JADEN FOREX CLIENT AGRREMENT

11

Transcript of JADEN FOREX CLIENT AGRREMENT

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