YouTrade FX Client Agreement
1.1 The following describes the terms on which YouTrade FX (“YouTrade”) offers its clients access to our services, which are available under the domain and sub-domains of www.youtradefx.com (the "Site" or the “Website”).
1.2 By clicking "I Agree" or "I Accept", the Client accepts the terms and conditions of this Agreement and any documents incorporated by reference therein.
1.3 The Client further agrees that this Client Agreement forms a legally binding contract between the Client and the YouTrade offices , and that this Agreement constitutes a "writing signed by you" under any applicable law or regulation.
1.4 This Agreement is subject to change by YouTrade, without prior notice (unless prior notice is required by law), by posting the revised Agreement on the Web site.
1.5 YouTrade will provide notice to the Client of any such amendment or change by posting the amendment or change on the Website or by sending an e-mail message to the Client.
1.6 The Client agrees to be bound fully by the terms of such amendment or change on the earlier of: (i) ten (10) days after YouTrade has posted notice of such amendment or change to the Website; or (ii) on the date of the entry of any order, other than a liquidating order.
1.7 In the event that the Client objects to any such change or amendment, the Client agrees to close any of its open positions and to instruct YouTrade immediately regarding the disposition of all assets in its Account within ten (10) business days after notice of such amendment or change has been posted to the Website.
1.8 If the Client has any questions regarding this Agreement, he/she may contact immediately the Customer Support department of YouTrade.
2. TERMS AND HEADINGS
2.1 The term “YouTrade” refers to YouTrade Holdings Ltd. BVI, registration number1539926, which is part of the YouTrade group of companies, also including; (i) YouTrade Capital Markets Ltd., a company incorporated under the laws of the United Kingdom, with registration number 7448652 and supervised by the UK Financial Conduct Authority (“FSA”); (ii) YouTrade Capital Markets PTY Ltd., a company incorporated under the laws of Australia, with registration number 149 011 361, and supervised by the Australian Securities and Investments Commission (ASIC); and (iii) International YouTrade Investments MA Ltd., a company incorporated under the laws of Mauritius, with registration number 097392, and supervised by the Mauritius Financial Services Commission (FSC), its subsidiaries, successors and assigns. The term "Client" shall mean the party (or parties) executing the Agreement and the term "Agreement" shall include this Client Agreement and all other agreements and authorizations executed by the Client in connection with the maintenance of the Client’s account with YouTrade, regardless of the date of execution.
2.2 The paragraph headings in this Agreement are inserted for convenience of reference only and are not deemed to limit or affect the applicability of the meaning of any of its provisions.
3. LIMITED LICENSE
3.1 YouTrade grants the Client a non-exclusive, non-transferable and limited personal license to access and use the Website (the "License"). This License is conditioned on your continued compliance with the terms and conditions of this Agreement.
3.2 The License will terminate if YouTrade is of the opinion that any information provided by the Client, including the e-mail address, is no longer current or accurate, or if the Client fails to otherwise comply with any term or condition of this Agreement and all rules and guidelines for each service.
4. OBLIGATION OF YOUTRADE & AUTHORIZATION TO TRADE
4.1 YouTrade shall provide you with access to trading transactions and quotes through the reserve in a twenty four hour mode of operation, commencing Sunday 22:00 GMT until Friday 21:00 GMT, except on official holidays in the USA and Europe, through the operators of YouTrade.
4.2 YouTrade shall provide the following online reports:
(1) Open Positions-a report presenting the account's open transactions;
and (2) Account Statement: a report presenting the account's balance and statement at a given point in time.
4.5 YouTrade is authorized to purchase and sell the Forex market for the Client’s accounts in accordance with the Client’s oral, written or computer instructions, subject to the terms of this Agreement and all annexes hereto.
4.6 The Client is obligated to keep passwords secret and is solely responsible for ensuring that third parties do not obtain access to the passwords or YouTrade's trading facilities.
4.7 The Client agrees to be conclusively responsible for any instruction received electronically that is identified with the Client’s password and account number and for any electronic, oral or written instruction (including, but not limited to, any order) to YouTrade from entities that YouTrade, in its sole judgment, believes are apparently authorized by the Client (see appendix A).
4.8 YouTrade shall have no responsibility to further inquire into such apparent authority and shall have no liability for the consequences of any actions taken or failed to be taken by YouTrade in reliance on any such instructions or on the apparent authority of any such persons.
