Terms and Conditions
By accessing this website com.babilfx.www, you indicate your agreement and understanding of the following terms and conditions relating to this website and any material therein.
Licensing and use of the electronic portal and commercial facilities.
For Babil customers, the Company reserves the right to change these terms and conditions at any time without notice to you. You are therefore responsible for reviewing these terms and conditions regularly.
Continued use of this site after any such changes constitutes your acceptance of such changes.
No downloading or copying from this site will transfer ownership of any software or material on this site to you.
Anything you transmit to this site becomes the property of the Company, may be used by the Company for a lawful purpose, and is subject to disclosure as the Company deems appropriate, including to any legal or regulatory authority to which the Company is affiliated. Subjects.
The Company reserves all rights with respect to copyright and trademark ownership of all material on this site and will enforce such rights to the fullest extent permitted by law.
The browser may access this website at his own risk, and this does not mean in any way that he has become a client of Babil. The browser fully understands that all information and analyses provided by the company on this website are for display only, and do not in any way constitute an incitement to the browser to conduct any purchase or sale transactions for any of the financial instruments provided by the company. The information and analyses contained in Babil’s website may not be complete or accurate, and therefore, the company does not bear responsibility towards any investor or any third party regarding the accuracy of the information contained in this website. We are not responsible for any content published on any other website, even those to which we may link.
You will not be liable for any consequences that may arise from actions based on the contents of another website.
You can access the Website from anywhere in the world, but the law may not allow all
investors in all countries to access the financial products mentioned on the Website.
Access to this Website may be restricted by certain legal restrictions. Users of this Website are subject to such legal restrictions and are not permitted to access it, and the Company does not bear any responsibility towards any
individual who may access the Website illegally.
Babil may collect personal information from visitors to its Website. This information will be used in accordance with the Privacy Policy
Babil Global Markets may provide the content of this website in other languages only for the convenience of users and as such accepts no responsibility for the accuracy of translated pages. English language content replaces the other language pages.
3.1 Babil’s online trading facilities are only available and may be used by persons who have sufficient experience and knowledge in financial matters to be able to evaluate the merits and risks of accessing and/or using the online trading facilities and entering into transactions and contracts through our online trading facility and who have done so without relying on any information contained in, or in our online trading facility and/or provided by us in connection therewith.
babil reserves the right to change, update and amend the terms and conditions at any time. They will be posted on this website and you are responsible for reviewing these terms and conditions regularly.
Customer Obligations
2.1 Babil’s online trading facilities are available to individuals and may only be used by individuals, who can form legally binding contracts under the applicable law of their country of residence.
Without limiting the foregoing, our online trading facilities are not available to persons who are under the age of 18, or who are under the legal age of majority in their country of residence, or who, otherwise, cannot form legally binding contracts under the applicable law of their country of residence.
2.2 Subject to the foregoing, you hereby acknowledge and undertake, without prejudice to any other representations and/or warranties and/or undertakings
Under this Agreement:
– You are an individual who can enter into legally binding contracts under the laws of your country of residence
– You are over 18 years of age or over the legal age in your country of residence; All information you have provided to us for the purposes of,
or in the course of, opening an account with us and/or accessing and trading our online is correct and current
– You have all the rights, powers and authorities
– In this Agreement and to perform the acts required of you under this Agreement
– You are not a politically exposed person and do not have any relationship (for example, relative, partner, etc.) with a person who has held or has held any position in the past twelve months.
2.3 By agreeing to these Terms and Conditions, you authorize us or agents acting on our behalf to investigate your credit standing and in connection therewith to contact banks, financial institutions and credit agencies as we deem appropriate
to verify such information. You also authorize us to investigate any current and past investment activity and, in connection therewith, to contact such exchanges, brokers/dealers, banks and others as we deem appropriate.
Financial experience and knowledge
3.1 The Online Trading Facilities are available from Babel only and may be used by persons who have sufficient experience and knowledge in financial matters to be able to evaluate the merits and risks of accessing and/or using the Online Trading Facilities and entering into transactions and contracts via our Online Trading Facility and who have done so without relying on any information contained in, or in our Online Trading Facility and/or provided by us in connection therewith.
