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Download Trader Agreement. TRADER AGREEMENT The Trader Agreement that follows this letter is a legal contract between IMM GROUP LTD. This system consists of a large network of banks, clearing houses and other institutional participants that exchange Currency positions with other members of the network.

In an inherently unregulated environment of this sort, there can be no guarantees of the creditworthiness of the counterparty to any particular Spot FOREX Transaction executed on your behalf by IMMFX.

Every reasonable attempt will, however, be made by IMMFX to deal exclusively with reputable and creditworthy banks, clearing houses and other institutional network participants in executing and hedging your Spot FOREX Transactions.

Also, there may be truly rare cases in which trading liquidity in a currency may cease entirely, thereby precluding the liquidation of a position in that currency held by you, which may result in a substantial financial loss in your Account. For many reasons as well as those set forth herein, Spot FOREX Transactions are suitable only for financially suitable, sophisticated persons and institutions who or which are financially able to withstand losses in their Account, which may substantially exceed the value of the margin deposited in such Account.

Spot FOREX Transactions Accounts are not available through IMMFX to other than financially suitable, sophisticated persons and institutions.

These introducing brokers and Account Executives are available to assist you in placing Spot FOREX Transactions orders in your Account with IMMFX. The market recommendations, if any, of any such entities are based solely on their own judgment, and are not to be imputed to IMMFX. These market recommendations may or may not be consistent with the market analysis, positions, or intentions of IMMFX or its affiliates and employees.

Any such market recommendations cannot constitute a guarantee of the accuracy or completeness thereof or eliminate the substantial and inevitable risks inherent in Spot FOREX Transactions. Any such market recommendations of, or information provided by, an ASP or IB does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Currency position. Inasmuch as the ASP or IB is compensated on a commission basis, they may have an incentive to recommend to you a volume of Spot FOREX Transactions that may not be in your best interests.

Pursuant to the Trader Agreement, all reports of confirmation of orders and all statements of Account will be deemed final on the fourth 4th calendar day after their transmittal to Trader, unless Trader objects to the contents of such reports within such five 4 day period to IMMFX at its principal place of business. All Spot FOREX and CFDs Transactions shall be subject to the constitution, by-laws, rules, regulations, customs, usages, rulings and interpretations of the counter parties thereto, as well as of the spot market on which it is conducted, and to all applicable federal, state and foreign laws, rules and regulations.

If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted by any governmental authority, or any contract market or clearing organization, which shall be binding upon IMMFX and shall be inconsistent with or otherwise affect in any manner any of the provisions hereof, the affected provisions of this Agreement shall be deemed modified or superseded, as the case may be, by the applicable provisions of such statute, rule or regulation, and all other provisions of this Agreement and all such provisions as so modified shall in all respects continue in full force and effect during the term hereof.

Trader hereby acknowledges that all Spot FOREX and CFDs Transactions conducted in the Account shall be subject to the aforementioned legal and regulatory requirements, but that Trader shall not thereby be given any private right of action or any other independent legal or contractual rights with respect to the enforcement of such requirements.

Trader shall deposit and maintain with IMMFX margin in such amounts and in such forms as IMMFX, in its sole and absolute discretion, may from time to time require. Such margin requirements may be greater or lesser than the amount of margin required by any counterparty utilized by IMMFX to hedge any particular Spot FOREX and CFDs Transaction. IMMFX may change the applicable margin requirements at any time and for any reason.

No previous margin requirement as maintained by IMMFX shall preclude IMMFX from increasing that requirement without prior notice.

IMMFX expressly retains the absolute right to limit the number of open positions that Trader may acquire or maintain in the Account, and otherwise to refuse or reject, in its sole and absolute discretion, any orders for Spot FOREX and CFDs Transactions that Trader may attempt to place in the Account. IMMFX shall attempt in good faith to efficiently execute all Spot FOREX and CFDs Transactions orders of Trader which IMMFX, in its sole and absolute discretion, chooses to accept, in accordance with the oral or written instructions of Trader or the Designated Trading Agent, as applicable.

Spot FOREX and CFDs Position in the Account may be settled or liquidated at any time by means of either i entering into an offsetting Spot FOREX and CFDs Transaction or ii making or taking delivery of the specified quantities of foreign currency.

In order to liquidate an open Spot FOREX and CFDs Position in the Account by selling or purchasing, as applicable, an equal and opposite offsetting Spot FOREX and CFDs Contract, written or oral instructions must be given to IMMFX by Trader. Alternatively, in order to liquidate an open Spot FOREX and CFDs Position in the Account by means of delivering, or taking delivery, of the underlying currency, written or oral instructions to this effect must be given to IMMFX, together with sufficient funds and all documents necessary to effectuate this mode of settlement.

