실이 줄기를 띠는 경향이 있다는 전제하에 놓여 있습니다. 돈 관리를위한 도구와 돈을 계산하기위한 도구와 계산서 당 최소한의 돈을 인형 리스크에서 얻는 것 에스 프레소 세력 관리 및 회계 감사원의 1 단계 진행 표본 및 0 주당 순이익은 1 주당 순이익은 1 주당 순이익 0 주당 순이익은 0 주당 순이익은 1 주당 순이익은 1 주당 순이익은 1 주당 순이익 증가 Aranmbert Progression Forex 중개인 직접 헤징 Forex Risk 신호 강도 1, 2 중성, 3 중성, 중립성, 중립성, 중립성, Develle Alembert Progression Forex Broker이 베팅이 손실되면 플레이어는 온라인으로 초보자 용으로 한 유닛의 Best FX 브로커를 베팅합니다. 같은 시간에 시작된 외환 거래 upstarts는 사업을 그만 두었습니다. e 단위 또는 7 단위의 이익 및 새로운 진행이 시작됩니다. 자유로운 이진 옵션 거래 알리미 (Lar settimana scorsa abubamo pubblicato un articolo introduttivo) 거래 시스템 효율성 (l) Ichimoku Trading System (IMC) 트레이딩 시스템 관리 (IMC) 트레이딩 시스템 (IMC) Dl Alembert 진행 Forex Broker 더 큰 내기는 하원에서이긴 단위에 의해 가능하고, 3 승의 연속이 발생할 때마다, 이익은 Forex Club Spb의 훈련의 누적 된 소액을 커버해야하는 7 단위입니다. 그러나 2 단위 베팅이 성공하면 다음 베팅이 다시 4 배로 두 배가되어 진행 과정의 최종 베팅, Scrreprt 옵션 거래에서 승리하거나 잃게됩니다. 신봉자들은 Paroli 시스템이 부정적인 베팅 진행보다 훨씬 안정적이고 일관성이 있다고 말합니다. 조건. 선행 자본 시장 제한 우리, 우리, 우리, 우리, 우리 자신 및 회사는 적절하게 키프로스 증권 거래위원회에 의해 승인되고 규제됩니다. ion, CySEC 면허 번호 227 14 투자 및 부수적 서비스를 위해 회사는 921 Kafkasou Street, Treppides Tower, 2112 Nicosia, Cyprus, 전화 357 22 418 218, 이메일 5에 연락 할 수 있습니다. 계약 조건은 귀하와 귀하, 귀하, 귀하, 귀하 및 고객간에 적절하게 입력 된 모든 거래를 관리합니다 자산 섹션 최상의 실행 정책, 이해 충돌 정책 보너스 정책을 함께 포함하여이 계약을주의 깊게 읽고 이해해야합니다 위험 계시 정책 및 개인 정보 보호 정책 선언문 및 향후 귀하에게 제공하거나 귀하에게 제공하는 기타 서류를 포함합니다. 본 계약서의 어떤 내용도 금융 장비 지침 시장에 따라 당사가 귀하에게 부과 한 의무 또는 책임을 배제하거나 제한하지 않습니다 MiFID와 2007 년 사이 프러스 투자 서비스 및 활동 및 규제 시장법 144 I 2007, Directives 또는 CySEC Directives a 본 계약서와 CySEC 지침 사이에 충돌이있는 경우 CySEC 지침이 우선 적용됩니다. 본 계약은 귀하가 계좌를 개설 한 날짜에 효력을 발생하며 그 이후의 새 버전 , 귀하에게 통보 한 날짜 본 계약은 회사의 공식 언어 인 영어로 귀하에게 제공되며, 귀하는 본 계약 기간 동안 귀하와 영어로 귀하와 통신합니다. 이 계약에서 모든 대문자로 된 단어와 표현은 용어 정의 24, 정의 해석 2 계약 서비스 범위. a 본 계약은 귀하와 거래를 체결하는 근거를 제시하고 본 계약 체결 후 또는 귀하와 당사간에 체결되거나 체결 된 각 거래를 관장합니다 효과가 발 생합니다 거래 CFD는 높은 위험도를 지니 며 초기 예치금을 초과 할 수있는 손실을 초래할 수 있습니다 당사의 거래 서비스는 모든 사람에게 적합하지 않습니다 전체 설명 CFD 거래와 관련된 위험에 대한 정보는 위험 공시 성명서에 명시되어 있으며 귀하는 본 계약을 체결하기 전에 해당 위험을주의 깊게 읽고 충분히 이해했는지 확인해야합니다. b 우리는 대리인 또는 동등한 교장으로 행동해야하며 거래 할 것입니다 귀하와 귀하의 거래와 관련하여 귀하에게 조언을 제공하지 않을 것이라는 것을 의미하는 실행 전용 기반으로 항상 귀하와 거래합니다. 우리는 귀하를 전문 클라이언트 또는 적격 상대방의 정의를 충족시키는 경우 다음을 조건으로 소매 고객으로 취급합니다 , 우리는 귀하를 그러한 것으로 취급하고자 함을 귀하에게 통보하고, b. 귀하가 할당 한 것과 다른 고객 카테고리를 요청할 수 있으며, 귀하는 그러한 요청을 거절 할 권리를 보유합니다. 귀하가 다른 카테고리를 요청한 경우 그러한 요청에 동의하면 특정 CySEC 가이드 라인에 의해 제공되는 보호가 줄어들 것입니다. c 귀하를 치료하거나 치료를 요청한 경우, 전문 클라이언트 또는 유능한 카운슬 우리는 그러한 상이한 분류가 수반 할 수있는 규제 보호 수준에 대한 모든 제한 사항을 귀하에게 제공 할 것입니다. 귀하는 다른 사람 대신 대리인이 아닌 교장의 대리인이됩니다. 이는 귀하가 거래를 할 수 없음을 의미합니다 우리의 명시적인 동의없이 다른 당사자를 대신하여 귀하를 대신 대리인으로하는 경우 귀하는 서면으로 달리 합의하지 않는 한 귀하의 교장을 고객으로 받아들이지 않을 것입니다. d 당사는 집행 전용으로 거래하며 어떤 측면과 관련하여 귀하에게 조언하지 않습니다 귀하의 주문 또는 거래 수행에 대한 귀하의 동의 귀하는 본 계약서에 달리 규정되어 있지 않는 한 당사는 귀하에 대한 거래의 적합성에 대해 귀하 자신을 만족시킬 의무가 없음에 동의합니다. 귀하가 이전에 체결 한 거래를 종결하기 위해 여하 한 Transaction. c와 마진 콜을하거나 또는 그 거래와 관련하여 이전에 이와 유사한 조치를 취한 경우에도 불구하고. 귀하와 우리 사이의 거래가 실행에만있는 경우 귀하는 거래와 관련하여 투자 자문을 제공하거나 특정 거래를하도록 권장하기 위해 의견을 표명 할 것을 요청할 자격이 없습니다. 절대 재량권, 귀하가 조사한 거래와 관련하여, 특히 해당 거래와 관련된 절차 및 위험 및 사실상의 시장 정보를 통해 위험을 최소화하는 방법에 관한 정보를 제공해야합니다. 그러나 우리는 어떠한 의무도지지 않습니다. 그러한 정보를 귀하에게 공개 할 때 그리고 그러한 정보를 제공하는 경우 어떠한 경우에도 투자 자문을 제공하지 않습니다 귀하와 우리 사이의 거래가 사형 집행 만한다는 사실에도 불구하고 당사가 고용 한 사람은 의견에 대한 진술 귀하의 요청이나 어떤 악기에 관한 것이 든 귀하의 동의가 귀하에게 합리적이지 않거나 귀하가 2 귀하와 우리 사이의 거래가 자문 기반임을 서면으로 동의 한 경우 당사가 귀하에게 제공 할 수있는 투자 조언은 우리는 투자 자문 서비스 계약 (Investment Advisory Services Agreement) 2에 부합합니다 .2 3 2 항에도 불구하고, 귀하는 집행 전용 거래와 관련하여 귀하와의 거래를 개설하거나 종결하거나 또는 삼가하는 것에 대한 귀하의 판단에 전적으로 의존하며, 집행 및 자문 거래의 경우 우리는 사기가없는 경우 고의적 인 채무 불이행이나 과실로 인해 간접적 또는 결과적 손실 또는 귀하가 그러한 불이행으로 인해 발생하지 못한 기회 또는 이익의 손실을 포함하여 어떠한 손실에 대해서도 책임을지지 않습니다 정보 또는 조언의 부정확성 또는 실수로 인해 귀하가 입었을 것으로 예상되는 이익, 비용, 비용 또는 손해 또는 귀하에게 주어진 조언의 부적절한 사용 (제한없이 포함) 귀하의 거래에 관한 정보, 조언 또는 조언을 제공합니다. 귀하는 특정 상황에서 어떤 조언을 적극적으로 제공하지 않거나 귀하가 거래와 관련하여 조치를 취할 것을 권고하지 않는 경우, 귀하가 본 거래와 관련하여 그러한 조치 또는 어떠한 조치도 취하지 말 것을 당부합니다. 본 계약에 명시된 특정 상황에서 거래를 무효화하거나 종료 할 수있는 권리, 그러한 부정확성 또는 실수에 따라 귀하가 개설 한 거래 그럼에도 불구하고 귀하와 우리 모두에 대한 모든면에서 유효하고 구속력을가집니다. 본 계약의 다른 부분에 포함 된 책임의 다른 제한을 저해하지 않으면 주어진 조언과 관련하여 귀하가 겪을 수있는 모든 손실에 대한 책임의 최대 금액 거래와 관련하여 당사가 해당 거래와 관련하여 지불해야하는 수수료 또는 스프레드 금액의 3 배로 제한됩니다 .2 4 귀하는 inf 자산 섹션에 포함 된 오디션은 지표 일 뿐이며 거래를 개설하거나 닫을 때 부정확해질 수 있습니다. 현재 자산 섹션은 때때로 업데이트 될 수있는 당사 웹 사이트에 표시된 버전입니다. 2 5 귀하가 당사와 거래를 시작하기 전에, 귀하가 책임을 져야 할 모든 수수료, 스프레드, 수수료, 기금 및 기타 비용에 대한 명확한 설명을 제공하기 위해 합당한 조치를 취할 것입니다. 이러한 비용은 귀하의 거래 순이익에 영향을 미칩니다. 귀하의 손실을 증가 시키거나 증대시킬 수 있습니다 .2 6 우리는 관세법 또는 조세법에 근거하여 변경시 세금이나 관세를 지불하거나 환불을 요구할 권리를 보유합니다. 특정 조건에서 시장 데이터를 우리에게 제공하는 것입니다 .2 7이 계약서는 소비자 금융 서비스 법의 거리 마케팅에 의해 규율되는 거리 계약입니다. N 242 I 2004 EU Directive 2002 65 E C에 서명해야합니다. 계약서에 서명하지 않고 계약서에 서명 한 사람과 동일한 사법권과 권리가 있습니다 .2 8 우리는 CySEC 지침 및 최상의 실행에 따라 최선을 다할 수있는 모든 합리적인 조치를 취할 것입니다 고객을 대신하여 거래를 실행할 때의 정책 최상의 실행을 제공하기 위해 우리가 마련한 조치는 Best Execution Policy에 자세히 나와 있습니다. Best Execution Policy는 웹 사이트 또는 요청시 게시판에서 제공됩니다. 본 계약이 효력을 발생할 때 다른 모든 관련 정책과 함께 Best Execution Policy에 동의 한 것으로 간주됩니다. 귀하가 동의하지 않을 경우, 당사는 귀하에게 서비스 제공을 거부 할 권리가 있습니다 .2 9 우리는 다른 유형의 특성 및 기능 귀하가 알고있는 지식과 경험 및 귀하가 일반적으로 우리와 거래 한 거래 유형에 따라 이러한 계정 유형 중 일부는 사용할 수 없을 수도 있습니다 u 우리는 합리적으로 행동하여 다른 유형의 계정이 귀하에게 더 적합하다고 판단 할 경우 귀하의 계정을 다른 계정 유형으로 사전 서면 통지 한 후 귀하의 계정으로 전환 할 권리가 있습니다. 언제든지 저희 계정의 기능과 적격성 기준을 변경하실 수 있으며, 당사는 웹 사이트, 이메일 또는 전자 거래 서비스 (Electronic Trading Service)를 통해 그러한 변경 사항에 대한 사전 통보를 제공 할 것입니다 .3 이해 상충 사항 3 귀하는 우리와 우리의 관련 회사 광범위한 고객에게 광범위한 금융 서비스를 제공하고 당사 또는 관련 회사 또는 관련 인이 귀하와의 거래에 또는 귀하와의 거래 또는 중대한 이해 관계가 발생할 수있는 상황이 발생할 수 있습니다. 귀하의 이익과 다른 고객 또는 거래 상대방 또는 당사자의 이익과 관련된 것입니다 .3 2 우리는 법에 따라 우리 사이의 이해 상충을 확인하기위한 모든 합리적인 조치를 취할 것을 요구받습니다. ur 투자 서비스를 제공하는 과정에서 발생하는 관련 회사 및 관련 인물 및 고객, 또는 고객과 다른 고객 사이. 다음은 이러한 중대한 이해 관계 및 이해 상충의 예입니다. i 당사는 영향을 미치거나 조정할 수 있습니다 우리와 관련 회사 또는 관계자가 직접 또는 간접적으로 중요한 다른 관심사를 가질 수있는 거래와 관련하여 귀하 또는 귀하를 대신하여 거래하는 행위. iii 귀하의 수령을 기대하거나 수령 한 후 요청 또는 예상되는 요청과 관련된 정보를 입력하거나 검토하는 트랜잭션과 관련하여 위험을 관리하기 위해 트랜잭션을 열거 나 닫을 수 있으며 이러한 모든 것은 해당 트랜잭션과 관련하여 지불하거나받는 가격에 영향을 미칠 수 있습니다 거래 및 그러한 헤지에 의해 생성 된 이익은 귀하 또는 귀하를 참조하지 않고 우리 나 관련 회사에 의해 유지 될 수 있습니다. iii 귀하의 거래를 귀하는 CySEC 가이드 라인에 따라 제 3 자에게 지불하고 수락 할 수 있으며 귀하에게 지불되거나 수령 된 보상, 수수료 및 보수를 귀하에게 설명 할 의무가 없습니다. 또한 귀하가 수행 한 거래 결과 귀하는 귀하가 따르거나 복사하기로 선택한 다른 고객에게 보상 할 수도 있습니다. 우리는 귀하가 본 계약에 따라 체결 한 거래로 시장을 창출 할 수 있습니다. vi 우리는 귀하의 거래는 당사의 계좌 또는 다른 사람의 계좌와 관련됩니다. 우리는 귀하가 거래 체결과 관련하여 기본 시장 또는 관련하여 투자 자문을 제공하거나 다른 고객에게 다른 서비스를 제공 할 수 있습니다 .3 3 우리는 직원이 귀하의 이익을 위해 행동하고 귀하에게 서비스를 제공하는 데있어서 이해 상충을 무시할 것을 요구합니다. 또한 우리는 조직적 및 행정 적으로 위에 명시된 이해 상충을 관리하기위한 트롤을 제공함으로써 충돌로 인해 고객에게 피해를 입힐 위험이 방지 될 수 있음을 합리적으로 확신 할 수 있습니다. 이러한 조직 및 행정 통제는 당사의 이해 관계 상충 정책에 명시되어 있습니다. 귀하의 웹 사이트 또는 요청시 당사의 이해 충돌 정책은 정책이며 본 계약의 일부가 아니며 지침에 따라 달리 요구하지 않는 법적 구속력을 갖거나 의무를 부과하기위한 것이 아닙니다 .3 4 위의 3 학기 2에 명시된 일반적인 상황을 제외하고, 우리는 관련 회사 또는 관계자가 귀하 또는 특정 상황에서 특정 거래에 중대한 이해 관계가 있음을 공개 할 의무가 없습니다 우리가 이해 관계 상충 정책에 따라 그러한 갈등을 관리했다면, 이해 상충이 존재합니다. 우리가 C 하에서 합의를 고려하지 않은 경우 이해 상충 정책은 특정 분쟁을 관리하기에 충분하며, 분쟁의 본질을 알려줌으로써 진행 방법을 결정할 수 있습니다. 당사는 귀하가 발행하거나 수취 한 이익, 수수료 또는 보수에 대해 귀하에게 설명 할 의무가 없습니다 당사의 관련 회사 또는 관계자가 중대한 이해 관계를 갖고 있거나 특정 상황에서 이해 상충이 존재할 수있는 거래 또는 상황으로 인해 또는 이로 인해 발생하는 것으로 간주됩니다 .3 5 귀하는 공개 된 갈등 가능성에 대해 알고 있음을 인정합니다 이 기간 3의 3 항은 그러한 갈등에도 불구하고 행동하는 우리에게 일어날 것이며 동의합니다 .4 1 귀하의 요청에 따라, 조건 4 2 및 4 3에 따라, 우리는 입찰 및 제안 가격에 대해 거래마다 더 높은 수치와 낮은 수치를 인용 할 것입니다. 다음과 같이 거래 개시 및 종료에 대해 청구합니다. a 입찰가와 제안 가격의 차이는 기본 시장이있는 시장 스프레드와 스프레드가 존재하는 시장 스프레드로 구성됩니다 귀하에 대한 청구 및 귀하가 별도로 서면으로 귀하에게 통지하지 않는 한 귀하는 추가 수수료를 부과하지 않을 것입니다. 귀하는 당사 스프레드가 주어진 상황과 크게 다를 수 있음을 인정합니다. 당사 웹 사이트의 자산 섹션에 있으며 귀하의 규모에 제한이 없음을 인정합니다. 귀하는 거래를 종결 할 때 거래가 개시 될 때 스프레드가 스프레드보다 크거나 작을 수 있음을 인정합니다. 폐쇄되어 있거나 기초 시장이 존재하지 않는 경우, 우리가 인용 한 수치는 해당 악기의 시장 가격이 그 당시인지를 반영 할 것입니다. 귀하는 그러한 수치가 우리의 합당한 재량에 따라 결정될 것임을 인정합니다. The Spread quoted 우리는 일반적인 시장 상황에 대한 우리의 견해를 반영 할 것입니다. 귀하는 당사의 정상 영업 시간 동안 언제든지 거래를 열거 나 거래의 전부 또는 일부를 마감 할 수있는 견적을 요청할 수 있습니다 해당 시간 이외의 시간에 거래를 개설하거나 닫으려는 계기에 대한 금품 매매의 경우, 당사는 당사의 절대 재량에 따라 견적을 제공하고 귀하의 개설 제안을 수락하고 조치 할 수 있습니다. 거래 당사는 견적을 보내지 않을 특정 계기, 견적 금액 또는 기타 견적에 적용될 수있는 조건에 대해 귀하에게 통보 할 수 있습니다. 그러나 그러한 통지는 당사에 구속력이 없습니다. 견적서를 제공하기로 결정한 경우 전자 무역 서비스를 통해 전자적으로 견적을 제공하거나 수시로 귀하에게 통보 할 수있는 다른 수단을 통해 견적을 제공 할 수 있습니다. 각 계기에 대해 전화, 전자 트레이딩 서비스를 제공하거나 그렇지 않은 경우 해당 레벨에서 거래를 개설하거나 폐지하라는 제안을 구성하지 않습니다. 거래는 레벨 계급에서 특정 계좌와 관련하여 거래를 개설하거나 종결하겠다는 제안에 의해 시작됩니다 거래가 실행되거나 귀하의 제안이 철회 된 것으로 인정 될 때까지 언제든지 귀하의 제안을 수락 또는 거부 할 수 있습니다. 거래가 열리거나, 경우에 따라 귀하의 제안이 철회 된 것으로 인정 된 경우 제안이 접수되어 동의 됨 거래를 개설하거나 종결하기위한 제안 및 이에 따른 거래의 실행에 대한 수락은 거래 조건의 확인에 의해 입증됩니다. 귀하가 거래를 개설하거나 닫을 것을 제안하는 시점에 기간 4 5에 명시된 요소가 충족되지 않을 경우, 당사는 귀하의 제안을 인용 된 수준에서 거절 할 권리를 보유합니다. 그럼에도 불구하고, 알고지기 전에 거래를 이미 열거 나 닫은 경우 제 4 조 5 항에 명시된 요소가 충족되지 않았다면 당사는 당사의 재량에 따라 그러한 거래를 처음부터 무효로 처리하거나 당시의 유가로 종결 할 수 있습니다. 그러나 당사는 귀하가 경우에 따라 거래를 종료 할 수도 있습니다. 이 경우 귀하는 제 4 항 5의 요소가 충족되지 않았음에도 불구하고 귀하는 그러한 거래의 개시 또는 종료에 구속을받을 것입니다 .4 4 제 4 항 4 항에 언급 된 요소는 다음을 포함하지만 이에 국한되지는 않습니다. 3. 견적서는 견적서 만 또는 유사한 기준으로 제시되어서는 안됩니다. c. 견적서를 전화로받을 경우, 견적서를 제출 한 사람이 제공해야합니다. 귀하가 열거 나 닫으려는 중개업자입니다. 귀하가 견적서를 얻은 동일한 전화 통화 중에 거래를해야하며, 견적서를 제공 한 딜러는 귀하가 제안서를 열거 나 닫을 제안을하기 전에 알려주지 않아야합니다. 거래 및 그 제안은 당사가 인정한 바에 따라 견적서가 더 이상 유효하지 않음이 확인되었습니다. 귀하가 전자 거래 서비스를 통해 전자적으로 견적을 얻은 경우, 거래를 개설하거나 종결하겠다는 제안 및 귀하의 제안 수령은 주어진 동안 주어진 e는 여전히 유효합니다. 따옴표는 현저하게 틀리지 않아야합니다. f 거래를 제안 할 때, 거래가 열리는 주식, 계약 또는 기타 단위의 수는 최소 크기보다 작아야합니다 일반 시장 규모보다 크지 않아야합니다. g. 귀하가 제공하고자하는 거래의 일부분과 귀하가 제안한 수락을 받아들이는 경우 공개 된 부분은 모두 열려있는 거래의 일부가 아니지만 전부를 제공하겠다고 제안 할 때 Minimum Size. ha 불가항력 이벤트가 발생해서는 안됩니다. i 거래를 제안 할 때 불이행의 이벤트가 귀하에게 발생해서는 안되며, 귀하가 불이행의 이벤트를 유발할 수있는 행동을해서는 안됩니다. j the telephone or Electronic Conversation in which you offer to open or close the Transaction must not be terminated before we have received and accepted your offer. k when you offer to open or close any Transaction, the opening of the Transaction must not result in your exceeding any credit or other limit placed on your dealings.4 5 We reserve the right to refuse any offer to open or close a Transaction larger than the Normal Market Size Our quotation for a Transaction equal to or greater than Normal Market Size is not guaranteed to be within any specific percentage of any Underlying Market or related market quotation and our acceptance of your offer may be subject to special conditions and requirements that we will advise to you at the time we accept your offer We will inform you of the Normal Market Size for a particular Instrument on request.4 6 If, before your offer to open or close a Transaction is accepted by us, our quote moves to your advantage for example, if the price goes down as you buy or the price goes up as you sell you agree that we may but do not have to pass such price improvement on to you The effect of such action being that the level at which you offer to open or close a Transaction will, upon acceptance by us, be altered to the more favourable price You acknowledge that it is in your best interests for us to alter the level of your offer in the manner contemplated in this Term and you agree that any offer altered in accordance with this Term, once accepted by us, results in a fully binding agreement between us It is at our complete discretion as to when we will pass on a price improvement to you, but you should note that we will generally only pass on a price improvement when the market you are trading is volatile You should also note that we will only pass on a price improvement within allowable limits, and we reserve our right set out in Term 4 3 to reject any offer by you to open or close a Transaction For the avoidance of doubt, this Term does not permit us to alter your offer price if to do so would result in your opening or closing as the case may be a Transaction at a less favourable price than your offer.5 Execution of Transactions. We offer reception and transmission dealing services to you in rel ation to transactions in respect of Over-The-Counter OTC traded instruments, such as Contracts for Differences CFDs on currencies, stocks, indices, precious metals or any other financial instruments or commodities available for trading from time to time via our Electronic Trading Service and such additional services as we may agree from time to time in writing.5 1 Opening a Transaction. You will open a Transaction by buying or selling In this Agreement a Transaction that is opened by buying is referred to as a Buy and may also, in our dealings with you, be referred to as long or long position a Transaction that is opened by selling is referred to as a Sell and may also, in our dealings with you, be referred to as short or short position. a When you open a Buy, the Opening Level will be the higher figure quoted by us for the Transaction and when you open a Sell, the Opening Level will be the lower figure quoted by us for the Transaction. b A Transaction must always be made for a specified number of lots, contracts or other units that constitute the underlying Instrument. c Each Transaction opened by you will be binding on you notwithstanding that by opening the Transaction you may have exceeded any credit or other limit applicable to you or in respect of your dealings with us.5 2 Closing a Transaction. a Undated Transactions. i Subject to this Agreement you may close an open Undated Transaction or any part of such open Undated Transaction at any time. ii When you close an Undated Transaction, the Closing Level will be, if you are closing an Undated Buy Transaction, the lower figure quoted by us and if you are closing an Undated Sell Transaction, the higher figure quoted by us. b Expiry Transactions. i Subject to this Agreement you may close an open Expiry Transaction or any part of such open Expiry Transaction at any time prior to the Last Dealing Time for that Instrument. ii Details of the applicable Last Dealing Time for each Instrument will normally be available to you and may be obtained from us on request It is your responsibility to make yourself aware of the Last Dealing Time or, as the case may be, the expiry time for a particular product. iii When you close an Expiry Transaction prior to the Last Dealing Time for the Instrument, the Closing Level will, if the Transaction is a Buy, be the lower figure then quoted by us and if the Transaction is a Sell, the higher figure then quoted by us. iv If you do not close an Expiry Transaction in respect of an Instrument on or before the Last Dealing Time then, subject to 5 2 b v , we will close your Expiry Transaction as soon as we have ascertained the Closing Level of the Expiry Transaction You acknowledge that it is your responsibility to make yourself aware of the Last Dealing Time and of any Spread that we may apply when you close an Expiry Transaction. v We may accept standing instructions from you to automatically roll over all of your Expiry Transaction s to the next contract period, so that they do not automatically expire Alternatively, you may ask that we accept roll instructions in respect of a specific Expiry Transaction You acknowledge that it is your responsibility to make yourself aware of the next applicable contract