Declaration of Commitment and Responsibility
- This agreement has been signed between resident of "Cetinjska br. 11/4 Capital Plaza, Podgorica / Montonegro" "Liberal Trading Ltd"
- I hereby declare that I am applying for my own account.
- I accept that I am entirely responsible for any liability that may arise from any misrepresentations made.
- I declare that I accept responsibility for ensuring the security of the account password, and will not share with any third parties.
- I am aware of the risks of leveraged transactions, and thus may lose some or all of my investment.
- I declare that all transactions carried out on the account will be made by myself as the actual beneficiary.
- I am solely responsible for any delays which may arise during the transfer process from the funding to my FX account to the company bank account.
- I accept Liberal Trading Ltd. has the right to unilaterally make changes such as spread, margin, leverage rates.
- I hereby accept that any financial losses which may be incurred as a result of transactions are solely my own responsibility, and that Liberal Trading Ltd. holds no responsibility or liability.
Risk Warning
- Financial markets may fluctuate rapidly to reflect events that are outside the control of the Firm and/or your control; as a result, prices will become volatile. One form of price volatility is ‘gapping’, which occurs when there is a sudden shift in prices from one level to another. This can be caused, for example by unexpected economic events or market announcements, within or outside trading hours. Consequently, Liberal Forex may be unable to execute your instructions at the requested price.
- Margined trades (or bets in the case of spread betting) are trades on the price movement of a product. They settle based on the difference between the opening price and the closing price of the trade or bet. They can settle in a currency other than your base currency and therefore your profit or loss could be liable to foreign exchange fluctuations.
- You should not trade any margined product unless you fully understand all the risks involved with doing so and that you have sufficient resources available to you that in the event, however unlikely you may deem it to be, that there is an adverse movement in the price of that product that you can meet the financial obligations required by you with respect to margin payments and losses. Margin trading is not necessarily designed to replace existing or traditional methods of investing and is therefore not suited to everyone.
- It is important that you understand that trading financial instruments on different markets has its own inherent risk. Some of such risks include currency, volatility and liquidity.
- Currency risk arises from the change in price of one currency in relation to another. This may impact the profit and loss of the transaction. Currency risk can be reduced by hedging, which offsets currency fluctuations.
- Volatility refers to the amount of uncertainty or risk involved with the size of changes in a currency exchange rate. High volatility means that the price of the currency can change dramatically over a short time period in either direction.
- Liquidity risk is the risk originating from the lack of marketability of an investment that cannot be bought or sold quickly enough to prevent or minimize a loss. Liquidity can impact the price, spreads and sizes that your order is executed.
- We do not provide investment advice in relation to our products or services as well as regulatory, tax or legal advice. You are responsible for managing your tax and legal affairs including making any regulatory filings and payments and complying with applicable laws and regulations.
- As the actual beneficiary of the account, I have read the warnings and statements above, understand, accept and am aware of the risks I may face. In accordance with this declaration, I wish to open a forex account.
- Although electronic communication is often a good way to communicate, it may also fail, can be delayed, may not be secure and/or may not reach the intended point of destination.
- We aim to generate prices continuously and provide you with access to our trading platforms throughout the trading sessions. However, there are instances where this is not possible (e.g. due to poor internet connectivity, system errors and outages, etc.). This may cause prices to change between the time an order is placed and the time the order has been received by the Firm. In addition, these technical risks may significantly impact the execution of your orders.
Complaint Procedures
- Liberal Forex endeavours to offer its customers the highest standards of service in all aspects of its business, however there may be elements of our service that do not meet your satisfaction. In this case, the report department records customer complaints or dissatisfaction stgkatements in the Firm's Grievance Register.
- In the first instance, you should try to resolve your dissatisfaction or grievance with your normal Liberal Forex contact.
- If that person is unable to resolve your dispute to your satisfaction, you should direct your complaint or grievance either verbally or in writing to Liberal Forex.
- Liberal Forex will send a written acknowledgement of your complaint to you within five business days of receipt. This letter will contain the name or job title of the individual(s) handling the complaint, together with a copy Liberal Forex own internal complaint handling procedure.
- Within two weeks of receiving a complaint, Liberal Forex will send you, either:
- A final response letter; or
- A written response, explaining why it is not currently possible to resolve the complaint and indicating to you when the Firm will make further contact (this should be within four weeks of receipt of your complaint).
- If the complaint remains unresolved longer than eight weeks from receipt of your complaint, Liberal Forex will either send you:
- A final response; or
- A written explanation why the firm is still unable to make a final response to you. It shall provide you with reasons for the delay and an indication when it expects to be able to provide you with a final response.
- If you are dissatisfied with Liberal Forex final response (or if Liberal Forex fail to resolve your complaint within 4 weeks of it being made) you may have the right to refer it to the İnternational Finance Commission, but you must do so within a month. Unless you have already received a copy of the İnternational Finance Commission’s explanatory leaflet, it will be supplied to you at the same time as Liberal Forex final response.
As the actual beneficiary of the account, I have read the warnings and statements above, understand, accept and am aware of the risks I may face. In accordance with this declaration, I wish to open a forex account.