CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company. 8.2. The Client does not intend to use his Account for payment of transactions to third parties. 8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets. 8.4. In order to open an Account, a Client should undertake the following steps: • Complete the TIOmarkets online application form, which can be found on the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ . • After completing the form, the client should verify their email address by clicking on thelink sent to his email. • At this stage the client will be redirected to the secure portal in order to upload the following documents. a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and b. Proof of address (utility bill, current local authority tax bill, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified. 8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method. 8.6. In certain circumstances the Company can accept deposits up to a total amount of 2,000 USDor currency equivalent while the account is still pending approval. The Client has 14 calendar days to provide the required documents (as specified in clause 8.1). In the event that the required documentation is not provided and approved during the stipulated period, the following will occur: • Any and all account balances will be returned to the wallet, minus any profit or loss. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open any new positions on MT4 or MT5. • The Client’s account will be set to read-only until such time as they upload and verifytheir proof of address and ID documentation. 8.7. TIO Markets offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time. 8.8. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions. 8.9. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen a sub-Account in any other of the Base Currencies offered by the Company. 8.10. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies. 8.11. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 3 contracts
Sources: Client Agreement, Client Agreement, Client Agreement
CLIENT’S ACCOUNT. 8.1. 8.1 The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. 8.2 The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. 8.3 The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. 8.4 In order to open an Account, a Client should undertake needs to fill out the following steps: • Complete the TIOmarkets TIO Markets online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. • At this stage the client will following documents must be redirected to the secure portal in order to upload the following documents.uploaded:
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. Proof of address (utility bill, current local authority tax bill, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. 8.5 If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent while the account is still pending approval. The Client has 14 calendar days to provide the required documents (as specified in clause 8.1). In the event that the required documentation is not provided and approved during the stipulated period, the following will occur: • Any and all account balances will be returned to the wallet, minus any profit or loss. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open any new positions on MT4 or MT5. • The Client’s account will be set to read-only until such time as they upload and verifytheir proof of address and ID documentation.of
8.7. 8.6 TIO Markets offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.8. 8.7 If the Client has opened more than one Account, the Company shall be authorised authorized to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.of
8.9. 8.8 Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- back-office department of the Company. Upon request, the Client mayopen may open a sub-Account in any other of the Base Currencies offered by the Company.
8.10. 8.9 The Company permits each Client to open up 1 VIP Black account per user or a maximum of to five (5) Accounts for the VIP, Standard or Signature accountAccounts, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.:
8.11. 8.10 Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake the following steps: • Complete the TIOmarkets Prime Index online application form, which can be found on the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇. • After completing the form, the client should verify their email address by clicking on thelink sent to his email. • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. Proof of address (utility bill, current local authority tax bill, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a total amount of 2,000 USDor currency equivalent while the account is still pending approval. The Client has 14 calendar days to provide the required documents (as specified in clause 8.1). In the event that the required documentation is not provided and approved during the stipulated period, the following will occur: • Any and all account balances will be returned to the wallet, minus any profit or loss. • Any and all open positions on MT4 or MT5 cTrader will be closed. • The Client will not be able to open any new positions on MT4 or MT5cTrader. • The Client’s account will be set to read-only until such time as they upload and verifytheir verify their proof of address and ID documentation.
8.7. TIO Markets Prime Index offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets Prime Index will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.8. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.9. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen a sub-Account in any other of the Base Currencies offered by the Company.
8.10. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.11. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake the following steps: • Complete needs to fill out the TIOmarkets online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. following documents must be uploaded: • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. and • Proof of address (utility bill, current local authority tax bill, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent 10.000 USD/EUR/GBP/ SGD or 30.000 PLN while the account Account is still pending approvalpending. The Client has 14 21 calendar days to provide the required documents (as specified referred in clause 8.1paragraph 8.4). In the event that the required above documentation is not provided and approved during in the stipulated period, said period the following will occur: • Any and all account balances funds will be returned send back to the wallet, minus any profit or losssource of funding. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open enter into any new positions on transaction of trading nature and his MT4 or MT5. • The Client’s account will be set to placed in a read-only mode until such time as they upload his KYC documentation is provided to the Company and verifytheir proof of address and ID documentationhis trading account is approved.
8.78.6. TIO Markets TIOmarkets offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets TIOmarkets will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.88.7. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.98.8. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- back-office department of the Company. Upon request, the Client mayopen may open a sub-Account in any other of the Base Currencies offered by the Company.
