REAL STOCKS. 12.1. The Agreement sets out the terms under which you can trade “Real Stocks” using NAGA’ Website and/or Platform(s). Prior to the use of Real Stocks trading, kindly note that the trading of Real Stocks is not appropriate for everyone. By acknowledging the Terms of this Agreement, you fully understand such risks. The terms of this sections apply to trades in relation to: 12.1.1. Real Stock transactions made under leverage of 1; and 12.1.2. Social trading transactions, excluding ETFs transactions. 12.2. Without derogating from the generality of clause 10.1 above, the following transaction shall be classified as CFD’s transactions: 12.2.1. CFDs in Real Stocks transactions with leverage above 1:5 for Retail clients and up to 12.2.2. all short transactions; and 12.2.3. Social trading transaction in ETFs. 12.3. By accepting the terms of the Agreement the clients consent and acknowledge that all trading in Real Stocks shall be made within the Trading Platform and you will be unable to transfer the aforesaid instruments out of your account into your own name or another nominee. 12.4. The Client understands and acknowledges and consent that any Market Data presented in NAGA’s Website and/or Platform(s) will be provided or made accessible for convenience and information only solely to assist you to make your own investment decisions, and does not amount to an investment advice. The data will therefore be provided or made accessible to you without any liability, and you should not rely upon the market data in any way. In particular, any price quoted in the Market Data may differ from the execution price you actually obtain. 12.5. The Company in its sole discretion and option may decline to execute any order, for a variety of reasons, including, but not limited to, the size of an order, the market conditions, a violation of any applicable rules or regulations related to your orders, insufficient or inadequate securities or liquid funds in your Account. 12.6. The Client understands and acknowledges that there is no guarantee that his/her order will be filled in full or in part. Where a delay occurs for any reason, NAGA will attempt to execute the order as soon as reasonably practicable. The Client acknowledges and accepts that the market price of the Real Stock may have moved during the time between our receipt and acceptance of your order and our attempt to execute order. In these circumstances, the third- party who has provided the quotation to us is not obliged to honor the indicative price you have received and, if that is the case, we may reject your order. Such movements in price may be in your favor or against you. 12.7. The Client acknowledges that it may not be possible to cancel or modify an order. Any attempt to cancel or modify an order is simply a request to us to do so. NAGA is not liable to you if we are unable to cancel or modify an order. The Client understands and agrees that, if an order cannot be cancelled or modified, he/she is bound by any execution of the original order. The Client further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order or the execution of duplicate orders and that he/she shall be responsible for all such over-executions or duplications. If the Client enters a cancellation request, he/she agrees to confirm that the cancellation request has been affected prior to entering a replacement order. 12.8. The Client acknowledges that if he/she place an order (whether during normal market hours or when the market is closed), then he/she agrees to pay or receive the prevailing market price at the time your market order is executed. The Client understands that the price he/she pay may be significantly higher or lower than he/she had anticipated at the time you placed the order. To avoid paying a higher price and possibly exceeding his/her purchasing power or selling it at a lower price than he/she would like. The Client may choose to enter a Limit Order. 12.9. NAGA will inform the client accordingly if a Limit Order related to Real Stock admitted to trading on a regulated market cannot immediately be executed under prevailing market conditions, unless NAGA expressly agrees otherwise. 12.10. The Company agrees that if a Real Stock that the Client holds in his/her Account is likely to be delisted, the Company will promptly inform the Client accordingly. 12.11. The Client shall only sell Real Stocks held on his/her account. If the client will instruct NAGA to sell a Real Stock that he/she does not own at the time of the sale and that is not held on the account (“Short Transaction”), such instruction shall be an order of CFD transaction in that underlying asset, regardless of the leverage which varies across the client’s categorization and actual product traded. 12.12. The Client acknowledges that NAGA may deal through exchanges and a number of Market Makers, as listed in the Company’s Order Execution Policy. NAGA may place the client order outside of an Exchange if this satisfies our Order Execution Policy. By accepting this Agreement, the client agrees to NAGA entering into transactions on his/her behalf outside a regulated market. 12.13. To ensure the execution of Client’s order, NAGA may aggregate orders received from its Clients. Aggregation means that we may combine your order with those of other clients of ours for execution as a single order. We may combine clients’ order to deal with those of other clients if NAGA reasonably believe that this is in the overall best interests of its clients as a whole. 