Client's GFX Securities Financial Services Agreement

Privacy Policy

Client's GFX Securities Financial Services Agreement

GFX

This trading services agreement between GFX Company B.S.C and its clients (“this agreement”) contains important information about the rights, obligations and liabilities of the parties and privacy as well as the risks associated with using the services provided by GFX Company Financial Services, an investment company. It is regulated by the Ministry of Commerce and Industry and its registered office address is Office 81, Building 168, Road 1703, Block 317, Diplomatic District, Manama, Kingdom of Bahrain (“GFX B.S.C”). Please read the following terms and conditions carefully.

In exchange for GFX Financial Services opening and maintaining one or more accounts for me, and providing me with services to buy and sell securities and / or other properties that can be bought or sold by or through GFX Financial Services for the account (s) of private trading. / My own, I agree to abide by the terms and conditions stipulated in this agreement.

In the event that I am a new customer, I will carefully read and understand the terms and conditions of this agreement before I click on the word “I agree”. If I have any inquiries about any of the provisions contained in this agreement, I will contact GFX Financial Services on the number 97317260190+ 

I realize that pressing the word “I agree” is the legal equivalent of actually signing this agreement, and I will be legally bound by its terms and provisions. In the event that I do not submit my application online, I understand that by opening a trading account, I agree to be bound by the terms and conditions of this agreement. I understand that this Agreement may be amended from time to time by GFX Financial Services and the revised terms will be posted on the GFX Website (“GFX Securities Website”). I agree to follow updates on this agreement. I understand that in the event that I continue to maintain the trading account without objecting to the amended terms of this agreement, I agree to the amended terms of this agreement and I will be bound by those terms and conditions..

This trading services agreement between GFX Company B.S.C and its clients (“this agreement”) contains important information about the rights, obligations and liabilities of the parties and privacy as well as the risks associated with using the services provided by GFX Company Financial Services, an investment company. It is regulated by the Ministry of Commerce and Industry and its registered office address is Office 81, Building 168, Road 1703, Block 317, Diplomatic District, Manama, Kingdom of Bahrain (“GFX B.S.C”). Please read the following terms and conditions carefully.

In exchange for GFX Financial Services opening and maintaining one or more accounts for me, and providing me with services to buy and sell securities and / or other properties that can be bought or sold by or through GFX Financial Services for the account (s) of private trading. / My own, I agree to abide by the terms and conditions stipulated in this agreement.

In the event that I am a new customer, I will carefully read and understand the terms and conditions of this agreement before I click on the word “I agree”. If I have any inquiries about any of the provisions contained in this agreement, I will contact GFX Financial Services on the number 97317260190+ 

I realize that pressing the word “I agree” is the legal equivalent of actually signing this agreement, and I will be legally bound by its terms and provisions. In the event that I do not submit my application online, I understand that by opening a trading account, I agree to be bound by the terms and conditions of this agreement. I understand that this Agreement may be amended from time to time by GFX Financial Services and the revised terms will be posted on the GFX Website (“GFX Securities Website”). I agree to follow updates on this agreement. I understand that in the event that I continue to maintain the trading account without objecting to the amended terms of this agreement, I agree to the amended terms of this agreement and I will be bound by those terms and conditions..

 

Definitions

 1.1 In this Agreement, including the appendices, annexes and timelines, the following words and phrases mean, unless the context otherwise requires, the following::

Account owner

Means the person, company, partnership, trustee, custodian or any other entity in whose name a trading account is opened. The account holder’s singular includes the plural as applicable;

 

Subsidiary company / “subsidiaries”

Means a legal entity that is controlled, controlled, or jointly controlled by another legal entity, but only when this control relationship exists. “Control” means the direct or indirect ownership or power to control more than 50% of the issued shares or other securities of an entity or of the voting rights related to the issued shares or other securities of such entity; Or the authority to control, directly or indirectly, in appointing more than 50% of any board of directors or administrative body for this entity;

 

Applicable laws

Means all laws, regulations, stock market rules or clearing rules and market agreements in force in the Kingdom of Bahrain and under any other legislation in which GFX Financial Services or any of its companies or service providers provides services in accordance with or in connection with this agreement or which are In it the issuance of securities or other property owned or traded pursuant to or in connection with this agreement, their circulation, listing, implementation, payment or custodianship thereon;

 

Authority

It means, in each country, the authority that supervises the financial market (s) and the brokers and licenses them in that country;

 

a work day

Means the day when the stock exchange and banks in the Kingdom of Bahrain are open for business;

 

Trading account

Means the primary trading account provided by GFX Financial Services in which the client makes all purchases and cash settlements, with leverage; For the avoidance of doubt, the cash account offers a marginal trading facility;

 

The cash balance

It means the balance in the client’s trading account representing the funds owed to the client as it is a general obligation of GFX Securities Financial Services to the extent that such a balance is available for withdrawal. The cash balance is the sum of cash not invested in the trading account minus the following:

  • The funds needed to pay for purchases for settlement on or after the date on which the cash balance is determined.
  • Trading account fees, including fees for wire transfer or wire transfer of funds
  • The credit balances that are designated as security for the customer’s obligations. Cash balances are not bank deposits.
 

Means any responsibilities, rights, losses, damages, penalties, issues, settlements or other expenses of any kind, including but not limited to special and punitive damages, direct, indirect, incidental, and consequential and administrative losses, legal fees, litigation fees, fees and expenses of auditors. ;

Means any responsibilities, rights, losses, damages, penalties, issues, settlements or other expenses of any kind, including but not limited to special and punitive damages, direct, indirect, incidental, and consequential and administrative losses, legal fees, litigation fees, fees and expenses of auditors. ;

 

Security

Means the securities and / or other monetary and negotiable assets that are in a form of acceptable collateral to GFX Securities Financial Services and any authority, as notified to the Client from time to time;

 

Commission

Means fees, charges and / or expenses related to the service;

 

Conditional trading orders

Includes:

  • Stop loss orders.
  • Take Profit or Limit Price Orders.
  • Conditional orders given by the account holder to GFX Securities Financial Services.

These conditional trading orders are given by the account holder to deal in his trading account and have the following meanings:

Stop Loss Orders: A stop loss order is an order given by the account holder that leads to the sale of securities and / or other specified property as soon as possible after the price of these securities and / or other property reaches a predetermined level and is different from Current market price.

Take Profit Orders or Limit Orders: A Take Profit Order is an order issued by an account holder who closes a certain trade as soon as it reaches a certain level of profit..

Conditional Orders: A conditional order is an order that will lead to the automatic sale of specified securities and / or other property only when specific criteria are met (determined by the account holder);

 

Confidential information

Means the information disclosed by one of the parties to the other party regarding the provision of services and the implementation of this agreement in any form or means by which it is obtained (whether oral or written) including but not limited to the existence of this agreement, its content, specifications, records, and quotations. The opinions of analysts, research reports, contents, information, data, computer programs, drawings, charts, technical knowledge, notes, forms, reports and samples provided that the written confidential information is clearly identified with a mark stating its confidentiality or privacy and that the confidential information disclosed orally is confirmed in writing as confidential or private within thirty ( 30) days of detection;

 

المحتويات

Means the current and historical securities prices, quotes, news and opinions of analysts, reports, contents, information, products, applications, services, and other other information listed and available on the GFX Securities website. www.gfxsecurities.com   Provided in relation to the services;

 

Country

It means the Kingdom of Bahrain and any other country it is in (i) GFX Securities Financial Services is licensed and permitted to provide access to the financial markets of this country, or (ii) In which GFX Securities Financial Services maintains a relationship with an executive broker licensed and authorized to provide GFX Securities Financial Services and its clients with services to access the financial markets of this country;

 

Today

Means today in the Gregorian calendar.

 

Debit balance

Means an account balance representing funds owed to GFX Securities Financial Services;

 

the documents

Means operating manuals, user instructions, technical literature, complaint handling procedures and other materials provided to the account holder by GFX Securities Financial Services (whether printed or by electronic means) to assist in using the services and products of GFX Securities for Financial Services and its system, including: That is any part or copy thereof;

 

Tax Compliance Act on Foreign Accounts (FATCA)”

Means the Tax Compliance Act on Foreign Accounts of Americans signed as law by the US government on March 28, 2010.

 

GFX Securities website

Means the website operated by GFX Securities, under the name “GFX Securities”;

 

Market / Financial markets

Means the stock exchange / exchanges or any other market / market for securities and commodities licensed by the authority in a country in which the client is authorized to execute an order / orders to sell, buy or exchange and / or those services related to such business;

 

The case of force majeure

Means any circumstances beyond the reasonable control of GFX Securities Financial Services, including, without limitation, delays or inaccuracies in the transmission of orders or information due to breakdown or failure of transportation or communication facilities or systems, power outages, theft or Inability or delay caused by floods, earthquakes, extreme or unusual climatic conditions, natural disasters or other natural disasters, fires, wars, terrorist attacks, armed disobedience, riots, strikes, labor disputes or any industrial conflict of any kind (Other than disputes involving employees of GFX Securities Financial Services or employees of an affiliate of GFX Securities Financial Services), lightning, explosions, civil unrest, malicious damage, storms, thunder, actions or deficiencies of telecom carriers or any party A third or disruption of equipment or software or any government action or other actions taken by other authorities or actions or omissions by persons or entities that are not GFX-Scio Ratiz Financial Services is responsible for it including financial market provisions or trading suspensions;

 

“I”, “mine,” “mine,” “we

It means all legal and natural persons who are account holders or who have legal or beneficial interest in a trading account;

 

Information providers

Means the sources from which GFX Securities Financial Services obtains the Content, including but not limited to the financial markets;

 

Trading based on inside information

Means trading in company securities by persons who have important information not available to the general public about that company;

 

Intellectual property rights

It means literary and artistic property rights (including but not limited to the copyright of the content) as well as all computer script code (whether or not translated), patents, utility models, trademarks, technical knowledge, trade names, domain names, and rights to logos and form. General, innovations and all rights related to computer programs and data, databases, works, confidential information, trade secrets, design rights (whether registered or unregistered), topographies, and all intangible rights, privileges, and forms of protection of a nature or have an effect similar to any of the above that may be located anywhere in the world;

 

Market data

Means quotes, transactions and last sale information published by information providers in accordance with applicable regulations and all information based on any such information;

 

Market order

Means the issuance of instructions to buy or sell a security and / or other property at the price or prices prevailing in the market / financial markets at the time those instructions are entered into the system by the account holder to implement them in his trading account..

 

Product / products of GFX Securities Financial Services

Means the products provided by GFX Securities Financial Services or its subsidiary company / companies in connection with the services listed from time to time on the GFX Securities website.

GFX Securities financial services programs

Means

(i) Computer programs;

(ii) الوثائق ذات الصلة؛

(iii) Any revised and revised versions (“updates”) and improved versions (“improvements”) of such software and computer documentation provided by GFX Securities for Financial Services (and / or its subsidiaries) in the normal course of its business on the GFX website. Securities; And the

(iv) All copies of the foregoing, including copies included in the products of GFX Securities for Financial Services and / or copies provided by GFX Securities for Financial Services in favor of or in connection with the provision of services;

 

the month

Means the month according to the Gregorian calendar;

 

Pooled account

Means the trading account held on behalf of the client and in the name of the client with GFX Securities Financial Services and in the name of GFX Securities Financial Services with the relevant exchanges. Also, any sub-accounts opened under the main account will be marked using distinct encoding numbers that must be disclosed to the customer;

 

order/orders

Means one or more market orders / orders and / or one or more conditional orders. If one command is executed in a number of partial operations it is considered one command for computational purposes;

The two parties / the party / both parties

Means GFX Securities Financial Services and / or the account holder, as applicable;

 

The abstaining customer / the abstaining account holder

It means the uncooperative customer who:

  • Fails to comply with reasonable requests for information necessary to determine whether the account holder is a US national;
  • Fail to provide the name, address, and tax link number of each identified U.S. person and each primary U.S. owner of a foreign entity owned by U.S. persons;
  • Failed to file a waiver of any foreign law that may prevent foreign financial institutions from reporting information required under the Tax Compliance Act on American Foreign Accounts.

The US Account Reportable Under the Foreign Foreign Accounts Tax Compliance Act (FATCA)

Means the financial account held by:

An American personality (whether an individual or an entity) or by a foreign entity with US ownership exceeding 10% of its capital, whether directly or indirectly.

Securities and / or other property

Means cash money, shares, corporate bonds, public and government bonds, options for traded shares, derivatives, and any other financial instruments (whether approved or not) permitted to trade in the financial market, as well as any related contracts with respect to the current or future delivery of such securities (or the value that is made Calculate it by reference to the price of these securities) and any and all of their rights and entitlements;

 

Services

Regulated financial services provided by GFX Securities Financial Services to the account holder pursuant to or in connection with this agreement, including but not limited to opening client accounts, preserving client funds, settling and executing customer transactions (purchase and / or sale) in Market / Financial Markets or OTC Trading, including but not limited to:

(A) Acceptance of orders, via the system, issued by the account holder regarding the purchase and / or sale of securities and / or other specific property that GFX Securities may acquire from time to time for the type of trading account for which the account holder has been approved ; And the

(B) Executing and settling such transactions by or through one of the appropriate and licensed institutions in the relevant country. Under GFX Securities Financial Services’ execution and settlement agreements, transactions may be executed and / or settled by GFX Securities Financial Services or one of its subsidiaries or by a third party that is not affiliated with it;

Settlement date

Means the date on which the transaction is to be completed in a particular financial market. On this day, buyers have to pay for the purchases and / or sellers have to hand over their securities. With regard to stock transactions in the Gulf financial markets, the settlement date usually falls within a period of between one to three (1-3) days after the execution of the trading.

