Terms and Conditions
This Agreement describes the terms, conditions and risks applicable to customer use of our services available under the domain and sub-domains of WWW.arabfortrade.com (the "Site" or "Web site") Registration:
The company was incorporated in the New Zealand under the International Business Companies.
If you have any questions regarding this Agreement please contact firstname.lastname@example.org
You must read, agree with and accept all of the terms and conditions contained in this User 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 . By continuing to access or use the Web site and/or the company's trading system, 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, or upon receipt of e-mail notification by other users. The Agreement is otherwise effective for all users as of January 1st. 2010.
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.
Subject to the terms and conditions of this Agreement and acceptance of Customer's application to open an Account with ArabForTrade LIMITED, ArabForTrade LIMITED will maintain one or more Accounts in Customer's name and will effect cash settled transactions with and for Customer in the international Over-the-Counter Foreign Currency (foreign exchange) markets on a spot basis, and provide such other services and products as ArabForTrade LIMITED may, in its sole discretion, determine from time to time in the future. Unless expressly stated otherwise in writing, all Contracts and other transactions entered into between ArabForTrade LIMITED and Customer shall be governed by the terms of this Customer Agreement, as amended from time to time (including, without limitation, ArabForTrade LIMITED's Trading Policies and Procedures).
REPRESENTATIONS AND WARRANTIES
As of the date hereof, the date of each Contract and other transaction in Customer's Account and any date on which ArabForTrade LIMITED's Risk Disclosure Statement or Trading Policies and Procedures are revised, updated or amended, Customer represents and warrants to ArabForTrade LIMITED and agrees for the benefit of ArabForTrade LIMITED that:
If Customer is a natural person, Customer is of sound mind, legal age (18 years old) and legal competence.
If Customer is not a natural person,
(I) Customer is duly organized and validly existing under the applicable laws of the jurisdiction of its organization;
(II) execution and delivery of this Agreement and all Contracts and other transactions contemplated hereunder and performance of all obligations contemplated under this Agreement and all Contracts and other transactions contemplated hereunder have been duly authorized by Customer; and
(III) each person executing and delivering this Agreement and all Contracts and other transactions contemplated hereunder on behalf of Customer performing the obligations contemplated under this Agreement and any Contract and other transaction contemplated hereunder on behalf of Customer, has been duly authorized by Customer to do so.
Execution and delivery by Customer of this Agreement and all Contracts and other transactions contemplated hereunder, and performance of all of Customer's obligations contemplated under this Agreement and any Contract and other transaction contemplated hereunder, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to Customer.
Customer has read and understands the provisions contained in this Agreement, including, without limitation, ArabForTrade LIMITED's Risk Disclosure Statement and Trading Policies and Procedures, Customer will review the Agreement each time it is amended. Customer will not affect any Opening Transaction in Customer's Account unless Customer understands ArabForTrade LIMITED's revised Agreement, and Customer agrees that in effecting any Opening Transaction it is deemed to represent that it has read and understands ArabForTrade LIMITED's revised Agreement as in effect at the time of such Opening Transaction.
All information provided by Customer to ArabForTrade LIMITED, including information regarding Customer's trading experience and investment sophistication, is true, correct and complete, and Customer will notify ArabForTrade LIMITED promptly of any changes in such information.
The customer acknowledges that he received no such guarantees from ArabForTrade LIMITED or from any of its representative or any introducing agent or other entity with whom the customer is conducting his ArabForTrade LIMITED account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representation.
PURCHASES AND SALES
Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer's password and Account number and for any electronic, oral and written instruction (including, but limited to, any Order) to ArabForTrade LIMITED from persons ArabForTrade LIMITED, in its sole judgment, believes are apparently authorized by Customer.
