Royal Dragon Traders – Terms and Conditions
These terms and conditions herby governs the relationship between you, and Royal Dragon Traders.
Effective from 08.01.2017
In connection with opening an account with RDT to speculate in, and/or purchase, and/or sell, Trading, Contracts for Differences (hereinafter referred to as “CFDs”), in digital currencies and indices, and the receipt of such other services and products as RDT may, in its sole discretion, determine to offer from time to time in the future, Member acknowledges that it has been advised and understands the following factors concerning trading in the RDT Platform market, in addition to those contained in the Risk Disclosure Statement which has been provided to Member. We trade contracts for differences (“CFD”) transactions within the RDT Trading Platform.
In consideration of RDT agreeing to provide services to “Member”, “client” or “you” in connection with the purchase of CFDs, in digital currencies, and indices and the receipt of such other services and products as RDT may, in its sole discretion, determine to offer from time to time in the future and which may be purchased or sold by or through RDT for Member’s accounts(s), Member agrees that the following rights and obligations will govern the relationship between RDT and Member.
RDT trading means that trading does not take place on a regulated exchange. There are no guarantees as to the credit worthiness of the counter party of your CFDs. Also, there may be certain cases in which trading liquidity decreases, causing trading of digital currencies, and indices to cease, thereby preventing the liquidation of an adverse position which may result in a substantial financial loss.
RDT does not provide investment advice. The market recommendations, signals, information provided by and/or distributed by RDT are general in nature and based solely on the judgment of RDT’s personnel or from third party information providers. These market recommendations may or may not be consistent with the market position or intentions of RDT, its affiliates, and/or employees. The market recommendations and information provided by RDT are based upon information believed to be reliable, but RDT cannot and does not guarantee the accuracy or completeness thereof or represent that following such recommendations will eliminate the risk inherent in trading digital currencies. Any market recommendations of, or information provided by, RDT does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any RDT transaction. Member understands and hereby agrees that Members is capable of, and solely responsible for, assessing the merits and risks of any trade it may enter into with RDT.
Members understands that RDT does not permit its Member representatives to either exercise discretion or manage the RDT account. If Member’s account is not being traded with Member’s authorisation, Member must notify RDT immediately at firstname.lastname@example.org.
RDT’s margin policies and/or the policies of those trading platforms through which trades are executed may require that additional funds be provided to properly margin Member’s account and Member is obligated to immediately meet such margin requirements. Failure to meet margin calls may result in the liquidation of any open positions with a resultant loss. RDT reserves the right to refuse to accept any order.
Member understands that it must carefully review the reports relating to Member’s trading posted online by RDT. All reports of execution and statements of accounts will be deemed final. Objections may be made initially by email or by telephone, but must be confirmed thereafter in writing.
Member understands that RDT may establish rules and provisions for client accounts, including but not limited to minimum account size, investment time period, commissions and fees, leverage size per instrument, mark ups, rules relating to stop losses and limits, rules relating to rollovers, rules relating to margin calls, or any other financial arrangement, and that such rules and provisions may be changed by RDT from time to time.
Member has read and understands the Member’s obligations and rights under this Member Agreement and agrees and acknowledges that this Member Agreement, the Risk Disclosure Statement and the Privacy Statement will comprise the terms of the Member’s relationship with RDT. The Member agrees that Member is fully responsible for making all decisions as to transactions effected for Member’s account. Member has considered the foregoing factors and in view of Member’s present and anticipated financial resources, Member is willing and able to assume the substantial financial risks of RDT trading.
IT IS THE MEMBER’S RESPONSIBILITY TO FIND OUT ALL NECESSARY INFORMATION ABOUT TRADING IN DIGITAL CURRENCY TRADING AND RDT TERMS AND CONDITIONS AND MAKE SURE THAT ALL RISKS AND ARRANGEMENTS ARE DISCUSSED AND CLEARLY UNDERSTOOD PRIOR TO ANY TRADING ACTIVITY.
1.1 “RDT” shall, where the context so permits or requires, be deemed to mean Royal Dragon Traders its subsidiaries and affiliates and their successors and assigns;
1.2 "Member" shall mean the party (or parties) who have agreed to be bound by the terms of this Agreement;
1.3 "Agreement" shall include this agreement and all other agreements and authorizations executed by Member in connection with the maintenance of Member’s account with RDT.
