Common use of INTRODUCING BROKERS Clause in Contracts

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd by an Introducing Broker. If so, Tickmill Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd or Tickmill Ltd’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s discretion.

INTRODUCING BROKERS. 18.1 16.1 The Client Customer may have been referred to Tickmill Ltd the Company by an Introducing BrokerIB. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client Customer and the ClientCustomer's Introducing BrokerIB. The Client Customer acknowledges that any such Introducing Broker IB will either be acting as an independent intermediary or an Agent for the Client Customer and that no such Introducing Broker IB shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltdthe Company’s Services. 18.2 16.2 The Client Customer is specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs as Tickmill Ltd the Company may pay fees or commission to such person. 18.3 16.3 The Client Customer is also specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs for the client customer because the Introducing Broker IB can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients Customer’s account either by the Introducing Broker IB or the ClientCustomer. 18.4 16.4 If the Introducing Broker IB undertakes any deductions from the ClientCustomer's Trading Account according to any agreement between the Client Customer and the Introducing BrokerIB, Tickmill Ltd the Company has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 16.5 The Company shall have no responsibility or liability to the Client Customer in following the instructions given by the Introducing BrokerIB. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing BrokerIB. 18.6 16.6 The client customer acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the ClientCustomer's account makes trading commercially viable, is the combined responsibility of the Client Customer and the Introducing BrokerIB. Tickmill Ltd The Company only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the ClientCustomer. 18.7 16.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing BrokerIB, Tickmill Ltd the Company and third parties according to the Introducing BrokerIB's written instructions and/or at Tickmill Ltdthe Company’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Aglobe Investments Ltd by an Introducing Broker. If so, Tickmill Aglobe Investments Ltd shall not be responsible for any agreement made between the Client and the Client's Client`s Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Aglobe Investments Ltd or Tickmill LtdAglobe Investments Ltd ’s Services. 18.2 The Client is specifically made aware that the Client's Client`s agreement with its Introducing Broker may result in additional costs as Tickmill Aglobe Investments Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's Client`s agreement with its Introducing Broker may result in additional costs for the client Client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Client`s Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Aglobe Investments Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Aglobe Investments Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Aglobe Investments Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's Client`s account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Aglobe Investments Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Aglobe Investments Ltd and third parties according to the Introducing Broker's Broker`s written instructions and/or at Tickmill LtdAglobe Investments Ltd ’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Asia Ltd by an Introducing Broker. If so, Tickmill Asia Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Asia Ltd or Tickmill Asia Ltd’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Asia Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Asia Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Asia Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Asia Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Asia Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Asia Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Asia Ltd’s discretion.

INTRODUCING BROKERS. 18.1 19.1 The Client may have been referred to Tickmill Benor Capital Ltd by an Introducing Broker. If so, Tickmill Benor Capital Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Benor Capital Ltd or Tickmill Benor Capital Ltd’s Services. 18.2 19.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Benor Capital Ltd may pay fees or commission to such person. 18.3 19.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 19.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Benor Capital Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill 19.5 Benor Capital Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Benor Capital Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 19.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Benor Capital Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 19.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Benor Capital Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Benor Capital Ltd’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd Junle Capital Limited by an Introducing Broker. If so, Tickmill Ltd Junle Capital Limited shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd Junle Capital Limited or Tickmill LtdJunle Capital Limited’s Servicesservices. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd Junle Capital Limited may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd Junle Capital Limited has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd Junle Capital Limited shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd Junle Capital Limited is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd Junle Capital Limited only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd Junle Capital Limited and third parties according to the Introducing Broker's written instructions and/or at Tickmill LtdJunle Capital Limited’s discretion.

