The Services We Will Provide
We will adhere to the rules and regulations set forth by the relevant regulatory
authorities and provide you with an execution-only dealing service in foreign
exchange and contracts for differences, encompassing underlying assets such as
precious metals, energies, indices, shares, and cryptocurrency ('Contracts') offered by
LUCKY ANT TRADING LIMITED
Both LUCKY ANT TRADING LIMITED and the Client will act as principals in the entered contracts. You, as the Client, assume direct and personal
responsibility for fulfilling obligations in every transaction, whether dealing directly or through an agent, or as an agent for another person. You agree to indemnify us
for any liabilities, losses, or costs arising from any failure on your part to fulfill such obligations.
All orders and instructions provided by you for the services are subject to these terms. Any additional terms introduced by you through orders, order confirmations, or similar
means are excluded. Services may involve margined transactions, where the Client
must deposit cash to secure performance of their obligations under the contract. The
Client acknowledges that all transactions are subject to and comply with the prevailing
Market Rules, which typically include broad powers in emergency or undesirable
situations.
We reserve the right to amend, suspend, and/or terminate any or all services at any
time for valid reasons. While we will strive to provide advance notice whenever
possible, this may not always be practical due to business reasons.
Execution
LUCKY ANT TRADING LIMITED will exclusively provide an execution-only dealing service, refraining from
offering investment advice. The execution of a Contract with you does not imply any
recommendation or endorsement by LUCKY ANT TRADING LIMITED regarding the merits or suitability of
the Contract for you. Additionally, LUCKY ANT TRADING LIMITED does not provide trading or market
recommendations, advice, or instructions in its communications.
Credit
Details regarding any available credit arrangement will be outlined in and subject to
the terms, conditions, and limits agreed upon in separate correspondence. Your credit
limit should not surpass the total amount you are willing and financially able to risk. If
any Contracts exceed the designated credit or other limits, we may terminate some or
all contracts under Term 4 to bring your liability back within the credit limit. At our
absolute discretion, we may consider extending additional credit in the event of a
margin call. However, the availability and suitability of such credit will be contingent
upon a reassessment of your financial circumstances.
Margining Arrangements
The client is obligated to promptly pay to LUCKY ANT TRADING LIMITED upon demand:
- Sums of money as deposits, initial margin, or variation margin as deemed
necessary by LUCKY ANT TRADING LIMITED.
- Amounts due under a contract and any sums required for clearing any debit
- Sums of money requested by LUCKY ANT TRADING LIMITED as security for the client's
obligations.
Margin payments may be required to cover potential losses in adverse market
movements. Our determination of the current market value and the amount of
additional and/or variation margin shall be final and not subject to challenge by the
client. Margin calls may be communicated through various means (telephone, fax, or
email). If delivered via email, it will be sent to your designated email address and may
not be confirmed by telephone, fax, or letter unless exceptional circumstances
warrant it, at our absolute discretion.
We do not accept third-party payments for funding your account, and likewise, we will
not disburse funds from your account to any third parties. Failure to provide any required margin, deposit, or other sums may result in the
closure of all open contracts by LUCKY ANT TRADING LIMITED without prior notice.
Charges and Commissions
We will mutually agree with you on the commission amount before entering into any
contract, and this will be detailed on the statement provided to you. Commission rates
will be based on prevailing rates at the time. Please note that commissions and
charges are subject to change without prior notice. Additionally, we may have soft
commission agreements in place, and these will be implemented in line with
commercial efficiency and market practices, adhering to our policy.
Interest/Rollover
No interest will be credited for any monies held on account or used for margin
payments. These funds will be maintained in a client bank account. A finance fee may
be charged or credited to your account based on the nature of your open positions,
the relevant contract, and the prevailing interest rates. Upon opening a contract
position, we will calculate the interest that would be earned on the funds required to
initiate the corresponding position in the underlying investment, at a rate
communicated to you in writing. The interest amount will be calculated and accrue on
a daily basis as long as your contract position remains open.
