Terms And Conditions

Retail Client Agreement

Note: The English version of this Agreement is the official and legally binding version. In the event of any discrepancies between translations, the English version shall take precedence.

This Retail Client Agreement (referred to as the “Agreement”), along with any related Schedules and supporting documents, outlines the terms and conditions governing the relationship between you (the “Client”) and the Company.
By signing this Agreement, you confirm that you have read, understood, and agreed to all terms set forth herein.

In this Agreement: “Account” means the trading account you hold with DCXONE, designated with a unique account number. “Agreement” means these Terms and Conditions for the Services offered by DCXONE. “Applicable Regulations” means the relevant financial laws, including the applicable regulatory framework, and all other applicable laws, rules, and regulations as in force from time to time. “Associate” means an undertaking in the same group as DCXONE, a representative whom we appoint, or any other person with whom we have a relationship that might reasonably be expected to give rise to a community of interest between us and them. “Base Currency” means US Dollars.

“Balance” means the sum held on behalf of the Customer in their Account at any given time. “Bank Account Details” means the details of your bank account into which DCXONE will credit any profits withdrawn, amounts requested via withdrawal, remaining funds in your trading account, and/or any other funds to be returned to you. “Business Day” means a day that is not a Saturday, Sunday, or public holiday, and on which banks are open for business in the jurisdiction where DCXONE operates. “Close Position” means a purchase (or sale) transaction that is offset by an opposite sale (or purchase) of the same contract. “Contract for Differences” or “CFD” means any financial instrument made available for trading via DCXONE’s trading platform(s). “Credit Support Provider” means any person who has entered into a guarantee, hypothecation, margin, or security agreement in our favor, relating to your obligations under this Agreement.

“CRS” shall refer to the Common Reporting Standard (CRS) as developed by the Organization for Economic Co-operation and Development (OECD) for the Automatic Exchange of Financial Account Information, which forms the legal basis for the exchange of data with regards to tax matters. “Electronic Services” means a service provided by DCXONE, for example, an internet trading service offering clients access to information and trading facilities via an internet service, a WAP service, and/or an electronic order routing system. “Event of Default” means any of the events of default as listed in Clause 15.1 to Clause 15.9 of Clause 14.1 (Events of Default).

“Execution” means the completion of clients’ orders on DCXONE’s trading platform, where DCXONE acts as the Execution Venue for clients’ transactions. “FATCA” is an abbreviation for Foreign Account Tax Compliance Act. “FFI” is an abbreviation for Foreign Financial Institution. “Financial Instruments” means any of the financial instruments offered by DCXONE and which are defined as such under applicable Law or Regulation. According to DCXONE’s license, these are:

  1. “Execution” means the completion of clients’ orders on DCXONE’s trading platform, where DCXONE acts as the Execution Venue for clients’ transactions. “FATCA” is an abbreviation for Foreign Account Tax Compliance Act. “FFI” is an abbreviation for Foreign Financial Institution. “Financial Instruments” means any of the financial instruments offered by DCXONE and which are defined as such under applicable Law or Regulation. According to DCXONE’s license, these are: i. Transferable securities; ii. Money market instruments; iii. Units in collective investment undertakings; iv. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash; v. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event); vi. Options, futures, swaps, and any other derivative contracts relating to commodities that can be physically settled provided that they are traded on a regulated market and/or an MTF; vii. Options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in point (vi) above and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognized clearing houses or are subject to regular margin calls; viii. Derivative instruments for the transfer of credit risk; ix. Financial contracts for differences; x. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event), as well as any other derivative contracts relating to assets, rights, obligations, indices and measures not otherwise mentioned in this Part, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market or an MTF, are cleared and settled through recognized clearing houses or are subject to regular margin calls.

“FSA” is an abbreviation for Financial Services Authority Seychelles.

“FX Contract” means a contract between DCXONE and its Client to exchange two currencies at an agreed exchange rate. “Order” means the request/instruction given by the Customer to DCXONE in the Customer’s Account. “OTC” means ‘over the counter’ and refers to transactions conducted otherwise than on an exchange.

“DCXONE Trading Desk” means the trading desk operated by us at our premises, the Headquarters of DCXONE located at [insert your actual address]. “DCXONE Online Trading System” means the internet-based trading system available at DCXONE’s website that allows you to provide us with instructions. “US Reportable Persons” – In accordance with FATCA, a US Reportable Person is: 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 administration 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.

“Secured Obligations” means the net obligation owed by you to DCXONE after the application of set-off under clause 13 (Clients Funds) in the paragraph entitled (Set-off on default).

“Services” means the investment services which will be provided by DCXONE to the customers and are governed by this Agreement as described herein. “System” means all computer hardware and software, equipment, network facilities, and other resources and facilities needed to enable you to use an Electronic Service. “Transaction” means any type of transaction subject to this Agreement and includes a CFD, spot or forward contract of any kind, future, option, or other derivative contract in relation to any commodity, financial instrument (including any security), currency, interest rate, index, or any combination thereof, and any other transaction or financial instrument for which DCXONE is authorized under its license from time to time which we both agree shall be a Transaction.

Scope of the Agreement

This Agreement sets out the basis on which DCXONE will provide services to you. This Agreement governs each Transaction entered into or outstanding between us on or after the execution of this Agreement.

Commencement

This Agreement supersedes any previous agreement between you and us on the same subject matter and takes effect when you indicate your acceptance via our website. This Agreement shall apply to all Transactions contemplated under this Agreement. The relationship between the Customer and DCXONE shall be governed by this Agreement. This Agreement is a distance contract and has the same rights and liabilities as a duly signed contract. In the event you, the Customer, wish to have a signed Agreement, the Customer should print and send 2 (two) copies to DCXONE, where DCXONE will sign and stamp the Agreements and send a copy back to the Customer. We reserve the right to change this Agreement at any time and notify you of any such change either via email or through DCXONE’s website. Any changes to the Agreement will not apply to transactions performed prior to the date on which the changes become effective unless specifically agreed otherwise. In case you disagree with the changes, you may terminate the Agreement in accordance with Clause 18 herein.