Legal Restrictions
4.1 The Online Trading Facility is not available from Babil where access and/or use thereof is illegal, and we reserve the right to refuse and/or reject and/or cancel the Online Trading Facility and/or any part or component thereof, at our sole discretion and for any reason at any time without being obliged to provide you with any explanation or justification therefor. 4.2 In this regard, you understand that the laws relating to financial contracts vary throughout the world, and that it is your sole responsibility to ensure that you comply fully with any law, regulation or directive relevant to your country of residence, in relation to accessing and/or using our Online Trading Facility. For the avoidance of doubt, the ability to access our Online Trading Facility does not necessarily mean that the Online Trading Facility and/or any activities you may conduct through it are lawful under the relevant laws, regulations or directives of your country of residence. 4.3 Our Online Trading Facility does not constitute, and may not be used for the purposes of, an offer or solicitation to any person in any jurisdiction where such offer and/or solicitation is not permitted.
Services
5.1 In light of our agreement to maintain one or more accounts for you and to provide services to you in connection with the purchase and sale of supported financial instruments, which may be purchased or sold through or through our Online Trading Facility, or otherwise, the Account, you hereby agree to the following: These terms and conditions cover the full scope of the services we provide including, but not limited to, access to and use of the Online Trading Facility, our data collection and storage practices, downloadable materials from the Online Trading Facility, and financial information published on our website.
Trading facilities (whether by us or any affiliated party), electronic content, real-time information, certain currency exchange rates, tools for executing transactions in the foreign exchange market via the Internet, telephone or email and any other features, content or services that we may add in the future. These terms and conditions cover any form of communication between us and you including electronic messages, email, telephone and otherwise.
Registration Requirements
6.2 Please note that when you register with us, you will choose a username and password that personally identifies you each time you log in to our system (“Access Codes”). Your Access Codes (Username and Password) must remain strictly private and confidential at all times. You are solely responsible for protecting this information and are responsible for all actions taken using your User Information. You agree to:
– Notify us immediately of any unauthorized use of your Access Codes or any other breach of security
– At the end of each use, to log out of your Account in an orderly manner. If the security of your access codes has been compromised, or if you suspect they are being used incorrectly – please contact our customer support team immediately.
Know Your Customer Requirements
We are required by law to confirm and verify the identity of every person who registers on our system and opens an account with us; therefore, as part of our obligations to comply with applicable Anti-Money Laundering and Know Your Customer law, you will be required to provide us with the following information when you register with us:
- Name
- Address/Residence
- Date of Birth Information
- directions
Any other personally identifiable information we may request from time to time, such as a copy of your passport.
7.1 You must provide us with correct and complete information at all times; including but not limited to,
the information/documents mentioned above.
7.2 In this regard, you represent, warrant, undertake and agree that:
– You are at least 18 years of age, or the age of legal consent to engage in financial investment activities
under the laws of any jurisdiction applicable to you.
– You are of sound mind and able to take responsibility for your actions.
– All details you have provided to us or any details provided to us when opening an account and making a deposit are true, accurate, complete and match the name on the payment card and/or payment accounts from which you intend to deposit or receive funds.
-You have verified and determined that your use of our online trading facility does not violate any laws or regulations of any jurisdiction applicable to you.
7.3 If any of the above data is untrue or inaccurate in relation to you, please notify our Customer Support Team immediately, and we will advise you how you can continue to access and/or use our Services.
– Any other information as required by applicable laws and regulations.
7.4 You undertake to immediately notify the Company of any change in circumstances that render the information provided during the account opening process incorrect and to provide the Company with appropriately updated information within 30 days of such change in circumstances. If you fail to comply with these obligations or refuse to provide the required documents to prove the case, the Company reserves the right to suspend or even close the accounts you hold. 7.5 You hereby expressly acknowledge and agree that the penalty for providing incorrect, inaccurate, misleading or otherwise incomplete information is your immediate breach of these Terms and Conditions. As such, we reserve the right to immediately suspend and/or terminate your Account and suspend and/or prevent you from accessing and/or using our Online Trading Facility, without prejudice to any other rights and/or remedies we may have under and/or under this Agreement.
