TRADING ON TMT
AUTHORIZATION TO TRADE.
Customer’s application to open an Account with TMT binds him to the terms and conditions of this Agreement and automatically acknowledges and accepts the below terms and conditions.
TMT has the right to maintain one or more accounts in Customer’s name. It also has
the right to engage in transactions for Customer’s account in accordance with oral, written or electronic instructions by Customer and its officers, partners, principals, employees or other agents (“Representatives”).
The risk of all unauthorized instructions administered by his/her Representatives will be borne by Customer.
Customer will indemnify and hold TMT harmless from all claims,
liabilities, losses, damages, fees, costs and expenses relating to or arising from TMT’ reliance on such instructions, including any improper, unauthorized or fraudulent
instructions by the Representatives, except in cases of gross negligence or willful misconduct by TMT.
Unless expressly stated otherwise in writing, all transactions between TMT and
Customer shall be governed by the terms of this Agreement, as amended from time to time (including, without limitation, TMT Risk Disclosures and Trading Policies and
Procedures).
MANAGED ACCOUNTS.
With regard to managed Accounts, a money manager (“Money Manager”) is a person or entity authorized to make decisions with respect to an Account on behalf of theAccount’s beneficial owners, including a trustee, custodian, conservator, guardian,
executor, administrator, attorney in fact, or investment advisor or other person to
whom Customer has granted trading authority over an Account.
Customer understands and agrees that TMT may, but is not required to, review any action or inaction by a Money Manager with respect to an Account and is not responsible for determining whether a Money Manager’s action or inaction satisfies the standard of care applicable to such Money Manager’s handling of the Account.
Customers understand that management of accounts have a commission of 10% of each trades
Customer further understands and agrees that TMT is not responsible for determining the validity of a person’s or entity’s status or capacity to serve as a Money Manager.
Customer agrees to hold TMT and its officers, directors, employees, agents and
affiliates harmless from any liability, claim, or expense, including attorneys’ fees and disbursements, as incurred, for the actions or non-actions of Customer’s Money
Manager.
TRADING RECOMMENDATIONS
Customer acknowledges that:
Any market recommendations and information communicated to Customer by TMT or by any person within the company, does not constitute an offer to sell or the solicitation of an offer to buy any contract such recommendation and information, although based upon information obtained from sources believed by TMT to be reliable, may be based solely on a broker’s opinion and that such information may be incomplete and may be unverified; and TMT makes no representations, warranties or guarantees as to, and shall not be responsible for, the accuracy or completeness of any such information or trading recommendation furnished to Customer.
Customer acknowledges that TMT and/or its officers, directors, affiliates, associates, stockholders or representatives may have a position in or may intend to buy or sell, which are the subject of market recommendations furnished to Customer. Furthermore, the market position of TMT or any such officer, director, affiliate, associate, stockholder or representative may not be consistent with the recommendations furnished to Customer by TMT.
RISK ACKNOWLEDGMENT.
Customer acknowledges that investments in leveraged transactions are speculative, involve a high degree of risk, and are appropriate only for persons who can assume the risk of loss of their margin deposit.
Customer understands that because of the low margin normally required in trading over-the-counter contracts, price changes in contracts may result in the loss of Customer’s margin deposit.
Customer warrants that Customer is willing and able, financially and otherwise, to assume the risk of trading, and in consideration of TMT carrying his/her Account(s), Customer agrees not to hold TMT responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives.
Customer recognizes that guarantees of profit or freedom from loss are impossible in trading.
Customer acknowledges that Customer has received no such guarantees from TMT or from any of its representatives or any introducing agent or other entity with whom Customer is conducting his/her TMT Account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.
RECORDINGS.
Customer agrees and acknowledges that all conversations regarding Customer’s Account(s) between Customer and TMT personnel may be electronically recorded with or without the use of an automatic tone warning device.
Customer further agrees to the use of such recordings and transcripts thereof as evidence by either party in connection with any dispute or proceeding that may arise involving Customer or TMT.
Customer understands that TMT destroys such recordings at regular intervals in accordance with TMT established business procedures and Customer hereby consents to such destruction.
