Acknowledgement
This is our standard Client Agreement which we intend to rely The client acknowledges that
he/she has read,
understood and accepted the Client Agreement including the Annex A (‘Risk Disclosure
Notice’).
Additionally, by entering into this Agreement, the client accepts Tradeca FX 's Terms and
Conditions, the Client
Categorisation Noticethe terms of the Order Execution Policy and Conflicts of Interest
Policy, as well as any
information (legal or otherwise) posted on the Firm's website, as may be amended by Tradeca FX from time to
time.
By accepting the Client Agreement the client enters into a binding legal agreement with.The
client acknowledges
that the Firm’ s official language is the English.
Scope of Client Agreement
TheClient Agreement forms the basis on which Tradeca FX provides investment and
ancillary services to the client.
The Client Agreement is non-negotiable and overrides any other agreements, arrangements,
express or implied
statements made by Tradeca FX unless the Firm, in its sole discretion, determines If the
Client Agreement were
to be materially amended, reasonable notice shall be given to the client.
Laws and regulations of The Bahamas does not require the Client Agreement to be signed by
either the client or
the Firm in order for both the client and the Firm to be legally bound by it.
Commencement of the Client Agreement
The Client Agreement shall commence once the prospective client receives an e-mail that
contains his/her personal
trading account number and certain documents including the Terms and Conditions, the Order
Execution Policy, the
Client Categorisation Notice and the Conflicts of Interest Policy.
Interpretation of Terms
Unless indicated to the contrary, the defined terms included in the Client Agreement shall
have a specific
meaning and may be used in the singular or plural as appropriate. Unless otherwise defined
the terms used in
this Client Agreement shall have the same meaning given under SCB Rules and Regulations.
Authorised Representative
Shall mean either the natural or legal person who is expressly authorised by the client to
act on his/ her
behalf. The above- mentioned relationship is documented through a Power of Attorney, a copy
of which is held by
the Firm.
Balance
Shall mean the funds available in a trading account that may be used for trading financial
instruments.
Balance Currency
Shall mean the currency that the trading account is denominated in. It should be noted that
all charges including
spreads, commissions and swaps, are calculated in that currency. Business Day - shall mean a
day on which the
Firm is open for business.
Client
shall mean either the natural or legal person who received the e-mail referred to in clause
4.1, above
Client Agreement
shall mean this agreement including the Terms and Conditions, Order Execution Policy, Client
Categorisation
Notice and Conflicts of Interest Policy, as well as any information (legal or otherwise)
published on the Firm's
website, as may be amended by Tradeca FX from time to time.
Client Money
Shall mean money that is paid into Tradeca FX pursuant to the SCB’s Regulations and
Rules and is held for
the Client. It is calculated as money deposited by the Client in his/her Trading Account,
plus/minus any
unrealised or realised profit/loss, plus/minus any amount that is due by the Client to the
Firm and vice versa.
Closed Position
shall mean the opposite of an open position.
Contract for Difference (CFD)
Shall mean a CFD on: spot foreign exchange (‘FX’), shares, indices, spot metals,
futures or any other
CFD related instrument that is available for trading through the Tradeca FX trading
platform(s). A full list of
the financial instruments is available online at www.tradecafx.com.
Equity
Shall mean the balance plus/minus any profit/loss that derives from any open positions.
Free Margin
Shall mean funds that are available for opening a position. It is calculated as: Free Margin
= Equity –
Margin.
SCB
Shall mean the Securities Commission of The Bahamas and the legislative framework from which
it operates, it
Rules and Regulations.
Law
Shall mean any applicable statutes, laws, regulations, rules and codes of practice, whether
in the Bahamas or
elsewhere.
Margin
Shall mean the required funds available in a trading account for the purposes of maintaining
an open position.
Margin Leve
Shall mean the Equity to Margin ratio calculated as: Margin Level = Equity / Margin Open
Position - shall mean
any position that has not been closed. For example, an open long position not covered by the
opposite short
position and vice versa.
Over-the-Counter (OTC)
shall mean the execution venue for any financial instruments whose trading is governed by the
relevant Terms and
Conditions of Business for the trading platforms. Prospective Client - shall mean either a
natural or legal
person who completed the application form that can be found under the ‘Tradeca FX
Trading Account
Opening’ section, available online at www.tradecafx.com.
Trading Account
Shall mean the account, which has a unique number, maintained by a client for the purposes of
trading financial
instruments through the Tradeca FX trading platform(s).
Terms and Conditions
Shall mean the ‘Tradeca FX Terms and Conditions of Business’ governing the
actions that relate to
the execution of the client’s orders; available online at www.tradecafx.com.
Value Date
Shall mean the delivery date of funds.
Vault
Shall mean the account, which has a unique number, maintained by the client for the purposes
of depositing and
withdrawing funds to and from the client’s Trading Account.
Provision of Services
- Tradeca FX is authorised by the SCB to act as Details of our authorised designated
investment business and
ancillary services can be found on the SCB register.
- Tradeca FX offers, on an execution-only basis, a number of financial instruments to the
client the contract
specifications of which are available online at www.tradecafx.com.
- The trading conditions and execution rules of the financial instruments on offer by the
Firm can be found
online at www.tradecafx.com at any given time. Tradeca FX operates on an
execution only mandate
and unless agreed otherwise is under no obligation to monitor or advise the client on
the suitability of
their trading decision, therefore, the Firm may execute an instruction received by the
client even if such
transaction is not suitable for the client.Upon notice to the client, Tradeca FX
reserves the right to
amend, from time to time, both the trading conditions and execution rules. Even if the
Firm amends any part
of the trading conditions and/or execution rules the client continues to be bound by the
Client Agreement,
including but not limited to any amendments that have been implemented.
- Under no circumstances, Tradeca FX shall provide investment advice or recommendation to
the client or state
an opinion in relation to a transaction. The client understands that if necessary,
independent advice should
be sought in relation to trading financial instruments, including but not limited to
trading specific
financial instruments, investment strategies pursued, charges and tax implications.
- Tradeca FX, from time to time and as often as it deems appropriate, may issue material
(‘the
Information Material’), which contains information including but not limited to
the conditions of the
financial market, published via its website and other media. It should be noted the
Information. 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. Tradeca FX makes no representation and assumes
no liability as to
the accuracy or completeness of the information provided, nor any loss arising from any
investment based on
a statement, forecast or other information supplied by any employee of Tradeca FX, a
third party or
otherwise. The Information Material is not prepared in accordance with legal
requirements promoting the
independence of investment research and it is not subject to any prohibition on dealing
ahead of the
dissemination of investment research. All expressions of opinion included in the
Information Material are
subject to change without notice. Any opinions made may be personal to the author and
may not reflect the
opinions of Tradeca FX.
- The client understands that no physical delivery of a CFD’s underlying instrument
(or reference
instrument) that he/she traded through his/her trading account shall occur.
- The client accepts that Tradeca FX is the only execution venue, which is a
Over-The-Counter.
- The client may trade through his/her trading account from 12:00:01 (GMT+0) on a Sunday
until 22:00:00
(GMT+0) on a Friday. It should be noted that trading of certain financial instruments
occurs during specific
timeframes; the client is responsible for looking at the contract specifications of such
instruments for
further details, prior to trading. The client shall be notified of any Firm holidays
through the internal
e-mailing system.
- Tradeca FX in entitled to refuse the provision of any investment or ancillary service
to the client, at any
time, without being obliged to inform the client of the reasons to do so in order to
protect the legitimate
interests of both the client and the Firm.
Client Classification
Unless the Firm agrees otherwise, the client shall be treated as a Retail Client.
If a client desires to be re-classified as either a Professional Client or an Eligible
Counter party then the
client needs to send the Firm a written request. The Firm shall consider such requests at
its discretion after
reviewing the client’s circumstances, including the quantitative and qualitative
assessments. The client
is responsible for notifying the Firm of his/her change of personal circumstances.
