Xero Capital Markets Ltd operating under the trading name Xero Markets is one of the organizations running from online trading and runs the spread as low as 0.02 pips for customers to generate their profits and no hidden charge. Xero Capital Markets Ltd : Saint Vincent and The Grenadines Licensed and authorized to carry on the business of dealing in securities as a Principal by the Minister of Finance and Economic Management with company number 24273 IBC 2017. This notice is provided because Client understands these risks and that the Customer is willing and able financially and otherwise to assume the risks of Traded Contracts Trading and that loss of the Customer’s entire Trading Account Balance will not result in a negative change to the Customer’s life-style.By applying for an account the Client should consider carefully whether trading is suitable for him in that will be involve client financial resources. In considering whether to engage in this form of trading, the Client should be aware of the following:
The Client should know leverage is the investment strategy of using borrowed money: specially, the use various financial instrument or borrowed capital to increase the potential return of an investment. High leverage means the client are allowing the high risk in both loses and profit. If the market against client, will be total loss of the initial margin funds and need additional fund to deposit in order to maintain the open position. The Client is responsible for the leverage chosen because is not suitable for all client.
Quotes and Margin
It’s useful to see how profitable is going to be while Client are in position. Quotes and Margin are set by Xero Markets may differ from other firms. Xero Markets is authorized to exchange fund in the Client Account for margin from any foreign currency depends on market currency. In order to maintain the open position, client must maintain the minimum margin level requirement at all times. The client assumes the responsibility to monitor the required margin. It is highly recommended to maintain Margin Level of 1000% or more to avoid a Margin Call.
Before the Client begins to trade, he/she should know the strategies about stop loss control or stop orders, which means it will be help to limit losses may reduce the losses under certain abnormal market situation.
The client should be responsible if the technical issues comes from their sides. These issues include but not limited to:
– Improper settings on the Customer’s Terminal
– MetaTrader Failure on Customer’s Computer
– Delay of Customer Terminal updated
– Failure of Customer’s hardware, software or internet connection
– Improper operation of Customer equipment
The client should aware about once a position is made from Client side, and enter the execution queue, will be process and cannot be cancelled. Any other action that to prevent from happen will be ignored until the process is completed. Client should aware about the volume, price level, and product before submitting any transaction
Client should understands that during peak hour/ trading, it will be have some difficulties in contacting Xero Markets.
In case of Bankruptcy creditors will be priority. All the transaction/ fund entered into Xero Markets by the customer are not traded on an exchange. Under the regulating code of law, the Customer’s funds may not receive the same protections as funds used to guarantee exchange-traded futures or options contracts. If the company becomes insolvent, the Customer’s claim for deposits and profits may not receive priority. The customer is a general creditor and will be paid if money still available after priority claims are paid.