CUSTOMER AGREEMENT
This Customer Agreement (“Agreement”) is entered into
by and between the Customer and Quantix FS Ltd(referred to as QFS), a Financial Services Company,
authorized and regulated as a Securities Dealer by the
Financial Services Authority of Seychelles ("FSA") withlicense number SD021. Its successors and assigns, and theundersigned individual or legal entity, including a
corporation, limited liability company, trust or partnership(as applicable, “Customer”) that wants to open a Customer
Account (“Account”) with QFS.
In consideration of QFS’s agreement to carry one or more
Accounts of Customer and provide services to Customer inconnection with the purchase and sale of over-the-counter
foreign currency exchange, CFD, or other derivatives
contracts (“FX”), Customer agrees as follows:
A. TRADING
1. AUTHORIZATION TO TRADE.
Subject to the terms and conditions of this Agreement andacceptance of Customer’s application to open an Accountwith QFS, Customer hereby authorizes QFS to maintainone or more Accounts in Customer’s name and engage in
FX transactions for Customer’s Account in accordancewith oral, written or electronic instructions by Customer
and its officers, partners, principals, employees or otheragents (“Representatives”). Customer will bear the risk of
all unauthorized instructions by its Representatives andwill indemnify and hold QFS harmless from all claims,
liabilities, losses, damages, fees, costs and expenses
relating to or arising from QFS’s reliance on such
instructions, including any improper, unauthorized or
fraudulent instructions by the Representatives, except incases of gross negligence or willful misconduct by QFS.
Unless expressly stated otherwise in writing, alltransactions entered into between QFS and Customer shallbe governed by the terms of this Agreement, as amended
from time to time (including, without limitation, QFS’s
Risk Disclosures and Trading Policies and Procedures).
B. ACCOUNTS
1. ACCOUNT APPROVALS AND MAINTENANCE.
QFS may reject Customer’s application or close
Customer’s Account for any reason, at QFS’s sole andabsolute discretion. QFS may require Customer to provide
QFS with additional information or documentation in orderfor QFS to continue carrying Customer’s Account.
Customer acknowledges that QFS may, at any time in its
sole and absolute discretion, restrict trading, disbursements
1or transfers. QFS may amend, change, revise, add or
modify the Agreement at any time. The most current
Agreement will be posted to the domain
http://www.yadix.com (“Website”). Customer understands
that this Agreement cannot be modified by any verbal
statements or written amendments that Customer seeks tomake to the Agreement without written acceptance fromthe General Counsel of QFS. Customer acknowledges andagrees that Accounts are segregated in the QFS’s books
and records only, and Customer’s funds are not FDICinsured and are deposited with a liquidity provider selectedby QFS in its sole discretion.
2. JOINT ACCOUNT OWNERS.
If this Account is held by more than one (1) person, all of
the joint holders agree to be jointly and severally liable forthe obligations assumed in this Agreement. Customer
agrees to notify QFS of any third-party accessing or
operating the Account, failure to do so will be construed asa breach of these terms. If this Account is held in trust,
joint ownership, or partnership, the undersigned hereby
agrees to indemnify, defend and hold harmless QFS for
any losses resulting from breach of any fiduciary duty of
the undersigned to the other holders and beneficiaries ofthis Account. Further, any one or more of the joint owners
shall have full authority for the Account and risk of the
Account owners, to buy, sell, and trade in transactions offoreign currencies or off-exchange options, to deposit withand withdraw from QFS, currencies, securities, negotiable
instruments, and other property, including withdrawals toor for the individual use or Account of the party directing
the sale or of any other party, to receive and acquiesce inthe correctness of notices, confirmations, requests,
demands and all other forms of communications, and tosettle, compromise, adjust, and give releases with respect
to any and all claims, demands, disputes, andcontroversies. Upon death or legal incapacity of any of theundersigned, QFS is authorized to take such action inregard to the Account, as QFS may deem advisable toprotect itself against any liability, penalty or loss.
Customer agrees to notify QFS immediately upon thedeath or legal incapacity of any joint owner. QFS may
terminate this Agreement by written notice to any one of
the joint owners. In the event that QFS receives a notice ofa dispute between or conflicting instructions from joint
account holders, QFS may, but is not required to, place
restrictions on the account, including restrictions on
withdrawals or transfers from an account, until QFS
receives satisfactory documentations that the dispute has
been resolved or all joint account holders give QFS
instructions.