The type of client category will determine the level of protection afforded to the client
under SCB Rule and
Regulations. The Firm will notify the Client in writing to inform them of their loss of
certain regulatory
protections prior to agreeing a re- categorisation request
The client is bound by the Client Categorisation Further details are available online
at www.tradecafx.com.
Capacity
Tradeca FX shall act, at all times, as principal for all trades entered into by a client.
Any instruction received online through a client's personal trading account or by telephone
confirming a client's
personal trading account number, will be deemed to be communicated by the client. The Firm
is not required to
confirm the authenticity of the instruction or the identity of the person communicating the
instruction. The
Firm shall not be liable for any loss arising from an instruction sent by a third party
unauthorised to act on
the client's behalf.
The Firm does not accept an authorised representative as a client, unless specifically agreed
otherwise. However,
the authorised representative may give trading instructions to the Firm on the
client’s behalf. The client
authorises Tradeca FX to rely and/ or act on any instructions sent by the former, without
the need on the
Firm’s part for confirming the authenticity of the instruction or the identity of the
person communicating
the instruction.
Assurances and Guarantees
The client assures and guarantees that:
The Funds, according to clause 10.1 below, belong to the client and are free of any lien,
charge, pledge or other
encumbrance;
The Funds, according to clause 10.1 below, are not the direct or indirect proceeds of any
illegal act or omission
or product of any criminal activity; and he/she acts for his/herself and is not a
representative or trustee of a
third person, unless he/she produces to the satisfaction of the Firm documents to the
contrary.
The client guarantees the authenticity and validity of any document sent to Tradeca FX
during (i) the account
opening process and (ii) the life of the trading account.
Client Money
- Unless otherwise indicated, Tradeca FX will deposit any Client Money in one or more
segregated account(s)
held with an institution within or outside The Bahamas, separated from the Firm’s
money; this means
that Client Money is treated as belonging to the Client and under no circumstances the
Firm will use Client
Money, at any time, to meet any of its The Client Money will be pooled with money
belonging to other Clients
so an individual Client will not have a claim against a specific sum in a specific
account, in the event of
insolvency. A Client’s claim will be against the Client Money pool in general. It
should be noted,
that segregated account(s) will be established, maintained and operated according to the
applicable rules
and regulations. Tradeca FX will give instructions to the banking institution(s)
regarding the transfer and
movement(s) of the Client Money. If the Client has an Open Position the Firm reserves
the right, at any time
and at the Firm’s sole discretion, to set-off any unrealised losses incurred in
respect of an Open
Position against any of the Client Money that is held by the Firm to the Client’s
credit. In effect,
this means that the Firm based on the conditions referred to above may transfer any part
of any unrealised
losses from an investment-grade institution to an account of Tradeca FX. At the same
time, Tradeca FX may
transfer any unrealised profit incurred as a result of an Open Position from a Firm
account to a Client
Money account held in an investment- grade institution.
- Client Money held outside The Bahamas may be subject to the jurisdiction of that
territory and client rights
may differ Tradeca FX shall not be responsible for the solvency, act(s) or omission(s)
of any banking
institution with which Client Money is held. However, Tradeca FX will exercise all due
skill, care and
diligence in the selection, appointment and periodic review of the institution where the
Client Money is
deposited.
- Tradeca FX is not obliged to pay interest to the client for the Funds.
- Tradeca FX may, from time to time, without the client’s permission merge the
Funds held in different
trading accounts under the client’s Under no circumstances does this imply that
the client has the
right to a credit facility.
- The client has the right to withdraw to their vault, any part of the Funds equal to the
free margin that is
available in the relevant trading account, at any time, provided that there are Funds.
- The client accepts that the Funds shall be credited in his/her vault on value date on
which the Funds are
received by the Institution. The Funds deposited in a client's trading account shall be
net of any transfer
fees or other charges incurred by or charged to Tradeca FX that are imposed by the
Institution (or
intermediary involved in the process) that holds the Funds.
