Post on 11-Mar-2023
JADEN FOREX CLIENT AGRREMENT
The following Client Agrement shall replace any prior or existing agreement
between the parties, or previously issued terms & conditions, and shall apply to
any existing arrangements currently operating between the parties. This terms
should be read thoroughly by the Customer. By executing an Account Application
and/or undertaking any transaction with Jaden Forex Ltd you hereby agree to be
bound by the following Client Agrement (as amended from time to time).
1. INTRODUCTION
1.1. This Client Agrement forms the basis
on which Jaden Forex provides
investment and ancillary services to
the client.
2. ACKNOWLEDGEMENT
2.1. The client acknowledges that he/ she
read, understood and accepted the
documented through a Power of
Attorney, a copy of which is held by the
Company.
Balance
Shall mean the funds available in a
trading account that may be used for
trading financial instruments.
Balance Currency
Client Agreement, the Risk Shall mean the currency that the trading
Disclosure Notice and the Terms and
Conditions, as amended from time to
time
account is denominated in; it should be
noted that all charges including spreads,
commissions and swaps, are calculated in
3. COMMENECEMENT
SERVICE AGREEMENT
OF THE that currency.
Client
3.1. The Service Agreement shall Shall mean either the natural or legal
commence once the prospective client
receives an e-mail that contains the
trading account number and certain
person who received the e-mail referred
to in paragraph 3.1, above.
Closed Position
documents; namely, the Client Shall mean exposures in Foreign
Agreement, the Risk Disclosure Currencies that no longer exist. The
Notice and the Terms and process to close a position is to sell or
Conditions. 4. DEFINITIONS
INTERPRETATION
Unless indicated to the
defined terms included
AND
contrary, the
in the Client
buy a certain amount of currency to
offset an equal amount of the open
position. This will 'square' the position.
Equity
Agreement shall have a specific meaning
and may be used in the singular or plural
as appropriate.
Authorised Representative
Shall mean either the natural or legal Shall mean the present account balance,
calculated according to the formula:
balance + floating profit - floating loss.
Free Margin
Shall mean funds that are available for person who is expressly
the client to act on his/
authorised by her behalf; the
opening a position. It is calculated as:
Free Margin = Equity Margin
above mentioned relationship is
Margin
Shall mean the required funds available
5.1. JadenForex provides investment
services that based on an execution-
in a trading account for the purposes of
maintaining an open position.
only trading of a
Specifications of
financial instrument.
financial instrument
Margin Level
Shall mean the Equity to Margin ratio
calculated as: Margin Level = Equity /
Margin
Market Maker
Shall mean the company, or the
individual, that quotes both a buy and a
sell price in a financial instrument.
Open Position
Shall mean any position that has not been
closed. For example, an open long
which are available online at
https://www.jadenforex.com.
5.2. The trading conditions and execution
rules of the financial instruments on
offer by the Company can be found at
the Terms & Condition Agrement. Upon
notice to the client, JadenForex have the
right to amend, from time to time, both
the trading conditions and execution
rules. Even if the Company amends any
part of the trading conditions and/ or
position not covered by the opposite execution rules the client continues to
short position and vice versa. be bound by the Service Agreement,
Prospective Client
Shall mean either a natural or legal
including but not limited to any
amendments that have been
person who completed the application implemented.
form that can be found under the 5.3. JadenForex, from time to time and as
JadenForex Trading Account often as it deems appropriate, may
Registratio section, available online at issue material, which contains
http://backend-
jaden.rhcloud.com/en/register.
Trading Account
information including but not limited
to the conditions of the financial
market, posted through its website and
Shall mean the account, which has a other media. It should be noted the
unique number, maintained by a client for
the purposes of trading financial
instruments through the JadenForex
trading platform(s).
Terms and Conditions
Shall mean the JadenForex
Terms and
Conditions of Business
govern
the actions that
relate to the execution of the Material is considered to be marketing
communication only and does not
contain, and should not be construed as
containing, investment advice or an
investment recommendation or, an
offer of or solicitation for any
transactions in financial instruments.
JadenForex makes no representation
client’s orders; available online at and assumes no liability as to the
http://jadenforex.com/jaden-
frontend/about/terms-condition
Value Date
accuracy or completeness of the
information provided, nor any loss
arising from any investment based on a
Shall mean the delivery date of funds. recommendation, forecast or other
5. GENERAL SCOPE OF COMPANY information supplied by any employee
SERVICES of JadenForex, a third party or
otherwise. The Material is not prepared
in accordance with legal requirements informed regarding the progress of any
promoting the independence of requests referred to in the Client
investment research and it is not subject
to any prohibition on dealing ahead of
Money section, specifically in relation
to the expected processing time and the
the dissemination of investment need for any, or any further,
research. All expressions of opinion
included in the Material are subject to
documentation that if not in place may
delay the processing.
change without notice.
made may be personal
Any opinions
to the author
7.4. If the client’s trading account is inactive
for a calendar year, JadenForex reserves
and may not reflect the opinions of the right to charge an account
JadenForex.
6. ASSURANCES AND GUARANTEES
6.1. The client assures and guarantees
that:
a. The Funds, belong to the client
and are free of any lien, charge,
maintenance fee of USD15 (or currency
equivalent) in order to maintain the
trading account open.
7.5. If the client’s trading account has Funds
of less than USD15 (or currency
equivalent), JadenForex reserves the
pledge or other encumbrance; right to close the account, after
b. The Funds, are not the no direct
or indirect proceeds of any illegal
act or omission or product of any
notifying the client accordingly, and
charge a relevant fee.
