Uranus Investment Group., hereinafter referred to as the Company, offers the service of conversion arbitrage operations on the FOREX international currency market to any natural or legal person, hereinafter referred to as the Client, subject to the provisions of the present Agreement.
The following actions performed by the Client will be understood as full and unconditional acceptance of the terms of the present Agreement:
- filling in the above registration form, for the purpose of opening an account with the Company;
- making a deposit to the account within thirty days from the date of its opening. The place of the Agreement is understood to be the place of the party's location.

1. The Main Definitions

Equity - means the secured part of the Client's account, considering the opened positions, bound with the Balance and Floating Rate (Profit/Loss) by the following formula: Balance + Floating rate + Swap, i.e. the funds on the Client's account less the current loss for the open positions, plus the current earnings for the open positions.
Free Margin - means the funds which are not used for the security of the opened positions. It is calculated by the formula: Free Margin = Equity - Margin.
Margin - means the amount of guarantee required for opening a position, which is equal to 1% (in the case of 1:100 leverage) of the contract amount for the position opened.
Margin Level - is a characteristic of the state of the account. It is calculated by the formula: (Equity / Margin)*100%.
Base currency - means the currency in which the account, the balances, the commission charges and payments are nominated and calculated.
Balance - means the overall financial result of all the completed transactions and operations concerning depositing/withdrawal of funds from the commercial account.
Account History - means the list of completed transactions and non-commercial operations on the commercial account.
Settlement Currency - is the currency of the depositing/withdrawal operations.
Client - is the natural or legal person concluding conversion arbitrage operations with the Company, according to the quotations offered by the Company.
Client's Terminal - means the software product MetaTrader, version 4.xx, being used, on which the Client can receive information about bidding on financial markets (within the scope determined by the Company) on a real-time basis, carry out technical analysis of markets, perform commercial operations, issue/amend/withdraw indents and receive communications from the Company.
Company - refers to the legal person Uranus Investment Group. That provides the settlement of bargains and accounts with the Client, in accordance with the present Agreement.
Client's Log File - refers to the file created by the client's terminal, which registers all the inquiries and orders sent by the Client to the Dealer, with accuracy to the second.
Server's Log File - means the file created by the server that registers all the inquiries and orders sent by the Client to the Dealer, as well as the results of their processing, with accuracy to the second.
Margin Trading - means performing arbitrage operations with currency contracts that lead to opening positions, the amount of which is several times larger than the variation margin.
Initial Margin - means the amount of the guarantee required by the Company for opening a position.
Required Margin - means the cash security required by the Company for the purpose of maintaining the open position(s).
Nonmarket Quotation - refers to the quotation satisfying all the following requirements: the presence of a wide price gap; quick return of the price to the initial level leading to the price gap; the absence of fast price movement preceding the emergence of this quotation; the absence of macroeconomic or corporate events having substantial influence on the instrument's rate at the time of emergence of this quotation (Uranus Investment Group. has a right to delete the information about the nonmarket quotation from the server's database).
Non-commercial Operation - means an operation dealing with depositing (withdrawing) funds to/ from the commercial account or an operation that deals with providing or repaying credit.
Normal Market Conditions - refers to the state of the market satisfying all of the following requirements: the absence of wide gaps in the process of providing quotations to the trading platform; the absence of fast price movement; the absence of wide price gaps.
Normal Market - see "Normal Market Conditions".
Scope of a Trade Operation - refers to the product of the number of lots multiplied by the lot size.
Order - refers to the Company's Client's command to open or close the position after the price reaches the indent level.
Open position - means the result of the first phase of a complete transaction. As a result of opening a position, the Client undertakes obligations: to perform an opposite operation of the same volume; to maintain the equity at the level of no less than 5% of the margin required.
Opening the Market - means the resumption of trading operations after weekends, holydays or an interval between trading sessions.
Deferred Order - means the order of a Client to the Dealer to open a position after the price reaches the indent level.
Complete Transaction - consists of two opposite trading operations of the same volume (opening a position and closing the position): a purchase followed by selling or selling followed by a purchase.
Quotations Flow - means the sequence of quotations for each instrument received at the trading platform.
Instant Execution - means the mechanism of providing quotations to the client without prior request, when the client sees the Dealer's quotations flow in a real-time mode, he or she can at any time give an order to perform a trading operation.
Point - is the unit of a rate's low order.
The Company's Business Hours - means the period of time during the workweek when the trading terminal of the Company carries out transactions with standard currency contracts. The exceptions are normal rest days and holidays, periods of change in the routine of the Company, as well as the time when the Clients cannot be served for technical reasons. In these cases the Company must take all the possible measures to advise the Client of the changes in the normal work routine and give him or her opportunity to eliminate the risks resulting from these changes.
Size of a Lot - means the amount of base currency in each lot defined in the contracts' specification.
The Developer - means "MetaQuotes Software Corp." company, the developer of the trading platform.
Swap - means the amount of money knocked off or deposited to the Client's account for prolongation (postponement) of a position until the next day.
Server - means the software product MetaTrader Server, version 4.xx, in use, with which the Client's orders and requests are processed; the Client is provided information about bidding at financial markets (within the scope determined by Uranus Investment Group.) on a real-time basis; the respective obligations of the Client and the Dealer are offset, and the terms and restrictions are observed.
Adviser - means the commercial account control algorithm in the form of a program in MetaQuotes Language 4, which sends requests and orders to the server using the client's terminal.
Spike - see "Nonmarket Quotation"
Contract Specification - means the basic trading terms (such as put and call, the size of a lot, the minimum volume of a trading operation, the pitch of trading operation volume change, initial margin, the margin for locked positions etc.) for each instrument.