4.9 YouTrade is not obligated to quote or open deals during the publishing of major financial data or the publishing of global foreign exchange information.
5. GOVERNMENTAL COUNTER PARTY INSTITUTION & INTER-BANKING SYSTEM RULES
5.1 All transactions under this Agreement shall be subject to the constitution, by-laws, rules, regulations, customs, usage, rulings and interpretations of the counter-party institution or other inter-bank market (and its clearing organization, if any) where executed and to all applicable laws and regulations.
5.2 If any statute shall hereafter be enacted or any rule or regulation be adopted by any governmental authority, or if a contract market or clearing organization shall become binding upon YouTrade and shall affect, in any manner, or be inconsistent with 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 provisions so modified shall, in all respects, continue to be in full force and effect.
6. GUARANTEES AND DEPOSIT REQUIREMENTS
6.1 The Client shall provide to, and maintain with, YouTrade guarantees in such amounts and in such forms as YouTrade, in its sole discretion, may require.
6.2 YouTrade may change its requirements at any time.
6.3 The Client agrees to deposit, by immediate wire transfer or other payment method acceptable to YouTrade, such additional guarantees, when and as required by YouTrade, and will promptly meet all guarantee calls in such mode of transmission as YouTrade, in its sole discretion, designates.
6.4 YouTrade may, at any time, proceed to liquidate the Client’s account and any failure by YouTrade to enforce its rights hereunder shall not be deemed a waiver by YouTrade to enforce its rights thereafter.
6.5 YouTrade retains the right to limit the amount and/or total number of open positions which the Client may acquire or maintain at YouTrade, and to increase guarantees requirements in advance of earnings or other news or events, with or without notice, either before such event or retroactively or at any other time that it deems at its sole discretion.
6.6 YouTrade will attempt to execute all orders, which it may, in its sole discretion, choose to accept in accordance with the oral, written or computer instructions of the Client.
6.7 YouTrade reserves the right to refuse or accept any order.
6.8 YouTrade shall not be responsible for any loss or damage caused, directly or indirectly, by any event, action or omission which is beyond the control of YouTrade, including, without limitation, loss or damage resulting, directly or indirectly, from any delay or inaccuracy in the transmission of orders and/or information due to a breakdown in, or failure of, any transmission or communication facilities.
6.9 The Client will indemnify, and hold harmless, YouTrade, its affiliates and their respective directors, officers, shareholders, members, partners, agents and employees (each, an “Indemnified Party”), from any losses, expenses, claims or proceedings (collectively, “Losses”): (i) related to, or arising out of,: (A) the contents of oral or written information (or any omission therein of a material fact) provided by YouTrade, its employees or its other agents, which information either YouTrade provides to any Third Party to an actual or proposed transaction, or (B) any other action or failure to act by YouTrade, its employees or its other agents or by any Indemnified Party in accordance with YouTrade’s request or consent; or (ii) otherwise related to, or arising out of, the Agreement or any actual or proposed transaction.
6.10 In the event that the Client directs YouTrade to sell any margin, collateral, contract or other property and YouTrade is unable to deliver such margin, collateral, contract or other property to a purchaser because the Client fails to deliver it to YouTrade, YouTrade may borrow or purchase any guarantees, collateral, contract or property necessary to make such delivery, and the Client hereby agrees to guarantee and hold YouTrade harmless against any liability, claim, loss, damage, cost or expense, including attorneys’ fees that YouTrade may sustain.
7. COLLATERAL AND LENDING AGREEMENT
7.1 All funds, securities, commodities, currencies, and other property of the Client which YouTrade or its affiliates may, at any time, be holding on behalf of the Client (either individually, jointly with another, or as a guarantor of the account of any other person,) or which may, at any time, be in its possession or control, or carried on its books for any purpose, including safekeeping, are to be held by YouTrade as security and may be subject to a general lien and right of set-off for the liabilities of the Client to YouTrade, irrespective of whether or not YouTrade has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts the Client may have with YouTrade.
7.2 The Client hereby also grants to YouTrade the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Clients, to itself, as broker, or to others, any securities or other property of the Client held by YouTrade as margin or security.
7.3 This authorization shall apply to all accounts carried by YouTrade for the Client and shall remain in full force until all accounts are fully paid for by the Client or notice of revocation is sent by YouTrade from its registered office.
