Terms And Conditions | GFM Trader

 

Terms & Conditions

 

Please read carefully the following Terms and Conditions (Agreement). By clicking the I Agree button at registration you, the trader being the trading account holder agree to the below noted terms. Should you have any queries you should consult a legal advisor in your jurisdiction.

If you do not agree with this Agreement then you should not click the I Agree button nor use this platform or internet site in any way.

Definitions

Agreement – The Terms and Conditions outlined to the users of the GFM Trader platform.

Applicable Laws – Laws and regulations applicable to our on line trading platform on which you are conducting trading activities.

Bonus – A trading incentive provided to traders depositing a certain amount.

Deposits – Transfer of funds via applicable methods of funds transfer to your account.

Payment Provider – Third party payment processor which handles funds transfers from trader to GFM Trader and vice versa.

Platform – The software licensed to GFM Trader which allows you to perform your online trading and account activities via the internet.

Trader – you as the account owner and a customer of GFM Trader are noted as a trader.

Withdrawal – Transfer of funds from your trading account to your bank account or credit card account.

General Use

Subject of Agreement – The following describes the terms and conditions upon which GFM Trader offers access to its Website to you the customer (“you” “trader”) and the use of its services (the “Agreement”).

This Agreement describes the terms, conditions and risks applicable to your use of our services available under the domain of www.gfmtrader.com (the “Site”). If you have any questions regarding this Agreement please contact Customer Support.

You must read, agree with and accept all of the terms and conditions contained in this Agreement without modifications, which include those terms and conditions expressly set forth below and those incorporated by reference, before you may become a customer of GFM Trader. By continuing to access or use the Site, you agree to follow the terms and conditions of this Agreement as they may apply to you.

This Agreement is effective upon acceptance in registration for newly registering customers. If you do not agree to be bound by the terms and conditions of this Agreement, do not use or access our services, and inform us in writing immediately.

1.    Online Services Agreement

This Agreement is made by and between GFM Trader and “you”.

This Agreement applies to both the Site and trading platform, as well as to the electronic content and or software currently contained on the Site that supplies the customer with real time information about the exchange rate of some currencies, as well as with the program facilities for executing trading transactions in the foreign exchange market via the web, phone or fax, and any other features, content or services that GFM Trader may add in the future (the “Services”).

2.    Eligibility & Your Responsibilities

The Services are available to and may only be used by individuals or companies who can form legally binding contracts under the law applicable to their country of residence. Without limiting the foregoing, our Services are not available to persons under the age of 18 or otherwise under legal age (“Minors”). If you are a Minor, you may not use this service. IF YOU DO NOT QUALIFY, PLEASE DO NOT USE OUR SITE.

For avoidance of doubt, we shall not be responsible for any unauthorized use by Minors of our Services in any way or manner.

It is your responsibility to ensure that you understand and use of the trading platform and how to trade binary options. Our Services are available only to, and may only be used by individuals who have sufficient experience and knowledge in financial matters to be capable of evaluating the merits and risks of acquiring financial contracts via this Site and have done so without relying on any information contained in this Site. You shall bear sole responsibility for any decision made and/or to be made by you relying on the content of the Site.

Without derogating from the above provision, we shall not be responsible for verifying and/or checking whether you possess such sufficient knowledge and/or experience, nor shall we be responsible for any damage and/or loss incurred by you due to and/or related to the Site, transactions carried out by you and/or your use of the Services.

You shall not transfer your rights in any way whatsoever without a written consent from GFM Trader, at our discretion.

You are responsible for all taxes, fees and costs incidental to your trading. You are required to imburse and indemnify GFM Trader for any costs, expenses or losses that may be caused as a result of any government or authority claim regarding taxes, withholding taxes and any other legal obligations resulting from the use of our trading facility.

It is your responsibility to inform us of any changes to your registration details.

You shall provide GFM Trader with all information requested from you as necessary to undertake trading activities with GFM Trader including but not limited to; identification documents, utility bills, proof of address, bank details, bank statements and bank references.

You acknowledge that promotions and matters pertaining to bonuses are subject to changes and are an addition to this agreement. Promotion material or bonuses are personally informed or sent. In the event of a disagreement the promotional terms will overrule this Agreement.

