1. The Client is desirous of registering as a Client in the Broker for trading in contract for differences (CFD), option, commodities, forex and other instruments and has submitted its application and other documentation required for registration to the Client.
2. The Broker is satisfied with the personal and financial information furnished by the Client and agreed to grant registration subject to the terms and conditions of this agreement.
1.1. The Broker hereby grants registration to the client, subject to the terms and conditions of this Agreement.
1.2. Registration shall be effective from the date of this Agreement and shall continue to be valid unless terminated in accordance with the terms of this Agreement.
2.1. That all the information furnished by the Client for registration is true and correct and he has the financial resources and capacity to trade in the Broker.
2.2. That the Client has read and understood the contents of the Rules, Regulation and Guidelines of the Broker and agrees to abide by the same. The Client has also read and understood the Risk Disclosure Document annexed to this Agreement.
2.3. That the Client has understood the various risk involved in trading of CFD, option, commodities and forex including but not limited to the risk and possibility of losses that may arise from the trade, including his sole responsibility for any loss suffered to him on his trading account in the Broker.
2.4. That the Client shall pay the fee and service charges and margin required for trading in advance to the Broker and shall pay all amounts towards settlement of trade executed by her. Any money deposited or lying in his account shall be held subject to a general lien for the discharge of the Client's obligations to the Broker under this agreement.
2.5. That the Client authorize the Broker at its sole discretion, shall deem it necessary for the Broker's protection, to buy, sell or close out any part or all of the contracts held in its account or transfer any part or all the contracts to any liquidity provider of the Broker. The Client also agrees to reimburse any or all such incidental expenses incurred by Broker in this regard.
2.6. That the Client shall not involve or attempt to involve in any unfair or unethical trade practices while trading in the Broker.
2.7. That the Client shall not make the Broker responsible and liable for any loss suffered to her on account of any trading conducted by the Broker under its authorization and instruction.
3.1. Upon registration and receipt of the prescribed margin and service charges, the Broker shall provide online connectivity to the client to use the Automated Trading System for trading in CFD, option, commodities and forex.
3.1. The Broke shall also provide a statement of accounts and trade conducted by the client, as and when requested by the Client.
4.1. The Client shall appoint an IB to trade on her behalf or provide advisory service. If a Client appoints an IB then all the acts, deeds or things done or caused to be done by the IB for the purpose of trade on behalf of the Client shall be binding on the Client in all respects and the Client also hereby agree to ratify whatever is done or caused to be done by the IB for the Client, on her name or on her behalf by virtue of this agreement.
4.2. The Client shall be fully responsible for all or any risk and trade loss or profit arising out of or in connection with the appointment of the IB. The Client shall not sue complaint against the IB or the Broker for any act or omission, loss, liability as result of or arising in connection with the appointment of the IB.
4.3. The Client may cancel the appointment of the IB with the prior approval of the Broker and the cancelation of the appointment of the IB shall not have any effect on the rights and obligation of the parties accrued prior to the date of termination.
4.4. The appointment of the IB shall stand cancelled immediately on terminating the agreement with the IB Agreement with the Broker or cancellation of the IB by the Broker or any other event which makes the IB incapable of acting as IB of the Broker.
The Client shall indemnify the Broker for any loss and damage suffered by the Broker on account of Client's default, delay, latches, omission, non-compliance of Rules, Guidelines or Direction of the Broker. The Broker shall be indemnified by the Client from its deposits and funds for all costs, losses and expenses incurred by the Broker.
6.1. Either party may by giving 30 days (thirty) written notice to the other party, terminate this agreement.
6.2 Termination shall not have any effect on the rights and obligation of the parties accrued prior to the date of termination.
6.3 Notwithstanding the above, the Broker has the right to cancel the registration and terminate this Agreement forthwith and without any notice, if the Client commits any defaults or acts against the interest of the Broker or Rules, Guidelines and Direction of the Broker or the law of the land.
6.4 In the event of the death or insolvency of the Client or the Client is otherwise becoming incapable of settling the transactions, the Broker may close out the transaction of the Client and the Client or his legal representative shall be liable for any losses, costs, damages including statutory and regulatory charges, if any and also be entitled to any incidental expenses which may result there from.
