The Customer acknowledges that he/she read, understood and accepted the Terms of Business as amended from time to time, in addition to any information contained within the Company’s website: www.ftdsystem.com

Eligibility

The following persons may not use the Website of the Company and Trading Platform, open an Account, enter into Transactions with the Company or use any of its services:

• Any person who is under the age of 18, or the age of legal consent for entering into Transactions with the Company and/or obtaining its services, under the laws of its jurisdiction, whichever is higher.
• Any person included in the List of Specially Designated Nationals and Blocked Persons maintained by OFAC, or is otherwise listed on a sanctions list maintained by the relevant authorities in the United Nations, European Union, United Kingdom or any person who resides in jurisdictions where the Company, at its sole discretion, does not offer its services

Verification

Customer needs to comply with the identification process and the proving of address, as the Company requires, in alignment with current Anti-Money Laundering Legislation. Thus, any governmentally issued and clearly scanned document – preferably the Passport, or the ID, for identification are acceptable by the Company. The Company also requires a recent (not older than 6 months) utility bill, or bank statement, for the proof of address.

The Customer must notify the Company of a change of address, or of any other change to the documents, that have been originally submitted, for approval.

In exceptional cases, the Company might enable a Customer that did not fully complete the registration - verification process to make a deposit and start trading, taking into consideration that the Customer filled in already the application form – online registration form (including the appropriateness test and Customer’s economic profile) and that the verification process will be completed within the next 15 days from the date of the Customer’s first deposit. This 15 days exception falls under certain requirements and it is up to the Company’s sole discretion to decide whether the Customer is considered to be low risk and therefore the exception might be granted.

 In case that such exception is granted and the Customer did not manage to complete the registration - verification process within the 15-day period, then the Company will terminate the relationship with the Customer immediately on the 15th day and the Customer’s account including any open trades will be closed. Any remaining/outstanding balance shall be returned to the same venue from where the deposit was originated. The returned funds shall include any profits gained and/or losses incurred. Customers that wish to deposit via other payment methods, will not be entitled to this exception. If a Customer that met the requirements above, deposited and started with the trading activity, but decided to proceed with a withdrawal request, then the Company will return to the Customer the outstanding balance (including any profits that the Customer has gained and/or losses incurred) to the same venue from where the deposit was originated. It is noted that by implementing the said exception, the Company might decide to enforce additional enhanced due diligence measures.

In the case where a Customer is a legal person, the Customer is obliged to obtain a legal entity identifier (LEI) from an appropriate authority duly licensed to provide legal entity identifiers. In the case of a legal person, the Customer may not (where provided by Applicable Regulations) be able to execute any transactions with the Company if it does not possess a legal entity identifier.

In case following opening and approval of an account, it is revealed that the Customer is a resident in a country or region in which we consider that the provision of the services offered by us is prohibited, we shall have the right to suspend all activity in the Account and to take the following action: If you have not commenced trading, the balance outstanding in the Account will be refunded to the account from which the funds originated. Refunds may take up to (ten) 10 days to reach that account. If you have already traded during this period, you agree to authorize us to close out any open positions held by you at the closing prices prevailing on the day of the closeout and credit or debit the proceeds to the Account.

Where there is a balance outstanding in the Account;

• if the Account is in credit and if the balance is equal to or less than the initial sum deposited, the amount will be returned to the bank account from which the funds originated;
• if the Account is in credit and if the amount is more than the initial amount deposited, the amount deposited will be refunded as mentioned above. The treatment of any remaining balance will be resolved by our Compliance Department.

The Customer is kindly reminded that the information shared with us, is kept under strict confidentiality.

 On his/her part, the Customer should safeguard all his/her private information, like the access codes to the Platform (account number and password) and access to the private secure area (user name and password). Customers must never share this information with anyone else. The Customer shall be solely responsible for his/her trading account(s) opened with the Company – thus, the Customer should notify the Company immediately, if the access codes are used by someone else.

Fund transfers will be made only to the originating bank account. We will not make any fund transfers to any account in the name of any third party or to another account in your name. In cases where funds have been deposited using multiple bank accounts, funds will be transferred to the originating bank account(s) using a ‘first-in’, ‘first-out’ basis, unless we agree otherwise.

FTD Limited does not impose any taxes on the funds deposited by the Customers.

The Company is not liable to inform Customers as per taxation issues a Customer should rather consult local Accountants, or other qualified professionals accordingly.

The Company is not liable for any losses of the Customer’s investment and hereby warns the Customer not to invest any capital, the loss of which the Customer cannot afford to suffer.

The Customer hereby acknowledges that the Company is not liable, in case of failure to satisfy this Agreement, due to reasons beyond its control, including, but not limited to acts of God, natural disasters, strikes, etc.

Acceptance of these Terms and Conditions automatically means that the Customer shall indemnify the Company against any loss, damage, liability, cost, and any expense related to the Customer’s breaching of any of these Terms of Business.

The Customer should not invest directly or indirectly in Financial Instruments unless the Customer knows and understands all the risks involved in trading the products of the Company. Before the Customer proceeds to open an account, the Customer should assess their own suitability for investing in a specific Financial Instrument, according to their risk profile, special circumstances, and financial resources.

The Customer fully understands that FTD Limited provides absolutely no advice on the Customer’s investments or other sorts of advice. The Customer is solely responsible for any loss suffered. If the Customer does not understand the risks involved in trading Financial Instruments, offered by the Company, the Customer should seek advice and consultation from an independent financial advisor. If the Customer still does not understand the risks involved, the Customer should not trade at all. We strongly advise the Customer to read our full Risk Disclosure Statement.

Updates of this Agreement may be posted from time to time, so please stay informed of the latest version through our website.

It is the Customer’s responsibility to seek such updates. As the most recent version of this Terms of Business Agreement supersedes the previous ones, continued use of our services will be deemed as agreement to our updates.

This Terms of Business shall be interpreted and applied under the material and procedural law of the British Virgin Islands irrespective of the provisions of laws of other jurisdiction which can be involved in the course of performance of the Terms of Business.

The Customer irrevocably 

1. agrees that courts of the British Virgin Islands shall have the right to exclusive jurisdiction which determines any proceedings in relation to this Agreement;
2. submit to the jurisdiction of courts of the British Virgin Islands;
3. waives any objection in relation to legal proceedings in any of such courts;
4. agrees not to file claims that such legal proceedings are held in an inconvenient forum or they are invalid in relation to the Customer;
5. Agrees that any decision of the court of the British Virgin Islands made in respect of this Agreement shall be final and binding for the Customer.