Terms & Conditions

 

 

We offer full account privileges to Citizens of every country, including the USA. Gran Degoldens FX as a Company has undertaken all necessary measures to protect clients’ funds. Clients’ funds are received in the Company’s segregated client bank account. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company.The Company maintains operational and client bank accounts with reputable EU banking institutions.

 

Grandegoldens FX was created by Professional Foreign Exchange (FX) Traders who have spent decades of their lives in the dealing rooms and treasuries of some of the biggest Interbank Foreign Exchange Banks. We have created the perfect trading environment for aspiring serious traders to practice the skills and strategies required for profitable trading.

 

Grandegoldens FX is a serious Forex Brokerage operated by industry Professionals with unprecedented market experience. It is this “market experience” that is the key element to our excellent service and makes us unique from other forex broker. We have traded through numerous wars, coups and market crises. You will not find this level of experience anywhere else. It is these rules that make our execution unquestionably one of the best in the market.

 

Before you begin using our services and setting up your account with, Gran Degoldens FX (herein referred to as “we,” “us,” or “Company”), please read the following Terms and Conditions / client Agreement (the: “Agreement”).

 

If you (“you” or “Client”) agree to these Terms, and wish to use our Company website www.grandegoldens.com. For any sub-domain (“Site” or “Web Site”), please click on the “I Agree” button. This Agreement together with all additional rules, policies and disclaimers published on the Site or otherwise notified to you will constitute a binding agreement between you and Company and that this Agreement constitutes a "writing signed by you" under any applicable law or regulation. This Agreement is subject to change by the company without prior notice (unless prior notice is required by law), by posting of the revised Agreement on the Gran Degoldens FX Web site. Note that any violation of this Agreement may result in termination your account with the Company.

 

By using the Site and our Services, you represent that you have read and understand this Agreement and agree to be bound by it. If you do not agree with this Agreement, in whole or in part, please do not continue to use the Site.

 

In the event that you have any complaints, claims or disputes with regard to any outcome regarding the services or any other activity performed by Company, you should in the first instance contact Company Customer Service via the 'Contact Us' details on the web site.

 

If these conditions are translated into another language, the English Language version will prevail in the event of any conflict between the translation and the English language version. Please note that these Terms and Conditions shall prevail in the event of any conflict between these Terms and Conditions and any of the game rules or other documents referred to in these Terms and Conditions.

 

 

APPLICATION OF TERMS AND CONDITIONS

 

1. By using our services and/or by acknowledging that you have read this Agreement when you register to open your Account with us (the: “Account”), you agree to comply with this Agreement, and you acknowledge that your failure to comply with the terms and conditions of this Agreement may result in disqualification, the closure of your Account, forfeiture of funds and/or legal action against you, as appropriate and as further specified in this Agreement. You acknowledge that if you accept this Agreement, we will start providing you with the benefit of the services and as a consequence of this, if you accept this Agreement when registering for our services, you will not later be able to cancel your registration, although you can close your Account in accordance with this Agreement.

 

LEGAL USE REQUIREMENTS

 

2. Client may only use our services if he/she are at the minimum legal age in Client’s jurisdiction and it is legal for you to do so according to the laws that apply in Client’s jurisdiction. Company reserves the right to ask for proof of age from Client and Client’s account may be suspended until satisfactory proof of age is provided.

 

3. Client understands that laws regarding financial contracts and foreign exchange trading vary throughout the world, and it is Client's obligation alone to ensure that Client fully complies with any law, regulation or directive, relevant to Client's country of residency with regards to the use of the Web site. For avoidance of doubt, the ability to access to the Company’s Web site does not necessarily mean that the Company’s services, and/or Client's activities through it, are legal under the laws, regulations or directives relevant to Client's country of residency.

 

4. Company’s Web site does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized, or to any person to whom it is unlawful to make such an offer or solicitation. Access to this Web site, and the offering of financial contracts or foreign exchange trading via this site, may be restricted in certain jurisdictions, and, accordingly, users accessing this site are required to inform themselves of, and to observe, such restrictions.

 

5. You understand and accept that Company is unable to provide you any legal advice or assurances and that it is your sole responsibility to ensure that at all times you comply with the laws that govern you and that you have the complete legal right to use the services. Any use of the services is at your sole option, discretion and risk.

 

CLIENT REPRESENTATIONS AND WARRANTIES

 

6. Client represents and warrants that:
 

6.1. If Client is a natural person, Client is of sound mind, legal age and legal competence.
 

6.2. if Client is not a natural person,

 

(A) Client is duly organized and validly existing under the applicable laws of the jurisdiction of its organization;

(B) execution and delivery of this Agreement and all contracts and other transactions contemplated hereunder and performance of all obligations contemplated under this Agreement and all other transactions contemplated hereunder have been duly authorized by Client; and

(C) each person executing and delivering this Agreement and all other transactions contemplated hereunder on behalf of the Client performing the obligations contemplated under this Agreement and all other transactions contemplated hereunder on behalf of Client, has been duly authorized by Client to do so.

 

6.3. No person other than Client has or will have an interest in Client’s account and Client has not granted and will not grant a security interest in Client’s account with the Company (other than the security interest granted to the Company hereunder) to any person without the Company’s prior written consent. Client has full beneficial ownership of all collateral and will not grant any security interest in any collateral to any person (other than the security interest granted to the Company hereunder) without the Company’s prior written consent.
 

6.4. Client is not now an employee of any exchange, any corporation in which any exchange owns a majority of the capital stock, any member of any exchange and/or firm registered on any exchange, or any bank, trust, or insurance company, and in the event that Client becomes so employed, Client will promptly notify us, at the Company's home office, in writing, of such employment.
 

6.5. Client will execute and deliver all documents, give all notices, make all filings and take such other actions as the Company, in its sole discretion, deems necessary or desirable to evidence or perfect any security interest in favor of the Company or to protect the Company’s interests with respect to any Collateral.
 

6.6. Client has read and understood the provisions contained in this Agreement, including, without limitation, the Company’s Risk Disclosure Statement.
 

6.7. Client will review this Agreement each time it is amended; and

 

(A) Client will not affect any transaction in Client’s account unless Client understands this Agreement, and Client agrees that in effecting any transaction it is deemed to represent that it has read and understood this Agreement as in effect at the time of such transaction; and

(B) Client agrees to, and shall at all times comply with all applicable laws, statutes and regulations and Client hereby declares that the execution and delivery by Client of this Agreement and all other transactions contemplated hereunder, and performance of all of Client’s obligations contemplated under this Agreement and any other transaction contemplated hereunder, will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to Client .

 

6.8. Client shall not use his Account with the Company for any illegal activity.

 

THE SERVICES

 

7. The Company shall provide you with access to trading transactions and quotes for performing foreign exchange trading and/or trading with financial contracts or instruments or contracts that are defined as "contract for difference" ("CFDs")and/or to purchase and/or sell in foreign exchange contacts in the international over the counter ("OTC") markets and/or contracts for differences in commodities, metals, currencies and indices (collectively will be called: "Financial Instruments" or “Services”).

 

8. The Company is authorized to purchase and sell the Financial Instruments for Client’s account in accordance with Client’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Client is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or the company’s trading facilities.

 

9. The Client knows and acknowledges that when he trades CFDs on stocks the following provisions shall apply:
 

9.1 He will not be permitted to receive any benefit from the distribution of dividends while trading stocks. It is the Clients duty to be aware of the dividend distribution date and thus he is obligated to close positions prior to 22:55 (MT4 Server Time) the last business day before the dividend distribution. 
 

9.2. In addition, the Company may close retroactive CFDs transactions according to the market price at the closing date, that is, 23:00 (MT4 Server Time), the last business day before the dividend distribution date regardless of profit or loss accrued on those transactions. The Client acknowledges that he is not allowed and cannot accumulate profits on CFDs transactions which are open at the time of distribution of dividends and the company may cancel these transactions or subtract any profits or benefit generated from these transactions.
 

9.3. The Company may cancel and / or close arbitrage transactions (risk-free profit), particularly those where the quotes were not at market prices and / or were in contrasting identity. All CFDs transactions will be closed by the client until the end of the trading day, as defined in accordance with the policy determined by the Company from time to time.

 

10. Client agrees to be conclusively responsible for any instruction received electronically that is identified with Client’s password and account number and for any electronic, oral and written instruction to the Company from persons the Company, in its sole judgment, believes are apparently authorized by Client.

 

11. The Company shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by the Company in reliance on any such instructions or on the apparent authority of any such persons.

 

12. All transactions under this Agreement shall be subject to the constitution, by-laws, rules, regulations, customs, usage, rulings and interpretations of the counter party institution or other interbank market (and its clearing organization, if any) where executed and to all applicable laws and regulations.

 

13. It is hereby clarified that OTC is not traded on a regulated exchange. There are no guarantees to the credit worthiness of the counter party of your FX/CFD position. Also, there may be certain cases in which trading liquidity decreases, causing FX/CFD’s in commodities, currencies metals and indices to cease, thereby preventing the liquidation of an adverse position which may result in a substantial financial loss.

 

14. Therefore, Trading in OTC is suitable only for those sophisticated institutions or sophisticated participants financially able to withstand losses which may equal the value of margins or deposits.

 

15. Company reserves the right to suspend, modify, remove and/or add any Service in its sole discretion with immediate effect and without notice and Company will not be liable for any such action.

 

16. Company forbids the use of all unfair practices when using its Services. We do this to protect our customers and the integrity of the Services. If any Client is found to be participating in any form of activities that we consider to constitute cheating his or her account may be permanently closed and any balance may be at risk of forfeiture or withholding as per this Agreement.

 

17. Client understands and agrees that Company’s records shall be the final authority in determining the Client’s use of the services, the activity resulting there from, and the circumstances in which such activity occurred.

 

18. The Company will attempt to execute all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Client’s. The Company reserves the right to refuse to accept any order. However, the Company shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of the Company including, without limitation, loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities.

 

19. Company will not be liable in any way in the event of failure of or damage or destruction to Client’s computer systems, data or records or any part thereof, or for delays, losses, errors or omissions resulting from the failure or mismanagement of any telecommunications or computer equipment or software.

 

20. You agree to be fully and personally liable for the due settlement of every transaction entered into under your account with the Company. You are responsible for ensuring that you alone control access to your account, and that no minor or other person is granted access to trading on the Web-site using your account. In any case, you alone remain fully liable for any and all positions traded on your account, and for any credit card transactions entered into the Site for your account. You agree to indemnify the Company fully in respect to all costs and losses whatsoever as may be incurred by the Company as a result, direct or indirect, of your failure to perform or settle such a transaction.

 

21. You agree that in the case that any financial contract is acquired or sold at prices that do not reflect its market prices, or that is acquired or sold at an abnormally low level of risk (the "mispricing") due to an undetected programming error, bug, defect, error or glitch in our Web site software or any other reason resulting in mispricing (for the purpose of this section the "error"), the Company will not be liable for the resulting errors in account balances and the Company reserves the right to cancel such transactions upon notifying you of the nature of the computer error that led to the mispricing. You have a duty to report to the Company any problem, error or suspected system or other inadequacies that you may experience.

 

22. Client agrees that the prices which the Company deals at or quotes may or may not be similar to prices which the maker is dealing at or quoting. Furthermore, Client agrees that internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed do not accurately reflect market rates.

 

23. The Company will not be responsible for deals opened by client not according to the above trading rules.

 

24. The Company not provides investment advice. The market recommendations, signals, information provided by and/or distributed by Company are general in nature and based solely on the judgment of Company's personnel or from third party information providers. Company cannot and does not guarantee the accuracy or completeness of professional information distributed by it to you or posted on its website, and does not represent that reliance on such information will eliminate the risk inherent in trading Financial Instruments. Any information provided by Company and/or its subsidiaries, affiliates or agents, or third party information providers, does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Financial Instruments transaction. Customer understands and hereby agrees that Customer is capable of, and solely responsible for, assessing the merits and risks of any trade it may enter into.

 

25. Company reserves the right to suspend the operation of this site or any part or sections of it. In such an event, Company may, at its sole discretion (with or without notice), close out the Client’s' open financial contracts at prices it considers fair and reasonable at such a time and no claims may be entertained against the Company in connection thereto.

 

26. Company, at its sole discretion, imposes volume or other limits on Client’s accounts.

 

ACCOUNT CREATION/REGISTRATION

 

27. To use Company’s Services, Client will first need to register for an account with Company.

 

28. Client can open an account with us by choosing a unique account name and password and entering other information that Company asks for on our registration form. You shall ensure that the details provided at registration are accurate and kept up to date.

 

29. The account information supplied during the account creation process is kept confidential for our own purpose according to the Company’s Private Policy.

 

30. You represent and warrant that the financial information disclosed to us in your application is an accurate representation of your current financial condition. The Client agrees to immediately inform us if the Client’s financial condition changes in such a way to reduce the Client are net worth, liquid assets and/or risk capital.

 

IDENTITY AND SINGLE ACCOUNT REGISTRATION

 

31. The name on your account must match your true and legal name and identity and the name on your account registration must match the name on the credit card(s) or other payment accounts used to deposit or receive funds in your Account.

 

32. Client acknowledges that applicable laws require financial institutions to obtain, verify, and record information identifying each person who opens an account and, accordingly, Client has provided the Company with certain identifying information and documents. Client confirms that Client has provided true, accurate, current and complete information during the registration process, and that Client has not impersonated any person or entity, or misrepresented any affiliation with another person, entity or association, used false headers or otherwise concealed Client's identity from the Company for any purpose. To verify your identity, Company reserves the right to request at any time satisfactory proof of identity (including but not limited to copies of a valid passport / identity card and/or any payment cards used) and proof of address (including but not limited a recent utility bill or bank statement).

 

33. Failure to supply such documentation may result in suspension of the account.

 

34. You are prohibited from holding more than one account.

 

35. If you have more than one account or accounts in different names, then you must contact us immediately to have your accounts managed so that you only have one account.

 

36. Should Company have reasonable grounds to believe that multiple accounts have been opened with the intention to defraud the Company, Company reserves the right to cancel any transaction related to the said fraud attempt.

 

37. The Account name and password (including answers to any security questions) should not be disclosed to any third party. You are solely responsible for the security of your Account name and password (including answers to security questions).

 

38. You agree to keep your Account name and password secret and confidential and not to allow anyone else to use it. Every person who identifies themselves by entering a correct username and password is assumed by Company to be the rightful Account holder and all transactions where the username and password have been entered correctly will be regarded as valid.

 

39. In no event will Company be liable for any loss you suffer as a result of any unauthorized use or misuse of your login details. Company shall not be required to maintain Account names or passwords. If you have lost your Account name, username or password, please follow the web site instructions for a replacement.

 

WITHDRAWAL AND DEPOSIT PROCEDURES

 

40. Client acknowledges and accepts the Company's procedures with respect to withdrawals and deposits to accounts as set forth below.

 

41. Withdrawal orders: The provision of documentation as may be required from time to time by AML (Anti Money Laundering) regulations, credit card companies or by Company, is a prerequisite, prior to the execution of a withdrawal order. This is also to protect our Clients and ensure no fraudulent activity is carried out and although there maybe delays due to any security review undertaken.

 

42. As well as any other verification processes we may undertake, we reserve the right to request you to provide additional proof of identity to assist with our Anti Money Laundering before processing your withdrawal. Upon request we reserve the right to request specific proof of identity in the form of, including but not limited to: passport number, driving license, photocopy of a valid identity document, utility bill or header of a recent bank or card statement. We reserve the right to suspend your account until you have satisfactorily completed these checks.

 

43. All payments to and from your account must be paid in the currencies available on the Web-site and shall not bear interest. You shall ensure that all payments into your account are from a payment source for which you are the named account holder.

 

44. Credit card deposits may be, according to credit card companies' regulations, returned to the same credit card when a withdrawal is performed.

 

45. A withdrawal to a bank account where initial deposits have been performed by credit cards will be executed back to credit card or to the bank account at the Company discretion. Withdrawals to bank account may take a longer time period, due to additional security procedures.

 

46. Credit Card Deposits: Client's credit card may be debited sums which due to exchange rates and credit card companies’ fees, and therefore it may slightly vary from the initial sum that has been deposited by Client in the account base currency. Client hereby accepts that such variations may occur and hereby affirms that Client shall not seek to object or charge this back.

 

47. When depositing via Bank Transfer, as required by anti money-laundering regulations, Client is required to use only one bank account, which is in Client's country of residence and in Client's name. An authentic SWIFT confirmation, showing the origin of the funds, must be sent to the Company. Failure to submit such SWIFT may result in the return of the deposited amount, hence preventing the deposit of such pending amounts to Client's account. Any withdrawal of funds, from Client's Account at the Web-site to a bank account, can only be refunded to the same bank account that the funds were originally received from.

 

48. Alternative payment methods (internet payment vendors; money transfer services; etc.): when depositing funds using a facility other than credit cards and/or banks, you agree to, and acknowledge being bound by, the regulations and rules of such service, including, but not limited to, fees and other restrictions. The Company, at its sole discretion, may execute withdrawals to a facility other than the facility used for the original deposit, in accordance with anti money-laundering regulations.

 

49. All amounts you withdraw are subject to the transaction limits and any processing fees for deposits and withdrawal methods that we notify you.

 

DECLARATION

 

50. By acceptance of this Agreement, Client hereby declares that the moneys invested in Client's account with the Company do not originate from drug trafficking, abduction, or any other criminal activity.

 

COMPANY’S EMPLOYEES OR AFFILIATES

 

51. If you are an officer, director, employee, consultant or agent of Company or one of its subsidiary, parent or associated companies, or suppliers or vendors, you are not permitted to register for an account with Company or to use directly or indirectly any of the Services, other than in the course of your function as an Company staff member.

 

MARKET INFORMATION & RECOMMENDATIONS

 

52. Client acknowledges that

 

(i) any market recommendations and information communicated to Client by the Company or by any person within the company, does not constitute an offer to sell or the solicitation of an offer to buy any financial instruments,

(ii) the Company makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or trading recommendation furnished to Client

(iii) Client acknowledges that the Company and/or its officers, directors, affiliates, associates, stockholders or representatives may have a position in or may intend to buy or sell financial instruments, which are the subject of market recommendations furnished to Client, and that the market position of the Company or any such officer, director, affiliate, associate, stockholder or representative may not be consistent with the recommendations furnished to Client by the Company.

 

53. Company may make available to you through one or more of its Services a broad range of financial information that is generated internally or obtained from agents, vendors or partners ("Third Party Providers"). This includes, but is not limited to, financial market data, quotes, news, analyst opinions and research reports, graphs or data. ("Market Information").

 

54. Market Information provided on the Web-site is not intended as investment advice. Company does not endorse or approve the Market Information, and we make it available to Client only as a service for his own convenience. Company and its Third Party Providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the Market Information, or warrant any results from Client’s use or reliance on the Market Information.

 

55. Market Information may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Neither Company nor the Third Party Providers are obliged to update any information or opinions contained in any Market Information, and Company may discontinue offering Market Information at any time without notice.

 

56. Client agrees that neither Company nor the Third Party Providers will be liable in any way for the termination, interruption, delay or inaccuracy of any Market Information. Client will not "deep-link", redistribute or facilitate the redistribution of Market Information, nor will provide access to Market Information to anyone who is not authorized by Company to receive Market Information.

 

57. Client further acknowledges that should Client grant trading authority or control over Client’s account to a third party ("Trading Agent"), whether on a discretionary or non-discretionary basis, the Company shall in no way be responsible for reviewing Client’s choice of such Trading Agent nor making any recommendations with respect thereto. If Client gives Trading Agent authority to exercise any of its rights over Client’s account, Client understands that Client does so at Client’s own risk.

 

LIMITED LICENSE

 

58. After approving your account the Company will grant you a non - exclusive, non - transferable and limited personal license to access and use the Web site (the "license"). This license is conditioned on your continued compliance with the terms and conditions of this Agreement. The license will terminate if the Company believes that any information provided by you, including your e-mail address, is no longer current or accurate, or if you fail to otherwise comply with any term or condition of this Agreement and all rules and guidelines for each service.

 

GUARANTEES, DEPOSIT REQUIREMENTS & COLLATERAL

 

59. Client shall provide to and maintain with the Company guarantees in such amounts and in such forms as the Company, in its sole discretion, may require. Company may change its requirements at any time.

 

60. Client agrees to deposit by immediate wire transfer, or other payment method acceptable to the Company, such additional guarantees when and as required by the Company and will promptly meet all guarantees calls in such mode of transmission as the Company in its sole discretion designates.