This agreement is legally binding and should be reviewed carefully. This legal contract is entered into by HXFX, its successor or assignor, in conjunction with the contracting party of this contract (the “Customer”).
HX Investments Limited ("HXFX") is a company registered under the law of Saint Vincent and the Grenadines with registration number 23915 IBC 2017 and the registered office is First Floor, First St., Vincent Bank Ltd Building, James Street, PO Box 1574, Kingstown, VC0100, Saint Vincent & the Grenadines. The company is authorized as an international commercial company under the International Business Corporation (Amendment and Merger) Act 149 of the St. Vincent and the Grenadines Amendment Act of 2009.
Trading in leveraged forex products involves potential benefits and losses and does not guarantee absolute profit or loss. If the trade is unfavorable, the loss may exceed the amount originally invested. Fluctuations in the price of a trade are affected by a variety of global factors. Most of these factors are difficult to predict, and sharp price fluctuations may result in investors not being able to settle the loss of trading. Although HXFX staff keep paying attention to market conditions, they cannot guarantee any accuracy of prediction, nor can they guarantee that any loss will not exceed a certain amount.
Please read the entire agreement carefully before signing this agreement. Note: The legal effect of this agreement is the same as the legal effect of signing the agreement in person through the online account holder's representative. HXFX will promptly upload the latest revised agreement content, and customers need to check it by themselves to protect the right to know.
This brief statement does not disclose all risks and other important aspects of forex products. Given the risks involved, customers should be aware of the nature of the transaction and the level of risk it will face before participating in the transaction. Forex product trading is not suitable for the general public. The client must carefully consider whether the transaction is suitable based on the client's investment experience, purpose, financial resources and risk tolerance. Customers should consult legal and other professional advice before opening an account and starting a transaction.
Forex product trading is accompanied by high risks. Relative to the price of forex products, the initial margin amount may be smaller, so that the transaction will be leveraged. Even small changes in the market can have a relatively large impact on the funds that customers have or will deposit: it may be beneficial to the customer and may be disadvantageous. Customers may need to bear the initial deposit and any additional funds that the customer deposits into the company in order to keep the position unresolved. If the market changes are unfavorable to the customer or result in a decline in the margin level, the customer may not be able to maintain the position in time to maintain the position and be liquidated in the event of a loss, the customer will be responsible for the resulting losses.
Orders that are intended to limit losses/profit to a specific amount (such as a “stop loss” order, or a “stop profit” order) may not be implemented. If the order is a limit order, there is no way to guarantee that the order will be executed at the limit price or will be executed. Some strategies for combining physical positions, such as spreads or the same price, may have the same risks as simply “long positions” or “short positions”.
Additional risk of other transactions
Most electronic trading facilities use a computer-based system for the delivery, execution, matching, registration, and transaction clearing of trading orders. Like all facilities and systems, they are susceptible to temporary failures. The ability of a customer to recover certain losses may be limited to: limited liability set by the system provider, market, clearing house, and/or company. These limited responsibilities may vary.
Different from the operation of open outcry trading, electronic trading will give customers the opportunity to encounter problems caused by computer hardware, software and Internet transmission errors, resulting in the customer's instructions being unexecuted or not executed at all. It is important to understand the risks and not to pass on third-party risks to HXFX.
In some jurisdictions, and only if limited, companies may be allowed to conduct off-exchange transactions. These transactions may increase the client's investment risk because the company may be the client's counterparty. Over-the-counter trading is generally less regulated or regulated by an independent regulatory body. Therefore, when making a transaction, the client must have a detailed understanding of the trading rules and the risks that may arise.
Transactions in other jurisdictional markets, including those that are formally connected to the local market, may expose customers to other risks. Under the rules of those markets, investors may be protected differently or even reduce the protection of investors. Customers should ask for any rules related to customer transactions before the market opens. The client’s local regulatory authority will not be able to enforce the regulations of the regulatory authorities or markets in other jurisdictions where the client’s transactions are located. Clients should determine and understand the compensation available to their location and other jurisdictions prior to the transaction.
Before the customer starts trading, the client should be aware of all commissions, fees and other fees payable. These charges will affect the customer's net profit (if any) or increase the customer's loss.
Market conditions (such as liquidity) and/or operating regulations in certain markets (such as suspension of trading of any forex products due to price restrictions or suspensions) may increase the risk of loss, as the completion of the transaction or the liquidation and hedging position. It becomes very difficult or impossible. Moreover, the normal price relationship between related assets and forex products may no longer exist, and the reference price of related assets is lacking, making "fair" prices difficult to judge.
