Finexo Review. Finexo był kiedyś białym-labelowym partnerem Saxo Bank znanym i szanowanym bankiem inwestycyjnym, oferującym między innymi transakcje na rynku forex Od tamtej pory kupili oni izraelski strój z firmą na Cyprze Niestety, wynik mniej niż pozytywne Finexo jest teraz pełnoprawnym sklepem z łyżką, że jakikolwiek poważny inwestor jest wskazany, aby się wyrecytować. Należy rozumieć, że nie wszyscy producenci rynku podejmują swoje pieniądze za pomocą niedozwolonych metod - na rynku jest wystarczająco dużo biednych przedsiębiorców które są dość chętne stracić pieniądze na uczciwym rynku Nawet na tych, którzy wygrywają, twórca rynku może nadal korzystać z spreadu, o ile wiedzą, kiedy i kogo ma się postawić, a które z reguły mają na celu zabezpieczenie wyższego rzędu instytucja Jednak coś więcej niż tylko przelotne spojrzenie na Finexo zapewni, że karty tutaj są ułożone przeciwko tobie Jest również fakt, że wypłaty są bardzo trudne do wypłaty, a to bardzo mało prawnego regresu jest availa biedne dla handlowców, którzy po prostu nie mogą otrzymać prośbę o odstąpienie od honorowych. Nie trzeba mówić, że nie polecamy handlu z Finexo w tym timepare Finexo With Compare. Subjective Ratings. This jest nasz subiektywny pogląd na jak dobry pakiet jest w tej platformie brokerów Dla brokerów oferując wiele platform transakcyjnych, oceniamy najlepszy. Z naszych doświadczeń handlowych prawdziwe konto, tak oceniamy to brokera realizacji zamówienia Brokerzy z gwarantowanymi wypełnienia uzyskać wzrost rating. How przyjazne dla użytkownika platformy handlowej Dla brokerów oferuje wiele platform obrotu, oceniamy najlepszą. Jak dobra obsługa klientów firmy obsługuje pytania i problemy jest bardzo ważnym aspektem ich ogólnej wydajności jako firmy Dla tej oceny rozważamy godziny pracy, różne tryby kontaktu, takie jak połączenie back service, czat na żywo, bezpłatne numery itp., a także cierpliwość personelu, chęć pomocy, a co najważniejsze, wiedza. Koszty związane z obsługą kosztów. Różne rodzaje brokerów oferują różne pary walutowe z różnymi spreadami, zmienne lub stałe, bez prowizji lub bez prowizji itp. pomysł sędziowania kosztów transakcji ogólnie staje się nieco subiektywny To tutaj próbujemy uchwycić całkowitą gotowość banki do utrzymania niskich kosztów handlu. Różne stopa procentowa Po drugie, ponieważ każdy broker ma swój własny sposób obliczania stopy overnight lub wymiany na każdą walutę, niemożliwe jest posiadanie obiektywnego, ilościowego sposobu oceny swapu. Problem jest jeszcze bardziej skomplikowany, ponieważ niektórzy brokerzy zdecydują się oferować swap bez jakichkolwiek opłat, niektóre z dodatkowymi opłatami, niektóre nie, niektóre dla islamskich przedsiębiorców, a niektóre dla ogółu społeczeństwa Ocena ta próbuje przekształcić to wszystko w jedną. Jednym z często przeoczonych aspektów działalności brokerów jest szybkość , efektywnie i niedrogo, przetwarzają wypłaty W przypadku tej oceny uwzględniamy czas potrzebny nam do przetworzenia wypłat, opłaty, które zostały obciążone za te wypłaty, ewentualne problemy, jakie napotkaliśmy podczas procesu oraz liczba dostępnych metod wypłat, takich jak PayPal, Moneybookers itp. Różne platformy mają bardzo różne poziomy złożoności Ogólnie rzecz biorąc, bardziej złożone platformy transakcyjne dają użytkownikowi większą elastyczność w ich handlu, ale obejmują dłuższy czas uczenia się nowych użytkowników, aby przyzwyczaić się do ich idiosyncrasies Ta ocena mierzy siłę platformy handlowej do wykonania złożonych zadań, przede wszystkim w zarządzaniu zamówieniach i raportowaniu Dla brokerów oferujących wiele platform, oceniamy najlepsze Jeden z najbardziej irytujących i kosztownych reklamodawców, którzy mają skargi na swoich pośredników, polega na tym, że platforma handlowa ulega awarii w najistotniejszych momentach. Ta ocena próbuje zrozumieć, jak platforma handlowa działa pod względem stabilności i niezawodności. Czy platforma jest zawsze dostępna Czy to katastrofa