«Systemgates Capital Ltd», hereinafter referred to as the Company, offers currency conversion (exchange) operations on the Forex market, CFD stocks, indexes and metals to any individual or corporate entity (hereinafter referred to as the Client) according to the procedure and on the terms and conditions described in this Agreement.
The Agreement becomes effective as of the date when the client opened a trading account and transferred funds to the Company's account(s) to ensure minimum trading deposit.
Order - Client's request to the Company to open or close a position when the price reached the desired level.
Currency contract - currency pairs available for trade.
CFD contract - stocks available for trade.
Currency pair - Forex instrument based on the exchange rate of one currency vs another.
Financial instruments - currency pairs and CFD contracts available for trading.
Transaction - set of trading operations when funds are transferred from base currency into quote currency and back.
Hedged positions - equal long and short positions of the same instrument on the same trading account.
Open position - buy (sell) order not covered by the opposite sell (buy) order.
Marginal trade - arbitrage operations with currency and (or) CFD contracts that result in the volume of opened positions several times exceeding the amount of variable margin.
Lot - volume of an order.
Equity - current state of an account, calculated as balance + floating profit - floating loss.
Floating Profit/Loss - unfixed profit/loss on open positions with floating exchange rates.
Free Margin - funds in trading account used to open new positions, calculated as equity - margin.
Margin - necessary deposit amount to open orders, calculated as lot size * lot volume*current price/leverage and is equal to 0.5% (with 1:200 leverage) of the total amount of opened positions.
Margin Level - indicator of the state of an account, calculated as Equity / Margin*100%
Stop Out - automatic closing of open positions if your equity (balance + floating profit – floating loss) reaches 5% of your Margin. Stop Out is calculated according to the following formula: Equity/Margin*100%
Base currency - currency unit in which subaccount, all balances, fees, and payments are nominated and calculated.
Non-market quote - quotation (price level) inside a price gap, several price ticks close to each other in amount which form a price gap, appearance of quotation as a result of price noise, and a price level formed without any macroeconomic indicators which have substantial effect on the instrument's exchange rate.
Balance - amount in Client's or broker's secure trading account after closing the last transaction during any period of time.
Weltrade Station means licensed software used to make orders.
Spread - difference between buy and sell rate of a currency pair or CFD contract at a given moment.
Storage, Swap - cash held or added to Client's or broker's secure trading account for prolonging (carrying over) a position to the following day. From Wednesday to Thursday swaps are tripled.
Dealer - Company employee processing Client orders.
Company's business hours - time during which the Company's terminal processes orders with standard currency contracts and standard CFD contracts. This time represents a continuous period of time between 00:00 hours EET of Monday and 23:59 hours EET of Friday. Order processing can be limited or unavailable from 00:00 hours EET till 00:05 hours EET daily from Monday till Friday due to special technical pricing procedures at the start of the new business day. Price flow for specific trading instruments with limited trading hours can be limited at the beginning of trading session due to insufficient liquidity.
Buy rate (ASK) - rate at which the Client may buy a traded currency.
Sell rate (BID) - rate at which the Client may sell a traded currency.
1.1. Client shall fund his trading account within 90 calendar days from the date of its opening in an amount not less definite terms for the type of account (minimum initial deposit).
1.2. The Company has the right to archive trading account with a balance of less than 1 (one) USD / EUR or 75 (seventy five) RUB, if the client did not have trading activity on this account for the past three months. The client has the right to recover the trading account by contacting customer support.
1.3. Client may withdraw funds from his trading account the amount not used to cover the margin, but not more then current balance.
1.4. Client places a cash withdrawal order using the Company website's interface. All the orders have to be confirmed by a unique confirmation code sent to the Client's registered email address. Company is not responsible for any third party access to the Client personal information and withdrawal orders. Once an order has been received, the withdrawal amount is deducted from the Client's trading account or safe box. All payments are final and are not to be returned.
1.5. The money will be transferred within five banking days after receiving a Client's order. The security service of the company has the right to hold the order up to 10 business days, previously having notified the client.
1.6. The Client will be given the Company's banking details to transfer funds to replenish his trading account via the Company's website, or may place an account replenishment order in electronic (placed using the Company website's interface) or written form.
1.7. When replenishing his account, the Client shall use the Company's current banking details received at the Company's website only and effective on the payment date. Current banking details mean details received within 24 (twenty four) hours prior to payment. The Company cannot be held responsible for the funds which the Client transferred to accounts and using banking details different from current, and does not offer search and refund of Client's payment and cannot credit these funds to Client's trading balance. Trading deposit replenishment orders may be issued, and current banking details may be received in the appropriate section of trader's office on the payment day.
1.8. Deposit/withdrawal fees are payable by the Client.
1.9. The company has the right to reject an application for withdrawal of funds in case of discrepancy between the payment systems of depositing and withdrawing, and process only the request to withdraw funds to that payment system, from which deposit was done. Herewith profit from the trading operations can be withdrawn to the payment systems (on client’s request) that were not initially used to top up the account, but only after the total amount of funds will be withdrawn from the account. The payment system may be changed by prior agreement between the Company and the Client.
1.10. When the trading account balance is replenished using direct bank transfer, credit of funds will be made upon their arrival in the Company’s account. The Client who replenishes the account using direct bank transfer has the right to order the funds withdrawal only to the account from which the payment was made. When transferring funds, commission is charged (for international bank transfer).
1.11. If the withdrawal of funds from the trading account or My Safe, deposited before using payment card, is made earlier than 30 days after account credit, the company's security department is entitled to request a color scan both sides of the payment card and client’s passport for verification. The withdrawal of funds to the same payment card or payment system is possible by prior agreement between the Company and the Client.
1.12. Company reserves the right to reject a request for withdrawal in case of an explicit intention to exchange customer funds from one payment system to another.
1.13. Replenishing account balance using credit cards of third parties is prohibited.
1.14. The company has the right to accept for processing withdrawal order only by international bank wire transfer to the personal bank account of the Client if total summary profit equivalent more than 10000 USD in all trading accounts.
2.1. Client is notified and agrees that the company cannot be held liable for client's actions or inactions during conversion operations. Responsibility for trade account standing is borne by the client.
2.2. Company reserves the right to amend this Agreement by notifying the client about it at least 2 business days prior to the effective date of these amendments. Posting the relevant information on the main page of the www.weltrade.com website for the period of at least 3 days is also considered a notification.
2.3. All powers and obligations of the company and the client represent a long-term commitment, which remains in force up until the company receives a client's notice of termination of this agreement or closing his trading account.
2.4. Company cannot be held responsible for non-fulfillment of any obligations involving quality of online communication of information to the client terminal or use of information, software, and interfaces of websites which do not belong to the company.
2.5. Client realizes that any market recommendations and information communicated to the client by the company, its representatives, or third parties do not constitute an offer to make operation/transaction.
2.6. Client realizes that any payments which client makes using the banking details received earlier than 24 hours prior to the payment time or not at the appropriate sections of the company website, which differ from the company's current banking details do not entail the company's liability or obligations concerning the search, refund or credit of this payment to the client's trading balance.