Position Limit
LUCKY ANT TRADING LIMITED retains the right to restrict the number of positions that the client can
open or maintain in their account. We also reserve the right to refuse the acceptance
of any additional orders once the limit has been surpassed, and we may liquidate all
or part of the positions that exceed the limit thereafter.
Exclusion of Liability
No claims shall be made against LUCKY ANT TRADING LIMITED, any associated company, or any
employee, to recover any loss or damage incurred due to the fulfillment of our
obligations under this agreement. This provision applies, provided that such loss or
damage does not result from the negligence or willful default of LUCKY ANT TRADING LIMITED, its
associates, or employees.
Authorisation & Other Communications
Unless you expressly instruct us otherwise, we reserve the right to rely on and act in
accordance with any instructions, requests, and notices, whether in writing or
communicated in any other form, given or purported to be given by any individual or
person reasonably believed by us to be an agent, attorney, or otherwise authorized by you. In our absolute discretion and without explanation to you, we may refuse to act
upon any instruction, particularly if we believe it may not be practical or if acting on the
instruction would, in our opinion, violate any law, rule, regulation, or condition of this
agreement. In the case of instructions received from an agent, we may refuse if we
reasonably believe that the agent may be acting beyond their authority.
Additional dealing procedures may be provided by us to you from time to time none of
which form part of this agreement.
If, at any time, you are unable to communicate with us for any reason, we shall not be
responsible for any loss, damage, or cost caused to you due to any act, error, delay, or omission resulting from your inability to enter into a transaction. We will not be
responsible for any loss, damage, or cost caused to you by any act, error, or omission
or delay, including your inability to close a transaction, except where such inability
results from our fraud, willful default, or gross negligence.
You acknowledge and agree that any instruction or communication transmitted by you
or on your behalf is at your own risk. You authorize us to rely on and act upon any
instruction, whether in writing or not, that we believe in good faith to have been given
by you or on your behalf by any agent or intermediary whom we believe in good faith
to have been duly authorized by you.
You also agree that we may record all telephone conversations between you and us, and we may use such recordings or transcripts from such recordings as evidence in
any dispute or anticipated dispute between you and us.
Changes in Terms
These terms and conditions are subject to change, and we will notify you of any
changes through a written notice describing the relevant modifications. Such changes
will become effective on a date specified in the notice, which will be at least 10 days
after the date on which the notice is deemed to be received by you. Any such change
will not affect any legal rights or obligations that may have previously accrued to or
been incurred by you or us.
Stop and Limit Orders
We may in our absolute discretion accept an instruction (a “stop order” or “limit order”)
from you to open or close any Contract when our quote in respect of the relevant
investment, or (as the case may be) an underlying market quotation relating thereto, reaches or goes beyond a level specified by you. You may specify that such an
instruction is to apply for a limited duration or for an indefinite period (a “Good Till Cancelled” or “GTC” order). If we accept a Stop or Limit Order then, when the level of
our current quote or (as the case may be) the relevant market quotation relating
thereto reaches or goes beyond the level of your Stop or Limit Order, provided that the
conditions in this paragraph are satisfied your instruction will be executed
automatically at the level of your Stop or Limit Order.
You acknowledge that where the underlying market is moving rapidly our quote may
have gone beyond the level of your Stop or Limit Order by the time your order is
executed.Limit Order by the time your order is executed. You may with our prior
consent (and such consent will not be unreasonably withheld) cancel or amend the
level of Stop or Limit Order at any time before our quote or the relevant market
quotation reaches or goes beyond the relevant level. However, once the level has
been reached you may not cancel or amend the level of order.