Trader hereby also grants to IMMFX the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other of its Traders, to itself as a broker or to others, any securities or other property of Trader held by IMMFX as margin or security. IMMFX shall at no time be required to deliver to Trader the identical property delivered to or purchased by IMMFX for any Account of Trader with IMMFX.

Trader shall at all times be liable for the payment of any deficit balance in the Account remaining after the taking by IMMFX of such action or actions, upon demand by IMMFX, and in all other cases, Trader shall be liable for any deficiency remaining in the Account in the event of the liquidation thereof in whole or in part by IMMFX or by Trader.

All such charges payable to IMMFX by Trader shall be paid by Trader as they are incurred, or as IMMFX in its sole and absolute discretion may determine, and Trader hereby expressly authorizes IMMFX to withdraw the amount of any such commissions and other charges directly from the Account.

Reports of the confirmation of orders and statements of Account for the Account shall be deemed correct and shall be conclusive and binding upon Trader if not objected to by Trader in writing within one 1 calendar days after transmittal to Trader by mail or otherwise. Margin calls shall be deemed to be conclusive and binding unless objected to by Trader immediately by telephone, fax or by wire. Reports, statements, notices and any other written communications given hereunder may be transmitted to Trader at the address given in the Account Application form, or to such other address as Trader may from time to time designate in writing to IMMFX.

All communications so sent, whether by mail, fax, courier, messenger or otherwise, shall be deemed transmitted by IMMFX when deposited or sent in the regular course of business, or when received by a transmitting agent, and shall thereupon be deemed delivered to Trader personally, whether actually received by Trader or not. Trader hereby expressly agrees and acknowledges that IMMFX shall also not be liable for any actions or inactions of any ASP, IB or Independent Account Executive and that IMMFX shall only be liable to Trader hereunder for its own actions or inactions, and only to the extent that such actions or inactions are ascribable to fraud or gross negligence on its part.

Dollars from such foreign currency into U. Dollars at a rate of exchange determined by IMMFX in its sole and absolute discretion on the basis of the then prevailing spot market exchange rate. Trader hereby expressly acknowledges that an investment in Spot FOREX and CFDs Contracts, is speculative, involves a high degree of risk and is appropriate only for persons who can assume a risk of loss substantially in excess of their margin deposit.

Trader hereby expressly acknowledges that he is aware of the extreme volatility inherent in the trading of Spot FOREX and CFDs Contracts. Trader recognizes that no guarantees of profit or freedom from loss can be made by anyone with respect to FOREX and CFDs trading. Finally, Trader understands that, inasmuch as Spot FOREX and CFDs Contracts are not traded on an organized exchange or contract market, the substantial investor protections applicable to trading in such contracts will not apply to the Account or the Spot FOREX and CFDs Transactions conducted therein for the benefit and at the risk of Trader.

Trader acknowledges that IMMFX makes no representations concerning the tax implications or treatment of Spot FOREX and CFDs Contracts. Trader understands that IMMFX makes no representations or warranties concerning the Designated Trading Agent that IMMFX shall not be responsible for any loss to Trader or the Account occasioned by the actions or inactions of the Designated Trading Agent, and that IMMFX does not, by implication or otherwise, endorse or approve of the trading methods of the Designated Trading Agent.

Trader acknowledges that the provisions of this Section 13 are expressly intended to confer the rights of a third party beneficiary on IMMFX and, as applicable, the independent Introducing Broker or Account Executive utilized by Trader. Trader hereby represents and warrants to IMMFX that: a Trader is of sound mind, legal age and legal competence; b no person other than Trader has or will have any financial interest in the Account; c regardless of any subsequent determination to the contrary, Trader meets the financial requirements for FOREX and CFDs trading and is sophisticated in financial and investment matters; d all of the information provided in the Account Application portion of this booklet is true, correct and complete as of the date hereof and Trader will notify IMMFX promptly of any changes in such information.

The Company reserves the right, at its sole discretion and without obligation, to reduce or cancel any margin facility made available to the Client or to refuse the increase of any margin facility. The Client acknowledges that he cannot hold the Company responsible or liable for any resulting losses or damages, if the Company refrains from demanding additional margin funds or if the Company reduces or cancels any margin facility or refuses the increase thereof.

The Client shall make the deposit of additional funds as margin within reasonable time upon the Company' request. The additional funds shall reach the Account within 1 one day upon the Company' request, subject to unusual circumstances or subject to a shorter notice time given by and at the sole and absolute discretion of the Company.

