Terms and conditions 

TERMS AND CONDITIONS 

1. The client will open an online FOREX account with a FOREX broker of his/her choice and register it to his personal bank domiciliary account to ensure that withdrawals of funds can only be made by him/her and directly paid into the clients bank account.

2. The client will open the FOREX account with the minimum balance in the chosen category and provide ACLFX with the login details to the trading platform for the sole purpose of executing buy and sell trades of currencies.

3. The client will not interfere in the execution of trades on the platform (unless the client intends to terminate the contract) but will have unlimited access to view the progress of the account.

4. The client will pay ACLFX's commission from the profits realized monthly after withdrawing such profits from the FOREX account. The client however has the discretion to pay ACLFX from his/her pocket if the client decides not to withdraw funds from the FOREX account.

5. The client can make withdrawals at his/her discretion only on Fridays which is the end of the trading week or the last Friday of the month but must notify ACLFX by filling the “withdrawal/deposit notification” form on our website, www.aclfxonline.com, immediately a withdrawal or deposit request has been sent to the client’s forex broker.

6. The client will pay ACLFX its commission on profits realized at the end of the month after the client receives the invoice and account summary statement which will be sent via email to the client. ACLFX will be entitled to its commission on profits made monthly whether it exceeds or does not amount to the monthly profit target of 20%.

7. If a client makes a withdrawal of profits at the end of the week, the client will be expected to fill the “withdrawal/deposit notification” form at www.aclfxonline.com after which ACLFX will send an invoice for our commission so far and the client will be expected to pay it the following week.

8. The Client hereby agrees to pay ACLFX’s commission on or before Tuesdays of the following week (if the client does not intend to make a withdrawal) and on or before Thursdays, if the client intends to make a withdrawal.

9. The client’s account will be switched to the next category, once your net account balance reaches the minimum balance of the next category and our commission on profits will be reduced by 5% .This means that if you start under the bronze category, you will be switched to the silver category once your net account balance gets to $50,000.The switch will take effect from the beginning of the following month.

10. That the client is in full cognizance of the fact that every business comes with its associated risk and that trading currencies is speculative in nature and may involve substantial loss. Investing in the FOREX market is lucrative but not advisable for all investors and you have been advised to invest only your risk capital.

11. As ACLFX has a profit target of 20%, we also set the maximum risk exposure target on any account to 10% of the capital which the client must be willing to accommodate. If a 10% loss occurs, ACLFX will automatically stop trading the account and notify the client via email or SMS .The client can then decide to terminate the contract or give ACLFX express permission, via email ONLY, to resume trading in an effort to make up for the 10% loss. This is applicable to clients using a leverage of 1:25 only.

12. ACLFX hereby declares that in the event that a loss is recorded in a month. Aclfx will trade in an attem to make up for such losses before being entitled to any commission on subsequent profits realized. All profits that are not withdrawn and retained in the forex account will be considered as the client’s risk capital including outsourced payment of ACLFX’s commission.

LIABILITY

ACLFX hereby declares and undertakes to reimburse clients for any loss in excess of 10% of the total invested capital with the following conditions:

• ACLFX will not accept liability for lost profits.If the excess of 10% falls under lost profit, ACLFX will not be liable to reimburse such excess to the client.
• ACLFX will hold no financial liability once a client has withdrawn all his/her invested capital while operating the forex account on profit realized.
• ACLFX will be absolved of any financial liability if the client, agent, third party should interfere with our trading activities on the trading platform.
• ACLFX will hold no financial liability to reimburse or compensate clients of any loss, if the client maintains a leverage above the recommended 1:25.

• The client hereby release ACLFX and it affiliates from, and waive all claims for loss of profit, indirect, direct, special or consequential damages incurred or suffered by the client.

Conditions for Dissolution

Aclfx reserves the right to terminate this contract if the client breaches any of the terms and conditions listed above or is found to have provided false information on this contract form or to ACLFX and its affiliates.

ACLFX also reserves the right to suspend trading activities on the client’s account if the client does not pay the agreed commission from profits realized or show proof of payment as at when due.

The client reserves the right to withdraw all his/her funds from the forex account if the client wishes to do so anytime but should notify ACLFX of his/her intentions to do so.

The client reserves the right to terminate this contract without notice if ACLFX records more than 10% loss in a week or the client may give ACLFX the concession to continue trading the forex account to make-up the following week.

The client can terminate the contract by changing the password to the trading platform or refraining ACLFX from trading the account via an email message, phone or sms.

Please consult your legal/financial adviser if you do not clearly

understand these terms and conditions