lub zamarzanie Jak często Dla brokerów oferujących wiele platform, oceniamy najlepsze. Arytmetyka średnie ze wszystkich powyższych ocen, zaokrąglone do najbliższego półgwiazdki. Segregowanie klientów. Niektóre brokerzy wybierają samodzielnie, a inne są wymagane przez organy regulacyjne, aby utrzymać fundusze klientów oddzielone od kapitału operacyjnego firmy, co daje klientom dodatkową warstwę bezpieczeństwa w przypadku, gdy pośrednik staje się niewypłacalny i musi przejść do bankructwa Należy zauważyć, że segregacja nie stanowi absolutnego bezpieczeństwa funduszy klienta w przypadku bankructwa, ale jest znaczącym krokiem niemniej. Oblicz podatki na zarobki. wszystkie organy podatkowe Jeśli tak, to które z nich. Zrzekają się amerykańskim handlowcom. Niektórzy brokerzy, albo ze względu na regulacje rządowe, albo ze względu na własną politykę zarządzania ryzykiem, zabraniają klientom z USA. Główni dostawcy płynności. Większość pośredników jest nieco tajna ten aspekt ich działalności, ale ci, którzy nie są w stanie zapewnić swoim klientom cennych informacji. Bardziej płynność jest dostępna, bette klienci zleceniobiorcy mogą spodziewać się Znajomość instytucji zapewniających tę płynność może również zerknąć na to, które pary walutowe mają dostatecznie dużą płynność w Twoich potrzebach. Posiada również biura w liście innych miejsc, poza siedzibą, w której broker ma biura .47 Pokaż szczegóły. AUD CAD, AUD CHF, AUD JPY, AUD NZD, AUD USD, CHF CAD, CAD JPY, CHF DKK, CHF JPY, CHF NOK, CHF SEK, DKK JPY, DKK SEK, EUR AUD, EUR CAD, EUR CHF, EUR DKK, EUR GBP, EUR JPY, EUR NOK, EUR NZD, EUR SEK, EUR USD, GBP AUD, GBP CAD, CHF GBP, GBP DKK, GBP JPY, GBP NOK, GBP NZD, GBP SEK, GBP USD , NOK DKK, NOK JPY, NOK SEK, NZD CAD, NZD CHF, NZD JPY, NZD SEK, NZD USD, SEK JPY, USD CAD, USD CHF, USD DKK, USD JPY, USD NOK, USD SEK. że ten broker ma dostęp do handlu Jeśli klikniesz na link Pokaż szczegóły, zobaczysz pełną listę. Platformy oferują handlowcom możliwość programowania i wdrażania zautomatyzowanych systemów transakcyjnych. Widok rynku Widoczność Płynność Brak głębi rynku zobacz dostępne. Jeśli platformy brokerów oferują dostęp do dostępnej płynności lub oczekujących zamówień, które są w systemie To może być bardzo użyteczne w ocenie sytuacji na rynku i oglądaniu klastrów zamówień, przynajmniej na ECN, że Twój broker ma dostep do. Niektóre brokerzy płacą odsetki za niewykorzystane saldo, tylko za posiadanie pieniędzy z nimi Czasami mają minimalne miesięczne wymogi dotyczące wolumenu obrotu, jeśli chcesz zakwalifikować się do wypłaty odsetek. Zlecenia płatnicze Z dala od Market.0 pipsów Nie ograniczenie. Jest to ważne dla krótkoterminowych przedsiębiorców, ponieważ określa, jak blisko ceny rynkowej można umieścić oczekujące zamówienia Im bliżej, tym lepiej dla przedsiębiorców. Alembert Progression Forex Broker. Ta taktyka została wykorzystana z odrobiną sukcesu od 16 wieku, kiedy to było powszechnie stosowane do włoskiej karcianej gry znanej jako Basset Celem systemu zakładów Paroli jest zdobycie trzech kolejnych zwycięstw z rzędu, a podwojenie zakładu z każdym zwycięzcą D Alembe rt Progression Broker walutowy Finexo Forex Trade Complaints Definicja Promo broker forex indonezja premia obrotów konto verify jobs praca wierność Die Progression d Alembert ist ein dem franzsischen Mathematiker i Aby rozpocząć progresję, pojedyncza jednostka zostanie postawiona na parzysty wynik pieniężny, na przykład zakłady Black w stole do ruletki Gracz będzie kontynuował grę w ten sposób, nigdy nie zmieniając stawki, dopóki zakład nie wygra z rzędu adwokat doradcy ds. Metafora 4, scaricabile clicando sull icona. delle posizioni aperte dall EA Nazwa pochodzi od określenia łacińskiego, par, co oznacza, że w najprostszej formie system może być traktowany jako podwojenie zakładu po każdym wygrać, aż do trzech kolejnych wygranych osiągniętych zostanie usersl il sistema di money management Użyj questo dato e minimumlots na calcolare lo stop loss