SECURITY AGREEMENT
All monies, securities, negotiable instruments, contracts, and/or other property on deposit with TMT or its affiliates, in Customer’s Account, for any purpose, including safekeeping, are hereby pledged with TMT and shall be subject to a security interest in TMT’ favor for the discharge of all Customer’s obligations to TMT, irrespective of the number of Accounts Customer has with TMT.
Customer acknowledges that TMT has the right to use the above-described properties and any Account credit to offset against any of Customer’s obligations to TMT including, but not limited to, transfers for the purpose of margining, or for application to negative balance Accounts not promptly paid, as well as delivery costs and charges.
USE OF MONIES.
Customer hereby also grants to TMT the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other customers, to itself or to others, any funds, securities, currencies, and the foreign currency or off-exchange transactions of Customer held by TMT as margin or security. TMT shall at no time be required to deliver to Customer the identical property delivered to or purchased by TMT for any Account of Customer.
TECHNOLOGY AND COMMUNICATIONS ISSUES.
TMTSTOCKS and/or its 3rd party service providers provide trading technology for Customer’s use in connection with transactions made by Customer with TMT. Such trading technology includes, but is not limited to, the Trading Platform, web applications, application program interfaces, software, software code, programs, protocols and displays (collectively “Technology”) for trading, analysing trades and markets and constructing automated trading systems.
TMTSTOCKS provides the Technology “as is,” without any warranties of merchantability, fitness for a particular purpose, or other express or implied warranties.
TMT is not liable for the operation or performance of any automated trading system developed with Technology or for any malfunctions of Technology or for any delays or interruptions in transmission of orders resulting from breakdown, excessive call volume or failure of transmission or communication equipment on the Internet or otherwise, including, but not limited to, communications problems, computer software or hardware breakdowns, malfunctioning errors, any and all problems or glitches associated with computer problems or any other technical cause or causes.
FOREIGN ACCOUNTS.
Customers not residing in the United States (”Foreign Accounts”) may be asked to comply with requests for special information by TMT as required by any governmental unit or regulatory agency.
This includes, but is not limited to, special calls for information. In the event of a special call for information, TMT or its agent shall be required to obtain the information set forth by any governmental unit or regulatory agency requesting information. In addition, Customer may be prohibited transactions (other than offsetting trades) should there be failure to respond to a special call.
Foreign Accounts must copy and forward an official form of picture identification and must provide a bank reference before Customer is approved for trading.
"COMMISSION FEE PAYMENT POLICY
1. Payment of Commission Fee: The Customer shall pay the commission fee in full prior to withdrawing any funds.
2. Withdrawal Restriction: Withdrawals shall not be processed until the commission fee has been paid in full.
3. Outstanding Balances: Any outstanding commission fee balances must be settled before withdrawal requests are processed.
By using our services, customers acknowledge and agree to these Commission Fee Payment Terms."
MAINTENANCE POLICY
To ensure seamless and secure trading services, we require all clients to maintain their trading accounts regularly. This policy outlines the requirements and fees associated with maintaining your trading account.
ACCOUNT MAINTENANCE STATUS
Your trading account has a maintenance status that indicates whether your account is up-to-date with the required maintenance fees. There are two possible maintenance statuses:
- Active: Your account is current with all maintenance fees, and you have full access to our trading services.
- Inactive: Your account is overdue with maintenance fees, and you may face service disruptions or restrictions.
MAINTENANCE FEE.
To keep your account maintenance status active, you are required to pay the applicable maintenance fees. These fees are due on a [ specify frequency, e.g., weekly, monthly, quarterly, annually] basis and are calculated based on your account type and trading activity.
PAYMENT TERMS
You can make maintenance fee payments through our website. Payments are due on the specified due date, and late payments may incur additional fees or penalties.
CONSEQUENCES OF NON-PAYMENT
If you fail to pay your maintenance fees, your account maintenance status will become inactive, and you may face:
- Service disruptions or restrictions
- Account suspension or termination
- Additional fees or penalties
REACTIVATION FEES
If your account maintenance status becomes inactive due to non-payment, you will be required to pay a reactivation fee to restore your account to active status.
By using our trading services, you acknowledge that you have read, understood, and agreed to these Maintenance Policy terms.
AMENDMENTS.
We reserve the right to modify or update this Maintenance Policy at any time, without prior notice. Your continued use of our trading services will be deemed acceptance of any changes to this policy.