The acceptance of a deposit greater than Thirty Thousand US Dollars to one account of the same client is the subject of additional approval of the Compliance Department. Such actions may be caused by, but not limited to the following reasons:. The Client acknowledges and accepts that, in the event that the margin or premium requested by the Company is not properly maintained within the time frame given by the Company, the Company may, at its sole discretion:.

Any objections to a Margin Call but not to a Stop Out order, which is undisputed shall be made in writing and submitted to the Company immediately upon receipt of said Margin Call and must reach the Company not later than 12 twelve hours from the time and date on which the Client received the notice of the Margin Call.

In the absence of timely objection or dispute, the margin is considered as acknowledged and approved by the Client. The Client agrees to maintain no more than one active, verified Trader's Cabinet at a time as the basic representation of all his transactions with the Company.

The Client acknowledges that the verification process might take up to 2 two business days. Simultaneously, the Account s funds shall be frozen and no transactions will be allowed until the dispute is completely resolved. The Company reserves the right to close any positions, or Accounts, at any time, without a prior notice. The Client understands and accepts that the Credit of the Trading Account is owned by the Company until it is transferred to the balance.

The Company reserves the right, at its sole discretion, without prior notice, to cancel any Credit for violation of any Company terms or policies, and is not liable for any circumstances, caused by this cancellation, including but not limited to any losses or damages, margin call, or closure of positions by stop out.

The Company reserves the right, at its sole discretion, to set any payment method for a Client's withdrawal, including withdrawal of profit and deposited funds.

The Company reserves the right to process transactions, including but not limited to, withdrawal and deposit requests, the way that doesn't affect other transactions even if it requires the extension of the processing time beyond the terms mentioned on the website. The Company reserves the right to name certain strategies as non-qualified and add an appropriate commission to such account, at its own discretion, without any additional explanations.

The Client acknowledges that all decisions with respect to a transaction are independently made by the Client without taking any advice from the Company. If the fixed rate option is available in Client's country, Client is able to select one when registering a new account in his Cabinet.

By selecting the fixed rate option for his account, Client acknowledges that the conversion is conducted at the unitary fixed exchange rate set by FXCL Markets Ltd.

In case Client selects a fixed rate option for his account, the currency will be converted automatically. A relatively small market movement may have an above average impact on the funds that the Client has deposited or will have to deposit; this may work against as well as for the Client.

The Client may sustain a total loss of initial margin funds and any additional funds deposited with the Company to maintain his positions. If the Client fails to comply with a request for additional funds in due time, his account may be liquidated at a loss and the Client will be liable for any resulting deficit.

acts as a broker in a private contract with the Client. including its affiliates. Prices quoted to the Client by the Company include a price margin. Therefore, any transaction with the Company will be solely a private obligation of the Company and not an obligation of a clearinghouse. The Company reserves the right, without obligation, and with good reason to terminate or close out any transaction prior to its expiration date at any time.

The Client acknowledges, accepts and understands the risks and is willing and able, financially and otherwise, to assume the risks of foreign exchange trading and that the loss of his entire Account balance will not change his lifestyle. The Client acknowledges that he has received no such guarantees from the Company or from any of its representatives or any introducing agent or other entity with whom the Client is conducting his Company Account and has not entered into this Agreement in consideration of or in reliance upon any such guarantees or similar representations.

The Company accepts no responsibility arising out of any trading decisions. In addition, any market or quote that the Company makes for the Client may be based solely on markets or quotes that are made or quoted to the Company by the counterparties with which it cooperates. Such quotes or markets may not represent the best quotes or markets available to the Client or the Company from other sources, and the Company undertakes no obligation to obtain competitive quotes or markets from other counterparties.

The Company and its affiliates may also carry out proprietary trading activities, including hedging transactions related to the initiation or termination of a foreign currency transaction with the Client, that may adversely affect the market price or other factors underlying the foreign currency transaction entered into with the Client and consequently, the value of such transaction. The Company does not occur on a regulated exchange and it may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk.

As a result, transactions involve additional risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before undertaking OTC transactions, the Client should familiarize himself with applicable rules and attendant risks.

Trading on an electronic trading system differs from trading in the open outcry market. The Company is not liable for any losses, damages, or expenses, caused by the Client using a platform version, different from the version, available on the Company website.

The FXCL Markets Ltd. Without limiting the foregoing, the Company expressly disclaims any representation that any automated system will operate uninterrupted or be error-free. The Company has no responsibility to inform the Client of any decision to use, not use or cease using any Automated System, the characteristics, functions, design or purpose of any Automated System, or any specific risks inherent in any Automated System.

