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A G I L E G L O B A L L I M I T E D
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Notice to Traders

For these Terms and Conditions Agile Global Limited shall be referred to as the “the Company”.

Risk Disclosure Statement This brief statement does not disclose all of the risks and other significant aspects of spot foreign currency trading (collectively “Forex”). In light of the risks, you should undertake such transactions only if you (“Trader” or “Client”) understand the nature of the trading into which you are about to engage and the extent of your exposure to risk. Trading Forex is not suitable for many members of the public.

Spot Forex Trading

1. Effect of “Leverage” Forex Transactions carry a high degree of risk. The amount of initial margin may be small relative to the value of the foreign currency so that transactions are ‘leveraged’ or ‘geared’. A relatively small market movement may have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.
2. Risk-reducing orders or strategies The placing of certain orders (e.g., “stop-loss” orders, where permitted under local law, or “stop-limit” orders), which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions, may be as risky as taking simple “long” or “short” positions. .

Additional Risks Common to Spot Forex Trading

1. Terms and conditions of Spot Forex Trading You should ask the firm with which you deal about the terms and conditions of the specific foreign currency that you are trading and associated obligations.
2. Suspension or restriction of trading and pricing relationships Market conditions (e.g., liquidity) and/or the operation of the rules of certain markets (e.g., the suspension of trading in any foreign currency because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions.
3. Deposited cash and property You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be prorated in the same manner as cash for purposes of distribution in the event of a shortfall. The transactions you are entering into with the Company are not traded on the exchange. Therefore, your funds may not receive the same protections as funds used for margin or guarantee exchange-traded futures and options contracts, which receive a priority in bankruptcy. Since that same priority has not been given to funds used for off-exchange Forex trading, if the Company becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with the Company, your claim may not receive a priority. Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that the Company keeps separate from its own operation funds may not be safe from the claims of other general and priority creditors.
4. Commission and other charges Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.
5. Transactions in other jurisdictions Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation, which may offer different or diminished investor protection. Before you trade you should inquire about any rules relevant to your particular transactions. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been affected. You should ask a reliable 3rd party firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade.
6. Currency risks The profit or loss in transactions in foreign currency (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the foreign currency position to another currency.
7. Trading Facilities Most open-outcry and electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearinghouse and/or member firms. Such limits may vary. Therefore, you should ask the firm with which you deal for details in this respect.
8. Electronic trading Trading on an electronic trading system may differ 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.
9. Off-exchange transactions In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. The firm with which you deal may be acting as your counterparty to the transaction. The Company may function as a direct counterparty to Traders in some currency transactions. The Company neither offers the right to offset, nor guarantees a market in which to offset, transactions it effects as counterparty. Therefore, it may be difficult or impossible to liquidate an existing position, to assess its value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules and attendant risks. Even though quotations or prices are afforded by many computer-based component systems, the quotations and prices may vary due to market liquidity. Many electronic trading facilities are supported by computer-based component systems for the order-routing, execution or matching of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the bank and/or financial institution. Such limits may vary; you should ask the firm with which you deal for details in this respect.

Disclaimers:

