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Volity Trade Ltd

Company Number : 2024/0059

Rodney Bay. Gros Islet, St. Lucia

Terms of Business

March 2024

1. Introduction

Volity Trade Ltd with the tradename (Volity) is a company registered in St Lucia with company number 2024/059, with Principal and Registered Office at Rodney Bay, Gros Islet, St Lucia.

This Agreement, also referred to as the “Client Agreement” contains the terms of business relevant to your trading activities with Volity Trade Ltd and is an agreement between you (referred to as “you” or the “Client”) and Volity Trade Ltd (the “Company”, “us”, “we”, “our”, “ours” or” ourselves”, as appropriate).

1.1

Terms of Business together with the following documents, as well as, any other Appendices added thereto (all together the “Agreement”) set out the terms upon which we will offer our Services to you, the rights and obligations of both Parties and govern the relationship and trading activity between us and you. By completing and signing the Application Form or by ticking the relevant “I agree” box online you acknowledge that you have read, understood, and agree to be legally bound by the Agreement

i The Risk Disclose and Warning Notice.

ii Our Execution Policy.

iii Your completed Application Form.

iv any other specific terms and conditions relating to the Company, which will be displayed on the relevant website.

v Any relevant software license, and

vi Any additional terms and conditions issued by us, including those relating to Trading Accounts and/or other terms issued in respect of transactions contemplated by these Terms of Business.

1.2

Documentation between us and you is in English and our Website is in English. Where the Agreement or any supplementary documentation, or our Website has been translated into a language other than English, you expressly agree that the English language version shall prevail in the event of any conflict. For your own benefit and protection, the Agreement should be read carefully and understood by you.

1.3

Defined terms used in this Agreement are set out in the Act (“Definitions and Interpretations”)

1.4

We are required by to act honestly, fairly and professionally in accordance with your best interests.

1.5

This Agreement may be revised from time to time in Accordance with clause 26 (Amendment and Termination), upon notice to you in writing, which may include displaying such revisions on our website

1.6

We reserve the right to modify, suspend or discontinue (temporarily or permanently) all or any of our Services, though if we do so we will endeavor to give you reasonable notice where it is practical to do so. This may include instruments, margin requirements and price spreads. You agree that we will not be liable to you or to any third party for any modification, suspension, or discontinuance of our Services.

1.7

The copyrights, trademarks, database and other property or rights in any information distributed to or received by the Client (including, but not limited to, our prices), together with the content of our website(s), brochures and other material connected with the company’s dealing service and in any database that contains or constitutes such information, will remain the sole and exclusive property of the Company or any third party identified as the owner of such rights.

1.8

The Agreement will commence on the date on which you receive notice from the Company that your Trading Account has been activated and will continue unless or until terminated by either party in accordance with clause 26.

1.9

This Agreement is an initial service agreement which relates to a series of successive or separate operations including, without limitation, Transactions. You have no right to cancel the Agreement on the basis that it is a “distance contract”

2. Definition

2.1

Words denoting the singular include the plural and vice versa; words denoting any gender include all genders; and words denoting persons include corporations, partnerships, other unincorporated bodies, and all other legal entities and vice versa.

2.2

Unless otherwise stated, a reference to a clause, party or a schedule is a reference to respectively a clause in or a party or schedule to this Agreement

3. Important Information

There is some important information we would like to draw your attention to:

3.1

The Company enters all trading transactions with you on a principal-to-principal basis (meaning that the Company will not be entering into trades as your agent) unless otherwise agreed with you. You acknowledge that you will also enter into this Agreement, including all trades contemplated by this Agreement, as principal and not as agent for any other person and that the Company will treat you as our Client for the purposes thereof

3.2

The trading Services provided by or on behalf of the Company are for margined Contracts for Difference (“CFDs”) on an execution-only basis. Accordingly, you hereby acknowledge that any information provided by us should not be taken to constitute advice to you on the merits or suitability of you entering any particular trade. Further, the Company does not advise on the merits or suitability of transactions or their tax consequences and accordingly, you will not benefit from the protection laws on assessing suitability. If you are unsure about whether trading with the Company is suitable for you, please seek independent advice prior to entering into this Agreement or any Transaction.

3.3

Make sure you are fully aware of the nature of the business and understand the risks involved. Please take note of how to open or close a position, how to place an order and how orders function, how to calculate your profit and loss, how to calculate initial Margin requirements, and the circumstances under which we can close your open positions. All of this information is set out on our website.

3.4

You are accountable for everything you do or omit to do. You must always check and be aware of your open positions.

3.5

The Company has the right to close your open positions in certain situations. If you wish to keep positions open, you may have to make payments to the Company at short notice.

3.6

CFD trading involves using terminology specific to that marketplace and/or our business. You should only trade if you fully understand the terminology used.

3.7

All transactions made under this Agreement are legally enforceable; this means that we can take legal action to recover money that you owe to the Company.

3.8

You are responsible for your own tax situation; you must obtain your own tax advice and be aware that your dealings may be subject to tax (for example due to your personal circumstances, current or new legislation or practice or because of the way you deal or the jurisdiction in which you are subject to taxation). Tax treatment depends on the individual circumstances of each Client and may be subject to change in future. You should seek your own advice regarding taxation matters.

3.9

It is not the Company’s responsibility to advise you of any changes in laws or market practices.

3.10

When trading in CFD products, you are placing trades on the movement of the price in a bespoke product that may or may not reflect the price in the underlying security, asset or index. At no stage are you acquiring the underlying security or asset.