8.108.9. The Company permits each Client to open up 1 VIP Black account per user or a maximum of to five (5) Accounts for the VIP, Standard or Signature accountAccounts, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.118.10. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake needs to fill out the following steps: • Complete the TIOmarkets Stock Trades Fx online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. following documents must be uploaded: • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. and • Proof of address (utility bill, current local authority tax bill, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent 10.000 USD/EUR/GBP/ SGD or 30.000 PLN while the account Account is still pending approvalpending. The Client has 14 21 calendar days to provide the required documents (as specified referred in clause 8.1paragraph 8.4). In the event that the required above documentation is not provided and approved during in the stipulated period, said period the following will occur: • Any and all account balances funds will be returned send back to the wallet, minus any profit or losssource of funding. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open enter into any new positions on transaction of trading nature and his MT4 or MT5. • The Client’s account will be set to placed in a read-only mode until such time as they upload and verifytheir proof of address and ID documentation.
8.7. TIO Markets offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets will bear the costs associated with settling the negative Account balances his KYC documentation is provided to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk his trading strategies i.e. overleveraging, with a result their account to close negative in more than one timeis approved.
8.8. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.9. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen a sub-Account in any other of the Base Currencies offered by the Company.
8.10. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.11. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake needs to fill out the following steps: • Complete the TIOmarkets Estock FX online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. following documents must be uploaded: • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. and • Proof of address (utility bill▇▇▇▇, current local authority tax bill▇▇▇▇, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent 10.000 USD/EUR/GBP/ SGD or 30.000 PLN while the account Account is still pending approvalpending. The Client has 14 21 calendar days to provide the required documents (as specified referred in clause 8.1paragraph 8.4). In the event that the required above documentation is not provided and approved during in the stipulated period, said period the following will occur: • Any and all account balances funds will be returned send back to the wallet, minus any profit or losssource of funding. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open enter into any new positions on transaction of trading nature and his MT4 or MT5. • The Client’s account will be set to placed in a read-only mode until such time as they upload his KYC documentation is provided to the Company and verifytheir proof of address and ID documentationhis trading account is approved.
8.78.6. TIO Markets Estock FX offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets Estock FX will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.88.7. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.98.8. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen may open a sub-Account in any other of the Base Currencies offered by the Company.
8.108.9. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.118.10. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake needs to fill out the following steps: • Complete the TIOmarkets GT Tradex online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. following documents must be uploaded: • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. and • Proof of address (utility bill▇▇▇▇, current local authority tax bill▇▇▇▇, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent 10.000 USD/EUR/GBP/ SGD or 30.000 PLN while the account Account is still pending approvalpending. The Client has 14 21 calendar days to provide the required documents (as specified referred in clause 8.1paragraph 8.4). In the event that the required above documentation is not provided and approved during in the stipulated period, said period the following will occur: • Any and all account balances funds will be returned send back to the wallet, minus any profit or losssource of funding. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open enter into any new positions on transaction of trading nature and his MT4 or MT5. • The Client’s account will be set to placed in a read-only mode until such time as they upload his KYC documentation is provided to the Company and verifytheir proof of address and ID documentationhis trading account is approved.
8.78.6. TIO Markets GT Tradex offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets GT Tradex will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.88.7. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.98.8. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen may open a sub-Account in any other of the Base Currencies offered by the Company.
8.108.9. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.118.10. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake needs to fill out the following steps: • Complete the TIOmarkets BitStock Investment online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. following documents must be uploaded: • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. and • Proof of address (utility bill▇▇▇▇, current local authority tax bill▇▇▇▇, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent 10.000 USD/EUR/GBP/ SGD or 30.000 PLN while the account Account is still pending approvalpending. The Client has 14 21 calendar days to provide the required documents (as specified referred in clause 8.1paragraph 8.4). In the event that the required above documentation is not provided and approved during in the stipulated period, said period the following will occur: • Any and all account balances funds will be returned send back to the wallet, minus any profit or losssource of funding. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open enter into any new positions on transaction of trading nature and his MT4 or MT5. • The Client’s account will be set to placed in a read-only mode until such time as they upload his KYC documentation is provided to the Company and verifytheir proof of address and ID documentationhis trading account is approved.
8.78.6. TIO Markets BitStock Investment offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets BitStock Investment will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.88.7. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.98.8. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen may open a sub-Account in any other of the Base Currencies offered by the Company.
