Terms and Conditions Trading Account
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Terms and Conditions Trading Account BUX M PRO and BUX Markets PRO are trading names of BUX Financial Services Limited. BUX Financial Services Limited is a company registered in England and Wales under register number 03148972. BUX Financial Services Limited is authorised and regulated by the Financial Conduct Authority, FCA Register number 184333. Terms and Conditions – Trading Account Definitions and Terminology ................................................................................................................................ 3 1. Introduction .................................................................................................................................................. 7 2. Warnings ....................................................................................................................................................... 7 3. Our Rights under These Terms ................................................................................................................... 8 4. Disclosure of Information ............................................................................................................................ 9 5. Customer Classification .............................................................................................................................. 9 6. Your BUX MARKETS Account ..................................................................................................................... 9 7. Account Details ............................................................................................................................................ 9 8. Dealing with an Authorised Agent .............................................................................................................. 9 9. Prices........................................................................................................................................................... 10 10. Spreads ................................................................................................................................................... 10 11. Currency of Margined Trades ............................................................................................................... 10 12. Stake/Trade Sizes .................................................................................................................................. 10 13. Opening Positions ................................................................................................................................. 11 14. Closing Positions ................................................................................................................................... 12 15. Orders ..................................................................................................................................................... 12 16. Profits and Losses ................................................................................................................................. 15 17. Trade/Account Details Notification....................................................................................................... 15 18. BUX MARKETS’ Rights – Your Attention is Particularly Drawn to This Clause ............................... 15 19. BUX MARKETS’ Right to Termination and Closing Your Account .................................................... 18 20. Cancellation and Termination - Your Right ......................................................................................... 18 21. Errors ...................................................................................................................................................... 19 22. Events Outside of Our Control, Force Majeure and Market Distribution Events .............................. 19 23. Regulatory Provisions ........................................................................................................................... 19 24. Complaints and Disputes ...................................................................................................................... 20 25. Compensation ........................................................................................................................................ 20 26. Payments to BUX MARKETS ................................................................................................................ 20 27. Representations and Warranties .......................................................................................................... 20 28. Data Privacy and Your Personal Information ...................................................................................... 21 29. Market Abuse ......................................................................................................................................... 23 30. Intellectual Property............................................................................................................................... 23 31. Changes .................................................................................................................................................. 24 32. Notices .................................................................................................................................................... 25 33. Limitation of Liability – Your Attention is Particularly Drawn to This Clause .................................. 25 34. Assignment ............................................................................................................................................ 25 35. Waiver ..................................................................................................................................................... 26 36. Severance ............................................................................................................................................... 26 37. No Partnership ....................................................................................................................................... 26 38. Third parties ........................................................................................................................................... 26 39. Variation .................................................................................................................................................. 26 40. Governing law and Jurisdiction ............................................................................................................ 26 41. Rolling Over A Position – Fixed Expiry Spread Bets and CFDs ........................................................ 26 42. Daily Rolling Spread Bets ..................................................................................................................... 27 BUX M PRO and BUX Markets PRO are trading names of BUX Financial Services Limited. BUX Financial Services Limited is a company registered in England and Wales under register number 03148972. BUX Financial Services Limited is authorised and regulated by the Financial Conduct Authority, FCA Register number 184333. 1 43. CFDs and Financing – Non-Fixed Expiry CFDs ................................................................................... 27 44. Profits and Losses ................................................................................................................................. 27 45. Single Equity Products .......................................................................................................................... 28 46. Margin ..................................................................................................................................................... 29 47. Margin Calculation ................................................................................................................................. 30 48. Margin Payment (to maintain open positions) .................................................................................... 30 49. Auto Liquidation .................................................................................................................................... 31 50. Conflicts of Interest ............................................................................................................................... 31 51. Inactivity Fee .......................................................................................................................................... 32 BUX M PRO and BUX Markets PRO are trading names of BUX Financial Services Limited. BUX Financial Services Limited is a company registered in England and Wales under register number 03148972. BUX Financial Services Limited is authorised and regulated by the Financial Conduct Authority, FCA Register number 184333. 2 Definitions and Terminology Your account with Us for spread betting or CFD trading, as the case may be. Account Each Account will have a separate Account number. Account Value Trigger A percentage of Your Initial Margin Requirement as determined by BUX MARKETS an Authorised Agent A person authorised to operate your Account as referred to in clause 8. Application Form BUX MARKETS’ application form in respect of the Account in hard copy or online. Associated Company A company that is an associate of another within s.256 Companies Act 2006. Base Currency The currency agreed with You when We open Your Account. Business Day Monday to Friday (inclusive) excluding any English public holiday. The