Common use of Opening an Account Clause in Contracts

Opening an Account. 8.1 If we open an Account for you, it will initially comprise of a landing account (also known as a wallet) and a trading account which will automatically be created when you make your first deposit. 8.2 You may then:- (a) open multiple landing accounts (on which trades cannot be placed) denominated in different currencies, only one per available currency, that you wish to deposit or withdraw funds in; and (b) open multiple trading accounts, denominated in different or the same currencies, or perhaps linked to different technologies offered through our Trading Platform. We may limit the types and number of trading accounts that you can open at our discretion. 8.3 Your Account comprises of all your landing accounts and trading accounts. 8.4 You are only permitted to have one Account relationship with us. If we reasonably suspect you have more than one Account relationship, including by having multiple Connected Accounts, then we may close one of those Accounts and their associated landing and trading accounts without notice. 8.5 Additionally, funds may be deposited direct to a trading account, however, withdrawals can only be made from a landing account to ensure that they are unencumbered funds. 8.6 We will treat each trading account separately so your Positions will not be netted across all your trading accounts; except for purposes of imposing and monitoring the limits set forth in paragraph 10.11, below. 8.7 We retain a right of set off between balances held on landing and trading accounts, in the event of a negative balance on one or more trading account. 8.8 You need to provide us with certain information about yourself before we can open an Account for you. This will include details of your personal and financial circumstances. We refer to this information as "Registration Data". 8.9 The Registration Data you provide to us must be complete, accurate and not misleading. We will rely on the Registration Data you provide to us unless we are aware that such information is manifestly out of date, inaccurate, misleading or incomplete. 8.10 You must notify us of any material changes to the Registration Data. We may ask you to update or confirm the Registration Data you previously provided to us from time to time. We may terminate this Agreement or suspend your Account if you fail to provide such information to us or if we believe that such information is not accurate. We will only take such steps if it is reasonable to do so. 8.11 From time to time, we may add to, modify or remove certain Account or landing or trading account types or the functionally of such accounts. This may result in changes to your Account, and/or landing accounts and/or trading accounts. We will try to minimise disruption to you if we do this. We will give you prior written notice where we believe our actions may result in detriment to you. 8.12 We may carry out credit and other checks (including but not limited to verification of identity, fraud prevention checks and checks into your current and past investment activities) from time to time as we deem appropriate. Your Registration Data or other information may be used in the prevention of money laundering as well as for the management of your Account. You authorise us to use your Registration Data and other information in this way. We will use your data in accordance with our Privacy Policy, which is available on our Website, and outlined in paragraph 28. 8.13 In electronically submitting the Account application form you are authorising us to make such searches as we see fit to certify that the information that you have supplied is complete and accurate. Such searches will include, but may not be restricted to, information from the electoral register and credit reference agencies. We may undertake searches with credit reference agencies, such as but not limited to: Equifax, Experian and GB Group for the purposes of verifying your identity. To do so the credit reference agency may check the details you supply against any particulars on any database (public or otherwise) to which they have access. 8.14 We may refuse to open an Account for you for any reason. We are under no obligation to tell you why we have refused your application. 8.15 If you act in connection with or on behalf of someone else, whether or not you identify that person to us, we will not accept that person as an indirect customer of ours and we will not owe any obligation or duty to them unless otherwise specifically agreed in writing. Failure to inform us that another person (other than an Authorised Person) is operating your Account may result in us terminating this Agreement, suspending your Account and/or closing any open Transactions you may have with us.

Opening an Account. 8.1 If we open an Account for you, it will initially comprise of a landing account (also known as a wallet) and a trading account which will automatically be created when you make your first deposit. 8.2 You may then:- (a) open multiple landing accounts (on which trades cannot be placed) denominated in different currencies, only one per available currency, that you wish to deposit or withdraw funds in; and (b) open multiple trading accounts, denominated in different or the same currencies, or perhaps linked to different technologies offered through our Trading Platform, for example. We may limit the types and number of trading accounts that you can open at our discretion. 8.3 Your Account comprises of all your landing accounts and trading accounts. 8.4 You are only permitted to have one Account relationship with us. If we reasonably suspect you have more than one Account relationship, including by having multiple Connected Accounts, then we may close one of those Accounts and their associated landing and trading accounts without notice. 8.5 Additionally, funds may be deposited direct to a trading account, however, withdrawals can only be made from a landing account to ensure that they are unencumbered funds. 8.6 We will treat each trading account separately so your Positions positions will not be netted across all your trading accounts; except for purposes of imposing and monitoring the limits set forth in paragraph 10.11, below. 8.7 We retain a right of set off between balances held on landing and trading accounts, in the event of a negative balance on one or more trading account. 8.8 You need to provide us with certain information about yourself before we can open an Account for you. This will include details of your personal and financial circumstances. We refer to this information as "Registration Data". 8.9 The Registration Data you provide to us must be complete, accurate and not misleading. We will rely on the Registration Data you provide to us unless we are aware that such information is manifestly out of date, inaccurate, misleading or incomplete. 8.10 You must notify us of any material changes to the Registration Data. We may ask you to update or confirm the Registration Data you previously provided to us from time to time. We may terminate this Agreement or suspend your Account if you fail to provide such information to us or if we believe that such information is not accurate. We will only take such steps if it is reasonable to do so. 8.11 From time to time, we may add to, modify or remove certain Account or landing or trading account types or the functionally of such accounts. This may result in changes to your Account, and/or landing accounts and/or trading accounts. We will try to minimise disruption to you if we do this. We will give you prior written notice where we believe our actions may result in detriment to you. 8.12 We may carry out credit and other checks (including but not limited to verification of identity, fraud prevention checks and checks into your current and past investment activities) from time to time as we deem appropriate. Your Registration Data or other information may be used in the prevention of money laundering as well as for the management of your Account. You authorise us to use your Registration Data and other information in this way. We will use your data in accordance with our Privacy Policy, which is available on our Website, and outlined in paragraph 28. 8.13 In electronically submitting the Account application form you are authorising us to make such searches as we see fit to certify that the information that you have supplied is complete and accurate. Such searches will include, but may not be restricted to, information from the electoral register and credit reference agencies. We may undertake searches with credit reference agencies, such as but not limited to: Equifax, Experian and GB Group for the purposes of verifying your identity. To do so the credit reference agency may check the details you supply against any particulars on any database (public or otherwise) to which they have access. 8.14 We may refuse to open an Account for you for any reason. We are under no obligation to tell you why we have refused your application. 8.15 If you act in connection with or on behalf of someone else, whether or not you identify that person to us, we will not accept that person as an indirect customer of ours and we will not owe any obligation or duty to them unless otherwise specifically agreed in writing. Failure to inform us that another person (other than an Authorised Person) is operating your Account may result in us terminating this Agreement, suspending your Account and/or closing any open Transactions you may have with us.

Opening an Account. 8.1 7.1 If we you open an Account for youAccount, it will initially comprise of a landing account (also known as a wallet) and a trading account which will automatically be created when you make your first deposit. 8.2 7.2 You may then:- (a) open multiple landing accounts (on which trades cannot be placed) denominated in different currencies, only one per available currency, that you wish to deposit or withdraw funds in; and (b) then open multiple trading accounts, denominated in different or the same currencies, or perhaps linked to different technologies offered through our Trading Platform. We may limit the types and number of trading accounts that you can open at our discretion. 8.3 7.3 Your Account comprises of all your landing accounts and trading accounts. 8.4 7.4 You are only permitted to have one Account relationship with us. If we reasonably suspect you have more than one Account relationship, including by having multiple Connected Accounts, then we may close one of those Accounts and their associated landing and trading accounts without notice. 8.5 7.5 Additionally, funds may be deposited direct directly to a trading account, however, withdrawals . Each customer can only be made from deposit a landing account maximum of 1.000.000 USD to ensure that they are unencumbered fundsa trading account. 8.6 7.6 We will treat each trading account separately so your Positions will not be netted across all your trading accounts; except for purposes of imposing and monitoring the limits set forth in paragraph 10.11, below. 8.7 7.7 We retain a right of set off between balances held on landing and trading accounts, in the event of a negative balance on one or more trading accountaccounts. 8.8 7.8 You need to provide us with certain information about yourself before we can open opening an Account for youAccount. This will include details of your personal and financial circumstancespersonal. We refer to this information as "Registration Data". 8.9 7.9 The Registration Data you provide to us must be complete, accurate and not misleading. We will rely on the Registration Data you provide to us unless we are aware that such information is manifestly out of date, inaccurate, misleading or incomplete. 8.10 7.10 You must notify us of any material changes to the Registration Data. We may ask you to update or confirm the Registration Data you previously provided to us from time to time. We may terminate this Agreement or suspend your Account if you fail to provide such information to us or if we believe that such information is not accurate. We will only take such steps if it is reasonable to do so. 8.11 7.11 From time to time, we may add to, modify or remove certain Account or landing wallet or trading account types or the functionally of such accounts. This may result in changes to your Account, and/or landing accounts and/or trading accounts. We will try to minimise minimize disruption to you if we do this. We will give you prior written notice where we believe our actions may result in detriment to you. 8.12 7.12 We may carry out credit and other checks (including but not limited to verification of identity, fraud prevention checks and checks into your current and past investment activities) from time to time as we deem appropriate. Your Registration Data or other information may be used in the prevention of money laundering as well as for the management of your Account. You authorise authorize us to use your Registration Data and other information in this way. We will use your data in accordance with our Privacy Policy, which is available on our Website, and outlined in paragraph 28. 8.13 7.13 In electronically submitting the Account application form you are authorising authorizing us to make such searches as we see fit to certify that the information that you have supplied is complete and accurate. Such searches will include, but may not be restricted to, information from the electoral register and credit reference agencies. We may undertake searches with credit reference agencies, such as but not limited to: Equifax, Experian and GB Group for the purposes of verifying your identity. To do so the credit reference agency may check the details you supply against any particulars on any database (public or otherwise) to which they have access. 8.14 7.14 We may refuse to open an Account for you for any reason. We are under no obligation to tell you why we have refused your application. 8.15 7.15 If you act in connection with or on behalf of someone else, whether or not you identify that person to us, we will not accept that person as an indirect customer of ours and we will not owe any obligation or duty to them unless otherwise specifically agreed in writing. Failure to inform us that another person (other than an Authorised Person) is operating your Account may result in us terminating this Agreement, suspending your Account and/or closing any open Transactions you may have with us.