8.108.9. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.118.10. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement
CLIENT’S ACCOUNT. 8.1. The Client shall open an Account with the Company to be able to trade in CFDs offered by the Company.
8.2. The Client does not intend to use his her Account for payment of transactions to third parties.
8.3. The Client understands that no physical delivery of a CFD’s underlying asset that he has traded through his Account shall occur. All CFD contracts can only be settled in cash. The prices of these instruments are derived from the underlying assets or currency pairs related to these CFDs, but in no way you are acquiring any right for delivery of the underlying asset/currency. Moreover, engaging in trading CFDs with underlying asset a virtual currency pair, and due to high volatile nature of these pairs, you might be exposed to higher risks than trading the assets themselves or trading other CFDs with other underlying assets.
8.4. In order to open an Account, a Client should undertake needs to fill out the following steps: • Complete the TIOmarkets ▇▇▇▇▇ Tradex online application form, which can be found on in the Company’s website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ website. • After completing At the end of this form, the client should verify their email address by clicking on thelink sent to his email. following documents must be uploaded: • At this stage the client will be redirected to the secure portal in order to upload the following documents.
a. Identification document (Passport or ID card). For an identification document to be considered valid it needs to CLEARLY INDICATE photograph, signature, personal details, issue and expiry date place and date of issue, and serial number; and
b. and • Proof of address (utility bill▇▇▇▇, current local authority tax bill▇▇▇▇, etc). For a proof of address to be considered valid, it needs to be dated within the last 6 months. Once these documents have been uploaded and successfully reviewed by the back-office team, the account will be approved. Until these documents have been approved, the account will have a ‘pending’ status and will be treated as Not Verified.
8.5. If the Client is unable to upload these documents, the documents can be sent via email following the submission of the online application form. In the event that the Client cannot send thenecessary the necessary documents by email, the Company will accept them by fax or post, however, email still remains the preferred method.
8.6. In certain circumstances the Company can accept deposits up to a deposit in a total amount of 2,000 USDor currency equivalent 10.000 USD/EUR/GBP/ SGD or 30.000 PLN while the account Account is still pending approvalpending. The Client has 14 21 calendar days to provide the required documents (as specified referred in clause 8.1paragraph 8.4). In the event that the required above documentation is not provided and approved during in the stipulated period, said period the following will occur: • Any and all account balances funds will be returned send back to the wallet, minus any profit or losssource of funding. • Any and all open positions on MT4 or MT5 will be closed. • The Client will not be able to open enter into any new positions on transaction of trading nature and his MT4 or MT5. • The Client’s account will be set to placed in a read-only mode until such time as they upload his KYC documentation is provided to the Company and verifytheir proof of address and ID documentationhis trading account is approved.
8.78.6. TIO Markets ▇▇▇▇▇ Tradex offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment. In this respect, TIO Markets ▇▇▇▇▇ Tradex will bear the costs associated with settling the negative Account balances to NIL. However, it should be noted that the Company reserves the right to unilaterally lift this protection and recover the negative balance from the future deposits of Clients who are repeatedly employing high risk trading strategies i.e. overleveraging, with a result their account to close negative in more than one time.
8.88.7. If the Client has opened more than one Account, the Company shall be authorised to consider and treat these different Accounts as a single unit. Among other rights that the Company has in the way of handling these Accounts, is the transferring of funds between Accounts to cover possible negative balances, of any of these Accounts, without this affecting in any way the right of the Company to terminate the Account or close all Client’s open positions.
8.98.8. Any funds received in a currency for which the Client does not hold a sub-Account shall be converted by the Company into the Client’s Account Base Currency. The conversion will be made at the exchange rate prevailing on the day and at the time when the relevant funds are at the disposal of the back- office department of the Company. Upon request, the Client mayopen may open a sub-Account in any other of the Base Currencies offered by the Company.
8.108.9. The Company permits each Client to open up 1 VIP Black account per user or a maximum of five (5) Accounts for the VIP, Standard or Signature account, to accommodate the Client’s needs for the below possible scenarios: • segregate different trading strategies; • use/benefit from different Account types offered by the Company; and • maintain Accounts in different Base Currencies.
8.118.10. Should a Client wish to have more than five (5) Accounts with the Company, it is at the Company’s discretion to allow for this, provided a valid and clear reason as to why more Accounts are needed is provided by the Client.
Appears in 1 contract
Sources: Client Agreement