You may from time to time be required to provide us with certain documents to verify the details of the credit/debit card to which you are crediting your Account. Subject to our satisfaction with such document verifications, you may or may not be permitted to deposit further funds by recurring credit card or other payment methods.
7.7We may choose to provide you with documents, information and communications in different languages. By accepting these Terms and Conditions, you acknowledge and confirm that our official language is English and in the event of any discrepancy or conflict between any documents, information and communications in any language other than English and the same in English, the English documents, information and communications shall prevail. 7.8 We reserve the right to communicate with you by telephone, fax, email, publications, newsletters issued by us and/or any other means of communication, whether such communications are addressed to you personally or generally to all our clients and/or published in our online trading facility. By accepting these Terms and Conditions, you acknowledge and confirm, without prejudice to any other terms of this Agreement, that all such communications from us are deemed acceptable and that any information or notification so provided shall be deemed to have been received by you and/or any transaction so executed shall be deemed final and binding on you. 7.9 By opening an Account with us, you hereby expressly agree to abide by all of our rules, policies and operating procedures governing your activities on our Online Trading Facility. We reserve the right to refuse and/or reject our services to any person and to close any person’s account, at any time, in our sole discretion, for any reason, without being obligated to provide any explanation or justification. All data relating to persons who open an account with us shall remain our sole and exclusive property, and by entering into this Agreement, you do not acquire any right to any such information, except as expressly provided herein. 7.10 We also reserve the right to investigate, at any time, in our sole discretion, and for any reason whatsoever – without being obligated to provide you with any explanation or justification – any activity which may be in breach of this Agreement, including, without limitation, any use of software applications to access the Online Trading Facility and/or any participation in any activity prohibited by this Agreement. We shall not be liable (a) for anything relating to your trading activities on or through our Online Trading Facility, nor (b) the manner in which you conduct your trading activities on or through our Online Trading Facility; In particular, but without limitation to the generality of the foregoing, we will not be liable for any of the following:
(a) Unauthorized Real Money Transactions
(b) Unauthorized Real Money Transactions conducted by unauthorized minors
(c) Physical verification that you possess the appropriate knowledge and/or experience to use our Online Trading Facility.
We will not be liable in any way (including for damages and losses arising from the use of our online trading facility) if you use our online trading facility without proper knowledge, and we reserve the right to assess and re-assess your knowledge and experience of using our online trading facility at any time, at our sole discretion.
Your account with us
For the purpose of our Services and the transactions described herein, subject to the terms and conditions set forth herein, we will facilitate the opening and operation of one or more accounts for you on our Online Trading Facility, denominated in a currency designated by you, in which all transactions and/or contracts entered into by you through our Online Trading Facility will be recorded.
8.1 Base Currency
8.1.1 You shall set a base currency for each of your accounts on our Online Trading Facility, which shall be US Dollars, or any other currency listed on our Site(s), which is identified and/or stated in advance as the base currency of your account.
8.1.2 All payments from you to your account in our online trading facility will be made in the base currency of your account. If we receive or recover any amount in respect of any of your obligations in a currency other than the base currency of your account, the provisions of section 46 above shall apply mutatis mutandis.
8.1.3 When making a withdrawal or refund from your account, we reserve the right (but will not be obliged under any circumstances) to transfer the funds into the same currency in which we initially received such funds; if such withdrawal or refund is made in a currency other than the base currency of your account, the provisions of section 46 above shall apply mutatis mutandis.
8.1.4 We will not accept any payment instructions to a third party from your account, unless we specify otherwise in writing.
