Terms & Conditions

Please review these Terms and Conditions thoroughly. By accessing this website and its associated pages, you agree to adhere to these Terms of Use. If you do not agree with these terms, please do not use the website. Finzilo reserves the right to update or change these Terms of Use at any time, and it is your responsibility to stay informed of any modifications. Continued use of the website signifies your acceptance of any changes or updates to these terms.

GENERAL PROVISIONS

This Agreement (referred to as the “License Agreement”) is a legally binding contract between Finzilo, represented by its affiliated partners (collectively referred to as the “Company”), and any individual or entity (referred to as the “Client”). This document forms a crucial part of the public documentation governing the provision of services by the Company to its Clients, including both financial and informational services.

By engaging with the Company’s services or interacting with the Company in any capacity, the Client fully acknowledges and agrees to the terms outlined in the publicly available documents. If the Client disagrees with any part of these documents, including terms related to the use of information provided by the Company, they must cease all interactions with the Company immediately.

This Agreement establishes the rights and obligations of all parties involved (the Company, the Clients, and third parties) regarding the distribution, broadcasting, or publication of any information provided by the Company on its official website, or through other channels owned or operated by the Company and its affiliates.

Any individual or organization accessing information from the Company’s web server or trading platform and using it in any manner is considered an information user under this Agreement.

This Agreement applies to all information published on the Company’s web server, as well as information disseminated or made available through other channels or reproduced in various formats, including physical copies.

Additional rules, legal provisions, and public documents may apply to specific types of information, such as:

• The Company’s logo is a registered trademark and is protected under relevant international trademark regulations.
• Copyright for materials provided by third parties on the Company’s web server is protected under the copyright laws of the authors’ countries and international laws.
• Copyright for materials published directly by the Company is safeguarded by international copyright laws.
• The Company does not accept clients from countries subject to sanctions imposed by regulatory authorities like the Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), United Nations (UN), or other sanctioning bodies.

KEY DEFINITIONS IN THIS AGREEMENT

The terms used in this Agreement are defined as follows unless otherwise specified within this Agreement:

• Account: Refers to the transactional accounts established by the Company for the Client, allowing engagement in trading Foreign Exchange (FX) or Contracts for Difference (CFDs), as described below.
• Agreement: This document includes all terms and conditions governing the relationship between the Client and the Company, including any additional documents available on the Website such as the Privacy Policy and other provisions periodically published.
• Finzilo: The entity operating and managing this website.
• Ask: The lowest price at which a seller is prepared to offer a contract for sale.
• Balance: The total amount in the Client’s Account following the latest transaction within a specified period.
• Base Currency: The first currency listed in a currency pair.
• Bid: The highest price a buyer is willing to pay for a contract.
• Business Day: Any day other than Saturday, Sunday, December 25th, and January 1st.
• CFDs: Contracts for Difference, which involve trading spot and/or forward contracts on various assets such as metals, commodities, futures, options, stocks, or indices.
• Client Application Form: The form completed by the Client to apply for services, enabling the Company to collect essential information for identification, due diligence, and classification as per international know-your-client (KYC) and anti-money laundering (AML) standards.
• Contract Specifications: Details related to lot size or type for CFDs or FX, including all relevant trading information like spreads, swaps, and margin requirements, as specified by the Company and available on the Website.
• Currency of the Account: The currency chosen by the Client when opening an account or converted into after the account is opened.
• Currency Pair: Two currencies (Base Currency and Quote Currency) and the amount of the Quote Currency needed to buy one unit of the Base Currency.
• FX: Foreign Exchange trading, also known as Spot Forex.
• Group Company: Any legal entity that is a parent, subsidiary, or affiliate of the Company.
• Login Details: The username and password provided to the Client by the Company to access the Online Trading System and/or the Website.
• Login Data: Includes the Login Details, Account number, and any other information required to place Orders with the Company.
• Liquidity Providers: Third parties to whom the Company may transmit Client orders, always acting as an agent for the Client.
• Leverage: The ratio between Transaction Size and Initial Margin. For example, a 1:100 leverage ratio means that the Initial Margin required is one hundred times less than the Transaction Size.
• Margin: The required funds to open or maintain positions, as specified in the Contract Specifications for each underlying asset in an FX or CFD.
• Online Trading System: Software or platforms used by the Company, encompassing computer systems, software, databases, telecommunication hardware, and trading platforms that enable real-time market information, technical analysis, transaction execution, order management, and communication.
• Open Position: A trade that is not yet offset by an opposite trade.
• Order: An instruction given by the Client to the Company.
• Parties: The entities involved in this Agreement.
• Pending Order: An order to Buy or Sell at a price different from the current market price.
• Quote: The Bid and Ask prices for a CFD or FX currency pair.
• Quote Currency: The second currency listed in the Currency Pair.
• Rules: Laws, regulations, directives, and procedures applicable at any given time.
• Services: The offerings provided by the Company under this Agreement.
• Spread: The difference between the lowest and highest prices quoted for a market, which may deviate from typical market spreads.
• Stop Out: The situation where the Client’s equity divided by the balance falls below the specified stop-out level, leading to automatic closure of some or all positions to bring the equity above this level.
• Swap or Rollover: The interest added or deducted for holding a position overnight.
• Swap Rates: The rate applied to the fixed portion of a swap, at which the swap will occur for one of the parties.
• Trade Confirmation: A communication from the Company to the Client confirming the execution of an Order.
• Transaction: An executed Order.
• The Company: Refers to Finzilo.

The Client agrees to pay the Company any required margin as specified under relevant market Rules or as reasonably determined by the Company to protect itself against potential losses from current, future, or contemplated transactions.

Unless otherwise agreed, margins must be paid in cash. This cash margin is used by the Company as a repayment obligation and does not accrue interest for the Client.

Furthermore, the Company retains a general lien on all funds held on the Client’s behalf until the Client’s obligations are met.

The Company reserves the right to close or limit the size of the Client’s open positions and to refuse to open new positions or alter trading conditions under certain circumstances, including abnormal trading conditions or reaching a Stop Out level.

If the Client’s margin level falls to or below the Stop Out level, positions may be automatically closed to restore the margin level.

If the Client’s exposure to margin trades could result in a significant deficit, the Company may increase margin requirements or reduce exposure by closing positions at current market prices.

The Client acknowledges the high risks of margin trading and should carefully evaluate its suitability based on their financial situation.

The Client affirms that all information provided in the Client Application Form is accurate and complete.

The Company is committed to client privacy and information protection, as outlined in the Privacy Policy available on our Website. By using our services, the Client agrees to the Privacy Policy terms.

By opening an account, the Client authorizes the Company to disclose information as required by applicable Rules or to fulfill its obligations under this Agreement.

The Company is not liable for any loss or damage arising from the use of the Website or services, except in cases of gross negligence, fraud, or willful misconduct.

If any provision of this Agreement is deemed invalid or unenforceable, the remaining provisions will continue to be effective.

This Agreement is governed by the laws of the jurisdiction where the Company is incorporated, and disputes arising from it will be subject to the exclusive jurisdiction of that jurisdiction’s courts.