Common use of The Trading Account Clause in Contracts

The Trading Account. 2.1 The company will open an account of trading (the "trading account") for and on the client's name, subject to the customer's registration with the company in accordance with the requirements of society, including the provision of complete and accurate information to the customer. by presenting identity documents, including a copy of a certificate of identity, passport, a copy of the credit card of his two sides, in the case where the deposit was made by credit card (the customer can hide the credit card number except for four digits, and can also hide the CVV code, on the back of the card), and proof of address valid (three months), by presenting a government or other supplier electricity bill (water, tourist tax, electricity, etc.). The Customer authorizes the Company to rely on any request, direction, or other messages from the Client, without further examination by the Company as to the authenticity, veracity, or identity of the person who delivers or claims to provide such a request, orientation, or message. The The customer undertakes to provide correct and complete information about him. The The customer must immediately report to the Company if the information provided by the Client to the Company is incorrect. 2.2 The Company may, in its sole discretion, act as a mediator and ensure the coverage of Customer's transactions by different brokers, and also act as market maker and be the counterparty to the Client's transaction. The Company shall in no circumstances be used as agent or trustee of the Client or for its account. The Customer acknowledges that he/she acts for himself and not as an agent or trustee on behalf of someone else. As a result, Xxxxxxxx agrees that he will be directly and fully responsible for the performance of its obligations under this Agreement, including with respect to any Transaction made by or on behalf of the Client. The Company will not accept any other person as an indirect client with respect to this Agreement and will not accept any obligation with respect to such nobody except express written agreement otherwise 2.3 The use of the Platform Trading is based on a limited, personal, non-transferable license and granted to the Customer. The customer is not authorized to transfer and/or assign and/or allow another person to use the license and/or act in the customer's account to someone who is not a customer and/or transfers username and password to other person's account. 2.4 The use of the system of trading and services of the company is personal and authorized beyond the age of 18 only. The Client must ensure that there is no obstacle legal or otherwise, and that the client has completed all legal requirements for the use of these services 2.5 Any active or non-active account remains subject to payment of fees solely based on profits, upon withdrawal of funds, or once a quarter. The fee rate may vary between account managers and must be discussed and disclosed during the first calandery month of the Clients FTD, It must be noted that all responsibilities are held by the client to fully understand the fees. Beginner accounts with balances up to 10,000 GBP/USD/EUR remain subject to deductions as trades occur. Only upon clearance of outstanding payment, the release of funds able to be completed as per our responsible practice guidelines. The process of funds release is automated after debt clearance and all requests and transactions are irreversible once made.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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The Trading Account. 2.1 The company will open an a trading account of trading (the "trading account"“Trading Account”) for and on the client's Client’s name, subject to the customer's registration of the Client with the company in accordance with Company according to the requirements of societyCompany’s requirements, including the provision of providing complete and accurate Client information to as required for the customer. opening of the Account, and by presenting identity documents, identification documents including a copy of a certificate of identityan identification certificate, passport, a copy of the credit card of his two from both its sides, in the case where the deposit was made by credit card (the customer can client may hide the credit card number except for the last four digits, and can may also hide the CVV code, on at the back of the card), and a valid (recent three months) proof of address valid (three months)address, by presenting a government vendor or other supplier electricity bill utility xxxx (water, tourist city tax, electricity, etc.). The Customer Client authorizes the Company to rely on and act according to any request, direction, guideline or other messages message appeared to be from the Client, without further examination by the Company as to the authenticity, veracity, or the identity of the person who delivers or claims purporting to provide deliver such a request, orientation, guidance or message. The The customer Client undertakes to provide correct and complete information about himregarding itself. The The customer Client must immediately report to the Company if immediately in case of any change in the information provided by the Client had provided to the Company is incorrectCompany. 2.2 The Company may, in according to its sole discretion, act as a mediator and ensure the coverage of Customer's Client transactions by different brokers, and also to act as a market maker and be the counterparty to the transaction of the Client's transaction. The Company shall in no circumstances be used not serve as an agent or trustee of the Client or for its accounton his behalf under any circumstances. The Customer Client acknowledges that he/he/ she acts is acting for himself and not as an agent or trustee on behalf of someone else. As a resultAccordingly, Xxxxxxxx the Client agrees that he he/she will be directly and fully responsible for the performance of its performing his/her obligations under this Agreement, including with respect to of any Transaction made by or on behalf of the Client. The Company will shall not accept any other person as an indirect client with respect to of this Agreement and will not shall accept no obligation to any obligation with respect to such nobody except express written agreement otherwiseperson unless otherwise expressly agreed in writing. 2.3 The use Usage of the Trading Platform Trading is based on according to a limited, personal, non-non- transferable and exclusive license and granted to the CustomerClient. The customer Client is not authorized permitted to transfer and/or assign and/or allow another person to use the license and/or act in the customer's account Client’s Account to someone who is not a customer Client, and/or transfers transfer the username and password to the Account to any other person's account. 2.4 The use of the system of trading Trading System and services of the company Company’s Services is personal and authorized beyond permitted above the age of 18 only. The Client must ensure that there is no obstacle legal or otherwiseother obstacle to its said activity, and that the client has completed all fulfilled any legal requirements requirement needed for the use of these services 2.5 Any active or non-active account remains subject to payment of fees solely based on profits, upon withdrawal of funds, or once a quarter. The fee rate may vary between account managers and must be discussed and disclosed during the first calandery month of the Clients FTD, It must be noted that all responsibilities are held by the client to fully understand the fees. Beginner accounts with balances up to 10,000 GBP/USD/EUR remain subject to deductions as trades occur. Only upon clearance of outstanding payment, the release of funds able to be completed as per our responsible practice guidelines. The process of funds release is automated after debt clearance and all requests and transactions are irreversible once made.

Appears in 1 contract

Samples: Client Agreement

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