The paragraph headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or affect the meaning of any of its provisions.
2.1 It is our policy to treat all of our clients as members irrespective of the existence of any categorisations in the member’s country of residence.
3.1 The principal method of communication between RDT and Member will be electronically via RDT’s website, email, communication via your personal dashboard and RDT on-line trading platforms.
3.2 Information regarding orders placed and executed will be addressed personally to Member through a Member specific account with which the member would have registered and accepted these Agreements.
3.3 However, certain information will be provided generally on our website, such as general market recommendations and Member hereby consents to receiving information not addressed personally to members in that form.
4.1 RDT is authorised to enter into contracts on an over-the-counter basis with Member in accordance with Member’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto.
4.2 On the successful completion of registering with RDT by the Member, RDT will issue Member with a secure password which is to be used with the chosen user-name of the Member.
4.3 RDT’s security systems are designed to ensure that any information provided to and from Member is securely transmitted. Member is obligated to keep passwords secret and is solely responsible for ensuring that third parties do not obtain access to the password or RDT’s trading platform.
4.4 Member agrees to be exclusively responsible for any instruction received electronically that is identified with Member’s password and account number and for any electronic, oral and written instruction to RDT from persons RDT in its sole judgment, believes are apparently authorized by Member.
4.5 RDT shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or omitted to be taken by RDT in reliance on any such instructions or on the apparent authority of any such persons.
4.6 RDT has possession over the security of the account.
4.7 If a death occurs to the account holder of the account, RDT shall be notified in writing and shown proof of a death certificate. All proceeds or fees due will be added and deducted as required and then provided to the surviving beneficiary indicated on the account in writing.
5.1 Although RDT issues general market recommendations, these should not be construed as personal recommendations or advice to trade with RDT. As such we are under no obligation to assess the suitability or otherwise of the Member trading of digital currencies with RDT. All trades entered into by Member represent an independent decision by the Member to trade with RDT.
6.1 All transactions under this Agreement shall be made in accordance with usage, rulings and interpretations of the counter party institution or other interbank market (and its clearing organization, if any) and with all applicable laws and regulations.
6.2 If any statute shall hereafter be enacted or any rule or regulation shall hereafter be adopted by any governmental authority, or a contract market or clearing organization which shall be binding upon RDT and shall affect in any manner or be inconsistent with any of the provisions hereof, the affected provisions of this Agreement shall be deemed modified or superseded, as the case may be, by the applicable provisions of such statute, rule or regulation, and all other provisions of this Agreement and provisions so modified shall in all respects continue in full force and effect.
6.3 Member acknowledges that all transactions under this Agreement are subject to the aforementioned regulatory requirements and Member shall not thereby be given any independent legal or contractual rights with respect to such requirements.
7.1 RDT may change margin requirements at any time.
7.2 RDT may at any time proceed to liquidate Member’s account and any failure by RDT to enforce its rights hereunder shall not be deemed a waiver by RDT to enforce its rights thereafter.
7.3 RDT platform retains the right to limit the amount and/or total number of open positions which Member may acquire or maintain at RDT, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole discretion.
7.4 Orders must be placed allowing sufficient time to execute and to calculate margin requirements.
7.5 Profits deriving from a transaction shall be added to Member’s account as additional margin, as long as the transaction is open, and upon the closing of the transaction, as an addition to the available balance for withdrawal.
7.6 Losses deriving from a transaction can be deducted from Member’s account.
8.1 RDT may elect to grant a benefit to Member by depositing bonus amounts in Member’s trading account, subject to certain terms and conditions as shall be determined by RDT, at its sole discretion. Such bonus amounts may not be withdrawn by Member, unless Member complies with the applicable trading requirements posted on RDT’s website as may be amended from time to time or as communicated to Member.
8.2 If RDT suspects or has reason to believe that Member has attempted fraudulent activity in order to claim a bonus, or any other promotion, RDT reserves the right to:
(i) Cancel or reject the bonus promotion, and any related Trading Agent bonus, at its sole discretion
(ii) To terminate Member’s access to members account and services provided by RDT and/or terminate the contract and account between RDT and the Member for the provision of services,
(iii) To block Member’s Account(s) and to arrange for the transfer of any unused balance to Member.
