On foreign exchange transactions and derivative instruments (including CFDs)
In considering FUBON GLOBAL INC. (Hereinafter referred to as "FUBON", "us" or "we") had agreed to enter into the counter ( "OTC"), CFD ( "CFD") and spot foreign exchange contracts ( "Spot FX Contracts" ) the undersigned (hereinafter referred to as "customer", "you" or "your"), customer acknowledges, understands and agrees: FUBON registered in accordance with the laws of Belize, which is registered in Barak number 35 on the third floor, Belize, Central America , company registration number 158 716, licensed by the Belize financial services Authority ( "IFSC") as a foreign exchange broker service license number: IFSC / 60/496 / BCA / 16. As a result, this argument, it would be a protocol in addition to retail customers and the general terms and conditions; conditions can not disclose or explain all of the risks and significant aspects involved in trading in foreign exchange and derivatives and the like. AC in these types of transactions can carry a high risk to your capital could lead to total loss of the capital. If you need the risks involved, a more comprehensive understanding, please contact for further information FUBON. The results take into account the risks, you should not participate in trading in these products unless you understand the contract, you are entering the nature of their legal relationship contracts. Foreign exchange derivatives trading is not suitable for many members of the public. You should carefully consider whether trading in foreign exchange for you in your experience, objectives, financial position and other relevant circumstances. If in doubt, it is recommended to seek independent financial advice.
Foreign exchange and derivatives trading is very speculative and risk
Trading CFDs and Spot FX Contracts is highly speculative and involves risk of loss significantly; it may not be suitable for all investors, but only for those customers who:
(A) understand and are willing to assume the economic, legal and other risks involved;
(Ii) experienced and knowledgeable about the types of transactions in derivatives and underlying assets;
(C) sufficient financial capacity in excess of Margin or deposits bear significant losses, as investors may lose not just the total value of bonds or deposit contract.
Whether CFDs nor Spot FX Contracts are appropriate investments pension funds. CFDs and Forex trading are the most dangerous type of investment which, and may result in huge losses. Customer represents, warrants and agrees that Customer understands these risks and are willing and able to assume the financial aspects of the contract or other risk spreads and spot foreign exchange contracts; and loss of all customer account balance will not change Customer's lifestyle .
Risks associated with CFD long positions, that is, for the purchase of CFDs
Doing more CFD means you are buying the rise in the CFD market speculation by the market price of the underlying asset will buy and sell when. As the owner of a long position, you will generally make a profit if the market price of the underlying asset increases, while your CFD long position is open. Instead, you will usually suffer losses if the market price of the underlying asset decreases, and your CFD long position is open. Therefore, your potential losses may be greater than the initial margin deposit. In addition, you may suffer losses due to the closure of your location, environment, you do not have sufficient liquidity to your margin account to maintain the results of an open position.
Risks related to short CFD position, namely for CFD seller
In CFD CFD means you are selling in the market speculation by the market price of the underlying asset will be buying and selling between time. As the owner of a short position, you will generally make a profit if the market price of the underlying asset decreases, while your CFD short position is open. Instead, you will usually suffer losses if the market price of the underlying asset increases, while your CFD short position is open. Therefore, your potential losses may be greater than the initial margin deposit. In addition, you may suffer losses due to the closure of your location, environment, you do not have sufficient liquidity to your margin account to maintain the results of an open position.
High leverage and low margin can lead to rapid loss
Specific features of the highly "leveraged" or "leverage" is both CFDs and spot forex contracts. Leverage such investments to invest in CFDs riskier than the underlying assets. This stems from the applicable CFD margin system, typically includes a small deposit relative to the size of the transaction, therefore, relatively small in the underlying asset price changes have a huge impact on your business disproportionate. This can be both advantageous and disadvantageous. Deposit in your favor can provide a high return on small price fluctuations, but for you a small price movement may result may exceed the amount of money deposited significant losses in them. This loss can occur rapidly. The greater the leverage, the greater the risk. The size of the lever, so in part determine the outcome of the investment.
Effect of "Leverage" or "gear"
In the foreign exchange and derivatives trading with high risk. High degree of "leverage" or "leverage" that is often in the foreign exchange and derivatives trading can get to work for you and for your fluctuation due to market conditions. If the market for your action, you can not only sustain a total loss of your initial margin, and deposited in FUBON any additional funds to maintain your position, but you also have a lot of very expensive, FUBON further liability. You may be required to deposit additional funds on short notice to maintain your position. Failure to comply may result in additional funding request on behalf of your deposit closing your position (s) of FUBON; you will be liable for damages or losses caused thereby.
Risk-reducing orders or strategies
Some commands (such as "stop-loss" orders or "limit" command), which is to limit losses to a certain number, placement may not be enough to consider market conditions or technological limitations may make not execute such orders, eg due to lack of liquidity in the market. It should be noted that the use of a combination of strategic location, such as "spread" and "Tile" position may be with the simple "long" or "short" positions may be as risky.