3. MARGINS AND DEPOSIT REQUIREMENTS.
Customer shall provide and maintain margin in suchamounts and in such forms as QFS, in its sole discretion,
may require. Customer agrees to deposit by QFS systems
such additional margin when and as required by QFS andwill immediately meet all Margin Calls in such mode oftransmission as QFS shall, in its sole discretion, designate.
QFS may change margin requirements at any time without
prior notice. QFS retains the right to limit the amountand/or total number of open positions that Customer may
acquire or maintain at QFS. QFS reserves the right to close
any Customer positions at any time that it deems
necessary. QFS shall not be responsible for any loss ordamage caused, directly or indirectly, by any events,
actions or omissions including but not limited to loss ordamage 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, involatile market conditions a margin call may be delayed
resulting in the possibility of a negative usable margin; amargin call may occur even if positions are hedged, in thejurisdictions where hedging is permitted by law, due tocurrency conversion rate volatility or daily interest charges
or credits.
4. ROLLOVERS.
QFS may, in its sole discretion and without notice toCustomer, offset Customer's open positions, roll overCustomer'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
QFS, in its sole discretion. Terms and/or methods fordelivering, offsetting, or rolling over Customer's open
positions may differ on a customer-by-customer basis, at
QFS’s sole discretion. Any positions held in Customer’s
Account between 22:30 - 23:30 GMT may be rolled overto the next settlement date and the Account may be debitedor credited for the interest differential for the rollover
period.
5. SETTLEMENT DATE OFFSET INSTRUCTIONS.
Offset instructions on currency positions open prior tosettlement arriving at settlement date must be given to QFS
at least one (1) business day prior to the settlement orvalue day. Alternatively, sufficient funds to take deliveryor the necessary delivery documents must be in thepossession of QFS within the same period describedabove. If neither instructions, funds nor documents arereceived, QFS may without notice, either offset
Customer’s position or roll Customer’s positions into thenext settlement time period or make or receive delivery on

2behalf of Customer upon such terms and by such methods
deemed reasonable by QFS in its sole discretion.
6. LIQUIDATION OF ACCOUNTS.
In the event of: (a) death or judicial declaration ofincompetence of Customer or, in the case of a legal entity,
its dissolution or liquidation; (b) filing of a petition inbankruptcy, or a petition for the appointment of a receiver,or the institution of any insolvency or similar proceedingby or against Customer; (c) filing of an attachment against
any of Customer’s Accounts carried by QFS; (d)insufficient margin, or QFS’s determination that any
collateral deposited to protect one or more Accounts ofCustomer is inadequate, regardless of current market
quotations, to secure the Account; (e) Customer’s failure toprovide QFS any information requested pursuant to thisAgreement; or (f) any other circumstances ordevelopments that QFS deems appropriate for its
protection, and in QFS’s sole discretion, it may take one or
more, or any portion of, the following actions: (1) sell any
or purchase any or all FX contracts, securities or otherproperty held or carried for Customer; and (2) cancel any
or all outstanding orders or contracts, or any othercommitments made with Customer. Any of the above
actions may be taken without demand for margin or
additional margin, without prior notice of sale or purchaseor other notice to Customer, Customer’s personal or
appointed representatives, heirs, executors, administrators,
trustees, legatees or assigns and regardless of whether theownership interest shall be solely Customer’s or held
jointly with others.
7. MANAGED ACCOUNTS.
With regard to managed Accounts, a money manager(“Money Manager”) is a person or entity authorized tomake 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 towhom Customer has granted trading authority over an
Account. Customer agrees to notify QFS of any third-party
accessing or operating the Account, failure to do so will be
construed as a breach of these terms. Customer
understands and agrees that QFS may, but is not required
to, review any action or inaction by a Money Manager
with respect to an Account and is not responsible fordetermining 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 QFS is not responsiblefor determining the validity of a person’s or entity’s status
or capacity to serve as a Money Manager. Customer agrees
to hold QFS 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.