8. LIABILITY
criminal activity; and 8.1. JadenForex bears no responsibility for
c. He/ she acts for his/herself and is any loss of opportunity that results in
not a representative or trustee of reduction in the value of the client’s
a third person, unless he/she transactions in financial instruments,
produces to the satisfaction of the regardless of the cause of such
Company document(s) to the reduction, except to the extent that
contrary. reduction occurred as a direct
6.2. The client guarantees the authenticity consequence of the Compan s
and validity of any document sent to deliberate actions or omissions.
JadenForex during the account 9. PRIVACY POLICY
opening process and the life of the 9.1. The Company guarantees that all
trading account.
7. CLIENT MONEY
7.1. Once received, client funds shall be
information provided by the Client in
terms of registration is confidential and
secure. In the case of disclosure, all
deposited in an institution specified violation will be handled according to
by the Company on the client’s
behalf, segregated from any of the
Compan s funds.
the present Agreement.
9.2. The Client agrees that the Company or
any third-party involved in providing
7.2. JadenForex is not obliged to pay Services to the Client, have no
interest to the client
deposited.
for the Funds responsibility over any telephone net or
Internet error, work regulation, revising
7.3. JadenForex shall take all reasonable or any other occurrence and the
steps to ensure that the client is circumstances that do not depend on
the Company or the information
resource provider or any other third-
party involved in a providing a service
10.2. The client declares that he/ she is over
18 (eighteen) years of age (in case the
client is a natural person) or has full
to the Client. capacity (in case the Client is a legal
9.3. Client agrees that in case the person); therefore, the client may enter
Company has every reason to into the Service Agreement.
suppose that trading account of a 10.3. The client accepts that JadenForex
client is used for money laundering reserves the right to revoke at any time,
or client conceals or
registration data;
provides false
in case the
without prior written notice, any Power
of Attorney documents that govern the
Company has every reason to
suppose that all trading operations
relationship of the client with his/ her
authorised representative.
were executed with breach of the 10.4. The client declares that he/ she is fully
agreement, the Company reserves aware of any implications, including
the right to stop all the operations in but not limited to any restrictions, set
the trading account of the client for
inspection (registration data
verification, identification of the
client, history of deposited funds
by his/ her local jurisdiction in relation
to entering the Service Agreement.
10.5. The client declares that any trading in
financial instruments is proportional
check, etc.) until
clarification.
circumstances' and/ or reasonable to his/ her specific
financial situation and that
9.4. The Client acknowledges, that under independent financial advice has been
the framework of counteracting sought, or will be if necessary.
revenue laundering, the Company 10.6.The client accepts that the trading of
has a right to request the details of any transactions in financial
the bank account open in the name instruments shall occur only through
of the Client, imposing the the JadenForex trading platforms(s)
limitations on funds' withdrawal
from the account only by means of
the bank transfer using the specified
available at any given time to the client.
10.7. The client accepts the contract
specifications for each financial
requisites. In case of the Client's instrument as such specifications,
refusal to submit the requisites, the available online at
Company is entitled to put on hold https://www.JadenForex.com. In
all operations with the account until addition, the client accepts that the
being provided
information.
10. REPRESENTATIONS
the required
AND
Company reserves the right to change
the contract specifications without
giving him/ her prior written notice.
WARRANTIES 10.8. If client is more than one natural or
10.1. The client represents that he/ she has legal persons, the client’s obligations
not been coerced or otherwise and liability under the Service
persuaded to enter into the Service Agreement shall be joined and several;
Agreement. under the above mentioned
circumstances any communication,
including but not limited to a notice above, a force majeure event may
and order, shall be construed as include instances of illegitimate actions
delivered to all natural or legal persons
that together form the client.
10.9. The client accepts that the Company
shall take all reasonable steps to
against the JadenForex servers that may
be outside the control of with the client
or JadenForex.
11.3. If JadenForex determines that a force
ensure compliance with applicable majeure event occurred, without
rules and regulations; such prejudice to any other rights of the
reasonable steps shall be binding
upon the client.
10.10. The client represents that if an
amount is due for payment to
JadenForex, the later shall be entitled
client under the Service Agreement, the
Company may:
a. increase margin requirements; and/ or
b. increase spreads; and/ or
c. decrease leverage; and/ or
to debit the client’s
accordingly.
trading account, d. close-out, in good faith, any open
positions at a price that the Company
10.11. The client consents that if his/ her
trading account is inactive for three
months and its balance is less than
considers reasonable; and/ or
e. request amendments to any closed
positions; and/ or
USD15 (fifteen), or currency f. suspend the provision of investment
equivalent, then JadenForex may at and/ or ancillary services to the client;
its discretion disable the trading
account. The client may enable his/
her trading account, at any time; the
and/ or amend any of the content of the
Service Agreement on the basis that it is
impossible for JadenForex to comply
status of a trading account can be with it.
viewed through JadenForex Direct
(https://direct.JadenForex.com).
10.12. The maximum leverage is 1:1000,
in certain circumstances, balance
USD.1000 and above the maximum
leverage will automatically 1:500 and
balanceUSD.20,000and above
the leverage is 1:100
11. FORCE MAJEURE EVENT
11.1. JadenForex shall, in
opinion, determine
its reasonable
that a force
majeure event occurred; under such
circumstances the Company shall
take all reasonable steps in order to
inform the client.
11.2. A force majeure event is as an event or
circumstance, including but not limited
to any natural, technological, political,
governmental, social, economical or
similar event or circumstance that
occurred after a transaction in a
financial instrument occurred and such
event or circumstance has not been
anticipated at the date of entering into
the transaction. In addition to the