PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective. 4.2. The Company can increase spread and marginal requirements according to Regulation. 4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions. 4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems. 4.5. The Client is responsible for the state and security of the Client’s trade account. 4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments. 4.7. The Client confirms that all information provided during the registration is true, precise and up to date. 4.8. The Client confirms the Client’s funds are of legal origin. 4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions. 4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement. 4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation. 4.12. In the case of quotation errors, the Company can cancel orders made by the Client. 4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions. 4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format. 4.15. The Company can block a Client’s account not used for its intended purpose (including conversion). 4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account. 4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room. 4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the Trader 4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server. 4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain. 4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s 4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices. 4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice. 4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents. 4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts. 4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section. 4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees). 4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to: (i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status. 4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the Trader
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.10.0. The Company Xxxxxxx keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.20.0. The Company Xxxxxxx can increase spread and marginal requirements according to Regulation.
4.30.0. The Company does not Xxxxxxx doesn’t take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner doesn’t contain advice orders for any commercial actions.
4.40.0. The Company Xxxxxxx is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to up-to-date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-non- market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
. 4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the Trader
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any is closed and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred can only be accessed by it due to the above-described Client practicescontacting customer support.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not doesn’t take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner doesn’t contain advice orders for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to up-to-date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-non- market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
. 4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively is entitled to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company unilaterally shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not further use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group service, with the immediate effect and providing no notices of Clients this to the Client, if the Company detects the objective and close all of justified reasons for that. However, in this case the relevant Company is not obliged to present such reasons to the Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.22. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUREUR/ 750 RUB, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUREUR/ 1500 RUB, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company Forex4you via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.254.23. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.264.24. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.274.25. In the event the Client's Swap-Swap- Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.six
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.,
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.the
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/credited/ debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not doesn’t take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner doesn’t contain advice orders for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to up-to-date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-non- market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
. 4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the Trader
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any is closed and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred can only be accessed by it due to the above-described Client practicescontacting customer support.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.were
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily unrelated to including but partakes market in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.common-
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.notified
4.25. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Swap- Free Accounts.
4.26. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not doesn’t take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner doesn’t contain advice orders for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to up- to-date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-non- market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively is entitled to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company unilaterally shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; ;
(c) other Clients clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for that. However, in this case the Company is not obliged to present such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- common-sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.23. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUREUR/ 750 RUB, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUREUR/ 1500 RUB, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-non- refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company Forex4you via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.254.24. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.264.25. If the Client has opened an Account account with trade maintenance fee - a Swap-the Swap- Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.274.26. In the event the Client's Swap-Swap- Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.284.27. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Swap- Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.294.28. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.,
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.Trading
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.clauses
4.11. The Company can cancel orders handled with apparent dealer’s mistake mistakes or fulfilled according to non-market quotationquotations.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.the
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail email at xxxxxxx@xxxxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Partner retains the right to adjust the auto-rebate percentage allocated to a Client, subject to the condition that the Client receives prior notice of such adjustment. The Partner bears sole legal responsibility for ensuring that the Client is duly informed in advance and for obtaining the Client’s consent to the modification. Markets4you shall have no obligation to serve as an intermediary or to provide notification to clients on behalf of the Partner.
4.26. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.264.27. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/credited/ debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.274.28. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.284.29. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:without
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.294.30. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.,
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.the
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a Swap-Free Account. The terms, conditions and commissions associated with Swap-Free Accounts are specified on the Company’s website. The Company has a right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.26. If the Client has opened an Account with trade maintenance fee - a Swap-Free Account, Swap (swap fees) will not be credited/credited/ debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.,
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.the
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Swap- Free Accounts.
4.26. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not doesn’t take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner doesn’t contain advice orders for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to -to-date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively is entitled to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company unilaterally shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for that. However, in this case the Company is not obliged to present such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.23. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUREUR/ 750 RUB, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUREUR/ 1500 RUB, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-non- refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company Forex4you via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.254.24. The Client may open a Swap-Free new, special Swap -Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.264.25. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.274.26. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.284.27. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.294.28. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the Trader
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.23. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.254.24. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Swap- Free Accounts.
4.264.25. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.available
4.274.26. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.284.27. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.294.28. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.were
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s’s further use of the particular service, with the immediate effect and providing no notices of this to the Client, if the Company detects the objective and justified reasons for such action. The Company is not obliged to disclose such reasons to the Client.
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.23. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.254.24. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter the terms, conditions and commissions by posting the relevant changes on its website in "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.change the
4.264.25. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.274.26. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.284.27. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.294.28. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement by sending a letter of notification five days before changes officially become effective.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general in its nature and does not in any way or manner contain advice for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state and security of the Client’s trade account.
4.6. The Client has the authority to sign this Agreement, fulfill requirements, give orders and meet relevant commitments.