i) Customer has conducted simulated trading using thedemo trading platform for a period that has allowed theCustomer to develop a full understanding of the trading
platform.

C. CUSTOMER REPRESENTATIONSj) All information provided by Customer to QFS, including
information regarding Customer’s trading experience andinvestment sophistication, is true, correct and complete,
and Customer will notify QFS promptly of any changes insuch information.
k) Customer will not engage in FX transactions forpurposes of arbitrage or exploitation of temporary
inaccuracies in any exchange rates or technicaldiscrepancies, or to exploit market gaps.

1. GENERAL REPRESENTATIONS AND
WARRANTIES.
Customer represents and warrants that:a) Customer is of sound mind, legal age and legal
competence.
b) Customer (if not a natural person) is duly organized andvalidly existing under the applicable laws of thejurisdiction of its organization.
c) Customer can legally register under the laws applicablein their country of residence and understands QFS is not
responsible to identify eligibility in the jurisdiction.
Execution and delivery of this Agreement and alltransactions 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.
d) Each person executing and delivering this Agreement
has been duly authorized by Customer to do so;e) No person other than the Customer has or will have aninterest in, or access to the Customer’s Account, theCustomer agrees to notify QFS of any third-party that isaccessing or operating the Account, failure to do so will be
construed as a breach of these terms.
f) Regardless of any subsequent determination to thecontrary, Customer is suitable to trade FX,g) Customer is not now an employee of any exchange, any
corporation in which any exchange owns a majority of thecapital 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 QFS, and in the event that Customer
becomes so employed, Customer will promptly notify QFS
via e-mail of such employment.
h) Customer has read and understands the Risk DisclosureStatement, Arbitration Agreement and Trading Policies
contained in this Agreement.

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2. DISCLOSURE OF FINANCIAL INFORMATION.
Customer represents and warrants that the financial
information disclosed to QFS in the Application is an
accurate representation of the Customer’s current financial
condition. Customer represents and warrants that indetermining Customer’s Net Worth, Gross Income, Total
Assets and Liabilities were carefully calculated. Customer
represents and warrants that in determining the value of
Total Assets, the Customer included cash and/or cash
equivalents, Marketable securities, real estate owned(excluding primary residence), the cash value of life
insurance and other valuable Assets. Customer represents
and warrants that in determining the value of Liabilities,
Customer included notes payable to banks (secured andunsecured), notes payable to relatives, real estate
mortgages payable (excluding primary residence) andother debts. Customer represents and warrants that
Customer has very carefully considered the portion ofCustomer’s Total Assets which Customer considers to be
Risk Capital. Customer recognizes that Risk Capital is theamount of money Customer is willing to put at risk and if
lost would not, in any way, change Customer’s lifestyle.
Customer agrees to immediately inform QFS if the
Customer’s financial condition changes in such a way as toreduce Customer’s Net Worth and/or Risk Capital.
3. CREDIT.
Customer authorizes QFS or agents acting on behalf of
QFS to investigate Customer’s credit standing and inconnection therewith to contact such banks, financial
institutions and credit agencies as QFS shall deem
appropriate to verify information regarding Customer.
Customer further authorizes QFS to investigate
Customer’s current and past investment activity, and inconnection therewith, to contact such futures commission
merchants, exchanges, broker/dealers, banks, compliancedata centers, and any other financial and investment
institution as QFS shall deem appropriate. Uponreasonable request made in writing by Customer to QFS,
Customer shall be allowed to review any records
maintained by QFS relating to Customer’s credit standing.
Customer shall also be allowed, at Customer’s sole costand expense, to copy such records. Customer
acknowledges that Customer’s credit score may be
impacted when QFS accesses Customer’s credit file.
Customer also acknowledges that QFS may provide
information (e.g. negative Account information of
unsecured debts) regarding Customer’s performance under
this Agreement to these agencies.
4. CLIENT AREA
IMPORTANT: The client area is an account management
facility where the Customers can manage their accountprofile. It remains the entire responsibility of the Customer
to keep the user details (email address and password) safe
and secure.
