This is a Client Agreement (‘Agreement’) between the client and both CentfX (Merchant,License Holder), (collectively hereinafter mentioned as “Company” or “CentfX”) being registered companies organized under the laws of Republic of United Kingdom and St. Vincent and The Grenadines respectively, its successors and assigns, and therefore the party (or parties) executing this document. CentfX is requireing licensed Dealer in Securities at St. Vincent and The Grenadines.
In consideration of CentfX agreeing to hold one or more accounts of the undersigned person or persons (hereinafter mentioned as “Trader” or “Client”) and providing services to Client in reference to the acquisition and sale of exchange contracts, Client agrees as follows: CentfX isn’t to be required to simply accept the Client as a Client until all documentation it requires has been received by CentfX, properly and fully completed by the Client. The Client has no right to cancel the Agreement on the idea that it’s a distance contract.
1. Client representations and warranties
Client represents and warrants that: (a) Client is of sound mind, majority and legal competence; and, (b) nobody aside from Client has or will have an interest in Client’s account(s); and, (c) Client hereby warrants that no matter any subsequent determination to the contrary, Client is suitable to trade exchange contracts, and, (d) Client isn’t now an employee of any exchange, any corporation during which any exchange owns a majority of the capital stock, any member of any exchange and/ or firm registered on any exchange, or any bank, trust, or insurance firm that trades an equivalent instruments as those offered by CentfX, and within the event that Client becomes so employed, Client will promptly notify CentfX via e-mail of such employment; and, (e) all the knowledge provided within the CentfX Account Application (the “Application”) is true, valid, accurate and complete as of the date hereof and Client will notify CentfX promptly of any changes in such information, (f) the Client has read and fully understood the terms of the Agreements including the danger Disclosure;(g) all actions performed under this Agreement won’t violate the Law, the Applicable Regulations or any law, ordinance, charter, by-law or rule applicable to the Client or to the jurisdiction during which the Client is resident, or any agreement by which the Client is bound or by which any of the Client’s assets are affected, (h) the Client confirms that he / she has regular access to the web and consents CentfX provides him/her with information, including, without limitation, information about amendments to the terms and conditions, costs, fees, the Operative Agreements, Policies and knowledge about the character and risks of investments by posting such information on the web site , (i) the Client funds and/or any Financial Instruments, which the Client may deliver to CentfX up accordance with the terms of this Agreement aren’t in any direct or indirect way the proceeds of any criminality or used or intended to be used for terrorist financing; are owned by the Client and are freed from any lien, charge, pledge or other encumbrance or claim by any third party; (j) the Client will make use of the services and/or prices offered under this Agreement in straightness and, where applicable, acting in accordance with accepted market practice, (k) the Client will notify the corporate if at any stage during the course of this Client Agreement he becomes a Politically Exposed Person.tance contract.
2. Authorization to trade
CentfX will engage in exchange contracts transactions with Client in accordance with Client’s oral, written or electronic instructions. In reference to any Transaction the Client acts as Principal and not as Agent on behalf of any third party. this suggests that unless otherwise agreed, CentfX will treat the Client as a Client for all purposes and therefore the Client shall be directly and fully liable for performing the obligations under each Transaction made by or on behalf of the Client. The Client authorizes CentfX to rely and act on any Request, Instruction or other communication received from the Client which purports to possess been given by the Client or on behalf of the Client without further enquiry on the a part of CentfX on the authenticity, genuineness, authority or identity of the person giving or purporting to offer such Request, Instruction or other communication. The Client are going to be liable for and can be bound by all obligations entered into or assumed by CentfX on behalf of the Client in consequence of or in reference to such Requests, Instructions or other communications.
3.Anti-money laundering procedures
Client agrees to and acknowledges the following: a) biometric identification . to assist the govt fight the funding of terrorism and concealment activities, CentfX is required to get , verify, and record information that identifies everyone who opens an account with CentfX. When Client opens an account, CentfX is required to gather information like the following: 1) Client’s name; 2) date of birth; 3) permanent address; and 4) number . CentfX may verify Client’s identifying information by performing a credit check or requiring Client to supply a government ID or other identifying documents. b) Monitoring. CentfX may monitor the trading activity in accounts to research or identify concealment . c) PROHIBITED BANKS. CentfX is prohibited from conducting business with the subsequent entities (“Section 311 entities”): Banco Delta Asia; VEF Banka; full service bank of Syria; Syrian Lebanese Commercial Bank; Myanmar Mayflower Bank; Asia Wealth Bank; Any Burmese banking institution, including foreign branches; And any subsidiaries of the above entities. this suggests that the Client might not , directly or indirectly, deposit money into the CentfX trading account from a neighborhood 311 entity. Nor may the Client, directly or indirectly, withdraw money from the CentfX trading account to any Section 311 entity. If we become aware that any Section 311 entity is related to a Client’s CentfX trading account, we’ll take appropriate steps to stop such access, including, where necessary, terminating the account.