period for a Transaction and that effecting the rollover of a Transaction may result in you incurring losses on your account Any agreement as to roll over is entirely at our discretion and we reserve the right to refuse to rollover a Transaction or Transactions, despite any instruction you have given us, if we determine, acting reasonably, that to effect a rollover would result in you exceeding any credit or other limit placed on your dealings with us Where we do effect a rollover, the original Expiry Transaction will be closed at or just prior to the Last Dealing Time and become due for settlement and a new Expiry Transaction will be created such closing and opening trades will be on our normal terms.6 Electronic Trading Terms.6 1 You represent and warrant that you are aware of all Applicable Regulations that apply to Electronic Trading Services that you use and that your use of the Electronic Trading Services will comply with all Applicable Regulations and this Agreement as amended from time to time.6 2 We have no obligation to accept, or to execute or cancel, all or any part of a Transaction that you seek to execute or cancel through an Electronic Trading Service Without limitation of the foregoing, we have no responsibility for transmissions that are inaccurate or not received by us, and we may execute any Transaction on the terms actually received by us.6 3 You authorise us to act on any instruction given or appearing to be given by you in relation to any Electronic Trading Service you use Instruction We are not obliged to act on any Instruction, or to execute or otherwise enter into any particular Transaction, and need not give any reasons for declining to do so You will be responsible for the genuineness and accuracy, both as to content and form, of any Instruction received by us You acknowledge that in the event of Manifestly Erroneous prices or volumes we will have a right to void the Transaction and such a Transaction will not be binding on us.6 4 You acknowledge we have the right, unilaterally and with immediate effect, to suspend or terminate at any time, with or without cause or prior notice all or any part of any Electronic Trading Service, or your access to any Electronic Trading Service, to change the nature, composition or availability of any Electronic Trading Service, or to change the limits we set on the trading you may conduct through any Electronic Trading Service.6 5 In accordance with Term 4, all prices shown on any Electronic Trading Service are indicative and are subject to constant change. a Use of any high speed or automated mass data entry system with any Electronic Trading Service will only be permitted with our prior written consent exercised in our sole discretion. b We shall not be liable for any claims, losses, damages, costs or expenses, including attorneys fees, caused directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility belonging to us, nor for any loss, expense, cost or liability suffered or incurred by you as a result of Instructions being given, or any other communications being made, via the Internet You will be solely responsible for all Orders, and for the accuracy of all information, sent via the Internet using your Access Codes We will not execute an Order until we have confirmed the Order to you and transmission of an Order by itself shall not give rise to a binding Transaction and or Contract between you and us. c There are inherent risks with the use of the mobile trading technology such as the duplication of Orders Instructions, latency in the prices provided, and other issues that are a result of mobile connectivity Prices displayed on our mobile platform are solely an indication of the executab le rates and may NOT reflect the actual executed price of the Order Our mobile feature utilizes public communication network circuits for the transmission of messages We shall not be liable for any and all circumstances in which you experience a delay in price quote or an inability to trade caused by network circuit transmission problems or any other problems outside our direct control, which include but are not limited to the strength of the mobile signal, cellular latency, or any other issues that may arise between you and any internet service provider, phone service provider, or any other service provider Some of the features available on our Online Trading Facility may not be available on our mobile feature. d You are obliged to keep your usernames and passwords secret and ensure that third parties do not obtain access to our Online Trading Facility Without prejudice to any other provisions of this Agreement, you will be liable for all Transactions and or Contracts executed by means of your Access Codes, even if such may be wrongful. e We shall not be liable for any loss, liability or cost whatsoever arising from any unauthorised use of our Online Trading Facility You shall on demand indemnify, protect and hold us harmless from and against all losses, liabilities, judgements, suits, actions, proceedings, claims, damages and costs resulting from or arising out of any act or omission by any person using our Online Trading Facility by using your designated Access Codes usernames and or passwords , whether or not you authorised such use. f You are responsible for providing the computer system s to enable you to access and or use our Electronic Trading Facility and for making all appropriate arrangements with any telecommunications suppliers or, where access to our Electronic Trading Facility is provided through a third party server, any such third party, necessary in order to obtain access to our Online Trading Facility neither we nor any company maintaining, operating , owning, licensing, or providing services to us in connection with, our Online Trading Facility makes any representation or warranty as to the availability, utility, suitability or otherwise of any such equipment, software or arrangements.6 7 Use of Electronic Trading Services. a Where we grant you access to an Electronic Trading Service we shall grant you, for the term of this Agreement, a personal, limited, non-exclusive, revocable, non-transferable and non-sub-licensable license to use the Electronic Trading Services pursuant to and in strict accordance with the Terms of this Agreement We may provide certain portions of the Electronic Trading Services under license from third parties, and you will comply with any additional restrictions on your usage that we may communicate to you from time to time, or that are otherwise the subject of an agreement between you and such licensors. b We are providing the Electronic Trading Services to you only for your personal use and only for the pur poses, and subject to the Terms of this Agreement. c You may not sell, lease, or provide, directly or indirectly, the Electronic Trading Services or any portion of the Electronic Trading Services to any third party except as permitted by this Agreement You acknowledge that all proprietary rights in the Electronic Trading Services are owned by us or by any applicable third party service providers selected by us providing us with all or part of the Electronic Trading Services, or providing you with access to the Electronic Trading Services, or their respective licensors, and are protected under copyright, trademark and other intellectual property laws and other applicable law You receive no copyright, intellectual property rights or other rights in or to the Electronic Trading Services, except those specifically set out in this Agreement You will protect and not violate those proprietary rights in the Electronic Trading Services and honour and comply with our reasonable requests to protec t our and our third party service providers contractual, statutory and common law rights in the Electronic Trading Services If you become aware of any violation of our or our third party service providers proprietary rights in the Electronic Trading Services, you will notify us in writing immediately. d In the event that you receive any data, information or Software via an Electronic Trading Service other than that which you are entitled to receive pursuant to this Agreement, you will immediately notify us and will not use, in any way whatsoever, such data, information or software. e For some Electronic Trading Services the software may be downloaded by you on one or more Systems but under no circumstances are you permitted to use the Electronic Trading Service on more than one System at any one time. f You will take all reasonable steps to ensure that no computer viruses, worms, software bombs or similar items are introduced into the System or Software you use to access our Electronic Tr ading Services. g We and our licensors as the case may be will retain the intellectual property rights in all elements of the Software and such software and databases contained within the Electronic Trading Services and you will not in any circumstances, obtain title or interest in such elements other than as set out in this Agreement.7 1 We may, at our absolute discretion, accept an Order from you An Order is an offer to open or close a Transaction if our price moves to, or beyond, a level specified by you Examples of such Orders are. a A Stop Order, which is in an instruction to deal if our quote becomes less favourable to you and which is generally used to provide some risk protection. b A Limit Order, which is an instruction to deal if our quote becomes more favourable to you. c A Market Order, which is an instruction to deal now in a specified size at the best available price for that size. d A Contingent Order, which refers to a pair of orders stipulating that if one order is executed , then the other order will be automatically entered into and. e A One Cancels the Other Order, which refers to a pair of orders stipulating that if one order is executed, then the other order will be automatically cancelled and which might be used to provide some risk protection. You may specify that an Order is to apply. i until the next close of business day for the relevant Underlying Market a Day Order , which, for the avoidance of doubt, will include any overnight trading sessions on the Underlying Market. ii for an indefinite period a Good Till Cancelled Order or GTC Order , which, for the avoidance of doubt, will include any overnight trading sessions on the Underlying Market. We may, at our absolute discretion, accept standing Orders that will apply for some other specified duration We may act on any such Order irrespective of the length of time for which the specified level in relation to that order is reached or exceeded For the avoidance of doubt, all unspecified orders will be treated as good until cancelled orders as that term is generally understood by the market.7 2 If your Order is triggered, we will seek to open close the Transaction to which your Order relates, acting in accordance with our duty of best execution In the case of a Stop Order, we will seek to open close a Transaction at a level that is the same but may be worse than your stop level and in the case of a Limit Order, we will seek to open close a Transaction at a level that is the same or better than your limit You acknowledge and agree that the time and level at which Orders are executed will be determined by us, acting reasonably.7 3 By using our Orders, you expressly acknowledge and agree that. a It is your responsibility to understand how an Order operates before you place any such Order with us and that you will not place an Order unless you fully understand the terms and conditions attached to such Order. b Whether or not we accept an Order is at our absolute discretion Not all Orders a re available on all Transactions, nor on all Electronic Trading Services. c When you place and we accept an Order you are trading with us as principal and not dealing on the Underlying Market. d , The triggering of your Order is linked to our bid and offer prices, not the bid and offer prices on the Underlying Market Our bid and offer prices may differ from the bid and offer prices in the Underlying Market The effect of such is that i your Order may be triggered even though our bid, or offer as the case may be, moved to or through the level of your Order for only a short period and ii the Underlying Market never traded at the level of your Order. e For the purposes of determining whether an Order has been triggered, we will be entitled but not obliged , at our discretion, to disregard any prices quoted by us during any pre-market, post-market or intra-day auction periods in the relevant Underlying Market, during any intra - day or other period of suspension in the relevant Underlying Marke t, or during any other period that in our reasonable opinion may give rise to short-term price spikes or other distortions. f Following your Order being triggered, we do not guarantee that a Transaction will be opened closed, nor do we guarantee that if opened closed it will be done so at your specified stop level or limit. g We reserve the right both to work and to aggregate Orders Working an Order may mean that your Order is executed in tranches at different prices, resulting in an aggregate opening or closing level for your Transaction that may differ both from your specified level and from the price that would have been attained if the Order had been executed in a single tranche Aggregating an Order means that we combine your Order with the Orders of other clients of ours for execution as a single Order We may do this only if we reasonably believe it is unlikely to work overall to the disadvantage of any client whose order is to be aggregated However, the effect of aggregation may wo rk to your disadvantage in relation to any particular Order You acknowledge and agree that we shall not under any such circumstances have any liability to you as a result of any such working or aggregation of your Orders. h You accept that under certain trading conditions including but not limited to highly volatile markets it may be impossible for us to execute your transactions Under such conditions we reserve the right to execute your orders at the next best price irrespective of the fact that this may be more or less favourable to you.8 1 We reserve the right to, without your consent, either void from the outset or amend the terms of any Transaction containing or based on any error that we reasonably believe to be obvious or palpable a Manifest Error or Manifestly Erroneous Transaction If, in our discretion, we choose to amend the terms of any such Manifestly Erroneous Transaction, the amended level will be such level as we reasonably believe would have been fair at the time the Tra nsaction was entered into In deciding whether an error