 

Account statement (s)

Means the document required by the account holder and issued by GFX Securities Financial Services electronically or otherwise to its clients once a month that includes all transactions that took place during the previous month on the account in question as well as other information such as those required under the applicable regulations or on the information that It is as agreed between GFX Securities Financial Services and the account holder;

 

“the system”

Means the online trading platform and Trader’s Workstation provided by GFX Securities Financial Services and used by account holders to enter orders;

 

Trading account

It means every account with GFX Securities Financial Services to be established in the name of the client only or in the name of the client along with the owner (s) of other account holders or in which the client has an interest. A cash account is a special type of trading account that does not provide credit or marginal facilities;

 

Request to open a trading account

Means the application form prepared by the account holder and submitted to GFX Securities Financial Services to open a trading account. As part of the request to open a trading account, the account holder agrees to the provisions stipulated in this agreement and provides the information required by GFX Securities Financial Services with regard to opening or maintaining a trading account, and any subsequent requests submitted by the client to GFX Securities Financial Services to obtain additional services or benefits for a brokerage account;

 

Transaction / Transactions

Means the transactions occurring in order to execute the orders issued by the account holder, including any related trading, processing and settlement activities;

 

American person

(Under the Tax Compliance Act on Foreign Foreign Accounts)

Means:

A person who falls into any of the following classifications:

· A US citizen (either alone or with spouse), wherever residing;

· US Green Card holder (wherever he lives);

· Resident of the United States of America;

· A non-U.S. Citizen but largely present in America;

· US taxpayer for any other reason.

An entity based in the United States of America except for public trading companies and their subsidiaries, banks, charitable organizations, real estate investment funds, registered investment funds … etc..

Inactive foreign nonfinancial legal entities that are under substantial U.S. ownership (Or under Model 1 IGAMonitor people who are American):

– A company or partnership in which one of the above-mentioned owns, either directly or indirectly, 10% or more (regarding the Substantive Ownership Test) or 25% or more (regarding the Dominant Person Test); And the

– Investment instruments: any level of ownership by those mentioned above that represents substantial U.S. ownership;

“USD”

Abbreviation indicating the US dollar;

 

the week

Means the week according to the Gregorian calendar.

2.1  The title of each provision of this agreement is for descriptive purposes only and is not intended to amend or qualify any of the rights or obligations stipulated in each such provision..

3.1  The term “GFX Securities Financial Services” includes GFX Securities for Financial Services and its successors and assigns. The term “I”, “we” or “myself” includes the party (or parties) that created this agreement or any other agreements and authorizations that have been drawn up in connection with opening and maintaining a trading account..

 
  1. Acknowledgments and authorizations

1.2  Customer acknowledges that he has carefully read and understood this agreement and will keep a copy of it for future reference. The client realizes that this agreement governs all aspects of the relationship between the client and GFX Securities Financial Services, including all transactions between GFX Securities Financial Services and the client and all products and services of GFX Securities Financial Services provided now or in the future through the company. GFX Securities Financial Services and / or its subsidiaries, starting from the date of opening the account, unless there is a provision to the contrary in another agreement between the client and GFX Securities Financial Services and / or its related subsidiary in relation to the product Or a specific service. If the client participates in any of the other services provided by GFX Securities Financial Services that require the customer to agree to special terms and conditions electronically or otherwise, such terms and conditions will be considered an amendment and they will be combined and made part of this agreement.

2.2  The client confirms that he has received a copy of the GFX Securities Financial Services Privacy Statement (“GFX Securities Tadawul Privacy Statement”).

3.2  The client acknowledges that GFX Securities Financial Services reserves the right to amend this agreement at any time in accordance with Paragraph No. 9.5 of this agreement or terminate this agreement at any time. The client agrees to refer to the GFX Securities website on a regular basis to obtain the most recent information about the services, fees and related costs and to verify the changes to this agreement..

4.2  GFX Securities reserves the right to reject any request to open a trading account or to terminate any trading account at any time and for any reason, at its sole discretion..

5.2  Many of the system’s features are offered and processed by an information provider, which may be a non-affiliated company or subsidiary of GFX Securities Financial Services. Unless otherwise stated, all authority granted to GFX Securities Financial Services or the limits of its liability includes its agents and representatives and any service provider, including providers of care, clearing and settlement services. GFX Securities Financial Services, its subsidiaries and agents are permitted to implement the services provided for in this agreement and to take any other steps that, in their opinion, are necessary or useful for purposes related to or related to the services..

6.2  The client realizes and acknowledges that GFX Securities Financial Services has entered into execution and clearing agreements with clearing brokers to provide clearing services under which GFX Securities will manage and maintain the trading account and execute (if requested to do so) the transactions in this account. Settled. The client authorizes GFX Securities Financial Services, without any investigation or examination, to accept orders for the purchase or sale of securities and / or other properties and any other instructions related to the trading account wherever GFX Securities Financial Services, which acts in good faith, believes , That such orders or instructions have been given by the customer or another account holder. And GFX Securities Financial Services is authorized to make the necessary arrangements from time to time to manage my trading account with other clearing brokers without the need for additional authorization from the client. The client realizes and acknowledges that GFX Securities Financial Services will generally make the necessary arrangements for other clearing brokers to execute and settle the client’s transactions, and GFX Securities Financial Services has the right (from time to time, without sending a notice to the client) to change brokers / brokers Clearing users in one or more financial markets. The client realizes that clearing brokers may pay fees or commissions or provide other non-cash benefits to GFX Securities Financial Services in relation to providing services related to the client’s transactions and the customer agrees to GFX Securities Financial Services’s right to deduct such fees or commissions or Non-cash benefits and you confirm that GFX Securities Financial Services is not responsible for these expenses.

7.2  Settlement Date – Offset Instructions. Unless the client has instructed otherwise in writing, GFX Securities Financial Services is authorized to execute all orders it has as the counterparty or with other counterparties that GFX Securities Financial Services deems appropriate. In the absence of instructions from the client, the client authorizes GFX Securities Financial Services, in its absolute discretion, to transfer or remove any part of the sites in the trading account (s) on the responsibility of the client’s risks before the settlement dates or move the client’s site to the next settlement period or To make or receive delivery on behalf of the customer under these terms and conditions and by methods which GFX Securities Financial Services considers reasonable in its absolute discretion. The client agrees that the posted position may be charged interest fees until the position is closed.

8.2  Legal relevance of the contract: The client acknowledges and undertakes to GFX Securities Financial Services that:

(a) If the client is a natural person, then the client has reached the age of majority, has a sound mind and the legal capacity to enter into this agreement and implement the client’s obligations arising from this agreement,

(B) If the client is a legal entity, including a company, corporation, partnership, ownership or fiduciary institution, the client undertakes that he has all necessary strength, authority and capacity necessary to implement and complete this agreement and that the implementation and performance of this agreement will not lead to the customer’s violation of the provisions contained in the contract Articles, articles of association, charter, bylaws, partnership agreements, credit agreements, or any other agreement or founding instrument,

(C) This Agreement, as amended from time to time, represents the Client’s legal, correct and binding obligation and enforceable against the Customer,

(D) No person other than the client does and will not own any interest in the trading account (s),

(e) The client has sufficient knowledge of financial markets and investments to enable him to conclude transactions and is aware of the risks inherent in entering into such transactions,

(f) The client is not now an employee, member, or associated with any stock exchange or any company in which any stock exchange owns the majority of the capital shares, or any bank, credit institution, insurance company, and any other institution specified in the application for opening a trading account, and in the event that the client becomes an employee of this And he immediately notifies GFX Securities Financial Services in writing regarding this employment,

(ز) The client will not participate in trading based on confidential internal information and will not seek to use the services or the trading account in a manner that would constitute a breach of the applicable rules,

(h) And that the client confirms that all funds deposited in the trading account are the property of the client and are not related to any other person or entity, and

(i) All information provided by the client to GFX Securities Financial Services in the application to open a trading account or otherwise is correct and complete as of the effective date of this agreement, and the customer will immediately notify GFX Securities Financial Services of any changes that occur to this information.

The client also acknowledges and undertakes to GFX Securities Financial Services that the financial information disclosed to GFX Securities Financial Services in connection with this agreement is an accurate and correct representation of the client’s current financial condition. The client realizes that risk capital is the amount of money that the client is willing to risk and if it is lost it will not, in any way, change the client’s lifestyle. The client agrees to notify GFX Securities Financial Services promptly if the client’s financial condition changes in a manner that would reduce the net worth or liquid assets and / or risk capital of the client..

9.2  Not providing guarantees: The client acknowledges that he does not have any separate agreements with GFX Securities Financial Services or any employee or agent of GFX Securities Financial Services in relation to trading in the trading account, including any agreement that would guarantee obtaining profits Or limit losses in the trading account. The client understands that he must give an authorization for each transaction prior to its execution unless the client has delegated discretion to another party by signing a limited trading authorization and that any disputed transactions must be referred to the attention of GFX Securities Financial Services in accordance with the notice terms stipulated In this agreement. The client agrees to protect and indemnify GFX Securities Financial Services for all damages or liability that result from the client’s failure to notify GFX Securities Financial Services promptly about any of the events referred to in this agreement. All notices required under this paragraph shall be sent to GFX Securities Financial Services, Unit No. 81, Al-Rashidiya Tower, Building 168, Street 1703, Block 317, Diplomatic District, Kingdom of Bahrain and shall be deemed to have been received only if sent by email. At the addressinfo@gfxsecurities.com Or physically delivered or sent to GFX Securities Financial Services via registered mail with acknowledgment of receipt.

 10.2 Applicable laws: The client acknowledges that this agreement, any order / orders and all transactions offered or executed under this agreement are subject to the applicable regulations, and GFX Securities Financial Services will not be obligated in any way to carry out any transaction, take or refrain from taking any step. Others if you believe doing so would violate any applicable regulation. If any decree is subsequently enacted or if any rule or regulation is subsequently adopted by any authority, which is binding on GFX Securities Financial Services, then this Agreement will be deemed modified or substituted, as the case may be, under the applicable provisions for such. Decree, rule or regulation to the extent necessary to enable GFX Securities Financial Services to comply with its obligations under the applicable regulations and all other provisions stipulated in this Agreement and the provisions amended in this manner shall remain in full effect. The customer acknowledges that all transactions that take place under this agreement are subject to the regulatory requirements referred to above and therefore the customer is not given any independent legal or contractual rights in relation to such requirements..

The client acknowledges that he is the primary owner and sole beneficiary in relation to the trading account and that the client may not deposit or accept funds from unknown or suspicious sources to deposit them in the trading account. The client uses the trading account only in his personal capacity, and the client will update the information and documents provided in connection with the request to open a trading account if any reasons or changes that require it emerge, as required under the provisions of anti-money laundering and anti-terrorist financing laws or other regulations in force in the Kingdom of Bahrain or in Any other country.

Nothing contained in this agreement nor any information made available through the service shall be construed as an offer to buy or sell or solicitation of an offer to buy or sell any securities and / or other property or a product or financial instrument or to participate in any particular trading plan. In any country where such an offer, solicitation, or trading plan is illegal or where GFX Securities Financial Services does not have any authority or license to provide services.

The customer also declares that he will not use the services in order to promote terrorism or develop nuclear, chemical, or biological weapons, weapons of mass destruction, missiles, design, manufacture, production, storage, or use. Natural, government, private entity, or any other form of legal personality) They have any affiliation with others who sponsor or support such activities mentioned above or who reside in a country or are citizens of a country that is subject to a trade embargo or sanctions under the applicable regulations.

 11.2 Complaints: The client acknowledges that GFX Securities Financial Services has procedures for handling complaints in a fair and prompt manner. If the client has a complaint, the customer must contact GFX Securities Financial Services according to the methods set out below or obtain a copy of GFX Securities’ complaint handling procedures..

i. Delivery in person: Visit one of the offices of GFX Securities Financial Services and speak to an employee. If the client has a relationship manager, the client can contact him on his GFX Securities phone number or by mail or by email..

ii. By mail, phone or email: using the contact information provided in the application to open a trading account or as announced by GFX Securities Financial Services from time to time. If the client contacts GFX Securities Financial Services via e-mail, then GFX Securities Financial Services will usually respond by e-mail however if GFX Securities Financial Services needs to indicate confidential information or attach copies Of the important documents, GFX Securities Financial Services has the right to contact the customer by mail. If the complaint cannot be resolved to the satisfaction of the customer, the customer should request that the complaint be raised to the CEO of GFX Securities Financial Services..

If GFX Securities Financial Services is unable to resolve a customer’s complaint in a timely and satisfactory manner, the customer may refer the complaint to the competent authority and / or to an independent body charged with handling complaints related to financial services (for example, the Financial Services Ombudsman) . GFX Securities Financial Services will notify the customer of any of these rights when applicable.

Any complaint resulting from a dispute, dispute or claim is resolved amicably between the client and GFX Securities Financial Services, and if it cannot be resolved amicably, it must be settled by arbitration in accordance with the provisions stipulated in this agreement (Clause 8).

 
  1. Accounts

1.3 Correct and accurate information; Ownership: The information provided by the client in the application to open a trading account is current, accurate, reliable and complete. The customer specifically confirms that the information he provided regarding the tax at the place of residence is correct.

