Terapad Services Limited – Ioanni Stylianou, 6, Nicosia, Cyprus.
The following describes the terms and conditions upon which FMTrader™ (“FMT”) offers access to its Website to you the customer (“you”) and the use of its services (the “Agreement”).
This Agreement describes the terms, conditions and risks applicable to your use of our services available under the domain of www.fmtrader.com (the “Site”). If you have any questions regarding this Agreement please contact Customer Support.
You must read, agree with and accept all of the terms and conditions contained in this Agreement without modifications, which include those terms and conditions expressly set forth below and those incorporated by reference, before you may become a customer of FMT. By continuing to access or use the Site, you agree to follow the terms and conditions of this Agreement as they may apply to you.
This Agreement is effective upon acceptance in registration for newly registering customers. If you do not agree to be bound by the terms and conditions of this Agreement, do not use or access our services, and inform us in writing immediately.
2. Online Services Agreement
This Agreement is made by and between FMT and you.
This Agreement applies to both the Site and trading platform, as well as to the electronic content and or software currently contained on the Site that supplies the customer with real time information about the exchange rate of some currencies, as well as with the program facilities for executing trading transactions in the foreign exchange market via the web, phone or fax, and any other features, content or services that FMT may add in the future (the “Services”).
3. Membership Eligibility
The Services are available to and may only be used by individuals or companies who can form legally binding contracts under the law applicable to their country of residence. Without limiting the foregoing, our Services are not available to persons under the age of 18 or otherwise under legal age (“Minors”). If you are a Minor, you may not use this service. IF YOU DO NOT QUALIFY, PLEASE DO NOT USE OUR SITE.
For avoidance of doubt, we shall not be responsible for any unauthorized use by Minors of our Services in any way or manner.
FMT do not accept customers within the united states region.
FMT do not accept customers within Australia region.
Furthermore, our Services are available only to, and may only be used by individuals who have sufficient experience and knowledge in financial matters to be capable of evaluating the merits and risks of acquiring financial contracts via this Site and have done so without relying on any information contained in this Site. You shall bear sole responsibility for any decision made and/or to be made by you relying on the content of the Site.
Without derogating from the above provision, we shall not be responsible for verifying and/or checking whether you possess such sufficient knowledge and/or experience, nor shall we be responsible for any damage and/or loss incurred by you due to and/or related to the Site, transactions carried out by you and/or your use of the Services.
Without limiting the foregoing, our Services are not available where they are illegal to use, and FMT reserves the right to refuse and/or cancel Services to anyone at its own discretion.
4. Registration Information and Requirements
When you register for the service, FMT will ask you to provide certain identifying information.
You are responsible for securing your Username and Password for your account with FMT . You hold sole responsibility for any damage caused due to any act or omission by you causing inappropriate or irregular use of your account.
You agree to provide true, accurate, current and complete information about yourself during the registration process, and you also agree not to impersonate any person or entity, misrepresent any affiliation with another person, entity or association, use false headers or otherwise conceal your identity from FMT for any purpose. If you are registering as or for a business entity, you hereby declare that you have the authority to bind that entity to this Agreement.
5. Legal Restrictions
Without limiting the foregoing, you understand that laws regarding financial contracts vary throughout the world, and it is your obligation alone to ensure that you fully comply with any law, regulation or directive, relevant to your country of residency with regards to the use of the Site. For avoidance of doubt, the ability to access our Site does not necessarily mean that our Services, and/or your activities through it, are legal under the laws, regulations or directives relevant to your country of residency.
You hereby declare that the moneys invested in your account with FMT do not originate from drug trafficking, abduction, or any other criminal or illegal activity.
6. Limited License
FMT grants you a non-exclusive, non-transferable and limited personal license to access and use the Site (the “License”). The License is conditioned on your continued compliance with the terms and conditions of this Agreement.
You agree not to resell or permit access of the Site to others, and not to copy any materials appearing on the Site for resale or for any other purpose to others without the prior written consent of FMT.
For avoidance of doubt, you shall be responsible and bound by any unauthorized use of the Site, made in breach of this section.
You agree to use the information received from the information systems of FMT for the sole purpose of executing transactions inside and within the Site.
You further agree not to use any electronic communication feature of a Service on the Site for any purpose that is unlawful, tortuous, abusive, intrusive on another’s privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful.