ArabForTrade LIMITED will make available, by posting on the ArabForTrade LIMITED Online Trading Platform or by telephoning the ArabForTrade LIMITED Dealing Desk, Bid Prices and Ask Prices at which ArabForTrade LIMITED is prepared to enter Foreign Currency Contracts or Cross Currency Contracts with Customer. When requesting a market quotation, it may differ from the current price quoted by other sources, depending on the market condition. ArabForTrade LIMITED expects that these prices will be reasonably related to the bid prices and ask prices available in the market at that time for similar transactions, but a number of factors, such as communication system delays, high volume or volatility can result in deviations between prices quoted by ArabForTrade LIMITED and other sources. ArabForTrade LIMITED makes no warranty, express or implied, that Bid Prices and Ask Prices represent prevailing bid prices and ask prices.
ArabForTrade LIMITED will attempt to execute all Orders that it may, in its sole discretion, accept from Customer in accordance with Customer's instructions received through the ArabForTrade LIMITED Trading Platform or via telephone to the ArabForTrade LIMITED Dealing Desk. Any transaction entered into and made with ArabForTrade LIMITED shall be concluded with ArabForTrade LIMITED as a market maker. ArabForTrade LIMITED will attempt, on a best efforts basis, to execute trades on or close to the prevailing market prices. This may or may not adversely affect customer realized and unrealized gains and losses. All Contracts made and entered into by ArabForTrade LIMITED hereunder will be entered into by ArabForTrade LIMITED as principal. Customer acknowledges, understands and agrees that ArabForTrade LIMITED is not acting as a broker, intermediary, agent, and advisor or in any fiduciary capacity. Notwithstanding the provisions of this Paragraph, Customer acknowledges, understands and agrees that ArabForTrade LIMITED reserves the right to refuse to accept any order, and that all orders - if accepted, are accepted by ArabForTrade LIMITED and undertaken on an "best-efforts basis" in accordance with the relevant provisions of the Trading Policies and Procedures, as amended from time to time. ArabForTrade LIMITED may cancel any erroneous transaction resulting from mistaken (non-market) quotation revealed by ArabForTrade LIMITED. Any disputes arising out of such quoting errors shall be settled by negotiations.
Customer understands that while the Internet and the World Wide Web are generally reliable, technical problems or other conditions may delay or prevent customer from accessing the Web site. ArabForTrade LIMITED shall not be liable, and customer agree not to hold or seek to hold ArabForTrade LIMITED or any of its agents or service providers liable, for any technical problems, system failures and malfunctions, communication line failures, equipment or software failures or malfunctions, system access issues, system capacity issues, high Internet traffic demand, security breaches and unauthorized access, and other similar computer problems and defects.
ArabForTrade LIMITED does not represent, warrant or guarantee that customer will be able to access or use the Web site and/or the Trading Platform at times or locations of customer choosing, or that ArabForTrade LIMITED will have adequate capacity for the Web site and/or the Trading Platform as a whole or in any geographic location.
ArabForTrade LIMITED does not represent, warrant or guarantee that the Web site and/or trading platform will provide uninterrupted and error-free service. ArabForTrade LIMITED does not make any warranties or guarantees with respect to the Web site and its content and/or the Trading Platform, including but not limited to, warranties for merchantability or fitness for a particular purpose. Without limiting the foregoing, ArabForTrade LIMITED will not be responsible for an impossibility to execute orders and requirements due to failures in the operation of informational systems caused by technical faults, which are beyond its control.
Limitation Of Liability
ArabForTrade LIMITED shall not be liable to Customer for any claims, losses, damages, costs or expenses, including attorneys' fees, caused, directly or indirectly, by any events, actions or omissions, including, without limitation, claims, losses, damages, costs or expenses, including attorneys' fees, resulting from civil unrest, war, insurrection, international intervention, governmental action (including, without limitation, exchange controls, forfeitures, nationalizations, devaluations), natural disasters, acts of God, market conditions, inability to communicate with any relevant person or any delay, disruption, failure or malfunction of any transmission or communication system or computer facility belonging to ArabForTrade LIMITED, Customer, any market, or any settlement or clearing system.
ArabForTrade LIMITED reserves the right to limit the number of Open Positions that Customer may enter or maintain in Customer's Account. ArabForTrade LIMITED reserves the right, in its sole discretion, to refuse to accept any Order opening a new position or increasing an Open Position.
