Terms and
conditions
trading
1.1 - AUTHORIZATION TO TRADE
Customer’s application to open an Account with Axis Prime or any other entity licensed, powered and/or anyhow affiliated with Axis Prime binds them to the terms and conditions of this Agreement and automatically acknowledges and accepts the below terms and conditions.
Axis Prime has the right to maintain one or more accounts in Customer’s name. It also has the right to engage in transactions for Customer’s account in accordance with oral, written or electronic instructions by Customer and its officers, partners, principals, employees or other agents (“Representatives”).
The risk of all unauthorized instructions administered by their Representatives will be borne by Customer. Customer will indemnify and hold Axis Prime harmless from all claims, liabilities, losses, damages, fees, costs and expenses relating to or arising from Axis Prime’s reliance on such instructions, including any improper, unauthorized or fraudulent instructions by the Representatives, except in cases of gross negligence or willful misconduct by Axis Prime.
Unless expressly stated otherwise in writing, all transactions between Axis Prime and Customer shall be governed by the terms of this Agreement, as amended from time to time (including, without limitation, Axis Prime’s Risk Disclosures and Trading Policies and Procedures).
ACCOUNTS
2.1 - ACCOUNT APPROVALS AND MAINTENANCE.
Axis Prime has every right to reject Customer’s application or close Customer’s Account for any reason, at Axis Prime’s sole and absolute discretion. Customer will need to provide Axis Prime with additional information or documentation. This is done so that Axis Prime can continue carrying Customer’s Account.
Axis Prime may, at any time in its sole and absolute discretion, restrict trading, disbursements or transfers administered by Customer. Axis Prime may amend, change, revise, add or modify the Agreement at any time. The latest Agreement will be posted to Axis Prime’s website: https://axisprime.com. This Agreement cannot be modified by any verbal statements or written amendments that Customer seeks to make to the Agreement without written acceptance from the General Counsel of Axis Prime.
Restricted Territory: Axis Prime reserves the right to restrict access in the future to all or some parts of the Website and/or Services in respect of certain jurisdictions. The customer fully understands and agrees that Axis Prime is not liable if the country of customer’s location or residence becomes restricted or blocked. Restricted Territories include, but are not limited to, individuals residing in:
Afghanistan, Botswana, Burma (Myanmar), Democratic Republic of Congo (DPRK), Crimea, Cuba, Ethiopia, Iran, Iraq, Japan, Libya, North Korea, Republic of the Congo, Russian Federation, Somalia, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, Zimbabwe.
Customer hereby acknowledges and agrees that Accounts are segregated in the Axis Prime’s books and records only. Customer also acknowledges that Customer’s funds are not insured and are deposited with a liquidity provider, which is selected by Axis Prime at its sole discretion.
Customer acknowledges that if an account remains inactive for a period of 90 consecutive days, the Company reserves the right to apply an inactivity fee. Inactivity is defined as a lack of any Customer-initiated transactions or trades.
Upon the 90-day mark, an inactivity fee will be charged to the account on a monthly basis until activity resumes or the account balance reaches zero, whichever comes first. The Customer acknowledges and agrees to this fee as part of maintaining an active account with the Company.
2.2 - JOINT ACCOUNT OWNERS.
If this Account is held by more than one (1) person, all the joint holders hereby agree that they are all fully liable for the obligations assumed in this Agreement.
If this Account is held in trust, joint ownership, or partnership, the undersigned hereby agrees to indemnify, defend and hold harmless Axis Prime for any losses resulting from a breach of any fiduciary duty of the undersigned to the other holders and beneficiaries of this Account.
Furthermore, any one or more of the joint owners shall have full authority for the Account and at risk of the Account owners, to buy, sell, and trade in transactions of off-exchange products, to deposit with and withdraw from Axis Prime, currencies, securities, negotiable instruments, and other property, including withdrawals to or for the individual use or Account of the party directing the sale or of any other party.
Moreover, all joint owners have the authority and are liable for all actions including to receive and acquiesce in the correctness of notices, confirmations, requests, demands and all other forms of communications, and to settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes, and controversies.