The License granted under this Agreement will terminate if FMT believes that any information provided by you, including your e-mail address, is no longer current or accurate, or if you fail to otherwise comply with any term or condition of this Agreement and all rules and guidelines for each service or FMT establishes that you have abused in any way (including but not limited to engaging in a transaction out of market rates) the FMT trading platform.
Upon such violation, you agree to cease accessing Services. You agree that FMT , at its sole discretion and with or without notice, may terminate your access to any or all Services, close your open transaction and remove and discard any information or content within a Service.
7. Risk Disclosure
You agree to use the Site at your own risk.
Without limiting the foregoing, the Services contained within this Site are suitable only for customers who are able to bear the loss of all the money they invest, and who understand the risks and have experience in taking risks involved in financial markets.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with digital options trading, and seek advice from an independent financial advisor if you have any doubts.
8. Financial Information
FMT may make available to you through one or more of its Services a broad range of financial information that is generated internally or obtained from agents, vendors or partners (“Third Party Providers”). This includes, but is not limited to, financial market data, quotes, news, analyst opinions and research reports, graphs or data (“Financial Information”).
Financial Information provided on this Site is not intended as investment advice. FMT does not endorse or approve the Financial Information, and we make it available to you only as a service for your own convenience. FMT and its Third Party Providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the Financial Information, or warrant any results from your use or reliance on the Financial Information.
Financial Information may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Neither FMT nor the Third Party Providers are obligated to update any information or opinions contained in any Financial Information, and we may discontinue offering Financial Information at any time without notice.
It is your duty to verify the reliability of the information on the Site and its suitability to your needs. We exclude any liability for any claim, loss or damage of any kind allegedly caused by information presented on the Site or referred to by the Site.
FMT may provide a link to other sites that are controlled or offered by third parties. Such link to a site or sites is not an endorsement, authorization, sponsorship or affiliation with respect to such site, its owners or its providers.
FMT cautions you to ensure that you understand the risks involved in using such sites before retrieving, using, relying upon or purchasing anything via the Internet.
Links to these Websites are provided solely for your convenience, and you agree that under no circumstances will you hold FMT liable for any loss or damage caused by use of or reliance on any content, goods or services available on other sites.
10. Cancelation of trades or suspension of account of trading activities
FMT reserves the right to suspend the operation of this site or sections thereof under the following circumstances:
10.1.When, as a result of political, economic, military or monetary events (including unusual market volatility or illiquidity) or any circumstances outside the control, responsibility and power of Fm Financial Trader™, the continued operation of this site or the Trading Platform shall not be reasonably practicable without materially and adversely affecting and prejudicing your interests or Fm Financial Trader™, or if, in the sole discretion of Fm Financial Trader™, a price cannot be calculated for financial betting contracts; or
10.2. When there is a breakdown in the means of communication normally employed in determining the price or value of any of the financial betting contracts or where the price or value of any of the financial betting contracts cannot be promptly or accurately ascertained; or
10.3. When FMT has reason to suspect that the Trading Platform was abused by you or that you have used some means in order to affect or manipulate the Trading Platform in general or the price of a specific Contract in particular. FMT can and will terminate and or cancel transaction or reverse those trades that it finds were manipulated or employed fraudulent means. If fraud is suspected, FMT will temporarily suspend the account and freeze all assets and trades and will take up to 90 days to review the trades. If fraud or manipulation is verified the account will be terminated and all assets will be frozen permanently.
10.4. Under such circumstances, other than in the case of abuse or manipulation of the Trading Platform, FMT may at its sole discretion (with or without notice) close out your open financial betting contracts at prices it considers fair and reasonable at such a time and no claims may be entertained against FMT in connection thereto.
In case of abuse or manipulation of the Trading Platform, FMT may at its sole discretion take any measures it deems fit and appropriate under the said circumstances.
10.5. You understand that the trading facilities provided by the Trading Platform, may be halted or suspended at any time without a prior notice due to circumstances beyond the control of Fm Financial Trader™. In such an event, FMT or an authorized party on its behalf may close any open positions you may have (by performing a Reverse Transaction) without prior written notice being sent to you, at fair market value reflecting, as closely as possible, the applicable prices of the relevant Contracts. You hereby waive any claims of indemnification / suits / causes of action against FMT in such an event and acknowledge that such waiver is a pre-condition to the validity of this Agreement.