If you enter into any Contract and place a Stop or Limit Order which, when executed, would be capable of closing or partly closing such Contract and you subsequently
instruct us to close that Contract, or any part of it prior to the level of the Stop or Limit
Order being reached, it is your responsibility to cancel the Stop or Limit Order if you
do not want the order to remain valid. If you close your original Contract and fail to
cancel the Stop or Limit Order we shall be entitled in our absolute discretion to treat
the Stop or Limit Order as an instruction to enter into a new Contract for you once our
quote or (as the case may be) the relevant market quotation reaches or goes beyond
the level of the Stop or Limit Order.
The conditions referred to in this paragraph are as follows :
-
When you instruct us to close part but not all of a Contract entered into, both the
part of the Contract which you instruct us to close and the part which would
remain open if we carried out your instruction must not be smaller than the
minimum size advised by us to you from time to time.
- A Force Majeure Event must not have occurred.
- When you instruct us to open a Contract you must not have committed a material
default.
- The telephone or internet conversation in which you instruct us to open or close
the Contract must not be terminated as a result of circumstances beyond our
reasonable control before we have confirmed that your instruction has been
executed by us.
- When you instruct us to open any Contract, the opening of the Contract must not
result in your exceeding any credit or other limit placed upon your dealing and
- The instruction must be given to us during normal trading hours for the
investment in respect of which you instruct us to open or close the Contract.
Single Agreement
Each Contract and all other transactions entered into between us and you under this
agreement will be entered into in consideration of each other and constitute a single
agreement between us and you.
Statement
Monthly statements of your account shall be sent by us to you via e-mail. Please
ensure that you verify the contents of each document received from us. Such
documents shall, in the absence of manifest error be conclusive unless you notify us
in writing to the contrary within three working days of receiving such documents. We normally prepare valuations of your account each working day, which we send to
you on the first working day following.
Termination
This agreement shall remain in effect until terminated by either party. LUCKY ANT TRADING LIMITED
reserves the right, at its sole discretion and at any time, to terminate this agreement, with such termination taking effect on the date on which termination notice has been
given and payments made to the Client. The Client may terminate this agreement by
providing written notice, which will be effective upon receipt of the notice or, if received
or deemed to be received on a day that is not a business day, then the first business
day thereafter. Termination will not affect any legal rights or obligations that may have
accrued. Upon termination, we will liquidate any outstanding Contracts, and the
balance in your account shall be repaid to you by T/T remittance not later than four
working days after the agreement terminates.
Notices
Any written notice, instruction, demand, acknowledgement or request to be given
hereunder or any Contract shall be in writing and (unless delivered personally) shall
be given by facsimile (fax), e-mail or first class pre-paid post (airmail if sent
internationally) and be addressed in our case to our address or e-mail address and in
your case to the address or email address last notified by you to us. If you or we wish
to change the address for communication, we shall each give to the other no less than
five days’ notice in writing of the change desired. Notices addressed as provided
above shall be deemed to have been duly given when dispatched (in the case of
e-mail and fax, when delivered (in the case of personal delivery), two (2) days after
posting (in the case of letters sent in the same country), or five (5) days after posting
(in the case of letters sent internationally), provided that notices to us shall be
effective only upon their actual receipt by us. In each of the above cases any notice
received on a non-working day or after business hours in the country of receipt shall
be deemed to be given on the next following working day in such country.
Governing Laws
The terms of this client agreement, and the rights and obligations of the clients hereto, shall be governed by, construed, and enforced in all respects by the laws of United
States. Clients, to induce LUCKY ANT TRADING LIMITED to accept these terms, and for other good and
valuable consideration, hereby agree that any judicial, administrative action, or
proceeding, including, but not limited to, arbitration arising directly or indirectly
hereunder or in connection with the transactions contemplated hereby, whether
brought by Client or LUCKY ANT TRADING LIMITED, shall be held, at the sole discretion of LUCKY ANT TRADING LIMITED, within United States. Clients consent and submit to, and waive any and all objections
Client may have to such venue, and further agree to waive and forego any right Client
may have to transfer or change the venue of any action or proceeding encompassed
hereby.
