Introducing Broker Regulations
3. Obligations of the Introducing Broker

3. Obligations of the Introducing Broker


for example, forex
  • 3.1. The IB agrees to act in compliance with the legislation of the country of its residence.
  • 3.2. The IB agrees to notify the Company immediately about any intervention by right or without a right in its activity.
  • 3.3. The IB agrees to use best endeavors to attract potential customers for the Company.
  • 3.4. The IB is responsible for accuracy of customer’s application form and authenticity of the data provided by the customer. A Customer is considered to be attracted by the IB provided one of the following conditions is observed:
    • 3.4.1. the Customer indicates IB’s ID upon trading account registration;
    • 3.4.2. the Customer registers a trading account via a special link provided by the IB. In this case the IB’s ID is entered automatically.
  • 3.5. The Company reserves a right to register a customer as attracted by the IB provided the IB may prove the fact of attracting this customer and explain the reason why the customer’s registration was not carried out in compliance with clause 3.4.hereof.
  • 3.6. The IB agrees not to use unprincipled types of advertising to promote its activity. In particular it is prohibited to use:
    • 3.6.1. active promotion;
    • 3.6.2. advertising on amoral (including pornographic) websites;
    • 3.6.3. advertising on websites breaching the IB’s country of residence legislation;
    • 3.6.4. spam;
    • 3.6.5. advertisements with deliberate misleading description of the services provided and also deliberate nondisclosure of the risks and information about the services provided to customers;
    • 3.6.6. advertisements containing inauthentic information or breaching legislation of the IB’s country of residence;
    • 3.6.7. anything that may bring harm to the positive image of the “Broker”;
    • 3.6.8. any other types of unprincipled advertising.
  • 3.7. The IB is prohibited from money relations with customers (including accepting money, payment and bank cards, etc.) since the Company is fully responsible for this part of work.
  • 3.8. The IB agrees to keep confidential Company’s activity and/or the information that the IB becomes aware of in accordance with the requirements of these Regulations.
  • 3.9. The IB agrees to inform the Company about all the facts and circumstances, it becomes aware of, that may result in undesired consequences (risks) for the Company.
  • 3.10. Should customers assert claims to the Company connected with activity of the IB, the IB agrees to settle all the claims of such customers on its own.

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