All requests or instructions submitted through the clientarea will be deemed that the Customer represents that all
information submitted is true and correct and agrees to
notify QFS of any changes in writing. Furthermore, bysubmitting any requests or instructions, you are providing'written instructions' to undertake the request andunderstand that QFS will not be responsible for the
detriment of any account resulting from the processing therequest.
D. ORDER MANAGEMENT
1. CANCELLATION AND MODIFICATIONREQUESTS.
The Customer acknowledges that it may not be possible tocancel or modify an order. Customer understands andagrees that, if an order cannot be canceled or modified,Customer is bound by any execution of the original order.
QFS is not liable to the Customer if QFS is unable tocancel or modify an order. Customer further acknowledges
that attempts to modify or cancel and replace an order can
result in an over-execution of the order, or the execution of
duplicate orders, that QFS’s systems do not prevent overexecution on 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 QFS regarding order execution.
Customer is responsible for knowing the status of the
Customer’s pending orders before entering additional
orders. Customer agrees to contact QFS in the event
Customer is unclear on the status of an order. Customer
agrees to regularly review Customer’s online AccountStatement 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 shallbe 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. QFS will provide Customer access toview Customer’s Account at any time with an online login
via the Internet. QFS will not provide trade confirmation
via postal mail. Written objections on Customer’s partshall be directed to QFS via email to support@yadix.com
and shall be deemed received only if sent via e-mail ordelivered or mailed by registered mail, return receipt
requested. Failure to object shall be deemed ratification of
all actions taken by QFS or its agents prior to Customer’s
receipt of said reports. The Customer’s failure to receive a
trade confirmation shall not relieve Customer of theobligation to object as set out herein.
3. CHARGES.
Customer shall pay such charges (including, without
limitation, markups and markdowns, statement charges,
idle Account charges, order cancellation charges, Accounttransfer charges, introducing broker and Money Manager
fees, or other charges) arising out of QFS providing
services hereunder. QFS may change its charges without
notice. All such charges shall be paid by Customer as they
are incurred, or as QFS in its sole and absolute discretion
may determine, and Customer hereby authorizes QFS towithdraw the amount of any such charges from Customer’s
Account(s).
4. CUSTOMER’S MONEY
4.1 AML - QFS shall neither receive nor disburse
Customer’s funds in cash currency or cash equivalents. Alltransactions between Customer and QFS shall be
performed by wire, Automatic Clearing House (“ACH”) or
other method in which the identities of both the sending
and receiving parties can be verified by QFS and which
QFS, at its sole discretion, shall deem appropriate. QFS
shall perform deposit/withdrawal transactions only
between Customer’s QFS Account and another Accountwhich is held in Customer’s name or of which Customer
clearly demonstrates ownership to QFS. To prevent money
laundering, fraud, and other unauthorized activity, QFS
may limit Customer’s withdrawal options at its sole
discretion.
(a) AML Verification Fees: QFS may conductenhanced due diligence at any time, at the sole
discretion of the Company, whether during theaccount application process or following theCustomer’s activity, the Customer agrees andacknowledges that an KYC fee of either 50$/€ for
onboarding or 100$/€ for enhanced AML checks,
will be levied to the Customer’s account.
4.2 The Customer accepts that the Funds shall be depositedin his/ her trading account on the value date received by
the Institution, net of any transfer fees or other charges
incurred by QFS that are imposed by the Institution (orintermediary involved in the process).
4.3 In case the Customer performs a withdrawal request
without completing a minimum volume of three (3) lots on
Forex and/or Commodities, or 30 lots of Indices from thelast deposit made or if any other form of abuse is found orsuspected, QFS will levy the Customer’s account with afee of up to 10% of the total withdrawal sum. Furthermore,
the Customer further agrees and acknowledges that should
the volumes (aforementioned) not be completed, an
onboarding/KYC fee of 50$/€ will be levied to theCustomer account prior to the withdrawal of funds.
4.4 The Customer accepts that the Funds shall be depositedin his/ her trading account only if QFS is satisfied that thesender of the Funds is the Customer or the Customer’s
authorised representative. If QFS is not satisfied as to theabove then QFS has the right to reject the Funds and returnthem to the remitter net of any transfer fees, KYC fees orother charges incurred by QFS, using the same transfer
method as the one through which it originally received theFunds.