Clients must be familiar with the various safeguards relating to “money and property deposited for local or foreign transactions, especially when the company is insolvent or bankrupt. The extent to which customers can recover cash and property is subject to specific legislation or local rules. In some jurisdictions, when the debt is cleared, the property that is specifically marked as a customer will be distributed proportionally with the cash.
Notice to customer: If the trading activity is disrupted by force majeure, the customer's order may not be executed under conditions that are less than normal. Force majeure situations include but are not limited to the following:
Regarding the opening of an account at HXFX to engage in forex product investments in contracted units in the form of deposits through the over-the-counter market (hereinafter referred to as "OTC"), physical delivery is not involved. The Client acknowledges that the following factors regarding leveraged OTC transactions are known and the Risk Disclosure Statement provided to the Client.
Since HXFX does not have the ability to control signal data, the stability of signal data transmission over the Internet depends on the reliability of the structure or connection of the client device and internet service provider. HXFX is not responsible for the distortion or delay of communication failures occurring in transactions on the Internet.
Forex product trading involves considerable risk and is not suitable for everyone. Please refer to the customer agreement for a detailed description of the risks. Regardless of how convenient or efficient online trading is, this does not reduce the risk of forex trading.
The Client understands and confirms that the Client's trading password must be kept strictly confidential and that the Customer is the sole authorized user of the Trading Password. At the same time, the Client agrees to assume full responsibility for any trading instructions issue to HXFX using its trading password (whether authorized by the Client and approved by HXFX). Traders are not liable for losses caused by the execution of trading orders by customers. If the customer reveals the transaction password to a third party, regardless of whether the password is intentional, unintentional or erroneous, the customer must be responsible for all transactions, losses and expenses. HXFX does not need to responsible for the losses, expenses and expenses incurred on performing any transaction after verification of the password.
When certain quotations or transaction prices are in error, HXFX will not be liable for account balance errors caused by this error. These errors include, but are not limited to, a trader's wrong quote, a non-international market price quote, or any quote error (e.g. hardware, software or network issues, or incorrect data provided by a third party). HXFX is not responsible for the account balance caused by the error. When placing an order, allow enough time for the system to execute the order and calculate the required margin. If the execution price of the order or the order setting is too close to the market price, it may trigger other orders (regardless of the order type) or issue a margin reminder. HXFX will not be liable for margin calls, account balances or account positions resulting from insufficient time for the system to execute an order or perform an operation. The above shall not be deemed to be the entire content. HXFX reserves the right to make any corrections or adjustments in the event of a quotation or execution error. Any dispute between the quotation and the transaction error can only be resolved by HXFX at its sole discretion. In the event that HXFX has any loss, damage or liability, Customer agrees to indemnify HXFX from damage.
Errors in the Internet's online delays and quotations sometimes cause quotations displayed on the HXFX trading platform cannot accurately reflect real-time market prices. "Arbitrage", or the use of spreads for profit due to network delays, cannot exist in the OTC over-the-counter market. HXFX does not allow customers to perform such arbitrage on the company's trading platform. Transactions that rely on arbitrage opportunities due to price lags may be revoked. HXFX reserves the right to make necessary modifications and adjustments to the accounts involved in the above transactions. HXFX may, at its sole discretion, require traders to intervene or verify all orders and terminate the accounts of the relevant customers. HXFX is fully capable of resolving disputes arising from the arbitrage or manipulation of prices. HXFX freezes the customer's right to withdraw funds until the above issues can be resolved. Any action or resolution stated herein does not relieve or impair HXFX's rights or remedies against the customer and its employees.
HXFX prohibits any account from operating on its price and in any manner (including but not limited to third party transactions that are not approved by HXFX). If HXFX suspects that any account is in control, HXFX reserves the right to investigate and review the account and deduct the profit earned from the activity from the suspected account. HXFX reserves the right to make necessary corrections or adjustments to the relevant account. For accounts suspected of manipulation, HXFX may, at its sole discretion, require the trader to intervene, approve the order, or terminate the account of the customer. Any dispute arising from the arbitrage and or manipulation is completely resolved by HXFX. HXFX may, at its discretion, report the incident to any relevant regulatory or law enforcement agency and will not notify the relevant customer of the incident report. Any action or resolution stated herein does not relieve or impair HXFX's rights or remedies for the Client and its employees, all of which are expressly reserved.
The transaction between the customer and HXFX is not carried out on the exchange. Once HXFX goes bankrupt, the customer may recover the funds from the HXFX about the funds deposited or earned in the transaction and may not receive priority repayment. Without priority repayment, the customer is an unsecured creditor and will be compensated with other creditors after paying those priority claims.