Unless expressly provided otherwise herein, the Client places his instructions electronically or in writing by using proper identification. The Company is not required to make a more extensive examination of the identification offered by the Client.

The Company assumes no responsibility or liability for losses or damages of any kind resulting from or in connection with the transmission of data via the Internet. The Company is not responsible or liable for not noticing falsifications or lack of legitimating. The Client shall be obliged to pay to the Company the fees, commissions, and charges, set by the Company. Before trading, the Client will obtain a clear explanation of all commissions, fees and other charges for which the Client will be liable.

The Company services are remunerated according to its tariff, published from time to time on the website. The Company reserves the right to amend this tariff at any time without prior notice. The Client shall pay commissions, fees and other charges arising from transactions with or through the Company, including but without limitation to brokerage fees mark-ups and markdowns, statement charges, idle Account charges, order cancellation charges, Account transfer charges, adjustment charges or other charges, and bank fees.

The Client accepts that any amounts overdue shall bear a default interest at a rate equal to fifteen 15 percentage points per annum which will be debited to the Account. The monthly fee amount will depend on the amount of inactivity days according to the data below:.

In case of the inactivity fee refund, the amount of the refund shall not exceed the amount of the deposit made or of the inactivity fee deducted. The refunded funds may be withdrawn from the account only if there is a trading activity of at least 0. The Company reserves the right at its sole discretion, without obligation, and without prior notice, on a permanent or temporary basis, to decline swap-free service to the Client.

In the event of withdrawal, the Company reserves the right to charge reverse compensation fee which equals to the fee coverage see more details in Deposit and Withdrawal section. FXCL Markets provides payment fee coverage as a promotional campaign carried out of company's own accord. Amounts of fee coverage for payment systems and additional conditions are set by FXCL Markets and can be modified or canceled at any time.

The Client agrees and accepts that the fee may be applied in case of withdrawal, if the total trading volume of closed positions of all Client's accounts during the last 30 days does not exceed five 5 standard non-hedging, qualified lots.

The Automated Systems may be used to transmit, receive and confirm execution of orders, subject to prevailing market conditions and applicable rules and regulations. The Company consents to grant to the Client the access and the use of the Automated Systems, provided that the Client adopts the required procedures to prevent unauthorized access to and use of the Automated Systems.

The Client accepts full responsibility for all trades executed through the Automated System, including the risk of financial liability for trades executed by unauthorized third parties. The Client is responsible for monitoring of his Account s. The Client shall immediately notify the Company in writing if he becomes aware of any of the following;.

The Client acknowledges that the Company may not record any conversations due to technical reasons. Any communications from the Company shall be deemed to be validly delivered to the Client, if sent to the latest address indicated to the Company for this purpose by the Client, whether by postal service, email, system mailbox or other systems of transmission or means of transportation. Any risks or damage resulting from the use of any systems of transmission or means of transportation, particular by reason of loss, delay, misunderstanding, mistakes, distortions or duplications, shall be borne by the Client.

The Client acknowledges and consents to receive monthly account statements, trade confirmations, and statements of close out of open positions required in electronic form through the Internet. The Company does not charge for this service, unless prior written notice is given to the Client.

Any notices required to be given by the Client in writing shall be sent to the Company by mail or email to the addresses indicated on the Company website. Any objection to an order confirmation report or statement of account must be made immediately upon receipt and, in addition, confirmed in writing by email or mail, reaching the Company not later than two 2 days from the date on which the order confirmation or Account statement has been delivered to the Client.

Written objections shall be addressed to the most recent address indicated on the Company website, and shall be deemed received only if actually delivered or mailed by registered mail, return receipt requested. The Client shall notify immediately if he does not receive the regular communications from the Company, such as order confirmations or Account statement or other communications or mail from the Company, which the Client would have had to expect within the usual time period, the latest within ten 10 days after the date, that such communication or statement should have been received.

In the absence of timely objection or dispute, the order confirmation, Account statement and content of any notice and communication will be considered as acknowledged and approved by the Client. Such lien and right to set-off shall secure all claims by the Company, of whatever nature, irrespective of their due date and of the currency in which they are labeled.

The Company is authorized to realize the pledged assets at private sale, without restriction and without being bound to observe the legal formalities required by the St.