1. a) Internet failures: Since the Company does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading on-line (via internet).
1. b) Market risks and on-line trading: Trading currencies involves substantial risk that is not suitable for everyone. See Trader Agreement for more detailed information.
1. c) Password protection: The Trader is obligated to keep passwords secret and to ensure that third parties do not obtain access to the trading facilities. The Trader will be liable to the Company for trades executed by means of the Trader’s password even if such use may be wrongful.
1. d) Quoting and Execution Errors: the Company will take reasonable steps to prevent quoting errors from occurring. Should quoting and/or execution errors occur, which may include, but are not limited to, a dealer’s mistype of a quote, a quote or trade which is not representative of fair market prices, an erroneous price quote from a Trader, such as but not limited to a wrong big figure quote or an erroneous quote due to failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third-party vendors, the Company will not be liable for the resulting errors in account balances. In addition, orders must be placed allowing sufficient time to execute, as well as, sufficient time for the system to calculate necessary margin requirements. The execution of orders placed too close to prices, which would trigger other orders (regardless of order type) or a margin call, cannot be guaranteed. The Company will not be liable for the resulting margin call, resulting balance, and/or positions in the account due to the system not having been allowed sufficient time to execute and/or calculate accordingly. Also, please note that Demo accounts are for practice purposes only and may not accurately reflect live market conditions. The foregoing list is not meant to be exhaustive and in the event of a quoting or execution error, the Company reserves the right to make the necessary corrections or adjustments on the account involved. Any dispute arising from such quoting or execution errors will be resolved by the Company in its sole and absolute discretion. Trader agrees to indemnify and hold the Company harmless from all damages or liability as a result of the foregoing. In the event that Trader grants trading authority or control over Trader’s account to a third-party (Trading Agent), whether on a discretionary or non- discretionary basis, the Company shall in no way be responsible for reviewing Trader’s choice of such Trading Agent or for making any recommendations with respect thereto. The Company makes no representations or warranties concerning any Trade Agent; the Company shall not be responsible for any loss to Trader occasioned by the actions of the Trading Agent; and the Company does not, by implication or otherwise endorse or approve of the operating methods of the Trading Agent. If Trader gives the Trading Agent authority to exercise any of its rights over an account, Trader does so at their own risk. the Company does not control and cannot endorse or vouch for the accuracy or completeness of any information or advice Trader may have received or may receive in the future from Referring Agent (see section Referral Disclosure below) or from any other person not employed by the Company regarding Forex trading or the risks involved in such trading. If Referring Agent or any other third-party provides Trader with information or advice regarding Forex trading, the Company shall in no way be responsible for any loss to Trader resulting from Trader’s use of such information or advice. Trader understands that Referring Agent and many third-party vendors of trading systems, courses, programs, research or recommendations may or may not be regulated by a government agency. .

Referral Disclosure

the Company and Referring Agent are wholly separate and independent from one another. The agreement between the Company and referring agent does not establish a joint venture or partnership and referring agent is not an agent or employee of the Company.
1. The Company provides the risk disclosure information to all new Clients when they open accounts. Client should read that information carefully and should not rely on any information to the contrary from any other source.
2. Client acknowledges that no promises have been made by the Company or any individual associated with the Company regarding future profits or losses in Client’s account. Client understands that Forex trading is risky, and that many people lose money trading.
3. If Referring Agent or any other third-party provides Client with information or advice regarding Forex trading, the Company shall in no way be responsible for any loss to Client resulting from Client’s use of such information or advice.
4. To the extent Client has previously been led to believe or believes that utilizing any third-party trading system, course, program, research or recommendations provided by Referring Agent or any other third-party will result in trading profits, Client hereby acknowledges, agrees and understands that all Forex trading, including trading done pursuant to a system, course, program, research or recommendations of Referring Agent or another third-party involves a substantial risk of loss. In addition, Client hereby acknowledges, agrees and understands that the use of a trading system, course, program, research or recommendations or Referring Agent or another third-party will not necessarily result in profits, avoid losses or limit losses.
5. Client understands that Referring Agent and many third-party vendors of trading systems, courses, programs, research or recommendations are not regulated by a government agency.
6. Because the risk factor is high in foreign currency transactions trading, only genuine “risk” funds should be used in such trading. If Client does not have the extra capital the Client can afford to lose, Client should not trade in the foreign currency markets.
7. Client understands and acknowledges that the Company may compensate Referring Agent for introducing Clients to the Company and that such compensation may be on a per-trade basis or other basis. Such compensation to the Referring Agent may require the Customer to incur a mark-up, above and beyond the ordinary spread generally provided by the Company. Further, the Client has a right to be informed of the precise nature or such remuneration.
8. Client understands and agrees that if Client’s account with the Company is introduced by Referring Agent that Referring Agent shall have the right to access Client’s the Company account, but the Referring Agent shall not have the right to enter into any trades on behalf of the Client.
9. Since Referring Agent is not an employee or agent of the Company, the account holders should perform necessary due diligence on the Referring Agent prior to using any of their services. Should you have any questions regarding the risks of trading in foreign currency, please contact your account representative