12.14. The Client acknowledges that NAGA is not obligated to notify the client or arrange attendance at any annual general meetings or extraordinary general meetings applicable to his/her Real Stocks, and/or arrange the exercise of any voting rights attaching to the Real Stocks NAGA holds on behalf of the client, whether exercisable at an annual general meeting or otherwise. 12.15. The Client agrees that since the Company will hold his/her Real Stocks in one or more pooled accounts, the client may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Real Stock were held in the client’s own name or not pooled. You should expect the dividend payment of such Real Stocks to be credited in your account once such payment is distributed by the issuer. 12.16. NAGA acknowledge its obligation to report the statement of the client’s financial instruments monthly, such statements will be provided through the accepted durable medium. Upon client’s request the client, NAGA shall provide the aforesaid statement on a more frequent basis at no cost.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
REAL STOCKS. 12.1. The Agreement sets out the terms under which you can trade “Real Stocks” using NAGA’ Website and/or Platform(s). Prior to the use of Real Stocks trading, kindly note that the trading of Real Stocks is not appropriate for everyone. By acknowledging the Terms of this Agreement, you fully understand such risks. The terms of this sections apply to trades in relation to:
12.1.1. Real Stock transactions made under leverage of 1; and
12.1.2. Social trading transactions, excluding ETFs transactions.
12.2. Without derogating from the generality of clause 10.1 above, the following transaction shall be classified as CFD’s transactions:
12.2.1. CFDs in Real Stocks transactions transaction with the leverage above 1:5 for Retail clients Clients and up toto 1:10 for Clients other than Retail Clients;
12.2.2. all short transactions; and
12.2.3. Social and 00.0.0.Xxxxxx trading transaction in ETFs.
12.3. By accepting the terms of the Agreement Agreement, the clients consent and acknowledge that all trading in Real Stocks shall be made within the Trading Platform and you will be unable to transfer the aforesaid instruments out of your account into your own name or another nominee.
12.4. The Client understands and acknowledges and consent that any Market Data presented in NAGA’s Website and/or Platform(s) will be provided or made accessible for convenience and information only solely to assist you to make your own investment decisions, decisions and does not amount to an investment advice. The data will therefore be provided to or made accessible to you without any liability, and you should not rely upon the market data in any way. In particular, any price quoted in the Market Data may differ from the execution price you actually obtain.
12.5. The Company in its sole discretion and option may decline to execute any order, for a variety of reasons, including, but not limited to, the size of an order, the market conditions, a violation of any applicable rules or regulations related to your orders, insufficient or inadequate securities or liquid funds in your Account.
12.6. The Client understands and acknowledges that there is no guarantee that his/her order will be filled in full or in part. Where a delay occurs for any reason, NAGA XXXX will attempt to execute the order as soon as reasonably practicable. The Client acknowledges and accepts that the market price of the Real Stock may have moved during the time between our receipt and acceptance of your order and our attempt to execute order. In these circumstances, the third- party who has provided the quotation to us is not obliged to honor the indicative price you have received and, if that is the case, we may reject your order. Such movements in price may be in your favor or against you.
12.7. The Client acknowledges that it may not be possible to cancel or modify an order. Any attempt to cancel or modify an order is simply a request to us to do so. NAGA is not liable to you if we are unable to cancel or modify an order. The Client understands and agrees that, if an order cannot be cancelled or modified, he/she is bound by any execution of the original order. The Client further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order or the execution of duplicate orders and that he/she shall be responsible for all such over-executions or duplications. If the Client enters a cancellation request, he/she agrees to confirm that the cancellation request has been affected prior to entering a replacement order.
12.8. The Client acknowledges that if he/she place an order (whether during normal market hours or when the market is closed), then he/she agrees to pay or receive the prevailing market price at the time your market order is executed. The Client understands that the price he/she pay may be significantly higher or lower than he/she had anticipated at the time you placed the order. To avoid paying a higher price and possibly exceeding his/her purchasing power or selling it at a lower price than he/she would like. The Client may choose to enter a Limit Order.
