Legality of use You acknowledge and fully understand that your
ability to access the Company's service does not automatically mean that it is legal to use
it.
To use the service, you must be of legal age (at least 18 years of age). If you
reach the age of majority in your country or territory of residence at the age of over
eighteen (18) years, you can use the service only after reaching the corresponding age of
majority. By accepting this Agreement, you confirm and guarantee that you have reached the
age of majority in accordance with the above. The company provides the right to require
documentary proof of your age. Your account may be suspended until adequate confirmation of
your age is received, if such confirmation is requested by the Company.
The use of the
Company's service also cannot be carried out in countries and territories where this type of
financial transactions is not permitted. The use of the service is not allowed if you are a
resident or citizen of the United States of America. By accepting this Agreement, you
confirm and guarantee that you are a resident of a country or territory where the use of the
service is not prohibited, and you confirm and warrant that you are not located in the
United States, are not a resident or citizen of the United States of America. For more
information, see the Risk Disclosure section.
Provision of services.
Termination of use of the service The Company grants you a
non-exclusive, non-transferable and limited right to access and use the service (without
public demonstration of use), including all available materials of the service (hereinafter
the Materials) on your computer in accordance with this Agreement (hereinafter the
"Provision").
The provision of the right to use the Service by the Company may be
terminated (temporarily or permanently, in whole or in part) at the discretion of the
Company, with or without prior notice. After the termination of the grant of the right to
use, the Company has the right to:
- delete or deactivate your account,
- block your email address and / or IP address, or otherwise stop using the Service
- take other action to prevent your use of the Service.
After the termination of the right to use the Service, all other provisions of the
agreement between you and the Company and this Agreement remain in force. The granting of
the right to use the Company's service is also automatically terminated in the event of the
following circumstances:
- violation of the contract by you;
- loss of force of your representations and guarantees under this Agreement;
- declaring you bankrupt and appointing a property representative or manager of all
or most of your property and assets;
- Your death or disability;
- liquidation of your company (if you represented the interests of a legal entity);
- Your refusal to provide or confirm the information requested by the Company in
accordance with this Agreement.
Accounts. Service. Transactions To use the Company's
service, you must open an account with the service (hereinafter "Account"). With this
Agreement, you confirm and guarantee that all information that you provide when opening an
account is complete and accurate. You agree to update this information in a timely manner in
terms of its change or at the appropriate request of the Company. By opening an account on
behalf of a company or other person, by this Agreement, you confirm and guarantee that you
have the authority and ability to act as a party to this Agreement and the obligations
undertaken by you are binding circumstances for the company or the person on whose behalf
you are acting. You are not allowed to use the account of another person or entity without
permission. You are the responsible one for maintaining the confidentiality of your account,
the limited access to it by third parties and all actions performed with your account. It is
your responsibility to immediately notify us in the event of a security breach or
unauthorized use of your account. You acknowledge that we are not liable for any damage that
results from unauthorized use of your account or access to it by third parties. You release
the Company from liability for damages and hold harmless the Company from possible claims in
connection with such unauthorized use. You can only open one account and you cannot share
your account with any other natural or legal person. To open additional trading accounts,
you should contact your account manager. If the Company has strong reason to believe that
the account was created for the purpose of fraud and / or several accounts were created
without the consent of the account manager, the Company reserves the right to cancel any
transaction associated with such accounts. You grant the Company the right, directly or
through third parties, at any time to make requests for information that the Company
considers necessary to confirm your identity and the information you provide. Such requests
may include a requirement for additional personal information that will enable the Company
to identify you. You may be required to take steps to verify that you are the owner of a
given email address or financial instruments. The company provides the right to verify your
data with third-party databases or with other sources, to require you to present your
passport or other document proving your identity. We offer Islamic Forex accounts, also
known as swap-free foreign exchange accounts, as this type of account does not charge or
post exchanges and interest for moving a position to another day. Such accounts are in line
with Islamic religious principles. According to the provisions of Islam, any business
transaction in which one of the parties has to pay or receive a certain percentage of the
other party is prohibited. Swap-free accounts should be used exclusively by Muslims for
religious reasons. We reserve the right to ask for adequate justification and / or
confirmation of the need to use such an account. Moreover, we provides the right to refuse
to process such a request at our discretion without explanation or justification. By this
agreement, you acknowledge that the use of swap-free trading accounts for the purpose of
generating profit from swaps is not permissible. We reserve the right to revoke the
swap-free status assigned to any trading account at any time in our sole discretion without
the need for explanation or justification. In case of of any form of violation, fraud,
manipulation, interest arbitrage, "cashback" or other forms of dishonest or fraudulent
activity in relation to swap-free accounts, we reserve the right at any time to do the
following:
- immediately remove the "swap-free" status from any trading account of such a
client;
- rectify and recover any uncharged swaps and any uncharged interest and / or
expenses related to any such client's "swap-free" account during the period in which
these accounts were converted to "swap-free" status;
- Close all customer trading accounts immediately, cancel all customer transactions
in these accounts with Us and cancel any profits received by such customer in our US
trading account.