4.5 The Customer accepts that withdrawal of any part of
the Funds shall be concluded using the same transfer
method and the same remitter as the one which QFS
originally received the Funds from. QFS shall return thepart of the Funds requested net of any transfer fees or othercharges incurred by QFS. In cases where the withdrawal
amount exceeds the original sum deposited, subsequentprofits can be dispersed via bank wire transfer, net of any
transfer fees or other charges incurred by QFS. In any
event, QFS can decide at its sole discretion to return
Customer's funds using any transfer method available,
furthermore, any costs associated to the transfer of funds
for the purpose of accommodating withdrawals will beborne by the requesting Customer and may include transfer
fees, exchange fees and commissions.
4.6 If, at any time, QFS is not satisfied with the
documentation provided by the Customer in relation to thewithdrawal/ deposit, QFS reserves the right to reverse to
the remitter any part of the Funds net of any transfer fees,
5

KYC fees or other charges incurred by QFS, using thesame transfer method as the one through which it
originally received the Funds.
4.7 QFS may vary commissions, charges and other costs
from time to time without prior Written Notice to theCustomer.
4.8 If the Customer's trading account holds funds of lessthan $/€ 20 (or currency equivalent), QFS reserves theright to close the account, without prior notification, andcharge an amount up to the equivalent of one-month’s
Dormant account fee.
4.9 Dormant accounts. Dormant accounts are charged amonthly fee of $/€ 20.00 depending on the account’s
currency. A dormant account is defined as an account withno incoming funds and no trading activity during the past
three months.
5. QFS’S RESPONSIBILITIES.
QFS will not be responsible for delays in the transmissionof orders due to a breakdown or failure of transmission orcommunication facilities, electrical power outage or for
any other cause beyond QFS’s control or anticipation. QFS
shall not be liable for losses arising from the default of any
agent or any other party used by QFS under thisagreement.
6. CURRENCY FLUCTUATION RISK.
If Customer directs QFS to enter into any foreign exchange
FX transaction: (a) any profit or loss arising as a result of afluctuation in the exchange rate affecting such currency
will be entirely for Customer’s Account and risk; (b) all
initial and subsequent deposits for margin purposes shallbe made in USD, or another currency which QFS may
choose to accept, in such amounts as QFS may in its sole
discretion require, with subsequent deposits being in thesame currency as the initial deposit; and (c) QFS is
authorized to convert funds in Customer’s Account for
margin into and from such foreign currency at a rate ofexchange determined by QFS in its sole discretion on thebasis of then prevailing money market rates.
7. CROSS TRADE CONSENT.
Customer hereby acknowledges and agrees that QFS may
act as the counterparty to Customer for any trade entered
for the undersigned’s Account. The Customer hereby
consents to any such transaction, subject to the limitations
and conditions, if any, contained in the Rules orRegulations of any bank, institution, exchange, or board of
trade upon which such buy or sell orders are executed, andsubject to the limitations and conditions, if any, contained

in any applicable Regulations of the Financial Services
Authority of Seychelles ("FSA") or other regulatory
agency.
E. COMMUNICATIONS
1.GENERAL COMMUNICATIONS.
Reports, statements, notices, and any othercommunications shall be transmitted to Customer
electronically by posting to Customer’s online Account or
via e-mail to the e-mail address on Customer’s application,or to such other e-mail address as Customer may from time
to time designate to QFS. Occasionally QFS may
communicate with Customer via postal mail. If Customer
does not have access to email, Customer will receive
notices and other communications via postal mail. Notices
regarding how to electronically review Account statements
will be sent to Customers that have no access to e-mail via
postal mail.
2.QFS is not responsible if the correspondence sent by
postal mail is not received by Customer or if the postal
mail is delayed, regardless of whether the delay or failure
to receive the correspondence was caused by QFS or athird party. All communications sent via postal mail orsent by e-mail shall be deemed transmitted by QFS whenposted or sent and deemed delivered to Customer
personally, whether actually received by Customer or not.
3.E-MAIL AND ELECTRONIC COMMUNICATIONS.
All e-mails sent to and from QFS are subject tomonitoring, review or disclosure to someone other thanCustomer or Customer’s intended recipient. Customer
acknowledges that there may be delays in e-mail being
received by Customer’s intended recipient. The Customer
agrees to hold QFS harmless for any delay in e-maildelivery regardless of whether the delay was caused by
QFS or a third party. E-mail sent to and from a QFS
address may be retained by QFS’s corporate e-mailsystem. Customer agrees not to use e-mail to transmit
orders to purchase or sell FX and further agrees that QFS
is not liable for any actions taken or any omissions to act
as a result of any e-mail message the Customer sends to
QFS. Electronic communications with QFS via our Web
site, wireless device or touchtone service are also subject
to monitoring, review by or disclosure to someone otherthan the recipient and such communications may beretained by QFS.
F. THIRD PARTIES
1. NO SEPARATE AGREEMENTS.
The Customer acknowledges that the Customer has no6

separate agreement with the Customer’s broker or any
QFS employee or agent regarding the trading in the
Customer’s Account, including any agreement toguarantee profits or limit losses in the Customer’s
Account. The Customer understands that they are under anobligation to notify QFS’s Compliance Department
immediately in writing as to any agreement of this type.
Further, the Customer understands that any representations
made by anyone concerning the Customer’s Account thatdiffer from any statements the Customer receives from
QFS must be brought to the attention of QFS’s
Compliance Department immediately in writing. The
Customer understands that they must authorize everytransaction prior to its execution unless the Customer hasdelegated discretion to another party by signing QFS’slimited power of attorney (“LPOA”). Any disputed
transactions must be brought to the attention of QFS’s
Compliance Department pursuant to the noticerequirements of this Agreement. The Customer agrees toindemnify and hold QFS harmless from all damages or
liability resulting from the Customer’s failure to notify
QFS’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 QFS at
its home office.
2. REVENUE SHARING DISCLOSURE.
The Customer acknowledges that QFS may enter into
revenue sharing arrangements with or retain the services
any other third-party vendors in connection withtechnology support, back office and operational support
functions relating to the Customer’s Accounts. QFS
reserves the right to enter such compensation or revenue
sharing arrangements any other third-party vendors basedon volume traded, bid/offer pricing or other outsidecommission or revenue sharing models.
G. COMPLIANCE
1. ANTI-MONEY LAUNDERING (AML)PROCEDURES.
The Customer agrees to and acknowledges to comply withany form of verification/due diligence procedures that QFS
may conduct at the time of the opening and throughout theexistence of the Account:a. Identity Verification. To help fight the funding ofterrorism and money laundering activities, QFS is required
to obtain, verify, and record information that identifies
each person who opens an Account with QFS. When the
Customer opens an Account, QFS is required to collectinformation such as the following: 1) Customer’s name; 2)date of birth; 3) permanent address; and 4) identification

number; 5) The Customer’s Tax ID; 6) The Customer’s
proof of wealth; 7) The Customer’s source of wealth. QFS
may verify the Customer’s identifying information by
performing a credit or AML checks or requiring theCustomer to provide identifying documents.
b. Monitoring. QFS may monitor the trading activity in
Accounts to investigate or identify potential money
laundering.
c. Prohibited Banks Verification. QFS is prohibited fromconducting business with the following entities or regions(“Restricted entities or regions”): Banco Delta Asia; VEF
Banka; Commercial Bank of Syria; Syrian LebaneseCommercial Bank; Myanmar Mayflower Bank; Asia
Wealth Bank; Any Burmese, USA or Iran banking
institution, including foreign branches, and any
subsidiaries of the above entities, and from any banklocated in any backlisted or sanctioned jurisdictions. The
Customer may not, directly or indirectly, deposit money
into the QFS trading Account from a Restricted entity or
regions. Nor may the Customer, directly or indirectly,
withdraw money from the QFS trading Account to any
Restricted entity or region. If we become aware that any
Restricted entity or region is associated with a Customer’s
QFS trading Account, we will take appropriate steps toprevent such access, including, where necessary,
terminating the Account. The Customer agrees to receive
funds via another available method, decided at the sole
discretion of the Company, of which the Customer clearly
demonstrates ownership of, to QFS.
