Public Offer Agreement

Master agreement

Superforex Partnership Agreement. The present Agreement is made between Superforex, hereinafter referred to as “the Company,” and the Master. The Parties hereby agree to the following :

General Provisions
1. The Company and the Master undertake obligations to attract Junior Affiliates who would carry out trading operations with the instruments the Company offers.
2. The Master undertakes rights and obligations described in this Agreement with regard to the attraction of Junior Affiliates for entering into brokerage service contracts with the Company. The Master also undertakes other rights and obligations hereinafter set forth. Honoring the commitments stipulated in the present Agreement, the Master attracts Junior Affiliates for the Company on its behalf.
3. The Master unconditionally acknowledges that all Junior Affiliates attracted are the Company’s Junior Affiliates.
4. Language
  1. The official language of this Agreement is English.
  2. For masters' convenience, the Company may provide the translation of the present Agreement into another language. The function of that translation is purely informative.
  3. If there is a discrepancy between the English version and the translation of the present Agreement into another language, the English version shall be viewed as the one with more authority.
5. Master’s identity verification
  1. The Company has a right to request confirmation of any information the Master provides during registration for the affiliate program. For this purpose, the Company shall be entitled to request a scanned copy or a notarized copy of the Master's ID document, at the Company's discretion.
  2. If the Master has not received the Company's request for a scanned copy or a notarized copy of the ID document, the verification of the affiliate account shall be deemed non-obligatory. However, the Company reserves the right to restrict access of non-verified accounts to certain services. In this case, the Master may optionally pass the verification procedure.
  3. In the event that any information provided by the Master during registration (name, residential address or telephone number) changes, the Master must immediately inform the Master Relations Department of the Company about these changes and request that the Company updates the information.
  4. The Master acknowledges and agrees that any information provided during registration for the affiliate program may be employed by the Company in an anti-money laundering campaign.
  5. The Master is responsible for the authenticity of their ID documents (copies included). The Master acknowledges the Company's right to contact law enforcement agencies of the country where the ID document was issued to confirm its authenticity if it is questionable. Should the ID document be found to be a forgery, the Company shall be entitled to bring the Master to justice in accordance with legislation in the country where the ID document was issued.

Relationship with Junior Affiliates
1. The Master may provide advertising of the Company referring to the corresponding section of the Company’s website and information confirmed to be authentic by the Company to prospective Junior Affiliates.
2. The Master warrants the authenticity and legal validity of all documents and contracts which the Master submits to the Company on behalf of a Junior Affiliate.
3. The Master shall provide Junior Affiliates with essential reliable information relevant to entering into brokerage service contracts with the Company and explanations regarding the content of the contracts and the Company’s services.
4. The Master is obliged to notify a Junior Affiliate of any risks related to currency trading before the Junior Affiliate Agreement is signed.
5. Providing recommendations and information to motivate a Junior Affiliate to trade is not part of the Company’s service plan. In exceptional cases, the Company has a right to provide information, recommendations and advice to a Junior Affiliate at its discretion, however, the Company shall not bear responsibility for the consequences of such recommendations.
6. The Master shall refrain from giving a Junior Affiliate recommendations or advice concerning trading operations on the trading account. In case the Master does not comply with this, the Company shall not bear responsibility for the consequences of the recommendations or advice provided.

Master's rights and obligations
1. The Master is obliged to attract new Junior Affiliates to enter into brokerage service agreements with the Company and operate on international financial markets under the Company's terms and conditions.
2. The Master is obliged to open an affiliate account with the Company in order to receive commissions.
3. The Master is obliged to be competent about the Company’s services and master general information about international financial markets.
4. The Master is obliged to study all the Company’s informational resources on his own and inform Junior Affiliates about important changes in a timely manner.
5. The Master is obliged to provide Junior Affiliates in their affiliate group with comprehensive information and legal support, as well as solve problems Junior Affiliates may face while trading on foreign exchange markets.
6. The Master is obliged to answer all Junior Affiliate inquiries about the services provided by the Company.
7. The Master is not entitled to enter into any sub-agency and other agreements (contracts) which give a right to delegate the Partner’s authority, in full or in part, to third parties under the present Agreement without prior written consent from the Company. The assignment of right of demand is only possible after obtaining the Company’s consent.
8. Should the Master be incapable of solving the problem of a Junior Affiliate on his own, the Master is obliged to contact the Company’s specialists with all the details necessary to solve the problem (account numbers, order tickets, time of order, etc.).
9. The Master has a right to plan and implement marketing and advertising campaigns only if the Company approved said campaigns.
10. The Company reserves the right to cancel affiliate commissions without prior notice in case the Master was found to request the keyword "superforex" and its spelling variations, including conformable words in other languages, in such search engines as Google, Bing, Yahoo!, Yandex, etc. to attract new Junior Affiliates. The exceptions are the soсial networks like Facebook, Twitter, Instagram and so on.
11. The Master has a right to replenish the affiliate account and withdraw funds from it in accordance with the Junior Affiliate Agreement.
12. As stated in the Junior Affiliate Agreement, the affiliate account is available as a private Junior Affiliate account, i.e. the Master has a right to carry out trading operations on the affiliate account. Due to rapid changes in the exchange rates of national currencies used by Junior Affiliates to replenish their trading accounts, the Company reserves the right to use an average of these exchange rates in settlements with masters.
13. In case of any problems related to business running and rendering the Company’s services, the Master shall contact the Company with details of a problem so that the Company can advise the Master on time on possible solutions.
14. The Master shall only be entitled to conduct trading operations on a Junior Affiliate’s trading account with the written permission of the Junior Affiliate.
15. The Master has a right to monitor the efficiency of promotional campaigns through custom affiliate codes and affiliate statistics provided by the Company.
16. The Master has a right to use promotional materials provided by the Company such as banners, widgets/informers, text links, landing pages, etc.
17. The Master has a right to use the design of the Company’s brand production for advertising.
18. The Master has a right to attract other masters and earn a commission on every trade of Junior Affiliates they referred as part of our multi-tier program.
19. The Master is entitled to a free affiliate website with regularly updated content. The Master will be able to give it a domain name. The latter is to be approved by the Company in advance.

Company's rights and obligations
1. The Company is obliged to open trading accounts for Junior Affiliates referred by the Master in accordance with the Junior Affiliate Agreement.
2. The Company shall enable Junior Affiliates to conduct trading operations in the system by providing Junior Affiliates with login credentials (username and password).
3. The Company is obliged to maintain a comprehensive record of all operations made by Junior Affiliates.
4. The Company shall provide the Master with information concerning the content of agreements signed as well as the terms and conditions of Junior Affiliate participation in foreign exchange trading.
5. The Company is obliged to make payments to the Master on the basis of a monthly income and expense sheet in accordance with the procedure set out in Clause 10 hereof.
6. The Company has a right to request the Master to provide a full report on the course and results of his/her Junior Affiliate acquisition campaigns.
7. In the event that the Master fails to perform any obligations under the present Agreement, the Company has a right to exclude Junior Affiliates from his/her affiliate group.
8. The Company has a right to inform Junior Affiliates of the affiliate group about commissions received by the Master from trading operations conducted by them on the international financial markets in accordance with the present Agreement.
9. In the event that the Master breaches or fails to perform any obligations under the present Agreement, the Company has a right to terminate the present Agreement at its sole discretion.
10. The Company has a right to perform other actions stipulated in the present Agreement and its Appendices.
11. The Company has a right to freeze your account and consequently close it if you do not have any activity within a period of 30 days since your account was last active

Partner's work principles and Junior Affiliate acquisition
1. The Master has a right to create a website relevant to the Company's activities containing information about international financial markets and providing brokerage, dealer and investment services with regard to Clause 3 hereof.
2. A Junior Affiliate is registered and referred to the affiliate group by either of the following methods:
  1. A Junior Affiliate clicks on an affiliate link to the Company’s official website.
  2. A Junior Affiliate enters an affiliate code in the trading account registration form.
  3. The Master submits a Junior Affiliate identification form signed by a Junior Affiliate to the Company.
3. A Junior Affiliate may choose to decline the Partner’s services and opt for being serviced by the Company.
4. With a view to prevent unfair competition, it is prohibited to move Junior Affiliates from one affiliate group to another, as well as to move present Junior Affiliates to affiliate groups. This Clause of the present Agreement is to be also observed by present Junior Affiliates opening new accounts with the Company with an aim to move them to affiliate groups. Note: A Junior Affiliate may apply to the Company with explanations why he was moved to another affiliate group. The Company shall consider and deliver a decision on each application individually.
5. The Master shall not be entitled to receive affiliate commissions from his own accounts and those owned by his close relatives if the Master is an individual; as well as from the private accounts of founders or accounts of their close relatives if the Master is a legal entity.
6. The Master is prohibited from using unfair methods of attracting the Junior Affiliates including but not limited to using any forms of forced redirecting of users to the websites of the Company and registering them in the affiliate group.