12.9. NAGA XXXX will inform the client accordingly if a Limit Order related to Real Stock admitted to trading on a regulated market cannot immediately be executed under prevailing market conditions, unless NAGA expressly agrees otherwise.
12.10. The Company agrees that if a Real Stock that the Client holds in his/her Account is likely to be delisted, the Company will promptly inform the Client accordingly.
12.11. The Client shall only sell Real Stocks held on his/her account. If the client will instruct NAGA to sell a Real Stock that he/she does not own at the time of the sale and that is not held on the account (“Short Transaction”), such instruction shall be an order of CFD transaction in that underlying asset, regardless of the leverage which varies across the client’s categorization and actual product traded.
12.12. The Client acknowledges that NAGA may deal through exchanges and a number of Market Makers, as listed in the Company’s Order Execution Policy. NAGA may place the client order outside of an Exchange if this satisfies our Order Execution Policy. By accepting this Agreement, the client agrees to NAGA entering into transactions on his/her behalf outside a regulated market.
12.13. To ensure the execution of Client’s order, NAGA may aggregate orders received from its Clients. Aggregation means that we may combine your order with those of other clients of ours for execution as a single order. We may combine clients’ order to deal with those of other clients if NAGA reasonably believe that this is in the overall best interests of its clients as a whole.
12.14. The Client acknowledges that NAGA is not obligated to notify the client or arrange attendance at any annual general meetings or extraordinary general meetings applicable to his/her Real Stocks, and/or arrange the exercise of any voting rights attaching to the Real Stocks NAGA holds on behalf of the client, whether exercisable at an annual general meeting or otherwise.
12.15. The Client agrees that since the Company will hold his/her Real Stocks in one or more pooled accounts, the client may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Real Stock were held in the client’s own name or not pooled. You should expect the dividend payment of such Real Stocks to be credited in your account once such payment is distributed by the issuer.
12.16. NAGA acknowledge acknowledges its obligation to report the statement of the client’s financial instruments monthly, such statements will be provided through the accepted durable medium. Upon client’s request the client, NAGA shall provide the aforesaid statement on a more frequent basis at no cost.
12.17. The Client acknowledges the risks involved in the trading activity of CFDs and investment in real stocks, using the same account. Trading and investment using the same account increases the risk in invested capital and in the accumulated margin calculation. Client should not invest funds that cannot afford to lose. If a Client choose to enter into a business relationship with NAGA, it is important that he remains aware of the risks involved, that he has adequate financial resources to bear such risks and that he monitor his positions carefully. The Client acknowledges that he is responsible to open and monitor separate accounts for trading in CFDs and investment in real stocks to minimize the risks.
Appears in 1 contract
Samples: Client Agreement
REAL STOCKS. 12.110.1. The Agreement sets out the terms under which you can trade “Real Stocks” using NAGA’ Website and/or Platform(s). Prior to the use of Real Stocks trading, kindly note that the trading of Real Stocks is not appropriate for everyone. By acknowledging the Terms of this Agreement, you fully understand such risks. The terms of this sections apply to trades in relation to:
12.1.110.1.1. Real Stock transactions made under leverage of 1; and
12.1.210.1.2. Social trading transactions, excluding ETFs transactions.
12.210.2. Without derogating from the generality of clause 10.1 above, the following transaction shall be classified as CFD’s transactions:shall
12.2.110.2.1. CFDs in Real Stocks transactions with leverage above 1:5 for Retail clients and up toto 1:10 for clients other than Retail Clients;
12.2.210.2.2. all short transactions; and
12.2.310.2.3. Social trading transaction in ETFs.
12.310.3. By accepting the terms of the Agreement the clients consent and acknowledge that all trading in Real Stocks shall be made within the Trading Platform and you will be unable to transfer the aforesaid instruments out of your account into your own name or another nominee.
