a& Capital Legal Information

Site T&C

Terms and Conditions Important Notices: Please read carefully

A and Capital Ltd offers an execution-only service under these terms and conditions. Trading in Forex and CFDs involves significant risk due to the complex nature of these instruments and the leverage involved. You should assess your understanding of how Forex and CFDs work, and whether you are in a financial position to bear the high risk of substantial losses, ensuring you have the necessary risk appetite. Our website features a risk warning disclosure that provides a detailed explanation of the risks associated with our transactions, which you should fully understand prior to opening or closing a position with us.

IMPORTANT SUMMARY

The terms and conditions herein (the “Terms”) constitute the agreement between you and A and Capital Ltd regarding the provision of our Services. These Terms specifically govern each transaction you initiate or conclude with us.

A current and definitive version of these Terms, which may be amended, restated, or supplemented periodically, is accessible on our website. Not everyone is suited for trading in our Products. We believe that only individuals who can withstand a 100% loss of their invested funds and possess a high tolerance for risk should engage in trading our Products.

RISKS

The value of the financial instruments underlying your exposure through a CFD or another Product may vary. It's crucial that you understand the risks involved in trading our Products and seek independent advice if necessary.

Our Products are leveraged, hence they present a higher risk compared to direct investments in the underlying financial instruments (like standard share trading). Our Products might not be suitable for all clients. A more comprehensive discussion of the risks associated with our Products is available in our Risk Warning Disclosure.

Trading our Products does not afford you any interest in the underlying financial instruments.

Engaging in our Products trading doesn’t grant you rights to the underlying financial instruments, as a CFD reflects a notional value. For instance, trading a share CFD does not confer interest in or ownership rights to the underlying share.

Your trades with us are not executed on an exchange or a market. We serve as the counterparty to your Position, rendering your Positions notional and non-transferable.

You are responsible for your decisions

We operate solely as an execution service provider. We do not offer advice or management for your Positions, portfolio, or trading strategy. It is up to you, or an independent advisor, to decide whether to open or close a Position.

You must act on your own behalf

We will interact with you as a principal, not as an agent for someone else. This means we consider you our client, and the funds in your account as solely yours, making you solely responsible for fulfilling your obligations under each Position you take.

If you act for or on behalf of another person, without disclosing their identity to us, we will not recognize that individual as our indirect client nor will we owe them any obligations. Moreover, if someone else manages your account, we may terminate these Terms or close any open Positions without prior notice.

Complaints

We take complaints very seriously and have established internal protocols to address them promptly and fairly. Should you wish to file a complaint, please do so in writing using the contact methods provided below. We commit to investigating and resolving your complaint within forty days. Our website contains detailed information on our complaint handling process.

Market Abuse

Trading with A and Capital Ltd may subject you to various market abuse regulations. As such, you must avoid any trading activity that could constitute Market Abuse.

Should you engage in trading considered to be improper, we reserve the right to nullify or cancel your Positions, close your trading accounts, terminate these Terms, confiscate any improperly obtained profits, or take any other actions deemed appropriate.

This section provides a summary of key terms defining our relationship with you. It is not exhaustive and should not be solely relied upon for deciding to engage in a contract or initiate or conclude a transaction with us. It is imperative that you read and understand these Terms in their entirety before acceptance.

OPENING AN ACCOUNT WITH A and Capital Ltd 1.1 Client Acceptance Process

The process of welcoming new clients involves a series of evaluations to determine the appropriateness of your application to join us as a client. We hold the discretion to decline any application without the obligation to provide a rationale.

1.2 Our Relationship Framework

1.2.1 Our interaction with you is structured around these Terms, our Policies, and the application you submit for our Services.

1.2.2 Together, the Terms, your application, and our Policies form a comprehensive Client Agreement, outlining the complete terms of our service provision. These Terms override any previous agreements related to the Services. We urge you to thoroughly understand the Client Agreement terms, which are accessible online on our website.

1.2.3 These Terms take effect upon the later of your acceptance or when we initiate your Account, and will remain in effect until terminated as described under 'Event of Default and Termination'.

1.3 Client Categorization

1.3.1 We classify clients as Ordinary Investors, Professional Investors, or Counterparties based on required information, informing you of your category post-assessment. Annual confirmations of unchanged classification data are expected, with immediate updates required upon any change.

1.3.2 Eligibility criteria determine your classification as a Professional Investor or Counterparty.

Ineligible clients are classified as Ordinary Investors. Professional Clients or Counterparties may request reclassification as Ordinary Investors under special circumstances.