Trader Agreement

(iii) Trader will bear the risk of all unauthorized instructions, by any of its representatives, employees, or agents, and where the Company has acted in good faith and without negligence, Trader will indemnify the Company against and save the Company harmless from all losses, costs, fees, damages, expenses, claims, suits, demands and liabilities whatsoever that the Company may suffer or incur or that may be brought against the Company, in any way relating to or arising out of the Company acting upon, delaying in acting upon or refusing to act upon any instruction or information provided to the Company by Trader, including improper, unauthorized or fraudulent instructions given by any of Trader’s employees, agents or representatives, even if such instructions were not in fact made with Trader’s authority.
1. 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 counterparty institution or other interbank market (and its clearing organization, if any) where executed. If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted which shall be binding upon the Company 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 provisions of such statute, rule or regulation, and all the 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 requirements and Trader shall not thereby be given any independent legal or contractual rights with respect to such requirements.
2. MARGINS AND DEPOSIT REQUIREMENTS Trader shall provide to and maintain with the Company margin in such amounts and in such forms as the Company, in its sole discretion may require. Trader is aware and acknowledges that the requirements for margin vary, and may be changed from time to time, at the Company’s sole discretion, based upon account size; volume traded, and market conditions. Such margin requirements may be greater or less than margins required by a counterparty’s bank. The Company may change margin requirements at any time. Trader agrees to deposit by immediate wire transfer such additional margin when and as required by the Company and will promptly meet all margin calls in such mode of transmission as the Company in its sole discretion designates. The Company may at any time proceed to liquidate in accordance with paragraph seven (7) below and any failure by the Company to enforce its rights hereunder shall not be deemed a waiver by the Company to enforce its rights thereafter. No previous margin requirement by the Company shall preclude the Company from increasing that requirement without prior notice. the Company retains the right to limit the amount and/or total number of open positions that Trader may acquire or maintain at the Company. The Company will attempt to execute all orders, which it may, in its sole discretion, choose to accept in accordance with the oral, written, or computer instructions of Traders’. The Company reserves the right to refuse to accept any order or guarantee a market in which to offset. In addition, the Company reserves the right to refuse execution requests submitted through an automated trading system. The Company shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of the Company 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.
3. MARGIN STATEMENT Forex is traded on margin. This means that you can leverage your investment by opening positions of larger size than the funds you have to place as margin collateral. Margin means the amount of funds (e.g. cash or collateral provided to the Company (if applicable)), reserved on your trading account to cover any potential losses from open FX positions, and any other margin positions. Margin requirements differ by currency pair and depend on the exposure in the currency pair. Margin requirements may be subject to regulatory mandated minimums and may be subject to change according to the underlying liquidity and volatility of the currency pair. For this reason, the most liquid currency pairs (the majors) in most cases require a lower margin requirement. To create a buffer between your trading capacity and the margin close-out level we apply two different margin requirements:
(a) Initial margin: a pre-trade margin check on order placement, i.e. on opening a new position there must be sufficient margin collateral available on account to meet the initial margin requirement. The Initial Margin for a trade is equal to the trade size multiplied by the Margin Requirement. This amount is then converted into the currency of the account. When opening a new trade, your Initial Margin must be less than or equal to your Margin Available (i.e. below 100%). If your Initial Margin is greater than your Margin Available (i.e. above 100%), you cannot open the trade.
(b) Maintenance margin: a continuous margin check, i.e. The minimum amount of margin collateral that must be held on account to maintain an open position(s). Maintenance margin is used to calculate the margin utilization (i.e. below 150%).
(c) Margin Closeout: If your Equity falls to less than 70% of your Margin Used (i.e. above 130% over maintenance margin), the position with the largest open loss will be automatically closed using the current rates at the time of closing and this will continue until the account is returned to a safe zone. If trading is unavailable for certain open positions at the time of the margin closeout, those positions will remain open and the Company will continue to monitor your margin requirements. When the markets reopen for the remaining open positions, another margin closeout may occur if your account remains under-margined. Account holders or managers are responsible for monitoring their own accounts. the Company will make a best effort to alert clients of an impending Margin Closeout situation but accepts no responsibility to provide such.
4. PRIVACY POLICY When you apply for or maintain a live or demo account with the Company, we collect personal information about you for business purposes, such as evaluating your financial needs, processing your requests and transactions, informing you about products and services that may be of interest to you, and providing customer service. The personal information we collect is only accessible to the Company and its affiliates and is not disclosed to any non-affiliated third parties. Such information includes:
(I) Information you provide to us on applications and other forms, such as your name, address, birth date, occupation, assets, and income;
(II) Information about your transactions with us and with our affiliates; and
(III) Information you provide to us to verify your identity, such as a passport, or information received from other entities not affiliated with the Company

Cookies

Cookies are small files containing information that the website uses to track its visitors. The Company uses cookies to personalise content, to provide social media features and analyse the Company’s traffic. We also share information about your use of the Company site with our social media, advertising and analytics partners who may combine it with other information that you have provided to them or that they have collected from your use of their services.