12.410.4. The Client understands and acknowledges and consent that any Market Data presented in NAGA’s Website and/or Platform(s) will be provided or made accessible for convenience and information only solely to assist you to make your own investment decisions, and does not amount to an investment advice. The data will therefore be provided or made accessible to you without any liability, and you should not rely upon the market data in any way. In particular, any price quoted in the Market Data may differ from the execution price you actually obtain.to
12.510.5. The Company in its sole discretion and option may decline to execute any order, for a variety of reasons, including, but not limited to, the size of an order, the market conditions, a violation of any applicable rules or regulations related to your orders, insufficient or inadequate securities or liquid funds in your Account.
12.610.6. The Client understands and acknowledges that there is no guarantee that his/her order will be filled in full or in part. Where a delay occurs for any reason, NAGA XXXX will attempt to execute the order as soon as reasonably practicable. The Client acknowledges and accepts that the market price of the Real Stock may have moved during the time between our receipt and acceptance of your order and our attempt to execute order. In these circumstances, the third- party who has provided the quotation to us is not obliged to honor the indicative price you have received and, if that is the case, we may reject your order. Such movements in price may be in your favor or against you.
12.710.7. The Client acknowledges that it may not be possible to cancel or modify an order. Any attempt to cancel or modify an order is simply a request to us to do so. NAGA is not liable to you if we are unable to cancel or modify an order. The Client understands and agrees that, if an order cannot be cancelled or modified, he/she is bound by any execution of the original order. The Client further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order or the execution of duplicate orders and that he/she shall be responsible for all such over-executions or duplications. If the Client enters a cancellation request, he/she agrees to confirm that the cancellation request has been affected prior to entering a replacement order.
12.810.8. The Client acknowledges that if he/she place an order (whether during normal market hours or when the market is closed), then he/she agrees to pay or receive the prevailing market price at the time your market order is executed. The Client understands that the price he/she pay may be significantly higher or lower than he/she had anticipated at the time you placed the order. To avoid paying a higher price and possibly exceeding his/her purchasing power or selling it at a lower price than he/she would like. The Client may choose to enter a Limit Order.
12.910.9. NAGA XXXX will inform the client accordingly if a Limit Order related to Real Stock admitted to trading on a regulated market cannot immediately be executed under prevailing market conditions, unless NAGA expressly agrees otherwise.
12.1010.10. The Company agrees that if a Real Stock that the Client holds in his/her Account is likely to be delisted, the Company will promptly inform the Client accordingly.
12.1110.11. The Client shall only sell Real Stocks held on his/her account. If the client will instruct NAGA to sell a Real Stock that he/she does not own at the time of the sale and that is not held on the account (“Short Transaction”), such instruction shall be an order of CFD transaction in that underlying asset, regardless of the leverage which varies across the client’s categorization and actual product traded.
12.1210.12. The Client acknowledges that NAGA may deal through exchanges and a number of Market Makers, as listed in the Company’s Order Execution Policy. NAGA may place the client order outside of an Exchange if this satisfies our Order Execution Policy. By accepting this Agreement, the client agrees to NAGA entering into transactions on his/her behalf outside a regulated market.
12.1310.13. To ensure the execution of Client’s order, NAGA may aggregate orders received from its Clients. Aggregation means that we may combine your order with those of other clients of ours for execution as a single order. We may combine clients’ order to deal with those of other clients if NAGA reasonably believe that this is in the overall best interests of its clients as a whole.
12.1410.14. The Client acknowledges that NAGA is not obligated to notify the client or arrange attendance at any annual general meetings or extraordinary general meetings applicable to his/her Real Stocks, and/or arrange the exercise of any voting rights attaching to the Real Stocks NAGA holds on behalf of the client, whether exercisable at an annual general meeting or otherwise.
12.1510.15. The Client agrees that since the Company will hold his/her Real Stocks in one or more pooled accounts, the client may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Real Stock were held in the client’s own name or not pooled. You should expect the dividend payment of such Real Stocks to be credited in your account once such payment is distributed by the issuer.