2.7. Client realizes that any actions committed by the client or third parties (through client's fault or with client's participation), which destabilize the company's business or performance of the company's services, equipment, or software may result in the company's denial (on the basis of private law) of servicing the client's current trading account and cancellation of all orders, with full refund of the current account equity. Company must notify the client about the reasons for the above decision. Company also may deny this client a registration and servicing of a new trading account in the future.
2.8. The Client declares and guarantees that:
- - Client is of sound mind and memory, of full age, and financially solvent
- - Client is able to trade on Forex and CFD markets
- - information which client provided to the company is true and correct
- - Client shall notify company about any and all changes in this information within one day after the change took place
- - the e-mail address stated by the client is not an e-mail address of general, group, or common use with third parties. Any and all notices, requests, complaints, and information received from this address are considered coming from the client and to be accurate.
2.9. Company may request from client a confirmation of accuracy of the personal account data due diligence and in the event of cash withdrawals. Company may require a notarized copy of the client's ID and the document proving his place of residence.
2.10. Client agrees to provide all documents and notices, procure registration of documents, and take all other actions which the company may deem necessary or desirable at own discretion in accordance with the Anti Money Laundering Policy.
2.11. In case double registrations of the same client with different email addresses are revealed, the company has the right to cancel such additional registrations.
3.1. Client understands that the risk of suffering trading losses may be quite significant. Client should analyze his financial capabilities before engaging in trading operations.
3.2. Client realizes that he may completely lose his all initial funds and any additional funds used when trading on the market.
3.3. Client agrees that the company cannot be held responsible for client's losses caused, directly or indirectly, by the government restrictions, restrictions of foreign exchange or market rules, suspension of trading, military operations, or other conditions usually called the 'force majeure circumstances' which lie beyond the company's control.
3.4. Client was informed about additional risks associated with the specifics of functioning of e-trade systems and the problems of Internet communication nodes.
3.5. Client bears full responsibility for the risks associated with the storage of trading account access data, and must ensure that third parties cannot access the trade terminals. Client's losses and risks associated with the restoration of access to the trading account place no obligations on the company, other than to provide new access data to the client upon sufficient and unambiguous identification of the client as the holder of this account.
4.1. The Client may issue only the following trading instructions using electronic access:
- - OPEN - to open a position;
- - CLOSE - to close a position;
- - to place (delete, change) Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop orders.
The Company cannot accept and will automatically deny any other requests.
4.2. A confirmed request to open/close a position cannot be canceled, changed, or withdrawn.
4.3. Orders are executed at the Bid / Ask prices proposed by the Client, which he sees in the window of сlient's trading terminal. During trading session client may select a desired operation and place a price confirmation inquiry with the dealer. Company reserves the right to increase declared spreads during excessive market volatility and/or insufficient market liquidity.
4.4. If the price has changed while the inquiry was processed, or in the event of increase of market volatility dealer may offer the client a new price, in which case the dealer's response time may increase until the price will be certain.
4.5. Dealer may decline the Client's instruction to open a position, if the free margin is lesser than the margin required to secure this position.
4.6. Limit and Take Profit orders are executed at the order price. Stop and Stop Loss orders are executed at the best available market price when the order price level is reached in the market. The Company reserves the right to reject order execution if current market situation does not correspond to order conditions at the moment of execution, The Company reserve the right not to execute an order or revise an order opening (closing) price based on the first tick at the opening of a trading session, and in the event of a technical failure of the trading platform , which affected the financial instrument quotation flow, or other technical failures.
4.7. When market is opened for CFD on stock indexes, Limit and Take Profit orders are executed at the order price. Stop and Stop Loss orders are executed at the best available market price when the order price level is reached in the market. The Company reserves the right to reject order execution if current market situation does not correspond to order conditions at the moment of execution.
4.8. Client cannot change or delete current and pending orders, if price has reached the order execution level.
4.9. Open positions at the client's account may be forcibly closed (Stop Out) when the margin level reaches 5% (five percent). However, if there are more than three open positions, company reserves right to close the most unprofitable orders when the margin level reaches 20% (twenty percent) to avoid negative balance on the fast (volatile) market.
4.10. Company may suspend its operations or revise client's orders for the following reasons: failures on part of Internet access providers, failures in information flows, hacker attacks, and other illegal actions against the company's servers and equipment, force majeure circumstances, and suspension of trading on financial markets which concerns financial instruments used by the Company.
4.11. Company may revise (change) a trading operation upon discovery of software malfunction within 5 trading sessions after malfunction was discovered. In this case, client will be provided data concerning history of at least 2 independent quotation sources.
4.12. Client bears full responsibility for his trading operations using additional functions of the client trade terminal, such as Trailing Stop or Expert Advisor. These functions and their performance and characteristics directly depend on the client trade terminal and cannot be controlled by the company's server.
4.13. Company may change spread amount and parameters of Limit & Stop levels for orders for certain financial instruments at nighttime and during periods of low market volatility.
4.14. Company reserves the right to cancel orders with duration less than 2 minutes.
4.15. Company may increase the Limit & Stop level for Forex instrument orders for up to 30 pips for the period of release of important economic news. The level changes take effect at least 15 minutes prior to the news release time.
4.16. The Company reserves the right to cancel the orders and refuse services if:
- a) the number of orders in most of its mass hedged by counter-orders earlier than in 2 minutes;
- b) Client's intentions directed only to open / close trading orders using old / not existing prices;
- c) identified fraud attempts to make profit using particularities of trading conditions and trading equipment.
4.17. The company has the right to cancel client pending orders, if client didn't perform any trading activity during the period of 3 month.
4.18. The Company reserves the right to limit maximum amount of active orders on client's account.
4.19. Company reserves the right to reduce leverage based upon current market conditions and liquidity provider margin requirements.
4.20. Overall result, as well as swaps, on all closed orders on the account Micro and investment accounts PAMM older than 6 months can be combined into one order, which is written into the history of account. Orders, over which the summation was made, are deleted from the account history.
4.21. MICRO account is designed for training purposes and familiarization with trading conditions and market orders execution quality. Thus, taking into account professional trading skills, Company has the right to limit trading activity on this account type and propose to transfer trading activity to accounts Premium, Pro, ZuluTrade or PAMM. Funds transfer between accounts is free of charge.
4.22. The maximum number of current accounts cannot be greater than 10 (deleted and archived trading accounts are not taken into account). This restriction does not apply to investment accounts.
4.23. Company reserves the right to cover Client account negative balance derived from Client trading operations when trying to manipulate with orders and negative account balance on different accouts, by the Clients' funds on other accounts with the Company.
5.1. The parties will try to settle all disputes by negotiation and correspondence. The company may accept client's complaints for review, if these complaints were stated in writing and received within three calendar days after the dispute occurrence date.
5.2. Client's all inquiries will be considered official and regarded as written inquiries, if these inquiries were placed via the Company's website interface, by e-mail sent to the addresses of the company's services concerned, or by regular mail. Inquiries placed using online communication programs, such as ICQ or similar, cannot be considered written inquiries.
5.3. The company will review client's complaints within ten business days after receiving from the client all necessary and sufficient information which concerns this complaint and is indispensable to settle it.
5.4. In the event of disagreements concerning client's operations or the state of his trading account, the parties will review the protocols of client's operations using company's data.