INTRODUCING BROKERS. 18.1 The Client 49.1. You may have been referred to Tickmill Ltd us by an Introducing Broker. If so, Tickmill Ltd we shall not be responsible for any agreement made between the Client you and the Client's Introducing BrokerBroker (or the equivalent). The Client acknowledges You acknowledge that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client you and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd us or Tickmill Ltd’s Servicesour services. 18.2 The Client is 49.2. You are specifically made aware that the Client's agreement this Agreement with its Introducing Broker (or the equivalent) may result in additional costs as Tickmill Ltd we may pay fees or commission to such a person. 18.3 The Client is 49.3. You also specifically made aware that the Client's agreement this Agreement with its Introducing Broker may result in additional costs for the client you because the Introducing Broker (or the equivalent) can deduct commissions and fees fees, as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account Clients, Account either by the Introducing Broker or the Client. 18.4 49.4. If the Introducing Broker undertakes any deductions from the Client's Trading your Account according to any agreement between the Client you and the Introducing BrokerBroker (or the equivalent), Tickmill Ltd has we have no responsibility obligations as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 49.5. We shall have no responsibility obligation or liability to the Client you in following the instructions given by the Introducing BrokerBroker (or the equivalent). Tickmill Ltd is under We have no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges 49.6. You acknowledge and accepts accept that frequent transactions Transaction and/or Contracts may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account your Account makes trading commercially viable, is the your combined responsibility of the Client responsibility, and the Introducing Broker. Tickmill Ltd We only acts act as the custodian and principal broker, broker and therefore is are not responsible for the size of the commissions and fees as well as price or interest rate paid by the Clientyou. 18.7 49.7. Any commissions, fees, price price, or interest/financing rate adjustments for trades conducted may be shared between the Affiliate, Introducing Broker, Tickmill Ltd partnership, third-parties and third parties the Company according to the Introducing Broker's agreement or written instructions and/or at Tickmill Ltd’s our discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Benor Capital Ltd by an Introducing Broker. If so, Tickmill Benor Capital Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Benor Capital Ltd or Tickmill Benor Capital Ltd’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Benor Capital Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Benor Capital Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Benor Capital Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Benor Capital Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Benor Capital Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Benor Capital Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Benor Capital Ltd’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd ZAINFXM by an Introducing Broker. If so, Tickmill Ltd ZAINFXM shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised authorized to make any representations concerning Tickmill Ltd ZAINFXM or Tickmill Ltd’s ZAINFXM Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd ZAINFXM may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd ZAINFXM has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd ZAINFXM shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd ZAINFXM is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd ZAINFXM only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd ZAINFXM and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s ZAINFXM discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd ZAINFX FINCROP LTD by an Introducing Broker. If so, Tickmill Ltd ZAINFX FINCROP LTD shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised authorized to make any representations concerning Tickmill Ltd ZAINFX FINCROP LTD or Tickmill Ltd’s ZAINFX FINCROP LTD Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd ZAINFX FINCROP LTD may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd ZAINFX FINCROP LTD has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd ZAINFX FINCROP LTD shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd ZAINFX FINCROP LTD is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd ZAINFX FINCROP LTD only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd ZAINFX FINCROP LTD and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s ZAINFX FINCROP LTD discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd Omega4x by an Introducing Broker. If so, Tickmill Ltd Omega4x shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd Omega4x or Tickmill LtdOmega4x’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd Omega4x may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd Omega4x has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd Omega4x shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd Omega4x is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing theIntroducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd Omega4x only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd Omega4x and third parties according to the Introducing Broker's written instructions and/or at Tickmill LtdOmega4x’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd Bluesuisse Markets Limited by an Introducing Broker. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltd’s the Company Services. 18.2 . The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd Bluesuisse Markets Limited may pay fees or commission to such person. 18.3 . The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 . If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd Bluesuisse Markets Limited has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd . Bluesuisse Markets Limited shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 . The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd Bluesuisse Markets Limited only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 . Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd Bluesuisse Markets Limited and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s the Company discretion.