8.2 Credentials (Access Tokens)
8.2.1 In order to allow you to access and use our Online Trading Facility, we will provide you for each Account with a unique User Name and Password which will allow you to; (a) access and use our Online Trading Facility; (b) access and use your Account for the purpose of assessing real-time valuations of open Trading Positions and consulting and/or reviewing historical Transaction and Account data; and (c) access and use your Account for the purpose of entering into Transactions and/or Contracts and conducting Transactions in relation to Transactions and/or Contracts via our Online Trading Facility. Your logins and passwords will remain in effect unless terminated by either party. We may provide alternative login information and passwords, at any time we deem appropriate, to protect the security of your account and/or prevent unauthorized access and/or use of your account. 8.2.2 In connection with any of your Access Codes, you represent and warrant that:
(a) you will be responsible for the confidentiality and use of your Access Codes;
(b) other than with our prior written consent,
you will not disclose any of your Access Codes to other persons for any purpose whatsoever;
(c) we may rely on all instructions, orders and other communications entered into using any of your Access Codes, and will be bound by any
transaction entered into or expenses incurred on your behalf in reliance upon such instructions, orders and other communications.
8.2.3 If your access codes are lost, stolen or compromised, you will notify us immediately.
Upon receipt of such notice, we will immediately terminate your Access Codes, provided, however, that you shall remain liable at all times for any actions taken through the use of your Access Codes prior to their termination by us. 8.2.4 You shall hold us harmless and indemnify us from any and all damages, costs and expenses arising from your failure to comply with this section.
Finance and Payments
9.1 You may deposit funds into your Account at any time. Deposits will only be accepted through the payment method provided by the Company (e.g. bank transfer, electronic payment methods, etc.) in the same name as you.
No third party or anonymous payments will be accepted under any circumstances. We do not accept payments in cash and/or cheque, unless expressly specified and otherwise stated. 9.2 If you give instructions to withdraw funds from your Account, we will immediately reduce the requested funds from your Account balance and will do our best to process the specific withdrawal request within 24 business hours, provided that the following requirements are met: (a) the withdrawal request includes all necessary information; (b) the instruction is to make a payment through a payment method in your name (e.g., bank transfer, electronic payment method(s), etc.); (c) you have provided complete identification documents to support your withdrawal request; and (d) in cases where there are open positions in the Account, the margin level in your Account is not less than the minimum required. 9.3 If we accept any payments made by debit/credit card or other payment method in connection with the processing fees, we reserve the right to charge a conversion fee.
9.4 You bear all foreign exchange risk arising from any deposits and/or withdrawals from your account, or resulting from our compliance with our obligations or exercise of our rights under these terms and conditions.
9.5 We will not be liable: (a) to pay interest to you on any credit balance(s) in any account(s) or
on any other money you deposit with us or we hold on your behalf; or (b) to charge you for any interest we receive,
or benefit from, in connection with any money you deposit with us or we hold on your behalf, or in connection with any contract and/or
transactions. You agree to waive all rights to such interest and acknowledge and agree that we shall be the beneficiaries of all such interest.
Deposits, Withdrawals and Refunds
10.1 Deposits
10.1.1 We reserve the right to impose deposit limits and deposit fees on our system(s) at any time.
10.1.2 You agree that any funds transferred to our bank accounts or e-wallets by you or, where permitted, on your behalf, will be deposited into your account with us on the due date thereof and net of any fees/charges charged by our payment service providers or any other intermediary involved in our receiving such transaction.
10.1.3 Before accepting any such funds into our bank accounts and/or making any such funds available in your account with us, we must be fully satisfied that you, as our customer, are the sender of such funds, or that such funds have been sent to us by an authorised representative of you, as our customer.
10.2 Withdrawals and Refunds
10.2.1 We reserve the right to impose withdrawal limits and withdrawal fees in our systems at any time.
10.2.2 When making a withdrawal request, you may be required to provide documentation as required by the Anti-Money Laundering Act or any other similar rules and regulations applicable to us.
