Common use of Settlement, Payments, Costs and Taxes Clause in Contracts

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 8 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 6 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.518.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.618.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.718.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.818.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.918.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.1018.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1118.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 21.1 Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 21.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 21.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 21.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 21.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. 21.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 21.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. 21.7 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 21.8 Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 21.9 The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 21.10 The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 21.11 The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 21.12 The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), xxxx-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; orTransaction;or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the TransactiontheTransaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.7. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.8. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.9. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amountsto. 19.10. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.11. The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. The Client is responsible to check for updates regularly. 19.12. In promoting and marketing our services, we may engage affiliates. The activities of such affiliates are solely to introduce you as potential client to us. They are not permitted to offer any form of investment advice, legal advice, inducement, recommendation or portfolio management to you or to handle any of your funds or cash. the Client acknowledges that the Company is not responsible or accountable for the conduct and/or representations of the Affiliate and the Company is not bound by any separate agreements entered into between the Client and the Affiliate 19.13. The Client acknowledges and confirms that his agreement or relationship with Affiliates may result in additional costs, since the Company may be obliged to pay commission to the Affiliates. All commissions paid to Affiliates are paid by way of a one-off payment. 19.14. Further information of such third-party Affiliate and inducement fees shall be disclosed to upon a written request made by you to us. 19.15. Please note that payments towards the Affiliates will only be made where we are satisfied that such payments do not impair our obligation to act in the best interests of our Client. 19.16. The information on all our costs and charges, including all costs and charges in connection to both investment and ancillary services the Company provides which are not caused by the occurrence of underlying market risk, shall be aggregated ,and expressed as both cash amount and percentage, by the Company to allow the Client to understand the overall cost as well as the cumulative effect on return of the investment, and at the Client’s request, an itemised breakdown of the foregoing will be provided. Where applicable, such information shall be provided to the Client on a regular basis and at least annually. Please refer to our General Fees document to see the updated information on our costs and charges 19.17. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.518.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.618.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.718.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying carrying out of the Transactions under this Agreement. 18.818.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunderon our Website. In addition, the Company reserves the right to charge Commissions commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s a prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.918.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)Website. 18.1018.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 24.7 of this Client Agreement. 18.1118.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.7. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.8. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.9. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.10. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.11. The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.1‌ 19.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.6. It is hereby clarified that Costs and Charges applicable to your account will be provided to you in relation to CFD tradinggood faith, agreed with you are required to pay before entering into any transaction and will be shown on the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs statement available in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amountsTrading Account. 18.919.7. The applicable fees or Further information in respect to costs and charges or commissions, from time to time, may be found are provided on the Company’s Website at (Click here)as well as within the Agreement. Any alteration to charges will be notified to you before the time of the change via the Company’s Trading Account or email declared during the registration procedure. 18.1019.8. The Company has the right is in a position to vary its fees, provide you with an itemized breakdown of costs and charges and commissions from time to time according upon your request. The respective request should be addressed to the provisions of paragraph 23.7 of this Agreementxxxxxxx@xxxxxxxxxxxx.xxx. 18.1119.9. Should your country of residence operate regulations or laws which restrict The following costs and charges are applicable when trading CFDs on the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.available underlying assets:

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.518.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.618.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.718.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.818.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.918.8. The applicable fees or charges feesorcharges or commissions, from time to time, may be maybe found on the Company’s Website at (Click here). 18.1018.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1118.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting fulfill anyreporting obligations or obtain orobtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : a) You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b) You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.XxxxxxxXxxxxx.xxx. 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.xxxxxxxxxxxxxx.xx . 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. (i) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. (i) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct maydeduct tax, as may be maybe required by the bythe applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), xxxx-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.117.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.217.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 paragraph 17.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.417.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. Additionally, you acknowledge and agree that the Company may apply certain processing fees that amount to 10% (ten percent) of the total deposited funds on your trading account with the Company (the “processing fees”). The processing fees shall be deducted by the client’s account solely in the case where the Company has assessed and verified that the concerned client has violated these Terms & Conditions, and the Company has proceeded with a closure of the client’s trading account with the Company. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.617.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.717.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.817.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.917.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxxxx://xxx.xxxxx.xxx/start-trading/trading-fees#/ . 18.1017.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 20 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.126.1. Upon completing a Transaction: - You : 26.1.1. The Client shall be liable for the Difference if the Transaction is: i. 26.1.1.1. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii26.1.1.2. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 26.1.2. - You The Client shall receive the Difference if the Transaction is: i. 26.1.2.1. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii26.1.2.2. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.226.2. Unless we agree agreed otherwise, all sums for which either Party is liable under paragraph 18.1 26.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You The Client hereby authorise us authorises the Company to debit or credit your the Client’s Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place the Client places an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.326.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you the Client complete on the Trading Platform. It is your the Clients obligation alone to calculate and pay all taxes applicable to you the Client in your the Client’s country of residence, or otherwise arising as a result of your the Client’s trading activity from the use of the Trading Platform. 18.526.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you the Client such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.626.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are the Client is liable and which are neither paid via us nor imposed by usthe Company. Without derogating from your the Client’s t sole and entire responsibility to account for tax due, you agree the Client agrees that we the Company may deduct tax, as may be required by the applicable law, with respect to your the Client’s t trading activity on the Trading Platform. You are The Client is aware that we have the Company has a right of set-off against any amounts in your the Client’s the Client’s Trading Account with respect to such tax deductions, and you the Client hereby authorise us authorizes the Company to withdraw amounts from your the Client’s Trading Account with which to pay such taxes. You The Client shall have no claim against us the Company with regard to such deductions. You The Client further agree agrees that such deductions do not derogate from our the Company’s rights to make Margin Calls under this Agreement. 18.726.6. You undertake The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.826.7. It is hereby clarified that in relation to CFD trading, you are the Client is required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph Paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.926.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)Website. 18.1026.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 Paragraph 21.7 of this Client Agreement. 18.1126.10. Should your the Client’s country of residence operate regulations or laws which restrict the use of currency or require you the Client to report receipts and payments of that currency to a regulator or legal authority, you agree The Client agrees that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your the Client’s use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a a) Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. b) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. b) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable liable, and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxx.xxxxxxxxxx.xxx 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 21.1 Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 21.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 21.1 above in this Agreement Client Agreement, are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence hence, shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 21.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 21.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with the applicable law. 18.6. 21.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 21.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. 21.7 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 21.8 Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring 21.9 The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 21.10 The Company does not charge any maintenance fees to the client. 21.11 The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 21.12 The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You : x. Xxx shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.7. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.8. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), xxxx- up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.9. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.10. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.11. The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - B You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. (i) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - B You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. (i) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, may be ap found on the Company’s Website at (Click here)Website. Company may vary will send a Written Notice to the Client informing of any changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and overnight fee(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected Authorised and regulated by the Company against negative account balances Cyprus Securities and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account.Exchange Commission under License number 343/17 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.919.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.xxxxx.xxx . 18.1019.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 24.5 of this Client Agreement. 18.1119.9. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1Exclusive Change Capital Ltd is licensed and regulated by Cyprus securities and Exchange Commission (CySEC) under license number: CIF 330/17 Address: 00 Xxxxx Xxxxxx, Xxxxxx X0, Xxxxxxxx, 0000 Xxxxxxxx, Xxxxxx Tel: +000 00 000000 Fax: +000 00 000000 email: xxxx@xxxxxxxxxxxxxxxx.xxx 19.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts.. Exclusive Change Capital Ltd is licensed and regulated by Cyprus securities and Exchange Commission (CySEC) under license number: CIF 330/17 Address: 00 Xxxxx Xxxxxx, Xxxxxx X0, Xxxxxxxx, 0000 Xxxxxxxx, Xxxxxx Tel: +000 00 000000 Fax: +000 00 000000 email: xxxx@xxxxxxxxxxxxxxxx.xxx 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxxxx://xxxxxxxxxxxxxxxx.xxx 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable liable, and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxx.xxxxxxxxxxx.xxx 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.116.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.216.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 16.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.416.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.616.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.716.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.816.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.916.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)trading fees. 18.1016.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 20 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.116.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.216.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 16.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.416.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. Additionally, you acknowledge and agree that the Company may apply certain processing fees that amount to 10% (ten percent) of the total deposited funds on your trading account with the Company (the “processing fees”). The processing fees shall be deducted by the client’s account solely in the case where the Company has assessed and verified that the concerned client has violated these Terms & Conditions, and the Company has proceeded with a closure of the client’s trading account with the Company. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.616.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.716.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.816.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.916.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxxxx://xxx.xxxxx.xxx/start-trading/trading-fees#/ . 18.1016.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 20 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 21.1 Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 21.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 21.1 above in this Agreement Client Agreement, are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence hence, shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 21.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 21.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with the applicable law. 18.6. 21.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 21.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. 21.7 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that 21.8 Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 21.9 The Client should note that you will fulfil not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 21.10 The Company does not charge any reporting obligations or obtain maintenance fees to the client. 21.11 The Company reserves the right to change, from time to time, any required consents or approvals which may arise as a result of your use of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 21.12 The Client should note that any applicable charges shall be instantly deducted from his/her Trading Platform or associated transactionsAccount(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable liable, and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxx.xxxxxxxxxxx.xxx 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.116.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.216.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 16.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.416.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.616.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.716.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.816.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.916.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxxx.xxxxx.xxx . 18.1016.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 20 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : 19.1.1. You shall be liable for the Difference if the Transaction is: i. 19.1.1.1. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii19.1.1.2. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 19.1.2. - You shall receive the Difference if the Transaction is: i. 19.1.2.1. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii19.1.2.2. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy immediately payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable liable, and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-set off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and overnight fee(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 22.1 Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or; ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or; ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 22.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 22.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 22.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 22.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. 22.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 22.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. 22.7 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 22.8 Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 22.9 The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 22.10 The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee may depend on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 22.11 The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 22.12 The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), xxxx-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. (i) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. : - a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. or - a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. : - a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. or - a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)Website. 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