Account - means a special personal account opened with the Company by a Client. This account is used to offset the obligations of the Client and the Dealer resulting from the bargains concluded under the present Agreement.
Ticker - means the individual identification number designated at the trading platform to each opened position or deferred indent.
Trading operation - operation means the operation of buying or selling of any instrument by the Client.
Trading Account - refers to the unique personalized register for trading platform operations reflecting complete transactions, open positions, non-commercial operations and indents.
Trading Platform - means the aggregate of software and hardware that deal with the receipt of information concerning bidding at financial markets on a real-time basis, trading operations offset by the respective obligations between the Client and the Dealer, as well as compliance with existing conditions and limitations. Simplistically speaking, for the purposes of the present regulations, it consists of a Server and a Client's Terminal.
Transaction - means the aggregate of all the trading operations concerning exchange of base currency for quotation currency.
Level of an order - is the price stated in the order.
Force Majeure Events - means the events which can't be foreseen of prevented. This concept usually implies: acts of nature; wars; acts of terrorism; acts of government, legislative and executive bodies; hackers' attacks and other unlawful acts with respect to the servers.
The Price Preceding the Nonmarket Quotation - means the price at the closing of the minute bar preceding the minute bar with the nonmarket quotation.
Price Gap - refers to two types of situation: A bid of the current quotation that is higher than the ask of the preceding quotation, and an ask of the current quotation that is lower than the bid of the preceding quotation.
Price Gap at the Opening of the Market - refers to two types of situation: A bid of the quotation at market opening that is higher than the ask of the quotation at market closing, or an ask of the quotation at market opening that is lower than the bid of the quotation at market closing.
Appreciable Error - refers to the opening/closing of the Client's position or exercising his indent at a substantially different price than the usual one for the relevant instrument, within the quotations flow at the time of this action, as well as any other action or inaction on the dealer's part resulting in an error when estimating the price level at a certain time.
Ask is the higher price in a quotation. The price at which the Client can buy.
Bid is the lower price in a quotation. The price at which the Client can sell.
Floating Profit/Loss is floating (unrealized) profits/losses under opened positions at live trading rates.
Stop-out Level – a sub-account state when the Company can automatically liquidate the opened positions at live rates.
Trailing Stop is the next algorithm of Stop Loss order managing. If the profit level under the opened position does not exceed the Trailing Stop size, do nothing; as soon as the profit level under the opened position exceeds the Trailing Stop size, make a Stop Loss order distanced a Trailing Stop size from the live price level. Once you get a quotation with a distance over Trailing Stop size considering your Stop Loss level, order a server to change the level to get the exact distance between the Trailing Stop and a live price. Please note, Trailing Stop works only when the trading terminal is online and authorized on the server successfully.
A volatile market characterizes a market state with rapid rates fluctuations often accompanied by gaps.
A currency pair is an object of a trading deal basing rate changing of one currency against another one.
Quote currency is the second currency in a pair at which the Client can buy or sell a base currency.
Trailing Stop Size is the parameter of a Trailing Stop determined by the Client.
Dealer is a competent employee of the Company where the Client has concluded Agreements regulating legal bases of fulfillment of margin trading operations.
Instrument is a currency pair.
Conversion Arbitration Operation is a deal between the Company and the Client on buying or selling a currency Contract, which implies making of minimum two counter deals on buying and selling with equal volume.
Currency Contracts are currency pairs available for trading.
Short Position is to sell an instrument, expecting the rate will get weaker. With reference to currency pairs: to sell the base currency against the quote currency.
Quoting is a process of providing the Client with trading quotations.
Quotation is information about the instrument live rate indicated as Ask and Bid prices.
Leverage is the ratio between the collateral and borrowed funds: 1:100 to 1:400. EX: Leverage 1:200 allows entering the market with a deposit 200 times less a transaction amount.
Rate is a price of a base currency unit expressed in a quote currency.
Out-market quotation satisfies to each of the following conditions:
- essential gap;
- short time return of the price to the initial level through a gap;
- no price dynamics before the quotation appears;
- no news and relevant market events could influent the instrument rate (Uranus Investment Group reserves a right to remove out-market quotation information from a server database).
Lot is a measuring unit of a contract size.
Quiet Market is a market state corresponding the following conditions:
- no quotations braking on the trading platform; no price dynamics;
- no price gaps.
Trading Order Volume is calculated as lots number multiplied by a lot size.
Order means the Client’s order to the Company to open or close a position once the price hits an order level.
Opened position is a result of the first part of the complete transaction. As a result the Client gets obligations: to make an equal counter deal; to keep equity not less than 10% of the needed margin.
Market Starting is trading renewal after the window: weekend, holidays, breaks between trading sessions.
Stop Limit Order is the Client order to the Dealer to open a position after the price hits the specified level.
Full Complete Transaction combines two equal counter operations (opening / closing), i.e. buy following by sell OR sell following by buy.
Stream of Quotations is a sequence of quotations under each instrument coming to the trading platform.
Point is a unit of the younger category of the rate.
Working Hours of the Company is a period of time within a working week when the terminal of the Company ensures standard currency trading. Exceptions make weekend, holidays and internal timetable changes of the Company and periods of time when the Client cannot be served on reasons of technical problems. In such cases the Company has to take all possible measures to inform the Client about trading hours changes and provide a possibility to eliminate currency risks.
Spread is a difference between Ask and Bid expressed in points. Under the normal market conditions spreads have a constant value (see Contracts specifications on the company’s Web site). In the case of the magnificently increased volatility, the company reserves the right to increase spread sizes for certain currency pairs, for a specific period of time and amount, which will prevent sniping-related abuse in trading strategies. “Sniping” means trading, based on profits acquired due to quotation malfunction. Spreads will immediately go back to their regular values once spikes stop.
2. Terms of Business

