Account Opening The Client may apply for an account through the Company’s website and the Company will accept such an application creating the “Investment Account”, under the following terms: (i) the Company has received confirmation that the Client has agreed to enter into this Agreement (such confirmation can be made by clicking “Start Now” button or link on the Company’s website (the “Website”), followed by a completed application form (if applicable) and all other Client information, the provision of which may be required by the Company. The Client confirms that Client’s information is full, accurate and complete. If there is a change in the information provided by the Client, the Client must notify the Company immediately.
Activation of the Investment Account –The Account will be activated by the Company as soon as the Company has identified the funds credited by the Client to the Investment Account. The Company may activate the Investment Account and permit trading in the Investment Account subject to such limitations, and to the satisfaction of such further requirements as the Company may impose. Where a Investment Account is not activated or is frozen, no funds held by the Company in respect of that Investment Account may be transferred back or to any other person until the Company is satisfied that all Applicable Regulations have been complied with.
Arbitrage/cancellation of orders and transactions – The Company does not allow actions or non-actions by the Client or any person authorized on the Client’s behalf based on arbitrary calculations or other methods that are based on exploitation of different systems or platforms malfunction, delay, error etc. The Company is entitled, by its own discretion, to cancel any transaction that has been executed due or in connection with an error, system malfunction, breach of the Agreement by Client etc. The Company’s records will serve as decisive evidence to the correct quotes of the world capital markets and the incorrect quotes given to the Client; The Company is entitled to correct or cancel any trade based on or according to.
Withdrawals – In the case of the Client giving an instruction to withdraw funds from their Investment Account, the Company shall pay the specified amount (css any transfer charges, if applicable) once an instruction has been accepted and if at the moment of payment, the Client’s margin requirements have been met. The withdrawal procedure takes 7 business days once Client’s documentation has been submitted and approved. The Company may cancel the Client’s withdrawal order, if, as per the Company’s discretion, the remaining funds (after withdrawal) are not sufficient to secure open Position(s) in the Investment Account.
Affiliation- the Company may share commission and charges with its associates, introducing brokers or other third parties (“Affiliates”), or receive remuneration from them in respect of contracts entered into by the Company. Such Affiliates of the Company may be disclosed with Client information.
Amendments – The Company has the right to amend this Agreement without obtaining any prior consent from the Client. If the Company makes any material change to the Agreement, the Company will give at least 10 (Ten) Business Days notice of such change to the Client. Any such amendment will become effective on the date specified in the notice. Unless otherwise agreed, an amendment will not affect any outstanding order or Transaction or any legal rights or obligations which may have already arisen.
Governing Law –These Terms and any relationship between the Company and the Client shall be governed by law applicable in Marshall Islands and subject to the exclusive jurisdiction of Marshall Islands courts. The Company shall have the right, in order to collect funds owed to the Company by Client or to protect the Company’s rights such as good-name, intellectual property, privacy etc. to immediately bring legal proceedings against the Client, in the Client’s residency and according to the Client’s residency applicable law.
No Right to Assign-No rights under this Agreement shall be assignable nor any duties assumed by another party except to/by an affiliate of The Company. Upon assignment to an Affiliate of the Company, the terms of this Agreement may be amended to fit any applicable regulation effective upon the assignee, and the Client hereby consents in advance to such regulatory modifications to this Agreement. This Agreement shall be binding and inure to the benefit to any successors heirs of the Client.