Slingstrade is the Brand name of Keymarket Solutions Pvt. Ltd.
By Clicking on Register on Slingstrade.com, The client accepts that He (The Client) has read , Understood and Agreed to Terms and conditions of Keymarket Solution Pvt. Ltd.
The Account means a trading Account of The client, designated with an unique Natural Numbers.
The Client : A human or an entity or firm who has legal rights in the country of domicile and has registered on the website of Slingtrades.com ; accepting the Agreement.
The Account : The trading account for transaction which the company has assigned for the client.
The Account Access : the username and password generated by computer system and send to The client’s registered email ID for accessing the Trading Platform.
Trading Statement: the periodic statement of the Transactions, trade and bonuses credited or debited to an Account.
Margin – It is the borrowed funds from a broker to trade a financial assets . It acts as collateral that an investor has to deposit with their broker or exchange to cover the credit risk.
Used Margin : It is the total amount that you have utilized against any open positions.
Available Margin : It is the total amount of funds that you can use to open a new Position.
Balance – The account value excluding P&L from open positions . It equals the fund invested and the P&L from your current closed positions.
Segregated Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds.
Equity – Your current account value . It is the sum of balance and P&L from open positions.
P&L : Statement of profit and Loss
Net P&L : It includes all charges and adjustments such as Financing , Dividends, Rollover , conversion fee and margin adjustment.
Limit Order – A facility to open or close a Trade on future price which is executed in accordance with the Company’s Order Execution Policy.
Position : It is an outstanding Transaction for the sale or purchase of a Financial Instrument, held in the Account, which has not yet been closed.
Spread : The difference between the ASK price and the s BID price of a financial Asset, at a given moment.
Slippage : It is the difference between the expected price of a trade and the price at which the trade is executed.
Account Currency : It is the currency you choose when you open a trading account. All your profits and losses will be converted into that particular currency.
Leverage : It refers to debt to amplify returns from an investment.
Registration: The Client’s application to open an Account with Slingstrade which includes the provision of the Client’s personal and financial details and the identification and verification of the Client by Slingstrade which will conclude in either opening an Account or the rejection of the application.
Trading Conditions: It is the specific trading conditions mentioned on Slingstrades.com Website. It includes trading hours, minimum and maximum trading quantities, expiration dates, margin requirements, instrument specifications, Bonus Term and Condition and trading rules.
CFD : A contract for differences (CFD) is a financial contract that pays the differences in the settlement price between the open and closing trades. including interest adjustments , spread and Overnight Financing, if applicable.
Expiry Date – A date or time mentioned on the Company’s Trading Platform to various Financial Instruments, upon which any open position will expire and automatically close or carry forward with rollover charges (If Applicable).
OTC (Over The Counter ) international financial markets in which currency and other financial instruments exchange rates (including commodities) are determined in multi-party trade.
Force Majeure – An event beyond the control of the Company, which prevents the Company from complying with any of its obligations under this Agreement, including acts and regulations of any government , the occurrence of an excessive movement in Financial Market , any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure; to perform its obligations.
Laws and Regulations – the laws governing the establishment and operation, the regulations, arrangements, directives, circulars and customs of the Financial Services Commission (FSC), and any other authorities which govern the operation of the Company, as they are amended or modified from time to time.
Forex trading is not suitable for all the investors. It carries a high risk.
The client accepts that all the applicable documents Company may require in its sole discretion to open and allow to use the Slingstrade trading platform to trade.
The Client accepts that the any information provided by company or its representatives doesn’t constitute investment advice and there is no assurance or guarantee on the expected results of any transactions.
The Client accepts that the Company makes no representations whatsoever , to the legality of the Services in the Client’s jurisdiction. It is the Client’s obligation to verify the relevant laws in the Client’s jurisdiction before registering the trading account with Slingstrade.
The Client is provided with a limited, personal, nontransferable, non-sublicensable right, throughout the term of this Agreement, to access and use the Trading Platform.
The Company shall have the right to add, modify, or remove any of the Trading Financial instruments without liability under this Agreement. The Client agree to accept such modifications as part of this Agreement.
The Trading Platform is free from viruses or anything else that has
contaminating or destructive properties including where such results in loss of or corruption to the Client’s data or other property.
The Client accepts and understands that the Company reserves the right, in its sole discretion, to terminate or limit its access to the Trading Platform, if the Company suspects any unlawful use of trading platform.
The user name and password of trading platform should not be disclosed to any other person.
The Client is responsible to notify the Company immediately if it comes to its attention that its user name and password have been discovered or disclosed or are being used by an unauthorized third party. The Company may investigate such matter, and the Client will cooperate with the Company during the course of such investigation.
The Client understand that the Company bears no responsibility if unauthorized third persons have access to information, including electronic addresses, electronic communication and personal data, when the above are transmitted between the Client and the Company or any other party, using the Internet or other network, telephone, or any other electronic means.