Dispute resolution
1. The Master has a right to submit a claim with the Company within 5 working days of the date upon which the Master became aware of any event or occurrence alleged to cause such a claim.
2. Any claim by the Master against the Company shall be either written on paper and sent to the Company by post or emailed to one of the Company’s official email addresses specified on the Company’s website. Claims made in any other way (forum, telephone etc.) shall not be taken into consideration. dealer@superforex.com. Details of the claim can not be disclosed to the Master until the investigation.
3. Each claim must contain the first and second name of the Partner/Partner’s company name; a description of the disputable situation; other dispute details that might contribute to the conflict’s resolution. The claim must not contain an emotional evaluation of the disputable situation, verbal abuse of the Company, or expletives.
4. The Company has a right to request a Junior Affiliate/the Master to provide any information necessary for the dispute’s resolution.
5. The Company, in the event that the Partner's claim justified, satisfies the complaint solely on the accrual of financial trading account Master within one working day.
6. In case of claims that are not mentioned in this Agreement, the Company considers them relying on generally accepted market practices and internal policy of the Company.
7. Partner claim must contain:
  1. Partner full Name;
  2. Trading account number;
  3. Date and time when the disputable situation occurred;
  4. The ticket of disputable order or trade;
  5. Description of a claim without emotional connotation.
8. The Company has a right to request a Customer/the Master to provide any information necessary for the dispute’s resolution.
9. The Company has a right to reject a claim if the provisions set out in Clauses 6.2, 6.3, 6.4, 7.2 and 7.3 have not been met.
10. The Company is obliged to examine the Partner’s claim, deliver a decision on the dispute with the shortest possible delay and email it to the Partner. The maximum period for dispute investigation allowed is 10 working days since the date the claim was filed.
11. Disputes concerning the interpretation or application of the present Agreement shall be settled by negotiation.
12. A dispute might be referred to arbitration under the dispute resolution procedure. A request for arbitration can be submitted in case the claim was not satisfied, or there was no response to the claim within the period specified in Clauses 6.5, 7.2 and 7.3 hereof.

Data exchange
1. The Company shall contact the Master via the following means of communication:
  1. email;
  2. fax
  3. phone;
  4. post office;
  5. announcement in the appropriate section of the Company’s website;
2. The Master may contact the Company using the means of communication listed in Clause 7.1 hereof.
3. Messages, documents, announcements, notifications, confirmations, reports etc. shall be deemed accepted by the opposite Party:
  1. 1 hour after sending a message by email;
  2. 1 hour after sending a message by the trading terminal’s internal mail;
  3. 1 hour after sending a message by fax;
  4. right after a telephone conversation was finished;
  5. 7 calendar days after sending documents by post;

Confidential information
1. The Master shall not be entitled to disclose information received from the Company during the cooperation and data the present Agreement contains throughout the period of validity of the present Agreement and within 5 years after its termination.
2. The Master shall not be entitled to divulge confidential information concerning the Company’s business and services to a rival third party.
3. The Parties shall ensure confidentiality of Customer personal and account data as well as details of trades conducted by Junior Affiliates.

Incomes and mutual settlements
1. The Company pays affiliate commissions to the Master in accordance with Appendix 1 of the present Agreement. Commissions shall not be more than 50% of the average equity value on all Junior Affiliate accounts in the affiliate group for a reporting month. The average equity value is calculated as a sum of equity values on all Junior Affiliate accounts at the beginning and at the end of each reporting month divided by 2.
2. When calculating commissions, the Company has a right not to take into consideration trades made by Junior Affiliates as a result of the trading platform faults and exclude Junior Affiliates responsible for such trades from the affiliate group.
3. Should orders on the account of a referred Junior Affiliate be detected violating SuperForex’s general regulations or the rules of the bonus system; should commissions be charged from allegedly fraudulent accounts; or should Junior Affiliates be found using strategies aimed at deriving profit from affiliate commissions and rebates to the detriment of the main trading (including but not limited to cases when this strategy is a part of the common strategy of a Junior Affiliate account and an affiliate account), the Company reserves the right to cancel the commissions from such accounts and exclude such Junior Affiliates from the affiliate group.
4. In case the registration data of the Master coincides, in part or in full, with registration data of a Junior Affiliate who belongs to the affiliate group, the Company reserves the right to regard this coincidence as a ground to apply Clauses 5.5 and 9.5 of the present Agreement to the affiliate account in full measure.
5. The Multi-level Partnership Program has main Master account and his 5-levels group.
6. The Company shall pay the Master commission for attraction of referrals. Conditions of the Master’s commission calculations are specified in the Appendix 1 to the Agreement.
7. The Multi-level Partnership Program implies that the Master IB and all Junior Affiliates can invite new referrals. The only exception is fifth-level Junior Affiliates.
8. The Multi-level Partnership Program implies that the Master receives commission for trading transactions made by all his own referrals and referrals brought in by his sub-affiliates from Level 5 inclusively (if there are any).Levels 1, 2, 3, 4, 5 get benefits from trades of its referrals and referrals who are attracted by the lower levels members.
9. Settlements between parties are made weekly (once a week).
10. In case the account of a Junior Affiliate belonging to the affiliate group and the affiliate account are found using the same IP address, the Company reserves the right to consider this coincidence as a ground to apply Clauses 5.5 and 9.5 of the present Agreement to the affiliate account in full measure.
11. In order to prevent dishonest attempts to obtain commissions from trades executed on the accounts of referred Junior Affiliates or the accounts registered under assumed names yet managed by the Partner, the Company reserves the right not to pay affiliate commissions from trades which yield a profit lesser than 3 pips.
12. The Company may regard cases of violation of Clauses 3.1 and 5.4 of the present Agreement by the Master as activity inconsistent with the affiliate program principles. Junior Affiliates attracted by violating any of the clauses of the present Agreement shall be excluded from the affiliate group, and commissions derived from their trades shall be cancelled in full.
13. Each month the Master has a right to request that the Company checks the number of Junior Affiliates referred and the number of Junior Affiliate accounts, as well as to review the results of their trading operations.
14. A commission is credited to the affiliate account immediately after a referred Junior Affiliate closes a trade. In case the accounts of the Master and a Junior Affiliate are based on different servers of the Company, an affiliate commission is credited the day after a Junior Affiliate closes a trade.
15. The Company reserves the right not to pay a commission from trades the margin of which proceeds from the bonus funds of the bonus program participants. This clause is applicable to commissions that have already been credited. Such bonus program participants may be excluded from the affiliate group.
16. In case a Junior Affiliate belonging to the affiliate group applied to the Company’s Dealing Department with a claim regarding an order from which the Master received a commission, the Company reserves the right to cancel the affiliate commission in full.
17. In case the profit from a trade made by a Junior Affiliate does not exceed 5 pips, the Company reserves the right to adjust the affiliate commissions the Master received from such trades.
18. Should the total amount of affiliate commissions obtained from any trading account exceeds 60% of the total deposit made by a Junior Affiliate to this account (for instance, if the total amount of affiliate commissions from a $1,000 Junior Affiliate account is more than $600), the Company reserves the right to adjust the total amount of affiliate commissions so that it is not more than 60% of the total deposit.
19. The Company pays commissions to the Master in accordance with Appendix 1 of the present Agreement.
20. The Parties undertake to calculate and pay their taxes and other third party fiscal duties independently.
21. Commission withdrawal shall be done within the term defined by the payment system, however, in the case of commission from referrals that were deposited via credit cards and some other payment systems, the term might be extended up to 45 calendar days from the last replenishment through this particular system with a further extension possible if required. The Company shall duly inform the Master of imposing such restrictions.

Final provisions
1. The present Agreement is enforced on the date when the last of the two Parties has duly signed it.
2. The present Agreement is valid for 12 months since the date signed by the Parties.
3. Should the conditions of the present Agreement be fulfilled, the Agreement shall be prolonged for an indefinite period of time.
4. The Company shall have the absolute discretion to amend and supplement any of the terms and conditions stipulated in the present Agreement and shall give 5 calendar days’ prior notice.
5. Either Party may terminate the present Agreement unilaterally by giving at least 5 calendar days’ prior notice to the other Party.
6. Either Party is entitled to apply to court seeking to terminate the present Agreement in case of a repeated breach of obligations by the other Party as well as other cases specified in the current legislation.
7. No amendment, supplement or appendix to this agreement shall be effective unless it is in writing and signed by the duly authorized representatives of the Parties within the time limit prescribed by these amendments, supplements and appendices. If the date of becoming effective is not specified, they shall enter into force on the date when signed by the Parties.
8. The present Agreement and its appendices are executed in two copies of which each Party shall retain one. Each copy shall be deemed equally authentic.

Appendix: Mutual settlements
1. The Company shall pay the Master affiliate commissions from all trades made by Junior Affiliates referred by the Partner, regardless of the fact whether Junior Affiliates gained any profit or not.
2. Affiliate commission amount
  1. The Company shall pay the Master a commission of 1.5-4.5 pips from each trade made on Forex major instruments.
  2. The Company shall pay the Master a commission of 1.3 pips from each trade made on CFDs.
  3. Company shall pay the Master a commission of $33 for each trade made on gold and silver.
  4. The Company shall pay the Master a commission equal to 40% of the fee charged by the Company from a trade on a given futures contract.
  5. The Company shall pay the Master a commission equal to 4% of each option value.
  6. The affiliate commission amount is specified for a 1 lot trade on Forex, CFDs and metals.
3. Any other payments are possible only if the Company and the Master agreed to it in a collateral arrangement.
4. Commission distribution in Multi-level Partnership Program:
  1. When Partner from 1st level makes a deal – Master will get 50% commission.
  2. When Partner from 2nd level makes a deal - Master will get 20% commission.
  3. When Partner from 3rd level makes a deal – Master will get 15% commission.
  4. When Partner from 4th level makes a deal – Master will get 10% commission.
  5. When Partner from 5th makes a deal – Master will get 5% commission.

Junior Affiliate agreement

General provisions

SuperForex Ltd. (hereinafter referred to as the Company) and an individual or entity, who accepted the Public Offer Agreement and filled in the registration form (hereinafter referred to as the Junior Affiliate), together referred to as the Parties, entered into the Public Offer Agreement (hereinafter referred to as the Agreement).