8. LIQUIDATION OF ACCOUNTS AND PAYMENT OF DEFICIT BALANCES
8.1 In the event of:
8.1.1 the death or judicial declaration of incompetence of the Client;
8.1.2 the filing of a petition for bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against the Client;
8.1.3 the filing of an attachment against any of the Client’s accounts carried by YouTrade,
8.1.4 insufficient margin/guarantee, or YouTrade's determination that any collateral deposited to protect one or more accounts of the Client is inadequate, regardless of current market quotations, to secure the account;
8.1.5 the Client’s failure to provide us with any information requested pursuant to this Agreement; or
8.1.6 any other circumstances or developments that YouTrade deems appropriate for its protection,
YouTrade,in its sole discretion, may take one or more, or any portion of, the following actions: (a) satisfy any obligation the Client may have to YouTrade, either directly or by way of guarantee of suretyship, out of any of the Client’s funds or property, which is in YouTrade’scustody or control; (b) sell or purchase any or all currency contracts or securities held or carried out for the Client; and (c) cancel any or all outstanding orders or contracts, or any other commitments made on behalf of the Client. It is further agreed that the margin call level is blocked at 10% of the Client's equity.
9.1 Client shall pay such brokerage fees, commissions, interest payments and special service and all other fees arising out of YouTrade providing services hereunder in accordance with the YouTrade fee schedule then in effect.
9.2 Commencing two (2) months from the date of opening an account, any YouTrade client account, in which there have been no transactions (including, but not limited to, trading, withdrawals, and deposits), for a set period of one (1) calendar month, will be considered as being inactive accounts. Inactive accounts will be charged a monthly fee of US$ 9.75 or the full amount of the free balance in the account if the free balance is less than US$ 9.75. There will be no charge if the free balance is zero.
9.3 YouTrade reserves the right to change its fee structure at any time without notice.
10. STATEMENTS AND CONFIRMATION
10.1 Reports of confirmation of orders and statements of accounts for the Client shall be deemed correct and shall be conclusive and binding upon the Client if not objected to within three business days of the online posting by YouTrade.
11.1 Reports, statements, notices and any other communications will be posted online and may be transmitted to such address as the Client may, from time to time, designate in a written or electronic communication to YouTrade.
12. YOUTRADE RESPONSIBILITIES
12.1 YouTrade will not be responsible for delays in the transmission of orders due to a breakdown or failure of transmission or communication facilities, electrical power outage or for any other cause, which is beyond YouTrade's control or anticipation.
12.2 In addition, orders must be placed so as to allow sufficient time to execute and calculate all necessary guarantee requirements.
12.3 The Client should be aware that there are risks associated with utilizing an Internet-based deal execution trading system, including, but not limited to, the failure of hardware, software, and Internet connection.
12.4 Since YouTrade does not control signal power, its reception or routing via the Internet, the configuration of your equipment or reliability of its connection, YouTrade cannot be responsible for communication failures, distortions or delays when trading via the Internet, and YouTrade shall not be liable for losses arising out of the default of any agent or any other party used by YouTrade under this agreement.
12.5 Under no circumstance shall YouTrade be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of, or inability to use, YouTrade’s trading platform or services, including, but not limited to, lost profits, loss of business, trading loss, loss of data or use of data, any unauthorized access to, alteration, theft or destruction of Client's computers, computer systems, data files, programs or information, or costs of procurement of substitute goods or services, or for any direct or indirect, special or consequential damages howsoever caused, and under any theory of liability and whether or not YouTrade has been advised of the possibility of such damage.
12.6 The Client accepts that the terms in section 12.5.above represent a reasonable allocation of risk and that this section is an essential element of this Agreement and that in its absence the economic terms of this Agreement would be substantially different.
12.7 This limitation applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, even if YouTrade has been advised of the possibility of such damage.
12.8 YouTrade has no liability or duty of indemnification related to unusable data, lost or corrupt Client transactions or data, by whatever means, in whatever form.
12.9 This limitation of liability additionally removes any duty or liability on the part of YouTrade related to unusable date, lost or corrupt Client transactions or data, resulting in part or in whole from third-party software or networking goods or services or from internet-related problems or from actions or events outside of YouTrade's control.
12.10 YouTrade disclaims any and all liability resulting from, or related to, any breach of Internet security or disruption, distortion or delay of the Client's connections to the internet, due to any reason whatsoever.
12.11 Since the Forex Market is not an exchange traded market, prices at which YouTrade deals or quotes may or may not be similar to prices at which other Forex Market dealers dealor quote.
