Terms Of Use

This is a Customer Agreement (“Agreement”) between Tallinex Limited (“Tallinex”), a company organized under the laws of St Vincent and the Grenadines under company number 22199 IBC 2014, its successors and assigns, and the individual entity executing this Agreement (“Client”). By completing the on-line Open Live Account Application (“Application”) Client agrees that the terms set out in this Agreement (as amended by Tallinex from time to time) govern the terms of all of Client’s dealings with Tallinex and Tallinex “Services”.

 

In consideration of Tallinex agreeing to carry on one or more accounts of Client and providing services to Client in connection with the purchase and sale of currencies (collectively, "Forex"), Client agrees as follows:

 

1. Client warrants to Tallinex that:  Client is of sound mind, legal age and legal competence; and no person other than Client has or will have an interest in Client’s account(s); and, Client hereby warrants that regardless of any subsequent determination to the contrary, Client is suitable to trade Forex and understands the risk inherent in such trading; and (if not a natural person) is duly organized and validly existing under the applicable laws of the jurisdiction of its organization. If the Client is a company, the person who has completed the Customer Account Application on the Client's behalf is duly authorized to do so, and Client is not now an employee of any exchange, any corporation in which any exchange owns a majority of the capital stock, any member of any exchange and/or is registered on any exchange, or any bank, trust, or insurance company, and in the event that Client becomes so employed, Client will promptly notify Tallinex in writing of such employment; and,  all funds deposited to Client’s account are the sole funds of Client and of no other person or entity; and, all the information provided in the Application is true, correct and complete as of the date hereof and Client will promptly notify Tallinex of any changes in such information; and, all information provided by Client to Tallinex subsequent to completing the Application form will when given be true, correct and complete as of the date it is given and Client will promptly notify Tallinex of any changes in such information; and, the individual entity who completed the Application is authorized to so complete the Application on behalf the Client and is entitled to and does bind Client; and, Client has read and understood all of the terms set out in this Agreement and irrevocably agrees to be bound by them, and, Client represents and warrants that Client considers himself or herself to be a professional trader and it is in that capacity that Client enters into this Agreement. Client confirms that he/she has read and understood the existing Terms of use, Privacy Policy and Risk Disclosure Statement. The Client is personally responsible to ensure that the agreement material is the latest updated.

 

Terms of Use, together with the full Customer Account Application, Risk Disclosure Statement, Privacy Policy and all applicable written Addenda thereto, embodies the entire agreement of the parties ("Operative Agreements"), superseding any and all prior written and oral agreements. By completing the on-line Open Live Account Application, registering as a client and using the Tallinex Services, the user agrees to comply with the then valid Operative Agreements. Tallinex may, from time to time, make changes to the Terms Of Use so the user should regularly acquaint themselves with these conditions. If you do not accept these terms, we encourage you not to use these Services.

 

If any term of the Operative Agreements (or any part of any term) shall be held by a court of competent jurisdiction to be unenforceable for any reason then such term shall, to that extent, be deemed severable, but the enforceability of the remainder of Operative Agreements shall not be affected.

 

2. Responsibility for the content of the Tallinex Services

Tallinex is responsible for the legality of the content and that it is provided in accordance with good practice, in addition to requirements related to copyrights and other intellectual property rights.

The general information, guidance or advice provided by the Tallinex Services are not intended to be a legal, commercial, or similarly Tallinex -binding source of information, guidance or advice, and should not be relied upon by the user. On this basis, demands cannot be presented to Tallinex. Tallinex accepts no responsibility for any damages caused to the user through the use of incorrect, incomplete or ambiguous data.

Tallinex is responsible for the services and their accuracy, quality and the functioning of related data in accordance with the applied mandatory legislation.

 

3. Use of Website

Client acknowledges that whilst Tallinex will use reasonable endeavors to ensure all information on its website is accurate, Tallinex makes no warranties or representations that the website content is accurate or correct or up to date and any reliance on the information by Client is at Client’s own risk. Client acknowledges that Tallinex recommends that Client obtains its own professional legal and financial representation.