We may change, modify and amend part or all of the above swap-free account policy at
our discretion without the need to provide any explanation or justification. The Company's
service provides you with the ability, among other things, to carry out transactions in
certain assets, including currencies, financial instruments, which are defined as contracts
for difference and other securities. You acknowledge and fully understand that using our
service you participate in any activity, inaction, purchase, sale, auction or any other
transaction (collectively hereinafter referred to as "transactions") on the market as a
person acting on our own behalf, and we do not act in as your agent in the performance of
any financial and commercial transactions. You acknowledge that you are directly and fully
responsible for the fulfillment of all your obligations in relation to your transactions in
the market made using the Company's service. After completing all procedures for ensuring
security and identification related to the use of the Company's service, the Company
provides you with access to the service in the event that there are no other agreements or
your instructions. All references to our trading hours are in Greenwich Mean Time (Greenwich
Mean Time) in a 24 hour format. The Company's service is available to work all the time from
22:00 GMT on Sunday until 22:00 GMT on Friday (in winter), or from 23:00 GMT on Sunday until
23:00 GMT on Friday (in summer) every week, except on public holidays when financial markets
are closed and in cases where markets are closed due to lack of liquidity in financial
instruments. Please visit our website for more detailed information regarding opening hours
for each financial instrument. The Company reserves the right to suspend or change the
opening hours at our discretion, in such a case, the appropriate changes will be reflected
on the Company's website in order to bring this information to you. Customers are given the
opportunity to trade by phone during trading hours You acknowledge that the Company may
close CFD transactions at the last available market price on the last day the contract
expires. The closing time is indicated on the company's website.
The company
offers clients different types of deivery, depending on the types of accounts.
- The company offers a fixed spread on the web platform. Fixed offering does not
change over time or market conditions.
- The company offers floating spreads on the UTIP trading platform. Floating spreads
in the Forex and CFD's markets mean an ever-changing amount between Ask and Bid,
depending on market volatility and available liquidity.
You accept that the minimum time frame for completing a transaction on the web platform
is 3 minutes. We provide the right to cancel a transaction in cases where the time between
opening a transaction and closing it is less than three minutes. There is no minimum
timeline for open positions through the MT4 terminal. The maximum period for holding an open
position on the web platform is 21 days. We provide the right to close your transactions
with positions that remain open for more than 21 days. If an order is opened under a
contract with a specific expiration date, the order will be closed either after 21 days or
on the day specified by the contract as the expiration date (whichever occurs first).
Stop-out level is the level at which open positions will be closed automatically in order to
prevent further losses and transfer the account to a negative balance mode. When using the
UTIP terminal, the "stop-out" level is calculated as follows: funds / collateral for open
transactions x 100%. The default stop-out level in the UTIP terminal is 20% for minimal and
standard accounts and 1% for gold and platinum accounts. On the web platform, the "stop-out"
level is calculated as follows: real funds on your account at a given time, taking into
account open (floating) unprofitable and / or profitable positions / financial result on a
trading account, excluding open trading positions x 100%. On the web platform, the default
stop-out level is 0%. The company reserves the right to change the stop-out level at its
discretion without notice with immediate effect, depending on market conditions (to limit
possible risks). The critical minimum and maximum lot sizes depend on the type of account,
as indicated on the company's website. We reserve the right to change the critical maximum
and minimum lot sizes at our sole discretion. YOU KNOW AND ACCEPT THE FACT THAT YOU COULD
LOSE MONEY AS A RESULT OF USING OUR SERVICES (INCLUDING SITUATIONS THAT ARISE FROM
TRANSACTIONS) AND THAT YOU MAKE FEEL SECURE. Your use of the Company's service is strictly
limited by the terms of this agreement (including the documents referenced in the text of
the agreement) and technical restrictions associated with the Company's service. The company
conducts your transactions as an "execution only" service. We carry out your transactions
even if the transactions are not profitable for you. You acknowledge and accept that you
take full responsibility for your transactions. You acknowledge and fully accept that we are
not responsible for any monitoring of your transactions. In case ofthat at some point we
decide at our sole discretion to monitor your transactions for any reason, by this action we
do not take responsibility for your transactions and have no obligation to you to advise you
in relation to your transactions. Without limiting the general meaning of the foregoing, we
are under no obligation to make deposits or close any of your open positions. Clients are
given the opportunity to carry out trading operations by phone during trading hours. To
perform trading operations by phone, Company employees can provide technical assistance to
Clients in opening / closing / changing parameters (take profit, stop loss) of transactions
on behalf of Clients by phone. If the Clients do not agree with the use of this service of
the Company, they can notify the Company about it or not use this service. In order to open
/ close / change a deal or request placing an order, the Client must contact the Client
Support Department (his manager). The client also has the right to contact the Company for
regular technical assistance in opening / closing / changing transactions using the phone.
