Terms of Service for Trade
Last updated: January 1, 2024 | Effective: January 1, 2024
1. Introduction
The site (https://GoldStockEX.com) is operated by GoldStockEX Inc. (referred to as the "Company", "We", "Our"). These Terms of Service together with all company policies and the Risk Disclosure Document, as well as any legally binding document entered into between the Company and the Client, constitute a binding Agreement between You (the "Client", "User") and the Company.
This Agreement sets out the terms upon which the Company will deal with the Client in respect to placing and executing financial instrument transactions, including Forex, Cryptocurrencies, ETFs, Commodities, Stocks & Indices on the Company's trading platform.
IF YOU DO NOT ACCEPT ANY OF THESE TERMS & CONDITIONS OR ANY OF THE POLICIES — YOU CANNOT USE THE COMPANY'S SERVICES.
2. Eligibility and Permitted Use
You must be 18 years of age or older and legally permitted to use our Services under the laws of your jurisdiction. By using the Platform, you represent that you have the full legal capacity to enter into legally binding agreements.
This Site strictly forbids any use of data mining, data gathering, bandwidth theft, offline browsing plug-ins and software, and/or download and/or batch download or access via any software except for common official web browsers or software downloaded from this website.
3. Your Account
The Company will open a Trading Account for you as soon as your Application Form is accepted, and provide you with a User ID and account number. You must not disclose your account access details to any other person, and in the event that you believe these details are known by a third party, you must notify us immediately.
You confirm that all information provided to the Company is full, accurate, and complete. If there is any change in relation to information you have provided, you must notify the Company immediately.
The Trading Account will be activated as soon as the Company has identified funds credited to the account. We may carry out credit or other checks as we deem appropriate from time to time.
4. Deposits
You may transfer funds to the Company using different methods of payment as permitted by the Company from time to time and in such currency acceptable by the Company. Funds deposited will be converted and managed in US Dollars, EURO, or Pound Sterling according to an exchange rate determined by the Company.
According to anti-money-laundering laws and regulations, you will be required to identify yourself as the origin of the funds. You may be required to provide information and sign any document required to enable proper operation of the Trading Account under applicable laws.
All funds deposited belong to the Company and will be treated as its own for the purpose of securing or covering the Client's obligations, subject to the Company's contractual obligation to pay or return money according to the terms of this Agreement.
5. Withdrawals and Refunds
Requesting a withdrawal is done by submitting a withdrawal request. A Client may withdraw only the available funds from their account to their bank account. Available funds means funds that are not required to secure any open position or current liability.
Repayment of funds will generally be in the same currency and to the same account/credit card from which the funds were originally transferred, unless the Company has decided otherwise in accordance with applicable anti-money laundering laws.
Withdrawal requests will generally be processed within 3 business days of receipt. Once approved, it may take up to 8 business days for funds to reach your credit card or bank account.
The minimum amount of withdrawal via wire transfer is 250 USD.
6. Fees and Charges
The Company derives revenues from the spread on Transactions (the difference between buy/sell prices offered by the Trading Platform). The Company also charges fees for transfers and withdrawals.
The Company may introduce additional fees and charges and may change any existing fees at any time by giving the Client not less than 8 Business Days' notice.
7. Trading
The Trading Platform enables trading in foreign exchange rates of different currencies, commodities, CFDs, cryptocurrencies, and other financial instruments. The Platform displays indicative quotes based on different financial information systems.
Trading Services are available during regular Forex Trading hours, Monday–Friday. Transactions are automatically renewed ("rolled over") every night at 22:00 GMT.
The Company has the right to set limits and/or parameters to control the Client's ability to place orders or restrict the terms on which a Transaction may be made.
The Company does not allow arbitrage trading based on different systems or platforms, exploitation of system latency, bugs, errors, or any other manipulative trading methods.
8. Rollover, Margin Call, and No Advice
Rollovers (Swaps): A position is automatically renewed at night to the next business day, with interest debits or credits applied to the account based on the interest rate differentials applicable to each currency pair.
Margin Call: In the event that a client fails or is expected to fail to meet the amounts required to secure open trades, the Company may demand additional deposits. If a margin call is not met, the Company may close the Client's positions.
Important: Account holders are required to monitor their accounts regularly and ensure sufficient available margin exists prior to submitting withdrawal requests, as this may impact open positions.
The Company does not advise clients regarding the expected profitability of any trading order or on tax consequences. The Client is solely responsible for making their own independent appraisal of risks.
9. Dormant Account Fee
A dormancy/inactive account fee of $865 is assessed to all accounts that are coded dormant/inactive. An account is considered dormant/inactive if it has had no trading activity for a period of 30 calendar days.
The inactive account fee is assessed monthly until the account is reactivated or closed. To avoid an inactive account fee, you must complete at least one trade every 30 calendar days.
10. Termination
We may suspend and/or terminate your account or use of this Site at any time, for any reason. Either party may terminate this Agreement by giving ten days written notice. Upon termination, all amounts payable by either party will become immediately due.
We reserve the right to change, suspend, or discontinue all or any aspect of this Site at any time without notice.
11. Governing Law
These Terms of Service will be governed by and construed in accordance with the laws of Saint Vincent and the Grenadines. Any disputes arising therefrom shall be brought before the courts of Saint Vincent and the Grenadines, which shall have exclusive jurisdiction.
12. Contact Us
If you have questions about these Terms of Service, please contact us:
GoldStockEX Inc.Email: [email protected]
Website: goldstockex.com