Upon death or legal incapacity of any of the undersigned, Axis Prime is authorized to take such action with regards to the Account, as the Company may deem advisable to protect itself against any liability, penalty or loss.
Customer agrees to notify Axis Prime immediately upon the death or legal incapacity of any joint owner. It is possible that Axis Prime terminates this Agreement by written notice to any one of the joint owners.
2.3 - MARGINS AND DEPOSIT REQUIREMENTS.
Customer shall provide and maintain margin in such amounts and in such forms as Axis Prime, at its sole discretion, may require.
Axis Prime may oblige the Customer to deposit by immediate wire transfer such additional margin when and as required by the Company, and will immediately meet all Margin Calls in such mode of transmission as Axis Prime shall, at its sole discretion, designate.
Possibly, Axis Prime might change margin requirements at any time without prior notice. Axis Prime may limit the amount and/or a total number of open positions that Customer may acquire or maintain at Axis Prime, at its full discretion. Axis Prime reserves the right to close any Customer positions at any time that it deems necessary.
Axis Prime shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions including but not limited to loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to a breakdown in or failure of any transmission or communication facilities.
For example, in volatile market conditions, a margin call may be delayed resulting in the possibility of a negative usable margin; a margin call may occur even if positions are hedged, in the jurisdictions where hedging is permitted by law, due to rate volatility or daily interest charges or credits.
2.4 - ROLLOVERS.
At its sole discretion and without notice to Customer, Axis Prime may offset Customer’s open positions, roll over Customer’s open positions into the next settlement time period, or make or receive delivery on behalf of Customer upon any terms and by any methods deemed reasonable by Axis Prime, at its sole discretion.
At Axis Prime’s sole discretion, terms and/or methods for delivering, offsetting, or rolling over Customer’s open positions may differ on a customer-by-customer basis.
Customer acknowledges and agrees that any positions held in Customer’s Account at 5PM EST may be rolled over to the next settlement date and the Account may be debited or credited for the interest differential for the rollover period.
2.5 - SETTLEMENT DATE OFFSET INSTRUCTIONS..
Customer acknowledges and agrees that offset instructions on positions open prior to settlement arriving at settlement date must be given to Axis Prime at least one to three business days prior to the settlement or value day.
Alternatively, enough funds to take delivery or the necessary delivery documents must be in the possession of Axis Prime within the same period described above.
If neither instructions, funds nor documents are received, Axis Prime may without notice, either offset Customer’s position or roll Customer’s positions into the next settlement time period or make or receive delivery on behalf of Customer upon such terms and by such methods deemed reasonable by Axis Prime at its sole discretion.
2.6 - LIQUIDATION OF ACCOUNTS.
In the event of:
death or judicial declaration of incompetence of Customer or, in the case of a legal entity, its dissolution or liquidation;
filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer;
filing of an attachment against any of Customer’s Accounts carried by Axis Prime;
insufficient margin, or determination by Axis Prime that any collateral deposited to protect one or more Accounts of Customer is inadequate, regardless of current market quotations, to secure the Account;
Customer’s failure to provide Axis Prime any information requested pursuant to this Agreement; or
any other circumstances or developments that Axis Prime deems appropriate for its protection.
At Axis Prime’s sole discretion, it may take one or more, or any portion of, the following actions:
sell any or purchase any or all contracts, securities or other property held or carried for Customer; and
cancel any or all outstanding orders or contracts, or any other commitments made with Customer.
Any of the above actions may be taken without demand for margin or additional margin, without prior notice of sale or purchase or other notice to Customer, Customer’s personal or appointed representatives, heirs, executors, administrators, trustees, legatees or assigns and regardless of whether the ownership interest shall be solely Customer’s or held jointly with others.
2.7 - MANAGED ACCOUNTS.
With regard to managed Accounts, a money manager (“Money Manager”) is a person or entity authorized to make decisions with respect to an Account on behalf of the Account’s beneficial owners, including a trustee, custodian, conservator, guardian, executor, administrator, attorney in fact, or investment advisor or other person to whom Customer has granted trading authority over an Account.
Customer understands and agrees that Axis Prime may, but is not required to, review any action or inaction by a Money Manager with respect to an Account and is not responsible for determining whether a Money Manager’s action or inaction satisfies the standard of care applicable to such Money Manager’s handling of the Account.
