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Electronic Trading Terms

Trading on an electronic trading system may vary widely among different electronic systems. Each system may present risks related to system access, including failure of hardware and software. In the case of internet based systems, there may be additional types of risks related to system access, varying response times and security as well as risks related to service providers and the receipt and monitoring of electronic mail. The result of any system failure may be that your order is either not executed according to your instructions or not executed at all. Since The Company does not control signal power, its reception or routing via internet, configuration of your equipment or reliability of its connection, The Company cannot be responsible for communication failures, distortions or delays when you trade online over the internet. The Company shall not be liable for any losses, costs or damages incurred by customer arising out of any access by customer to The Company ’s electronic trading system or from any failure of the system, internet access, communications lines or other cause beyond its control, or from any resultant failure to execute, process or report trades. Customer is also responsible for safeguarding passwords and understands the risks associated with the transmission of information by use of the internet and hereby agrees to indemnify and hold harmless The Company from and against all losses, claims expenses, costs, damages, fines or liabilities whatsoever suffered by The Company (including, without limitation, legal costs and expenses) arising out of the use of the online trading system by customer, its employees, agents or contractors. The Company shall only be liable for its actions directly attributable to negligence, wilful default or fraud on the part of The Company. The Company shall not be liable for losses arising from the default of any agent or any other party used by The Company under this agreement. The service is provided "as is" and we make no express or implied representations or warranties to you regarding the usability, condition or operation thereof we make no representations or warranties regarding the goods or services provided by any third parties who may provide content or offer other services. We do not warrant that access to or use of the service will be uninterrupted or error free, or that the service will meet any particular criteria of performance or quality. We expressly disclaim all implied warranties, including without limitation warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security or accuracy. You agree that under no circumstances, including negligence, shall we or anyone else involved in creating, producing, delivering or managing the service be liable for any direct, indirect, incidental, special or consequential damages that result from the use of or inability to use the service, or out of any breach of any warranty, including, without limitation, those for business interruption or loss of profits. This exclusion or limitation of liability will not apply to the extent that any applicable statute prohibits such exclusion or limitation of liability. Any liability arising out of any action or omission by us shall be limited to an amount equal to the amount of user fees paid to us by you for service access. You expressly agree that your use of the service is at your sole risk. You assume full responsibility and risk of loss resulting from use of or materials obtained through, the service. Neither we nor any of our directors, officers, employees, agents, contractors, affiliates, third party vendors, facilities, information providers, licensors, exchanges, clearing organizations or other suppliers providing data, information, or services (each a "provider"), warrant that the service will be uninterrupted or error free; nor do we or they make any warranty as to the results that may be obtained from the use of the service or as to the timeliness, sequence, accuracy, completeness, reliability or content of any information, service, or transaction provided through the service. This agreement defines your sole and exclusive remedy.

Stale quotes and misquotes policy:

The Company’s quoted prices may on rare occasions become “stale” or “skewed”. The Company reserves the right to cancel orders executed on idle or skewed prices. The Company will actively monitor/report and investigate such trading activity and in the event that trades are being cancelled will notify the client accordingly. The Company will pursue the fair treatment of its Customers and will use its best endeavours to make sure cancellations are performed fairly and that the client is not disadvantaged by the cancellation i.e. no inadvertent positions are left open and the client's net position is in line with the client's positions at the time of correction.

Scalping and EAs policy:

In order to ensure the stability of the The Company platforms and Products, Scalping strategies (we define "Scalping" as a method traders use where they open and close trades within 120 seconds, and these Scalping trades constitute more than 25% of total trades) and EA strategies (an "EA" is an "Expert Advisor", which is add-on software linked to a Meta Trader currency platform, and allows for automatic trades under certain conditions) are allowed on special accounts only. In order to make Scalping/EA trading available clients have to submit a request and acknowledge that they will confirm in advance that they wish to use scalping/EA during account opening or before starting to implement such a strategy. The Company reserves the right to reverse orders that are executed using Scalping/EA methods on accounts that are not labelled as Scalping/EA accounts or where the necessary advance confirmation has not been given. The Company will pursue the fair treatment of its Customers and will use its best endeavours to make sure cancellations are performed fairly and that the client is not disadvantaged by the cancellation i.e. no inadvertent positions are left open and the client's net position is in line with the client's positions at the time of correction.

Important Note: Please read the Electronic Trading Terms carefully. By clicking “I ACCEPT” you are fully bound with all the terms of the documents referred to above.
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