Terms and Conditions
This Brief Notice Does Not Disclose All of the Risks and Other Significant Aspects of Forex or CFDs on Margin.
Trading in Forex or CFDs is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. In light of the risks, you should undertake such transactions only if you (the “Client”) understand the nature of the trading into which you are about to engage and the extent of your exposure to risk.
This Agreement describes the terms, conditions and risks applicable to customer use of our services available under the domain and sub domains of www.Gsimarkets.com (the "Site" or "Web site") Registration: Gsimarkets.com is operated and owned by Media Force Limited (referred in this agreement as "the Company", Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960). If you have any questions regarding this Agreement please contact email@example.com
The high degree of leverage available, can work against you as well as for you. Before deciding to invest in Forex or CFDs you should carefully consider your investment objectives, level of experience, and risk appetite and other circumstances. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You may be liable for losses that exceed the amount of margin that you post.
Trading is very Speculative and Risky
Forex and CFDs are highly speculative and are suitable only for those Clients who (a) understand and are willing to assume the economic, legal and other risks involved, and (b) are financially able to assume losses significantly in excess of margin or deposits. Forex and CFDs are not an appropriate investment for retirement funds. Client represents, warrants and agrees that Client understands these risks; that Client is willing and able, financially and otherwise, to assume the risks of Forex and CFDs and that loss of Client’s entire account balance will not change Client’s life style.
Terms and Conditions of Contracts
You should familiarise yourself about the terms and conditions of the specific instruments which you are trading and associated obligations.
High Leverage and Low Margin Can Lead to Quick Losses
The high leverage and low margin associated with Forex or CFDs can result in significant losses due to price changes in the contracts. The amount of initial margin may be small relative to the value of the contract so that transactions are ‘leveraged’ or ‘geared’. A relatively small market movement may have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with us to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Clients must maintain the minimum margin requirement on their open positions at all times. It is the customer’s responsibility to monitor his/her account(s) balance. We have the right to liquidate any or all open positions whenever the minimum margin requirement is not maintained.
Risk Reducing Orders or Strategies
The placing of certain orders (i.e. “stop-loss” orders, where permitted under local law, or “stop-limit” orders), which are intended to limit losses to certain amounts, may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions, may be as risky as taking simple “long” or “short” positions.
Prices, Margin and Valuations are set by us and may be different from prices reported elsewhere
GSI Markets will provide prices to be used in trading, valuation of Client positions and determination of margin requirements. Prices reported by us may vary from prices available to banks and other participants in what is known as the interbank market. We will exercise considerable discretion in setting and collecting margin. We are authorised to convert funds in the Client’s account for margin into and from such foreign currency at a rate of exchange determined by us in our sole discretion on the basis of then-prevailing money market rates.
Market Recommendations are Informational, Customer Makes Independent Decisions, and we are not an Adviser or a Fiduciary to Customer
The market recommendations that we provide do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any contracts. Each decision by the Client to enter into a contract or other transaction with us and each decision whether a contract or other transaction is appropriate or proper for the Client is an independent decision by the Client. We are not acting as an advisor or serving as a fiduciary to the Client. The Client agrees that GSI Markets has no fiduciary duty to Client and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys fees, incurred in connection with the Client following our trading recommendations: taking or not taking any action based upon any recommendation or information provided by us.
There are risks associated with utilising an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software and Internet connection. Since we do not control signal power, its reception or routing via the Internet, configuration of the Client’s equipment or reliability of its connection, we shall not be liable for any claims, losses, damages, loss of profits, special or consequential damages, cost of procurement of substitute goods or services, costs or expenses, including attorneys fees, caused, directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to us, the Client, any market, or any settlement or clearing system when the Client trades online (via the Internet). In addition, we are not responsible for the breach of any Internet security with respect to your account. We have no liability or duty of indemnification related to unusable data, lost or corrupt Client transactions or data, by whatever means, in whatever form, resulting in part or in whole from third-party software or networking goods or services or from internet related problems or from actions or events outside of our control.
GSI Markets is not responsible for disruption, failure or malfunction of telephone lines.