5.5. If the client will breach any of the above paragraphs, the company reserves the right to deny the client its services and make a refund of the client's deposit. Termination of service and refund of the deposit will come into effect upon expiration of 5 banking days after the client was sent a notice via internal mail of the trade terminal or by e-mail provided at the time of registration of trading account.
5.6. In case of failure to reach an agreement through negotiations and correspondence within 3 (three) months from the date of the emergence of a dispute its further consideration will be directed towards the justiciability in accordance with the laws of the Belize.
6.1. The company has the right to request the customer to confirm his identity and information provided upon registration. At any time client can be asked to provide an electronic copy, certified copy or notarized copy of a passport (at the discretion of the Company).
6.2. If the client has not received a request to provide the documents, the procedure of verification is not mandatory, but the client can voluntarily send a copy of the passport or other proof of identity.
6.3. In the case customer registration data (name, address or telephone number) have changed, the customer shall immediately notify the Company's customer service asking to change the data.
6.4. Customer acknowledges that the registration data, referred to them for opening an account can be used by the company in the fight against money laundering.
6.5. Customer is responsible for the authenticity of submitted documents (copies) and recognizes the right of the company, in case of doubt about their authenticity, contact the law enforcement agencies of the issuer of the document to verify its authenticity and if it detects a falsification of the document, company has the right to place a hold on the account and conduct an investigation.
7.1. The company can use to communicate with the client:
- - Internal mail of the MetaTrader trading platform;
- - E-mail client provided upon registration;
- - Phone number client provided upon registration;
- - Postal address client provided upon registration;
- - Viber;
- - Through cpmpany News page at www.weltrade.com/company/news
The company will use the details specified by the customer provided upon registration. Client must notify the company of any changes in contact information within 3 business days.
7.2. Any correspondence (documents, announcements, notifications, confirmations, reports, etc.) will be considered as received by the client:
- - One hour after sending to client's e-mail address;
- - Immediately after sending the internal mail in the trading platform;
- - Immediately after the telephone conversation with the client;
- - 7 calendar days from the date of posting on the website;
- - Immediately after placing ads in the Company News page on its Web site.
8.1. Following agreement becomes effective as of its acceptance by the client.
8.2. This agreement will be terminated if following occurs:
- - In the case of expression of one of the parties wishes to terminate this Agreement;
- - In the case of a complete withdrawal of funds from client's trading account, which entails the termination of relations governed by the agreement;
- - In case of breach by the client the terms specified in the agreement, the company may terminate this agreement unilaterally by notifying the customer of such termination and returning in full the Customer's funds from his/her trading account at the time of termination.
8.3. If the Company terminates the activities regulated by the Agreement:
- - Company warns the customer for the month prior to such closing;
- - The Company shall pay the Customer the Customer's funds, which are on the account at the time of closing account.
8.4. In case of death of the Client:
- - The right to demand withdrawal of funds from the client's trading account becomes appropriate queue or the heirs of the heirs under a will;
- - The right to use trading account and the right to conduct operations in the financial markets by inheritance is not transmitted.
8.5. Customer agrees that the Company reserves the right at its sole discretion, suspend or discontinue all or part of the client's access the services of a subsequent notice by means of communication. In this case, this Agreement shall be terminated and company released from providing services to the Client.
9.1. WELTRADE CLUB is a loyalty program in which can participate all the clients after the verification of the mobile phone number. The bigger is your trading volume the higher is your status in the WELTRADE CLUB.
9.2. Status is updating on the first day of each month depending on the trading volume starting from the beginning of the client’s participating in the WELTRADE CLUB.
9.3. WELTRADE CLUB status calculation considers only trades on the MetaTrader 4 accounts.
9.4. Executed orders are not considered for turnover calculation matching the following conditions:
9.4.1. Difference between the opening and closing price is less than the MTP value of the corresponding instrument.
9.4.2. If the client opened offsetting locked position, the amount of which is equal to the previously open one, trade turnover accounted for 50% of each deal.
9.4.3. If the client opened offsetting locked position, the volume of which is not equal to the volume of previously open one, trade turnover of hedged volume accounted for 50% of each deal. Trade turnover of unhedged volume is considered in full.
10.1. The Client can connect the trading account to the automated service, developed by the company ZuluTrade Ltd (hereinafter the “Service”).
10.2. The commission fee is 1.5 points per 1 lot.
10.3. ZuluTrade Ltd automated Service is merely the technical execution service of trade operations. By agreeing to use the Service, the Сlient provides Systemgates Capital Limited (hereinafter – the “Company”) with the right to execute the instructions and to enter into transactions on the client’s trading account in line with the instructions, which the Company receives from ZuluTrade Ltd, and the Company is not responsible and does not guarantee the potential profit of the systems, acquired through the use of the Service.
10.4. The Сlient understands and agrees with the fact, that The Company does not bear any responsibility and does not guarantee the potential profit, acquired through the use of the Service, and also for any losses incurred on the trading account and proposed amendments, operations, updates or upgrades for the client’s chosen system (Service). The Сlient understands that it is solely his responsibility – to monitor the trading account’s activity and status updates of his chosen system (Service).
10.5. The Сlient fully understands and agrees that the instructions are generated by ZuluTrade Ltd not the Company, and the Company only offers the execution of trade orders services and does not provide any recommendations, nor does it confirm the accuracy of the Service, provided by ZuluTrade Ltd.
10.6. The Сlient confirms that he has studied the principles behind the provision of the Service, and understands their purpose. The Сlient fully understands that he provides full access to his account to a third party (ZuluTrade Ltd) and cannot hold the Company responsible, in any way, for the mismatched and/or inappropriate provision of the Service.
10.7. The Company does not bear responsibility for any losses incurred on the Сlient trading account caused by a mechanical, software or a communication error, and also the system error, as well as any other influence outside of its direct control. The Сlient understands and agrees that the Company does not hold any responsibility for any consequences caused by the possible activity and/or inactivity of ZuluTrade Ltd or any other third party providing the Service, that lead to the inability to use the Service for the reasons that are out of control of the Company. The Сlient understands and agrees that it is entirely his responsibility - to monitor the trading activity on the account and to make independent trading decisions in case of any possible Service failures, particularly, when the reception of the Service trading signals stops.
10.8. This agreement releases the Company, as well as its brokers, agents, directors, shareholders, and employees from being responsible for any loss and / or other liability (including, but not exclusively from the corresponding costs of a lawyer / auditor) arising from the use of the given Service.
10.9. By using the given Service, the Сlient acknowledges that he has received, read and accepted this agreement concerning the appointment of rights, fully understands his responsibility, is aware of the risk of incurring financial losses because of trading on the foreign exchange market and agrees to all the terms stated above.
11.1. Bonus is available only for trading accounts and not available for My Safe.
11.2. Bonus is credited automatically in the account after straight deposit from payment system or My Safe.
11.3. If during the bonus campaign period, the customer made a withdrawal from any account, bonus is calculated on the difference between the deposit and withdrawal.
11.4. If the client makes withdrawal, percent bonus funds (at first balance bonus funds, then credit bonus funds) is deducted from the trading account in proportion to the withdrawal order amount. The proportion can be changed in the future. This condition applies to the total amount of bonus money in the account.