Security Technology

the Company uses Secure Socket Layer (SSL) encryption technology in order to protect certain information that you submit. This type of technology protects you from having your information intercepted by anyone other than the Company while it is being transmitted to us. We work hard to ensure that our websites are secure and that they meet industry standards. We also use other safeguards such as firewalls, authentication systems (e.g., passwords and personal identification numbers) and access control mechanisms to control unauthorized access to systems and data.

Sharing Information with Our Affiliates

We may share personal information described above with our affiliates for business purposes, such as servicing customer accounts and informing customers about new products and services, and as permitted by applicable law. Our affiliates are companies controlled or owned by us, as well as third-party companies that refer customers to the Company. The information we share with affiliates for marketing purposes may include information described above, such as name, address and account information.
5. SETTLEMENT DATE AND ROLLOVERS All Spot currency positions will be posted to Trader’s accounts in U.S. Dollars or other mutually agreed upon currency on the trade date and settled within 48 hours. The resulting positions will automatically rollover for an additional 48 hour period unless (i) Trader gives satisfactory instructions for further delivery of the foreign currency subject to the Company’s usual and customary changes and re-delivery fees; (ii) A customer enters an order which is accepted by the Company in its sole discretion to offset the Spot currency position. Trader, by noon of the business day before the settlement date of the Spot currency position, shall provide the Company with acceptable redelivery or offset instructions. In the absence of timely and adequate instructions from Trader, the Company is authorized, at the Company’s absolute discretion, to rollover the Currency positions in the OTCFX account(s) for Trader’s account(s) and at Trader’s risk. A position may be credited or debited interest charges until the position is closed.
6. COLLATERAL AND LENDING AGREEMENT All funds, currencies, and other property of Trader which the Company or its affiliates may at any time be carrying for Trader (either individually, jointly with another, 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 the Company’s as security and subject to a general lien and right of set-off for liabilities of Trader to the Company’s whether or not the Company’s has made advances in connection with such funds, currencies or other property, and irrespective of the number of accounts Trader may have with the Company. The Company may, in its discretion, at any time and from time to time, without notice to Trader, apply and/or transfer any or all funds, currency or other property of Trader between any of the Trader’s accounts. Trader hereby also grants the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of the other Traders, to itself as a broker or to others, any securities or other property of Trader held by the Company as margin or security. The Company shall at no time be required to deliver to Trader the identical property delivered to or purchased by the Company for any account of Trader. The purpose of the Lending Agreement is to allow the Company to use the currencies, property, and depository receipts as collateral.
7. LIQUIDATION OF ACCOUNTS AND PAYMENTS OF DEFICIT BALANCES In the event, of
(a) the death or judicial declaration of incompetence of Trader;
(b) the filing of an attachment against any of Trader’s accounts carried by the Company,
(c) insufficient margin, or the Company’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;
(d) Trader’s failure to provide the Company any information requested pursuant to this agreement; or
(e) any other circumstances or developments that the Company deems appropriate for its protection, and in the Company’s sole discretion. It may take one or more, or any portion of, the following actions:
(1) Satisfy any obligation Trader may have to the Company, 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 Spot currency positions held or carried for Trader; and
(3) Cancel any or all outstanding orders, or any other commitment made on behalf of Trader. Any of the above actions may be taken without demand for margin, or additional margin, without prior notice of sale or purchase or other notice to Trader. Trader’s personal representatives, heirs, executors, administrators, trustees or assigns and regardless of whether the ownership interest shall be solely Trader’s or held jointly with others. In liquidation of Trader’s long or short positions, the Company may, in its sole discretion, offset in the same settlement or it may initiate new long or short positions in order to establish a spread or straddle which in the Company’s sole judgment may be advisable to protect or reduce existing positions in Trader’s account. Any sale or purchase hereunder may be made according to the Company’s judgment and at its discretion with any interbank or other exchange market where such business is then usually transacted or at a public auction or private sale, and the Company may purchase the whole or any part thereof free from any right of redemption. Trader shall at all times be liable for the payment of any deficit balance of Trader upon demand by the Company and in all cases. Trader shall be liable for any deficiency remaining in Trader’s account(s) in the event of the liquidation thereof in whole or in part by the Company or by Trader. In the event the proceeds realized pursuant to this authorization are insufficient for the payment of all liabilities of Trader due to the Company, Trader shall promptly pay upon demand, the deficit and all unpaid liabilities, together with interest thereon equal to three (3%) percentage points above then prevailing prime rate at the Company’s principal bank or the maximum interest by law, whichever is lower, and all costs of collection, including attorney’s fees, witness travel expenses and the like. In the event the Company incurs expenses other than for the collection of deficits, with respect to any of the account(s) of Trader, Trader agrees to pay such expenses.
