1 ) Customer’s application to open an Account binds him to the terms and conditions of this Agreement and automatically acknowledges and accepts the below terms and conditions. has the right to maintain one or more accounts in the Customer’s name. It also has the right to engage in transactions for the Customer’s account in accordance with oral, written, or electronic instructions by the Customer and its officers, partners, principals, employees, or other agents (“Representatives”).
2) The risk of all unauthorized instructions administered by his/her Representatives will be borne by the Customer. Customer will indemnify and hold harmless from all claims, liabilities, losses, damages, fees, costs, and expenses relating to or arising from Mic-Market’s reliance on such instructions, including any improper, unauthorized, or fraudulent instructions by the Representatives, except in cases of gross negligence or willful misconduct by Mic-Market.
3) Unless expressly stated otherwise in writing, all transactions between and Customer shall be governed by the terms of this Agreement, as amended from time to time (including, without limitation, Mic-Market’s Risk Disclosures and Trading Policies and Procedures).
1) Has every right to reject the Customer’s application or close the Customer’s Account for any reason, at Mic-Market’s sole and absolute discretion. Customers will need to provide Mic-Market with additional information or documentation. This is done so that Mic-Market can continue carrying the Customer’s Account.
2) Mic-Market may, at any time in its sole and absolute discretion, restrict trading, disbursements, or transfers administered by the Customer. may amend, change, revise, add or modify the Agreement at any time. The latest Agreement will be posted on Mic-Market’s website. This Agreement cannot be modified by any verbal statements or written amendments that the Customer seeks to make to the Agreement without written acceptance from the General Counsel of Mic-Market.
4) Customer hereby acknowledges and agrees that Accounts are segregated in Mic-Market’s books and records only. The customer also acknowledges that the Customer’s funds are not FDIC-insured and are deposited with a liquidity provider, which is selected by at its sole discretion.
1) If this Account is held by more than one (1) person, all the joint holders hereby agree that they are all fully liable for the obligations assumed in this Agreement.
2) If this Account is held in trust, joint ownership, or partnership, the undersigned hereby agrees to indemnify, defend and hold harmless for any losses resulting from a breach of any fiduciary duty of the undersigned to the other holders and beneficiaries of this Account.
3) Furthermore, any one or more of the joint owners shall have full authority for the Account and at risk of the Account owners, to buy, sell, and trade in transactions of off-exchange products, to deposit with and withdraw from Mic-Market, currencies, securities, negotiable instruments, and other property, including withdrawals to or for the individual use or Account of the party directing the sale or of any other party. Moreover, all joint owners have the authority and are liable for all actions including receiving and acquiescing in the correctness of notices, confirmations, requests, demands, and all other forms of communications, and to settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes, and controversies.
4) Upon death or legal incapacity of any of the undersigned, is authorized to take such action with regards to the Account, as the Company may deem advisable to protect itself against any liability, penalty, or loss.
5) The customer agrees to notify immediately upon the death or legal incapacity of any joint owner. It is possible that Mic-Market terminates this Agreement by written notice to any one of the joint owners.
1) Customer shall provide and maintain margin in such amounts and in such forms as Mic-Market, at its sole discretion, may require:
2) may oblige the Customer to deposit by immediate wire transfer such additional margin when and as required by the Company, and will immediately meet all Margin Calls in such mode of transmission as shall, at its sole discretion, designate.
3) Possibly, might change margin requirements at any time without prior notice. Mic-Market may limit the amount and/or a total number of open positions that Customers may acquire or maintain at Mic-Market, at its full discretion. reserves the right to close any Customer positions at any time that it deems necessary. Mic-Market shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions, or omissions including but not limited to loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities.
4) For example, in volatile market conditions, a margin call may be delayed resulting in the possibility of a negative usable margin; a margin call may occur even if positions are hedged, in the jurisdictions where hedging is permitted by law, due to rate volatility or daily interest charges or credits.
3) Possibly, might change margin requirements at any time without prior notice. Mic-Market may limit the amount and/or a total number of open positions that Customers may acquire or maintain at Mic-Market, at its full discretion. reserves the right to close any Customer positions at any time that it deems necessary. Mic-Market shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions, or omissions including but not limited to loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities.
1) At its sole discretion and without notice to Customer, Mic-Market may offset Customer’s open positions, rollover Customer’s open positions into the next settlement time period, or make or receive delivery on behalf of Customer upon any terms and by any methods deemed reasonable by Mic-Market, at its sole discretion.
2) At Mic-Market’s sole discretion, terms and/or methods for delivering, offsetting, or rolling over Customer’s open positions may differ on a customer-by-customer basis.
3) The customer acknowledges and agrees that any positions held in the Customer’s Account at 5 PM EST may be rolled over to the next settlement date and the Account may be debited or credited for the interest differential for the rollover period.
1) The customer acknowledges and agrees that offset instructions on positions open prior to settlement arriving at the settlement date must be given to at least one to three business days prior to the settlement or value day. Alternatively, enough funds to take delivery or the necessary delivery documents must be in the possession of Mic-Market within the same period described above.
2) If neither instructions, funds nor documents are received, may without notice, either offset Customer’s position or roll Customer’s positions into the next settlement time period or make or receive delivery on behalf of Customer upon such terms and by such methods deemed reasonable by at its sole discretion.
1) death or judicial declaration of incompetence of Customer or, in the case of a legal entity, its dissolution or liquidation;
2) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer;
3) the filing of an attachment against any of the Customer’s Accounts carried by Mic-Market;
4) insufficient margin or determination by that any collateral deposited to protect one or more Accounts of Customer is inadequate, regardless of current market quotations, to secure the Account;
5) Customer’s failure to provide any information requested pursuant to this Agreement; or
6) any other circumstances or developments that deems appropriate for its protection. At Mic-Market’s sole discretion, it may take one or more, or any portion of, the following actions:
7) sell any or purchase any or all contracts, securities, or other property held or carried for Customer; and
8) cancel any or all outstanding orders or contracts, or any other commitments made with Customer. Any of the above actions may be taken without the demand for margin or additional margin, without prior notice of sale or purchase or other notice to Customer, Customer’s personal or appointed representatives, heirs, executors, administrators, trustees, legatees or assigns, and regardless of whether the ownership interest shall be solely Customer’s or held jointly with others.