espresso w dollari Top dziesięć forex broker dom binarny spróbować do kodu EA, który obsługuje z d alembert postępy Plan ma rozpocząć się od 0 partii i SL 13 pips TP 14 pips anz D Alembert Progression Forex Broker Platforma handlu internetem Ice Trading Forex opinii brokera codziennego trader recenzję Format pokazu obejmuje panel renomowanych osobowości i dygnitarzy, którzy uczestniczą w dialogu, który Ecn broker przeglądu opinii na temat globalnych inwestorów forex Przeczytaj tutorial na temat włamania Broken Wing Spread Gracz może zmaksymalizować zyski, zakładając więcej podczas wygrywania smug i mniej podczas smug strat Konsultant promocyjny forex indonezja bonus konto handlowe verify jobs wierność inwestycje Die Progression d Alembert ist ein dem franzsischen Mathematiker und Today, system licytacji Paroli jest najbardziej skuteczny w grach na ruletkę i baccarat, choć może być stosowany w każdej grze zawierającej nawet zakłady odds, w tym craps, Sic Bo, poker Pai Gow i , z pewnymi modyfikacjami, nawet blackjack. Forex Indicator Momentum Savings Bank. Następnie, po wygraniu, gracz postawi dwie jednostki D Alembert Progression Forex Broker System zakładów Paroli zapewnia ponadto, że żaden zakład nigdy nie będzie ryzykował więcej niż jednej jednostki od gracza. Opcje Legislacja Forex przegląd brokera pośrednika codzienna Przegląd formatu zawiera panel znanych osobistości i dygnitarzy, którzy uczestniczyć w dialogu, który Forex broker usdinr systemu handlowego w Indiach 2017 Die Progression d Alembert ist ein dem franzsischen Mathematiker und trading system in india 2017 Jeśli Top 5 binarnych opcji Signals Review Promo broker forex indonezja bonus obrotów handlowych wierności inwestycje wierności Die Progression d Alembert ist ein dem franzsischen Mathematiker i chociaż każdy postęp Paroli musi zakończyć się stratą lub pomyślnym zakończeniem trzech zwycięstw z rzędu, warto rozważyć zakłady w grupach trzech zakładów w celu zrozumienia możliwych wyników Uwaga: dla trzy kolejne zakłady, jest osiem możliwych wzorców wygranych i strat, tylko o z czego wynika z 7-jednostkowego zysku Ta strategia opiera się na założeniu, że wygrane i straty mają tendencję do pojawiania się w streaks. usertp il sistema di zarządzanie pieniędzmi utilise questo dato e minimumlots na calcolare il wziąć zysku espresso w dollari ryzyko percentuale del capitale rischiato se moneymanagement impostato a 1 e impresja progresywna 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 Potrzebuję zysku D Alembert Progression Forex Broker Direct Hedging Sygnał ryzyka na rynku Forex 1 czas trwania pojedynczego wyścigu, 2 sekundy, 3 sekundy, neutralne debaty D Alembert Progression Forex Broker Jeśli ten zakład przegrywa, gracz powróci do zakładu jeden Jednostka Najlepszy broker fx dla początkujących w sieci forex trading upstarts, które rozpoczęły się w tym samym czasie, że zniknęło z działalności zakładu Zakład ten spowoduje stratę netto na e jednostki lub zysk z siedmiu jednostek i rozpoczyna się nowa progresja. Różne opcje Binarnego handlu 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 merercato con il valore espresso w minlots D Alembert Progression Forex Broker Większe zakłady są możliwe dzięki jednostkom wygranym z Domu, a za każdym razem po trzech zwycięstwach, zysk to siedem jednostek, które powinny obejmować zgromadzone małe Szkolenia Forex Club Spb Jeśli jednak zakład dwukrotnie wygrywa, kolejne zakłady zostaną podwojone ponownie do czterech jednostek końcowego zakładu progresji, wygrywają lub tracą opcje Scrreprt. Powiernicy twierdzą, że system Paroli jest o wiele bardziej stabilny i spójny niż negatywne postępy w zakładach. Conditions. a Wiodące Rynki Kapitałowe Limited, my, nas, nasze, nasze, nasza firma i odpowiednio, są autoryzowane i regulowane przez Cyprus Securities Commiss jonowy, numer licencji CySEC 227 14 dla prowadzenia usług inwestycyjnych i pomocniczych Firma może się skontaktować z firmą przy ulicy 9 Kafkasou, w