INTRODUCING BROKERS. 18.1 15.1 The Client Customer may have been referred to Tickmill Ltd the Company by an Introducing BrokerIB. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client Customer and the ClientCustomer's Introducing BrokerIB. The Client Customer acknowledges that any such Introducing Broker IB will either be acting as an independent intermediary or an Agent for the Client Customer and that no such Introducing Broker IB shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltdthe Company’s Services. 18.2 15.2 The Client Customer is specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs as Tickmill Ltd the Company may pay fees or commission to such person. 18.3 15.3 The Client Customer is also specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs for the client customer because the Introducing Broker IB can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients Customer’s account either by the Introducing Broker IB or the ClientCustomer. 18.4 15.4 If the Introducing Broker IB undertakes any deductions from the ClientCustomer's Trading Account according to any agreement between the Client Customer and the Introducing BrokerIB, Tickmill Ltd the Company has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 15.5 The Company shall have no responsibility or liability to the Client Customer in following the instructions given by the Introducing BrokerIB. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing BrokerIB. 18.6 15.6 The client customer acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the ClientCustomer's account makes trading commercially viable, is the combined responsibility of the Client Customer and the Introducing BrokerIB. Tickmill Ltd The Company only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the ClientCustomer. 18.7 15.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing BrokerIB, Tickmill Ltd the Company and third parties according to the Introducing BrokerIB's written instructions and/or at Tickmill Ltdthe Company’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd GRAND CAYMAN CAPITAL LTD by an Introducing Broker. If so, Tickmill Ltd GRAND CAYMAN CAPITAL LTD shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd GRAND CAYMAN CAPITAL LTD or Tickmill LtdGRAND CAYMAN CAPITAL LTD’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd GRAND CAYMAN CAPITAL LTD may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd GRAND CAYMAN CAPITAL LTD has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd GRAND CAYMAN CAPITAL LTD shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd GRAND CAYMAN CAPITAL LTD is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd GRAND CAYMAN CAPITAL LTD only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd GRAND CAYMAN CAPITAL LTD and third parties according to the Introducing Broker's written instructions and/or at Tickmill LtdGRAND CAYMAN CAPITAL LTD’s discretion.

INTRODUCING BROKERS. 18.1 16.1 The Client Customer may have been referred to Tickmill Ltd the Company by an Introducing BrokerIB. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client Customer and the Client's Introducing BrokerCustomer’s IB. The Client Customer acknowledges that any such Introducing Broker IB will either be acting as an independent intermediary or an Agent for the Client Customer and that no such Introducing Broker IB shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltdthe Company’s Services. 18.2 16.2 The Client Customer is specifically made aware that the Client's Customer’s agreement with its Introducing Broker IB may result in additional costs as Tickmill Ltd the Company may pay fees or commission to such person. 18.3 16.3 The Client Customer is also specifically made aware that the Client's Customer’s agreement with its Introducing Broker IB may result in additional costs for the client customer because the Introducing Broker IB can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients Customer’s account either by the Introducing Broker IB or the Client.Customer. xxx.xxxxxxxxxxxxxx.xxx | xxxx@xxxxxxxxxxxxxx.xxx | Xxxx X00, Xxxxxx Xxxxxxxx, Xx Xxxxxx Xx La Fraternite, Ile Du Port, Seychelles 34 GEMFOREX LIMITED / Client service Agreement 18.4 16.4 If the Introducing Broker IB undertakes any deductions from the Client's Customer’s Trading Account according to any agreement between the Client Customer and the Introducing BrokerIB, Tickmill Ltd the Company has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 16.5 The Company shall have no responsibility or liability to the Client Customer in following the instructions given by the Introducing BrokerIB. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing BrokerIB. 18.6 16.6 The client customer acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's Customer’s account makes trading commercially viable, is the combined responsibility of the Client Customer and the Introducing BrokerIB. Tickmill Ltd The Company only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the ClientCustomer. 18.7 16.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing BrokerIB, Tickmill Ltd the Company and third parties according to the Introducing Broker's IB’s written instructions and/or at Tickmill Ltdthe Company’s discretion.

INTRODUCING BROKERS. 18.1 ‌ 16.1 The Client Customer may have been referred to Tickmill Ltd the Company by an Introducing BrokerIB. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client Customer and the ClientCustomer's Introducing BrokerIB. The Client Customer acknowledges that any such Introducing Broker IB will either be acting as an independent intermediary or an Agent for the Client Customer and that no such Introducing Broker IB shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltdthe Company’s Services. 18.2 16.2 The Client Customer is specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs as Tickmill Ltd the Company may pay fees or commission to such person. 18.3 16.3 The Client Customer is also specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs for the client customer because the Introducing Broker IB can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients Customer’s account either by the Introducing Broker IB or the ClientCustomer. 18.4 16.4 If the Introducing Broker IB undertakes any deductions from the ClientCustomer's Trading Account according to any agreement between the Client Customer and the Introducing BrokerIB, Tickmill Ltd the Company has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 16.5 The Company shall have no responsibility or liability to the Client Customer in following the instructions given by the Introducing BrokerIB. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing BrokerIB. 18.6 16.6 The client customer acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the ClientCustomer's account makes trading commercially viable, is the combined responsibility of the Client Customer and the Introducing BrokerIB. Tickmill Ltd The Company only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the ClientCustomer. 18.7 16.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing BrokerIB, Tickmill Ltd the Company and third parties according to the Introducing BrokerIB's written instructions and/or at Tickmill Ltdthe Company’s discretion.