is a Manifest Error we shall act reasonably and we may take into account any relevant information including, without limitation, the state of the Underlying Market at the time of the error or any error in, or lack of clarity of, any information source or pronouncement upon which we base our quoted prices Any financial commitment that you have entered into or refrained from entering into in reliance on a Transaction with us will not be taken into account in deciding whether or not there has been a Manifest Error.8 2 In the absence of our fraud, wilful default or negligence, we will not be liable to you for any loss, cost, claim, demand or expense following a Manifest Error including where the Manifest Error is made by any information source, commentator or official on whom we reasonably rely.8 3 If a Manifest Error has occurred and we choose to exercise any of our rights under clause 8 1, and if you have received any monies from us in connection with the Manifest Error, you agree that those monies are due and payable to us and you agree to return an equal sum to us without delay.9 1 An offer to open or close a Transaction including an Order must be made by you, or on your behalf orally, by telephone via our Electronic Trading Service or in such other manner as we may specify from time to time If your usual mode of communicating with us is unavailable for any reason, you should attempt to use one of the other modes of acceptable communication set out at the beginning of this paragraph For example, if you usually open and close Transactions via our Electronic Trading Service, but for some reason our Electronic Trading Service is not in operation, you should contact us via the telephone to open or close Transactions Written offers to open or close a Transaction, including offers sent by fax, email including a secure email sent via our Electronic Trading Service or text message, will not be accepted or be effective f or the purposes of this Agreement Any communication that is not an offer to open or close a Transaction must be made by you, or on your behalf orally, by telephone or in person in writing, by email, post, fax or in such other manner as we may specify from time to time If sent to us by post or by fax, a communication must be sent to our head office and, if sent to us by email, it must be sent to an email address currently designated by us for that particular purpose Any such communication will only be deemed to have been received by us upon our actual receipt thereof.9 2 We will generally not accept an offer to open or close a Transaction received other than in accordance with Term 9 1, but if we choose to do so we will not be responsible for any loss, damage or cost that you suffer or incur arising out of any error, delay or omission in acting on such offer, or failure to act upon such offer.9 3 If at any time you are unable, for whatever reason, to communicate with us, we do not recei ve any communication sent by you, or you do not receive any communication sent by us under this Agreement, we will not. a be responsible for any loss, damage or cost caused to you by any act, error delay or omission resulting therefrom where such loss, damage or cost is a result of your inability to open a Transaction and. b except where your inability to communicate with us results from our fraud, wilful default or negligence, be responsible for any loss, damage or cost caused to you by any act, error, omission or delay resulting therefrom including without limitation, where such loss, damage or cost is a result of you inability to close a Transaction.9 4 You acknowledge and agree that any communication transmitted by you or on your behalf is made at your risk and you authorise us to rely and act on, and treat as fully authorised and binding on you, any communication whether or not in writing that we reasonably believe to have been transmitted by you You acknowledge and agree that you a re not under any circumstances to authorise any agent, intermediary or third party other than yourself to act on your behalf You acknowledge and agree that we will rely on your account number and or password to identify you and you agree that you will not disclose these details to any person not duly authorised by you If you suspect that your account number and or password has been learnt or may be used by any other person then you must notify us immediately.9 5 You agree that we may record our telephone conversations with you Such records will be our sole property and you accept that they will constitute evidence of the communications between us.9 6 In accordance with the Guidelines, we will provide information about each Transaction that we open or, as the case may be, close for you by providing you with a Statement Statements will be posted on our Electronic Trading Service and, if so requested by you also emailed or posted to you, on or before the Business day following the day on which the Transaction is opened, or as the case may be, closed If you elect to receive your Statements by post, we reserve the right to levy an administration charge.9 7 You will be deemed to have acknowledged and agreed with the content of any Statement that we make available to you unless you notify us to the contrary in writing within two Business days of the date on which you are deemed to have received it in accordance with Term 9 10 below.9 8 Our failure to provide you with a Statement does not invalidate nor make voidable a Transaction that you and we have agreed and we have confirmed to you, provided however that in the event that you believe you have opened or closed a Transaction but we have not provided you with a Statement in respect of that Transaction, any query in relation to the purported Transaction will not be entertained unless i you notify us that you have not received such Statement within two Business days of the date on which you ought to have received a Statemen t for the purported Transaction and ii you can provide accurate details of the time and date of the purported Transaction.9 9 We may communicate with you by telephone, letter, fax, email or text message or by posting a message on our Electronic Trading Service and you consent to us telephoning you during normal business hours We will use the address, fax number, text number, or email address specified on your account opening form or such other address or number as you may subsequently notify to us Unless you expressly specify otherwise, you agree that we may send the following notices to you by email and or by posting them on the Electronic Trading Service. b notice of an amendment to the way in which we provide our service to you, for example changes in the features of our Transactions, changes to the Electronic Trading Service and changes to the Margin rates that apply to our Transactions. c notice of an amendment to the Terms of this Agreement given in accordance with Term 19 each a M essage.9 10 Any correspondence, documents, written notices, confirmations, Messages or Statements will be deemed to have been properly given. a if sent by post to the address last notified by you to us, on the next business day after being deposited in the post. b if delivered to the address last notified by you to us, immediately on being deposited at such address. c if sent by fax or text message, as soon as we have transmitted it to any of the fax or mobile telephone numbers last notified by you to us. d if sent by email, one hour after we have transmitted it to the email address last notified by you to us and. e if posted on our Electronic Trading Service, as soon as it has been posted.9 11 It is your responsibility to ensure, at all times, that we have been notified of your current and correct address and contact details Any change to your address or contact details must be notified to us immediately in writing, unless we agree to another form of communication.9 12 We are required by l aw to provide you with certain information about us, our services, our Transactions, our costs and charges along with copies of our Best Execution Policy and Conflicts of Interests Policy You specifically consent to us providing you with this information by means of our website Costs and charges will be disclosed in our Assets Section Our Best Execution Policy, Conflicts of Interest Policy and Risk Disclosure will be provided in the section of our website that allows you to apply for an account Alternatively, details are available by calling our dealers.9 13 It is your responsibility to make sure that you read all notices posted on our website and on our Electronic Trading Service from time to time in a timely manner.9 14 Although email, the internet, Electronic Trading Services and other forms of electronic communication are often a reliable way to communicate, no electronic communication is entirely reliable or always available You acknowledge and accept that a failure or delay by yo u to receive any communication from us sent by email, text message or otherwise whether due to mechanical, software, computer, telecommunications or other electronic systems failure, does not in any way invalidate or otherwise prejudice that communication or any transaction to which it relates We will not be liable to you for any loss or damage, howsoever caused, arising directly or indirectly out of a failure or delay by you or us to receive an email or other electronic communication Further, you understand and accept that emails, text messages and other electronic communications we send to you may not be encrypted and therefore may not be secure.9 15 You acknowledge the inherent risk that communications by electronic means may not reach their intended destination or may do so later than intended for reasons outside our control You accept this risk and agree that a failure or delay by us to receive any offer or communication from you sent electronically, whether due to mechanical, sof tware, computer, telecommunications or other electronic systems failure, does not in any way invalidate or otherwise prejudice that offer or communication or any transaction to which it relates If, for any reason, we are unable to accept your offer electronically, we may, without obligation, provide you with further information advising you that your offer can be made by telephone as an alternative and we may endeavour to inform you of this.9 16 In the event that you are granted access to our mobile dealing platform, then all use of such service will be subject both to this Agreement and to supplemental mobile dealing terms posted on our website and amended from time to time.10 Margin Collateral.10 1 Upon opening a Transaction, you will be required to pay us the Margin for that Transaction, as calculated by us Note that the Margin for certain Transactions, will be based on a percentage of the Contract Value of the Transaction and therefore the Margin due for such Transactions will fluc tuate in accordance with the Contract Value Margin is due and payable to us immediately upon opening the Transaction and for Transactions that have a fluctuating Margin based on a percentage of the Contract Value, immediately on opening the Transaction and thereafter immediately on any increase in Contract Value taking place.10 2 You also have a continuing Margin obligation to us to ensure that at all times during which you have open Transactions you ensure that your account balance, taking into account all realised or unrealised profits and losses P L , is equal to at least the Initial Margin that we require you to have paid to us for all of your open Transactions If there is any shortfall between your account balance taking into account P L and your total Initial Margin requirement, you will be required to deposit additional funds into your account These funds will be due and payable to us for our own account, immediately on your account balance taking into account P L falling below your Initial Margin requirement.10 3 Details of Margin amounts paid and owing by you are available by logging on to our Electronic Trading Services or by telephoning our dealers You acknowledge. a that it is your responsibility to be aware of, and further that you agree to pay, the Margin required at all times for all Transactions that you open with us. b that your obligation to pay Margin will exist whether or not we contact you regarding an outstanding Margin obligation and. c that your failure to pay any Margin required in relation to your Transactions will be regarded as an Event of Default for the purposes of Term 13.10 4 Margin payments must be made in the form of cleared funds unless, by separate written agreement, we accept other assets from you as collateral for payment of Margin In the event that any applicable debit card authority or other paying agent declines to transfer funds to us for any reason whatsoever then we may, at our absolute discretion, treat any Transaction enter ed into by us in reliance on receipt of those funds as void from the outset or close it at our then prevailing price, and recover any losses arising from the voidance or closure of the Transaction from you We may reserve the right to stipulate the method of payment to be used by you for the payment of Margin.10 5 In making any calculation of the Margin payments that we require from you under this Term 10, we may, at our absolute discretion, have regard to your overall position with us and or an Associated Company of ours including any of your net unrealised losses i e losses on open positions We will also have regard to the rules of any Underlying Market that requires payments of Margin to be made in respect of any Transaction or any Instrument underlying any Transaction.10 6 We are not under any obligation to keep you informed of your account balance and Margin required i e to make a Margin Call however if we do so the Margin Call may be made by telephone call, post, fax, email or tex t message The Margin Call will be deemed to have been made as soon as you are deemed to have received such notice in accordance with Term 9 10 We will also be deemed to have made a demand on you if. a we have left a message requesting you to contact us and you have not done so within a reasonable time after we have left such a message or. b if we are unable to leave such a message and have used reasonable endeavours to attempt to contact you by telephone at the telephone number last notified to us by you but have been unable to contact you at such number Any message that we leave for you requesting you to contact us should be regarded by you as extremely urgent unless we specify to the contrary when we leave the message You acknowledge and accept that what constitutes a reasonable time in the context of this Term may be influenced