Definitions
1. Account history: A full list of all completed transactions and non-trading operations conducted on a live account.
2. Active account: The Junior Affiliate’s trading account, where quantity of the executed market lots (1 market lot equals 10 Superforex lots) for the accounting period exceeds 0.2% of the average equity denominated in USD. For a USD 1,000 account, the lot quantity is 2 market lots or 20 Superforex lots. For the opposite trades, only a half of the locked volume is counted as the quantity of executed lots.
3. Arbitrage: A trading strategy which uses "Arbitrage transactions".
4. Arbitrage transaction: An operation when an asset is bought on one market and at the same moment a matching asset is sold on a different market. This price difference is fixed on various exchange markets. The value of the portfolio remains almost unchanged regardless of the market movements (as the opposite trades offset each other). When the price difference changes to a positive side, the opposite arbitrage transaction is conducted to fix the profit. An arbitrage transaction is also a transaction consisting of a buy operation with an instrument conducted on one market with no sell operation on another market on the condition that a considerable price gap between the quotes of these two markets appears at the moment of trade opening or closing.
5. Ask: The highest price in the pair at which the Junior Affiliate buys the currency.
6. Balance: The aggregate financial result of all completed transactions and non-trading operations of a trading account.
7. Base currency: The first currency quoted in a currency pair, which the Junior Affiliate can buy or sell at the price of the quote currency.
8. Bid: The smallest price in the quote of a currency pair exchange rate. The Junior Affiliate sells at bid price.
9. Bonus funds: The funds received by the Junior Affiliate within bonus programs and contests held by the Company.
10. Candlestick bar: An element of the chart, which includes open and close prices as well as maximum and minimum prices for a certain period (1 minute, 5 minutes, an hour, 24 hours, a week etc.).
11. Chart: A quote stream presented graphically. It shows the high of any bar/candlestick, which is the maximum Bid over a period; the low or minimum Bid; the close price or the last Bid of any bar/candlestick; and the open price or first Bid of any bar/candlestick.
12. Closed position: The result of the second part of a completed position.
13. Completed position: Consists of two opposite trading operations of equal volume (open and close position): buying followed by selling or selling followed by buying.
14. Contract for difference (CFD): A subject of a trading operation based on changes of an asset rate (i.e. the asset being the subject of the CFD), including stocks, futures, commodities, precious metals, stock index etc.
15. Contract specification: The main trading conditions (such as spread, lot size, minimum trade volume, trade volume increment, margin, lock margin etc.) for each instrument. *1
16. Currency pair: A subject of a trade operation, which is based on the price change of one currency versus another currency.
17. Junior Affiliate: A legal body or an individual who has accepted the present Agreement with the Company in order to conduct operations under the terms of margin trading.
18. Junior Affiliate log file: A file created by the trading platform, which records all requests and orders sent by the Junior Affiliate to the Dealer with a 1-second accuracy.
19. Junior Affiliate terminal: A MetaTrader 4.xx software product, which enables the Junior Affiliate to get information on financial market trades in the real time mode (quantity defined by the Company), perform technical analysis of the markets, conduct trades, set/change/cancel orders and receive messages from the Dealer and the Company. *2
20. Dealer:
  1. A company, which the Junior Affiliate entered into the Agreement with, which regulates the legislative base of conducting trade operations under the conditions of margin trading;
  2. An employee of this company who manages orders of the Junior Affiliate including their execution, stop out and margin calls;
21. Developer: MetaQuotes Software Corp. - the developer of the trading platform.
22. Disputable situation:
  1. A situation when the Junior Affiliate assumes that the Dealer has violated one or more clauses of the present Agreement as a result of its activity or inactivity.
  2. A situation when the Dealer assumes that the Junior Affiliate has violated one or more clauses of the present Agreement as a result of his activity or inactivity.
23. Equity: The current account balance calculated according to the formula: balance + floating profit - floating loss.
24. Expert advisor: A trading account management algorithm in the form of a program build in MetaQuotes Language 4. This program sends requests and orders to the server through the Junior Affiliate terminal.
25. Fast market: A condition of the market that is characterized by sudden currency rate changes during a short period of time and often followed by price gaps. Usually it occurs before and/or after one or a series of events:
  1. Publication of economic indicators of the G8 members (the eight leading industrial countries, i.e. the USA, Germany, Japan, France, the UK, Canada, Italy, Russia). It has a high degree of influence on the financial markets;
  2. Release of key interest rates made by central banks and their committees;
  3. Speeches or press conferences of central bank governors, finance ministers of the G8, presidents;
  4. Interventions of governments in the currency markets;
  5. Terrorist acts of a national (governmental) importance;
  6. Natural disasters that caused announcement of the state emergency (or of the analogical restrictive measures) within the affected territories;
  7. Outbreak of war or military actions;
  8. Political force major events such as resignations, appointments or inaugurations (including election results) of executive branch of governments;
  9. Other conditions that influence the dynamic of the currency rate.
26. Floating profit/loss: Unfixed profit/loss of an open trade at the current exchange rates.
27. Force majeure circumstances: Occurrences that could not have been foreseen or prevented such as:
  1. Natural disasters;
  2. Wars;
  3. Acts of terror;
  4. Government actions, actions of executive and legislative government authorities;
  5. Hacker attacks and other unlawful acts toward servers.
28. Free margin: The funds on a trading account that can be used for opening new trades. It calculated according to the formula: equity - margin.
29. Superforex website: The official website of Superforex at www.superforex.com.
30. Hedged margin: A guarantee cash cover required by the Company for opening and maintaining trades. For every instrument, it is indicated separately in contract specification
31. Initial margin: The required by the Dealer cash cover for opening a trade. For each instrument, the value is indicated in contract specification.
32. Instrument: A currency pair or CFD (contract for difference).
33. Leverage: The ratio of a margin used in a trade to the volume of the trade: 1:100, 1:200. Leverage 1:200 means that in order to open a trade, it is necessary to have a trading account with the equity 200 times less than the trade value.
34. Lock: Long and short positions of the same volume that were opened for the same instrument on the same trading account.
35. Lock margin: A cover amount required by the Dealer in order to open and maintain lock positions. For every instrument, it is indicated in contract specification.
36. Long: A buy operation with an instrument with a view to the rate increase. For currency pairs, it is purchasing the base currency for the quote currency.
37. Lot: A unit to measure the quantity of shares, commodities, and amount of base currency, which is used in a trading platform.
38. Lot size: The quantity of assets, commodities or amount of base currency per one lot defined in the contract specification.
39. Market open: The start of a trading sessions after weekend, holidays or after a time interval between trading sessions.
40. Margin: An amount of money required for maintaining open positions. It is indicated in the contract specification.
41. Margin Call: A state of the trading account when the Company has a right but not an obligation to close all open trades of the Junior Affiliate because of insufficient funds (free margin). Margin level, whereat "margin call" situation arises, is set forth in the present Agreement.
42. Margin Level: The ratio of equity to necessary margin (in per cent) calculated according to the formula: (equity/margin)*100%.
43. Margin trading: Trading with the use of leverage; a Junior Affiliate is able to open trades, the value of which is much higher than the personal funds of the Junior Affiliate.
44. Non-trading operation: The operation of replenishment of a trading account (or withdrawing money from the trading account) or the operation of allocating (returning) the credit.
45. Normal market conditions, Normal market: The condition of the market when:
  1. There are no significant breaks in delivery of quotes to the trading platform;
  2. There is no extreme volatility;
  3. There are no considerable price gaps.
46. Obvious error: opening/closing of the positions by the Dealer or executing any other orders of the Junior Affiliate at prices, which greatly differ from the price of the instrument in the quote stream at the moment of execution. Or some other activity or inactivity of the Dealer related to wrong evaluation of the market prices at a certain moment.
47. Opening gap: A situation when one of the following statements is true:
  1. Bid at the market open is higher than Ask at market close;
  2. Ask at market open is lower than Bid at market close.
48. Open position: The result of the first part of a completed position. When opening a position, the Junior Affiliate undertakes the following obligations:
  1. To conduct the second part of the completed position (buy/sell) of the same size;
  2. To maintain equity over 30% of the margin.
49. Order: A Junior Affiliate’s instruction to the Dealer to open/close a trade once the price reaches the order level.
50. Order level: The price indicated in the order.
51. Pending order: A Junior Affiliate’s instruction to the Dealer to open a trade once the price reaches the order level.
52. Pip: The smallest unit of a price for any foreign currency.
53. Price gap: Either of the following situations:
  1. The current Bid is higher than the prior Ask;
  2. The current Ask is lower than the prior Bid.
54. Price prior to non-market quote: A close price of a minute bar, prior to non-market minute bar quote.
55. Quote currency: The second currency in a currency pair symbol that is used by the Junior Affiliate for selling or buying the base currency.
56. Quote stream: The sequence of quotes for every trading instrument transmitted to the trading platform.
57. Quoting: The process of providing the streaming real-time currency quotes to the Junior Affiliate for conducting a trade.
58. Rate: pages/openAccount/regAgreementMlaJunior.li_141.
59. Real deposit: A difference between deposit and withdrawal amounts on the Junior Affiliate’s trading account for the reporting period.
60. Request: A Junior Affiliate’s instruction to the Company to receive a quote. The request is not an obligation to open a trade.
61. Server: A software product of MetaTrader Server 4.xx, which processes Junior Affiliate’s orders, transmits information about financial market trades in the real-time mode (the volume to be defined by the Company), records mutual obligations of the Junior Affiliate and the Dealer, and limits the Junior Affiliate and the Dealer according to the conditions and restrictions.
62. Server log file: A file created by the server, which records all requests and orders received by the Dealer from the Junior Affiliate, including the processing result, with 1-second accuracy.
63. Short position: A sell operation with an instrument with a view to the rate decline. With respect to currency pairs, it is selling the base currency for the quote currency.
64. Spike: A quote that meets the following conditions:
  1. It is within a considerable gap;
  2. It is within a short-term period when the price falls or jumps and returns to the initial level creating a gap;
  3. No high volatility prior to this price quote;
  4. No macroeconomic events and/or corporate news notably influencing the price. *3
65. Spread: The difference between Bid and Ask (in pips).
66. Stop loss: A type of order that minimize the loss when the trading instrument price moves to the negative territory. Its level is always below the current Bid price in long positions, and above the Ask price in short positions.
67. Stop out: Forced order to close a position generated by the server.
68. Streaming real-time quotes: The mechanism of providing the quote stream to the Junior Affiliate by the Dealer in the real-time mode, using which the Junior Affiliate is able to send an order to the Dealer to conduct a trade at any moment.
69. Swap: A payment taken from a trading account or credited to a trading account by the Dealer for keeping an open position overnight. Swap values are available in contract specification.
70. Take profit: A type of order that fixes the profit when the trading instrument price reaches a certain level. Its level is always above the current Bid price in long positions, and below the Ask price in short positions.
71. Ticket: A unique identification number assigned to a position or a pending order in the trading platform.
72. Trade size: The quantity of lots multiplied by the lot size.
73. Trade volume: The volume of a trading operation in Superforex lot.
74. Trailing Stop: The stop loss (SL) order management algorithm:
  1. If a floating profit of an open position does not exceed the trailing stop level, the server shall not take any actions;
  2. As soon as the profit of an open position exceeds the trailing stop level, the server shall move the SL order to maintain the trailing stop at a set distance from the current price;
  3. As soon as the interval between the SL order and the current price exceeds the trailing stop value, the server shall change the SL order level so that the distance between the SL order and the current price equals the trailing stop value. *4
75. Trailing stop value: The value of trailing stop set by the Junior Affiliate.
76. Trading account: A unique personalized log of all operations executed through the trading platform, where completed transactions, open positions, non-market operations, and orders are recorded.
77. Trading operation, Trade: An operation of buying/selling of an instrument carried out by the Junior Affiliate.
78. Trading platform: A set of software and technical facilities that enables the Dealer to receive the information on trades in the real-time mode, conduct trading operations, observe mutual obligations of the Junior Affiliate and the Dealer, and enforce observing conditions and restrictions. *5
79. Trading platform time: The time zone, according to which the time of the actions is recorded in the server log file. At present it is GMT+3
  1. At wording the present Agreement, the information was available at http://www.fx.co/specifications.
  2. It is available at http://www.fx.co/downloads/itc4setup.exe.
  3. Superforex reserves the right to delete the information about spike from the quote database.
  4. Trailing Stop works only when the Junior Affiliate terminal is run on the Junior Affiliate’s computer, connected to the Internet and successfully authorized on the server.
  5. In a simplified form for the present Agreement, it is considered to be containing only the “Server” and the “Junior Affiliate terminal”.
80. The Company has a right to freeze your account and consequently close it if you do not have any activity within a period of 30 days since your account was last active.

