Terms & Conditions
This Agreement is entered into by and these Terms & Conditions (hereinafter referred to as the “Agreement”) shall regulate the relationship between BUXTRADEMARKETS LTD and the user (a natural or legal entity) (hereinafter referred to as the “Client”) of Trade Prime Station(hereinafter referred as the “Website”
(1)The Client confirms that he/she has read, understood and accepted all information, conditions and terms set out on Website which are open to be reviewed and can be examined by the public and which include important legal Information.
(2) By accepting this Agreement, the Client agrees and irrevocably accepts the terms and conditions contained in this Agreement, its annexes and/or appendices as well as other documentation/information published on the Website, including without limitation to the Privacy Policy, Payment Policy, Withdrawal Policy, Code of Conduct, Order Execution Policy and Anti-Money Laundering Policy. The Client accepts this Agreement by registering an Account on the Website and depositing funds. By accepting the Agreement, and subject to the Company’s final approval, the Client enters into a legal and binding agreement with the Company.
(3) The terms of this Agreement shall be considered accepted unconditionally by the Client upon the Company’s receipt of an advance payment made by the Client. As soon as the Company receives the Client's advance payment, every operation made by the Client on the Trading Platform shall be subject to the terms of this Agreement and other documentation/information on the Website.
(4) The Client hereby acknowledges that each and any Operation, activity, transaction, order and/or communication performed by him/her on the Trading Platform, including without limitation through the Account, and the Website, shall be governed by and/or must be executed in accordance with the terms and conditions of this Agreement and other documentation/information on the Website.
(5) By accepting this current agreement, the Client confirms that he/she is able to receive information, including amendments to the present Agreement either via email or through the Website.
(6) A client that is a legal entity can register with the Company not through the Website but by sending an email with its request to support@Trade Prime Station.com All terms and and conditions contained herein, including without limitation to 1 to 5 above, shall at all times be applicable to the Legal Entity and the latter shall conform with such terms and conditions, obligations and rights at all times.
(7)Terms 1. Account – means unique personified account registered in the name of the Client and which contains all of the Client’s transactions/ operations on the Trading Platform (as defined below) of the Company.
(8)Ask - means the higher price in a quote. The price the Client may buy at.
(9) Bid - means the lower price in a quote. The price the Client may sell at.
(10)Classic Options - means CFDs on stock options.
(11)CFD (contract for difference) - means a tradeable contract entered into between the Client and the Company, who exchange the difference in the value of an Instrument, as specified on the Trading Platform at the time of opening a Transaction, and the value of that Instrument at the contract’s end.
(12)Digital Option Contract - means a type of derivative instrument where the Client earns a payout if they correctly predict the price movement of the underlying asset at the time of the option’s expiry. The prediction can be made as to whether the value of the underlying asset will fall above or below the strike price at time of expiration. Should the option expire at the selected strike price, it will be considered to expire out-of-the money and will result in the loss of the invested amount.
(13)Execution - means the execution of Client order(s) by the Company acting as the Client's counterparty as per the terms of the present agreement.
(13)Financial Instruments - means the Financial Instruments as per paragraph 2.4 below that are available on the Company’s Trading Platform.
(14)KYC documents - means the documents to be provided by the Client, including without limitation to the a copy of the passport or ID and utility bill of the Client, in case it is a natural person and/or certificates showing the management and ownership going all the way up to the ultimate beneficial owner, in case it is a legal entity, and any other documents the Company may request upon its sole discretion.
(15)Market - means the market on which the Financial Instruments are subject to and/or traded on, whether this market is organized / regulated or not and whether it is in St. Vincent and the Grenadines or abroad.
(16)Market Maker - means a company which provides BID and ASK prices for financial instruments.
(17)Operations – means actions performed at the Client’s Account, following an order placed by the Client,, connected with but not limited to crediting of funds, return of funds, opening and closing of trade transactions/positions and/or that relate to financial instruments.
(18)Prices - means the prices offered to the Client for each transaction which may be changed without prior notice. Where this is relevant, the “Prices” given through the Trading Platform include the Spread (see definition below).
(19)Services – means the services described in
section 3 of this Agreement.
(20)Spread - means the difference between
the purchase price Ask (rate) and the sale
price(rate) at the same moment. For
avoidance of doubt, a predefined spread is
for the purposes of this Agreement
assimilated commission. (21)Trading Platform - means an
electronic system on the internet that
consists of all programs and technology that
present quotes in real-time, allow the
placement/modification/deletion of orders
and calculate all mutual obligations of the
Client and the Company. (1)The subject of the Agreement shall
be the provision of Services to the
Client by the Company under the
Agreement and through the Trading
Platform. (2)The Company shall carry out all
transactions as provided in this
Agreement on an execution-only basis, by
managing the account and advising the
Client.
