Common use of Application and Commencement Clause in Contracts

Application and Commencement. 3.1. After the Client fills in and submits the Account Opening Application Form, together with all the required identification documentation required by the Company for its own internal checks, the Company will send him a notice informing him whether he has been accepted as a Client of the Company. It is understood that the Company is not to be required (and may be unable under Applicable Regulations) to accept a person as its Client until all documentation it requires has been received by the Company, properly and fully completed by such person and all internal Company checks (including without limitation anti‐money laundering checks, appropriateness or suitability tests as the case may be) have been satisfied. It is further understood that the Company reserves the right to impose additional due diligence requirements to accept Clients residing in certain countries. 3.2. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him. 3.3. The client has the right to cancel the Agreement by giving the Company notice in writing within the first fourteen (14) days of the Client’s account activation. The Company will return to the Client any amount the Client transferred to the Company, subject to the Client not having entered into any trades via the Company’s platform(s). 3.4. Where the Agreement has not been cancelled, it will continue to be in effect until its termination, in accordance with the provisions contained in the “Termination” section of this document.

Application and Commencement. 3.1. After the Client fills in and submits the Account Opening Application Form, together with all the required identification documentation required by the Company for its own internal checks, the Company will send him a notice informing him whether he has been accepted as a Client of the Company. It is understood that the Company is not to be required (and may be unable under Applicable Regulations) to accept a person as its Client until all documentation it requires has been received by the Company, properly and fully completed by such person and all internal Company checks (including without limitation anti‐money laundering checks, appropriateness or suitability tests as the case may be) have been satisfied. It is further understood that the Company reserves the right to impose additional due diligence requirements to accept Clients residing in certain countries. 3.2. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him. 3.3. The client has the right to cancel the Agreement by giving the Company notice in writing within the first fourteen (14) days of the Client’s account activation. The Company will return to the Client any amount the Client transferred to the Company, subject to the Client not having entered into any trades via the Company’s platform(s), otherwise, the Company shall return to the Client any remaining balance upon the closure by the Client of any open trades, subject to the provisions of paragraph 17. 3.4. Where the Agreement has not been cancelled, it will continue to be in effect until its termination, in accordance with the provisions contained in the “Termination” section of this document.