9.2.1 HXFX may, at any time, notify the Client ("Interference Notice") if it is considered that the market conditions of the relevant financial markets in the relevant currency are seriously disrupted.
9.2.2 The relevant circumstances include that HXFX believes that in the daily business process of HXFX, the position of the relevant currency cannot be obtained in the relevant financial market, or the position of the above position is changed due to domestic or international financial, political or economic conditions or forex control. It is not feasible.
9.2.3 Upon the issuance of the Interference Notice, HXFX's liability will be temporarily suspended and HXFX will negotiate other arrangements with the Client. If the parties reach an agreement before the pricing date, such other arrangements will take effect. If the parties fail to reach an agreement within the period, the respective responsibilities of the parties in accordance with the relevant transaction will be released.
HXFX does not supervise the activities of the introducer and is not responsible for any statements made by the introducer. HXFX and introducers are completely independent of each other. The direct agreement between HXFX and the Introducer does not establish a joint venture or partnership relationship. The introducer is not an agent or employee of HXFX.
HXFX agrees that the Client opens and holds a trading account and may provide the Client with the purchase or sale of OTC (as defined in the Customer Notice above) through the Customer's HXFX Account.
The term "HXFX" includes HXFX, its divisions, heirs and assignors. The term "customer/client" means the party (or parties) that entered into this Agreement. The term "Agreement" includes all other agreements or authorizations that the Client has entered into at any time to maintain his HXFX Account. The paragraph headings of this Agreement add for the convenience of the examination and do not limit or affect the application and meaning of the paragraphs.
This Agreement (including the Risk Disclosure Statement, Customer Notice, Disclaimer and Customer Agreement) will continue to be valid and will cover all accounts opened or reopened by HXFX at any time, regardless of any HXFX or other heirs or personnel changes in the assignor or affiliate. In the event of a merger, merger or other change, this Agreement (including any authorization) will be in the interest of HXFX or other successors or assignors and will be directed to the Client and/or its successors, Principals, Managers, Legal Representatives, Successors and The assignor is binding. Customer may only trade on HXFX after confirming this Agreement and agree that the Client's rights or obligations with respect to this transaction are governed by the terms of this Agreement.
This Agreement may only be deemed accepted by HXFX or as a binding contract between Customer and HXFX, only after HXFX has confirmed and approved.
HXFX can match and/or release the market for some or all of the customer's orders. HXFX is authorised to purchase or sell OTC customers accounts in accordance with customer orders to counterparties such as banks, institutions or senior participants. Unless the customer objects in writing, HXFX is authorized to execute all orders with counterparties such as banks, financial institutions or senior participants as deemed appropriate by HXFX. As long as HXFX does not receive a written notice from the customer to inform the licensor (including the customer's senior staff, partner, legal person) to be authorized, HXFX will treat the customer as agreeing that HXFX has the right to conduct OTC according to the instructions issued by the customer or its licensor. Buy or sell.
The Client authorizes HXFX to rely on and perform any instructions, authorizations or information obtained from the Authorizer. The resulting method is transmitted electronically. Therefore the customer agrees:
All transactions under this Agreement are governed by customary, usage, rulings and interpretations of the jurisdictions or other interbank markets (and their clearing organizations, where applicable) governing the execution of the transaction, and enforcement. If any statute passed thereafter, or any regulation passed by any government agency, binds, affects or conflicts with HXFX to any provision of this Agreement, the affected clause will be deemed to have been altered or replaced by the relevant statutes, and other Terms and conditions after the change will continue to be fully valid. The Client acknowledges that all transactions under this Agreement are subject to the aforementioned regulatory requirements.
The Client hereby acknowledges and agrees that there may be a situation in which a certain salesperson, a director, an affiliate, an affiliate, an employee, a bank or bank employee, a dealer and HXFX itself may be a customer account transaction related to HXFX as an opponent broker or principal. The Client hereby agrees to carry out the above transaction, the only restrictions being any possible regulations or regulations relating to the Bank, the institution, the Exchange or the Trading Commission that execute the Purchase Order, or any other restrictions and conditions of the other regulatory body.
If the following occurs:
a) use HXFX to deposit or control funds or property for the customer to cover the debts that HXFX has to the customer directly or because of the guarantee;
b) trading any forex product position held by the customer; and
c) Cancel any or all outstanding orders, or any other commitments made on behalf of the customer.
Any of the above actions may not be conditional on:
- Ask the customer to provide a margin or margin call, or notify the client, the individual representative, the heir, the principal or the assignor of the client in advance, regardless of whether the ownership interest involved is unique to the customer or shared with others.
- HXFX reserves the right to clarify a long or short position of a client in order to establish a price difference or a price match that HXFX judges to be useful to protect or reduce a customer's existing position.