12.1610.16. NAGA acknowledge its obligation to report the statement of the client’s financial instruments monthly, such statements will be provided through the accepted durable medium. Upon client’s request the client, NAGA shall provide the aforesaid statement on a more frequent basis at no cost.instruments
Appears in 1 contract
Samples: Client Agreement
REAL STOCKS. 12.111.1. The Agreement sets out the terms under which you can trade “Real Stocks” using NAGA’ Website and/or Platform(s). Prior to the use of Real Stocks trading, kindly note that the trading of Real Stocks is not appropriate for everyone. By acknowledging the Terms of this Agreement, you fully understand such risks. The terms of this sections apply to trades in relation to:
12.1.111.1.1. Real Stock transactions made under leverage of 1; and
12.1.211.1.2. Social trading transactions, excluding ETFs transactions.
12.211.2. Without derogating from the generality of clause 10.1 above, the following transaction shall be classified as CFD’s transactions:
12.2.111.2.1. CFDs in Real Stocks transactions with leverage above 1:5 for Retail clients and up to
12.2.211.2.2. all short transactions; and
12.2.311.2.3. Social trading transaction in ETFs.
12.311.3. By accepting the terms of the Agreement the clients consent and acknowledge that all trading in Real Stocks shall be made within the Trading Platform and you will be unable to transfer the aforesaid instruments out of your account into your own name or another nominee.
12.411.4. The Client understands and acknowledges and consent that any Market Data presented in NAGA’s Website and/or Platform(s) will be provided or made accessible for convenience and information only solely to assist you to make your own investment decisions, and does not amount to an investment advice. The data will therefore be provided or made accessible to you without any liability, and you should not rely upon the market data in any way. In particular, any price quoted in the Market Data may differ from the execution price you actually obtain.
12.511.5. The Company in its sole discretion and option may decline to execute any order, for a variety of reasons, including, but not limited to, the size of an order, the market conditions, a violation of any applicable rules or regulations related to your orders, insufficient or inadequate securities or liquid funds in your Account.
12.611.6. The Client understands and acknowledges that there is no guarantee that his/her order will be filled in full or in part. Where a delay occurs for any reason, NAGA will attempt to execute the order as soon as reasonably practicable. The Client acknowledges and accepts that the market price of the Real Stock may have moved during the time between our receipt and acceptance of your order and our attempt to execute order. In these circumstances, the third- party who has provided the quotation to us is not obliged to honor the indicative price you have received and, if that is the case, we may reject your order. Such movements in price may be in your favor or against you.
12.711.7. The Client acknowledges that it may not be possible to cancel or modify an order. Any attempt to cancel or modify an order is simply a request to us to do so. NAGA is not liable to you if we are unable to cancel or modify an order. The Client understands and agrees that, if an order cannot be cancelled or modified, he/she is bound by any execution of the original order. The Client further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order or the execution of duplicate orders and that he/she shall be responsible for all such over-executions or duplications. If the Client enters a cancellation request, he/she agrees to confirm that the cancellation request has been affected prior to entering a replacement order.to
12.811.8. The Client acknowledges that if he/she place an order (whether during normal market hours or when the market is closed), then he/she agrees to pay or receive the prevailing market price at the time your market order is executed. The Client understands that the price he/she pay may be significantly higher or lower than he/she had anticipated at the time you placed the order. To avoid paying a higher price and possibly exceeding his/her purchasing power or selling it at a lower price than he/she would like. The Client may choose to enter a Limit Order.
12.911.9. NAGA will inform the client accordingly if a Limit Order related to Real Stock admitted to trading on a regulated market cannot immediately be executed under prevailing market conditions, unless NAGA expressly agrees otherwise.
12.1011.10. The Company agrees that if a Real Stock that the Client holds in his/her Account is likely to be delisted, the Company will promptly inform the Client accordingly.
12.1111.11. The Client shall only sell Real Stocks held on his/her account. If the client will instruct NAGA to sell a Real Stock that he/she does not own at the time of the sale and that is not held on the account (“Short Transaction”), such instruction shall be an order of CFD transaction in that underlying asset, regardless of the leverage which varies across the client’s categorization and actual product traded.
