- The Services We Provide
- Risk Disclosure
- Electronic Trading
- Non-deposited Funds
- Understanding Of Both Parties
- Authorization To Trade
- Governmental Counterparty Institution And Interbanking System Rules
- Margins And Deposit Requirements
- Rollovers And Delivery
- Collateral And Lending Agreement
- Liquidation Of Accounts
- Statement And Confirmation
- Our Responsibilities
- Currency Fluctuation Risk
- Risk Acknowledgment
- Trading Recommendations
- Trader Representations And Warranties
- Disclosing Of Financial Information To Uez Markets
- No Guarantees
- Joint Accounts
- No Waiver Or Amendment
- Governing Law And Jurisdiction
- Binding Effect
- Terms And Headings
- Off-Exchange Transaction Disclosure
1.1 This Client Agreement (“Agreement”) is entered by and between UEZ Markets Limited hereinafter called “the Company” or “UEZ Markets”) and the Client who has completed the online registration form with the title “Complete your Profile”.
1.2 UEZ Markets Ltd is a company registered in the Cayman Islands with Company Registration Number 336497.
1.4 The Operative Agreements shall govern all trading activity and non-trading operations of the Client with the Company and shall be read carefully by the Client. Amongst other things, they set out those matters which the Company is required to disclose to the Client under the applicable regulations.
1.5 The defined terms used in this Agreement are set out in Appendix A (“Interpretation of Terms”).
2.1 The Operative Agreements shall commence on the date on which the Client receives notice from the Company following Clause 3.1 and shall continue unless or until terminated by either party following clause 19.
2.2 This Agreement is an initial service agreement which relates to a series of successive or separate operations including, without limitation, Transactions in Instruments.
2.3 The Company is not to be required to (and may be unable to under Applicable Regulations) accept the Client as a Client until all documentation it requires has been received by the Company, properly and fully completed by the Client.
2.4 The Client may cancel/terminate the Agreement on a mutual basis. The Client and the Company may terminate their relationship by the means of both parties’ communication via email for any termination.
3. THE SERVICES WE PROVIDE
3.1 UEZ Markets employs its Account Executives and contracts with Authorized Service Providers (“ASPs”), Broker Representatives (“BRs”) and Account Executives to perform such services on a fee basis. These Broker Representatives and Account Executives are available to assist you in placing UEZ Markets Transactions orders in your account with UEZ Markets.
The market recommendations, if any, of any such entities are based solely on their judgment, and are not to be imputed to UEZ Markets. These market recommendations may or may not be consistent with the market analysis, positions, or intentions of UEZ Markets or its affiliates and employees. Any such market recommendations cannot constitute a guarantee of the accuracy or completeness thereof or eliminate the substantial and inevitable risks inherent in UEZ Markets Transactions. Any such market recommendations of, or information provided by, an ASP or BR does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Currency position. Since the ASP or BR is compensated on a commission basis, they may have the incentive to recommend to you a volume of UEZ Markets Transactions that may not be in your best interests.
3.2 UEZ Markets does not permit an ASP, BR or any other person, to either exercise discretion over or manage a UEZ Markets Transactions Account, or hold a power of attorney over a UEZ Markets Transactions Account, unless approved, in advance by UEZ Markets, and only after proper documentation, in the form of the Limited Power of Attorney, Trading Authorization and Risk Disclosure contained in this booklet (the “Trading Authorization”), has been submitted to and approved by UEZ Markets in its sole and absolute discretion. Any such approval of a Trading Authorization shall involve no attempt by UEZ Markets to evaluate the suitability of the holder of the Limited Power of Attorney thereby granted to act as trader’s attorney-in-fact concerning the Account, and UEZ Markets shall in no way be responsible for the actions or recommendations taken or made by any such attorney-in-fact. If the trader’s Account is not being traded with the trader’s authorization, the trader must notify UEZ Markets immediately.
3.3 Traders must carefully review the reports relating to trading in the trader’s Account prepared and sent to traders by UEZ Markets. According to the trader Agreement, all reports of confirmation of orders and all statements of Account will be deemed final on the fourth (4th) calendar day after their transmittal to the trader, unless the trader objects to the contents of such reports within such five (4) day period to UEZ Markets at its principal place of business.
