Terms of Service

1. Introduction

1.1 The Agreement is entered by and between AstarFX (“the Company”) on the one part and the Client (which may be a legal entity or a natural person) who has completed the Account Opening Application Form (hereinafter called the “Client”) on the other part.

1.2 The Company is authorized by the Financial Services Authority (FSA) of ST. Vincent and the Grenadines, Registration No 278569 BC.

1.3 This Client Agreement with the following documents found on the Company’s website (namely “General Business Terms”, “Partnership Agreement”, “Risk Disclosure and Warnings Notice”, “Complaints Procedure for Clients”, “Privacy Policy”, “Key Facts Statement”, “Confidentiality Policy” and “Bonus Terms and Conditions”), as amended from time to time, (together the “Agreement”), as well as any other documentation that is posted in section “Legal
documents” at the website or may be communicated to a Client as a result of his participation in any of the Company’s campaigns and/or loyalty programs, set out the terms upon which the Company will offer Services hereunder to the Client and shall govern all CFD activity of the Client with the Company during the course of the Agreement.

1.4 The Agreement overrides any other agreements, arrangements, express or implied statements made by the Company or any Introducer(s).

1.5 The Company will collect, use, store, and otherwise process personal information of the Client, as set out in the Privacy Policy, as amended from time to time, and available on the Company’s website.

2.Interpretation of Terms

2.1 In this document (Client Agreement): “Access Data” shall mean the login and password of the Client, which are required so as to place Orders in CFDs with the Company on the Trading Platform, and any other secret investor passwords, phone passwords or similar, used to access the Personal Area so as to perform non-trading operations. “Account Opening Application Form” shall mean the application form/questionnaire completed by the Client, on-line
on the Company’s Website and/or mobile application(s) and/or in hard copy, in order to apply for the Company’s Services under the Agreement and a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, financial profile and appropriateness in accordance with the Applicable Regulations.

Welcome to Astarfx. By accessing or using our Site, you agree to comply with and be bound by these Terms of Service. If you do not agree to these terms, please do not use our Site.

 

3. Acceptance of Terms

By using our Site, you affirm that you are at least 18 years old (or the age of majority in your jurisdiction) and are capable of entering into a binding agreement.

 

4. User Registration

To access certain features, you may need to create an account. You agree to:
– Provide accurate, current, and complete information during registration.
– Maintain the security of your password.
– Notify us immediately of any unauthorized use of your account.

 

5. Trading Rules

– Users are responsible for their trading decisions and must conduct their own research.
– [Specify any restrictions, such as prohibited trades or requirements for margin trading.]
– All trades are final, and the Site does not guarantee the outcome of any trades.

 

6. Fees and Charges

6.1 Fees arising out of AstarFX providing services are outlined in the accounts page.

6.2 Customers are aware that a part of AstarFX’s revenues derive from the spread on each transaction. The spread is the difference between the bid & the ask price of the price quote on a transaction.

6.3 AstarFX may increase or decrease spreads on any or all instruments, at its sole discretion, at any time without notification due to various mitigating factors – market sentiment, news times or announcements, trading volumes, market volatility and/or additional internal or external factors. This may be affected on an individual client basis or for all clients simultaneously.

6.4 Where a customer requests a specific fee structure, a commission may be payable by Customer to open and close Forex, CFDs, Options and Spread Betting positions. Such commission payable will be debited from Customer’s account at the same time as AceFxPro opens or closes the relevant Forex, CFDs, Options and Spread Bets.

6.5 Where we increase or introduce any new charges, we will post the changes on our website at least 7 days before they take effect.

6.6 We may also charge for incidental banking-related fees such as wire charges for deposits/withdrawals and returned check fees.

6.7 In certain circumstances additional fees may include such things as statement charges, order cancellation charges, account transfer charges, telephone order charges or fees imposed by any interbank agency, bank, contract, market or other regulatory or self-regulatory organizations arising out of AstarFX’s provision of services hereunder.

6.8 Customers may incur additional fees for the purchase of optional, value added services we offer.

6.9 ROLLOVERS, OVERNIGHT INTEREST:

6.9.1 A daily financing charge may apply to each Forex, CFDs, Options and Spread Betting open position at the closing of AstarFX’s trading day as regards that Forex, CFD, Options and Spread Bet, known as SWAP.

