The following Terms & Conditions illustrate the relationship between CedarFX (henceforth to be known as ‘the Broker’) and individual website users (henceforth to be known as ‘the Client’) who have submitted their registration form on www.cedarfx.com (henceforth to be referred to as the ‘Broker Website’).
Broker Website materials are all registered trademarks of the Broker and are protected under copyright law. Website materials may only be copied by customers solely for non-commercial purposes. Reproduction of any part of the website for commercial gain through selling or distribution is strictly prohibited. The Client is not at liberty to perform any modifications or include Broker material into any other work, publication, website, in print or electronic form, including but not limited to publication on other websites. No other license or right is granted.
Broker Website transactions are handled through Bitcoin or an external payment service provider within the website. The Broker reserves the right to revise, update, or delete sections of said Terms & Conditions without the need to disclose to the Client beforehand.
The CedarFX Sign-Up Process is only to be completed once the Client indicates that they have read and accepted all information outlined in said Terms & Conditions found on the Broker Website. The Client must agree that all transactions on the Platform will be subject to the updated Terms and Conditions, in order to be eligible to make use of the Broker’s services.
If a violation of any of the following Terms & Conditions listed occurs then the Broker reserves the right to suspend said Client’s trading account, with the possibility of further action to be taken.
2.1 Introduction to the Terms of Business
II. All instructions given by the Client must be made through the Client's terminal. The Broker may reject instructions if the Client's free deposit is less than the amount required to meet the Client's instructions.
IV. The Client agrees that the Broker has the right to perform currency conversion if it is determined necessary or desirable to fulfil the obligations or rights arising from the operating contract of each transaction. The exchange rate will be determined by the Broker based on the current exchange rate of the freely exchangeable currency. The Client is responsible for all foreign exchange risks related to the Broker’s rights or obligations as per the Client’s transaction or operating contract.
2.2 Trading Rules
II. If a position is held open past 00:00 UTC, it will be rolled over to the next day and the Client’s trading account will be debited or credited accordingly.
III. Quotes made by the Broker through the Trading Platform shall be treated solely as demonstrative and shall only apply during the displayed time. These quotes do not constitute an offer made on the Broker’s behalf to order an asset at that price. Quotes are subject to fluctuations and volatility.
IV. The Broker may cancel any transactions executed on an Error Quote. The Broker reserves the right to determine the validity of the Quote.
V. The Broker may choose to not follow the Client’s instructions outside of standard trading hours.
VI. The Broker has the right to modify spreads for each instrument without prior notice.
VII. CFD and spread betting quotes found on the Broker Platform are correlated to the price of the underlying asset, but the Broker is not obliged to ensure that CFD the ‘Bid’ and ‘Ask’ quotes displayed after markets close are fully reflective of the underlying asset’s price.
2.3 Order Types:
I.Clients can execute the following types of orders: Fill or Kill, Good for Seconds, Good till Cancel, Good till Date/Time, Immediate or Cancel.
II.Market Orders must include the instrument, ‘buy’/’sell’ decision, maximum and minimum order quantity and order expiry. The server will execute the order once it is received at the current ask or bid price respectively. For buy orders, the minimum transaction size must not exceed the maximum order quantity. For sell orders, the maximum transaction size must exceed the minimum order quantity.
III.Limit Orders must include the Instrument, ‘buy’/’sell’ decision, maximum and minimum order quantity, order expiry and order limit Price. The server will execute the order (except for ‘Fill or Kill’ expiry orders) once it is received at the current ask or bid price respectively according to the following terms:
A. The ‘Ask’ or ‘Bid’ minimum transaction size must be lower than the Maximum Order Quantity, otherwise, the Order cannot be partially or fully executed at the ‘Ask’ or ‘Bid’ respectively.
B. The ‘Ask’ or ‘Bid’ maximum transaction size must be higher than the Minimum Order Quantity, otherwise, the Order cannot be partially or fully executed at the ‘Ask’ or ‘Bid’ respectively.
C. The ‘Ask’ or ‘Bid’ maximum transaction cannot be exceeded at the ‘Ask’ or ‘Bid’.
A. Buy Stop Loss Order with ‘bid’ order stop side. This becomes a Buy Order if the highest Bid price reaches or exceeds the Order stop price.
B. Buy Stop Loss Order with ‘ask’ order stop side. This becomes a Buy Order if the lowest Ask price reaches or exceeds the Order stop price.
C. Sell Stop Loss Order with ‘bid’ order stop side. This becomes a Sell Order if the highest Bid price reaches or falls beneath the Order stop price.