3.4 Trader has considered thoroughly and understands fully the trader’s obligations and rights under the following trader Agreement. The trader Agreement, including for this purpose the collateral documents entered into by the parties in connection therewith, will exclusively govern the trader’s relationship with UEZ Markets, except to the extent that applicable laws, rules and regulations are inconsistent with the terms thereof. trader agrees and acknowledges that the trader alone is fully responsible for making all final decisions as to UEZ Markets Transactions executed for the trader’s Account. The trader has considered the foregoing factors and given the trader’s present and anticipated financial resources, the trader is willing and able to assume the substantial financial risks attendant on UEZ Markets Transactions.
4. RISK DISCLOSURE
4.1 Leverage risks/effect
When making transactions in terms of leveraged trading, a relatively minor deviation of the rate can bring either considerable profit or losses. When the market moves against the Client, they can lose all the deposited funds.
The Client shall be fully liable for the allocation of their financial resources, and the relevant trading strategy, and shall take into account all leverage-related risks.
4.2 Technical Risks
The Client accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems.
The Client accepts the risks of financial losses, which can happen because of the malfunction of hardware and software facilities and poor communication on the Client’s side.
The Client bears responsibility for the financial losses incurred because of ignorance of the instructions presented in the Client’s Terminal Instruction Manual.
4.3 Communication Risks
The Client accepts the risks associated with unauthorized access to the information they sent (by electronic mail or using instant message service) in case it was sent unencrypted.
The Client accepts the risks of financial losses incurred as the result of delay or non-receipt by the Client of a message from the Company.
Client bears sole responsibility for the safety of confidential information received from the Company and accepts the risks of financial losses incurred as the result of unauthorized access of the third parties to the trading account.
4.4 Force Majeure
The Company holds no responsibility for any activity of the third parties, which may influence the cooperation between the Company and the Client.
The Client accepts the risks of financial losses incurred as a result of force majeure circumstances: hostility, terrorist acts, acts of God, trading halts at financial markets, a sharp decrease of liquidity caused by financial market instability, currency interventions, legislation changes, changes of other parties’ conditions, etc.
The Company shall bear no responsibility before the Client for any actions, inactions or omissions of a third party and also for any losses incurred by the Client as a result of actions, inactions or omissions of a third party unless such losses directly arise from the Company’s willful default or fraud or gross negligence. The Company shall also bear no responsibility or liability for unfavourable consequences for the Client due to the insolvency/bankruptcy of a third party.
5. ELECTRONIC TRADING
The electronic trading system may differ not only from trading in the interbank market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.
Internet and System failures: Since uezmarkets.com does not control signal power, its reception or routing via the Internet, the configuration of your equipment or the reliability of its connection, we cannot be responsible for communication failures, distortions, or delays, when you trade on-line (via the Internet). Furthermore, any losses or foregone profits in the trader’s account are the responsibility of the trader but not uezmarkets.com, even if software, hardware, or other system failures or errors contributed to such losses or foregone profits
Market risks and on-line trading: Trading currencies involves substantial risk which may not be suitable for everyone. See the trader Agreement for a more detailed description of risks. No matter how convenient or efficient, trading online does not necessarily reduce the risks associated with currency trading.
Password protection: The trader is obligated to keep passwords secret and ensure that third parties do not obtain access to the trading facilities. The trader will be liable to uezmarkets.com for trades executed using the trader’s password even if such use may be wrongful.
Quoting errors: Should quoting errors occur due to a dealer’s mistype of a quote, errors in an automatic price feed, or an erroneous price quote from a dealer, uezmarkets.com will not be liable for the resulting errors in account balances. UEZ Markets reserves the right to make the necessary corrections or adjustments to the account involved. Any dispute arising from such quoting errors will be resolved on a basis of a fair market value of a currency or CFD at the time such an error occurred.
According to generally acceptable AML rules and regulations, clients should withdraw funds only through the same bank account or credit/debit card or payment system account that was used to deposit the funds and the same currency.
In addition, when you deposit or withdraw money for trading purposes using alternative payment methods, you should be aware that additional fees and restrictions may apply.
Without derogating from the foregoing, UEZ Markets may execute withdrawals to a different facility than the one used for the deposit, subject to Anti Money-Laundering regulations.
Additional information and documents may be required to present from the client during the withdrawal process.