8.3 If RDT suspects or has reason to believe that the Member has abused the terms and conditions, RDT reserves the right to cancel any trades or profits associated with Member’s account(s). RDT can at any time for any breach of these terms and conditions close the Member’s account.
8.4 Bonus promotions may be restricted in certain jurisdictions.
8.5 RDT reserves the right to cancel or reject bonus promotions at its sole discretion.
9.1 RDT is required to maintain and operate effective organisational and administrative controls to take all reasonable steps to identify, manage, disclose and record conflicts of interest. In order to achieve this RDT has established and implemented a Conflicts of Interest policy.
9.2 Where arrangements made by RDT to manage conflicts of interest are insufficient to ensure, with reasonable confidence, that risks of damage to client interests will be prevented, RDT shall clearly disclose to the client the general nature and the sources of the conflicts of interest before undertaking business on the client’s behalf.
10.1 In the event that you are dissatisfied with the service provided by RDT, we will deal with your complaint internally and will endeavor to come to a satisfactory solution promptly.
10.2 All complaints should be directed to email@example.com.
11.1 Reports, statements, notices, trade confirmations, and any other communications will be posted online and may be transmitted to such address as Member may from time to time designate in a written or electronic communication to RDT through their dashboard platform.
11.2 Member is responsible for alerting RDT to any change in its e-mail address.
11.3 Communications are deemed received when made available to Member by RDT, regardless of whether Member actually accessed the communication.
11.4 Member understands that it must carefully review the content relating to Member’s trading accounts posted online in the dashboard of the Member’s account or via email to the email address registered in the Members account with RDT.
11.5 Member acknowledges that RDT does not have to separately obtain Member’s prior consent (whether written or oral) before distributing such communications to Member, provided that RDT shall cease to distribute such communications should Member notify RDT in writing that Member no longer desires to receive such commercial communication.
12.1 RDT and/or any of its subsidiaries, affiliates or agents shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of RDT including, without limitation, loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to breakdown or failure of transmission or communication facilities, or electrical power outage.
12.2 Neither RDT nor any of its subsidiaries, affiliates or agents warrants that the trading platform or any services provided (including Third Party Licenses) will be available without interruption or will be error free and such trading platform and services are being provided "AS IS" without any representation or warranty of any kind whatsoever except as otherwise set forth herein.
12.3 Under no circumstances shall RDT or any of its subsidiaries, affiliates or agents be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of, or inability to use, RDT’s trading platform or services (including Third Party Licenses) including but not limited to lost profits, loss of business, trading loss, loss of data or use of data, any unauthorized access to, alteration, theft or destruction of Member's computers, computer systems, data files, programs or information, or costs of procurement of substitute goods or services.
12.4 Member agrees that this section represents a reasonable allocation of risk, that this section is an essential element of this Agreement and that in its absence; the economic terms of this Agreement would be substantially different.
12.5 This limitation applies whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, even if RDT or any of its subsidiaries, affiliates or agents has been advised of the possibility of such damage.
12.6 Neither RDT nor any of its subsidiaries, affiliates or agents has liability or duty of indemnification related to unusable data, lost or corrupt Member transactions or data, by whatever means, in whatever form.
12.7 This limitation of liability additionally eliminates any duty or liability on the part of RDT or any of its subsidiaries, affiliates or agents related to unusable data, lost or corrupt Member transactions or data, resulting in part or in whole from third-party software or networking goods or services or from internet related problems or from actions or events outside of RDT's control.
12.8 RDT and its subsidiaries, affiliates and agents disclaim any and all liability resulting from or related to any breach of internet security or disruption, distortions or delays of Member's connections to the internet, due to any reason.
12.9 Member further acknowledges that RDT, its subsidiaries, affiliates and agents shall not be liable for any loss or damage caused due to or in connection with such reset processes. System failure etc.
12.10 Third Party Licenses:
12.10.1 If any third party software is included within or embedded in the RDT website or online trading platform, then such embedded third party software shall be provided subject to the terms of this Member Agreement which apply to the online trading platform.