Customers must retain the minimum margin requirements for their open positions at any time. Customer is responsible for the supervision of his / her account balance. Customers may receive a margin call that is extra cash deposit, if the margin is too low related accounts. FUBON liquidate any or all the claims have been unable to maintain the minimum margin requirement when open positions. This may result in a loss of customers was closed CFD or spot forex contracts, and you will be liable.
Customer understands that CFDs and spot forex contracts can only be settled in cash, and buy and sell prices to determine the difference between investment results.
When trading CFDs or Spot FX Contracts with us, such a transaction will not be executed on a recognized or designated investment exchanges, known as OTC (OTC) transactions. All positions entered into with us must be closed with us and can not be closed with any other entity. OTC swap contract may involve more than the investment, because to close out an open position there is no greater risk of the foreign exchange market there. It may not be possible to liquidate an existing position, to assess the value of the position arising from OTC, or assess risk exposure. Basis bids and offers may not be quoted by us, based on the applicable market, even when they FUBON may find it difficult to establish a fair price particularly when the relevant exchange or market is the best implementation of the underlying asset policy off or suspended. There is no central clearing and payment obligations FUBON by any guarantee to customers other parties. Therefore, the client is exposed to credit risk with FUBON. The customer must only look at performance FUBON all contracts in the customer's account and the return of any Margin or collateral.
Under certain market conditions, it may be difficult or impossible to open, increasing the risk of loss. If the price of the underlying asset to rise or fall of a trading session on the sale of the underlying asset is restricted or suspended such an extent that this might happen, for example, the price of a fast-moving time.
Prices, Margin And Valuations set FUBON and may be published elsewhere prices
FUBON will offer price used in the transaction, based on its trade policies and procedures, market data tables customer positions and margin requirements to determine valuation. Fulfill your CFD or Spot FX Contract will depend FUBON and market volatility to your contract involves setting the price of the underlying asset. Thus, the effect of each of the underlying asset specific risks related to CFD results. Results We are a given market price as the reference calculation, which we source from third party external reference \ s or exchange \ S Price on the relevant underlying asset. For our CFDs and Spot FX Contracts, we obtain price data wholesale merchants. Although FUBON expects that these prices will be reasonable and the market price, FUBON price to the price of banks and other market participants vary. FUBON in developing and collecting margin considerable discretion. FUBON entitled to convert the deposit into a customer account and the foreign currency at the sole discretion FUBON, then determined on the basis of money market interest rates on the exchange rate at that time.
Rights related assets
You have any rights or obligations relating to your CFDs or Spot FX Contracts underlying instrument or asset. Customer understands that CFDs can have different underlying assets, such as stocks, indices, currencies and commodities trading conditions specified in the CFD and forex trading conditions FUBON website pages.
Investing in the underlying asset implication A spot foreign exchange contracts and currency risk ratio CFDs currency other than your base currency listed, because in fact, when the CFD or spot forex contracts than other than the base currency of the monetary settlement, you the return value can be converted to affect the monetary base.
One Click Trading And Immediate Execution
FUBON online trading system provides real-time transmission of customer orders, once Customer enters the notional amount and clicks "Buy / Sell." This means that there is no chance to click on the "buy / sell" to review the order and the market order can not be canceled or modified. This feature may be that you have used other trading systems differ. Customer should utilize the Demo Trading System before actually trading online with FU BON, familiar with the online trading system. Customer acknowledges and agrees that, by using FUBON online trading system, Customer agrees to one-click system and accepts the risk of this immediate transmission / implementation.
FUBON not a consultant or a trust for clients
Where FUBON provides recommendations for the generics market, for example, it is generally recommended not constitute a personal recommendation or investment advice, nor consider your personal circumstances or your investment objectives, nor is it to buy or an offer to sell or solicitation to buy or sell any foreign exchange contract or cross-currency contracts. Each customer decides to enter the CFD or spot forex contracts with FUBON, each decide whether a transaction is appropriate or proper for the customer to make an independent decision by the customer. FUBON not act as advisers or trust to the customer. Customer agrees, FUBON no fiduciary responsibility to the customer, and any liability connected to, nor assume any liability, claims, the following FUBON general trading advice or costs and expenses, including attorney's fees, incurred by the customer based on the taking or not taking FUBON provide any general advice or information to take any action.
Recommendations do not guarantee
FUBON provides generic market recommendations based solely on and should be considered as such in the judgment FUBON personnel. Client acknowledges that he / she enters rely on their own judgment of any transaction. Any market recommendations provided only general, may or may not be consistent with FUBON and / or its affiliates market position or intentions. FUBON results suggest that the market is based on information believed to be reliable, but FUBON not and do not guarantee its accuracy or completeness. Therefore, follow these general recommendations is not to reduce or eliminate trade CFDs and / or spot forex risks inherent in the contract.
We do not guarantee profits
There is no profit, no guarantee to avoid feeling the loss of trading CFDs and spot forex contracts when. Result The customer receives no such guarantee, from FUBON or any of its representatives. Customers understand the risks trading CFDs and Spot FX Contracts inherent and is financially able to bear such risks and withstand any losses incurred.