- According to HXFX's judgment and discretion, the purchases and sale described herein may be conducted through any interbank or other frequently traded market, or sold in public auctions. HXFX may purchase all or part of it without redemption. .
- Upon HXFX's request, the Client will be responsible for the arrears of his account at any time and will be liable for any remaining debts at any time when his account is closed by HXFX or in whole or in part. If the funds realized by the liquidation under this authorization are insufficient to pay the debt owed by the customer to HXFX, upon request, the customer will immediately pay the outstanding debts, all outstanding debts and the corresponding interest (calculated as follows: provided at the main bank) The preferential interest rate is based on 3% or the highest rate prescribed by law, choose the lower one), and all charges, including attorney fees, witness fees, travel expenses, etc. If HXFX pays for the customer's account in addition to the fees charged for the arrears, the customer also agrees to pay such fees.
Clients understand that investing in leveraged or leveraged trading is speculative and involves a high degree of risk and is only suitable for those who are able to bear the risk of losing more than their margin deposits. The Client understands that due to the low margin required for OTC transactions, the price changes of the OTC may result in considerable losses that may exceed the client's investment and margin deposits. The Client warrants that he is willing and able to bear the risk of OTC transactions financially or otherwise, and the Client agrees not to pursue HXFX's trading losses for trading losses or recommendations made by HXFX or its employees/agents or representatives have no responsibility. The client realizes that it is impossible to guarantee that the OTC transaction will be profitable or not. The Client acknowledges that he has not obtained a profit guarantee from HXFX or any of its representatives or Introducers or other customers and has not entered into this Agreement in accordance with any such warranties.
HXFX will not be responsible for delays in command transmission due to transmission or communication facility failures, power shorts, or any other reason that HXFX cannot control or anticipate. HXFX will only be liable for actions directly caused by HXFX's negligence, deliberate error or fraud. HXFX will not be liable for any damages caused by the negligence of any Introducer or other participant employed by HXFX under this Agreement.
The confirmation report of the order and the account statement of the customer will be deemed to be correct, final and binding to the customer, unless the customer immediately objects and writes in writing within one day of receiving the HXFX platform or other means of delivery of the report. Form confirmation. The customer's written objection should send to the latest office address on the HXFX website. The address may change from time to time. Please request a return receipt. If there is no objection, all actions taken by HXFX or its Introducer prior to the Client's receipt of the above report will be deemed to be approved. Failure by the customer to receive a confirmation of the transaction will not relieve him of his obligation to make such objection.
Reports, notices and other communications may send to the customer's email or the address of the customer on the application form. All such communications sent, whether by post, telegram or other means, once enter the relevant postal service or received by the sending agency, are deemed to have been issued by HXFX and are deemed to have been delivered to the customer, whether or not the customer actually receives it.
The Client will pay the Introducer Fee, Commission and Special Services or all other fees (including but not limited to premiums and discounts, reporting fees, idle account fees, order cancellation fees, transfer fees and other fees) resulting from the services provided by HXFX. Fees (including but not limited to fees charged by interbank institutions, banks, contract markets or other regulatory or self-regulatory organizations). HXFX may charge commissions, fees and/or charges without notice. The Client agrees to pay HXFX the interest on the outstanding amount (calculated as follows: plus 3% of the preferential interest rate offered by the major bank or the maximum interest rate prescribed by law, select the lower one).
All such fees will be paid by the customer at the time of the occurrence or at the sole discretion of HXFX. The customer authorizes HXFX to detain the above fees from its account. The Client agrees to pay the transfer fee determined by HXFX when it instructs HXFX to transfer the open positions, funds, and/or property of its account to another institution. HXFX confirms that all prices quoted to customers do not include premiums and discounts.
HXFX collects premiums or discounts from customers, including buy or sell, depending on the contract of the transaction. The premium or discount will be adjusted periodically. Customers are advised to read the online amendments.
Customer agrees to be personally responsible for taxes and fees imposed by the government on the benefits of all transactions or trading activities. The Client also agrees to deduct these taxes or fees directly from the Client's account upon expiration.
In any open position held by the Client, HXFX will, from time to time, credit the Customer's interest earned from the Pricing Date to the Clearing Date to the Client's account, or deduct the interest generated from the Client's account:
14.1 The Client shall ensure that his account has a sufficient level of margin at all times. HXFX reserves all rights to force a liquidation of all open trades:
14.2 HXFX will have the right, at its sole discretion, to determine the value of the market value from time to time.
14.3 Locking a position does not completely eliminate the risk of forced liquidation. The balance of the account may trigger a forced liquidation due to changes in interest expenses and trading spreads. Therefore, customers must keep an eye on their account balances and maintain the margin amount after they have locked the position.
