Terms & Conditions
Terms to regulate relationship between FXMitrade and Our Customers
1. Introduction
1.1. These Terms & Conditions (Agreement) shall regulate the relationship between:
- Fxmitrade Trading Services LLC (also referred to as FXMITRADE, Company, we, us, our, as appropriate) with registered address First floor, First St. Vincent Bank Ltd Building, James street, Kingstown, St. Vincent and the Grenadines;
- Any person being either a natural person or a legal entity (also referred to as Client, you, your, yourself, as appropriate), who has successfully opened an account on or and agreed to the current terms and conditions during the registration procedure.
1.2. Fxmitrade Trading Services Ltd is not required to hold any financial services license or authorization in St. Vincent and the Grenadines to offer its products and Services.
1.3. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.
1.4. The Client warrants his understanding that laws regarding Fxmitrade Services vary throughout the world and it is the client’s obligation alone to ensure compliance with any law, regulation or directive relevant to Clients country of domicile.
1.5. Ability to access the services does not necessarily mean that the Company Services and client activities through it are legal under the laws, regulations or directives relevant to Clients country of domicile. Subject to the provisions of this Agreement, the Company agrees to provide the Client with the Services subject to the Client Not being a resident of: United States of America, Canada, France, Japan, Algeria, Ecuador, Iran, Syria, North Korea or Sudan, United States Minor Outlying islands.
1.6. By accepting this Agreement, the Client agrees and irrevocably accepts the terms and conditions contained in this Agreement, its annexes and/or appendices as well as other documentation/information published on the Website, including without limitation to the Risk disclosure notice, Privacy Policy, Cookie policy, Anti-Money Laundering Policy, Referral rules and conditions, and other legal documents and disclaimers which can be found on https://primexbt.com. The Client accepts this Agreement by registering an Account on the Website. By accepting the Agreement, and subject to the Company’s final approval, the Client enters into a legal and binding agreement with the Company.
IF YOU HAVE OBJECTIONS TO ANY OF THESE TERMS AND CONDITIONS, OR ANY PART THEREOF, AND/OR IF YOU DO NOT AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS, OR ANY PART THEREOF, DO NOT ACCESS AND/OR USE SERVICES IN ANY WAY AND INFORM US IN WRITING IMMEDIATELY.
Company reserves the right to alter, amend or modify this Agreement from time to time, in Company’s sole discretion. The Company warns that in some or in all cases it will not notify the Client personally via email about the changes made in this Agreement, therefore it is the responsibility of the Client to check the Website from time to time to make sure he/she complies with the current version of the Agreement.
2. Definitions
- Agreement – the present Agreement including any Annexes and/or Appendices attached herein as this may, from time to time, be amended or replaced.
- Account – Clients personal account which can be accessed by using Client’s credentials, which provides access to the Trading platform and contains all of the Client’s Transactions and Orders. In order to start executing Transactions, Client has to deposit funds into his Account.
- Client – any person being either a natural person or a legal, who has successfully opened an account on https://Fxmitrade.com and agreed to the current terms and conditions during registration procedure.
- Company – Fxmitrade Trading Services LLC (also referred to as Fxmitrade, Company, we, us, our, as appropriate) with registered address First floor, First St. Vincent Bank Ltd Building, James street, Kingstown, St. Vincent and the Grenadines
- KYC – means the documents of the Client that include the passport or ID, utility bill, and any additional document that may be required by the applicable law.
- Leveraged products – products available for trading on the Trading platform and may be named as “CFD’s”, “Forex”, “Indices” and “Cryptocurrencies” etc. for information and marketing purposes Leveraged products are traded on margin and involve significant risk of capital loss.
- Margin – the necessary guarantee funds required to open and Order or maintain open position in Leveraged products.
- Transaction – shall mean any transaction in Leveraged products arranged for execution on behalf of the Client under this Agreement.
- Trading platform – the Company’s online trading system which includes the aggregate of its computer devices, software, databases, telecommunication hardware, a trading platform, mobile applications, all programs and technical facilities providing real-time prices, making it possible for the Client to obtain information of markets in real time, make technical analysis on the markets, enter into Transactions, place and delete Orders, receive notices from the Company and keep record of Transactions and calculating all mutual obligations between the Client and the Company. Company may provide multiple Trading platforms with different functionality.
