As part of your account opening procedures, Investors Europe Ltd (hereafter called Investors Europe) will need to be informed of various details including your name, address and other contact details relevant to its international trading services. Investors Europe will also require a copy of your passport , ID card or driving licence.

Clients are encouraged to read through all of the relevant account opening forms very carefully and to talk to our personnel to clarify anything they do not understand. If they still have any queries, they should contact their accountant and/ or lawyers for further clarification.

In connection with your acceptance of the services offered by Investors Europe you represent and warrant that:a) You possess the legal authority to enter into this agreement and to use the Investors Europe’s services in accordance with all of the terms and conditions contained hereafter:-

a) You possess the legal authority to enter into this agreement and to use the Investors Europe’s services in accordance with all of the terms and conditions contained hereafter.

b) All information provided by you in the account application and any further information that you provide to Investors Europe in relation to your account is true and correct.

c) You have read and understood the contents of the documentation provided by Investors Europe.

In connection with your acceptance of the Services offered by Investors Europe you acknowledge and agree that:

a) All dealings will be subject to the terms set out in this Agreement. Headings used in the body of the Agreement shall not affect its interpretation

b) The Client hereby appoints the Company to provide the following services to the Client in accordance with this Agreement and to deal as agent and to arrange deals in Spot Forex

c) These services may be provided to you in respect of both cash and contingent liability transactions. A contingent liability transaction is one where you will, or may, be liable to make further payments (in addition to charges and whether or not secured by margin) when the transaction fails to be completed or upon the earlier closing out of the position.

d) In all transactions between the Company and you it is understood the Company is acting as agent. Where you act in the capacity of an agent on behalf of other clients you agree:

(i) The Company will be acting solely for you in any and all transactions.
(ii) The Company will act solely for you whether or not the Company becomes aware, directly or indirectly, of the identity of any of your customers and any principal of yours so identified will not be treated as an indirect customer by the Company. In relation to any transaction entered into by you as agent in such circumstances, you warrant that: you have due authority to enter the transaction on your principal's behalf on the terms of this Agreement and that the transaction and such terms thereof will bind your principal accordingly.
(iii) Such principal has, at the time the transaction is entered, sufficient resources to meet its obligations thereunder, and that you will notify the Company if this eases to be the case

e) You are entirely responsible for the confidentiality of any Client Account Identification references given to you. You will notify Investors Europe immediately of any unauthorized use of your account or any other breach of security.

f) Investors Europe and its agents may, at their discretion, act in all matters on instructions given or purporting to be given by or on behalf of you verbally, by fax, by e-mail , by Skype or by other electronic or digital transmission, and Investors Europe and its agents shall not incur any liability by reason of acting or not acting on any such instructions.

g) You will be financially responsible for any and all brokerage, administrative charges, margins or commissions that arise from the use of your account by you or third parties you have introduced and you agree to pay all fees, charges, margins or commissions for services you receive from Investors Europe, or its agents.

h) Investors Europe reserves the right to change the brokerage and fees it charges you from time to time and to introduce new brokerage, commission and fee levels. Where permitted by the applicable regulations, we may receive or provide remuneration, fees and/or commission and non-monetary benefits from or to, or share harges with an associate or other third party in connection with transactions carried out on your behalf.

In particular, we pay and receive retrocessions from many introducing brokers and stock brokers for transacting forex for you. These arrangements are designed with your best interests in mind. The percentage we receive may vary depending on the total clients’ investments executed. These payments are normally in the range of 0.01%-2.0% of value of the investments executed. Further details are available on request.

i) You accept unreservedly that whilst Investors Europe will in good faith attempt to help you to make informed investment decisions, the ultimate decision (and the consequences thereof) will always be yours and yours alone and that Investors Europe can give no guarantees of performance on any products that you have executed through Investors Europe where Investors Europe may have helped you to reach an investment decision.

j) While Investors Europe may, on a daily basis, advise on and deal and arrange deals in readily realizable securities, spot forex, options or other derivatives, Investors Europe, and its agents, will provide no legal, tax or investment advice in connection with your account. You agree to obtain your own investment, legal and tax advice from a qualified professional (or to assume the risk of not so doing) with respect to your use of the Services.

k) All transactions you make pursuant to this agreement will be subject to the constitution, by-laws, rulings, regulations and customs of the exchange or market (and its clearing house, if any) where the orders for such transactions are executed.

