Easy Cash, Quick Returns and an Empty Account: Israeli Firms Leading the Forex Scam
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Ask - means the higher price in a quote. The price the Client may buy at. Bid - means the lower price in a quote. The price the Client may sell at.
Classic Options - means CFDs on stock options. The prediction can be made as to whether the value of the underlying asset will fall above or below the strike price at time of expiration.
Execution - means the execution of Client order s by the Company acting as the Client's counterparty as per the terms of the present agreement. Financial Instruments - means the Financial Instruments as per paragraph 2. KYC documents - means the documents to be provided by the Client, including without limitation to israeli regulatory chief requests power from attorney general to finish off the entire binary option a copy of the passport or ID and utility bill of the Client.
Prices - means the prices offered to the Client for each transaction which may be changed without prior notice.
Services — means the services described in section 3 of this Agreement. Spread - means the difference between the purchase price Ask rate and the sale price Bid rate at the same moment.
For avoidance of doubt, a predefined spread is for the purposes of this Agreement assimilated commission. The Investment and Ancillary Services which the Company should provide under the terms of the Agreement are stated below, and the Company will provide them in its capacity as a market maker under the terms of this Agreement.
The Services that the Company provides in relation to one or more Financial Instruments are the following the list below not to be regarded as exhaustive:. The Company does not provide investment, tax or trading advice unless specified as such between the Client and the Company in a separate agreement.
Israeli regulatory chief requests power from attorney general to finish off the entire binary option should obtain your own financial, legal, taxation and other professional advice. Subject to the provisions of this Agreement, the Company agrees to provide the Client with the Services subject to the Client:. The Client acknowledges that the Company will have the right, at any time and for any reason and without justification, at its sole discretion, to refuse to execute orders, including, without limitation, in the following circumstances:.
The Client hereby confirms to have read, understood and hereby accepts the risk statement relating to the use of Services on the Website, as the same is available electronically via the Website. Opting in for the One Click Trading mode means that you acknowledge that you have read and understood the following terms and conditions, and you agree to be bound hereby.
Your current version of the platform enables you to choose between the following modes for order submission. You agree that you will be bound by the procedures and conditions specified herein with respect to each such mode. There are several steps you have to follow when using the default mode for the submission of orders. Using the default mode, you first invoke the instruments menu and choose the assets you want to trade. Using the default mode, a confirmation window will appear and will you have to confirm your intentions and the trade details in order to confirm the transaction.
Your order will not be submitted until you have completed the aforementioned procedure. The One Click Trading mode for order submission "One-click trading" is a one-step process. There will be no subsequent confirmation prompt for you to click; hence you should ensure beforehand that all parameters are set based on your trading intentions.
Under normal market conditions and system performance, a market order will be promptly filled after submission and you will have entered into a binding transaction.
You can activate or deactivate One Click Trading mode in the settings of the platform. One Click Trading can be activated or deactivated for one or several instruments in the settings. You agree to accept all risks associated with the use of the order submission mode you have chosen, including, without limitation, the risk of errors, omissions or mistakes made in submitting any order. You agree to fully indemnify and hold harmless the Company from any and all losses, costs and expenses that may incur as a result of any such errors, omissions or mistakes by you or any other person trading on your behalf.
If you accept the One Click Trading terms and conditions, tick the "buy in one click" option when opening trades on the platform. If you do not accept the conditions, do not tick the box and do not use the One Click Trading function. In case that the connection between the trading platform and the server is correct, israeli regulatory chief requests power from attorney general to finish off the entire binary option trading platform will receive the results of processing of the Client request or order by the Company.
The time of the process may vary and depends on the quality of the communication between the Trading Platform and the server of the Company, as well as on the market conditions. In normal market conditions the time of the process usually varies between seconds. If the client sends the request before the first quote in the Trading Platform on the market opening:. When using the trading platform it is allowed to use only one tab of the browser. Closing of trading position occurs at the current price at the trading server at the moment of closing of the trading operation.
IQ Option Europe Ltd. The Company will offer Services to the Client at the absolute discretion of the Company subject to the provisions of section 7 below. The Company reserves the right to register and operate other website s for identifying suitable opportunities and creating consumer interest and awareness towards the Services to specific countries, which contain information and disclosures to the Clients and prospective clients in a foreign language.
The Company may provide all company documents in languages other than English for informational purposes only. Any translations provided do not bind the Company legally and the Company is not responsible for the accuracy of the information therein.
The Client should also refer to the Website in English for information on the Company and its policies. The Client accepts this Agreement by registering a Trading Account on the Website and depositing funds. By accepting the Agreement, the Client enters into a legal and binding agreement with the Company. Any agreement between the Company and its Clients and the procedure to be followed under it, is governed by the Distance Marketing of Consumer Financial Services Law N.
By accepting this current agreement, the Client confirms that they are able to receive information, including amendments to the present agreement either via email or through the Website. In case a Client wishes to have a printed Agreement, duly signed and stamped by the Company, the Client must download from the website at www.
This Agreement will be stored in a Durable Medium and accessible inside the Account and the Client can freely consult it at any time. In this Agreement, except where the context otherwise requires, the following terms shall have the following meaning:. Headings of the paragraphs shall be used solely for ease of reference and shall not affect the israeli regulatory chief requests power from attorney general to finish off the entire binary option and interpretation of the Agreement.
