{"id":427,"date":"2019-11-18T13:29:16","date_gmt":"2019-11-18T13:29:16","guid":{"rendered":"https:\/\/errante.co\/?page_id=427"},"modified":"2020-02-28T13:38:42","modified_gmt":"2020-02-28T13:38:42","slug":"terms-and-conditions","status":"publish","type":"page","link":"https:\/\/errante.co\/en\/terms-and-conditions\/","title":{"rendered":"Terms\u200c \u200cand\u200c \u200cConditions\u200c \u200c"},"content":{"rendered":"\n
1.Introduction<\/strong><\/p>\n\n\n\n 2.<\/strong> Interpretation of Terms<\/strong><\/p>\n\n\n\n \u201cAgreement<\/strong>\u201d means the present Agreement,\nincluding any Appendices attached herein, as amended or replaced, from time to\ntime and as these can be found on the Website under the Legal Documentation\nsection;<\/p>\n\n\n\n Appendices\u201d <\/strong>means the [please state the legal\ndocumentation of the Company that will constitute an integral part of the Terms\n& Conditions]<\/em>, as amended from time to time, and as can be found on the\nWebsite;<\/p>\n\n\n\n \u201cAsk\u201d <\/strong>means the buying price of a financial instrument;<\/p>\n\n\n\n \u201cAccess Code\u201d <\/strong>means the username and password given by the\nCompany to the Client for accessing the Trading Platform;<\/p>\n\n\n\n \u201cBid\u201d <\/strong>means the selling price of a financial instrument;<\/p>\n\n\n\n \u201cBalance\u201d <\/strong>means the sum on the Client\u2019s Trading Account after\nthe last transaction made within any period of time; deposits minus withdrawals\nand realized profit & loss;<\/p>\n\n\n\n \u201cBalance Currency<\/strong>\u201d means the monetary unit\nin which all balances, commission fees and payments of the Client\u2019s Trading\nAccount are nominated and calculated;<\/p>\n\n\n\n \u201cBase Currency<\/strong>\u201d means the first currency in\nCurrency Pair;<\/p>\n\n\n\n \u201cClient\u201d <\/strong>means any natural or legal person, accepted by the\nCompany as its client, that has agreed to the present Agreement, as amended or\nreplace from time to time, and to whom Services will be provided by the Company\nin accordance with the terms and conditions of this Agreement;<\/p>\n\n\n\n \u201cContract for Differences\u201d (\u2018CFD\u2019)<\/strong> means a tradeable contract entered into\nbetween the Client and the Company, who exchange the difference in the value of\nan instrument, as specified on the Trading Platform at the time of opening a\ntransaction, and the value of that instrument at the contract\u2019s end;<\/p>\n\n\n\n \u201cContract Specifications\u201d <\/strong>means each lot size, or each type of the Financial\nInstruments offered by the Company as well as all necessary trading information\nconcerning spreads, margin requirements etc., as determined in the Website\nand\/or the Trading Platform;<\/p>\n\n\n\n \u201cDurable Medium\u201d <\/strong>means any instrument, which enables the Client to\nstore information addressed personally to the Client, in a way accessible for\nfuture reference and for a period of time adequate for the purposes of the\ninformation and which allows the unchanged reproductions of the information\nstored;<\/p>\n\n\n\n \u201cEquity\u201d <\/strong>means the balance plus\/minus any profit\/loss that derives\nfrom any open positions;<\/p>\n\n\n\n \u201cExecution\u201d <\/strong>means the execution of Client\u2019s order(s) by the\nCompany acting as the Client\u2019s counterparty as per the terms of this Agreement;<\/p>\n\n\n\n \u201c<\/strong>Execution Venues\u201d <\/strong>are the\nlocations (with or without a physical presence) such as regulated markets,\nmultilateral trading facilities, organized trading facilities, systematic\ninternalizes, market makers, liquidity providers or any other entity that\nperforms a similar function in a third country to the functions performed by\nany of the foregoing. For the purpose of transmitting orders for execution, the\nCompany acts as an agent on behalf of the Client. In that respect, the\nCompany might disclose the client details to the execution venue in case of\ndisputes related to trading issues.