8. NON-DEPOSITED FUNDS
Funds appearing on the Client’s account may include agreed or voluntary bonuses or any other sums not directly deposited by the Client or gained from trading on account of actually deposited funds (“Non-Deposited Funds”).
UEZ Markets may provide bonuses which can be used according to the trader Agreement. All bonus funds fully belong to UEZ Markets broker and are considered as Non-Deposited (credited) Funds and can be cancelled at any time.
9. UNDERSTANDING OF BOTH PARTIES
In consideration of UEZ Markets broker ( hereinafter “uezmarkets.com”) agreeing to carry one or more accounts of the undersigned (“trader”) and providing services to trader in connection with the purchase and sale of Contracts For Difference (hereinafter referred to as “CFDs”), futures, indices, foreign exchange, and/or shares through the OTC market (hereinafter referred to as “OTC”), which may be purchased or sold by or through uezmarkets.com for trader’s accounts(s), trader agrees as follows:
10. AUTHORIZATION TO TRADE
UEZ Markets is authorized to purchase and sell OTC for the trader’s account(s) following the trader’s oral or written or computer instructions.
11. GOVERNMENTAL, COUNTERPARTY INSTITUTION AND INTERBANKING SYSTEM RULES
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 interbank market (and its clearing organization, if any) where executed and to all applicable laws and regulations. If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted by any governmental authority, or a contract market or clearing organization which shall be binding upon UEZ Markets 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 in full force and effect. trader acknowledges that all transactions under this Agreement are subject to the aforementioned regulatory requirements and the trader shall not thereby be given any independent legal or contractual rights concerning such requirements.
12. MARGINS AND DEPOSIT REQUIREMENTS
trader shall provide to and maintain with uezmarkets.com margin in such amounts and such forms as UEZ Markets, in its sole discretion, may require. Such margin requirements may be greater or less than the margins required by a counterparty bank. UEZ Markets may change margin requirements at any time. trader agrees to deposit by immediate wire transfer such additional margin when and as required by UEZ Markets and will promptly meet all margin calls in such mode of transmission as UEZ Markets in its sole discretion designates. UEZ Markets may at any time proceed to liquidate the trader’s account and any failure by UEZ Markets to enforce its rights hereunder shall not be deemed a waiver by UEZ Markets to enforce its rights thereafter. UEZ Markets retains the right to limit the amount and/or the total number of open positions which the trader may acquire or maintain at UEZ Markets, and to increase margin requirements on individual share CFDs in advance of earnings or other news or events, with or without notice, either before such events or retroactively.
UEZ Markets will attempt to execute all orders that it may, in its sole discretion, choose to accept following the oral or written or computer instructions of the trader. uezmarkets.com reserves the right to refuse to accept any order. However, UEZ Markets shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of UEZ Markets including, without limitation, loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities.
13. ROLLOVERS AND DELIVERY
Concerning purchases or sales of Currencies through an OTC account, the trader agrees to instruct UEZ Markets as to the offset or rollover of a Currency position. Also, the trader’s account(s) shall be charged commissions (swap), at the broker’s rates (see Instrument Specification), upon the rollover of a Currency position. Unless an account is designated for physical delivery, currency transactions entered into with UEZ Markets will be cash settled only.
14. COLLATERAL AND LENDING AGREEMENT
All funds, securities, currencies, and other property of a trader which UEZ Markets or its affiliates may at any time be carrying for a trader (either individually, jointly with others, 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 UEZ Markets as security and subject to a general lien and right of set-off for liabilities of a trader to UEZ Markets whether or not UEZ Markets has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts a trader may have with UEZ Markets. The trader with this also grants UEZ Markets the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other traders, to itself as a broker or to others, any securities or other property of the trader held by UEZ Markets as margin or security. UEZ Markets shall at no time be required to deliver to the trader the identical property delivered to or purchased by UEZ Markets for any account of the trader. This authorisation shall apply to all accounts carried by UEZ Markets for the trader and shall remain in full force until all accounts are fully paid for by the trader or notice of revocation is sent by UEZ Markets’ head office.
