This agreement is between the client and Maestro-Wealth Capital Trading LTD, referred
below shortly as
MaestroWealth. Maestro-Wealth Trading Capital LTD operated the website and owns the
trading platform
maestrowealthforum.com, the owners of the MaestroWealth trading platform. This agreement
supersedes any
other agreement, and in the event of any interpretation issues with respect to any other
sources, this agreement shall prevail. Any perceived contradictions should be relayed
immediately to MaestroWealth for clarification. Any differences that may be perceived
between
the English literature and any of the other operational languages, the English version
will default as the correct interpretation. Order by which items appear have no relation
to their importance.
BASELINE DEFINITIONS USED IN THIS LEGAL DOCUMENT
Client: The “Client” is defined as any counterparty to Maestro-Wealth
Capital,
including but not limited to subscribers and users of the Maestro-Wealth Capital
platform. This
may refer to an individual or an institution.
Base Currency: The base currency refers to the currency in which all
the transactions are made from or to Maestro-Wealth Capital. The base currency in this
document
is United States Dollar, commonly abbreviated as USD or represented as $.
Business Day: Business day refers to any day where the banking system
is open in Limassol, Cyprus.
Products: Products refer to all the products offered by Maestro-Wealth
Capital,
including but not limited to, the platform and over the telephone.
Guarantee Enhancer: Guarantee Enhancer refers to any guarantees
provided over and above the funds in a client's account registered with Maestro-Wealth
Capital.
Trading Platform: Trading Platform refers to the electronic software
provided to clients by Maestro-Wealth Capital for the purpose of executing financial
transactions for Forex trading.
Trade: Trade refers to an execution of an order through the
Maestro-Wealth
Capital trading platform, or via the telephone.
OTC: OTC is abbreviation for Over-The-Counter. OTC refers to the
transactions executed by Maestro-Wealth Capital. All of our transactions are over the
counter.
We do not transact on exchanges.
Maestro-Wealth Capital Trading Desk: Maestro-Wealth Capital Trading
desk refers to the
trading desk operated by us at our premises.
Age Restrictions: Trading service provided only to clients from 18
years old and above.
Maestro-Wealth Online Trading System: Maestro-Wealth Capital Online
Trading System
refers to the web-based trading system available at the following URL:
www.maestrowealthforum.com
Network: Network refers to all kinds of equipment involved in the
execution of transactions; including but not limited to. hardware, software and the
Internet capabilities of both parties.
Completed Trade: Completed Trade is associated with any transaction
where a confirmation is communicated to a client. Confirmation may take many forms,
including, but not limited to, the posting of a transaction on the client’s trading
blotter.
COMMUNICATING WITH Maestro-Wealth
The client can contact Maestro-Wealth via Livechat, email, mail, helpdesk or fax. Please
note
that the preferred language of communication is English, however, you are free to send
messages in Arabic, French, Italian, or German. Maestro-Wealth prides itself in replying
promptly to our client’s queries. Maestro-Wealth may utilize the services of a
translator for
addressing inquiries made in languages other than the ones mentioned above. In event
that a translator’s services are utilized, there may be a delay in the promptness of our
response.
LEGAL RELATIONSHIP
Maestro-Wealth is the counterparty in all transactions. This is a consequence of the
nature of
the products that Maestro-Wealth offers.
INITIATION OF AGREEMENT
The clauses of this agreement become effective when a client creates any kind of account
with Maestro-Wealth.
BUSINESS AND REGULATORY ENVIRONMENT
Maestro-Wealth, comply with generally accepted rules and regulations, as well as
generally
accepted accounting norms. As is the case with multinational entities, Maestro-Wealth
will
adhere to the applicable laws of the jurisdiction in which it operates. Maestro-Wealth
can and
will pursue matters in any recognized jurisdiction.
POLICY ABOUT REGULATORY INQUIRY
Maestro-Wealth will observe total compliance when a government or a regulatory body
approaches
for more details about a specific account or a specific transaction. Maestro-Wealth
discloses
information to regulatory agencies and government agencies only. We do not disclose any
kind of information about the accounts we manage or about specific transactions to
private third parties.
COSTS ASSOCIATED WITH ACCOUNTS REGISTERED WITH Maestro-Wealth
With the exception of ECN related activity, the costs attributed to our clients or in
other words, our revenue, is incorporated in the spread of the instrument that the
client trades. If for any reason, the client’s activity triggers additional costs,
Maestro-Wealth passes those costs onto the client.
INACTIVITY CHARGE
In case of lack of activity in the trading account for more than 3 months, a fee of
$99.90 will be charged every month starting from the third month that there are no new
trades open in the trading account.
By reading this, the client agrees that this agreement will be in effect until the he or
she terminates the agreement by placing a written request to Maestro-Wealth, or if
Maestro-Wealth
notifies the client about the termination of the agreement, regardless of the reason. It
is recommended that if the client wishes to cancel agreement, he notify Maestro-Wealth
by
registered mail. Termination of contract does not release either party of any
liabilities that it has accumulated during the contract period. Maestro-Wealth reserves
the
right to make any modifications or changes as necessary to this agreement, with or
without notifying the client. It is recommended that the client check the validity of
this agreement from time to time.
The Company’s services and products traded are only available to individuals who are at
least 18 years old (and at least the legal age in your jurisdiction). You represent and
warrant that if you are an individual, you are at least 18 years old and of legal age in
your jurisdiction to form a binding contract, and that all registration information you
submit is accurate and truthful. The Company reserves the right to ask for proof of age
from you and your account may be suspended until satisfactory proof of age is provided.
The Company may, in its sole discretion, refuse to offer its products and services to
any person or entity and change its eligibility criteria at any time. The website is
owned and operated by Maestro-Wealth Capital Market LTD.