3. Becoming a Client
3.1. By registering an account at https://Fxmitrade.com/register provided by the Company, you become a Client and also represent, agree, and warrant that:
3.1.1. that you have accepted the Terms and Conditions;
3.1.2. that you are of an age of majority to enter into this Agreement (at least 18 years of age), meets all other eligibility criteria and residency requirements, and is fully able and legally competent to use the Website, enter into agreement with the Company and in doing so will not violate any other agreement to which you are a party;
3.1.3. that you are the legal owner of the funds you add to your Clients Account with the Company and that the same funds derive from a legitimate and legal source;
3.1.4. that using Services does not constitute a breach of your home jurisdictions’ laws;
3.1.5. that if we require any KYC-procedure you will provide correct, genuine and up-to-date information or documents;
4. Services of the Company
4.1. Fxmitrade offers its Clients an access to trading a number of instruments in the form of Leveraged products, available on the Trading platform. The Company shall carry out all Transactions as provided in this Agreement on an execution-only basis, neither managing the account nor advising the Client. The Company is entitled to execute Transactions requested by the Client as provided in this Agreement even if the Transaction is not beneficial for the Client. The Company is under no obligation, unless otherwise agreed in this Agreement and/or other documentation/information on the Website, to monitor or advise the Client on the status of any Transaction, to make margin calls, or to close out any of the Client’s open positions.
4.2. The Company shall facilitate the execution of trade activities/orders and/or Transactions of the Client but the Client hereby acknowledges and accepts that the Company shall not at any time provide any trust services and/or trading consultation or advisory services to the Client.
4.3. Each Client shall be the only authorized user of the Company’s Services and of the corresponding Account. The Client is granted an exclusive and non-assignable right to the use of and to access the Account and it is his/her responsibility to ensure that no other third party, including, without limitation, to any next of kin and/or to members of his/her immediate family, shall gain access to and/or trade through the Account assigned to her/him.
4.4. The company does not provide investment, financial, tax or regulatory advice nor do we provide any other form of recommendation. You understand that you shall make your own assessment of any Transaction prior to entering into a trade, and shall not rely on any opinion, material or analysis provided by the Company.
4.5. We do not offer investment research, and any material containing market analysis is considered marketing communication and should not be treated as advice, recommendation or research.
5. Warranties and Representations
You acknowledge that:
5.1. You are authorized to access and use the Website; In particular, the jurisdiction where you reside, hold citizenship, or conduct business allows you to utilize Services;
5.2. Your use of the Website and the Service is at your own risk. You agree that the Company is not liable for any damages or harms arising out of your use of the Website and Service;
5.3. The information provided on the Website is for general information purposes only and is given in good faith, you must only act upon such information at your own risk, knowing that the Company will not be held liable for any resulting losses or damages. The information is selective and the Company may not verify all information, which may not be complete or accurate for your purposes and should not be relied upon without further enquiry. The information should not be construed as a recommendation to trade or engage the Service provided by the Company in a particular manner;
5.4. THERE IS NO EVENT THE COMPANY OR ANY OF ITS DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS SHALL BE LIABLE FOR ANY DAMAGES WHATSOEVER TO YOU, INCLUDING, WITHOUT LIMITATION, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO THE USE OF THE SITE OR THE SERVICES, INCLUDING WITHOUT LIMITATION THE QUALITY OF THE USEFULNESS OF INFORMATION PROVIDED THROUGH OR AS PART OF THE SITE OR ANY INVESTMENT DECISION MADE ON THE BASIS OF THE INFORMATION, WHETHER THE DAMAGES WERE PREDICTABLE OR NOT AND WHETHER OR NOT THE COMPANY HAS BEEN ACQUAINTED WITH THE POSSIBILITY OF SUCH DAMAGES. LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION AND IN NO EVENT SHALL THE COMPANY CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT OF MONEY YOU TRANSFERRED OR DEPOSITED IN YOUR ACCOUNT ON THE SITE IN CONNECTION WITH THE TRANSACTION GIVING RISE TO SUCH LIABILITY.
6. Taxes
18.1. The company is not a tax agent and thus shall not provide clients’ financial information to any third parties. This information will not be disclosed unless officially requested by government authorities. Client irrevocably accepts full responsibility for his/her actions according to current tax legislation valid at the place of residence/living of the Client regarding any performed Transactions, included but not limited to revenue/income tax.
These terms and conditions outline the rules and regulations for the use of Fxmitrade’s Website.
By accessing this website we assume you accept these terms and conditions. Do not continue to use Fxmitrade if you do not agree to take all of the terms and conditions stated on this page.
If you have additional questions or require more information, do not hesitate to contact us through email at info@Fxmitrade.com.