Before the transaction occurs (whether the customer is a purchase or a sale contract), HXFX may, in its absolute discretion, require 0 to be equal to 100% margin of the contract value for any anticipated or existing open positions that the customer currently or will establish at HXFX.
The Client agrees that HXFX will promptly meet all margin requirements in the form of a transfer required by HXFX when HXFX makes a request for funds to be replenished, and the fees involved in any remittance and transfer process, including bank charges, exchange rate differences and all related fees, are paid by the customer. The customer fully understands that HXFX needs time to process the deposits of the relevant customers. The customer may not be able to use the deposited deposit as a deposit for the new position in real time, and may not be able to act as a margin call. The customer agrees to bear all the due to failure to meet the request in time. The loss of forced liquidation faced by the margin requirement may exceed the initial margin invested by the customer. At this point, the amount in the customer's trading account may be negative, but HXFX has the right not to recover the negative amount of the above part of the customer. HXFX may at any time liquidate the Client's account in accordance with the provisions of this Agreement, even if HXFX does not exercise the right, it does not mean that it has waived the right. Any HXFX past margin requirements do not prevent HXFX from raising the above margin requirements without notice.
The Client has the right to notify HXFX at any time to withdraw the specified available cash balance. The Client agrees to the fees involved in any remittance and transfer process, including bank charges, exchange rate differences and all related fees. The customer fully understands that HXFX needs time to process the withdrawals made by the customer, and the customer may not receive the extracted amount in real time. The Client agrees not to hold HXFX accountable for all failures to meet its withdrawal requirements in a timely manner. The client confirms that HXFX will deduct the amount from the client account balance in real time once the withdrawal request placed.
The client must ensure that the bank account he has designated belongs to the client and that HXFX does not accept any third party (including but not limited to the introducer) to access the money. The customer submits the deposit certificate and confirms it as a third party depositor. HXFX has the full right to process the client account as follows:
The Client understands, acknowledges and agrees that HXFX may amend the terms of this Agreement from time to time and HXFX will make such modifications or changes posted on the Company's website. The Client shall periodically review the modifications to the Terms and Conditions and agree to be bound by this, and the Client understands and agrees that HXFX will not issue a separate Customer Agreement for it. Regardless of whether the customer has previously signed on the website or received the customer agreement in person, all the old terms will be deemed to have been changed or replaced by the new terms, and the other terms and the changed terms will continue to be fully valid. Any process of interaction between the parties to the agreement, or the failure of HXFX or other agent to assert the rights under its agreement under any circumstances or series of circumstances, cannot be indirectly interpreted as a waiver or change of rights. No verbal agreement or instruction may be recognized or enforced.
17.1 This Agreement will commence from the effective until termination, and the Client may terminate the Agreement at any time, as long as the Client does not hold an open position at that time, does not have any debt to HXFX, and the HXFX office actually receives a termination notice; or at any time, HXFX will send a termination notice to the customer, which will become effective upon the close of the date of the notice. The termination of the condition will not affect any previously signed transaction and will not relieve any party of any obligations under this agreement, or relieve the customer from any owing. If the customer has no transactions and/or deposits for a long period of time, the relevant account will be treated as an inactive account. The relevant account will put to sleep without prior notice. Please check with online customer service for details.
17.2 If HXFX is informed or has reason to believe that any of the following has occurred:
17.3 Within two business days from the date of termination of this Agreement, the Client shall return or destroy all materials received from HXFX in accordance with HXFX's written instructions. The liability of any party for the payment of materials, delivery materials and destruction of materials shall remain in force after the termination of this Agreement. Any liability arising from the implementation of this section by HXFX shall be determined by HXFX in accordance with this section.
Customer agrees that if Customer fails to perform its commitments in full and on time or because its representations or warranties are not true or correct, it will bring any debt, loss, damage, cost or expense, including attorneys' fees, to HXFX. In this regard, HXFX, its relevant institutions, employees, agents, heirs and assignors are compensated and protected from damage and loss. The Client also agrees to immediately pay HXFX the damages, costs and expenses, including attorneys' fees, incurred in the execution of any provision of this Agreement. In addition, if the loss comes from:
Client confirms that:
Client declares and warrants that:
The Client represents and warrants that the financial information disclosed to HXFX accurately represents the Client's current financial situation. The Client further declares and warrants that in determining its net worth, the assets and liabilities have been carefully calculated and the liabilities are deducted from the assets to determine the net value provided by the Client in the financial information. The Client represents and warrants that in determining the value of the Assets, the Client includes cash and/or cash equivalents, and tradable securities, own property (excluding major residences), cash value of life insurance and other valuable assets. The Client represents and warrants that in determining the liability, the Client includes a promissory note (guaranteed or non-current guarantee) payable to the bank, a promissory note payable to the relative, a mortgage for the property, (excluding the basic residence) and other bonds. The Client represents and warrants that in determining its liquid assets, the Client only includes assets that can be liquidated quickly (within one day). The Client represents and warrants that it has considered the portion of the Client's assets that may be risk capital with great care. The Client warrants and declares that venture capital refers to funds of this amount, that is, the customer is willing to put it into risk, and even if the loss does not bring any changes to the customer's lifestyle. If the customer's financial situation changes to reduce the customer's net worth, current assets and/or venture capital, the customer agrees to immediately notify HXFX.