Client authorizes CentfX or agents working on behalf of CentfX to research Client’s credit standing and in connection therewith to contact such banks, financial institutions and credit agencies as CentfX shall deem appropriate to verify information regarding Client. Client further authorizes CentfX to research Client’s current and past investment activity, and in connection therewith, to contact such futures commission merchants, exchanges, broker/ dealers, banks, compliance data centers, and the other financial and investment institution as CentfX shall deem appropriate. Client also acknowledges that CentfX may provide information (e.g. negative account information of unsecured debts) regarding Client’s performance under this Agreement to those agencies.
5. Disclosure of monetary information
Client represents and warrants that the financial information disclosed to CentfX up the appliance is an accurate representation of the Client’s current economic condition . Client represents and warrants that in determining Client’s Net Worth, Gross Income, Total Assets and Liabilities were carefully calculated, Client represents and warrants that in determining the worth of Total Assets, the Client included cash and/ or cash equivalents, Government and Marketable securities, land owned (excluding primary residence), the cash value of life assurance and other valuable assets. Client represents and warrants that in determining the worth of Liabilities, Client included notes payable to banks (secured and unsecured), notes payable to relatives, land mortgages payable (excluding primary residence) and other debts. Client represents and warrants that Client has very carefully considered the portion of Client’s Total Assets which Client considers to be venture capital . Client recognizes that venture capital is that the amount of cash Client is willing to place in danger and if lost wouldn’t , in any way, change Client’s lifestyle. Client agrees to right away inform CentfX if the Client’s economic condition changes in such how on reduce Client’s Net Worth and/ or venture capital.
6. Account approvals and maintenance
CentfX may reject Client’s Application or close Client’s account for any reason, at CentfX’s sole and absolute discretion. CentfX may require Client to supply CentfX with additional information or documentation so as for CentfX to continue carrying Client’s account. Client acknowledges that CentfX may, at any time in its sole and absolute discretion, restrict trading, disbursements or transfers. CentfX can also charge inactivity fees, where there has been no trading activity on a Client’s account. More detailed information regarding CentfX’s inactivity fees is out there on its website (FAQ Section). CentfX may amend, change, revise, add or modify the Agreement at any time. the foremost current Agreement are going to be posted to CentfX’s internet site https://centfx.com. Client understands that this Agreement can’t be modified by any verbal statements or written amendments that Client seeks to form to the Agreement without written acceptance from the overall Counsel of CentfX.
7. Security and confidentiality
Client agrees and acknowledges that Client is that the exclusive owner and solely responsible, jointly and severally if applicable, for the confidentiality and protection of Client’s account number(s) and password(s) that permits Client to put on-line orders and access to CentfX’s electronic trading systems. If Client fails to suits these clauses, then he or she is going to be responsible for the resulting loss. Client further agrees that Client are going to be fully liable for all activities including brokerage transactions that arise from the utilization of Client’s account number(s) and password(s). Client agrees to indemnify and hold CentfX harmless from: if the other person utilizing Client’s tip provides instructions to CentfX which will be contrary to Client’s instructions. Client will immediately notify CentfX up writing or by email of any loss, theft or unauthorized use of Client’s account number and/ or passwords.