1) With regard to managed Accounts, a money manager (“Money Manager”) is a person or entity authorized to make decisions with respect to an Account on behalf of the Account’s beneficial owners, including a trustee, custodian, conservator, guardian, executor, administrator, an attorney in fact, or investment advisor or another person to whom Customer has granted trading authority over an Account.
2) The customer understands and agrees that Mic-Market may, but is not required to, review any action or inaction by a Money Manager with respect to an Account and is not responsible for determining whether a Money Manager’s action or inaction satisfies the standard of care applicable to such Money Manager’s handling of the Account.
3) The customer further understands and agrees that Mic-Market is not responsible for determining the validity of a person’s or entity’s status or capacity to serve as a Money Manager.
4) Customer agrees to hold Mic-Market and its officers, directors, employees, agents, and affiliates harmless from any liability, claim, or expense, including attorneys’ fees and disbursements, as incurred, for the actions or non-actions of Customer’s Money Manager.
The financial information disclosed to Mic-Market in the Application is warranted by the Customer to be an accurate representation of the Customer’s current financial condition.
Customer represents and warrants that Customer has very carefully considered the portion of Customer’s Total Assets that Customer considers to be Risk Capital. The customer also recognizes that Risk Capital is the amount of money the Customer is willing to put at risk. If lost, the Customer acknowledges that this in no way would change the Customer’s lifestyle.
The customer agrees to immediately inform if the Customer’s financial condition changes in such a way as to reduce Customer’s Net Worth and/or Risk Capital.
1) The customer acknowledges that it may not be possible to cancel or modify an order.
2) The customer understands and agrees that, if an order cannot be canceled or modified, the Customer is bound by any execution of the original order.
3) Should Mic-Market be unable to cancel or modify an order, Mic-Market is not liable in any way.
4) The customer further acknowledges that attempts to modify or cancel and replace an order can result in the execution of the order or the execution of duplicate orders. Customer also acknowledges that Mic-Market’s systems do not prevent the execution of orders or duplicate orders from occurring and that Customer shall be responsible for all such executions.
5) The customer agrees not to assume that any order has been executed or canceled until Customer has received confirmation from Mic-Market with regards to order execution. The customer is responsible for knowing the status of the Customer‘s pending orders before entering additional orders.
6) The customer agrees to contact Mic-Market in the event Customer is unclear on the status of an order.
7) The customer agrees to regularly review the Customer’s online Account Statement to confirm the status of the Customer’s orders.
1) Reports of the confirmation of orders and statements of Accounts for Customer shall be deemed correct and shall be conclusive and binding upon Customer if not objected to immediately upon receipt and confirmed in writing within one (1) business day after the execution of the Customer’s order.
2) will provide Customer with access to view Customer’s Account at any time with an online login via the Internet. Mic-Market will not provide trade confirmation via postal mail.
3) Failure to object shall be deemed ratification of all actions taken by or its agents prior to Customer’s receipt of said reports.
4) Customer’s failure to receive a trade confirmation shall not relieve Customer of the obligation to object as set out herein.
Customers shall pay such charges (including, without limitation, mark-ups and markdowns, statement charges, idle Account charges, order cancellation charges, Account transfer charges, introducing broker and Money Manager fees, or other charges) arising out of providing services hereunder. reserves the right to change its charges without notice.
All such charges shall be paid by Customer as they are incurred, or as in its sole and absolute discretion may determine. Customer hereby authorizes Mic-Market to withdraw the amount of any such charges from Customer’s Account(s).
We understand just how important the convenience of deposits and speed of withdrawals are to our clients. We prioritize this, and as such, we have created an offering with a wide selection of convenient payment methods and a streamlined process. We take all reasonable steps to ensure that there is no delay between you placing a deposit or withdrawal request and the transaction being processed. Above all, we ensure you are working within a safe and secure environment. As one of the most highly regulated brokers online, we closely adhere to the strict regulations and compliance procedures set out by the various regulatory bodies we are governed.
Trading online is all about mastering the markets and taking advantage of the many trading opportunities in the financial markets. It is therefore important that you are left to focus on that, rather than administrative tasks like making withdrawals. For that reason, we have made the process of withdrawing your profits as smooth and hassle-free as possible. Below we answer some of the most frequently asked questions.
In order to withdraw your money from your Mic-Marke account, you will need to ensure that your account has been verified and confirmed. Verifying your identity and account is one of the requirements of the regulatory bodies and Mic-Market is required to strictly follow the KYC or Know Your Customer process. This process requires Mic-Market to verify the identity of its clients and to assess any potential risks of illegal intentions.
Mic -Market with the following documents in order to verify your identity:A clear, colored copy of a valid government-issued ID, such as a passport, driver’s license, or ID card. The following information must be clearly visible on the ID: Full name, date of birth, and picture. Please note that it is vital that the information you have used to register your account, matches the information on the ID document provided.
In order to verify your address or place of residence, you will need to provide a utility bill, such as water, electricity, gas, local authority waste disposal, or landline phone. This bill needs to contain the following information: Full name and address. Please note that the utility bill you
supply to Mic-Market needs to be not older than six months. The details on the utility bill must also match the personal details you registered with.
If you have made a deposit using a credit card or have made a deposit on behalf of a third party, you will be required to send verification documents for both parties. You will also need to send Mic-Market a clear, color copy of the front and back of the credit card used. The copy sent needs to clearly show your full name, the expiration date of the credit card, and the first and last 4 digits of the credit card number. Please note that you may block the middle 8 digits of the card number as well as the CVV security code on the back of the credit card.
All the required documentation mentioned above must be clear, readable, and sent to Mic-Market, ensuring that all four corners of each document are clearly visible.
It is very important to note that Mic-Market is not a tax substitute and we request all our clients’ traders to contact the necessary authorities to verify the tax implications.
Once all the required verification documentation has been sent and approved by Mic-Market, you can then go to the client Zone section in your account and complete the withdrawal form in order to get the withdrawal process started.
Mic-Market, we understand that being able to access your funds quickly and seamlessly is important. We, therefore, offer a quick withdrawal process. The Mic-Market withdrawal by bank transfer could be up to 10 business days, and Withdrawals by cryptocurrency up to 24 hours on a working day. Please note that Mic-Market operates from Monday to Friday, excluding weekends and other public holidays or festive days included in the official calendar. It is important to note that in some cases, there may be a delay receiving your funds as a result of clearance delays from banking institutions, electronic payment systems, and credit cards. Please feel free to contact your banking institution to get more information on their processes.