12.10.2 Member shall fully comply with terms of any Third Party Licenses that we provide from time to time.
12.10.3 We provide no express or implied warranty, indemnity or support for the Third Party Licenses, and will have no liability related thereto.
12.10.4 "Third Party Licenses" means licenses from third parties governing third party software embedded or used in the trading platform.
13.1 If Member directs RDT to enter into any trading of digital currency transaction:
(i) Any profit or loss arising as a result of a fluctuation in trading digital currency trading, will be entirely for Member’s account and risk;
(ii) All initial and subsequent deposits for packages shall be made in EUROs in such amounts as RDT may in its sole discretion require; and
(iii) RDT is authorized to convert funds in Member’s account for memberships packages into and from such foreign currency at a rate of exchange determined by RDT in its sole discretion on the basis of the then prevailing money market rates at the time of receipt.
14.1 Member agrees to indemnify and hold RDT, its subsidiaries, affiliates, agents, employees, agents, successors harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by any of RDT indemnities arising out of Member’s failure to fully and timely perform Member’s obligations herein or under any Third Party License or should any of Member’s representations and warranties fail to be true and correct.
14.2 Member also agrees to pay RDT indemnities promptly all damages, costs and expenses, including attorney’s fees, incurred in the enforcement of any of the provisions of this Agreement and any other agreements between RDT and Member.
14.3 In addition to any limitations of liability specified elsewhere in this Agreement, RDT indemnities shall not be held liable and are released from all claims and losses incurred in such regard if the claim or loss was caused or contributed to by:
(i) The actions or omission to act on the part of Member,
(ii) Any act or omission by any person obtaining access to Member's account, whether or not Member has authorized such access or not,
(iii) System malfunction, equipment failure (whether Member's equipment or RDT’s equipment), system interruption or system unavailability,
(iv) Delays, failure or errors in implementing any instruction,
(v) Inaccurate or incomplete instructions received by RDT’s from Member, or
(vi) Any reliance or use by Member or any other third party with access to Member's account of any financial and market data, quotes, news, analyst opinions, research reports, graphs or any other data or information whatsoever available through the trading platform or any Third Party License, whether to complete a transaction on the RDT trading platform or for any other purpose whatsoever.
14.4 RDT shall be entitled to setoff Member's liabilities under this section from Member's account.
15.1 RDT will use commercially reasonable efforts to complete all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Member.
15.2 Upon Member's offer and RDT's acceptance of an order, Member hereby authorizes RDT to close the transaction at the Close at Loss price or Close at Profit price, as applicable, and as agreed upon in the order, without further instruction from or notification to Member.
15.3 RDT may, in its sole discretion, close the transaction when the price quoted by RDT on the trading platform equals the price accepted by RDT for such an order.
15.4 Member acknowledges and agrees that RDT shall not be obligated to close a transaction which does not otherwise comply with any other limitations agreed upon with respect to such transaction.
15.5 Member acknowledges and agrees that due to market volatility and factors beyond RDT's control, RDT cannot guarantee that a Close at Loss order will be executed at the level specified in Member's order. In such an event, RDT will close the transaction at the next best price.
16.1 Member acknowledges that investment in leveraged and non-leveraged transactions are speculative, involves a high degree of risk, and is appropriate only for persons who can assume risk of loss of their entire deposit.
16.2 Member understands that because of the volatility of trading, price changes on a constant basis in the markets and may result in significant losses.
16.3 Member warrants that Member is willing and able, financially and otherwise, to assume the risk of trading, and in consideration of RDT’s carrying his/her account(s), Member agrees not to hold RDT and any of its subsidiaries, affiliates or agents responsible for any losses incurred by Member.
16.4 Member recognizes that guarantees of profit or freedom from loss are impossible to guarantee in digital currency trading.
16.5 Member acknowledges that Member has received no such guarantees from RDT or from any of its representatives or any introducing agent or other entity with whom Member is conducting his/her RDT account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.
16.6 The high degree of leverage that is obtainable in the trading of digital currency transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.