1.3.3 Professional Investors must inform us immediately if they no longer meet the eligibility criteria as per the Comoros Rulebook.

1.3.4 Being classified as a Professional Investor or Counterparty implies certain protections applicable to Ordinary Investors will not be extended as per relevant regulations.

1.4 KYC and CDD Protocols

1.4.1 We conduct KYC and CDD checks before and during the tenure of your Account in line with regulatory and internal requirements, expecting your prompt cooperation.

1.4.2 You consent to our use of third-party services for verifying provided details.

Should a third party introduce you to us, you acknowledge that:

• Our service provision is strictly execution-only;

• We bear no responsibility for any third party's conduct or advice;

• We are not obligated to verify a third party's legal or regulatory standing;

• We may compensate third parties for your trading activities, with terms agreed upon periodically;

• Unless stated otherwise, third parties act independently, not as our agents or representatives, and cannot make statements on our behalf.

1.6 Authorizing a Third Party

1.6.1 Appointing an Authorized Third Party involves a formal letter and limited power of attorney, adhering to our acceptable format and the Comoros, forming part of these Terms.

1.6.2 Choosing an Authorized Third Party is at your own risk, with you remaining accountable for their actions or inactions.

1.7 Account Security

1.7.1 You are responsible for maintaining the confidentiality of your Security Information, with a strict no-sharing policy.

OUR SERVICES 2.1 Business Model Overview

2.1.1 We operate on an execution-only basis without advising on Position merits, timing, financial movements, or their tax implications, nor do we manage services.

2.1.2 As a straight-through processing broker, we provide quotes from our Liquidity Providers, which represent our readiness to transact, subject to certain conditions.

2.1.3 Quotes are indicative and not offers for Position transactions.

2.1.4 We do not provide:

(a) Position merit advice; (b) Position recommendations; (c) Investment or tax advice.

Any information or analysis from us should not be seen as advice or endorsement.

2.1.5 Information provided does not imply suitability or appropriateness of any investment decision.

2.1.6 You are expected to independently assess the risks of any Position or investment strategy.

2.1.7 Our service does not establish a fiduciary duty unless explicitly agreed in writing.

2.2 Investment Services

We facilitate brokerage trading in over-the-counter derivatives and spot market currencies.

2.3 Product Portfolio

Our Product offerings are periodically updated on our website, subject to our discretion and Policies.

2.4 Service and Product Communications

We may proactively discuss our Services and Products with you, including trading recommendations and market commentary, through various channels without a prior invitation

EXECUTING TRANSACTIONS WITH A and Capital Ltd 3.1 Transaction Overview

3.1.1 Initiating or concluding a transaction with us, through either a purchase or sale, involves placing an order at the specified quote.

3.1.2 Quotes are determined by:

(a) the bid and ask prices of the relevant instrument in the underlying market; or

(b) the bid and ask prices available on our trading platform.

3.1.3 Quotes we provide are momentary and subject to shifts based on market dynamics, affecting the costs associated with initiating or concluding transactions.

3.2 Order Submission

3.2.1 Orders can be submitted electronically via our trading platform, unless indicated otherwise for alternative submission methods.

3.2.2 Receipt of an order by us is a prerequisite for action; we are not liable for delays or failures in order reception.

3.3 Order Acceptance Discretion

We reserve the right to decline orders without obligation for explanation, aiming to inform you promptly if such a decision is made, without bearing liability for any resulting expenses or losses.

3.4 Order Modification

Amending or withdrawing an order is subject to our approval.

3.5 Order Cancellation

Cancellation requests for orders are honored only if the order has not yet been executed.

3.6 Handling Orders

3.6.1 Our commitment to executing orders is guided by our Order Execution Policy, available for review on our website and incorporated into these Terms.

3.6.2 While striving for prompt order execution, we cannot guarantee execution timing or adherence to your specified instructions. Orders are executed during the respective market's operational hours, with orders placed outside these times addressed as soon as possible upon market reopening.

3.6.2 Order aggregation allows us to combine your order with others for execution, potentially affecting the execution price.

3.7 Order Authorization

3.7.1 You empower us to act on orders provided through approved channels including our platform and direct communication methods.

3.7.2 You agree to:

(a) absolve us from losses arising from executing your orders;

(b) assume risk for platform-based orders and indemnify us against unauthorized or fraudulent instructions;

(c) indemnify us against liabilities from acting, delaying, or refusing to act on your orders.