15. LIQUIDATION OF ACCOUNTS
In the event of (a) the death or judicial declaration of incompetence of trader; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against trader; (c) the filing of an attachment against any of trader’s accounts carried by UEZ Markets , (d) insufficient margin, or uezmarkets.com’s determination that any collateral deposited to protect one or more accounts of trader is inadequate, regardless of current market quotations, to secure the account; (e) trader’s failure to provide UEZ Markets any information requested pursuant to this agreement; or (f) any other circumstances or developments that UEZ Markets deems appropriate for its protection, and in UEZ Markets’ sole discretion, it may take one or more, or any portion of, the following actions: (1) satisfy any obligation trader may have to uezmarkets.com, either directly or by way of guaranty of suretyship, out of any of trader’s funds or property in its custody or control; (2) sell any or purchase any or all Currency contracts, securities held or carried for trader; and (3) cancel any or all outstanding orders or contracts, or any other commitments made on behalf of trader. Any of the above actions may be taken without the demand for margin or additional margin, without prior notice of sale or purchase or other notice to the trader, trader’s representatives, heirs, executors, administrators, trustees, legatees or assigns and regardless of whether the ownership interest shall be solely trader’s or held jointly with others. In liquidation of the trader’s long or short positions, UEZ Markets may, in its sole discretion, offset in the same settlement or it may initiate new long or short positions to establish a spread or straddle which in UEZ Markets’ sole judgment may be advisable to protect or reduce existing positions in trader’s account. Any sales or purchases hereunder may be made according to uezmarkets.com’s judgment and at its discretion with any interbank or other exchange markets where such business is then usually transacted or at a public auction or private sale, and UEZ Markets may purchase the whole or any part thereof free from any right of redemption.
16. STATEMENT AND CONFIRMATION
Reports of the confirmation of orders and statements of accounts for the trader shall be deemed correct and shall be conclusive and binding upon the trader if not objected to immediately upon receipt and confirmed in writing within (2) working days after transmittal to the trader by mail or otherwise. Margin calls shall be conclusive and binding unless objected to immediately in writing. Written objections on the trader’s part shall be directed to UEZ Markets’ official email addresses posted on the site of UEZ Markets and shall be deemed received only if mailed by registered mail, with respective written confirmation from UEZ Markets. Failure to object shall be deemed ratification of all actions taken by UEZ Markets or UEZ Markets’ agents before the trader’s receipt of said reports. trader’s failure to receive a trade confirmation shall not relieve the traders of the obligation to object as set out herein.
Reports, statements, notices and any other communications may be transmitted to such address as the trader may from time to time designate in writing to UEZ Markets. All communications so sent, whether by mail, telegraph messenger or otherwise, shall be deemed transmitted by UEZ Markets when deposited in the mail, or when received by a transmitting agent, and deemed delivered to the trader personally, whether received by the trader or not.
18. OUR RESPONSIBILITIES
UEZ Markets 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 any other cause beyond UEZ Markets’ control or anticipation. UEZ Markets shall only be liable for its actions directly attributable to negligence, willful default or fraud on the part of UEZ Markets. UEZ Markets shall not be liable for losses arising from the default of any agent or any other party used by UEZ Markets under this agreement. As OTC is not an exchange-traded market, prices at which UEZ Markets deals or quotes may or may not be similar to prices at which other OTC market makers deal or quote.
19. CURRENCY FLUCTUATION RISK
If the trader directs UEZ Markets to enter into any currency forex transaction: (a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the trader’s account and risk; (b) all initial and subsequent deposits for margin purposes shall be made in U.S. dollars, in such amounts as UEZ Markets may in its sole discretion require; and (c) UEZ Markets is authorised to convert funds in trader’s account for margin into and from such foreign currency at a rate of exchange determined by uezmarkets.com in its sole discretion based on the then prevailing money market rates.
20. RISK ACKNOWLEDGMENT
The trader acknowledges that investment in leveraged and non-leveraged transactions is speculative, involves a high degree of risk, and is appropriate only for persons who can assume the risk of loss of their entire margin deposit. trader understands that because of the low margin normally required in OTC trading, price changes in OTC may result in significant losses. trader warrants that the trader is willing and able, financially and otherwise, to assume the risk of OTC trading, and in consideration of UEZ Markets’ carrying his/her account(s), the trader agrees not to hold UEZ Markets responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives. trader acknowledges that trader has received no such guarantees from UEZ Markets or from any of its representatives or any introducing agent or other entity with whom trader is conducting his/her UEZ Markets account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.
