ABDFX
Agreement Acceptance
The Account Opening Agreement (the "Agreement") sets out the terms and conditions for the provision of investment services by ABDFX (the "Company") to Clients. By submitting your Account Opening Application and clicking "I Accept," you acknowledge and agree to be legally bound by all terms and conditions herein.
02 Definitions and Interpretations
Terms stated below shall have the following meanings and may be used in the singular or plural as appropriate:
03 Scope of the Account Opening Agreement
3.1 ABDFX provides a reliable, user-oriented trading environment built on advanced platforms. Our trading expertise encompasses currencies, precious metals, commodities, CFDs and futures across global markets.
3.2 The Company reserves the right, at its discretion, at any time to withdraw the whole or any part of the Services on a temporary or permanent basis without obligation to inform the Client of the reason.
3.3 This Agreement is non-negotiable and overrides any other agreements, arrangements, or express or implied statements made by ABDFX unless the Company, in its sole discretion, determines otherwise.
3.4 Under applicable electronic transactions legislation, a distance contract is legally binding upon the contractors without the requirement of a physical signature. The Client acknowledges that this Agreement and all terms are legally binding.
By completing and submitting the online Account Opening Agreement and clicking "I Accept" or similar buttons as designated by ABDFX on its website.
By continuing to access or use the ABDFX website, platforms or services after the effective date of this Agreement.
04 Client Acceptance Policy
4.1 ABDFX is not obliged to accept any Prospective Client and has the right to decline any application if it reasonably believes the Prospective Client poses a risk or conflicts with our Client Acceptance Policy. No reason need be given.
4.2 The Prospective Client must complete and submit the online Account Opening Application Form and provide all required identification documentation. ABDFX will then send a notice of acceptance upon successful review.
4.3 The Client acknowledges that ABDFX has the right to refuse to activate an account and shall not accept any money until all documentation has been properly provided and all internal compliance checks - including AML checks and appropriateness tests - have been satisfied.
4.4 ABDFX may request additional documentation at any time throughout the business relationship. Failure to provide such documentation may result in termination of the relationship at ABDFX's discretion.
4.5 ABDFX has the right to close any Account opened by a Prospective Client which has not been approved and which has been pending for approval for a period of 3 (three) months.
Documentation Required
Government-issued ID, proof of address, and financial documentation as requested
AML Compliance
Anti-money laundering checks and appropriateness tests must be fully passed
⏱️ Processing Time
Account approval within 3 months of application submission; pending accounts closed thereafter
05 Commencement of the Agreement
5.1 The Commencement Date of the Agreement shall be the date the Prospective Client receives the notice that they have been accepted as a Client of ABDFX, which contains the trading account number and login credentials.
Upon receipt of your acceptance notice with your account number and login details, you are formally a Client of ABDFX and the full terms of this Agreement apply immediately.
06 Client Categorization
6.1 ABDFX attaches different levels of regulatory protection to each client category. Retail Clients are afforded the most regulatory protection; Professional Clients and Eligible Counterparties (ECPs) are considered more experienced and afforded fewer protections.
6.2 Clients may request re-categorization to increase or decrease the level of regulatory protections afforded, subject to meeting specified quantitative and qualitative criteria.
6.3 Upon such a request, ABDFX undertakes an adequate assessment of the client's expertise, experience and knowledge to ensure they are capable of making their own investment decisions.
Retail Client
Highest level of regulatory protection. Subject to negative balance protection and leverage limits.
Professional Client
Reduced regulatory protections. Must meet quantitative and qualitative criteria for re-categorization.
Eligible Counterparty
Lowest level of regulatory protection. Reserved for institutional and sophisticated market participants.
07 Capacity
7.1 The Parties are entering into this Agreement as principal to principal. For CFD transactions, ABDFX shall transmit or arrange for the execution of Orders acting on behalf of the Client with a third-party Execution Venue.
7.2 The Client is acting as a principal and not as agent, representative, trustee or custodian on behalf of someone else, unless ABDFX specifically consents to this in writing.