2.1. The work with the commercial account is performed in accordance with the regulations on quoting and indents processing, which you can find it below.
The terms and conditions are considered as fully accepted once the Client has passed the below stages:
1. Main Principles of Work
Client Orders Processing
2.1.1. While trading Instant Execution process is used.
2.1.2. The Client orders processing passes the below stages:
a) The Client issues a request or order which pass check on correctness on the Client terminal;
b) The Client terminal sends the order on a server;
с) The order of the Client comes on the server and passes check on correctness. The message “Request was accepted by server” appears in the log of the trading terminal.
d) The server sends the result of the Client’s order processing to the client terminal;
e) In case the connection between the Client terminal and the server is steady the Client terminal receives the result of the order processing.

2.1.3. The Client may try to cancel the order sent earlier, but the Company does not guarantee success of this attempt

2.1.4. The time of the request/order processing depends on quality of the connection between the Client terminal and the server, and also on market situation. In a quiet market the time of the Client request/order processing usually takes 3-5 seconds. In market conditions which are distinct from normal, the time of the Client request/orders processing can be increased (as a rule, up to 5-10 seconds).
2.1.5. The server can reject the Client order in the following cases:
a) at Market starting, if the Client makes a request before receipt of the first quotation in a trading platform, thus stands out the message «No price»;
b) in case there are not enough available funds to enter the market;
1.6. The Company has the right to change the margin size (hedged margin) without a prior notification of the Client in case of force-major circumstances or in conditions of rapid rates fluctuation (usual only in the New Year's week).
1.7. The Client terminal is the basic means of sending of the Client orders. The Client has the right to make orders by phone through the UIG operator only in case of impossibility to make such order from the client terminal for the reasons of technical character; thus the Client is obliged to follow «Plan of telephone conversation with the operator » which is presented in our website.
The Company can expand the number of ways of the Client orders sending. The Clients will be notified accordingly.
Trading Operations