l) All trades conducted by you will be on a cash basis; if upon the purchase or sale of any position or trade, Investors Europe is unable to settle the transaction by reason of your failure to make payment or deliver the instrument, you will reimburse Investors Europe for all related costs, losses or liabilities.

m) Should you become indebted to Investors Europe for any reason, you will repay such debts forthwith. You agree that failure to promptly pay such debts will give Investors Europe the right to close all your trading accounts and to settle any such debts and margins through your settlement bank, clearing facility or any accounts held with or introduced to Investors Europe. Should you only pay part of such debts you shall be liable to Investors Europe for any difference still owed.

n) Any expenses on Investors Europe’s part in connection with replies to inquiries by public authorities, pursuant to national or international legislation, will be recharged to the Client. Any expenses incurred by Investors Europe in connection with auditors’ comments/ reports requested by the Client will also be recharged.

o) If you receive execution reports and statements directly from your online trading platform, rather than from investorseurope's back office, you accept and acknowledge that investorseurope may be working with third party software technology and third party trading platforms and will not send any trade execution information statements as this will be provided to you by your own trading platform and it will be wholly incumbent on you to confirm the validity and correctness of the trading platform information provided to you and you agree to hold Investors Europe and its agents, affiliates, officers and employees harmless from any claim, demand or damage arising thereof. investorseurope will facilitate information, execution reports and statements for these platforms at your request by liaising with the platform and software supplier(s) and will actively support you and generally help in good faith to resolve any issues with executions & statements on your online trading platform.

p) Investors Europe has the right at its sole discretion to close positions or any part thereof at any time, with or without notice, if the Company deems it necessary for its own protection. A position may be closed in such a manner as the Company deems appropriate.

q) investorseurope will hold client money as trustee in a segregated non-interest earning account at an approved bank or banks or at approved clearing brokers or brokers chosen by the Company. When client money is held in Gibraltar it may be held in accordance with the relevant laws and regulations that may be in force in Gibraltar at the time. Client money may also be deposited in a client transaction account outside Gibraltar and you may notify investorseurope in writing that you do not wish your money to be held in a particular regulated jurisdiction. In such circumstances your money may be held in a client transaction account in a regulated jurisdiction to which you do not object. Where client money is held in a client transaction account outside Gibraltar it will be held subject to the regulatory requirements of the relevant jurisdiction, and it will not be held subject to Gibraltar’s Accounting & Financial Regulations. Where, for example, money is held in the UK, it will be held in accordance with the UK’s FSA Regulatory Framework. In such circumstances, the legal and regulatory regime applicable to the broker where the client money is held will be different from that of Gibraltar, and in the event of a failure by that broker, client money may be treated differently than would be the case if the client money were held by a broker, settlement agent or counterparty in Gibraltar and that broker may reserve the right of set-off or counterclaim against money held in a client transaction account, in respect of any sum owed on any other account.

r) The Company will be entitled, in the absence of specific instructions from the Client, to take such or no action as it thinks appropriate or necessary in relation to the rights, conversions, rolls overs or other privileges conferred by any investments you trade. Investors Europe shall have no responsibility or liability of any kind whether in negligence or otherwise by reason or in consequence of its acting or not acting.

s) If you do not notify Investors Europe in writing of any errors or objections to any trading information or statements within 7 days from the date of physical execution or of a statement’s surface mailing, Emailing, faxing or digitally being made available to you, you agree that the information shown shall be deemed to be accepted as correct by you, notwithstanding that specific acknowledgement or acceptance is requested by the Company from you but none is given, and Investors Europe shall be released from all claims in connection with this information or any action taken or not taken by Investors Europe regarding your trading account. Trading confirmations forwarded by Investors Europe or any other transcript from Investors Europe require no signature. Verbal trade confirmations are always subject to firm and final confirmation in writing.

t) Investors Europe shall not be liable for any loss however caused, whether directly or indirectly, by government restrictions, by exchange or market rulings, the suspension of trading, wars, strikes or by reason of any other fact that is beyond the control of Investors Europe or any agent or employee of Investors Europe.

u) You agree to bear any margin or foreign currency exchange risk arising from any transaction effected pursuant to this Agreement.

v) You agree to bear any administrative investorseurope costs and any costs related to transfers or any transfer costs or levies by banking and settlement institutions when transferring monies and/ or financial products to or from your account(s) at investorseurope. Investors Europe is not liable for any penalties, fines, brokerage or other administrative liabilities incurred by you in relation to the Services provided.