10.2.3 When making a withdrawal or refund, we reserve the right (but will not be obliged in any way) to transfer the funds to the same remitter, and to the same payment method through which such funds were initially received by us. In this regard, we reserve the right, in our sole discretion, to (a) refuse withdrawals via certain payment methods;
(b) to request another method of payment as specified in any withdrawal request, in which case a new withdrawal request may have to be submitted or (c) to require the submission of further documentation, as required under anti-money laundering legislation or any other similar rules and regulations applicable to us, before proceeding with any withdrawal request.
10.2.4 If we are unable to transfer the funds, or any part thereof, to the same remitter, and in the same payment method as the funds were received by us, we reserve the right to transfer the funds via an alternative payment method chosen by us, in any currency we deem appropriate (irrespective of the currency in which the initial deposit was made).
Under such circumstances, we will not be liable for any transfer fees or charges imposed by the recipient and/or for any currency exchange rates resulting from the payment of such amount.
10.2.5 Withdrawal requests that are accepted and approved by us in accordance with the terms of this Agreement will be processed, in principle, within 24 business hours after receipt of the transfer request instructions. We reserve the right to refuse a withdrawal request if the request does not comply with the provisions of these Terms and Conditions, or to delay processing the request if we are not satisfied with the additional documentation provided with the withdrawal request. 10.2.6 You agree, where requested by us, to pay any bank transfer fees incurred when you withdraw funds from your account or when we return funds to your designated bank account. You are solely responsible for the payment details you provide to us and we have no liability for your funds
0.3 Card Deposits
10.3.1 You can deposit funds into your account with us quickly and easily by credit or debit card. The transaction is processed entirely electronically – online.
10.3.2 Before you can use your credit card, we reserve the right, but will not be obligated under any circumstances, to require you to register it with us. Depending on the case, the credit card registration process will be clearly explained on the credit card deposit screen displayed in our online trading facility. When submitting your credit card registration, you may be asked to provide documentation as required by the Anti-Money Laundering Act or any other similar rules and regulations applicable to us. Once your credit card has been successfully registered, you may begin to deposit funds into your account by credit card.
10.3.3 Registering and using your debit card is similar to using a credit card. The debit card must be linked to either a Visa or MasterCard. The following information must match: The mailing address you provide when registering your account must match the billing address on your credit/debit card statement, and your full name must match the name on your credit/debit card. 10.3.4 The Company takes the protection of its customers seriously and has a number of systems, controls and tools in place to protect them from credit card fraud in order to comply with all applicable anti-money laundering regulations. The systems, restrictions and controls implemented by the Company to prevent and/or identify fraudulent credit card activity may include, but are not limited to, limits on; the number of transactions allowed within a given time frame, the amounts allowed to be deposited within a given time frame, the amounts allowed to be deposited per transaction, etc. 10.3.5 In the event that the Company’s systems and tools, as well as the systems and tools of the Company’s payment service providers, identify a violation of the above limits and restrictions and/or Customers’ failure to pass security and authentication checks, appropriate measures will be taken to prevent any potential fraudulent credit card activity and to ensure Customers’ protection. These measures may include, but are not limited to, the following;
Investigations and/or further checks and/or requesting additional documentation in order to verify the Credit Card details
and ensure that you are the legitimate owner/user of the Credit Card(s) used.
Delays in completing transactions due to ongoing investigations; Rejecting the credit card(s) in question and returning the net amount deposited to the same credit card account and the same payment method through which the deposit(s) were made.
Cancelling fraudulent transactions as soon as they are discovered; Block access to our online trading facility, block and/or revoke your access codes and/or terminate your account(s). Seize any profits and/or revenues directly or indirectly generated through the conduct of any prohibited trading activity and cancel any account(s) and active orders associated with a credit card that has been identified as fraudulent. Refuse to process transactions that exceed limits/restrictions and/or fail to pass security and authentication checks.