Risk Disclosure
You should not deal in these products or engage any of these services unless you
understand the nature and the exposure to risk.You should also be satisfied that the
product is suitable for you in light of your circumstances and financial position. Different instruments involve different levels of exposure to risk, and in deciding
whether to trade in such instruments you should be aware of the following factors
concerning trading the derivatives products in LUCKY ANT TRADING LIMITED.
- Futures
Transactions in futures involve the obligation to make, or take delivery of the
underlying asset of the contract at a future date, or in some cases to settle your
position with cash. They carry a high degree of risk. The “gearing” or “leverage” often
obtainable in futures trading means that a small deposit or down payment can lead to
large losses as well as gains. It also means that a relatively small market movement
can lead to a proportionally much larger movement in the value of your investment, and this can work against you as well as for you. Futures transactions have a
contingent liability and you should be aware of the implications of this, in particular the
margining requirement.
- Contracts for Difference
Futures and Options contracts can also be referred to as contracts for difference.
These can be options and/or futures on the FTSE 100 index or any other index or
share, commodity or currency. However, unlike other futures and options, these
contracts can only be settled in cash. Investing in contracts for difference carries the
same risks as investing in a future or an option and you should be aware of these as
set out in paragraphs A respectively. Transactions in contracts for difference may also
have a contingent liability and you should be aware of the implications of this.
Internet Dealing
- You acknowledge that the internet is, due to unpredictable traffic congestion and
other reasons, an inherently unreliable medium of communication and that such
unreliability is beyond our control.
- Trading on the internet is not instantaneous and several seconds may elapse
between the time when you give your order via the internet to us and the time when
it is received by us, in which time the market may have moved and your order may
be implemented at a different value from that when you initiated the order on your
PC.
- We reserve the right not to execute an order by you until it has been received by us.
- We shall not be liable for any loss, expense, cost or liability (including consequential
loss) suffered or incurred by you as a result of instructions being given or any other
communications being made via e-mail or via the internet.
- You will solely be responsible for all orders and for the accuracy of all information
sent via the internet using your name or personal identification number.
- You further acknowledge and agree that there are risks of misunderstandings or
errors in any communication and that such risks shall be absolutely borne by you.
- You acknowledge and agree that it shall not usually be possible to cancel an
instruction after it has been given.
- The time shown by our electronic logging system and the information contained on
our server shall be conclusive between us as to the exact time of receipt of any
messages or order and as to the accuracy of the information.
Force Majeure Events
We may, in our reasonable opinion, determine that an emergency or an exceptional
market condition exists (a “Force Majeure Event”). A Force Majeure Event shall
include, but is not limited to, the following:
- Any act, event or occurrence (including without limitation any strike, riot or civil
commotion, hostilities, foreign intervention, governmental actions, natural disaster, Act of God, an interruption of power supply or electronic or communication
equipment failure) which, in our opinion, prevents us from maintaining an orderly
market in one or more of the investments in respect of which we ordinarily deal in Contracts.
- The suspension or closure of any market or the abandonment or failure of any event
upon which we base, or to which we in any way relate our quote, or the imposition
of limits or special or unusual terms on the trading in any such market or in any
such event.
- The occurrence of any excessive movement in the level of any Contract and/or the
underlying market or our anticipation (acting reasonably) of the occurrence of such
movements.
If we determine that a Force Majeure Event exists we may in our absolute discretion
without notice and at any time take one or more of the following steps :
Increase your deposit requirements.
- Close any or all of your open Contracts at such closing level as we reasonably
believe to be appropriate.
- Suspend or modify the application of all or any of the terms of this agreement to the
extent that the Force Majeure Event makes it impossible or impractical for us to
comply with the term or terms in question.
- Alter the last time for trading for a particular Contract.