Vincent and the Grenadines federal law on the recovery of debts and on bankruptcy if, in the opinion of the Company, the sale is necessary to cover claims, secured by the pledge whether or not such claims are due and payable. The Client authorizes the Company to gather information about the Client, including but not limited to transactions with the Company and affiliated members of the the Company data, provided in the Agreement, Account balances, payment history, and Account activity or other information regarding credibility of the Client.

The Client acknowledges that the Company may, in accordance with the anti-money laundering regulation, share the information concerning certain business relationships within the Company, if it is essential to prevent and detect money laundering on a Group level. The Company is authorized to disclose information as may be required by law, rule or regulatory authority, without prior notice to the Client. Further, the Client represents and warrants that he is not an employee or associated person of a member firm of any exchange or of a member firm of the Federal Reserve, NFA, or NASD, or any employee or agent of any member of any bank, trust, or insurance company not disclosed to FXCL Markets Ltd.

In the event that the Client becomes an employee or agent of any of the foregoing, the Client will promptly notify the Company, in writing, of such employment. This Agreement shall be governed by and construed in accordance with the laws of St. Vincent and the Grenadines with exclusion of St. Vincent and the Grenadines international private law and any international treaties. Should any clause in this Agreement be or become illegal, invalid or unenforceable in any manner whatsoever, this shall not affect the remaining provisions of this Agreement.

Any litigation or administrative proceeding arising directly or indirectly hereunder must be heard by the courts in St. Vincent and the Grenadines. Vincent and the Grenadines or foreign court or claims office having jurisdiction. The Company is entitled to assign this Agreement including all authorizations, to its successors and assigns, whether by merger, consolidation or otherwise.

The Client or the Company may terminate the Agreement with immediate effect by giving notice to the other party at any time. Termination shall not affect any accrued rights or obligations. Upon termination, the Company shall undertake to complete all open contracts in accordance with this Agreement, terms and conditions, and trading policies. Upon termination, the Company is entitled to deduct all amounts owed by the Client before transferring the remaining balance to the Client.

The Client will thereafter be required to re-establish an Account prior to placing any further trades, and the Company may require additional documentation from the Client to reactivate such Account.

The Trader Agreement that follows this letter is a legal contract between IMM GROUP LTD. The principal purpose of this letter is to provide you, Trader, with certain basic background facts concerning your Account with IMMFX and the transactions that you contemplate conducting therein. Where this is not possible at all, we will inform you of the necessary actions to be taken in order to protect your interests and ours, where possible.

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Trading Conditions Execution Mechanism Partners Link Marketing Tools. Trading Calculators Economic Calendar Daily Financial News Daily Signals. Real-time Charts Live Prices Feed Trading Signals MQL TradingView.

English العربية. Albanian Armenian Azerbaijani Bulgarian Catalan Chinese Simplified Chinese Traditional Croatian Czech Danish Dutch English Estonian Finnish French Georgian German Greek Hebrew Hindi Hmong Hungarian Irish Italian Japanese Korean Kurdish Kurmanji Maltese Nepali Norwegian Persian Polish Portuguese Romanian Russian Samoan Serbian Slovak Slovenian Somali Spanish Swedish Turkish Ukrainian.

Download Trader Agreement. TRADER AGREEMENT The Trader Agreement that follows this letter is a legal contract between IMM GROUP LTD. This system consists of a large network of banks, clearing houses and other institutional participants that exchange Currency positions with other members of the network. In an inherently unregulated environment of this sort, there can be no guarantees of the creditworthiness of the counterparty to any particular Spot FOREX Transaction executed on your behalf by IMMFX.

Every reasonable attempt will, however, be made by IMMFX to deal exclusively with reputable and creditworthy banks, clearing houses and other institutional network participants in executing and hedging your Spot FOREX Transactions. Also, there may be truly rare cases in which trading liquidity in a currency may cease entirely, thereby precluding the liquidation of a position in that currency held by you, which may result in a substantial financial loss in your Account.

For many reasons as well as those set forth herein, Spot FOREX Transactions are suitable only for financially suitable, sophisticated persons and institutions who or which are financially able to withstand losses in their Account, which may substantially exceed the value of the margin deposited in such Account.

Spot FOREX Transactions Accounts are not available through IMMFX to other than financially suitable, sophisticated persons and institutions. These introducing brokers and Account Executives are available to assist you in placing Spot FOREX Transactions orders in your Account with IMMFX. The market recommendations, if any, of any such entities are based solely on their own judgment, and are not to be imputed to IMMFX.

These market recommendations may or may not be consistent with the market analysis, positions, or intentions of IMMFX or its affiliates and employees. Any such market recommendations cannot constitute a guarantee of the accuracy or completeness thereof or eliminate the substantial and inevitable risks inherent in Spot FOREX Transactions.