Payment service providers have their own terms and conditions for the use of their services and you acknowledge that the use of such services encompasses their terms and conditions set by such service providers. However, such agreements do not derogate from your obligations to GFM Trader.

You are responsible for your internet connection, hardware and software utilities in order to use the GFM Trader trading platform. GFM Trader is not liable for any losses incurred due to telecommunication services provided to you in order to connect to the internet to undertake trading activities.

You will not commit any acts or engage in any conducts that may damage the reputation of the trading platform or GFM Trader

You will fully indemnify, defend and hold us and our officers, directors, employees, agents, contractors and suppliers harmless from and against any and all losses, costs, expenses, claims, demands, liabilities and damages including legal fees in connection with the access and use of the GFM Trader website, all related softwares and applications via entry with your username and password or by breach by you of any of the terms and agreements as set in this Agreement.

Without limiting the foregoing, our Services are not available where they are illegal to use, and GFM Trader reserves the right to refuse and/or cancel Services to anyone at its own discretion.

GFM Trader may update and amend the terms and conditions as per regulatory changes or as it sees fit for its best business practice policies. Amendments are effective as and when they will be updated on the GFM Trader website and it is the customers responsibility to ensure that your knowledge is up to date.

3.    Registration Information and Requirements

When you register for the service, GFM Trader will ask you to provide certain identifying information. 

You are responsible for securing your User name and Password for your account with GFM Trader . You hold sole responsibility for any damage caused due to any act or omission by you causing inappropriate or irregular use of your account.

You agree to provide true, accurate, current and complete information about yourself during the registration process, and you also agree not to impersonate any person or entity, misrepresent any affiliation with another person, entity or association, use false headers or otherwise conceal your identity from GFM Trader for any purpose. If you are registering as or for a business entity, you hereby declare that you have the authority to bind that entity to this Agreement.

GFM Trader will treat with care the information you entrust to it, in accordance with the disclosures it provides during the registration process and in its Privacy Policy.

4.    Legal Restrictions

Without limiting the foregoing, you understand that laws regarding financial contracts vary throughout the world, and it is your obligation alone to ensure that you fully comply with any law, regulation or directive, relevant to your country of residency with regards to the use of the Site. For avoidance of doubt, the ability to access our Site does not necessarily mean that our Services, and/or your activities through it, are legal under the laws, regulations or directives relevant to your country of residency.

You hereby declare that the moneys invested in your account with GFM Trader do not originate from drug trafficking, abduction, or any other criminal or illegal activity

5.    Limited License

GFM Trader grants you a non-exclusive, non-transferable and limited personal license to access and use the Site (the “License”). The License is conditioned on your continued compliance with the terms and conditions of this Agreement.

You agree not to resell or permit access of the Site to others, and not to copy any materials appearing on the Site for resale or for any other purpose to others without the prior written consent of GFM Trader .

For avoidance of doubt, you shall be responsible and bound by any unauthorized use of the Site, made in breach of this section.

You agree to use the information received from the information systems of GFM Trader for the sole purpose of executing transactions inside and within the Site.

You further agree not to use any electronic communication feature of a Service on the Site for any purpose that is unlawful, tortuous, abusive, intrusive on another’s privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful.

The License granted under this Agreement will terminate if GFM Trader believes that any information provided by you, including your e-mail address, is no longer current or accurate, or if you fail to otherwise comply with any term or condition of this Agreement and all rules and guidelines for each service or GFM Trader establishes that you have abused in any way (including but not limited to engaging in a transaction out of market rates) the GFM Trader trading platform. 

Upon such violation, you agree to cease accessing Services. You agree that GFM Trader , at its sole discretion and with or without notice, may terminate your access to any or all Services, close your open transaction and remove and discard any information or content within a Service.

6.    Risk Disclosure 

You agree to use the Site at your own risk.

Without limiting the foregoing, the Services contained within this Site are suitable only for customers who are able to bear the loss of all the money they invest, and who understand the risks and have experience in taking risks involved in financial markets.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with digital options trading, and seek advice from an independent financial advisor if you have any doubts.

The markets are moved by many economic news releases everyday. This may cause sudden price spikes, changes in trend and pricing which may lead to new prices and ranges between the buy and sell prices.