(3)The Investment and
Ancillary Services which the
Company should provide under the
terms of the Agreement are
stated below, and the Company
will provide them in its
capacity as a market maker under
the terms of this Agreement.
(4)The Services that
the Company provides in
relation to one or more
Financial Instruments
are the following (the
list below shall not be
regarded as
exhaustive):a. Reception
and transmission of
orders in relation to
one or more Financial
Instruments;i.
Execution of the orders
on behalf of the
Clients.ii. Dealing on
Own Account.iii.
Portfolio
Management.iv.
Investment Advice.b.
Ancillary Servicesi.
Safekeeping and
administration of the
Financial Instruments
for the Client’s Trading
Account, including
custodianship and
related services such as
cash/collateral
management.ii. Granting
credits or loans to one
or more financial
instruments, where the
firm granting the credit
or loan is involved in
the transaction.iii.
Foreign exchange
services where these are
connected to the
provision of the
Investment Services.The
Company could provide
investment, tax or
trading advice .
(5)Financial
Instruments (the
list below shall
not be regarded
as
exhaustive):a.
Digital Options
and/or Binary
Options
Contracts in
stocks,
commodities,
indices and
currency
pairs;b.
Financial
Contracts for
Differences
(CFDs) in stock
options, stocks
and currency
pairs
(FX);Trading in
CFDs and other
derivatives does
not give you any
right, voting
right, title or
interest in the
underlying
instrument of
the Transaction.
You understand
that you are not
entitled to take
delivery and are
not entitled to
ownership of any
underlying
instrument. CFDs
and other
derivatives are
not traded on a
regulated
exchange and are
not cleared on a
central
clearinghouse.
This exchange
and
clearinghouse
rules and
protections do
not apply. The
Company reserves
the right to, at
its sole
discretion and
for all CFD
products, impose
the following
expiration
times:
daily/weekly/monthly
and/or no
expiration at
all.c.
Financial
Contracts for
Differences
(CFDs) in
cryptocurrencies
for short/sell
transactions. It
should be noted
that the client
can only trade
CFDs on
cryptocurrencies
exclusively on
short/sell
transactions.
Subsequently,
where the
Company makes
any reference
related to CFDs
on
cryptocurrencies
including inter
alia, in the
Company’s Terms
and Conditions,
Order Execution
Policy, General
Fees and any
other relevant
document
included in the
Company’s
website, it
should be
understood and
agreed that the
statement ‘’CFDs
cryptocurrencies’’
only refers to
short/sell
transactions.
For further
information
please read the
Company’s
Cryptocurrencies
Terms and
Conditions. The
Company reserves
the right to, at
its sole
discretion and
for all CFD
products, impose
the following
expiration
times:
daily/weekly/monthly
and/or no
expiration at
all.d.
Cryptocurrencies
On its Website
the Company is
entitled to
provide
financial
services of
Contracts for
Difference (CFD)
with intrinsic
protection
(Protected
CFDs). The risk
of loss for
Protected CFDs
is limited to
and does not
exceed the sum
invested by the
Client in a
particular CFD
contract with
the addition of
any trading
and/or ongoing
trading fees
incurred as a
result of
opening such
CFD. Clients may
choose to opt
out from the
features offered
by Protected
CFDs by choosing
the option to
use the balance
in their trading
account in order
to keep a CFD
position open
(“CFDs on
margin”). In
this instance,
when the loss
for a position
reaches 95%, an
additional 20%
of the original
investment
amount is
reserved from
the Client’s
account. If the
CFD position
takes further
losses, the
Client’s
available
balance is
further reduced
by 20%
accordingly. The
Client can limit
the additional
funds reserved
on his account
balance by
specifying his
acceptable level
of loss for a
CFD position. In
both features of
CFDs described
above, the
Company offers
negative account
balance
protection i.e.
the Client’s
losses may never
exceed the total
amount of funds
available in the
Client’s
account. In
addition, the
risk of loss in
relation to the
corresponding
potential
benefits for
CFDs described
above, is
reasonably
understandable
in light of the
particular
nature of the
proposed
financial
contract.
(6)Subject
to the
provisions
of this
Agreement,
the
Company
agrees
to
provide
the
Client
with the
Services
subject
to the
Client:a.
Being of
age of
maturity
in
accordance
with the
jurisdiction
he/she
resides
in or is
a
resident
of, is
of legal
competence
and of
sound
mind.b.
Not
residing
in any
country
where
distribution
or
provision
of the
financial
products
or
services
offered
by the
Company
would be
contrary
to local
laws or
regulations.
It is
the
Client’s
responsibility
to
ascertain
the
terms of
and
comply
with any
local
laws or
regulations
to which
they are
subject.c.