The client acknowledges, under penalty of perjury, that all information provided by him to GFX Securities Financial Services in the application forms and in all other forms is true, correct and complete according to the client’s best knowledge and belief..

The client also agrees to duly comply with the due diligence procedures of GFX Securities for Financial Services in its capacity as a foreign financial institution under the Tax Compliance Law on Foreign Accounts of Foreigners, and in the event that the client is identified as an abstaining client, GFX Securities Financial Services reserves the right to terminate this agreement and close Client account (s).

Unless this agreement provides otherwise, the client agrees to notify GFX Securities Financial Services immediately of any change to the information provided by the client in the request to open a trading account, but in any case this notification must be within thirty ( 30) days after such a change. The client agrees to indemnify and protect GFX Securities Financial Services and its subsidiaries, directors, officials and relevant employees from any and all claims or losses arising out of or related to the client’s failure to provide correct and accurate information regarding the request to open a trading account or to update such information as required. . The client also undertakes that no other person has an interest in the trading account except for the client and any other person that the client has previously disclosed to GFX Securities for Financial Services through a request to open a trading account or otherwise as specified by GFX Securities Services Financial. GFX Securities Financial Services is authorized to send account statements, notices and other important documents to the client at the address mentioned in the request to open the client’s trading account (to any other address that the customer may inform GFX Securities Financial Services with from time to time) and it is considered Documents of this nature are immediately delivered to the client at that address.

2.3 Fees, Commissions and Minimum Trading Account Minimums: The Client agrees to promptly pay commissions, costs and other fees as indicated from time to time in the fee schedule of GFX Securities Financial Services. A copy of the fee schedule is available on the GFX Securities website, and GFX Securities Financial Services may amend the fee schedule at any time by placing the amended schedule on the GFX Securities website, and GFX Securities Financial Services will always develop The revised schedule of fees on the GFX Securities website at least two weeks prior to the effective date of the revised fee schedule and will notify the client that changes have occurred to the fee schedule when the client logs into the trading account later. The client authorizes GFX Securities Financial Services to automatically record any commissions, costs and fees on the trading account as set out in GFX Securities Financial Services’ fee schedule from time to time. The client agrees that GFX Securities Financial Services has the right to share such commissions or profit rates added to the cost and percentages of selling price reduction with an introducing broker or a person who refers the trading account to GFX Securities Financial Services. The client also agrees that GFX Securities Financial Services has the right to require the client to make a minimum payment to open a trading account and to maintain a minimum balance in the trading account subsequently. If the trading account value is less than the minimum balance or the trading account is inactive, then GFX Securities Financial Services has the right to impose additional fees or, as it deems appropriate in its discretion, to close the trading account. The maintenance fee for the trading account is specified in the fee schedule available on the GFX Securities website.

Fees not included in the GFX Securities Financial Services Fee Schedule: GFX Securities Financial Services may not receive notification of certain fees imposed on the client for several days or weeks after executing certain trades, and accordingly GFX Securities may not be charged transient fees on Client account after trading in certain securities. These fees may not be included in the GFX Securities Financial Services Fee Schedule as they are a one-time fee related to a specific trade or client. GFX Securities Financial Services reserves the right to impose fees on the client whenever and when GFX Securities Financial Services is informed of such fees by the clearing broker / brokers or custodians even if these fees are not included in the GFX Securities Services fee schedule Financial. The customer agrees to pay those fees or authorize GFX Securities Financial Services to deduct them from my account upon receiving notification of those fees that are not included in the GFX Securities Financial Services fee schedule..

3.3 Taxes: The customer agrees that GFX Securities Financial Services has the right, at its discretion, to deduct or withhold all forms of taxes (whether taxes pertaining to the Kingdom of Bahrain, the United States of America, or any other country) imposed in accordance with the regulations in force from any trading account. Or from any amount owed to the customer. When calculating taxes or when making deductions or withholding taxes, GFX Securities Financial Services has the right to estimate the relevant amounts. And any surplus of these amounts estimated over the final confirmed liability is charged to the trading account. Any decrease from these estimated amounts may be deducted from the final confirmed liability or deducted from any sums that GFX Securities and / or its subsidiaries may owe or be owed in favor of the client. If the client closes his trading account at a time when a deficit appears, the client confirms that he must remain responsible for him, and he will be required to pay an amount to GFX Securities Financial Services in respect of this deficit..

4.3 Account types: GFX Securities Financial Services offers different account types. Account types may be subject to certain restrictions and eligibility conditions, and some services are not available for all customers and account types. More information on this matter is available on the GFX Securities website and the client is responsible for determining the type of account that best suits the client’s needs and circumstances. GFX Securities Financial Services reserves the right to set a limit on the number of trading accounts that a client maintains (or has an interest in) at any time..

5.3 Joint Accounts: If there is more than one account holder, the legal ownership of the trading account will be as specified in the application for opening a trading account. If not specified, each GFX Securities Financial Services account holder is directed to create the trading account as co-tenants enjoying an equal share in the trading account with lifetime rights..

If there is more than one account holder, each account holder agrees to be jointly and severally responsible for all obligations arising under this agreement or any transaction or otherwise in relation to the trading account, including liability for orders entered through the service Or by using any username and password for the account, regardless of the account owner who gives instructions, enters commands, or changes the password. Each account holder has complete authority to act individually and without notice to any other account holder to deal with GFX Securities Financial Services fully and completely as if this account holder were the only account holder including, (a) to trade on an account Trading under this Agreement, (b) to receive all correspondence and documents regarding the trading account (the notification or other documents delivered to one of the account holders are deemed to have been received by all account holders), (c) to receive or withdraw funds from the trading account , (D) to implement agreements related to the trading account, (e) to deal fully with GFX Securities Financial Services. Each account holder of GFX Securities Financial Services is authorized to follow the instructions of any account holder regarding any matter related to the trading account. This includes buying and selling securities and / or other property, handing over any or all securities and / or other property in the trading account to any account holder or to any third party, or disbursing any or all of the money in the trading account. GFX Securities Financial Services is not responsible for determining the purpose or suitability of any instructions received from any account holder in a manner inconsistent with any other account holder, or any disposition of payments or delivery of securities and / or other property between account holders. In its sole discretion, GFX Securities Financial Services reserves the right to demand joint action and action by account holders in matters relating to a trading account and to request written instructions from one account holder or all account holders. If GFX Securities Financial Services receives instructions from any account holder who would, in the opinion of GFX Securities Financial Services, contradict instructions from any other account holder, then GFX Securities Financial Services has the right to comply with any of these Instructions or advice to each account holder regarding an apparent conflict and not to take any action on any of these instructions until the conflict is resolved to the level at which GFX Securities Financial Services feels comfortable. Account holders acknowledge that GFX Securities Financial Services has collateral ownership in the trading account, whether this account is owned by the account holders individually or collectively..

In the event of a dispute between the account holders and GFX Securities Financial Services is notified of it, GFX Securities Financial Services reserves the right, but is not obligated, to impose restrictions on the trading account. For example, if an account holder requests a restriction on access to funds deposited in the account due to a lawsuit pending or due to a dispute between account holders, then GFX Securities Financial Services may block all fund transfers from the account, with such enforcement continuing. These restrictions are so that GFX Securities Financial Services has already received court documents and has a reasonable amount of time to act on these documents or receives written instructions notarized and signed by all account holders. GFX Securities also has the right, at the expense of the account holders, to initiate or defend any action or litigation procedure in the subsidiary lawsuit for the legal resolution of the dispute. If a lawsuit or litigating procedure is initiated in a sub-lawsuit by or against it, GFX Securities may hand over the account to the Registry, and GFX Securities Financial Services will then be considered exempt from all other obligations and responsibilities under this agreement..

Each account holder agrees that, upon the death or disability of the account holder, the divorce of married account holders, or any other event that would cause a change in ownership or eligibility in relation to the trading account, the remaining account holder (s) must immediately submit formal notification to the company. GFX Securities Financial Services and / or evidence of such change of ownership or eligibility. All expenses due on the date of this notification are charged to the trading account. GFX Securities Financial Services will not be held responsible for any transfers, payments, or other transactions in a trading account in favor of a former account holder or account holder ineligible before GFX Securities Financial Services has actually received a formal written notice to act and enjoy a reasonable amount of Time to act on such formal written notice. After GFX Securities Financial Services receives such an official written notice, GFX Securities Financial Services has the right to request additional documents and reserves the right to retain those assets in the trading account and / or to impose restrictions on the transactions that take place in the trading account in the manner Which it deems appropriate at its sole discretion to protect itself against any losses. Any previous account holder and the heirs of any deceased or incompetent account holder will remain jointly and separately liable for any losses in the trading account arising out of or related to the transactions that began before GFX Securities Financial Services actually received written formal notification and enjoyed a reasonable amount of time to act accordingly. On that official written notification. GFX Securities Financial Services will not notify other account holders about actions taken by any account holder. Each account holder agrees that notice to any account holder is a notice to all account holders for all purposes.

6.3 Request certificates. The client authorizes GFX Securities Financial Services to register any securities and / or other property in the trading account in the name of GFX Securities Financial Services or any other candidate, including any custodian or sub-custodian, or a directive to register securities. And / or other property in the name of a recognized clearing or depository institution, or in the name of any candidate of its own. Client ownership of these securities and / or other property is shown in the records of GFX Securities Financial Services. Without canceling any of the rights of GFX Securities for Financial Services under this agreement and taking into account the prepayment of any debt owed by the client to GFX Securities Financial Services, the customer has the right to obtain the actual delivery of securities and / or other property involving certificates. Paid in full from the trading account. Based on the customer’s instructions and after paying any applicable fees (as shown on the GFX Securities website), any certificate that can be prepared or obtained by GFX Securities Financial Services will be sent in physical form to the customer upon the client’s request. . The client realizes that he may only have a contractual right (and not a right of ownership) regarding the return of securities or other property owned in the name of the client and which is held by the custodian, sub-custodian, nominee, depository or clearing institution in certain jurisdictions. Where this is the case, it is possible that the client’s securities or other property will not be fully returned if such a custodian, sub-custodian, nominee, depository or clearing institution becomes bankrupt or other non-fulfillment of obligations. The client agrees that GFX Securities Financial Services shall not be held responsible for any losses that the client may incur in such circumstances..

 7.3 Personal information: The rights and responsibilities of GFX Securities Financial Services and the client regarding the collection, processing and use of the client’s personal information, and the client’s rights to limit the use and disclosure of such information are mentioned in the GFX Securities privacy statement published on the GFX website. Securities at the addressinfo@gfxsecurities.com  

And as amended from time to time. Likewise, such rights and responsibilities are further defined under the applicable regulations. In the event of any dispute regarding GFX Securities Financial Services collecting, processing, transferring or receiving any information related to the client, the customer agrees that the remedies are expressly limited to those specifically stipulated in the regulations in force in accordance with this agreement. The client authorizes GFX Securities Financial Services from time to time to obtain reports on the client’s credit standing and business. The client also authorizes GFX Securities Commercial Services Company, without notifying the customer, to request a new credit report regarding any review, extension or renewal of the trading account and to contact the banks, financial institutions and credit agencies that GFX Securities Financial Services deems appropriate to verify the information related to the client. Upon a written request, GFX Securities Financial Services will advise the client on whether or not they have obtained credit reports, and if so, they will provide the name and address of the agency that provided the reports. Moreover, the client realizes that GFX Securities Financial Services reserves the right to provide a report to the client and the agencies providing credit reports for the securities regarding any debit balance or any negative credit information related to any trading account that the client owns with GFX Securities Financial Services. . The client authorizes GFX Securities Financial Services to share the credit bureau information and any personal information obtained by GFX Securities Financial Services with the company (s) of its subsidiaries and with non-affiliated third parties in accordance with GFX Securities’ privacy statement. The client also authorizes GFX Securities Financial Services to investigate the client’s current and past investment activity, and in connection with that; Contact futures brokers, execution brokers, banks and compliance data centers as GFX Securities Financial Services deems appropriate. The client understands that upon a reasonable request submitted by the client in writing to GFX Securities Financial Services, the client is also permitted, at his own expense and expenses, to copy those records..

8.3  Debt repayment: The client agrees to repay any debts owed to GFX Securities Financial Services and to pay any debit balance in any of the trading accounts upon request. The trading account will not be closed until the client has delivered all the securities and / or other property that are payable within a short period by the trading account of GFX Securities Financial Services and has paid all funds in full for the securities and / or other property that It shall be payable by the trading account after a long period. If the client has a debit balance in the trading account and the client owns shares in another trading account (including those accounts that the client owns with subsidiaries of GFX Securities Financial Services), then GFX Securities Financial Services is entitled, to the extent permitted. By law, the implementation of a transfer or distribution request from the other account to cover any debit account owed to GFX Securities Financial Services, without prior notice to the client, personal representatives of the client, his heirs, executors, managers, trustees or persons assigned to them and regardless of what If the ownership is in the name of the customer only or in association with others. The client agrees that, upon a written request from GFX Securities Financial Services, everything necessary to make the documents legal to allow the distribution to be executed from the other account and to promptly pay all funds in order to repay the client’s debt to GFX Securities Financial services. The rights of GFX Securities Financial Services stipulated in this paragraph are in addition to and with the full retention of GFX Securities Financial Services, its rights to take any additional measures, including legal procedures, to recover any debt that the client owes to GFX Securities Financial Services. The client agrees to indemnify and protect GFX Securities Financial Services and / or its subsidiaries from any costs or losses incurred in connection with the implementation of the right to seize the debtor’s funds or any other remedies available to it. GFX Securities Company has the right, when implementing its rights stipulated in this agreement, to act at its discretion without regard to any tax or any other consequences that the client may face as a result of such actions. The client also agrees to pay and be responsible for all reasonable collection costs and expenses, including but not limited to attorney fees, witness fees and travel expenses. In the event that GFX Securities Financial Services incurs expenses other than the deficit collection expenses with respect to any of the trading accounts, the client agrees to pay such expenses..