3.7.3 We reserve the right to disregard orders if suspected of exceeding authority, breaching regulations or terms, with discretionary actions available for suspect orders.

3.8 Order Management

We may impose limits or controls on order placement, adjustable in accordance with regulatory requirements and our policies.

3.9 Market and Position Limits

Position limits may be enforced by markets or us, with discretionary authority to adjust your open positions to comply with these limits.

3.10 Trading Terms

Your trading relationship is governed by market terms, regulations, our policies, and mutually agreed terms.

3.11 Market Adjustments

Actions taken by markets affecting positions may prompt us to take necessary measures to mitigate losses, with such actions being binding on you.

3.12 Regulatory Compliance

Actions by authorities affecting our relationship or positions will lead to necessary measures on our part, with your cooperation expected in any related inquiries.

3.13 Confirmations and Statements

3.13.1 Daily confirmations detail transactions, with your responsibility to report discrepancies. Account statements provide a snapshot of your trading activities and financial standing.

3.13.2 Disputes over account statements must be raised within 30 days, handled by our Compliance Department.

3.14 Market Integrity

Suspected manipulation or market abuse on your part may lead to voiding positions, withholding funds, account suspension, or termination, among other actions.

3.15 Anti-Money Laundering Compliance

You affirm compliance with anti-money laundering laws and certify the legality of funds used in transactions.

3.16 Dormant Accounts

Accounts inactive for 3 years may be deemed dormant, with reactivation or closure procedures outlined by applicable regulations.

ACCOUNT EQUITY, MARGIN USAGE, AND LEVERAGE EXPLAINED

4.1 Account Balance, Equity, and Margins

4.1.1 Your account balance reflects the sum of funds, including any realized profits or losses from closed positions. Equity, then, is the combination of your account balance and any unrealized profits or losses from currently open positions.

4.1.2 The margin is a portion of your equity set aside to secure open positions. It remains part of your equity and is not separately deducted.

4.1.3 Margins are earmarked and cannot be used for opening additional positions or withdrawals.

4.1.4 Free margin refers to the equity not tied up as margin. This can be used to open new positions or withdrawn.

4.1.5 You are obligated to maintain the necessary margin levels for your positions without prompt from us. We reserve the right to set margin requirements at our discretion, considering factors such as market conditions, your account equity, trading history, and the volatility of the products you trade.

4.2 Margin Calls and Automatic Position Closure

4.2.1 A margin call is triggered if your equity drops to or below 100% of the margin requirement.

4.2.2 Should your equity decrease to or below 30% (or another percentage we specify) of the margin, an automatic stop-out will occur, closing some or all open positions to restore your equity above the required level. The system prioritizes closing positions with the largest losses first.

4.2.3 To address a margin call, you can close positions, deposit funds, or a combination of both.

4.2.4 We aim to notify you of margin calls immediately, barring system issues. Monitoring your account to ensure compliance with margin requirements is your responsibility.

4.3 Understanding Leverage

4.3.1 Leverage allows you to open positions larger than your margin contribution. We finance the difference, magnifying both potential profits and losses.

4.3.2 Leverage ratios, such as 50:1 or 200:1, indicate how much larger than the margin your position can be. Higher leverage means lower margin requirements relative to the position's notional value.

4.3.3 The required margin is a percentage of the position's notional value, determined by us and subject to change.

4.3.4 We may adjust leverage ratios based on market conditions or your trading activity, providing notice where possible.

CHARGES AND FINANCIAL TRANSACTIONS

5.1 Understanding Charges

For details on our service charges, refer to the charges and payments section on our website, which is incorporated into these terms.

5.2 Payment Obligations

Payments due under these terms must be made promptly in the specified currency, excluding VAT. We may offset any payments due against your account funds.

5.3 Currency Conversions

For calculations, we may convert currencies at rates we determine at the time of calculation.

CLIENT FUNDS MANAGEMENT

6.1 Handling of Client Funds

6.1.1 Funds in your account are segregated from our assets in designated client money accounts.

6.1.2 We may hold your funds in a different currency than your account's, ensuring equal value in compliance with regulations.

6.1.3 Interest is not earned on client funds.

6.1.4 While responsible for client funds, we may outsource payment processing operations.

6.1.5 Deposits and withdrawals are conducted in accordance with our policies and regulations

DECLARATIONS, GUARANTEES, AND AGREEMENTS

7.1 Declarations and Guarantees

7.1.1 By agreeing to these Terms, and at every instance of placing an Order or when a Position is opened or closed, you affirm that:

(a) You possess the legal right and are fully able to enter into these Terms without being hindered by any legal restrictions or obligations.