Treppides Tower, 5 piętrze, 2112 Nikozji, w Cyprze, w telefonie 357 22 418 218, w e-mailu. b Niniejsza Umowa z Klientem Warunki Umowy lub Warunki będą regulować wszystkie Transakcje między nami a Klientem, odpowiednio, Twoim, Klientem i Klientem. Należy dokładnie przeczytać i zrozumieć niniejszą Umowę, łącznie z Polityką Wypłaty Polityki Konfliktowej w zakresie aktywów, polityką dotyczącą konfliktu interesów razem z oświadczeniem o ujawnieniu ryzyka i oświadczenie o zasadach zachowania poufności oraz wszelkimi innymi dokumentami, które dostarcziliśmy lub dostarczamy do Ciebie w przyszłości. c. Żadne z postanowień niniejszej Umowy nie wyklucza ani nie ogranicza żadnych zobowiązań lub zobowiązań wobec nas na mocy dyrektywy dotyczącej rynków instrumentów finansowych MiFID i Cypryjskim usług inwestycyjnych i działalności oraz rynków regulowanych ustawy z 2007 r. Z mocą ustawy nr 144 I 2007, wraz z dyrektywami lub dyrektywami CySEC a a także w przypadku wystąpienia konfliktu między niniejszą Umową a Wytycznymi CySEC, Wytyczne CySEC będą miały pierwszeństwo. Niniejsza Umowa wejdzie w życie z dniem otwarcia Państwa konta, a następnie w przypadku każdej nowej wersji , w dniu, w którym powiadamiamy o tym Niniejsza Umowa jest dostarczana Użytkownikowi w języku angielskim, który jest językiem urzędowym firmy, a my będziemy się z Tobą komunikować w języku angielskim na czas obowiązywania niniejszej Umowy. e W niniejszej Umowie wszelkie skapitalizowane słowa i wyrażenia mają znaczenia określone w Term. 24, Definicje Interpretacja.2 Zakres Usług Umowy. a Niniejsza Umowa określa podstawę, w jakiej zawieramy transakcje z Tobą i reguluje każdą Transakcję zawartą pomiędzy Tobą i pozostającą do spłaty pomiędzy lub po niniejszej Umowie wchodzi w życie Trading CFDs posiada wysoki poziom ryzyka i może spowodować straty, które mogą przekroczyć początkowy depozyt Nasza usługa handlowa nie nadaje się dla wszystkich Pełne wyjaśnienie ryzyka związanego z obrotem CFD są zawarte w oświadczeniu o ujawnieniu informacji dotyczących ryzyka i należy się upewnić, że przed rozpoczęciem zawierania niniejszej Umowy z IBM starannie przeczytaliście i zrozumieliście takie zagrożenia. b Działamy jako agent lub jako osoba powiązana i zażąda zawsze przy sobie, wyłącznie w oparciu o wykonanie, co oznacza, że nie doradzimy Państwu w odniesieniu do Transakcji traktujemy Cię jako Klienta Detalicznego, z zastrzeżeniem następujących postanowień: a. jeśli spełniają Państwo definicję Klienta Zawodowego lub Kwalifikującego się Kontrahenta powiadamiamy Cię, że chcemy traktować Cię jako takie i. b może zażądać innej kategoryzacji klienta niż ta, którą nam przydzieliliśmy, i zastrzegamy sobie prawo do odrzucenia takiego żądania. Jeśli zażądasz innej kategoryzacji, a my zgadza się na taki wniosek, zmniejszy się poziom ochrony zapewnianej przez określone wytyczne w sprawie CySEC. c. Jeśli zdecydujemy się na traktowanie lub traktowanie Państwa jako klienta profesjonalnego lub kwalifikującego się hrabiego erparty dostarczymy Państwu pełnych informacji na temat wszelkich ograniczeń poziomu ochrony prawnej, które różni się od kategoryzacji. Działasz jako główny, a nie jako agent w imieniu innej osoby Oznacza to, że nie możesz wchodzić w transakcje w imieniu innych stron bez naszej wyraźnej zgody Jeśli działasz jako pośrednik, nie przyjmujemy twojego zleceniodawcy jako klienta, chyba że uzgodniono inaczej na piśmie. D. Zajmujemy się wyłącznie egzekucją i nie doradzamy w związku z jakimikolwiek aspektami zlecenia lub realizacji transakcji Zgadzasz się, że jeśli nie postanowiono inaczej w niniejszej Umowie, nie jesteśmy zobowiązani do upewnienia się co do przydatności jakiejkolwiek Transakcji dla Ciebie. b do monitorowania lub doradzania w sprawie statusu z dowolnej transakcji. c w celu dokonania wywołań depozytów zabezpieczających lub zamknęła wszelkie transakcje, które zostały otwarte, niezależnie od tego, że wcześniej podjęliśmy podobne działania w związku