2.1.8. Buy position is opened at the Ask rate. Sell position is opened at the Bid rate. Buy position is closed at the Bid rate. Sell position is closed at the Ask rate.
Spreads
2.1.9. The company has the right to widen spreads in case of circumstances demand. It can be relevant market events, program failures or high volatility in New Year's weeks. The Table of the current spreads placed at the contract specifications in our website.
2. Opening of Positions

2.2.1. The position is being opened by means of sending the order from the Client terminal on a server. Unessential parameters can be changed for the already opened positions.
2.2.1.1. Necessary and sufficient parameters of the Client order:
a) the name of the instrument;
b) volume of trading operation
2.2.1.2. Unessential parameters of the Client order:
a) Stop Loss level of the order. Value 0.0000 means that Stop Loss is not in use (or deleting, if it has been used earlier);
b) Take Profit level of the order. Value 0.0000 means that Take Profit is not in use (or deleting, if it has been used earlier);
2.2.2. Transactions can be executed on the available currency pairs on UIG trading platform.

In case the number of the quoted instruments is to be changed the Company is obliged to warn the Client for 14 days. The set of quoting and trading instruments is placed at the contract specification.
2.2.3.1. To enter into buy position without an Adviser support it is necessary to click button "Buy" in the order window of the trading terminal.
2.2.3.2. To enter into sell position without an Adviser support it is necessary to click button "Sell" in the order window of the trading terminal.
Processing of Opening Orders
2.2.4.1. If sufficient margin funds are available on the account, the position is opened. The corresponding message appears in the log-file of the trading terminal (margin at positions locking makes 1, i.e. does not increase and remains at the same level)
2.2.4.2. If sufficient margin funds are not available on the account, the position is not opened. Thus stands out the message “No money” in the order window. The corresponding message with the comment “No money” appears in the log-file of the server.
2.2.5. If during receipt on a server and/or processing by a server of the Client order on entering the market, the current quotation has changed on the number of points greater than what has been specified in the column «Maximal deviation» of the order window while sending the order, the Client will be offered a live rate for opening a position in the re-quoting window instead of entering the market. If the Client agrees to open a position at a newly suggested rate he should click the button "OK" within three seconds. If during the time while the rate is actual, the Client does not accept the new rate, it is equivalent he refuses the deal.