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Settlement, Payments, Costs and Taxes. 18.120.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.220.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 20.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.420.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.520.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.620.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.720.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.820.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.920.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxxxx://xxxxxxxxxxxxxxxx.xxx 18.1020.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1120.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.117.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.217.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 Clause 17.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.417.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. Additionally, you acknowledge and agree that the Company may apply certain processing fees that amount to 10% (ten percent) of the total deposited funds on your trading account with the Company (the “processing fees”). The processing fees shall be deducted by the client’s account solely in the case where the Company has assessed and verified that the concerned client has violated these Terms & Conditions, and the Company has proceeded with a closure of the client’s trading account with the Company. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.617.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.717.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.817.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph Clause 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.917.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxxxx://xx.xxxxx.xxx/start-trading/trading-fees#/ . 18.1017.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 Clause 21 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Account assuming that the Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; orTransaction;or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the TransactiontheTransaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.7. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.8. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.9. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amountsto. 19.10. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.11. The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. The Client is responsible to check for updates regularly. 19.12. In promoting and marketing our services, we may engage affiliates. The activities of such affiliates are solely to introduce you as potential client to us. They are not permitted to offer any form of investment advice, legal advice, inducement, recommendation or portfolio management to you or to handle any of your funds or cash. the Client acknowledges that the Company is not responsible or accountable for the conduct and/or representations of the Affiliate and the Company is not bound by any separate agreements entered into between the Client and the Affiliate 19.13. The Client acknowledges and confirms that his agreement or relationship with Affiliates may result in additional costs, since the Company may be obliged to pay commission to the Affiliates. All commissions paid to Affiliates are paid by way of a one-off payment. 19.14. Further information of such third-party Affiliate and inducement fees shall be disclosed to upon a written request made by you to us. 19.15. Please note that payments towards the Affiliates will only be made where we are satisfied that such payments do not impair our obligation to act in the best interests of our Client. 19.16. The information on all our costs and charges, including all costs and charges in connection to both investment and ancillary services the Company provides which are not caused by the occurrence of underlying market risk, shall be aggregated ,and expressed as both cash amount and percentage, by the Company to allow the Client to understand the overall cost as well as the cumulative effect on return of the investment, and at the Client’s request, an itemised breakdown of the foregoing will be provided. Where applicable, such information shall be provided to the Client on a regular basis and at least annually. Please refer to our General Fees document to see the updated information on our costsand charges 19.17. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (I) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark- up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 19.1 Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. i a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. or ii a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. : i a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. or ii a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 19.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 19.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 19.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. 19.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off setoff against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 19.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. 19.7 It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. 19.8 The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxxxx://xxxxx.xxx/ 18.10. 19.9 The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.11. 19.10 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : (a) You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . (b) You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal.paragraph 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-set- off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts.paragraph 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).xxx.xxxxxxxxxxx.xxx 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.required