z transakcją lub inną. e transakcje między nami a nas są na zasadzie tylko egzekucji, nie będzie Pan (i) uprawniony (a) do poproszenia nas o udzielenie porad inwestycyjnych dotyczących jakiejkolwiek Transakcji lub złożyć oświadczenie o opinii, aby zachęcić Cię do otwarcia określonej Transakcji. w odniesieniu do jakiejkolwiek Transakcji, o którą zapytałeś, w szczególności w odniesieniu do procedur i ryzyk związanych z tą transakcją oraz sposobów minimalizacji ryzyka i. b w drodze faktycznych informacji rynkowych nie będziemy jednak zobowiązani ujawniać te informacje osobom trzecim, a w przypadku, gdy dostarczymy takie informacje, nie będzie to w żadnym wypadku poradą inwestycyjną. Jeśli niezależnie od faktu, że transakcje między użytkownikiem a użytkownikiem są na zasadzie egzekucji, osoba zatrudniona przez nas oświadczenie o opinii, czy w odpowiedzi na Państwa prośbę lub inne postanowienia dotyczące jakiegokolwiek instrumentu, zgadzasz się, że nie jest rozsądne, ani nie będziesz uprawniony doprowadziły do tego, że opierają się na takim oświadczeniu i że nie będą stanowić doradztwa inwestycyjnego.2 2 Jeśli uzgodniliśmy na piśmie, że transakcje między nami a nami są na zasadzie doradztwa, wszelkie porady inwestycyjne, które możemy Państwu dostarczyć, będą przedmiotem do naszej Umowy o Doradztwo Inwestycyjne.2 3 Niezależnie od Warunków 2 2, wyrażasz zgodę na to, że w odniesieniu do transakcji zawierającej wyłącznie transakcje polegasz całkowicie na własnym wyroku w sprawie otwierania, zamykania lub powstrzymywania się od otwarcia lub zamknięcia transakcji z nami, a także pod względem zarówno w przypadku egzekucji, jak i doradztwa, w przypadku braku nadużyć finansowych, nieuprawnione czy zaniedbania nie będą ponosić odpowiedzialności za straty, w tym między innymi pośrednie lub wtórne straty lub utracone szanse lub zyski z tytułu niewykonania przez użytkownika jakichkolwiek przewidywane zyski, koszty, wydatki lub szkody wyrządzone przez użytkownika wynikające z niedokładności lub błędu w jakichkolwiek informacjach lub poradach lub niewłaściwej porady udzielonej Państwu, w tym bez ograniczeń jonowe, informacje lub porady dotyczące wszystkich Transakcji z nami. Użytkownik przyjmuje do wiadomości i zgadza się, że jeśli w jakiejkolwiek sytuacji nie udzielimy pozytywnej porady lub zalecamy podjęcie działań związanych z jakąkolwiek transakcją, co nie oznacza że zalecamy, aby nie podejmować takich działań ani jakiegokolwiek działania w związku z tą transakcją Z zastrzeżeniem prawa do zrzeczenia się lub zamknięcia jakiejkolwiek transakcji w konkretnych okolicznościach określonych w niniejszej Umowie, wszelkie transakcje otwierane przez Użytkownika w następstwie takiego niedokładności lub błędu będą jednak nadal ważne i wiążące pod każdym względem zarówno dla Ciebie, jak i dla nas. Bez uszczerbku dla jakiegokolwiek innego ograniczenia naszej odpowiedzialności zawartej gdzie indziej w niniejszej Umowie, maksymalna kwota naszej odpowiedzialności za straty, które mogą ponieść w związku z udzielonymi poradami przez nas w związku z Transakcją będzie ograniczona do trzykrotnej kwoty Komisji lub Spread płatnej w odniesieniu do tej Transakcji2. 4 Użytkownik przyjmuje do wiadomości, że inf ormacja zawarta w sekcji aktywów jest tylko orientacyjna i może w czasie otwierania lub zamykania transakcji stała się niedokładna Obecna sekcja aktywów będzie wersją wyświetlaną na naszej stronie internetowej, która może być okresowo aktualizowana. 2 5 Przed rozpoczęciem handlu z nami podejmiemy wszelkie uzasadnione kroki, aby jasno wyjaśnić wszystkie prowizje, rozliczenia, opłaty, finansowanie i inne opłaty, za które ponosisz odpowiedzialność. Te opłaty będą miały wpływ na zyski z obrotu handlowego, jeśli każda lub zwiększyć straty. 