2.2.6. The Clients order on entering the market considers as processed and the position is opened once the corresponding message appears in the log-file of the trading terminal. Each opened position on the trading platform is given a ticker.
3. Closing of Positions.
2.3.1. The position is being closed by means of sending the order from the Client terminal on a server. Necessary and sufficient parameters of the Client order:
a) ticker of the closing position;
b) volume of a trading operation (not larger the volume of the closing deal)
2.3.2. To send the closing order without an Adviser support it is necessary to click the button “Close the Position ” in the order window of the trading terminal
Processing of Closing Orders
2.3.3. If during receipt on a server and/or processing by a server of the Client order on closing the order, the current quotation has changed on the number of points greater than what has been specified in the column «Maximal deviation» of the order window while sending the order, the Client will be offered a live rate in the re-quoting window instead of closing the order. If the Client agrees to close the position at a newly suggested rate he should click the button "OK" within three seconds. If during the time while the rate is actual the Client does not accept the new rate, it is equivalent he refuses to close the deal.
2.3.4.1. If in the list of the opened orders of the trading account there are two and more locked positions then while making a request/order on closing of any of them, an option « To close by the counter» will be additionally offered in the appeared list «Type». After you choose the option one or several counter orders will appear. Once the particular order of the list is marked, the button “Close” is activated. By clicking the button the Client closes the locked orders pair or closes partially two locked positions of different volume. Thus the smaller position and the equal part of the larger position are closed and only a new position in a direction of the previous greater one is opened under a new ticker.
2.3.4.2. If in the list of the opened orders of the trading account there are two and more locked positions then while making a request/order on closing of any of them, an option «Multiple Close By» will be additionally offered in the appeared list «Type». After you choose the option the list of all positions under the instrument will appear and the button “Multiple Close By under… ” is activated. By clicking the button the Client closes all locked orders under the instrument. Thus a new position(s) is opened under a new ticker and in a direction of the previous greater total volume.
2.3.5. The Client order on the position closing is considered as processed and the position as closed after the corresponding message has appeared in the log-file of a server.
4. Pending Orders Description
Orders Types on the Trading Platform
2.4.1. The following pending orders can be placed on the trading platform:
a) Buy Stop assumes opening a buy position at the price higher than the live price on the moment of the order placing;
b) Sell Stop assumes opening a sell position at the price lower than the live price on the moment of the order placing;
c) Buy Limit assumes opening a buy position at the price lower than the live price on the moment of the order placing;
d) Sell Limit assumes opening a sell position at the price higher than the live price on the moment of the order placing;
2.4.2. The following orders can be used to close positions:
a) Stop Loss assumes to close the earlier opened position at the price less profitable for the Client than the live price on the moment of the order placing;
b) Take Profit assumes to close the earlier opened position at the price more profitable for the Client than the live price on the moment of the order placing
Orders Parameters
2.4.3. While placing the pending order the Client should indicate the following essential parameters:
a) Instrument;
b) Lot size;
c) Order type: Buy Stop, Buy Limit, Sell Stop, Sell Limit;
d) Order level.
2.4.4. While placing the pending order the Client should indicate the following essential parameters:
a) Stop Loss level. Level 0.0000 means Stop Loss order is not placed (or deleted if it has been placed earlier);
b) Take Profit level. Level 0.0000 means Take Profit order is not placed (or deleted if it has been placed earlier);
c) Date and time of the order validity.
2.4.5. The order will be rejected in case of absence or wrong value of one of the essential parameters and/or wrong value of one of unessential parameters.
2.4.6. The Client can change all unessential parameters and the opening price level in the existing pending orders.
2.4.7. The Client can place Stop Loss and Take Profit levels in the opened positions.
Stop & Limit
2.4.8. Stop & Limit levels are determined for each currency pair. All types of pending orders can be placed on distance from the live price, not smaller than the value of this parameter. For Buy Limit and Buy Stop pending orders and also Take Profit and Stop Loss closing sell orders the live market price considers as Ask+1. For Sell Limit and Sell Stop pending orders and also Take Profit and Stop Loss closing buy orders the live market price considers as Bid-1.
The Table with current Stop & Limit parameter for each instrument is placed on the contract specification.
Orders Execution
2.4.9. The order will be placed in execution turn in the following cases:
a) Buy Limit order is placed in execution turn in the moment when the Ask price in quotations stream hits or overcomes the orders level;
b) Sell Limit order is placed in execution turn in the moment when the Bid price in quotations stream hits or overcomes the orders level;
c) Buy Stop order is placed in execution turn in the moment when the Ask price in quotations stream hits or overcomes the orders level;
d) Sell Stop order is placed in execution turn in the moment when the Bid price in quotations stream hits or overcomes the orders level;
e) Take Profit of the buy order is placed in execution turn in the moment when the Bid price in quotations stream hits or overcomes the orders level;
f) Stop Loss of the buy order is placed in execution turn in the moment when the Bid price in quotations stream hits or overcomes the orders level;
g) Take Profit of the sell order is placed in execution turn in the moment when the Ask price in quotations stream hits or overcomes the orders level;
h) Stop Loss of the sell order is placed in execution turn in the moment when the Ask price in quotations stream hits or overcomes the orders level;
2.4.10. Once the pending order comes on a server the trading account passes automatically checking of free margin balance for opening a new position. In case available funds are sufficient, the position opens. A corresponding record in a server log-file accompanies execution of the order. And the new position, opened through execution of the pending order, reserves the ticker of the pending order.
In case available funds are not sufficient, the order is rejected. A corresponding record with the comment «No Money» in a server log-file accompanies rejection of the order.
2.4.11. The order is considered as executed after the corresponding record has appeared in a server log-file.
2.4.12. In case the first tic, which satisfies to opening order conditions, appears on the distance less than 4 spreads from the previous tic, it is executed at the price specified by the Client without any slipping.
In case the first tic, which satisfies to opening order conditions, appears on the distance more than 4 spreads from the previous tic, the Company has the right to process the order at a live market price.
5. Positions Liquidating
2.5.1. The Company has the right to liquidate all the opened positions without the prior notification of the Client if the account balance (equity) is less than 5% of the margin needed to maintain the opened positions (Margin Call).
2.5.2. The current account balance is under control of a server, which generates the order on liquidation in case of the situation specified in the Close 2.5.1. (Stop Out). Stop Out is executed in general execution turn at a live market price according to the Clients orders. Position liquidation is accompanied by a record with the comment “Stop out” in a log-file of a server
6. Settlement of Disputes