Mic-Market, we pride ourselves on offering exceptional service and meeting the needs of our clients. In comparison, it takes Mic-Market only 24-48 hours to complete the withdrawal process once your account has been verified, while it could take other brokers up to 8 days to process a withdrawal request. Our seamless withdrawal process and the importance we place on giving our clients top-quality service as well as reliability and speed in managing their money, is clearly evident when you join the Mic-Market family. Our existing clients and all those who choose to invest within-Market, know that their money is safe and secure and that the process by which they can withdraw their profits earned on the leading forex and CFD broker’s platforms is simple and fast.
As a broker, Mic-Market needs to operate within strict regulatory requirements. As a result of international anti-money laundering regulations, withdrawals can be sent via the payment methods by which you funded your account. It is very important to note that you can withdraw up to 100% of your deposit to your credit or debit card. After this, you may then withdraw funds by another method, as per your instructions, but it must be in your own name. Let us look at an example for clarification.If you made a credit card deposit of $1,000 and you made a $1,500 profit, you can receive the $1,000 withdrawn back to the original credit card used to make the deposit, and the remaining balance of $1500, can be withdrawn using a cryptocurrency wallet, you may also withdraw your entire account balance by cryptocurrency method.
It takes between 24-48 hours to process a withdrawal request if the account verification process has been completed and approved by Mic-Market. This is the process for credit cards, debit cards, and e-money. It can take up to 10 business days for the funds to reflect in your account. Please check the delay times with your banking institution.
It is also important to ensure that before you make a withdrawal request with Mic-Market, all requirements are met as follows:
Has the verification documentation been sent to Mic-Market according to the requirements?
Have you met the minimum trading requirements of the promotion volume?
Do you have sufficient usable margin in your account?
Have you requested a withdrawal through the correct withdrawal method?Please note that Mic-Market may require additional verification documentation and once all requirements are met, your withdrawal will be processed immediately.
We offer a selection of deposit methods, which vary for different regions. Please know that as a result of our regulatory status, we will need verification documents, such as proof of address, and proof of identity. If you are using a credit card for deposits we will need to see a color scan of both sides of this. Don’t worry, we will let you know exactly what we will need. Please note that these one-off measures are made to protect our clients from fraud, and on a wider scale, we are fighting to avoid money laundering, by fulfilling KYC protocols. Please know that you have the option to trade with a demo account at first, which requires no proof of identity, or payment details. This allows you to practice trading, test drive our platforms and service, and test out your trading strategies. When you are ready, you can then upgrade to a real account, quite easily.
To meet the different needs of our clients, we offer several deposit methods at Mic-Market, and each one has its own specific processing time. To ensure that your funds are made available to you quickly, we request you to please complete the verification process of your account and ensure that all of your uploaded documents have been approved by Mic-Market.
If you use a credit card to make a deposit, the payment should be credited instantly into your account. If there is any delay, please contact customer support and one of our representatives will attend to the matter immediately.
If you deposit funds via cryptocurrency transfer, it is required free confirmation on the blockchain to confirm the cryptocurrency deposit.
In order to open a Mic-Market trading account, the minimum deposit amount is 180 EUR.
To meet the different needs of our traders, Mic-Market offers several ways of depositing money into your trading account:
To make a deposit, the first step is to log in to your Mic-Market account. Click on the ‘Deposit’ section and select your preferred deposit method. Please also ensure that you have selected the specific trading account you wish to deposit into from the drop-down menu.
In order to cancel a deposit, simply email Mic-Market with a request to our customer support team. If you did not make any trades with the funds, the deposit will be canceled within 24 hours and once the process is complete, customer support will send you an update via email. Please note that Saturdays and Sundays are not considered business days and if you send a cancellation request, this will not be actioned until the next business day.
If the credit card you used to make a deposit has expired since your last deposit, you need to please send an email to your account manager or to the Mic-Market customer support team with a brief explanation. They will assist you in updating your details in our system.
If you check your next credit card statement, and no transactions with ATL Pay appear for the amount you deposited, and on the date you made the deposit, it means that funds were never deducted, and the cancellation was successful. If, however, there is a charge on your credit card statement following a deposit cancellation, please allow up to 5 business days for the cancellation to be completed. Often, if you see a transaction on your credit card after you have canceled it, it may be possible that the deposit was not canceled before the statement was sent. The funds should then reflect on your next statement.
Mic-Market does accept 3rd party deposits, however, we will require additional verification documentation. For more information on these requirements, please check the Mic-Market third-party document requirements in our FAQs.
If you have tried to make a deposit and received this error message, “There appears to be a problem processing your transaction, please go back and verify your details and try again”, this usually indicates that your credit card has been declined. Ensure the card details you entered are correct and try to make the deposit again. If you require additional information regarding your credit card, please contact your credit card company or bank.
In the meantime, there are alternative deposit methods that you can use, and details of these options will be listed in your trading account.
A fee of €30 per transaction will be charged for every withdrawal made using a bank account or credit card. However, there are no fees for withdrawals made via cryptocurrency.Mic-Market’s customers can withdraw their funds and benefits whenever they need to. To request a partial or complete withdrawal of funds from your account, the Customer must click on “Withdrawal request” in the Mic-Market client zone or application.
1) Mic-Market is and will not be liable for delays in the transmission of orders due to a breakdown or failure of transmission or communication facilities, electrical power outage or for any other cause beyond Mic-Market’s control or anticipation.
2) Mic-Market shall not be liable for losses arising from the default of any agent or any other party used by Mic-Market under this agreement.
2) Mic-Market shall not be liable for losses arising from the default of any agent or any other party used by Mic-Market under this agreement.
1) Customer hereby acknowledges and agrees that Mic-Market may act as the counterparty to Customer for any trade entered for the undersigned’s Account.
1) The undersigned hereby consents to any such transaction, subject to the limitations and conditions, if any, contained in the Rules or Regulations of any bank, institution, exchange or board of trade upon which such buy or sell orders are executed, and subject to the limitations and conditions, if any, contained in any applicable regulations of any globally recognized regulatory agency.
1) Reports, statements, notices, and any other communications shall be transmitted to Customer electronically by posting to Customer’s online Account or via email to the email address provided in Customer’s application or to such other email address as Customer may from time to time designate to Mic-Market.
1) All emails sent to and from are subject to monitoring, review, or disclosure to someone other than Customer or Customer’s intended recipient. The customer acknowledges that there may be delays in the email being received by Customer’s intended recipient.
2) The customer agrees to hold harmless for any delay in email delivery regardless of whether the delay was caused by Mic-Market or a third party. Email sent to and from a Mic-Market’s address may be retained by Mic-Market’s corporate email system.