- The client accepts that the Funds shall be credited in his/her vault only if the Firm is
satisfied that the
Funds have been sent by the client or his/her authorised representative. Where the Firm
has reasonable
grounds to believe that the Funds have been sent by a third party other than an
authorised representative,
the Firm has the right to reject the Funds and return them to the remitter’s
source, net of any fees
or other charges incurred.
- The client accepts that withdrawal of any part of the Funds shall be concluded using the
same transfer
method and the same remitter as the one from which the Firm originally received the
Funds. Under such
circumstances, Tradeca FX shall return the Funds requested net of any transfer fees or
other charges
incurred.
- Tradeca FX reserves the right to decline a withdrawal that the client requested using a
specific transfer
method and has the right to suggest an alternative.
- If, at any time, Tradeca FX is not satisfied with the documentation provided by the
client in relation to a
withdrawal/deposit, the Firm reserves the right to reverse the Funds to the source from
where the funds
where sent, net of any fees or other charges incurred.
- The client accepts that the Institution may reverse the Funds for any reason. As a
result, the Firm shall
immediately reverse the respective amount from the trading account to the source from
where the Funds were
sent, net of any fees or other charges. The client accepts that this may result to a
negative balance in the
trading account. Under such circumstances, the Firm may merge the Funds held in
different trading accounts
as described in clause 10.4 above.
- The client accepts that any requests in relation to the administration of the trading
account shall be made
through Tradeca FX’s app or website www.tradecafx.com.
- Tradeca FX shall take all reasonable steps to ensure that the client is informed
regarding the progress of
any requests referred to in the ‘Client Money’ section, specifically in
relation to the expected
processing time and the need for any, or any further, documentation that if not in place
may delay the
processing.
- If at any time the client’s trading account has Funds of less than USD 15 (or
currency equivalent), Tradeca FX reserves the right to close the trading account, after notifying the client.
- The Firm reserves the right to close an account in connection with an unclaimed client
money balance and
releasing any client money balances from segregated client bank accounts if: there has
been no movement on
the client's balance for a period of six years; and the Firm has sent written notice to
the client at the
last known address informing the client of the Firm's intention of no longer treating
that balance as client
money, and giving the client 28 days to make a claim.
- The client can be informed about the processing times for deposit/withdrawals through
the Firm’s
official website.
- Tradeca FX reserves the right to request additional information and/or documentation to
satisfy itself that
the client’s requests concerning his/her deposits/withdrawals are legitimate, and
reserves the right
to reject such requests if it deems it Furthermore, the client accepts that under such
circumstances there
may be a delay in processing these requests.
Charges
- If the client’s trading account is inactive for a calendar year, Tradeca FX
reserves the right to
charge an annual account maintenance fee of USD 15 (or currency equivalent) in order to
maintain the trading
account open.
- Prior to trading CFDs the client needs to consider any applicable charges such as
spreads, commissions and
The client is solely responsible for requiring clarifications from the Firm in relation
to the above, if
necessary.
- The client should note that not all charges are represented in monetary terms (for
example, charges may
appear as a percentage of the value of a CFD); therefore, the client needs to ensure
that he/ she
understands the amount that the percentage amounts to.
- Tradeca FX reserves the right to change, from time to time, any of the charges
applicable to the client
without prior written notice. The latest information shall be found online
at www.tradecafx.com.
- The client should note that any applicable charges shall be instantly deducted from
his/her trading account.
- The applicable spreads, including Tradeca FX’s mark-up, if applicable, and
commissions charged when
placing a trade are available online at www.tradecafx.com.
- The swap is the interest added or deducted for holding an open position.
- Depending on the position held and the interest rates of the currency pair involved in a
transaction the
client may either be credited debited with financing; the operation is conducted at
23:59 server time and
the resulting amount is automatically converted into the client’s balance.
- From Friday to Monday swap is charged once and fromWednesday to Thursday swap is charged
in triple It should
be noted that Tradeca FX charges its own interest; the rollover interest rates of Tradeca FX are based on
the overnight rate provided by Bloomberg. The Firm updates such rate as often as it
deems necessary.
