This Client Agreement governs the trading relationship between you and NothingHolders Ltd. It should be read together with the Terms and Conditions, Risk Disclosure, and Privacy Policy.
This Agreement is between NothingHolders Ltd ("Company") and the client whose details appear in the account registration ("Client"). The Company is authorised and regulated by [FCA and Mica] under licence [894500LM6DICD790FQ34].
The Company provides execution-only CFD trading services. The Company does not provide investment advice, portfolio management, or financial planning services. The Client acknowledges they are making all trading decisions independently and without reliance on any information provided by the Company as investment advice.
Upon account opening, the Company will classify the Client as a Retail Client unless the Client meets the regulatory criteria for Professional Client classification and requests such reclassification. Retail Clients receive the highest level of regulatory protection, including negative balance protection and regulated leverage limits. The Client may request reclassification, but doing so results in reduced protections.
The Company is required to assess whether CFD trading is appropriate for the Client based on their knowledge and experience with leveraged financial products. If the Company determines that CFD trading is not appropriate for the Client, it will issue a warning. Clients may proceed despite such a warning but do so entirely at their own risk.
The Company will execute Client orders as promptly as practicable under prevailing market conditions. The Company operates an order execution policy designed to achieve best execution. Execution prices may differ from indicative quotes due to market movement between order placement and execution (slippage), particularly during high volatility.
The Company reserves the right to refuse, delay, or partially execute any order, particularly during abnormal market conditions or for risk management reasons.
The Client must maintain sufficient margin to support all open positions. Margin requirements may be changed by the Company with reasonable notice (or immediately during market emergencies). The Client is responsible for monitoring their account and maintaining adequate margin at all times, without waiting for a margin call notification from the Company.
The Company may set off any amounts owed by the Client against any amounts owed by the Company to the Client. If the Client's account falls into a negative balance (outside of retail negative balance protection), the Company may pursue recovery of the deficit.
The Company maintains a Conflicts of Interest Policy and takes reasonable steps to manage conflicts fairly. A summary of this policy is available upon request. When the Company acts as the counterparty to the Client's trades (market maker), there is an inherent conflict of interest which is managed through transparent pricing and regulatory oversight.
The Client represents and warrants that: they are at least 18 years of age; they are legally permitted to enter into this Agreement in their jurisdiction; all information provided is accurate and complete; they are acting on their own behalf and not for any third party without disclosure; the funds used for trading are not proceeds of criminal activity; and they have read and understood the Risk Disclosure Document.
This Agreement is governed by the laws of [Jurisdiction Placeholder]. Disputes should first be raised through the Company's complaints procedure. If unresolved, the Client may refer to the relevant regulatory ombudsman or court of competent jurisdiction.
Last updated: January 2024.