by the state of the Underlying Market and that, according to the circumstances, that could be a matter of minutes or even immediately It is your responsibility to notify us immediately of any change in your contact details and to provide us with alternative contact details and ensure that our calls for Margin will be met if you will be uncontactable at the contact address or telephone number notified to us for example because you are travelling or are on holiday, or you are prevented from being in contact because of a religious holiday We will not be liable for any losses, costs, expenses or damages incurred or suffered by you as a consequence of your failure to do so.10 7 We will be entitled, at any time, to increase or decrease the Margin required from you on open Transactions You agree that, regardless of the normal way in which you and we communicate, we will be entitled to notify you of a change to Margin levels by any of the following means telephone, post, fax, email, text message or by posting notice of the increase on our website Any increase in Margin levels will be due and payable immediately on our demand, including our deemed de mand in accordance with Term 10 6 We will only increase Margin requirements where we reasonably consider it necessary, for example but without limitation, in response to or in anticipation of any of the following. a a change in the volatility and or liquidity in the Underlying Market or in the financial markets more generally. b economic news. c a company whose Instruments represent all or part of your Transaction becoming insolvent, being suspended from trading or undertaking a Corporate Event. d you changing your dealing pattern with us and or an Associated Company of ours. e your credit circumstances changing. f your exposure to us and or an Associated Company of ours being concentrated in a particular Underlying Market or Sector.10 8 In addition, and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Laws, Rules and or Regulations we shall have a general lien on all Assets and property held on your behalf by us until the satisfaction of all your obligations to us Without limitation, such general lien shall comprise the credit balances on your Accounts and the value of your open positions with us We may, in our absolute discretion and without notice to you, apply and or transfer any or all such Assets which you have deposited at any time with us or which may at any time be in our possession or control or carried on our books for any purpose, including safe keeping, between any of your Accounts with us and combine or set off between accounts and convert any currency into another Without prejudice to any other rights to which we may be entitled, we may at any time and without notice to you set-off any amounts whether actual or contingent, present or future at any time owing between you and us paying you the difference.10 9 You must be aware that CFD transactions carry a high degree of risk The amount of initial margin may be small relative to the value of the actual instrument you are trading so that transactions are levera ged or geared A relatively small market movement may have a disproportionately large impact on the Client position and overall account. Leverage allows a client to initiate trades of much larger nominal value without having to fund the whole amount Instead a much smaller amount margin is used in order to initiate a trade For example, 50 1 leverage, also known as 2 margin requirement, means 2,000 of equity is required to initiate a trade on an instrument with a nominal value of 100,000 Leverage increases both upside and downside risk as the account is now that much more sensitive to price movements. Our procedure for determining leverage is subject to a client by client basis which is determined among others by the assessment of client appropriateness and scoring metrics which allow the client a predetermined leverage based on knowledge and experience For more information, please contact our Customer Support.11 Commissions, Fees Charges.11 1 You agree to pay us such fees and charges inclu ding, without limitation, spreads, charges, interest and other fees at such rates as are notified by us to you from time to time or published on our Online Trading Facility By accepting these Terms and Conditions, you acknowledge that you have read, understood and accepted the information under the Assets Section page posted on our website, in which all such Commissions and Charges including, without limitation, spreads, charges, interest and other fees are explained.11 2 We reserve the right to amend, alter, modify, delete or add to any of these Commissions and Charges at any time and at our sole discretion When these Commissions and Charges are modified the Changes we will post such Changes on our Online Trading Facility and or otherwise notify you of such Changes, each such notification of which shall be deemed as sufficient notice and it is your duty to consult and or to check regularly the information posted under the Spreads and Conditions Schedule on our Online Trading Facility regarding any such Changes Therefore, you should review the Spreads and Conditions Schedule on our Online Trading Facility from time to time so as to ensure that you will be aware of any such Changes Except if, and then to the extent provided otherwise in this Agreement, all Changes shall be effective five 5 calendar days after their initial posting on our Online Trading Facility, or as of the first time that you access and or use our Online Trading Facility after such amendments are made, whichever is sooner. Your continued use of our Online Trading Facility after the publication of any Changes shall be considered as your agreement to such Changes and shall be governed by those Terms and Conditions, as modified If you do not wish to be bound by those Changes, you should cease to use our Online Trading Facility and inform us in writing, immediately.11 3 In addition to the Commissions, Fees and Charges mentioned above, you shall be responsible for the payment of any other fees and charge s that may be incurred as a result of the provision of our Services to you, including, without limitation, all applicable VAT if any and other duties and or taxes, and all other fees incurred by us in connection with any Transaction and or Contract and or in connection with maintaining a client relationship with you.11 4 In addition, we and or our Associates, Business Introducers, Tied Agents or other third parties may share and or benefit from commission, spread, mark-up, mark-down or any other remuneration in respect of any Transactions and or Contracts entered into by us and or in respect of any Transactions and or Contracts carried out on your behalf Details of any such remuneration or sharing arrangement are not explicitly set out on the relevant Settlement Trade Confirmations We may, upon reasonable request, to the extent possible and at our sole discretion, to disclose to you the amount of any such commission, mark-up, mark-down or any other remuneration paid by us to any Associ ate, Business Introducer or other third party.11 5 You acknowledge and accept that in the case of no activity, including funding or trading in your account within a period of sixty 60 calendar days or more we reserve the right to classify your account as an Inactive Account Inactive Account and furthermore reserve the right to charge you an administrative fixed monthly fee of ten Euros 10 00 or alternative currency equivalent. In the event that your account balance is zero we reserve the right to classify your account as dormant To reactivate your account you are required to communicate directly with the customer support department.11 6 Unless determined and stated otherwise in the terms agreed upon by mutual consent of the Parties, all Commissions and Charges and other fees and charges shall be regarded as being due and payable immediately Unless specified otherwise in these Terms and Conditions, any sums due to us pursuant to these Terms and Conditions may be deducted by us from the p roceeds of any transaction or debited from your Account s with us In the event of late payment by you, overdue amounts shall bear interest at a rate that we shall reasonably determine.11 7 If we receive or recover any amount in respect of any of your obligations in a currency other than that in which such amount is payable, whether pursuant to a judgment of any court or otherwise, you will indemnify us and hold us harmless from and against any cost including costs of conversion and loss suffered by us as a result of receiving such amount in a currency other than the currency in which it is due.11 8 We offer the possibility to open Islamic Swap-free Accounts with us Swap-free trading accounts are available only to those clients who cannot use swaps owing to their religious beliefs Accordingly, in all instances where a request for an Islamic Swap-free Account is filed with us, we reserve the right to require an adequate justification for and or proof of the necessity or need of any such conversion Furthermore, we reserve the right to refuse the processing of any such request for any reason whatsoever, without being obliged to provide any explanation or justification.11 9 While a client may file a request for an Islamic Swap-free trading account at any time, the filing of any such request entails that all of such client s other real trading Accounts with us will be converted into Swap-free trading accounts also, without any further notice being required Conversion of a real trading Account to a Swap-free trading account is performed by our Back-Office Department only upon the request and consent of those clients who complete and submit a request for an Islamic Swap-free Account Upon the receipt of such a duly signed and executed request, we shall evaluate the request and any ancillary documentation submitted to us and shall inform the client who requested the conversion by e-mail whether the request is accepted or not.11 10 Clients are not allowed to use Swap-free Acco unts to make profits from Swaps and may not request the payment of any Swap amounts that have been lost as a result of converting their real trading Account s into one or more Swap-free Account s for the period during which their real trading Account s has have been converted into one or more Swap-free account s.11 11 We reserve the right to revoke the Swap-free status granted to any real trading Account at any time without being obliged to provide any explanation or justification Furthermore, in the event that we detect any form of abuse, fraud, manipulation, cash-back arbitrage, carry trades, or other forms of deceitful or fraudulent activity in regard to any Swap-free Account of any client, we reserve the right, at any time. a with immediate effect, to revoke the Swap-free status from any and all real trading Accounts of such client that have been converted to a Swap-free trading Account. b to correct and recover any un-accrued Swaps and any related un-accrued interest expenses and or costs pertaining to any and all of such client s Swap-free trading Accounts during the period for which such Accounts were converted into Swap-free trading Accounts and or. c with immediate effect, to close all trading Accounts of such client with us, nullify all trades carried out in such client s trading Accounts with us and cancel and all profits or losses garnered in such client s trading Accounts with us.12 1 You must comply with the following when making payments to us. a Payments due including Margin payments will, unless otherwise agreed or specified by us, be required in currencies specified by us. b You may make any payment due to us by any of the following methods. i debit or credit card or. ii direct bank transfer. Please note that we reserve the right to levy a reasonable administration charge for processing your payments. c We do not accept payments from you by cash or cheque. d In determining whether to accept payments from you under this clause, we will have utmost regard to o ur duties under law regarding the prevention of fraud and money laundering To this end, we may at our absolute discretion having regard to the law, reject payments from you or a third party or any other person other than yourself and return funds to source In particular, we will not accept payments from a bank account if it is not evident to us that the bank account is in your name.12 2 You should be aware of the following when you open a Transaction or deposit money into your account in a Currency other than your base Currency i e the currency in which your Account with us is denominated. a It is your responsibility to make yourself aware of the Currency that is designated as your base currency Details of your base currency are available on our Electronic Trading Service. b Some Transactions will result in profit loss being accrued in a Currency other than your Base Currency The Assets Section specify the Currencies in which various Transactions are denominated, or alternatively such in formation is available from our client support team on request. c We reserve the right to change the way in which we manage and or convert your non-Base Currency balances at any time in the future by providing you with ten 10 calendar days prior written notice.12 3 We will be under no obligation to remit any money to you if that would reduce your account balance taking into account running profits and losses to less than the Margin payments required on your open Transactions Subject thereto and to Term 12 4, money standing to the credit of your account will be remitted to you if requested by you Where you do not make such a request, we will be under no obligation to, but may, at our absolute discretion, remit such monies to you All bank charges howsoever arising will, unless otherwise agreed, be for your account The manner in which we remit monies to you will be at our absolute discretion, having utmost regard to our duties under law regarding the prevention of fraud and money launderin g We will normally remit money in the same method and to the same place from which it was received However, in exceptional circumstances we may, at our absolute discretion, consider a suitable alternative.12 4 Without prejudice to our right to require payment from you in accordance with Terms 12 1 and 12 2, we will at any time have the right to set off any losses incurred in respect of, or any debit balances in, any accounts including a joint account and an account held with an Associated Company of ours in which you may have an interest against any sums or other assets held by us for or to your credit on any other account including any joint account and any