Information About Us

We,

In this Agreement: “Account” means the trading account you hold with DCXONE and designated with a unique account number. “Agreement” means these Terms and Conditions for the Services offered by DCXONE. “Applicable Regulations” means the Seychelles Securities Act 2007; and all other applicable laws, rules, and regulations as in force from time to time. “Associate” means an undertaking in the same group as DCXONE, a representative whom we appoint, or any other person with whom we have a relationship that might reasonably be expected to give rise to a community of interest between us and them. “Base Currency” means US Dollars.

“Balance” means the sum held on behalf of the Customer on its Account within any period of time. “Bank Account Details” means the details of your bank account into which DCXONE will credit the amount of profits withdrawn and/or any amount from a withdrawal request and/or any funds remaining in your trading account and/or any other amount of funds need to be returned to you. “Business Day” means a day which is not a Saturday or a Sunday or a public holiday in Seychelles and upon which banks are open for business in Seychelles. “Close Position” means a deal of purchase (sale) covered by the opposite sale (purchase) of the contract. “Contract for Differences” or “CFD” means any financial instrument that is available for trading through DCXONE’s trading platform(s). “Credit Support Provider” means any person who has entered into any guarantee, hypothecation, agreement, margin or security agreement in our favor in respect of your obligations under this Agreement.

“CRS” shall refer to the Common Reporting Standard (CRS) as developed by the Organization for Economic Co-operation and Development (OECD) for the Automatic Exchange of Financial Account Information which forms the legal basis for exchange of data with regards to Tax matters; “Electronic Services” means a service provided by DCXONE, for example an Internet trading service offering clients access to information and trading facilities, via an internet service, a WAP service and/or an electronic order routing system. “Event of Default” means any of the events of default as listed in Clause 15.1 to Clause 15.9 of Clause 14.1 (Events of Default).

Language

This Agreement is supplied to you in English and DCXONE will continue to communicate with you in English for the duration of this Agreement. However, where possible, we will communicate with you in other languages in addition to English.

Communication with Us

You may communicate with us in writing (including fax), by email or other electronic means, or orally (including by telephone). Our contact details are set out in Clause 20 (Miscellaneous) under the heading “Notices.” 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 contains 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.

DCXONE monitors your communications to evaluate the quality of service you receive, your compliance with this Agreement, the security of the website, or for other reasons. You agree that such monitoring activities will not entitle you to any cause of action or other right with respect to the manner in which DCXONE monitors your communications.

Legal Age

DCXONE’s services and products traded are only available to individuals who are at least 18 years old (and at least the legal age in your jurisdiction). You represent and warrant that if you are an individual, you are at least 18 years old and of legal age in your jurisdiction to form a binding contract, and that all registration information you submit is accurate and truthful. DCXONE reserves the right to ask for proof of age from you and your account may be suspended until satisfactory proof of age is provided. DCXONE may, in its sole discretion, refuse to offer its products and services to any person or entity and change its eligibility criteria at any time.

Capacity

We act as principal and not as agent on your behalf and you enter this Agreement as principal and not as agent (or trustee) on behalf of someone else. We shall treat you as a retail client for the purposes of all the Applicable Regulations. You have the right to request a different client categorisation. However, if you do request such different categorisation and we agree to such categorisation, the protection afforded by the Applicable Regulations may be reduced. This may include, but is not limited to: 1. the requirement for us to act in accordance with your best interests; 2. our obligation to provide appropriate information to you before providing the services; 3. the restriction on the payment or receipt by us of any inducements; 4. our obligation to achieve best execution in respect of your orders; 5. the requirement to implement procedures and arrangements which provide for the prompt, fair and expeditious execution of your orders; and 6. the requirement that you receive from us adequate reports on the services provided to you.

Banned/Not Permitted Jurisdictions

DCXONE reserves the right and is entitled at any time, at its sole discretion, to restrict offering its services to certain jurisdictions and consider them as banned countries in terms of engagement with potential clients. Currently, DCXONE does not accept new clients and/or the opening of new accounts from the following jurisdictions: Australia, Brazil, Democratic Republic of Congo, Eritrea, Hong Kong, Israel, Japan, Libyan Arab Jamahiriya, New Zealand, North Cyprus, North Korea, Russia, Singapore, Somalia, Sudan, all USA jurisdictions, and all EU Countries. The list of banned countries is subject to alteration at any time that DCXONE deems proper, at its sole discretion, without prior notice. The Customer hereby confirms that by agreeing to this Agreement, they are not residing in one of the countries mentioned on the aforementioned list and covenants to inform DCXONE should their situation alter in any way. DCXONE reserves the right to request any additional information it deems necessary to verify compliance with this clause.

General Interpretation

A reference in this Agreement to a “clause” or “Schedule” shall be construed as a reference to, respectively, a clause or Schedule of this Agreement, unless the context requires otherwise. References in this Agreement to any statute or statutory instrument or Applicable Regulations include any modification, amendment, extension or re-enactment thereof. A reference in this Agreement to “document” shall be construed to include any electronic document. The masculine includes the feminine and the neuter and the singular includes the plural and vice versa as the context admits or requires. Words and phrases defined in the Applicable Regulations have the same meaning in this Agreement unless expressly defined in this Agreement.

Schedules

The clauses contained in the attached Schedule (as amended from time to time) shall apply. We may from time to time send to you further Schedules in respect of Transactions. In the event of any conflict between the clauses of any Schedule and this Agreement, the clauses of the Schedule shall prevail. The fact that a clause is specifically included in a Schedule in respect of one Transaction shall not preclude a similar clause being expressed or implied in relation to any other Transaction. You acknowledge having read, understood, and agreed to the Schedules to this Agreement.

Headings

Headings are for ease of reference only and do not form part of this Agreement.

Subject to Applicable Regulations

This Agreement and all Transactions are subject to Applicable Regulations. Accordingly:

  1. Nothing in this Agreement shall exclude or restrict any obligation which we owe to you under Applicable Regulations.
  2. We may take or omit to take any action that we deem necessary to ensure compliance with any Applicable Regulations.

  3. All Applicable Regulations and any actions we take or do not take in order to comply with them shall be binding upon you.

  4. Such compliance actions will not render us, or any of our directors, officers, employees, or agents, liable.

Action by Regulatory Body

If a regulatory body takes any action which affects a Transaction, then we may take any action which we, in our reasonable discretion, consider desirable to correspond with such action or to mitigate any loss incurred as a result of such action. Any such action shall be binding on you. If a regulatory body makes an enquiry in respect of any of your Transactions, you agree to co-operate with us and to promptly supply information requested in connection with the enquiry.