3) The customer agrees not to use email to transmit orders to purchase or sell over-the-counter products. The customer also agrees that Mic-Market is not liable for any actions taken or any omissions to act as a result of any email message Customer sends to Mic-Market.
4) Electronic communications with Mic-Market via our Website, wireless device, or touch tone service are also subject to monitoring and review and may also be disclosed to someone other than the recipient. Such communications may be retained by Mic-Market.
Customer acknowledges that Customer must have no separate agreement with Customer’s broker or any Mic-Market employee or agent regarding the trading in Customer’s Account, including any agreement to guarantee profits or limit losses in Customer’s Account. The customer is under obligation to notify Mic-Market Compliance Department immediately in writing as to any agreement of this type.
The customer understands that any representations made by anyone concerning the Customer’s Account that differs from any statements the Customer receives from Mic-Market must be brought to the attention of Mic-Market’s Compliance Department immediately in writing.
Customer understands that Customer must authorize every transaction prior to its execution unless Customer has delegated discretion to another party by signing Mic-Market’s limited power of attorney (“LPOA”).
The customer agrees to bring any disputed transactions to the attention of Mic-Market’s Compliance Department pursuant to the notice requirements of this Agreement.
The customer agrees to indemnify and hold Mic-Market harmless from all damages or liability resulting from the Customer’s failure to notify Mic-Market’s Compliance Department within one (1) business day of any of the occurrences referred to herein. All notices required under this section shall be sent to Mic-Market at its address.
The customer acknowledges that Mic-Market may enter into revenue-sharing arrangements with or retain the services of any other third-party vendors in connection with technical support, back-office, and operational support functions relating to the Customer’s Accounts.
Mic-Market reserves the right to enter into such compensation or revenue-sharing arrangements with any other third-party vendors based on the volume traded, bid/offer pricing or other outside commission or revenue-sharing models.
The customer agrees to and acknowledges that Mic-Market may conduct the following procedures at the time of the opening and throughout the existence of the Account:
Mic-Market may monitor the trading activity in Accounts to investigate or identify potential money laundering.
Customer agrees and acknowledges that Customer is the exclusive owner and solely responsible, jointly and severally if applicable, for the confidentiality and protection of Customer’s Account number(s) and password(s) that allow Customer to place online orders and access Mic-Market’s electronic trading systems.
The customer further agrees that he/she will be fully responsible for all activities including brokerage transactions that arise from the use of the Customer’s Account number(s) and password(s).
Customer agrees to indemnify and not hold Mic-Market liable if any other person is utilizing Customer’s confidential information and such other person provides instructions to Mic-Market that may be contrary to Customer’s instructions.
The customer will immediately notify Mic-Market in writing or by email of any loss, theft, or unauthorized use of the Customer’s Account number and/or passwords.
All copyright, trademark, trade secret, and other intellectual property rights in the Mic-Market Trading Platform (“Trading Platform”) shall remain at all times the sole and exclusive property of Mic-Market and/or its 3rd party service providers and Customers shall have no right or interest in the Trading Platform except for the right to access and use the Trading Platform as specified herein.
The customer acknowledges that the Trading Platform is confidential and has been developed through the expenditure of substantial skill, time, effort, and money.
Customers will protect the confidentiality of Mic-Market and/or its 3rd party service providers by allowing access to the Trading Platform only by its employees and agents on a need-to-access basis.
The customer agrees to not publish, distribute, or otherwise make information available to third parties, any information derived from or relating to the Trading Platform.
Customers will not copy, modify, decompile, reverse engineer, or make derivative works of the Trading Platform or in the way it operates.
Mic-Market does not and will not give legal or tax advice or make recommendations and the Customer is aware and acknowledges this. The customer acknowledges that Mic-Market makes no representations concerning the tax implications for treatment of contracts.
Customer agrees that Customer is a self-directed investor and all orders entered are unsolicited and based on Customer’s own investment decision or the investment decision of Customer’s duly authorized representative.
Customer agrees that neither Mic-Market nor any of its employees may be Customer’s duly authorized representative and that Customer will neither solicit nor rely upon Mic-Market or any of its employees for any such advice.
Customer understands that Customer is solely responsible for all orders entered, including but not limited to trade qualifiers, the number of trades entered, the suitability of any trade(s), investment strategies, and risks associated with each trade, and will not hold Mic-Market or any of its employees liable for those investment decisions.
The customer further understands that Mic-Market does not and will not review the appropriateness or suitability of any transactions implemented or investment strategies employed in the Customer’s Account.
Customer hereby agrees to hold Mic-Market and its officers, directors, employees, agents, and, affiliates harmless from any liability, financial or otherwise, or expense (including attorneys’ fees and disbursements), as incurred, as a result of any losses or damages Customer may suffer with respect to any such decisions, instructions, transactions or strategies employed in Customer’s Account by Customer or Customer’s duly authorized representative, or as a result of any breach by Customer of any of the covenants, representations, acknowledgments or warranties herein
Any market recommendations and information communicated to the Customer by Mic-Market or by any person within the company, does not constitute an offer to sell or the solicitation of an offer to buy any contract such recommendation and information, although based upon information obtained from sources believed by Mic-Market to be reliable, may be based solely on a broker’s opinion and that such information may be incomplete and may be unverified; and Mic-Market makes no representations, warranties or guarantees as to, and shall not be responsible for, the accuracy or completeness of any such information or trading recommendation furnished to Customer.
The customer acknowledges that Mic-Market and/or its officers, directors, affiliates, associates, stockholders, or representatives may have a position in or may intend to buy or sell, which are the subject of market recommendations furnished to the Customer. Furthermore, the market position of Mic-Market or any such officer, director, affiliate, associate, stockholder, or representative may not be consistent with the recommendations furnished to Customer by Mic-Market.
The customer acknowledges that investments in leveraged transactions are speculative, involve a high degree of risk, and are appropriate only for persons who can assume the risk of loss of their margin deposit.
The customer understands that because of the low margin normally required in trading over-the-counter contracts, price changes in contracts may result in the loss of the Customer’s margin deposit.
Customer warrants that Customer is willing and able, financially and otherwise, to assume the risk of trading, and in consideration of Mic-Market’s carrying his/her Account(s), Customer agrees not to hold Mic-Market responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives.
The customer recognizes that guarantees of profit or freedom from loss are impossible in trading.