12.1211.12. The Client acknowledges that NAGA may deal through exchanges and a number of Market Makers, as listed in the Company’s Order Execution Policy. NAGA may place the client order outside of an Exchange if this satisfies our Order Execution Policy. By accepting this Agreement, the client agrees to NAGA entering into transactions on his/her behalf outside a regulated market.
12.1311.13. To ensure the execution of Client’s order, NAGA may aggregate orders received from its Clients. Aggregation means that we may combine your order with those of other clients of ours for execution as a single order. We may combine clients’ order to deal with those of other clients if NAGA reasonably believe that this is in the overall best interests of its clients as a whole.
12.1411.14. The Client acknowledges that NAGA is not obligated to notify the client or arrange attendance at any annual general meetings or extraordinary general meetings applicable to his/her Real Stocks, and/or arrange the exercise of any voting rights attaching to the Real Stocks NAGA holds on behalf of the client, whether exercisable at an annual general meeting or otherwise.
12.1511.15. The Client agrees that since the Company will hold his/her Real Stocks in one or more pooled accounts, the client may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Real Stock were held in the client’s own name or not pooled. You should expect the dividend payment of such Real Stocks to be credited in your account once such payment is distributed by the issuer.
12.1611.16. NAGA acknowledge its obligation to report the statement of the client’s financial instruments monthly, such statements will be provided through the accepted durable medium. Upon client’s request the client, NAGA shall provide the aforesaid statement on a more frequent basis at no cost.instruments
Appears in 1 contract
Samples: Client Agreement
REAL STOCKS. 12.1
10.1. The Agreement sets out the terms under which you can trade “Real Stocks” using NAGA’ Website and/or Platform(s). Prior to the use of Real Stocks trading, kindly note that the trading of Real Stocks is not appropriate for everyone. By acknowledging the Terms of this Agreement, you fully understand such risks. The terms of this sections apply to trades in relation to:
12.1.110.1.1. Real Stock transactions made under leverage of 1; and
12.1.210.1.2. Social trading transactions, excluding ETFs transactions.
12.210.2. Without derogating from the generality of clause 10.1 above, the following transaction shall be classified as CFD’s transactions:
12.2.110.2.1. CFDs in Real Stocks transactions with leverage above 1:5 for Retail clients and up toto 1:10 for clients other than Retail Clients;
12.2.210.2.2. all short transactions; and
12.2.310.2.3. Social trading transaction in ETFs.
12.310.3. By accepting the terms of the Agreement the clients consent and acknowledge that all trading in Real Stocks shall be made within the Trading Platform and you will be unable to transfer the aforesaid instruments out of your account into your own name or another nominee.
12.410.4. The Client understands and acknowledges and consent that any Market Data presented in NAGA’s Website and/or Platform(s) will be provided or made accessible for convenience and information only solely to assist you to make your own investment decisions, and does not amount to an investment advice. The data will therefore be provided or made accessible to you without any liability, liability and you should not rely upon the market data in any way. In particular, any price quoted in the Market Data may differ from the execution price you actually obtain.
12.510.5. The Company in its sole discretion and option may decline to execute any order, for a variety of reasons, including, but not limited to, the size of an order, the market conditions, a violation of any applicable rules or regulations related to your orders, insufficient or inadequate securities or liquid funds in your Account.
12.610.6. The Client understands and acknowledges that there is no guarantee that his/her order will be filled in full or in part. Where a delay occurs for any reason, NAGA XXXX will attempt to execute the order as soon as reasonably practicable. The Client acknowledges and accepts that the market price of the Real Stock may have moved during the time between our receipt and acceptance of your order and our attempt to execute order. In these circumstances, the third- party who has provided the quotation to us is not obliged to honor the indicative price you have received and, if that is the case, we may reject your order. Such movements in price may be in your favor or against you.
12.710.7. The Client acknowledges that it may not be possible to cancel or modify an order. Any attempt to cancel or modify an order is simply a request to us to do so. NAGA is not liable to you if we are unable to cancel or modify an order. The Client understands and agrees that, if an order cannot be cancelled or modified, he/she is bound by any execution of the original order. The Client further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order or the execution of duplicate orders and that he/she shall be responsible for all such over-executions or duplications. If the Client enters a cancellation request, he/she agrees to confirm that the cancellation request has been affected prior to entering a replacement order.
