This is the agreement I foolishly signed.
I believe this company are scam artists and only interesting in getting money from people with no interest in providing training.
This is the agreement I foolishly signed.
I believe this company are scam artists and only interesting in getting money from people with no interest in providing training.
This is the agreement I foolishly signed.
I believe this company are scam artists and only interesting in getting money from people with no interest in providing training.
‘TS AGREEMENT Is made on Thursday, 23 August 2008
BETWEEN
TTEAPIINANCIAL LIMITED whore registers ofc at
25 Copthall Avenue,
tendon, EC2R 72° (the Company”); and
bs
1a
aa
as
“Trading Activities
‘You 2 engaged as a Trading Account Manager to undertake Trading Aatvtes
In accordance wth this Agreement. Without preludice tm the remaining
Drovisons of tls Agreement the Company expects you to achieve 2 trading
postion satfectry to it wityn no more than 4 morths after the
Commencement Date.
In retin forthe Clearing Levy you wil have acess tothe Facies from the
‘Subject to the constraints set out Inthe Agreement, you are fee to determing
bow hen and in what manner you undertake the Trading tvs.
‘You are responsible for proving your own ofceaccommogntion, administration
and transport as ere necessary fo enable you to undertake the Trading Ades
‘lerig fes ore charged per lot waded ata rate stated onthe Company's Fee
Schedle, All eharges levied by the Company on the Account are contained
within the Fee Schedule, The Fee Schedule may vary fam le tote and the
‘Company has the right to change the Facies Charge and any other fees at any
‘ume pon gving no less than one week's notice.
“The tek vale s equal to that ofthe relevant product you are trading. Further
Inferation is avalale trom the Company on request
1.7.4 to pay us the Clearing Levy without further demand on or before the
1.7.2 to achere to the Company's trading rules as tied to you from time
to me, Trading risk ints, parameters, regulatory capital usage anda6
127
creat usage with contra-partes wil, a al times, be st for you bythe
Company. You must ensure that you are, at all mes, anare of anc
fay conversant wth al such kts ane restrictions,
to keep your trading caches (the Company wil notify you fram time
to ume who these ore) Informed of the progress of a Tredno
‘Activities on which you ere working, If necessary by regular written
reports;
to co-operate with the Company and its oles, employees and other
personnel (inating other contractors)
to observe and comply with the Companys rules, regulations and
policies (inching without Imitation its polices on Equal Opportunities
and Health and Safety) and any relevant legislation affecting or
relating tothe busines of the Company:
to observe and comply wih any relevent thie party rules, regulations
and polices from tae to ime in free inducing, witout Hatin, ny
tule, reguation, noice or direction ised by or applicable to any
exchange, daring house or regulatory body;
‘not a any time, to eect any transaction or transactions prohibited by
Part V of the Criminal Justice Act 1995 (the Aa"). You acknowledge
that you have received a summary of the main provisions of Part V of
the Ac and conf that you are aware that such summary 18 nat
exhaustive and that you shoul refer to the Act forthe fulltext and the
relevar roqurements; and
to be solely responsible forall trading decisions In respect of the
‘Account ond 9 exerci your awn sll and fxgment In relation to the
Trading Activites. Any information provided to you bythe Company in
‘elation to tang, carting trends, price levee and global market
‘ens is supplied er information purposes only and should not be eleg
(on t make Wading decsone,
‘Subject to your ebligatons to the Company under this Agreement you may
engage In other commercial acvtes provided you notify the Compeny in
advance of your Intention t 60 55.
Commission
Within 5 working days ofthe end ofeach Trading Period the Company wll ott
YoU ofthe balance inthe Account ae at the end of rang on the ast day of such
“Trang Period23
32
33
Subject to dase 2.5, Ifthe balance of the Account on the last day of such
Trading Perod 1s a psitve igure (the Excess") the Company wil pay you as
commission (by ne later than the las day ofthe subsequent Tracing Period) an
‘amoint equal to SO% of sich Excess LESS the amount (any) by when the
balance in the Accourt (net of trading proft and loss and other costs eve From
but unpald by you) at the end of trading on the lst day of the Immediately
preceding Tracing Peod was a negative figure.
Wherever the Compeny makes any payment under clause 2.2 wit withdraw
there is 90 Excess inthe Account atthe end of @ Trading Period (save for the
Ist Trading Peron) ro ermision wi be pad.
No commision wil be pld in respect of the Trading Period which commences on
the Commencement tate
‘The Company wil act pay commision fr any Trading Period in which you ae in
breach any of the terns ofthis Agresmant.
Subject to dause 2.6, In the event of termination of this Agreement, the
Company will pay you a5 fal commission the balance ofthe Account remaining
ter deduction tharrom of all sume due to the Company or to any Group
Company oto any third party introduced to you by the Company. For the
avoidance of doubt sich sums Include the amount of any loan you may have
recetve from the Company or any Group Company.
‘Yu wil be responsible fr any out-of-pocket expenses you incur in undertaking
the Tracing Acovives.
‘You agree that the Company may deduct from commission any overpayment
nich the Company nay previously have pd you and any sum duet the
{Company arising out of your use of any equipment provided to you By the
‘Tax and tax indemnity
‘You wil socont to the appropriate authors for your Income tax, VAT, Class 4
National Ineurance contributions ad all other taxes, Habis, charges ane
I necessary you wil register yours for VAT purposes and, If you do so, wi
supply the Company wth satsfectary evidence of esratin.
‘You mi indeity the Company on 2 continuing bass against: