Introducing broker agreement forex

In this Agreement, unless clearly inconsistent with or otherwise indicated by the context, the following words and expressions shall have the following meanings:. Effective date means the date on which all Parties have executed this Agreement;. Duration to continue unless terminated in accordance with the Terms herein;. Laws means all applicable laws including, but not limited to, any data protection and trade controls legislation , regulations, by-laws, rules, directives, orders and other requirements of any jurisdiction, and all requirements, permits, approvals, licenses, certificates and other directives from any Government Authority or any government agency, body or authority;.

This website is operated by IGO Global Limited with offices at Govant Building, BP , Port Vila, Vanuatu. There is a substantial risk of loss in trading commodity futures, option and off-exchange foreign currency products.

Past performance is not indicative fo future results. IGOFX does not accept clients from the U. Clients from Singapore and the above countries are not accepted to trade Binary Option in IGOFX.

CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities, indices and other underlying variables, carries a high level of risk and can result in the loss of all of your investment.

As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should become aware of all the risks associated with CFD trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for a any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or b any direct, indirect, special, consequential or incidental damages whatsoever.

Past performance of IGOFX Fund Manager is not a reliable indicator of his future performance. Content on IGOFX's social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of IGOFX - Your One Stop Trading Platform. IGO GLOBAL LIMITED is regulated Forex broker and registered by Vanuatu Financial Services Commission VFSC under number There is a substantial risk of loss in trading commodity futures, option and off-change foreign currency products.

Read our General Risk Disclosure.

No products in the cart. The Client Agreement along with requisite AML, Risk Disclosures and supporting documentation provided by IGOFX to the Customer are an integral part of the Client Agreement. Terms are binding for each Customer of IGOFX from the moment the Customer accepts the terms of the Client Agreement with IGOFX. Once the Terms are accepted, the Introducer in his own name and for Remuneration should: The Introducer may operate and introduce itself in interaction with the third parties only as a Customer of the IGOFX and not in any other capacity.

The Introducer may not use the name of the IGOFX, the logo of the IGOFX, etc. Under no circumstances the IGOFX is responsible for: The Introducer agrees to act in compliance with the legislation of the country of its residence. The Introducer agrees to notify IGOFX immediately about any intervention by right or without a right in its activity.

The Introducer agrees to use best endeavors to attract potential customers for IGOFX. A Customer is considered to be attracted by the Introducer provided one of the following conditions is observed: The Introducer agrees not to use unprincipled types of advertising to promote its activity. In particular it is prohibited to use: The Introducer is prohibited from: The Introducer is strictly prohibited from any monetary relations with customers including accepting money, payment and bank cards, etc.

IGOFX is fully responsible for any monetary exchanges by the Customers. The Introducer agrees to inform IGOFX about all the facts and circumstances, it becomes aware of, that may result in undesired consequences risks for IGOFX.

Should Customers assert claims to the IGOFX connected with activity of the Introducer, the Introducer agrees to settle all the claims of such customers at its own cost and convenience, without any responsibility of IGOFX. IGOFX agrees to provide the Introducer with necessary assistance in executing the mission stipulated hereby. IGOFX agrees to pay Commissions to the Introducer in the amount and under conditions stipulated hereby.

IGOFX is responsible for dealing operations and settlement. For settlement verification, the Introducer may ask its Customer to provide a report. On its basis the Introducer may appeal to the settlement made by IGOFX. IGOFX does not provide reports on the customers attracted by the Introducer. IGOFX has the right to control the Introducer activity in functions and obligations performing under these Regulations.

Introducing Broker | Forex & Currency Trading Brokers | efulejeqih.web.fc2.com

The Introducer is limited in its right to do the following without prior written consent from IGOFX: The Introducer, entering into relations with customers, agrees to inform the interested persons and Customers about its Introducer status and powers.

Since the Introducer is an intermediary, it is IGOFX who carries out all actual actions necessary for conclusion and execution of Client Agreements with the customers, also it enters into actual interaction with them, prepares and signs all the required documents.

The Introducer agrees to inform the Customer that the Customer does not have a right to provide the third parties with the registration data login and password required for authorization on www. IGOFX does not bear any responsibility for unauthorized use of the registration data of the customer by the third persons.

Under no circumstances the Introducer has a right to: All settlement payments with customers are made by IGOFX. Refer to clause 3. Act as an Introducer on behalf of any third parties.

Introducing Broker (IB)

Limitations stipulated by clauses 5. Losses are understood as expenses that IGOFX incurred or will incur restoring its rights and interests real losses as well as non-derived income that IGOFX would have gained in usual business intercourse should its rights and interests were not infringed lost profit when valuable interests or business reputation of IGOFX were violated as a result of failure to execute or improper execution of obligations by the Introducer under these Terms.

The Introducer does not have a right to dispute the amount of loss claimed by IGOFX for compensation. Should the Introducer break conditions of these Terms, IGOFX reserves the right to block the trading account of the Introducer until all losses, suffered as a result of breach of the conditions hereof, are compensated.

IGOFX has a right to cover losses inflicted by the Introducer by the money payable to the Introducer under these Terms and also under the Client Agreement and its integral appendices. In case any data of the Introducer and his Customer coincide such as passport data, address, telephone, e-mail, ip-addresses, etc.

The accounts, traded from one ip-address, are considered as one active account. Should the ip-address of a Customer coincide with the ip-address of the Introducer such accounts are considered as affiliated and no bonuses are payable for them.

IGOFX reserves the right to suspend or terminate this agreement at any time should it discover that the Introducer is engaging in suspicious or fraudulent activities. IGOFX shall pay a commission amount stipulated by clause 6. The mode of commission calculation is at the discretion of IGOFX.

Settlement period is understood as a calendar month. The Introducer has the right to submit a request for withdrawal of the commission money from its Account anytime within the month following the settlement month. The request is to be processed by IGOFX within 2 two business days from the date it is received, provided the amount of the commission added for the settlement period and payable to the Introducer is not less than USD Commissions will be paid out within 15 days following the settlement month.

For example, commissions generated during the month of September, are paid out within the first 15 days of October should the be requested by the Introducer. Should the sum of the commissions payable to the Introducer for the settlement period be less than USD, the commissions is not paid.

Introducing Broker Program | Forex and CFD Trading | GAIN Capital

The commission added at the end of the following settlement period is increased for the sums of the commissions not paid out on the grounds stipulated by this clause of the Regulations. IGOFX starts adding and paying commissions to the Introducer under the condition stipulated by clause 6.

Active account is understood as an account that has at least one transaction per month. IGOFX does not credit any commissions for the positions conforming to the following terms: Position is closed with profit or loss of one 1 pip or less. IGOFX reserves the right to modify this clause without prior notice to the customer should it be deemed necessary.

IGOFX has a right to introduce at its sole discretion amendments to the conditions of commissions adding and payment keeping with clause Commissions indicated in clause 6. The Introducer accrues the right to withdraw the commission sum from the Account only provided the Account is activated by IGOFX.

The Conditionally Approved Introducing Broker will be unable to withdraw, transfer, trade or otherwise remove or use trading commissions or rebates until after their account has been activated. Conditionally Approved Introducing Broker accounts will be activated only after the Introducing Broker has satisfied the documentation requirements in clause 7. This includes, but is not limited to, such practices as the churning of customer trading accounts, or the hedging of all or some customer positions for the purpose of generating trading commissions to the IB.

To activate an account the Introducing Broker must: After accepting these Regulations in the application, the Introducing Broker account will be conditionally approved. More information on Conditionally Approved Introducing Broker accounts is available in section After the documents, indicated in clause 7. In cases stipulated by clause 7. The Introducer guarantees fulfillment of its obligations. These Terms come into force for the Customers of IGOFX from the date of its acceptance by the Introducer and terminate from the moment the Client Agreement ceases to be effective.

None of the Parties hereof is liable for complete or partial failure to fulfill its obligations should the failure result from force-majeure circumstances floods, fire, earthquake and other acts of God, as well as war or different military operations, blockade, government regulation and other unavoidable cases of emergency independent from the Parties.

The Party, that fails to fulfill its obligations, agrees to inform immediately, not later than 5 bank days from the moment such circumstances occurred and ended, the other Party in a written form about the onset, expected duration and cessation of the foregoing circumstances. Facts, stated in the notification, are to be proved by a competent body or organization of the relevant country.

Failure to notify or untimely notification deprives the Party from its right to refer to any of the foregoing circumstances as a ground releasing from liability for failure to fulfill its obligations. Should impossibility of complete or partial fulfillment of obligations last for more than 3 months, the Agreement is automatically cancelled.

Should there arise a disputable situation with customers attracted by the Introducer, decision of the IGOFX is considered to be conclusive. Should one of the Parties not raise a demand for obligations fulfillment, the other Party hereof is not discharged from fulfillment of its obligations under this Agreement, as well as it does not mean refusal from obligations. In case of discrepancy, the English version of these Regulations is considered to have priority above the texts of these Regulations in other languages.

The Introducer acknowledges that IGOFX has a right to amend separate clauses of these Regulations any time having previously notified the Introducer in a written form 7 seven calendar days in advance before such amendments are introduced. Any such amendment comes into force on a date stated in the written notification.

Written notification under this agreement is understood as one of the following means of communication: Any correspondence documents, announcements, notifications, confirmations, reports etc. The Introducer agrees to inform the IGOFX immediately about changes in its contact information indicated in its Introducer Application form.

Notification may be sent by post, e-mail, facsimile or other communication facility that allows to: For the avoidance of doubt and without any exception: If the Introducer breaks clauses 3. As outlined in clause 6. To become an activated Introducing Broker account, client must satisfy documentation requirements outlined in clause 7. If the aforementioned documentation is not provided and approved within the 6 month period stated in clause Any trading commissions or rebates earned by the terminated account during the 6 month period shall become forfeit.

The referral network of the terminated account shall then be converted to un-referred status. In Accepting these Terms the Introducer confirms that: It has read and understood the terms and conditions of the Regulations; all the terms and conditions of the Regulations are understood and accepted in the full scale; there are no circumstances that may prohibit from the Regulations acceptance. This Agreement constitutes the whole agreement between the Parties as to the subject matter hereof and no agreement, representation or warranties between the Parties other than those set out in this Agreement shall be binding on the Parties.

This clause shall not exclude any liability for or remedy in respect of fraudulent misrepresentation. This Agreement and any non-contractual obligations arising out of or in connection with this Agreement shall be governed by laws of England. No addition to or variation, consensual cancellation or novation of this Agreement and no waiver of any right arising from this Agreement or its breach or termination shall be of any force or effect unless reduced to writing and signed by all the Parties or their duly authorised representatives.

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