 9.3 Right to seize, liquidation and remedies: The client agrees that all securities and / or other property owned by the trading account / accounts by the client either individually or jointly with others or as guarantor of anyone’s account (including, and when permitted by law, those Accounts that the client owns with the subsidiaries of GFX Securities Financial Services, regardless of the trading accounts that the client may have with GFX Securities Financial Services) or which may at any time be under the possession of GFX Securities Financial Services or fall Under its control or which is registered in the records of GFX Securities Financial Services for any purpose whatsoever, including preservation and all rights, whether due or not, that the client may have against GFX Securities Financial Services will be subject to an initial reservation right It is a prior, full, right of guarantee and a right of set-off, which are maintained as a guarantee by GFX Securities Financial Services or its subsidiaries in exchange for the payment of any debt or commitment that the customer may owe to GFX Securities Financial Services and / or its subsidiaries. What arises this commitment. The client understands that GFX Securities Financial Services has the right, to the extent permitted by law, at any time and without prior notice to the client, to use any or all of the securities and / or other property, sell, liquidate, or convert it into cash or Closing and / or transferring it to settle any debt or obligation owed to GFX Securities Financial Services, wherever such obligation arises. Any proceeds arising from such sales or collections will be allocated through the use of the offsetting method to reduce or pay off the liabilities or obligations the client owes to the benefit of GFX Securities Financial Services or its subsidiaries. Any remaining proceeds will then be deposited into the client’s trading account. In the event of a breach or default by the client under this agreement, GFX Securities Financial Services will enjoy the rights and remedies available to the secured creditor under all applicable regulations in addition to the rights and remedies stipulated under this agreement. The client will be responsible to GFX Securities Financial Services and will indemnify and protect GFX Securities Financial Services and its subsidiaries against all liabilities, costs, claims, losses and expenses incurred by GFX Securities Financial Services or companies. Affiliate with respect to any action to be taken in accordance with the provisions stipulated in this paragraph in the event that a debit balance remains in the client’s trading account, the client agrees that he shall, upon request, pay sufficient funds (or, if agreed upon with GFX Securities Financial Services , Hand over securities or other sufficient property) in the trading account to settle the debit balance. If the client fails to do so within 48 hours (or within a longer period of time as agreed with GFX Securities Financial Services) from the time GFX Securities Financial Services requests payment, then GFX Securities Services is entitled to Initiate litigation procedures in the client’s country of residence or in any other jurisdiction or initiate arbitration proceedings in order to recover the amount due. For the purposes of this paragraph, the client shall be deemed to have received GFX Securities Financial Services’ request to deposit funds or securities and / or other additional property at the time when (1) such request is sent to the client by e-mail or (2) Publish it on the GFX Securities website and notify the customer via email or (3) notify the customer by phone. The client agrees that GFX Securities Financial Services has the right, at its discretion, at any time and from time to time, without sending a notice to the client, to allocate and / or transfer any or all of the client’s money between any of the trading accounts. To the maximum extent permitted by the applicable regulations, the customer under this agreement also grants GFX Securities Financial Services the right to pledge, return, pledge, grant or lend, either independently or with the securities and / or other properties of its clients. Others, for itself as a broker or for others, any of the client’s securities or other property that GFX Securities possesses as security. It is not permissible at any time to require GFX Securities Financial Services to deliver to the client securities or other property that have been handed over to GFX Securities Financial Services or purchased by GFX Securities Financial Services for the benefit of any of the trading accounts. In the event that the customer receives the currencies through settlement of transactions, GFX Securities Financial Services is obligated to complete the full payment of the delivery process based on a 24-hour notice. This authorization applies to any and all trading accounts at GFX Securities Financial Services that belong to the client and remains in full force until all trading accounts are fully paid by the client or a notice of cancellation is sent by GFX Securities Financial Services..

The customer also agrees that in the event of: (a) the death of the customer or a judicial declaration of inefficiency; Or (b) a bankruptcy petition or a petition to appoint a judicial guard or initiate any insolvency proceedings or similar action by or against the client; Or (c) Submit a request for a reservation on any of the trading accounts with GFX Securities Financial Services; Or (d) GFX Securities Financial Services’ decision that any security deposited to protect one or more trading accounts is insufficient regardless of current market quotations to secure the said account or accounts; Or (e) the client’s failure to provide GFX Securities Financial Services with any information required under this agreement; Or (f) any other circumstances or developments that GFX Securities Financial Services considers appropriate to protect it, then, and at the discretion of GFX Securities Financial Services, it is entitled to take one or more or any part of the following actions: (1) Pay any A commitment that the client may owe to GFX Securities Financial Services, either in the form of GFX Securities or by way of a surety guarantee, of any money or property that the customer has or is under his control; (2) Pledge, transfer, sell or purchase any or all of the securities or other property as the case is deposited in favor of the client in the trading account (including those accounts that the client has with the subsidiaries of GFX Securities Services Financial) or any other account in which the client has a share, either alone or in association with others; (3) Cancellation, termination, acceleration, liquidation and / or closure of any or all agreements or transactions or any or all of the pending orders or contracts or any obligations Others made on behalf of the client and calculate the damages in a manner it deems appropriate; (4) To take any other action that GFX Securities Financial Services, at its discretion, deems appropriate in relation to any of the foregoing, and to implement the necessary procedures to fulfill the obligation. The customer also agrees that any of the aforementioned measures may be taken without prior notice of sale, purchase, or other notice to the client, his personal representatives, his heirs, trustees, managers, trustees, or persons assigned to them, regardless of whether the ownership is in the name of the customer only or in association with Others and that upon liquidating long or short-term client positions, GFX Securities Financial Services has the right, at its sole discretion, to implement the offset process in the same settlement or it may launch new long or short-term positions in order to create a mixed spread or speculation that may be advisable. At the discretion of GFX Securities Financial Services, to protect or reduce the current conditions in the trading account. Any sale or purchase transactions under this agreement may be made at the discretion of GFX Securities Financial Services in any market / financial markets or in any other market or trading facility in which such business is usually traded or in a public auction or a private sale. GFX Securities Financial Services purchases all or any part thereof without any right of refund.

10.3  Disclaimer: The client understands and agrees that GFX Securities Financial Services and / or its subsidiaries will not be liable to the client or any third parties and will not have any liability of any kind regarding: (a) Any claims or losses arising from or Relates to a cause beyond the control of GFX Securities of GFX Securities Financial Services and / or its subsidiaries, including failure of electronic or mechanical equipment, communication lines, phones, other communication problems, unauthorized access, theft or errors Operators, government restrictions, cases of force majeure, provisions or suspension of trading in stock exchanges or financial markets; Or (b) any consequential, non-GFX Securities, or incidental damages (including loss of profits, trading losses and damages) that the customer may incur in connection with the client’s use of the service provided by GFX Securities Financial Services under this agreement.

11.3  Restrictions on account services: The client understands that, to the extent permitted by law, GFX Securities Financial Services may impose trading, exchange, service or other restrictions on the trading account for reasons that include a court decision, tax collection or seizure. Funds, request from government agency or law enforcement authority, debit balance in trading account or in the event of a dispute between joint account holders. The client understands that GFX Securities Financial Services may be forced to liquidate or close securities and / or other property in the trading account to satisfy such a court decision, seize funds, collect taxes, or other legal obligations. GFX Securities Financial Services will not be held responsible for any claims or losses arising out of or related to any of these transactions and the customer agrees to indemnify and protect GFX Securities Financial Services and / or its affiliates from any claims or losses that it may bear when making Such actions. The client realizes that GFX Securities Financial Services has the right – for any reason – to refuse to accept shares or other certificates of ownership for deposit in the trading account..

 12.3 Termination of this Agreement and Termination of Trading Accounts: This Agreement will remain in effect until terminated by the Client and / or GFX Securities Financial Services. The client may close the trading account at any time after payment of all debit balances upon written or verbal notification sent to GFX Securities Financial Services. GFX Securities Financial Services reserves the right to terminate the trading account or block the client’s access to the service without notice for any reason or no reason. The terms and conditions stipulated in this agreement will remain in effect even after the trading account is terminated and will remain applicable to any disputed matters or other matters involving the client’s relationship with GFX Securities Financial Services. After terminating the trading account, the client will remain liable to GFX Securities Financial Services in respect of settling any debt or obligation owed to GFX Securities Financial Services in addition to the interest as stipulated in this agreement..

 13.3 Transfer of accounts: upon sending a request to transfer a trading account, the client authorizes GFX Securities Financial Services to act on behalf of the client to initiate a transfer of securities and / or other property in the trading account to an account that the client has created with another execution broker. As soon as GFX Securities Financial Services receives a well-formulated request, GFX Securities Financial Services will send instructions to the other company, which will then be responsible for facilitating the delivery / receipt of the assets on demand. GFX Securities Financial Services may, under certain circumstances, reject the transfer request before or after its initiation, and the customer will be notified of such rejection electronically or by phone or otherwise. GFX Securities Financial Services is not responsible for any claims or losses that the client may bear in connection with the securities and / or other property in the trading account as a result of the refusal or during the period in which it is decided to refuse to transfer the request and the customer receives the notification of rejection. It is the responsibility of the client to ensure the correctness and accuracy of the client’s instructions before submitting a transfer request to GFX Securities Financial Services. It is not possible to amend or cancel the transfer request after GFX Securities Financial Services receives and has initiated the transfer request. GFX Securities Financial Services may, at its discretion, accept a subsequent request to make a change to the transfer request, but it is not obligated to do so, and GFX Securities Financial Services will not be responsible for any claims or losses arising from or related to an attempt to amend or cancel a transfer request. If the client arranges for a transfer directed to the trading account by calling GFX Securities to the company from which the transfer is to be made, then the client will be responsible for ensuring that such transfer is executed correctly and communicating the instructions of GFX Securities Financial Services to the company from which the transfer will be made in the form Specified by GFX Securities Financial Services to accurately determine the identity of the client and the trading account in order to perform the correct execution of the transaction. The customer realizes that any wrong, mismatched or incomplete information to identify the identity of any incoming or outgoing transfer process may lead to such transfer being rejected, lost, posted on a wrong account, or returned to the company issued to him without notice to the customer, and the customer agrees to indemnify and protect GFX Securities Financial Services Company and / or its subsidiaries against any claims or losses arising out of or related to the following::

(i) Any incorrect, mismatched or incomplete identification information with respect to any transfer;

(ii) Any transfer to which GFX Securities is bound by the applicable regulations or self-regulatory requirements for account transfers.

Unless otherwise indicated in the GFX Securities Financial Services Trading Account Transfer Form, the client authorizes GFX Securities Financial Services to liquidate any positions in non-transferable assets and deduct any debit balance and transfer the resulting balance. The client realizes that after receiving the transfer request, GFX Securities Financial Services will cancel, or instruct the company from which the transfer is issued, all open orders for the trading account and complete the transfer request as required..

  1. GFX Securities trading services

1.4  The client acknowledges that he alone is responsible for determining the suitability of his investment options in light of his own circumstances. The client understands that GFX Securities Financial Services does not bear any responsibility for any such decisions. As a self-directed investor, the client assumes full responsibility for any and every transaction that takes place in the trading account or takes place in his favor and for his investment plans and decisions. The client understands and agrees that GFX Securities Financial Services and / or its subsidiaries will not bear any responsibility of any kind for the results of the client’s investment strategies, transactions and decisions..

 2.4 Not to provide advice: Unless otherwise specified in writing, GFX Securities Financial Services has not and will not provide the client with any legal, tax, corporate, planning or accounting advice. GFX Securities Financial Services has not and will not provide the customer with any advice regarding the suitability or profitability of any safe, investment or financial product, investment plan, or other issues for the client. Unless otherwise stated in writing, the customer acknowledges that the employees of GFX Securities Financial Services are not permitted to provide such advice, and the customer will not request and will not rely on any investment advice from any employee of GFX Securities Financial Services. Unless otherwise stated, any information provided through the service will not be used or considered by the customer as a recommendation that the customer buy, sell or possess certain securities and / or other properties or seek a specific investment plan. This information is not an offer, or a solicitation of an offer, to buy or sell papers on behalf of GFX Securities Financial Services. The client also acknowledges that GFX Securities Financial Services does not assume responsibility for or guarantees the accuracy, circulation, completeness, usefulness of the information, comments, recommendations, advice, investment ideas, or other materials that can be accessed by the client through the service. This includes bulletin boards, message boards, chat services or other Internet conferencing services broadcast by third parties and which may be accessed or made available through GFX Securities Financial Services. If the customer chooses to rely on such information, the customer does so on his sole responsibility. The client realizes that research, analysis, news, or other information available through the service is not dedicated or specifically designed in any way to reflect the client’s personal financial circumstances or investment objectives, and that his strategies regarding the securities and investment that are discussed may not be suitable for the client..