INTRODUCING BROKERS. 18.1 16.1 The Client Customer may have been referred to Tickmill Ltd the Company by an Introducing BrokerIB. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client Customer and the ClientCustomer's Introducing BrokerIB. The Client Customer acknowledges that any such Introducing Broker IB will either be acting as an independent intermediary or an Agent for the Client Customer and that no such Introducing Broker IB shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltdthe Company’s Services. 18.2 16.2 The Client Customer is specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs as Tickmill Ltd the Company may pay fees or commission to such person. 18.3 16.3 The Client Customer is also specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs for the client Customer because the Introducing Broker IB can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients Customer’s account either by the Introducing Broker IB or the ClientCustomer. 18.4 16.4 If the Introducing Broker IB undertakes any deductions from the ClientCustomer's Trading Account according to any agreement between the Client Customer and the Introducing BrokerIB, Tickmill Ltd the Company has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 16.5 The Company shall have no responsibility or liability to the Client Customer in following the instructions given by the Introducing BrokerIB. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing BrokerIB. 18.6 16.6 The client Customer acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the ClientCustomer's account makes trading commercially viable, is the combined responsibility of the Client Customer and the Introducing BrokerIB. Tickmill Ltd The Company only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the ClientCustomer. 18.7 16.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing BrokerIB, Tickmill Ltd the Company and third parties according to the Introducing BrokerIB's written instructions and/or at Tickmill Ltdthe Company’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd by an Introducing Broker. If so, Tickmill Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd or Tickmill Ltd’s Services.or 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s discretion.

INTRODUCING BROKERS. 18.1 The Client may have been referred to Tickmill Ltd Bofinassets by an Introducing Broker. If so, Tickmill Ltd Xxxxxxxxxxx shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent anindependent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd Xxxxxxxxxxx or Tickmill LtdBofinassets’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd Bofinassets may pay fees payfees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd Bofinassets has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd Bofinassets shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd Bofinassets is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing theIntroducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interestinter est/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd Bofinassets only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd Xxxxxxxxxxx and third parties according to the Introducing Broker's written instructions and/or at Tickmill LtdBofinassets’s discretion.

INTRODUCING BROKERS. 18.1 16.1 The Client Customer may have been referred to Tickmill Ltd the Company by an Introducing BrokerIB. If so, Tickmill Ltd the Company shall not be responsible for any agreement made between the Client Customer and the ClientCustomer's Introducing BrokerIB. The Client Customer acknowledges that any such Introducing Broker IB will either be acting as an independent intermediary or an Agent for the Client Customer and that no such Introducing Broker IB shall be authorised authorized to make any representations concerning Tickmill Ltd the Company or Tickmill Ltdthe Company’s Services. 18.2 16.2 The Client Customer is specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs as Tickmill Ltd the Company may pay fees or commission to such person. 18.3 16.3 The Client Customer is also specifically made aware that the ClientCustomer's agreement with its Introducing Broker IB may result in additional costs for the client customer because the Introducing Broker IB can deduct commissions and fees as well as price or interest/interest/ financing rate adjustments for any trade conducted on or allocated to the Clients Customer’s account either by the Introducing Broker IB or the ClientCustomer. 18.4 16.4 If the Introducing Broker IB undertakes any deductions from the ClientCustomer's Trading Account according to any agreement between the Client Customer and the Introducing BrokerIB, Tickmill Ltd the Company has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd 16.5 The Company shall have no responsibility or liability to the Client Customer in following the instructions given by the Introducing BrokerIB. Tickmill Ltd The Company is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing BrokerIB. 18.6 16.6 The client customer acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/interest/ financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/interest/ financing rate adjustments for trades conducted paid from the ClientCustomer's account makes trading commercially viable, is the combined responsibility of the Client Customer and the Introducing BrokerIB. Tickmill Ltd The Company only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the ClientCustomer. 18.7 16.7 Any commissions, fees, price or interest/interest/ financing rate adjustments for trades conducted may be shared between the Introducing BrokerIB, Tickmill Ltd the Company and third parties according to the Introducing BrokerIB's written instructions and/or and/ or at Tickmill Ltdthe Company’s discretion.