Additional Costs

You should be aware of the possibility that other taxes or costs may exist that are not paid through or imposed by us. In case of any value added tax or any other tax obligations that arise in relation to a transaction performed on your behalf or any other action performed under this Agreement for you, the amount incurred is fully payable by you and in this respect you must pay DCXONE when so requested and DCXONE is fully entitled to debit your account with the outstanding amount to be settled (excluding taxes payable by DCXONE in relation to DCXONE’s income or profits).

Payments

All payments to us under this Agreement shall be made in such currency as we may from time to time specify to the bank account designated by us for such purposes. All such payments shall be made by you without any deduction or withholding. DCXONE is the entity that is responsible for Skrill and NETELLER payments.

Remuneration & Fee Sharing

We may share charges with partners, affiliates, business introducers, and agents in connection with Transactions carried out on your behalf. If you require more information on the fees and commissions that we pay to business introducers and other affiliates, inform us and we will provide you with further information.

Rollovers & Interest Charges

A daily financing charge may apply to each FX/CFD open position at the closing of DCXONE’s trading day as regards that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by the Client directly to DCXONE or it will be paid by DCXONE to the Client, depending on the type of FX/CFD and the nature of the position the Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to the Client’s account on the next trading day following the day to which it relates. DCXONE reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by the Client to open and close FX/CFD positions. Such commission payable will be debited from the Client’s account at the same time as DCXONE opens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity, etc.) and due to various risk-related matters that are at the firm’s sole discretion.

CFD Rollovers

The future contract on which a CFD is based has an expiration date, and clients will be able to close their CFD positions until this date. In order to ensure continuous trading conditions for the client, when a future contract that a CFD is based on reaches its maturity, the underlying asset of that CFD will be switched to the next maturity of the same futures contract. A calendar of such rollovers is mentioned on the DCXONE.com section “CFD Expiration Dates.” A premium will be either added or subtracted from the client’s account, based on the difference in prices between the two futures contracts. Example: If you sell 1 lot EURUSD, you will pay rollover costs on 100,000 Euro, which at the current rate would be $0.017. This rate may vary over time; for actual rates please check the “CFD Expiration Dates” on our website.

Overnight Swap/Rollover

Any open FX/CFD transaction held by the Client at the end of the trading day as determined by DCXONE or over the weekend, shall automatically be rolled over to the next business day so as to avoid an automatic close and physical settlement of the transaction. The Client acknowledges that when rolling over such transactions to the next business day, a premium may be either added or subtracted from the Client’s account with respect to such transaction. The platform calculates overnight rollover at 22:00 GMT (21:00 GMT, summertime) and the rollover charge/credit is debited or credited to and from the trading account. For FX pairs, on Wednesday at 22:00 GMT (21:00 GMT, summertime), overnight rollover fees are multiplied by three (x3) in order to compensate for the upcoming weekend. For Shares CFD, on Friday at 22:00 GMT (21:00 GMT, summertime), overnight rollover fees are multiplied by three (x3) in order to compensate for the Wednesday: Gold and Silver, and the following FX pairs on Thursday: EUR/RUB, USD/RUB, USD/CAD, USD/TRY. The premium amount shall be determined by DCXONE from time to time, in DCXONE’s absolute discretion. The Client hereby authorizes DCXONE to add or subtract the premium to or from the Client’s account for any open transaction that has accrued a premium, in accordance with the applicable rate thereto, each day at the time of collection specified on the trading platform for each individual instrument, as applicable.

You have a right to cancel this Agreement within a period of fourteen days commencing on the date on which this Agreement is concluded or the date on which you receive this Agreement (whichever is later) (the “Cancellation Period”). Should you wish to cancel this Agreement within the Cancellation Period, you should send a notice in writing to the following address: [Your DCXONE Office Address], or electronically to the following email address: support@dcxone.com. 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 but you may terminate this Agreement in accordance with clause 18 (Termination without Default).

Execution only

DCXONE deals on an execution only basis and does not advise on the merits of particular Transactions, or their taxation consequences.

Own judgment and suitability

Without prejudice to our foregoing obligations, in asking us to enter into any Transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the Transaction. You represent that you have sufficient knowledge, market sophistication, professional advice, and experience to make your own evaluation of the merits and risks of any Transaction and that you have read and accepted the Risk Disclosure Statement and guidelines in relation to the financial instruments and the markets which are available on our website. We give you no warranty as to the suitability of the products traded under this Agreement and assume no fiduciary duty in our relations with you.

You assume all responsibility in relation to any investment strategy, transaction or investment, tax costs, and for any consequences arising from any transaction that you perform, and DCXONE shall not be held responsible nor shall you rely on DCXONE for the aforementioned.

Incidental information and investment research

Where we do provide generic trading recommendations, market commentary or other information in our newsletters and/or website:

  1. This is incidental to your dealing relationship with us. It is provided solely to enable you to make your own investment decisions and does not amount to investment advice;
  2. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction.
  3. we give no representation, warranty or guarantee as to the accuracy or completeness of such information or as to the tax consequences of any Transaction;
  4. You accept that prior to dispatch, we may have acted upon it ourselves or made use of the information on which it is based. We do not make representations as to the time of receipt by you and cannot guarantee that you will receive such information at the same time as other clients. Any published research reports or recommendations may appear in one or more screen information service.
Conflicts of interest policy

Under Applicable Regulations, DCXONE is required to have arrangements in place to manage conflicts of interest between DCXONE and its Customers and between other Customers. In this respect, DCXONE will make all reasonable efforts to avoid conflicts of interest; when they cannot be avoided DCXONE shall ensure that you are treated fairly and at the highest level of integrity and that your interests are protected at all times. You acknowledge and accept that you have read and accepted the Conflict of Interest Policy, which was provided to you during the registration process and is uploaded on DCXONE’s official website.

The Client acknowledges and accepts that DCXONE reserves the right, upon written notice, to freeze any trading account by virtue of any legal and/or regulatory requirements.

Documents

When you register for the Services, DCXONE will ask you to provide certain identifying information, as part of the account opening procedure that will allow us to identify you and categorise you.