Any such market recommendations of, or information provided by, an ASP or IB does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Currency position. Inasmuch as the ASP or IB is compensated on a commission basis, they may have an incentive to recommend to you a volume of Spot FOREX Transactions that may not be in your best interests. Pursuant to the Trader Agreement, all reports of confirmation of orders and all statements of Account will be deemed final on the fourth 4th calendar day after their transmittal to Trader, unless Trader objects to the contents of such reports within such five 4 day period to IMMFX at its principal place of business.

All Spot FOREX and CFDs Transactions shall be subject to the constitution, by-laws, rules, regulations, customs, usages, rulings and interpretations of the counter parties thereto, as well as of the spot market on which it is conducted, and to all applicable federal, state and foreign laws, rules and regulations. If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted by any governmental authority, or any contract market or clearing organization, which shall be binding upon IMMFX and shall be inconsistent with or otherwise affect in any manner any of the provisions hereof, the affected provisions of this Agreement shall be deemed modified or superseded, as the case may be, by the applicable provisions of such statute, rule or regulation, and all other provisions of this Agreement and all such provisions as so modified shall in all respects continue in full force and effect during the term hereof.

Trader hereby acknowledges that all Spot FOREX and CFDs Transactions conducted in the Account shall be subject to the aforementioned legal and regulatory requirements, but that Trader shall not thereby be given any private right of action or any other independent legal or contractual rights with respect to the enforcement of such requirements.

Trader shall deposit and maintain with IMMFX margin in such amounts and in such forms as IMMFX, in its sole and absolute discretion, may from time to time require. Such margin requirements may be greater or lesser than the amount of margin required by any counterparty utilized by IMMFX to hedge any particular Spot FOREX and CFDs Transaction. IMMFX may change the applicable margin requirements at any time and for any reason.

No previous margin requirement as maintained by IMMFX shall preclude IMMFX from increasing that requirement without prior notice. IMMFX expressly retains the absolute right to limit the number of open positions that Trader may acquire or maintain in the Account, and otherwise to refuse or reject, in its sole and absolute discretion, any orders for Spot FOREX and CFDs Transactions that Trader may attempt to place in the Account.

IMMFX shall attempt in good faith to efficiently execute all Spot FOREX and CFDs Transactions orders of Trader which IMMFX, in its sole and absolute discretion, chooses to accept, in accordance with the oral or written instructions of Trader or the Designated Trading Agent, as applicable. Spot FOREX and CFDs Position in the Account may be settled or liquidated at any time by means of either i entering into an offsetting Spot FOREX and CFDs Transaction or ii making or taking delivery of the specified quantities of foreign currency.

In order to liquidate an open Spot FOREX and CFDs Position in the Account by selling or purchasing, as applicable, an equal and opposite offsetting Spot FOREX and CFDs Contract, written or oral instructions must be given to IMMFX by Trader. Alternatively, in order to liquidate an open Spot FOREX and CFDs Position in the Account by means of delivering, or taking delivery, of the underlying currency, written or oral instructions to this effect must be given to IMMFX, together with sufficient funds and all documents necessary to effectuate this mode of settlement.

Trader hereby also grants to IMMFX the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other of its Traders, to itself as a broker or to others, any securities or other property of Trader held by IMMFX as margin or security. IMMFX shall at no time be required to deliver to Trader the identical property delivered to or purchased by IMMFX for any Account of Trader with IMMFX.

Trader shall at all times be liable for the payment of any deficit balance in the Account remaining after the taking by IMMFX of such action or actions, upon demand by IMMFX, and in all other cases, Trader shall be liable for any deficiency remaining in the Account in the event of the liquidation thereof in whole or in part by IMMFX or by Trader.

All such charges payable to IMMFX by Trader shall be paid by Trader as they are incurred, or as IMMFX in its sole and absolute discretion may determine, and Trader hereby expressly authorizes IMMFX to withdraw the amount of any such commissions and other charges directly from the Account. Reports of the confirmation of orders and statements of Account for the Account shall be deemed correct and shall be conclusive and binding upon Trader if not objected to by Trader in writing within one 1 calendar days after transmittal to Trader by mail or otherwise.

Margin calls shall be deemed to be conclusive and binding unless objected to by Trader immediately by telephone, fax or by wire. Reports, statements, notices and any other written communications given hereunder may be transmitted to Trader at the address given in the Account Application form, or to such other address as Trader may from time to time designate in writing to IMMFX.