In this case, the manager of the Company carries out regular telephone communication with
the Client in order to assist the Client in performing trading operations.
When
opening deals using the phone, you must:
1. Identify yourself by entering your last
name, first name, patronymic and account login.
2. If necessary, answer a possible
security question (date of birth, other personal data provided by the Client to the
Company).
3. Confirmation of open agreement terms (type of option, position size,
direction, option expiration) (sell-buy), profit making, stop loss (if
necessary).
When closing transactions by phone, the Client must:
1. Identify
yourself by entering your last name, first name and account login.
2. If necessary,
answer a possible security question (date of birth, other personal data provided by the
Client to the Company).
3. Specify the exact deal to be closed.
When
changing a deal by phone, the Client must:
1. Identify yourself by entering your last
name, first name, patronymic and account login.
2. If necessary, answer a possible
security question (date of birth, other personal data provided by the Client to the
Company).
3. Specify exactly the agreement, the parameters of which should be changed,
as well as indicate exactly what changes need to be made
For quality assurance
purposes, telephone conversations may be recorded. You agree that all conversations between
you and company personnel will be recorded without prior notice. You acknowledge that these
recordings and the results of their transcriptions may be used as evidence In case of any
disputes.
The Client accepts these terms and conditions and undertakes not to
make claims for such changes in the case of using the method of opening / closing /
modifying transactions.
The Client accepts these terms and conditions and
undertakes not to have claims for such fluctuations in the case of using the remote method
of opening / closing / modifying transactions. Confirmation of the fulfillment of the
Client's instructions when opening / closing / changing transactions for the Company will be
consent to this method of opening / closing / changing transactions, expressed by accepting
the terms of this Agreement, as well as recording a telephone conversation with the Client.
The use of the method of performing trading operations described in this section does not
lead to the conclusion by the Company and the Client of any separate agreement, including a
trust management agreement, etc. All trading operations performed using technical assistance
from the Company are performed by the Client and at the discretion of the Client. The
company, as in all other cases, is not responsible for the results of these transactions.
The calculation of price, profit or losses associated with transactions at the time a
transaction is opened and closed is based on our rough estimate of current market prices and
expected interest rate levels, forecast volatility and other market conditions. during the
transaction period. These indicators are based on complex arithmetic calculations and are
determined by us at our sole discretion. These calculations include an allocation in our
favor, which means that the matrix used may differ significantly from the prices in the
primary market where such transactions take place. The company does not provide physical
delivery of currency (or other securities) for transactions. Any gains or losses that you
receive as a result of transactions you make are held in your account or withdrawn from your
account after you have completed the transaction. You acknowledge and accept the fact that
in case that a transaction is completed at prices that do not reflect the actual state of
the market, for whatever reason (including an untracked software error, a sudden malfunction
or any other reason that may result in incorrect pricing), the Company provides the right to
cancel such transactions.
Restrictions on the use of services and
transactions You, your transactions and your usage of the Company's
services must comply with the following conditions, requirements and restrictions: You have
no right to deceive, commit fraud or mislead the Company in any way. You may not use the
Company's service in any way that is not expressly permitted and is not intended to be used
by you. You have no right to disable, bypass or otherwise interfere with the components
related to the security of the Company's service, or those that cause restrictions in the
service. You agree not to use the Company's service for any illegal activity. You do not
have the right to make a deposit or in any way transfer to the service and / or your account
any funds that were obtained as a result of illegal activities. You may not use any virus
software, computer code, file or program developed for the purpose of temporarily
suspending, destroying, restricting or monitoring the operation of any computer software,
equipment and telecommunication systems in connection with your use of the Company's
service. You do not have the right to use the Company's service in any way that may entail
bringing the Company to criminal or civil liability in any country and in any territory. You
may not take any action that causes or may cause, in our opinion, an unreasonable or
disproportionately large load on our technology infrastructure and thus place excessive
demands on it. You do not have the right to conduct any financial relationship with your
account manager, broker, representatives of the technical department of the client
department and other employees of the company. In the case of such transfer transactions,
they will be considered fraudulent and will be immediately referred to financial regulators
for review. You may not resell or provide access to the Company's service to third parties,
copy the materials available on the Company's service, for resale or for other purposes
other than your personal use of the Company's service. You are not allowed to use the
Company's service for a purpose that may involve insults, bullying, invasion of privacy,
harassment, defamation, threats, or other actions that are illegal, criminal, unethical,
hateful, and offensive.