Any person who is above 18 years of Age and has a legal right in the country of his/her domicile can open an account and trade.
The Client will be required to successfully conclude the Registration Process as determined by the Company, from time to time, at its sole discretion.
The Client will be requested to provide the identification details and documents ( an identity card or passport, proof of residence such as a recent utility bill, and proof of the Client’s payment method),
A joint Account (collectively the “Joint Owners”), each joint owner shall be required to separately complete the Registration Process.
The Client accepts that all information provided to the Company will be true, accurate, up to date and complete and that the Client will update the Company in writing or through the Trading Platform upon any change to the information.
The Client agrees that the information obtained from the Client may be used by the Company to conduct identity, fraud, AML, credit and other checks and hereby authorized the above entities to conduct the above checks. The Company will use all the information obtained from the Client in accordance with its Privacy Policy.
The Client agrees that the Company may freeze the Account, either by prohibiting additional deposits, declining Orders, declining or delaying any withdrawal requests, refunding balance to the deposit source, terminating existing Positions, subject to Applicable Law on the reasonable grounds to suspect that the Account constitutes or may constitute an Anti-Money-Laundering and Prevention of Terrorism Financing or other regulatory risk, The Client agrees that the Company shall not be liable for any loss, damage or expense of any kind which the Client may suffer as a result of such cases.
The Client agrees and accepts that all Transactions will be performed only through the Trading Platform provided by the Company and the Financial Instruments are not transferable to any other Trading Platform whatsoever
The Client accepts and agrees, he/she will not use the Trading Platform or give an Order or enter into Transaction within the definition of market abuse or in any other abusive way, including Robot trading or any other practices which are illegal and are utilized to give the Client an unfair advantage .
The Client shall will not use any software for the purpose of automatic/algorithm trading in his trading Account.
The Client will not allow any third party (including a relative) other than an Authorized Person to use its Account.
The Client accepts and agrees that the internet may be subject to events which may affect the Client’s access to the Website or Trading Platform, including interruptions or transmission blackouts. The Company is not responsible for any damages or losses resulting from such events or for any other losses, costs, liabilities, or expenses which may result from the Client’s inability to access the Website or Trading Platform or delay or failure in sending Orders.
The Client approves and authorize the Company to Credit the Client’s Account for all deposits, realized profits, dividends and Overnight Financing;
The Client approves and authorize the Company to Debit the Client’s Account for all withdrawals, realized losses, dividends, Overnight Financing and Fees; and do any other adjustment in the Client’s Account as the Company may deem necessary in its sole discretion, acting reasonably and in accordance with the term of this Agreement.
The client approves and agrees to re-cover the negative balance from his/her trading account.
The Client has right to withdraw his available invested amount at any time.
The withdrawals will be processed within the five working days from the time client places the withdrawal request.
The withdrawal will be initiated by the Company without delay and in accordance with applicable law. Upon receiving a withdrawal request, the amount requested will be deducted from the Balance.
The Client is responsible to pay any incurred bank transfer fees when withdrawing funds from the Account to its designated bank account. The Client is fully responsible for the payments details that it has provided to the Company and the Company accepts no responsibility for the Client’s funds if the Client’s given details are incorrect.
The Withdrawals will be initiated to same source, the client has used to fund the trading account (Same remitter) ; Withdrawals of profits may only be transferred to a bank account under the Client’s name. The Company reserves the right at its sole discretion to decline a withdrawal with specific payment method and to suggest another payment method where the Client needs to complete a new withdrawal request.
The Client accepts and agrees that due to Low liquidity, news announcements, political or economic events may result in wider spread to specific or all financial instruments. The client take responsibilities to update themselves and do the needful to safeguard their open positions.
The Company reserves its rights to add or remove any Financial Instruments from its Trading Platform by serving a notice period of two weeks.
The client can place and execute market orders of any financial instruments during the trading hours only.
Once a Market Order is placed by client, it cannot be revoked.
The company may terminate the trading account If the Company reasonably suspects that the Client uses unauthorized or unfair or fraudulent trading practices.
The Company will convert the realized P&L into the Client’s Account base currency at Company’s prevailing currency exchange rates at the time of such closing.
The Client accepts and agrees that it is the Client’s responsibility to make itself aware of adjustments, costs and Margin Requirements that apply during Contract Rollovers.
The Margin requirements for different types of Financial Instruments are displayed on the Trading Platform. However, the Company reserves the right to determine specific Margin requirements.
The Client accepts and agrees that the Margin requirements are subject to change without notice. Up to-date margin requirements are displayed on Trading Platform.
Negative Balance Protection : The Account’s Equity (including any outstanding Extra Margin) reaching zero, as calculated by the Company, the Company will automatically close all Client’s Positions, at the price then offered by the Company. It is the Company’s policy that the Client’s Equity in the Account will never fall below zero. In the event that a Position is closed at such price causing the Equity to fall below zero due to price gaps, the Company will waive its right to receive the balance from the Client.