All communications so sent, whether by mail, fax, courier, messenger or otherwise, shall be deemed transmitted by IMMFX when deposited or sent in the regular course of business, or when received by a transmitting agent, and shall thereupon be deemed delivered to Trader personally, whether actually received by Trader or not. Trader hereby expressly agrees and acknowledges that IMMFX shall also not be liable for any actions or inactions of any ASP, IB or Independent Account Executive and that IMMFX shall only be liable to Trader hereunder for its own actions or inactions, and only to the extent that such actions or inactions are ascribable to fraud or gross negligence on its part.

Dollars from such foreign currency into U. Dollars at a rate of exchange determined by IMMFX in its sole and absolute discretion on the basis of the then prevailing spot market exchange rate. Trader hereby expressly acknowledges that an investment in Spot FOREX and CFDs Contracts, is speculative, involves a high degree of risk and is appropriate only for persons who can assume a risk of loss substantially in excess of their margin deposit. Trader hereby expressly acknowledges that he is aware of the extreme volatility inherent in the trading of Spot FOREX and CFDs Contracts.

Trader recognizes that no guarantees of profit or freedom from loss can be made by anyone with respect to FOREX and CFDs trading. Finally, Trader understands that, inasmuch as Spot FOREX and CFDs Contracts are not traded on an organized exchange or contract market, the substantial investor protections applicable to trading in such contracts will not apply to the Account or the Spot FOREX and CFDs Transactions conducted therein for the benefit and at the risk of Trader.

Trader acknowledges that IMMFX makes no representations concerning the tax implications or treatment of Spot FOREX and CFDs Contracts. Trader understands that IMMFX makes no representations or warranties concerning the Designated Trading Agent that IMMFX shall not be responsible for any loss to Trader or the Account occasioned by the actions or inactions of the Designated Trading Agent, and that IMMFX does not, by implication or otherwise, endorse or approve of the trading methods of the Designated Trading Agent.

Trader acknowledges that the provisions of this Section 13 are expressly intended to confer the rights of a third party beneficiary on IMMFX and, as applicable, the independent Introducing Broker or Account Executive utilized by Trader. Trader hereby represents and warrants to IMMFX that: a Trader is of sound mind, legal age and legal competence; b no person other than Trader has or will have any financial interest in the Account; c regardless of any subsequent determination to the contrary, Trader meets the financial requirements for FOREX and CFDs trading and is sophisticated in financial and investment matters; d all of the information provided in the Account Application portion of this booklet is true, correct and complete as of the date hereof and Trader will notify IMMFX promptly of any changes in such information.

Trader hereby represents and warrants that in determining the value of Liabilities, Trader included notes payable to banks secured and unsecured , notes payable to relatives, real estate mortgages including on primary residence payable and all other debts and quantifiable obligations. Trader hereby represents and warrants that in determining Liquid Assets, Trader included only those assets that can be quickly i.

Trader hereby acknowledges that Trader has no separate agreement, written or oral, with IMMFX, any affiliate of IMMFX, or any employee of either, or any independent Introducing Broker or Account Executive, regarding trading in the Account, including, without limitation, i any agreement to guarantee profits or limit losses in the Account, or ii any agreement to share profits generated or losses incurred in the Account. Trader expressly agrees that Trader will notify IMMFX immediately in writing as to any agreement of this type that Trader may hereafter be solicited to enter into.

Further, Trader agrees that any representations made by anyone concerning the Account that differ from any statements Trader receives from IMMFX shall be brought to the attention of IMMFX immediately in writing. Trader understands that Trader must authorize specifically every Spot FOREX and CFDs Transaction in the Account prior to its execution, unless Trader has delegated discretion to a Designated Trading Agent by signing the Trading Authorization. All notices required under this Section 16 shall be sent to IMMFX at its address appearing on the confirmations and Account statements relating to the Account.

JOINT ACCOUNTS. If the Account is a joint Account JTWROS or TIC , each tenant, acting alone, shall have full authority, in accordance with the terms of this Agreement, to: i trade for the Account; ii receive all correspondence and documents in respect of the Account; iii receive or withdraw funds from the Account; iv execute agreements relating to the Account; and v transact all other Account business with IMMFX. Notwithstanding the foregoing, IMMFX shall have the right and authority, from time to time or at any time, to require joint action with respect to Account matters by all tenants of the Account in its sole and absolute discretion.

Irrespective of whether the participants in the joint Account are joint tenants or tenants-in-common, the liability of all such persons under this Agreement shall be joint and several through the date of termination of this Agreement, even if any such person dies in the interim, with his or her estate then assuming such liability.