Customer warrants and represents that it has not entered into any separate agreement with the Client's Introducer or any HXFX employee or agent for the trading of its HXFX Account, including any agreement to guarantee the profitability of its account or limit the loss, and the Client agrees that it is responsible for writing. Immediately inform HXFX of any such agreement. In addition, the Client agrees that if any statement made by any person regarding the Trading Account differs from the Customer's representation from HXFX, the Client agrees to bring HXFX's attention in writing. If the customer fails to notify HXFX of the disputed transaction in a timely manner, the customer agrees to indemnify HXFX from damage. The notice under this clause needs to send to the HXFX office.
The customer authorizes HXFX, or the agent, to investigate the customer's credit status in the name of HXFX and to contact HXFX for the appropriate (all) banks, financial institutions and credit institutions that are believed to be relevant to the customer's information. The Client further authorizes HXFX to investigate its current and past investment activities and to contact HXFX's futures dealers, exchanges, brokers/dealers, banks, and legal information centers as deemed appropriate. If the customer makes a request to HXFX in writing, the customer may be permitted to make copies of the above records at the sole cost of the customer.
HXFX reserves the right to use electronic means to record customer telephone conversations with HXFX or its agents, with or without the use of automatic audible warning devices, and this record and a duplicate version of this record may be used for any purpose, including certification of customer orders. . The property rights of this record are absolutely exclusive to HXFX. Customer agrees that in the event of a dispute, either party may use such recordings or copies of such recordings to produce evidence. The Client also acknowledges that HXFX is not obligated to retain the record and a duplicate copy of the record for a long time, and HXFX has the absolute discretion to determine the retention period for the record and the duplicate version of the record. In the event of any force majeure event or non-HXFX control, including but not limited to theft, fire, natural disaster, technical failure of the equipment, etc., HXFX is lost or no longer has the record and / or a duplicate version of the record, HXFX does not assume any responsibility or liability for any loss or expense involved in the Client's forex product contract.
Any disputes, claims, breach of contract or invalidity of the contract or disputes related to this contract shall be settled through arbitration. The arbitration commences on the date of the arbitration in accordance with the currently valid United Nations International Trade Law Commission arbitration rules, and the arbitration proceedings are conducted in English.
Under normal market conditions, the margin recovery mechanism is to hedge the account balance below the value of the funds deposited in the account. When the current net value is less than 30% of the guaranteed amount of the opening position (actually subject to the website announcement), the margin recovery mechanism will automatically close the position with the most losses. In the event of unfavorable market conditions, especially in the event of significant price fluctuations, the loss from the execution price of the margin recovery mechanism may exceed the customer's account balance. HXFX reserves the right to recover the account's negative amount from the customer when the loss exceeds the customer's account balance.
Under this agreement, HXFX may delegate all or part of its rights or obligations to any person without the prior consent or approval of the customer.
In addition to the standard risk disclosures contained in this agreement, customers should be aware that margin-based OTC forex trading is one of the most risky investments in the financial market and is only suitable for experienced investors and institutions. Accounts opened at HXFX allow clients to trade Forex products at a high leverage ratio. In view of the possibility of losing all of the investment, the speculative funds in the forex product trading market must be venture capital, and the loss will not have much impact on the financial status of the individual or the organization.
If the client has only invested in low-risk investment tools in the past, the client may need to learn forex product transactions before the formal trade. Clients need to be aware that if the market moves when trading forex products is not as expected by the customer, the customer may lose all funds deposited in HXFX as initial margin. If the client wishes to continue the client's investment, the client must confirm that the client's funds are purely risky capital, and the loss of these funds will not harm the customer's lifestyle or damage the client's future retirement plan. In addition, the customer fully understands the nature and risks of forex product investment, and the loss suffered by the customer when investing will not affect the third party.
If there is any change in the data on the customer's account opening application form, it is the customer's responsibility to notify HXFX of the changes immediately.
