1. GENERAL INFORMATION
1.1. Information About US
brightfinance is the trading name of
BRIGHT FINANCE that belongs to CAPITAL LETTER GMBH, German Investment
Firm Incorporation: HRB242418, 23/07/2018 and CAPITAL LETTER LTD. The
Company provides investment and ancillary services in accordance to
its authorization and in compliance with the European Markets in
Financial Instruments Directive (MiFID) through the website
www.brightfinance.co (hereafter “the website”) and as these are
defined throughout this Agreement. Its registered office is situated
at Adolf-Kolping-Straße 16, 80336 München, Germany
1.2.Communication with us
You may communicate with us in writing
(including fax), by email or other electronic means, or orally
(including by telephone). The language of communication shall be
English and you will receive documents and other information from us
in English. However, where appropriate and for your convenience, we
will endeavour to communicate with you in other languages. Our
website(s) contain further details about us and our services, and
other information relevant to this Agreement. In the event of any
conflict between the terms of this Agreement and our website, this
Agreement will prevail. By accepting and agreeing to the Terms and
Conditions of this Agreement and further opening an account with the
Company, the Client accepts the terms and conditions contained
therein.For any questions you may contact the Company at the following
address:
Email:
[email protected]
1.3. Telephone Calls, Faxed Documents and Records
1.3.1. Telephone conversations between the Client and the Company will
be recorded and kept by the
Company and recordings will be the
sole property of the Company. The Client accepts such recordings
asconclusive evidence of the Orders or conversations so recorded.
1.3.2. Our records will be evidence of your dealings with us in
connection with the Trading Platform. You
will not rely on us to
comply with your record keeping obligations, although records may be
made available
to you on request in our absolute discretion. You
will not object to the admission of our records as evidence
in
any legal or regulatory proceedings because such records are not
originals, are not in writing or are
documents produced by a
computer.
1.3.3. Under Applicable Regulations, the Company will keep records containing Client personal data, trading information, account opening documents, communications and anything else which relates to the Client for at least five years after termination of the Agreement or a Transaction.
In this Agreement, the Terms stated below shall have the following meanings and may be used in the singular or plural as appropriate
“Closed Position” means the opposite of an Open Position.
“Close at Loss” shall mean an offer to close a Transaction in an FX and CFD position at a price determined inadvance by you which, in the case of a Buy is lower than the opening Transaction price and in the case of aSell is higher than the opening Transaction price.
“Close at Profit” shall mean offer to close a Transaction in an FX and CFD position at a price determined inadvance by you which, in the case of a Buy is higher than the opening Transaction price and in the case of aSell is lower than the opening Transaction price.
“Contract for Difference (CFD)” means any CFD on spot foreign exchange (“FX”), whether oral or written, forthe purchase or sale of any commodity, security, currency or other financial instruments or property,including any derivative contracts such as options, futures, shares, or any other CFD related financialinstrument that is available for trading through the Company’s trading platform(s); a full list of the financialinstruments is available online at www.brightfinance.co.
“Counterparties” shall mean banks and/or brokers through whom the Company may cover its transactionswith Clients;
“Currency Pair” shall mean the object or Underlying Asset of an FX Contract based on the change in thevalue of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency andthe Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the BaseCurrency.
“CySec” is an abbreviation for the “Cyprus Securities and Exchange Commission” which is the Company’ssupervising authority.
“CySec Rules” means the Law which provides for the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and other related matters, the Prevention and Suppression of Money Laundering Activities Law, the Directives, Circulars and all other regulations issued pursuant to these Laws and all Rules, Directives, Regulations, Guidance Notes, Opinions, recommendations, administrative notices and newsletters published by the CySec.
“Declared Price” means the price that the client requested for either instant execution or pending order. “Difference” means the difference in price upon the opening of a transaction and the closing of such Transaction. “Durable Medium” means any instrument which enables the Client to store information in a way accessible for future reference for a period of time adequate for purposes of the information and which allows the unchanged reproduction of the information stored.
“Equity” means the balance plus or minus any profit or loss that derives from any open positions. “Execution” means the execution/completion of client’s orders on the Company’s trading platform, where the Company acts as the Execution Venue to Client’s transactions;
“Execution Venue” the counterparty for transactions and holder of the Clients securities or other assets deposited.
“FATCA” means the United “tates federal law “Foreign Account Tax Compliance Act”.
“FX Contract or FX” means the type of CFD where the Underlying Asset is a Currency Paid. Hence any mention to CFDs in general or risk warnings about CFDs in this Agreement alsocover FX contracts. Although FX contracts are included in the definition of CFDs they may be mentioned separately in this Agreement and/or on the Company Website.
“Financial Markets”, means international financial markets in which currency and other financial assets exchange rates are determined in multi-party trade.
“Floating Profit/Loss” shall mean the unrealized profit/loss of open positions at current prices of the Underlying Assets;
“Free Margin” means the funds that are available for opening a position, It is calculated as: Free Margin= Equity-Margin.
“Initial Margin” means the minimum amount of money required in your Trading Account in order to open a Transaction, as specified on the Trading Platform from time to time for each specific Underlying Asset.
“Margin” means the required funds available in a Trading Account for the purposes of opening and maintaining an Open Position.
“Margin Call” when the Margin posted in the margin account is below the minimum margin requirement, the Company’s Execution Venue issues a Margin Call and in this case the Client will have to either increase the Margin that he/she has deposited or to close out his/her position(s). If the Client does not do any of the aforementioned, the Execution Venue shall have the right to close the positions of the Client.
“Margin Level” means the percentage of Equity to Margin ratio. It is calculated as: Margin Level = Equity/Necessary Margin “Market Order” means Orders which are executed at the best available market price.
“Market Rules” means the rules, regulations, customs and practices from time to time of any exchange,clearing house or other organization or market involved in the conclusion, execution or settlement of a Contract any exercise by any such exchange, clearing house or other organization or market of any power or authority conferred on it.
“MTF” means Multilateral Trading Facility.
“Open Positions” means any long or short position that has not been closed.
“Orders” means any trading transactions executed on the Company’s trading platform(s) by the Client.
“Over the counter (OTC)” means any Contract concerning a commodity, security, currency or other financial instrument or property which is not traded on a regulated stock or commodity exchange but “over the counter”.