4.7. The Client confirms that all information provided during the registration is true, precise and up to date.
4.8. The Client confirms the Client’s funds are of legal origin.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate laws, regulations and other rules applied to the Client under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 of the Agreement.
4.11. The Company can cancel orders handled with apparent dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actions.
4.14. The Company can ask the Client to submit the Client’s identity and any other relevant documents per the Company’s policies in electronic and/ or certified format.
4.15. The Company can block a Client’s account not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the Trader
4.19. The Company is entitled at any time and exclusively to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group of Clients and close all of the relevant Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.24. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.25. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Swap- Free Accounts.
4.26. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.27. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.the
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner contain advice orders for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to up-to- date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-saccount(- s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively is entitled to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company unilaterally shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; ;
(c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not further use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group service, with the immediate effect and providing no notices of Clients this to the Client, if the Company detects the objective and close all of justified reasons for that. However, in this case the relevant Company is not obliged to present such reasons to the Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.22. The Company shall charge the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts), a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUREUR/ 750 RUB, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-twenty- four) months, in the amount of 20 USD/ 20 EUREUR/ 1500 RUB, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s trading accounts. The Client shall be charged the inactivity fee from any remaining positive account balance until the account balance equals zero, or the Client resumes activity on any of the Client’s accounts. The fee is non-refundable. The Client has the right to request withdrawal of funds using available means of funds withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company Forex4you via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity documents.
4.254.23. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.264.24. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Swap- Free Accounts" section.
4.274.25. In the event the Client's Swap-Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.284.26. The Company reserves the right to revoke cancel the Swap-Free free status of the Swap-Free Account unilaterally without prior notification to the Client if the Client acts contrary to this Agreement, the lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.294.27. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Swap- Free Account from the particular Account, are borne by the Client.
Appears in 1 contract
Samples: Client Agreement
PRIVILEGES AND RESPONSIBILITIES. 4.1. The Company keeps the right to change this Agreement agreement by sending a letter of notification five days before changes officially become effectiveoccur.
4.2. The Company can increase spread and marginal requirements according to Regulation.
4.3. The Company does not doesn’t take responsibility for the Client’s activity or inactivity. Information offered by the Company is general introductory in its nature nature; it expresses the author’s opinion and does not in any way or manner doesn’t contain advice orders for any commercial actions.
4.4. The Company is not responsible for dereliction of duties caused by failures in connection channels or Internet problems.
4.5. The Client is responsible for the state of his trade account and security of the Client’s trade accounthis passwords.
4.6. The Client has the authority to sign this Agreementagreement, fulfill make requirements, give orders and meet relevant corresponding commitments.
4.7. The Client confirms that all information provided during the given in registration form is true, precise and up to up-to-date.
4.8. The Client confirms the Client’s funds are has a legal source of legal originmoney.
4.9. Actions carried out by the Client according to the Agreement and Regulation do not violate break laws, regulations and other rules applied to the Client or under the Client’s and the Company’s jurisdictions.
4.10. The Company can nullify any order or close one or more of the Client’s positions at any time according to current price if Client violates clauses 4.7 - 4.9 clauses of the Agreement.
4.11. The Company can cancel orders handled with apparent obvious dealer’s mistake or fulfilled according to non-market quotation.
4.12. In the case of quotation errors, the mistakes Company can cancel orders made by the Client.
4.13. The Company can recognize operations on the trade server as non-non- market, if there are objective reasons for such actionsreasons.
4.14. The Company can ask the Client to submit the Client’s for sending his identity and any other relevant documents per the Company’s policies document, also in electronic and/ or certified format.
4.15. The Company can block a Client’s an account used by Client not used for its intended purpose (including conversion).
4.16. In the event the Client’s trading account balance is zero (0) and no trades were performed with the trading account for the period of three (3) years or more, the Company is entitled to archive and close access to such trading account.
4.17. In the event the Client does not have any active trading account(-s), the Company can archive the data of such Client and close access to the Client’s Trader Room.
. 4.18. Data from archived trading accounts of the Client is kept for five (5) years from the date the Client’s access to the TraderTrader Room is closed and can only be accessed by contacting customer support.
4.19. The Company is entitled at any time and exclusively is entitled to protect its legal interests and the normal run of the services rendered, regardless the activities and intentions of the Clients. Due to this the Company unilaterally shall unilaterally execute all the necessary and reasonable actions against individual Clients, who act contrary to the interests of the Company, use the services of the Company without good faith, apply for the Services of the Company with the unfaithful intentions or carry out unfaithful activities while using the services provided. The protection of the interests of the Company might result as, including but not limiting to: (a) partial or full blocking the access to the respective trading accounts/ trader room/ trading servers/ certain account types; (b) unilateral termination of contractual relations with the Client with the immediate effect; (c) unilateral transition of the Client’s account to a different trading server.