The Client hereby agrees that HXFX will not mail the customer's transaction bill, and the customer's account information and transaction confirmation will be provided via the HXFX platform - the customer will check their account information through HXFX's platform login account. HXFX will announce all of the client's account activity, and customers will receive daily and monthly account activity reports, as well as each executed transaction report. Publishing their account information on the customer's online account will be considered as submitting the transaction confirmation and statement. At any time, the account information will include the transaction confirmation with the ticket number, the purchase price, the margin used, the amount of the margin trade, the profit and loss report, and all positions and unfilled orders.
When a customer opens or maintains a trading account with HXFX, the personal data provided will only be used for the company's internal business purposes, such as assessing the client's financial needs, handling customer transactions and other requirements, and providing related products and services. Provide services on general transactions and confirm customer identity as required by regulatory procedures. HXFX requires customers to provide data for operation:
HXFX will only provide the customer's data for limited access to the employees in order to provide relevant customer service and product introduction. These procedural requirements are to protect the customer's non-public data from being disclosed and to protect the privacy of the customer. HXFX will never sell or rent a customer's name and personal information to anyone.
HXFX uses Secure Socket Layer (SSL) to create password technology to protect the data provided by customers. This technology protects customers' data from being intercepted and stolen by others on their way to HXFX. HXFX is committed to ensuring that the website is secure and in compliance with industry standards and uses other data assurance tools such as firewalls, authentication systems (passwords and personal identification numbers, etc.) and controls to control unauthorized systems to access and access data.
Some financial products and services offered by HXFX may need to be shared with third-party service providers and some promotion companies not affiliated with HXFX. Third-party service providers include companies that provide services on behalf of HXFX in contract form, such as providing SMS. Service company, software company that maintains and develops data processing, etc. The confidentiality rules of these third-party companies are not the same as HXFX. If the customer data is leaked due to any reason of the third-party company, HXFX will not assume any responsibility or liability for any loss or expenditure caused by the customer.
The client agrees that HXFX will set up a MyFaceID account for the customer on the HXFX platform, and save and record the identity verification records obtained by HXFX.
In order to maintain the fairness of online transactions, HXFX does not accept the use of any operating software to place orders, if found to cancel the transaction qualification or agent qualification, and recover all the profits and expenses of the relevant account (including recharge fees, transaction coding fee).
Any dispute between the customer and HXFX regarding the customer will be resolved in accordance with the arbitration method of this agreement. Any decision made by the arbitration will be final and binding, and any court of competent jurisdiction may enforce the law.
The corresponding rights and obligations of this Agreement and the parties to the Agreement are governed by the law of country which HXFX locates and are interpreted and enforced accordingly. Accordingly, there is no conflict with the law to interfere with or hinder the application of the provisions.
Where appropriate, all communications and data held by HXFX about the customer may be disclosed to and checked by law enforcement agencies and regulatory agencies. In addition, the Client agrees to comply with all applicable anti-money laundering and counter-terrorism financing legislation, including but not limited to requesting or providing sufficient evidence to understand the identity of any person who may be represented by the Client in any transaction with HXFX.
Each of the parties shall not undertake or use its intellectual property on behalf of the other parties or on behalf of other parties at any time and for any purpose. Except as expressly provided in this Agreement, each Contracting Party shall not:
All non-US dollar deposits will be converted into US dollars. If a customer wants to withdraw money in RMB, HXFX will convert its US dollar into its designated currency according to the UnionPay exchange rate of the day. HXFX reserves the right to change the above exchange rate according to market conditions without prior notice to the customer.
If the client needs to close the account, please apply to the HXFX employee. The client must ensure that the account does not hold any open positions and HXFX will process it within 24 hours of receiving the application.
Due to the signal between the Internet, its reception or the setting of its equipment/system or the reliability of its connected system, it is not within the scope of HXFX control, so HXFX will not be able to misrepresent the communication failures that occur when trading over the Internet. Forex product trading has considerable risks and is not suitable for everyone. No matter how convenient and fast online trading is, it is impossible to reduce the risks associated with the transaction. The customer confirms that the spot price of precious metals & forex trading varies from institution to institution and will change from time to time, including (but not limited to) the time difference in data transmission, and sometimes it is not even possible to trade at the published price. Therefore, the customer agrees to accept the price that HXFX provides to the customer from time to time, which is the best price available at that time.
Customer agrees that the financial data or other information obtained through the Electronic Trading Service will not be used in its ordinary course of business without the prior written consent of HXFX, nor will it distribute, copy, publish or distribute the financial data or other information to others. If the customer violates these terms, the customer will be liable for all losses and damages caused by HXFX.