11.5. When transfer funds between accounts, bonus debited accordingly in proportion from one account and deposited on the other.
11.6. The company has the right to refuse to receive a bonus without explanation.
11.7. The company has the right to cancel the previously accrued bonus.
11.8. The Company reserves the right to request additional identification information from the client.
11.9. The bonus is not credited to ZuluTrade, PAMM, Pro accounts and My Safe.
11.10. The maximum amount of current credit bonus on each Client's trading account cannot exceed 10 000 USD or its equivalent in another trading account currency.
12.1. Welcome Bonus can only get a limited number of customers, which is chosen at the discretion of the company.
12.2. If the bonus account has been funded with client's own money, in the case of drawdown on the account, this amount will be lost first, prior bonus funds.
12.3. Welcome Bonus can not be removed. All the profit earned by Welcome Bonus can be withdrawn at any time.
12.4. The Company reserves the right to cancel bonus without any notice or explanation.
13.1. Funds can be placed only in U.S. dollars, Euros and Russian roubles.
13.2. Annual percentage rate, which depends on the status at WELTRADE CLUB, applies to balance. In case if there was not trading activity on any of Client's trading accounts, the Company has the right to lower the interest rate to 3%, including the current calendar month.
13.3. Conversion of funds is at the average commercial rate calculated by company. The course can be adjusted at any time.
13.4. In the case of conversion of funds without the implementation of the minimum volume of transactions the Company is entitled to retain a commission of 2% of the amount. The minimum volume of transactions (lots) can not be less than 1% of the amount for conversion, this takes into account only the transaction between the previous and current conversions. For cent accounts the minimum volume of transactions increased by 100 times.
13.5. Funds kept are not eligible for bonus.
14.1. General rules.
14.1.1. Participation is free.
14.1.2. The Competition is open to all comers, regardless of nationality, sex, national origin. The contest is not open to employees of the Company, as well as their family members and relatives.
14.1.3. Registration and holding of the contest, announcement of winners is conducted in accordance with the dates listed on the Weltrade website. Current rating is published on the official contest page at www.weltrade.com
14.1.4. Contest is a competition of traders. Therefore, in particular, shall not be used automated strategies, not involving participation of a person (trader) for a decision on the basis of current market conditions. Special competitions in which trading software is provided can be an exception.
14.2. The Prize Fund.
14.2.1. The prize fund is announced at the time of the registration in contest.
14.2.2. The prize fund is distributed among the winners of the tender committee, in accordance with the position occupied in the ranking of the participants at the time of summing up its results. The rating generated automatically in real time by comparing the values of the current balance in the competition.
14.2.3. Prize accounts have a status similar to a real working accounts except for the following positions: Member has the right to withdraw only the profits earned in the trade, and their own deposit. Removal of the prize money is prohibited.
14.3.1. Register in this contest possible with the announcement of registration, as well as at any time during the current competition (after the start), but no later than 5 days before the end date of its completion.
14.3.2. When register Participant is obliged to provide their real data. All participants agree to publish on the site www.Weltrade.com his account number and its history, first and last name, country and city of residence.
14.3.3. Upon completion of registration contest account will be opened (unique number and password). The data obtained are used to login into trading platform «Weltrade Station».
Participants need to download and install trading terminal on their computers. The installation and configuration of the terminal is identical for both contest and live accounts.
14.3.4. Starting value balance and leverage is identical for all competitors:
Balance - 10,000 virtual US dollars;
Leverage - 1:100.
14.3.5. Members agree not to open more than one contest account. If multiple accounts with the same IP-address are detected, they will be disqualified during the contest or after its completion.
14.4. Additional Terms.
14.4.1. During the competition the number of complete transactions undertaken by the Participant shall not be less than 5.
14.4.2.Terms of Business to fully comply with described in Section 4 of User Agreement for real trading accounts.
14.4.3. At the end of the contest all opened positions will be closed forcibly, and the current value gains/losses on them is reflected in the balance.
14.4.4. Leverage can not be changed.
14.4.5. Trading operations on the contest accounts during the contest shall be held only with the use of currency pairs. Other instruments on contest accounts are not available. This limitation applies only to contest accounts and only for the duration of this contest.
14.5. Conducting and judging the competition.
14.5.1. Judge and commission of the competition is Weltrade. The Commission's decision shall be final and without appeal.
14.5.2. Participants who violate this Regulation shall be subject to disqualification from the contest. Disqualification from curent contest does not preclude him from taking part in the next contest of traders.
14.5.3. All complaints, suggestions and questions arising from Members during the registration period, in the course of the contest, and in summing up its results, should be sent using the feedback form (the "Contacts") after authorization in trader's office, addressed to contest commission.
All claims, questions and suggestions related to the competition brought by other means or sent to other departments of the company, will not be accepted.
14.5.4. Shall not be accepted claims from members:
- - Related to the inability to perform operations in contest account due to poor quality of communication on both sides, the Participant and one of the servers of Weltrade;
- - Connected with quoting on trading platform "Weltrade Station", except in cases of obvious errors.
14.5.5. Administration of Weltrade has the right to suspend or terminate the contest in case of technical problems with providers, company service equipment, or because of the extreme circumstances that arise after the start of the contest, which the administration of the company could neither foresee nor prevent with reasonable measures.
14.5.6. Weltrade administration reserves the right to amend these rules, as the company will give advance notice to all contest participants.
WELTRADE offers you to take part in the PAMM managers contest in the manner and on the terms described in this document (hereinafter - the "Rules"). By registering in the contest you confirm your agreement to the Rules.
- 15.1. General provisions.
- 15.2. The prize fund.
- 15.3. Registration.
- 15.4. Supplementary conditions.
- 15.5. Holding and judging of the contest.
15.1.1. To take part in the contest, you need to open a PAMM account of PAMM.Premium type with a minimum deposit of 200 USD/EUR, 15 000 RUB or PAMM.Pro with a minimum deposit of 1000 USD.
15.1.2. The contest is open to anybody who wants to, regardless of nationality, gender, and national origin. The company employees, members of their families and their relatives are not allowed to participate in the contest.
15.1.3. Registration for the contest is carried out from 22.12.2014 to 08.03.2015. The contest is held from 22.12.2014 to 20.03.2015. The winners will be announced on 25.03.2015. The real-time rating of participants is published on the official contest page.
15.2.1. The prize fund of the contest is $ 50 000.
15.2.2. The prize funds will be deposited to the PAMM account of the winner in the form of investment from the company. The maximum allowable remuneration for manager on this PAMM account cannot exceed 25% of the profits.
Participants who take 1-10 places receive investment in the amount of:
- 1. $10 000
- 2. $8 500
- 3. $7 500
- 4. $6 500
- 5. $5 500
- 6. $4 500
- 7. $3 500
- 8. $2 500
- 9. $1000
- 10. $500
15.3.1. It is possible to register and to take part in this contest from the date of registration announcement, as well as at any time during the current contest (after the start), but not later than 5 days before the date on which the contest ends.
15.3.2. When registering the Participant assures that he will provide his true data. All Participants agree to the publication of their account number and its history, surname and name, country and city of residence on the WELTRADE website.