12.810.8. The Client acknowledges that if he/she place an order (whether during normal market hours or when the market is closed), then he/she agrees to pay or receive the prevailing market price at the time your market order is executed. The Client understands that the price he/she pay may be significantly higher or lower than he/she had anticipated at the time you placed the order. To avoid paying a higher price and possibly exceeding his/her purchasing power or selling it at a lower price than he/she would like. The Client may choose to enter a Limit Order.
12.910.9. NAGA XXXX will inform the client accordingly if a Limit Order related to Real Stock admitted to trading on a regulated market cannot immediately be executed under prevailing market conditions, unless NAGA expressly agrees otherwise.
12.1010.10. The Company agrees that if a Real Stock that the Client holds in his/her Account is likely to be delisted, the Company will promptly inform the Client accordingly.
12.1110.11. The Client shall only sell Real Stocks held on his/her account. If the client will instruct NAGA to sell a Real Stock that he/she does not own at the time of the sale and that is not held on the account (“Short Transaction”), such instruction shall be an order of CFD transaction in that underlying asset, regardless of the leverage which varies across the client’s categorization and actual product traded.
12.1210.12. The Client acknowledges that NAGA may deal through exchanges and a number of Market Makers, as listed in the Company’s Order Execution Policy. NAGA may place the client order outside of an Exchange if this satisfies our Order Execution Policy. By accepting this Agreement, the client agrees to NAGA entering into transactions on his/her behalf outside a regulated market.
12.1310.13. To ensure the execution of Client’s order, NAGA may aggregate orders received from its Clients. Aggregation means that we may combine your order with those of other clients of ours for execution as a single order. We may combine clients’ order to deal with those of other clients if NAGA reasonably believe that this is in the overall best interests of its clients as a whole.
12.1410.14. The Client acknowledges that NAGA is not obligated to notify the client or arrange attendance at any annual general meetings or extraordinary general meetings applicable to his/her Real Stocks, and/or arrange the exercise of any voting rights attaching to the Real Stocks NAGA holds on behalf of the client, whether exercisable at an annual general meeting or otherwise.
12.1510.15. The Client agrees that since the Company will hold his/her Real Stocks in one or more pooled accounts, the client may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Real Stock were held in the client’s own name or not pooled. You should expect the dividend payment of such Real Stocks to be credited in your account once such payment is distributed by the issuer.has
12.1610.16. NAGA acknowledge its obligation to report the statement of the client’s financial instruments monthlyon a monthly basis, such statements will be provided through the accepted durable medium. Upon client’s request the client, NAGA shall provide the aforesaid statement on a more frequent basis at no cost.
Appears in 1 contract
Samples: Client Agreement
REAL STOCKS. 12.110.1. The Agreement sets out the terms under which you can trade “Real Stocks” using NAGA’ Website and/or Platform(s). Prior to the use of Real Stocks trading, kindly note that the trading of Real Stocks is not appropriate for everyone. By acknowledging the Terms of this Agreement, you fully understand such risks. The terms of this sections apply to trades in relation to:
12.1.110.1.1. Real Stock transactions made under leverage of 1; and
12.1.210.1.2. Social trading transactions, excluding ETFs transactions.
12.210.2. Without derogating from the generality of clause 10.1 above, the following transaction shall be classified as CFD’s transactions:shall
12.2.110.2.1. CFDs in Real Stocks transactions with leverage above 1:5 for Retail clients and up toto 1:10 for clients other than Retail Clients;
12.2.210.2.2. all short transactions; and
12.2.310.2.3. Social trading transaction in ETFs.
12.310.3. By accepting the terms of the Agreement the clients consent and acknowledge that all trading in Real Stocks shall be made within the Trading Platform and you will be unable to transfer the aforesaid instruments out of your account into your own name or another nominee.