This agreement and all the transactions and contracts executed under this Agreement shall be subject to the Rules and Guidelines of the Financial Services Commission of Mauritius and shall have exclusive jurisdiction to try any dispute under this Agreement, irrespective of the place of trading and location of the Client
8.1 Parties shall use their best efforts to amicably settle any dispute, controversy or claim arising out of the Agreement or the breach, termination or invalidity thereof.
8.2 Any dispute, controversy or claim arising out of the Agreement, which cannot be settled amicably, shall be referred and settled through a sole arbitrator appointed by the Broker, in accordance with Arbitration Rules as prescribed by the Broker. The language of the Arbitration shall be in English and the arbitration shall be held at the premise of the Broker or any other place prescribed by the Broker.
The parties have the option to translate this agreement into any language of their choosing. However, it is understood that the English version of this agreement supersedes any other translations.
Declaration by the Client in his mother tongue that he has fully understood the contents of this Agreement and Risk Disclosure Document and the possible risk and losses that may occur while trading in the Broke
The Broker reserves the right to amend the terms and conditions of this agreement with the prior notification to the Client. When these terms and conditions are amended, the Client shall state the unwillingness to accept the amended terms and conditions by applying the termination of the Client registration within 7 (seven) days of such notification.
1. This brief statement of risks does not disclose all of the risks and other significant aspects of trading in the Broker. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts and the relationship arising there from into which you are entering and the extent of your exposure to risk. Risk of loss in trading can be substantial. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Trading in CFD, option, commodities and forex thus requires not only the necessary knowledge and financial resources but also the financial and emotional temperament. In case of any consequences or loss in trading on the Broker, the Client agrees that she/ it shall be solely responsible for such loss and the Broker shall not be responsible for the same and it will not be open for any client to take the plea that no adequate disclosure was made or he was not explained the full risk involved in trading. The Client will be solely responsible for the consequences and no contract can be rescinded on that account.
2. Effect of "Leverage" the amount of margin is small relative to the value of the contract so the transactions are "leveraged' or 'geared'. Trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the principal investment amount. But transactions in trading also carry a high degree of risk. You should therefore completely understand the following statements before actually trading and also trade with caution while taking into account one's circumstances, financial resources, etc. If the prices move against you, you may lose a part of or whole margin equivalent to the principal investment amount in a relatively short period of time. Moreover, the loss may exceed the original margin amount
3. Trading involves daily settlement of all positions. Every day the open positions are mark to market based on the closing level of the index. If the index has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This margin will have to be paid within a stipulated time frame, generally before commencement of trading next day.
4. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account, the Broker may liquidate a part of or the whole position or substitute contract. In this case, you will be liable for any losses incurred due to such close outs.
5. Under certain market conditions, a client may find it difficult or impossible to execute transactions. For example, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.
6. In order to maintain market stability, the following steps may be adopted changes in the margin, increases in the cash margin rate or others. These new measures may be applied to the existing open positions. In such conditions, you will be required to put up additional margins or reduce your positions.
7. You must ask your Broker to provide full details of the contracts you plan to trade i.e. the contract specifications and the associated obligations.
8. The placing of certain orders (e.g., "stop-loss" orders, or "stop-limit" orders), which are intended to limit losses to certain amounts, may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions may be as risky as taking simple "long" or "short" positions.
9. Market conditions (e.g., illiquidity) and/or the operation of the rules of certain markets (e.g., the suspension of trading in any contract or contact month because of price limits or "circuit breakers") may increase the risk of loss due to inability to liquidate/offset positions.
10. You should familiarize yourself with the protections accorded to the money or other property you deposited particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In case of any dispute with any other IB or Clients the same shall be subject to arbitration as per the Arbitration Rules as prescribed by the Broker.
11. Before you begin to trade, you should obtain clear information of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.
12. The Broker offers only electronic trading facilities (online trading facilities), which are computer-based systems for order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider and the market. Such limits may vary; you should gather yourself information from the Broker for details in this respect. Note: This document does not disclose all of the risks and other significant aspects involved in trading in the Broker. The Client should therefore study herself/itself the procedure and risk involved in trading in the Broker carefully before becoming involved in it.