10.3.6 Credit/Debit Card transactions are generally processed within minutes of being requested. Funds deposited are available for use immediately. We do not charge any fees for using this service. If we accept any payments made by credit/debit card or any other payment method that may charge a processing fee, we reserve the right to charge a transfer fee. All transactions must be listed as purchases on your credit/debit card statement. You may wish to contact the issuing bank to ask if there are any fees on their part in processing these transactions. 10.3.7 If you plan to use more than one credit/debit card to deposit funds into your account, you will need to register them with us in accordance with the procedures. 10.3.8 It is important that you keep a record of all your credit/debit card deposits. To assist you in maintaining these records, you should be aware that your credit/debit card deposits are recorded and reported on your credit/debit card statement.
10.4 Refunds
10.4.1 If you charge back your credit card company (intentionally or by mistake) for any deposit you have made to your account with us, we reserve the right to charge your account a $100 “Investigation Fee” upon receipt of the chargeback by our merchant provider to cover our investigation expenses to prove that you made the deposit, and you hereby authorize us to collect this amount from your credit card. 10.4.2 We do not tolerate credit card fraud, and all fraud, without exception, will be prosecuted through criminal proceedings in your local jurisdiction to the fullest extent of the law. In addition, we will pursue civil legal proceedings in your local jurisdiction to recover any loss of income related to the fraud, including business and legal fees, research costs, employee downtime, and loss of revenue. 10.4.3 We use various techniques to detect fraudulent transactions across our Services. Fraudulent transactions are cancelled immediately upon detection. Any active orders associated with the same fraudulent credit card will also be cancelled immediately. We also actively utilize external resources across the industry such as worldwide fraud blacklists etc. to prevent fraudulent users from accessing our online trading facility. 10.4.4 You agree that if you choose to do business with us and file a chargeback with your credit card company, but are not successful in your chargeback argument, you agree to pay us, in addition to the $100 investigation fee above, a $100 processing fee for our time in responding to the matter. You hereby authorize us to charge such amount to your credit/debit card. If such charge is denied, we will take legal action to recover the losses of our time associated with responding to the chargeback in addition to any other fees set out above. You agree to indemnify us or any representative we may appoint for any legal expenses that may be incurred as a result of your actions. 10.4.5 In addition, we will attempt to recover the fraudulently disputed charge plus additional costs through a third party collection agency and your account will be reported to all credit bureaus as a delinquent collection account. Furthermore, in such cases, we reserve the right, at our discretion, to
Private, to take all actions we deem appropriate, including, without limitation, blocking access
to the Online Trading Facility, blocking and/or revoking your access codes and/or terminating your Account. In
such circumstances, we reserve the right to seize any profits and/or proceeds made directly or indirectly through the conduct of any prohibited business activity and to report any third party concerned to us of your breach of this clause.
10.4.6 We take fraud very seriously. We maintain IP records of all deposits made into our Accounts – any orders returned as chargebacks due to fraudulent activities will be pursued seriously through criminal proceedings in your local jurisdiction for prosecution to the fullest extent of the law.
Inactive and Archiving Policy
1.1 If there is no activity (trading/withdrawals/deposits) on all of your accounts for a specified period of not less than 60 calendar days, we will consider your accounts “dormant.” An account will be considered dormant from the last day of the 60 calendar days in which there has been no activity (trading) on the account.
11.2 Any pending orders from dormant accounts may be deleted.
11.3 Dormant accounts will be charged a monthly inactivity fee of US$20 (twenty dollars or the full amount of the free balance in the account).
11.4 Accounts with zero balance will be archived after a period of ninety (90) calendar days.
Identifier Broker Policy
12.1 International Baccalaureate Requirements; Any individual or institution can open an IB account with Babylon by fulfilling the general conditions for opening an account as stated in the Terms and Conditions.
To become an IB a minimum of 3 active clients must be submitted. Active clients means that the client has successfully opened and verified his/her account and has deposited a minimum of USD 300 for trading activities.
Introducing Brokers are not allowed to have their own account or the accounts of their immediate family members for commission purposes.
Commission will be added to the Introducing Broker account based on the initial agreement and commission structure as agreed, which can be daily or monthly.