- Further information regarding swaps can be found on www.tradecafx.com, or by
contacting the
firm’s Customer Support Department.
Liability
- Tradeca FX shall, at all times, conclude client’s transactions in good.
- Tradeca FX bears no responsibility for any acts or omissions concluded by either a
natural or legal person
that provides the Firm with information in relation to the execution of the
client’s transactions in
financial instruments, unless such acts or omissions were the result of negligence or
fraud on behalf of Tradeca FX.
- Tradeca FX bears no responsibility for any loss of opportunity that results in
reduction in the value of
the client’s transactions in financial instruments, regardless of the cause of
such reduction, except
to the extent that reduction occurred as a direct consequence of the Firm’s
deliberate actions or
omissions.
- Tradeca FX bears no responsibility for any loss incurred as a result of the acts or
omissions of the
Institution or its employees, including but not limited to instances of false or
misleading information
provided by the client.
Compensation Scheme
A client may request the Firm to provide information about the conditions governing
compensation and the
formalities which to be satisfied to obtain compensation.
Indemnity
The client shall indemnify, or indemnify on demand, the Firm for any costs incurred under the
provision of
investment or ancillary services by the latter, including but not limited to (i) the
client’s breach of
the Client Agreement or (ii) false or misleading information provided by the client to Tradeca FX.
Duration of the Client Agreement:
TheClient Agreement shall be effective from the day described in the ‘Commencement of the
Client Agreement’ section, until its termination or default under clause (17.1)
below.
Notifications and Amendments to the Client Agreement:
- TheFirm will notify the client in good time about any material change to the information
provided under this
section which is relevant to a service that the Firm is providing to that client.
- Tradeca FX reserves the right to amend, from time to time, any part of the Client
Agreement, including
where the Firm deems that such amendments are necessary given an announcement by a
regulatory authority of a
competent jurisdiction. Under such circumstances, the client shall be notified either in
writing or through
the Firm’s site (www.tradecafx.com) accordingly and shall reserve the right to
accept or deny the
amendments; it should be noted that the client’s consent is not required for any
amendment to be
effective immediately.
Termination and Default
- The client may terminate the Client Agreement within 15 (fifteen) business days from the
announcement of an
amendment under the ‘Notification and Amendments to the ClientAgreement section
above, by sending a
notification through registered post to the Firm’s Head Office, provided only that
there are no open
positions traded through the relevant trading account and the client has no outstanding
obligations to Tradeca FX.
- The client may terminate the Client Agreement, for any reason, having provided a 7
(seven) business days
written notice by sending a notification specifying the termination date through
registered post to the
Firm’s Head Office, provided only that there are no open positions traded through
the relevant trading
account and the client has no amounts due for payment to Tradeca FX.
- Tradeca FX may terminate the Client Agreement by giving the client at least 7 (seven)
business days written
notice, specifying the termination date.
- The client accepts that Tradeca FX reserves the right to terminate the Client Agreement
immediately by
providing the former with a written notice, if clause 5, below, becomes effective.
- Tradeca FX may terminate the Client Agreement immediately, in the event of: a violation
of any part of the
Client Agreement on behalf of the client; an issuance of an application, order,
resolution or other
announcement in relation to bankruptcy or winding-up proceedings that involve the
client; a client’s
death; and a client involving the Firm in any type of fraud or other financial crime
based on the
Firm’s reasonable suspicion.
- Upon termination of the Client Agreement under clause 17.1, above, Tradeca FX shall
immediately transfer to
the client any amount available in the relevant trading account minus any outstanding
amount that is due to
the Firm by the client.
- If clause 5, above, becomes effective Tradeca FX reserves the right to reverse any
transactions that are
deemed to be contrary to the Firm’s or the client’s interests.
Risk Disclosure
Details relating to the risks involved in trading CFDs are contained in the Annex to this
Agreement.