2. SECURITY AND CONFIDENTIALITY.
The Customer agrees and acknowledges that the Customer
is the exclusive owner and solely responsible, jointly andseverally if applicable, for the confidentiality andprotection of the Customer’s Account number(s) andpassword(s) that allows the Customer to place on-lineorders and access QFS’s electronic trading systems. The
Customer further agrees that the Customer will be fully
responsible for all activities including brokeragetransactions that arise from the use of the Customer’s
Account number(s) and password(s). the Customer agrees
to indemnify and hold QFS harmless from: if any otherperson utilizing the Customer’s confidential information
provides instructions to QFS that may be contrary to theCustomer’s instructions. The Customer will immediately
notify QFS in writing or by e-mail of any loss, theft or
unauthorized use of Customer’s Account number and/or
passwords.
3. INTELLECTUAL PROPERTY AND
CONFIDENTIALITY.
7

All copyright, trademark, trade secret and other intellectual
property rights in the QFS Online Trading Platform(“Trading Platform”) shall remain at all times the sole andexclusive property of QFS and/or its 3rd party service
providers and the Customers shall have no right or interestin the Trading Platform except for the right to access anduse the Trading Platform as specified herein. The
Customer acknowledges that the Trading Platform are
confidential and have been developed through theexpenditure of substantial skill, time, effort and money.
The Customer will protect the confidentiality of QFS
and/or its 3rd party service providers by allowing access to
the Trading Platform only by its employees and agents ona need-to-access basis. The Customer will not publish,
distribute, or otherwise make information available to third
parties any information derived from or relating to the
Trading Platform. The Customer will not copy, modify,
de-compile, reverse engineer, and make derivative worksof the Trading Platform or in the way it operates.
4. NO ADVICE AND NO RECOMMENDATIONS.
The Customer acknowledges that QFS does not and will
not give investment, legal or tax advice or make trading
recommendations. The Customer acknowledges that QFS
makes no representations concerning the tax implications
or treatment of FX contracts. The Customer agrees that theCustomer is a self-directed investor and all orders enteredare unsolicited and based on the Customer’s own
investment decision or the investment decision of the
Customer’s duly authorized representative. The Customer
agrees that neither QFS nor any of its employees may be
the Customer’s duly authorized representative and that theCustomer will neither solicit nor rely upon QFS or any of
its employees for any such advice. Customer understands
that the Customer is solely responsible for all orders
entered, including but not limited to trade qualifiers, thenumber of trades entered, the suitability of any trade(s),investment strategies and risks associated with each trade,
and will not hold QFS or any of its employees liable forthose investment decisions. The Customer further
understands that QFS does not and will not review theappropriateness or suitability of any transactions
implemented or investment strategies employed in the
Customer’s Account. The Customer hereby agrees to hold
QFS and its officers, directors, employees, agents andaffiliates harmless from any liability, financial orotherwise, or expense (including attorneys' fees anddisbursements), as incurred, as a result of any losses ordamages the Customer may suffer with respect to any suchdecisions, instructions, transactions or strategies employedin the Customer’s Account by the Customer or the
Customer’s duly authorized representative, or as a result ofany breach by the Customer of any of the covenants,
representations, acknowledgments or warranties herein.
5. TRADING RECOMMENDATIONS.
(a) The Customer acknowledges that: (i) any market
recommendations and information communicated to theCustomer by QFS or by any person within the company,
does not constitute an offer to sell or the solicitation of an
offer to buy any FX contract, (ii) such recommendationand information, although based upon information
obtained from sources believed by QFS to be reliable, may
be based solely on a broker’s opinion and that suchinformation may be incomplete and may be unverified;and (iii) QFS makes no representations, warranties orguarantees as to, and shall not be responsible for, theaccuracy or completeness of any such information or
trading recommendation furnished to the Customer. The
Customer acknowledges that QFS and/or its officers,
directors, affiliates, associates, stockholders or
representatives may have a position in or may intend tobuy or sell currencies, which are the subject of market
recommendations furnished to the Customer, and that themarket position of QFS or any such officer, director,
affiliate, associate, stockholder or representative may not
be consistent with the recommendations furnished to theCustomer by QFS.
