Common use of Basic Principles Clause in Contracts

Basic Principles. 1. Processing Customer orders. 1. For conducting trades the "Instant Execution" quoting mechanism is used. 2. Customer enquiries and orders are processed according to the following scheme: - the Customer makes an enquiry or an order, which correctness is checked, in the Customer terminal; - the Customer terminal forwards the enquiry or order to the server; - the server receives the Customer order and checks its correctness; then the trading terminal shows the message "request was accepted by server"; - once the Customer enquiry or order has been processed, the server sends the result back to the Customer trading terminal; - provided that there is uninterrupted connection between the Customer terminal and the server, the Customer terminal receives the result of the enquiry or order execution result from the Dealer. 3. The Customer can attempt to cancel the earlier sent request (which is queued); nevertheless, the Company cannot guarantee the success of this attempt. 4. The time, required to execute an enquiry or an order, depends on the quality of connection between the Customer terminal and the Company server, as well as on the market conditions. Under the normal market conditions, it usually takes about 1-5 seconds to process an enquiry or an order. Amid the market conditions which differ from the normal ones, the processing time can be extended up to 10-15 seconds. 5. The Company server can decline the Customer order in cases as follows: - at the market opening a "No price" message is received, in case the Customer makes an enquiry before the first quote is imported in the trading platform; - the Customer does not have enough funds to open a new position; - market conditions are other than normal. 2. Trading operations. 1. Currency is sold at Bid price. Currency is bought at Ask price. 3. Minimal size of a trade. 1. For the trading accounts of Standard and Xxxxxx types with the balance and/or funds in the amount of USD100,000.00 (one hundred thousand USD) or equivalent in other currency there can be a limitation of the minimal position size in the amount of 1 InstaForex lot (or USD1 per pip). For accounts of USD10,000.00 (ten thousand USD) or equivalent in other currency at the Company’s discretion there can be a limitation of the minimal operation size of 0.1 InstaForex lot (or USD0.10 per 1 pip). For trading accounts with the balance of over USD10,000 and over USD100,000 the minimal size of InstaForex lot can be set proportionally to the balance at the Company’s discretion. 2. If the sum total of the Customer opened positions exceeds the following sums in base currency, the Company reserves the right to impose limitations on the maximal leverage. - for the amounts over USD5,000,000 (five million) to 1:100; - for the amounts over USD20,000,000 (twenty million) to 1:50. In some cases, when deals are opened through the ForexCopy system, the Company reserves the right to account for the total volume of opened trades on all accounts of followers of a ForexCopy trader in order to apply the aforementioned restrictions to these accounts. Along with that, the stop out level specified in clause 3.15 of the present Agreement can be changed by 50% for all followers of this trader. The Company reserves the right to impose the above-mentioned restrictions on a selective basis. 3. For accounts with the balance over 1000 USD the leverage can be lowered from 1:1000 to 1:600. 4. Spreads and swaps. 1. In case of no force major circumstances, the Company uses fixed spread, which is indicated on the Company official website. To become familiar with current spreads, please visit: xxxxx://xxx.xxxxxxxxxx.xxx/en/specifications.php 2. Holding positions overnight. The swap is charged at 23:59:30 when keeping positions overnight. The swap is charged at a triple rate for all currency pairs, spot metals, #SPY, and #QQQ, remaining open from Wednesday to Thursday. A triple swap is also charged for keeping positions on CFDs on shares, as well as futures, on Friday. The swap size can vary on a daily basis according to the decision of the Company. Current swaps are available at xxxxx://xxx.xxxxxxxxxx.xxx/en/specifications.php. 5. Making amendments to trading conditions. 1. The Company has the right to change margin requirements, spreads, the orders’ executing mode and other trading conditions in correlation with national and international holidays, and shall notify the Customers 5 working days beforehand. In this case, all changes will be applicable to the already opened trades and new positions.

Basic Principles. 1. Processing Customer orders. 1. For conducting trades the "Instant Execution" quoting mechanism is used. 2. Customer enquiries and orders are processed according to the following scheme: - the Customer makes an enquiry or an order, which correctness is checked, in the Customer terminal; - the Customer terminal forwards the enquiry or order to the server; - the server receives the Customer order and checks its correctness; then the trading terminal shows the message "request was accepted by server"; - once the Customer enquiry or order has been processed, the server sends the result back to the Customer trading terminal; - provided that there is uninterrupted connection between the Customer terminal and the server, the Customer terminal receives the result of the enquiry or order execution result from the Dealer. 3. The Customer can attempt to cancel the earlier sent request (which is queued); nevertheless, the Company cannot guarantee the success of this attempt. 4. The time, required to execute an enquiry or an order, depends on the quality of connection between the Customer terminal and the Company server, as well as on the market conditions. Under the normal market conditions, it usually takes about 1-5 seconds to process an enquiry or an order. Amid the market conditions which differ from the normal ones, the processing time can be extended up to 10-15 seconds. 5. The Company server can decline the Customer order in cases as follows: - at the market opening a "No price" message is received, in case the Customer makes an enquiry before the first quote is imported in the trading platform; - the Customer does not have enough funds to open a new position; - market conditions are other than normal. 2. Trading operations. 1. Currency is sold at Bid price. Currency is bought at Ask price. 3. Minimal size of a trade. 1. For the trading accounts of Standard and Xxxxxx types with the balance and/or funds in the amount of USD100,000.00 (one hundred thousand USD) or equivalent in other currency there can be a limitation of the minimal position size in the amount of 1 InstaForex lot (or USD1 per pip). For accounts of USD10,000.00 (ten thousand USD) or equivalent in other currency at the Company’s discretion there can be a limitation of the minimal operation size of 0.1 InstaForex lot (or USD0.10 per 1 pip). For trading accounts with the balance of over USD10,000 and over USD100,000 the minimal size of InstaForex lot can be set proportionally to the balance at the Company’s discretion. 2. If the sum total of the Customer opened positions exceeds the following sums in base currency, the Company reserves the right to impose limitations on the maximal leverage. - for the amounts over USD5,000,000 (five million) to 1:100; - for the amounts over USD20,000,000 (twenty million) to 1:50. In some cases, when deals are opened through the ForexCopy system, the Company reserves the right to account for the total volume of opened trades on all accounts of followers of a ForexCopy trader in order to apply the aforementioned restrictions to these accounts. Along with that, the stop out level specified in clause 3.15 of the present Agreement can be changed by 50% for all followers of this trader. The Company reserves the right to impose the above-mentioned restrictions on a selective basis. 3. For accounts with the balance over 1000 USD the leverage can be lowered from 1:1000 to 1:600. 4. Spreads and swaps. 1. In case of no force major circumstances, the Company uses fixed spread, which is indicated on the Company official website. To become familiar with current spreads, please visit: xxxxx://xxx.xxxxxxxxxx.xxx/en/specifications.php 2. Holding positions overnight. The swap is charged at 23:59:30 when keeping positions overnight. The swap is charged at a triple rate for all currency pairs, spot metals, #SPY, and #QQQ, remaining open from Wednesday to Thursday. A triple swap is also charged for keeping positions on CFDs on shares, as well as futures, on Friday. The swap size can vary on a daily basis according to the decision of the Company. Current swaps are available at xxxxx://xxx.xxxxxxxxxx.xxx/en/specifications.php. 5. Making amendments to trading conditions. 1. The Company has the right to change margin requirements, spreads, the orders’ executing mode and other trading conditions in correlation with national and international holidays, and shall notify the Customers 5 working days beforehand. In this case, all changes will be applicable to the already opened trades and new positions.