Company’s services
1. Definition of the Company‘s services:
  1. The Company’s services are all interactive programs or services offered by the Company, which make it possible for the Junior Affiliate to:
    1. Trade on the financial markets through the Company’s trading platform by transmitting electronic data from the Junior Affiliate to the Company using a personal computer connected by modem or any other device to the file transfer network assigned by the Company;
  2. The Company’s services include the information software set "MetaTrader 4.0", the means of technical analysis and services of the third-party information providers offered along with the services of the Company.
  3. >The Junior Affiliate acknowledges that the Company is entitled to change, add, rename or leave unaltered its services offered under the terms of the present Agreement without any prior notice. The Junior Affiliate also acknowledges that the Agreement is applicable to services, which can be changed, added or renamed in future in addition to the services that are currently provided to the Junior Affiliate.
  4. The Junior Affiliate agrees that the Company merely executes the Junior Affiliate’s orders without providing trust management or recommendations. The Company executes the Junior Affiliate’s requests or orders regardless of a trade character, even if it is harmful for the Junior Affiliate.
  5. In some cases described in the present Agreement, the Company is not obliged to:
    1. Monitor and notify the Junior Affiliate about the trade status;
    2. Close a Junior Affiliate’s open position;
    3. Make attempts to execute the Junior Affiliate’s order using the quotes, which differ from the quotes displayed in the MetaTrader 4.0 trading platform.
  6. The Company’s services shall not include the provision of recommendations and information to motivate the Junior Affiliate to conduct operations. In some cases, the Company is entitled to give information, recommendations and piece of advice to the Junior Affiliate but it bears no responsibility for the result and effectiveness of this information. The Company is entitled to cancel or close any Junior Affiliate’s position under the conditions set forth in the present Agreement. All trades conducted by the Junior Affiliate as a result of error information or a mistake are to be upheld by the Parties.

Basic principles
1. Processing Junior Affiliate’s orders:
  1. The Junior Affiliate’s requests and orders are processed according to the following scheme:
    1. The Junior Affiliate makes a request or an order through the Junior Affiliate terminal, which checks them for errors;
    2. The Junior Affiliate terminal sends the request or order to the server;
    3. The server receives the Junior Affiliate’s order and checks it for errors;
    4. Once the Junior Affiliate’s request or order is processed, the server sends the result back to the Junior Affiliate terminal;
    5. Provided that there is seamless connection between the Junior Affiliate terminal and the server, the Junior Affiliate terminal receives the result of the request or order execution from the server.
  2. The Junior Affiliate is entitled to make an attempt to cancel the request (which is queued), but the Company does not guarantee the success of this attempt.
  3. The time required to execute a request or an order depends on the quality of connection between the Junior Affiliate terminal and the Company’s server as well as on the market conditions. Under the normal market conditions, it usually takes about 1-5 seconds to process a request or an order. Amid the abnormal market conditions, the processing time can be extended up to 10-15 seconds.
  4. The Company’s server can decline the Junior Affiliate’s order if:
    1. There is “Off quotes” message at market open, and the Junior Affiliate makes a request before the first quote is transmitted to the trading platform;
    2. There is not enough funds on the Junior Affiliate’s trading account to open a new position;
    3. The market conditions are abnormal.
  5. The Junior Affiliate terminal is the main tool for the Junior Affiliate to send requests or orders to the Company. The Junior Affiliate is entitled to make a request or an order through an operator only if the Junior Affiliate terminal is out of service.
2. Trading operations:
  1. The list of instruments available for trading in instant execution mode is provided on the Trading conditions page of the Superforex.
3. Minimum trade volume:
  1. For the trading accounts of Standard and NoSwap types with the balance and/or equity in amount of USD100,000 (one hundred thousand USD) or equivalent in other currency, the Company is entitled to limit the minimum trade volume to 1 Superforex lot (or USD1 per pip). For accounts of USD10,000 (ten thousand USD) or equivalent in other currency, the Company is entitled to limit the minimum trade volume to 0.1 Superforex lot (or USD0.10 per 1 pip). For trading accounts with the balance of over USD10,000 and over USD100,000, the Company is entitled to set the minimum trade volume proportionate to the balance.
  2. If the total trade size of the Junior Affiliate’s open positions exceeds the following amounts in base currency, the Company is entitled to impose limitations on the maximum leverage:
    1. For the amounts over USD5,000,000 (five million US dollars) to 1:100;
    2. For the amounts over USD20,000,000 (twenty million US dollars) to 1:50.
4. Spreads:
  1. Upon normal market conditions, the Company deducts fixed spread, which is indicated in the contract specification.
5. Holding open position over midnight:
  1. If the Junior Affiliate holds open position over the midnight, the process of accruing or deducting the swap amount starts at 23:59:30. Information about swap is available at http://www.superforec.com/specifications . At Wednesday-Thursday night a triple swap is accrued or deducted from the Junior Affiliate’s trading account.
6. Amendments to trading conditions:
  1. The Company is entitled to change the margin requirements, spreads, the order executing mode and other trading conditions in correlation with the national and international holidays, and shall send 5-working day prior notice to the Junior Affiliate about the amendments. All changes are applicable to open trades and new positions.
7. Closing CFD positions:
  1. The Company is entitled to close open CFD position at the last quote at market close if such position is open on the day (or on the next day) when the financial statistics of the CFD issuing company or any other information or event, which has a great impact on the stock rates, is released.
8. Opening positions:
  1. To open a position, the Junior Affiliate shall send an order through the Junior Affiliate terminal to the Company’s server. The following order parameters are obligatory:
    1. Instrument;
    2. Trade volume.
  2. SF website
9. The Company shall notify the Junior Affiliate 7 days prior to changing the list of the trading instrument.
  1. To open a Buy/Sell position, the Junior Affiliate shall send an order through the Junior Affiliate terminal.
    
    To open a Buy position, the Junior Affiliate shall click “Buy” in the order window of the Junior Affiliate terminal, whereat the order is sent to the server.
    