12.410.4. The Client understands and acknowledges and consent that any Market Data presented in NAGA’s Website and/or Platform(s) will be provided or made accessible for convenience and information only solely to assist you to make your own investment decisions, and does not amount to an investment advice. The data will therefore be provided or made accessible to you without any liability, and you should not rely upon the market data in any way. In particular, any price quoted in the Market Data may differ from the execution price you actually obtain.and
12.510.5. The Company in its sole discretion and option may decline to execute any order, for a variety of reasons, including, but not limited to, the size of an order, the market conditions, a violation of any applicable rules or regulations related to your orders, insufficient or inadequate securities or liquid funds in your Account.
12.610.6. The Client understands and acknowledges that there is no guarantee that his/her order will be filled in full or in part. Where a delay occurs for any reason, NAGA XXXX will attempt to execute the order as soon as reasonably practicable. The Client acknowledges and accepts that the market price of the Real Stock may have moved during the time between our receipt and acceptance of your order and our attempt to execute order. In these circumstances, the third- party who has provided the quotation to us is not obliged to honor the indicative price you have received and, if that is the case, we may reject your order. Such movements in price may be in your favor or against you.
12.710.7. The Client acknowledges that it may not be possible to cancel or modify an order. Any attempt to cancel or modify an order is simply a request to us to do so. NAGA is not liable to you if we are unable to cancel or modify an order. The Client understands and agrees that, if an order cannot be cancelled or modified, he/she is bound by any execution of the original order. The Client further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order or the execution of duplicate orders and that he/she shall be responsible for all such over-executions or duplications. If the Client enters a cancellation request, he/she agrees to confirm that the cancellation request has been affected prior to entering a replacement order.
12.810.8. The Client acknowledges that if he/she place an order (whether during normal market hours or when the market is closed), then he/she agrees to pay or receive the prevailing market price at the time your market order is executed. The Client understands that the price he/she pay may be significantly higher or lower than he/she had anticipated at the time you placed the order. To avoid paying a higher price and possibly exceeding his/her purchasing power or selling it at a lower price than he/she would like. The Client may choose to enter a Limit Order.
12.910.9. NAGA XXXX will inform the client accordingly if a Limit Order related to Real Stock admitted to trading on a regulated market cannot immediately be executed under prevailing market conditions, unless NAGA expressly agrees otherwise.
12.1010.10. The Company agrees that if a Real Stock that the Client holds in his/her Account is likely to be delisted, the Company will promptly inform the Client accordingly.
12.1110.11. The Client shall only sell Real Stocks held on his/her account. If the client will instruct NAGA to sell a Real Stock that he/she does not own at the time of the sale and that is not held on the account (“Short Transaction”), such instruction shall be an order of CFD transaction in that underlying asset, regardless of the leverage which varies across the client’s categorization and actual product traded.
12.1210.12. The Client acknowledges that NAGA may deal through exchanges and a number of Market Makers, as listed in the Company’s Order Execution Policy. NAGA may place the client order outside of an Exchange if this satisfies our Order Execution Policy. By accepting this Agreement, the client agrees to NAGA entering into transactions on his/her behalf outside a regulated market.
12.1310.13. To ensure the execution of Client’s order, NAGA may aggregate orders received from its Clients. Aggregation means that we may combine your order with those of other clients of ours for execution as a single order. We may combine clients’ order to deal with those of other clients if NAGA reasonably believe that this is in the overall best interests of its clients as a whole.
12.1410.14. The Client acknowledges that NAGA is not obligated to notify the client or arrange attendance at any annual general meetings or extraordinary general meetings applicable to his/her Real Stocks, and/or arrange the exercise of any voting rights attaching to the Real Stocks NAGA holds on behalf of the client, whether exercisable at an annual general meeting or otherwise.
12.1510.15. The Client agrees that since the Company will hold his/her Real Stocks in one or more pooled accounts, the client may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Real Stock were held in the client’s own name or not pooled. You should expect the dividend payment of such Real Stocks to be credited in your account once such payment is distributed by the issuer.
12.1610.16. NAGA acknowledge its obligation to report the statement of the client’s financial instruments monthly, such statements will be provided through the accepted durable medium. Upon client’s request the client, NAGA shall provide the aforesaid statement on a more frequent basis at no cost.instruments
Appears in 1 contract
Samples: Client Agreement