8. No advice and no recommendations
Client acknowledges that CentfX doesn’t and can not give investment, legal or tax advice or make trading recommendations. Client acknowledges that CentfX makes no representations concerning the tax implications or treatment of exchange contracts. Client agrees that Client may be a self-directed investor and every one orders entered are unsolicited and supported Client’s own investment decision or the investment decision of Client’s duly authorized representative. Client agrees that neither CentfX nor any of its employees could also be Client’s duly authorized representative which Client will neither solicit nor depend on CentfX or any of its employees for any such advice. Client understands that Client is solely liable for all orders entered, including but not limited to trade qualifiers, the amount of trades entered, the suitability of any trade(s), investment strategies and risks related to each trade, and can not hold CentfX or any of its employees responsible for those investment decisions. Client further understands that CentfX doesn’t and can not review the appropriateness or suitability of any transactions implemented or investment strategies employed in Client’s account. Client hereby agrees to carry CentfX and its officers, directors, employees, agents and affiliates harmless from any liability, financial or otherwise, or expense (including attorneys’ fees and disbursements), as incurred, as a results of any losses or damages. Client may suffer with reference to any such decisions, instructions, transactions or strategies employed in Client’s account by Client or Client’s duly authorized representative, or as a results of any breach by Client of any of the covenants, representations, acknowledgments or warranties herein.
9. Trading recommendations
CentfX may from time to time offer market news, commentary, charting and analysis, trading performance analytics, signals-based products or services and other trading support tools (“Trading Tools”). The Trading Tools are general in nature and don’t and can not take under consideration Clients’ personal objectives, financial situation or needs. Before working on a Trading Tool, Client should consider its appropriateness, having reference to his/her personal objectives, financial situation and wishes . Client acknowledges that: (i) any market recommendations and knowledge communicated to Client by CentfX or by a person within the corporate , doesn’t constitute a suggestion to sell or the solicitation of a suggestion to shop for any exchange contract, such recommendation and knowledge , although based upon information obtained from sources believed by CentfX to be reliable, could also be based solely on a broker’s opinion which such information could also be incomplete and should be unverified; and (iii) CentfX makes no representations, warranties or guarantees on , and shall not be liable for , the accuracy or completeness of any such information or trading recommendation furnished to Client. Client acknowledges that CentfX and/ or its officers, directors, affiliates, associates, stockholders or representatives may have an edge in or may shall buy or sell currencies, which are the topic of market recommendations furnished to Client, which the market position of CentfX or any such officer, director, affiliate, associate, stockholder or representative might not be according to the recommendations furnished to Client by CentfX. To the extent permitted by Applicable Laws, Client agrees to not hold CentfX, its directors, officers, employees and agents responsible for losses or damages, including legal fees, which will arise, directly or indirectly, in whole or partially , from: (a) non-delivery, delayed delivery or the misdirected delivery of any Trading Tool, (b) inaccurate or incomplete content of any Trading Tool or (c) Client’s reliance on or use of the knowledge in any Trading Tool for any purpose.
10. Margings and deposit requirements
Client shall provide and maintain margin in such amounts and in such forms as CentfX, in its sole discretion may require. it’s the Client’s responsibility to make sure that the Client understands how a margin is calculated. CentfX may change margin requirements at any time without prior notice. CentfX retains the proper to limit the quantity and/ or total number of open positions that Client may acquire or maintain at CentfX. CentfX reserves the proper to shut any Client positions at any time that it deems necessary. CentfX shall not be liable for any loss or damage caused, directly or indirectly, by any events, actions or omissions including but not limited to loss or damage resulting, directly or indirectly, from any delays or inaccuracies within the transmission of orders and/ or information thanks to a breakdown in or failure of any transmission or communication facilities. for instance , in volatile market conditions a call could also be delayed leading to the likelihood of a negative usable margin; a call may occur albeit positions are hedged, within the jurisdictions where hedging is permitted by law, thanks to currency conversion rate volatility or daily interest charges or credits. Client agrees and understands that his/her account is under CentfX control. CentfX may change Margin requirements at any time, without prior notice, and CentfX may involve additional Margin at any time CentfX believe that it’s prudent to try to to so. CentfX may liquidate open Transactions or non-cash Margin in Client’s account if Client fail to satisfy a call or have a deficit balance. CentfX may withdraw funds from Client’s account all of sudden to satisfy any payment obligations Client has got to Company, including for commissions and costs .
CentfX may, in its sole discretion and all of sudden to Client, offset Client’s open positions, roll over Client’s open positions into subsequent settlement period of time , or make or receive delivery on behalf of Client upon any terms and by any methods deemed reasonable by CentfX, in its sole discretion. Terms and/ or methods for delivering, offsetting, or rolling over Client’s open positions may differ on a Client-by-Client basis, at CentfX’s sole discretion. Any positions held in Client account at 5PM EST could also be rolled over to subsequent settlement date and Client account could also be debited or credited for the interest differential for the rollover period