4.20. The Company is entitled unilaterally to terminate any trading activities of the Client at any time, if such activities negatively affect: (a) the infrastructure of the Company; (b) any IT solutions/ tools/ devices of the Company devoted for the provision of the services; (c) other Clients clients of the Company decreasing the quality of the service they expect to obtain.
4.21. The Company at its sole discretion is entitled unilaterally to terminate the contractual relations with the Client, restricting fully or partially the Client’s
4.22. The Client consents that the Company reserves the right to immediately terminate the Client’s access to the trading platform(s) and/ or the Client’s Trader Room and/or any and all Client’s accounts, or refuse or cancel any order, in the event the Client voluntarily and/or involuntarily partakes in arbitrage unrelated to market inefficiencies, including but not limited to, latency arbitrage and swap arbitrage and/or acts contrary to good faith; under such circumstances, the Company may at its discretion, close the Client’s Trader Room, and/or any and all Client’s accounts, and recover any losses incurred by it due to the above-described Client practices.
4.23. The Client or group of Clients undertakes to not further use any Trading strategies which are based on non-market conditions, unintended vulnerabilities or common- sense errors in regular, special or additional conditions of Company services, any quoting, software or hardware vulnerabilities, including, but not limited to, Server vulnerabilities. In case of violation of this Clause, the Company has a right to invalidate historical Trading transactions of the particular Client or group service, with the immediate effect and providing no notices of Clients this to the Client, if the Company detects the objective and close all of justified reasons for that. However, in this case the relevant Company is not obliged to present such reasons to the Client’s or group of Client’s positions, and to terminate the Trading account and/ or Trader Room of the Client or each Client within the relevant group of Clients without prior notice.
4.244.22. The Company shall charge all Client’s trading accounts with an inactivity fee of 10 USD / 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, by deducting from the balance of the Client’s inactive trading accounts (including Share4you Follower and/or Share4you Leader accounts)every month on remaining account balance, a monthly inactivity fee. The inactivity fee will be charged where a Client has not placed any trade, or does not have any current open trades, or has not performed any balance operations, for a period exceeding 12 (twelve) 24 months, and in this case the inactivity fee will be charged in the amount of 10 USD/ 10 EUR, or equivalent in another currency depending on the chosen account currency of the Client, and, after 24 (twenty-four) months, in the amount of 20 USD/ 20 EUR, or equivalent in another currency depending on the chosen account currency of the Client. The time when the inactivity fee becomes applicable is calculated from the moment of the last trade on any of the Client’s his trading accounts. The Client shall be charged the inactivity fee from on any remaining positive account balance until the account balance equals is equal to zero, or the Client customer resumes activity on any of the Client’s his accounts. The fee charged is non-refundable. The Client has the right to request withdrawal of funds using available means of funds fund withdrawal. The Client shall be notified one (1) month in advance prior to application of the inactivity fee. Failure to notify the Client does not relieve the Client from the inactivity fee. Any account subject to inactivity fee shall be considered dormant and access shall be restricted for security purposes. To resume access, Clients are advised to contact the Company Forex4you via e-mail at xxxxxxx@xxxxxxx0xxx.xxx xxxx@xxxxx0xxx.xxx or via Live Chat. The Company may request the Client to produce proof of identity evidencing documents.
4.254.23. The Client may open a new, special Swap-Free Account. The terms, relevant conditions and commissions associated with the Swap-Free Accounts Account are specified on the Company’s website. The Company has a the right to alter change the terms, conditions and commissions by posting the relevant changes on its website in website, "Swap-Free Accounts" section. Existing Accounts cannot be converted into Swap-Free Accounts.
4.264.24. If the Client has opened an Account account with trade maintenance fee - a the Swap-Free Account, Swap (swap fees) will not be credited/debited, however, the Client will be charged a specific commission for transferring positions over midnight. A complete commission table is available on the Company’s website, "Swap-Free Accounts" section.
4.274.25. In the event the Client's Swap-Swap- Free Account balance is zero (0) and no trading activities were performed with this Account for the period of six (6) months or more, the Company is entitled to change the type of the Account to a regular Account and to apply the Swap (Swap fees).
4.28. The Company reserves the right to revoke the Swap-Free status of the Swap-Free Account unilaterally without prior notification if the Client acts contrary to this Agreement, lawful interests of the Company and/or does not act in good faith. In the event the Swap-Free status of an Account is cancelled, the Company reserves the right in its sole discretion to:
(i) retroactively recover all Swap fees, interest, costs, expenses and/or similar from the Client, (ii) to nullify any trades the Client made by using the Swap-Free Account in question, and (iii) to cancel any related profits or losses, that the Client should have received from or paid to the Company, as the case may be, if the Account in question was never granted Swap-Free status.
4.29. All the risks (including, but not limited to, risk of financial loss), related to the removal of the Swap-free status of the Swap-Free Account from the particular Account, are borne by the Client.six
Appears in 1 contract
Samples: Client Agreement