2.6.1. The Parties try to settle all disputes by negotiations and correspondence in the claim order
2.6.2. The company has the right to cancel or reconsider results of the Client transaction in the following cases:
a) The transaction is opened / closed under out-market quotation.
b) In case of detection of program failures on a server
2.6.3. Brief trades (less than 2 minutes), including lock trades may be declared invalid should it be obvious they are unlawful.
2.6.4. Client's complaints described in the Regulations are accepted by the Company only in written form and within a time period no longer than 5 calendar days after the dispute arose.
2.6.5. The time of consideration the Client claim by the Company makes no more than fourteen working days.
In case the claim is accepted a disputable situation will be settled only in the form of the compensatory payment deposited the Client trading account.
If the Client intended to make any action, but has not made it for any reason, the Dealer does not compensate to the Client resulted half-received profit or losses or mental cruelty.
In case the claim is settled positively the Dealer deposits compensatory payment on the Client trading account within one working day from the moment of acceptance of the positive decision on a disputable situation.
In case of a disputable situation not stipulated by the present Agreement, Uranus Investment Group has the right of the final decision proceeding from the standard market practice and from its point of view about fair settlement of a disputable situation.
2.6.6. The Claim should contain the following details:
a) Name;
b) Trading account number;
c) Date and time;
d) Order ticker;
e) Claims essence without emotional painting.
The claims submitted in other way are not accepted to consideration.
2.6.7. As a source of quotations for settlement of disputes it is supposed, but is not solving, to get data published in the open access at the sites of news agencies, such as http://esignal.com and-or http://reuters.com
2.2. The work with the commercial account is performed in accordance with the terms and conditions applicable to the Uranus Investment Group, which you can find it below.
Markets account or accounts (collectively the “Account”) opened at Uranus Investment Group in the name of the Client and maintained in US Dollars.

1. Account opening

1.1 Verification and Limitations for Trading

Upon completion of the account opening process you will be able to fund the Account as follows and commence trading

Immediately.

If you are using a credit card you may fund the Account with:

Amounts between US $50.00 and US $500.00.
Deposits above US $500.00 the company will charge 3%
Minimum amount for each additional top-up by credit card is US $20.00

If you are sending funds using a bank wire transfer you may fund the Account with:
Amounts up to US $ Unlimited.
Minimum amount for each additional top-up by wire transfer is US $100.00

After the opening of the Account we will contact you to verify a few important details and upon completion of this process which we are required to conduct under laws and regulations to which we are subject.

Upon completion of the account opening process we will also send you an e-mail listing the documentation we are required to obtain from you under regulatory requirements to which we are subject. These documents must reach us within 14 days after the date of completion of the account opening process.

The documentation we require is as follows:
a) Proof of your identification (for example: a copy of your passport or official state ID)
b) Proof of your address (for example: a copy of a utility bill with your name and address. This must not be older than six months from the date of application. Please note copies of mobile telephone bills are not acceptable)
c) Copy of the credit card (both sides) if the deposits have been credit card deposits.

 

1.2 If we cannot contact you within 7 days

If we cannot contact you within 7 days after you make your first deposit, we will suspend all trading-related activities in the Account.

All positions taken by you up to this date will be frozen until contact is made.

If contact cannot be made within 14 days of opening the account all positions will be liquidated as set out in 1.3 below.

If we are able to contact you after suspension and before the 21st day of opening the account we will require you to provide the required documents as set out in section 1.1 above (last paragraph).