“Security” means any securities or other assets deposited with the execution venue.
“Sell” mean an FX and CFD Transaction that is opened by offering to sell a specific number of a certain Underlying Asset; also known as “short position”.
“Services” means the services to be provided by the Company to the Client and are governed by these Terms and Conditions.
“Spread” means the difference between the Ask Price and the Bid Price of an Underlying Asset at the same moment.
“Spreads and Conditions Schedule” means the schedule of spreads, charges, margin, interest and other rates which at any time may be applicable to the Services as determined by the Company on a current basis.
The “preads and Conditions “chedule is available on the Company’s Website and may be supplied to the Client on demand.
“Swap or Rollover” means the interest added or deducted for holding a position open overnight.
“Terms” mean these Terms of business governing all the actions that relate to the execution of your trades.
“Trade Confirmation” means a notification from the Company’s trading platform to the Client confirming the Client’s entry into a Contract.
“Transaction” means the opening or closing of an offer to either buy or sell an FX and CFD for an Underlying Asset on the Trading Platform, whether by you or us.
“Trading Platform” means any online trading platform made available to the Client by the Company for placing orders, requesting quotes for trades, receiving price information and market related news as well as having a real-time revaluation of the open positions, through the Internet;
“Trading Account” means a personalized trading account that the Client holds with the Company, designated with a unique account number and used for the purposes of trading with the Company.
“Underlying Asset” means the financial instrument (e.g., stock, futures, commodity, currency, index) on which a derivative’s price is based.
“US Reportable Persons” –In accordance to FATCA, US Reportable persons are:
a) A US citizen (including dual citizen)
b) A US resident alien for tax purposes
c) A domestic partnership
d) A domestic corporation
e) Any estate other than a foreign estate
f) Any trust if:
• A court within the United States is able to exercise primary supervision over the adminis tration of the trust
• One or more United States persons have the authority to control all substantial decisions of the trust
• Any other person that is not a foreign person.
In this Agreement, all the words that denote only the singular number will also comprise the plural, wherever the aforementioned definitions apply and vice versa, and the words that denote natural persons will comprise legal persons and vice versa. Words denoting any gender include all the genders and whenever reference is made to theterms “Paragraphs”, “Sections” and “Appendices” it concerns paragraphs, sections and appendices of this Agreement.
The headings of the Sections are only used for facilitating the reference and they do not affect their interpretation. References to any law or regulation will be considered to comprise references to that law or regulation as this can be altered or replaced from time to time or, similarly, to be extended, re-enacted or amended.
You have the right to cancel this Agreement within thirty (30) days
(the “Cancellation Period”) from the date
you accept the Client
Agreement. Should you wish to cancel this Agreement within the
Cancellation Period,
you should send notice in writing to the
following address:
[email protected]
Cancelling this Agreement within the Cancellation Period will not
cancel any Transaction entered into by you during the Cancellation
Period. If you fail to cancel this Agreement within the Cancellation
Period you will be bound by its terms and conditions.
4.1. The Company in accordance to its CIF authorisation is authorised
to provide the following
investment services which are governed
by this Agreement:
Investment Services:
1.Reception and
transmission of orders in relation to the Financial Instruments the
Company is authorised to provide.
2.Execution of orders on behalf
of clients Ancillary Services:
-Safekeeping and administration of
financial instruments, including custodianship and related services
-Foreign
exchange services where these are connected to the provision of
investment services.
-Investment Research and financial analysis
of other forms.
4.2. brightfinance offers a number of financial instruments to the Client for trading, the contractspecifications of which are available online on the Company’s website www.brightfinance.co, as well as suchother investments instruments agreed upon with the Company and allowed under the laws of the Republic of Germany.
4.3. The trading conditions and execution rules of the financial instruments on offer by the Company can be found online on the Company’s website at www.brightfinance.co at any given time. Upon notice to the Client, brightfinance reserves the right to amend, from time to time, both the trading conditions and/or the execution rules. Even if the Company amends any part of the trading conditions and/or the execution rules the Client continues to be bound by the Client Agreement, including but not limited to any amendments that have been implemented.
4.4. The Client understands that no physical delivery of a CFD’s
underlying instrument that (s)he
traded through his/her Trading
Account shall occur.
4.5. brightfinance is entitled to refuse the provision of any
investment or ancillary service to the
Client, at any time,
without being obliged to inform the Client of the reasons to do so in
order to protect the
legitimate interests of both the Client and
the Company.
5.1. In order to use the Trading Platform and our Services, you must
register with us by providing your
personal details, including
identity documents, as Registration Data. After you complete the
Account
Opening Procedure together with all the required
identification documentation and Registration Data
required by us
for our own internal checks, we will send you a notice informing you
whether you have been
accepted as a Client of the Company. It is
understood that we are not to be required (and may be unable
under
Applicable Regulations) to accept a person as our Client until all
documentation we require has been
received by us, properly and
fully completed by such person and all internal Company checks
(including
without limitation anti-money laundering checks,
appropriateness or suitability tests as the case may be)
have
been duly satisfied. It is further understood that we reserve the
right to impose additional due diligence requirements to accept
Client(s) residing in certain countries.
5.2. You agree and undertake to:
(a)notify us of any changes to
your personal and financial information and/or in your financial
condition
by emailing
[email protected];
(b)provide true, accurate, current and complete Registration
Data as prompted by the registration process;
(c)maintain and
promptly update the Registration Data to keep it accurate, current and
complete by
emailing using the email address which you created
your trading account, any changes to
suppo[email protected];
(d)ensure that you log out from your trading account at the
end of each session on the
Website;
(e)We may carry out
credit and other checks from time to time as we deem appropriate.
Your
Registration Data or other information may be used in the
prevention of money laundering or terrorist
financing or fraud as
well as for the management of your account. You authorize us to use
your Registration
Data and other information to perform the above
checks in relation to your application process;
(f)In the event
we become aware of any illegal activity, impropriety in the
Registration Data or failure
of any due diligence requirement, we
may freeze your account. Should such an event occur we may not be
in
a position to release funds and may not be able to carry out
subsequent instructions from you.