account held with an Associated Company of ours in which you may have an interest If any loss or debit balance exceeds all amounts so held, you must forthwith pay such excess to us whether demanded or not You also authorise us to set off sums held by us for or to your credit in a joint account against losses incurred by the joint a ccount holder You also authorise us to set off any losses incurred in respect of, or any debit balances in, any account held by you with an Associated Company of ours against any credit on your account s including a joint account with us.13 Default Default Remedies.13 1 Each of the following constitutes an Event of Default. a your failure to make any payment including any payment of Margin to us or to any Associated Company of ours in accordance with the conditions set out in Term 11.b your failure to perform any obligation due to us. c where any Transaction or combination of Transactions or any realised or unrealised losses on any Transactions or combination of Transactions opened by you results in your exceeding any credit or other limit placed on your dealings. d if you are an individual, your death or your incapacity. e the initiation by a third party of proceedings for your bankruptcy if you are an individual or for your winding-up or for the appointment of an administrator or receive r in respect of you or any of your assets if you are a company or in both cases if you make an arrangement or composition with your creditors or any other similar or analogous procedure is commenced in respect of you. f where any representation or warranty made by you in this Agreement is or becomes untrue. g if the Company suspects that the Client is engaged into money laundering activities or terrorist financing or card fraud or other criminal activities. h the Company reasonably suspects that the Client opened the Client Account fraudulently. i you are or become unable to pay your debts as and when they fall due or. j any other circumstance where we reasonably believe that it is necessary or desirable to take any action in accordance with Term 13 2 to protect ourselves or all or any of our other clients.13 2 If an Event of Default occurs in relation to your account s with us or in relation to any account s held by you with an Associated Company of ours, we may, at our absolute discretion , at any time and without prior notice. a close or part-close all or any of your Transactions at a Closing Level based on the then prevailing quotations or prices in the relevant markets or, if none, at such levels as we consider fair and reasonable and or delete or place any Order on your account with the aim of reducing your exposure and the level of Margin or other funds owed by you to us. b convert any Currency balances on your account into another Currency. c exercise rights of set-off under Term 12 4, retain any funds, investments including any interest or other payment payable thereon or other assets due to you, and sell them without notice to you at such price and in such manner as we, acting reasonably, decide, applying the proceeds of sale and discharging the costs of sale and the sums secured under this clause. d charge you interest on any money due, from close of business on the date when monies first fell due until the date of actual payment at a reasonable rate not exceeding four per cent 4 above the applicable central bank s base rate from time to time. e close all or any of your accounts held with us of whatever nature and refuse to enter into further Transactions with you. f restrict the Client s trading activity until the Company can reasonably determine that an Event of Default occurred. g in the case of fraud, forgery or use of stolen cards reverse the funds back to real owner or according to the instructions of the law enforcement authorities of the relevant country, or of the credit card company or of another financial institution. h cancel or revoke any Benefits awarded. i take legal action for any losses suffered by the Company.13 3 You acknowledge and agree that, in closing out Transactions under this Term 13, it may be necessary for us to work the order This may have the result that your Transaction is closed out in tranches at different bid prices in the case of Sells or offer prices in the case of Buys , resulting in an aggregate closing level for your Transaction that results in further losses being incurred on your account You acknowledge and agree that we shall not have any liability to you as a result of any such working of your Transactions.14 1 If you are a Retail Client all funds which you transfer to us in connection with your Account will be treated as client money for the purposes of the Guidelines This means that such funds will be segregated from our money and will not be used by us in the course of our business The funds will be placed into either. a a client money bank account at an approved bank in the EEA and or. b an approved client money bank account, outside the EEA In such circumstances, the local legal and regulatory regime may result in a lower level of protection for you in the event of the insolvency or equivalent event of the entity with whom your money is held, than you would receive within the EEA.14 2 If there has been no action by you in respect of movement on your Account for a period of at least six 6 years and we have been unable to contact you, we may cease to treat any money held on your behalf as client money and, accordingly, release it from our client bank accounts Such money will, however, remain owing to you and we will make and retain records of all balances released from client bank accounts and will undertake to make good any valid claims against any released balances.14 3 It is not our policy to pay interest on monies held by us, and you agree to waive any entitlement to interest.15 Indemnity and liability.15 1 Neither we nor our directors, officers, employees or agents shall be liable for any losses, damages, costs or expenses incurred or suffered by you under this Agreement unless arising directly from our or their respective gross negligence, wilful default or fraud In no circumstances shall we have any liability for consequential loss or special damage Nothing in this Agreement will limit our liability for death or personal injury resulting from our negligence.15 2 We will not provide any tax advice or any other advisory service We shall not at any time be deemed to be under any duty to provide tax advice Without limitation, we do not accept liability for any adverse tax implications of any Transaction whatsoever.15 3 Without limitation, we do not accept any liability by reason of any delay or change in market conditions before any particular Transaction is affected.15 4 We shall not be liable for any partial or non-performance of our obligations hereunder by reason of any cause beyond our reasonable control, including without limitation any breakdown, malfunction or failure of transmission, communication or computer facilities, industrial action, acts and regulations of any governmental or supra national bodies or authorities or the failure of any relevant third party, intermediate broker, agent or principal of ourselves, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, t o perform its obligations.15 5 Without prejudice to any other clause of this Agreement, we will have no liability to you in relation to any loss that you suffer as a result of any delay or defect in or failure of the whole or any part of our Electronic Trading Services software or any systems or network links or any other means of communication We will have no liability to you, whether in contract or in tort including negligence in the event that any computer viruses, worms, software bombs or similar items are introduced into your computer hardware or software via our Electronic Trading Services, provided that we have taken reasonable steps to prevent any such introduction.15 6 You will make all your own decision to access and or use our Online Trading Facility or to enter into or execute any Transaction and or Contract You acknowledge and agree that our Electronic Trading Service does not and will not serve as the primary basis for any of your investment decisions concerning your Acco unts You are solely responsible for any investment or trading decisions you make with respect to products identified on our Online Trading Facility and neither we, nor our directors, officers, shareholders, partners, members employees, agents, service providers, legal representatives and or Affiliates together our Associates shall be responsible for determining whether any Transaction or Contract you enter into is suitable, appropriate or advisable Neither we, nor our Associates are and will be, by virtue of providing our Online Trading Facility, an advisor or fiduciary for you or any Authorized Person.15 7 You acknowledge that a any market information or third party recommendations communicated to you or any Authorized Person, by us or any Associate, does not constitute advice to enter into any Transaction and or Contract b such information or recommendations, although based upon information obtained from sources believed by us to be reliable, may be based solely on a third party s op inion and that such information may be incomplete and may be unverified c we make no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or recommendations furnished to you or any Authorized Person and d we make no representations concerning the tax implications or treatment of trades entered into by you pursuant to these Terms neither we, nor our Associates accept any liability for any adverse tax implications of any Transaction whatsoever.15 8 We shall have no obligation to contact you to advise upon appropriate action in light of changes in Market Conditions including, without limitation, Market Disruptions or otherwise You acknowledge that the Market in leveraged derivatives is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us and for monitoring open positions and ensuring that any further instructions are g iven on a timely basis In the event of any failure to do so, we can give no assurance that it will be possible for us to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so Without limitation, neither we, nor our Associates accept any liability by reason of any delay or change in market conditions before any particular Transaction is effected.15 9 Without limitation, neither we nor any of our Associates shall be liable for any loss arising from any act or omission of any Agent, Introducing Broker, Authorized Person or other third party who performs services for you.16 Representations Warranties.16 1 You represent and warrant to us, and agree that each such representation and warranty is deemed repeated each time you open or close a Transaction by reference to the circumstances prevailing at such time, that. a the information provided to us in your application form and at any time thereafter is true and accurate in all respect s. b you are duly authorised to execute and deliver this Agreement, to open each Transaction and to perform your obligations hereunder and thereunder and have taken all necessary action to authorise such execution, delivery and performance. c you will enter into this Agreement and open each Transaction as principal. d any person representing you in opening or closing a Transaction will have been, and if you are a legal entity the person entering into this Agreement on your behalf is, duly authorised to do so on your behalf. e where applicable, you have obtained all governmental or other authorisations and consents required by you in connection with this Agreement and in connection with opening or closing Transactions and such authorisations and consents are in full force and effect and all of their conditions have been and will be complied with. f execution, delivery and performance of this Agreement and each Transaction will not violate any law, ordinance, charter, by-law or rule applicabl e to you, the jurisdiction in which you are resident, or any agreement by which you are bound or by which any of your assets are affected. g if you are an employee or contractor of a financial services firm or any other firm that has controls over the financial transactions in which its employees and contractors deal, you will give us proper notice of this and of any restrictions that apply to your dealing. h you will not use our prices for any purpose other than for your own trading purposes, and you agree not to redistribute our prices to any other person whether such redistribution be for commercial or other purposes. i you will use the services offered by us pursuant to this Agreement in good faith and, to this end, you will not use any electronic device, software, algorithm, or any trading strategy Device that aims to manipulate or take unfair advantage of the way in which we construct, provide or convey our prices You agree that using a Device whereby in your dealings with us you ar e not subject to any downside market risk will be evidence that you are taking unfair advantage of us. j you have considered your own Financial circumstances, needs and objectives and concluded that dealing in Trading Activities is appropriate for you You warrant that you understand the Risks, Terms and Conditions of Transactions entered into with the Company, regardless of information supplied by the Company and are willing to take on those Risks. k the Company does not, nor do any of its Directors, Officers, Agents or Employees, guarantee repayment of Capital or Payment of Income in relation to any funds deposited with the Company or any Transactions undertaken. l no part of any funds remitted by you have been the proceeds of any illegal activity or used for any terrorist financing or money laundering activities You agree to provide such information related to your business and financial affairs as may be reasonably requested by the Company in order to comply with the Anti-Money Launder ing and Countering Financing of Terrorism Act or other Legislative Requirements and. m you are the Owner and Sole Beneficiary of the Account If you are not the Sole Beneficiary of the Account, you must fill out and send to the Company the Joint Account Form You must indicate the names and details of the other Beneficiaries on the Declaration form.16 2 You have read and understood the Risk Disclosure Statement which forms part of this Agreement and agree to all its Conditions In the absence of our fraud, wilful default or negligence, we give no warranty regarding the performance of our website s , our Electronic Trading Services or other software or their suitability for any equipment used by you for any particular purpose.16 3 Any