12.12 Should a quoting or execution error occur, which may include, but is not limited to, a typographical error of a quote, a quote that does not represent fair market prices, an erroneous price quote from a dealer or erroneous price quote due to failure of hardware, software or communication lines,systems or inaccurate external data feeds provided by third-partydealers , YouTrade will not be liable for the resulting errors in account balances.
12.13 Internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed do not accurately reflect market rates.
12.14 YouTrade will not be responsible for deals opened by the Client which are not in accordance with to the above trading rules.
13. CURRENCY FLUCTUATION RISK
13.1 If the Client instructs YouTrade to enter into any foreign currency exchange transactions:
13.1.1 any profit or loss, arising out of a fluctuation in the exchange rate affecting such currency, will be entirely for the Client’s account and risk;
13.1.2 all initial and subsequent deposits for guarantees shall be made in U.S. dollars, in such amounts as YouTrade may, in its sole discretion, require; and
13.1.3 YouTrade is authorized to convert funds in the Client’s account for guarantees into and from such foreign currency at a rate of exchange determined by YouTrade, in its sole discretion, on the basis of the money market rates prevailing at the time.
14. RISK ACKNOWLEDGMENT
14.1 Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
14.2 A high degree of leverage can work for the investor as well as against the investor.
14.3 Before deciding whether or not to trade foreign exchange, the investor should carefully consider his/her investment objectives, level of experience, and risk appetite.
14.4 There is a possibility that the investor could sustain a loss of some or all of his/her initial investment and therefore should only be undertaken with risk capital (funds that are not necessary to the survival or well-being of the user).
14.5 The Client acknowledges that the Client has received no such guarantee from YouTrade, any of its representatives or any introducing agent, broker or other entity with whom the Client is conducting his/her YouTrade account and has not entered into this agreement in consideration of, or in reliance on, any such guarantee or similar representation.
15. TRADING RECOMMENDATIONS
15.1 The Client acknowledges that;
15.1.1 any market recommendations and information communicated to the Client by YouTrade or by any person within the offices of YouTrade, does not constitute an offer to sell or the solicitation of an offer to buy any Forex Market contract,
15.1.2 such recommendation and information, although based upon information obtained from sources believed by YouTrade to be reliable, may be based solely on a broker’s opinion and such information may be incomplete and unverified. YouTrade makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or trading recommendation furnished to the Client.
15.2 The Client acknowledges that YouTrade and/or its officers, directors, affiliates, associates, stockholders or representatives may intend to buy or sell currencies, which are the subject of market recommendations furnished to the Client, and that the market position of YouTrade or any such officer, director, affiliate, associate, stockholder or representative may not be consistent with the recommendations furnished to the Client by YouTrade.
15.3 The Client acknowledges that YouTrade makes no representations concerning the tax implications or treatment of contracts;
15.4. The Client further acknowledges that in the event that the Client grants trading authority or control over the Client’s account to a third party ("Trading Agent"), whether on a discretionary or non-discretionary basis, YouTrade shall, in no way be responsible for reviewing the Client’s choice of such Trading Agent nor for making any recommendations with respect thereto.
15.5 If the Client gives the Trading Agent authority to exercise any of its rights over the Client’s account(s), the Client acknowledges that the Client does so at the Client’s own risk.
16. CLIENT REPRESENTATIONS AND WARRANTIES
16.1 The Client represents and warrants that:
16.1.1 if the Client is a natural person, the Client is of sound mind, legal age and legal competence.
16.1.2 if the Client is not a natural person: (i) the Client is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; (ii) execution and delivery of this Agreement and all Contracts and other transactions and performances of obligations contemplated hereunder have been duly authorized by the Client; and (iii) each person executing and delivering this Agreement and all other transactions contemplated hereunder on behalf of the Client has been duly authorized by Client to do so.
16.1.3 No person, other than the Client, has or will have an interest in the Client’s account(s) and the Client has not granted, and shall not, grant a security interest in the Client’s account with YouTrade (other than the security interest granted to YouTrade hereunder) to any person without YouTrade’s prior written consent.
16.1.4 The Client has full beneficial ownership of all collateral and shall not grant any security interest in any collateral to any person (other than the security interest granted to YouTrade hereunder) without YouTrade’s prior written consent.
16.1.5 The Client hereby warrants that, regardless of any subsequent determination to the contrary, the Client is suitable to trade the Forex Market and is a sophisticated institution and/or institutional participant.
