Forex Legal Issues

    Forex Legal Issues

    Recently, the carrying out of commercial transactions in the exchange market is very actively offered to the small investors having an opportunity of familiarizing with the global financial market and, possible generation of profit from successful transactions on it. Thus, we are not talking about that the company buys currency according to the client order, for example at the exchange or in the bank. The essence is that the broker establishes the currency quotes and delivers the currency purchased by the trader (client) at own expense and on its own behalf, as a rule, by the cumulative result of transactions for a long time.



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    Changes in the Regulatory Documents

    21 April 2017Dear clients, in order to improve quality of service and to ensure safety of Client's funds, the Company has made changes to its Regulatory Documents in line with th...

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    Changes to Alpari Cashback loyalty program rules

    Dear clients, The following changes will take place to the Rules of the Alpari Cashback loyalty program on 1st August, 2016: clauses 2.1, 3.5, 3.6, 7.1, 9.3, 11.4 and 15.2 will under...

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    Amendments to Affiliate Agreement

    We hereby inform you of amendments to the “Affiliate Agreement,” which come into effect as of 11 August 2014.

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    Alteration to be made to Public Offer Agreement

    The LiteForex Company kindly asks the clients to take into consideration an alteration made to the Public Offer Agreement.

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    Client Agreement has been changed

    Starting July 22nd 2014, several changes in RoboForex Client Agreement will come into effect.

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    Changes to the Regulatory Documents from July 21, 2014

    In the Client Agreement, there are changes to clauses 1.2, 11.1, 16.1, 17 (the term “Written Notification”).

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    Admiral Markets AS General Terms and Privacy Policy are amended as of July 25, 2014

    Admiral Markets AS is amending General Terms and Privacy Policy. The amendments will enter into force as of July, 25 2014 and will be applicable to all effective client agreements.

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    Changes to the PAMM Account Regulations from July 7, 2014

    Please note that on July 7, 2014, some changes will take effect in the PAMM Account Regulations.

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    Changes to FXOpen Customer Documentation

    We would like to emphasize that all our wholesale customers will retain their relationships with FXOpen NZ Limited.

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    Changes to the PAMM Account Regulations

    We would like to inform you that the PAMM Account Regulations, which govern our provision of the PAMM Account service, have been changed.


    Forex Legal Issues

    Recently, the carrying out of commercial transactions in the exchange market is very actively offered to the small investors having an opportunity of familiarizing with the global financial market and, possible generation of profit from successful transactions on it. Thus, we are not talking about that the company buys currency according to the client order, for example at the exchange or in the bank. The essence is that the broker establishes the currency quotes and delivers the currency purchased by the trader (client) at own expense and on its own behalf, as a rule, by the cumulative result of transactions for a long time.

    Brokerage Company and its Partner

    Interests of broker company in a given country are represented by the partner from that country, on the basis of contractual relations. The influence of the company is limited by the provision of the clients' information and the other accompanying services. Due to the currency restrictions operating in the given country, the main option of rendering services to the clients carrying out transactions on behalf of the foreign company by means of its accounts. The main method is a wire transfer and generally used the method of carrying out transactions – through the systems of remote access (a virtual private network).

    Basic legal agreements

    Accurate and competent registration of legal Forex issues between participants of the made transactions is extremely important. Otherwise, the carried-out work can both contradict the legislation, and to have an unpredictable tax outcome. It is necessary to pay attention to reading and research of the following documents:

    Agreement between the client and brokerage company

    It is the basic agreement which governs the relations with the client. It is meant that this agreement is subordinated to the legislation of the foreign country (for example, Great Britain) and assumes the dispute resolution in foreign legal or arbitrary agency. Usually similar agreement, in addition to the discussed conditions of transactions with currencies and the accompanying calculations for them, includes regulations of margin trading (provision of a leverage), including the prevention of the client about the risks connected with trading in the exchange market. The signing of this agreement happens by mail.

    The agreement between the company dealer and its partner from the given country

    It is very important that the clauses of the contract on legal issues Forex didn't transfer the given country partner to a rank of the permanent tax mission of the company dealer. To avoid it, liabilities and functions of the given country partner shall be significantly limited. For example, on behalf of the dealer, it shall have no rights to the conclusion of agreements. Also, the agreement shall allow performing the necessary calculations and the translations between the companies, for example, to translate a broad part of the amount received for training, or, on the contrary, to earn a commission fee from the foreign company.

    Calculations with the foreign company are carried out based on agreements on rendering information services (for example, providing with quotes, education guidances, etc.).

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