Common use of Trading Accounts Clause in Contracts

Trading Accounts. 7.1.1. For each account, the Company will provide the Client an exclusive username and password that will allow the Client the following: - Use and access his/her account to assess real-time evaluations of ongoing trading positions and to analyze and refer to past transactions, including account data - Gain entry and use his/her account for scanning transactions or deals and set trades associated with the transactions or contracts - Access to alternate or additional logins and passwords made available at any time to the Client by the Company to protect the security of the account and to avoid unauthorized access or use 7.1.2. The usernames and passwords will continue to be in effect unless terminated by either party. 7.1.3. The Client is in charge of protecting the privacy and use of his/her account, password, and other access codes. The Client agrees that the relevant password and access codes given by the Company can only be used by the Client’s Authorized Person, which the Company agreed to appoint. The Client shall not, for any reason, disclose his/her account, account number, password, and other access codes to any third party. 7.1.4. The Client must ensure that the Trading Platforms and devices he/she uses to trade are not left unattended. The Client must also ensure that as such are not being utilized by any third party to carry out trading activities by using his/her account. The Client hereby guarantees that the passwords, access codes, and security data intended for gaining entry to his/her account are always kept secure and private. 7.1.5. The Client is primarily responsible for any loss that may occur in his/her account caused by unauthorized access and use. This includes the losses encountered as a result of lost or stolen passwords and other security information. 7.1.6. The Company may depend on all instructions, orders, and other communications received through the Client’s access codes. The Client will thereby be constricted by any transaction or expense encountered on behalf of the Client in reliance on such instructions, orders, and other communications. 7.1.7. If the Client believes or becomes aware that his/her account was disabled, hacked, or compromised, or is being used by any third party without the Client’s consent, the Client must inform the Company immediately. The Client can contact the Support Team through email or live chat. If the Company receives the Client’s notification within Business Hours, the password of the account will be reset immediately upon acknowledgement of the notice. If the Company receives the Client’s notification outside Business Hours, the password of the account will be reset as soon as reasonably possible. 7.1.8. The Company may, but is not obliged to, notify the Client of any activity which the Company considers being carried out on the Client’s account without his/her authorization. In that situation where the Company believes so, the Company may, in its discretion, hold the account access until the Client verifies that he/she is aware of those activities. The Company is not responsible if the access to the Client’s account was not postponed for the time being. 7.1.9. If the Client has more than one account with the Company, the Company has the right to consider those accounts as if they were under one account. This is to control the number of accounts maintained by a single user at its best judgment. 7.1.10. Further to the above, the Client is particularly made aware that all trading positions, except those closed manually, may be turned over on a constant basis. In that way as a result, all accounts may sustain a cost for such rollover.