You acknowledge your willingness to share with DCXONE certain private information which it uses for the purpose of confirming your identity and categorizing you. This information is collected in line with our stringent verification procedures which are used to deter international money laundering operations and to ensure the security and safety of our customers’ trading activity throughout and is subject to DCXONE’s “Privacy Policy.”

You are requested to provide your bank account details prior to the opening of your trading account in order for DCXONE to be able to return any funds relating to your trading account.

You are requested to provide your bank account details prior to the opening of your trading account in order for DCXONE to be able to return any funds relating to your trading account.

Currency of Accounts

You will be able to open your trading Account(s) in USD, EUR, GBP, or any currency that may be offered by DCXONE. Account(s) balances will be calculated and reported to you in the currency in which Account(s) are maintained.

Joint Accounts

In addition to the conditions listed in Clause 9 in the paragraph entitled “Authority” with regards to joint Account holders, the following additional conditions apply. Where your trading Account held with DCXONE, is jointly owned by two or more beneficiaries:

  1. Each joint Account holder will be jointly and severally liable for all obligations to DCXONE arising in respect of your joint trading Account.

  2. Each of you is separately responsible for complying with the terms of this Agreement.

  3. If there is a dispute between you which we know about, we may insist that both or all of you authorise written instructions to us.

  4. If one of you dies, the survivor(s) may continue to operate the trading Account and if there is more than one survivor, the provisions of this paragraph will continue to apply to the trading Account.

  5. Where you provide personal and financial information relating to other joint Account holders for the purpose of opening or administering your trading Account you confirm that you have their consent or are otherwise entitled to provide this information to us and for us to use it in accordance with this Agreement.

  6. Any of you may request closure and the redirection of balances, unless there are circumstances that require us to obtain authorisation from all of you.

  7. Each of you will be given sole access to the funds initially deposited by you in your joint trading Account. Should you wish to withdraw these funds from your trading Account, you will be required to complete and sign a withdrawal form or an electronic withdrawal form, upon receipt of the completed withdrawal form you will be granted permission by DCXONE to withdraw funds up to the amount of available account balance, provided that the conditions for withdrawals stipulated in clause 9 are satisfied. DCXONE will credit the amount withdrawn in the same bank account, credit/debit card or other payment method from where it was originally debited.

  8. In the case of withdrawal from joint trading accounts, if any of the account beneficiaries wishes to withdraw funds from the joint trading Account, you will be required to complete and sign a withdrawal form or an electronic withdrawal form, provided that the conditions for withdrawals stipulated in clause 9 are satisfied. Upon receipt of the completed withdrawal form you will be granted permission by DCXONE to withdraw any funds from the joint trading Account. DCXONE will credit the amount of funds withdrawn in the same bank account, credit/debit card or other payment method from where it was originally debited.

  9. In order for this Agreement to be valid and binding it is required that all joint Account holders sign the Agreement and in case any of the Account holders wish to terminate this Agreement and close the joint trading Account held with DCXONE, the written consent of all Account holders shall be obtained in accordance with the provisions of clause 17 of this Agreement.

  10. Without limiting the foregoing, DCXONE is required to comply based on the Intergovernmental Agreement between Seychelles and the United States and has taken all reasonable steps to be considered in compliance with FATCA. The Client acknowledges and accepts that DCXONE, as an FFI, is required to disclose information in relation to any US reportable persons to the relevant authorities, as per the reporting requirements of FATCA. The Client may contact DCXONE for additional information and/or clarifications prior to the signing of this Agreement.

  11. We may collect, store and process information obtained from you or otherwise in connection with the Agreement and the Transactions for the purpose of complying with the CRS, for tax purposes information.

Islamic Accounts

In the event of a customer who due to its observance of Islamic religious beliefs cannot receive or pay interest, such customer may elect to designate, in the manner provided by DCXONE as this may be altered from time to time, their trading account to be a swap-free account not charged with or entitled to premiums and/or rollovers and/or interest (“Islamic Account”). We reserve the right to revoke the Swap-free status granted to any real trading Account at any time without being obliged to provide any explanation or justification. Such action will routinely be taken in cases where trades are held for more than 7 days or to close the positions. The customer hereby confirms and/or accepts and/or declares that a request to render their account as Islamic shall only be made due to the said Islamic religious beliefs and for no other reason whatsoever. DCXONE reserves the right to refuse accepting the request of a customer to designate their account as an Islamic Account, upon its sole and absolute discretion which shall be conclusive and undisputable upon the customer.

In the event that DCXONE suspects that a customer is abusing the rights conferred to them by the classification of the account as Islamic Account, DCXONE has the right, without prior notice, to proceed with one or more of the following:

DCXONE may add commission upon each and every one of the trades executed on the Islamic Account; and/or

DCXONE may cancel the special rights and/or conditions conferred to the Account due to its classification as Islamic Account, recall the designation of the Account as Islamic Account and render it a normal trading Account; and/or

DCXONE may restrict and/or prohibit the customer from hedging their positions; and/or

DCXONE may, upon its sole discretion, close any open positions and reinstate them upon the then real market price. The customer hereby acknowledges that they shall bear all costs derived from the aforementioned action, including but not limited to, the cost on the change of the spread.

Bonus Policy for Forex & CFDs

DCXONE provides exclusive promotional rewards to both new and existing users, including trading bonuses and limited-time credit offers. These promotions are designed to enhance your trading experience but are subject to specific terms and conditions which may be updated at any time.

You’ll always have the option to accept or decline any bonus offered. By agreeing to our platform’s terms during registration, you acknowledge that bonus rewards are promotional in nature, hold no monetary value outside of your account, and are valid only for the duration of the promotion.

Scope

DCXONE offers a number of attractive reward features to new and existing clients, including bonuses and one-time trading credits. These bonuses are limited-time offers, and the terms and conditions associated with any bonus reward are subject to change. You will be given the opportunity to accept or decline any bonus reward you are offered. Please note that by accepting the terms and conditions when registering with our Company, you acknowledge that these promotions are limited in nature and have no actual value except while held in your account.

For any questions or further information regarding awards and bonuses, you are advised to review the Bonus Policy. Additionally, please ensure that you submit any inquiries in writing to your account manager before participating in any promotions.