16.7 During times of extreme volatility it can be difficult or impossible to execute orders.
17.1 Member acknowledges that:
(i) Any market recommendations, signals and information communicated by any method of communication to Member by RDT and any of its subsidiaries, affiliates, agents or by any person within RDT does not constitute an offer to sell or the solicitation of an offer to buy any trades back, and that RDT does not provide investment advice
(ii) Such recommendation and information, although generally based upon information obtained from sources believed by RDT to be reliable, may be based solely on a broker’s opinion and that such information may be incomplete and may be unverified, and
(iii) RDT makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or market recommendation furnished to Member and shall not be responsible for any loss or damage including without limitation any loss of margin or profits which may arise directly or indirectly from use or reliance on such recommendations or information.
17.2 Member understands that Member is solely responsible for assessing the merits and risks of any trade it may enter into with RDT whether as a result of information provided by RDT or otherwise.
17.3 Member acknowledges that RDT and/or its officers, directors, affiliates, associates, stockholders or representatives may have a position in or may intend to buy or sell trades, which are the subject of market recommendations furnished to Member, and that the market position of RDT or any such officer, director, affiliate, associate, stockholder or representative may not be consistent with the recommendations furnished to Member by RDT.
17.4 Member acknowledges that RDT makes no representations concerning the tax implications or treatment of any trading activity.
18.1 Member represents and warrants that:
(i) if Member is a natural person, Member is of sound mind, legal age and legal competence
(ii) if Member is not a natural person,
a. Member is duly organized and validly existing under the applicable laws of the jurisdiction of its organization;
b. Execution and delivery of this Agreement and all Contracts and other transactions contemplated hereunder and performance of all obligations contemplated under this Agreement and all other transactions contemplated hereunder have been duly authorised by
c. Each person executing and delivering this Agreement and all other transactions contemplated hereunder on behalf of the Member, has been duly authorised by Member to do so.
(iii) No person other than Member has or will have an interest in Member’s account(s) and Member has not granted and will not grant a security interest in Member’s account with RDT (other than the security interest granted to RDT hereunder) to any person without RDT’s prior written consent. Member has full beneficial ownership of all collateral and will not grant any security interest in any collateral to any person (other than the security interest granted to RDT hereunder) without RDT’s prior written consent; and,
(iv) Member hereby warrants that regardless of any subsequent determination to the contrary, Member is suitable to register for RDT; and,
(v) Member is not now an employee of any exchange, any corporation in which any exchange owns a majority of the capital stock, any member of any exchange and/or firm registered on any exchange, or any bank, trust, or insurance company, and in the event that Member becomes so employed, Member will promptly notify us, at RDT 's home office, in writing, of such employment; and,
(vi) Member will execute and deliver all documents, give all notices, make all filings and take such other actions as RDT, in its sole discretion, deems necessary or desirable to evidence or perfect any security interest in favor of RDT or to protect RDT’s interests with respect to any Collateral; and,
(vii) Member has read and understands the provisions contained in this Agreement, including, without limitation, RDT’s Risk Disclosure Statement and Privacy Statement; and
(viii) Member will review this Agreement; and
(ix) Member will not affect any transaction in Member’s account unless Member understands this Agreement, and Member agrees that in effecting any transaction it is deemed to represent that it has read and understands this Agreement as in effect at the time of such transaction; and
(x) Member agrees to, and shall at all times comply with all applicable laws, statutes and regulations and Member hereby declares that the execution and delivery by Member of this Agreement and all other transactions contemplated hereunder, and performance of all of Member’s obligations contemplated under this Agreement and any other transaction contemplated hereunder, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to Member. Member may
19.1 Member acknowledges that should Member choose to grant trading authority or control over Member’s account to a third party ("Trading Agent"), whether on a discretionary or nondiscretionary basis, Member does so at its own risk.
19.2 Member acknowledges that RDT its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Member’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto.
19.3 Member acknowledges and understands:
(i) That RDT makes no warranties nor representations concerning any Trading Agent,
(ii) That RDT its subsidiaries, affiliates or agents shall not be responsible for any loss to Member occasioned by the actions of the Trading Agent, and
(iii) That RDT does not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent.
19.4 The Member acknowledges that the risk factor in trading digital currencies is substantially high, and therefore the Member further acknowledges that she/he should carefully consider trading through RDT, whether through a Trading Agent or otherwise, if the Trader does not have capital she/he can afford to lose.