5.3. brightfinance being a regulated investment firm we are required
to abide by stringent Know Your Client (KYC) and Anti-Money Laundering
(AML) protocols. As part of the Account Opening Procedure,
the
Client is required to provide us with (a) proof of identity, that is a
government issued passport and
identity card (if available) and
(b) proof of residence, that is a hard copy utility bill (water bill,
electricity bill, gas bill, phone/internet bill) or a certificate of
residence or a hard copy bank statement in A4 format and not older
than 6 months. A driving license is not considered to be an acceptable
form of identification under CySec rules and regulations.
5.4. Once logged into the Trading Platform using your Access Codes,
you authorize us to rely upon any
information or instructions set
forth in any data transmission using your Registration Data, without
making
further investigation or inquiry, and regardless of the
actual identity of the individual transmitting the same.
Without
limitation of the foregoing, we have no responsibility for
transmissions that are inaccurate or not
received by us, and we
may execute any Transaction on the terms actually received by us.
6.1. Part of the Registration Data you provide, allows us to assess
whether the Service or Financial
Instrument is appropriate for
you, in accordance with CySEC Rules and Regulations.
6.2. We are entitled to rely on the information you provide to us
unless we are aware that such
information is manifestly out of
date, inaccurate or incomplete. We have no responsibility for the
information
which you provide to us and we may assess your appropriateness on the
basis of the
information you give to us.
6.3. We will assess your knowledge and experience on the basis of the
information received from you to
enable a decision to be made on
appropriateness. If we determine that the Service or Financial
Instrument is
not suitable for your level of experience and/or
knowledge we will notify you and we may not be able to
open a
Trading Account for you.
6.4. If you elect not to provide the information required to allow us
to assess appropriateness, or if you
provide insufficient
information regarding your knowledge or experience, we may be unable
to determine
whether the Service or Financial Instrument is
appropriate for you and therefore may decline your
application to
open a Trading Account.
6.5. We reserve the right to refuse to approve your registration or
any Transaction should you deny
and/or omit to provide us with
all the requested information. In making such a decision we will have
regard
to the circumstances.
7.1. The Company will deal with the Client according to the rules of
professional conduct based on which
the Client will be treated as
a Retail Client, Professional Client or Eligible Counterparty in
accordance with
the information provided to the Company during
the Account Opening Procedure.
7.2. The Client shall inform the Company in case the Client’s personal
information changes. In the event
that the Client wishes to be
re-categorized the Client must inform the Company in writing, clearly
stating
such a wish. The final decision of the change in
categorization however lies in the absolute discretion of the
Company.
If the Company agrees to such categorization, the level of protection
that is afforded by certain
CySec Rules and other applicable
regulations may be reduced. This may include but is not limited to:
(a)the
requirement for us to act in accordance with your best interests;
(b)our
obligation to provide appropriate information to you before providing
the services;
(c)the restriction on the payment or receipt by us
of any inducements;
(d)our obligation to achieve best execution
in respect of your orders;
(e)the requirement to implement
procedures and arrangements which provide for the prompt, fair and
expeditious
execution of your orders;
(f)our obligation to ensure that all
information we provide to you is fair, clear and not misleading;
and
(g)the requirement that you receive from us adequate reports
on the services provided to you.
7.3. It is understood that we have the right to review the Client’s
Categorization and change your
Categorization if this is deemed
necessary (subject to Applicable Regulations). You accept that when
categorizing
you and dealing with you, the Company will rely on the accuracy,
completeness and co
rrectness of the information provided by you
at the Account Opening Procedure and the Financial Details
Questionnaire.
You have the responsibility to immediately notify us in writing if
such information changes at
any time thereafter.
7.4. The Client is bound by the method and process of categorization
as this is defined and thoroughly
explained in the “Client
Categorization Policy” which can be found on the Company’s website
under the title
“Client Categorization Policy”. Therefore, by
accepting these Terms and Conditions, the Client accepts the
application of the categorization method as this is defined in the
“Client Categorization Policy”.
8.1. The Services are available to and may only be used by individuals
or companies who can form legally binding contracts under the law
applicable to their country of residence.
Without limiting the
foregoing, our Services and/or the use of the Company’s electronic
system(s) and/or
Trading Platform are not available to any person
who:
a.Is under the age of 18 or otherwise under legal age
(“Minors”). The Company shall not be
responsible for any
unauthorised use by Minors of our Services and/or system and/or
trading platform in
any way or manner;
b.Is not of legal
competence or of sound mind;
c.Resides in any country where such
use would be contrary to local laws and regulations. The Company’s
S
ervice(s) and/or system(s) and/or Trading Platform and any
other service(s) provided by us is
not available to persons
residing in any country
where such trading activities would be
contrary to local laws
or regulations. It is your responsibility
to ascertain the terms of and comply with any local law or
regulation
to which you are subject;
d.Is an employee,
director, associate, agent, affiliate, relative or otherwise connected
to the Company
or any affiliate thereto.
8.2. Without derogating from the above, the Company reserves the
right, acting reasonably, to suspend
and/or refuse access to and
use of the Company’s service(s) and/or electronic system(s) and/or
Trading
Platform to anyone in our sole and absolute discretion.
8.3. The Client assures that the funds which will be transferred as security for trading on the brightfinance account, do not originate from illegal or criminal activities or is of unknown origin.
8.4. The offering of some financial instrumentson various underlying
financial and other assets may not
be legal in some
jurisdictions. You understand and accept that the Company is unable to
provide you with
any legal or taxation advice or assurances in
respect of your use of the Services and the Company makes no
representations
whatsoever as to the legality of the Services in your jurisdiction.
8.5. Our Services are not available where they are illegal to use, and
the Company reserves the right to
refuse and/or cancel services
to anyone at its own discretion.
8.6. For avoidance of doubt, the ability to access our website does
not necessarily mean that our services
and/or your activities
through it, are legal under the laws, regulations or directives
relevant to your country
of residence.
9.1. This Agreement is made by and between brightfinance and you and is applicable only to those Clients trading in the Financial Instruments of Contacts for Difference (CFD’s) for all types Underlying Assets available with the Company from time to time such as Currency Pairs (for FX Contracts),equity,commodities, stocks, shares, indices and futures.
9.2. This Client Agreement applies to both the Website(s) and Trading
Platform, as well as to the
electronic content and/or software
currently contained on the Website(s) that supplies the Client with
real
time information about the exchange rate of some currencies
as well as with the program facilities for
executing trading
transactions in FX and CFDs via the web, phone or fax, and any other
features, content or
services that brightfinance may add in the
future (the “Services”).