8. SETTLEMENT DATE OFFSET INSTRUCTIONS the Company in its sole and absolute discretion may accept or reject orders to offset current Spot currency positions of Trader. The Company reserves the right to refuse to accept any order or guarantee a market in which to offset. Offset arrangements on Spot currency positions arriving at settlement date must be negotiated and accepted by the Company at least one (1) Business day prior to the settlement date or rollover.
9. CHARGES Trader shall pay such brokerage, commission and special service and all other charges (including, without limitations, markups and markdowns, statement charges, idle account charges, order cancellation charges, account transfer charges or other charges), fees (including, without limitation, fees imposed by any interbank agency, bank, contract market or other regulatory or self-regulatory organizations) arising out of the Company providing services hereunder. The Company may change its commission, charges, and/or fees without notice. STATEMENT AND CONFIRMATION Reports of the confirmation of orders and statements of accounts for Trader shall be deemed correct and shall be conclusive and binding upon Trader if not objected to immediately upon receipt and confirmed in writing within one (1) Day after transmittal to Trader by position on the internet, or otherwise. Margin calls shall be conclusive and binding unless objected to immediately in writing. In lieu of sending trade confirmation via postal mail, the Company will provide Trader Internet access to view his account at any time with an online login. Written objections on Trader’s part shall be directed to the Company located at the most recent address as indicated on the Company website, and shall be deemed received only if actually delivered or mailed by registered mail, return receipt required. Failure to object shall be deemed ratification of all actions taken by the Company or the Company’s agents prior to Trader’s receipt of said reports. Trader’s failure to receive a trade confirmation shall not relieve Trader of the obligation to object as set out herein. Once an order or trade has been placed, and confirmation has been delivered, it is the sole responsibility of Trader to keep track of the account’s orders and positions.
10. COMMUNICATIONS Reports, the Company Privacy Notices, and any other communications may be transmitted to Trader via the email address on Trader’s application, the Company Trading Station Platform, or to such other email address as Trader may from time to time designate in writing to the Company. All communications so sent, whether by mail, email, telegraph messenger or otherwise, shall be deemed transmitted by the Company when electronically submitted, or when received by a transmitted agent, and deemed delivered to Trader personally, regardless of whether actually received by Trader or not.
11. COMPANY RESPONSIBILITIES the Company 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 for any other cause beyond the Company’s control or anticipation. The Company shall only be liable for its actions directly attributed to negligence, willful default or fraud on the part of the Company. The Company shall not be liable for losses arising from the default of any agent or any other party used by the Company under this agreement.
12. CURRENCY FLUCTUATION RISK If Trader directs the Company to enter into any currency transaction:
(a) Any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Trader’s account and risk;
(b) All initial and subsequent deposits for margin purpose shall be made in U.S. dollars, in such amounts as the Company may in its sole discretion require; and
(c) the Company is authorized to convert funds in Trader’s account for margin into and from such foreign currency at a rate of exchange determined by the Company in its sole discretion on the basis of the prevailing money market rates.
13. RISK ACKNOWLEDGMENT Trader acknowledges that investments in leveraged and non-leveraged transactions are speculative, involve a high degree of risk, and are appropriate only for persons who can assume risk of loss in excess of their margin deposit. Trader understands that because of the low margin normally required in OTCFX trading, price changes in OTCFX may result in significant losses that may substantially exceed Trader’s investment and margin deposit. Trader warrants that Trader is willing and able, financially and otherwise, to assume the risk of OTCFX trading and in consideration of the Company’s carrying his/her account(s). Trader agrees not to hold the Company responsible for losses incurred following its trading recommendations or suggestions or those of its employees, agents or representatives. Trader recognizes that guarantees of profit or freedom from loss are impossible of performance in OTCFX trading. Trader acknowledges that Trader has received no such guarantee from the Company or any of its representatives or any introducing agent or other entity with which Trader is conducting his/her the Company account and has not entered into this agreement in consideration of or in reliance upon any such guarantee or similar representations.
14. TRADING RECOMMENDATIONS
(a) Trader acknowledges that
(I) Any market recommendations and information communicated to Trader by the Company or by any person within the company, does not constitute an offer to sell or the solicitation of an offer to buy any OTCFX positions,
(II) Such recommendation and information, although based upon information obtained from sources believed by the Company to be reliable, may be based solely on an option and that such information may be incomplete and may be unverified, and
(III) the Company 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 Trader. Trader acknowledges that the Company and/or its officers, directors, affiliates, associates, stockholders or representatives may have a position in or may intend to buy or sell currencies, which are the subject of market recommendations furnished to Trader, and that the market position of the Company or any such officer, director, affiliates, associate, stockholder or representative may be consistent with the recommendations furnished to Trader by the Company. Trader acknowledges that the Company makes no representations concerning the tax implications or treatment of trading Forex; and,