- Take or omit to take all such other actions as we deem to be reasonably appropriate
in the circumstances having to our position, your position and the positions of the
other customers.
In the event of the above events, LUCKY ANT TRADING LIMITED shall not be liable to the Client for any
claims, losses, damage, costs, and expenses, including lawyers’ fees, arising directly
or indirectly out of such events.
Entry Into Force
This Agreement shall not be deemed accepted by LUCKY ANT TRADING LIMITED and shall not become
a binding contract between the Client and LUCKY ANT TRADING LIMITED until the Agreement and the
Customer Account Application, including all relevant annexes, have been completed
and executed by the Client and received and accepted by LUCKY ANT TRADING LIMITED, a notice
whereof shall be given to the Customer.
Risk Warning & Disclaimer
The facilities we provide are available only to experienced investors with sufficient
financial resources to trade in our investment products. The following statements are
intended to make you aware of and disclose to you the potential risk and loss in respect to trading on the financial markets. You must familiarize yourself with the
nature of CFD trading, the terminology used, and the procedures involved before you
enter into any contract. Our rolling spot contracts and CFDs are based on highly
leveraged margin trading; as with any derivative instrument, such contracts carry a
very high degree of risk, and trading such instruments may expose the investor to
substantial losses as well as gains. The gearing and leverage that are obtainable with
CFD trading mean that you only need to place a small deposit to commence trading
with us, although this small deposit may result in large losses or large gains. You must
consider that if the market moves against you, you may sustain a total loss greater
than the funds deposited. It is your responsibility to ensure that you are fully aware of
all these risks before entering into any contract.
If you have any questions about this Agreement or the nature and suitability of the
services we provide, please contact us before commencing any activity on your
account. We will assume that, on commencement of business, you are satisfied that
all terms relating to your facility with us have been fully understood and accepted by
you. We will assess your application from the information available to us and, in
particular, the responses you have given in completing the Customer Information
Sheet; if you are accepted as a customer, it will be on such a basis. Accordingly, we
will classify you as a private customer. You should not proceed with this arrangement
unless you have carefully considered that it is appropriate for you and are satisfied
with these terms. Investors should note that to protect their interests, we may set zero
stop orders where no client order has been placed to minimize losses. In this event, clients cannot lose more than their initial commitment.
Conflicts of Interest
We provide herewith a summary of the policy we maintain in order to manage conflicts
of interest in respect of the duties we owe to our clients.
General
A conflict of interest can arise between LUCKY ANT TRADING LIMITED and you as a client or between
your interests and those of another client of ours. We aim to establish, maintain, and
operate effective organizational and administrative arrangements with a view to taking
all reasonable steps to prevent conflicts of interest from constituting or giving rise to a
material risk of damage to the interests of our clients.
Our Policy
We aim to keep a record of the kinds of activity we carry on in which a material conflict
could arise or has arisen, and, in doing so, we take account of the activities of other members of our group of companies. We also maintain procedures to ensure
appropriate independence between members of our staff who are involved in different
activities. This includes the operation of information barriers, the segregation of duties
and responsibilities, and the maintenance of a policy of independence that requires
our staff, when providing services to a client, to act in the best interests of the client
and to disregard any conflicts of interest. In some circumstances, we may decline to
act for a client or potential client.
Disclosure : General
Where our arrangements to manage conflicts are not or cannot be sufficient to
reasonably assure that risks of damage to a client’s interest will be prevented, we aim
to disclose the general nature and/or sources of conflicts before carrying on business
for the client. This is to allow the client to consider whether to ask for more information
and whether to continue with the service; we do not aim to provide detailed, highly
specific, or comprehensive information.
Gift & Hospitality
We do not prohibit our staff from receiving small gifts and minor hospitality from other
parties with which we do business but only where in the opinion of a director or senior
manager it is at a level that is not lavish or excessive and only where it will not impair
our duty to act in the best interests of our clients or other legal or regulatory
obligations.