1.3 Non-receipt of Required Documentation after 14 days

On the 15th day if the required documentation is not received we will suspend all activity in the Account and the following action will be taken.

a) If you have not commenced trading, the balance outstanding in the Account will be refunded to the account from which the funds originated. Credit card refunds may take up to 10 days to reach that account.

b) If you have already traded during this period we will close out any open positions held by you at the closing prices prevailing on the 15th day and credit or debit the proceeds to the Account. Then as to the balance outstanding in the Account
• If the Account is in credit and if the balance is equal to or less than the initial sum deposited, this amount will be returned to the bank account or credit card from which the funds originated or

• if the Account is in credit and if the amount is more than the initial amount deposited, the amount deposited will be refunded as mentioned in a) above and the balance will normally be held by us pending receipt of our required account opening documents.

Closing of accounts will be subject to an administration charge of up to US $ 50.00 per account.

2. Inactive Accounts

Accounts without any activity for 90 consecutive days will be subject to a non-refundable monthly administration fee of US $25.00.

Accounts with a nil balance will be treated as inactive accounts and may be closed in our discretion.

3. Request for Fund transfers

• Fund transfers will be made only to the originating credit card account or bank account.
• We will not make any fund transfers to any account in the name of any third party
• In cases where funds have been deposited using multiple credit cards or bank accounts, funds will be transferred to the credit card or bank account which was used to make the last transfer to the Account unless we agree otherwise.

4. Commission

4.1 Deposit and Withdrawal of Funds

Deposits
• There will be no charges for depositing funds into the Account. This can be done either by a credit card payment or a bank transfer.
• The marginal deposit in the Client's account provides the credit line for carrying out trading operations on the FOREX market.
• Deposit and withdrawal operations to and from the account are executed in US dollars.

 

Withdrawals
• Where you have traded in the Account, no withdrawal from the Account is permitted until we have received completed account opening documentation from you.
• Transferring fee will be deducted from the withdrawal amount.
• All orders concerned with withdrawal of amounts from the account must be confirmed by entering an additional password (the Client's PIN-code). If the PIN-code is lost, restoring it can take up to two weeks and is only possible if the account registration information is in complete agreement with the account holder's passport information.

3. Rights and Liabilities of the Company and the Client
The Client does not have the right to request investment/trading advice from the Company, or any other information that could motivate the Client to perform trading operations.
The Company, at its sole discretion, may provide information, recommendations and advice to the Client, but in this case it is not responsible for any consequences or profitability of such recommendations or advice. The Client agrees that unless there is a fact of fraud, intentional neglect of duty or grievous dereliction of duty, the Company is not responsible for any losses, costs or expenses of the Client resulting from inaccuracy of information provided, including, but not limited to, the information about trading operations performed by the Client.
3.1. The Client has acknowledged and agrees that the Company is not responsible for actions or inaction of the Client concerning the performance of operations on the FOREX market.

3.2. The Client is personally responsible for the state of his account and agrees that this right is valid until the account is closed.
The Client undertakes to indemnify the Company from any liabilities, expenses, claims and damage resulting, directly or indirectly, from the Client's inability to perform his relevant obligations under the present Agreement and Regulations.
The Company is not responsible for any losses of the Client, loss of profit, lost opportunities (due to possible market fluctuations), expenses or damage, in accordance with the terms of the present Agreement, unless otherwise provided for in the Regulations.

3.3. The Company reserves the right to alter or modify the present Agreement after notifying the Client accordingly, up until 5 days before the relevant modifications should go into effect.

3.4. The above mentioned rights of the Company are permanent and will remain in full force until the Client informs the Company about closing the account or terminating the Agreement.

3.5. In case of any disagreement concerning the balance of the Client's account, the parties will review the protocols concerning the Client's operations in the log files of the Company's server.

3.6. The Company:
3.6.1. is not a provider of communication service and for this reason is not responsible for any failure to perform obligations as a result of lineout;
3.6.2. does not compensate moral damage to the Clients.

3.7. The Client agrees that:
3.7.1. The recommendations and information concerning the market situation, which is provided to the Client by the Company or any person within the Company, should not be understood as an offer to perform a transaction.

3.8. The Client represents and warrants that:
3.8.1. He or she has enough expertise and experience to be engaged in trading operations on the FOREX market at his own risk;
3.8.2. He or she is able to be engaged in trading operations on the FOREX market;
3.8.3. All information provided by him/her to the Company is true, correct and complete; The Client will immediately inform the Company of any changes to this information.