Customer further understands and agrees that Axis Prime is not responsible for determining the validity of a person’s or entity’s status or capacity to serve as a Money Manager.
Customer agrees to hold Axis Prime and its officers, directors, employees, agents and affiliates harmless from any liability, claim, or expense, including attorneys’ fees and disbursements, as incurred, for the actions or non-actions of Customer’s Money Manager.
CUSTOMER REPRESENTATIONS
3.1 - GENERAL REPRESENTATIONS AND WARRANTIES.
Customer represents and warrants that:
Customer is of sound mind, legal age and legal competence;
Customer (if not a natural person) is duly organized and validly existing under the applicable laws of the jurisdiction of its organization;
Execution and delivery of this Agreement and all transactions contemplated hereunder have been duly authorized by Customer and will not violate any statute, rule, regulation, ordinance, charter, by-law or policy applicable to Customer;
Each person executing and delivering this Agreement has been duly authorized by Customer to do so;
No person other than the Customer has or will have an interest in Customer’s Account;
Regardless of any subsequent determination to the contrary, Customer is suitable to trade over-the-counter products;
Customer is not now an employee of any exchange, any corporation in which any exchange owns a majority of the capital stock, any member of any exchange and/or firm registered on any exchange, or any bank, trust, or insurance company that trades the same instruments as those offered by Axis Prime, and in the event that Customer becomes so employed, Customer will promptly notify Axis Prime via email of such employment;
Customer has read and understands the Risk Disclosure Statement and Trading Policies contained in this Agreement;
Customer has conducted simulated trading using the demo trading platform for a period that has allowed the Customer to develop a full understanding of the trading platform;
All information provided by Customer to Axis Prime, including information regarding Customer’s trading experience and investment sophistication, is true, correct and complete. Customer binds themselves to notify Axis Prime promptly of any changes in such information;
Customer cannot engage in transactions for purposes of arbitrage or exploitation of temporary inaccuracies or technical discrepancies.
3.2 - DISCLOSURE OF FINANCIAL INFORMATION.
The financial information disclosed to Axis Prime in the Application is warranted by Customer to be an accurate representation of the Customer’s current financial condition.
Customer represents and warrants that in determining Customer’s Net Worth, Gross Income, Total Assets and Liabilities were correctly calculated.
Customer represents and warrants that in determining the value of Total Assets, the Customer included cash and/or cash equivalents, U.S. Government and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable Assets.
In determining the value of Liabilities, Customer represents and warrants that notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts were included.
Customer represents and warrants that Customer has very carefully considered the portion of Customer’s Total Assets that Customer considers to be Risk Capital. Customer also recognizes that Risk Capital is the amount of money Customer is willing to put at risk. If lost, Customer acknowledges that this in no way would change Customer’s lifestyle.
Customer agrees to immediately inform Axis Prime if the Customer’s financial condition changes in such a way as to reduce Customer’s Net Worth and/or Risk Capital.
3.3 - CREDIT.
Customer authorizes Axis Prime and/or any agents acting on behalf of Company to investigate Customer’s credit standing and in connection therewith to contact such banks, financial institutions and credit agencies as Axis Prime shall deem appropriate to verify information regarding Customer.
Axis Prime is also authorized by Customer to investigate Customer’s current and past investment activity, and in connection therewith, to contact such futures commission merchants, exchanges, broker/dealers, banks, compliance data centers, and any other financial and investment institution as Axis Prime shall deem appropriate.
Upon a reasonable request made in writing by Customer to Axis Prime, Customer shall be allowed to review any records maintained by Axis Prime relating to Customer’s credit standing.
At Customer’s sole cost and expense, Customer is also allowed to copy such records. Customer acknowledges that Customer’s credit score may be impacted when Axis Prime accesses Customer’s credit file.
Customer also acknowledges that Axis Prime may provide information (e.g. negative Account information of unsecured debts) regarding Customer’s performance under this Agreement to these agencies.
ORDER MANAGEMENT
4.1 - CANCELLATION AND MODIFICATION REQUESTS.