7.    Financial Information 

GFM Trader may make available to you through one or more of its Services a broad range of financial information that is generated internally or obtained from agents, vendors or partners (“Third Party Providers”). This includes, but is not limited to, financial market data, quotes, news, analyst opinions and research reports, graphs or data (“Financial Information”).

Financial Information provided on this Site is not intended as investment advice. GFM Trader does not endorse or approve the Financial Information, and we make it available to you only as a service for your own convenience. GFM Trader and its Third Party Providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the Financial Information, or warrant any results from your use or reliance on the Financial Information. 

Financial Information may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Neither GFM Trader nor the Third Party Providers are obligated to update any information or opinions contained in any Financial Information, and we may discontinue offering Financial Information at any time without notice.

It is your duty to verify the reliability of the information on the Site and its suitability to your needs. We exclude any liability for any claim, loss or damage of any kind allegedly caused by information presented on the Site or referred to by the Site. 

8.    Links

GFM Trader may provide a link to other sites that are controlled or offered by third parties. Such link to a site or sites is not an endorsement, authorization, sponsorship or affiliation with respect to such site, its owners or its providers.

GFM Trader cautions you to ensure that you understand the risks involved in using such sites before retrieving, using, relying upon or purchasing anything via the Internet.

Links to these Websites are provided solely for your convenience, and you agree that under no circumstances will you hold GFM Trader liable for any loss or damage caused by use of or reliance on any content, goods or services available on other sites.

9.    Refusal of Services and Trading Cancellation 

GFM Trader reserves the right in its sole discretion to refuse, cancel the Services, and/or refuse to distribute profits to anyone for any legitimate reason including, but not limited to:
•    any instance when GFM Trader has cause to believe that a person’s activities on the Site may be illegal;
•    any instance where GFM Trader may suffer any fiscal, regulatory, or pecuniary disadvantage by virtue of anyone’s activities; 
•    Should GFM Trader detect expert advisors used for automated trading; 
•    any instance where one or more transactions on the Site are judged by GFM Trader to have been performed in violation of this Agreement.

Note that certain countries are barred from binary options trading subject to laws and regulations of that country or region. Accordingly it is your responsibility to find out whether any limitations or legal prohibitions exist in your location of residence.

10.    Limited Liability 

We undertake to supply steady Services on the Site. However, we assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Site or Services. We are not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, hardware, software, failure due to technical problems or traffic congestion on the Internet or on any of the Site or Services. 

To the maximum extent permitted by applicable law, under no circumstances shall we be responsible for any loss or damage resulting from use of the Site or Services, from any content posted on or through the Site or Services, or from the conduct of any users of the Site or Services, whether online or off-line. 

IN NO EVENT SHALL GFM Trader OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SITE OR SERVICES, INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH THE SITE OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT GFM Trader HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION AND IN NO EVENT SHALL GFM Trader’s CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT OF MONEY YOU TRANSFERRED OR DEPOSITED IN YOUR ACCOUNT ON THE SITE IN RELATION TO THE TRANSACTION GIVING RISE TO SUCH LIABILITY.

11.    AML Procedures

No person shall abuse this site for the purpose of money laundering. GFM Trader employs best-practice anti-money laundering (AML) procedures. GFM Trader reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, customers who do not accept or conform to the following AML requirements and policies:

•    Live traders must provide all requested information upon registration.
•    Winnings will only be paid to the individual who initially registered to open a live account.
•    When a customer maintains an account by means of telegraphic deposits, winnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the live trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to GFM Trader .
•    When a customer funds an account by means of credit/debit card deposits, winnings will only be distributed to the individual whose name appears on the card used to make the deposit and only be paid back to the same card
•    Only one account is allowed per person. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
•    GFM Trader may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such as a notary approved copy of passport or other means of identity verification as it deems required under the circumstances and may at its sole discretion suspend an account until such proof has been provided to its satisfaction

12.    Intellectual Property

All content, trademarks, services marks, trade names, logos and icons are the property of GFM Trader or its affiliates or agents and are protected by copyright laws and international treaties and provisions.

You agree not to delete any copyright notices or other indications of protected intellectual property rights from materials that you print or download from the Site. You will not obtain any intellectual property rights in, or any right or license to use such materials or the Site, other than as set out in this Agreement. 