Customer acknowledges that Customer has received no such guarantees from Mic-Market or from any of its representatives or any introducing agent or other entity with whom Customer is conducting his/her Mic-Market Account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.
Customer agrees and acknowledges that all conversations regarding Customer’s Account(s) between Customer and Mic-Market personnel may be electronically recorded with or without the use of an automatic tone warning device.
Customer further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or proceeding that may arise involving Customer or Mic-Market.
The customer understands that Mic-Market destroys such recordings at regular intervals in accordance with Mic-Market’s established business procedures and the Customer hereby consents to such destruction.
All monies, securities, negotiable instruments, contracts, and/or other property on deposit with Mic-Market or its affiliates, in the Customer’s Account, for any purpose, including safekeeping, are hereby pledged with Mic-Market and shall be subject to a security interest in Mic-Market’s favor for the discharge of all Customer’s obligations to Mic-Market, irrespective of the number of Accounts Customer has with Mic-Market.
The customer acknowledges that Mic-Market has the right to use the above-described properties and any Account credit to offset against any of the Customer’s obligations to Mic-Market including, but not limited to, transfers for the purpose of margining, or for application to negative balance Accounts not promptly paid, as well as delivery costs and charges.
Customer hereby also grants to Mic-Market the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other customers, to itself or to others, any funds, securities, currencies, and the foreign currency or off-exchange transactions of Customer held by Mic-Market as margin or security. Mic-Market shall at no time be required to deliver to Customer the identical property delivered to or purchased by Mic-Market for any Account of Customer.
Mic-Market and/or its 3rd party service providers provide trading technology for Customer’s use in connection with transactions made by Customers with Mic-Market. Such trading technology includes but is not limited to, the Trading Platform, web applications, application program interfaces, software, software code, programs, protocols, and displays (collectively “Technology”) for trading, analyzing trades and markets, and constructing automated trading systems.
Mic-Market provides the Technology “as is,” without any warranties of merchantability, fitness for a particular purpose, or other express or implied warranties.
Mic-Market is not liable for the operation or performance of any automated trading system developed with Technology or for any malfunctions of Technology or for any delays or interruptions in the transmission of orders resulting from breakdown, excessive call volume, or failure of transmission or communication equipment on the Internet or otherwise, including, but not limited to, communications problems, computer software or hardware breakdowns, malfunctioning errors, any and all problems or glitches associated with computer problems or any other technical cause or causes.
This includes but is not limited to, special calls for information. In the event of a special call for information, Mic-Market or its agent shall be required to obtain the information set forth by any governmental unit or regulatory agency requesting information. In addition, Customers may be prohibited from transactions (other than offsetting trades) should there be a failure to respond to a special call.
Foreign Accounts must copy and forward an official form of picture identification and must provide a bank reference before the Customer is approved for trading.
Irrespective of any change or changes at any time in the personnel of Mic-Market or its successors, assigns, or affiliates, this Agreement shall be continuous and shall cover, individually and collectively, all accounts of Customer at any time opened or reopened with this agreement including all authorizations shall inure to the benefit of Mic-Market and its successors and assigns, whether by merger, consolidation or otherwise and shall be binding
upon Customer and/or the estate, executor, trustees, administrators, legal representatives, successors and assigns of Customer.
Customer hereby ratifies all transactions with Mic-Market affected prior to the date of this Agreement and agrees that the rights and obligations of Customer in respect thereto shall be governed by the terms of this Agreement.
This Agreement may be terminated by Customer at any time and shall continue in effect until termination when Customer has no open position(s) and no liabilities held by or owed to Mic-Market upon the actual receipt by Mic-Market of written notice of termination via email, or at any time whatsoever by Mic-Market upon the transmittal of written notice of termination to Customer; provided, that such termination shall not relieve either party of any obligations set out in this Agreement nor shall it relieve Customer of any obligations arising out of prior transactions entered into, in connection with this Agreement.
This Agreement shall not be deemed to be accepted by Mic-Market. Nor does it become a binding contract between Customer and Mic-Market.
Customer agrees to indemnify and hold Mic-Market, its affiliates, employees, agents, successors and assigns harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by arising out of Customer’s failure to fully and timely perform Customer’s responsibilities herein or should any of the representations and warranties fail to be true and correct.
The Customer also agrees to pay promptly to Mic-Market all damages, costs, and expenses, including attorney’s fees, incurred by Mic-Market in the enforcement of any of the provisions of this Agreement and any other agreements between and the Customer.
Mic-Market shall not be liable to Customer for any claims, losses, damages, costs, or expenses, including attorneys’ fees, caused, directly or indirectly, by any events, actions or omissions, including, without limitation, claims, losses, damages, costs or expenses, including attorneys’ fees, resulting from civil unrest, war, insurrection, international intervention, governmental action (including, without limitation, exchange controls, forfeitures, nationalizations, devaluations), natural disasters, acts of God, market conditions, inability to communicate with any relevant person or any delay, disruption, failure or malfunction of any transmission or communication system or computer facility, whether belonging to Mic-Market, Customer, any market, or any settlement or clearing system.
The term “Mic-Market” shall be deemed to include Mic-Market, its affiliates, divisions, successors, and assigns. The term “Customer” shall mean the party (or parties) executing the Agreement; and the term “Agreement” shall include all other agreements and authorizations executed by Customer in connection with the maintenance of Customer’s Account with Mic-Market regardless of when executed.
The paragraph headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or affect the meaning of any of its provisions.
This Agreement, and the rights and obligations of the parties hereto, shall be governed by, construed, and enforced in all respects by the laws of Cypress, without regard to choice of law principles.
Website refers to Mic-Market’s Website and additional Websites that may register). The Website provides Customers with content and information. The content on the Website is provided as a convenience but may be inaccurate or outdated.
The customer agrees to always rely upon the Customer’s transaction confirmations and statements as the official records of the Customer’s Account. Information is not related specifically to an Account.
Information is financial or investment information provided by third parties to that provides to the Customer, which includes market data, news, research, financial analysis, commentary, or tools.
The information on the Website is provided from sources believed to be reliable but cannot be guaranteed. The information provided on our websites is not customized for the Customer and the Customer understands that the information provided to the Customer is not a recommendation to Customer about the suitability of purchase and/or sale of any trading product.
may without notice to the Customer change, revise, modify, add, upgrade, remove, or discontinue any part of Mic-Market’s Website. The Website may include hyperlinks to third-party Websites.
is not responsible for the information or content provided by such third-party Websites.