Customer acknowledges that it may not be possible to cancel or modify an order.
Customer understands and agrees that, if an order cannot be cancelled or modified, Customer is bound by any execution of the original order.
Should Axis Prime be unable to cancel or modify an order, Axis Prime is not liable in any way.
Customer further acknowledges that attempts to modify or cancel and replace an order can result in the execution of the order or the execution of duplicate orders. Customer also acknowledges that Axis Prime’s systems do not prevent the execution on order or duplicate orders from occurring, and that Customer shall be responsible for all such executions.
Customer agrees not to assume that any order has been executed or cancelled until Customer has received confirmation from Axis Prime with regards to order execution. Customer is responsible for knowing the status of Customer’s pending orders before entering additional orders.
Customer agrees to contact Axis Prime in the event Customer is unclear on the status of an order.
Customer agrees to regularly review Customer’s online Account Statement to confirm the status of Customer’s orders.
4.2 - STATEMENTS AND CONFIRMATION.
Reports of the confirmation of orders and statements of Accounts for Customer shall be deemed correct and shall be conclusive and binding upon Customer if not objected to immediately upon receipt and confirmed in writing within one (1) business day after the execution of the Customer’s order.
Axis Prime will provide Customer with access to view Customer’s Account at any time with an online login via the Internet. Axis Prime will not provide trade confirmation via postal mail.
Written objections on Customer’s part shall be directed to Axis Prime at its address located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, jurisdiction regulated by FSRSA. The written objection shall be deemed received only if sent via email or delivered or mailed by registered mail. The return receipt must be requested.
Failure to object shall be deemed ratification of all actions taken by Axis Prime or its agents prior to Customer’s receipt of said reports.
Customer’s failure to receive a trade confirmation shall not relieve Customer of the obligation to object as set out herein.
4.3 - CHARGE.
Customer shall pay such charges (including, without limitation, mark-ups and markdowns, statement charges, idle Account charges, order cancellation charges, Account transfer charges, introducing broker and Money Manager fees, or other charges) arising out of Axis Prime providing services hereunder. Axis Prime reserves the right to change its charges without notice.
All such charges shall be paid by Customer as they are incurred, or as Axis Prime in its sole and absolute discretion may determine. Customer hereby authorizes Axis Prime to withdraw the amount of any such charges from Customer’s Account(s).
4.4 - DEPOSITS AND WITHDRAWALS.
Axis Prime shall neither receive nor disburse Customer’s funds in cash currency or cash equivalents.
All transactions between Customer and Axis Prime shall be performed by wire, ACH or any other method whereby identities of both the sending and receiving parties can be verified by Axis Prime and which Axis Prime, in its sole discretion, shall deem appropriate.
Axis Prime acknowledges and promises to perform deposit/withdrawal transactions which are only between Customer’s Axis Prime Account and another Account which is held in Customer’s name or of which Customer clearly demonstrates ownership to Axis Prime.
Axis Prime may limit Customer’s withdrawal options in order to prevent money laundering, fraud, and other unauthorized activity.
Customers can withdraw their funds and benefits whenever they need to. To request a partial or complete withdrawal of funds from your account, Customer must click on “Withdrawal request” in the Axis Prime portal.
Customer must consider that Axis Prime takes 2–5 business days to process withdrawal requests. Corresponding withdrawals will take up to 2–3 business days to reach your credit card or bank account.
Customer can contact Axis Prime’s Customer support team if Customer has any questions. Withdrawals must be performed only through the same bank account or credit/debit card that is used to deposit the funds. This is according to generally acceptable AML rules and regulations.
Furthermore, when it comes to withdrawals, the Customer may be required to present additional information and documents.
4.5 - ENVI FX’S RESPONSIBILITIES.
Axis Prime is and will not be liable for delays in the transmission of orders due to a breakdown or failure of transmission or communication facilities, electrical power outage or for any other cause beyond Axis Prime’s control or anticipation.
Axis Prime shall not be liable for losses arising from the default of any agent or any other party used by Axis Prime under this agreement.
4.6 - CURRENCY FLUCTUATION RISK.