Not
being a
USA/territories
of the
US
national
and not
being a
resident
of the
following
jurisdictions:
USA/territories
of the
US,
Canada,
Australia,
Belgium,
Israel,
Palestine,
Japan,
Sudan,
Syria,
Financial
Instruments
as per
paragraph
2.4
below
that are
available
on the
Company’s
Trading
Platform.
(7)KYC
documents
-
means
the
documents
to
be
provided
by
the
Client,
including
without
limitation
to
the
a
copy
of
the
passport
or
ID
and
utility
bill
of
the
Client,
in
case
it
is
a
natural
person
and/or
certificates
showing
the
management
and
ownership
going
all
the
way
up
to
the
ultimate
beneficial
owner,
in
case
it
is
a
legal
entity,
and
any
other
documents
the
Company
may
request
upon
its
sole
discretion.
(8)Market
-
means
the
market
on
which
the
Financial
Instruments
are
subject
to
and/or
traded
on,
whether
this
market
is
organized
/
regulated
or
not
and
whether
it
is
in
St.
Vincent
and
the
Grenadines
or
abroad.
(9)
Market
Maker
-
means
a
company
which
provides
BID
and
ASK
prices
for
financial
instruments.
(10)Operations
–
means
actions
performed
at
the
Client’s
Account,
following
an
order
placed
by
the
Client,,
connected
with
but
not
limited
to
crediting
of
funds,
return
of
funds,
opening
and
closing
of
trade
transactions/positions
and/or
that
relate
to
financial
instruments.
(11)
Prices
-
means
the
prices
offered
to
the
Client
for
each
transaction
which
may
be
changed
without
prior
notice.
Where
this
is
relevant,
the
“Prices”
given
through
the
Trading
Platform
(12)Services
–
means
the
services
described
in
section
3
of
this
Agreement
(13)Trading
Platform
-
means
an
electronic
system
on
the
internet
that
consists
of
all
programs
and
technology
that
present
quotes
in
real-time,
allow
the
placement/modification/deletion
of
orders
and
calculate
all
mutual
obligations
of
the
Client
and
the
Company.
(1)
Services
–
services
provided
by
the
Company
to
the
Client
through
the
Trading
Platform
of
the
Company,
including
without
limitation
to
customer,
analytics,
news
and
marketing
information
services..
(2)
The
Company
is
obliged
to
pay
clients
profits
when
trade
session
comes
to
an
end
and
is
obliged
to
pay
for
any
casualties
caused
after
the
clients
has
fulfilled
the
necessary
requirements.
(3)The
Company
shall
process
all
transactions/Operations
of
the
Client
in
accordance
with
the
terms
and
conditions
of
this
Agreement
and
on
an
execution-only
basis.
The
Company
shall
manage
the
Client’s
Account
and
advise
the
Client
in
any
way.
(4)The
Company
shall
process
the
orders/transactions
requested
by
the
Client
in
accordance
with
the
terms
and
conditions.
(5)The
Company
shall
not
be
financially
liable
for
any
operations
conducted
by
the
Client
through
the
Account
and/or
on
the
Trading
Platform
or
being
ardamant
to
take
advise
from
the
account
manager
(6)
Each
Client
shall
be
the
only
authorized
user
of
the
Company’s
services
and
of
the
corresponding
Account
as
well
as
the
account
Manager
(7)Orders
given
through
his
security
information
and
any
orders
received
in
this
manner
by
the
Company
shall
be
considered
to
have
been
given
by
the
Client.
So
long
as
any
order
are
submitted
through
the
Account
of
a
Client,
the
Company
shall
reasonably
assume
that
such
orders
are
submitted
by
Client
and
the
Company
shall
not
be
under
any
obligation
to
investigate
further
into
the
matter.
The
Company
shall
not
be
liable
to
and/or
does
not
maintain
any
legal
relations
with,
any
third
party
other
than
the
Client.
(8)If
the
Client
acts
on
behalf
of
any
third
party
and/or
on
behalf
of
any
third
party’s
name,
the
Company
shall
not
accept
this
person
as
a
Client
and
shall
not
be
liable
before
this
person
regardless
if
such
person
was
identified
or
not.
(9)It
is
understood
and
agreed
by
the
Client
that
the
Company
may
from
time
to
time,
at
its
sole
discretion,
utilize
a
third
party
to
hold
the
Client’s
funds
and/or
for
the
purpose
of
receiving
payment
execution
services.
These
funds
will
be
held
in
segregated
accounts
from
such
third
party’s
own
funds
and
will
not
affect
the
rights
of
the
Client
to
such
funds.
(9)The
company
has
right
to
ask
for
fees
relating
to
tax,
account
upgrade,
audits
and
maintenance
charges
according
the
what
affects
the
client's
trade
portfolio.
SERVICES
OF
THE
COMPANY
SERVICES