Images displayed on the Site are either the property of GFM Trader or used with permission. You agree not to upload, post, reproduce or distribute any information, software or other material protected by copyright or any other intellectual property right (as well as rights of publicity and privacy) without first obtaining the permission of the owner of such rights and the prior written consent of GFM Trader .

13.    Indemnification 

You agree to defend and indemnify GFM Trader and its officers, directors, employees, and agents and to hold them harmless from and against any and all claims, liabilities, damages, losses, and expenses, including without limitation reasonable attorney’s fees and costs, arising out of or in any way connected with (i) your access to or use of the Site or Services; (ii) your violation of any of the terms of this Agreement; or (iii) your breach of any applicable laws or regulations. 

14.    Term and Termination

This Agreement is effective from the moment you register and accept by clicking on the “I Agree” button. This agreement will remain in force unless terminated as per the conditions noted in this Agreement.

The term of the Agreement shall be unlimited, however GFM Trader will be allowed to terminate this Agreement at any time by notice to you. As of termination, you shall not be able to carry out new transactions.

15.    General

This Agreement shall be governed by and interpreted in accordance with the laws of England excluding that body of law pertaining to conflict of laws. Any legal action or proceeding arising under this Agreement will be brought exclusively in courts located in England, and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.

GFM Trader will not be liable in any way to any persons in the event of force majeure, or for the act of any government or legal authority.

In the event that any provision in this Agreement is held to be invalid or unenforceable, the remaining provisions will remain in full force and effect. 

The failure of a party to enforce any right or provision of this Agreement will not be deemed a waiver of such right or provision. 

GFM Trader may assign this Agreement or any rights and/or obligations hereunder without your consent. 

GFM Trader may amend the terms of this Agreement from time to time by posting the amended terms on the Site. You are responsible for checking whether the Agreement was amended. Any amendment shall come into force as of the day it was published on the Site. If you do not agree to be bound by the changes to the terms and conditions of this Agreement, do not use or access our Services, and inform us in writing immediately.

16.    Electronic Communication

By registering with www.gfmtrader.com you agree to our terms and conditions for electronic communication, including email. You agree to accept ( opt-in ) to accept electronic communication from GFM Trader and our affiliates and third-parties communicating on behalf of GFM Trader. GFM Trader does not sell, or share your information. Affiliates or Third parties will only be provided your email address and only to contact you for GFM Trader and GFM Trader will approve and control this communication. You may opt-out at any time by sending an email to [email protected] or clicking on the remove me from future mail, that will be present on all email communications. If you opt out, GFM Trader will have no way to contact you, as all of our communications are electronic. GFM Trader assured you will not be sent emails that are not important, newsworthy, or pertain to your account. If you have any questions please contact your Account Manager for clarification.

17.    GFM Trader’s Bonus Policy

GFM Trader offers a number of attractive reward features including welcome bonuses, contests and award  to our  new and current customers. Bonuses and onetime trading credits rewarded to clients are part of GFM Trader’s promotions program. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change. To learn more about GFM Trader’s rewarding bonus and promotional offers please contact us via live chat, phone or email.

Any promotion offered is good for a one week cycle, unless otherwise designated or dated.

All promotions offered by email are offered under our terms and conditions specified herein or noted on the promotional email. 

By accepted the terms and condition when registering with GFM Trader, you accept and understand that these promotions are limited, and have no actual value except while in your account. Whether noted by your account manager, written into the emails or promotional literature they are covered by these terms and conditions.

GFM Trader’s Withdrawal Policy and Bonus Redemption

In order to redeem bonus credits traders are first obligated to meet a volume requirement on their account which the payment of bonus credits is conditioned on.

As per the trading conditions provided, in order to make a withdrawal, you need to fulfill a minimum trade volume of forty (40) times the bonus amount. Note that traders who received and used bonuses are not eligible to withdraw funds until they have met their trading volume requirements.

The general volume requirement on the customers’ account requires that a customer trades a total account volume which is determined according to the bonus conditions given to you by the customer services representative. You must note that promotions are subject to change and accordingly the information you receive regarding your trading bonus and prerequisite volumes to be traded are thus a part of this agreement. This condition is calculated from the point at which the bonus credit is first given. 