16.1.6 The Client is not now an employee of any exchange, any corporation in 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 company, and in the event that the Client becomes so employed, the Client will promptly notify us, at YouTrade's registered office, in writing, of such employment.
16.1.7 The Client will execute and deliver all documents, give all notices, make all filings and take such other actions as YouTrade, in its sole discretion, deems necessary or desirable in order to evidence or perfect any security interest in favor of YouTrade or to protect YouTrade’s interests with respect to any Collateral.
16.1.8 The Client has read and understood the provisions contained in this Agreement, including, without limitation, YouTrade’s Risk Disclosure Statement.,
16.1.9 The Client will review this Agreement each time that it is amended.
16.1.10 The Client will not affect any transaction in the Client’s account unless the Client understands this Agreement agrees that in effecting any transaction, it is deemed to represent that it has read and understood this Agreement as in effect at the time of such transaction.
16.1.11 The Client agrees to, and shall at all times comply, with all applicable laws, statutes and regulations and the Client hereby declares that the execution and delivery by the Client of this Agreement and all other transactions contemplated hereunder, and performance of all of the Client’s obligations contemplated hereunder and any other transaction contemplated hereunder, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to the Client.
16.1.12 THE CLIENT MAY NOT USE HIS/HER PERSONAL ACCOUNT WITH YOUTRADE FOR ANY ILLEGAL ACTIVITY.
16.1.13 The Client will not use trading robots, expert advisors, or other computer programs that are not provided by YouTrade.
16.1.14 All trading shall be done in good faith and under the forex practice.
16.1.15 Hedging, scalping and arbitrage deals are prohibited and the YouTrade reserves the right to cancel these deals, except in the cases and the types of accounts where the offices of YouTrade allow it.
126.96.36.199.1 Scalping means a trade that was opened and closed prior to, or within, 90 seconds of its opening time.
188.8.131.52.2 Hedging means an opposite trade to an existing trade with the same trade volume that was opened to gain profit from deal terms.
184.108.40.206.3 Arbitrage means a trade that was opened or closed in an off-market price.
220.127.116.11.4 Placing future "buy stop" or "sell stop" orders prior to the release of financial data is prohibited and will not be permitted. YouTrade shall reserve the right to cancel any such orders without prior notice to the Client.
17. DISCLOSURE OF FINANCIAL INFORMATION
17.1 The Client represents and warrants that the financial information disclosed to us in his/her Application is an accurate representation of the Client’s current financial condition.
17.2 The Client represents and warrants that he/she has very carefully considered the portion of the Client’s assets which the Client considers to be risk capital.
17.3 The Client recognizes that risk capital is the amount of money he/she is willing to put at risk and the loss of it would not, in any way, change the Client’s lifestyle.
17.4 The Client agrees to immediately inform us if the Client’s financial condition changes in such a way to reduce the Client are net worth, liquid assets and/or risk capital.
18. INTRODUCING BROKERS
19. If the Client’s account has been introduced to YouTrade by an Introducing Broker (“IB”), the Client understands and acknowledges that YouTrade may compensate the IB for introducing the Client to YouTrade and that such compensation may be on a per trade or any other basis.
20. DISCLOSURE OF CLIENT INFORMATION
20.1 YouTrade will not share or sell information regarding Clients and/or prospective Clients, except to its employees, agents, partners, and associates, as required in the ordinary course of business, including, but not limited to, YouTrade's banking or credit relationships.
20.2 YouTrade may also disclose to federal or state regulatory agencies and law enforcement authorities’ information, regarding the Client and the Client’s transactions, in response to a request for such information or in response to a court order or subpoena.
20.3 YouTrade will share or sell statistical information without disclosing the Client's identity.
21. GOVERNING LAW AND JURISDICTION
21.1 This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby, whether brought by the Client or by YouTrade, shall be governed , construed and enforced, in all respects, by the laws of the UK.
21.2 The Client hereby consents and submits to the exclusive jurisdiction of any appropriate court located within the UK, in any action or proceeding arising directly or indirectly hereunder, whether brought by the Client or YouTrade, and each party irrevocably submits to the jurisdiction of such courts.
22.1 This Agreement shall continue to remain in effect until termination and may be terminated by the Client at any time upon three (3) days prior written notice when the Client has no open Currency position(s) and no liabilities held by, or owed to, YouTrade upon the actual receipt by YouTrade at its registered office of written notice of termination, or at any time whatsoever by YouTrade upon the transmission of written notice of termination to the Client; provided, that such termination shall not affect any transactions previously entered into and shall not relieve either party of any obligations set out in this Agreement nor shall it relieve the Client of any obligations arising out of any deficit balance.