If Customer directs Axis Prime to enter into any transaction:
(a) any profit or loss arising as a result of a fluctuation in the rates affecting such a transaction will be entirely for Customer’s Account and risk;
(b) all initial and subsequent deposits for margin purposes shall be made in USD, or another currency which Axis Prime may choose to accept, in such amounts as Axis Prime may at its sole discretion require, with subsequent deposits being in the same currency as the initial deposit; and
(c) Axis Prime is authorized to convert funds in Customer’s Account for margin into and from such foreign currency at a rate of exchange determined by Axis Prime at its sole discretion on the basis of then prevailing money market rates.
4.7 - CROSS TRADE CONSENT
Customer hereby acknowledges and agrees that Axis Prime may act as the counterparty to Customer for any trade entered for the undersigned’s Account.
The undersigned hereby consents to any such transaction, subject to the limitations and conditions, if any, contained in the Rules or Regulations of any bank, institution, exchange or board of trade upon which such buy or sell orders are executed, and subject to the limitations and conditions, if any, contained in any applicable regulations of any globally recognized regulatory agency.
COMMUNICATIONS
5.1 - GENERAL COMMUNICATIONS.
Reports, statements, notices and any other communications shall be transmitted to Customer electronically by posting to Customer’s online Account or via email to the email address provided in Customer’s application or to such other email address as Customer may from time to time designate to Axis Prime.
5.2 - STATEMENTS AND CONFIRMATION.
All emails sent to and from Axis Prime are subject to monitoring, review or disclosure to someone other than Customer or Customer’s intended recipient. Customer acknowledges that there may be delays in the email being received by Customer’s intended recipient.
Customer agrees to hold Axis Prime harmless for any delay in email delivery regardless of whether the delay was caused by Axis Prime or a third party. Email sent to and from an Axis Prime address may be retained by Axis Prime’s corporate email system.
Customer agrees not to use email to transmit orders to purchase or sell over-the-counter products. Customer also agrees that Axis Prime is not liable for any actions taken or any omissions to act as a result of any email message Customer sends to Axis Prime.
Electronic communications with Axis Prime via our Website, wireless device or touchtone service are also subject to monitoring, review and may also be disclosed to someone other than the recipient. Such communications may be retained by Axis Prime.
THIRD PARTIES
6.1 - NO SEPARATE AGREEMENTS.
Customer acknowledges that Customer must have no separate agreement with Customer’s broker or any Axis Prime employee or agent regarding the trading in Customer’s Account, including any agreement to guarantee profits or limit losses in Customer’s Account. Customer is under obligation to notify Axis Prime’s Compliance Department immediately in writing as to any agreement of this type.
Customer understands that any representations made by anyone concerning Customer’s Account that differs from any statements Customer receives from Axis Prime must be brought to the attention of Axis Prime’s Compliance Department immediately in writing.
Customer understands that Customer must authorize every transaction prior to its execution unless Customer has delegated discretion to another party by signing Axis Prime’s limited power of attorney (“LPOA”).
Customer agrees to bring any disputed transactions to the attention of Axis Prime’s Compliance Department pursuant to the notice requirements of this Agreement.
Customer agrees to indemnify and hold Axis Prime harmless from all damages or liability resulting from Customer’s failure to notify Axis Prime’s Compliance Department within one (1) business day of any of the occurrences referred to herein. All notices required under this section shall be sent to Axis Prime at its address.
6.2 - REVENUE SHARING DISCLOSURE.
Customer acknowledges that Axis Prime may enter into revenue sharing arrangements with or retain the services of any other third-party vendors in connection with technical support, back-office and operational support functions relating to Customer’s Accounts.
Axis Prime reserves the right to enter into such compensation or revenue sharing arrangements with any other third-party vendors based on the volume traded, bid/offer pricing or other outside commission or revenue sharing models.
COMPLIANCE
7.1 - ANTI-MONEY LAUNDERING PROCEDURES.
Customer agrees to and acknowledges that Axis Prime may conduct the following procedures at the time of the opening and throughout the existence of the Account:
7.2 - VERIFICATION PROCESSES
In accordance with anti-money laundering and combating the funding of terrorism standards, Axis Prime may identify and verify any person who signs up for its services. When a customer opens an account, Axis Prime is required to collect information such as – but not limited to – name and surname, date of birth and residential address.