(b) Your engagement with these Terms is driven by legitimate business intentions.

(c) You have obtained all necessary permissions, authorizations, and consents to lawfully commit to and fulfill your obligations under these Terms.

(d) You are fully authorized to execute these Terms and manage each Position accordingly.

(e) These Terms and any Position undertaken by you are legally binding and enforceable against you, not violating:

i. Any laws, regulations, court orders, or governmental directives applicable to you or your assets.

ii. Any contractual limitations affecting you or your assets.

iii. Any encumbrances or agreements to which you are a party.

(f) You independently assessed the risks of opening or closing out a Position or have sought professional advice, possessing the necessary expertise to undertake such actions.

(g) You are acting in your own interest and are the sole owner of the assets involved in these Terms and each Position.

(h) You will provide truthful and complete information regarding your financial status and other requested details, promptly informing us of any changes.

(i) You acknowledge the risks, including the potential for total loss of funds, and affirm that trading in these Products suits your investment profile.

(j) You are in full compliance with applicable laws and regulations, including tax laws, exchange control requirements, and will maintain such compliance.

(k) You will make necessary disclosures to relevant authorities as required, understanding our obligation to report certain positions to regulatory bodies.

(l) If you represent a company, it is duly incorporated and operational under the laws of its jurisdiction.

(m) If a company, you are authorized to own assets and conduct business as currently undertaken.

(n) You will maintain and fulfill any required governmental or authoritative permissions or consents as mentioned in this section.

(o) You will immediately inform us of any potential or actual default events related to you concerning these Terms.

(p) You will furnish any information or documentation we may require to verify the assertions made in this section or to comply with legal regulations.

EVENT OF DEFAULT AND CONCLUSION

8.1 Contract Termination

8.1.1 Funds you deposit (Client Money) will be held in a segregated account, separate from our assets.

8.1.2 An event of default, allowing us to terminate these Terms without a court order after a five-day notice if unrectified, includes:

(a) Failure to meet your obligations under these Terms.

(b) Denial or challenge to the validity of these Terms or actions taken by your representatives.

(c) Misrepresentation or failure to uphold a guarantee or agreement made within these Terms.

(d) Default under another agreement with us or our affiliates.

(e) A default event under any borrowing agreements indicating financial instability.

(f) Errors or ambiguities in Product pricing or information sources.

(g) Inability to complete necessary KYC, CDD, or financial source verifications.

(h) Mergers, consolidations, asset transfers to another entity, indicating a significant change in your status.

8.1.3 Immediate termination occurs under conditions of continued default or material impact on these Terms.

8.1.4 Immediate termination events include insolvency, bankruptcy, death, unlawful trading activities, significant adverse effects on obligations, illegality due to regulatory changes, market disruptions, delisting, and tax-related events.

8.2 Liquidation and Payment

Upon termination, a specified liquidation date will be set for closing and settling all open Positions. We reserve the right to offset any due amounts with your account funds.

8.3 Continuation of Rights

Rights and obligations under specific sections will persist post-termination, ensuring the completion of initiated Services and preservation of accrued rights.

8.4 Surviving Clauses

Sections concerning exclusions, limitations, indemnity, miscellaneous provisions, and governing law will remain effective beyond the termination of these Terms.

8.5 Acknowledgment of Rights

Termination does not affect the rights to fulfill ongoing Services or instructions, nor does it impact previously accrued rights or commitments.

LIMITATIONS OF LIABILITY AND YOUR RESPONSIBILITIES

9.1 Limitation of Liability

9.1.1 Within the scope allowed by law, neither we nor our directors, officers, employees, or affiliates shall be held liable for any losses, damages, costs, or expenses incurred by you, directly or indirectly related to our agreement or the liquidation of your positions, regardless of whether such losses were foreseeable, except in cases of our fraud.

9.1.2 We are not responsible for any special, consequential, or lost profit damages that you or any third party might suffer in relation to our agreement, including errors on your part or misinterpretations of your instructions.

9.1.3 Our liability for death or personal injury caused by our negligence remains unaffected by these terms.

9.1.4 These limitations apply even after the termination of our agreement.

9.2 Tax Considerations

We are not liable for any tax implications that may arise from your transactions.

9.3 Market Delays

We bear no liability for losses caused by market delays or changes prior to the execution of your orders.

9.4 Force Majeure

9.4.1 We are not liable for non-performance caused by circumstances beyond our control. This does not negate our obligations under applicable laws which cannot be excluded.