23. INTELLECTUAL PROPERTY AND CONFIDENTIALITY
23.1 All copyrights, trademarks, trade secrets and other intellectual property rights and proprietary rights to the YouTrade website in its totality, its contents and any related materials (“YouTrade IP”) shall remain, at all times, the sole and exclusive property of YouTrade and Clients shall have no right or interest in the YouTrade IP except for the right to access and use the YouTrade IP as specified herein.
23.2 The Client acknowledges that the YouTrade IP is confidential and has been developed through the expenditure of substantial skill, time, effort and money.
23.3 The Client shall protect the confidentiality of the YouTrade IP and not allow website access to any Third Party.
24.1 The Client agrees and acknowledges that all conversations regarding the Client’s account(s) between the Client and YouTrade personnel may be electronically recorded with or without the use of an automatic tone warning device.
24.2 The Client further agrees to the use of such recordings and transcripts as evidence by either party in connection with any dispute or proceeding that may arise involving the Client or YouTrade.
24.3 The Client understands that YouTrade destroys such recordings at regular intervals in accordance with YouTrade’s established business procedures and the Client hereby consents to such destruction.
25. LEGAL RESTRICTIONS
25.1 Without limiting the foregoing, the Client understands that laws regarding financial contracts vary throughout the world and it is the Client's obligation alone to ensure that the Client fully complies with any law, regulation or directive, which is relevant to the Client's country of residency with regards to the use of the Website.
25.2 For the avoidance of doubt, the ability to access YouTrade's Website does not necessarily mean that YouTrade's services and/or Client's activities through the Website are legal under the laws, regulations or directives relevant to the Client's country of residency.
25.3 This Website does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is unauthorized, or to any person to whom it is unlawful to make such an offer or solicitation.
25.4 Access to this Website, and the offering of financial contracts via this Site, may be restricted in certain jurisdictions, and, accordingly, users accessing this site are required to inform themselves of, and to observe, such restrictions.
25.5 Accordingly, YouTrade services are not available to residents of USA, Poland, Quebec and Hong Kong, since the local law does not allow persons not authorized by the local Securities Commission to carry on the business of dealing in future contracts.
25.6 IF YOU ARE A RESIDENT OF THE US, HONK KONG OR POLAND, PLEASE DO NOT USE OUR WEBSITE.
By accepting this Agreement, the Client hereby declares that the money invested in the Client's account with YouTrade does not originate from drug trafficking, abduction, or any other criminal activity.
27. TAX COLLECTION
27.1 Client is aware of, understands and agrees that, in general, YouTrade does not collect tax for any authority in any form or manner.
27.2 Without derogating from the Client's sole and entire responsibility to perform tax payments, the Client agrees that YouTrade may deduct tax, as may be required by the applicable law, but is not obligated to do so, from the results of the activity with YouTrade.
28. ACCOUNT PROCEDURES – IDENTIFICATION
28.1 The Client acknowledges that applicable laws require financial institutions to obtain, verify, and record information identifying each person who opens an account and, accordingly, the Client has provided YouTrade with certain identifying information and documents.
28.2. The Client confirms that the Client has provided true, accurate, current and complete information during the registration process, and that the Client has not impersonated any person or entity, or misrepresented any affiliation with another person, entity or association, used false headers or otherwise concealed the Client's identity from YouTrade, for any purpose.
29. WITHDRAWAL AND DEPOSIT PROCEDURES
29.1 The Client further acknowledges and accepts YouTrade's procedures with respect to withdrawals and deposits to accounts as set forth below:
29.2 Withdrawal orders:
29.2.1 The provision of documentation, as may be required from time to time by AML (Anti Money Laundering) regulations, credit card companies and YouTrade, is a prerequisite prior to the execution of a withdrawal order.
29.2.2 Credit card deposits may be, according to credit card companies' regulations, returned to the same credit card when a withdrawal is performed.
29.2.3 A withdrawal to a bank account where initial deposits have been performed by credit cards will be executed back to the credit card or to the bank account at YouTrade's discretion.