The customer acknowledges and agrees that Axis Prime reserves the right to close the account at its sole discretion if the Company encounters any problem with the verification checks.
Email verification: After the Customer completes the sign-up form, they will be asked to verify their email address via an activation link. If this step is not completed, access to the account will be denied.
2-factor authentication (2FA): After signup, customers must enable 2FA to access their accounts. This extra layer helps protect the account and data from unauthorized access.
Identity checks: Axis Prime may use third-party providers to confirm user information. Customers may be required to provide official ID, proof of address, or additional documents. Corporate clients may need to submit documents such as a certificate of incorporation and articles of association.
Verification checks may be repeated while the account is active. Refusal to comply may lead to account suspension and the return of funds up to the value of the original deposit.
7.3 - MONITORING
Axis Prime may monitor trading activity in Accounts to investigate or identify potential money laundering.
7.4 - SECURITY AND CONFIDENTIALITY.
Customer agrees and acknowledges that they are the exclusive owner and solely responsible for the confidentiality and protection of their Account number(s) and password(s).
Customer further agrees to be fully responsible for all activities including brokerage transactions arising from use of their credentials and agrees to indemnify and not hold Axis Prime liable if unauthorized persons gain access and provide instructions under their credentials.
Customer will immediately notify Axis Prime in writing or by email of any loss, theft, or unauthorized use.
7.5 - INTELLECTUAL PROPERTY AND CONFIDENTIALITY.
All copyright, trademark, trade secret and other intellectual property rights in the Axis Prime Trading Platform remain the sole property of Axis Prime and/or its third-party service providers.
Customer agrees:
To access the platform only as authorized;
Not to publish, distribute, or disclose platform details;
Not to copy, modify, decompile, reverse-engineer or derive source code.
7.6 - NO ADVICE AND NO RECOMMENDATIONS.
Axis Prime does not provide investment, legal, or tax advice or make trading recommendations. Customers act on their own initiative or that of an authorized representative.
Axis Prime is not responsible for evaluating the suitability or appropriateness of any transaction or strategy. Customers agree to hold Axis Prime harmless for any losses related to their decisions.
7.7 - TRADING RECOMMENDATIONS
Customers acknowledge:
Any market recommendations made by Axis Prime or its staff do not constitute an offer to buy/sell.
Recommendations may be based on unreliable or unverified sources.
Axis Prime may hold positions contrary to any recommendations provided.
7.8 - RISK ACKNOWLEDGMENT.
Customers acknowledge:
Leveraged transactions are speculative and highly risky.
Low margin requirements may result in large losses.
Axis Prime makes no guarantees of profit or loss avoidance.
All trading is at Customer’s own risk.
7.9 - RECORDINGS.
All phone calls with Axis Prime personnel may be recorded. These recordings may be used as evidence in disputes. Recordings are subject to deletion as per business policy.
7.10 - SECURITY AGREEMENT
All funds, securities, and assets deposited with Axis Prime are subject to a security interest in Axis Prime’s favor for the discharge of Customer’s obligations, including margining and negative balance resolution.
7.11 - USE OF MONIES.
Customer grants Axis Prime the right to pledge, hypothecate, or loan any funds or instruments deposited. Identical property need not be returned.
7.12 - TECHNOLOGY AND COMMUNICATIONS ISSUES.
Axis Prime provides technology “as is,” without warranty. It is not responsible for performance issues, including:
Software bugs
Signal loss
Communication delays
Third-party data errors
7.13 - FOREIGN ACCOUNTS.
Non-U.S. customers must comply with special information requests. Axis Prime may suspend activity for customers failing to comply with regulatory calls or documentation requirements.
MISCELLANEOUS
8.1 - BINDING EFFECT.
This Agreement shall be continuous and cover all Customer Accounts at Axis Prime, regardless of personnel changes, mergers, successors, or assigns. It binds the Customer’s estate, legal representatives, heirs, and assigns.
Customer ratifies all past transactions with Axis Prime and agrees they are governed by this Agreement.
8.2 - TERMINATION.