9.3. The Client trading account is activated once the Company verifies
the Client’s identity and provides
the Client with a username and
password.
9.4. You are responsible for securing your login details for your
account with brightfinance. You hold sole responsibility for any
damage caused due to any act or omission by you causing inappropriate
or
irregular use of your trading account. You are obliged to
immediately inform the Company of any possible
non-authorized use
conducted with you user name. Users that log in to the Company’s
website to use its
services are required to provide certain
personal, identifying details.
9.5. Opening and Closing Orders/Transactions
9.5.1. In order to open a Transaction in an FX and CFD on the Trading
Platform, you must either open a Buy
or a Sell, at the price
quoted by the Trading Platform at the time of such Transaction. In
order to close a
Transaction, you must either offer to sell (in
the case of a Buy), or purchase (in the case of a Sell), the
Underlying
Asset covered by such open Transaction, at the price quoted by the
Trading Platform at the time
of such closing offer. Transactions
or open positions cannot be transferred to other FX and CFD providers
or
their platforms. Full details of our Order Execution Policy
please visit the Company’s Website.
9.5.2. The Trading Platform will provide a Buy quote and a Sell quote
for each Underlying Asset traded on
the Trading Platform. You
acknowledge that upon opening a Buy or closing a Sell, you may only do
so at the
price quoted by the Trading Platform to purchase such
Underlying Asset. You further acknowledge that upon
opening a
Sell or closing a Buy, you may only do so at the price quoted by the
Trading Platform for such
Underlying Asset.
9.5.3. On the Trading Platform, you shall be entitled to make an offer
to open a Transaction at the best
available rate on the Trading
Platform (“Market Order”) at the time of opening such a Transaction,
unless
you specify a particular price in which to make an offer
to open a Transaction (“Limit Order”). With respect
to a Market
Order, the price at which a Transaction is completed may not always be
at the exact rate
displayed when the order is submitted. You
agree that your offer to open a Market Order may be accepted
at a
lower price or higher price than the price indicated by you in your
Market Order, within a certain range
as specified on the Trading
Platform from time to time. If you choose to open a Market Order, your
offer will
be accepted at the best possible rate offered on the
Trading Platform.
9.5.4. With respect to a Limit Order, the price at which a Transaction
is completed may not always be at
the exact rate displayed when
the order is submitted. You agree that your offer to open a Limit
Order may
be accepted at a lower price if a buy, or higher price
if a sell, than the price indicated by you in your Limit Order as
specified on the Trading Platform from time to time. If you offer to
open a Limit Order, your offer may be accepted at the price indicated
by you in your offer. At any time prior to acceptance of a Limit
Order,you may cancel the Limit Order without any further liability. If
you choose to open a Limit Order, your offer will be accepted at the
best possible rate offered on the Trading Platform.
9.5.5. Orders can be placed and (if allowed) changed within the
Trading Hours for each type of FX and CFD
appearing on the
Company’s Website, as amended from the Company from time to time. The
Client agrees
that the Orders to open a position if accepted by
the Company outside the Trading Hours may not be
capable of
execution should the market not trade at the price stipulated once
Trading Hours commence.
9.5.6. Pending Orders, not executed, shall remain effective through the next trading session (as applicable). All open spot positions will be rolled over to the next Business Day at the close of business in the relevant Underlying Market, subject to the Company’s rights to close the open spot position. Any open forward positions will be rolled over at the expiry of the relevant period into the next relevant period subject to the Company’s rights to close the open forward position.
9.5.7. Market Orders not executed due to insufficient equity in the trading account will not remain effective and will be cancelled.
9.5.8. Orders shall be valid in accordance with the type and time of the given Order, as specified by the Client. If the time of validity of the Order is not specified, it shall be valid for an indefinite period. However, the Company may delete one or all pending orders if the Trading Account funds are not sufficient to cover margin requirements.
9.5.9. Orders may be cancelled or amended by the Client before they are executed.
9.5.10. Stop loss and Take Profit orders may be amended providing they
meet minimum specified level
requirements (keep the pending on
the trading symbol).
9.5.11. The Client may change the expiration date of Pending Orders or
delete or modify a Pending Order
before it is executed. In order
to change the expiry the Client will need to cancel the Order and
place a new
one.
9.5.12. FX and CFD
Orders on currencies are executed as
follows:
• Take Profit (T/P) orders are executed at stated
prices;
• Stop Loss (S/L) orders are executed at first market
prices;
• Stop Loss (S/L) orders set for lock positions are
executed at first market prices;
• Limit orders are executed at
stated prices;
• Buy Stop and Sell Stop orders for position
opening are executed at first market prices.
9.5.13. The Client acknowledges and agrees that due to market
volatility and factors beyond its control, the
Company cannot
guarantee that an Order will be executed at the level specified in the
Client Order, for
example, an Order may be closed at a worse
price than as originally specified by the Client in such an Order.
In
such an event, the Company will close the Transaction at the next best
price. For example, with respect to a Close at Loss, in the case of a
Buy to close, the price of an Instrument underlying such Order may
suddenly
increase above the Close at Loss price, without ever
reaching such price. In the case of a Sell to close, the
price of
an Instrument underlying such Order may suddenly decrease below the
Close at Loss price, without
ever reaching such price.
9.5.14. With respect to a Close at Profit where the price for an
Underlying Asset moves to the Client’s a
dvantage (for example,
if the price goes down as the Client Buys or the price goes up as the
Client Sells),
the Client agrees that the Company can pass such
price improvement on to the Client.
9.5.15. In the event that the Company is unable to proceed with an
Order, with regard to price or size or
other reason, the Company
will not send a re-quote to the Client (with the price it is willing
to deal until the
Client places his/her objection in writing
within five (5) Business Days. The Client might request to receive
the
Account statement monthly or quarterly via email, by providing such a
request to the client support
department, but the Company is not
obliged to provide the Client with the paper Account statement. The
Account
statement is provided at the expense of the client.
10.1. The Client has the right to authorize a third person to give
instructions and/or Orders to the
Company or to handle any other
matters related to this Agreement, provided that the Client has
notified the
Company in writing that such a right shall be
exercised by a third
party and that this person is approved by
the Company and fulfils all of Company’s conditions to allow this.