6.9.2 If such financing charge is applicable, it will either be requested to be paid by Customer directly to AstarFX or it will be paid by AceFxPro to Customer, depending on the type of Forex, CFDs, Options and Spread Betting and the nature of the position Customer holds.

6.9.3 The method of calculation of the financing charge varies according to the type of Forex, CFDs, Options and Spread Betting to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates.

6.9.4 The financing charge will be credited or debited (as appropriate) to Customer’s account on the next trading day following the day to which it relates.

6.9.5 AstarFX reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of Forex, CFDs, Options and Spread Betting to which the financing charge applies.

6.9.6 For certain types of Forex, CFDs, Options and Spread Betting, a commission is payable by Customer to open and close Forex, CFDs, Options and Spread Betting positions. Such commission payable will be debited from Customer’s account at the same time as AstarFX opens or closes the relevant Forex, CFDs, Options and Spread Bets.

6.9.7 Trades in CFDs and Spread Betting are linked to the market price of a certain base asset, including the market price of future contracts. A few days prior to the expiration date of the base asset to which the CFD and Spread Betting is linked, the base asset shall be replaced with another asset, and the quotation of the CFD and Spread Betting shall change accordingly.

6.9.8 CFDs and Spread Betting does not have an expiration date.

6.9.9 Trades in CFDs and Spread Betting are continuous and the base assets to which they are linked vary from time to time.

6.9.10 AstarFX reserves the right to determine the base asset to which CFDs and Spread Betting is linked, the date of replacement of the base asset, and the replacement conditions.

6.9.11 Following the replacement of the base asset, the quotation of the CFDs and Spread Betting shall be adjusted, and the Customer’s account shall be credited or debited, as applicable, in accordance with the difference in quotations created due to the replacement of the
base asset.

6.9.12 The difference in quotations between the base assets is affected by the difference in rates between selling and buying of such assets in the market, and therefore the revaluation of selling and buying transactions shall be in different values.

6.9.13 Customers will incur costs in relation to the Spread Cost in closing the Old contract and Opening the New Contract and a Standard Overnight Interest charge.

6.9.14 In most cases, the debits shall be higher than credits.

6.9.15 Any open transaction held by Customer at the end of the trading day as determined by AstarFX or over the weekend, shall automatically be rolled over to the next business day so as to avoid an automatic close and physical settlement of the transaction.

6.9.16 Customer acknowledges that when rolling over such transactions to the next business day, overnight interest may be either added or subtracted from Customer’s account with respect to such transaction.

6.9.17 The overnight interest amount shall be determined by AstarFX from time to time, in AstarFX’s absolute discretion.

6.9.18 Customer hereby authorizes AstarFX to add or subtract the overnight interest to or from Customer’s account for any open transaction that have accrued overnight interest, in accordance with the applicable rate thereto, each day at the time of collection specified on the trading platform for each individual instrument, as applicable.

 

7.Intellectual Property

Users agree not to engage in:
– Fraudulent activities.
– Money laundering or any illegal activities.
– Manipulation of the trading process (e.g., wash trading).

 

8. User Content

You retain ownership of the content you post, but by posting, you grant us a worldwide, non-exclusive, royalty-free license to use, reproduce, and distribute such content.

 

9. Intellectual Property

All content, trademarks, and other intellectual property on the Site are owned by AstarFX or its licensors. You may not use any content without our prior written consent.

 

10. Limitation of Liability

To the maximum extent permitted by law, AstarFX shall not be liable for any indirect, incidental, special, or consequential damages arising out of or in connection with your use of the Site.

 

11. Indemnification

You agree to indemnify, defend, and hold harmless AstarFXand its affiliates from any claims, losses, liabilities, damages, costs, or expenses arising out of your use of the Site or violation of these Terms.

 

12. Termination

We reserve the right to terminate or suspend your account at our discretion, without notice, for conduct that we believe violates these Terms or is harmful to other users.

 

13. Changes to Terms

We may update these Terms from time to time. We will notify you of any changes by posting the new Terms on our Site. Your continued use of the Site after changes constitutes acceptance of the new Terms.