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About Conscious Crypto Gold Fx Ltd

TERMS AND CONDITIONS

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1. DEFINITIONS

In the agreement, unless the context requires, the following words shall be construed as follows:

Access Codes: The email and password provided by the Client for accessing the Company's electronic systems.
Account Activity: Account details, including executed Transactions, Confirm actions of trades, swap interest credits/debits, cash balance, account equity, used Margin ratio, total realized and unrealized profit and loss, and the remaining amount available for trading.
Account Application: The Application to Open an Individual, Joint or Business Trading Account form, which is completed by the Customer through the Website or provided to the Customer in hard-copy form.
Adviser: An algorithm in the form of a program based on MT4, which is used to control a Trading Account and give instructions and requests to the Server via the Client Terminal.
Balance: The total financial result of all Completed Transactions and deposit/withdrawal operations on the Trading Account and does not unrealized profits and losses.
Base Currency: The first currency in the Currency Pair against which the Customer buys or sells the Quote Currency.
Bid: The lower price in the Quote being the price at which the Customer may sell. The term Bid is synonymous with Sell.
Business Day: Any day between Monday and Friday, inclusive, on which the Federal Reserve is open in New York City.
Buy: Means Offer.
Buy Limit: An Order to open a Long Position at a price lower than the price at the moment of placing the Order.
Buy Stop: An Order to open a Long Position at a price higher than the price at the moment of placing the Order.
CFTC: The United States Commodity Futures Trading Commission.
Client Terminal: The MT4 Pro program, which is used by the Customer to obtain information on financial markets in real-time, make Transactions, view account equity, place Orders, as well as to receive notices from Conscious Crypto Gold Fx Ltd.
Complaint: A conflict situation where the Customer reasonably believes that Conscious Crypto Gold Fx Ltd has breached terms of the Terms of Business, or any other issue relating to fair and ethical trading.
Completed Transaction: Two offsetting positions of the same volume.
Contract Specifications: Principal trading terms (such as Spread, Lot Size, Leverage, Initial Margin and trading hours) for each Instrument.
Currency Pair: A quotation of two different currencies, which is based on the change in the value of one currency against the other.
Customer: A legal entity or an individual is a party to the Customer Agreement with Conscious Crypto Gold Fx Ltd in respect of making Transactions, subject to Margin Trading.
Customer Agreement: The agreement between Conscious Crypto Gold Fx Ltd and the Customer, which together govern the terms on which Conscious Crypto Gold Fx Ltd deals with the Customer.
Dealer: An employee of Conscious Crypto Gold Fx Ltd who is authorized to execute the Customer's Orders.
Equity: Balance + Floating Profit - Floating Loss. Equity is also referred to as net liquidation value.
Error Quote/Spike: An error Quote including significant Price Gap or Spread gap, rapid rebounds, or other abnormal market characteristics.
Fast Market: Rapid movement on the market for a short period of time often causing Price Gaps, occurring before or after important events.
FIFO Rule: 'First in, first out' or a rule which requires that the position which was first opened be the first position closed.
Floating Loss/Profit: Current or unrealized loss/profit on Open Positions calculated at the current Quotes.
Forex: Means foreign exchange.
Force Majeure Event: Any act, event or occurrence which prevents Conscious Crypto Gold Fx Ltd from maintaining an orderly market.
Free Margin: Funds on the Trading Account, which may be used to open a position. It is calculated as Equity less Margin.
Initial Margin: The margin required by Conscious Crypto Gold Fx Ltd to open a position.
Instrument: Any Currency Pair.
Leverage: The use of Margin to increase potential returns, generally referred to as a ratio (e.g., 1:100).
Limit Order: An Order to buy or sell at a set quantity at a specified price or better.
Long Position: A Buy position that appreciates in value if market prices increase.
Lot: Means a unit of Base Currency in the Trading Platform.
Lot Size: The number of units of the underlying assets or Base Currency in one Lot.
Manifest Error: An error of a Dealer who executes an Order at a price significantly different from market prices.
Margin: The margin required by Conscious Crypto Gold Fx Ltd to maintain an Open Position.
Margin Level: The percentage or ratio of Equity to Necessary Margin.
Margin Trading: Leverage trading when the Customer may make Transactions with fewer funds than the Transaction Size.
Market Opening: The time at which the market opens after weekends, holidays or trading session gaps.
Market Order: An Order to buy or sell which is immediately executed at the current market price.
NFA: The United States National Futures Association.
Normal Market Conditions: The market where there are no considerable breaks, fast price movements, or Price Gaps.
OCO: One Cancels Other - the submission of two Orders where if one executes, the other is canceled.
Offer: The Ask price or the higher price in the Quote at which the Customer may buy.
Open Position: A Long Position or a Short Position which is not a Completed Transaction.
One-Click Trading: An execution-style where a Market Order can be placed and executed by clicking once.
Order: An instruction from the Customer relating to opening, closing, modifying, or executing a position.
OTC: The over-the-counter market where contracts are not traded on an organized exchange.
Pending Order: A resting order or instruction to open a position once the price reaches a specified level.
Quote: The current price for a specific Instrument in the form of Bid and Offer prices.
Quote Currency: The second currency in the Currency Pair which can be bought or sold.
Report/Trade Summary: The file created by the Server recording all Orders and their execution results.
Sell: Means Bid.
Sell Limit: An Order to open a Short Position at a price higher than current price.
Sell Stop: An Order to open a Short Position at a price lower than current price.
Server: The MT4 Pro server program used to execute Orders and provide trading information.
Services: The services provided by Conscious Crypto Gold Fx Ltd to the Customer.
Short Position: A Sell position that appreciates in value if market prices fall.
Spread: The difference between Bid and Offer prices.
Stop Loss: A Pending Order that becomes a Market Order to limit trader's loss.
Stop Out: Offsetting/closing Open Positions without consent when insufficient funds remain.
Take Profit: An Order to close a position at a more profitable price.
Trading Account: The unique registration system of all Transactions and operations.
Trading Platform: All programs providing Quotes, allowing Transactions, and calculating obligations.
Transaction: Any type of transaction effected in the Client's trading account.
Transaction Size: Lot Size multiplied by the number of Lots.