 

Visa / Mastercard services are provided by Tallinex Limited, 1st Floor, 2 Woodberry Grove, Finchely, London, N12 0DR, UK.

Clearing and trading services are solely provided by Tallinex Limited, The Jaycees Building, Stoney Ground, PO Box 362, Kingstown, VC0100, St Vincent and the Grenadines ('the Merchant').

All enquiries and complaints should be directed to the Merchant (Tallinex Limited, The Jaycees Building, Stoney Ground, PO Box 362, Kingstown, VC0100, St Vincent and the Grenadines) via any of the methods shown on the Contact Us page of this website, not to Tallinex Limited, 1st Floor, 2 Woodberry Grove, Finchely, London, N12 0DR, UK nor to any other entity.

 

4. Margin requirements

The Client shall provide and maintain the Margin in such limits as Tallinex, at its sole discretion, may require from time to time under the Operative Agreements. It is the Client's responsibility to ensure that the Client understands how a margin is calculated. Client agrees to maintain sufficient margin in Client's account without notice from Tallinex. Tallinex is entitled to close the Client's Open Positions without the consent of the Client or any prior written notice if the Equity is less than Tallinex’s valid margin requirements. Tallinex is not responsible for any realized losses arising therefrom.

 

5. Email Marketing

Client consents to Tallinex sending out emails with details of marketing material which Tallinex believes may be of interest to Client. Client consents to receiving these emails. Client can unsubscribe from these emails at any time.

 

6. Clients who are introduced to Tallinex by an Introducing Broker or Third Party Advisor

If an Introducing Broker or Third Party Advisor introduces the Client to Tallinex, the Client understands that Tallinex may pay fees, commissions or other compensation to such person or entity for the introduction. Client acknowledges and agrees that as an Introducing Broker or Third Party Advisor to Tallinex, the Introducing Broker or Third Party Advisor does not hold or collect any margined funds on behalf of Tallinex or for the Client's Account. Tallinex does not control and cannot endorse or vouch for the accuracy of any information or advice Client may have or will receive from the Introducing Broker or Third Party Advisor and Client agrees that such Introducing Broker or Third Party Advisor does not in any form or manner represent or act for or on behalf of Tallinex. The Introducing Broker or Third Party Advisor will not have trade authorization privileges unless granted in writing by the Client. The Client under all circumstances understands and agrees that the Introducing Broker and/or Third Party Advisor is the Client's agent and not the agent of Tallinex.

 

Tallinex is a wholly separate and independent entity from any Introducing Broker with which it has a business relationship. The Introducing Broker Agreement between Tallinex and Introducing Broker does not establish a joint venture or partnership and any such Introducing Broker is not an agent or employee of Tallinex.

 

All rights of Tallinex under these Terms of Use shall also be extended to any Introducing Broker or other person who refers or introduces Client to Tallinex.

 

7. Joint accounts

Where the Application is for a joint account, whilst the account is owned jointly each Client severally has authority:  to trade Client’s account without restriction, to receive all correspondence and documents in respect to Client’s account, to receive or withdraw money from Client’s account, to execute agreements relating to Client’s account, and to deal with Tallinex fully. Tallinex has the authority to require joint action by the parties of the account in matters of the account if Tallinex decides at its discretion this is necessary. Client acknowledges that on the death of one of the joint parties all funds and property in Client’s account shall be deemed to be owned solely by the surviving party. Tallinex reserves the right in the event of the death of one of the joint parties to require a copy of the death certificate and is entitled to put a hold on the account until this has been provided.

 

8. Transfer of Customership

Client agrees that Tallinex may transfer Customership to a third party at its sole discretion. Unless otherwise notified, following transfer, Client shall be a client of the third party with the same contractual conditions as Client had with Tallinex.