10.2. In case the Client has authorized
a third person, is agreed
that in the event that the Client wishes to
terminate the
authorization, it is the Client’s full responsibility to notify the
Company of such decision in
writing. In any other case, the
Company will assume that the
authorizationis still ongoing and
will continue
accepting instructions and/or Orders given by the
authorised person on behalf of the Client.
If the Company reasonably suspects that the Client performed abusive
trading such as, but not limited to, pip-hunting, scalping, arbitrage,
manipulations or a combination of faster/slower feeds, it may, at its
absolute discretion, at any time and without prior Written Notice,
take one or more of the following actions:
(a) Terminate this
Agreement immediately without prior notice to the Client;
(b)
Cancel any Open Positions;
(c) Temporarily or permanently bar
access
to the Trading Platform or suspend or prohibit any functions of the
Trading Platform;
(d) Reject or Decline or refuse to transmit or
execute any Order of the Client;
(e) Restrict the Client’s
trading activity;
(f) In the case of fraud, reverse the funds
back to real owner or according to the instructions of the law
enforcement
authorities of the relevant country;
(g) Cancel or reverse of
profits gained through abusive trading or the application of
artificial intelligence
in the Client Account;
(h) Take
legal action for any losses suffered by the Company.
11.1 In case the Company reasonably suspects that the client is
abusing any of the Company’s policies by
the creation and or use
and or funding of multiple accounts, the Company may use funds from
any of the
client’s accounts to cover any possible losses
deriving from the client’s abusive behavior. The Company, at its
own
discretion, may subsequently decide to suspend the client to the use
of (1)one trading account only and
or terminate any business
relationship with the client as the case may be.
12.1. The Company has the right, at any time and for any reason and
without giving any notice and/or
explanation, to refuse, at its
discretion, to execute any Order, including without limitation in the
following
cases:
(a)If the Company has adequate reasons to
suspect that the execution of an Order is part of an attempt
to
manipulate the market, trading on inside information, relates to money
laundering activities or terrorist
financing or fraud or if it
can potentially affect in any manner the reliability, efficiency, or
smooth operation
of the Trading Platform.
(b)If the Client
does not have sufficient available funds deposited with the Company or
in his bank
account to pay the purchase price of an Order along
with the respective fees and commissions necessary to
carry out
the transaction in the Trading Platform. In the event that the Company
does refuse to execute an
order, such refusal will not affect any
obligation which the
Client may have towards the Company or any
right which the Company may have against the Client or his assets.
(c)If
the order is a result of the use of inside confidential information
(insider trading)
12.2. It is understood that any refusal by the Company to execute any
order shall not affect any obligation
which the client may have
towards the Company or any right which the Company may have against
the
customer or his assets.
14.1.If the prices quoted on the Trading Platform change such that the
total difference payable by you
pursuant to all of your open
Transaction equals or exceeds the total Maintenance Margin for all
such
Transactions, or the amount in your Trading Account is equal
to or less than the total Maintenance Margin
for all of your open
Transaction(s), or if we receive a charge-back from your credit card
issuer or with respect
to any other payment method for any
reason, you acknowledge that we have the right, in our sole
discretion,
to immediately close any and all of your open Transactions whether at
a loss or a profit and
liquidate your Trading Account without any
prior notice. The exercise of our right to force close your open
Transactions
will not result in termination of your account or of this Agreement,
unless we send you a notice
of termination.
14.2. Notwithstanding the foregoing, if the prices quoted on the
Trading Platform move against the price
of your Transaction, we
may, without obligation or liability, request that you increase the
amount in your
Trading Account, within a short period of time, to
cover the Difference and/or meet the Maintenance
Margin
requirements for the purpose of keeping a Transaction open. If you
fail to comply with a request for
additional funds within the
time prescribed by us, we may in our sole discretion, close any and
all of your
open Transaction whether at a loss or a profit and
liquidate your Trading Account for the Difference payable
by you.
It is your responsibility to monitor, at all times, the amount
deposited in your Trading Account
against the amount of any
Margin required as a result of your trading decisions.
14.3. We may specify on the Trading Platform expiration times and
dates for various Underlying Assets traded on
the Trading
Platform. If the Trading Platform specifies such a time of expiration
for an Underlying
Asset, you hereby authorize us to close any
open Transactions with respect to such an Underlying Asset at
the
price quoted on the Trading Platform at such time.
14.4. You acknowledge that the trading of certain Underlying Assets on
the Trading Platform may become
volatile very quickly and without
warning. Due to the high degree of risk involved in trading
volatile
16.9.It is commonly understood that any amount payable
by the Company to the Client, shall be paid
directly to the bank
account of the beneficial owner which is the Client. Fund transfer
requests are
processed by the Company within the time period
specified on the Company’s official website and the time
needed
for crediting into the Client’s personal account will depend on the
Client’s bank account provider.
brightfinance accepts no
responsibility for bank clearing.
The Company retains a right of set off and may, at its discretion,
from time to time and without the
Client’s authorization, set-off
any amounts held on behalf and/or to the credit of the Client against
the
Client’s obligation to the Company. Unless otherwise agreed
in writing by the Company and the Client, this
Agreement shall
not give rise to rights of credit facilities.
15.1. The Client has the right to withdraw the funds which are not
used for margin covering, free from any
obligations from his
Account without closing the said Account.
15.2. The Company reserves the right to decline a withdrawal request
if the request is not in accordance
with certain conditions
mentioned in this Agreement or delay the processing of the request if
not satisfied
on full documentation of the Client.
15.3. It is within the Client’s terms that any incurring bank fees
will be paid by him in case of funds
withdrawals from his trading
account to his designated bank account. The Client is fully
responsible for the
payments details that he has provided to the
Company and the Company accepts no responsibility if the Client has
provided false or inaccurate bank details.
15.4. The Client agrees that any amounts sent by the Client in the
Bank Accounts, will be deposited to the
Client’s trading account
at the value date of the payment received and net of any charges /
fees charged by
the Bank Account providers or any other
intermediary involved in such transaction process. In order for the
Company
to accept any deposits by the Client, the identification of the sender
must be verified and ensure
that the person depositing the funds
is the Client. If these conditions are not met, the Company reserves
the
right to refund the net amount deposited via the method used
by the depositor.