20.1 RDT will not share or sell information regarding customers and/or prospective customers, except to its employees, agents, partners, and associates as required in the ordinary course of business, including, but not limited to, RDT’s banking or credit relationships, or to other persons as disclosed in RDT’s Privacy Statement.
20.2 RDT may also disclose to federal or state regulatory agencies and law enforcement authorities’ information regarding Member and Member’s transactions in response to a request for such information or in response to a court order or subpoena.
20.3 RDT will not share or sell statistical information and will not disclose Member's identity.
21.1 This Agreement shall continue in effect until termination, and may be terminated by Member or by RDT at any time. If the Member wishes to terminate their account they can do so upon written notice (which may be by e-mail) from the registered email on Member’s account. When Member has no trading position(s) and no liabilities held by or owed to RDT upon the actual receipt by RDT at its home office of written notice of termination, or at any time whatsoever by RDT upon the transmittal of written notice of termination to Member; provided, that such termination shall not affect any transactions previously entered into and shall not relieve either party of any obligations set out in this agreement nor shall it relieve Member of any obligations arising out of any deficit balance.
21.2 Sections 12, 14, 18, 21, 31 shall survive termination of this Agreement for any reason.
22.1 All copyright, trademark, trade secret and other intellectual property rights and proprietary rights to the RDT website in its totality, its contents and any related materials shall remain at all times the sole and exclusive property of the RDT and its licensors and in the case of third party materials available on the RDT web site to such third party and Customers shall have no right or interest in the RDT IP except for the right to access and use the RDT IP as specified herein.
22.2 Member acknowledges that the RDT IP is confidential and has been developed through the expenditure of substantial skill, time, effort and money.
22.3 The Member will protect the confidentiality of the RDT IP and not allow website access to any third party.
22.4 Member will not publish, distribute, or otherwise make available to third parties any information derived from or relating to the RDT IP.
22.5 Member will not copy, modify, de-compile, reverse engineer, or make derivative works of the RDT IP or in the manner in which it operates.
22.6 If Member has comments on RDT's services or ideas on how to improve them, Member is welcome to contact RDT. By doing so, Member grants RDT a perpetual, royalty free, irrevocable, transferable license, with right of sublicense, to use and incorporate Member's ideas or comments into the RDT's services, and to otherwise exploit Member's ideas and comments, in each case without payment of any compensation.
23.1 Without limiting the foregoing, Member understands that laws regarding financial contracts vary throughout the world, and it is Member's obligation alone to ensure that Member fully complies with any law, regulation or directive, relevant to Member's country of residency with regards to the use of the Web site.
23.2 For avoidance of doubt, the ability to access RDT's Web site does not necessarily mean that RDT's services, and/or Member's activities through it, are legal under the laws, regulations or directives relevant to Member's country of residency.
23.3 This Web site does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised, or to any person to whom it is unlawful to make such an offer or solicitation.
23.4 Access to this Web site, and the offering of financial contracts via this site, may be restricted in certain jurisdictions, and, accordingly, users accessing this site are required to inform themselves of, and to observe, such restrictions.
25.1 By acceptance of this Agreement, Member hereby declares that the moneys invested in Member's account with RDT do not originate from drug trafficking, abduction, or any other criminal activity.
25.1 Member knows, understands and agrees that, in general, RDT does not collect tax for any authority in any form or manner.
25.2 Without limiting the foregoing, it is Member's obligation alone to calculate and pay all taxes applicable to you in Member's country of residence, or otherwise arising as a result of Member's trading activity from the use of the RDT's services.
25.3 Without derogating from Member's sole and entire responsibility to perform tax payments, Member agrees that RDT may deduct tax, as may be required by the applicable law, but is not obligated to do so, from the results of the activity with RDT.
25.4 Member is aware that amounts that may be withdrawn by Member from Member's account are "gross amounts", from which the RDT may deduct such taxes, and that Member shall have no claim towards RDT with regard to such deductions.
26.1 Member acknowledges that applicable laws require financial institutions to obtain, verify, and record information identifying each person who opens an account. With our different payment method options.