 

9. Data security and Confidentiality

Client agrees and acknowledges that Client is the exclusive owner and solely responsible, joint and severally if applicable, for the confidentiality and protection of Client’s account number(s) and password(s) that allow Client to place on-line orders and access Tallinex’s electronic trading systems. Client further agrees that Client will be fully responsible for all activities including brokerage transactions that arise from the use of Client’s account number(s) and password(s). Client agrees to indemnify and hold Tallinex harmless from: if any other person utilizing Client’s confidential information provides instructions to Tallinex that may be contrary to Client’s instructions. Client will immediately notify Tallinex in writing or by e-mail of any loss, theft or unauthorized use of Client’s account number(s) and/or password(s). Client accepts that the data networks and the services which are provided through them are not completely safe, and that the user is responsible for the proper handling of the information and security of their own information systems. The user is also responsible for the equipment required to use the Services, the acquisition and operational condition of the links and software and to ensure that they do not cause damage or disruption to Tallinex or a third party.

 

10. No Tax, Accounting, Legal Market Advice or Trading recommendations

Client acknowledges that Tallinex does not provide any tax, accounting or legal advice of any kind to Client. Tallinex does not give advice or offer any opinion with respect to the profitability, suitability or potential value of a particular transaction or investment strategy. Client further acknowledge that any recommendations, research, market letters or other information (collectively, “Market Information”) provided to Client by Tallinex does not constitute an offer or solicitation to sell or to buy any Forex or other property. Client assumes the risk of relying on Market Information and hereby will indemnify and hold Tallinex harmless from any and all claims, demands, losses, damages or expenses Tallinex may incur as a result of Client’s use of Market Information. Client agrees that any investment decision and transaction Client makes will be based solely on Client’s own evaluation of Client’s financial circumstances and investment objectives and whether such decisions and transactions are suitable with respect to your investment and/or trading strategy. Tallinex does not provide buying or selling recommendations and neither do the services provide general information or other such information intended to guide the investment process of the client so the client must form their own view of the market or use the investment advice of specialists, taking into account that investment operations always come with high risk such as the loss of all invested capital. Client acknowledges and agrees that any market recommendations and information communicated to Client by Tallinex, its employees or any Third Party do not constitute an offer to sell or the solicitation of an offer to buy any Foreign Currency. Tallinex makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or trading recommendation furnished to Client.

 

11. Commissions and Fees   

Client understands and agrees that commissions and fees (as disclosed on Tallinex’s website or in writing to Client) are charged to Client’s account on any and all transactions Client enters into. Tallinex may share commissions, fees, rebates and, from time to time, profits with the introducing broker who introduced Client to Tallinex. Client agrees to pay all such commissions and fees. If Client is on a commission free account, Client will be charged a spread between the bid price of the instrument and ask price of the instrument.

 

12. No guarantees

The Services of Tallinex are provided "as is" and Tallinex disclaims any express or implied guarantees. All utilization of the Services takes place at the sole risk of the user.

 

The user is solely responsible for damages arising from the information system or loss of data resulting from downloading the content (including viruses and malware) of the service. No advice or information, written or verbal, which the user may receive from Tallinex or through the service shall create any legally binding counsel or guarantee unless otherwise expressly stated in these Terms of Use.

 

Tallinex does not guarantee that:

  1. the Services or the material received through the Services corresponds to the user's expectations,

  2. the Services are available uninterrupted or timely, reliably or flawlessly,

  3. prices reflected in the trading platform are correct until fully settled, or

  4. the accuracy and quality of the information which the user has received through the Services, is error-free, or otherwise meets the expectations of the user.

 

In situations where upline technical failure results in incorrect fills, Tallinex reserves the right to subsequently adjust and correct affected fill prices, whether to the benefit or detriment of the affected account.