 3.4 Transaction Confirmations: It is the responsibility of the customer to review all confirmations of transactions upon receipt, whether they were delivered to the customer electronically, by mail, or otherwise. The client will notify GFX Securities Financial Services of any objection to the terms and conditions of the confirmation within two days of the client’s receipt of the confirmation. GFX Securities Financial Services has the right to treat the terms and conditions of the confirmation as accurate and comprehensive unless the customer objects within two days of receipt. Written objections from the client side are sent to GFX Securities Financial Services, Unit No. 81, Al-Rashidiya Tower, Building 168, Street 1703, Block 317, Diplomatic Area, Kingdom of Bahrain and are deemed to have been received only if sent by email to Titleinfo@gfxsecurities.com  Or physically delivered or mailed to GFX Securities Financial Services via registered mail with acknowledgment of receipt. Client’s failure to object will constitute acceptance and approval of all actions taken by GFX Securities Financial Services or the agents of GFX Securities Financial Services prior to receiving the data. Failure of the client to obtain confirmation of one of the transactions does not exempt the customer from the duty to inquire from GFX Securities Financial Services and to object as stipulated in this agreement. In all cases, GFX Securities Financial Services reserves the right to determine the validity of the customer’s objection. If a customer objects to a transaction for any reason, the customer understands that he will try to limit any losses that may result from such a transaction. The customer understands and agrees that unless the client takes such a measure to limit losses, the customer will bear full responsibility for any and all losses that may occur after that even if it is finally decided that the customer’s objection to the initial transaction is correct if there are no Transactions in the trading account for at least one (1) year, the trading account will be subject to the inactive account fee as indicated in the request to open a trading account..

 4.4 Account statements: The client agrees that GFX Securities Financial Services is not obligated to provide the client with any report on the trading status other than official confirmation. GFX Securities Financial Services has the right to provide electronic or other reports on trading status only as a courtesy, however, GFX Securities Financial Services does not guarantee the accuracy or timeliness of such interim reports on the trading status and will not be responsible for any losses. Arising from or related to the late issuance or non-issuance of an electronic report or other trading status reports or losses that result from errors in such reports that are later corrected by GFX Securities Financial Services in official confirmation statements. It is the responsibility of the customer to review all account statements as soon as they are received, whether they are delivered to the customer electronically, by mail, or otherwise. The client will notify GFX Securities Financial Services of any objection (including any allegation regarding incorrect transfers, omissions, forgery, or other fraudulent errors) to the information contained in the account statement (except for transactions that are covered by data confirmations Transactions. As provided above) within five (5) days of receiving the account statement by the customer. GFX Securities Financial Services has the right to treat the information contained in the account statement as accurate and comprehensive, unless the customer objects within (5) days of receipt. In all cases, GFX Securities reserves the right to determine the validity of the customer’s objection to the information contained in the account statements..

 5.4 Account statements: The client agrees that GFX Securities Financial Services is not obligated to provide the client with any report on the trading status other than official confirmation. GFX Securities Financial Services has the right to provide electronic or other reports on trading status only as a courtesy, however, GFX Securities Financial Services does not guarantee the accuracy or timeliness of such interim reports on the trading status and will not be responsible for any losses . Arising from or related to the late issuance or non-issuance of an electronic report or other trading status reports or losses that result from errors in such reports that are later corrected by GFX Securities Financial Services in official confirmation statements. It is the responsibility of the customer to review all account statements as soon as they are received, whether they are delivered to the customer electronically, by mail, or otherwise. The client will notify GFX Securities Financial Services of any objection (including any allegation regarding incorrect transfers, omissions, forgery, or other fraudulent errors) to the information contained in the account statement (except for transactions that are covered by data confirmations Transactions. As provided. above) within five (5) days of receiving the account statement by the customer. GFX Securities Financial Services has the right to treat the information contained in the account statement as accurate and comprehensive, unless the customer objects within (5) days of receipt. In all cases, GFX Securities reserves the right to determine the validity of the customer’s objection to the information contained in the account statements..

6.4  The client understands and agrees that while trading under the consolidated account with GFX Securities Financial Services, the client will not be able to attend and vote in the general meetings of the investing companies, i.e. the annual general meetings and extraordinary general meetings. I agree to waive my right to attend and vote at all of those meetings.

 7.4 Monitoring Communications: The client understands and agrees that GFX Securities Financial Services has the right, at its discretion, but is not obligated, to monitor or record any of the customer’s telephone conversations with GFX Securities Financial Services for purposes related to quality control and for its own protection. Customer agrees and acknowledges that all conversations may be recorded. Conversations relating to the trading account (s) that take place between the client and the employees of GFX Securities Financial Services may be recorded electronically with or without the use of the automatic warning tone. The client also agrees to use such recordings and copies as evidence by either party in connection with any dispute or procedure that may arise involving the client or GFX Securities Financial Services. The client understands that GFX Securities Financial Services destroys such records at regular intervals in accordance with the specific work procedures of GFX Securities Financial Services and the applicable regulations and agrees to this destruction. GFX Securities Financial Services has the right to monitor and record the customer’s use of the service and any other communications between GFX Securities Financial Services and the client. It may use the resulting information for internal purposes or as specified by the applicable law. Unless otherwise agreed in writing, GFX Securities Financial Services does not agree to the recording of telephone conversations by any third party or client. The client acknowledges and understands that not all lines or phone calls are recorded by GFX Securities Financial Services, and GFX Securities Financial Services does not guarantee that the records of any specific phone calls are kept or recoverable..

 8.4 Information available through the service: The customer realizes that he is allowed to store the information available to the customer through the service, display it, analyze it, amend it, reformulate it and print it for the customer’s own use only. The client will not publish, transmit or reproduce this information, in whole or in part, in any form to any third party without the express written consent of GFX Securities Financial Services. The client will not alter, obliterate, or remove any intellectual and literary property right or trademark or any notices provided to the customer in relation to this information. The client acknowledges and undertakes that: (1) The client will not use the service in contravention of this agreement, (2) the client will only use the service for the benefit of the trading account and not on behalf of anyone else, and (3) with the exception of the internet browser and other approved applications. Determination by GFX Securities Financial Services in writing, the customer agrees not to use (or allow another person to use) any software, programs, applications or other devices, whether in the form of GFX Securities or non-GFX Securities, to access or obtain To obtain information through the service or to make the process of obtaining such information an automatic process.

 9.4 Non-disclosure of material non-public information: In relation to the services provided by GFX Securities Financial Services, GFX Securities Financial Services may obtain from time to time confidential, important and non-public information. GFX Securities Financial Services is prohibited from disclosing or using such information inappropriately for its benefit or for the benefit of any other person, regardless of whether such person is a client of GFX Securities Financial Services. GFX Securities Financial Services maintains and applies written policies and procedures that prohibit the delivery of such information to persons who do not have a legitimate need to know the information and to ensure that their obligations towards clients are fulfilled and that they remain in compliance with applicable law. The client understands and agrees that these policies and procedures are necessary and appropriate and acknowledges that, in certain circumstances, GFX Securities Financial Services will obtain confidential, important or non-public information, which, if disclosed, may affect the customer’s decision to buy or sell Or possession of securities and / or other property, but GFX Securities Financial Services will be prohibited from communicating such information to the client or using it for the benefit of the client.

10.4  Limiting positions and force majeure situations: The client understands and agrees that GFX Securities Financial Services reserves the right to limit the amount and / or the total number of open positions that a client may acquire or obtain with GFX Securities Financial Services and that GFX Securities FX Securities Financial Services reserves the right to refuse or accept any order. The client agrees that GFX Securities Financial Services shall not be responsible for any loss or damage arising, in the form of GFX Securities or non-GFX Securities, in cases of force majeure or from the refusal or acceptance of GFX Securities Financial Services. Commands. The Client understands that GFX Securities Financial Services shall be responsible only for its actions attributable to GFX Securities as gross negligence, willful default or fraud on the part of GFX Securities Financial Services. GFX Securities Financial Services shall not be liable for losses that result from the default of any agent or any other party used by GFX Securities Financial Services under this agreement..

 11.4 Stock options: GFX Securities Financial Services has the right, at its discretion, to allow the client to use his trading account (s) to invest in stock options traded on the exchange. Stock options enable investors to buy or sell one or more securities at a later date at a pre-agreed price. It may be used to obtain leveraged position in the main securities, but it shows increased volatility in prices and may become worthless if the price of the underlying security is lower (for a call option) or higher (for a put option) than the strike price when the option expires..

The client acknowledges that he will not use his trading account (s) to enter into short selling operations, including the purchase of put options for the purpose of hedging the securities in the possession of the trading account or otherwise from the client’s property. The client realizes that his trading account allows him to buy and sell options traded on the exchange offered by other market participants, but does not allow him to “write” options. When purchasing stock options, the customer will have to pay the option premium in full at the time of the purchase transaction. The client acknowledges that he will not be able to exercise his rights under one of the options (and that the option may expire without use) unless the client has sufficient cash (for the purchase option) or sufficient securities (for a put option) in his trading account on the relevant dates to exercise Option and settlement of any consequential transaction. Not all options are amenable to cash settlement. The client realizes that it is his responsibility to keep track of his options contracts and their expiration dates and that GFX Securities Financial Services is not responsible for ensuring that any options in the client’s trading account are executed, sold or cash settled before expiration..

The client realizes that options may be very price volatile and that he may lose the entire amount invested if the option funds run out. The client understands that there may not be a liquid market for buying or selling options at all times, and that the client may not be able to sell an option before it expires. The client acknowledges and undertakes that he will not enter into transactions in stock options for investment and hedging purposes only, and that he will not enter into transactions in stock options for speculative purposes..

  1. Margin

 1.5 GFX Securities Financial Services may offer a marginal loan or secured facility (“Margin Facilitation”) in relation to the Client’s trading account. This facility is guaranteed by all cash, securities and other property in the client’s trading account or other accounts owned by him. The client is at GFX Securities Financial Services or one of its subsidiaries. The customer agrees to bear the expenses of the marginal facility, to use it, and to repay it. The client understands that he may repay the marginal facility at any time by paying an amount to GFX Securities Financial Services equivalent to the borrowed funds and their interest. If GFX Securities Financial Services agrees to provide the client with a marginal facility, the client will be able to buy and sell securities and / or other property using the margin facility through the client’s trading account..

2.5 GFX Securities Financial Services will provide the client periodically with a statement containing details of the client’s recent transactions, cash value, securities and other properties that are in the possession of GFX Securities Financial Services in the client’s trading account and any other such information that G Company considers FX Securities Financial Services, in its absolute discretion, is necessary. Where GFX Securities Financial Services provides a marginal facility to the client, the statement will also state the amount owed under the marginal facility, the additional amounts available under the margin easing, and the amount of commissions, expenses and costs incurred by the customer in relation to the marginal easing. The data must be in the form and it must contain the information as determined by GFX Securities Financial Services in its absolute discretion..

3.5  The customer agrees to pay all due premiums and guarantee payments and to fulfill all other obligations related to the transactions as required from time to time by GFX Securities Financial Services and / or the financial market in which such transactions occur..

4.5  With regard to margin facilitation, the client will provide a guarantee to GFX Securities Financial Services in the amount, in form and under the timing and evaluation mechanisms as required by GFX Securities Financial Services in its sole discretion. Without limiting the foregoing, the client maintains a security in the trading account for a total value determined by GFX Securities Financial Services to be equivalent to at least 50% (“Account Shares”) of the value of the securities and other property or another amount as required under The applicable regulations are purchased using margin facilitation (such as account shares which, to avoid doubt, are a separate amount of collateral from that amount that is settled through securities purchased using margin easing).

5.5 If the security value in the trading account is less than 35%, or an amount or other percentage, as specified under the applicable regulations, of the account’s shares, GFX Securities Financial Services will, at the end of the relevant business day, notify the customer of the decrease in the value of the guarantee and claim The customer increases the amount of the collateral (“extra margin”) so that the account equity value is preserved.

6.5 The additional security necessary to maintain the required account shares in accordance with the schedules that GFX Securities may specify from time to time with its marginal terms, including, in some cases, immediate provision.

7.5  If at any time the value of the security in the trading account decreases to less than 35%, or another amount or percentage as specified under the applicable regulations, from the account’s shares and the client fails to provide the required amount of the additional margin within the time limits stipulated above, GFX Securities Financial Services has the right, without notice to the client, to liquidate any or all of the securities or other property of the client in the trading account and close any position in the financial market to cover any differences resulting from trading on margin in order to maintain a guarantee of at least 50%. Of the account shares or another amount or percentage as may be required according to the applicable regulations.

8.5  Notwithstanding the foregoing, GFX Securities Financial Services reserves the right to reduce or cancel the marginal facility available to the client, refuse to grant any other marginal facility to the client, or require the client to provide additional margin from time to time to maintain account shares..

9.5  If the securities and / or other property purchased on margin are subject to corporate actions that give the customer the right to subscribe to additional shares in proportion to the client’s possession of such securities and / or other property (including but not limited to). Limiting any rights issue, capital increase, or incidental interest), GFX Securities Financial Services has the right to make reasonable efforts to notify the customer of this right. If the customer wishes to use such a right, the customer must use his own additional funds to pay the value of such additional shares. If the client does not pay for any of these additional shares, then GFX Securities Financial Services is not required to underwrite for such additional shares using the margin facility or its own funds..

 10.5 The client agrees and acknowledges that the interest will be payable daily on any marginal facility provided to the customer. The amount of interest due between GFX Securities Financial Services and the client will be agreed upon in a separate document, and GFX Securities Financial Services reserves the right, from time to time, to change the interest rate that applies to the marginal facility, subject to sending prior notice to the customer..

11.5  Delay in the payment of any amounts owed within the framework of or in connection with the marginal easing, including, where applicable, any collateral requirements, render the customer vulnerable to delay benefits. This delay benefit will be effective from (a) the date on which this amount becomes due or (b) the date on which the guarantee is requested, as applicable, until the date of actual payment and the interest is calculated at the rate stipulated in the relevant fee schedule..

12.5  For the avoidance of doubt, GFX Securities Financial Services has the right to sell some or all of its securities or other property or close any transactions in which the client fails to maintain sufficient account shares. Any resulting proceeds will be offset against any amounts owed by the customer to GFX Securities Financial Services under the margin facility, until sufficient account shares are restored or until the marginal facility is fully repaid. Any additional proceeds will be credited to the client’s trading account and may be available for withdrawal or reinvestment in accordance with the provisions of this agreement..

 
  1. Trading

1.6  Under the terms of this agreement, GFX Securities Financial Services will provide implementation services either via

(i) Pooled accounts; or

(ii) Regular accounts; or

(iii) Both options in all stock markets / exchanges are agreed upon according to the request of the client as the account holder and / or authorized signatory.

2.6 Any assets / shares of a specific transaction are held in the respective private markets either (1) in the name of GFX Securities Financial Services in the case of pooled accounts; Or (2) in the name of the account holder regarding transactions in the case of regular accounts.

(ii) in the name of the Account Holder for the transactions in case of Fully Disclosed Accounts.

 3.6 Liability of orders: All orders for the purchase or sale of securities and / or other property that are given in favor of the trading account will be deemed to have been authorized by the client and will be executed based on the client’s pledge that an actual purchase or sale is required. It is a matter of the client’s intention and commitment to repay the securities and / or other property to cover long-term positions and to pay for the purchase of transactions immediately upon request of GFX Securities Financial Services. In the event of selling securities and / or other property, GFX Securities Financial Services is permitted to borrow or obtain securities and / or other property as necessary to enable GFX Securities Financial Services to carry out the delivery process, and the customer agrees to Take responsibility for any losses that GFX Securities Financial Services may incur in doing so. The client understands that GFX Securities Financial Services has the right at any time, at its sole discretion and without prior notice to the client, to prohibit or restrict the client’s ability to trade securities and / or other property. In this regard, the client agrees that he is not entitled to sell securities and / or other property before full payment of the value of the securities and / or other properties purchased, in addition to the commission and fees due to GFX Securities Financial Services and Market / Markets. Finance, bank / banks and any other expenses arising from such a transaction. The client also agrees not to allow any person to trade for a trading account unless he has obtained a trading license approved by GFX Securities Financial Services for this person..

4.6  Financial market volatility, market orders and limit orders: The client realizes that, whether he submits a market order or a limit order, he will receive the price at which the order is executed in the market. The execution price received, particularly during periods of high volume of transactions, liquidity, velocity of movement or volatility in the market, may differ from (and may be less beneficial than) the price quotation provided when entering an order or the price level specified for a stop loss order. The customer may receive partial fulfillment of an order at different rates. The Client understands that GFX Securities Financial Services is not responsible for any such price fluctuations. The client also realizes that quotations generally concern only a small number of shares as specified by the market, and larger orders are relatively more likely to receive execution at prices different from the quotations or in multiple lots at different prices. Securities and / or other property may be opened for trading at prices well above or below the previous closing price or expected price. If the customer issues a market order (either during normal market hours or when the financial markets are closed), then the customer agrees to pay or receive the prevailing market price at the time the client’s market order is executed. The customer realizes that the price that the customer pays or receives may be much higher or lower than the expected price at the time the customer places the order. In order to avoid buying a security and / or other property at a higher price and perhaps at a price that exceeds the customer’s purchasing power, or selling it at a price lower than the customer’s desire, the customer realizes that he can enter a specific order. The client also understands that the specified orders may not be executed at any particular time or at all times if there is not enough trading at the specified price or better price specified by the client. The Client also understands that the execution of stop loss orders cannot be guaranteed during periods of high market volatility. The GFX Securities website contains more information about the types of orders and system restrictions that the customer agrees to read and understand before issuing such orders..

 5.6 Order handling: The client understands that, according to the terms and conditions of the order, the method of executing each order is an absolute discretion of GFX Securities Financial Services. If the client does not specifically request that the client’s orders be directed to a specific location in one of the financial markets that GFX Securities can access, then the orders that GFX Securities Financial Services accepts will be transferred to the appropriate exchange or other financial market ( As specified in good faith by GFX Securities Financial Services (for issuance and execution, or possibly resulting in an internal reciprocal transaction) where GFX Securities Financial Services or the relevant executing broker matches a purchase order issued by a client with an issued sale order On behalf of another client, without referring orders to one of the financial markets or another external trading place for execution (or to a major trading) where GFX Securities Financial Services or the related execution broker takes the other side of the trading process (entered between the client or broker Relevant settlement.Certain orders, at the absolute discretion of GFX Securities Financial Services, may be subject to review and manual entry, which may cause delays in the execution of client orders and may cause Executing customer orders at prices that differ greatly from the quotations obtained by the client at the time the customer entered the order GFX Securities Financial Services reserves the right, at its absolute discretion, to refuse to accept any order or to change its requirements regarding stop orders or stop-limit orders for specific securities or classes of securities without prior notice. The client authorizes GFX Securities Financial Services to send the client’s orders in conjunction with other orders of other clients and the client acknowledges that the average price for the execution operations resulting from the bulk orders will be allocated to the trading account. The client realizes that consolidating orders may work for or against the client in individual trading operations, but GFX Securities Financial Services will endeavor to ensure that consolidating orders, on average, will not lead to harm to its clients as a whole. GFX Securities will, upon request, make records available that show actual prices for transactions.

6.6  Purchases: The client undertakes to pay the value of all securities and / or other property purchased in the trading account by adding an appropriate cash amount on or before the settlement date. With the exception of conditional offers for the purchase of new shares issues, GFX Securities Financial Services reserves the right to demand that the trading account contains funds in an amount equal to or greater than the purchase price of the securities prior to the trading date. The client is responsible for his orders, including any order that may exceed the amount of funds available in the trading account, and the client will not rely on GFX Securities Financial Services to reject an order (s) that exceeds the client’s purchasing power. If full funds are not available in the trading account and the client’s order is processed, the client must immediately pay GFX Securities Financial Services for receipt on or before the settlement day. If payment is not received on the settlement date, or as the financial market conditions require, at any time before or after the settlement, then GFX Securities Financial Services has the right, at its absolute discretion, to liquidate or close any or all of the securities and / or other properties. Existing in the trading account and the start of the transaction to pay the obligation incurred by the client, without prior notice and without regard to any previous request or agreement related to the time of payment. GFX Securities Financial Services has the right to liquidate the securities and / or other property in one trading account to settle the obligation to pay in another trading account. In the event of liquidation of securities or other property in one or more trading accounts of the client in accordance with this article, the client will be responsible for any losses incurred by GFX Securities for Financial Services, and GFX Securities Financial Services is not responsible for any Losses (including, for the avoidance of doubt, lost profits) that the customer may incur as a result of liquidation.

 7.6 Sales operations: The client undertakes to deliver all securities and / or other property sold in the trading account and to provide a guarantee of any kind and acceptance amount to GFX Securities Financial Services in the trading account. GFX Securities Financial Services generally requires that securities and / or other property be kept in one of the trading accounts before accepting a sale order related to such securities and / or other property unless the order is specifically designated as “ Short sale ”. If securities and / or other property are not kept in the trading account and a sale order is processed, the client must immediately hand over such securities and / or other property to GFX Securities Financial Services for receipt in good form on the date Settlement or before it. Any order accepted without certificates or negotiable positions in the Trading Account will, at the sole discretion of GFX Securities Financial Services, be subject to cancellation or purchase to cover the deficit. To help ensure that this does not happen, the client agrees that he will issue sell orders only in relation to the securities and / or other property owned by the client that are held in the trading account at the time the client’s order is issued..

The proceeds of the sale will not be paid to the client or released in the trading account until GFX Securities Financial Services has received the securities in a good, deliverable form, either from a transfer agent or from the client and the securities settlement process is complete. Instructions for how to properly certify and deliver the certificate to GFX Securities’ website are provided to GFX Securities Financial Services. If securities and / or other properties are not received on or before the settlement date, or as required by the financial market conditions, then GFX Securities Financial Services has the right, at its sole discretion, to purchase securities and / or other property in the open financial markets with respect to The trading account is entitled to liquidate or close any or all of the securities and / or other property in any trading account in order to pay for such purchase (“the purchase to cover the deficit”). In the event of purchasing securities and / or other property to cover the deficit, the client will be responsible for all claims or losses incurred by GFX Securities Financial Services..

 8.6 Conditional Trading Orders: The Client acknowledges and agrees that while GFX Securities Financial Services uses all reasonable care and skill in handling conditional trading orders; (A) Such orders may not be processed at the times specified in those orders or at all times, and GFX Securities Financial Services does not provide any guarantees or assurances to the client in this regard, (b) To the maximum extent permitted by law, it does not bear GFX Securities Financial Services has no liability for losses that the client may incur as a result of GFX Securities handling such orders at the times specified in the orders, (c) and regardless of the provisions in this paragraph 6.6 (a) and (B), the maximum liability that GFX Securities may bear towards the client is at all times limited to the actual losses that the client incurs as reasonably determined by GFX Securities Financial Services..

 9.6 Cancellations, order changes, and late and corrected reports: The cancellation order is merely a request, and as such, the cancellation of a customer order is not guaranteed. GFX Securities Financial Services handles cancellation requests on the basis of best efforts and is not responsible for the client if it is unable to change or cancel an order before executing the order. The customer’s order will be canceled only if the customer’s cancellation request is received in the market and matched with the current order before the order is executed. The ability to cancel an order depends greatly on the volume of trading in the securities and / or other specific holdings, market conditions, and the financial markets as a whole, over which GFX Securities Financial Services has no control. Market orders are subject to immediate execution and, as a general rule, cannot be canceled during market hours. Market orders and Executable Limit Orders issued prior to the market opening are subject to immediate execution at the opening and cancellation orders placed shortly before the start of trading may not be effective. If one of the orders cannot be canceled or changed, the client agrees that he is bound by the results of the original order issued by the client, and the customer does not assume that one of the orders has been executed, changed or canceled until the client has received a report on the status of the transaction from GFX Securities Financial Services. Specifically indicates that the order has been executed, changed or canceled. From time to time, GFX Securities Financial Services receives late reports on requests for orders execution, change or cancellation from participants in stock exchanges or financial markets indicating the status of transactions. The client realizes that the order may be subject to, and will be obligatory, to the late reports on the execution processes that relate to the orders that were not previously reported to the client or were reported to the client on the grounds that they have expired, canceled or executed. Moreover, any errors in reporting or publication, including errors that occur in execution prices, will be corrected to show what is actually happening in the market. It is the responsibility of the customer to know the status of the client’s pending orders before entering additional orders. Any repetition by the client regarding one of the pending orders will be considered authorized and intended by the client, even if the order execution process exceeds the funds available in the trading or purchasing power account. If the customer wants to change an existing order, the customer agrees to enter a change order. If the customer enters a cancellation request, the customer agrees to wait for a transaction status report indicating specifically that the customer’s cancellation request was activated before a replacement order was entered. By entering a change order, the customer can avoid the waiting requirement for this transaction status report. Repeated and consecutive change orders, particularly when one of the orders are partially executed, may under some circumstances lead to delays in the reporting process and / or inaccuracies in initial transaction status reports. The client will rely on formal confirmations of transactions such as official records of transactions in the trading account, and the client agrees to contact GFX Securities Financial Services in the event that it is not clear about the status of one of the orders..

 10.6 Order Orientation: In line with the principle of best execution, GFX Securities Financial Services, using a computerized system, directs orders for listed and traded OTC securities to financial market centers, including regional exchanges and OTC securities dealers and systems. Alternative trading. GFX Securities Financial Services takes a number of factors into consideration in determining where to direct orders to clients, including speed of execution, opportunities for price improvement (execution processes at prices exceeding the prevailing prices in financial markets), automatic execution guarantees, and availability of efficient and reliable systems for processing orders. The level of service provided and the cost of execution orders, whether it will receive cash or non-cash payments to guide the order path and reciprocal business arrangements. GFX Securities Financial Services Company regularly and meticulously reviews transactions, brokers and other financial market centers to achieve quality implementation based on the aforementioned factors..

11.6  GFX Securities Financial Services as an agent; And its subsidiaries: The client realizes that GFX Securities Financial Services is acting as an agent for the client unless GFX Securities Financial Services notifies the customer in writing prior to the settlement date for the transaction that it is acting as a trader for its own account or as an agent for another person. The client agrees that GFX Securities Financial Services has the right to provide some trading or other services to the client with or through its subsidiaries. The client also understands and agrees that, in the event of executing an order with one of the subsidiary companies that acts as a primary agent, such subsidiary company has the right to receive profit (or loss) in connection with this execution in addition to a commission or equivalent to the commission, the ceiling or the fee paid to the company. GFX Securities Financial Services.