29.2.4 Withdrawals to bank accounts may take longer due to additional security procedures.
29.3 Credit Card Deposits Variance:
29.3.1 When choosing an account base currency, other than USD, the Client's credit card may be debited sums which, due to exchange rates and credit card companies’ fees, may slightly vary from the initial sum that has been deposited by the Client in the account base currency.
29.3.2 The Client hereby accepts that such variations may occur and hereby affirms that the Client shall not seek to object or charge this back.
29.3.3 When depositing by a Bank Transfer, as required by anti-money laundering regulations, the Client is
required to use only one bank account, which is in the Client's country of residence and in the Client's name.
29.3.4 An authentic SWIFT confirmation, showing the origin of the funds, must be sent to YouTrade.
29.3.5 Failure to submit such SWIFT may result in the return of the deposited amount, thereby preventing the deposit of such pending amounts to the Client's account.
29.4 Any withdrawal of funds, from the Client's YouTrade account to a bank account, can only be refunded to the same bank account from which the funds were originally received.
29.5 Alternative payment methods (internet payment vendors; money transfer services; etc.):
29.5.1 When the Client deposits funds using a facility other than credit cards and/or banks, the Client agrees to be bound by the regulations and rules of such service, including, but not limited to, fees and other restrictions.
29.5.2 YouTrade, at its sole discretion, may execute withdrawals to a facility other than the facility used for the original deposit, in accordance with anti-money laundering regulations.
29.5.3 YouTrade can cancel trades that were done in arbitrage, statistic or regular, if a client opened a trade and or closed a trade NOT in a market price.
29.5.4 If a trade was made with YouTrade and it was revealed that a counter trade was made in another company with the intention to ZERO OUT ONE account and DOUBLE THE OTHER for earning the BONUS, it can be canceled without notice at YouTrade’s sole discretion.
29.5.5 For the avoidance of doubt, YouTrade is not responsible for any loss and or claim caused to the client due to trades made in an arbitrage or any other illegitimate or fraud condition of any kind.
29.6 Accounts that hold $100,000 or more must trade for a period of at least three (3) months before withdrawals can be requested.
29.7 Withdrawal fees: $15 for transfers via credit card, $30 for bank wire transfers.
30. BONUS SCHEME
30.1 The Client may receive a bonus (the “Bonus”) in the amount of a certain percentage of his first deposit in USD (stated by his account manager) to his/her trading account.
30.2 The Bonus shall apply to all accounts, except 1 pip fixed accounts.
30.3 The bonus can only be credited for the funds in fact present on the account at the moment of considering the application for a bonus.
30.3 The Client confirms that he/she receives the Bonus for himself/herself and not for members of his/her family.
30.4 The Client shall be entitled to withdraw the bonus only after executing a number of lots equal to 0.2*Bonus = number of lots required.
30.5 If a client requests to withdraw before executing the number of required lots, the bonus will be deducted from his total balance.
30.6 Withdrawal of profits after receiving a bonus:
30.6.1 If a client executed less than 25% of the required lots, he shall not be entitled to withdraw profits.
30.6.2 If a client executed between 25% - 99.99% of the required lots, he shall be entitled to withdraw his profits according to the percentage size of lots he executed from the required lots.
30.6.3 If a client executed 100% of required lots he will be entitled to withdraw all of his profits.
30.7 In order to obtain the Bonus, it is necessary to pass the procedure of identification by sending a high-quality scanned copy of the Client’s ID card. Acceptable forms of identification include:
a) an official, government-issued passport identification,
b) an ID card,
c) an official, state-issued international passport or driver's license,
d) a copy of a credit card used in order to deposit, and
e) a utility bill from no later than the last six (6) months.
Your ID information must consist of Latin characters. In restrained terms, the Company reserves the right to request additional documents at its own discretion.
30.8 The Company may cancel the Bonus in case of revealing unscrupulous usage of the bonus surcharge system.
30.6 If the deposit was withdrawn immediately after the Bonus receipt, the company reserves the right to cancel the Bonus for this trading account.
30.7 The Company reserves the right to cancel the Bonus without prior warning. Consequently, we strongly recommend not to use Bonus funds in calculation of profit in your trading strategy. The Company is not responsible for any consequences of Bonus cancellation, including Stop Out, since the Bonus is the ownership of the Company until the trader evaluates it by opening deals of total volume specified in section 3 of this Agreement.
30.8 The Client has a right to question the Company's decision within 10 days by sending an e-mail to firstname.lastname@example.org.
