Common use of TRADING AGENTS Clause in Contracts

TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understand: (i) That FNory makes no warranties nor representations concerning any Trading Agent, (ii) That FNory its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNory. 29.5 Customer acknowledges that upon receipt of the POA, FNory is authorised to follow the instructions of the Trading Agent in every respect until FNory is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- party vendors and the Customer further agrees to hold FNory harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory nor any of its officers, directors, vendors, employees, agents, associated persons or FNory personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Trading Agent, Customer may incur a xxxx-up, above and beyond the ordinary spread generally provided by FNory. Details of any such xxxx up will be provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNory, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNory, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

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TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory Tradeska its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understand: (i) That FNory Tradeska makes no warranties nor representations concerning any Trading Agent, (ii) That FNory Tradeska its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory Tradeska does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNoryTradeska. 29.5 Customer acknowledges that upon receipt of the POA, FNory Tradeska is authorised authorized to follow the instructions of the Trading Agent in every respect until FNory Tradeska is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory Tradeska to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory Tradeska does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- third-party vendors and the Customer further agrees to hold FNory Tradeska harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory Tradeska nor any of its officers, directors, vendors, employees, agents, associated persons or FNory Tradeska personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Trading Agent, Customer may incur a xxxx-up, above and beyond the ordinary spread generally provided by FNoryTradeska. Details of any such xxxx up will be provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNoryTradeska, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNoryTradeska, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

TRADING AGENTS. 29.1 30.1. Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary basis, Customer does so at its own risk. 29.2 30.2. Customer acknowledges that FNory Infinex its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 30.3. Customer acknowledges and understandunderstands: (i) That FNory Infinex makes no warranties nor representations concerning any Trading Agent,; and (ii) That FNory Infinex its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, ; and (iii) That FNory Infinex does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 30.4. If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNoryInfinex. 29.5 30.5. Customer acknowledges that upon receipt of the POA, FNory Infinex is authorised authorized to follow the instructions of the Trading Agent in every respect until FNory Infinex is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory authorizes Infinex to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 30.6. Customer acknowledges that the Trading Agent and many third third-party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 30.7. Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory Infinex does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- third-party vendors and the Customer further agrees to hold FNory Infinex harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory Infinex nor any of its officers, directors, vendors, employees, agents, associated persons or FNory Infinex personnel will be liable for any such breakdown or failure. 29.8 30.8. Customer understands that by using a Trading Agent, Customer may incur a xxxxmark-up, above and beyond the ordinary spread generally provided by FNoryInfinex. Details of any such xxxx up markup will be provided in the agreement between the Trading Agent and Customer. 29.9 30.9. Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 30.10. Customer agrees to indemnify and hold FNoryInfinex, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 30.11. The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNoryInfinex, whether through a Trading Agent or otherwise, if the Trader does not have capital capital, she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

TRADING AGENTS. 29.1 28.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary nondiscretionary basis, Customer does so at its own risk. 29.2 28.2 Customer acknowledges that FNory AstraFX its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 28.3 Customer acknowledges and understandunderstands: (i) That FNory AstraFX makes no warranties nor representations concerning any Trading Agent, (ii) That FNory AstraFX its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory AstraFX does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 28.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNoryAstraFX. 29.5 28.5 Customer acknowledges that upon receipt of the POA, FNory AstraFX is authorised to follow the instructions of the Trading Agent in every respect until FNory AstraFX is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory AstraFX to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 28.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 28.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory AstraFX does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- third-party vendors and the Customer further agrees to hold FNory AstraFX harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory AstraFX nor any of its officers, directors, vendors, employees, agents, associated persons or FNory AstraFX personnel will be liable for any such breakdown or failure. 29.8 28.8 Customer understands that by using a Trading Agent, Customer may incur a xxxx-up, above and beyond the ordinary spread generally provided by FNoryAstraFX. Details of any such xxxx up will be provided in the agreement between the Trading Agent and Customer. 29.9 28.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 28.10 Customer agrees to indemnify and hold FNoryAstraFX, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 28.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs CFDs, Options and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNoryAstraFX, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary nondiscretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory Stone Cross its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understandunderstands: (i) That FNory Stone Cross makes no warranties nor representations concerning any Trading Agent, (ii) That FNory Stone Cross its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory Stone Cross does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNoryStone Cross. 29.5 Customer acknowledges that upon receipt of the POA, FNory Stone Cross is authorised to follow the instructions of the Trading Agent in every respect until FNory Stone Cross is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory Stone Cross to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory Stone Cross does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- third-party vendors and the Customer further agrees to hold FNory Stone Cross harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory Stone Cross nor any of its officers, directors, vendors, employees, agents, associated persons or FNory Stone Cross personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Trading AgentAgent or automated trading system, Customer may incur a xxxxmark-up, above and beyond the ordinary spread generally provided by FNoryStone Cross. Details of any such xxxx mark up will be displayed in the spread on the client trading account using the automated system and/or provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNoryXxx, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs CFDs, Options and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNoryStone Cross, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understand: (i) That FNory makes no warranties nor representations concerning any Trading Agent, (ii) That FNory its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer Xxxxxxxx agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNory. 29.5 Customer acknowledges that upon receipt of the POA, FNory is authorised to follow the instructions of the Trading Agent in every respect until FNory is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- party vendors and the Customer further agrees to hold FNory harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory nor any of its officers, directors, vendors, employees, agents, associated persons or FNory personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Trading Agent, Customer may incur a xxxxmark-up, above and beyond the ordinary spread generally provided by FNory. Details of any such xxxx mark up will be provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNory, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNory, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

