a. Internet and System failures: Since FFG does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions, delays, when you trade on-line (via Internet). Furthermore, any losses or foregone profits in Trader’s account are the responsibility of the Trader and not FFG, even if software, hardware, or other system failures or errors contributed to such losses or foregone profits.
b. Market risks and on-line trading: Trading currencies involves substantial risk that is not being suitable for everyone. See Trader Agreement for more detailed description of risks. Trading on-line, no matter how convenient or efficient, does not necessarily reduce risks associated with currency trading.
c. Password protection: The Trader is obligated to keep passwords secret and ensure that third parties do not obtain access to the trading facilities. The Trader will be liable to FFG for trades executed by means of the Trader’s password even if such use may be wrongful.
d. Quoting errors: Should quoting errors occur due to a dealer’s mistype of a quote, errors in an automatic price feed, or an erroneous price quote from a dealer, such as but not limited to a wrong big figure quote, FFG will not be liable for the resulting errors in account balances. FFG reserves the right to make the necessary corrections or adjustments on the account involved. Any dispute arising from such quoting errors will be resolved on a basis of a fair market value of a currency or CFD at the time such an error occurred.
11. Off-exchange transactions
In OTCFX, firms are not restricted to effect off-exchange transactions. The firm with which you deal may be acting as your counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules and attendant risks.
Off Exchange Transaction Disclosure
The acceptance of this Agreement gives acknowledgment that Trader has read, understands, and gives authorization to the following disclosure to trade currencies through the OTC foreign exchange market (“OTCFX”):
FXCH may from time to time execute transactions as Trader’s agent on OTCFX market to trade currencies, pursuant to an agreement between the Interbank agent and FFG, and that a trade executed between one banks executes a trade onset by another banking agent.
Trader understands that Trader may be giving up the right to have arbitration through the above paragraph on foreign exchanges.
• All customer accounts will have their margin requirements established by the dealing desk at FFG.
• FFG establishes all rules and provisions for customer accounts, including but not limited to minimum account size, investment time period, commissions and incentive fees, or any other financial arrangements.
• It is the customer’s responsibility to find out all necessary information about FFG and make sure that all arrangements are discussed and clearly understood prior to any trading activity.
• All customers should be aware that guaranteeing any return is illegal. In addition, FFG is not responsible for any claims or assurances made by FFG, its employees and/or associates.