HXFX believes that some or all of the electronic trading services may be suspended for regular or urgent repairs if necessary; in such cases, HXFX shall take reasonable steps to notify the customer before the service is suspended. The Client understands and accepts that HXFX may exercise its absolute discretion at any time without prior notice to the Client to suspend, prohibit, limit or terminate Customer's use or access to HXFX's Electronic Trading Services System for any transaction. The circumstances will not affect the rights and/or obligations of both parties before suspending, prohibiting, restricting or terminating the access to HXFX's electronic trading service system or the client's termination of their electronic account. HXFX absolutely does not need to pay interest on the deposit guarantee or any money deposited by the customer in the account.
The Client acknowledges that HXFX does not warrant that the Client's trading instructions issued through the Electronic Trading Services will be executed. The dealer or its staff or agent is not liable for any unexecuted orders. Unless the customer has clearly received information that HXFX has received or executed a customer order, it shall not be deemed that HXFX has received or executed the customer's trading instructions. However, including but not limited to the following exceptions, due to errors in the computer system, errors in the electronic trading system, and the wrong price (the true price of the non-international market at the time of the transaction, the customer must accept the trader's determination of the price based on the integrity and professional basis. The final decision of the dealer as the standard), etc., causes HXFX to send a confirmation to the customer in error. The dealer has the final right to unilaterally modify or even cancel the confirmation. The client must fully accept the dealer’s decision and bear the relevant or responsibility generated.
For the benefit of HXFX, all customer accounts are prohibited from authorizing third parties to operate their accounts without the consent of HXFX. If the Company discovers or suspects that the Client is an account authorized to operate by a third party without the consent of the Company, the Company is fully entitled to cancel all transactions in the account. HXFX is fully entitled to cancel these accounts and collect no less than 10% of the balance in the account as an administrative fee and return the remaining balances in the account to the account holder.
All bid-ask spreads will be adjusted according to market conditions. In a few cases (including but not limited to published data, unexpected news, weak market transactions, etc.), it is normal to expand the bid-ask spread.
11.1 The customer understands that:
11.2 The Client acknowledges that if HXFX is acting in accordance with the instructions and will result in exceeding the credit limit, then:
13.1 If a customer uses HXFX's online forex trading system ("online platform"), the customer confirms and accepts the following:
14.3.1 If the Client transfers the ownership of the Money to the Company for a certain purpose, including but not limited to guarantee or payment of current or future debt, actual debt, contingent liabilities or expected debt, such as a deposit, These amounts will not be treated as client funds.
14.3.2 The Client guarantees that HXFX's current debt, future debt, de facto debt, contingent liabilities or expected debts will be transferred to HXFX for part or all of the funds deposited, and the funds are for the unsettled customers. Position required for warehouse position, current debt, future debt, de facto debt, contingent liabilities or expected debt (the amount will be calculated daily by HXFX at its discretion based on the customer's daily open positions and transactions, as the market The circumstances are decisive. The amount may be greater than the amount of margin necessary to maintain the client's open positions.) The full ownership of part or all of the money is transferred to HXFX, which HXFX owns in accordance with these terms. Therefore, for this part or any client funds, the customer does not have the owner's claim and this part will not be quarantined.
14.3.3 The Client does not have the right to claim for any part or any of the money described in Clause 14.3.2 of this Agreement, and HXFX may, in its sole discretion, process the portion or any Client funds described above.
I hereby declare
I hereby acknowledge and agree that HXFX may rely solely on such data and statements for all purposes, unless HXFX receives notice of its change.
I recognize and confirm:
I have read the HXFX Client Agreement and I have read it carefully;
The risk disclosure statement contained in the Client Agreement and;
HXFX has asked me to read the above risk disclosure statement, ask questions and seek independent advice (if I wish). I agree to be bound by the terms and conditions of the HXFX Client Agreement and understand and confirm that HXFX may amend the terms and conditions of the Agreement from time to time. I confirm that HXFX does not provide any advice or advice regarding investment, tax or law.
The importance of logging in data confidentiality
HXFX strongly urges customers to keep the data on the trading platform confidential and securely collected. These login data are passed directly to the customer by HXFX. Therefore, only the account holder has the right to own the login data and enter the trading platform for trading. HXFX strongly recommends that customers change their login password and proper collection when they log in to the trading platform for the first time, as all customers are responsible for the trading activities of the customer's trading account. When the customer suspects that the login data has been obtained by a third party, the customer should change the password in real time or notify the company to change the login password. At the same time, HXFX prohibits employees from requesting a login password from the customer and entering the customer's trading account for any activity. If you have any questions about the person who requested the login password, please contact us.