Customer acknowledges and agrees that any and all conversations between Customer and ArabForTrade LIMITED principals, agents, employees or associates, including the ArabForTrade LIMITED Dealing Desk and customer service and operations desks may, at the option and in the sole discretion of ArabForTrade LIMITED, be recorded electronically with or without the use of an automatic tone warning device. Customer further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or preceding that may arise involving Customer or ArabForTrade LIMITED.
For the service provided through Algo trading service an 25% of the profit is deducted as compensation for the service. Funds that are deposited in the Algo trading accounts and are using the Algorithms of ArabForTrade are not be withdrawn within the first 6 months of deposit. when a withdrawal request is processed, the 25% will immediately be deducted from the achieved profits after which the remaining transferable amount (which equals the full account value. ) will be paid.
MARKETING PROMOTIONS AND BONUSES
General Bonus Policy - In the interest of fair trading, traders must buy or sell at least (10) Ten mini lots in real-money mode for each unit of $10 bonus granted by ArabForTrade LIMITED before submitting any withdrawal requests. Each mini lot accounts for 10,000 currency units you choose to buy or sell.
For Example: If you receive a bonus of $25 your trading requirement is 25 mini lots which equals 250,000 currency units. Keep in mind that the number of currency units you're buying or selling per trade is determined by the amount of your trade X the leverage. So for example if you're making a trade for the amount of $25 with a leverage of 1:400, 25x400=10,000 so you're buying or selling one mini lot.
By accepting any bonus from ArabForTrade LIMITED you deem to accept all of the terms & conditions of Bonus Policy above.
In the case that a deposit bonus has been provided that exceed the 25% of the initial deposit, on request of withdrawal in case that the lots required for withdrawing the bonus allotted funds not completed the bonus and profit will be deducted from the withdrawal requested amount.
All promotions, bonuses or special promotions that we offer or will offer in the future are subject to specific promotional terms and conditions. All complimentary bonus money credited to your account must be strictly used under the specific promotion's terms and conditions. At all times, we reserve the right to retract and/or cancel any such promotion, bonus or special offer. If we suspect that a user has abused or attempted to abuse a bonus and/or other promotion or otherwise acted with a lack of good faith towards us, then we reserve the right, at our sole discretion, to deny, withhold or withdrawal from that user the bonus or promotion and if necessary to cancel any terms & conditions with respect to that user, either temporarily or permanently, or terminate that user's access to the service and/or block that user's account.
Any eligibility for a bonus will grant the bonus to be credited only once per account, person, household and/or any environment where computers are shared.
Risk Free Promotional Services Conditions:
Currently ArabForTrade offers this special promotion in 2 different groups depending on the deposited amounts and the amount of protected ( risk free) trades alloted to the client.
For the client to receive 100 risk free trades: , the client has to stand all of the below mentioned conditions, failure to meet these conditions renders this promotion void.
Minimum, but not limited to, the deposit of $ 3000.
The client is now permitted to leverage his account up to 10 times and minimum 5 times from his equity, at any given time.
The client is now permitted to risk up to the 5% from his totaled equity at any given trade.
The client is required to fulfill all 100 allotted risk free trades.
At the conclusion of all the allotted risk free trades the company will fully the trades that resulted in a loss for the client.
For every protected trade the company will charge a protected fee which equals the initials size of the spreads of the instruments traded.
For the client to receive 300 risk free trades: , the client has to stand all of the below mentioned conditions, failure to meet these conditions renders this promotion void
Minimum but not limited to the deposit of $ 10,000.
The client is now permitted to leverage his account up to 10 times and minimum 5 times from his equity , at any given time
The client is now permitted to risk up to 5% from his totaled equity at any given trade
The client is required to fulfill all 300 allotted risk free trades.
At the conclusion of all the allotted risk free trades the company will fully the trades that resulted in a loss for the client.