Should a quoting error occur or a misquote given by telephone and/or electronic means (including responses to Client requests), we are not liable for any resulting errors in account balances and reserve the right to make necessary corrections or adjustments on the account involved. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by us in our sole discretion of the relevant currency and/or underlying at the time such an error occurred. In cases where the prevailing market represents prices different from the prices we have posted on our screen, we will attempt on a best efforts basis to execute trades on or close to the prevailing market prices. These prevailing market prices will be the prices which are ultimately reflected on the customer statements. This may or may not adversely affect customer realised and unrealised gains and losses.
There is No Central Market or Clearinghouse Guarantee of Payment
Forex or CFDs with GSI Markets is not conducted on a regulated market or exchange. Each contract is a contract directly between us and the Client. There is no clearinghouse and no guarantee by any other party of our payment obligations to the Client. The Client must look only to us for performance on all contracts in the Client’s account and for return of any margin or collateral. Our insolvency or a default by us could cause Client to lose the value of its account and to suffer additional losses from open positions.
No Guarantees of Profit
There are no guarantees of profit or freedom from loss in Forex and CFDs. The Client has received no such guarantees from us or from any of our representatives. The Client is aware of the risks inherent in Forex and CFDs and is financially able to bear such risks and withstand any losses incurred.
Commission, Conversions and other charges
Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. You should be aware that profit and loss in trading Forex and CFD contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency. These charges will affect your net profit (if any) or increase your loss.
GSIMarkets offers various bonuses to new and existing clients which they can use to trade in the financial markets with stronger capital. The bonuses are issued following client’s agreement upon the predetermined bonus conditions, and are available to use immediately. Please contact your account manager to learn about available bonuses and their conditions.
The amount and conditions may vary depending on the type of the bonus offered. In order to make withdrawals from the account, clients are required to complete a certain trading volume which is set according to the bonus amount. The trading volume can be completed through trading Forex only, trades must be open for 1 hour minimum. The volume made through Stock trading does not count towards the required volume.
In such cases when GSIMarkets suspects or determines any fraudulent activity involving violation of Bonus Policy and/or Terms & Conditions, GSIMarkets is entitled to cancel bonuses, to reject any trades or profits involving fraudulent activity, to block the client’s account, and to terminate access to the services offered by GSIMarkets.
Bonuses are not available to clients residing in banned/not permitted jurisdictions in accordance to GSIMarkets Terms & Conditions. GSIMarkets reserves the right to amend and/or cancel bonus terms and conditions at its sole discretion.
Transactions in other Jurisdictions
Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation, which may offer different or diminished investor protection. Before you trade you should enquire about any rules relevant to your particular transactions. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected.
You are obligated to keep passwords secret and ensure that third parties do not obtain access to your online account. You will be liable for trades executed by means of your password even if such use may be wrongful.
Client May Not Be Able to Close, Open Positions
Due to market conditions or other circumstances we may be unable to close out the Client’s position at the level specified by the Client, and the Client agrees that we will bear no liability for failure to do so.
Creditor Priority in Bankruptcy
You should familiarise yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some, but not all, jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.
Third Party Agents
In the event that the Client grants trading authority or control over the Client’s account to a third party ( known as the “Trading Agent”), whether on a discretionary or non-discretionary basis, we shall in no way be responsible for reviewing the Client’s choice of such Trading Agent or for making any recommendations with respect thereto. We make no representations or warranties concerning any Trading Agent; we shall not be responsible for any loss to Client occasioned by the actions of the Trading Agent; and we do not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. If the Client gives the Trading Agent authority to exercise any of its rights over its account, the Client does so at the Client’s own risk. Even though the undersigned grants authority to the Trading Agent, the Client should be diligent and closely scrutinise all account activity.
This site is not intended for use by any person in any country where such use would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they or the trades they undertake are subject.
High Risk Investment
In addition to standard industry disclosures contained in this notice, you should be aware that margined Forex and CFDs are one of the riskiest forms of investment available in the financial markets and is only suitable for sophisticated individuals and institutions.