7.3 Even where a third party has been granted power of attorney over the Client's account, ABDFX is not accepting that third party as a client. No information shall be disclosed to the third party in relation to the Client's account or trading activity, though they may give instructions on the Client's behalf.
08 Assurances and Guarantees
The Client assures and guarantees that:
The funds deposited with ABDFX belong to the Client and are free of any lien, charge, pledge or other encumbrance or impediment.
The funds are not direct or indirect proceeds of any illegal act or omission or product of any illegal activity, including but not limited to money laundering or tax evasion.
The Client acts for themselves and is not a representative or trustee of a third person, unless they produce satisfactory documentation to the contrary.
The Client guarantees the authenticity and validity of any document sent to ABDFX during the account opening process and throughout the life of the account.
09 Services
9.1 Under these Terms, the Client may enter into transactions in the following financial instruments:
Forex & CFDs
CFDs on currencies, equities, precious metals, financial indices, futures contracts and other trading instruments
Derivatives
Options, futures, swaps, forward rate agreements and other derivative contracts relating to securities, currencies and interest rates
Commodities
Derivative contracts relating to commodities including those that must or may be settled in cash or physically delivered
Other Instruments
Contracts relating to climatic variables, freight rates, emission allowances, inflation rates and other agreed financial instruments
9.2 Orders may be placed as market Orders to buy or sell as soon as possible at the prevailing market price, or as limit and stop Orders to trade when the price reaches a predefined level. Limit and stop Orders are executed consistent with ABDFX's Best Execution Policy and are not guaranteed executable at the specified price.
9.3 The Client will, unless otherwise agreed in writing, enter into Contracts as Principal with the Execution Venue.
10 Instructions
10.1 The Client may give ABDFX oral or written instructions, including those provided via the internet or email. ABDFX shall acknowledge receipt of instructions orally or in writing, as appropriate.
10.4 Once an instruction has been given, it cannot be rescinded, withdrawn or amended without ABDFX's express consent. ABDFX may at its absolute discretion refuse any dealing instruction without giving any reason or being liable for any resulting loss.
10.6 ABDFX shall not be liable for any loss suffered by the Client as a result of instructions or communications being made via the internet. The Client is solely responsible for all orders and the accuracy of all information sent using their login credentials.
10.7 If ABDFX does not receive instructions from the Client to settle open Contracts by close of Business Day, ABDFX is authorised (but not obliged) to transfer all said Contracts to the next business date (Rollover).
10.10 ABDFX is entitled to aggregate the Client's orders with other orders and may split the Client's orders when executing these, where it reasonably believes it to be in the best interest of the Client.
If the Client comprises more than one person (joint account), the liabilities of each such person shall be joint and several. ABDFX may act upon instructions from any one of those persons.
11 Recording of Telephone Calls
11.1 The content of any telephone call between the Client and ABDFX may be recorded and saved as a magnetic or electronic record. The Client agrees that ABDFX has the right to use such recordings as it deems necessary, including in the event of a dispute.
11.2 All instructions received from the Client during a telephone call in relation to trading financial instruments shall be conclusive and binding.
11.3 ABDFX may provide copies of recordings to a regulatory or competent authority without informing the Client, as required by applicable law.
12 Client Funds
12.1 All amounts handed over by the Client to ABDFX shall be held in an omnibus Client Account together with money of other Clients, but segregated from company funds.
12.2 The Client has the right to withdraw funds which are not used for margin covering (Free Margin) from their Account at any time, free from any obligations.
12.3 Money transfer requests (withdrawals from Trading Account) are processed within three (3) Business Days after receiving complete withdrawal instructions from the Client.
12.4 In the event a negative balance occurs in the Client's Trading Account due to a Stop Out event, ABDFX will make a relevant adjustment of the full negative amount so that the Client does not suffer that loss.
ABDFX provides negative balance protection for retail clients. You cannot lose more than the funds deposited in your account.
13 Company's Spreads and Conditions
13.1 By accepting these Terms, the Client confirms they have read, understood and accepted the information under the Spreads and Conditions Schedule available on the ABDFX website, in which all related spreads, charges, margin, interest and other rates are explained.