Customer may not close a position
Since any exception and fast market conditions may cause the market price fluctuations, or other circumstances, might not FUBON risk provisions by the customer and may not work FUBON price control provisions to close out the customer's position. Customer agrees FUBON will not accept any responsibility for failure to do so.
Internet / Electronic Transactions
FUBON through the trading system and other electronic trading systems may well be from conventional or open market transactions traded different. Electronic trading system will expose your system, including hardware and software, system downtime risks related to the failure, it is not FUBON trading system or individual client systems and communication infrastructure (such as the Internet) connection FUBON platform and the FUBON client. Any system failure may be that your order did not follow your instructions or not executed, lack of capacity, so you continue to understand your position and to meet margin requirements. Results When the customer (via the Internet) transactions online, FUBON liable for any claims, losses, damages, costs or expenses liable, caused directly or indirectly, through any fault, disruption or any transmission failure, communications system, computer facility or trading software, whether belong FUBON, customers, the results of any exchange or any settlement or clearing system.
If a reference error occurs (including response to customer requests), FUBON account balance does not assume responsibility for any errors, and the right to make necessary corrections or adjustments to the relevant account reserved. Any dispute arising from such quoting errors will be resolved on the basis of fair market value, such as FUBON sole discretion, in good faith in such an error occurs, the relevant market. If the result of the prevailing market price and the price FUBON released our screens in different situations, FUBON will try, try on the basis of execution of transactions or close to the prevailing market price. These prevailing market prices will be the price, which is reflected in the final report on the client. This may or may not adversely customer realized and unrealized gains and losses impact.
Terms and Conditions of Contract
It is your responsibility to fully understand the trading rules and / or terms and conditions of the transaction and / or retail customers agreement, including, but not limited to any terms describing risk factors, such as volatility, liquidity, and so on.
It may occur during the weekend (Friday 22:00 CET - Sunday 23:30 CET) in all cases, or during the holiday, when financial markets generally close to the transaction may result in significantly different market prices closed them. When FUBON customers will not use FUBON trading system, the market is generally not to place or change orders over the weekend, market holidays or at other times. There is a substantial risk that stop-loss orders left to protect the holdings in this period will be a significant deterioration in their specified price levels are not being performed open positions.
Fees and commissions
All commissions and other charges Before you begin to trade, you should obtain from us, you will pay details. These charges will affect your net profit or loss.
Banking and mortgage
You acknowledge that you can not afford to lose that you remitted to FUBON as margin money. When you are saving money and hold us, it will normally be one or more authorized credit and / or financial institutions to hold an isolated customer accounts are located in Member States / Belize and / or economic zone of Central America should instruct FUBON Web site from time to time. The IFSC protection rules on client money and client assets will apply. You acknowledge that the customer's money in a separate account holder may not provide complete protection, especially in the event of any third party's insolvency /, FUBON entrusted to hold client assets.
The specific risks of asset management and advisory services
FUBON no obligation to stop reducing market transaction account assets, or even increase. Therefore, the client to control his / her development account to be able to terminate the asset management services, if he / she thinks the results do not meet his / her expectations and needs.
Leveraged Trading example
The position is expressed in the use of foreign exchange transactions; thus collateral (usually referred to as margin) is lowered to cover the funding ratio was significantly larger position. It is common for brokers to provide 100: 1. Effectively multiplied by 100 times the volume of trade in the account balance.
In forex trading, currency trading is usually on hand, which consists of 10 million units per batch transactions. During the transaction, one hand this means a base currency will buy 1 lot of money relative to occur simultaneously sell. For example, at $ 1.2500 to sell 1 lot of EUR / USD means that € 100,000 are bought and sold 125,000 yuan.
Examples of leveraged transactions
A trader deposits $ 2,000 into his account, then called his total assets or equity. Traders then choose to buy 1 lot USD / JPY at 97.50 price (US $ 1 purchase 9750 yen.) And 100: 1 leverage offered by his broker (giving him 100 times the power of fair trading ). Margin traders use $ 1000, he has floating shares or idle deposit of $ 1000.
In the course of trade, the trader's position in favor of moving, such proceeds will be added to the floating equity trader's account. The same situation, and vice versa should the location is not conducive to traders. Importantly, the floating gains or losses not realized until the return to investors and fund liquidation account balances.
In our example of the business, we will assume the position of traders favor 100 points (in exchange, it moves up one yen to 98.50), in this case, the trader makes $ 1,000 ($ 10 each dot × 100 dot gain). As a result of the transaction, we see his $ 2,000 account funded 50% rate of return, or $ 1,000 security deposit 100% increase.
If the location has everything from 100 points to the contrary transaction will not occur. The position will be a result of a margin call, because the floating shares had reached $ 0 from $ 1000 off automatically. Margin activated to protect the traders over the account balance turned negative.
* The above description is only an example of fictional and does not in any way constitute investment advice explained.
** Performance figures quoted are only estimates, and such investments may not be a reliable indicator of future performance, may not be a reliable indicator.
We have read, understood and agree to the Risk Disclosure Statement and Trading Policies and Procedures above.