Confidentiality and Personal Data Protection
Tradeca FX Limited is registered with the Registrar General's Department of The Bahamas;
therefore, any
clients’ personal data is kept by Tradeca FX according to the laws and regulations of
The Bahamas to
include the Data Protection (Privacy of Personal Information) Act, 2003.
Your personal information may be maintained on computer records and will not be disclosed to
other parties except
where we are expressly permitted to on a ‘need to know’ basis:
Disclose information to the institution holding client assets, their successors in business,
and other
institutions with which agreements are entered in order to provide you our services.
- Disclose information as required by law or instructed by the SCB or other regulatory.
- Disclose information to our compliance advisers, auditors and other such.
Under such circumstances the Firm shall expressly inform the third party regarding the
confidential nature of the
information.
We may also disclose your information to any other company within our Group. We use a card
processing company for
your deposits and withdrawals to and from your account. This company does not retain, share,
store or use
personally identifiable information for any other purposes.
We may from time to time in the interests of proper administration of your account and for
related purposes
communicate an unsolicited real time financial promotion, as defined by SCB rules. We may
from time to time
engage companies for statistical purposes in order to improve the Firm’s marketing; as
a result, some or
all of the clients’ data may be disclosed on an anonymous and aggregated basis only.
We cannot be held responsible for the information held on your file becoming inaccurate due
to your change of
circumstances if you fail to inform us of those changes.We want to make sure your personal
information is
accurate and up to date.
You may ask us to correct or remove information you think is inaccurate. We keep records of
our business
transactions, clients’ categorisation and financial promotions, for at least five
years
Tradeca FX shall not disclose to a third party, any of the client’s confidential
information unless
required to do so by a regulatory authority of a competent jurisdiction; such disclosure
shall occur on a
‘need-to-know’ basis, unless otherwise instructed by, inter alia, any
governmental body, subject to
the provisions of applicable legislation. Under such circumstances, the Firm shall expressly
inform the third
party regarding the confidential nature of the information.
Recordings of Telephone Calls
- The content of any telephone call (‘the Telephone Record’) between the
client and the Firm may
be recorded and saved as a magnetic or electronic record. The client agrees that the
Firm has the right to
use the Telephone Records as it deems necessary including but not limited to training or
regulatory purposes
or in connection with any dispute involving the Firm.
- All instructions received from the client, during a telephone call, in relation to
trading financial
instruments shall be conclusive and binding unless conditions described in clause 5.11
of the Terms and
Conditions are triggered.
- Tradeca FX may provide copies of such recordings of telephone calls as required by Law
or to a regulatory
authority of a competent authority, without informing the client.
Conflicts of Interest
- The client accepts that a conflict of interest may arise when the interest of Tradeca FX competes or
interferes, or appear to compete or interfere, with the client’s interests under
the Client.
- Specifically, the client accepts that: Tradeca FX may assign or transfer the execution
of the
client’s instruction to another member company of the Tradeca FX Group of
Companies; the Firm may
execute at the same time instructions by different clients that are opposite to one
another; the Firm may
establish business, including but not limited to trading relationships, with other
issuers of financial
instruments and the Firm may have a financial interest in such instruments; the Firm may
pay commission -or
any other related fee- to a third party as a result of introducing the client. Under
such circumstances the
client shall be notified accordingly.
- For further details, please read the Tradeca FX Conflicts of Interest Policy; available
online
at www.tradecafx.com. The client may at any time request further details of the
Conflicts of Interest
policy.
Direct Contact Consent
The client consents that any communication received by Tradeca FX, from time to time, in
relation to the Client
Agreement - or any other communication in relation to marketing (if applicable) - does not
breach any of the
client’s rights and obligations under the Client Agreement.
Representations and Warranties
- The client represents that he/ she has not been coerced or otherwise persuaded to enter
into theClient
Agreement.
- The client declares that he/ she is over 18 (eighteen) years of age (in case the client
is a natural
person)or has full capacity (in case the client is a legal person); therefore, the
client may enter into the
Client Agreement.
