ACFX Direct (STP/ECN) Account Terms And Conditions
All content on the ACFX website is owned by AtlasCapital Financial Services Limited (“ACFS”) an Investment Firm regulated by the Cyprus Securities and Exchange Commission with license number CIF 085/07.
ACFS reserves the right to alter, amend or terminate these terms and conditions or any aspect of them, at any time and without prior notice.
ACFS may make changes to these terms and conditions and will notify you of these changes by posting modified terms and conditions on the ACFX website. We recommend that you revisit the website regularly, and by your continued use of the ACFX website and services you accept any such modified terms and conditions.
ACFX Direct (STP/ECN) Account
These terms and conditions are subject to the same legal requirements as all other Accounts, and supplement the terms and conditions of the CFDs Customer Agreement (the “Agreement”).
By signifying acceptance to these terms and conditions on the website you agree to be legally bound by these terms and conditions, the Agreement and you confirm receipt and understanding of the General Risk Disclosure Policy, the Risk Disclosure Policy for CFDs, the Order Execution Policy, the Conflict of Interest Policy and to all other terms and conditions on the ACFX website.
Special Terms & Conditions
Trading on the STP/ECN account and using it means that you accept all terms and conditions including these conditions. Deposits for such an account can only be done using Wire Transfers and the company cannot accept deposits through other methods unless agreed in writing. The client accepts that there might be delays in processing deposits and withdrawals which might take more than the usual time for the normal accounts, and thus the company cannot be held responsible or liable for any losses or damages that might be caused by this.
Clients cannot hold the company responsible or liable for any losses that might happen due to any reason including technical errors, technical difficulties, failure to close/open positions or modify them.
By opening and trading on the STP/ECN account, the client hereby agrees to indemnify and hold harmless Atlas Capital Financial Services, ACFX, it subsidiaries, owners, employees and any associated person against any and all liability, claims, suits, losses, costs and legal fees caused by, arising out of, or resulting from any negligent act or error or technical error.
Hedging positions require same margin as if opening a new normal position. If there is not enough free margin, then trader cannot open a new position, even a hedging one. The stop out level for STP/ECN accounts is 100% margin Level. If margin level falls below 100% then the all positions will be automatically closed and liquidated.
Spreads on the ECN/STP are variable and may change unexpectedly during high volatility periods, low liquidity, economic news releases, etc… For more information about the spreads, commissions charged by ACFX, trading times, please refer to the STP.ECN market information sheet.
Risk Warning
CFDs and FX are leveraged products and carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.