1.1 The purpose of this terms and conditions (the “T & C”) is to confirm the rights and obligations between MARKET PROFILE LTD（the “company”, “we”）and customer when we offering the service named Commit Trade which is a trade system( a mechanically automatic trade system depends on the timing and signal of trading, the “Commit Trade” ). Customer acknowledges that you have agreed to all the items below. 1.2．Besides this T & C, customer should review and confirm the Terms of Trade of our company (the “Terms of Trade”, including other application documents) carefully before using “Commit Trade”. You acknowledge that you have agreed to the rules, laws and regulations of our company.
1.2．Besides this T & C, customer should review and confirm the Terms of Trade of our company (the “Terms of Trade”, including other application documents) carefully before using “Commit Trade”. You acknowledge that you have agreed to the rules, laws and regulations of our company.
The trader in this serves is defined as the people who distribute the trading signals.
The Follower in this serves is defined as the people who receive the trading signals.
Only the costumer who opens the “currency derivatives trading account” in our company and enables the exclusive Commit Trade account can use “Commit Trade” service.
4. Fees, etc.
Both the new orders and settlement orders of CFD in“Commit Trade”are free. Please refer to the details below.
(a) Transaction fees
Both the new orders and settlement orders are free.
(b) Buying and selling price difference (Spreads)
There are buying and selling price differences every time when customer buys and sells currency pairs. However the differences are included in the contract price, so they will not be subtracted as fees from customer’s account.
◇The way to calculate the buying and selling price difference per transaction
Buying and selling price difference×10,000
◇The way to calculate the amount of the buying and selling price difference Buying and selling price difference × volume of transaction
(c) Rewards to the trader
As the distribution source of “Commit Trade” service, the trader will be rewarded every 10,000 volumes of transaction by our company. As the reward is already included in the spreads, they will not be subtracted as fees from customer’s account. And there will be no differences between automatic trade and manual trade.
5. Restrictions on use
5.1 The customer, on your own, uses the “Commit Trade” service only for the foreign exchange margin transactions in our company. This service should not be used for any other purpose.
5.2 Unless our company specifically agrees in writing, customer will not: sell, transfer, lease, lend, distribute, export, import , the whole or partial “Commit Trade” service to a third party. No matter directly or indirectly, customer will not be the an intermediate person or provider to authorize the whole or partial of “Commit Trade” service.
6. Intellectual Property Rights
Our company owns all Intellectual Property Rights of “ICommit Trade” service.
Our company makes no representations for the loss of customer when the followings occur.
(a) Damages caused by: defects
and disorders of communication cables, system devices and software (including all conditions caused by irresistible forces like natural disasters etc.), low transmission speed, crowded of communication cables, computer viruses, interference trespass and changing of information by the third party.
(b) Damages caused by mistakenly ordering of customer, including the mistakenly ordering by choosing the wrong the system.
(c) Damages caused by the orders received normally which are executed impossibly, executed mistakenly, executed delayed. Damages caused by unavailable service of “Commit Trade”because of system maintenance.
(d) All the direct and indirect damages (damages of hardware and other software except“Commit Trade” ) caused by using “Commit Trade”service while our company has no intent or gross negligence
(e) Damages caused by not confirming the result of contract after using “Commit Trade”service to place an order.
(f) Damages caused by the delayed or unavailable service of “Commit Trade”because of natural disasters, coup d'états, strikes, sudden changes of foreign currency situation, closes of foreign exchange market, and all the reasons caused by irresistible forces.
(g) Damages caused by the customer changing the notified matters without informing our company by notification.
(h) Damages defined as disclaimers in trading terms and other regulations of our company.
8.1 If our services stop or close, the customer will no longer use the “Commit Trade” service. In this case the customer will continue manual trade on the MetaTrader 5 platform.
8.2 The trading history of trader is the transactions provide by special MetaTrader 5 platform for trader of our company. Therefore, it doesn’t have to be the same to the actual investment performance of individual customer.
8.3 There is a case where an error occurs in the contract speed because of the different trade environments of customer and trader, different rate original server and so on. Therefore, it doesn’t have to be the same to the trading history of trader.
8.4 The signals of trading sent during defects occurred will be redistributed while the trading system and internet environment of our company return to normal. During this period, there is a risk of transaction is not performed; therefore, customer may need manual settlement on the MetaTrader 5 platform.
8.5 There is a case we update this T & C without notice. And, this T & C will be posted on the Company's homepage.
Supplementary Terms & Conditions established on March 2, 2022
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