If you have pursued only conservative forms of investment in the past, you may wish to study Forex and CFD trading further before continuing an investment of this nature. You must realise that you could sustain a total loss of all funds you deposit with us as initial margin as well as substantial amounts of capital, when trading Forex and CFDs, should the market go against your investment. If you wish to continue with your investment, you acknowledge that the funds you have committed are purely risk capital and loss of your investment will not jeopardise your style of living nor will it detract from your future retirement programme. Additionally, you fully understand the nature and risks of Forex and CFDs, and your obligations to others will not be neglected should you suffer investment losses.
High Risk Warning:
Forex currency trading is a high-risk activity and is not suitable for everyone. By trading with Gsimarkets.com or any other broker, you put yourself at risk of heavy losses. Prior to getting started in any kind of trading, it is important for you to consider your personal circumstances, your attitude to risk, your existing experience and your long-term goals. It is perfectly possible that you will lose some or all of the money you allocate to your trading activities. It is therefore highly advisable that you never trade with money that you cannot comfortably afford to lose. It is the responsibility of traders to acknowledge and understand the risks associated with trading activities, seeking the relevant advice from professionals and independent financial advisers where necessary. Advisory Warning: Gsimarkets.com offers traders a variety of helpful resources, financial information, market reports, forecasts and supplementary content. However, all such information is offered on an as-is basis and does not constitute a recommendation or binding suggestion of any kind. Any of the information traders choose to use is used at their own risk and Gsimarkets.com accepts no liability whatsoever for any loss or negative consequences that may occur as a result of using such information. Traders alone are responsible for making their own decisions and accepting the consequences of thereof. The company that performs these trading operations serves as the counterparty on trades; i.e., it acts as the buyer to your sell order and seller to your buy order. Gsimarkets.com reminds traders that past performance does not in any way guarantee positive results going forward – all decisions must be based on extensive analysis and study of the relevant materials, forecasts, professional advice, market reviews and so on made available by multiple sources worldwide. All information provided by Gsimarkets.com does not in any way constitute financial advice or recommendation from the company. Any consequences that may arise as a result of reliance on the information we provide will be the sole responsibility and liability of the customer. Foreign currency trading is a fundamentally risky activity and one that all traders must consider carefully before taking part in. In addition, only those aged 18 years old or over are allowed to trade using the Gsimarkets.com platform .
All clients are required to fulfill the compliance requirements as per the laws of KYC (Know your Clients). In order to comply with international banking and trading laws all clients must prove the origin and ownership of all funds. The reason for this process is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities.
GSI Markets – Know Your Customer (KYC) Policy
GSI Markets works to comply with all international standards and regulations to ensure a safe, secure and transparent trading environment. In order to approve and activate your trading account we require all clients to submit the necessary documentation to our compliance department. By conforming to our AML policy GSI Markets clients enjoy a fast and efficient account activation and ongoing service. If you have any questions, please contact firstname.lastname@example.org
GSI Markets has a clear and concise withdrawal policy, and in the event that a client would like their funds to return to them, they can make this request 24/7 365 days a year and it will processed within 5 business days. Otherwise, if a situation arises where the client disputes the charge, and/or performs a charge-back to their invested amount, GSI Markets will investigate the claim along with the crediting bank. If it is found that the client has abused the banks purchase dispute policies, and loses the claim, the client will then be liable for a fee of between $499 up tp $2,500 (depands on the claim) + 25% fees on total deposits.
For any financial disputes please contact email@example.com.
Document Submission Requirements
GSI Markets takes great measures in protecting its customers and providing the highest security standards. Therefore, we require to identify personally all of our customers.
NOTICE: It is an essential requirement from GSI Markets that that you understand the Terms & Conditions under which your trading account is provided. Trading in financial markets carries an inherent level of risk. We recommend you work closely with your account representative to ensure your trading knowledge is up to date. If you have any questions regarding our KYC requirements or question related to our terms and conditions contact us and we will be happy to explain.
Funds belonging to you that will be used for trading purposes will be kept in an account with any bank or financial institution used to accept funds which the Company will specify from time to time and will be held in the Company’s name. It is understood that the Company may hold funds on behalf of you in a bank established outside the European Union. Your funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause.
