TERMS AND CONDITIONS
Forxmine Trading Services Ltd. (hereinafter referred to as the "Company", “Forxmine”, “We” or “Us”), with Registration No: 2904250061502
Registered Address: Ruko Galakxy Taman Palem Lestari Blok K No.79, Desa/Kelurahan Cengkareng Barat, Kec. Cengkareng, Kota Adm. Jakarta Barat, Provinsi.
Prepared By:
Forxmine Trading Services Ltd
By accessing this website, you agree to be bound by the terms and conditions outlined below, which apply to both this website and any content found within it. Forxmine Trading Services Ltd. reserves the right to revise these terms and conditions at any time without prior notice. It is your responsibility to review these terms regularly. Continued use of the website after such updates signifies your acceptance of the revised terms.
Note: The English version of this agreement shall prevail in case of any discrepancies between it and translated versions. These terms and conditions, along with any schedules and related documents, as updated from time to time (this “Agreement”), govern the contractual relationship between you and us. Please read carefully and contact us if you have any questions or need clarification.
The business name “Forxmine Trading Services Ltd.” and the domain “https://www.forxmine.com” identify a Forex broker offering services for Spot FX and CFD Contracts. Forxmine Trading Services Ltd. owns and operates the websites and brand names listed on “https://www.forxmine.com”. You agree to become a client of the Company, and the agreement will only take effect upon confirmation that an account has been opened in your name following your first deposit. This relationship will be governed by the terms set forth herein, subject to future amendments. You acknowledge and agree that the official language of communication with the Company is English and that you should refer to the English legal documentation on the Company’s website for all official information and disclosures.
SCOPE OF THIS AGREEMENT
This Agreement defines the framework under which we will deliver services to you and applies to each transaction made or pending after its acceptance.
COMMENCEMENT
This Agreement replaces any prior agreements on the same subject and becomes effective once you accept it through our website. It covers all transactions under its scope.
1. DEFINITIONS OF TERMS
- Account – The trading account opened by the Client with the Company.
- Agreement – This document including Business Terms and any other referenced documentation.
- Authorized Person – An individual authorized by the Client to issue instructions.
- Base Currency – The main currency of the Client’s account.
- Business Day – Any day in which banking operations relevant to Forex are conducted.
- CFD – Contract for Difference related to Forex, stocks, indices, metals, or other commodities.
- Client – A natural or legal person who receives investment or related services from the Company.
- Contract – Any transaction involving the buying or selling of currencies or Financial Instruments.
- Equity – The net value of assets in the account including unrealized profit/loss.
- Financial Instrument – Foreign Exchange and Contracts for Difference.
- Forex (FX) – Currency trading, involving the buying and selling of one currency for another.
- Introducing Broker – An intermediary earning compensation for referring Clients or forwarding orders.
- Margin – The required deposit to open a position.
- Margin Call – Automatic closure of open positions if margin levels fall below required thresholds.
- Margin Level – Equity expressed as a percentage of open positions.
- MiFID – Markets in Financial Instruments Directive 2004/39/EC.
- Power of Attorney – Legal authority given by the Client for third-party action.
- Spread – The difference between bid and ask prices.
- Trading Platform – The digital infrastructure used by the Company to provide services.
- Trading Terminal – The interface through which the Client interacts with the Company.
- Transaction – Any trading activity, including deposits and withdrawals.
2. PROVISION OF SERVICES
The Company shall provide the following:
Investment Services:
Execution and transmission of orders for Financial Instruments.
Ancillary Services:
- Assistance in loans or credit linked to financial instruments.
- Foreign exchange services related to investments.
Applicable to: Options, futures, swaps, forwards, and other derivatives based on financial instruments, indices, or benchmarks that may settle in cash or delivery. The available Financial Instruments and Transaction types are listed on our website and may be updated without prior notice.
Important Notes
- The Company does not provide investment advice.
- Any communication with Company personnel does not constitute a recommendation.
- Information on the website is not tailored to specific financial situations and is for general purposes only.
- Clients are responsible for their investment decisions and outcomes.
- All strategies, trades, and decisions remain the Client’s sole responsibility.
3. MARGIN TRADING
- Forex and CFD transactions are leveraged and require a specific margin deposit.
- Clients must review and accept the Risk Disclaimer available on the Company’s website.
- If account equity falls below margin requirements, open positions will be closed automatically.
- Excessive leverage or losses can lead to forced liquidation.
- Margin calls are automated and non-negotiable.
- Clients are encouraged to maintain sufficient margin levels.
- The Company may modify margin requirements at its discretion.
Clients acknowledge that:
- The Company does not assess the appropriateness of margin trading for each Client’s financial situation.
- The Company determines collateral conditions and margin requirements.
- Client assets are pledged as security.
Margin requirements can change without notice.
- Leveraged trading may result in significant losses beyond the initial deposit.
- Clients must provide additional margin quickly when required.
- Failure to do so can lead to liquidation and loss liability.
- Volatile price movements can close positions without warning.
- The Client can view margin status through the trading platform.
- Margin notifications are only displayed via the online platform.
4. RISK ACKNOWLEDGEMENT
- Clients accept that Transactions are:
- Speculative by nature.
- Involve high financial risk due to price volatility.
- Suitable only for those who can afford substantial losses.
Additional acknowledgments:
- No guarantee is provided for capital preservation or returns.
- Investments may lose all value.
- Losses may exceed the initial investment and margin amount.
5. CLIENT’S ACCOUNT
- Clients must open an account to perform trades with the Company.
- Accounts are not to be used for payments to third parties.
- The application process is completed online.
- Required documents must include:
A valid identification document (passport or ID card), clearly
showing photo, signature, personal details, issuance/expiry info,
and serial number