For every protected trade the company will charge a protected fee which equals the initials size of the spreads of the instruments traded
All initial and subsequent deposits for margin purposes shall be made in such amounts and in such forms as ArabForTrade LIMITED, in its sole discretion, may from time to time require. Customer agrees to deposit by immediate wire transfer such additional margin to the settlement account of ArabForTrade LIMITED when and as required by ArabForTrade LIMITED.
COMPLIANCE , KYC Documentation ( Know Your Customers)
In an effort to create a safe and secure trading environment, ArabForTrade adheres to compliance of strict anti-fraud and money laundering policies. As part of the compliance process, every live money client must submit the following documentation to ArabForTrade, for identification verification purposes:
The identification document must contain a clear photo , the applicant's full name  and an identification number . An acceptable form of identification can be one of the following documents:
- Copy of a Valid Unexpired Driving License
- Copy of a Valid Unexpired Passport
- Copy of a Valid Unexpired National Identity Card
PROOF OF ADDRESS – copy of utility bill, with complete name and address**
The Proof of residence document must contain the applicant's full name and a full residential address  .The document must be Current and valid and issued in the recent 3 months. An acceptable form of Proof of residence can be one of the following documents:
- Copy of a Recent Statement from a Recognized Bank
- Copy of a Recent Utility Bill such as a gas bill, electricity bill, telephone bill etc.
- Copy of a Government-issued Document with Residential Address
PROOF OF PAYMENT
For transactions made by Wire Transfer – Copy of swift confirmation
For transaction made by credit or debit cards – Copy of front and back sides of card In the front of the card you should have:
- The Last 4 Digits
- The Client’s Name
- The Expiration Date
* Copies must be clear and provide full ID (make sure no corners are cut off)
** Utility bill must be no older than 6 months
Send the documents listed above to Info@arabfortrade.com
Compliance policies are extremely important to the integrity and security of our ArabForTrade and our clients. We therefore recommend that you send your documents upon completing your initial deposit. This will also allow you to freely withdraw funds from your account at any time and without delay.
ArabForTrade is proud to offer its trader a secure and safe trading environment. If you need further assistance, please contact us at Info@arabfortrade.com
Withdrawal requests will only be processed after all proper documentation has been received by ArabForTrade. It is recommended that these forms are sent immediately upon registration, in order to expedite future withdrawal requests, as well as to ensure a secure and legitimate trading environment.
Please note that ArabForTrade might require additional forms and documentation that may be needed to complete the application process.
Notice of Withdrawal
When customer's transfer funds from their accounts with ArabForTrade LIMITED to their bank account, customer must complete notice of withdrawal specifying the amount which the customer wishes to withdrawal and bank details for delivery of such funds. Although it is permitted to withdrawal any amount from the account, margin requirements for open position must be met to maintain the account active.
Customer acknowledges and agrees that ArabForTrade LIMITED charging a commission for each bank transfer to cover the transfer costs.
Third Party Transfers
Any kind of transfers to any third parties is prohibited, except when transfer made to the account from which ArabForTrade LIMITED received the initial deposit. Other transfers shall be in the name of the holder of the account.
During the Registration process customer will be provided a user name and password that will be used by customer every time customer access the Web site and/or the Trading Platform to use the service. For protection and that of other Web site users, customer should not share his Registration information (including password and username) with another person or business entity for any purpose including, but not limited to, facilitating access and unauthorized use of the Service. Customer alone is responsible for all acts or omissions that occur within the Web site and/or Trading Platform through the use of his Registration information.
ArabForTrade LIMITED may charge for incidental banking-related fees such as wire charges for deposits/withdrawals. ArabForTrade LIMITED reserves the right to change its fee structure at any time without notice. Fees do not currently but may in the future include such things as statement charges, order cancellation charges, account transfer charges, telephone order charges or fees imposed by any interbank agency, bank, contract, market or other regulatory organization arising out of ArabForTrade LIMITED's provision of services hereunder.