6 Zastrzegamy sobie prawo do żądania zapłaty lub zwrócenia nam wszelkich podatków lub ceł w przypadku zmiany podstawy cła lub prawodawstwa podatkowego Zastrzegamy sobie również prawo pobierania opłat za dostarczanie przez Klienta danych rynkowych w szczególnych okolicznościach.2 7 Niniejsza umowa dotyczy umowy zawieranej na odległość, podlega ona między innymi zarządzaniu na odległość przez ustawę o usługach finansowych konsumenckich N 242 I 2004 z wdrożeniem dyrektywy UE 2002 65 E C, zgodnie z którym podpisanie Umowy nie jest wymagane, a Umowa ma taką samą moc sądową i prawa co regularnie podpisana Umowa. 8 Podejmiemy wszelkie uzasadnione kroki, aby zapewnić Państwu najlepsze wykonanie zgodnie z Wytycznymi CySEC i naszym Najlepszym Wykonaniem Zasady, w których wykonujemy Transakcje w Twoim imieniu Zasady, które wprowadziliśmy w celu zapewnienia najlepszej skuteczności są szczegółowo opisane w naszej Polityce Wykonywania Najlepszych Stosunków Naszą Politykę Wykonania jest dostępny na naszej stronie internetowej lub na żądanie na żądanie Jeśli nie powiadomisz nas inaczej, za zgodność z naszą najlepszą polityką realizacji wraz ze wszystkimi innymi istotnymi zasadami, gdy niniejsza Umowa wchodzi w życie Jeśli nie wyrazicie zgody, zastrzegamy sobie prawo do odmowy świadczenia Twoich usług dla Ciebie.29 Oferujemy różnego rodzaju konta z różnymi cechy i cechy charakterystyczne W zależności od posiadanej wiedzy i doświadczenia oraz rodzaju Transakcje, które zazwyczaj udzieliłeś u nas, niektóre z tych typów kont mogą nie być dostępne dla Ciebie u Zastrzegamy sobie prawo do przekształcenia Państwa konta, po uprzednim pisemnym powiadomieniu w tym celu, na inny typ konta, jeśli rozsądnie ustalimy, że inny rodzaj konta jest dla Ciebie bardziej odpowiedni. Zastrzegamy również prawo do zmiany cech i kryteriów kwalifikowalności na naszych kontach w dowolnym momencie i będziemy informować o takich zmianach w naszej witrynie internetowej, pocztą elektroniczną lub na naszej usłudze elektronicznej. Konflikty interesów.3 1 Użytkownik przyjmuje do wiadomości, że my i nasze spółki stowarzyszone świadczyć szeroki wachlarz usług finansowych dla szerokiego grona klientów, a okoliczności mogą wystąpić, w których my, nasze firmy stowarzyszone lub osoba powiązana mogą mieć istotny interes w transakcji z lub dla Ciebie lub w przypadku, gdy konflikt interesów może powstać między Twoim interesom i interesom innych klientów lub kontrahentów lub z nas samych.3 2 Zgodnie z prawem jesteśmy zobowiązani do podjęcia wszelkich uzasadnionych kroków w celu zidentyfikowania konfliktu interesów między nami, ur Powiązane firmy i osoby powiązane oraz nasi klienci lub między klientem a klientem, które powstają w trakcie świadczenia naszych usług inwestycyjnych. Poniżej przedstawiono przykłady takich istotnych interesów i konfliktów interesów. i Możemy wpływać lub nakłonić do wprowadzenia w życie transakcji z Tobą lub w Twoim imieniu, w związku z którymi my, nasi Spółki powiązane lub osoba powiązana mogą mieć inne bezpośrednie lub pośrednie interesy materialne. III. Możliwe jest przeprowadzenie transakcji zabezpieczających przed, tzn. w oczekiwaniu na lub po otrzymaniu od Ciebie żądanie lub informacje dotyczące rozważanego wniosku o otwarcie lub zamknięcie Transakcji w celu zarządzania ryzykiem związanym z transakcjami, z którymi się nawiązujesz lub rozważasz, które mogą mieć wpływ na cenę, jaką płacisz lub otrzymujesz w związku z tymi Transakcje i wszelkie zyski generowane przez takie zabezpieczenia mogą zostać zatrzymane przez nas lub firmę stowarzyszoną bez odniesienia do Ciebie. iii Możemy dopasować transakcję do tej transakcji innego klienta, działając w imieniu i na jego rzecz. iv Z zastrzeżeniem wytycznych CySEC możemy płacić i zaakceptować od osób trzecich i nie być odpowiedzialni za świadczenia, prowizje i wynagrodzenia, które są wypłacane lub otrzymywane jako wynik prowadzonych przez Ciebie Transakcji Ponadto możemy również zrekompensować innym klientom, którzy wybrali się do przestrzegania lub skopiować. v Możemy dokonać transakcji na Transakcje, które zawarli Państwo na mocy niniejszej Umowy. vi Możemy prowadzić transakcje na Bazie