Trading Account Opening Agreement

Terms & Conditions

This agreement governs the relationship between the client (the “User”) and the company providing the trading services (the “Company”). By opening and using a trading account with the Company, the User agrees to be legally bound by the following terms and conditions.

Clause 1: Consent and Acceptance

1.1. The User confirms that they have read, understood, and accepted all the terms and conditions stated herein.
1.2. The use of the Company’s services constitutes full and unconditional acceptance of these terms.
1.3. The Company reserves the right to reject or close any account at its sole discretion, especially in cases of false or incomplete information, or suspicious activity.

Clause 2: Client Eligibility

2.1. The User must be at least 18 years old or of legal age in their jurisdiction.
2.2. The User affirms they have full legal capacity to open a trading account and enter into binding financial contracts.
2.3. For corporate accounts, legal documents such as the certificate of incorporation and board resolution must be submitted.

Clause 3: Risk Disclosure

3.1. Trading in financial markets involves high risk, including but not limited to:

  • Market volatility
  • Capital loss
  • Liquidity fluctuations
  • Regulatory or geopolitical changes
    3.2. The User is solely responsible for any trading losses incurred.
    3.3. The Company does not guarantee any profit or specific performance.
    3.4. Users are strongly advised to consult with an independent financial advisor before trading.

Clause 4: Know Your Customer (KYC) and Document Verification

4.1. The User agrees to provide:

  • A valid government-issued ID (e.g., passport or national ID)
  • A recent proof of address (e.g., utility bill or bank statement not older than 3 months)
    4.2. The Company reserves the right to request additional documents at any time.
    4.3. Failure to submit required documents may result in account denial, suspension, or closure.

Clause 5: Deposits and Withdrawals

5.1. Deposits and withdrawals must be made from/to accounts held in the User’s name only.
5.2. Minimum deposit: [$100]
5.3. Minimum withdrawal: [$50]
5.4. Withdrawal processing time: 1 to 5 business days
5.5. The Company is not responsible for delays caused by banks or third-party payment providers.
5.6. All transaction fees or bank charges are borne by the User.

Clause 6: Account Usage and Restrictions

6.1. The trading account may only be used for legitimate and lawful purposes.
6.2. The following activities are strictly prohibited:

  • Money laundering
  • Terrorism financing
  • Financial fraud
  • Trading on behalf of unauthorized third parties
    6.3. The Company reserves the right to monitor activity and take legal action against any suspicious behavior.

Clause 7: Fees and Commissions

7.1. The User acknowledges having reviewed and accepted the Company’s fee schedule.
7.2. Fees may include:

  • Trading commissions
  • Overnight swap/rollover fees
  • Inactivity fees
  • Currency conversion fees
    7.3. The Company may revise fees at any time with prior notice.

Clause 8: Trading Platform and Technical Systems

8.1. The Company provides a secure, licensed electronic trading platform.
8.2. The platform may undergo maintenance or experience technical interruptions; the Company is not liable for any losses due to downtime beyond its control.
8.3. The User agrees not to:

  • Use trading bots or automated systems without prior approval
  • Manipulate or interfere with the trading infrastructure
  • Share account credentials with third parties

Clause 9: Leverage and Risk Management

9.1. The Company offers leverage depending on the account type (e.g., 1:50 or 1:100 or 1:500).
9.2. The User understands that leverage magnifies both potential profits and potential losses.
9.3. The Company recommends using risk management tools like Stop Loss and Take Profit orders.
9.4. The Company reserves the right to adjust leverage or forcibly close positions if margin levels fall below required thresholds.

Clause 10: Inactivity Policy

10.1. If the User’s account remains inactive for more than 90 days, a monthly inactivity fee ($10) may apply.
10.2. After 180 days of inactivity, the Company may freeze the account after giving prior notice.

Clause 11: Data Privacy and Confidentiality

11.1. The Company is committed to maintaining the confidentiality of all client data.
11.2. Personal information will not be shared with third parties except as required by regulatory authorities or legal obligation.
11.3. The Company may internally use client data for service improvement or compliance purposes.

Clause 12: Amendments to the Terms

12.1. The Company may amend these terms and conditions with at least 7 days’ prior notice.
12.2. If the User disagrees with the changes, they may request account closure.
12.3. Continued use of the trading account constitutes acceptance of the new terms.

Clause 13: Account Termination

13.1. The User may request to close their account at any time, provided all open positions are settled.
13.2. The Company may suspend or terminate the account due to policy violation, suspicious activity, or regulatory requests.

Clause 14: Governing Law and Jurisdiction

14.1. This agreement shall be governed by the laws of Saint Lucia.
14.2. Any dispute shall be resolved exclusively in the courts of Saint Lucia.