15.5. Withdrawals should be made using the same method used by the
Client to fund his trading account
and to the same remitter. The
Company reserves the right to decline a withdrawal with a specific
payment
method and to suggest another payment method where the
Client needs to complete a new withdrawal request. In the event that
the Company is not fully satisfied with the documentation provided in
relation to a
withdrawal request, the Company can request for
additional documentation and if the request is not
satisfied, the
Company can reverse the withdrawal request and deposit the funds back
to the Client’s trading
account.
15.6. In the event that any amount received in the Bank Accounts is
reversed by the Bank Account
provider at any time and for any
reason, the Company will immediately reverse the affected deposit
from
the Client’s trading account and further reserves the right
to reverse any other type of transactions effected
after the date
of the affected deposit. It is understood that these actions may
result in a negative balance in
all or any of the Client’s
trading account(s).
15.7. The Client agrees to waive any of his rights to receive any
interest earned in the funds held in
the Bank Account where
Client’s funds are kept.
15.8. The Client shall clearly specify his name and all required
information, in accordance with
international regulations related
to the fight against money laundering and terrorist financing, on
the
payment document. It is the Company’s policy not to accept
payments from third parties to be credited to
the Client’s
account.
15.9. The Company has the right to refuse a client’s
transferred funds in any of the following cases:
a)if the funds are transferred by a third party;
(b)if the
Company has reasonable grounds for suspecting that the person who
transferred the funds
was not a duly authorized person;
(c)if
the transfer violates spanish legislation;
15.10. In any of the above cases the Company will send back the
received funds to the remitter by the
same method as they were
received and the Client will suffer the relevant bank account provider
charges.
15.11.Client fund transfer requests will be performed from the
Company’s client portal located on its
official website. The
Company shall take every effort to notify clients prior to any fund
transfer request, of all charges, fees and costs for the said fund
transfer. The Company accepts no responsibility for fees applied on
any
transaction by your financial institution.
15.12. The Client acknowledges that in case where a client’s bank
account is freezed for any given period
and for any given reason
the Company assumes no responsibility and client’s funds will also be
freezed.
Furthermore, the client acknowledges that he has read
and understood the additional information provided
on each
payment method available on the Company’s client portal.
15.13.
To withdraw funds, a process is envisaged that includes the work of
two departments of The Company (Compliance And Finance). After a
regulated check of account ownership for a person, the withdrawal is
carried out through the financial department within terms that are
stipulated for each payment method.
15.14. The provision of documentation or any other type of Client
authentication as may be required from
time to time by Anti Money
Laundering (AML) regulations, Credit Card companies and the Company is
a
prerequisite, prior to the execution of a withdrawal order.
15.15. Credit card deposits may be, according to credit card
companies’ regulations, returned to same
credit card when a
withdrawal is performed. A withdrawal to a bank account where initial
deposits have
been performed by credit cards will be executed
back to credit card or to bank account at Company’s
discretion.
Withdrawals to bank account may take a longer time period, due to
additional security procedures and documentation from the Client.
Please note that we only accept
withdrawal requests of at least
100USD per transaction or total account balance.
15.16. When choosing an account base currency other than USD and EUR,
the Client’s credit card may be
debited sums which due to
exchange rates and credit card companies’ fees, may slightly vary from
the initial
sum that has been deposited by the Client in the
account base currency. The Client hereby accepts that such
variations
may occur and the Client hereby affirms that shall not seek to object
or charge this back. Note
that when using USD and EUR as account
base currency these phenomena will be avoided.
15.17. Wire Transfers: When depositing by a Bank Transfer, as required
by anti-money-laundering
regulations, the Client is required to
use only one bank account, which is in his/her country of residence
and
in his/her name. An authentic SWIFT confirmation or Transfer
Confirmation, showing the origin of the funds,
must be sent to
the Company. Failure to submit such SWIFT/Confirmation may result in
the return of the deposited amount; hence preventing the deposit of
such pending amounts to the Client’s trading account.
Any
withdrawal of funds, from the Client’s trading account to a bank
account, can only be refunded to the
same bank account that the
funds were originally received from.
16.1. Prior to trading CFDs, the Client needs to consider any
applicable charges such as spread(s),
commission(s) and swap(s).
The Client is solely responsible for requiring clarifications from the
Company in
relation to the above, if necessary.
16.2. By accepting the Client Agreement, the Client has read,
understood and accepted the information
available on the
Company’s Website www.brightfinance.co, in which all related spreads,
charges, margin,
interest and other rates are explained. The
Company reserves the right to amend, from time to time, at its
discretion any of the charges applicable to Client when trading
financial instruments without prior written notice to the latter; such
amendments will be available on the Company’s Website
www.brightfinance.co which the Client must review during the period
the Client is dealing with the Company and especially before and after
placing any orders to the Company.
16.3. The Client should note that not all charges are represented in monetary terms; for example, charges may appear as a percentage of the value of a CFD; therefore the Client needs to ensure that he/she understands the amount that the percentage amounts to.
16.4. The Client should note that any applicable charges will be instantly deducted from his/her Trading Account.
16.5. Spread(s) and Commission(s): The applicable spread(s) and
commission(s) charged when
conducting a trade are available
online on the Company’s website www.brightfinance.co.
16.6. The Client shall be obliged to pay all applicable VAT and other
taxes and all other fees incurred by
the Company in connection
with any Contract and/or in connection with maintaining the Client
relationship.
16.7 In respect of any transactions to be effected OTC, the Company
shall be entitled to quote prices at
which the Execution Venue is
prepared to trade with the Client. Save where the Company exercises
any
rights it may have under the Terms to close a Contract, it is
the Client’s responsibility to decide whether or
not it wishes to
enter into a Contract at such prices.
17.1 The Client shall pay to the Execution Venue on demand:
(a)Such
sums of money by way of deposits or as initial or variation Margin as
the Company may from
time to time require;
(b)Such sums of
money as may from time to time be due to the Execution Venue under a
Contract and
such sums as may be required in or towards clearance
of any debit balance on any Account;
(c)Such sums of money as the
Company may from time to time require as security for the
Client’s
obligations to the Execution Venue; and
(d)Any amount necessary
for maintaining a positive balance in any and all Accounts.
17.2. The Company’s negative balance protection policy ensures that In the event that a negative balance occurs in the Client’s Trading Account due to Stop Out, the Company will make a relevant adjustment of the full negative amount so as to the Client not to suffer the loss.
17.3. In the event funds are incorrectly placed into your account
and/or withdrawn by you, the Company
reserves the right to
retrieve these funds either directly from the account in question or
via any other
accounts held by the account holder with the
Company. In the event that there are open trades within the
account
the Company will contact the Client via email and inform the Client of
the actions to remedy the
situation and that any trades must be
closed. Failure of the Client to comply could result in insufficient
funds
in the account to hold the positions that are open and
could ultimately lead to the stopping out of the open
positions.
The Company will not be held liable for such events resulting in any
loss direct or indirect to the
Client.
18.1. In order to open a Transaction for an Underlying Asset, you
undertake to provide the Initial Margin
in your Trading Account.
In order to keep a Transaction open, you undertake to ensure that the
amount in
your Trading Account exceeds the Maintenance Margin.
You acknowledge that the Margin for each
Underlying Asset differs
and may be changed by us in our sole discretion from time to time.
Deposits into
your Trading Account can be made by wire transfer
or another method of payment, to a bank account, or
other
location, as we may notify to you from time to time.
Based on the
amount of money you have in your Trading Account, we retain the right
to limit the amount and total number of open Transactions that you may
wish to open or currently maintain on the Trading Platform. It is
understood that each different type of Trading Account offered by us
from time to time may have different Margin Requirements.
18.2. It is your responsibility to ensure that you understand how
Margin Requirements are calculated.
18.3. Unless a Force Majeure Event has occurred, the Company has the
right to change the Margin
requirements, giving to the Client
five (5) Business Days Written Notice prior to these amendments.
New
Margin Requirements shall be applied for new positions. The
Company has the right to change Margin
requirements without prior
notice to the Client in the case of Force Majeure Event. In this
situation the
Company has the right to apply new Margin
requirements to the new positions and to the positions which
are
already open. All changes shall be effected on the Platform and/or the
Website and the Client is
responsible to check for updates. It is
the Client’s responsibility to monitor at all times the amount
deposited
in his Trading Account against the amount of any Margin
required under this Agreement and any additional
margin that may
become necessary.
18.4. You are aware and acknowledge that we may, in our sole
discretion, require you to take certain
action in your Trading
Account pursuant to a Margin Call. A Margin Call may be based upon a
number of factors, including without limitation, your overall position
with us, your account size, the number of open transactions you have,
volume traded, your trade history and market conditions.
18.5. The Company shall not have an obligation to make any Margin Call
to the Clientbut in the event that it does, or in the event that the
Trading Platform warns the Client that it reached a certain percentage
of the margin in the Trading Account, the Client should take any or
any of the three options to deal with the situation:
(a)Limit his
exposure (close trades); or
(b)Hedge his positions (open counter
positions to the ones he has right now) while re-evaluating the
situation;
or
(c)Deposit more money in his Trading Account.
18.6. In the event the existing or deposited Margin in the Client’s
Account is not sufficient to meet the
required Margin rates , as
those are determined by the Company, the Client’s transactions and
account
might be immediately closed or terminated without notice.
Without prejudice to the generality of the
foregoing, the Company
reserves the right to start closing Client’s open positions starting
from the most
unprofitable, when the Margin in the Client’s
Account is less than 50% of the Margin or Leverage Level
Requirement.
In case the Margin is equal to or less than 20% of the Margin or
Leverage Level requirement,
then the Client’s open positions will
be automatically closed, starting from the most unprofitable during
the
relevant time market price, unless otherwise agreed on
specific account types.
18.7. Failure to meet the Margin Requirement at any time or failure to
make a Margin Payment when due
may result in force closure of
your open positions without further notice to you.
18.8. Margin shall be paid in monetary funds in the Currencyof the
Client Account.
18.9. The Client undertakes neither to create nor to have outstanding
any security interest whatsoever
over, nor to agree to assign or
transfer, any of the Margin transferred to the Company.
18.10. If you have more than one Trading Account with us, each Trading
Account will be treated entirely
separately. Therefore any credit
on one Trading Account (including amounts deposited as margin) will
not
discharge your liabilities in respect of any other Trading
Account. It is your responsibility to ensure the
required level
of margin is in place for each Trading Account separately.
19.1. Upon completing a Transaction and subject to any applicable
adjustments for interest as set forth in
this Agreement:
(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.
19.2. Unless we agree otherwise, all sums for which you are liable
pursuant to Paragraph 18.1 are due
immediately upon the closing
price of your Transaction being determined by us and the Transaction
being
closed19.3. You hereby authorize us to automatically
liquidate your Trading Account for the amounts for which
you are
liable pursuant to Paragraph 19.1 upon the closing of a Transaction,
or for any other amounts due by
you under this Agreement, without
further notice. Any failure to enforce our rights hereunder shall not
be
deemed a waiver by us to enforce our rights hereunder.
19.3. You hereby authorize us to automatically liquidate your Trading
Account for the amounts for which
you are liable pursuant to
Paragraph 19.1 upon the closing of a Transaction, or for any other
amounts due by
you under this Agreement, without further notice.
Any failure to enforce our rights hereunder shall not be
deemed a
waiver by us to enforce our rights hereunder.
19.4. Subject to any amounts for which you are liable under this
Agreement and the amount of the
Maintenance Margin required in
your Trading Account in accordance with this Agreement due to open
Transactions,
any money standing to the credit of your Trading Account will be
remitted to you upon your
request. Where you do not make such a
request, we will remit such monies to you according to paragraph
(Deposits
and Withdrawals) of this Client Agreement.
19.5. 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.
19.6. 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.
19.7. 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 require
tax payment from your side using crypto-currency or bank wire systems, with respect to your trading activity on the Trading Platform.
You are aware that we have a right of set-off against any amoin your Trading Account with respect to such
tax deductions, and you hereby 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.
19.8. You undertake to pay all stamp expenses relating to this
Agreement and any documentation which
may be required for the
carrying out of the Transactions under this trades at off-market
prices and/or outside operating hours and performs any other action
that constitutes improper trading;
-A petition is presented for
the winding-up or administration of the Client;
-An order is made
or a resolution is passed for the winding-up or administration of the
Client (other
than for the purposes of amalgamation or
reconstruction with the prior written approval of the Company);
-The
Client fails to fully comply with any obligations within the text of
these Terms or any Contract
including failure to meet margin
requirements;
-Any representation or warranty made or given
or
deemed made or given by the Client under this Agreement becomes untrue
or proves to have been false or misleading in any material respect as
at the time it was made or given or deemed made or given;
-The
Company is obliged to so by operation of law;
-Any other
situation where the Company reasonably considers it necessary or
desirable for its own
protection or any action is taken or event
occurs which the Company considers that might have a material
adverse
effect upon the Client’s ability to perform any of its obligations
under this Agreement;
-The Client involves the Company in any
type of fraud or illegality or breach of applicable regulations
or
is at risk of involving the Company in any type of fraud or illegality
or breach of the Applicable
Regulations;
-The Company
suspects that the Client is engaged into money laundering activities
or terrorist
financing or other criminal activities;
-The
Company reasonably suspects that the Client performed abusive
trading;.The Company reasonably suspects that the Client opened the
trading account fraudulently.
20.1. The Client acknowledges that no representations were made to him
by or on behalf of the Company which have in any way incited or
persuaded him to enter into the Agreement.
20.2. In case any provision of the Agreement is or becomes, at any
time, illegal, void or unenforceable in
any respect, in
accordance with a law and/or regulation of any jurisdiction, the
legality, validity or
enforceability of the remaining provisions
of the Agreement or the legality, validity or enforceability of
such
provision in accordance with the law and/or regulation of
any other jurisdiction, shall not be affected.
20.3. All Transactions on behalf of the Client shall be subject to the
laws which govern the establishment
and operation, the
regulations, arrangements, directives, circulars and customs
(jointlyhereinafter called
the “Laws and Regulations”) of the
Cyprus Securities and Exchange Commission (CySEC) and any other
authorities which govern the operation of the Investment Firms (as
defined in such Laws and Regulations), as they are amended or modified
from time to time. The Company shall be entitled to take or omit to
take any measures which it considers desirable in view of compliance
with the Laws and Regulations in force at the time. Any such measures
as may be taken and all the Laws and Regulations in force shall be
binding for the Client.
20.4. The Client shall take all reasonably necessary measures
(including, without prejudice to the
generality of the above, the
execution of all necessary documents) so that the Company may duly
fulfil its
obligations under the Agreement.
21.1. You acknowledge that all content, trademarks, services marks,
trade names, logos and icons and in
general all Intellectual
Property Rights on the brightfinance Website (www.brightfinance.co)
are the property of
brightfinance or its affiliates or agents and
are protected by copyright laws and international treaties and
provisions.
21.2. You agree not to delete any copyright notices or other
indications of protected intellectual property
rights from
materials that you print or download from the website. You will not
obtain any intellectual
property rights in, or any right or
license to use such materials or the website, other than as set out in
this
Agreement.
21.3. You also agree not to copy, record, edit, alter or remove any of
the materials on the brightfinance
website. This shall include,
without limitation, not removing, editing or otherwise interfering
with (or attempting to remove, edit or otherwise interfere with) any
name, marks, logos or branding on the brightfinance website.
21.4. Images displayed on the website are either the property of
brightfinance or used with permission. You
agree not to upload,
post, reproduce or distribute any information, software or other
material protected by
copyright or any other intellectual
property right (as well as rights of publicity and privacy) without
first
obtaining the permission of the owner of such rights and
the prior written consent of brightfinance.
21.5. Unless expressly stated otherwise are the brightfinance
surrendered materials and / or messages,
including ideas,
know-how, techniques, marketing plans, information, questions,
answers, suggestions, e-mails and comments, neither confidential nor
will the customer hold the intellectual property in it. The agreement
to the Terms and Conditions shall be regarded as authorizing the
brightfinance to use any customer data (excluding the personal
identification data of the customer). Such use does not require
additional client approvals and / or will not be billed separately.
If an Event of Default occurs the Company may, at its absolute
discretion, at any time and without prior written notice, be entitled
to take one or more of the following actions:
a)Terminate this
Agreement immediately without prior notice to the Client;
(b)Cancel
any open positions;
(c)Temporarily or permanently bar access to
the Platform and/or the Client’s trading account or suspend or
prohibit any functions of the platform;
(d)Reject or decline or
refuse to transmit or execute any order of the Client;
(e)Restrict
the Client’s trading activity;
(f)debit the Account(s) for the
amounts which are due to the Company;
(g)close or freeze any or
all of the Accounts held with the Company;
(h)In the case of
fraud, reverse the funds back to the real owner or according to the
instructions of the
law enforcement authorities of the relevant
country; we are continually developing tools to monitor any fraudulent
activity and any cases from such activity will be decided on by
ourselves and any decision made shall be final and non negotiable.
e)We
reserve the right to deduct the disputed amount until any
investigation from our side is completed.
23.1. This Agreement and all transactional relations between the
Client and the Company are governed by
the Laws of Marshall
Islands and the competent court for the settlement of any dispute
which may arise between
them shall be the District Court of the
district in which the Company’s headquarters are located.
23.2. The Company may use a Third Party in a country outside European
Economic Area and where the
holding and safekeeping of financial
instruments is not regulated. The Company will only do so when the
nature
of the financial instruments or of the other services provided for the
Client requires them to be
deposited with such a Third Party or
where the Company consider that this course of action is consistent
with
the Company’s obligations and services to the Client.
**Capital Letter GmbH, HRB242418, Adolf-Kolping-Straße 16, 80336 München, Germany. Capital Letter LTD, P.O. Box 1405, Majuro, Marshall Islands, REG. No.: 100949.** The Financial Products offered by the company include Contracts for Difference (‘CFDs’) and other complex financial products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered please ensure to understand the risks involved. One of the international standards for preventing illegal activity, fraudulence and due to the standards of anti-money laundering policy, a customer has to pass the verification procedure. Our company is following international KYC policy, that allows us to verify identity of a certain customer, to make sure that a customer is a real person, he is over 18 years old and the card/s he used belongs directly to him. Also we are cooperating with processors, and processors are informing us right away once they noticed any fraudulent activity with the card from their side. Basically, our KYC policy is 100% guarantor of security and placed in order to prevent fraudulence. This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