13.2 ABDFX is entitled, but not obliged, to convert any realised gains, losses, option premiums, commissions, interest charges and brokerage fees which arise in a currency other than the Client's base currency.
13.3 Whenever ABDFX conducts currency conversions, it will do so at such reasonable rate of exchange as ABDFX selects, and ABDFX shall be entitled to add a mark-up to the exchange rates.
13.4 The Client shall be obliged to pay all applicable VAT and other taxes and fees incurred in connection with any Contract or in connection with maintaining the Client relationship.
14 Margin Deposits, Collateral and Payment
14.1 The Client shall pay such sums of money by way of deposits or as initial or variation Margin as ABDFX may from time to time require on demand.
14.2 With prior written consent, the Client may deposit Security or provide a guarantee or indemnity from an acceptable person instead of cash to comply with margin obligations.
14.3 If the Client fails to provide any Margin, deposit or other payable amount, ABDFX may close out any open Contract without prior notice to the Client.
Failure to maintain sufficient margin may result in automatic closure of your open positions without prior notice. Always ensure adequate funds are available in your account.
15 Account Reporting and Trade Confirmation
15.1 ABDFX will make available to the Client a Trade Confirmation in respect of any transaction entered into on behalf of the Client and in respect of any open position closed.
15.2 An Account Detailed Report is available to the Client through the Trading Platform and is updated periodically during ABDFX's opening hours.
15.3 The Client must verify the contents of each document received. Such documents shall be conclusive unless the Client notifies ABDFX in writing to the contrary within three (3) Business Days of receipt.
16 Communication
16.1 Communications may be made to the Client at such address, telephone, facsimile or email address as notified to ABDFX for this purpose.
16.2 Unless otherwise agreed in writing, all communications shall be in the English language and may be served by post, email, facsimile or hand delivery.
16.3 Any notice sent to the Client by email shall be deemed served when received at the destination email address advised by the Client.
16.4 The Client shall ensure that ABDFX can communicate with the Client or their authorised representative by telephone, facsimile or email at all times.
17 Conflicts of Interest
17.1 ABDFX, its associates or other connected persons may have an interest, relationship or arrangement that is material in relation to any transaction or advice provided under these Terms.
17.2 By accepting these Terms and ABDFX's Conflict of Interest Policy, the Client agrees that ABDFX may transact such business without prior reference to any potential specific conflict of interest.
18 Inducements
18.1 ABDFX may pay and/or receive fees or commissions to/from third-parties, provided that these benefits are designed to enhance the quality of services to the Client and do not impair compliance with ABDFX's duty to act in the best interests of the Client.
19 Business Introducer
19.1 The Client may have been referred by a Business Introducer (IB). Based on a written agreement with ABDFX, the Business Introducer will be paid a fee or commission.
19.2 This fee or commission is related to the volume of trading transactions performed by and the number of clients referred to ABDFX by the Introducer.
19.3 The Client acknowledges that where referred by an Introducer, higher spreads may be applied as a mark-up, as indicated on the ABDFX website.
19.4 By accepting this Agreement, the Client confirms awareness that commissions based on their traded volume may be paid to the Business Introducer.
20 Acknowledgements
20.1 The Client acknowledges that they have read, understood and accepted this Agreement, and all other legal documentation available on the ABDFX website including the Terms of Business, Privacy Policy, General Risk Disclosure, AML Policy, KYC Policy and Order Execution Policy.
20.2 The Client acknowledges that ABDFX's relationship with them will be governed by the terms of this Agreement as amended from time to time.
20.3 ABDFX has the right to archive any trading account if the Client does not perform any trading or financial transaction for a period of 90 (ninety) calendar days, regardless of the balance amount.
Accounts with no trading activity for 90 calendar days may be archived. Archived accounts may be subject to inactivity fees. Please contact support if you wish to reactivate your account.
21 Risks
Trading in leveraged financial instruments involves significant risk of loss and may not be suitable for all investors. You should not invest funds you cannot afford to lose.