<\/p>\n\n\n\n \u201cFinancial Instruments\u201d <\/strong>means the Financial Instruments as per\nSection 5 <\/em>of this Agreement that are available for trading\nwith the Company;<\/p>\n\n\n\n \u201cInvestment and Ancillary\nServices\u201d <\/strong>means the investment services and\nancillary services as per Section 6 <\/em>of this Agreement;<\/p>\n\n\n\n \u201cForce Majeure\u201d<\/strong> events shall include, without limitation, any\ntechnical difficulties such as telecommunications failures or disruptions,\nnon-availability of the Website, e.g. due to maintenance downtime, declared or\nimminent war, revolt, civil unrest, catastrophes of nature, statutory\nprovisions, measures taken by authorities, strikes, lock-outs, boycotts, or\nblockades, notwithstanding that the Company is a party to the conflict and\nincluding cases where only part of the Company\u2019s functions are affected by such\nevents;<\/p>\n\n\n\n \u201cInactive Trading Account<\/strong>\u201d means any\nClient\u2019s Trading Account in which the Client did not open any position(s)\nand\/or close any position(s) and\/or kept on hold any open position(s) for a\nperiod of 3 months;<\/p>\n\n\n\n \u201cKYC Documentation<\/strong>\u201d means\ndocumentation\/evidence that represent the Client\u2019s personal details in regards\nto his\/her identity and residence, including without limitation, the Client\u2019s\npassport and utility bill;<\/p>\n\n\n\n \u201cLot\u201d<\/strong> means a unit measuring the transaction\namount, equalling to 100,000 of base currency (i.e. 1 lot = 100,000 of base\ncurrency in the case of a CFD on currency pairs);<\/p>\n\n\n\n \u201cMargin\u201d<\/strong> means the necessary guarantee funds to open\npositions, as determined in the contract specification;<\/p>\n\n\n\n \u201cMargin Level\u201d <\/strong>means the minimum amount of equity a Client needs\nto maintain an open position which is calculated as Equity\/ Margin;<\/p>\n\n\n\n \u201cMarket\u201d <\/strong>means the market on which the Financial Instruments\nare subject to and\/or traded on, whether this market is organised\/regulated or\nnot, irrespective of the market\u2019s jurisdiction;<\/p>\n\n\n\n \u201cOpen Position<\/strong>\u201d means the deal of purchase (sale) not covered by\nthe opposite sale (purchase) of the contract;<\/p>\n\n\n\n \u201cOperating (Trading) Time\u201d <\/strong>means the period within a business week, where the\ntrading terminal or platform of the Company provides the opportunity of trading\noperations with financial instruments. The Company reserves the right to alter\nthis period as fit, upon notification to the Client;<\/p>\n\n\n\n \u201cOrder<\/strong>\u201d means the request for the\ntransaction execution;<\/p>\n\n\n\n \u201cParty<\/strong>\u201d or \u201cParties<\/strong>\u201d means the\nCompany, or the Client referred to individually as a \u201cParty\u201d and collectively\nas the \u201cParties\u201d;<\/p>\n\n\n\n \u201cPending Order<\/strong>\u201d means either a buy stop or sell stop or buy limit\nor sell limit order;<\/p>\n\n\n\n \u201cPower of Attorney<\/strong>\u201d means the power to\nauthorize a third party to act on behalf of the Client in the specified\nbusiness relationship with the Company;<\/p>\n\n\n\n \u201cPrices\u201d <\/strong>means the prices offered to the Client for each\ntransaction which may be changed without prior notice;<\/p>\n\n\n\n \u201cRegistration Form\u201d <\/strong>means the application form completed by the Client\nto apply for the Company\u2019s Services under this Agreement;<\/p>\n\n\n\n \u201cServices<\/strong>\u201d means the services to be offered\nby the Company to the Client under this Agreement, as set out in Section 6of\nthe Agreement;<\/p>\n\n\n\n \u201cSpread<\/strong>\u201d means the difference between the\npurchase price Ask (rate) and the sale price Bid (rate) of the financial\ninstruments at the same moment;<\/p>\n\n\n\n \u201cStop Out Level<\/strong>\u201d means such condition of\naccount when the open positions are forcedly closed by the Company at current\nprices;<\/p>\n\n\n\n \u201cStop Loss<\/strong>\u201d means a pending order that is\nattached to an open position or another pending order for closing the position,\nusually with a loss;<\/p>\n\n\n\n \u201cTake Profit<\/strong>\u201d means any pending order that\nis attached to an open position or another pending order for closing the\nposition, usually with a profit;<\/p>\n\n\n\n \u201cTrading Platform<\/strong>\u201d means the electronic\nmechanism operated and maintained by the Company, consisting of a trading\nplatform, computer devices, software, databases, telecommunication hardware,\nprograms and technical facilities, which facilitates trading activity of the\nClient in Financial Instruments via the Client\u2019s Trading Account;<\/p>\n\n\n\n \u201cTrading Account(s)\u201d <\/strong>means unique personified register (account) of all\nthe transactions\/operations on the Trading Platform of the Company;<\/p>\n\n\n\n \u201cTransaction<\/strong>\u201d means any type of transaction\neffected in the Client\u2019s Trading Account, including but not limited to the\nopening or closing of any offer to either Buy or Sell a Financial Instrument\neffected in the Client\u2019s trading account. The Company executes Clients\u2019 orders\nas the principal to the transaction, and is always the counterparty in the\ntransaction;<\/p>\n\n\n\n \u201cUnderlying Asset<\/strong>\u201d means the financial\ninstrument (e.g. stock, futures, commodity, currency, index) on which a\nderivative\u2019s price is based;<\/p>\n\n\n\n \u201cUnderlying Market<\/strong>\u201d means the relevant market\nwhere the Underlying Asset of a CFD is traded;<\/p>\n\n\n\n \u201cWebsite\u201d <\/strong>means the Company\u2019s website at\nwww.errante.co or such other website(s) as the Company may maintain from\ntime to time.<\/p>\n\n\n\n 3. Client Application, Verification and Acceptance<\/strong><\/p>\n\n\n\n 4. Applications<\/strong><\/p>\n\n\n\n 5. Clients\u2019 Funds and Financial Instruments<\/strong><\/p>\n\n\n\n 6. Services<\/strong><\/p>\n\n\n\n 7. Execution of Orders<\/strong><\/p>\n\n\n\n 8. Corporate Actions regarding CFDs on Shares \/ Indices<\/strong><\/p>\n\n\n\n 9. General Information on the Main Risks involved with Trading<\/strong><\/p>\n\n\n\n 10. Electronic Trading<\/strong><\/p>\n\n\n\n 11. Refusal to Execute Orders<\/strong><\/p>\n\n\n\n 12. Deposits and Withdrawals<\/strong><\/p>\n\n\n\n 13. Confidentiality and Data Protection<\/strong><\/p>\n\n\n\n 14. Company\u2019s Fees and relevant Obligations of the Client<\/strong><\/p>\n\n\n\n 15. Limitation of Liability<\/strong><\/p>\n\n\n\n 16. Clients\u2019 Guarantees<\/strong><\/p>\n\n\n\n 17. Indemnity<\/strong><\/p>\n\n\n\n 18. Termination of the Agreement<\/strong><\/p>\n\n\n\n 19. Information provided by Third Parties<\/strong><\/p>\n\n\n\n 20. Communication Methods<\/strong><\/p>\n\n\n\n 21. Bonus \u2013 Trading Benefits<\/strong><\/p>\n\n\n\n 22. Handling of Complaints<\/strong><\/p>\n\n\n\n 23. Applicable Law and Jurisdiction<\/strong><\/p>\n\n\n\n 24. General Provisions<\/strong><\/p>\n\n\n\n