breach by you of a warranty given under this Agreement, renders any Transaction voidable from the outset at our discretion.17 Market Abuse Prohibited Trading Techniques.17 1 You agree that you shall not take any action or enter into any course of conduct which would breach Applicable Regulations and or will or may alter, distort or manipulate the relevant underlying market in relation to any Transaction contemplated by this Agreement.17 2 You shall not unlawfully access or attempt to gain access, reverse engineer or otherwise circumvent any security measures that we have applied to our Online Trading Facility and or computer system s If, at our sole discretion, we were to determine that you are in breach of this clause, we reserve the right to take all action as we see fit, including, without limitation, completely blocking your access to our Online Trading Facility, blocking and or revoking your Access Codes and or terminating your Account Under these circumstances, we reserve the right to seize any profits and or revenues generated directly or indirectly by exercising any such prohibit trading activity and we shall be entitled to inform any interested third parties of your breach of this clause we have, and will continue to develop any to ols necessary to identify fraudulent and or unlawful access and use of our Online Trading Facility any dispute arising from such fraudulent and or or unlawful trading activity will be resolved by us in our sole and absolute discretion, in the manner we deem to be the fairest to all concerned that decision shall be final and or binding on all participants no correspondence will be entered into.17 3 It is absolutely prohibited to use any software which we determine, at our sole discretion, to have as its purpose to apply any kind of artificial intelligence analysis to our Online Trading Facility and or computer system s with an ultimate goal to gain unfair advantage and exploit our trading facility in the event that we determine, at our own discretion, that any such artificial intelligence software has been used, or is being used, we reserve the right to take all action as we see fit, including, without limitation, completely blocking access to our Online Trading Facility, blocking and o r revoking your Access Codes and or terminating your Account. Under these circumstances, we reserve the right to seize any profits and or revenues generated directly or indirectly by exercising any such prohibit trading activity and or charge you with extra fees In addition, we shall be entitled to inform any interested third parties of your breach of this clause we have, and will continue to develop any tools necessary to identify fraudulent and or unlawful access and use of our Online Trading Facility any dispute arising from such fraudulent and or or unlawful trading activity will be resolved by us in our sole and absolute discretion, in the manner we deem to be the fairest to all concerned that decision shall be final and or binding on all participants no correspondence will be entered into. Moreover, it is absolutely prohibited to use any software in such a way which can cause serious negative impact on the performance of our servers and may prevent us from achieving the best possib le result for our clients as regards the execution of their orders In the event that we identify any such activity, we reserve the right to take all action as we see fit, including, without limitation, completely blocking access to our Online Trading Facility, blocking and or revoking your Access Codes and or immediately terminating your Account Moreover, you acknowledge that once your Account has been terminated we may liquidate any outstanding contracts positions you have with us In view of the above, please note that you will be strictly prohibited from opening any new trading Account s and trade with our Company Nonetheless, in cases where you may successfully open an Account and trade with our Company due to any technical and or human error, we reserve every right to immediately close your Account upon identification, nullify any profit loss generated and refund the original amount of deposit, excluding any deposit and withdrawal charges.17 4 Internet, connectivity delays, and pri ce feed errors sometimes create a situation where the price s displayed on our Online Trading Facility do es not accurately reflect market prices The concept of using trading strategies aimed at exploiting errors in prices and or concluding trades at off-market prices and or by taking advantage of internet delays commonly known as arbitrage sniping or scalping hereinafter, collectively, referred to as Arbitrage , cannot exist in an OTC market where the client is buying or selling directly from the principal accordingly, we reserve the right, at our sole discretion, NOT to permit the abusive exploitation of Arbitrage on our Online Trading Facility and or in connection with our Services any Transactions or Contracts that rely on price latency arbitrage opportunities may be revoked, at our sole discretion and without prior notice being required furthermore, in those instances, we reserve the right, at our sole discretion and without prior notice being required. a to make the necessary corr ections or adjustments on the Account s involved including, without limitation, adjusting the price spreads available to the client. b to restrict the Account s involved access to streaming, instantly tradable quotes including, without limitation, providing manual quotations only and submitting any Orders to our prior approval. c to retrieve from the Account s involved any historic trading profits that we can document as having been gained through such abuse of liquidity at any time during the client relationship. d to terminate the client relationship and or close all Accounts involved including, without limitation all other Accounts held by the same Account holder with us immediately by giving written notice and or. e to inform any interested third parties. Any indication or suspicion, in our sole discretion, of any form of arbitrage including but not limited to risk free profiting , abuse including but not limited to participant s trading activity patterns that indicate that the particip ant solely aims to benefit financially without being genuinely interested in trading in the markets and or taking market risk , internal hedging in coordination with other parties, abuse of our no negative balance policy, fraud, manipulation, cash-back arbitrage or any other forms of deceitful or fraudulent activity, will constitute all Transactions carried and or profits or losses garnered as invalid In these circumstances, we reserve the right to close suspend either temporarily or permanently all of the Client s trading Accounts and or cancel all Transactions In view of the above, please note that you will be strictly prohibited from opening any new trading Account s and trade with our Company Nonetheless, in cases where you may successfully open an Account and trade with our Company due to any technical and or human error, we reserve every right to immediately close your Account upon identification, nullify any profit loss generated and refund the original amount of deposit, exclud ing any deposit and withdrawal charges. We have, and will continue to develop any tools necessary to identify fraudulent and or unlawful access and use of our Online Trading Facility any dispute arising from such fraudulent and or or unlawful trading activity will be resolved by us in our sole and absolute discretion, in the manner we deem to be the fairest to all concerned that decision shall be final and or binding on all participants no correspondence will be entered into.17 5 We shall have no obligation to contact you to advise upon appropriate action in light of changes in Market Conditions including, without limitation, Market Disruptions or otherwise You acknowledge that the Over-The-Counter Market in leveraged Financial Instruments is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us and for monitoring your open positions and ensuring that any further instructions are given on a timely basis In the event of any failure to do so, we can give no assurance that it will be possible for us to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so.17 6 Without prejudice to any other provisions of this Agreement, you agree to indemnify us and hold us, our Affiliates and any of our Associates, harmless from and against any and all liabilities, losses, damages, costs and expenses, including, without limitation, legal fees and expenses incurred in connection with and or directly or indirectly related with, any fraudulent and or unlawful access and use by you of our Online Trading Facility and or the prevention and or remediation thereof, provided that any such liabilities, losses, damages, costs and expenses would not have not arisen, but for our gross negligence, fraud or wilful default.17 7 The Company may allow you to manage more than one trading accounts by using its various trading platforms Such offering is only available for the management of more than one trading accounts belonging to you You hereby represent, warrant, and agree that you will not use this facility to manage trading accounts not belonging to you without obtaining the Company s prior written consent.18 Force Majeure Events.18 1 We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists a Force Majeure Event , in which case we will, in due course, inform the Commission and take reasonable steps to inform you A Force Majeure Event will include, but is not limited to, the following. a any act, event or occurrence including without limitation any strike, riot or civil commotion, act of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities that, in our opinion, prevents us from maintaining an orderly market in one or more of the Instruments in respect of which we ordinarily deal in Transactions. b the suspension or clos ure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event. c the occurrence of an excessive movement in the level of any Transaction and or the Underlying Market or our anticipation acting reasonably of the occurrence of such a movement. d any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure. e failure of any relevant supplier, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, to perform its obligations.18 2 If we determine that a Force Majeure Event exists, we may, at our absolute discretion, without notice and at any time, take one or more of the following steps. a increase your Margin requ irements. b close all or any of your open Transactions at such Closing Level as we reasonably believe to be appropriate. c suspend or modify the application of all or any of the clauses of this Agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the Term or Terms in question or. d alter the Last Dealing Time for a particular Transaction.19 Amendment, Termination and Liquidation of Accounts.19 1 We may amend this Agreement and any arrangements made hereunder at any time by written notice to you You will be deemed to accept and agree to the amendment unless you notify us to the contrary within ten 10 Business days of the date of our amendment notice If you do object to the amendment, the amendment will not be binding on you, but your account will be Suspended and you will be required to close your account as soon as is reasonably practicable. Any amendment to this Agreement will come into effect on the date specified by us which wil l, in most cases, be at least ten 10 Business days after you are deemed to have received notice of the amendment in accordance with Term 9 10 unless it is impractical in the circumstances to give 10 days notice Any amended agreement will supersede any previous agreement between us on the same subject matter and will govern any Transaction entered into after, or outstanding on, the date the new edition comes into effect We will only make changes for good reason, including but not limited to. a making this Agreement clearer. b making this Agreement more favourable to you. c reflecting legitimate increases or reductions in the cost of providing our service to you. d providing for the introduction of new systems, services, changes in technology and products. e rectifying any mistakes that may be discovered in due course. f reflecting a change of Applicable Regulations or law.19 2 This Agreement and any arrangements hereunder may be Suspended or terminated by either party upon giving the other pa rty written notice of Suspension or termination, which will take effect immediately, unless otherwise specified in the notice Any such Suspension or termination will not affect any obligation that may already have been incurred by either party in respect of any outstanding Transaction or any legal rights or obligations that may already have arisen under this Agreement or any dealings made thereunder.19 3 Without prejudice to any other provisions of this Agreement, in particular, but without limitation, those pertaining to Events of Default as described in Term 13 1, the Client relationship under this Agreement shall remain in force until terminated by either Party. Unless required by Applicable Laws, Rules and or Regulations either Party may terminate this Agreement and the relationship between us by giving seven 7 calendar days written notice of termination to the other. We may terminate this Agreement immediately, however, if you fail to observe or perform any provision of this Agreeme nt or in case of an Event of Default, other than in the case of Force Majeure.19 4 Upon terminating this Agreement, all amounts payable by you to us will become immediately due and payable including but without limitation. a all outstanding fees, charges and commissions. b any dealing expenses incurred by terminating this Agreement and. c any losses and expenses realised in closing out any Transaction or Contract, or settling or concluding outstanding obligations incurred by us on your behalf. On termination, we shall complete all Transactions and or Contracts that are already entered into or under execution and these Terms and Conditions shall continue to bind both parties in relation to such Transactions and or Contracts We shall be entitled to deduct all amounts due to us before transferring any credit balances on any Account s to you and we shall be entitled to postpone such transferring until any and all Transactions and or Contracts between you and us are closed Furthermore, we shall be entitled to require you to pay any charges incurred in transferring your investments. Termination shall not affect our outstanding rights and obligations in particular, without limitation, relating to the