CONFIRMATIONS AND STATEMENTS
Reports of the confirmation of orders and statement of accounts for the customer shall be deemed correct and shall be conclusive and binding upon the customer if not objected to immediately upon receipt and confirmed in writing within one working day after transmittal to the customer by mail, such a confirmation shall be evidence of a completed transaction. Customer failure to receive a trade confirmation for any reason, including failure of transmission or communication facilities, shall not relieve the customer of the obligation to object as set out herein, and the records of ArabForTrade LIMITED relating to this transaction shall be conclusive evidence of the terms of this transaction. All transaction made online through the Trading Platform shall be confirmed online upon execution while all transactions made by telephone shall be confirmed verbally on execution, as well as online on the trade terminal screen and by e-mail statements by 24:00 CET on the date of execution.
Daily statement shall be posted online and may be transmitted to the customer by e-mail to the address specified by the customer during ArabForTrade LIMITED Trading Platform installation or to such address as customer may from time to time designate in a written or electronic communication to ArabForTrade LIMITED. Customer is responsible for alerting ArabForTrade LIMITED to any change in its e-mail address. reports of the confirmation of orders and statement of account for customer posted online by ArabForTrade LIMITED shall be deemed correct and shall be conclusive and binding upon the customer within 3 (three) working days after their transmittal to the customer by e-mail or by post. Objections of the customer to any of the information contained in the confirmation, account statement or other information relating to the customer's accounts shall be made in writing or in the electronic format and shall contain sufficient information for identifying the problem or error.
Claims and Corrections
Trades executed online will be confirmed online at the time of the trade and trades entered into by telephone will be confirmed verbally and online on the day of execution. Reports of the confirmation of orders and statements of Accounts for Customer shall be deemed correct and shall be conclusive and binding upon Customer orders confirmed via the ArabForTrade LIMITED Online Trading Platform. Customer may object to confirmations and statements by telephone within the time frames identified above, but any such objection must be confirmed by e-mail to ArabForTrade LIMITED or in writing within three (3) Business Days thereafter to ArabForTrade LIMITED, which confirmation shall be deemed received only if actually delivered. Failure to object shall be deemed ratification by Customer of all actions taken by ArabForTrade LIMITED or ArabForTrade LIMITED's agents prior to Customer's receipt of such reports. Customer's failure to receive a trade confirmation shall not relieve Customer of the obligation to object as set out herein. Customer agrees to immediately call to ArabForTrade LIMITED's attention any oral information that Customer has reason to believe is inconsistent with Customer's own information. Customer understands, acknowledges and agrees that errors, whether resulting in a profit or loss to Customer, shall be corrected, and Customer's Account will be credited or debited in such manner and extent as to place Customer's Account in the same position in which it would have been had the error not occurred.
Reports, statements, notices and any other communications from ArabForTrade LIMITED may be transmitted to Customer by:
- placement on ArabForTrade LIMITED 's Website; or
- email or
- other delivery service to Customer's current address as reflected on ArabForTrade LIMITED's records.
Customer shall notify ArabForTrade LIMITED immediately of any change in Customer's address by e-mail or by mail or other delivery service to ArabForTrade LIMITED. All communications sent by ArabForTrade LIMITED shall be deemed effective when deposited by ArabForTrade LIMITED in the mail or with another delivery service, or when received by a transmitting agent (such as an Internet service provider) for transmission to Customer, whether actually received by Customer or not. All communications sent by Customer shall not be deemed effective until accepted by ArabForTrade LIMITED. Notice and any other correspondence from the customer may be sent to ArabForTrade LIMITED by post or other delivery service to the following address: To the e-mail addresses published on the ArabForTrade LIMITED Website at www.arabfortrade.com
Customer agree that ArabForTrade LIMITED will not be liable in any way to customer or to any other person for any claims, losses, damage, cost, and expenses, including attorneys fees in the event of force majeure, or for the act of any Government or legal authority, or for the failure of or damage or destruction to its computer systems, data or records or any part thereof, or for delays, losses, errors or omissions resulting from the failure or mismanagement of any telecommunications or computer equipment or software, whether belonging to ArabForTrade LIMITED, or to customer, or to any other settlement or clearing system.