By accepting the Agreement, you authorize the Company to make any deposits and withdrawals from the Bank Account on your behalf including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Agreement and all amounts which are payable by or on behalf of the Client to the Company or any other person. You consent that your funds, where applicable, are payable by the Company to you, shall be paid directly via a bank account that you own. Fund transfer requests are processed by the Company within the time period specified on the Companys offical website and the time needed for crediting into your personal account will depend on your bank account provider.
The Company retains a right of set off and may, at its discretion, from time to time and without your authorization, set-off any amounts held on behalf and/or to the credit of you against your obligation to the Company. Unless otherwise agreed in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities.
You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account without closing the said Account. The Company reserves the right to decline a withdrawal request if the request is not in accordance with certain conditions mentioned in this Agreement or delay the processing of the request if not satisfied on full documentation provided. It is within your terms that any incurring bank fees will be paid by you in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details.
You agree that any amounts sent by you in the Company’s bank accounts, will be deposited to your trading account at the value date of the payment received and net of any charges/fees charged by the Bank Account providers or any other intermediary involved in such transaction process. In order for the Company to accept any deposits by you, the identification of the sender must by verified and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net amount deposited via the method used by the depositor.
The Company reserves the right to decline a withdrawal with specific payment method and to suggest another payment method where you need to complete a new withdrawal request. In the event that the Company is not fully satisfied with the documentation provided in relation to a withdrawal request, the Company can request for additional documentation and if the request is not satisfied, the Company can reverse the withdrawal request and deposit the funds back to your trading account.
Due to the costs of reversing charges and/or withdrawing funds, the company reserved the right to refuse requests under the amount of 200 USD. Withdrawal requests under said amount will incur charges in the event that finance department issues the payment.
When a withdrawal request is submitted, the Company may take up to three (3) business days to process the request. When your application is approved please wait for 5 to 7 additional days before seeing your funds in your account.
In the event that any amount received in the Bank Accounts is reversed by the Bank Account provider at any time and for any reason, the Company will immediately reverse the affected deposit from your trading account and further reserves the right to reverse any other type of transactions effected after the date of the affected deposit. It is understood that these actions may result in a negative balance in all or any of your trading account(s).
You agree to waive any of your rights to receive any interest earned in the funds held in the Bank Account where your funds are kept.
Investments through Credit/Debit Card
Client who invest through these means should be advised that the charge will appear in the next billing cycle as *GSImarkets442070487224. Be advised that this charge may not appear immediately.
Inactive and Dormant Client Accounts
1. Accounts that are dormant for 90 days or more, meaning that no positions have been taken in the market for a period of 90 days or more, the account will be charged 99 USD for the 90 day dormant period, and 99 USD per month thereafter as a maintenance fee (or) the full amount of the free balance in the account, in the case that the balance can not cover the fee incurred. There will be no charge if the free balance is below 10 USD. There is no fee for an account with no funding.
2. If the Client Account is inactive for 365 days or more, the Company reserves the right to close the Client Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter.
Termination of Account Conditions
If you wish to close your account, you must notify us in writing. If we wish to close your account, we will also notify you in writing by giving reasonable notice, unless there are grounds where we need to terminate our contractual relationship with you earlier or even immediately without notice. Grounds for early termination may include but are not limited to: material breach of any clause in this agreement or/and any act of bad faith, such as an unauthorized Activity; abusive acts or any acts that may put our goodwill and business in jeopardy; misleading, untrue statements, fraudulent or misrepresenting information; bankruptcy, insolvency, receivership of either party. We also retain the right to suspend or terminate your account, due to regulatory restrictions imposed on us.
Upon termination, we may close or cancel all open or closed positions and any funds of yours will be returned to you once we have deducted any losses. Please be aware that you may also be subject to certain charges imposed to you by the financial institution (i.e. banks) via which you chose to do business with us.
A refund request can be made in cases in which the account had been deposited into, but no orders were executed by the client.
In this case, the same method of payment used for the deposit will be used for the refund. The refund will be for the full amount, less any applicable fees or dues including but not limited to wire fees.
Refunds and all other funding requests will be treated as WITHDRAWALS and will be processed using those methods and procedures as described in the Customer Agreement.
You may initiate a Withdrawal from your account management platform or you may download a Withdrawal Request Form and email Support@gsimarkets.com or +(44) 207 048 7224.