15.3.3. After completing the registration, the Participant opens PAMM account by type: PAMM.Premium with a minimum deposit of 200 USD/EUR, 15 000 RUB or PAMM.Pro with a minimum deposit of 1000 USD. The Participant is assigned a unique number - login and password. The data obtained are used for the contest and trade with the help of the trading terminal «MT4 by WELTRADE».
Firstly, you need to download the terminal and install it on your computer. The installation and configuration of the terminal is identical for both contest and trading accounts. In case of using terminals of other companies (based on the MetaTrader 4), one should specify the IP address of our trading server in the settings: dc2.mt4.systemgates.com:443
15.4.1. During the contest the number of complete deals made by the Participant must be not less than 15.
15.4.2. Terms of the conclusion of deals on the contest account are fully in accordance with those described in Section 4. Public agreement for the real trading accounts.
15.4.3. At the end of the contest, earning yield at the end of the period is fixed and the PAMM accounts yield is determined according to the formula:
((yield at period's end - yield at period's beginning)+100)/(yield at period's beginning+100)
15.4.4. The leverage cannot be changed.
15.4.5. The winners are decided on the basis of profitability and the age of the PAMM-account.
15.4.6. To receive the investments, own capital of the Manager must be $1000 or more.
15.5.1. The judge of the contest is the WELTRADE contest committee. The decisions made by committee shall be final and not subject to any appeal.
15.5.2. Participants who violate these rules are subject to disqualification from the current contest. Disqualification of Participant from the current contest does not deprive him the right to participate in the next contest for traders.
15.5.3. All complaints, suggestions and questions raised during the registration and contest periods, and during summing up of the results shall be sent with the help of the feedback form (section "Support") after authorization in the member area, with the obligatory addressing to the contest committee.
All complaints, questions and suggestions concerning the contest brought by other means or sent to other departments of the company, will not be accepted.
15.5.4. The following claims from participants are not receivable in evidence:
- -claims related to the inability of performing operations on the contest account caused by poor communication quality on the part of contest Participant, as well as on the part of one of the WELTRADE providers;
- -claims related to the quotations level in the trading platform "MT4 by WELTRADE", unless any obvious errors occurred.
15.5.5. WELTRADE administration has the right to suspend or terminate the contest in case of technical problems occurrence at the provider serving companies, or as a result of extraordinary circumstances arisen after beginning of the contest, which the administration of the company could neither foresee nor prevent by reasonable measures.
15.5.6. WELTRADE administration reserves the right to make changes to these Rules, about which the Participants will be informed by the company in advance.
16.1. Only clients who have cooperated with the Company before the date of the promotion can receive bonus.
16.2. Company for internal criteria may prohibit certain clients to participate in this promotion.
16.3. Bonus cannot be cashed. All profit earned using the bonus can be cashed at any time.
16.4. If the bonus account is deposited with client's own funds, in the case of drawdown on the account, first of all his own funds are lost.
16.5. Company reserves the right to debit bonus amount from account without prior notice and explanation.
17.1. To participate in the rebate service program can all the customers who passed verification of the mobile phone number and joined Weltrade Club.
17.2. The amount of payments according to program depends on the client's current status in Weltrade Club.
17.3. Calculation of payments occurs once a day taking into account deals executed over the past day.
17.4. When calculating payments orders that meet the following conditions are not considered.
- 17.4.1. If the difference between the opening and closing price is less than the MTP value of the corresponding instrument.
- 17.4.2. If a client opened offsetting locking position, which volume is equal to the volume of previously opened position, the size of payments is accounted for 50% of each deal.
- 17.4.3. If a client opened offsetting locking position, which volume does not equal to the volume of previously opened position, the amount of payments with the hedged volume is accounted for 50% of each trade. The amount of payments with uncovered volume is considered in full.
- 17.4.4. If a client opened offsetting locking position on one trading instrument and the difference in points between the opening price of one trade and the opening price of the trade with another type of execution (sell or buy) is less than the MTP value of the corresponding instrument.
- 17.4.5. Duration of which is less than 2 minutes.
17.5. The Company reserves the right not to charge payment from deals, margin for the opening of which was ensured only bonus funds. This rule can be applied to the already charged payments.
17.6. Currency of payments is USD.
17.7. Conversion into the currency of payments, USD, from other currencies of trading accounts occurs at the commercial rate of the Company. The exchange rate can be changed at any time depending on the current market situation.
17.8. Charged amount of payments can be transferred by the client to any trading account or safe box and used for trading or withdrawn to the payment system.
17.9. Upon detection of any manipulation or violation of the program conditions, the Company has the right, at its sole discretion, to deny participation of any client in the program and to cancel already charged according to the program payments.
17.10. The Company is entitled to change the size of payments under the program without prior notice, based on the current market situation.
Affiliate Program Terms & Conditions
The company «Systemgates Capital Ltd», hereinafter referred to as a company offering an conversion (exchange) transactions in the currency market Forex, CFD stocks, indices, metals to any individual or corporate entity (hereinafter - the Customer) in the manner and conditions of the Offer Agreement, and physical or legal entity, hereinafter referred to as "Partner", collectively the "Parties", entered into this Agreement as follows.
An active client is a client, who accomplishes a trade turnover at the rate of two lots within a calendar month. Only lots from discount transaction under the terms of counterpart order are taken into account.
MTP - the difference between the opening and closing order’s price in pips.
Locked positions - long and short positions of the same size opened on the same instrument in one trading account.
1.1. The company and partner take on the commitments agreed upon, directly related to attracting customers to the conclusion of trading on the tools offered by the Company.
1.2. Partner assumes the rights and obligations set forth in this Agreement to seek and attract customers, as well as other rights and obligations under this Agreement. Fulfilling the commission pursuant to this Agreement, Partner shall act on its behalf and at his own expense to attracts customers to the Company.
1.3. Partner fully accepts that all the involved customers are customers of the Company.
2.1. A partner can provide potential customers with promotional information about the company, citing the relevant sections on the official website of the Company, as well as other information, which confirmed the reliability of the Company.
2.2. Partner guarantees the authenticity and validity of all contracts and documents that provide the Company Partner on behalf of the Client.
2.3. Partner must provide clients with the necessary accurate information relating to the registration of the Client to the Company`s website, provided clarification regarding the Company`s services.
2.4. Partner is obliged to inform customers about the risks associated with participation in currency trading.
2.5. The Company is not responsible for the consequences of providing partner clients guidance and advice on the conduct of operations on their account.
3.1. Partner undertakes to attract customers to register on the website of the Company on the terms offered by the Company.
3.2. Partner agrees to complete the registration form to open a partnership account with the Company, the authenticity of their personal data.
3.3. Partner must have general information on international financial markets, and be competent in the services provided by the Company.
3.4. Partner must own and inform customers about changes in the company.
3.5. Partner to provide comprehensive customer support, which belong to his group, time alerts about promotions and other company news.
3.6. Partner has no right to enter into sub agencies and other agreements (agreements, contracts), which can be transmitted powers Partner or a part thereof under this Agreement to any third party, except with the prior written consent of the Company. An assignment of the claim of the present contract is possible only with the consent of the Company.