If a customer receives multiple bonus credits, the volume requirement is calculated one bonus credit at a time, from the earliest to the most recent bonus issued to the account. It is calculated based on the turnover at the time the bonus was issued. 

It is advisable to send an email to [email protected] if you have any questions about bonus and awards. Please make sure you ask in writing before participating in any promotions.

At no time can a customer/client receive an award or bonus and instantly close their account. Bonus and promotion are incentives for a client to make continued trades. Once a client accepts a bonus or award, they agree to keep their account active for a minimum of 90 additional days and to reach the volume level as specified above.

The date of any promotion will be considered the date on the email sent to you and logged in our computers.

All bonus money will be processed as quickly as possible. We will always try to award the bonus within 24 hours on banking days and when possible. Sometimes, it just is not feasible.

All bonus will be awarded at the end of the promotion cycle and at the close of the trade.

GFM Trader will not be held responsible or accountable for a delay in the award of a promotion or bonus.

All promotions, bonuses, awards and other advertising specials have limitations.

If limits are not printed on the promotion they are covered by the policy below.

The maximum award based on trades shall not exceed the average of the client’s trades in the last 90 days.

Clients receiving bonuses must note that the broker is setting aside the bonus you received as collatoral to the market. This is what gives you
the opportunity to trade with bonuses. Accordingly the broker is expecting you to fulfill your volume with profit and to trade more so
that the bonus given to the markets as collatoral will be covered with your trading volume. If you wish to withdraw before you fulfill your
trading volume the broker has to penalize you for the bonus given to you from your balance in order to cover that collatoral to the market.

At no time will any award or bonus or incentive exceed the total amount of real funds deposited by a client in a year cycle from the date of their first deposit.

Insured Trades

Insured trades allow traders to benefit from trading without any risk of losses.

Insured trades are evaluated upon the bonus trading volume coefficient however please note that insured trades are not included in the trading volume calculations.

18. Trader Account, Deposits, Withdrawals

You agree that financial transactions are being handled by us directly or through a third party payment service provider. Deposits and withdrawals may be transferred from us to you and vice versa either directly or through a payment service provider chosen by you subject to the noted clauses in this section.

We do not guarantee that there will be no delay in the processing or receipt of deposits or withdrawals. You acknowledge and agree that your trader account is not a bank account and is therefore not insured, guaranteed, sponsored or otherwise protected by any deposit or banking insurance system or by any other similar insurance system of any jurisdiction. Furthermore, your trading account does not bear interest.

Once your trading account has been opened you will be able to fund the account via the transfer methods available on our web site.

You agree to fully pay all charges due to us or to payment providers in connection with your use of our services. You further agree not to make any charge backs or renounce or cancel or otherwise reverse any of your deposits and in any such event you will refund and compensate us for such unpaid deposits including any expenses incurred by us in the process of collecting your deposits.

Each request made by you to fund your trader account shall constitute a valid authorization for us or for the payment provider, as applicable to transfer the amount specified in your request by us or from or by the payment provider chosen by you as applicable to your account.

The minimum and maximum amounts depositable to trader accounts are at the discretion of GFM Trader.

GFM Trader is entitled to determine whether the funds that you have requested to be credited to your trader account are available and upon receiving confirmation from the relevant payment service provider will be reconciled and and cleared and credited to your account accordingly.

You acknowledge that occasionally GFM Trader may request additional information time to time and you will be required to forward information with respect to deposits made by you.

Any trade placed by you is an authorization to debit your trading account given that there are funds available for the transaction.

You may withdraw any unutilized and cleared funds held in your trader account by submitting a withdrawal request in accordance with the withdrawal conditions.

You agree that we reserve the right to withhold any withdrawal in the event that we believe or suspect that you may be engaging in or have engaged in fraudulent, collusive, unlawful or improper activity or that we have concerns regarding the operation of the trader or the request. In such cases we may undertake investigations and you agree to cooperate with any such investigation.

Your first withdrawal costs are covered by GFM Trader. Follwing withdrawal requests are subject to bank and financial institution commissions that can vary from fixed transfer costs to up to 3% of the withdrawn amount.

We will attempt to accommodate your request regarding the payment method and currency of payment of your withdrawal. However, this may not be guaranteed as different payment service providers are used. GFM Trader will accommodate as best at it can in the same currency as your initial deposit.

