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These General Terms and Conditions of Use apply to all users of www.noorfx.com.
By viewing and using the Website, you will be deemed to agree to these General Terms and Conditions of Use. If you do not agree to be bound by these terms, then you should stop accessing and using this Website.
In these terms and conditions, the following words have the meanings set out as follows: “we”, “us” and “our” are a reference to NOOR FX “you” and “your” are a reference to you.
As between you and www.noorfx.com the contents of The Website is NOOR FX copyright. No part of the Website may be distributed, resold, published, copied, reproduced, transmitted or stored and you are not permitted to incorporate the material or any part of it in any other work or publication (whether in hard copy, electronic or any other form) without NOOR FX express written consent. NOOR FX reserves the right to prohibit links to the Website and you agree to remove or cease any link upon NOOR FX Request. You may not frame any part of the Website by including advertising or other revenue generating material.
The availability of information on the Website does not constitute a recommendation by NOOR FX or any other person. If you enter into any transaction after accessing the Website, you do so entirely in reliance on your judgment and inquiries and not in reliance on any statements, warranties or representations made to you or another person by or on behalf of NOOR FX.
NOOR FX May
1. Terminate your access and registration as a user to any part of, or all of, the Website with or without cause, with or without notice effective immediately, for any reason whatsoever (including without limitation, a failure by you to comply with any of the General Terms and Conditions of Use);
2. At any time and without notice, remove, amend and/or vary any of the content that appears on the Website or ceases operating the Website in whole or in part.
3. Client accounts have a minimum hold period of 12 months. (The Trial Account where the minimum hold period of 60 Days.)
To the fullest extent permitted by law, NOOR FX excludes all responsibility and liability concerning the Website. NOOR FX will not be responsible for errors or misstatements or be liable whether in contract, tort (including negligence) or otherwise for any loss or damage however caused (whether direct, indirect, consequential, special or loss of profits). Where any such liability cannot be excluded NOOR FX limits it to the smallest permissible amount.
This Risk Disclosure Statement describes some, but not all, of the risks of trading in the foreign currency market (“OTC foreign currency”). Trading in the OTC foreign currency market on a cash, spot or forward basis is not suitable for many members of the public. You should carefully consider whether a managed trading account is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Some Trading can be Speculative and can involve a certain Degree of Risk. In particular, because of the low margin required for foreign currency trading, price changes in OTC foreign currency contracts may result in significant losses, which losses may substantially exceed the funds or other assets deposited as margin. Therefore, foreign currency contracts are appropriate only for persons that (a) understand and are willing to assume the economic, legal and other risks involved in such transactions, and (b) are financially able to withstand losses significantly in excess of their initial margin funds and any additional funds deposited to maintain their positions.
Foreign currencies represent the legal tender of one or more foreign nations and typically are not linked to any intrinsically valuable commodity (such as precious Metals). Any transaction involving foreign currencies, including OTC foreign currency contracts, involves risks not common to investments denominated entirely in a person’s domestic currency. Such enhanced risks include. Risk of political or economic policy changes in a foreign nation, which may substantially and permanently alter the conditions, terms, marketability or price of foreign currency. The profit or loss in transactions in foreign currency-denominated contracts (whether traded in a customer’s own or another jurisdiction) will also be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.
Risk-Reducing Orders or Strategies
The placing of specific orders (e.g., ‘stop-loss’ or ‘stop-limit’ orders) that are intended to limit losses to certain amounts may not always be effective because market conditions or technological limitations may make it impossible to execute such orders. Strategies using combinations of positions, such as ‘spread’ and ‘straddle’ positions, may be as risky or even riskier than simple ‘long’ or ‘short’ positions.
Minimum Hold Period
There is a minimum hold period of 12 months for the following accounts:
Trail = 60 Days
Gold = 12 Months
Gold PLUS = 12 Months
Digital = 12 Months
Platinum = 24 Months
CBD/MARIJUANA= 12 Months
Prices May Be Different From Prices Reported Elsewhere. The prices posted by a foreign currency dealer may not necessarily reflect the broader market for foreign currencies. Additionally, a foreign currency dealer will select closing prices to be used in determining margin requirements and in periodically marking to market the positions in customer accounts. Prices a foreign currency dealer uses may vary from those available to banks and other participants in the inter-bank market. Consequently, a foreign currency dealer may exercise considerable discretion in setting margin requirements and collecting margin funds.
The transactions you enter into with a foreign currency dealer are not traded on an exchange. Therefore, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures and options contr- acts, which receive a priority in bankruptcy. Since that same priority has not been given to funds used for off-exchange forex trading, if a foreign currency dealer becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with the foreign currency dealer, your request may not receive a priority. Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that a foreign currency dealer keeps separate from its own operating funds may not be safe from the claims of other general and priority creditors.
Any opinions expressed on the NOOR FX website as to the future direction of prices of specific currencies are purely opinions, do not necessarily represent the opinion of NOOR FX, and are not guaranteed in any way. In no event will NOOR FX have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided verbally or through the Internet, or any delays, inaccuracies, errors in, or omissions of information. You under- stand that there is no trading system or recommendation service that is free from the risk of loss. NOOR FXL does not imply or guarantee that you will make a profit and you agree that neither NOOR FX nor any of its officers, directors, employees, consultants, agents or affiliates will be held res- ponsible for the performance of your trading account or any trading losses that may accrue in your account.
The information contained in this document is confidential and intended solely for the addressee.
Website Content Distribution
The information may not be published or distributed without the express written consent of NOOR FX. The information contained herein may be subject to professional privilege. Any unauthorized use; disclosure, copying, distribution or retention of this email or any part of it is strictly prohibited and may be illegal. We reminded you that past performance is no guarantee or reliable indication of future results. It has not been prepared to take into account your particular investment objectives, financial situation and specific needs. You should, therefore, assess whether the program is appropriate to your investment objectives, financial situation, and specific needs.
The Website may include links to other websites not owned by NOOR FX and/or advertising not related to NOOR FX. If you visit a linked site or contact an advertiser, that dealing will be solely between you and that other website or advertiser at your own risk. These links do not imply NOOR FX endorsement of that other website or product or service advertised (as applicable) or any association with their operators unless this is explicitly stated on the Website.
NOOR FX reserves the right to change these terms and conditions of use at any time by notifying users of the existence of revised terms and conditions through the Website. By continuing to access the Website, you agree to be bound by the amended terms and conditions, and we advise ch- ecking from time to time to see if the terms & conditions have been updated.