 

Trading platform

  1. Client acknowledges that only one Request or Instruction is allowed to be in the queue at one time. Once Client has transmitted a Request or an Instruction, any further Requests or Instructions transmitted by Client are ignored and the “Order is locked” message appears until the first Request or Instruction has been executed.

  2. Client acknowledges that the only reliable source of Quotes Flow information is that of the real/live Server’s Quotes Base. Quotes Base in the Client Terminal is not a reliable source of Quotes Flow information because the connection between the Client Terminal and the Server may be disrupted at some point and some Quotes simply may not reach the Client Terminal.

  3. Client acknowledges that when Client closes the order placing/modifying/deleting window or the position opening/closing window, the Instruction or Request that has been sent to the Server shall not be cancelled.

  4. In cases where Client has not received the execution result of the previously sent Instruction and decides to repeat that Instruction, Client accepts the risk of duplicating the Transaction.

  5. Client acknowledges that if a Pending Order has already been executed and Client sends an Instruction to modify its level and the levels of If-Done Orders at the same time, only the Instruction to modify Stop Loss and/or Take Profit levels will be executed on the position opened when the Pending Order triggered.

 

Nothing in this agreement shall limit the statutory rights of the consumer.

 

13. Limitation of liability

Tallinex (including its possible service providers) is not responsible for any incidental or consequential damages, including delays, damages caused by unused service possibilities, loss of income, goodwill, user rights, or data or other economic losses, resulting from: use of the services or because these could not be used, costs arising from acquiring a substitute service, data or information received through the services or a message which has been received through the services, unlawful data transmissions or unlawful alterations to these, or other conditions connected to the services. Further, Tallinex will not be liable for any loss or expense incurred by the client in connection with, or directly or indirectly arising from any failure by the company to perform any of its obligations as a result of a cause beyond its control; or the acts, commissions or negligence of any third party.

 

14. Force majeure

A force majeure releases Tallinex from any such obligations connected to its services, in so far as events prevent the functioning of its service or parts thereof or causes undue harm to it. Such events considered to be a force majeure are fires, earthquakes, floods, explosions, strikes and other cessations of work, the orders of officials, disturbances concerning the supply of energy, shortages of raw materials or equipment, war, civil unrest, externally caused by external sources resultant cable or data communication disturbances or other such reasons which were not previously known and for which prior preparation was not possible.

 

Tallinex will inform users through written notification of the onset, estimated duration and cessation of the above-mentioned circumstances as soon as possible after the event has occurred, in so far as an announcement is possible. Written notification shall be understood as e-mail, mail or announcement on Tallinex’s website.

 

15. Governing Law and Jurisdiction

This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby, whether brought by Client or Tallinex, shall be governed by, construed and enforced in all respects by the laws of St Vincent and the Grenadines and the parties submit to the exclusive jurisdiction of the St Vincent and the Grenadines courts.

 

16. The validity and changes to the Terms of Use

Tallinex may change these Terms of use at any time and without prior notice. Tallinex will attempt to inform users of changes to these Terms Of Use in connection with the Services. Changes to the Terms Of Use will take effect at a time indicated by Tallinex. By using the Services or by express recognition, the user accepts any and all changes as binding. If the user does not accept any change to the Terms Of Use then they must cease use of the Services immediately.

 

If not otherwise stated in any applicable written Addenda, The Client may terminate the Operative Agreements with immediate effect by giving Written Notice to Tallinex. Accordingly, Tallinex may terminate the Operative Agreements with immediate effect by giving Written Notice to the Client. Any such termination will not affect any obligation which has already been incurred by either the Client or Tallinex in respect of any Open Position or any legal rights or obligations which may already have arisen under the Operative Agreements or any Transactions and deposit/withdrawal operations made thereunder. Upon termination Tallinex will be entitled without prior notice to the Client to cease to grant the Client access to the Trading Platform. Further, all amounts payable by the Client to Tallinex will become immediately due and payable including (but without limitation):

- all outstanding fees, charges and commissions;

- any dealing expenses incurred by terminating the Operative Agreements; and

- any losses and expenses realized in closing out any Transactions or settling or concluding outstanding obligations incurred by Tallinex on the Client's behalf.