3.9. Clients have the right to keep joint accounts, and each holder of such an account has the right:
3.9.1. To take part in trading operations using this account, subject to the provisions of the present Agreement;
3.9.2. Receive all the correspondence and documents related to the account;
3.9.3. Receive or withdraw money from the account;
3.9.4. In case of death of one or several account holders, the Company must be informed accordingly in writing; a copy of the death certificate must be enclosed with this notification.
The Company has the right to suspend or terminate the present Agreement immediately, upon notifying the Client in writing hereof.
The Client has the right to suspend or terminate the present Agreement immediately, without notifying the Company in writing.
Termination of the present Agreement does not exempt the Company or the Client from any responsibilities that existed under the present Agreement or Regulations before termination, including the responsibilities with respect to the open positions and deposit/withdrawal operations of amounts to/from the Client's account.
In the case of a situation not provided for by the present Agreement or Regulations, the Company will act in accordance with the procedures established in the market and with principles of justice and equity.

4. Informing the Client about the Risks

4.1. The risk of loss through trading operations on the FOREX market can be significant. For this reason the Client must examine his financial capabilities related to such trading operations thoroughly.

4.2. The Client can lose all his initial funds and any additional funds deposited for the purpose of strengthening or controlling his position on the market.

4.3. Placing restricting orders, such as "stop-loss", does not always restrict the Client's losses to the sum planned, for market conditions can sometimes make performance of such orders impossible.

4.4. The Client must realize that the Company is not responsible for losses resulting, directly or indirectly, from the restrictions imposed by the Government, regulations concerning operations with currency and market operations, interruptions in the bidding process, military actions or other circumstances known as "force majeure", which are not subject to control by the Company.
The Company has the right to reasonably determine the duration and sphere of influence of the force majeure events. The Company will take all the necessary measures to advise the Client about the beginning of force majeure events, including, but not limited to:
а) any action, event or phenomenon (including, but not limited to, strikes, riots, civil disorders, acts of terrorism, wars, acts of elements, accidents, fires, floods, storms, blackouts, lineout’s, equipment errors), which, according to the Company's well-grounded opinion, has led to destabilization of the market or markets for one or several instruments;
b) suspension of operations; liquidation or shutdown of a market, or the absence of some event on which the Company's quotations are based, or imposing restrictions or special terms for trading operations in some market or in respect of some event.
If the Company determines the beginning of a force majeure event, it has the right (without prejudice to any other Company rights under the present Agreement or Regulations), without prior written notification and at any time, to take one of the following measures:
a) Increase marginal requirements;
b) Close any or all the Client's open positions at the price considered by the Company to be reasonably fair;
c) suspend or alter the sphere of application of any or all the terms of the present Agreement and/or Regulations for the time during which the named force majeure event makes implementation of the designated terms impossible; or, on the contrary, not to take any measures with respect to the Company, the Client or any other clients, if the company considers it appropriate in view of existing circumstances.

4.5. Trading with electronic trading systems may differ not only from trading on the interbank market, but also from trading with other types of trading systems. If the Client is engaged in trading operations with an electronic trading system, he bears the risks associated with the system, including the software.

4.6. The Client must keep the passwords a secret and be sure that third parties do not have access to the trading facilities. The Client will be held responsible by the Company for any operations performed using the Client's password or PIN-code, even if these operations were performed by third parties without the Client's consent.

4.7. In case of errors in quotations, the Company reserves the right to make the necessary amendments and to settle all disputes on the basis of the market prices in existence at the time of the mistake.

4.8. This brief notification concerning risks does not cover all the risks associated with conversion arbitrage operations on the FOREX market.

5. Settlement of Disputes
5.1. The parties will take all possible measures to settle disputes and differences amicably, through negotiation and correspondence, by sending claim letters.

5.2. The Client's claims arising out of the present Agreement will be considered by the Company only if documented in writing and submitted no later than three calendar days from the date of the event in question.

5.3. The time for consideration of the Client's claim may not exceed fourteen business days.
In case the claim is considered to be justified, the only compensation for the damage will be an entitlement payment transferred to the Client's commercial account. If the Client had an intention to perform some action but did not perform it for some reason, the Company will not compensate the resulting loss of profit or losses, and will not pay the Client any moral damage. In case the decision is made in favor of the Client, the Company will transfer the entitlement payment to the Client's commercial account within one day from the date of the decision. Should any dispute not be provided for by the present Regulations, the final decision concerning the claim will be settled by Uranus Investment Group., based on established market practice and its understanding of the principles of equitable settlement in the matter.