Customer agrees that the market data, news, and other information available to Customer through our Website is for Customer’s personal use and that Customer will not retransmit or republish this information in any form without the written consent of Mic-Market.
No provision of this Agreement may be waived or amended unless the waiver or amendment is in writing and signed by both Customer and an authorized officer of Mic-Market.
No waiver or amendment of this Agreement may be implied from any course of trading between the parties or from any failure by Mic-Market or its agents to assert its rights under this Agreement on any occasion or series of occasions.
No oral agreements or instructions to the contrary shall be recognized as enforceable.
This instrument and the attachments hereto embody the entire agreement of the parties, superseding all prior written and oral agreements and there are no other terms, conditions, or obligations other than those contained herein.
This Agreement, any attachments thereto, and the terms and conditions contained in statements and confirmations contain the entire agreement between the parties with respect to the subject matter hereof.
If any provision or condition of this Agreement shall be held to be invalid or unenforceable by any court, or regulatory or self-regulating agency or body, such provision shall be deemed modified, or, if necessary, rescinded in order to comply with the relevant court, or regulatory or self-regulatory agency or body.
The validity of the remaining provisions and conditions shall not be affected thereby, and this Agreement shall be carried out as if such invalid or unenforceable provision or condition was not contained herein.
The customer authorizes to transfer and assign the Customer’s Account to a futures commission merchant or another legal entity. The customer may not transfer or assign this Agreement without Mic-Market’s prior written consent. Any purported assignment by the Customer in violation of this provision is null, void, and unenforceable.
Trading in a margin account involves a high degree of risk including the risk of loss of the Customer’s entire Risk Capital deposited with Next Trader .
In consideration, agreeing to enter into contracts with its Customer(s) for this Account, requires all the undersigned Customer(s) to analyze their financial objectives, financial status, investment constraints, and tax situation to determine whether trading is suitable. In addition, we require our Customers to carefully read and acknowledge the Risk Disclosure Statement that outlines without limitation the risks associated with trading a margined account through Mic-Market.
A) OTC Margined Trading involves a high amount of risk and is highly speculative. Customer(s) agrees that they are in full understanding and willing to assume the legal, economic, and other risks associated with trading a margined account, and are willing and able to assume the loss of their entire Risk Capital, defined as those funds, that if lost, would not change your lifestyle or your family’s lifestyle. As such, they further agree that margined trading is not suitable for Retirement Funds. encourages Customers to closely manage outstanding open positions and to use prudent money management precautions such as, but not limited to, Stop Loss Orders.
B) Excessive leverage available with Margined accounts can lead to quick losses. Customer(s) agrees that using a high degree of leverage, defined as the use of a small amount of capital to control a larger amount of an Open Position, can result in large losses due to a price change(s) of an open contract(s) with provides leverage on most trading products for most customers of 500:1 or more. With 500:1 leverage the Customer has the potential to control a $5,000,000 position with $50,000 in an Account. Mic-Market encourages its Customers to use only that portion of leverage that the Customer is most comfortable with and to use money management precautions such as, but not limited to, Stop Loss Orders for the purpose of limiting risk. Mic-Market reserves, at its sole discretion, the right to reduce or increase the amount of leverage given on any trading product at any time and without notic
C) Trading experiences periods of liquidity risk. The customer acknowledges that Liquidity Risk, resulting from decreased liquidity, is usually due to unanticipated changes in economic and/or political conditions. The customer also acknowledges that Liquidity Risk can affect the general market in that all participants experience the same lack of buyers and/or sellers. The Customer also understands that liquidity risk can be specific due to changes in liquidity available to from a Custodian of funds interbank liquidity providers due to a perception that the risks of the market segment have increased. When liquidity decreases, Customers can expect, at the minimum, to have wider bid-to-ask spreads as the supply of available bid/ask prices, outstrips the demand. Decreases in liquidity can also result in “Fast Market” conditions where the price of a trading product moves sharply higher or lower or in a volatile up/down pattern without trading in an ordinary step-like fashion. In some instances, there may exist the possibility that a trading bid and/or ask price for a trading product or products are not available (a situation where there is no liquidity). Although there may be instances when the aggregate OTC market enters a “Fast Market” situation or periods where liquidity is in short or no supply, it is important to note that prices, bid/ask spreads and liquidity will reflect the prevailing interbank market liquidity for Next Trader Mic-Market can Liquidate Positions of the Customer that do not have adequate margin: Because of the leverage available with OTC Margined Trading and the potential for extreme volatility, Mic-Market Custodian of funds reserves the sole discretionary right to liquidate Customer’s Account(s) should the Margin in the Account not be sufficient to cover the potential risk of loss. Should the Customer’s Account value go below the free of programming bugs that can cause trading, position keeping or any other required functionality of the Trading Platform and other relevant software applications associated with Mic-Market including but limited to clearing and escrow Account software, from becoming inoperable or without errors?
D) There is a Communication Risk that the Customer assumes. Although will have qualified representatives available on the telephone during business hours to accept and execute Customer Market Orders, there exists the risk that the Customer will not be able to contact or make contact with the representative due to but not limited to, communication malfunction, an overabundance of telephone orders, or any other malfunction or negligence. The Customer acknowledges and agrees that they will hold harmless Mic-Market for any loss or missed trading opportunity resulting from any communication problems the Customer may encounter.
E) does not take responsibility for Money Managers. Should a Customer grant a Money Manager trading discretionary trading authority or control over a Customer’s Account, the Customer acknowledges that it does not take any responsibility for any action done by that Third Party on the Customer’s behalf. The Customer grants the Money Manager trading authority for the Customer’s Account at its sole and full risk. Mic-Market reserves the right to correct any transactions executed on misquoting errors: In the case when a quoting error occurs that results in a Customer transaction done at an off-market price, Mic-Market reserves the sole discretionary right to make the necessary corrections and adjustments to the Customer’s Account whether it be in the favor of the Customer or not in the Customer’s favor. Any change will be reported to the Customer either verbally or via an electronic method such as but not limited to email
F) All Market Recommendations made by or any representative of are for informational purposes only. Any decision by the Customer to buy or sell is an independent decision by the Customer. Market recommendations made by or a representative of Mic-Market do not constitute an offer to sell or buy from Mic-Market or from any other source that may provide straight-through processing prices to the Customer. and its employees are not investment advisor(s) and have no fiduciary duty to Customer and therefore are not liable for any losses incurred by the Customer as a result of information or any recommendations made by or representative of Next Trader The customer is at Risk if Mic-Market should go out of business. There is no guarantee that Mic-Market as a business will be profitable. Consequently, there exists a credit risk that Mic-Market may be subject to losses, which could, in turn, jeopardize the capital that the Customers have in their Accounts. Customer acknowledges that in the event of insolvency, the Customer can only look to Mic-Market for performance and return of all Collateral and Margin that the Customer may have at Mic-Market.