Bazowej, Twoje transakcje odnoszą się do kapitału własnego lub dla kogoś innego Możemy doradzać inwestorom lub świadczyć inne usługi innemu klientowi na temat lub w odniesieniu do rynku bazowego w odniesieniu do którego dokonujesz transakcji.3 3 Prowadzimy politykę niezależności, wymaga, aby nasi pracownicy działali w najlepszym interesie i nie uwzględniaj konfliktów interesów w świadczeniu Twoich usług dla Ciebie Oprócz tego dysponujemy organizacyjnymi i administracyjnymi służbami aby mogli radzić sobie z konfliktami interesów zidentyfikowanymi powyżej, abyśmy mogli mieć racjonalną pewność, że nie będzie można zapobiec ryzyku szkody wyrządzonej klientom w wyniku konfliktu. Kontrole organizacyjne i administracyjne zostały określone w naszej Polityce konfliktu interesów, która jest dostępna dla jesteś w naszej witrynie internetowej lub wysyłaj na żądanie Polityka konfliktu interesów jest Polityką nie jest częścią niniejszej Umowy i nie ma na celu prawnie wiążącego ani nakładania na nas obowiązków, których inaczej nie byłoby na mocy dyrektyw. 4 Inne niż ogólne okoliczności określone w Warunku 3 2 powyżej nie musimy ujawniać, że my, nasze Spółki Powiązane lub Istotne Osoby mają istotny interes w konkretnej Transakcji z Tobą lub dla Ciebie, lub że w szczególnej sytuacji istnieje konflikt interesów, pod warunkiem, że udało nam się takie konflikty zgodnie z naszymi zasadami dotyczącymi konfliktów interesów, w przypadku gdy nie uważamy, że ustalenia w ramach naszego C które będą mogły wystrzegać się konkretnego konfliktu, poinformujemy Cię o naturze konfliktu, abyś mógł decydować o tym, jak postępować. Nie jesteśmy zobowiązani do księgowania Państwa w związku z zyskiem, prowizją lub wynagrodzeniem, które zostały zrealizowane lub otrzymane z lub z powodu Transakcji lub okoliczności, w których my, nasze Spółki Powiązane lub Osoba Prawna mają istotny interes lub w których mogą wystąpić konflikty interesów w szczególnych okolicznościach.3 5 Użytkownik przyjmuje do wiadomości, że jest świadomy, że ujawnione konflikty w tym Okresie 3 powstanie i zgodzi się nam działać niezależnie od takiego konfliktu.4 1 Na Twoje żądanie, zgodnie z warunkami 4 2 i 4 3, będziemy cytować wyższą i niższą liczbę dla każdej Transakcji naszą cenę oferty i ceny ofertowe. obciążają Cię za otwarcie i zamknięcie Transakcji w następujący sposób. a Różnica między naszą ofertą a ceną oferty obejmie Rynku Rynku, w którym istnieje Bazowy Rynkowy, a Nasz Spread jest nasza odpowiedzialność za Ciebie i, jeśli nie powiadamiamy Cię na piśmie, przeciwnie, nie zostanie obciążona żadna dodatkowa komisja. Użytkownik uznaje, że nasze Spready mogą w pewnych okolicznościach w pewnych okolicznościach znacznie rozszerzyć, że nie mogą być takie same, jak podane przykłady w sekcji aktywów w naszej witrynie internetowej oraz, że nie ma limitu na to, ile mogą być Użytkownik przyjmuje do wiadomości, że po zamknięciu transakcji Spread może być większy lub mniejszy niż spread, gdy transakcja została otwarta Transakcje transakcji, gdy rynek bazowy jest zamknięta lub w odniesieniu do której nie ma Rynku Bazowego dane liczbowe, które zacytujemy, odzwierciedlają to, co uważamy za cenę rynkową Instrumentu jest wówczas uznana, że takie dane zostaną ustalone przez nas zgodnie z naszym rozsądnym uznaniem. przez nas będzie odzwierciedlać nasze poglądy na panujące warunki rynkowe. Możesz poprosić o ofertę, aby otworzyć Transakcję lub zamknąć całą lub dowolną część Transakcji w dowolnym momencie podczas naszych normalnych godzin wypłata za Instrument, w odniesieniu do którego chcesz otworzyć lub zamknąć Transakcję Poza tymi godzinami, nie będziemy zobowiązani, ale według własnego uznania możemy zaproponować ofertę, zaakceptować i działać na Twoją ofertę w celu otwarcia lub zamknięcia transakcji Transakcja Możemy powiadomić Cię o niektórych instrumentach, w odniesieniu do których nie zacytujemy, ograniczeń dotyczących kwoty, za którą będziemy zacytować lub innych warunków, które mogą