This agreement is between the client and Apex Traders Ltd Trading LTD referred below shortly as Apex Traders Ltd. Apex Traders Ltd Trading Capital LTD operated the website and owns the trading platform Apex Traders Ltd.com, the owners of the Apex Traders Ltd trading platform. This agreement supersedes any other agreement, and in the event of any interpretation issues with respect to any other sources, this agreement shall prevail. Any perceived contradictions should be relayed immediately to Apex Traders Ltd for clarification. Any differences that may be perceived between the English literature and any of the other operational languages, the English version will default as the correct interpretation. Order by which items appear have no relation to their importance.
Client: The “Client” is defined as any counter-party to Apex Traders Ltd , including but not limited to subscribers and users of the Apex Traders Ltd platform. This may refer to an individual or an institution.
Base Currency: The base currency refers to the currency in which all the transactions are made from or to Apex Traders Ltd . The base currency in this document is United States Dollar, commonly abbreviated as USD or represented as $.
Business Day: Business day refers to any day where the banking system is open in Limassol, Cyprus.
Products: Products refer to all the products offered by Apex Traders Ltd , including but not limited to, the platform and over the telephone.
Guarantee Enhancer: Guarantee Enhancer refers to any guarantees provided over and above the funds in a client's account registered with Apex Traders Ltd .
Trading Platform: Trading Platform refers to the electronic software provided to clients by Apex Markets Plus for the purpose of executing financial transactions for Forex trading.
Trade: Trade refers to an execution of an order through the Apex Traders Ltd trading platform, or via the telephone.
OTC: OTC is abbreviation for Over-The-Counter. OTC refers to the transactions executed by Apex Traders Ltd Capital. All of our transactions are over the counter. We do not transact on exchanges.
Apex Traders Ltd Trading Desk: Apex Traders Ltd Trading desk refers to the trading desk operated by us at our premises.
Age Restrictions: Trading service provided only to clients from 18 years old and above.
Apex Traders Ltd Online Trading System: Apex Traders Ltd Online Trading System refers to the web-based trading system available at the following URL: www. Apex Traders Ltd.com
Network: Network refers to all kinds of equipment involved in the execution of transactions; including but not limited to. hardware, software and the Internet capabilities of both parties.
Completed Trade: Completed Trade is associated with any transaction where a confirmation is communicated to a client. Confirmation may take many forms, including, but not limited to, the posting of a transaction on the client’s trading blotter.
The client can contact Apex Traders Ltd via Live-chat, email, mail, help-desk or fax. Please note that the preferred language of communication is English, however, you are free to send messages in Arabic, French, Italian, or German. Apex Traders Ltd prides itself in replying promptly to our client’s queries. Apex Traders Ltd may utilize the services of a translator for addressing inquiries made in languages other than the ones mentioned above. In event that a translator’s services are utilized, there may be a delay in the promptness of our response.
Apex Traders Ltd is the counter-party in all transactions. This is a consequence of the nature of the products that Apex Traders Ltd offers.
The clauses of this agreement become effective when a client creates any kind of account with Apex Traders Ltd.
Apex Traders Ltd, comply with generally accepted rules and regulations, as well as generally accepted accounting norms. As is the case with multinational entities, Apex Traders Ltd will adhere to the applicable laws of the jurisdiction in which it operates. Apex Traders Ltd can and will pursue matters in any recognized jurisdiction.
Apex Traders Ltd will observe total compliance when a government or a regulatory body approaches for more details about a specific account or a specific transaction. Apex Traders Ltd discloses information to regulatory agencies and government agencies only. We do not disclose any kind of information about the accounts we manage or about specific transactions to private third parties.
With the exception of ECN related activity, the costs attributed to our clients or in other words, our revenue, is incorporated in the spread of the instrument that the client trades. If for any reason, the client’s activity triggers additional costs, Apex Traders Ltd passes those costs onto the client.
In case of lack of activity in the trading account for more than 3 months, a fee of $99.90 will be charged every month starting from the third month that there are no new trades open in the trading account.