 

If you have any questions, feel free to contact us at info@tallinex.com.

 

Bonus offers

From time to time, Tallinex may promote bonus offers. Where applicable, details, terms and conditions of current and prior offers are shown below.

General Bonus Terms and Conditions

  1. The Company has the right to amend, alter or terminate bonus offers at its sole discretion, and at any time without notice
     
  2. The Company reserves the right to refuse a bonus at its sole discretion without the need to provide justification
     
  3. Persons under the age of 18, or below the legal competent age in their country of residence ("minors"), are not permitted to participate in bonus offers
     
  4. Clients preferring not to take advantage of bonus offers should submit a general request via their Back-Office account and ask to be removed from the relevant bonus offer (Note: removal is a manual process that may take up to one business day)
     
  5. If the Company suspects that a Client has abused or attempted to abuse a promotion, or otherwise acted with a lack of good faith towards the Company, then the Company reserves the right, at its sole discretion, to deny, withhold or withdraw from that Client any bonus or promotion and, if necessary, to cancel any terms and conditions with respect to that Client, either temporarily or permanently, or terminate that Client's access to the service and/or block that Client's Account. The Company will not be liable for any stop outs or any other consequences that result from a bonus cancellation and/or removal
     
  6. Any dispute or situation not covered by these Terms will be resolved by the Company in a fair manner
 

100% Withdrawable Deposit Bonus (Validity: January 1st, 2015 - )

This deposit-based bonus offer allows each deposit to be withdrawn after trading sufficient volume. Deposits are listed (in date order) on the 'Bonuses' page of the relevant Back-Office profile (Funding->Bonuses menu option) and show the required volume and current progress. All trading volume for the associated trading account is applied to the earliest unclaimed deposit amount. In the event of account stop-out, volume already achieved is retained so bonus qualification can continue after adding funds to the account and resuming trading. The volume requirement may be varied from time to time but the requirement in force at time of deposit will form the basis of each bonus qualification. Multiple deposits during a calendar month shall be combined to form a single deposit amount. In order to qualify, the following criteria must be met:

a) only new deposits are eligible, not inter-account / wallet transfers
b) the specified minimum number of lots must be traded for each 1.00 of bonus
     i.e. if the requirement is '0.5 lots per $1' then deposit $100 and trade 50.00 lots
c) partial withdrawals of bonus amounts are not permitted - each calendar month deposit bonus total must be achieved in full

Once sufficient volume has been traded, the current bonus amount shall be transferred into the account wallet and instantly available for withdrawal. Qualification for any subsequent deposit amount will then begin immediately. Any deviation from, or attempt to circumvent, the bonus criteria renders the offer null and void.
 

100% Credit Bonus + Credit Withdrawal (Validity: March 1st, 2014 - December 31st, 2014)

This deposit-based bonus offer includes a 100% credit bonus on deposit amounts plus the ability to withdraw the credit bonus. The 'credit bonus' aspect increases account equity, free margin and leverage, but cannot be used to fund trading losses and cannot be withdrawn as cash unless volume requirements are met. By increasing free margin, the actual margin call and stop-out levels are reduced to almost 0% above the account balance, meaning that open losses can almost equal the account balance before stop-out will occur. The 'credit bonus' aspect is applicable to all deposits into the account. In order to qualify, the following criteria must be met:

a) the account must be new and introduced via referral ID 111268 or 106372
b) a minimum of 0.80 lots must be traded for each 1.00 of bonus
     i.e. deposit $100 and trade 80.00 lots
c) partial withdrawals are not permitted

Following verification of adequate traded volume, the current credit bonus amount shall be converted into deposit to be traded and/or instantly available for withdrawal. Any deviation from the bonus criteria renders the offer null and void.
 

100% Credit Bonus + Bonus Scaling (Validity: December 3rd, 2013 - December 31st, 2014)

This deposit-based bonus offer includes a 100% credit bonus on deposit amounts plus scaled 1,000% cash bonus offers. The 'credit bonus' aspect increases account equity, free margin and leverage, but cannot be used to fund trading losses and cannot be withdrawn as cash. By increasing free margin, the actual margin call and stop-out levels are reduced to almost 0% above the account balance, meaning that open losses can almost equal the account balance before stop-out will occur. The 'credit bonus' aspect is applicable to all deposits into the account. In order to qualify for a scaled bonus payment, the following criteria must be met:

a) the account type must be ECN-MICRO
b) the account must be new and introduced via referral ID 105742
c) the account balance must show an increase of 1,000% on deposits
     i.e. deposit a total of $1,000 and trade that up to $11,000
d) a minimum of 0.25 lots must be traded for each 1.00 of bonus

Following verification of the results, the account holder must choose whether to accept a cash bonus equal to 1,000% of the balance increase (instantly available for withdrawal) or to attempt another 1,000% balance increase. Any deviation from the bonus criteria renders the offer null and void. Maximum of one cash bonus per account.
 

100% Credit Bonus (Validity: April 1st, 2013 - )

This deposit-based bonus offer is in lieu of the standard deposit bonus scheme and is intended to allow increased trading volume for PRO-MANAGED accounts linked to particular Money Managers. A 'credit bonus' increases account equity, free margin and leverage, but cannot be used to fund trading losses and cannot be withdrawn as cash. By increasing free margin, the actual margin call and stop-out levels are reduced to almost 0% above the account balance, meaning that open losses can almost equal the account balance before stop-out will occur.
 
PRO-MANAGED clients taking advantage of this bonus enjoy the following key benefits:
  • Increased Leverage
  • Protection from Margin Calls and Stop Outs during drawdown periods
  • Minimum deposit reduced from US$1,000 to just US$500 due to the 100% credit bonus
 
Bonus-specific Terms and Conditions
  1. This deposit-based offer applies specifically to PRO-MANAGED accounts linked to particular Money Managers
     
  2. The offer applies only to new deposits of at least US$500 (or equivalent)
     
  3. The maximum amount that can be awarded under this bonus offer is US$50,000 (or equivalent) per trading account. If a Client has multiple trading accounts then the total sum awarded across all eligible trading accounts cannot exceed US$100,000 (or equivalent)
     
  4. Internal fund transfers between Tallinex trading accounts owned by the same Client are considered withdrawals - bonus reduction will therefore occur if the amount being transferred from a 100% Credit Bonus account reduces the account balance below the level of deposit for which the bonus was awarded
     
  5. Credit Bonuses cannot be transferred to other accounts other than by special prior arrangement between Tallinex and the respective Money Manager

 

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Risk warning: Tallinex warns that trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage. Before deciding to invest in foreign exchange or futures, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and consult with an independent financial advisor if you have any doubts. Clearing and trading services operated by Tallinex Limited, The Jaycees Building, Stoney Ground, PO Box 362, Kingstown, VC0100, St Vincent and the Grenadines.

Tallinex does not operate within the United States or Canada, nor does it solicit residents of those countries, or of St Vincent and The Grenadines in relation to the provision of retail Forex services.

Tallinex, tallinex and tallinex.com are registered trademarks, trademarks or service marks of Tallinex Limited. All custom graphics, icons, logos and service names are registered trademarks, trademarks or service marks of Tallinex Limited. All other trademarks or service marks are the property of their respective owners. The use of any Tallinex Limited trademark or service mark (including, but not limited to, domain name registrations) without express written consent from Tallinex Limited is strictly prohibited and constitutes a trademark / service mark infringement under international law.


Tallinex Limited | +44-203-514-2400 (London) | info@tallinex.com
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