Unless the context otherwise requires, reference to persons shall also include legal persons, the singular shall include the plural and vice-versa and either gender shall include the other. Reference to any agreement including without limitation, this Agreement or to any other document, shall be deemed to include references to them as these may from time to time be amended, expanded or replaced and to all agreements and documents, which are declared to be supplementary to them or are attached thereto.
Subject to the Client fulfilling the obligations under this Agreement, the Company shall facilitate the execution of relevant transactions requested by the Client and allowed by the capabilities of the Company and the Agreement. The Company shall carry out all transactions as provided in this Agreement on an execution-only basis, neither managing the account nor advising the Client.
The Company is entitled to execute transactions requested by the Client as provided in this Agreement even if israeli regulatory chief requests power from attorney general to finish off the entire binary option transaction is not beneficial for the Client. The Services that the Company has the right to provide in relation to one or more Financial Instruments as specified in its CySEC license and as per the terms of the Agreement are the following:.
Without derogation from the above, the Company reserves the right, acting reasonably, to suspend or refuse access to and use of the Trading Platform to anyone at its sole and absolute discretion. Any reports, news, opinions and any other information which may be provided by the Company to the Client, aim to facilitate israeli regulatory chief requests power from attorney general to finish off the entire binary option Client in making his own investment decisions and do not constitute personal investment advice.
Unless such written agreement has been entered into between the Client and the Company, the provision of reports, news, opinions and any other information by the Company to the Client does not constitute investment advice or investment research.
The Client agrees and acknowledges that he shall be exclusively responsible for any investment strategy, transaction or investment and he shall not rely on the Company for this purpose and the Company shall have no responsibility whatsoever, irrespective of any circumstances, for any such investment strategy, transaction or investment. The Client has the right to cancel his order given to the Company within 3 seconds after the moment of giving such order to the Company hereinafter referred to as the "Cancellation".
Three seconds from the moment of giving the order to the Company by the Client via the platform, the Company may but is not obliged to offer to buyout the option from the Client and the Client have the right to agree to such offer hereinafter referred to as the "Buyout". The Client is entitled to use such Cancellation or Buyout option subject to the conditions specified on the platform.
Such conditions can also include the fee charged by the Company. Such fee is specified on the platform. The Company is obliged to provide all necessary information as to the conditions of Cancellation and Buyout, their cost, etc. The Client acknowledges and agrees that provision of such information on the platform is sufficient.
When registering for a trading account with the Company, the Client must provide their personal data and verify their email address and telephone contact number. The Client is unable to proceed in his account registration unless this information is provided.
Clients will be unable to proceed to the trading platform without completing their account identification. Verification documents may include but are not limited to:.
Depending on the method of deposit, the Company reserves the right to request supporting documentation in order to verify the beneficial owner of the account from which funds have been sent. In the case of Credit or Debit Cards deposits, the Company will request a scan copy of the front and back of the card. The Client should ensure to only leave available the first 6 and last 4 digits of the card number. It is understood that the Company, israeli regulatory chief requests power from attorney general to finish off the entire binary option applicable regulations, is not required to accept a person as a Client until all documentation required by the Company have been received, properly and fully completed by the person and all internal checks have been satisfied.
The Client israeli regulatory chief requests power from attorney general to finish off the entire binary option to:. The Client authorizes the Company to use such information to perform internal checks. The Company may, at its discretion and depending on the deposit amount of the Client, give the client up to fourteen 14 days from the date of deposit, to provide supporting documents for the verification of the account. During this time, the Client will have access to the trading platform.
The Company is required under MiFID II to categorize any Client as eligible Counterparty, Professional Client or Retail Client so that when carrying out business with a Client, the Company can provide the level of information, services and protection that is appropriate to and consistent with a Client categorization.
The Client has the right to request in writing to be categorized as a Professional Client provided the relevant criteria and procedure are fulfilledbut in such case the Client will be afforded fewer regulatory protections. The Company will assess specific quantitative and qualitative criteria in accordance with the provisions of the Law and the change of categorization will depend on its absolute discretion.
The Client has the right to register only one Trading Account, if any Client has multiple Trading Accounts then the Client needs to inform the Company in relation to these Trading Accounts before carrying out any transactions. If for any reason, the Company is not informed of any multiple Trading Accounts and discovers this to be the case, the Client will be contacted in order to choose which account they wish to keep.
Israeli regulatory chief requests power from attorney general to finish off the entire binary option other accounts will be blocked and Client's funds will be refunded back to the Client. Any losses incurred as a result of trading will not be refunded to the Client. The Client confirms that the purpose and reason for registering and operating an IQ Option Trading account is to trade, on their own behalf, in any financial instruments and to take advantage of the services offered by the Company.
The Client warrants that should the reason for operating an IQ Option Trading account change, they will inform the Company immediately. This indemnity shall survive termination of this Agreement. The Company shall not be liable for any loss, expense, cost or liability incurred by the Client in relation to this Agreement, unless such loss, expense, cost or liability is resulted from gross negligence, willful default or fraud by the Company.
Notwithstanding the provisions of paragraph 6. The Company shall not be liable for any loss of opportunity as a result of which the value of the Financial Instruments of the Client could have been increased or for any decrease in the value of the Financial Instruments of the Client, regardless of the cause, unless such loss is directly due to gross negligence, willful default or fraud on the part of the Company.
The Company shall not be liable for any loss which is the result of misrepresentation of facts, error in judgment or any act done or which the Company has omitted to do, whenever caused, unless such act or omission resulted from gross negligence, willful default or fraud by the Company.