9.4.2 We will attempt to resolve any Force Majeure situations as quickly as possible to minimize disruption.

9.5 Indemnification

9.5.1 You will compensate us for any losses, liabilities, or costs we incur related to your account, positions, or due to your misrepresentations or failure to fulfill your obligations, including legal fees.

9.5.2 This indemnification does not limit any responsibilities we may have under the Comoros Rulebook.

9.6 Independence of Information

You acknowledge that your decision to enter into our agreement was not based on any representations outside those expressly made in this agreement.

DATA HANDLING AND PRIVACY

10.1 Personal Data Use

10.1.1 In providing our services, we will handle personal information related to our clients, their family, or associates.

10.1.2 We adhere to data protection laws, ensuring personal information is only used as necessary and kept no longer than needed.

10.1.3 Personal data may be used for service provision, fraud prevention, regulatory disclosures, marketing, and communication, as permitted by law.

10.1.4 International data transfers may occur to affiliates in countries with different data protection standards.

10.1.5 By agreeing to these terms, you consent to our data handling practices and confirm you have obtained consent from individuals whose data you provide.

10.1.6 Individuals have rights to access their data and correct inaccuracies, subject to a possible fee and identity verification.

10.2 Regulatory Disclosure

We may need to publicly disclose certain position information as required by law, waiving confidentiality for such disclosed information.

10.3 Reporting to You

We will provide regular reports on our service performance, including costs and charges, as required by regulations.

GENERAL TERMS AND LEGAL JURISDICTION

11.1 Language of Communication

All communications and documentation related to these Terms will be in English. Should any documents be translated into other languages for informational purposes, the English version will take precedence in case of discrepancies.

11.2 Regulatory Compliance

11.2.1 These Terms are governed by applicable laws and regulations, which are binding for both parties.

11.2.2 Nothing within these Terms limits or excludes our obligations towards you under these laws and regulations.

11.2.3 We reserve the right to take any actions deemed necessary to ensure compliance with these legal obligations. Our compliance actions or inactions will not make us liable, unless directly resulting from our fraud.

11.3 Amendments to Terms

11.3.1 We may revise these Terms as needed, with updates posted on our website. Any changes may require your explicit consent for continued service. Changes will not retroactively affect existing orders or positions without your agreement.

11.3.2 Regulatory or legal requirements may also necessitate amendments to these Terms, for which we will provide notice within 30 days.

11.4 Notification Procedures

Communications from us will be sent to your registered email address and are considered effective upon dispatch. You are responsible for notifying us of any changes to your contact details to ensure continued receipt of our communications.

11.5 Engaging with Us

For official communications, you may contact us via email or other electronic means. The specific email address and our website details for contact are provided for ease of communication. 11.6 Digital Communication

Electronic signatures and communications are binding. Electronic acceptance of documents, including these Terms, is considered valid consent.

11.7 Policy Integration

Our Policies form part of your agreement with us. By accepting these Terms, you acknowledge and agree to these Policies.

11.8 Handling Complaints

We follow a structured process for addressing complaints, in line with our Complaints Handling Policy. Complaints can be submitted through various channels, with acknowledgment provided within three business days.

11.9 Managing Conflicts of Interest

We have a policy to identify and manage potential conflicts of interest. This policy ensures our interests or those of our affiliates do not unfairly impact you.

11.10 Complete Agreement

These Terms supersede any prior agreements and constitute the full agreement between us regarding the services provided.

11.11 Assignment and Delegation

You may not transfer your rights under these Terms without our consent. We may delegate obligations to third parties but will remain responsible for our obligations to you.

11.12 Joint Responsibilities

For joint accounts or multiple parties, the liability and obligations under these Terms are shared and binding upon all parties.

11.13 Confidentiality Commitment

Both parties commit to maintaining the confidentiality of sensitive information, with certain exceptions for legal or regulatory requirements.

11.14 Legal Remedies and Rights

Our legal rights and remedies outlined in these Terms are in addition to any others provided by law. Failure to enforce these rights does not constitute a waiver.

11.15 Financial Reconciliation

We reserve the right to offset any amounts owed by you against your account balances.

11.16 Severability

Should any part of these Terms be deemed unlawful or unenforceable, it will not affect the validity of the remaining sections.

11.17 Communication Recording

For compliance and quality purposes, our communications may be recorded. These recordings are our property and can be used as evidence if needed.