21.1 The Client acknowledges, recognises and understands that trading and investments in leveraged as well as non-leveraged Contracts is:
Highly Speculative
Trading involves substantial risk of loss of your invested capital
Extreme Risk
May involve an extreme degree of risk not suitable for all investors
Margin Trading
Only appropriate for persons who can assume risk of loss in excess of their margin deposit
An example of a leveraged product is a CFD on Forex with leverage of higher than 1:1. Clients may also choose leverage of 1:1 which makes the Contract non-leveraged. Higher leverage amplifies both potential gains and potential losses.
22 Representations and Warranties
The Client represents and warrants that:
They do not have any legal disability with respect to, and are not subject to any law or regulation which prevents performance of these Terms or any contemplated transaction.
They have obtained all necessary consents and have the authority to operate according to this Agreement.
All sums, investments or other assets supplied for any purpose subject to this Agreement are free from any charge, lien, pledge or encumbrance and are beneficially owned by the Client.
They are in compliance with all applicable laws including all tax laws, exchange control requirements and registration requirements.
All information provided to ABDFX is complete, accurate and not misleading, and all documents submitted are valid and authentic.
23 Indemnity and Limit of Liability
23.1 The Client shall indemnify and keep ABDFX indemnified at all times against all losses, expenses, costs and liabilities of any kind which may be suffered or incurred by ABDFX as a direct or indirect result of any failure of the Client to perform any obligations under this Agreement.
23.2 This indemnity shall survive the termination of this Agreement.
23.3 ABDFX shall not be liable for any loss, expense, cost or liability suffered or incurred by the Client unless such loss is suffered as a result of ABDFX's gross negligence and/or fraud on behalf of ABDFX.
24 Prohibited Trading
24.1 The Client is not allowed to enter into any form of prohibited trading, including certain trading techniques commonly known as "arbitrage trading," "picking/sniping," or the use of unauthorised automated trading systems or Expert Advisors (EAs).
If ABDFX determines that the Client has been acting in prohibited manners, ABDFX may at its sole discretion take any of the following actions:
Close the Client's account immediately and permanently
Suspend the Client's account for an indefinite period pending investigation
Carry out a full investigation on the Client's account and trading history
Charge a penalty fee and confiscate any profits derived from prohibited trading
25 Event of Default
25.1 An Event of Default occurs when:
The Client has failed to make any payment to ABDFX in accordance with the terms and conditions of this Agreement.
The Client has failed to perform any of their obligations to ABDFX under this Agreement.
If the Client is a natural person, their death or legal incapacity.
The initiation of proceedings for bankruptcy (natural person) or winding up (legal entity), or the appointment of an administrator or receiver in respect of the Client's assets.
25.2 In an Event of Default, ABDFX has the right to:
Immediately demand any amount due and terminate the Agreement without prior notice
Close or partly close all or any of the Client's open trades at prevailing market prices
Close all or any of the Client's Accounts held with ABDFX
Cancel any obligations to continue providing Services to the Client
26 Amendments
26.1 ABDFX reserves the right to amend these Terms at any time by written notice to the Client. Such changes will become effective on the date specified in the notice, which will be at least one week after the Client is notified via the ABDFX website, email, or other appropriate means.
27 Information Disclosure
27.1 ABDFX shall maintain all information received from the Client as confidential. Such information shall only be disclosed to ABDFX employees, affiliates, consultants and advisors who require it for the purpose of this Agreement, or to parties who facilitate the transfer of funds, all of whom are bound by confidentiality obligations.
27.2 The Client acknowledges that ABDFX may disclose information relating to the Client as may be required by any law, rule or regulatory authority, including applicable Market Rules, without prior notice to the Client.
28 Advice and Provision of Information
28.1 ABDFX will not advise the Client about the merits of any particular Transaction or give any form of investment advice. The Services do not include the provision of investment advice in CFDs or the underlying markets.
28.2 ABDFX will not provide legal, tax or other advice relating to any Transaction. The Client should seek independent expert advice regarding any tax liabilities.
28.3 - 28.4 Any market commentary, news or other information provided by ABDFX is subject to change and may be withdrawn at any time without notice. Such information is not provided as a service or investment advice.