26.2 Member further acknowledges that RDT makes efforts to prevent fraud and to confirm Member's identity. Known as “Know-Your-Customer” herein after referred to “KYC”.
26.3 Accordingly, Member has provided RDT, or shall provide RDT promptly following the opening of the Royal Dragon Trading account, with certain identifying information and documents as shall be requested by RDT, including a copy of Member's ID, a copy of Member's utility bill (e.g., phone bill, and property tax bill).
26.4 Member confirms that Member has provided true, accurate, current and complete information during the registration process, and that Member has not impersonated any person or entity, or misrepresented any affiliation with another person, entity or association, used false headers or otherwise concealed Member's identity from RDT for any purpose.
27.1 Member further acknowledges and accepts RDT’s procedures with respect to withdrawals and deposits to accounts as set forth below:
(i) Withdrawal orders: The provision of documentation as may be required from time to time by Anti Money Laundering regulations, credit card companies and RDT, is a prerequisite, prior to the execution of a withdrawal order.
(ii) Member acknowledges that withdrawals may take longer than expected for numerous reasons, some in RDT’s control and some not.
(iii) When depositing by a Bank Transfer, as required by anti-money-laundering regulations, Member is required to use a bank account, which is in Member's country of residence and in Member's name. Any withdrawal of funds, from Member's RDT account to a bank account, can only be refunded to the same bank account that the funds were originally received from.
(iv) Alternative payment methods (internet payment vendors; money transfer services; etc.): when depositing funds using a facility other than credit cards and/or banks, you agree to, and acknowledge being bound by, the regulations and rules of such service, including, but not limited to, fees and other restrictions. RDT, at its sole discretion, may execute withdrawals to a facility other than the facility used for the original deposit, in accordance with anti-money-laundering regulations.
28.1 Member hereby consents to receive account statements online with the email registered at the time of opening the RDT Member account.
29.1 By electronically signing RDT's account agreement and related documents, Member acknowledges receipt of the Member account letter, Member agreement and other documents contained as part of RDT's electronic account package and Member agrees to be bound by their terms and conditions.
29.2 In addition, by signing RDT’s account agreement and related documents, Member is consenting to RDT maintaining and Member receiving electronic records of Member's trades and accounts.
30.1 Member understands, acknowledges and agrees that RDT may amend or change this Agreement at any time.
30.2 RDT will provide notice to Member of any such amendment or change by posting the amendment or change on RDT's website or by sending an e-mail message to Members with regards to changes.
30.3 Member agrees to be bound by the terms of such amendment or change on that date.
30.4 In the event that Member objects to any such change or amendment, Member agrees to liquidate Member’s open positions and instruct RDT regarding the disposition of all assets in Member’s account within ten (10) business days after notice of the amendment or change has been posted on RDT's website or otherwise notified Member.
30.5 No oral agreements or instructions to the contrary shall be recognized or enforceable.
33.1 Member may not assign or transfer any of its rights or obligations under this Agreement to a third party without the prior written consent of RDT. Any attempted assignment or transfer in violation of the foregoing will be void. RDT may freely assign this Agreement.
34.1 This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby shall be governed by, construed and enforced in all respects in accordance with the laws of Brazil and RDT and the Member hereby irrevocably submit to the non-exclusive jurisdiction of the Brazil Courts.
34.1 This Agreement shall be continuous and shall cover, individually and collectively, all accounts of Member at any time opened or reopened with RDT irrespective of any change or changes at any time in the personnel of RDT or its successors, assigns, subsidiaries, affiliates or agents.
34.2 This Agreement including all authorizations, shall inure to the benefit of RDT and its subsidiaries, affiliates, agents, successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon Member and/or the estate, executor, trustees, administrators, legal representatives, successors and assigns of Member.
34.3 Member hereby ratifies all transactions with RDT effected prior to the date of this Agreement, and agrees that the rights and obligations of Member in respect thereto shall be governed by the terms of this Agreement.
MEMBER ACKNOWLEDGES HAVING RECEIVED, READ AND UNDERSTOOD THE FOREGOING MEMBER AGREEMENT AND HEREBY AGREES TO BE BOUND BY ALL OF THE TERMS.
Version 001 | August 01, 2017