You are aware of and agree that traders are allowed to withdraw not more than $9,990 9,990€ or as such in any currency per month. If the amount is greater than 9,990 the remaining amount will be placed back to the trader’s account, allowing the trader to withdraw additional funds the following month in accordance with this term. Withdrawals depend on all conditions specified in this Agreement and the verification of all required documents. You may close your trader account at any time by contacting GFM Trader subject to no negative balance or any liability incurred in your trading activities. GFM Trader will then return the balance of your account as per the conditions of this Agreement.

19. Our Rights

GFM Trader reserve the following rights at our sole discretion:

Refuse the right to register any applicant for opening an account at GFM Trader.

Change and modify types of binary option trading types and the times when they are made available for trading.

GFM Trader has the right to make inquires about traders with other financial institutions such as credit checks pertaining to the information you have provided.

In the event of any dispute regarding your trading, earnings and losses, GFM Trader’s decision will be final and binding.

GFM Trader is entitled to withold any payout until a full identity check has been made and confirmed in order to make payments to the correct person. Accordingly we may require notarized identification documents as per applicable laws in your region.

In the event that we suspect fraud or fraudulent activities on your part or if any of your payments are charged back we will have the right to hold back any amount in your account in excess of your original deposit to initiate legal proceedings against you to collect any payment owed by you.
Notwithstanding anything stated or implied to the contrary in this Agreement, GFM Trader may, without prior notice to you and without derogating from our rights under this Agreement, terminate your use of the trading platform and block your trader account if we suspect or believe that you are in breach of any of the terms and conditions of this Agreement, or that you may be engaging in or have engaged in fraudulent, unlawful or improper activities, including but not limited to any violation of any applicable terms and conditions.

GFM Trader holds the right to withhold or otherwise decline or reverse any pay-out or trade winnings in the event that we suspect you are abusing or attempting to abuse any of the following; i- trade bonuses, ii- other promotions, iii- trading conditions of any type of trading. We may also take such action should we determine that although such abusive actions were not undertaken at GFM Trader but were undertaken at other brokers.

GFM Trader may offset any positive balance against any funds owed by you to GFM Trader.

We may transfer, assign, sub license or pledge this Agreement in whole or part to any person or entity without notice, and you will be deemed to have given your consent to any such assignment.

20. Inactive Accounts

If you have not placed any trades for a continuous period of one hundred and twenty (120) days, your account shall be deemed inactive.

Inactive accounts are subject to fee charges and GFM Trader may deduct account maintenance fees month by month for inactive accounts, and if we note that there is no activity in your account for consecutive 3 months there after we may close your account. You may contact us to claim your withheld monies within two (2) years from the last date you placed a trade.

21. Security

GFM Trader uses only secured networks with encryption of the Username and Password, accordingly in order to trade you must be logged in.

You are entitled to one trader account using your name and required details.

The safety of your Username and Password are your responsibility and should be kept confidential without disclosure to anyone. Any person who uses your Username and Password is assumed by us to be you and any trades made will be considered as being done by you and will be regarded as valid. We will not be held responsible for any third party access to your account and under no circumstances shall we be liable for any loss incurred by you as a result of misuse of your Username and Password by others.

You may not use anyone else’s Username and Password to make trades or any other transaction from the platform.

GFM Trader uses advanced encryption methods to ensure that username and password information and any other sensitive information transferred to and from the client application and our servers securing the trader and GFM Trader against outside manipulations. Should we suspect you have attempted to break in, access or by-pass our security or the software we will be entitled to terminate with immediate effect your access to our platform.

Should certain authorities request information pertaining to your trading activities GFM Trader may disclose such information with respect to the governing law. 

22. Your Warranties and Representations

You hereby warrant and represent to us that;

You are acting on your own behalf.

You are not restricted by limited legal capacity.

You have knowledge about the financial markets and trading and the risks involved in trading the financial markets and that you have read and understood the risk disclosure statement on the GFM Trader web site.

All of the information you provided to GFM Trader are correct and up to date and you will continue to update them as and when due.

You are not depositing to your trading account any monies from illegal activities and you do not intend to use your trading account for any unlawful activity directly or indirectly.

If you are using credit card, debit card or any other financial transaction card, it is not reported as missing or stolen.