    To open a Sell position, the Junior Affiliate shall click “Sell” in the order window of the Junior Affiliate terminal, whereat the order is sent to the server.
10. Executing Junior Affiliate’s orders to open a position.
  1. If the amount of free margin is enough, the Company shall execute the order of the Junior Affiliate to open a position. The free margin amount is re-calculated automatically.
  2. If the price changes when the server is executing the Junior Affiliate’s order, it shall offer a new Bid/Ask price. The Junior Affiliate will see the “Requote” window with new prices in the Junior Affiliate terminal. If the Junior Affiliate agrees to open a trade at the new price, he shall click “Ok” within 3 seconds.
  3. The Junior Affiliate’s order to open a position is deemed to be executed and the position is deemed to be opened when the corresponding server log file is updated with a new record. Each new position shall receive a sequential ticket number.
11. Closing a position.
  1. To close a position through the Junior Affiliate terminal, the Junior Affiliate shall indicate the following parameters:
    1. The ticket of the position to be closed;
    2. Trade volume
  2. To close a position, the Junior Affiliate shall click the icon “Close” in the Junior Affiliate terminal.
12. Execution of the Junior Affiliate’s order to close a position.
  1. If the price changes when the server is executing the Junior Affiliate’s order, it shall offer a new Bid/Ask price. The Junior Affiliate will see the “Requote” window with new prices in the Junior Affiliate terminal. If the Junior Affiliate agrees to open a trade at the new price, he shall click “Ok” within 3 seconds.
  2. The Junior Affiliate’s order to close a position is deemed to be completed, and the position is deemed to be closed when a corresponding server log file is updated with a new record.
13. Description of orders available in the trading platform.
  1. Types of orders:
    1. "Buy Stop" is a buy position opened at a higher price than the current one at making the order;
    2. "Sell Stop" is a sell position opened at a lower price than the current one at making the order;
    3. "Buy Limit" is a buy position opened at a lower price than the current one at making the order;
    4. "Sell Limit" is a sell position opened at a higher price than the current one at making the order.
  2. The Junior Affiliate is entitled to use the following orders to close a position:
    1. "Stop Loss" order closes a position at a price less profitable for the Junior Affiliate compared to the current price at making the order;
    2. "Take Profit" order closes a position at a price more profitable for the Junior Affiliate compared to the price at making the order.
  3. The Junior Affiliate is entitled to change and remove any pending order before it is activated.
14. Execution of orders.
  1. An order shall be queued for execution in the following cases:
    1. Sell Stop order is queued for execution when the Bid price in the quote stream is lower or at the order level;
    2. Buy Stop order is queued for execution when the Ask price in the quote stream hits or exceeds the order level;
    3. Sell Limit order is queued for execution when the Bid price in the quote stream hits or exceeds the order level;
    4. Buy Limit order is queued for execution when the Ask price in the quote stream is lower or at the order level;
    5. Take Profit order for open buy position is queued for execution when the Bid price in the quote stream exceeds or hits the order level;
    6. Stop Loss order for open buy position is queued for execution when the Bid price in the quote stream drops below or equals the order level;
    7. Take Profit order for open sell position is queued for execution when the Ask price in the quote stream drops below or equals the order level;
    8. Stop Loss order for open sell position is queued for execution when the Ask price in the quote stream exceeds or hits the order level.
  2. In case of a price gap, the orders shall be executed according to the following rules:
    1. Pending order, the open level and Take Profit of which is in a price gap, are canceled with a comment [canceled/gap];
    2. Stop Loss order, the level of which is within a price gap, is executed with the comment [sl/gap] at the first received price following the gap;
    3. Buy Stop and Sell Stop pending orders are executed with the comment [started/gap] at the first price following a price gap;
    4. Buy Limit and Sell Limit pending orders are executed with the comment [started/gap] at the order price;
    5. instrument.
  3. If the server receives a pending order and the amount of free margin is not enough for execution, the server deletes the order from the queue with the comment “deleted [no money]".
15. Order submitting terms, validity, and parameters.
  1. The Junior Affiliate may submit, remove or change an order only if trading of an instrument is allowed. The trading hours for each instrument are available at SF website
  2. Submitting a pending order, the Junior Affiliate shall provide the following information:
    1. instrument;
    2. trade volume;
    3. order type (Buy Stop, Sell Stop, Buy Limit, Sell Limit);
    4. price level for the order;
  3. When the server receives a pending order, it checks the trading account for free margin to accept the order. Then the server adds the new position to the list of open positions and recalculates the aggregate Junior Affiliate’s position and free margin.
  4. Under normal market conditions, the server executes an order at the set price without slippage.
  5. An order is deemed to be executed once it has been recorded in the server log file.
  6. The Junior Affiliate agrees to undergo a supplementary expert examination of the trading account if it has been detected that the trading methods of the Junior Affiliate include opening and closing/opening lock positions with a less than 15-minute interval. According to the results of the supplementary examination, the Company is entitled to correct the result of the Junior Affiliate’s trading operations total profit of such orders.
16. Forced close of positions.
  1. When the margin level of the Junior Affiliate’s account is less than 30%, the margin call sounds. The Company has the right but not the obligation to close the Junior Affiliate’s position. It is at the Dealer’s discretion whether to close the position or not.
  2. The Company is entitled to close the Junior Affiliate’s position without prior notice if equity of the trading account is less than 10% of the margin necessary to maintain an open position.
  3. The server controls the Junior Affiliate’s account equity. If the trading account becomes compliant with the Clause 3.16.2 herein, the server shall generate a forced position closing order (stop out). Stop out is executed at the market price in queue with other orders of the Junior Affiliates. Forced close of a position is recorded in the server log file as "stop out".
  4. If the trading account becomes compliant with the Clause 3.16.2 herein and has several open positions, the position with the largest floating loss shall be closed first.
  5. Under the normal market conditions, after the last open position on the Junior Affiliate’s trading account is closed, the Company shall provide the balance and equity in amount equaling the range from 0% to 10% of the margin required to maintain this last forcibly closed position. The Company is entitled to restore a negative balance on one of the Junior Affiliate’s accounts at the expense of the funds available on the other Junior Affiliate’s trading account (as a rule, it happens in the cases described in the Clause 5.9. herein).
  6. When forcibly closing a position, the server may delay the execution of stop out order. This delay can be the reason of closing a position at a more favorable price than the price at the moment of queuing the stop order for execution. The account status at the moment of the position closing by stop out order is recorded in the comment to the order. It includes the rate of free margin, account balance and margin level. Close of a position at the price, which is more favorable for the Junior Affiliate than the stop out level, shall not be the reason for claim on the part of the Junior Affiliate. Close of a position at the price, which is less favorable for a Junior Affiliate than stop out level, is deemed the reason for claim on the part of the Junior Affiliate.
  7. By accepting the present Agreement, the Parties agree that the market working time - from 00:00 Monday to 23:59 Friday - is shifted twice a year due to the USA switching to day-light saving time and vice versa on the second Sunday of March and the first Sunday of November, correspondingly.
  8. The maximum number of open positions is unlimited. Yet, the Company is entitled to restrict the number of orders being opened.
  9. In extreme cases short-term queues lasting less than 180 seconds can be cancelled if they are found to be abusive.

Money deposit/withdrawal
1. Withdrawal of money from a Junior Affiliate’s trading account.
  1. The Junior Affiliate shall withdraw the money from the trading account through the payment systems available in My account section of the Superforex website.
  2. The Junior Affiliate is entitled to withdraw money deposited through an electronic payment system through the international wire transfer to the bank account opened in the name of the Junior Affiliate only if agreed by the Company.
  3. The Junior Affiliate shall request the withdrawal of money deposited through an electronic payment system to the same payment system with the same account details (currency, account number). If the Junior Affiliate used several payment systems, several wallets and different currencies, the Junior Affiliate shall make the withdrawal request on the proportional basis.
  4. If the Junior Affiliate changed the details within the payment system, he shall notify the Company by sending a filled-in F1 form with ID copy attached to the Finance Department of the Company. Otherwise, the Company is entitled to decline the Junior Affiliate’s withdrawal request.
  5. The Company processes the withdrawal requests within the period, which varies for every payment system; however, in some cases the Company is entitled to extend the withdrawal processing time up to 5 working days, except for the cases described in the Clause 9.1.5 herein.
  6. If the Junior Affiliate requests the withdrawal to the payment system different from the one used for depositing money, the Company is entitled to charge the Junior Affiliate extra fees for the exchange service.
2. The Junior Affiliate is entitled to fund the trading account through any method listed on the Company's website.
  1. The Junior Affiliate acknowledges that in case of software malfunction, depositing of money to the trading account can be delayed.
  2. The Company shall credit the deposited amount to the Junior Affiliate’s trading account in case of software malfunction that caused a delay in automatic deposit processing provided that the Junior Affiliate informs about the delay.
3. Interest rate for funds unused in trading.
  1. Active accounts of all types are subject to a 5% annual interest accrued on the amount unused in trading. The amount of the interest is calculated on the basis of the average amount of free margin on the Junior Affiliate’s trading account for a month and credited at the end of the month. (The 5% interest rate is applicable only to active accounts.).
  2. In case the Junior Affiliate violates the terms or conditions of the present agreement, the Company is entitled not to pay the interest and to cancel the interest accrued earlier.
  3. Accrual of the interest on unused funds is a promotional campaign of the Company aimed at stimulating activity of the Junior Affiliates. The Junior Affiliate acknowledges that the Company is not a bank and the accrued interest is not a bank interest. In case of weak trade activity of the Junior Affiliate, the Company is entitled to lower the interest rate for the Junior Affiliate. The trade activity is deemed weak if the total volume of closed trades in the Junior Affiliate’s trading account does not exceed the quantity of market lots equivalent to 0.1% of the average free margin denominated in USD. For a USD1,000 account, such volume is 1 market lot or 10 Superforex lots. The Company is entitled to cancel the interest in case of detecting the improper use of the campaign including but not limited to cases when a trading account is not used for trading operations during a long period.
4. Fees charged for depositing/withdrawal.
  1. When processing the deposit request, the Company covers full or partial amount of fees charged by a payment system. In case the Company detects the abusive use of this service, it is entitled to deduct the fees from the Junior Affiliate’s trading account.

Dispute resolution
1. The Junior Affiliate is entitled to file a claim to the Company in case of a disputable situation. The claim is accepted within two working days from the date when the problem occurred.
2. The claim shall be emailed to dealer@superforex.com The claim is not subject to revelation by the claimant until the investigation is completed.
  
  The claims submitted in other ways shall not be reviewed.
3. The Company shall process the Junior Affiliate’s claim within 10 working days.
  
  If the Junior Affiliate’s claim is considered fair, the Company shall fulfil the demand by crediting the necessary amount to the Junior Affiliate’s trading account within one working day.
  
  The Company shall follow the generally accepted market practices and internal policy for the claims not mentioned in the present Agreement.
4. The Junior Affiliate’s claim shall include:
  1. Full name;
  2. Trading account number;
  3. Date and time when the disputable situation occurred;
  4. The ticket of disputable order or trade;
  5. Description of a claim without emotional connotation.
5. The Company is entitled to dismiss a claim if:
  1. The claim does not comply with the Clauses 5.1, 5.2, 5.4.;
  2. The claim contains obscene/rude words or/and insults to the Company or its officials;
  3. The claim contains threats to the Company or its officials;
  4. The Junior Affiliate threatens to stain the reputation of the Company using social networks and other community resources.
6. The Company is entitled to correct the result of the Junior Affiliate’s trades in case a server error caused quotes delay, spikes and other negative consequences for the Company, and could not been hedged by the Company’s contractors.
7. When the price change related to the difference between the market close price and market open price for an instrument or to the news release causes profit over 10% of the initial deposit, the Company is entitled to correct the financial result of such trade by amount proportionate to the difference between the abovementioned prices in pips. Such correction is processed by means of deducting the amount with the comment "Clause 5.7. correction". In certain cases it is at the Company’s discretion to set the minimum profit change below a 10% level (of the initial deposit).
8. If the positions are fully locked by any locking system including triple lock and the sum of swaps has a positive value, the Company is entitled to correct the swap.
9. The Junior Affiliate is prohibited to use such trading strategies when the profit is made from intentional creation of the situations when one of the Junior Affiliate’s account or accounts of a group of the Junior Affiliates turn to negative balance, including the situation when the trading accounts are opened under the different names invariably being the part of one trading strategy. In case the Company detects application of such trading strategy, it is entitled to apply the Clause3.16.5. herein.
10. If the volume of the positions that remain open at the market close implies the change of the total profit by over 0.5% of the deposit if the price changes by 1 pip (over 5 Superforex lots for every USD1,000 of the deposit), the Company is entitled to correct the financial result of such trades in case the market opens with a gap. The amount of correction shall be proportionate to the size of the gap in pips.
11. The Company executes its affirmative decision on a claim for reopening of a position according to the following scheme: in case there is a considerable time or price gap between the moment of mistaken close of a position and its reopening, the Company reopens it at an average price within a range between the mistaken close of the position and making a decision on its reopening or at an average price that was within an hour from the moment of mistaken close of the position. Reopening of a position means opening of a new position of the same volume as the one closed mistakenly. This scheme is fully applicable to the compensation of mistakenly closed positions.
12. The Company shall review any trade of the Junior Affiliate executed at non-market quote (spike) after the detection of such trade.
13. The Company is entitled to cancel the result of a trade if the Company detects that the money used to execute a trade has been acquired in violation of provisions of any Company’s agreement accepted by the Junior Affiliate, including the present Agreement.
14. The Junior Affiliate is prohibited from using strategies of trading which are based on technical imperfections in the trading platform or delays in quotes during periods of high volatility on the market. The Company reserves the rights to reconsider and cancel the results of such trades.
15. The Company is also entitled to correct or cancel results of the Junior Affiliate’s trades in case of detection of any other fraudulent, deceitful, dishonest, devious trading activity and any kinds of abusing such as constant or simultaneous using of double and triple locking of trading orders, hedging, scalping, etc.
16. Trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices (commonly known as “sniping”) are prohibited.
17. The use of the same IP address by different Junior Affiliates can be a reason to consider all orders in all accounts sharing this IP address as though they were performed by the same Junior Affiliate.
18. If the total amount of all swaps exceeds USD 5,000, the Company is entitled to correct it to USD 5,000 in certain cases.
19. The amount of compensation paid to the Junior Affiliate for the consequences of malfunction shall not exceed USD 500,000.
20. The Server Log File is the most reliable source of information in case of any Dispute and it has absolute priority over any other forms of documentation, including the Junior Affiliate Terminal Log File since the Junior Affiliate Terminal Log File does not register every stage of the Junior Affiliate’s orders in great detail.
21. In regard to all Disputes any references by the Junior Affiliate to quotes provided by other companies or information systems cannot be taken into account
22. The Junior Affiliate acknowledges that he/she will be unable to manage any position that is being currently Disputed
23. The Company reserves the right to cancel deals that have been executed with excessive reliance on martingale strategies of trading, as well as its derivatives and variations
24. If the Junior Affiliate is not satisfied with the result of the Company’s review of a disputed situation, the Junior Affiliate may appeal to the relevant authorities in Belize, in compliance with the Belizean law

Identification and verification of the Junior Affiliate
1. The Company is entitled to request the Junior Affiliate to verify his personal information. At any moment the Junior Affiliate can receive a request from the Company to submit a scanned copy of his passport/ ID or a certified copy of his passport/ ID, which is at the Company's discretion.
2. In case the Junior Affiliate has not received the request for providing the scanned copy of his passport/ ID, the verification procedure of the trading account is deemed optional, though the Junior Affiliate may voluntarily send the copy of his passport or any other document which identifies his personality to the Company.
3. If any of the Junior Affiliate’s data (such as full name, address or telephone) changes, the Junior Affiliate shall inform the Company and send a request to change the information.
4. The Junior Affiliate agrees that the personal information indicated at registration of a trading account can be used by the Company within the AML (against money-laundering) policy.
5. The Junior Affiliate is responsible for authenticity of the provided personal documents or their copies and admits the right of the Company, if their originality is doubted, to apply to the law-enforcement authorities of the document-issuing country for validation. In case the Company detects the forgery of a document, it is entitled to bring the Junior Affiliate to responsibility in accordance with the legislation of the document-issuing country.

Risks
1. Leverage effect.
  1. Conducting trades under the conditions of "Margin Trading", the Junior Affiliate acknowledges that a minor change of the instrument price can have an imposing impact on the Junior Affiliate’s trading account balance due to the leverage effect. In case the market moves against the Junior Affiliate’s position, the latter can suffer losses in the amount of the initial deposit and other additional funds deposited by the Junior Affiliate in order to keep the positions open. The Junior Affiliate acknowledges being fully responsible for considering all risks, using funds and choosing the corresponding trading strategy.
  2. The Company recommends that the Junior Affiliate maintains the Margin Level above 1000% and always set Stop Loss orders to limit possible losses.
2. Leverage Adjustment.
  1. The Company reserves the right to change the leverage without prior notice to the Junior Affiliate.
3. High volatility.
  1. A lot of financial instruments are highly volatile, and the Junior Affiliate accepts the high risk of trading such instruments.
4. Technical risks.
  1. The Junior Affiliate accepts the risks of financial losses caused by malfunctioning of information, communication, electric and other systems involved.
  2. Conducting trading operations through the Junior Affiliate terminal, the Junior Affiliate accepts the risks of financial losses caused by the following reasons:
    1. Hardware and software errors or slow Internet connection on the Junior Affiliate’s side;
    2. Improper functioning of the Junior Affiliate’s equipment;
    3. Wrong settings of the Junior Affiliate terminal;
    4. Use of outdated Junior Affiliate terminal;
    5. Ignoring the instructions provided in the "Junior Affiliate Terminal User Guide" and in the "FAQ: Frequently Asked Questions” section.
  3. The Junior Affiliate acknowledges that the possibility of reaching an operator to conduct a trading operation on the telephone is weaker during the peak hours. The situation can occur during fast market period (for example, when key news is released).
5. Abnormal market conditions.
  1. The Junior Affiliate acknowledges that under abnormal market conditions the processing time of the Junior Affiliate’s order can be extended.
6. Trading platform.
  1. The Junior Affiliate acknowledges that only one request/order can be queued for execution by the server. The attempt to send any new order or request shall be declined with the order window displaying the message "Trade context is busy".
  2. The Junior Affiliate acknowledges that the only reliable source of the quote stream is the main server servicing the Junior Affiliates. The quotes databases in the Junior Affiliate terminal shall not be deemed to be a credible source of the quote stream, as in case of unstable connection between the Junior Affiliate terminal and the server, some quotes can be lost on the way to the Junior Affiliate terminal.
  3. The Junior Affiliate acknowledges that shutdown of the window of placing/ modifying / cancelling an order and shutdown of the window of position closing or opening does not cancel the request or order, which has already been sent to the Dealer for execution.
  4. The Junior Affiliate accepts the risks of unplanned trading operations conducted when the Junior Affiliate resends an order before he receives the result of execution of the previous order from the Dealer.
  5. The Junior Affiliate acknowledges that the request for simultaneous modification of the pending order level and Stop Loss and/or Take Profit orders, if the pending order has been executed, will modify only Stop Loss and/or Take Profit orders.
  6. The Junior Affiliate agrees that the frequency of sending trading orders from his/her terminal to the Company's server must not create an overload which would hinder the execution of otherJunior Affiliates' orders.
  7. The Company is entitled to stop processing the Junior Affiliate's orders in case of flagrant and repeated violation of article 7.5.6 by the Junior Affiliate.
7. Communication.
  1. The Junior Affiliate accepts the risk of financial losses caused by late receipt or a failure to receive the server or Dealer’s message.
  2. The Junior Affiliate acknowledges that information sent by email is not protected from unauthorized access.
  3. The Junior Affiliate acknowledges the Dealer’s right to delete the messages, which were not received by the Junior Affiliate through the internal Junior Affiliate terminal mail within three calendar days since the message was sent.
  4. The Junior Affiliate bears responsibility for confidentiality of the received information from the Dealer and accepts the risks of financial losses caused by unauthorized access of third parties to the Junior Affiliate’s trading account.
8. The risks related to third party activity involved in the relationships between the Company and the Junior Affiliate.
  1. The Junior Affiliate accepts the risks related to disestablishment of a payment system. If an electronic payment system ceased to exist, the Company deducts the funds from the Junior Affiliate’s account in the amount that was deposited through the payment system.
  2. The Junior Affiliate accepts risks related to indicating wrong details for bank wire transfer and acknowledges that this mistake can be the reason of refund, charging additional fees, and accepts other risks related to refund and resubmission of the wire transfer.
  3. The Junior Affiliate accepts the risks related to unauthorized use of the Junior Affiliate’s access data to the payment system and bank card information by the third party that receives such information as a result of the Junior Affiliate’s carelessness.
  4. If the Junior Affiliate is using a VPS server service, they bare full responsibility for any financial loss risks and trading operations executed on their accounts. The Company is not liable for any informative, communicative, electrical and other types of failure of the VPS server used by the Junior Affiliate.

Communication with the Junior Affiliate
1. To contact the Junior Affiliate, the Company can use:
  1. trading platform internal mail;
  2. email;
  3. fax;
  4. telephone;
  5. postal service.
2. A message (including documents, announcements, notifications, confirmations, reports etc.) is deemed received by the Junior Affiliate:
  1. One hour after it is sent by email;
  2. Immediately after it is sent by the trading platform internal mail;
  3. Immediately after it is faxed;
  4. Immediately after the phone call is finished;
  5. 7 calendar days after it is sent by postal service.
3. The Junior Affiliate receives a daily email with a report on all operations conducted on the trading account within the past 24 hours.

The Company and the Junior Affiliate undertake obligations to attract Customers who would carry out trading operations with the instruments the Company offers
1. The Junior Affiliate undertakes rights and obligations described in this Agreement with regard to the attraction of Customers for entering into brokerage service contracts with the Company.
2. The Junior Affiliate also undertakes other rights and obligations hereinafter set forth. Honoring the commitments stipulated in the present Agreement, the Junior Affiliate attracts Customers for the Company on its behalf.
3. The Junior Affiliate unconditionally acknowledges that all Customers attracted are the Company’s Customers.

Relationship with Customers
1. The Junior Affiliate may provide advertising of the Company referring to the corresponding section of the Company’s website and information confirmed to be authentic by the Company to prospective Customers.
2. The Junior Affiliate warrants the authenticity and legal validity of all documents and contracts which the Junior Affiliate submits to the Company on behalf of a Customer.
3. The Junior Affiliate shall provide Customers with essential reliable information relevant to entering into brokerage service contracts with the Company and explanations regarding the content of the contracts and the Company’s services.
4. The Junior Affiliate is obliged to notify a Customer of any risks related to currency trading before the Client Agreement is signed.
5. Providing recommendations and information to motivate a Customer to trade is not part of the Company’s service plan. In exceptional cases, the Company has a right to provide information, recommendations and advice to a Customer at its discretion, however, the Company shall not bear responsibility for the consequences of such recommendations.
6. The Junior Affiliate shall refrain from giving a Customer recommendations or advice concerning trading operations on the trading account. In case the Junior Affiliate does not comply with this, the Company shall not bear responsibility for the consequences of the recommendations or advice provided.

Junior Affiliate 's rights and obligations
1. The Junior Affiliate is obliged to attract new Customers to enter into brokerage service agreements with the Company and operate on international financial markets under the Company's terms and conditions.
2. The Junior Affiliate is obliged to open an affiliate account with the Company in order to receive commissions.
3. The Junior Affiliate is obliged to be competent about the Company’s services and master general information about international financial markets.
4. The Junior Affiliate is obliged to study all the Company’s informational resources on his own and inform Customers about important changes in a timely manner.
5. The Junior Affiliate is obliged to provide Customers in their affiliate group with comprehensive information and legal support, as well as solve problems Customers may face while trading on foreign exchange markets.
6. The Junior Affiliate is obliged to answer all Customer inquiries about the services provided by the Company.
7. The Junior Affiliate is not entitled to enter into any sub-agency and other agreements (contracts) which give a right to delegate the The Junior Affiliate’s authority, in full or in part, to third parties under the present Agreement without prior written consent from the Company. The assignment of right of demand is only possible after obtaining the Company’s consent.
8. Should the Junior Affiliate be incapable of solving the problem of a Customer on his own, the Junior Affiliate is obliged to contact the Company’s specialists with all the details necessary to solve the problem (account numbers, order tickets, time of order, etc.).
9. The Junior Affiliate has a right to plan and implement marketing and advertising campaigns only if the Company approved said campaigns.
10. The Company reserves the right to cancel affiliate commissions without prior notice in case the Junior Affiliate was found to request the keyword "superforex" and its spelling variations, including conformable words in other languages, in such search engines as Google, Bing, Yahoo!, Yandex, etc. to attract new Customers. The exceptions are the soсial networks like Facebook, Twitter, Instagram and so on.
11. The Junior Affiliate has a right to replenish the affiliate account and withdraw funds from it in accordance with the Junior Affiliate Agreement.
12. As stated in the Junior Affiliate Agreement, the affiliate account is available as a private Junior Affiliate account, i.e. the Junior Affiliate has a right to carry out trading operations on the affiliate account. Due to rapid changes in the exchange rates of national currencies used by Junior Affiliates to replenish their trading accounts, the Company reserves the right to use an average of these exchange rates in settlements with masters.
13. In case of any problems related to business running and rendering the Company’s services, the Junior Affiliate shall contact the Company with details of a problem so that the Company can advise the Junior Affiliate on time on possible solutions.
14. The Junior Affiliate shall only be entitled to conduct trading operations on a Customer’s trading account with the written permission of the Customer.
15. The Junior Affiliate has a right to monitor the efficiency of promotional campaigns through custom affiliate codes and affiliate statistics provided by the Company.
16. The Junior Affiliate has a right to use promotional materials provided by the Company such as banners, widgets/informers, text links, landing pages, etc.
17. The Junior Affiliate has a right to use the design of the Company’s brand production for advertising.
18. The Junior Affiliate has a right to attract other masters and earn a commission on every trade of Customers they referred as part of our multi-tier program.
19. The Junior Affiliate is entitled to a free affiliate website with regularly updated content. The Junior Affiliate will be able to give it a domain name. The latter is to be approved by the Company in advance.

Company's rights and obligations
1. The Company is obliged to open trading accounts for Junior Affiliates referred by the Junior Affiliate in accordance with the Junior Affiliate Agreement.
2. The Company shall enable Customers to conduct trading operations in the system by providing Customers with login credentials (username and password).
3. The Company is obliged to maintain a comprehensive record of all operations made by Customers.
4. The Company shall provide the Junior Affiliate with information concerning the content of agreements signed as well as the terms and conditions of Customer participation in foreign exchange trading.
5. The Company is obliged to make payments to the Junior Affiliate on the basis of a monthly income and expense sheet in accordance with the procedure set out in Clause 10 hereof.
6. The Company has a right to request the Junior Affiliate to provide a full report on the course and results of his/her Customer acquisition campaigns.
7. In the event that the Junior Affiliate fails to perform any obligations under the present Agreement, the Company has a right to exclude Customers from his/her affiliate group.
8. The Company has a right to inform Customers of the affiliate group about commissions received by the Junior Affiliate from trading operations conducted by them on the international financial markets in accordance with the present Agreement.
9. In the event that the Junior Affiliate breaches or fails to perform any obligations under the present Agreement, the Company has a right to terminate the present Agreement at its sole discretion.
10. The Company has a right to perform other actions stipulated in the present Agreement and its Appendices.
11. The Company has a right to freeze your account and consequently close it if you do not have any activity within a period of 30 days since your account was last active.

Junior Affiliate's work principles and Customer acquisition
1. The Junior Affiliate has a right to create a website relevant to the Company's activities containing information about international financial markets and providing brokerage, dealer and investment services with regard to Clause 3 hereof.
2. A Junior Affiliate is registered and referred to the affiliate group by either of the following methods:
  1. A Customer clicks on an affiliate link to the Company’s official website
  2. A Customer enters an affiliate code in the trading account registration form
  3. The Junior Affiliate submits a Customer identification form signed by a Customer to the Company.
3. A Junior Affiliate may choose to decline the Partner’s services and opt for being serviced by the Company.
4. With a view to prevent unfair competition, it is prohibited to move Junior Affiliates from one affiliate group to another, as well as to move present Junior Affiliates to affiliate groups. This Clause of the present Agreement is to be also observed by present Junior Affiliates opening new accounts with the Company with an aim to move them to affiliate groups. Note: A Junior Affiliate may apply to the Company with explanations why he was moved to another affiliate group. The Company shall consider and deliver a decision on each application individually.
5. The Junior Affiliates shall not be entitled to receive affiliate commissions from his own accounts and those owned by his close relatives if the Master is an individual; as well as from the private accounts of founders or accounts of their close relatives if the Master is a legal entity.
6. The Junior Affiliates is prohibited from using unfair methods of attracting the Junior Affiliates including but not limited to using any forms of forced redirecting of users to the websites of the Company and registering them in the affiliate group.

Incomes and mutual settlements
1. The Company pays affiliate commissions to the Junior Affiliate in accordance with Appendix 1 of the present Agreement. Commissions shall not be more than 50% of the average equity value on all Junior Affiliate accounts in the affiliate group for a reporting month. The average equity value is calculated as a sum of equity values on all Junior Affiliate accounts at the beginning and at the end of each reporting month divided by 2.
2. When calculating commissions, the Company has a right not to take into consideration trades made by as a result of the trading platform faults and exclude Junior Affiliates responsible for such trades from the affiliate group.
3. Should orders on the account of a referred Junior Affiliate be detected violating SuperForex’s general regulations or the rules of the bonus system; should commissions be charged from allegedly fraudulent accounts; or should Junior Affiliates be found using strategies aimed at deriving profit from affiliate commissions and rebates to the detriment of the main trading (including but not limited to cases when this strategy is a part of the common strategy of a Junior Affiliate account and an affiliate account), the Company reserves the right to cancel the commissions from such accounts and exclude such Junior Affiliates from the affiliate group.
4. In case the registration data of the Master coincides, in part or in full, with registration data of a Junior Affiliate who belongs to the affiliate group, the Company reserves the right to regard this coincidence as a ground to apply Clauses 5.5 and 9.5 of the present Agreement to the affiliate account in full measure.
5. The Multi-level Partnership Program has main Master account and his 5-levels group.
6. The Company shall pay the Master commission for attraction of referrals. Conditions of the Master’s commission calculations are specified in the Appendix 1 to the Agreement.
7. The Multi-level Partnership Program implies that the Master IB and all Junior Affiliates can invite new referrals. The only exception is fifth-level Junior Affiliates.
8. The Multi-level Partnership Program implies that the Master receives commission for trading transactions made by all his own referrals and referrals brought in by his sub-affiliates from Level 5 inclusively (if there are any).Levels 1, 2, 3, 4, 5 get benefits from trades of its referrals and referrals who are attracted by the lower levels members.
9. Settlements between parties are made weekly (once a week).
10. In case the account of a Junior Affiliate belonging to the affiliate group and the affiliate account are found using the same IP address, the Company reserves the right to consider this coincidence as a ground to apply Clauses 5.5 and 9.5 of the present Agreement to the affiliate account in full measure.
11. In order to prevent dishonest attempts to obtain commissions from trades executed on the accounts of referred Junior Affiliates or the accounts registered under assumed names yet managed by the Junior Affiliate, the Company reserves the right not to pay affiliate commissions from trades which yield a profit lesser than 3 pips.
12. The Company may regard cases of violation of Clauses 3.1 and 5.4 of the present Agreement by the Junior Affiliate as activity inconsistent with the affiliate program principles. Junior Affiliates attracted by violating any of the clauses of the present Agreement shall be excluded from the affiliate group, and commissions derived from their trades shall be cancelled in full.
13. Each month the Junior Affiliate has a right to request that the Company checks the number of Junior Affiliates referred and the number of Junior Affiliate accounts, as well as to review the results of their trading operations.
14. A commission is credited to the affiliate account immediately after a referred Junior Affiliate closes a trade. In case the accounts of the Master and a Junior Affiliate are based on different servers of the Company, an affiliate commission is credited the day after a Junior Affiliate closes a trade.
15. The Company reserves the right not to pay a commission from trades the margin of which proceeds from the bonus funds of the bonus program participants. This clause is applicable to commissions that have already been credited. Such bonus program participants may be excluded from the affiliate group.
16. In case a Junior Affiliate belonging to the affiliate group applied to the Company’s Dealing Department with a claim regarding an order from which the Junior Affiliate received a commission, the Company reserves the right to cancel the affiliate commission in full.
17. In case the profit from a trade made by a Junior Affiliate does not exceed 5 pips, the Company reserves the right to adjust the affiliate commissions the Junior Affiliate received from such trades.
18. Should the total amount of affiliate commissions obtained from any trading account exceeds 60% of the total deposit made by a Junior Affiliate to this account (for instance, if the total amount of affiliate commissions from a $1,000 Junior Affiliate account is more than $600), the Company reserves the right to adjust the total amount of affiliate commissions so that it is not more than 60% of the total deposit.
19. The Company pays commissions to the Junior Affiliate in accordance with Appendix 1 of the present Agreement.
20. The Parties undertake to calculate and pay their taxes and other third party fiscal duties independently.
21. Commission withdrawal shall be done within the term defined by the payment system, however, in the case of commission from referrals that were deposited via credit cards and some other payment systems, the term might be extended up to 45 calendar days from the last replenishment through this particular system with a further extension possible if required. The Company shall duly inform the Junior Affiliate of imposing such restrictions.

Responsibility and liability
1. General provisions.
  1. The Junior Affiliate ensures that:
    1. The information in the trading account is true and pertains to the account holder;
    2. He is responsible for confidentiality of the username and passwords;
    3. He is responsible for actions that result from using username and passwords;
    4. He is responsible for all actions including operations on the financial markets;
    5. He agrees to the right of the Company to record conversations with the Junior Affiliate with the purpose of their proof.
  2. The Company ensures that the personal information of the Junior Affiliate is confidential. In case of its disclosure, the dispute situational shall be resolved in accordance with the terms of the present Agreement.
  3. The Junior Affiliate acknowledges that he is familiarized with the rules of communication and agrees that he can give instructions only by telephone or the Junior Affiliate terminal.
  4. The Junior Affiliate acknowledges that the Company or a third party involved in providing the services to the Junior Affiliate shall not be liable for malfunctioning of the telephone or Internet equipment, scheduled maintenance or updates or any other events beyond the control of the Company or information service providers or a third party providing services to the Junior Affiliate.
  5. The Junior Affiliate acknowledges that the Company has the right to suspend activity on the Junior Affiliate’s trading account in case the Company has any suspicion that the Junior Affiliate’s trading account is used for money-laundering or the Junior Affiliate has provided deliberately false information. Once the operations are suspended, the Company shall conduct the investigation that may include examination of the account data, trading account depositing history, identification of the Junior Affiliate etc. The Junior Affiliate acknowledges that the Company has the right to initiate the investigation if it has reasons to suspect that the Junior Affiliate has traded on the account in violation of the present Agreement.
  6. The Junior Affiliate acknowledges that in conformity with anti-money laundering policy, the Company is entitled to request the details of the bank account in the name of the Junior Affiliate and limit the money withdrawal to the specified bank details. In case the Junior Affiliate refuses to submit the bank details, the Company is entitled to put on hold all operations on the Junior Affiliate’s trading account until provided with the required information.

Termination of agreement
1. General provisions.
  1. The Agreement enters into effect since it is signed by the Junior Affiliate.
  2. The present Agreement is deemed terminated:
    1. If any party expresses a will to terminate the present Agreement:
      1. In case the Junior Affiliate withdraws all funds from the trading account, which leads to termination of relationships regulated by the Agreement;
      2. In case the Junior Affiliate violates the conditions set forth herein, the Company is entitled to terminate the Agreement at its sole discretion with prior notice sent to the Junior Affiliate and returning all funds to the Junior Affiliate from the trading account balance as of the moment of the Agreement termination.
    2. If the Company terminates the activity regulated by the present Agreement.The Company notifies the Junior Affiliate one month prior to such termination.
      
      The Company returns all funds to the Junior Affiliate from the trading account balance as of the moment of its closing.
    3. If the Junior Affiliate dies.
      
      The right to withdraw funds from the Junior Affiliate’s trading account is transferred to the heir by queue or to the heir-by-will of the Junior Affiliate.
      
      The right to use the trading account of the Junior Affiliate and to conduct trading operations on the financial markets shall not be transferred.
  3. The Junior Affiliate acknowledges the Company’s right to limit or block the Junior Affiliate’s access to the Company’s services at its sole discretion with the following notification of the Junior Affiliate. In this case the present Agreement is deemed terminated since the services have been made unavailable for the Junior Affiliate.

Language
1. The language of the present Agreement is English.
2. For the Junior Affiliate’s convenience, the Company can provide the Agreement in other language. The translated version of the Agreement is of a merely informative character.
3. In case of variant readings of a translated version and the present Agreement in English, the Agreement in English is considered as a prior reference standard.

Appendix: Mutual settlements
1. The Company shall pay the Junior Affiliate affiliate commissions from all trades made by Customers referred by the Junior Affiliate, regardless of the fact whether Customers gained any profit or not.
2. Affiliate commission amount:
  1. The Company shall pay the Junior Affiliate, a commission of 1.5-4.5 pips from each trade made on Forex major instruments;
  2. The Company shall pay the Junior Affiliate, a commission of 1.3 pips from each trade made on CFDs;
  3. Company shall pay the Junior Affiliate,a commission of $33 for each trade made on gold and silver;
  4. The Company shall pay the Junior Affiliate, a commission equal to 40% of the fee charged by the Company from a trade on a given futures contract;
  5. The Company shall pay the Junior Affiliate, a commission equal to 4% of each option value;
  6. The affiliate commission amount is specified for a 1 lot trade on Forex, CFDs and metals.
3. Any other payments are possible only if the Company and the Junior Affiliate, agreed to it in a collateral arrangement.
4. Commission distribution in Multi-level Partnership Program:
  1. When Junior Affiliates from 1st level makes a deal – Master will get 100% commission;
  2. When Junior Affiliates from 2nd level makes a deal - 1st level will get 20% - Master will get 80%;
  3. When Junior Affiliates from 3rd level makes a deal – 2nd level will get 20% - 1st level will get 10% - Master will get 70%;
  4. When Junior Affiliates from 4th level makes a deal – 3rd level will get 20% - 2nd level will get 10% -1st level will get 15% - Master will get – 55%;
  5. When Junior Affiliates from 5th makes a deal – 4th level will get 20% - 3rd level will get 10% - 2nd level will get - 15% - 1st level will get – 25 - Master will get – 30%.

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Public Offer Agreement

Master agreement

Junior Affiliate agreement

General provisions

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