10.6. FMTrader reserves the right, provided a prior written notice to this effect has been sent to you, to cancel any Transaction that due to a Trading Platform and/or human error, whether under the control of FMT or not, has beenexecute at a price which at the time of the Transaction was not the indicative and/or accurate price of that said Financial Contract created by the transaction.
10.7. If client’s account remains inactive for 3 months from the day it was opened, from the moment this regulation was update on the website or for any other consecutive period of 6 months, the company will be entitled to charge a monthly management fee of 50 USD.
The moment the client resumes trading activity and/or decides to close the account, management fee will be proportional to the amount of the time the account was not active.
11. Limited Liability
We undertake to supply steady Services on the Site. However, we assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Site or Services. We are not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, hardware, software, failure due to technical problems or traffic congestion on the Internet or on any of the Site or Services.
To the maximum extent permitted by applicable law, under no circumstances shall we be responsible for any loss or damage resulting from use of the Site or Services, from any content posted on or through the Site or Services, or from the conduct of any users of the Site or Services, whether online or offline.
IN NO EVENT SHALL FMT OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SITE OR SERVICES, INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH THE SITE OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT FMT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION AND IN NO EVENT SHALL FMT’S CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT OF MONEY YOU TRANSFERRED OR DEPOSITED IN YOUR ACCOUNT ON THE SITE IN RELATION TO THE TRANSACTION GIVING RISE TO SUCH LIABILITY.
12. AML Procedures
No person shall abuse this site for the purpose of money laundering. FMT employs best-practice anti-money laundering (AML) procedures. FMT reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, customers who do not accept or conform to the following AML requirements and policies:
• Live traders must provide all requested information upon registration.
• Winnings will only be paid to the individual who initially registered to open a live account.
• When a customer maintains an account by means of telegraphic deposits, winnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the live trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to FMT .
• When a customer funds an account by means of credit/debit card deposits, winnings will only be distributed to the individual whose name appears on the card used to make the deposit and only be paid back to the same card
• Only one account is allowed per person. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
• FMT may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such asnotarized copy of passport or other means of identity verification as it deems required under the circumstances and may at its sole discretion suspend an account until such proof has been provided to its satisfaction
13. Intellectual Property
All content, trademarks, services marks, trade names, logos and icons are the property of FMT or its affiliates or agents and are protected by copyright laws and international treaties and provisions.
You agree not to delete any copyright notices or other indications of protected intellectual property rights from materials that you print or download from the Site. You will not obtain any intellectual property rights in, or any right or license to use such materials or the Site, other than as set out in this Agreement.
Images displayed on the Site are either the property of FMT or used with permission. You agree not to upload, post, reproduce or distribute any information, software or other material protected by copyright or any other intellectual property right (as well as rights of publicity and privacy) without first obtaining the permission of the owner of such rights and the prior written consent of FMT .
You agree to defend and indemnify FMT and its officers, directors, employees, and agents and to hold them harmless from and against any and all claims, liabilities, damages, losses, and expenses, including without limitation reasonable attorney’s fees and costs, arising out of or in any way connected with (i) your access to or use of the Site or Services; (ii) your violation of any of the terms of this Agreement; or (iii) your breach of any applicable laws or regulations.
15. Term and Termination
The term of the Agreement shall be unlimited; however FMT will be allowed to terminate this Agreement at any time by notice to you. As of termination, you shall not be able to carry out new transactions.
This Agreement shall be governed by and interpreted in accordance with the laws of UK excluding that body of law pertaining to conflict of laws. Any legal action or proceeding arising under this Agreement will be brought exclusively in courts located in UK, and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.
FMT will not be liable in any way to any persons in the event of force majeure, or for the act of any government or legal authority.
In the event that any provision in this Agreement is held to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
The failure of a party to enforce any right or provision of this Agreement will not be deemed a waiver of such right or provision.
FMT may assign this Agreement or any rights and/or obligations hereunder without your consent.
Trader must be at age 18 and above in order to trade.
FMT may amend the terms of this Agreement from time to time by posting the amended terms on the Site. You are responsible for checking whether the Agreement was amended. Any amendment shall come into force as of the day it was published on the Site. If you do not agree to be bound by the changes to the terms and conditions of this Agreement, do not use or access our Services, and inform us in writing immediately.