The parties shall be released of all responsibilities for partial, full or non-fulfillment, as well as for improper fulfillment of the obligations under this Agreement, if such non-fulfillment or improper fulfillment was a result of extraordinary events, which occurred after this Agreement was concluded and which the party could not either foresee or prevent (natural calamities, wars, armed conflicts etc.).
NO ADVISE OR RECOMMENDATION
Customer acknowledges that any market recommendation and information communicated to customer by ArabForTrade LIMITED do not constitute an offer to sell or the solicitation of an offer to buy any Forex Currency Contract, such recommendation and information, although based upon information obtained from sources believed by ArabForTrade LIMITED to be reliable, may be based solely on a broker's opinion and that such information may be incomplete and may be unverified, and ArabForTrade LIMITED makes no representation, warranty, or guarantee as to, and shall not be responsible for the accuracy or completeness of any information or trading recommendation furnished to customer.
Customer acknowledges that he has no separate agreement with Customer's broker or any ArabForTrade LIMITED employee or agent regarding the trading in Customer's Forex Account, including any agreement to guarantee profits in Customer's account. Customer understands that Customer is under an obligation to notify ArabForTrade LIMITED's Compliance Officer immediately in writing as to any agreement of this type. Further, Customer understands that any representations made by anyone concerning Customer's account which differ from any statements Customer receives from ArabForTrade LIMITED must be brought to the attention of ArabForTrade LIMITED's Compliance Officer immediately in writing. Customer understands that Customer must authorize every transaction prior to its execution unless Customer has delegated discretion to another party by signing ArabForTrade LIMITED's limited trading authorization, and any disputed transactions must be brought to the attention of the ArabForTrade LIMITED's Compliance Officer pursuant to the notice requirements of this Customer Agreement. Customer agrees to indemnify and hold ArabForTrade LIMITED harmless from all damages or liability resulting from Customer's failure to immediately notify ArabForTrade LIMITED's Compliance Officer of any of the occurrences referred to herein. All notices required under this section shall be sent to ArabForTrade LIMITED at its address appearing on confirmations and account statements.
INTELLECTUAL PROPERTY AND CONFIDENTIALITY
All content, trademarks, trading platform, services marks, trade names, logos and icons are the property of ArabForTrade LIMITED or its affiliates or agents and are protected by copyright laws and international treaties and provisions.
Customer agrees not to delete any copyright notices or other indications of protected intellectual property rights from materials that customer print or download from the Web site. Customer will not obtain any intellectual property rights in or any right or license to use such materials or the Web site or the Trading Platform, other than as set out in this Agreement.
Customer use of the trade marks, or any other content of the Web site without the written permission of ArabForTrade LIMITED or such third party that may own the trademarks as well as copying, modifying, de-compile, reverse engineer or convert the trading platform or the manner in which its operates, is strictly prohibited.
ArabForTrade LIMITED is committed to protecting the confidentiality of any customer's information, which it may acquire during the course of providing its services. It is the ArabForTrade LIMITED's policy not to disclose customer's information to non-affiliated third parties except its employees, agents, partners and associates to the extent required for the conduct of business, including but not limited to its banking and credit relationship.
ArabForTrade LIMITED may only disclose information on the customer or the customers transaction with the consent of the customer or when required by law by legally valid request response to court orders.
JOINT AND TRUST ACCOUNTS
Customer agrees to indemnify and hold ArabForTrade LIMITED, its affiliates, employees, agent, successors and assigns harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorneys' fees, incurred by ArabForTrade LIMITED. Arising out of customer's failure to fully and timely performs customer's agreements herein or should any of the representation and warranties fail to be true and correct. Customer also agrees to pay promptly to ArabForTrade LIMITED all damages, costs, and expenses, including attorneys' fees, incurred by ArabForTrade LIMITED in the enforcement of any of the provision of this agreement and any other agreement between ArabForTrade LIMITED and customer.
ArabForTrade LIMITED may amend or revise this Agreement at any time by posting the amended terms on the Site and the customer agree to be bound by future revisions. The Company will advise current register