Common use of Qualified Trader Clause in Contracts

Qualified Trader. a Referred Trader, identified by the Tracker ID assigned to the Referrer and subsequently approved by GO Markets (i.e. the account and/or documents of the relevant person have been verified and met the requirements set out by GO Markets Target Market Determination (“TMD”) to qualify for an account and no violations, drawbacks or abuses have been found out by it), provided that: a. such natural or legal person has not already been registered to the Website/Portal, including through registration under a different name or through a different identity; b. such natural or legal person meets the conditions for the payment of the Referrer Remuneration as set in the Agreement; c. such natural or legal person to meet 1 out of 3 tier criteria under Client, Balance, Volume in Section 2.3; d. Neither the Referrer nor any of its Related Parties are eligible to become Qualified Traders under such Referrer’s Tracker ID. e. In no way will a computer-generated user (such as a robot, spider, computer script, etc.) be considered a Qualified Trader.

Appears in 2 contracts

Samples: Referral Agreement, Referral Agreement

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