D. Sell Stop Loss Order with ‘ask’ order stop side. This becomes a Sell Order if the lowest Ask price reaches or falls beneath the Order stop price.
A. Opening a buy Stop Loss order (if limit price not included)/ Buy Stop Limit order (if Order Limit Price is specified) or opening a sell Stop Loss order (if limit price not included)/ Sell Stop Limit order (if Order Limit Price is specified).
B. For Buy Stop Loss orders, the Order Stop Price will be set at the highest current Bid price & trail by pips (for ‘Bid’ order stop side) or at the lowest current Ask price & trail by pips (for ‘Ask’ order stop sides). For Sell Stop Loss orders, the Order Stop Price will be set at the highest current Bid Price minus Trail by Pips for (‘Bid’ order stop side) or at the lowest Ask price minus Trail by Pips for (‘Ask’ order stop side).
C. The Order Stop Price will fluctuate if the difference between the Order Stop Price and the highest current Bid price (for ‘Bid’ order stop side) or at the lowest current Ask price (for ‘Ask’ order stop sides) exceeds Trail by PIPs.
A. The server can close any Client Positions can be closed at Market Order without prior warning.
B. The Broker can close any Open Positions without prior consent should account funds amount to less than 30% of the margin.
C. Clients must settle any losses or negative balances incurred through the Client Trading Account immediately.
A. Client name and surname, or Broker name in case of legal entities;
B. Time and date of conflict, presented in UTC;
C. Order Ticket;
D. Client MT4 Login Number;
E. An explanation of conflict and, if necessary, reference to these Terms of Business.
A. losses are incurred or profits are lower than anticipated through a Client’s fault.
B. The Client experiences non-financial damage that is directly or indirectly linked to their activity on the Broker Website.
C. The Client attempts to complete a transaction during routine Server maintenance.
D. The Client takes advantage of temporary excess Free Margin, occurring from a profitable position opening at an error quote which is later cancelled by the Broker.
E. Orders cannot be executed due to an Error Quote or insufficient Free Margin necessary to initiate a Transaction. The Order will automatically be cancelled and subsequent complaints will be considered null.
F. The Client is unable to send a command due to internet connection, manifest errors or error from the Trading Platform software and hardware of either party.
G. The Server liquidates any or all of the Client’s Open Positions due to an Error Quote, Manifest Error, malfunction or misuse of the Trading Platform.
H. If clause 2.3 (VI) is breached as a consequence of a dispute involving another order, position or transaction, the Broker will pay the Client the difference between the value of closing the Open Position at the actual close price and the value of closing the Open Position at the Quote if the latter initiates a Dispute resolution process.
A. Use of software that implements artificial intelligence analytics on the Broker's systems and platforms
B. The deliberate damage, influence, or modification of Broker communications not intended for Client
C. The use of tools such as spiders, worms, Trojan horses, time bombs, or other code or instructions designed to damage or modify the trading platform or other systems the Broker owns.
D. The sending of unauthorized commercial communications not requested by the Broker.
I. By accessing the Broker Website, registering an account on CedarFX, or using services offered by our Third-Party Payment Providers, the Client expressly agrees to accepting and adhering to all terms contained herein.
II. The features available on the Broker website depend on the Client’s country of residence. It is the Client’s responsibility to ensure that the activities on the website comply with the regulations enforced in their country of residence.
III. CedarFX operates within the laws and regulation of St Vincent and the Grenadines. By using the Broker services, the Client agrees that to submit to the jurisdiction of the courts of St Vincent and the Grenadines and that all proceeding will be determined exclusively by the latter party. The Client agrees to waive any objection to any proceedings being brought forward in the courts of St Vincent and the Grenadines and to not claim that such proceedings have been passed on through an inconvenient medium, or that the Court lacks jurisdiction over the Client.
3.2 Client Trading Accounts
I. When opening a trading account, the Client accepts the risks associated with trading CFDs, including:
A. Market swings in price value may result in sharp losses, even leading to positions becoming devoid of value.
B. Opening any position may lead to loss of Client funds
C. Cryptocurrency and Bitcoin trading may include further risks described in the Risk Disclosure agreement provided by CedarFX.
A. Court summons, high court writ, court order, or other legal procedures;
B. Prevention of physical harm or financial loss;
C. On suspicion of illegal activity;
D. Legal requirement;
E. On investigation of suspected violation of the Broker’s Terms & Conditions or other policies.
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