ZoneXCapital is an investment firm that operates as a global broker.
Scope of the Terms of Business
3.1 This document “Terms of Business” determines all actions related to the execution of the client’s trades and is taken in conjunction with the Account Opening Agreement
3.2 The Terms of Business are non-negotiable and have priority over any other arrangements, agreements, express or implied statements made by ZoneXCapital, unless determined otherwise.
Definitions and Interpretations
Terms listed below have the following meanings and may be used in the singular or plural:
Internet and Electronic Trading
5.2 zonexcapital does not control signal power, its reception or routing via Internet or any other means of electronic communication, configuration of client’s equipment or reliability of its connection. Therefore, zonexcapital is not responsible for any claims, losses, damages, costs or expenses, including attorneys’ fees, caused directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility belonging to zonexcapital.
5.3 The client is obliged to keep all login information secret and assure that third parties do not obtain access to the trading facilities. The client will be held responsible for transactions executed by means of the client’s password even if such transactions were not executed by the client himself.
In case that client is utilizing such techniques, the client agrees and acknowledges that ZonexCapital may take one or more, or any portion of, the following actions:
- Close the client’s account;
- Suspend the client’s account for an undefined period of time;
- Carry out an investigation on the client’s account for an indefinite period of time;
- Charge a penalty fee to the client in the same or higher value of money which resulted from the client employing such techniques.
It is categorically prohibited to take any of the following actions:
- Use any software, which applies artificial intelligence analysis to zonexcapital’s system and Trading Platform;
2. Deflect, control, damage or change any communication which is not intended for client himself;
3.Use any type of spider, virus, worm, trojan-horse, time bomb or any other codes or instructions, designed to distort, destroy, damage or dismantle the Trading Platform, the communication system or any other system of zonexcapital;
4.Send any unrequested commercial communication that is not authorized.
zonexcapital Ltd. retains the right to cancel and/or reverse any trades which are considered untrue or opened at a fictitious price not existing on the market at the time of opening. Such cases include but are not limited to trades based on a non-market quotation or based on latency trading (such as old prices).
9.1 The Initial Offering of Islamic accounts may only be achieved by making a separate application via email for such an account. ZonexCapital is not obliged to provide such an account and as such will look at each request on its individual merits. Clients of Muslim faith will be solely eligible for opening an Islamic Account. In such account no swap charges or roll-over fees are used for holding overnight positions for up to 7 days. Afterwards a Carry charge will be applied on each and every transaction. The Carry Charge rates can be
emailed to any person requesting them that has duly made an application for an Islamic account.
9.2 zonexcapital reserves the right to employ, without prior notice, additional commission fees with respect to ex-dividend payments for all Indices and Shares instruments on any Islamic account for trades executed during ex-dividend dates.
Trading Volume Limitation
zonexcapital reserves the right to increase or decrease the trading volume limitation level of one or more instruments at any time without giving prior notice. The volume limitation is applied on a per client basis. In the event a volume restriction has been placed on a client and that client attempts to exceed the volume limit on any of the instruments restricted by such a limitation, the request will be automatically rejected and an “Off quote” message will be shown.
11.1 The Execution Venue and/or zonexcapital has the right to keep, or make deductions from, any amounts which the Execution Venue and/or Company is holding for the client, if any amounts are due from the client to zonexcapital.
11.2 The client herewith entitles the Execution Venue and zonexcapital at any time and without notice or liability to the client, to sell, apply, set-off and/or charge in any manner any or all of the client’s assets and/or the proceeds from such assets which the Execution Venue and/or Company has custody or control over, in order to redeem all or any of the client’s obligations to the Execution Venue and zonexcapital.
When zonexcapital is using, advertising or posting on its website or platform or anywhere else the services, products or websites of third party:
zonexcapital is not responsible for such services, products or website material, which is not under its control;
zonexcapital gives no representation, warranty or guarantee as to the exactness, correctness or integrity of related information or as to the tax or legal consequences of any related Transaction;
Such is provided only to allow the client to make his own investment decisions and cannot be understood as an investment advice or financial promotions to the client;
If the document contains a restriction on the person (or category of persons) for whom that document is intended or distributed, the client agrees that he will not pass it on to any such person or category of persons.
The client accepts that before the diffusion, zonexcapital may have acted upon it itself to make use of information mentioned above.
zonexcapital does not make representations regarding the time of receipt by the client and cannot guarantee that he will receive such
information at the same time as other clients.”