3.7. Partner has the right to plan and carry out marketing activities and promotions.
3.8. Partner can implement input/output operations with cash affiliate account in accordance with the partnership agreement.
3.9. In case of problems associated with doing business and the provision of services offered by the Company, Partner must seek the advice of the Company, in its entirety by giving the information needed to solve the problem.
3.10. Partner has no right to conduct any transactions with the Customer`s trading account.
3.11. Partner has no right to organize monetary relations with the clients on behalf of the Company (including receiving cash payments and bank cards, etc.).
3.12. Partner has no right to involve customers, using illegal methods and techniques. By unlawful means and methods include: providing incomplete information about the risks arising when investing in financial instruments and certain, misrepresentation, deceit.
4.1. Open trading accounts under the Customer Agreement to clients, attracted by the Partner.
4.2. Enables clients to trade through the system established by the Company logins and passwords.
4.3. Exercise control over the activities of the Partner`s performance of its functions and duties under this Agreement.
4.4. The Company is obliged to carry out the calculation with a partner in the revenue by charging commissions on affiliate account.
4.5. The Company is entitled to request a full report on progress and achievements of the partner in attracting new customers.
4.6. Company agrees to pay Partner commission once a day.
4.7. Attracted by the Client Partner may not be a partner himself and his relatives and any other affiliates. If you find any data crossing the Partner and the Customer (such as passport details, address, phone number, e-mail, ip-address, etc.) The Company has the right to exclude from the list of login Client Partners and revoke accrued commission. The accounts are traded on an ip-address, equal to one active account, and in the case of intersection with the same name are considered to be affiliates and can not participate in the program.
4.8. In the case of non-fulfillment partner obligations under this Agreement, the Company has the right to exclude clients from his Partner Group.
4.9. Company is not responsible for the agreement between the Partner (IB) and the customers, including the distribution of rebate and clients funds are traded by the Partner (IB).
5.1. Registering Clients and recording them into Partner group getting done by following ways:
- - If you specify the Client Partner identification code in the form of opening a trading account;
- - Through the use of the Client Partner links to the official website of the Company.
5.2. The client has the right to deny service provided by the Partner and work directly with the Company.
5.3. Clients transfer between partner groups is prohibited to avoid unfair competition.
6.1. Partner may bring a claim to the Company in the event of a dispute. Claims must be made within five working days from the date of the grounds for their presentation.
6.2. The complaint must be issued in the form of an e-mail (e-mail) and sent from the Partner registered e-mail addresses in Company`s data.
6.3. It is the responsibility of the Company is to review Partner`s claim within 10 working days and to post a reply to its partners by e-mail.
6.4. All disputes arising from this Agreement shall be settled by negotiation.
7.1. Partner has no right to disclose any information obtained from the Company in joint activities, as well as information and data contained in this Agreement, throughout the term of this Agreement and five years after its dissolution.
7.2. Partner can not provide a competing third party confidential information relating to methods of the Company, the provision of its services.
7.3. Parties are required to keep confidential all information regarding clients personal data, data on their accounts and their transactions history.
8.1. Company agrees to pay Partner commission on forex instruments according to the rates mentioned in the table located in Partners area, Terms of payment section.
8.2. Company agrees to pay Partner commission on CFD instruments according to the rates mentioned in the table located in Partners area, Terms of payment section.
8.3. During the calculation of commission The Company may not take into account customers` transactions, undertaken by the imperfections of the trading platform, as well as to exclude such customers from the Partner group.
8.4. In the case of detection by attracting customer orders that are contrary to the regulations, the rules of the bonus system, or the rules of the competitions, as well as in the case of receiving commissions from accounts suspected of cheating, commission received from such accounts shall be revoked in its entirety, and Clients themselves - removal of the Partnership Group.
8.5. Commission is paid to the partner’s account once a day after the closing of the transactions of attracted clients.
8.6. The Company reserves the right to refuse payment of commission on transactions, the margin for the opening of which was provided only by means of bonus accounts - the bonus program participants. This rule can be applied to already accrued commissions and such members may be excluded from the Partner group.
8.7. Affiliate commission is not paid on the transaction, in which difference between the opening and closing price is less than the MTP value of the corresponding instrument.
8.8. If the client opened offsetting locked position, the amount of which is equal to the previously open one, the affiliate commission is charged at a rate of 50% of each deal.
8.9. If the client opened offsetting locked position, the volume of which is not equal to the volume of previously open one, commission of hedged volume is paid in the amount of 50% of each deal. Commission of unhedged volume is paid in full.
8.10. If the client opens locked position on the same trading instrument and the difference in points between the opening of one deal and the opening price of the offsetting transaction with another execution type (sell or buy) will be less than the value of «MTP» of appropriate instrument, the partner remuneration will not be charged on the hedged volume in lots.
8.11. Point 8.7. is no considered during the calculations of the partner's commission on the accounts Pro.
8.12. Partner's commission for each currency pair is specified in the "Terms of payments" in the partners area.
8.13. If account equity exceeds $10 000 dollars, the company reserves the right to reduce payment of partner remuneration in twice.
8.14. Partner’s remuneration per one deal cannot exceed $500.
8.15. The Company reserves the right to reduce partner remuneration twofold, if the partner does not attract active clients.
8.16. The Company reserves the right to change the amount of partner commission without notice, based on the market situation.
9.1. This Agreement may be amended or supplemented by the Company on an individual basis with prior approval of both Parties.
9.2. Any of the Parties to the Agreement have the right to unilaterally and without judicial procedures refuse to perform this Agreement, notifying the other Party at least one day in advance.
Client understands that the risk of suffering trading losses may be quite significant. Client should analyze his financial capabilities before engaging in trading operations.
Client realizes that he may completely lose his all initial funds and any additional funds used when trading on the market.
Client agrees that the company cannot be held responsible for client's losses caused, directly or indirectly, by the government restrictions, restrictions of foreign exchange or market rules, suspension of trading, military operations, or other conditions usually called the ‘force majeure circumstances' which lie beyond the company's control.
Client was informed about additional risks associated with the specifics of functioning of e-trade systems and the problems of Internet communication nodes.
Client bears full responsibility for the risks associated with the storage of trading account access data, and must ensure that third parties cannot access the trade terminals. Client's losses and risks associated with the restoration of access to the trading account place no obligations on the company, other than to provide new access data to the client upon sufficient and unambiguous identification of the client as the holder of this account.
What information do we collect?
We collect information from you when you register on our site.
When ordering or registering on our site, as appropriate, you may be asked to enter your: name, e-mail address, mailing address or phone number.
What do we use your information for?
Any of the information we collect from you may be used in one of the following ways:
To personalize your experience
(your information helps us to better respond to your individual needs)
To improve our website
(we continually strive to improve our website offerings based on the information and feedback we receive from you)
To improve customer service
(your information helps us to more effectively respond to your customer service requests and support needs)
To process transactions
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent, other than for the express purpose of delivering the purchased product or service requested.
To send periodic emails
The email address you provide may be used to send you information, respond to inquiries, and/or other requests or questions.
How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information.
We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to keep the information confidential.
After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be stored on our servers.