21. TRADING RECOMMENDATIONS
(a) trader acknowledges that
(i) any market recommendations and information communicated to the trader by UEZ Markets or by any person within the company, does not constitute an offer to sell or the solicitation of an offer to buy any OTC contract,
(ii) such recommendation and information, although based upon information obtained from sources believed by UEZ Markets to be reliable, may be based solely on a broker’s opinion and that such information may be incomplete and may be unverified,
(iii) UEZ Markets 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 trader. trader acknowledges that UEZ Markets and/or its personnel, directors, affiliates, stockholders or representatives may not be consistent with recommendations furnished to the trader on behalf of UEZ Markets. trader acknowledges that UEZ Markets makes no representations concerning the tax implications or treatment of contracts;
(b) trader further acknowledges that should the trader grant trading authority or control over the trader’s account to a third party (“Trading Agent”), whether on a discretionary or non-discretionary basis, UEZ Markets shall in no way be responsible for reviewing the trader’s choice of such Trading Agent nor making any recommendations with respect thereto. trader understands that UEZ Markets makes no warranties nor representations concerning the Trading Agent, that UEZ Markets shall not be responsible for any loss to the trader occasioned by the actions of the Trading Agent and that uezmarkets.com does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. If the trader gives the Trading Agent authority to exercise any of its rights over the trader’s account(s), the trader understands that trader does so at the trader’s own risk.
(c) The trader confirms that all trading and financial transactions are carried out under the jurisdiction of UEZ Markets (Cayman Islands).
22. Trader REPRESENTATIONS AND WARRANTIES
Trader represents and warrants that:
(a) The trader is of sound mind, legal age and legal competence;
(b) No person other than the trader has or will have an interest in the trader’s account(s); and,
(c) The trader hereby warrants that regardless of any subsequent determination to the contrary, the trader is suitable to trade OTC and is a sophisticated institution and/or institutional participant; and,
(d) The trader 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 if trader becomes so employed, the trader will promptly notify UEZ Markets in writing of such employment; and,
(e) All the information provided in the information portion of this booklet is true, correct and complete as of the date hereof and the trader will notify UEZ Markets promptly of any changes in such information.
23. DISCLOSING OF FINANCIAL INFORMATION TO UEZ MARKETS
The trader represents and warrants that the financial information disclosed to UEZ Markets in this document is an accurate representation of the trader’s current financial condition. The trader represents and warrants that the trader has very carefully considered the portion of the trader’s assets that the trader considers to be Risk Capital. The trader recognizes that Risk Capital is the amount of money the trader is willing to put at risk and if lost would not, in any way, change the trader’s lifestyle. The trader agrees to immediately inform UEZ Markets if the trader’s financial condition changes in such a way as to reduce the trader’s Net Worth, Liquid Assets or Risk Capital.
24. NO GUARANTEES
trader acknowledges that the trader has no separate agreement with the trader’s broker or any uezmarkets.com employee regarding the trading in the trader’s UEZ Markets account, including any agreement to guarantee profits or limit losses in the trader’s account. trader understands that trader must authorize every transaction before its execution unless the trader has delegated discretion to another party by signing UEZ Markets’ limited trading authorization, and any disputed transactions must be brought to the attention of UEZ Markets’ employees according to the notice requirements of this trader Agreement. The trader agrees to indemnify and hold UEZ Markets harmless from all damages or liability resulting from the trader’s failure to immediately notify UEZ Markets’ employees of any of the occurrences referred to herein. All notices required under this section shall be sent to UEZ Markets at its head office.
25. JOINT ACCOUNTS
All transactions correspond to the “trader Account Letter” and “trader Agreement”. Each tenant has the authority:
a) To trade for the account with restraint to the agreements of the account,
b) To receive all correspondence and documents concerning the account,
c) To receive or withdraw money from the account,
d) To execute agreements relating to the account, and
e) To deal with UEZ Markets fully.
UEZ Markets has the authority to require joint action by the parties of the account in matters of the account. uezmarkets.com has possession over the security of the account individually or jointly. If a death occurs to one or more of the tenants, uezmarkets.com shall be notified in writing and shown proof of a death certificate. All expenses due at the date of notification of uezmarkets.com shall be charged to the account. Unless Joint Account Allocation Addendum is completed, then each tenant is presumed to have an equal share.