You have no right to provide incorrect information and / or
incorrect data in connection with the use of the Company's service. You undertake the
obligation to keep all information about you provided by you to the Company up to date. You
may not bully the Company, its employees, contractors and other agents in any way. You
acknowledge and accept the fact that we can use both manual and automated means to check how
you meet the requirements set out in the "Restrictions of Use". We provide the exclusive
right, in our sole discretion, to determine if you comply with the Restrictions of Use. In
case of that we learn about possible violations of the "Restrictions of Use" or other
violations of this Agreement, the Company has the right to initiate an investigation of the
possible violation, which may include collecting information about you, about persons who
have claims against you, and other materials and information, which the Company deems
necessary to obtain full information. You agree to comply with our reasonable requests that
may arise during the investigation of any violation. No employee and / or former employee
who is currently or has previously worked full or part time for us or in any of our
affiliated businesses may, during an employment relationship as an employee or former
employee, with us or with any businesses associated with us, become a customer of any of our
brands (directly or indirectly, alone or with partners, affiliates or any other third
parties) without our written consent. In the event that we have reason to believe that our
employee and / or former employee is trading with one of the company's brands without our
prior written consent, personally and / or through third parties, we consider such trading
to be a violation. In such circumstances, the employee and / or former employee account or
accounts and all open positions are immediately closed and any funds in the account are
debited. We provide the right to take appropriate action against you in the event of any
violation of the "Restrictions of Use" or in the event of other unauthorized use of the
Service, including criminal, civil and administrative liability. Any use of our computer
systems without express permission under this Agreement is in violation of the Agreement and
applicable national and international laws. We reserve the right to cancel and / or close a
transaction that we define as one that we believe was conducted in violation of the
Agreement (including "Restrictions on Use"). Without limiting the general meaning of the
foregoing, in the case that we believe that you repeatedly conduct transactions in violation
of this Agreement (including "Restrictions of Use"), we may cancel and / or close all of
your transactions.
Service materials Using the
Company's service, you get a wide range of information, data and materials from a number of
sources (hereinafter referred to as "Materials"). Materials may include market information
(hereinafter "market information"), quotes, news, analyst opinions, research data, charts
and other information, data and materials that we receive from third parties (hereinafter
"third party materials "). The company is not responsible for the materials of third
parties. All materials are provided to you solely for your information, the Company does not
guarantee the accuracy, timeliness, completeness and originality of any materials. The
Company is not responsible for any obligations that you may face as a result of using these
materials outside the Company's service. The company is not responsible for the trading
decisions made by you as a result of studying these materials. Market information is not
intended to be used as investment advice. The company warns that we only provide you with
information for familiarization and ease of use of the service. We may link to third party
websites that are completely independent of us. We are not responsible for the accuracy of
the content of these independent sources. We reiterate that all materials (including market
information and third party materials) are provided to you "as are" and solely for use
within the service. you understand and accept the fact that the materials may not fully
correspond to the real situation out of the system. For example, the specified exchange
rates for currency pairs on the service may remain behind the real one for this currency
pair. Market information can quickly become unreliable for a variety of reasons, including,
for example, changes in market conditions or economic circumstances. We do not undertake any
obligation to update the materials (including market information) and may stop providing any
or all of the materials at any time without notice. You may not copy, reproduce, distribute,
transmit, broadcast, publicly post, sell, license or otherwise use the materials for any
purpose. All materials, including third-party materials and texts, graphics, photographs,
music, videos, software, scripts, trademarks, service marks and logos, are copyrighted,
protected by trademark law and property rights under the laws of relevant countries and
territories. Unless explicitly permitted to do so, you agree not to copy, modify, publish,
transmit, distribute, participate in the transfer or sale, create derivative works, or use
in any other way all or part of the materials. By using our services, you agree to accept
all terms that the company edits or updates in this agreement by posting the appropriate
edits on the site, and by continuing to trade on the platform, you accept these terms and
agree to future changes. Every time changes are made to tin the terms of the Agreement on
this site, the company posts them on the site. All amendments will take effect ten days from
the date they were first posted on the site or the first time you use our website after the
amendment is made (whichever comes first). If you do not agree with the specified
obligations related to changes in the terms of the Agreement, please do not use the Service
and do not access the Service, and notify us immediately in writing.