w) Investors Europe may modify or discontinue its services or any part of them at any time. These services may be periodically unavailable to allow for systems maintenance and updates. Investors Europe shall not be liable for delayed or discontinued services.

x) The Client is under obligation to notify Investors Europe of any important change in information relative to circumstances concerning the present agreement. You should be aware of the fact that until such time as we are advised of any change in respect of any of the above matters, we shall continue to assume that they are correct for the purposes of acting on your behalf and that they continue to govern the relationship between us.

y) The Client is under an obligation to notify Investors Europe, in writing, within two weeks, of any change of address or contact.

z) Any notice to the Client can, with binding effect, be forwarded to one of the addresses and Emails or other contacts stated in the agreement, subject to 'previous two clauses'.) above.

Investors Europe does not represent or warrant that its Services will be uninterrupted or error-free, that defects will be corrected, or that the Services or the server which makes them available will be free of viruses or other harmful components. Investors Europe does not warrant or represent that the use or the results of the use of the Services (including advice and investment advice given) or any materials made available as part of the Services will be correct, accurate, timely or otherwise reliable. You specifically agree that Investors Europe will not be responsible for unauthorized access to or alteration of your transmissions or data, any material or data sent or received or not sent or received, or any transactions entered into through the Services. Investors Europe and/or its agents make no representations about the suitability, reliability, availability, timeliness and accuracy of the Services for any purpose. These Services, inclusive of any type of advice given, are provided "as is" without warranty of any kind. In no event shall Investors Europe and/or its agents, affiliates, officers and/or employees be liable for any direct, indirect, punitive, incidental, special or consequential damages, or any damages whatsoever including, without limitation, damages resulting from the negligence or gross negligence of Investors Europe, its agents, affiliates, officers and/or employees, damages for loss of use, data or profits arising out of or in any way connected with the use or performance of the Services; with the delay or inability to use the Services; and the provision of or failure to provide Services.

You agree to indemnify and hold Investors Europe and its agents, affiliates, officers and employees harmless from any claim, demand or damage, including reasonable legal fees, asserted by any third party due to or arising out of your use of the Services.

Investors Europe may terminate your access to any part or all of the Services, and any related Services, at any time, with or without cause, with or without notice, effective immediately, for any reason whatsoever. Non-performance concerning any of the stipulations of the agreement shall result in termination of the agreement. Furthermore, Investors Europe shall be entitled to consider the agreement as having been terminated in the following cases:

1.) If individual legal proceedings are taken against the Client by the levying of execution or attachment.
2.) If the Client does not pay fees, brokerage or payments due.
3.) If insolvency proceedings are commenced against the Client.
4.) In case of the Client’s death.
5.) If the Client’s business is party to this agreement and is merged with another company.

If any provision or condition of this agreement is held to be invalid or unenforceable, such invalidity or unenforceability shall attach only to such provision or condition. The validity of the remainder of this agreement shall not be affected and this agreement shall be carried out as if such invalid or unenforceable provision were not contained herein.

Investors Europe will not monitor edit or disclose any personal information about you or your use of the Services without your prior permission unless Investors Europe has a good faith belief that such action is necessary to:

(a) Conform to legal requirements or comply with legal process;
(b) Protect and defend the rights or property of Investors Europe;
(c) Enforce the terms of conditions of this agreement;
(d) Protect the interests of its other clients or others.

IEL is committed to complying with the provisions of the Data Protection Directive. In signing this questionnaire, you consent to IEL holding and processing the information provided by you for the purposes of providing its services. You also consent to the transfer of such data outside of the European Economic Area.

This agreement constitutes the entire agreement between Investors Europe and you and supersedes all prior or contemporaneous communications and proposals, of whatever medium, with respect to the Services offered to Clients.

(a) This agreement is governed and shall be construed in accordance with the laws of Gibraltar
(b) Subject to clause (c) below, the parties irrevocably submit to the non-exclusive jurisdiction of Gibraltar courts to settle any disputes which may arise out of or in connection with this Agreement.
(c) Notwithstanding clause (b) above, investorseurope shall be entitled to take proceedings in the courts of any other jurisdiction in which client(s) holds or has held any assets.

Investors Europe shall not be responsible for any damage or loss due to declared or imminent war, revolt, civil unrest, catastrophes of nature, statutory provisions, measures taken by authorities, or similar, break down in telecommunication or IT-systems, nor for strikes, lock-outs, boycotts, or blockades, notwithstanding that Investors Europe is a party to the conflict, including cases here only part of Investors Europe ’s functions are affected by such conflicts, and notwithstanding the cause.