12.6  Reorganization and corporate actions: Some securities and / or other property may involve valuable rights that expire unless the owner takes some action. The client understands that it is his responsibility to know the rights, terms and conditions involved in all securities and / or other property in the trading account. GFX Securities Financial Services shall not be obligated to notify the customer of any anticipated expiry of validity or redemption dates or to take any action on behalf of the client without specific instructions from the client, except as specified by law and the rules in force of the regulatory authorities. However, if any of these securities and / or other properties are about to expire or become worthless or are disbursed at a value far below their fair market value, and the client has not provided instructions to GFX Securities Financial Services, then the company has the right GFX Securities Financial Services, at its discretion, take action on behalf of the client and record the proceeds on the trading account. Although GFX Securities Financial Services has the discretion to take such action, GFX Securities Financial Services is under no obligation to do so. The client agrees to protect GFX Securities Financial Services from any losses arising from or related to the client’s failure to act or instructing GFX Securities Financial Services to act on the client’s behalf. The Client is responsible for knowing the voluntary and mandatory reorganizations related to the securities and / or other property owned by the Client including mergers, name changes, stock splits and reverse stock splits. GFX Securities Financial Services is under no obligation to notify the customer of any such reorganization before it occurs. The client understands that GFX Securities Financial Services will not allocate securities and / or other property resulting from the reorganization processes until GFX Securities Financial Services receives these securities and / or other property from the payment agent or depository. Based on the instructions for voluntary reorganization (tender or exchange offers), the client agrees to provide the instructions to GFX Securities Financial Services within a maximum of two (2) business days before the offer expires to allow sufficient time to act based on the client’s instructions. Any instructions received after this date will be processed on a “reasonable effort” basis only. Moreover, it is the customer’s sole responsibility to know the periodic payment activities including cash and stocks. GFX Securities Financial Services is under no obligation to notify the customer of such activities. It is the responsibility of the client to know when the reorganization, such as a stock split, resulted in changing the symbol and / or number of shares offered. Increased sales in the cash account is an unauthorized short sale and may lead to restrictions on the customer’s trading account.

 13.6 Dividends, interest and underwriting rights: GFX Securities Financial Services will receive periodic payments, such as dividends and interest, on behalf of the client, and they will be deposited into the trading account on the date the funds are received by or on behalf of GFX Securities Financial Services or after Short period of it.

 14.6 Trading in different countries and currency fluctuation risk: The client realizes that the order (s) will be executed in the currency related to the financial market / markets and that investing outside the client’s country involves Additional risks related to currency fluctuations, economic and political differences and differences in accounting standards. The client agrees that, in order to trade in different financial markets, the client must first either: (1) convert the US dollar in the trading account into the applicable currency in those private financial markets that the client wishes to trade in; Or (2) converting the applicable currency to the trading account. Currency conversions are performed by GFX Securities Financial Services or its subsidiaries on a basic amount basis and may include an upper or lower bound, as applicable. The client understands that more favorable exchange rates may be available through third parties that do not belong to GFX Securities Financial Services..

  1. the system

 1.7 The Client understands that GFX Securities Financial Services does not guarantee that all or any of the access paths will be available to the Client at all times. GFX Securities Financial Services reserves the right to suspend access to the service without prior notice during scheduled or unscheduled system repairs or updates..

 2.7 Alternative Means of Access: GFX Securities Financial Services offers several ways to access the trading account, including by phone and online through the system. The Client agrees that if the Client encounters any difficulties in accessing the Service through any means of access, particularly during heavy trading periods and volatile financial market conditions, the Client will try to use alternative means to access his / her trading account (s). GFX Securities Financial Services will not, however, accept orders or instructions by e-mail, fax or mail.

3.7  Customer responsibility: The customer realizes that he is responsible for all acts and negligence related to the use of the service, including all orders entered through the service using the customer’s username and passwords. The customer understands and agrees that it is his responsibility to maintain the confidentiality of the client’s username and passwords, to change the passwords regularly and to keep them confidential. The client agrees to notify GFX Securities Financial Services immediately if:

(i) An order was issued by the service and the customer did not receive the order number;

(ii) The order was issued through the service and the customer did not receive accurate acknowledgment of the order or its execution;

(iii) The customer has received an acknowledgment regarding the execution of an order that the customer believes has not been issued; or

(iv) The customer becomes aware of any unauthorized use of the customer’s username and password.

If the client fails to notify GFX Securities Financial Services as soon as possible in the event of any of the preceding circumstances, neither GFX Securities Financial Services nor any of its affiliates will be liable to the client or any other person for any claims Relates to the handling, mishandling, or loss of any order.

 4.7 Security: When the client logs into the GFX Securities website, GFX Securities’ protection system automatically protects the client’s communications through server authorization and data encryption. Access requires password authentication to log into the trading site and actually submit the trading request.

 5.7 Market data: The client understands that neither GFX Securities Financial Services nor any participating information provider guarantees or provides a guarantee of any kind, express or implied, regarding the timing, sequence, accuracy or completeness of the market data. The customer agrees that GFX Securities is not responsible for any losses (including loss of opportunities or profits) that arise from or related to the following: (1) Any error, defect or negligence of the data; (2) Any error or delay in transmitting this market data; Or (3) interruption of any such data for any reason outside of the control of GFX Securities Financial Services. The customer also realizes that each information provider confirms his ownership of all content and market data that he provides to the parties that publish such content or market data, and that he is the owner of intellectual property rights in relation to this content or market data. The customer uses content and market data (including spot quotes) only for individual, non-commercial use. The customer will not redistribute or provide the content or market data to any person or entity. The client understands that GFX Securities Financial Services and its information providers have the right to implement the terms and conditions of this agreement. GFX Securities on the client.

  1. Arbitration agreement and disclosure processes

1.8  Arbitration Agreement and Disclosures This agreement contains a pre-dispute arbitration clause. By signing an arbitration agreement, the client agrees with GFX Securities Financial Services as follows:

(1). The parties to this agreement waive the right to sue each other in court, including the right to be tried before a jury, except as provided under the rules of the arbitration forum in which the case is filed.

 (2). Arbitral awards are generally final and binding. The ability of one of the parties to overrule or amend the award is very limited.

 (3).The parties’ ability to obtain documents, witness statements, and other findings is generally more limited in arbitration than in court proceedings..

 (4).Judges are not obliged to explain the reason (s) for their decision.

(5).  Usually the arbitration panel will include a minority of arbitrators who were or are still affiliated with the securities trading sector.

 (6).The rules of some arbitration forums may impose time limits for filing a claim for arbitration. In some cases, a case that does not qualify for arbitration can be referred to court.

 (7).The rules of the arbitration forum in which claims are brought and any amendments to them shall be included in this agreement.

 2.8 The client agrees to settle, by binding arbitration, any dispute or dispute that may arise between GFX Securities Financial Services or its subsidiaries and the client regarding any form of the client’s relationship with GFX Securities Financial Services or any trading account with GFX Securities Financial Services Company or the service provided to the client by GFX Securities Financial Services. The arbitration agreement includes any dispute involving transactions of any kind carried out on behalf of the client by or through GFX Securities Financial Services or the performance, drafting, or violation of this agreement (including regarding the existence, termination or validity of this agreement) or any Another written agreement between GFX Securities Financial Services and the client. Such arbitration will be conducted in accordance with the arbitration rules in force at the time of the United Nations Commission on International Trade Law (Arbitration Rules for UNCITRAL) Unless the rules of another self-regulating organization to which GFX Securities are subject to require arbitration be conducted before that organization, in which case the arbitration will be conducted in accordance with the rules of that organization that are in effect at that time. Any dispute, disagreement or claim involving a dollar amount of less than $ 50,000 will be brought before a single arbitrator to be appointed by the organization to which the arbitration is referred. Any dispute, dispute or claim involving a dollar amount in excess of $ 50,000 will be brought before a panel of three arbitrators. In such a case, each party to the arbitration shall appoint one (1) arbitrator and the two arbitrators appointed by the parties shall select one (1) additional arbitrator. Manama, in the Kingdom of Bahrain, is the place of arbitration and the procedures are executed in the English language. The client concludes the arbitration agreement on his behalf and on behalf of his heirs, directors, representatives, enforcers, successors and persons appointed by him, along with all other persons who claim legal interest or interest in the trading account. Any decision taken by the arbitrator or the majority of the arbitrators will be final and binding, and a judgment may be issued on such a decision in any court of competent jurisdiction. This arbitration provision will be applied and interpreted exclusively in accordance with the laws of the Kingdom of Bahrain. Any costs, attorneys’ fees, or taxes included in the confirmation or implementation of the decision will be determined and paid by the party that refuses to confirm or implement the said decision..

3.8  No person may file a presumptive or confirmed class action to arbitration, nor may he seek to implement any arbitration agreement against any person who has filed a presumptive class action or is a member of a presumptive lawsuit and has not withdrawn from the lawsuit in relation to any claims included in the presumptive class action suit until:

(1).The case is denied legalization;

(2).The lawsuit is canceled; or

(3).The customer is excluded from the lawsuit by the court.

Such failure to implement the arbitration agreement does not constitute a waiver of any rights stipulated under this agreement except as provided for in this agreement..

 4.8 If the customer is not a resident of the Kingdom of Bahrain at the time of the dispute, dispute or claim between GFX Securities Financial Services and the client, the customer agrees to the aforementioned provisions and the following additional provisions:

(1).The client agrees to hold any arbitration session in Manama, Kingdom of Bahrain, unless otherwise agreed between GFX Securities Financial Services and the client or that the self-regulatory body managing the arbitration allocates another venue for the hearing.

(2).The customer agrees to the exclusive jurisdiction of the courts of Bahrain to interpret and enforce the arbitration provisions set forth in this agreement;

(3).All arbitration proceedings will be conducted in the English language, unless otherwise agreed upon by the parties involved in the arbitration proceedings.

5.8  There is nothing in Article (8) that prevents GFX Securities Financial Services from bringing litigation procedures in the client’s country of residence or in any other state where GFX Securities Financial Services considers this necessary or desirable for the purpose of implementing an arbitration decision or for the purpose of executing Any amount due or security right granted under this Agreement.

  1. Other provisions and disclosures

1.9  Trading after business hours and before the opening of the stock exchanges, terms and conditions, and other disclosures: GFX Securities Financial Services will from time to time notify the client about the terms, conditions and additional disclosures related to specific products or services, including the service and the trading sessions that take place after Opening hours or before the opening of the stock market. By entering into this agreement, the customer agrees to be bound by all these terms, conditions and disclosures.

 2.9 Record Keeping: GFX Securities Financial Services shall keep records of confidential information and personal information of the client that is provided under this agreement and data related to the transaction / transactions for a period of ten (10) years or as otherwise specified by Bahraini laws or applicable regulations..

 3.9 Economic Sanctions: The client’s trading account may be subject to applicable regulations regarding economic sanctions and embargoes. The customer undertakes that he has not been appointed under the applicable regulations as a person subject to embargo or economic punishment, and that the customer has no reason to believe that he will be considered a person subject to embargo or punishment for purposes related to such applicable regulations and that the customer does not reside in a prohibited country. The client also undertakes that he is not employed by, or working as an agent, or partially owned or subject to management by one of the governments or bodies affiliated with the government or any other person who has been identified under the regulations in force as a person subject to prohibition or punishment. The client realizes that if the client’s request is deemed to fall under the applicable regulations relating to punishment and economic embargo, the client’s trading account may be rejected or banned from a particular activity..

 4.9 Economic Sanctions: The client’s trading account may be subject to applicable regulations on economic sanctions and embargoes. The customer undertakes that he has not been appointed under the applicable regulations as a person subject to embargo or economic punishment, and that the customer has no reason to believe that he will be considered a person subject to embargo or punishment for purposes related to such applicable regulations and that the customer does not reside in a prohibited country. The client also undertakes that he is not employed by, or working as an agent, or partially owned or subject to management by one of the governments or bodies affiliated with the government or any other person who has been identified under the regulations in force as a person subject to prohibition or punishment. The client realizes that if the client’s request is deemed to fall under the applicable regulations relating to punishment and economic embargo, the client’s trading account may be rejected or banned from a particular activity..

5.9Amending the agreement or service: The customer understands that GFX Securities Financial Services has the right to change or amend the terms and conditions of this agreement from time to time. GFX Securities Financial Services will notify the customer about changes to the agreement by publishing a revised copy of the agreement and a summary of the changes on the GFX Securities website by notifying the customer of the changes the next time the client logs into the account. His trading. GFX Securities Financial Services may also notify the customer by sending an email or a written notification to the client stating changes to the agreement, but it is not required to do so. It is the responsibility of the client to check regularly the GFX Securities trading website for changes to the agreement..

The client agrees that he will be deemed to have agreed to any change to this agreement or to the service if the client continues to use the service after publishing the notice of the change on the GFX Securities website or if the client fails to close his trading account within fifteen (15) days from the date of publishing the notice of change on the GFX Securities website. For these purposes, any notice sent to the e-mail or postal address provided by the client in the request to open his trading account or the address to which GFX Securities Financial Services is subsequently notified by the client will be deemed to have been delivered. To the customer (whether or not the customer actually received it) and the customer will be deemed to have received any such notification by e-mail on the day of sending it, and any such notification sent by mail or otherwise on the date that falls two days after the date of sending.

Notwithstanding the above, changes required by law or applicable regulations will be effective immediately upon publication of the revised agreement on the GFX Securities website..

6.9  Independence of the terms, waiver and effectiveness: If any provision of this agreement is considered invalid, void or unenforceable due to any law, rule, or administrative or judicial decision, then this decision does not affect the validity of the rest of the provisions contained in this agreement. Except as expressly permitted in this agreement, no provision of this agreement shall be waived, changed or amended unless otherwise agreed in writing and signed by one of the authorized officials of GFX Securities Financial Services..