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TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory CaptainFX its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understand: (i) That FNory CaptainFX makes no warranties nor representations concerning any Trading Agent, (ii) That FNory CaptainFX its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory CaptainFX does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNoryCaptainFX. 29.5 Customer acknowledges that upon receipt of the POA, FNory CaptainFX is authorised to follow the instructions of the Trading Agent in every respect until FNory CaptainFX is notified in writing by the Customer that the POA is revoked or the POA has POAhas expired. The Customer authorises FNory CaptainFX to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory CaptainFX does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- third-party vendors and the Customer further agrees to hold FNory CaptainFX harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory CaptainFX nor any of its officers, directors, vendors, employees, agents, associated persons or FNory CaptainFX personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Trading Agent, Customer may incur a xxxx-up, above and beyond the ordinary spread generally provided by FNoryCaptainFX. Details of any such xxxx up will be provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNoryCaptainFX, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNoryCaptainFX, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary nondiscretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory Euro Next its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understandunderstands: (i) That FNory Euro Next makes no warranties nor representations concerning any Trading Agent, (ii) That FNory Euro Next its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory Euro Next does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer Xxxxxxxx agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNoryEuro Next. 29.5 Customer acknowledges that upon receipt of the POA, FNory Euro Next is authorised to follow the instructions of the Trading Agent in every respect until FNory Euro Next is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory Euro Next to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory Euro Next does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- third-party vendors and the Customer further agrees to hold FNory Euro Next harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory Euro Next nor any of its officers, directors, vendors, employees, agents, associated persons or FNory Euro Next personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Trading AgentAgent or automated trading system, Customer may incur a xxxxmark-up, above and beyond the ordinary spread generally provided by FNoryEuro Next. Details of any such xxxx mark up will be displayed in the spread on the client trading account using the automated system and/or provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNoryXxx, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs CFDs, Options and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNoryEuro Next, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

TRADING AGENTS. 29.1 Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party ("Trading Agent"), whether on a discretionary or non- discretionary basis, Customer does so at its own risk. 29.2 Customer acknowledges that FNory its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto. 29.3 Customer acknowledges and understand: (i) That FNory makes no warranties nor representations concerning any Trading Agent, (ii) That FNory its subsidiaries, affiliates or agents shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent, and (iii) That FNory does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. 29.4 If a Customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer Xxxxxxxx agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit same, and to furnish the POA to FNory. 29.5 Customer acknowledges that upon receipt of the POA, FNory is authorised to follow the instructions of the Trading Agent in every respect until FNory is notified in writing by the Customer that the POA is revoked or the POA has expired. The Customer authorises FNory to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA. 29.6 Customer acknowledges that the Trading Agent and many third party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer. 29.7 Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that FNory does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- party vendors and the Customer further agrees to hold FNory harmless from any losses in the Account associated with these risks. Customer acknowledges that neither FNory nor any of its officers, directors, vendors, employees, agents, associated persons or FNory personnel will be liable for any such breakdown or failure. 29.8 Customer understands that by using a Customerunderstandsthatbyusinga Trading Agent, Customer may incur a xxxxCustomermayincuramark-up, above and beyond the ordinary spread generally provided by FNory. Details of any such xxxx mark up will be provided in the agreement between the Trading Agent and Customer. 29.9 Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account. 29.10 Customer agrees to indemnify and hold FNory, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney's fees that arise directly or indirectly from the Trading Agent's management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent. 29.11 The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through FNory, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.

Appears in 1 contract

Samples: Customer Agreement

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