The Client shall be entitled to enter into a written agreement to be represented by an agent. Any change or revocation of the agency will only become effective after Investors Europe’s receipt of a written notice on this matter and Investors Europe’s written confirmation to the Client.

These general business terms originally came into force on 1st February 2012.

Investors Europe shall be entitled to change these general business terms of this agreement and the Client will receive a written notification of these changes. The provisions of this Agreement shall be capable of being amended or waived by the Company giving notice in writing signed by an authorised officer of the Company. No employee or agent of the Company has any authority to waive or amend this Agreement or any of its terms (or bind the Company by any ancillary or other agreement or arrangement). The provisions of this Agreement may only otherwise be amended or waived if such waiver or amendment is made in writing signed by an authorised signatory of both parties. A waiver in one instance shall not apply to any other instance.

It is part of our corporate quality control requirements that all of our clients be fully informed about the terms andconditions of their business relationship with us:

This involves clearly understanding the following:
1. Our Account Opening Procedures
2. Our Brokerage Charges
3. Our General Terms & Conditions
4. Our Special Risks Brochure*

Accordingly, this Client Awareness Form declaration is to ensure that if you have any questions relating to the foregoing or are in doubt about anything presented in either written or verbal form, do not sign the any documents before your questions have been answered by Investors Europe sales staff to your satisfaction. In the event that this has occurred and you wish to become a client of Investors Europe Ltd, please sign this form, which constitutes your acceptance of the conditions offered by us.

I declare by my signature:

• That I have received and fully understood this Client Awareness Declaration and all of its contents.

• That I have received, read and understood the relevant procedures & documentation provided.

• That I have verbally received further information from Investors Europe about the procedures & documentation and the related risk potential.

• That I have received satisfactory answers to all my/our questions regarding the terms & conditions presented to us and other issues relating to the relevant procedures & documentation.

• That I have received, read and understood the contractual terms and conditions for the relevant services that we will be utilizing.

• That I have had time and opportunity to present and discuss the entire basis of the Products and Services with a third party, e.g. my accountant or lawyer, and that the amount to invest is reasonable in the light of my total financial net worth.

There is a risk in investing in spot forex and the losses can be substantial. Careful consideration should be given as to whether such investments are suitable for yourself given your profile and financial resources. This brief statement does not disclose the level of risks involved in investing in spot forex markets and you should, in addition, read investorseurope’s Special Risks Brochure before opening your account to appraise yourself of some of the risks involved in investing in spot forex. These risks are not suitable for many members of the public and you should carefully study such investments before you commit funds to them. The risk of loss in investing in spot forex can be substantial.

You should carefully consider whether such investments are suitable for you in light of your circumstances and financial resources. You should understand that Investors Europe is an execution-only broker and cannot -and will not- make any guarantees as to your spot forex trading performance and that any decisions taken by yourself will be your responsibility alone. You specifically agree to indemnify and hold Investors Europe and its agents, affiliates, officers and employees harmless from any claim, demand or damage, including reasonable legal fees due to or arising out ofyour use of the Services.

You should be also be aware of the following factors:

1. If the market moves against your position, you may, in a short time, sustain a total loss of the funds placed by way of margin or deposit and you may be called upon to deposit a substantial margin, at short notice, to maintain your position. If you do not provide such additional funds within the time frame required, your position may be liquidated at a loss and you will be liable for any resulting deficit.

2. Under certain market conditions (rapid price movement) it may be difficult or even impossible to liquidate a position.

3. Placing a stop-loss order will not necessarily always limit your losses. Extreme market conditions could make it impossible to execute such orders at the price you stipulated.

4. A spread or straddle position can be as risky as a simple long or short position and can potentially be more complex to gauge in terms of your overall risk.

5. Spot Forex Markets are highly volatile and investment in them carries a substantial risk of loss. The high degree of "gearing" or "leverage" which is often obtainable in trading these markets stems from the payment of what is a comparatively modest deposit or margin when compared to overall 'contract' value. As a result, a relatively small market movement can result in substantial loss exceeding your original investment. This brief statement cannot disclose all risks inherent in spot forex markets and they are not suitable for many members of the public and you should carefully weigh up the risks over a reasonable period of time before you commit funds to spot forex markets.