Appears in 1 contract

Samples: Clients’ Agreement

Settlement, Payments, Costs and Taxes. 18.116.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.216.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 16.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.416.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.616.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.716.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.816.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. xxx.xxxx.xxxxx.xxx . 18.916.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here).Website 18.1016.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 20 of this Client Agreement. 18.11. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed executed, and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable liable, and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.919.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.xxxxxxxxx.xx. 18.1019.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 25.7 of this Client Agreement. 18.1119.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.7. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.8. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). The client will be informed ex-ante and ex-post about the costs and associated charged related to trading in CFDs as provided by Applicable Regulations. 19.9. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.10. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website General Fees document.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.113.1. Upon completing a Transaction: - · You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - · You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.213.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 13.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.413.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.513.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.613.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.713.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.813.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.913.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)Website. 18.1013.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Client Agreement. 18.1113.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 paragraph 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.4. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor usnor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.5. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.6. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may also be charged either in the form of a percentage of the overall value of the trade or as fixed amountscharged. 18.919.7. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.xxxxxxxxxxxx.xxx . 18.1019.8. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 24.5 of this Client Agreement. 18.1119.9. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; orTransaction;or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the TransactiontheTransaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.1119.7. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.8. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.9. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amountsto. 19.10. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found in the General Fees document . 19.11. The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. The Client is responsible to check for updates regularly. 19.12. In promoting and marketing our services, we may engage affiliates. The activities of such affiliates are solely to introduce you as potential client to us. They are not permitted to offer any form of investment advice, legal advice, inducement, recommendation or portfolio management to you or to handle any of your funds or cash. the Client acknowledges that the Company is not responsible or accountable for the conduct and/or representations of the Affiliate and the Company is not bound by any separate agreements entered into between the Client and the Affiliate. 19.13. The Client acknowledges and confirms that his agreement or relationship with Affiliates may result in additional costs, since the Company may be obliged to pay commission to the Affiliates. All commissions paid to Affiliates are paid by way of a one- off payment. 19.14. Further information of such third-party Affiliate and inducement fees shall be disclosed to upon a written request made by you to us. 19.15. Please note that payments towards the Affiliates will only be made where we are satisfied that such payments do not impair our obligation to act in the best interests of our Client. 19.16. The information on all our costs and charges, including all costs and charges in connection to both investment and ancillary services the Company provides which are not caused by the occurrence of underlying market risk, shall be aggregated ,and expressed as both cash amount and percentage, by the Company to allow the Client to understand the overall cost as well as the cumulative effect on return of the investment, and at the Client’s request, an itemised breakdown of the foregoing will be provided. Where applicable, such information shall be provided to the Client on a regular basis and at least annually. Please refer to our General Fees document to see the updated information on our costs andcharges 19.17. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.15.4.1. Upon completing a Transactiontransaction: - You shall may be liable for the Difference difference if the Transaction transaction is: i. a Sell, and the closing price of the Transaction transaction is higher than the opening price of the Transactiontransaction; or ii. a Buy, and the closing price of the Transaction transaction is lower than the opening price of the Transactiontransaction. - You shall may receive the Difference difference if the Transaction transaction is: i. a Sell, and the closing price of the Transaction transaction is lower than the opening price of the Transactiontransaction; or ii. a Buy, and the closing price of the Transaction transaction is higher than the opening price of the Transactiontransaction. 18.25.4.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Agreement for are immediacy immediately payable upon closing of the Transactiontransaction. You hereby authorise authorize us to debit or credit your Trading Account trading account with the relevant sums at the closing of each Transactiontransaction. It is understood that once you place an Orderorder, until such Order order is executed and the Transaction transaction is closed, the Maintenance Margin maintenance margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.45.4.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.55.4.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.65.4.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account trading account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account trading account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreementthese Terms. 18.75.4.6. You undertake to pay all stamp expenses relating to this Client Agreement and any documentation which may be required for the currying out of the Transactions transactions under this Agreementthese Terms. 18.85.4.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In additionTerms, the Company reserves difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one (1) month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. The Company has the right to may vary its fees, charges and commissions fees from time to time according time. The Company will send a written notice to the provisions Client informing them of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.115.4.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 5.4.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and swap(s). The Client is solely responsible for acquiring clarifications from the Company in relation to the above, if necessary. The Client should review all applicable charges, prior to entering into this Client Agreement with the Company.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1‌ 20.1. Upon completing a Transaction: - : a) You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b) You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.220.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.420.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.520.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.620.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.720.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.820.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A I hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.920.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xx.XxxxxxxXxxxxxxxx.xxx. 18.1020.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 24.7 of this Client Agreement. 18.1120.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.518.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.618.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.718.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.818.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.918.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.xxxxxx.xxx. 18.1018.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Client Agreement. 18.1118.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. Upon completing a Transaction: - · You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - · You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.518.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.618.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.718.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.818.7. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of the Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.918.8. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here)xxx.xxxxxx.xxx. 18.1018.9. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Client Agreement. 18.1118.10. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 21.1 Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 21.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 21.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 21.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 21.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. 21.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 21.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. 21.7 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 21.8 Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 21.9 The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 21.10 The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be fou nd on the Company’s Website. 21.11 The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 21.12 The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii. ) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions.

