Terms & Conditions
ARTICLE 1 - DEFINITIONS
In these Terms and Conditions, the following words shall have the meaning hereby assigned to them:
"MEMBER(S)" |
A person who has subscribed to the PRODUCT and is receiving e-mails. |
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"COMPANY" |
Global Equity Trading Limited. |
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"PRODUCT" |
COMPANY owned "Black Box" Pairs Trading system known as "Premier Trader" which generates e-mail trading alerts to MEMBERS. |
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"PARTY(IES)" |
COMPANY and/or MEMBER |
ARTICLE 2 - OVERALL AGREEMENT
By subscribing to the PRODUCT, MEMBER agrees to be bound by these terms and conditions, which shall not be changed for any reason whatsoever. No modifications or amendments proposed by MEMBER or other PARTIES will be accepted without express agreement in writing from COMPANY.
ARTICLE 3 - COMPANY OBLIGATIONS
COMPANY shall provide PRODUCT to MEMBER, which shall consist of daily e-mail trading alerts at approximately 8.30 each evening on each day that the New York Stock Exchange is open. COMPANY will make its best endeavours to abide by this. However, on occasions due to technical difficulties or other issues, alerts may not be issued. By subscribing to the PRODUCT, MEMBER agrees that COMPANY will not be liable for any loss that the MEMBER may incur due to the failure to issue alerts.
ARTICLE 4 - MEMBER OBLIGATIONS
By subscribing to the PRODUCT, MEMBER agrees to pay the monthly subscription, in accordance with the terms advised in Chapter 3 of this brochure, by Credit or Debit Card through COMPANY chosen payment system.
ARTICLE 5 - NO ADVICE
COMPANY does not offer trading advice.
COMPANY, its' officers, employees or other representatives are not registered or authorised by the Financial Services Authority to offer investment advice. All trading signals, marketing information, tutorials or other information is for information only and by subscribing, MEMBER understands absolutely that any data or information supplied or issued by COMPANY, whether written, verbal or electronic, is not advice or instruction. MEMBERS, if they so choose to trade, will be doing so on their own initiative and at their own risk.
ARTICLE 6 - PROFITS and LOSSES
MEMBER understands that past performance is no guarantee of future profits. No guarantees of any kind are made regarding the future profitability of the PRODUCT.
ARTICLE 7 - SPREAD BETTING RISK WARNING
Spread Betting is a leveraged product and carries a high degree of risk to Capital employed. It is entirely possible to lose more than your initial stake. Spread Betting will not be suitable for everyone. Only money you can afford to lose should be used. Before subscribing to the service, prospective MEMBERS should ensure that they fully understand the risks involved. By subscribing to this product, MEMBER understands this.
ARTICLE 8 - TRADING RESULTS
Historical and future trading results quoted in information packs and elsewhere are based on the trading signals generated by the PRODUCT, calculated at end of day prices. By subscribing to the PRODUCT, MEMBER understands that the actual results obtained will differ, due to the fact that the signals go out thirty minutes before the end of the trading day, in order to give the MEMBER time to implement any trades. MEMBER also understands that by subscribing to this PRODUCT, there may be other reasons for variations in performance including different spreads and margin requirements from different spread betting platforms, timing, slippage, etc... The quoted results are not based on an individual's Spread Betting Account.
ARTICLE 9 - TERMINATION
COMPANY reserves the right to terminate membership without reference to or consent of MEMBER for any reason whatsoever.
ARTICLE 10 - UNDERSTANDING OF TERMS AND CONDITIONS
By subscribing to the PRODUCT, MEMBER warrants that he understands all the Terms and Conditions and irrevocably agrees to be bound by them. This does not affect any PARTY'S statutory rights.
ARTICLE 11 - TAXATION
Spread Betting income in the UK is tax free at the date of MEMBER'S subscription. However, Tax Laws are subject to change and by subscribing to the PRODUCT, MEMBER agrees that COMPANY cannot guarantee in the future such tax free status.
ARTICLE 12 - GOVERNING LAW
The performance and interpretation of these Terms and Conditions shall be governed by the Laws of England.