7.9  Not to give up: The failure of GFX Securities Financial Services to insist on strict compliance with this agreement or regarding any other action on its part or any failure by GFX Securities Financial Services or its agents to assert its rights stipulated in this agreement in any An event or series of occasions shall not be deemed a waiver of GFX Securities Financial Services’ rights under this Agreement. Any verbal agreements or instructions to the contrary are not recognized and are not enforceable.

8.9  Heirs: This agreement will transfer to the interest of GFX Securities Financial Services, its inheritors, assignees and its agents. Moreover, the customer agrees according to this agreement that this agreement and all its terms and conditions will be binding on the client’s heirs, subordinate executors, his directors, his personal representatives and any assigned persons authorized by GFX Securities Financial Services..

9.9  Power of attorney: The client agrees and appoints, according to this agreement, GFX Securities Financial Services, in an irrevocable manner, and granting it full powers to be the true and actual agent of the client to the maximum extent permitted by law, for the purpose of implementing the provisions contained in this agreement and taking any action and editing any document it deems necessary. GFX Securities Financial Services is necessary or desirable to achieve the purposes of this agreement.

 10.9 Full understanding; Designation: This agreement, the request to open a trading account and its attachments if any, all other written agreements and any terms and clauses mentioned in the statements and confirmations constitute the full understanding between GFX Securities Financial Services and the client regarding the trading account (s) and in relation to the services. This agreement supersedes any previous agreements that the client may have entered into with GFX Securities Financial Services individually regarding his trading account, and if the trading account is subject to joint ownership, this agreement cancels any previous agreements concluded by the same parties to this agreement To the extent that the topic is covered by this agreement. GFX Securities Financial Services has the right to assign its rights and duties stipulated in this agreement to any of its inheritors, subsidiaries, or affiliated companies without providing notice to the client or any other entity based on prior written notice to the client. The client is not entitled to waive his rights and obligations stipulated in this agreement without first obtaining the prior written consent of GFX Securities Financial Services. Any alleged waiver in breach of this Agreement will be void.

11.9  Choice of law: The client understands that it will be considered that this agreement has been concluded in the Kingdom of Bahrain and will be interpreted, and the contractual and non-contractual rights and obligations of the parties will be determined in accordance with the internal laws of the Kingdom of Bahrain..

12.9  Third party beneficiaries: All the rights of GFX Securities Financial Services stipulated in this agreement are also extended to include any broker, referral agent, futures commission dealer, broker-dealer, or another person who refers or identifies the customer to GFX. Securities Financial Services, each of them expressly considered a third beneficiary of this agreement. Among other things, this provision grants the aforementioned persons the rights, obligations, and privileges provided for in this agreement in relation to the jurisdiction and location of the legal proceedings, the applicable law and compensation..

13.9  Binding effect: This agreement remains in effect and includes, individually and collectively, all client trading accounts that are opened or reopened at any time with GFX Securities for Financial Services, regardless of any change at any time to the employees of GFX Securities. Financial Services, its successors, subsidiaries or assigns. This agreement, including all mandates, shall benefit GFX Securities Financial Services, its inheritors and assignees, whether through a merger, merger or otherwise, and shall be binding on the client and / or his trustees, executing persons, trustees, officials and legal representatives affiliated with them. Him, his heirs and their assigns. Under this agreement, the client approves all the transactions that take place with GFX Securities Financial Services by the client prior to the effective date of this agreement and agrees that the client’s rights and related obligations are subject to the terms and conditions of this agreement..

14.9  Compensation: The client agrees to indemnify and not hold GFX Securities Financial Services, its subsidiaries, agents, inheritors, assigns, directors, officials, agents, and employees concerned liable for and against any and all liabilities, losses, damages, costs and expenses, including attorneys’ fees, that afflict them and arise from failure The client in carrying out his obligations in a timely and complete manner under this agreement or as a result of the inaccuracy of any of the client’s undertakings and guarantees granted to GFX Securities Financial Services. The client also agrees to indemnify GFX Securities Financial Services immediately for all damages, costs and expenses, including attorneys’ fees, which GFX Securities will bear in enforcing any of the provisions of this agreement and any other agreement / agreements between the client and GFX Securities Financial Services.

15.9  Intellectual property rights: Unless otherwise notified by GFX Securities Financial Services, any software, hardware or equipment of GFX Securities Financial Services provided by GFX Securities Financial Services to the customer in relation to the services licensed to the customer throughout Duration of this Agreement. The copyright and all other intellectual property rights contained in this agreement and in any documents or other information provided by GFX Securities Financial Services to the customer remain the property of GFX Securities Financial Services or the person who grants its license to GFX Securities Financial Services (if Applicable). The customer understands and agrees that he will not obtain any rights, ownership or interest in any such materials or intellectual property rights related to them. Any hardware or equipment provided by GFX Securities Financial Services to the customer in connection with the services shall remain the property of GFX Securities Financial Services. The customer agrees to use it exclusively in relation to this agreement and as indicated in any documents and to return it to GFX Securities for Financial Services at the customer’s expense within 21 days from the date of termination of this agreement. If any device or equipment is lost or destroyed while in the client’s possession or is not returned to GFX Securities for Financial Services in accordance with the terms and conditions of this agreement, the customer will pay the costs of replacing it and processing it as reasonably charged by GFX Securities Services. Financial.

16.9  Electronic signatures: The intentional electronic signature by the client on this agreement and the request to open a trading account is a valid evidence of the client’s consent that he is bound by this agreement and those other documents submitted within the request procedures for the opening of a trading account or those documents that govern the client’s relationship with GFX Securities Financial services. The use of the electronic version of this agreement and of the related documents fully meets any of the requirements of GFX Securities for Financial Services contained in the Business Terms and / or in those other documents that are provided to me in writing. The client acknowledges that he may view and keep a record of the documents that the client has signed electronically through the GFX Securities website and that the client may print a copy of all these documents for the purpose of his records. It is the sole responsibility of the customer to review and understand all terms and conditions contained in these documents. The customer agrees, for the purpose of any and all applicable regulations, that notification by electronic means is considered reasonable and correct, including posting the amendments to this agreement on the GFX Securities website The customer acknowledges and agrees that GFX Securities Financial Services may amend the agreement From time to time. The client acknowledges and agrees to review the GFX Securities website from time to time for the latest information on the agreement.

The electronically stored copy of this agreement shall be deemed a true, complete, valid, real and enforceable record of this agreement and approved in judicial and administrative procedures to the same extent as documents and records issued and kept in printed form. I agree not to object to the adoption and enforceability of the stored electronic version of the GFX Securities Electronic Services Agreement in any actions that may arise from the terms and conditions of this agreement. In the event that more than one person signed this agreement electronically, then the customers’ obligations under this agreement will be joint, symbiotic, and in conformity with the obligations of the joint account holders who signed the agreement in a hard copy (printed).

  1. Electronic delivery of documents

 10.1 Electronic Document Delivery

 1.1.10 Approval of electronic delivery: GFX Securities Financial Services is an existing broker-dealer that provides self-directed (execution only) trading services based on an electronic system. By agreeing to electronic delivery, the customer provides his prior consent to the electronic delivery of all correspondence related to the account (as defined below) other than those that the customer specifically requested to be delivered in paper form. “Account correspondence means all current and future account / statements, trading confirmations, notices, disclosures, regulatory correspondence (including bulletins, solicitation processes to obtain authorization and privacy notices) and other information, documents, data and records related to the client’s trading account / accounts and the service (including amendments). To the agreement) that is delivered or presented to the client by GFX Securities Financial Services and issuers of securities and / or other properties in which the client and other parties invest.

2.1.10 Revocation of consent: The client may revoke or restrict his consent to the electronic delivery of account correspondence at any time, in accordance with the terms and conditions of this agreement, upon GFX Securities Financial Services’ notification in writing or by phone with the client’s intention to do so. The customer also has the right to request paper delivery for any account communication that the law stipulates to be provided by GFX Securities Financial Services in paper form. The client understands that if he revokes or limits his consent to the electronic delivery of account communications or demands paper delivery, then GFX Securities Financial Services is entitled, at its discretion, to impose a reasonable service fee on the customer in exchange for the delivery of account communications that can be delivered to the customer electronically or restrict the trading account or Close the trading account and terminate access to the service. Cancellation or restriction of the customer’s consent, the customer’s request for paper delivery, or the fact that GFX Securities Financial Services delivers paper copies of account communications will not affect the validity or legal validity of any electronic correspondence provided while the customer’s consent is valid..

3.1.10 Electronic delivery system: GFX Securities Financial Services will notify the customer by e-mail when account correspondence is posted on the GFX Securities website if it is required by law. The customer will have access, via GFX Securities’ website, to an archive containing all documents that the client has received via electronic delivery for at least the current year. The client may obtain copies of the previous documents upon the request of the client for a period of up to six years for account statements, and for a period of up to three years for trading confirmations. All notifications of account communications will be sent to the customer’s email address.
The customer understands that the Internet is not a secure network and that communications transmitted over the Internet can be accessed by unauthorized or unintended third parties. Notices that GFX Securities sends to the e-mail will not contain sensitive or confidential information of the client, including account numbers and identity of securities and / or other property purchased. Due to the security risks, the customer will not send any sensitive information such as account numbers or passwords in an unencrypted email.
In rare cases, email messages may not be sent correctly. Regardless of whether the client receives an email notification or not, the client agrees to check the GFX Securities Financial Services website regularly for the most recent information and to avoid losing time sensitive information. The Customer agrees that, for Customer records, Customer can download and save or print account communications that Customer receives via electronic delivery. In the event that an email notification sent to the client is returned to GFX Securities Financial Services on the grounds that it is not deliverable, a paper notification will be sent to the customer’s registered mailing address to notify the customer that the account communications will be sent by regular mail in order for GFX to receive FX Securities Financial Services, a confirmation of the email address from the client. The customer understands that if it is considered that he has revoked his consent to electronic delivery, then GFX Securities Financial Services has the right, at its discretion, to impose a reasonable service fee on the customer in exchange for the delivery of account communications that can be delivered to the customer electronically or to restrict or be entitled to impose restrictions on or close Client’s trading account. The client also understands that GFX Securities Financial Services has the right to restrict or close the client’s trading account if the paper notice is returned to GFX Securities Financial Services as it is not deliverable..
The client agrees that the main method for GFX Securities Financial Services’ correspondence with the client will be through publishing the information on the GFX Securities website, to the extent provided by law, with sending a notice to the client to direct the client to the GF website. X-Securities through which information can be read and printed. The customer understands that GFX Securities Financial Services reserves the right, however, to publish account communications on the GFX Securities website without providing a notice to the client or sending account correspondence to the client’s registered mailing or email address or to another means of access. The client registers it with GFX Securities Financial Services. The client agrees to check the GFX Securities website regularly as the client may not have other means to know such information and account correspondence that was sent to the client. The client agrees that all account correspondence submitted to the client by any of the aforementioned means shall be considered well and efficiently delivered to the client when sent or published by GFX Securities Financial Services, regardless of whether the client actually received or entered. And in a timely manner to the account correspondence.
The client agrees to promptly and cautiously review all account communications whenever they are sent and notify GFX Securities Financial Services by phone within, unless otherwise stated in this agreement, five (5) days from delivery if the customer objects to the information. Introduction. GFX Securities Company for Financial Services has the right to treat such information on the grounds that it is accurate and exclusive unless the customer objects in writing within five (5) days from the date of delivery..

 4.1.10 Duration of approval: This approval will be effective immediately and will remain in effect unless and until the client or GFX Securities Financial Services revokes it. The customer understands that it may take up to three (3) days to process the cancellation of approval for electronic delivery and the customer may receive electronic notifications during this period..

 5.1.10 Hardware and software requirements: The customer understands that in order to receive electronic communications, the customer must have access to the Internet, a valid email address and the ability to download applications as may be determined by GFX Securities Financial Services to which the customer has access and a printer or Other devices to download, print or save any information the customer may wish to have. GFX Securities Financial Services will notify the customer of any changes to the hardware and software requirements necessary to access the electronic records included in this approval..

6.1.10 Hardware or Software Requirements. I understand that to receive electronic deliveries, I must have internet access, a valid e-mail address, the ability to download such applications as MFS may specify and to which I have access and a printer or other device to download and print or save any information I may wish to retain. MFS will notify me of any changes in the hardware and software requirements needed to access electronic records covered by this consent.

 7.1.10 Consent and Acknowledgments: The customer hereby agrees that he has carefully read the above information regarding prior consent and is fully aware of the implications thereof. The customer hereby agrees to the conditions set forth above regarding the electronic delivery of account correspondence. The customer also agrees that he will maintain a valid email address and continue to enjoy Internet access. If there are changes to the customer’s email address, the customer agrees to notify GFX Securities Financial Services about the client’s new email address immediately in writing (for example, by sending the complete change to the email address electronically via the website) Of GFX Securities).

  1. User Consent / Risk Disclosure

The client confirms that he has read, understood and agreed to be bound by the terms and conditions stipulated in the document called “Risk Disclosure” of GFX Securities for Financial Services (as amended from time to time) available on the website of GFX Securities.

Risk Warning: Leveraged products carry a high degree of risk. Losses may exceed your financial deposits. These products are not suitable for everyone, make sure you understand all the risks and seek independent advice if necessary. 

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