12.2 Obligations of the Introducing Broker
A registered Introducing Broker must not take or omit to take any action which it knows or reasonably should know is likely to damage or harm our reputation in any way or to our reputation or the reputation of any of our partners.
Not to knowingly do or commit (or permit to be done or committed) any act, matter or thing which it knows or reasonably should know is likely to put us in breach of any of the provisions of the Client Agreement or the Applicable Regulations.
Do not make any representation or warranty on our behalf except as expressly authorized by us.
Do not, as an Introducer, assume any liability on our behalf or in any way pledge or offer our credit or accept or enter into any contract binding on us.
Act in good faith at all times for and in our favour.
Do not represent in any way to any Client that you are or will insure that Client against loss, or limit that Client’s loss or do not request or attempt to collect the required initial maintenance margin as specified by us.
Do not do anything, whether intended or having the effect of creating a contract or binding arrangement between us and any third person or
involving us in any liability.
Do not at any time own any Client assets or money that is or will be treated as
Client money.
12.3 How to maintain your Introducing Broker Account You must introduce a minimum of three new Premium Clients each
month.
Each client’s minimum trading account must be funded according to the initial requirements.
If the Introducing Broker does not meet the above requirements, the Company has the right to cancel or freeze commissions until the requirements are met.
The Company also has the right to cancel the Introducing Broker’s account in cases where its requirements are not met.
Swap-free accounts (Islamic)
13.1 We offer the possibility of opening Islamic (swap-free) accounts with us. Swap-free trading accounts are available only to clients who cannot use swaps due to their religious beliefs. Accordingly, in all cases where we receive a request for an Islamic (swap-free) account, we reserve the right to request justification and/or proof of the necessity or need for any such transfer. Furthermore, we reserve the right to refuse to process any such request for any reason, without being obliged to provide any explanation or justification. 13.2 Clients are not permitted to use Swap-Free Accounts to make profits from swaps and may not request the payment of any swap amounts lost as a result of the transfer of their Real Trading Account(s) to one or more non-
swap accounts. (Accounts) for the period during which the Real Trading Account(s) was/are converted to one or more Swap-Free Account(s). 13.3 In the event that we discover any form of abuse, fraud, manipulation, arbitrage in cashbacks, borrowed transactions or other forms of deceptive or fraudulent activity in relation to any Swap-Free Account of any Client, we reserve the right, at any time (a) with immediate effect, to cancel the Swap-Free status (b) to correct and recover any unearned Swaps and/or (c) with immediate effect, to close all of that Client’s Trading Accounts with us, cancel all transactions made in that Client’s Trading Accounts, and cancel all profits or losses.
Terminate the relationship with the client and settle the accounts
14.1 Without prejudice to any other provisions of this Agreement, in particular, but without limitation, those relating to events of default, our relationship with the Customer under this Agreement shall continue in effect until terminated by either party.
14.2 Unless required by applicable laws, rules and/or regulations, either party may terminate this Agreement by giving written notice of termination to the other party.
14.3 Upon termination of this Agreement, all amounts due to us shall become immediately due and payable including all fees, costs and commissions due; any transaction expenses incurred by terminating this Agreement; and any losses and expenses realized in concluding any transaction or contract, or settling or completing outstanding obligations incurred by us on your behalf. 14.4 Upon termination, we will complete all transactions and/or contracts already entered into or in progress and these terms and conditions will continue to bind the parties in respect of such transactions and/or contracts. We shall be entitled to deduct all amounts due to us before transferring any credit balances on any account(s) to you and we shall be entitled to defer such transfer until any and all transactions and/or contracts between you and us have been closed. Furthermore, we shall be entitled to require you to pay any fees incurred in transferring your investments. 14.5 In the event that you engage us, directly or indirectly, in any type of fraud, we reserve the right, in our sole discretion and without prejudice to any other rights we may have under this Agreement, to cancel all previous transactions and/or contracts, which would or could jeopardize our interests and/or any of our (other) clients’ interests.