- The client accepts that Tradeca FX reserves the right to revoke at any time, without
prior written notice,
any power of attorney documents that govern the relationship of the client with his/ her
authorised
representative.
- Tradeca FX is not engaging in any action(s) which may be deemed to constitute a
solicitation of financial
services. The client declares that he/she is fully aware of any implications, including
but not limited to
any restrictions, reporting requirements, and any other requirement set by his/her local
jurisdiction in
relation to entering the Service Agreement and any trading activity he/she undertakes;
and further
undertakes to comply with all such applicable requirements.
- The client declares that any trading in financial instruments is proportional and/ or
reasonable to his/her
specific financial situation and that independent financial advice has been sought, or
will be if necessary.
- The client accepts that the trading of any transactions in financial instruments shall
occur only through
the Tradeca FX trading platforms(s) or other platform available to Tradeca FX at any
given time to the
client.
- The client accepts the contract specifications for each financial instrument as such
specifications,
available online at www.tradecafx.com . In addition, the client accepts that
the Firm reserves
the right to change the contract specifications without giving him/ her prior written
notice.
- If client is more than one natural or legal persons, the client’s obligations and
liability under the
Client Agreement shall be joint and several; under the above-mentioned circumstances any
communication,
including but not limited to a notice and order, shall be construed as delivered to all
natural or legal
persons that together form the client.
- The client accepts that the Firm shall take all reasonable steps to ensure compliance
with the Law ; such
reasonable steps shall be binding upon the client.
- The client accepts the fact that Tradeca FX shall have a lien on any amount that is
deposited in his/ her
trading account that is due for payment by the former to the latter. Although the Firm
does not need the
client’s consent in order to exercise the lien the former shall notify the latter
of its intention,
accordingly.
- The client represents that if an amount is due for payment to Tradeca FX, the later
shall be entitled to
debit the relevant amount from the client’s trading account immediately.
- The client consents that if his/ her trading account is inactive for six months and its
balance is less than
USD15 (fifteen), or currency equivalent, then Tradeca FX may at its discretion disable
the trading account.
The client may enable his/ her trading account, at any time; the status of a trading
account can be viewed
through Tradeca FX’s app or website www.tradecafx.com.
Force Majeure Event
- Tradeca FX shall, in its reasonable opinion, determine that a force majeure event
occurred; under such
circumstances the Firm shall take all reasonable steps in order to inform the client.
- A force majeure event is as an event or circumstance, including but not limited to any
natural,
technological, political, governmental, social, economic (including without limitation
to the suspension of
a currency) 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 above, a force majeure event may include instances of
illegitimate actions
against the Tradeca FX servers that may be outside the control of with the client or
Tradeca FX.
- If Tradeca FX determines that a force majeure event occurred, without prejudice to any
other rights of the
client under the Client Agreement, the Firm may:increase margin requirements; and/ or
increase spreads; and/
or decrease leverage; and/ or close out, in good faith, any open positions at a price
that the Firm
considers reasonable; and/ or request amendments to any closed positions; and/ or
suspend the provision of
investment and/ or ancillary services to the client; and/ or amend any of the content of
the Client
Agreement on the basis that it is impossible for Tradeca FX to comply with it .
- Unless required by Law, Tradeca FX in entitled to refuse the provision of any
investment or ancillary
service to the client, at any time, without being obliged to inform the client of the
reasons to do so in
order to protect the legitimate interests of the Firm.
Governing Law, Jurisdiction and Dispute Resolution
- The client may raise a complaint in writing in accordance with the Firm’s
Complaint Handling Procedure
detailed on this website. If following Tradeca FX's subsequent investigation and
response the client is
still not satisfied he/she may contact the Securities Commission of The Bahamas via the
contact details
provided in the Complaints Handling Procedure document. The client accepts that the
Client Agreement and any
investment and/ or ancillary services provided under it by the Firm shall be governed by
the Laws of The
Bahamas.
- Any proceedings and their settlement that may involve Tradeca FX and the client shall
take place in the
competent courts of The Bahamas.
