Important Notice IMPORTANT NOTICE

Transcription

1 IMPORTANT NOTICE

2 IMPORTANT NOTICE This document is addressed to all persons who wish to access the services of IronFX Global Limited (the Parent Company ) service through its UK subsidiary, IronFX Global UK Limited ( IronFX UK ). IronFX Global UK Limited is the company whose website the client is on whereas IronFX Global Limited is the IronFX group company with whom the client holds an account already or will do so if the client opens a trading account through IronFX UK. Background IronFX UK is an investment firm incorporated and registered under the laws of England, with registration number IronFX UK is authorised and regulated by the UK Financial Conduct Authority (hereafter the FCA ) under firm reference number IronFX UK is authorised to provide the services specified in the Trading Terms and Conditions which are also available on IronFX UK s website. The Parent Company is incorporated and regulated under the laws of the Republic of Cyprus (with registration number HE ). The Company is authorised and regulated by the Cyprus Securities and Exchange Commission (under licence number 125/10) to provide the investment services which are specified in respect of the Parent Company in the Trading Terms and Conditions on IronFX UK's website. The Trading Terms and Conditions are governed by the laws of England, and must be agreed by you prior to the IronFX UK or the Parent Company providing investment services to you. Prior to you accessing investment services IronFX UK must obtain account opening information from you for the benefit of itself and the Parent Company. Following review of this information and satisfaction of other account-opening requirements (for example, your acknowledgement of the full risk disclosure on the IronFX UK website and provision by you of any additional documents that may be required), if the Parent Company decides to open a trading account for you and IronFX UK is prepared to establish a client relationship with you, then both companies will enter into the Trading Terms and Conditions with you. IronFX UK s role is limited to promoting the Parent Company s service to you, assisting you with the Parent Company s account opening process and, if you decide to place through IronFX UK any orders for your trading account carried by the Parent Company, to receive those orders and transmit them to the Parent Company for execution. However, it is important for you to understand that, although you will be contracting both with the Parent Company and IronFX UK, you will be trading only with the Parent Company since (unless otherwise agreed and in exceptional circumstances) your trading account will be opened with the Parent Company. Accordingly, IronFX UK will have no liability to you except to the extent required by applicable law including the rules of the FCA. The FCA s rules (including the FCA s client protection rules) will not apply in respect of the Parent Company s dealings with you. 2

3 Please note that IronFX UK will receive fees from the Parent Company for introducing you to the Parent Company and for helping you to complete the Parent Company s account opening process. This fee will be calculated by reference to the frequency and volume of transactions which you enter into with the Parent Company. Compensation In the event of a failure of the Parent Company you will not have access to the UK Financial Services Compensation Scheme (the FSCS ) or the protections contained in the FCA s rules for retail clients as the Parent Company is not regulated by the FCA. Instead, as mentioned in the Trading Terms and Conditions, you will have access to the Investor Compensation Fund ( ICF ) for Clients of Cypriot Investment Firms. The maximum amount of compensation payable is 20,000. In the event of a failure by IronFX UK which results in loss to you, you may be entitled to compensation from the FSCS if IronFX UK cannot meet its obligations to you. For most kinds of business in investments, you would receive the first 50,000 of any claim in full. Further information about the FSCS can be obtained from Financial Services Compensation Scheme, 10th Floor, Beaufort House, 15 St Botolph Street, London EC3A 7QU. Complaints In the event that you wish to complain about any aspect of the services provided by the Parent Company then you should contact the Parent Company s Compliance Officer using the complaint form which is available on the Parent Company s website at df. In the event that you wish to complain about the conduct of IronFX UK then you should contact the compliance officer at IronFX UK at the address below in the first instance where your complaint will be considered promptly. Information about IronFX UK's procedures for the handling of complaints are published on this website. If you remain dissatisfied with IronFX UK s handling of your complaint or dispute you may in certain circumstances refer the matter to the Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR. Risks It is important to understand that trading in forex, CFD, spread betting and other financial derivative products carries a high degree of risk and leverage and therefore the potential to lose more than your initial investment in a short period of time. It is possible to lose all of your capital. Such investments are not suitable for all clients and in any event should form no more than a small part of a balanced portfolio. If prices move against you then you may be required by the Parent Company to deposit further funds immediately to avoid the Parent Company closing one or more of your trades. 3

4 Please note that there are other extensive risks associated with trading in forex, CFDs, spread betting, binary options and other financial derivative products which are summarised in the Trading Terms and Conditions and also described in the Risk Disclosure on this website. You must give these careful consideration prior to placing any trades, and before opening a trading account you must read carefully and acknowledge the Risk Disclosure. If you are in any doubt about the merits of entering into the forex, CFD, spread betting and other financial derivative products offered by the Parent Company then you must obtain independent financial advice from a person authorised by the FCA. Appropriateness IronFX UK is required under the FCA s rules to obtain information about your relevant knowledge and experience so that IronFX UK and the Parent Company can assess whether it is appropriate for you to trade with the Parent Company in the financial instruments that it offers and to use the related services of IronFX UK. If you choose not to provide IronFX UK with the information that it requests, or if you provide it with insufficient information, it and the Parent Company will not be able to determine whether their respective services are appropriate for you. In these circumstances IronFX and the Parent Company may not be able to deal with you. Please note that neither IronFX UK nor the Company will assess or ensure the suitability of any transaction you place because you are not being provided with advice. If you are in any doubt any transaction you must seek advice from an appropriately regulated FCA authorised firm. Any information you provide to IronFX UK and to the Company must be correct. You must immediately inform IronFX UK and the Company of any material change to the information provided by you. Conflicts of Interest IronFX UK and the Parent Company each have a Conflicts of Interest policy in place. The policy identifies circumstances in which conflicts of interest may arise between the Parent Company or IronFX UK and you and between the interests of different clients. It also sets out the procedures to be followed and measures to be adopted in order to manage such conflicts. In particular the policy contains provisions which prevent the Parent Company from exercising undue influence over IronFX UK during the account opening process. A copy of the policy is available on request from Iron FX UK s Compliance Officer at the address below, and there is a summary of the policy on this website. 4

5 Contact IronFX UK You can contact IronFX UK by to or by phoning +44 (0) or by writing in English to: IronFX Global UK Limited Bevis Marks, 2 nd Floor, London EC3A 7JB United Kingdom Acknowledgements IronFX UK provide their services on the basis set out above. By dealing with IronFX UK, whether by applying through IronFX UK to establish a trading Account with the Parent Company or by placing orders with IronFX UK, you acknowledge and agree that you have read, understood and accept this Important Notice. Version: 06 July 2015 Copyright 2015 IronFX Global UK Limited. All Rights Reserved 5