G) Mic-Market may decide to exit the Business. There is no guarantee that the Custodian of funds may decide that they do not want to continue to participate. As a result, the Customer agrees and acknowledges that Mic-Market may liquidate all Customer positions, and return margined funds to the Customer at the sole discretion of Mic-Market, at any time and for any reason. Mic-Market Customers do not hold Mic-Market liable for any loss as a result of the liquidation of the Customers position either on an actual basis or as a result of missed profit opportunities.
H) Customers are responsible for any reporting errors. Any reporting and confirmation errors of omission, and/or errors in the details of transactions including but not limited to the price contracts were executed, the product traded, the market direction (i.e., ”buy” or “sell”) of order, the type of order and/or any errors in fees, charges or credits to the Customer’s Account including but not limited to charges for executing a transaction, wiring funds, rolling over position, and sweeping balances into the home currency, requires that the customer notifies immediately upon discovery for review
I) Risks from trades done over the telephone. will only accept Market Orders for trades done over the telephone. Telephone trades are considered executed when the representative says, “done” and relays the complete transaction details. Any given price by a Mic-Market representative over the telephone prior to execution is considered indicative. Mic-Market reserves the right to change the indicative price given over the phone if the actual trading price is different due to market conditions, misquote or volatility. Mic-Market is not responsible for Customer telephone orders if the Customer cannot be heard or understood by the Mic-Market representative due to, without limitation, accent, speech defect, faulty connection, or excessive background noise at the Customers location or at Next Trader To better ensure execution, Mic-Market requires that Customers communicate in English when giving orders. Mic-Market cannot guarantee that telephone orders given in a foreign language will be executed. For best results and fast execution, the following procedure will be used:The Customer will first be asked by the Mic-Market representative the following Account Information:
The Customer’s Mic-Market User Name, Account Number and/or other identifying feature. Only after the Mic-Market representative confirms the Customer’s identity, the Customer should relay the following order information: The execution direction to Buy or Sell, the number of lots, and the desired trading product.
The Mic-Market representative will then repeat the order information for the Customer to confirm. For example, the Mic-Market Representative may say the following, “Buy 2 lots of EUR vs USD at the Market. Confirmed?” By saying, “Yes” the order will be executed at the Market and the details are immediately given to the Customer after execution. The Mic-Market representative will enter the transaction into the Customer’s Account. The details and effects of the transaction will be reflected in the Customer’s Online Reports. Mic-Market does not warrant that trades done over the telephone will be done at prices that mirror the prices displayed electronically at that time over the Trading Platform.
Mic-Market reserves the right to charge a commission for trades done over the telephone. Should Mic-Market charge a commission for telephone trades, it will be reported on the Mic-Market Website and be reflected as a line item debit in your Mic-Market Account Reports. All trades and charges done via the phone are final. Mic-Market reserves the right to tape all telephone calls without the knowledge of the Customer.
Mic-Market is not responsible or liable if the tapes of the telephone calls are erased or never recorded because of error, omission or any reason. Mic-Market is also not liable should User Name and Account information be obtained knowingly or unknowingly by a Third Party and as a result, trades done in the name of the Customer without his or her knowledge or authorization.
Risks from trades done using chat communication devices. Mic-Market may utilize an electronic conversational application or other similar chat application for the communication and execution of some market orders. Trades are done using chat applications or the telephone should only be done if the Customer cannot execute using the Trading Platform. Although currently not planned, Mic-Market reserves the right to charge a commission for trades done over chat applications. Should Mic-Market charge a commission for chat application trades, it will be reported on the Mic-Market Website and be reflected as a line item debit in your Mic-Market Account Reports. All trades and charges done via chat applications are final. Neither Mic-Market nor third-party chat application provider is responsible or liable if the electronic logs of the electronic conversations are erased or never recorded because of error, omission or any reason. Mic-Market is also not liable should User Name, Password and Account information be obtained knowingly or unknowingly by a Third Party and as a result, trades done in the name of the Customer without his or her knowledge or authorization.
Mic-Market has limited liability. The Customer agrees and acknowledges that Mic-Market shall not be liable to the Customer for any claims, losses, damages, costs or expenses, including attorneys’ fees caused directly or indirectly by any events, actions or omissions, without limitation, claims, losses, damages, costs and expenses, including attorney’s fees, resulting from civil unrest, war, insurrection, international intervention, governmental action) including, without limits, exchange controls, forfeitures, devaluations and nationalizations), natural disasters, acts of God, market conditions, communication problems or any delay, disruption, or failure of any transmission or communication system or computer hardware or software application whether supplied and belonging to Mic-Market or from a third-party vendor that the Customer and Mic-Market rely on to conduct execution and reporting services.
Effect of “Leverage” or “Gearing”. Margin accounts and contracts carry a high degree of risk. The amount of initial margin is small relative to the value of the contract so that transactions are “leveraged” or “geared”. A relatively small market movement may have a proportionately larger impact on the funds the Customer has deposited or will have to deposit. This may work against the Customer as well as for the Customer. The Customer may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain the Customer’s position.
Risk-reducing orders or strategies. Placing contingent orders, such as “stop-loss” or “limit” orders, particularly in volatile market conditions, will not necessarily limit the Customer’s losses to the intended amounts, since market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions may be as risky as taking simple “long” or “short” positions.
Before Customer begins to trade, Customer should obtain a clear understanding of all charges for which Customer may be liable. These charges will affect the Customer’s net profit (if any) or increase the Customer’s loss.
Electronic trading. Trading on an electronic trading system may differ not only from trading in an open-outcry market but also from trading on other electronic trading systems. If Customer undertakes transactions on an electronic trading system, Customer will be exposed to risks associated with the system including any failure of hardware and software. The result of any system failure may be that the Customer’s order is either not executed according to Customer’s instructions or not executed at all. Since Mic-Market does not control signal power, its reception or routing via the Internet, a configuration of the Customer’s equipment or reliability of its connection, Mic-Market cannot be responsible for the communication failures, distortions or delays when trading online (via the Internet). In no event shall Mic-Market be liable for speculative or expectancy damages for potential future lost profits.