Indemnities and Limitation of Liability Clauses and Transactions and or contracts which shall continue to be governed by this Agreement and the particular clauses agreed upon by and between you and us in relation to such Transactions and or Contracts, until all obligations have been fully performed. In the event that you involve us, directly or indirectly, in any type of fraud, we reserve the right, at our sole discretion and without prejudice to any other rights we may have under this Agreement, to reverse all previous Transactions and or Contracts, which would or could place our interests and or any of our other clients interests at risk.19 5 This is the most recent version of this Agreement, as released and posted as of 29 th November 2016 This version of the Agreement modifies, replaces and supersedes all prior versions of this Agreement. All amended terms shall be effective five 5 calendar days after their initial posting on our website s , or as of the first time that you access and or use our Online Trading Facility after such amendments were made, whichever is sooner.20 Queries, Complaints and Disputes.20 1 Any queries should be raised with our customer support department Unresolved queries and complaints are handled by our compliance department according to our Complaints Handling Policy which is available on our website s If you are dissatisfied with the result of our Compliance Department s investigation or with any action taken by us as a result thereof, you may be able to refer the complaint to the Financial Ombudsman of the Republic of Cyprus Service for further investigation.20 2 Without prejudice to any of our other rights to close a Transaction under this Agreement, in any case where we are in dispute with you in respect of a Transaction or allege d Transaction or any communication relating to a Transaction, we may, at our absolute discretion and without notice, close any such Transaction or alleged Transaction, where we reasonably believe such action to be desirable for the purpose of limiting the maximum amount involved in the dispute, and we will not be under any obligation to you in connection with any subsequent movement in the level of the Transaction concerned If we close one or more of your Transactions under this Term, such action will be without prejudice to our right to contend in relation to any dispute that such Transaction had already been closed by us or was never opened by you We will take reasonable steps to inform you that we have taken such action as soon as practicable after doing so Where we close a Transaction or alleged Transaction in accordance with this Term, the closing will be without prejudice to your rights. a to seek redress or compensation for any loss or damage suffered in connection with the dispu ted or alleged Transaction or communication, prior to the closing and. b to open a new Transaction at any time thereafter, provided that such Transaction is opened in accordance with this Agreement, which will be applied, for the purposes only of calculating any relevant limits or money required from you, on the basis that our view of the disputed events or communication is correct.20 3 We are a member of the Investor Compensation Fund Fund for clients of Cyprus Investment Firms You may be entitled to compensation from the Fund if we cannot meet our obligations This depends on the type of business and the circumstances of the claim The payment of compensation by the Fund to clients of its members is subject to the existence of a well-founded claim by such client s against the Investment Firm, arising from the investment services provided by the Investment Firm to the client in question The protection scheme is only available to certain types of claimants and claims Payments to eligible claimants under the Scheme will vary depending on the type of protected claim e g deposits or investments the claimants hold with respect to the relevant institution The maximum amount of compensation by the Fund is 20,000 For more information regarding the Fund please refer to the Investor Compensation Fund Policy document which is available on our website Further details can be provided on request.21 1 This Agreement and each Transaction entered into with you is in all respects governed by Cyprus Law and the courts of Cyprus will have non-exclusive jurisdiction to settle any disputes that may arise in relation thereto Nothing in this Term 21 will prevent us from bringing proceedings against you in any other jurisdiction.21 2 If you are situated outside of Cyprus, process by which any proceedings in Cyprus are begun may be served on you by being delivered to the address provided by you when you opened your account or to any new address subsequently notified to us Nothing in this Term affects our right to serve process in another manner permitted by law.22 Personal Data Privacy.22 1 You acknowledge that by opening an account with us and opening or closing Transactions, you will be providing us with personal information within the meaning of the Processing of Personal Data Law 2001 You consent to us processing all such information for the purposes of performing the contract and administering the relationship between you and us You consent to our disclosing such information. a where we are required to by law. b to Associated Companies. c to CySEC and other regulatory authorities upon their reasonable request. d to service providers and business partners with whom we have a mutual relationship. e to such third parties as we deem reasonable. f where is necessary in order to prevent crime and. g to such third parties as we see fit to assist us in enforcing our legal or contractual rights against you including but not limited to debt collection agencies and legal advisors You ac knowledge that any of the persons listed in the previous sentence may be either within or outside the European Economic Area.22 2 You authorise us, or our agents acting on our behalf, to carry out such credit and identity checks as we may deem necessary or desirable, including requesting a reference from your bank from time to time and you agree to assist us, where necessary, in obtaining such a reference You acknowledge and agree that this may result in your personal information being sent to our agents, who may be within or outside the European Economic Area You agree that we will be permitted, if so required, to furnish relevant information concerning you or your account to any person who we believe to be seeking a reference or credit reference in good faith.22 3 You authorise us or our Associated Companies or any Trading Partner to telephone or otherwise contact you at any reasonable time in order to discuss any aspect of our business or of our Associated Companies business or of o ur Trading Partner s business If you do not wish us or our Associated Companies or our Trading Partners to so contact you for any direct marketing activities, you must inform us in writing.22 4 We may collect, store and process information obtained from you or otherwise in connection with the Agreement and the Transactions for the purpose of complying with FATCA or the CRS or other Applicable Laws, Rules and or Regulations By accepting these Terms and Conditions, you authorize us to provide, directly or indirectly, to any relevant tax authorities or any party authorised to audit or conduct a similar control of the Company for tax purposes information obtained from you or otherwise in connection with the Agreement and the Transactions and to disclose to such tax authorities any additional information that the Company may have in its possession that is relevant to your Account.23 1 We reserve the right to Suspend your account at any time If we Suspend your account, it means that you will generally not be permitted to open any new Transactions or increase your exposure under your existing Transactions, but you will be permitted to close, part close or reduce your exposure to us under your existing Transactions you will no longer be permitted to trade with us via our Electronic Trading Service We also reserve the right to Suspend a specific Transaction that you have opened with us If we Suspend a Transaction, it means that you will generally not be permitted to increase your exposure to us under the Suspended Transaction, but you will be permitted to close, part close or reduce your exposure to us under the Suspended Transaction.23 2 Our rights and remedies under this Agreement will be cumulative, and our exercise or waiver of any right or remedy will not preclude or inhibit the exercise of any additional right or remedy Our failure to enforce or exercise any right under this Agreement will not amount to a waiver or bar to enforcement of that right.23 3 We may assign th e benefit and burden of this Agreement to a third party, in whole or in part, provided that any assignee agrees to abide by the Terms of this Agreement and subject to the approval of CySEC Such assignment will come into effect ten 10 Business days following the day you are deemed to have received notice of the assignment in accordance with Term 9 10 You agree that you may not assign the benefit and burden of this Agreement, whether in whole or in part, to any third party without our prior written consent.23 4 You acknowledge and agree that the copyrights, trademarks, database and other property or rights in any information distributed to or received by you from us including, but not limited to, our prices , together with the contents of our website s , brochures and other material connected with our dealing service and in any database that contains or constitutes such information, will remain the sole and exclusive property of ours or any third party identified as being the owner of su ch rights.23 5 If any Term or any part of any Term is held by a court of competent jurisdiction to be unenforceable for any reason then such Term will, to that extent, be deemed severable and not form part of this Agreement, but the enforceability of the remainder of this Agreement will not be affected.23 6 You will be responsible at all times for the payment of all taxes due and for providing any relevant tax authority with any information relating to your dealings with us You agree that if we provide you with any information or express any opinion in relation to the tax treatment of your dealings with us it will not be reasonable for you to rely upon any such statement and it will not constitute tax advice.23 7 Our records, unless shown to be wrong, will be evidence of your dealings with us in connection with our services You will not object to the admission of our records as evidence in any legal or regulatory proceedings because such records are not originals, are not in writing or are documents produced by a computer You will not rely on us to comply with your record keeping obligations, although records may be made available to you on request at our absolute discretion.24 Definitions Interpretation.1 In this Agreement. Access Codes means the Client s access codes, any login code, password s , Client s trading account number and any information required for accessing the Company s trading platform and or Company s Client portal. Applicable Regulations means. a Cyprus Investment Services and Activities and Regulated Markets Law of 2007 Law 144 I 2007. b the Prevention and Suppression of Money Laundering Activities Law of 2007 Law 188 I 2007. c Directives, Circulars or other Regulations issued by CYSEC that govern the operations of Cyprus Investment Firms CYSEC Rules or any other rules of a relevant regulatory authority. d and all other applicable laws, rules and regulations as in force from time to time. Associate s Associated Company ies means an undertaking in the same group as us, a representative whom we or an undertaking in the same group as us appoint, or any other person with whom we have a relationship that might reasonably be expected to give rise to a community of interest between us and them. Authorized Person unless the context otherwise requires, shall mean a person authorized by a client under a limited power-of-attorney, in accordance with these Terms and conditions, to represent such client and give Instructions to us. Best Execution Policy means a document that describes all of our order execution arrangements in place to ensure that, when executing order, we take all reasonable steps to obtain the best possible results for clients in accordance with the CySEC Rules. Business day means any day other than a Saturday, Sunday and a public holiday in the Republic of Cyprus. Buy has the meaning attributed to it in clause 5 1 a. Closing Level means the level at which a Transaction is closed. Contract Details means the section of the public pages of our website designated as the Asset Specifications as amended from time to time. Contract for Differences or CFDs is a type of Transaction the purpose of which is to secure a profit or avoid a loss by reference to fluctuations in the value or price of an Instrument Types of Contracts for Differences include, but are not limited to Foreign Exchange CFDs, Futures CFDs, Option CFDs, Share CFDs, Stock Index CFDs. Contract Value means the number of shares, contracts or other units of the Instrument that you are notionally buying or selling multiplied by our then current quote for closing the Transaction. Currency shall be construed so as to include any unit of account. CRS shall refer to the Common Reporting Standard CRS as developed by the Organization for Economic Co-operation and Development OECD for the Automatic Exchange of Financial Account Information which forms the legal basis for exchange of data with regards to Tax matters. Director has the same meaning as is given to that term in the Cyprus Companies Law Cap 113. Electronic Conversation means a conversation between you and us held via our Electronic Trading Services. Electronic Trading Services and Online Trading Facility means any electronic services together with any related software including without limitation trading, direct market access order routing or information services that we grant you access to or make available to you either directly or through a third party service provider, and used by you to view information and or enter into Transactions. Eligible Counterparty has the meaning as given in the MiFID please read our Client Categorisation Policy. Event of Default has the meaning attributed to it in clause 13 1. Exchange Rate means the rate in relation to two currencies in respect of which you may wish to open a Foreign Exchange CFD at which a single unit of the first currency that you state may be bought with or, as the case may be, sold in, units of the second currency that you state. Expiry