17. Electronic Communication
By registering with www.fmtrader.com you agree to our terms and conditions for electronic communication, including email. You agree to accept ( opt-in ) to accept electronic communication from FMT and our affiliates and third-parties communicating on behalf of FMT. FMT does not sell, or share your information. Affiliates or Third parties will only be provided your email address and only to contact you for FMTrader and FMT will approve and control this communication. You may opt-out at any time by sending an email to email@example.com or clicking on the remove me from future mail that will be present on all email communications. If you opt out, FMT will have no way to contact you, as all of our communications are electronic.FMT assured you will not be sent emails that are not important, newsworthy, or pertain to your account. If you have any questions please contact your Account Manager for clarification.
18. Cancellation of transactions
The Company has the right to cancel a transaction if it has adequate reasons / evidence to believe that one of the following has incurred:
a. Fraud / illegal actions led to the transaction,
b. Orders placed on prices that have been displayed as a result of system errors or systems malfunctions either of those of the Company or of its third party service providers.
c. The Company has not acted upon Client’s instructions.
d. The Transaction has been performed in violation to the provisions of this Agreement.
19. Cancel Feature Abuse
FMT offers a special cancellation feature that allows traders to cancel a trade within a few seconds of execution. Abuse of the cancelation feature can be considered market arbitrage and can result in forfeiture of profits. FMT reserves the right to cancel a position if the cancellation feature is abused. The acceptable cancellation percentage cannot exceed 20% of the total number of executed trades. Cancelling more than 20% of the total number of executed trades is considered abuse of this feature and resulting profits may be forfeited from such abuse.
20. FMT’s Bonus Policy
FMT offers a number of attractive reward features including welcome bonuses, contests and award to our new and current customers. Bonuses and onetime trading credits rewarded to clients are part of FMT’s promotions program. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change. To learn more about FMT’s rewarding bonus and promotional offers please contact us via live chat, phone or email.
Any promotion offered is good for a one week cycle, unless otherwise designated or dated.
All promotions offered by email are offered under our terms and conditions specified herein or noted on the promotional email.
By accepted the terms and condition when registering with FMT, you accept and understand that these promotions are limited, and have no actual value except while in your account. Whether noted by your account manager, written into the emails or promotional literature they are covered by these terms and conditions.
Fm Financial Trader’s Withdrawal Policy and Bonus Redemption
In order to redeem their bonus credits customers are first obligated to meet a volume requirement on their account which the payment of bonus credits is conditioned upon.
The general volume requirement on the customers’ account requires that a customer wager a total account volume which will be up to fifty (50) times the value of the qualifying deposit upon which the bonus credit was made. This condition is calculated from the point at which the bonus credit is first given.
If a customer receives multiple bonus credits, the volume requirement is calculated one bonus credit at a time, from the earliest to the most recent bonus issued to the account. It is calculated based on the turnover at the time the bonus was issued.
Any account withdrawals made by customers prior to the redemption of their bonus credits will result in the waiving of their entitlement to the bonus credit and the immediate withdrawal of the credit from their account.
All bonus deposits are subject to withdrawal grace periods. If you have withdrawn funds within 30 days prior the promotion. The amount of the deposit made for the B promotion bonus award, will be reduced by the withdrawal amount.
It is advisable to send an email to firstname.lastname@example.org if you have any questions about bonus and awards. Please make sure you ask in writing before participating in any promotions.
At no time can a customer/client receive an award or bonus and instantly close their account. Bonus and promotion are incentives for a client to make continued trades. Once a client accepts a bonus or award, they agree to keep their account active for a minimum of 90 additional days and to reach the volume level as specified above.
The date of any promotion will be considered the date on the email sent to you and logged in our computers.
All bonus money will be processed as quickly as possible. We will always try to award the bonus within 24 hours on banking days and when possible. Sometimes, it just is not feasible.
All bonus will be awarded at the end of the promotion cycle and at the close of the trade.
FMT will not be held responsible or accountable for a delay in the award of a promotion or bonus.
All promotions, bonuses, awards and other advertising specials have limitations.
If limits are not printed on the promotion they are covered by the policy below.
The maximum award incentive is not to exceed USD 10,000.00 in a calendar year.
The maximum award incentive per promotion is not to exceed USD 5,000.00 unless otherwise specified or agreed upon.
The maximum award based on trades shall not exceed the average of the client’s trades in the last 90 days.
At no time will any award or bonus or incentive exceed the total amount of real funds deposited by a client in a year cycle from the date of their first deposit.
If you want to mischarge the bonus contract, you must give up the bonus and carry a fine of up to 30% of the deposit according administrative approval.
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