(b) Trader further acknowledges that should Trader grant authority or control over Trader’s account to a third-party (“Trading Agent”), whether on a discretionary or nondiscretionary basis, the Company shall in no way be responsible for reviewing Trader’s choice of such Trading Agent nor making any recommendations with respect thereto. Trader understands that the Company makes no warranties or representations concerning the Trading Agent, that the Company shall not be responsible for any loss to Trader occasioned by the actions of the Trading Agent and that the Company does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. If Trader gives Trading Agent authority to exercise any of its rights over Trader’s account(s), Trader understands that Trader does so at Trader’s own risk.
15. TRADER REPRESENTATIONS AND WARRANTIES Trader represents and warrants that:
(a) Trader is of sound mind, legal age and legal competence; and,
(b) No person other than Trader has or will have an interest in Trader’s account(s);
(c) Trader hereby warrants that regardless of any subsequent determination to the contrary, Trader is suitable to trade OTCFX; and
(d) 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 that trades the same instruments as those offered by the Company, and in the event that the Trader becomes so employed, Trader will promptly notify the Company at its home office in writing of such employment; and,
(e) All the information provided in the information portion of this Agreement is true, correct and complete as of the date hereof and Trader will notify the Company promptly of any changes in such information; and,
(f) Trader will not enter into any Trade for the purpose of arbitrage, scalping or to exploit any temporal and/or minor inaccuracy in any exchange rate. Scalping is a form of trading which the Company considers to be an unacceptable trading practice. Scalping is defined as any order opened and closed within 120 seconds (2 minutes). the Company reserves the right, at its sole discretion, to cancel or reverse any profits gained through Scalping.
16. DISCLOSURE OF FINANCIAL INFORMATION Trader represents and warrants that the financial information disclosed to the Company in this document is an accurate representation of the Trader’s current financial condition. The Trader represents and warrants that in determining the Trader’s Net Worth, Assets and Liabilities were carefully calculated then Liabilities were subtracted from Assets to determine the value that the Trader has included in the financial information as Net Worth. The Trader represents and warrants that in determining the value of Assets, the Trader included cash and/or cash equivalents, and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable Assets. The Trader included notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts. The Trader represents and warrants that in determining the Trader’s Liquid Assets the Trader included only those Assets that can be quickly (within one day’s time) converted to Cash. 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 the Company if the Trader’s financial condition changes in such a way to reduce the Trader’s Net Worth, Liquid Assets and/or Risk Capital.
17. NO GUARANTEES Trader acknowledges that Trader has no separate agreement with Trader’s broker or any the Company staff member or agent regarding the trading in the Trader’s the Company account, including any agreement to guarantee profits or limit losses in Trader’s account. Trader understands that Trader is under an obligation to notify the Company’s Compliance Department immediately in writing as to any agreement of this type. Further, Trader understands that any representations made by anyone concerning Trader’s account that differs from any statements Trader receives from the Company must be brought to the attention of the Company’s Compliance Department immediately in writing. Trader understands that Trader must authorize every transaction prior to its execution unless Trader has delegated discretion to another party by signing the Company’s limited power of attorney (LPOA), and any disputed transaction must be brought to the attention of the Company’s Compliance Department pursuant to the notice requirement of this Trader Agreement. Trader agrees to indemnify and hold the Company harmless from all damages or liabilities resulting from Trader’s failure to immediately notify the Company’s Compliance Department of any of the occurrences referred to herein. All notices required under this section shall be sent to the Company.
18. CREDIT Trader authorizes the Company or agent acting on behalf of the Company to investigate Trader’s credit standing and in connection therewith to contact such banks, financial institutions and credit agencies as the Company shall deem appropriate to verify information regarding Trader. Trader further authorizes the Company to investigate Trader’s current and past investment activity, and in connection therewith, to contact such futures commission merchants, exchanges, broker/dealers, banks, and compliance data centers as the Company shall deem appropriate. Upon reasonable request made in writing by Trader to the Company, Trader shall be allowed to review any records maintained by the Company relating to Trader’s credit standing. Trader shall also be allowed, at Trader’s sole cost and expense, to copy such records.
19. JOINT ACCOUNTS
(a) If this account is held by more than (1) one person, all of the joint account owners are jointly and severally liable to the Company for any and all obligations arising out of transactions in the account and agree to be bound by all terms and conditions of this Agreement signed by each party. The Company is authorized to accept instructions and to send confirmations to any one of the joint owners, and the Client hereby further appoints any and all of said owners as Client’s agent for receipt of confirmation and hereby waives any right to receive confirmation otherwise. Any joint owner shall have full authority for the account and risk in the name of the joint account.
(b) If this account is a joint account, in the event of death of any of the Client’s, the supervisor(s) shall immediately give the Company written notice thereof, and the Company, before or after receiving such notice, may take such action, institute such proceeding, require papers, retain such portion of the account, and restrict transactions in the account as the Company may deem advisable to protect the Company against any taxes, penalty, or loss under any present or future laws or otherwise. The estate(s) of any of the Clients who shall have died shall be liable, and the survivor(s) shall continue to be liable, to the Company for any debit balance or loss in the account in any way resulting from the completion of transactions initiated prior to the receipt by the Company of the written notice of the death of the decedent, or incurred in the liquidation of the account, or the adjustment of the interests of the respective parties.
(c) If this account is held by tenants in common, then, in the event that the account is closed or upon receipt of a certified document evidencing death or legal incapacity of any tenant, the account shall be divided in equal shares unless the Company is otherwise notified, in writing, signed by all joint owners of the amounts to be distributed to the individual joint owners.
(d) If this account is held by the parties as joint tenants with right of survivorship, then, upon receipt of a certified document evidencing death or legal incapacity of one of the parties, the remaining party or parties shall continue this account in their name as sole or joint owners with all the terms and conditions of said account continuing in full force and effect.
20. 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 Trader and an authorized officer of the Company No waiver or amendment of this Agreement may be implied from any course of dealing between the parties or from any failure by the Company or its agents to assert its rights under this Agreement on any occasion or series of occasions. 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 and all prior written and oral agreements and there are no other terms, conditions or obligations other than those contained herein.
21. BINDING EFFECT This Agreement shall be continuous and shall cover, individually and collectively, all accounts of Trader at any time opened or reopened with the Company irrespective of any change or changes at any time in the personnel of the Company or its successors, assigns, or affiliates. This Agreement including all authorizations shall inure to the benefit of the Company and its successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon Trader and/or estate, executor, trustees, administrators, legal representatives, successors and assigns of Trader. Trader hereby ratifies all transactions with the Company affected prior to the date of this Agreement, and agrees that the rights and obligations of Trader in respect thereto shall be governed by the terms of this Agreement.
22. TERMINATION This Agreement shall continue in effect until termination, and may be terminated by Trader at any time when Trader has no open Spot currency position(s) and no liabilities held by or owed to the Company upon the actual receipt by the Company of written notice of termination or at any time whatsoever by the Company upon the transmittal of written notice of termination to Trader; 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.
23. ACCOUNT TRANSFER AND ASSIGNMENT Trader authorizes the Company to transfer and assign Trader’s account and this Agreement to a third-party or an affiliate thereof or any other legal entity. Trader may not transfer or assign this Agreement without the Company’s prior written consent.
24. INDEMNIFICATION Trader agrees to indemnify and hold the Company, its affiliates, staff members, agents, successors and assigns harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by the Company arising out of Trader’s failure to fully and timely perform Trader’s agreements herein or should any of the representatives and warranties fail to be true and correct. Trader also agrees to pay promptly to the Company all damages, costs and expenses, including attorney’s fees, incurred by the Company in the enforcement of any of the provisions of this Agreement and any other agreements between the Company and Trader. Furthermore, the Company shall NOT be held liable and is released from all claims and losses incurred in such regard if (and to the extent that) the claim or loss was caused or contributed to by
(a) Trader’s Conduct: The actions or omission to act on the part of Trader or Authorized Persons
(b) Forged Signature: Forged or unauthorized signatures on any document in connection with the Trader’s account or this Agreement;
(c) Malfunctions: System malfunction, equipment failure (whether Trader’s or the Company’s equipment), system interruption or system unavailability;
(d) Delay: Delays, failure or errors in implementing any instruction; and
(e) Information: Inaccurate or incomplete instructions received by the Company from Trader.
25. CROSS TRADE CONSENT The undersigned hereby acknowledges and agrees that a situation may arise whereby an officer, director, affiliate, associate, staff member, bank, bank employee or dealer associated with the Company, or the Company itself, may be the opposing principal or broker for a trade entered for the undersigned’s account. The undersigned hereby consents to any such transaction, subject to the limitations and conditions, if any, contained in the Rules or Regulations of any bank, institution, exchange or board of trade upon which such buy or sell orders are executed.
26. TERMS AND HEADINGS The term “the Company” shall be deemed to include the Company, its divisions, its successors, assigns and third-party administrators; 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 Trader in connection with the maintenance of Trader’s account with the Company 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.
27. ACCEPTANCE This Agreement shall not be deemed to be accepted by the Company nor become a binding contract between Trader and the Company until approved by the Company.
28. MODIFICATIONS TO THE AGREEMENT The Company reserves the right to change the terms and conditions of this Agreement from time to time, and at any time, with or without notice to Trader, by posting such changes on the Company website. Trader is responsible for regularly reviewing these terms and conditions for any modifications and agrees to be bound by the same.
29. DISPUTE RESOLUTION The Company has an internal dispute resolution process to resolve any complaints or concerns clients have while using our services. All complaints or concerns should be emailed directly to support@agilegloballimited.com. Once received the Company will acknowledge receipt of the written complaint and respond back no later than 10 business days and seek to resolve complaints within 45 business days of receipt. The Company seeks to resolve complaints quickly and fairly. We will investigate your complaint and provide you with a detailed reason for our decision in writing.