The client agrees and accepts that CFDs are subject to a daily credit or debit of interest adjustments calculated on the basis of the relevant Inter-Bank interest rate of the currency in which the underlying asset is traded and may also include a mark-up spread (Overnight Financing).
The client agrees and accepts that Inactive accounts are charged with a quarterly maintenance fee of US$15 if the account is dormant for 6 months.
The wire transfer fee of $20 will be charged if the Withdrawals are made through wire transfer.
The Company will not be responsible for information received via the Internet for any loss which the Client may incur as a result of inaccurate information.
The client accepts and agrees that the Company will not be held responsible for any damages, directly or indirectly, caused to the client due to decline of a deposit by any bank of credit card or payment service provider or due to a failure to send or receive credit card transaction or other online payment regarding any communication means.
The client agrees and accepts that using artificial intelligence including robots is prohibited on the trading platform.
This Agreement will be effective once client register himself on company’s website and will be valid for an indefinite time period until the account termination in accordance with the terms of this Agreement.
The client accepts and agrees that the Agreement may be amended, modified, updated or changed unilaterally by the Company . Any such changes will be notified to clients through the email.
The Company has the right to terminate the Agreement by at least seven 7 (seven) days prior written notice and Vice versa.
The Client agrees and accepts that no representations were made to him by the Company which have persuaded him to enter into this Agreement.
The Client accepts and agrees to provide documentation requested by the Company which may be required for the execution of the transactions.
The client accepts and agrees that all the conversation between company representatives and him will be recorded for service quality assurance.
The client acknowledge that The Introducing Broker is a totally separate entity and They are not an Employee of the company.
The Company provides risk disclosure information to all new Clients when they open an account. Client should read that information carefully.
If Introducing Broker or any other third party provides Client with information or advice regarding foreign exchange trading or any of the services provided by the Company (including by courses, programs, research or written or oral recommendations), the Company will not be responsible for any loss to Client resulting from Clients use of such information or advice.
Client understands and agrees that if a client is introduced by Introducing Broker that Introducing Broker may be provided access to certain personal information about the Client as well as certain information concerning the Client’s trading, depositing and withdrawal activity. By clicking on “Accept and Continue” on the registration page, the Client acknowledges and agrees that if the Client was introduced by an Introducer Broker, the relevant introducer may also be remunerated by the Company in respect to the Client’s trading activity on the Trading Platform.
The CFD has an expiration date, and clients should close their CFD positions until this date. If the client didn’t close the trade on or before expiry date , a premium will be added or subtracted from the client’s trading account based on the difference in price between two future contracts.
The calendar of CFD Expiration Dates will be on the website.
The company offers a number of reward to new and existing clients, including pending bonuses and trading bonuses. These bonuses are limited time offers and the terms and conditions associated with any bonus reward are subject to change. You will be given the opportunity to accept or decline any bonus reward you are offered.
The Client should be well aware that Forex transactions carry a high degree of risk. A relatively small market movement may have a proportionately larger impact on the funds that the Client has invested or will have to invest. This may work against as well as for the client. The company reserves the right to widen its variable spreads, adjust leverage, change its rollover rates and/or increase the margin requirements based on market conditions. The client understand and agrees to market volatility and its impact on trading.
The minimum withdrawal amount is $10. The withdrawal will be remitted to same source of investment.
The minimum withdrawal amount request for wire transfer is $100. The wire transfer fee of $20 will be charged from the client.
If the client withdraws the invested amount without trading ; 15% of total investment will be charged as a processing fee.
An individual who are at least 18 years of age, will qualify to open a trading account with us.
Slingstrade reserve the rights to accept or reject funds deposited by client if the KYC criteria not met.
A finance charge will be levied on all open position if the positions aren’t closed on the same trading day. It will be credited or debited to client’s trading on the next trading day.
The Client hereby authorizes Slingstrade to add or subtract the premium to or from Client ‘s account for any open transaction that have accrued a premium.
The client accepts and agrees that the company is authorized to cancel or remove profit and loss due to arbitrage trading on prices offered by our platforms as a result of systems errors.
The Financial Market is open from 21:00 GMT Sunday to 21:00 GMT Friday every week, excluding public holidays where the Forex market does not operate or low liquidity in the financial instruments.
The Client accepts and agrees that he/she will not proceed to any public defamation of the Company or the distribution of misleading information, inter alia on social networks, blogs and websites. In case of such criminal actions, the Company will reserve all its legal rights.
The company will be not liable for any act taken by or on the instruction of an exchange, clearing house or regulatory body.
The client accepts and agrees that the company will not provide any interest on the balance of your account.
The client understand that low margin will result in automatically closing of open positions.
The client acknowledge that we provide general financial product advice in the form of trading recommendations, market commentary or other information: It is provided solely to enable you to make your own trading decisions and does not constitute personal financial product advice.
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