29 Chargeback Policy
29.1 The Client shall have the right to file a complaint for a belief that a fraudulent transaction was committed. ABDFX shall then conduct an investigation to determine whether the alleged transaction was fraudulent.
| Chargeback Scenario | Fee Applied | Description |
|---|---|---|
| Research Fee | USD 150 | Charged to the Client to conduct the chargeback investigation |
| Unsuccessful Chargeback - Total Fee | USD 300 | USD 150 research fee + USD 150 administrative processing fee |
| Administrative Processing Fee | USD 150 | Additional fee applied for unsuccessful chargeback claims |
29.2 ABDFX will not accept any form of fraud including credit card fraud and shall conduct full investigations and pursue all losses under applicable law.
29.4 ABDFX reserves the right to deduct the disputed amount from the Client's account until any investigation conducted by ABDFX is completed.
30 Force Majeure Event
30.1 ABDFX shall not be liable to the Client for any failure, hindrance or delay in performing its obligations where such failure arises directly or indirectly from circumstances beyond its reasonable control.
30.2 Force majeure events include without limitation: telecommunications failures or disruptions, unavailability of ABDFX's website, declared or imminent war, revolt, civil unrest, catastrophes of nature, statutory provisions, measures taken by authorities, strikes, lock-outs, boycotts or blockades.
30.3 If ABDFX determines that a force majeure event has occurred, it may increase margin requirements, increase spreads, decrease leverage, close out open positions, suspend services, or take other appropriate protective actions without prior notice.
31 Demo Accounts
31.1 Demo Accounts are "virtual accounts" designed to closely simulate a real trading environment based on actual market conditions. They are offered to Clients and Prospective Clients to test trading skills prior to opening a live account.
31.2 Inactive Demo Accounts are automatically deleted within 29 (twenty-nine) days of inactivity without prior notice of termination.
Demo trading results do not guarantee similar results on a live account. Live trading involves real financial risk and market conditions may differ from those experienced on a demo account.
32 Term
32.1 This Agreement shall come into force on the Commencement Date and shall remain in full force and effect until terminated by either Party in accordance with Clause 33 of this Agreement.
33 Termination
33.1 The Client relationship shall remain in force until terminated by either party.
33.2 Either party has the right to terminate cooperation immediately by giving written notice to the other. Termination will not affect any accrued rights. ABDFX will provide notice to the Client by phone or email (or both).
33.3 ABDFX may terminate this Agreement with immediate effect and without notice in an Event of Default by the Client.
33.4 Upon termination, all amounts payable by the Client to ABDFX will become immediately due and payable, including all outstanding costs and other amounts owed to ABDFX.
34 Miscellaneous Provisions
34.1 If any provision of these Terms is or becomes illegal, invalid or unenforceable under the law of any jurisdiction, the legality, validity or enforceability of the remaining provisions shall not be affected.
34.2 No delay or omission by ABDFX in exercising any right or remedy shall impair or prevent further exercise of such right or remedy.
34.3 The Client is not entitled to assign or transfer any rights or delegate any obligations under these Terms. ABDFX may assign its rights or delegate obligations to any publicly trusted financial institution.
35 Tax Information
35.1 The Client acknowledges that ABDFX shall have the right to request any information and/or documentation required for FATCA and CRS purposes. The Client confirms and agrees to disclose such information to ABDFX immediately upon request.
35.2 By accepting these Terms, the Client consents that ABDFX may provide, directly or indirectly, to any relevant tax authorities or authorised auditors, information obtained from the Client in connection with this Agreement and the Transactions.
36 Governing Language
36.1 This Agreement and all additional agreements (present and future) are made in the English language. Any other language translation is provided as a convenience only. In the case of any inconsistency or discrepancy between the original English text and any translation, the original English version shall prevail.
★ Contact Information
For questions about this Client Agreement or for all trading and account inquiries, please contact us:
✉️ Email Support
support@abdfx.comFor all trading and account inquiries
Phone Support
+1 (800) 000-0000Direct line for urgent matters
Registered Office
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia