Terms and Condition

17.1. Termination of this Agreement will be approved only after receiving a written request from the Client, specifying the reason for termination. The request needs to be sent to email, and the Client must take action to close all existing obligations to the Company. The Company will review the request within 14 business days and will confirm the Client thereafter.
17.2. The actual termination of the Agreement will exclude any commitment that was contracted before the termination date by either party. This is to pave the way for the ongoing deals, trades, or any legal rights or obligations that were previously agreed upon, be it with Transactions or operations under the deposit and withdrawal.
17.3. In the event of termination of this Agreement, the Client must act to fulfill all existing obligations. After the termination of the Agreement, the Company may demand the Client to complete additional responsibilities regarding the agreement period. The Client must fulfill all his/her obligations in order to avoid the Company from taking disciplinary measures, e.g., Revoking his/her accumulated profits. The Company is free to make modifications and alter the Agreement before the termination without prior notice.
17.4. In the event of termination, the remaining amounts of payables left behind by the Client will promptly become due and payable, including (but not limited to):
A.) Every remaining and pending costs and amounts payable to the Company.
B.) The remaining reserves and funds that are compulsory to close the positions that the Client opened.
C.) Any remaining outlays and fees from the termination of the Agreement and charges that may add up when the Client decides to move his/her existing investment to another investment firm.
D.) Every remaining balance and costs the termination entails, including concluded transaction fees and other remaining responsibilities done by the Client with the aid of the Company.
E.) Every charge and fee imposed or planned to be imposed by the Company as results of the Agreement termination.
F.) Any potential damage compensation that transpired while the arrangement takes place or any other agreement of unsettled responsibility.
G.) Client’s fund transfer payment.
H.) Every commitment to finishing any existing trading volumes
17.5. The Company also reserves the right to do the following without prior notice in the event of an Agreement termination:
A.) Retain and hold the Client’s existing funds as the potential payment for the entire
persisting obligation the Client has with the Company.
B.) Amalgamate all of the Client’s existing accounts and integrate all the remaining balance of
the said accounts as an effort to indemnify the reported balances.
C.) Suspend the Client’s account or thoroughly close the Client’s account.
D.) Apprehend and hold the Client’s ability and power to access the Company’s online trading
platform.
E.) Convert existing currencies on the Client’s funds.
F.) Eliminate and adjourn every Open Position and decline orders from the Client.
17.6. The following events compose an “Event of Default”:
A.) The Client is proven to be engaged in any form or use of arbitrage, expert adviser, or other illegal activities as instituted in this Agreement.
B.) The Client’s failure to issue and comply with any initial margin and hedged Margin, or any
failure to comply with the obligations and commitments under this Agreement.
C.) Any delineation from the Client that is proven false.
D.) The Client’s inability to compensate for any possible dues and obligation to the Company.
E.) The event where the Client dies or is deemed lost or absent.
F.) The event where the Client tags the Company in any fraudulent or illegal activities.
G.) The circumstances where the Company considers the Client involved in any form or way of money laundering and other punishable criminal activities.
17.7. In case of a Client’s death or if incapacitated to perform or continue legal obligations, the first- degree relative of the Client shall be the successor of the Client’s trading account. The relevant first- degree relative must provide the required documents to inherit the account accordingly. Required documents may include, without limitation, a valid I.D., bank details, and proof of relationship with the Client (such as contracts and certificates).
17.8. The Client hereby confirms and agrees that immediate termination of his/her account, without prior notice, will be executed in the following cases:
A.) No transactions are being made on the account, or it is passive for 60 days or more.
B.) The latest withdrawal request is equal to the total balance of the account.
C.) The Client cannot be reached in all forms of communication known to the Company.
17.9. The Client can confirm the platform terms of use by email. The Company shall be entitled to take the following actions with the occurrence of such events:
A.) Offset bonuses or credit funds from the total balance in the trading account.
B.) Freeze the profits derived from the credit funds or bonuses despite the ongoing commitments of the Client.
C.) Charge daily fees for inactivity.
D.) Charge termination fees in case of unsettled obligations of the Client.
E.) Abolish this Agreement and execute any, if not all, of the actions stated in the Termination of Agreement.
F.) Amalgamate all the Client’s existing accounts and integrate all the remaining balance of
the said accounts in an effort to indemnify the reported balances.
G.) Suspend or thoroughly close the Client’s account.
H.) Apprehend and hold the Client’s ability and power to access the Company’s online trading
platform system.
I.) Eliminate and adjourn every Open Position.
J.) Decline the Client’s orders.
K.) Decline the Client’s request to create a new account.
17.10. The event of Force Majeure encompasses, with or without limitation, the following occurrences: A.) Government actions, which may include war, a threat of war, acts of terrorism, national emergency, riot, civil disturbance, sabotage, requisition, and economic and political crisis.
B.) Natural Calamities: earthquake, tsunami, hurricane, typhoon, accident, storm, flood, fire, epidemic, pandemic, or other persisting natural threats that were not mentioned.
C.) Labor debates and similar lockdowns.
D.) Delay and deferment on the market, e.g., A regulatory ban or any other legal decisions from the government and other governing bodies in the current market.
E.) The temporary banning of any financial services from the government and other governing bodies in the current market.
F.) Technological difficulties, including system failures and breakdowns, and a whole scale malfunction.
G.) The adjournment and suspension of any current market or the actual event where the Company is asked to relay its Quotes.
17.11. If any of the aforementioned events or situation happens, or a Force Majeure event happens, the Company reserves every right to do the following actions:
A.) The Company can and will increase the existing margin requirements without any prior notice.
B.) The Company can and will close every existing Open Position. C.) Apprehend and revamp the existing terms and this Agreement. D.) Increase or decrease the existing spreads.
E.) Increase or reduce the current leverage.
17.12. The Company will not be held liable for any type of losses or damages that may occur in any failure or negligence during the event of a Force Majeure.
17.13. A request for Agreement termination or cancellation of services will not relieve both parties from the agreed and existing legal obligations. Furthermore, invoking Force Majeure might only defer the legal obligations herein of the relevant party. The Company has the right to establish an extended period before the concerned party can entirely terminate this Agreement and other contracts, where obligations may continue after a certain period of recovery as applicable.