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Changes in the documentation

 – 2014.02.21
Dear JustForex clients and partners!

We would like to inform you that from 28.02.2014 some changes in the Client Agreement, Introducing Broker Agreement and Anti Money Laundering Policy come to force.

Due to the implementation of the automatic rebate system, the following changes take place.

Client Agreement
New clauses:
5.5 Rebate
5.5.1 Client, referred by the partner who pays from the partner IB account to the trading account of the Client certain sum of funds (rebate) from the remuneration received for the order of the referred Client, is strongly recommended to work only with partners, who use the existing functional of automatic rebate payment, available for partners in the Back Office. Solely under these circumstances Company may guarantee timeliness and volume of payments, under the conditions that partner has set the rebate level, discussed with the Client. Company does not act as the third party, that ensures partner's compliance with the conditions, agreed with the Client. Company solely guarantees the performance of the technical part of the functional, used by the partner to work on rebate system.
5.5.2 Partner may refuse pay the rebate for the Client's order, canceled by the Company.

Clause:
5.3.10 If the Client’s account was credited in the way that cannot be used for funds withdrawal (i.e. using a credit or debit card), the Company may return the funds to a bank account of the Client or use any other way it may choose, with the help of which the Company is able to prove the identity of the account owner.
Will be changed to:
5.3.10 If the Client's account was credited in the way that cannot be used for funds withdrawal, the Company may withdraw the funds to a bank account of the Client or use any other way as agreed with the Company with the help of which the Company is able to prove the identity of the account owner.

Introducing Broker Agreement
New clauses in the Partner's Rights:
2.3.8. Rebates
2.3.8.1 Partner may, but is not obliged to pay from Partner's IB account to the trading account of the referred client certain sum of funds (Rebate) from the amount, received by the Partner from the trade, conducted by the referred client. For this purposes, Partner, in the appropriate part of the Back Office, indicates percent (Rebate level) from the remuneration received by the Partner, which Partner intends to pay to the attracted client.
2.3.8.2 Partner may set the Rebate level either common for all the trading accounts of the attracted clients or individual for certain trading accounts.
2.3.8.3 Crediting of the Rebate amount on the trading account of the referred client takes place once a day (once in 24 hours), in accordance with the clauses 2.3.8.1, 2.3.8.2.
2.3.8.4 Partner may not withdraw or transfer from the Partner's IB account to another account the amount of funds, reserved to be paid to the referred clients (has "Pending" status on the appropriate page of the Back Office).
2.3.8.5 Partner who intends to work with the referred client on the Rebate model, is advised to use solely the existing functional in the Back Office and avoid personal settlements with clients, unless Partner has own Rebate settlement system, the functioning of which is solely Partner's responsibility.
2.3.8.6 Partner may refuse pay the Rebate level in case the order, for which Partner's remuneration was credited, had been canceled.

Anti Money Laundering Policy
Additions to the Deposit and Withdrawal Requirements:
  • If the account was credited in the way that cannot be used for funds withdrawal, the funds may be withdrawn to a bank account of the client or any other way may be used, as agreed with the Company with the help of which the Company is able to prove the identity of the account owner.
  • If the account has been credited with funds through various payment systems, funds withdrawal shall be made on a pro rata basis commensurate to the size of each deposit. Any profit gained can be transferred to any account from which the deposit arrived as long as such transfer is possible.


Please write us at affiliates@justforex.com or support@justforex.com in case any questions arise.

Kind regards,
JustForex team