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.119.1. Upon completing a Transaction: - You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.219.2. Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 19.1 above in this Agreement are immediacy payable upon closing of the Transaction. You hereby authorise us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.419.3. You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.519.4. Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.619.5. It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.719.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.819.7. It is hereby clarified that in relation subject to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as terms of this explained under Agreement and the provisions of paragraph 4 of Appendix A hereunder. In addition23.1, the Company reserves Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge Commissions or add additional fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9notice. The applicable fees or charges or commissions, from time to time, time may be found on the Company’s Website at (Click here). 18.10Website. Company may vary its fees from time to time. The Company has the right to vary its fees, charges and commissions from time to time according will send a Written Notice to the provisions Client informing of paragraph 23.7 of this Agreementany changes, before they come into effect. The variation will take effect from the date which the Company specifies in its notification to the Client. 18.1119.8. Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.9. Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), mark-up(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 19.10. The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 19.11. The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee depends on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 19.12. The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

Settlement, Payments, Costs and Taxes. 18.1. 22.1 Upon completing a Transaction: - : a. You shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. - . b. You shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 18.2. 22.2 Unless we agree otherwise, all sums for which either Party is liable under paragraph 18.1 21.1 above in this Client Agreement are immediacy payable upon closing of the Transaction. You hereby authorise authorize us to debit or credit your Trading Account with the relevant sums at the closing of each Transaction. It is understood that once you place an Order, until such Order is executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. 18.3. The client is protected by the Company against negative account balances and the Company will only recover funds from the clients CFD trading account(s). The funds recovered may be funds initially deposited or funds that are subsequently paid into the clients own Trading account, as well as from the Company’s Client Money account. 18.4. 22.3 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 18.5. 22.4 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 18.6. 22.5 It is possible that other costs, including taxes, relating to transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise authorize us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights to make Margin Calls under this Agreement. 18.7. 22.6 You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the currying out of the Transactions under this Agreement. 18.8. It is hereby clarified that in relation to CFD trading, you are required to pay the Difference. A Swap fee is also applicable for CFDs trading, as this explained under paragraph 4 of Appendix A hereunder. In addition, the Company reserves the right to charge Commissions or add fees or charges for opening a Position in CFDs in the future, upon providing at least one month’s prior Written Notice to the Client. Commissions may be charged either in the form of a percentage of the overall value of the trade or as fixed amounts. 18.9. The applicable fees or charges or commissions, from time to time, may be found on the Company’s Website at (Click here). 18.10. The Company has the right to vary its fees, charges and commissions from time to time according to the provisions of paragraph 23.7 of this Agreement. 18.11. 22.7 Should your country of residence operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil fulfill any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 22.8 Prior to opening an account with the Company, the Client needs to consider any applicable charges such as spread(s), markup(s), commission(s), and swap(s). The Client is solely responsible for requiring clarifications from the Company in relation to the above, if necessary. The Client may review all applicable charges, prior to entering into an agreement with the Company as well as at all times, on our Website(s). 22.9 The Client should note that not all charges are represented in monetary terms and may appear, for instance, in pips; therefore, the Client needs to ensure that he/she understands the cost that the pip amounts to. 22.10 The Company reserves the right to charge monthly maintenance fee per Trading Account assuming that the Trading Account has sufficient funds to cover such fee. This maintenance fee may depend on the Client categorization and/or type of Trading Account and/or volume of Orders and/or amount of deposits. The applicable maintenance fees may be found on the Company’s Website. 22.11 The Company reserves the right to change, from time to time, any of the charges applicable to Clients without prior Written Notice to the latter, unless otherwise agreed in the Agreement. The most up-to-date information shall be found on our Website. 22.12 The Client should note that any applicable charges shall be instantly deducted from his/her Trading Account(s).

Appears in 1 contract

Samples: Client Agreement

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