This Agreement remains in effect until terminated:
By Customer, in writing, with no open positions or liabilities.
By Axis Prime, via written notice at any time.
Termination does not waive obligations from prior transactions.
8.3 - ACCEPTANCE.
This Agreement is not binding until Customer’s information is verified and approved by Axis Prime.
8.4 - INDEMNIFICATION.
Customer agrees to indemnify Axis Prime against all costs, damages, and attorney fees incurred due to:
Customer’s failure to perform
Misrepresentations
Enforcement actions related to this Agreement
8.5 - FORCE MAJEURE.
Axis Prime is not liable for damages resulting from circumstances beyond its control, including but not limited to:
Civil unrest
War
Government actions
Acts of God
Communication failures
8.6 - TERMS AND HEADINGS.
“Axis Prime” includes all its affiliates, divisions, successors, and assigns.
“Customer” refers to the signatory(ies).
Paragraph headings are for convenience only.
8.7 - GOVERNING LAW AND JURISDICTION.
This Agreement is governed by the jurisdiction regulated by FSRSA, without regard to conflict of law principles.
8.8 - USE OF TRADENV’S WEBSITES.
Customer agrees to rely only on official Account records, not website content, for trading activity or status. Axis Prime may modify its website or content without notice.
Hyperlinks to third-party sites do not imply endorsement. Axis Prime is not responsible for third-party content.
8.9 - MARKET DATA, NEWS AND OTHER INFORMATION..
Customer may use website-provided data for personal use only and may not redistribute it without Axis Prime’s written consent.
8.10 - NO WAIVER OR AMENDMENT.
This Agreement may only be modified in writing, signed by both parties. No oral agreement or conduct constitutes a waiver.
8.11 - SEVERABILITY.
If any part of this Agreement is found unenforceable, the remainder remains valid and enforceable.
8.12 - ACCOUNT TRANSFER AND ASSIGNMENT.
Customer authorizes Axis Prime to transfer or assign the Account to a regulated entity. Customer may not assign this Agreement without Axis Prime’s written approval.
RISK DISCLOSURE STATEMENT
9.1 - GENERAL.
Trading margined products with Axis Prime is speculative and involves the risk of significant losses, potentially exceeding deposits.
By signing this Agreement, Customer confirms that they:
Understand and accept these risks
Can afford to lose their Risk Capital
Will not trade with retirement or essential funds
A) Leverage Risk
High leverage (e.g. 100:1) amplifies both gains and losses. Customers must use leverage cautiously and apply risk management tools like Stop Loss Orders.
B) Liquidity Risk
Markets may become illiquid due to economic or political events. Illiquidity can lead to slippage, wide spreads, or inability to close positions at desired prices.
C) Margin Liquidation
Axis Prime may liquidate Customer positions if margin is insufficient. Liquidations may occur without notice, especially during volatile conditions.
D) Communication Risks
Execution delays may occur due to communication failures or heavy call volume. Axis Prime is not responsible for losses from such delays.
E) Use of Money Managers
Axis Prime is not liable for actions of third-party Money Managers, even if introduced through the platform. Customers use them at their own risk.
F) Market Recommendations
All trading decisions are made by the Customer. Axis Prime does not guarantee any profit based on market commentary or analysis.
G) Insolvency Risk
In the event of Axis Prime’s insolvency, Customer funds may not be fully protected. Segregated accounts may offer some protection; non-segregated funds may not.
H) Reporting and Confirmation Errors
Customers must promptly report any Account discrepancies. Delayed reports may not be honored retroactively.
I) Phone & Chat Orders
Phone/chat orders are final once confirmed. Execution prices may differ from quoted prices due to market conditions. Customers must verify all trades.
J) System Failures
Trading systems may fail due to bugs, overload, or external attacks. Axis Prime is not liable for resulting losses or missed trades.
K) Bankruptcy Protections
Funds in margin trading accounts may not receive priority treatment in bankruptcy. Customers may be treated as unsecured creditors.
L) Referring Parties & Introducing Brokers
Introducing Brokers (IBs) are independent of Axis Prime. Customers are responsible for evaluating any systems, strategies, or advice from third parties.