Placing of instructions

You may provide instructions to us electronically via the Centinary Online Trading System. If we receive instructions from you through telephone, computer, or any other medium, we may request written confirmation. However, we are authorized to act on such instructions even if you fail to provide written confirmation. For the purposes of this Agreement, the terms “instructions” and “orders” shall be considered interchangeable.

Credit Facility Policies and Procedures

Traders are permitted to request a credit facility in cases where they face difficulties arranging trading funds, subject to the following conditions. The credited amount will be treated as a bonus, even though it is directly added to the account balance. Therefore, all terms and conditions applicable to bonuses will also apply to the credit facility.

Clients must fulfill the required trading volume in order to withdraw any profits generated from the credit facility. The required trading volume is 100,000 per $1 of Credit/Bonus.

Types of Orders Accepted

Centinary accepts various types of trading orders, including but not limited to:

  • a) Good Till Cancelled (GTC):
    An order (excluding market orders) that remains active until it is either filled or manually cancelled by the client. GTC orders are not automatically cancelled at the end of the business day.
  • b) Limit Order: An order to buy or sell a market at a specified price.
    • A buy limit order is triggered when the ask price equals or drops below the specified price.
    • A sell limit order is triggered when the bid price equals or exceeds the specified price.

  • c) Market Order:

    An order to buy or sell at the current market price as provided on the Centinary Online Trading System.

    • A buy executes at the current ask price
    • A sell executes at the current bid price
  • d) One Cancels the Other (OCO):
    A pair of linked orders. If one is executed, the other is automatically cancelled.

  • e) Stop Loss Order:
    An order to buy or sell at a price worse than the opening price of a position, used to limit potential losses.
    Note: Due to market gapping, execution may occur at a different price than specified, and stop loss orders are not guaranteed to execute at the set price.

  • f) Trailing Stop Order:
    Functions like a stop loss, but the trigger price moves with the market.
    For example:

    • In a long position, if the market price increases, the trailing stop price also increases, maintaining the set distance.

    • If the price then falls, the trailing stop stays fixed.

    • If the price hits the trailing stop, the order is executed.
      Note: Market gaps may result in execution at a different price than the trailing stop level.

  • g) Gap:
    A sharp move in price with no trading in between, often caused by news or strong buying/selling pressure. In case of a gap, all orders will be filled on a best-effort basis at the next available price — not necessarily at your specified order level.

Currency of Trades

Unless otherwise specified by the Company, all trades shall be conducted in United States Dollars (USD).

Terms of Acceptance for Orders

You can place an Order via DCXONE’s Trading Platform. Once your instructions or Orders are received by DCXONE, they cannot be revoked, except with DCXONE’s written consent which may be given at DCXONE’s sole and absolute discretion. DCXONE shall have no liability for failure to execute orders. DCXONE shall have the right, but not the obligation, to reject any order in whole or in part prior to execution, or to cancel any order, where your Account contains funds that are insufficient to support the entire order or where such order is illegal or otherwise improper.

DCXONE may, in certain circumstances accept instructions, by telephone via DCXONE’s Dealing Room, provided that DCXONE is satisfied, at its full discretion, of your identity and DCXONE is further also satisfied with the clarity of instructions. In case of an Order received by DCXONE by any means other than through the Trading Platform, the Order will be transmitted by DCXONE to the Trading Platform and processed as if it was received through the Trading Platform. It is understood that an Order will not be affected. In the event that DCXONE wishes to confirm in any manner any instructions and/or Orders and/or communications sent through the telephone, it reserves the right to do so. You accept that there is a risk of misinterpretation or mistakes in the instructions or Orders sent through the telephone, regardless of what caused them, including, among others, technical failures.

Execution Policy

We are required to have an execution policy and to provide our clients with appropriate information in relation to our execution policy. DCXONE takes all reasonable steps to obtain the best possible results for its Customers. DCXONE’s Best Execution Policy sets out a general overview on how orders are executed as well as several other factors that can affect the execution of a financial instrument. Where you place orders with us, the execution factors that we consider and their relative importance is as set out below:

  1. Price. The relative importance we attach is “high”.

  2. Speed. The relative importance we attach is “high”.

  3. Likelihood of execution and settlement. The relative importance we attach is “high”.

  4. Size. The relative importance we attach is “high”. We are the principal to every order you place with us and therefore we are the only execution venue.

Authority

We shall be entitled to act for you upon instructions given or purporting to be given by you without further enquiry as to the genuineness, authority or identity of the person giving or purporting to give such instructions provided such instruction is accompanied by your correct Account number and password. If your Account is a joint account, you agree that we are authorized to act on the instructions of any one person in whose name the Account is held, without further inquiry. We shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by us in reliance on any such instructions or on the apparent authority of any such persons.

Cancellation/withdrawal of instructions

Orders may be cancelled via the DCXONE Online Trading System but we can only cancel your instructions if you explicitly request so, provided that we have not acted up to the time of your request upon those instructions. Executed instructions may only be withdrawn or amended by you with our consent. DCXONE shall have no liability for any claims, losses, damages, costs or expenses, including legal fees, arising directly or indirectly out of the failure of such order to be cancelled.

Right not to accept orders

We may, but shall not be obliged to, accept instructions to enter into a Transaction. If we decline to enter into a proposed Transaction, we shall not be obliged to give a reason but we shall promptly notify you accordingly.

Control of orders prior to execution

We have the right (but no obligation) to set limits and/or parameters to control your ability to place orders at our absolute discretion. Such limits and/or parameters may be amended, increased, decreased, removed or added to by us at our absolute discretion and may include (without limitation):

  1. controls over maximum amounts placed to open a position using any of DCXONE’s products;
  2. controls over maximum positions placed per trader and per asset;
  3. controls over our total exposure to you;
  4. controls over prices at which orders may be submitted (to include (without limitation) controls over orders which are at a price which differs greatly from the market price at the time the order is submitted to the order book);
  5. controls over the Electronic Services (to include (without limitation) any verification procedures to ensure that any particular order or orders has come from you); or
  6. any other limits, parameters or controls which we may be required to implement in accordance with Applicable Regulations. Should you surpass the limits and/or parameter we set, your trade shall be blocked and/or suspended.

The position limits will be notified in advance to you either through DCXONE’s website or trading platforms.

Trade Adjustments

Clients must be aware that Forex transactions carry a high degree of risk. The amount of initial margin may be small relative to the value of the foreign currency so that transactions are ‘leveraged’ or ‘geared’. A relatively small market movement may have a proportionately larger impact on the funds that the Client has deposited or will have to deposit. This may work against as well as for the client. DCXONE exclusively reserves the right to widen its variable spreads, adjust leverage, change its rollover rates and/or increase the margin requirements without notice under certain market conditions including, but not limited to, when the trading desk is closed, around fundamental announcements, as a result of changes in credit markets and/or at times of extreme market volatility. In such circumstances, the Client agrees to indemnify DCXONE for any and all losses that may occur due the widening of spreads and the adjustment of leverage.

Furthermore, it should be noted that DCXONE operates on a ‘negative balance protection’ basis; this means that you cannot lose more than your initial investment.

Execution of orders

We shall use our reasonable endeavors to execute any order promptly, but in accepting your orders we do not represent or warrant that it will be possible to execute such order or that execution will be possible according to your instructions. If we encounter any material difficulty relevant to the proper carrying out of an order on your behalf we shall notify you promptly.

Confirmations

At the end of each trading day, confirmations for all Transactions that we have executed on your behalf on that trading day will be available via your online Account on our website. It is your responsibility to notify DCXONE if any confirmations are incorrect. Confirmations shall, in the absence of manifest error, be conclusive and binding on you, unless you place your objection in writing within 5 Business Days. You may request to receive the Account statement monthly or quarterly via email, by providing such a request to DCXONE, but DCXONE is not obliged to provide you with the paper Account statement. The Account statement may be provided at the expense of the client.

Cancellation of trades

We have the right to reject an order or to cancel a transaction if we have adequate reasons/evidence that the following have occurred:

  1. fraud/illegal actions that led to the transaction,
  2. any instance when DCXONE has cause to believe that a person’s trading activities may be illegal;
  3. any instance where DCXONE may suffer any fiscal, regulatory, or pecuniary disadvantage by virtue of anyone’s activities;
  4. any instance where one or more transactions are judged by DCXONE to have been performed in violation of this Agreement.
  5. orders placed based on manipulated prices as a result of system errors or system malfunctions,
  6. arbitrage trading on prices offered by our platforms as a result of systems errors; and
  7. coordinated transactions by related parties in order to take advantage of systems errors and delays on systems updates. We reserve the right to cancel any and/or all trading positions and withhold and/or forfeit any profits incurred by the Customer on all the Customer’s trades if we consider that the Customer has engaged in market Arbitrage.
Disabling and Cancelling Deposits

We have the right not to accept funds deposited by you and/or to cancel your deposits in the following circumstances:

  1. if you fail to provide DCXONE with any documents it requests from you either for client identification purposes or for any other reason;
  2. if DCXONE suspects or has concerns that the submitted documents may be false or fake;
  3. if DCXONE suspects you are involved in illegal or fraudulent activity;
  4. if DCXONE is informed that your credit or debit card (or any other payment method used) has been lost or stolen;
  5. where DCXONE considers that there is a chargeback risk; and
  6. when you deposit \$3,000 or more or if you make over 10 separate deposits to your trading Accounts and DCXONE is unable to verify your credit or debit card details or is unable to verify any other payment method used. In case of cancelled deposits, and if there is not a confiscation of your funds by a supervisory authority on the grounds of money laundering suspicion or for any other legal infringement, your funds will be returned to the bank account that have been initially received.
Improper or Abusive Trading

DCXONE’s objective is to provide the most efficient trading liquidity available in the form of streaming, tradable prices for most of the financial instruments we offer on the trading platform. As a result of the highly automated nature of the delivery of these streaming, tradable prices, you acknowledge and accept that price misquotations are likely to occur from time to time.

Should you execute trading strategies with the objective of exploiting such misquotation(s) or act in bad faith (commonly known as ‘sniping’), DCXONE shall consider this as unacceptable behaviour. Should DCXONE determine, at its sole discretion and in good faith, that you or any representative of yours trading on your behalf is taking advantage, benefitting, attempting to take advantage or to benefit of such misquotation(s) or that you are committing any other improper or abusive trading act such as for example:

  1. a) fraud/illegal actions that led to the transaction; b) orders placed based on manipulated prices as a result of system errors or system malfunctions; c) arbitrage trading on prices offered by our platforms as a result of systems errors; and/or d) coordinated transactions by related parties in order to take advantage of systems errors and delays on systems updates.

Then DCXONE will have the right to:

  1. adjust the price spreads available to you; and/or
  2. restrict your access to streaming, instantly tradable quotes, including providing manual quotation only; and/or
  3. obtain from your account any historic trading profits that you have gained through such abuse of liquidity as determined by us at any time during our trading relationship; and/or
  4. reject an order or to cancel a trade; and/or
  5. immediately terminate our trading relationship.
Prohibited Trading

No employee and/or former employee who currently works or used to work on a full time or part time basis for DCXONE or any of its related entities shall, during the term of the employee and/or former employee’s service to DCXONE or any of its related entities and after termination of service become a client of any brand of DCXONE (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without DCXONE’s prior written approval. Should DCXONE consider that the employee and/or former employee is trading with any brand of DCXONE without DCXONE’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the employee and/or former employee’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated. No business associate or former business associate of DCXONE or any of its related entities shall, during the period of the agreement between the associate/former business associate and DCXONE and after termination of such agreement, become a client of any brand of DCXONE (either directly or indirectly, alone or with partners, associates, affiliates or any other third party) without DCXONE’s prior written approval. Should DCXONE consider that the associate/former business associate is trading with any brand of DCXONE without DCXONE’s prior written approval personally and/or via a third party we shall consider all the trading to be abusive and/or improper trading. In such circumstances the relevant associate/former business associate’s trading account(s) and all open positions shall be closed immediately and any funds held within the account shall be confiscated.

Trailing Stop functionality in case that MT4 terminal is closed

In the event that the MetaTrader 4 client terminal is closed, trailing stop will not work. This happens as the trailing stop works on the client terminal side and in this respect, if the client terminal is closed, only the stop loss that was placed by trailing stop before the closing of the terminal can trigger.

Withdrawals

Once your withdrawal request is approved, your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution on the same day that the request to withdraw funds was made, or the next working day if the client’s request is received outside of normal trading hours. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. You are fully responsible for the payment details that you provided to DCXONE and DCXONE accepts no responsibility if you have provided false or inaccurate bank details. Further, withdrawals bear third party charges which may vary in accordance with the terms and conditions of the third parties. These charges may be verified upon request.

The minimum withdrawal amount for all methods (excluding wire transfer) is $20. The minimum withdrawal amount request for wire transfer is $100. Any withdrawal request for an amount below the two amounts mentioned above will incur handling and processing charges as follows: minimum $10 for all methods (excluding wire transfer) and minimum $50 for the wire transfer.

If you request a withdrawal of funds from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine.

In the event that it is not possible for the funds to be withdrawn without delay, DCXONE, in meeting its obligations to act in the client’s best interest, will keep the client informed, including about the reasons for any delay and the expected timeframe before the funds will be withdrawn. Information provided to the client about any delays in withdrawing funds will be fair, clear and not misleading.

DCXONE will endeavour to process your withdrawal requests promptly, however the time needed for the requested funds to be processed and appear in your account will depend upon the method used for depositing the funds and the third parties which are executing the payments.

Stock Related Payouts on CFDs

Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a client holds a long CFD position, DCXONE shall pay the equivalent of the dividend to that client and deduct the equivalent from any client holding a short CFD position. This shall be done on or shortly after the ex-dividend date as that is when the economic effect is felt on the underlying share price.

Inactive and Dormant Account

The Customer acknowledges and confirms that any trading account(s), held with DCXONE by a DCXONE Customer where the Customer has not: 1. placed a trade; 2. opened or closed positions; and/or 3. made a deposit into the Customer’s trading account; for a period of ninety (90) days and more, shall be classified by DCXONE as an Inactive Account (“Inactive Account”) where the Customer has and continues to:

  1. place a trade;
  2. open or close positions; and/or
  3. make a deposit into the Customer’s trading account; the account shall be classified by DCXONE as an Active Account (“Active Account”)

The Client further acknowledges and confirms that such Inactive Accounts will be subject to a monthly charge of \$25 (or equivalent in other currencies), relating to the maintenance/administration of such Inactive Accounts. The Customer further agrees that any Inactive Accounts, holding zero balance/equity, shall be turned to Dormant (“Dormant Account”). In cases where your account remains Inactive for a period exceeding 12 months, an Annual Inactivity Fee shall apply, which will be deducted at a rate of one-hundred US Dollars (\$100) or equivalent per quarter, minus any monthly inactivity fees already charged. The Annual Inactivity Fee may be charged by DCXONE at any point subsequent to the 12-month period being exceeded and applies retroactively. For re-activation of Dormant Accounts, the Customer must contact DCXONE’s Customer Support Department and inform them of the Customer’s wish to reactivate the Dormant Account. The Customer’s Dormant Account will then be reactivated (subject to, if required, up-to-date Know Your Customer documentation provided to DCXONE by Customer) and become an Active Account.

 

Contingent liability

Where we effect or arrange a Transaction, you should note that, depending upon the nature of the Transaction, you may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of your position. You may be required to make further variable payments by way of margin against the purchase price of the investment, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of your investment will affect the amount of margin payment you will be required to make. We will monitor your margin requirements on a daily basis and we will inform you as soon as it is reasonably practicable of the amount of any margin payment required under this clause.”

We handle your funds with care, following all relevant regulations. Your trading funds will be kept securely in a designated account with our trusted bank or financial partner. This account will be held under DCXONE’s name.

By agreeing to this, you allow DCXONE to make necessary transfers between your bank account and trading account to ensure balances match. This includes withdrawals to settle trades and payments you owe under this Agreement.

By entering into this Agreement, you confirm and guarantee to us, both on the date this Agreement starts and each time you make a Transaction, that:

  1. If you are an individual, you are of legal age and fully capable of entering into this Agreement;
  2. If you are a company or other legal entity:
    A. You are properly organized, validly existing, and operating under the laws of your jurisdiction;
    B. You have authorized the signing of this Agreement and all related Transactions, and you will fulfill all related obligations;
    C. Any person signing or acting on your behalf has the proper authority, and you have provided us with all necessary details and documents about such persons.
Rights on Default

If an Event of Default occurs, DCXONE may enforce its rights as described in this clause. However, if the Event of Default relates to bankruptcy (as detailed in Clauses 14.2 or 14.3), then the automatic termination provision will immediately come into effect.

The following events will be considered as Events of Default, upon which DCXONE (formerly LCC) has the right to exercise its remedies as described below:

  1. You fail to make any payment due under this Agreement or fail to comply with any other terms of this Agreement, and this failure continues for more than one Business Day after we have given you a written notice of non-compliance;

If an Event of Default occurs or if we reasonably believe you may not fulfill your obligations, in addition to our rights under Clause 15 (Netting), we may, without prior notice to you:

  1. Instead of returning the exact investments credited to your account, pay you the fair market value of those investments at the time we exercise this right; and/or
  2. Sell any investments held by us, our nominees, or appointed third parties as we see fit, on terms we decide, without being liable for any loss or decrease in value, to recover amounts owed by you.

Unless otherwise required by Applicable Regulations, either party may terminate this Agreement and the relationship by providing ten days’ written notice to the other party. We may terminate this Agreement immediately if you fail to comply with any terms of this Agreement or in the event of your insolvency. Upon termination, all your open positions will be closed by the termination date, without affecting any other provisions of this Agreement, including applicable charges, fees, and penalties.

Upon termination:

  1. All amounts owed by you to us will become immediately due, including but not limited to:
    A. Outstanding fees, charges, and commissions;
    B. Any expenses related to terminating this Agreement; and
    C. Losses and expenses incurred from closing transactions or settling outstanding obligations on your behalf.
General Exclusion


Please note that DCXONE and its related entities will carry out Transactions in good faith and with due care. However, neither we nor our directors, officers, employees, or agents shall be held responsible for any losses, damages, costs, or expenses you may incur under this Agreement (including any Transaction or refusal to enter into a proposed Transaction), except where such loss is a direct result of our or their gross negligence, willful misconduct, or fraud. We shall not be liable for any special or consequential damages, including loss of profits, goodwill, or business opportunities arising from this Agreement, whether due to negligence, breach of contract, misrepresentation, or otherwise. This limitation does not apply to liability for death or personal injury caused by our negligence.

DCXONE will not be responsible for any lost opportunities or changes in the value of your Financial Instruments resulting from your decisions.

Tax Implications


We do not accept any responsibility or liability for any adverse tax consequences resulting from any Transaction.

Amendments

We reserve the right to modify the terms of this Agreement. If we introduce any material changes, we will provide you with at least ten business days’ written notice before the changes take effect. Unless otherwise stated, these changes will not impact any existing orders, Transactions, or rights and obligations that have already arisen.

If you disagree with the amendments, you may terminate the Agreement by sending a registered letter within ten days of receiving the notice, provided that all pending transactions are completed. If no objection is received within this period, you will be deemed to have accepted and agreed to the amendments.

Notices

Unless otherwise agreed, all notices, instructions and other communications to be given by us under this Agreement shall be given to the address or fax number provided by you to us. Likewise, all notices, instructions and other communications to be given by you under this Agreement shall be given to us in writing at the address below:

Our Details

Name        : DCXONE

Address    : Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Email         : info@dcxone.com

Phone No :  +44 1865 60 0536

You will notify us of any change of your address for the receipt of notices, instructions and other communications immediately.

Electronic Communications

Subject to Applicable Regulations, any communication between us using electronic signatures and any communications via our website and/or Electronic Services shall be binding as if they were in writing. Orders or instructions given to you via e-mail or other electronic means will constitute evidence of the orders or instructions given.

Durable Medium

You may request documents, communications and instructions that emanate from this Agreement be provided to you in a medium other that email. In such case the Company will provide the requested information in the durable medium of your choice.

Recording of calls

We may record telephone conversations without use of a warning tone to ensure that the material terms of the Transaction, and any other material information relating to the Transaction is promptly and accurately recorded. Such records will be our sole property and accepted by you as evidence of the orders or instructions given.

Our records

Our records, unless shown to be wrong, will be evidence of your dealings with us in connection with our services. You will not object to the admission of our records as evidence in any legal proceedings because such records are not originals, are not in writing nor are they documents produced by a computer. You will not rely on us to comply with your record keeping obligations, although records may be made available to you on request at our absolute discretion.

Your records You agree to keep adequate records in accordance with Applicable Regulations to demonstrate the nature of orders submitted and the time at which such orders are submitted. You can access your statements online at any time via our trading platform. You may request to receive your statement monthly or quarterly via email, by providing such a request to the support department.

Complaints procedure We are obliged to establish and maintain internal procedures for handling complaints fairly and promptly. You may submit a complaint to us, for example by letter or by email. We will send you a written acknowledgement of your complaint within 5 working days following receipt, enclosing details of our complaints procedures, including when and how you may be able to refer your complaint to the Seychelles Financial Services Authority (FSA) which is the relevant regulatory body. The Company will investigate your case and provide the outcome of the investigation within 2 months from the receipt of the complaint.

The complaint will be regarded as being resolved and closed upon the occurrence of any of the following: once we have sent you a final response; or where you have told us in writing that you accept an earlier response that we have sent to you; or if you refer your complaint to the Financial Services Authority, when they inform us in writing that the complaint has been closed. Please contact us if you would like further details regarding our complaints procedures. You may find the complaints’ form by visiting the following link: http://www.leadcapitalcrp.com/policies/complaints-handling-policy.pdf. Please submit your complaint please to our Customer support or to our Compliance Department.

Third Party Rights This Agreement shall be for the benefit of and binding upon us both and our respective successors and assigns. You shall not assign, charge or otherwise transfer or purport to assign, charge or otherwise transfer your rights or obligations under this Agreement or any interest in this Agreement, without our prior written consent, and any purported assignment, charge or transfer in violation of this clause shall be void. You agree that we may without further notice to you and subject to Applicable Regulations, transfer by whatever means we consider appropriate all or any of our rights, benefits, obligations, risks and/or interests under this Agreement to any person who may enter into a contract with us in connection with such transfer and you agree that we may transfer to such person all information which we hold about you.

Time of essence

Time shall be of the essence in respect of all obligations of yours under this Agreement (including any Transaction).

Rights and remedies The rights and remedies provided under this Agreement are cumulative and not exclusive of those provided by law. We shall be under no obligation to exercise any right or remedy either at all or in a manner or at a time beneficial to you. No failure by us to exercise or delay by us in exercising any of our rights under this Agreement (including any Transaction) or otherwise shall operate as a waiver of those or any other rights or remedies. No single or partial exercise of a right or remedy shall prevent further exercise of that right or remedy or the exercise of another right or remedy.

Partial invalidity If, at any time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of this Agreement nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall in any way be affected or impaired.

 

Governing Law

This Agreement shall be governed by and interpreted in accordance with the laws of Cyprus.

Jurisdiction

Each party irrevocably:

  1. agrees that the courts of Cyprus have exclusive jurisdiction to resolve any dispute, claim, or proceeding arising out of or related to this Agreement (“Proceedings”), and submits to the jurisdiction of such courts (without limiting our right to bring proceedings in courts of any other jurisdiction); and
  2. waives any objection to the venue of such Proceedings in Cyprus and agrees not to assert that such courts are an inconvenient forum or lack jurisdiction.
  3. Waiver of immunity and consent to enforcement
  4. You irrevocably waive to the fullest extent permitted by applicable law, with respect to yourself and your revenue and assets (irrespective of their use or intended use) all immunity on the grounds of sovereignty or other similar grounds from suit; jurisdiction of any courts; relief by way of injunction, order for specific performance or for recovery of property; attachment of assets (whether before or after judgment); and execution or enforcement of any judgment to which you or your revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agree that you will not claim any immunity in any Proceedings. You consent generally in respect of any Proceedings to the giving of any relief or the issue of any process in connection with such Proceedings, including, without limitation, the making, enforcement or execution against any property whatsoever (irrespective of its use or intended use) of any order or judgment which may be made or given in such Proceedings.
Please see the Bonus Policy for our current Promotional Terms and Conditions.
 

I have read and understood the declaration of the US reportable persons. I do not fall under the definition of a U.S. reportable person.

SCHEDULE 1

Confirmation regarding interest policy
Interest Policy
I acknowledge and confirm that no interest will be received on the balance of my account.
Trading in CFDs involves significant risk to your invested capital.

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