Common use of Access and Authorization Clause in Contracts

Access and Authorization. 7.1. You will be provided with login credentials to access your trading account and trading platform with us. You are responsible for always keeping these credentials secure and confidential. We strongly suggest that you do not leave your trading account unattended and to avoid disclosing your credentials to anyone. 7.2. You are solely responsible for all transactions, orders, requests, and trading activities initiated in your trading account or trading platform, including those activities identified under your registered information. Any of the said action under your trading account or platform shall be deemed as made or authorized by you, whether it was done intentionally or not. 7.3. If you intend to grant access and authority to a third party subject to our approval, whether to supervise or operate your account, you thereby acknowledge the risks of such authorization. You must ensure that you are knowledgeable about all the activities that the respective third party performs in your trading account, wherein you are solely responsible for such. We will not be liable for any loss or damage you may incur in consequence of authorizing a third party to use and access your trading account. 7.4. We discourage you to disclose your account credentials and information to avoid unfavorable third-party access. If you suppose that there has been an unknown or inappropriate use or access to your trading account, the incident must be reported to us immediately. You agree that you will be solely accountable for any damage or loss upon misuse of any third party. 7.5. You can authorize a first-degree relative to execute trading activities on your behalf, provided that your submitted formal letter of request was approved by us and further written agreement was granted, which you can request via email. Furthermore, you acknowledge that you and your respective relative must comply with the additional procedures and verification process. 7.6. You may also authorize a third party to manage your account, provided that your submitted formal letter of request was approved by us and written agreement was granted. If you intend to grant trading authority to a third party, you and the relevant third party must comply with the additional terms and conditions. Neither the Company nor any of our affiliates is responsible for overseeing your choice of such authorization or for making any recommendations with respect thereto. We are not liable for any loss or damage your account may incur for granting authority to any third party. Moreover, we reserve the right to reject and dismiss your appointed third party and any transactions performed by him/her at any time without prior notice. 7.7. By granting access and authority to any third party, you affirm that the relevant third party is knowledgeable of the Terms and Conditions and is capable to manage your trading account. All trading activities and financial transactions conducted by the relevant third party are under the liability of the Client, regardless of abuse of authorization or enactment of fraudulent activities. 7.8. We reserve the right to restrict, cancel, or terminate the access and authorization immediately of any third party, including any transaction made by such, if deemed necessary without prior notice. 7.9. Some business transactions, contracts, and agreements are provided as electronic documents that require electronic signatures instead of paper-based documents and signatures. You agree that electronic signatures are binding and is an affirmation of the relevant document. You understand and accept that electronic signatures for such documents are equivalent to your official signature. 7.10. The electronic documents and forms may be sent to your email. You must ensure that your registered email is active and accurate to avoid complications in receiving any electronic document.

Appears in 2 contracts

Sources: Terms and Conditions, Terms and Conditions

Access and Authorization. 7.1. You will be provided with login credentials to access your trading account and trading platform with us. You are responsible for always keeping these credentials secure and confidential. We strongly suggest that you do not leave your trading account unattended and to avoid disclosing your credentials to anyone. 7.2. You are solely responsible for all transactions, orders, requests, and trading activities initiated in your trading account or trading platform, including those activities identified under your registered information. Any of the said action actions under your trading account or platform shall be deemed as made or authorized by you, whether it was done intentionally or not. 7.3. If you intend to grant access and authority to a third party subject to our approval, whether to supervise or operate your account, you thereby hereby acknowledge the risks of such authorization. You must ensure that you are knowledgeable about all the activities that the respective third party performs in your trading account, wherein you are solely responsible for such. We will not be liable for any loss or damage you may incur in as a consequence of authorizing a third party to use and access your trading account. 7.4. We discourage you to disclose from disclosing your account credentials and information to avoid unfavorable third-party access. If you suppose that there has been an unknown or inappropriate use or access to your trading account, the incident must be reported to us immediately. You agree that you will be solely accountable for any damage or loss upon the misuse of by any third party. 7.5. You can authorize a first-degree relative to execute trading activities on your behalf, provided that your submitted formal letter of request was approved by us and further written agreement authorization was granted, which you can request via email. Furthermore, you acknowledge that you and your respective relative must comply with the additional procedures and verification process. 7.6. You may also authorize a third party to manage your account, provided that your submitted formal letter of request was approved by us and written agreement authorization was granted. If you intend to grant trading authority to a third party, you and the relevant third party must comply with the additional terms and conditions. Neither the Company nor any of our affiliates is are responsible for overseeing your choice of such authorization or for making any recommendations with respect thereto. We are not liable for any loss or damage your account may incur for granting authority to any third party. Moreover, we reserve the right to reject and dismiss your appointed third party and any transactions performed by him/her at any time without prior notice. 7.7. By granting access and authority to any third party, you affirm that the relevant third party is knowledgeable of the Terms and Conditions and is capable to manage of managing your trading account. All trading activities and financial transactions conducted by the relevant third party are under the liability of the Client, regardless of abuse of authorization or enactment of fraudulent activities. 7.8. We reserve the right to restrict, cancel, or terminate the access and authorization immediately of any third party, including any transaction made by such, if deemed necessary without prior notice. 7.9. Some business transactions, contracts, and agreements are provided as electronic documents that require electronic signatures instead of paper-based documents and signatures. You agree that electronic signatures are binding and is are an affirmation of the relevant document. You understand and accept that electronic signatures for such documents are equivalent to your official signature. 7.10. The electronic documents and forms may be sent to your email. You must ensure that your registered email is active and accurate to avoid complications in receiving any electronic document.

Appears in 1 contract

Sources: Terms and Conditions