2. COMMUNICATION

2.1 Transmission of Reports, Statements, Notices, and Other Communications

Reports, statements, notices and any other communications from Conscious Crypto Gold Fx Ltd will be made available by display electronically via Conscious Crypto Gold Fx Ltd Trading Platform, or may be transmitted electronically via e-mail or sent to the mailing address listed in the application, via U.S. mail or to such other address as the Customer may from time to time designate in writing to Conscious Crypto Gold Fx Ltd.

All communications so made available or sent shall be deemed transmitted by Conscious Crypto Gold Fx Ltd when deposited in the United States mail, or when received by a transmitting agent or posted in Conscious Crypto Gold Fx Ltd Trading Platform or Website and are thus available for the Customer's electronic access, or when e-mailed or faxed.

2.2 Consent to Other Communications

The Customer expressly invites Conscious Crypto Gold Fx Ltd, for the purpose of marketing financial services and products, from time to time, to make direct contact with the Customer by telephone, facsimile or otherwise. The Customer consents to such communications and agrees that the Customer will not consider such communication a breach of any of the Customer's rights under any relevant data protection and/or privacy regulations.

The Customer may opt out of receiving such communications by sending Conscious Crypto Gold Fx Ltd an e-mail at support@consciouscryptogoldfxtrade.com

3. RELATIONSHIP BETWEEN THE COMPANY AND THE CLIENT

3.1 The Company reserves the right to use, employ or appoint third qualified and duly trained person for the purpose of mediating in the execution of orders and the conclusion of transactions for the Client.

3.2 The Company declares that it takes all necessary measures, where possible, in order to anticipate or solve any conflicts of interest between, on the one hand, itself and its associated persons and clients and on the other hand, between its clients. However, the Company draws the Client's attention to the following possibilities of a conflict of interest.

3.3 The Company and/or any associated company and/or any company which is a member of the group of companies to which the Company belongs to, might:

  • Enter itself into an agreement with the Client in order to execute his Order;
  • Be an issuer of the Financial Instruments in which the Client wishes to conclude a transaction act on its behalf and/or for another client as a purchase and/or seller and may have an interest in the Financial Instruments of the issuer in which the Client wishes to conclude a transaction;
  • Act as the market maker, consultant, and investment manager and/or have any trading or other relationship with any issuer;
  • Pay a fee to third persons who either recommended the Client to the Company or who mediated in any way so that the Client's Orders are forwarded to the Company for execution.

4. CLIENT CLASSIFICATION

For the purposes of the services provided by Conscious Crypto Gold Fx Ltd under these Terms of business, we will act as principal and not as agent on your behalf. We shall treat you as a Retail Client, subject to the following:

a) If you satisfy the definition of Professional Client or Eligible Counter-party, we may notify you that we will treat you as such and the terms detailed in Schedule 1 shall apply; and

b) You may request a different client classification from the one we have allocated to you, but please be aware that we may decline such a request. If you do request a different categorization and we agree to such a request, you may lose the protection afforded by certain FSA Rules, a summary of these lost protections can be found in Schedule 1. This may include, but is not limited to:

I. The requirement for us to act in accordance with your best interests;

II. Our obligation to provide appropriate information to you before providing our services;

III. The restriction on the payment or receipt by us of any inducements;

IV. Our obligation to achieve the best execution of your orders if you are classified as an Eligible Counter-party only;

V. The requirement to implement procedures and arrangements which provide for the Prompt, fair, and expeditious execution of your orders;

VI. Our obligation to ensure that all information we provide to you is fair, clear and not misleading; and

VII. The requirement that you receive from us adequate reports on the services provided to you.

5. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

5.1 Anti-Money Laundering Compliance

Conscious Crypto Gold Fx Ltd recognizes that the USA PATRIOT Act, as amended from time to time (the "Act"), imposes important obligations on all financial firms for the detection, deterrence, and reporting of money laundering activities. Under the Act, money laundering is defined as any financial transaction using income derived from criminal activity including, but not limited to, drug trafficking, fraud, illegal gambling, and terrorism.

Conscious Crypto Gold Fx Ltd has established the following policies to ensure compliance with all laws and regulations regarding money laundering.

5.2 Customer Identification

Prior to the opening of any new Trading Account, Conscious Crypto Gold Fx Ltd will document the identity, nature of business, income, the source of funds, and investment objectives of each prospective customer. Therefore, Conscious Crypto Gold Fx Ltd will request the Customer's driver's license number, passport number and may request copies of the Customer's identifying documents.

5.3 Ongoing Monitoring

On an ongoing basis, Conscious Crypto Gold Fx Ltd will review Trading Account activity for evidence of transactions that may be indicative of money laundering activities. This review may include surveillance of: (a) money flows into and out of Trading Accounts, (b) the origin and destination of wire transfers, (c) non-economic transactions, and (d) other activity outside the normal course of business.

Every officer, employee and associated person of Conscious Crypto Gold Fx Ltd is responsible for assisting in the firm's efforts to uncover and report any activity that might constitute, or otherwise indicate or raise suspicions of, money laundering. To this end, Conscious Crypto Gold Fx Ltd provides continuing education and training of all such persons.

5.4 Compliance with Sanctions

Conscious Crypto Gold Fx Ltd will comply with all trade and economic sanctions imposed by the U.S. Office of Foreign Assets Control against targeted foreign countries and shall cooperate fully with government agencies, self-regulatory organisations, and law enforcement officials. As provided by the Act, Conscious Crypto Gold Fx Ltd may supply information about former, current or prospective customers to such bodies.

6. CLIENT ACCOUNTS

6.1 Account Holding

All amounts handed over by the Client to the Company or which the Company holds on behalf of the Client, for the provision of Investment Services as in paragraph 2, shall be held in the name of the Client and/or in the name of the Company on behalf of the Client in an account with any bank, other institution or any electronic payment providers/processors used to accept funds which the Company shall specify from time to time ("the 'Bank Account').

6.2 Withdrawal Rights

The Client has the right to withdraw the funds, which are not used for margin covering, free from any obligations from his sub-account without closing the said sub-account.

6.3 Withdrawal Processing

Money transfer request (withdrawal from the trading account) is processed within three working days after receiving from the Client transfer request instructions. Then the transferring amount reduces the balance of the Client's sub-account when the transfer request process is concluded.

The Company reserves the right to decline a withdrawal request if the request is not in accordance with paragraph 7.9 or delay the processing of the request if not satisfied on full documentation of the Client.

6.4 Transfer Fees

The Client agrees to pay any incurred bank transfer fees/charges charged by the Bank Account providers, the Company or any other intermediary involved in such transaction process when withdrawing funds from his sub-account to his designated account held in any of the providers specified in paragraph 7.1 above.

The Client is fully responsible for payments details, given to the Company and the Company accepts no responsibility for the Client's funds, if the Client's given details are wrong.

6.5 Deposit Processing

The Client agrees that any amounts sent by the Client or on the Client's behalf in the Bank Accounts, will be deposited (credited) to the Client's trading account at the value date of the payment received and net of any charges / fees charged by the Bank Account providers, the Company or any other intermediary involved in such transaction process.

The Company must be satisfied that the sender is the Client or an authorized representative of the Client before making any amount available to the Client's trading account, otherwise, the Company reserves the right to refund/send back the net amount credited to the account by the same method as received. It is also understood that the Company accepts no responsibility for any funds not deposited directly into Company's bank accounts.

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Our goal is to prioritise a seamless customer service experience to our customers, who are paramount to our business. We are committed to offering our clients a reliable and secure service so as to build a complete financial portfolio that empowers them to achieve financial freedom.

Contact Us

  • 20-22 Wenlock Road, London, England, N1 7GU
  • 9110 Belvoir Woods Pky Fort Belvoir, Virginia(VA), 22060 United States
  • support@consciouscryptogoldfxtrade.com

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