Unless a Joint Account Share Allocation Addendum providing otherwise is completed and executed in the form contained in this booklet, then each tenant is presumed to have an equal economic share in the Account.

NO WAIVER OR AMENDMENT. No provision of this Agreement may be waived or amended unless the waiver or amendment is in writing and signed by both Trader and an authorized officer of IMMFX. No waiver or amendment of this Agreement may be implied from any course of dealing between the parties or from any failure by IMMFX or any of its agents to assert its rights under this Agreement on any occasion or series of occasions.

No oral agreements or instructions to the contrary shall be recognized or enforceable. This Agreement, including the documents and attachments collateral hereto, embodies the entire agreement of the parties with respect to the subject matter hereof, superseding any and all prior written and oral agreements relating thereto, and there are no other terms, conditions or obligations governing such agreement other than those contained herein.

This Agreement, and the rights and obligations hereunder of the parties hereto, shall in all respects be governed by, and construed and enforced in all respects by the Belize laws governing such matters. BINDING EFFECT. This Agreement shall be continuous in operation during its term, and shall cover, individually and collectively, all Accounts of Trader at any time opened or reopened with IMMFX , irrespective of any change or changes at any time in the personnel of IMMFX , or its successors, assigns, or affiliates.

This Agreement, including all authorizations and collateral documents executed in connection therewith, shall inure to the benefit of IMMFX and its successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon Trader and the estate, executors, administrators, heirs, devisees, legatees, legal representatives, trustees, conservators, successors and permitted assigns of Trader.

Trader hereby agrees not to assign the Account, or any interest therein, or encumber in any way any open Spot FOREX and CFDs Positions or other assets held therein, without the prior written consent of IMMFX.

This Agreement shall continue in effect until termination, and may be terminated i by Trader at any time when Trader has no open Spot FOREX and CFDs Positions in the Account and no liabilities held by or owed to IMMFX , upon the actual receipt by IMMFX at its home office of written notice of such termination, or ii at any time whatsoever by IMMFX upon the transmittal of written notice of such termination to Trader; provided, however, that such termination shall not affect any transactions previously entered into hereunder and shall not relieve either party of any obligations theretofore arising under this Agreement, nor shall it relieve Trader of any obligations arising out of any deficit balance in the Account.

CROSS TRADE CONSENT. Trader hereby expressly acknowledges and agrees that a situation may arise from time to time whereby an officer, director, partner, affiliate, associate, employee, independent contractor, bank, bank employee, dealer or other person associated with IMMFX may be the opposing counter party or broker for a Spot FOREX and CFDs Transaction conducted in the Account.

Trader hereby expressly consents to any such transaction described in the foregoing portion of this Section 23, subject to the limitations and conditions applicable thereto, if any, contained in the rules or regulations of any exchange, board of trade, contract market or spot market upon which the underlying buy or sell orders are executed, or of any institutional participant therein, and subject to the limitations and conditions, if any, contained in any applicable rules and regulations of regulatory or self-regulatory agency.

TERMS AND HEADINGS. As respectively used in this Agreement, unless the context otherwise provides, the term IMMFX shall be deemed to include IMM GROUP LTD. The Section headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or affect the meaning of any of its provisions.

In this Agreement, unless inconsistent with the context, words denoting persons shall be deemed to include persons other than natural persons, words denoting the masculine gender shall be deemed to include the feminine and neuter, and vice versa, and words denoting the singular number shall be deemed to include the plural number, and vice versa.

Trader agrees and acknowledges that all conversations, whether telephonic or face-to-face, regarding the Account between Trader and representatives of IMMFX may be electronically recorded with or without the use of an automatic tone or other warning device.

Trader further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or proceeding that may arise involving Trader or IMMFX relating to the Account. Trader understands that IMMFX may destroy such recordings relating to the Account at regular intervals. Interest on open positions held past 5PM EST may be paid or received on a daily basis, depending on account structure, instrument type, and position direction.

BONUS TRADING MARGIN.

Download Trader Agreement. The notice is considered as received upon its announcement, despite the fact the Client might not have received it. The Company reserves the right, at its sole discretion, to set any payment method for a Client's withdrawal, including withdrawal of profit and deposited funds. If the Account is a joint Account JTWROS or TIC , each tenant, acting alone, shall have full authority, in accordance with the terms of this Agreement, to: i trade for the Account; ii receive all correspondence and documents in respect of the Account; iii receive or withdraw funds from the Account; iv execute agreements relating to the Account; and v transact all other Account business with IMMFX. By continuing to use our site, you agree to the terms of our privacy policy.

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