Apex Traders Ltd adopts a high priority policy in reimbursing its clients whenever a valid amount of money is requested. Any balance not required for margin purposes will be furnished to the client as expediently as possible. Credit card deposits will be returned in the similar manner. Wire transfers are also available for reimbursement, however, it will incur a USD 40 bank-handling fee in addition to any charges assessed by your bank.
In order to withdraw funds from a trading account, it is required that the account has been funded and that trades have been made with the newly funded account. These terms and conditions are in place to ensure that the trading platform is being used as intended and to prevent fraudulent activity. It is important for traders to carefully review and understand these terms and conditions before opening an account and making any deposits.
By reading this, the client agrees that this agreement will be in effect until the he or she terminates the agreement by placing a written request to Apex Traders Ltd, or if Apex Traders Ltd notifies the client about the termination of the agreement, regardless of the reason. It is recommended that if the client wishes to cancel agreement, he notify Apex Traders Ltd by registered mail. Termination of contract does not release either party of any liabilities that it has accumulated during the contract period. Apex Traders Ltd reserves the right to make any modifications or changes as necessary to this agreement, with or without notifying the client. It is recommended that the client check the validity of this agreement from time to time.
Apex Traders Ltd assumes that its clients are at least 18+ years of age. It is assumed that the Client is independent and expected to make rational decisions about his monetary investments. Apex Traders Ltd openly acknowledges that Forex trading has risks involved. Therefore, it is presumed that any particular client transacts in a manner that is suitable to his risk tolerance. Apex Traders Ltd bears no responsibility for any losses suffered by the client due to Forex trading, regardless of the reason.
The Apex Traders Ltd team invests lots of time and money to provide the most accurate analysis for our clients. However, Apex Traders Ltd will not be held accountable for any financial loss that may occur due to miscommunication or misinterpretation about an opinion delivered by a Apex Traders Ltd staff member when a client requests an opinion. It is the responsibility of the client to assess the opinion, and make a rational investing decision on his own.
Apex Traders Ltd do provide bonuses, and a credit loan given by the company is only to allow clients to maximize the potential of opportunities in the market and/or help sustain open positions. If, at any time, the trading account's equity is lower than the credit ("loss point"), the account will be immediately closed and the company will pull back what the remainder of the given credit. Apex Traders Ltd is taking 100% of the risk on the credit loan; meaning, the client will not owe the company any losses of credit nor any commissions or interest on the added funds. If a specific approval to keep the credit in the account after the equity reached lower than credit ("loss point"), the account will be totally, for all intents and purposes, owned by the company and will be managed as the company see fits, for a period of 3-12 months, depending on the volume created. The credit loans are a great benefit, but it is important to note that it is not demo money! All credit consists of the company's own funds and it is expected of all clients to use it wisely, with caution and low risk. Thank you for the vote of confidence.
When you register for an account with Apex Traders Ltd, it is necessary that we collect some personal data from you for business purposes. By understanding your financial needs, we can treat you fairly as a client, and can provide you with the most suitable products and services, give you the appropriate information on investment strategies, process your requests and transactions, and offer you both sales and post-sales services.
We request the following Personal Data from you:
Please note that if and when you choose to end your working relationship with Apex Markets Plus, we must keep your personal data on record for an additional five years.
Use of Personal Data
The following list illustrates the reasons why Apex Traders Ltd may need to use your personal data:
The Company’s services and products traded are only available to individuals who are at least 18 years old (and at least the legal age in your jurisdiction). You represent and warrant that if you are an individual, you are at least 18 years old and of legal age in your jurisdiction to form a binding contract, and that all registration information you submit is accurate and truthful. The Company reserves the right to ask for proof of age from you and your account may be suspended until satisfactory proof of age is provided. The Company may, in its sole discretion, refuse to offer its products and services to any person or entity and change its eligibility criteria at any time.
The website is owned and operated by Apex Traders Ltd Market LTD