26. NO WAIVER OR AMENDMENT
No provision of this Agreement may be waived or amended unless the waiver or amendment is in writing and signed by both the trader and an authorized officer of UEZ Markets. No oral agreements or instructions to the contrary shall be recognized or enforceable. This instrument and the attachments hereto embody the entire agreement of the parties, superseding any prior written and oral agreements and there are no other terms, conditions or obligations other than those contained herein.
27. GOVERNING LAW AND JURISDICTION
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 trader or UEZ Markets, shall be governed by, construed and enforced in all respects by the Cayman Island laws.
28. BINDING EFFECT
This Agreement shall be continuous and shall cover, individually and collectively, all accounts of the trader at any time opened or reopened with UEZ Markets irrespective of any change or changes at any time in the personnel of UEZ Markets or its successors, assigns, or affiliates. This Agreement including all authorizations, shall inure to the benefit of UEZ Markets and its successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon the trader and/or the estate, executor, trustees, administrators, legal representatives, successors and assigns of trader. trader hereby ratifies all transactions with uezmarkets.com effected before the date of this Agreement and agrees that the rights and obligations of the trader in respect thereto shall be governed by the terms of this Agreement.
This Agreement shall continue in effect until termination, and may be terminated by the trader at any time when the trader has no open Currency position(s) and no liabilities held by or owed to UEZ Markets upon the actual receipt by UEZ Markets at official email addresses posted on the site of UEZ Markets of written notice of termination and deemed received only if mailed by registered mail, with respective written confirmation from UEZ Markets, or at any time whatsoever by UEZ Markets upon the transmittal of written notice of termination to the trader at trader’s email address; 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 trader of any obligations arising out of any deficit balance.
The trader agrees to indemnify and hold UEZ Markets, its affiliates, employees, agents, successors and assigns harmless from and against any liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by UEZ Markets arising out of the trader’s failure to fully and timely perform trader’s agreements herein or should any of the representations and warranties fail to be true and correct. trader also agrees to pay promptly to UEZ Markets all damages, costs and expenses, including attorney’s fees, incurred by UEZ Markets in the enforcement of any of the provisions of this Agreement and any other agreements between UEZ Markets and trader.
31. TERMS AND HEADINGS
The term “UEZ Markets», its successors and assigns; the term “trader” shall mean the party (or parties) executing the Agreement; and the term “Agreement” shall include all other agreements and authorizations executed by the trader in connection with the maintenance of the trader’s account with uezmarkets.com regardless of when executed. The paragraph headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or affect the meaning of any of its provisions.
The trader agrees and acknowledges that all conversations regarding the trader’s account(s) between the trader and UEZ Markets personnel may be electronically recorded with or without the use of an automatic tone warning device. the trader further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or proceeding that may arise involving the trader or UEZ Markets. The trader understands that UEZ Markets destroys such recordings at regular intervals following UEZ Markets’ established business procedures and the trader hereby consents to such destruction.
Interest on open positions held past 23:59 terminal time is paid daily, regardless of position direction.
34. OFF-EXCHANGE TRANSACTION DISCLOSURE
The acceptance of this Agreement gives acknowledgement that the trader has read understands, and gives authorisation to the following disclosure to trade currencies through the OTC foreign exchange market (“OTC”):
UEZ Markets may from time to time execute transactions as a trader’s agent on OTC foreign exchange market to trade currencies, according to an agreement between the interbank agent and UEZ Markets, and that a trade executed between one bank executes a trade onset by another banking agent. The trader understands that the trader may be giving up the right to have arbitration through the above paragraph on foreign exchanges.
All customer accounts will have their margin requirements established by the dealing desk at UEZ Markets.
UEZ Markets establishes all rules and provisions for customer accounts, including but not limited to minimum account size, investment period, commissions and incentive fees, or any other financial arrangements.
It is the customer’s responsibility to find out all necessary information about UEZ Markets and make sure that all arrangements are discussed and clearly understood before any trading activity.
All customers should be aware that guaranteeing any return is illegal. In addition, UEZ Markets is not responsible for any claims or assurances made by UEZ Markets, its employees and/or associates.
The trader acknowledges having received, read and understood the foregoing Trader Account Letter and Trader Agreement. The undersigned agrees to be bound by all of the terms and conditions hereof.