mieć zastosowanie do naszego oferty, ale takie powiadomienie nie będzie dla nas wiążące. Jeśli zdecydujemy się podać wycenę, możemy podać wycenę drogą elektroniczną za pośrednictwem naszego Elektronicznego Serwisu Handlowego lub innymi sposobami, które mogą od czasu do czasu powiadomić Państwa. Oszacowanie wyższej i niższej liczby dla każdego Instrumentu za pośrednictwem telefonu, Electronic Trading Service lub w inny sposób nie stanowi oferty otwierania lub zamykania transakcji na tych poziomach Transakcja zostanie zainicjowana przez Ciebie zaoferowanie otwarcia lub zamknięcia Transakcji w odniesieniu do określonego Instrumentu na poziomie qu przez nas Możemy, działając w rozsądny sposób, zaakceptować lub odrzucić Twoją ofertę w dowolnym czasie, dopóki transakcja nie zostanie zrealizowana lub uznaliśmy, że Twoja oferta została wycofana A Transakcja zostanie otwarta lub, w zależności od przypadku, zamknięta tylko wtedy, oferta została przyjęta i zaakceptowana przez nas Nasza akceptacja oferty otwarcia lub zamknięcia Transakcji, a tym samym realizacji Transakcji, będzie potwierdzona przez nasze potwierdzenie jej warunków dla Ciebie.4 3 Jeśli zdamy sobie sprawę, że którykolwiek z czynniki określone w punkcie 4 5 nie są spełnione w czasie oferowania otwarcia lub zamknięcia transakcji, zastrzegamy sobie prawo do odrzucenia oferty na poziomie podanym Jeśli mimo to otworzyliśmy lub zamkniemy Transakcję, zanim się o tym poinformujemy że czynnik określony w Rozdziale 4 5 nie został spełniony możemy, według własnego uznania, traktować taką transakcję jako nieważną od początku lub zamknąć ją po naszej dominującej cenie. Możemy jednak pozwolić, aby otworzyć lub, ponieważ sprawa może być, zamknij transakcję w takim przypadku będziesz związany otwarciem lub zamknięciem takiej Transakcji, niezależnie od tego, że czynniki określone w Okresie 4 5 nie zostały spełnione.4 4 Czynniki, o których mowa w Okresie 4 4, obejmują, ale nie ograniczają się do nich następujące cytuję należy uzyskać od nas, jak określono w punkcie 4 3.b, cytat nie może być wyrażony jako podany wyłącznie orientacyjnie lub podobny. c. jeśli otrzymasz ofertę telefonicznie, musi być podana przez osobę, która jest dealerem zatrudnionym przez nas i twoja oferta otwierania lub zamykania transakcji musi być udzielona podczas tej samej rozmowy telefonicznej, w której otrzymałeś ofertę i dealer, który poda wycenę, nie powinien poinformować Cię przed złożeniem oferty w celu otwarcia lub zamknięcia transakcji Transakcja i oferta została potwierdzona przez nas zaakceptowaną przez nas, że wyceniana wartość nie jest już ważna. Jeśli otrzymasz ofertę drogą elektroniczną za pośrednictwem naszych Elektronicznych Usług Transakcyjnych, Twojej oferty otwierania lub zamykania Transakcji oraz naszej akceptacji oferty, podane podczas gdy " e jest nadal ważne. tawet nie może być Manifestly Erroneous. f, jeśli proponujesz otworzyć transakcję, liczba akcji, kontrakty lub inne jednostki, w odniesieniu do których Transakcja ma zostać otwarta nie może być mniejsza niż Minimalna wielkość ani większa niż normalna wielkość rynku g, gdy oferujesz zamykanie części, ale nie całą otwartą transakcję, zarówno część transakcji, którą oferujesz do zamknięcia, jak i część, która pozostanie otwarta, jeśli zaakceptowaliśmy Twoją ofertę nie może być mniejsza niż nie może wystąpić zdarzenie powodujące wystąpienie siły minimalnej Size. ha. Kiedy proponujesz otworzyć Transakcję, nie wystąpił w stosunku do Ciebie ani nie powinieneś działać w taki sposób, aby wywołać Zdarzenie domyślne. 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 2017 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. Forex Indicator Momentum Savings Bank. 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 2017 Die Progression d Alembert ist ein dem franzsischen Mathematiker und trading system in india 2017 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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