Limitation of liability. Customer accepts any trading system provided by Mic-Market “as is,” and without warranties, express or implied, including, but not limited to, the implied warranties of merchantability or fitness for a particular use, purpose or application; timeliness; freedom from interruption; or any implied warranties arising from trade usage, course of trading or course of performance. Under no circumstances shall Mic-Market be liable for any punitive, indirect, incidental, special or consequential loss or damages, including loss of business, profits or goodwill. Mic-Market shall not be liable to Customer by reason of delays or interruptions of service or transmissions, or failures of performance of Mic-Market’s or its affiliate systems, regardless of cause, including, but not limited to, those caused by hardware or software malfunction; regulatory action; acts of God; war, terrorism, or our intentional acts. The Customer recognizes that there may be delays or interruptions in the use of our system, including, for example, those caused intentionally by Mic-Market for purposes of servicing the system. Mic-Market does not guarantee that alternative trading arrangements will be available at a particular time and Mic-Market will not be held liable for delays in entering an order.
Mic-Market’s margin policies require that the Customer’s Account be properly margin-margined at all times. Failure to meet margin requirements may result in the liquidation of any open positions with a resultant loss. Mic-Market reserves the right to liquidate all positions without notice if an Account falls below the Customer’s minimum margin requirement, in accordance with Mic-Market’s margin call policy.
Quoting errors. Should quoting errors occur, which may include, but are not limited to, a mistype of a quote by Mic-Market, a quote that is not representative of fair market prices, an erroneous price quote from a Mic-Market employee, such as but not limited to a wrong big figure quote or an erroneous quote due to failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third-party vendors, Mic-Market will not be liable for the resulting errors in Account balances. The foregoing list is not meant to be exhaustive and in the event of a quoting error, Mic-Market reserves the right to make the necessary corrections or adjustments on the Account involved. Any dispute arising from such quoting errors will be resolved in accordance with the required regulations if such regulations exist. In the event of a system error where interest is not charged or credited as scheduled, Mic-Market reserves the right to apply the missed interest to the Account at any time.
Third-Party Authority. In the event that Customer grants trading authority or control over Customer’s Account to a third-party trading advisor, such as a Money Manager, whether on a discretionary or non-discretionary basis, Mic-Market shall in no way be responsible for reviewing Customer’s choice of such trading advisor, or for making any recommendations with respect thereto.Mic-Market makes no representations or warranties concerning any trading advisor; Mic-Market shall not be responsible for any loss to Customer occasioned by the actions of the trading advisor; and Mic-Market does not, by implication or otherwise, endorse or approve of the operating methods of any trading advisor. If Customer gives a Money Manager authority to exercise any rights over Customer’s Account, Customer does so at the Customer’s own risk.The Customer should regularly review the activity in the Customer’s Account to ensure that the Customer approves of the transactions placed on the Customer’s behalf by Customer’s Money Manager.
Disclosure Regarding Bankruptcy Protections. The transactions the Customer is entering into with Mic-Market are not traded on an exchange. Therefore, Customer’s funds may not receive the same protections as funds used to margin trade, which may receive a priority in bankruptcy. Since that same priority has not been given to funds used for trading, if Mic-Market becomes insolvent and the Customer has a claim for amounts deposited or profits earned on transactions with Mic-Market, Customer’s claim may not receive priority. Without a priority, the customer is a general creditor and the customer’s claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that Mic-Market keeps separate from its own operating funds may not be safe from the claims of other general and priority creditors.
Volatile Market Conditions. Trading at times of extraordinarily volatile market conditions, e.g. key news announcements may expose the Customer to additional risks, including the risk that the Customer may not get the price he or she requests. Mic-Market cannot and does not guarantee its prices in times of extraordinary market volatility.
Simulated Conditions. Simulated conditions may differ from real conditions. Therefore, Customers who trade on demo Accounts should not necessarily expect the same results from live trading.
1) Mic-Market does not control, and cannot endorse or vouch for the accuracy or completeness of any information or advice Customer may have received or may receive in the future from the Customer’s IB or from any other person not employed by Mic-Market regarding trading or the risks involved in such trading.
2) Mic-Market provides risk disclosure information to all new Customers when they open Accounts. Customers should read that information carefully, and should not rely on any information to the contrary from any other source.
3) Customer acknowledges that no promises have been made by Mic-Market or any individual associated with Mic-Market regarding future profits or losses in Customer’s Account.the Customer understands that trading is very risky and that many people lose money trading.
4) If an IB or any other third party provides Customer with information or advice regarding trading, Mic-Market shall in no way be responsible for any loss to Customer resulting from Customer’s use of such information or advice.
5) To the extent Customer has previously been led to believe or believes that utilizing any third party trading system, course, program, research or recommendations provided by IB or any other third party will result in trading profits, Customer hereby acknowledges, agrees and understands that all trading, including trading done pursuant to a system, course, program, research or recommendations of IB or another third party involves a substantial risk of loss. In addition, Customer hereby acknowledges, agrees and understands that the use of a trading system, course, program, research or recommendations of IB or another third party will not necessarily result in profits, or will avoid losses or limit losses.
6) Because the risk factor is high in trading, only genuine risk capital should be used. If the Customer does not have capital which that Customer can afford to lose,the Customer should not trade
7) Customer understands and acknowledges that Mic-Market may compensate Customers IB for introducing Customer to Mic-Market and that such compensation may be on a per-trade basis or other bases.
8) Customer understands and agrees that if Customer’s Account with Mic-Market is introduced by an IB, the IB shall have limited access to information regarding Customer’s Mic-Market Account, but the IB shall not have the right to enter into any trades on Customer’s Mic-Market Account unless authorized by Customer under a power of attorney between Customer and IB granting such IB the right to trade on Customer’s Account.
9) Customer understands and acknowledges that Customer may have only one IB, a party that originally referred Customer to Mic-Market.
10) Customers may terminate Customer’s relationship with an IB by providing written notice to Mic-Market. The Customer understands and acknowledges that the Customer cannot be considered the client of any other IB. Should you have any questions regarding the risks of trading, please contact your Account representative.
Be aware of all trading risks associated with our products. Read tearms & conditions. If you have any doubts seek advice from an independent adviser. Past performance is not indicative of future results Read More.
Registered office is at 28th October Ave, Ariadni House Limassol CY, 3100, Cyprus.
Mic-Market is a trading name of Mic-Market (EU) LTD. [email protected].
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