Yes (Cookies are small files that a site or its service provider transfers to your computers hard drive through your Web browser (if you allow) that enables the sites or service providers systems to recognize your browser and capture and remember certain information).
Do we disclose any information to outside parties?
We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.
Third party links
Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.
Terms and Conditions
Please also visit our Terms and Conditions section establishing the use, disclaimers, and limitations of liability governing the use of our website at www.weltrade.com
Refer a friend program conditions
Inviting trader – existing Weltrade Company client, who invites friends.
Invited friend – new company client, who is invited by the Inviting trader.
1.1. This promotion is created for Weltrade company clients who can receive bonuses by inviting friends.
1.2. Invited friend also can receive a bonus in case of registration by referral link from Inviting trader.
2.1. Each Weltrade company client can invite friend.
2.2. Friend's invitation is possible by sending the letter with invitation to open account in Weltrade Broker Company through the section "
2.3. Inviting trader can send no more than 100 invitations per day and no more than 2 invitations to one email address within 24 hours.
2.4. Invited friend has to be new company client. It is forbidden to invite the registered Weltrade clients.
2.5. The company can limit number of sent emails in case of SPAM suspicions or complaints from email's recipients.
3.1. Each Inviting trader who will invite friend according to clauses 1 and 2 of the present conditions can receive a bonus.
3.2. Invited friend can receive a bonus according to clauses 1 and 2 of the present conditions.
3.3. Inviting trader and Invited friend can check the status of the condition of minimum trade turnover performed by Invited friend for bonus activation according to the table in clause 3.11. of the present conditions through the section "Refer a friend" of the member's area.
3.4. Inviting trader and the Invited friend can transfer a bonus to the trading account for trade in case of condition performance of the minimum volume by Invited friend according to clause 3.11. of the present conditions.
3.5. If Invited friend funds some trading accounts or the safe, charge of a bonus is made according to the table in clause 3.11 for the maximum total deposit (the deposit minus withdrawal) which was made within 24 hours after the first deposit, or until commission of the first trade on the trading account.
3.6. If Invited friend has several accounts types, the bonus is charged only on one of them.
3.7. The minimum withdrawal amount of bonus funds on the trading account is 1 (one) U.S. dollar.
3.8. Bonus can not be transferred from one account то another.
3.9. Bonus can be credited only on the trading account and and is not withdrawable. Any profit got as a result of trades, made on bonus means, is available to withdrawal.
3.10. Trading bonus is activated only after performance of the minimum trade volume in standard lots by Invited friend according to the table in clause 3.11. of the present conditions.
3.11. Table of bonus payments on the promotion "Refer a Friend":
Necessary trade turnover of the friend in lots
$100 - 500
$500 - 1 000
$1 000 - 5 000
$5 000 - 10 000
more than $10 000
4.1. Bonus means are charged only on MT4 accounts types: Micro, Premium.
4.2. If the bonus account replenished with own funds, in case of drawdown, own funds of the client are lost at first from the account.
4.3. When Stop Out event is occurred, bonus funds are not renewable on the trading account.
4.4. The Company reserves the right at any time without notice and for any reason to cancel (charge off an account) the bonus given out earlier and also to revoke (cancel) all trades made with use of bonus funds.
4.5. The following trades aren't considered at calculation of the minimum trade turnover:
4.5.1. Trades, the duration of which is less than 2 minutes.
4.5.2. The Company reserves the right to cancel the calculated trade turnover if client's actions are directed on receiving a trade turnover by a manipulation with features of trade conditions, namely trades commission on one symbol with an identical volume in an opposite direction (BUY and SELL).
4.5.3. The trades made within 2 minutes on one symbol with an identical volume in an opposite direction (BUY and SELL).
4.5.4. The overlapped (hedged) volume of trade positions is not considered.
1.1. This Regulation defines the conditions whereby Weltrade (hereinafter the "Company") provides clients with a PAMM-account (PAMM-ACCOUNT) service.
1.2. PAMM-account service is intended to transfer the investment accounts of Investors to Manager for settlement of transactions in the financial markets in the interests of Investors. PAMM-account is designed for association of the investment accounts of Investors into a single trading account for management.
1.3. Manager is an agent of investor who provides account management using PAMM module.
1.4. All trading transactions on investment account can be performed only by the Manager.
1.5. All operations of funds deposit/withdrawal on investment account can be performed only by the Investor.
1.6. Settlements between the manager and the investor are made by the Company based on the terms of the Manager's offer.
1.7. Claims against the Company in respect of non-performance or improper performance of any obligations for trading operations on the investment account shall be made only by the Manager.
2.1. As a guarantee of compliance of investors' interests the Manager becomes an investor of his/her own PAMM-accounts by introduction of Manager's capital.
2.2. When registering PAMM-account the Manager's Capital is credited to the Manager's investment account.
2.3. Fees on the Manager's investment account are shall be not settled and are non-payable.
3.1. Manager's offer (hereinafter the "offer") means offering potential investors to create investment accounts as part of the Manager's PAMM-Account.
3.2. Offer consists of a set of parameters used by the Company for calculating the amount of the Manager's fee as well as the parameters that determine other terms of creating investment accounts as part of a PAMM-account.
3.3. Offer's terms are published on the Company's website.
3.4. Manager's offer consists of the following parameters:
- a. Trading interval;
- b. Manager's profit fee;
- с. The minimum amount (the amount of funds needed to accept the Managers' offer. This amount is the minimum fund balance on an investment account);
3.5. When the number of investors increases, the minimum amount of investment for new investors is adjusted automatically according to the following scale:
- - number of investors: from 1 to 100 – 25 USD;
- - number of investors: from 101 to 200 – 50 USD;
- - number of investors: from 201 to 300 – 100 USD;
- - number of investors: from 301 to 400 – 200 USD;
- - number of investors: from 401 to 1000 – 300 USD;
3.6. When the balance of PAMM-account increases, the rest of the Manager’s capital, which cannot be withdrawn, is adjusted automatically according to the following scale:
- - balance of PAMM-account to $4999.99 - the rest of the Manager’s capital, which cannot be withdrawn, is $200;
- - balance of PAMM-account from $5000 to $9999.99 - the rest of the Manager’s capital, which cannot be withdrawn, is $500;
- - balance of PAMM-account from $10000 to $19 999.99 - the rest of the Manager’s capital, which cannot be withdrawn, is $1000;
- - balance of PAMM-account from $20000 to $49 999.99 - the rest of the Manager’s capital, which cannot be withdrawn, is $2000;
- - balance of PAMM-account from $50000 - the rest of the Manager’s capital, which cannot be withdrawn, is $3000.
3.7. Manager using PAMM-account control settings can conceal his PAMM-account from the general rating of PAMM-accounts.
3.8. Manager using PAMM-account control settings can close the access to investments.
3.9. If the Manager's Capital includes bonus funds, to conceal PAMM-account from the rating, as well as close access to enter investments, is impossible.
4.1. Trading interval on an investment account begins with the last Saturday of each calendar month and runs until the next last Saturday of the calendar month.
4.2. Closing one trading interval means the beginning of the next trading interval.
4.3. At the end of each trading interval there is automatic fee settlement between the Managers and Investor but the investment accounts shall not be disconnected and the transactions shall be not closed.