11.18 Record Keeping

You are responsible for maintaining records as required by law. We may provide records upon request but are not obligated to maintain them on your behalf.

11.19 Legal Cooperation

In legal matters related to these Terms, you agree to cooperate fully with us in any proceedings.

11.20 Governing Law

These Terms are governed by the laws of the Comoros, except for positions subject to specific market rules.

11.21 Dispute Resolution

Disputes will be resolved through arbitration in Comoros, with proceedings conducted in English. The arbitration decision is final and binding.

11.22 Legal Service

Legal documents may be served to your last known address, in accordance with the laws of the jurisdiction.

These provisions outline the framework for our engagement, emphasizing compliance, clear communication, and mutual responsibilities.

TERMS DEFINED

12.1 Glossary of Terms

Within these Terms, the terms listed below are defined as follows:

• Account: A trading account established with us to manage Positions.

• Account Statement: A daily report detailing transactions and balances for each Account, communicated by us.

• Affiliate: Entities related by control to a person, where "control" signifies ownership of over 50% interest or decisive influence over management decisions.

• Applicable Regulations: Includes all relevant laws, regulations, rules, and directives governing our operations and your activities, including but not limited to the Comoros Rulebook, anti-money laundering statutes, and other financial and trading regulations.

• Authorized Third Party: An individual appointed by you, under a formal agreement, to manage your Account within agreed limits.

• Auto-Stop-Out: The automatic closing of Positions when Equity falls below a predefined percentage of the Margin.

• Balance: The total monetary value in your Account, including realized profits or losses.

• Business Day: Any day that is not a Saturday or Sunday and on which banks are open for business.

• CFD (Contract for Difference): A financial contract paying the differences in the settlement price between the open and closing trades.

• Complaints Handling Policy: Our formal procedure for addressing client complaints, accessible on our Website.

• Conflicts of Interest Policy: Our strategy for identifying and managing potential conflicts of interest, available on our Website.

• CDD (Customer Due Diligence) / KYC (Know Your Customer): Verification processes for identifying and verifying client identities, business activities, and financial sources as per regulatory requirements.

• Counterparty: Defined under the Comoros Rulebook, typically involving financial transactions.

• Electronic Trading Services: Digital platforms or services provided by us or third-parties for trading, market access, or information dissemination.

• Equity: The value of your Account, combining your Balance with unrealized profits or losses from open Positions.

• Force Majeure: Events beyond our control that prevent us from fulfilling our obligations.

• Forex: Short for foreign exchange, involving the trading of currencies on a rolling spot basis.

• Free Margin: The portion of Equity not used as Margin, available for opening new Positions or withdrawal.

• Insider Dealing: Trading based on confidential information that could significantly affect prices if made public.

• Liquidity Provider: Financial institutions offering bid and offer prices for our Products.

• Market: Any regulated exchange, clearinghouse, or trading facility where financial instruments are traded.

• Market Abuse: Activities like insider dealing or market manipulation that undermine market integrity.

• Margin: Funds required to open or maintain a Position.

• Margin Call: A demand for additional funds to maintain open Positions when Equity falls below required levels.

• Order: A directive to buy or sell a Product, aiming to open or close a Position.

• Order Execution Policy: Guidelines detailing how we execute client orders, available on our Website.

• Ordinary Investor: As defined in the Comoros Rulebook, typically referring to a non-professional investor.

• Platform: The software or application used for executing trades and managing Accounts.

• Policies: Our operational policies, including those on complaints handling, order execution, and conflict of interest.

• Position: An investment exposure arising from trading a Product.

• Product: Financial instruments available for trading, including Forex, CFDs, and others.

• Professional Investor: As categorized in the Comoros Rulebook, often referring to an investor with professional experience and knowledge.

• Risk Warning Disclosure: Information outlining the risks associated with trading our Products, posted on our Website.

• Rolling Daily Position: A Position that rolls over to the next business day instead of expiring. • Security Information: Credentials required to access your Account.

• Services: The execution-only trading services we provide, as detailed in section 2.2.

• Termination Date: The date a Position is closed or liquidated, as determined by us. 12.2 Headings for Convenience

Headings are provided for convenience only and do not affect the interpretation of these Terms.

12.3 Interpretation Rules

• References to legislation include amendments and re-enactments.

• References to documents include electronic versions.

• Singular references include the plural.

• References to persons include individuals, corporations, and other entities.

• "Including" is illustrative and not limiting.

These definitions and interpretation rules are integral to understanding and agreeing to these Terms, guiding our mutual obligations and services.