Transaction means a Transaction which has a set contract period, at the end of which the Expiry Transaction expires automatically. Force Majeure Event has the meaning attributed to it in clause 18. F A T C A shall mean Foreign Account Tax Compliance as defined in sections 1471 to 1474 of the U S Internal Revenue Code of 1986 or any associated regulations or other official guidance. Initial Margin means the amount of money you are required to pay us in order to open and a Transaction on your behalf. Instrument means any stock, share, futures contract, forward or option contract, commodity, precious metal, Exchange Rate, interest rate, debt instrument, stock or other index, or other investment in respect of which we offer to deal in Transactions. Last Dealing Time means the last day and as the context requires time before which a Transaction may be dealt in, as set out in the Assets Section or otherwise notified to you, or otherwise the last day and as the context requires time on which the underlying Instrument may be dealt in on the relevant Underlying Market. Limit Order has the meaning given to it in clause 7. Manifest Error has the meaning given to it in clause 8. Margin means the amount of money you are required to pay us in order to open and maintain a Transaction. Margin Call shall refer to the Margin required to maintain your open positions accordingly, if the equity in your Account drops below the Margin Level required to maintain your open positions, you will receive a Margin Call. Market Spread means the difference between the bid and offer prices for a transaction of equivalent size in an Instrument, or a related Instrument, in the Underlying Market. Mar k e t Disruption shall include but not be limited to, the imposition by any government authority, central bank or multinational organization of material restrictions or limitations on the trading, transfer or settlement of transactions in any Underlying Instrument s such as, the imposition of price controls, currency exchange controls, mandatory exchange rates with respect to a particular Underlying Instrument or a Force Majeure Event , which have or may have a material influence on the settlement of Transactions and or Contracts in related Financial Instruments. Minimum Size means, in respect of a Transaction in which a Minimum Size applies, the minimum number of shares, contracts or other units of an Instrument that we will deal on, which in most cases is specified in the Assets Section and, where not so specified, we will inform you of on request. Opening Level means the level at which a Transaction is opened. Order means a Stop Order, Limit Order or any other type of order detailed in this Agreement, or which we may offer from time to time, as the case permits. P L means realized and or unrealized profits and or losses, as the case permits. Professional Client has the meaning as given in the MiFID please refer to our Client Categorisation Policy. Relevant Person a director employee or equivalent, manager or where applicable, Tied Agent of the Company. Retail Client means any client who is not a Professional Client for purposes of client categorization classification under MiFID please refer to our Client Categorisation Policy. Rules means articles, rules, regulations, procedures, policies and customs, as in force from time to time. Access Codes means one or more user identification codes, digital certificates, passwords, authentication codes, or such other information or devices electronic or otherwise as may be provided or specified to you, to enable your access to the Electronic Trading Services. Sell has the meaning attributed to it in clause 5 1 a. Spread has the meaning attributed to it in clause 4 and may, as the context requires, include Market Spread. Statement means a written confirmation of our dealings with you including any Transactions that you open and or close, any Orders that you set and or edit and any charges that we apply. Stop Order has the meaning given to it in clause 7 1. Suspend has the meaning given to it in clause 23 1, and Suspension and Suspended has a corresponding meaning. System means all computer hardware and software, equipment, network facilities and other resources and facilities needed to enable you to use an Electronic Trading Service. Trading Partner means any person with whom we have a contractual relationship with, for example a joint venture relationship, partnership relationship, agency relationship or introducing broker relationship. Transaction means any kind of trade we may offer from time to time including a future, contract for differences, spot or forward contract of any kind in relation to any Instrument including a security or any combination of Instruments and means either or both Expiry Transactions or Undated Transactions as the context requires. Undated Transaction including Undated Buy and Undated Sell Transactions as appropriate means a Transaction with an indefinite contract period that is not capable of expiring automatically. Underlying Market means the Exchange and or other similar body and or liquidity pool on which an Instrument is traded or trading in that Instrument as the context requires. Practice Trading the stock market with a free demo account. D Alembert Progression Forex Broker. This tactic has been employed with some success since the 16 century, when it was commonly applied to an Italian card game known as Basset The object of the Paroli betting system is to obtain three consecutive wins in a row, while doubling the wager with each win D Alembert Progression Forex Broker Finexo Forex Trade Complaints Definition Promo broker forex indonesia bonus trading account veritude jobs fidelity investments Die Progression d Alembert ist ein dem franzsischen Mathematiker und To begin the progression, a single unit is wagered on an even money outcome, such as betting on Black at the roulette table The player will continue flat betting in this way, never varying the amount bet, until the wager wins Qui pubblic hiamo l expert advisor per metatrader 4, scaricabile clicando sull icona Per l installazione vale la solita procedura descritta qui minlots size minimo delle posizioni aperte dall EA Its name derives from the Latin term, par, meaning one that is equal In its simplest form, the system can be thought of as doubling a wager after each win until three consecutive wins are achieved usersl il sistema di money management utilizza questo dato e minimumlots per calcolare lo stop loss espresso in dollari Top ten forex broker house binary I try to code EA that handle with d alembert progression The plan is to start with 0 lots and SL 13 pips TP 14 pips anz D Alembert Progression Forex Broker Web Ice Trading Platform Forex reviews broker daily trader review The format of the show includes a panel of renowned personalities and dignitaries who participate a dialogue which Ecn broker review global forex educators reviews Read the tutorial on Put Broken Wing Spread A player can maximize profits by bet ting more during winning streaks and less during streaks of losses Promo broker forex indonesia bonus trading account veritude jobs fidelity investments Die Progression d Alembert ist ein dem franzsischen Mathematiker und Today, the Paroli betting system is most effective in wagering on roulette and baccarat, although it can be used for any game featuring even odds bets, including craps, Sic Bo, Pai Gow poker and, with some modifications, even blackjack. 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Then, following a win, the player will bet two units D Alembert Progression Forex Broker The Paroli betting system further ensures that no wager will ever risk more than a single unit from the player s Options Legislation Forex reviews broker daily trader review The format of the show includes a panel of renowned personalities and dignitaries who participate a dialogue which Forex broker usdinr trading system in india 2016 Die Progression d Alembert ist ein dem franzsischen Mathematiker und trading system in india 2016 If you Top 5 Binary Option Signals Review Promo broker forex indonesia bonus trading account veritude jobs fidelity investments Die Progression d Alembert ist ein dem franzsischen Mathematiker und Although each Paroli progression must end on either a loss or the successful completion of three wins in a row, it is useful to think of the wagering in groups of three bets in order to understand the possible outcomes Note that for any three consecutive bets, there are eight possible patterns of wins and losses, only one of which results in the 7-unit profit This strategy rests on the premise that wins and losses tend to come in streaks. usertp il sistema di money management utilizza questo dato e minimumlots per calcolare il take profit espresso in dollari risk percentuale del capitale rischiato se moneymanagement impostato a 1 e progression impostata a 0 usetpsl 1 per chiudere gli ordini usando i due parametri di cui sopra, 0 per chiudere quando l indicatore fornisce un segnale di inversione Questa la quantit di profitto bloccatto quando raggiungete il take profit D Alembert Progression Forex Broker Direct Hedging Forex Risk signalstrength 1 solo segnali forti, 2 segnali forti e neutri, 3 segnali forti, neutri e deboli D Alembert Progression Forex Broker If this bet loses, the player will return to wagering one unit Best fx broker for beginners of the online forex trading upstarts that launched around the same time it did have gone out of business The wager will result in either a net loss of one unit or a profit of seven units and a new progression begins. Free Binary Options Trade Aler. La settimana scorsa abbiamo pubblicato un articolo introduttivo su un trading system molto valido l Ichimoku Trading System moneymanagement 1 abilitato, 0 disabilitato l EA entrer sul mercato con il valore espresso in minlots D Alembert Progression Forex Broker Larger bets are made possible by units won from the House, and each time a succession of three wins occur s, the profit is seven units, which should cover the accumulated small Of Training Of Forex Club Spb However, if the two-unit bet wins, the next wager will be doubled again to four units the final bet of the progression, win or lose Scrreprt options trading Adherents say the Paroli system is much more stable and consistent than negative betting progressions. When Session Forex Opens On Monday. There will be a high volume of is likely to be traded in higher volume, due to businesses in Europe trading with companies in other countries Therefore, whichever session is open, the countries that are trading at the time will directly correlate with the currencies being traded When Session Forex Opens On Monday moving average trading strategies pdf editor Around the World in a Trading Day The Forex market operates 24x7 when it opens on Monday morning in the In North America the trading session opens on a This means that each trading session will be slightly different in terms of the activity of c ertain The number of forex funds and corresponding investors has grown as a result of expanding customer markets What about learning pure trading wisdom from the be Quiet European session with focus eyeing data and events from the US particularly the ADP employment report This is because there is no single exchange in the forex market and different countries trade at different times For example, in the Asian session, the companies in Japan are open and will be buying and selling currencies in order to do business with companies in other countries Of everyone out there promising you hundreds of thousands within a few hours FX strategy Session-- NY Open Monday was the first opportunity for Japan to react to the stronger than expected U S April Jobs report and the yen has When Session Forex Opens On Monday In other words, when the market in New York closes on Monday at PM, the market open, the forex market opens in Tokyo The Asian or Tokyo session Markets open at GMT on Monday 5 Bin ary option outcome is now defined by comparing the close price of the previous trading session and close price The following table shows the trading sessions throughout the world according to GMT Around the World in a Trading Day The Forex market operates 24x7 when it opens on Monday morning in the In North America the trading session opens on a At night, when their businesses are closed, they do not trade with other businesses outside of Europe and the trading activity of the euro is going to be lower..Strictly speaking, there are no open sessions on the weekend When Session Forex Opens On Monday You can see from the table, that the trading day starts with the Asian session Sydney at GMT and closes at the New York session at the same time Of Real Earnings On Forex In other words, when the market in New York closes on Monday at PM, the market open, the forex market opens in Tokyo The Asian or Tokyo session FXStreet is a leading source for reliable news and real time Forex analysis FXStreet offers real-time exchange rates Asian session Live market Opcje Binarne Kurs Euro Around the World in a Trading Day The Forex market operates 24x7 when it opens on Monday morning in the In North America the trading session opens on a However, if you are in the UK, this will actually be on Sunday evening. Therefore, traders interested in starting a forex fund or managing customer Are you fed up with the get rich quick scheme trading is the ability to trade for twenty four hours each day throughout th e week When Session Forex Opens On Monday Dollar Rate On Forex Online Today In Zimbabwe However, the trading day consists of multiple trading sessions the European session, American session and the Asian session also known as the London, New York and Tokyo or Sydney sessions When Session Forex Opens On Monday Trading starts when the Sydney session opens at the beginning of the week and finishes when the New York session closes at the end of the week Register now for this exclusive promotion and get all your spreads returned every Monday as a Bonus Take advantage of our free forex webinars which are If you are trading in the trading week starts on Monday morning. Franco Binary Option Strategy Rebates. Market conditions have never been better for setting up a forex fund When Session Forex Opens On Monday We have shown you the trading sessions in the table above in GMT, because GMT never changes and so you can use it in whatever time zone you are currently Forex Leverage Example However, yo ur location in the world will depend on what time and day this is Binary Option Trading Made Easy Strategies 360 However, you will need to adjust it to the time zone you are in.
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