5.1. Funds deposit to an investment account is made through initiating a request in the Personal Account.
5.2. When applying for funds deposit the corresponding amount is debited from the account of Investor's Safe. Currency of a safety deposit box and the currency of investment account shall be match.
5.3. Request for funds deposit is executed instantly.
6.1. Funds withdrawal from an investment account is made through initiating a request in the Personal Account.
6.2. Funds withdrawal is carried out on the account of Investor's Safe in the same currency as the investment account.
6.3. If the investment account balance is below the minimum investment amount set by the Manager, the funds withdrawal is only available by account liquidation by the Investor.
6.4. To withdraw the funds from the investment account it necessary to:
- a. Suspend trading on the investment account. When performing this operation all open positions on the Investor's account will be closed forcibly and the account will not receive any signals from the Manager.
- b. Specify the necessary withdrawal amount and confirm the action.
- c. Funds amount specified by the Investor will be transferred to the account of the Investor's Safe. Currency of a safety deposit box and the currency of investment account shall be match.
6.5. If there are open positions on any trading instrument, liquidate investment accounts or suspend trading on investment accounts are not possible on weekends, public holidays and during a break in the trading session.
7.1. Balance and investment account funds are calculated according to the following rules:
- a. each funds deposit increases the balance and funds by the amount of deposit;
- b. each funds writing off reduces the balance by the amount of withdrawal;
- c. each trading transaction on an account increases/decreases the balance and funds by the amount of the profit/loss on this transaction;
- d. payment of the Manager's fee reduces the balance and funds by the amount of fee;
7.2. The Manager's can be paid only with closed transactions and is calculated as follows:
(Closed Trade P/L - Floating P/L) * Success fee,
Closed Trade P/L is the total profit or loss on closed transactions of the investment account;
Floating P/L is floating profit and loss on all open transactions on the investment account;
Success fee is the Manager's profit fee.
7.3. When value is positive (Closed Trade P/L - Floating P/L), the Manager's profit fee is paid in the following cases:
- a. at the end of a trading interval on the PAMM-account;
- b. when suspending the trading by the Investor;
- c. upon liquidation of the investment account by the Investor;
- d. upon PAMM-account liquidation.
7.4. When value is negative (Closed Trade P/L - Floating P/L), Manager's fee shall be not paid.
7.5. The settlement between the Manager and the Investor shall be made by the Company within 24 hours after the end of a trading interval according to the terms of the Offer.
7.6. Trading results on the positions previously opened by the Manager shall not be applied to investment accounts that were included in PAMM-accounts later. All new Manager's transactions will be open on those investment accounts, which were included in PAMM-account prior to the fact of settlement of transactions by the Manager.
8.1. The Manager and the Investor ensure that:
- a. bear full responsibility for compliance with legal requirements, including (but not limited to) foreign exchange, tax and other laws of the country of residence, including full responsibility for conducting business on the onerous management of Investors' accounts;
- b. when registering as a customer of the Company, as well as filling all related documents hereto they specified their reliable data;
- c. completely read and fully understand the terms and subject of all accepted regulatory documents of the Company;
- d. fully understand the consequences of their actions with regard to execution of the Regulation.
8.2. In case of breach of the above mentioned guarantee the Manager undertakes by its own and at its own expense to resolve disputes and settle claims of third parties in connection with its management activity on the Investors' accounts.
8.3. The Manager and the Manager's Investor shall not disclose passwords from the trading platform and Personal account to third parties and undertake to ensure its safety and privacy. All actions related to the execution of the Rules and/or using a login and password are considered to be executed by those individuals. The Company is not responsible for unauthorized use of registration data by third parties.
8.4. The Manager and the Manager's Investor are not entitled to:
- a. undertake any obligations on behalf of the Company or put the Company under any obligations;
- b. use tradename and/or trademark of the Company;
- c. without any consent of the Company to publish or support the publication in the press of any announcements relating to the Company, as well as produce, distribute any tips (articles, letters) or support notes writing (articles, letters) in any newspapers, magazines and other periodicals, blogs, forums on the Internet relating to the Company;
- d. give any guarantees and/or promises, make any statements in relation to any payments on behalf of the Company or with the use of tradename and/or trademark of the Company;
- e. perform any other actions that would cause any damage to the Company or be the reasons of claims presented to the Company by third parties.
8.5. If as a result of violations of the requirements of this Regulation some claims were presented to the Company, the Manager undertakes comprehensively compensate all expenses (losses) incurred by the Company.
9.1. PAMM-account liquidation involves the liquidation of all investment accounts as part of PAMM-account.
9.2. PAMM-account liquidation may be initiated by the Manager by filing a request for liquidation in the Personal Account. All trading positions on the PAMM-account shall be closed.
9.3. PAMM-account liquidation can be initiated by the Company. Unclosed trading positions will be closed.
9.4. PAMM-account liquidation occurs automatically when the yield value is less than -95% at closing, and provided that the account balance does not exceed 10.00 USD and deals within the last 3 days were not opened.
9.5. Request for PAMM-account liquidation is executed instantly.
10.1. This Regulation shall enter into force for the Company's clients upon its adoption in Personal Account and terminate upon the termination of the Client Agreement.
10.2. Customer acknowledges that the Company has the right to amend the provisions of this Regulation at any time but no less than seven (7) calendar days before written notice to the Client about the planned amendments. Such amendments shall enter into force and become obligations for the Client from the date specified in the notice.
10.3. Written notice for the purposes of this Regulation is one of the following means of communication:
- a. E-mail;
- b. mailings;
- c. ads on the website of the Company.
11.1. The company does not guarantee a profit. Positive trading results in the past do not guarantee positive trading results in the future.
11.2. The Investor and the Manager take possible financial losses as a direct damages or lost profit as a result of the following risks:
- a. the risk of lack of skills and knowledge of the Manager required to manage the Investor's funds;
- b. the risk of non-serving interests of the Investors or fraud by Manager in relation to the Investors' funds;
- c. the risk of losing control of the PAMM-account by the Manager;
- d. risk of third-party access to the PAMM-account management;
- e. risk of misunderstanding or misinterpretation of the Regulation by the Investor and the Manager;
- f. risk of untimely filing the claims by the Manager to the Company in respect of the trading on the investment account of the Investor;
- g. the risk of unexpected delays in the transfer of funds between the accounts or delayed execution of requests for deposit/withdrawal or closing/liquidation of the investment account;
- h. risk of PAMM-account liquidation.
11.3. In the case of debt on the account, Manager and Investors are responsible in proportion to money invested.
11.4. The Company under any circumstances is not responsible for the occurrence of these risks and their consequences.
12.1. The Manager is not entitled to use the following words in the PAMM-account title: weltrade, systemgates, systemforex and their various interpretations.
12.2. All types of agreements which will be shared between the Company and the Clients under the conditions of this Regulation may be concluded by an exchange by mail, e-mail, fax or other communication that allows to determine that that the document comes from the Company or the Client.
12.3. If one or more of the provisions of this Regulation for any reason are invalid and unenforceable, such invalidity shall not affect the validity of any other provision hereof which remain in force.
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