High Risk Investment

In addition to standard industry disclosures contained in this Agreement, you should be aware that margined currency trading is one of the riskiest forms of investment available in the financial markets and is only suitable for sophisticated individuals and institutions. An account with the Company permits you to trade foreign currencies on a highly leveraged basis (up to approximately 100 times your account equity or as otherwise permitted by applicable regulation). An initial deposit of $1,000 may enable the Trader to take a maximum position with $200,000 notional market value. The funds in an account trading at maximum leverage can be completely lost, if the position(s) held in the account has a half percent swing in value. Given the possibility of losing an entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well being If you have pursued only conservative forms of investment in the past, you may wish to study currency trading further before continuing an investment of this nature. You must realize that you could sustain a total loss of all funds you deposit with your broker as initial margin as well as substantial amounts of capital, when trading currencies, should the market go against your investment. If you wish to continue with your investment, you acknowledge that the funds you have committed are purely risk capital and loss of your investment will not jeopardize your style of living nor will it detract from your future retirement program. Additionally, you fully understand the nature and risks of currency investments, and your obligations to others will not be neglected should you suffer investment losses. E-mail Acknowledgment Client acknowledges that it is Client’s obligation to immediately notify the Company if there is a change in Client’s electronic mail address, or other location to which the electronic records may be provided. Address Acknowledgement Client acknowledges that it is Client’s obligation to notify the Company of the address or other location to which paper records may be provided, if necessary. Authorization to Transfer Funds Trader agrees hereby that the Company may at any time, in the judgment of the Company and its associates, apply and transfer from Trader’s account to any of Trader’s other accounts held with the Company or an affiliate of the Company or other approved financial institution or its associates any of the monies, currencies or other property of Trader held either individually or jointly with others to another regulated account of the same said Trader. Consent to Electronic Transmission of Confirmations & Account Statements Client hereby consents to have Client’s account information and trade confirmations available on the Internet in lieu of having such information delivered to Client via mail or email. Client will be able to access account information via the Company website using Client’s account login information to access the account. The Company will post all of Client’s account activity and Client will be able to generate daily, monthly, and yearly reports of account activity as well as a report of each executed trade. Updated account information will be available no more than twenty-four hours after any activity takes place on Client’s account. Posting of account information on Client’s online account will be deemed delivery of confirmation and account statements. At all times, account information will include trade confirmations with ticket numbers, purchase and sale rates, used margin, amount available for margin trading, statements of profit and losses, as well as current open or pending positions. Client may revoke this consent at any time upon written notice to the Company.