31. AUTOMATED TRADING
31.1 By using Automatic Electronic Trading Service (the "Service") provided by YouTrade or any third party ("Third Party") as detailed below, the Client agrees to the following terms:
31.1.1 the Client account shall be subscribed to the Service by YouTrade, including the installation of the Service Computer Application (the "Application") on the Client account and/or the Client computer, as applicable.
31.1.2 The Client shall be charged by YouTrade with the Software Transmission Fee (the "STF") as set forth below:
a. Zulutrade- two (2) pips on every transaction (Buy or Sell).
b. Mirror Trader- Zero (0) pips.
c. Youtrade robots –Zero (0) pips.
31.2 The Client understands that the Spread between Buy and Sell quotes may be wider than the customary spread at YouTrade for regular retail accounts due to STF Collection. The Fees detailed above shall consist an offer valid for thirty (30) days following the date herein (the "Offer Period"). Following the end of the Offer Period, YouTrade may offer the Services at a different STF and/or any other Fees. STF and any other Fee may change due to Third Party change of fees and YouTrade shall inform the Client in written notice within thirty (30) days prior to the Fees change in his account.
31.3 YouTrade, in its sole discretion, reserves the right to update and upgrade the Application. Such upgrades or updates may cause temporary or permanent termination of the Application and the Client waives any claim against YouTrade relating to the temporary and/or permanent termination of the Application, as stated above.
31.4 The Client acknowledges and agrees that all rights, title and interest in and to the Application, including associated Intellectual Property Rights (including, without limitation, copyrights, trade secrets, trademarks, etc.) related to the Application are, and shall remain, with YouTrade or Third Party owner. The Client shall not modify, translate, reverse engineer, decompile, disassemble or create derivative works based on the Application, and shall not transfer, assign, rent, or allow the use of the Application by any Third Party without YouTrade’s prior written consent.
31.5 YOUTRADE IS AN EXECUTION SERVICE ONLY AND DOES NOT WARRANT THAT THE APPLICATION WILL MEET THE CLIENT’s REQUIREMENTS OR THAT THE SUPPLY, INSTALLATION AND OPERATION OF THE APPLICATION WILL BE UNINTERRUPTED OR ERROR FREE. THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE APPLICATION IS ON THE CLIENT. THE APPLICATION AND THE USE OF THE APPLICATION, THROUGH AN INTERNET CONNECTION, IS PROVIDED BY YOUTRADE ON AN "AS IS", "AS AVAILABLE" BASIS, AND YOUTRADE EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF SATISFACTORY QUALITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE APPLICATION OR ANY USE THEREOF.
31.6 IN NO EVENT SHALL YOUTRADE AND YOUTRADE DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS AND AGENTS BE LIABLE FOR LOST PROFITS, LOST SALES, LOST BUSINESS, LOST OPPORTUNITY, LOST INFORMATION, LOST OR WASTED TIME OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES (HOWEVER ARISING, INCLUDING NEGLIGENCE) ARISING OUT OF, OR WITH RESPECT TO THE APPLICATION AND THE INSTALLMENT OR USE THEREOF.
31.7 To the extent that the Application contains any software provided by any Third Parties, such Third Party’s software shall be subject to the terms set forth in this Agreement, as if the Third Party is YouTrade itself, and any other agreements attached or applicable to such software.
31.8 The Client is also fully aware of the risk of loss involved in trading in the foreign exchange market and especially in electronic trading and automatic electronic trading, which includes, inter alia, YouTrade not guaranteeing that the Application shall always be in connection with the Trading Platform, brokers or other required Third Parties, nor can YouTrade guarantee that the Application shall be without disruptions, delays or other communication-related flaws. Due to the fact that trading systems and the Application are based, amongst others, on networks for the exchange of information and the Internet, the commerce or any part thereof may be ceased and/or disrupted, without prior notice or for reasons which are not under YouTrade’s control. YouTrade will not be liable for any such disruptions, delays or other omissions experienced when using the Application and the Client shall have no claim, demand or right for indemnification in such event, with respect to any damage claims that were caused due to the cessation of commerce and/or due to transactions performed or not performed.
31.9 The Client understands that the Application installed on his computer may work only when his computer is switched on and the Application is working and connected to the Client account. The Client further understands that if the Application is working remotely from his computer, it shall also work when his computer is turned off and/or when the Trading Platform is not running on his computer or connected to his account.
ON BEHALF OF THE CLIENT
Full name: ___________________
ON BEHALF OF YOUTRADE