6. RISK ACKNOWLEDGMENT.
The Customer acknowledges that investments in leveraged
CFD transactions are speculative, involve a high degree ofrisk, and are appropriate only for persons who can assume
risk of loss of their margin deposit. The Customer
understands that because of the margin normally requiredin trading CFDs, price changes in CFDs trading may resultin the loss of the Customer’s margin deposit. The
Customer warrants that the Customer is willing and able,financially and otherwise, to assume the risk of CFD
trading, and in consideration of QFS’s carrying his/her
Account(s), the Customer agrees not to hold QFS
responsible for losses incurred through following its
trading recommendations or suggestions or those of its
employees, agents or representatives. The Customer
recognizes that guarantees of profit or freedom from loss
are impossible in CFD trading. The Customer
acknowledges that Customer has received no suchguarantees from QFS or from any of its representatives or
any introducing agent or other entity with whom theCustomer is conducting his/her QFS Account and has notentered into this agreement in consideration of or inreliance upon any such guarantees or similar
representations.

8

7. RECORDINGS.
The Customer agrees and acknowledges that all
conversations regarding the Customer’s Account(s)between the Customer and QFS personnel may beelectronically recorded with or without the use of an
automatic tone-warning device. The Customer further
agrees to the use of such recordings and transcripts thereof
as evidence by either party in connection with any disputeor proceeding that may arise involving Customer or QFS.
Customer understands that QFS destroys such recordings
at regular intervals in accordance with QFS’s establishedbusiness procedures and Customer hereby consents to such
destruction.
8. SECURITY AGREEMENT.
All monies, securities, negotiable instruments, FX
contracts, off-exchange options and/or other property on
deposit with QFS or its affiliates, in the Customer's
Account, for any purpose, including safekeeping, arehereby pledged with QFS and shall be subject to a security
interest in QFS’s favor for the discharge of all the
Customer's obligations to QFS, irrespective of the numberof Accounts the Customer has with QFS. The Customer
also grants QFS the right to use the above-described
properties and any Account credit to offset against any of
the Customer's obligations to QFS including, but notlimited to, transfers for the purpose of margining, or for
application to negative balance Accounts not promptly
paid, as well as delivery costs and charges.
9. USE OF MONIES.
The Customer hereby also grants to QFS the right topledge, re-pledge, hypothecate, invest or loan, either
separately or with the property of other customers, to itself
or to others, any funds, securities, currencies, and foreign
currency or off-exchange options transactions of the
Customer held by QFS as margin or security. QFS shall at
no time be required to deliver to the Customer the identicalproperty delivered to or purchased by QFS for any
Account of the Customer.
10. TECHNOLOGY AND COMMUNICATIONSISSUES.
QFS and/or its 3rd party service providers provide trading
technology for the Customer’s use in connection with CFD
transactions made by the Customer with QFS. Such trading
technology includes, but is not limited to, the Trading
Platform, web applications, application program interfaces,
software, software code, programs, protocols and displays(collectively “Technology”) for trading, analyzing trades
and markets, and constructing automated trading systems.
QFS provides the Technology “as is,” without any
warranties of merchantability, fitness for a particularpurpose, or other express or implied warranties. QFS will
not be responsible for the operation or performance of any
automated trading system developed with Technology orfor any malfunctions of Technology or for any delays orinterruptions in transmission of orders due to breakdown,
excessive call volume or failure of transmission orcommunication equipment on the Internet or otherwise,
including, but not limited to, communications problems,computer software or hardware breakdowns,
malfunctioning errors, any and all problems or glitches
associated with computer problems or any other technicalcause or causes.
11. FOREIGN ACCOUNTS.
Customers residing outside of Seychelles (” Foreign
Accounts”) may be asked to comply with requests for
special information by QFS as required by any
governmental unit or regulatory agency. This includes, but
is not limited to, special calls for information. In the eventof a special call for information, QFS or its agent shall be
required to obtain the information set forth by any
governmental unit or regulatory agency requesting
information. In addition, failure to respond to a special call
may cause transactions to be prohibited (other thanoffsetting trades) for the Customer. Foreign Accounts must
copy and forward an official form of picture identificationand must provide a bank reference before the Customer isapproved for trading.
12. PRICE, EXECUTION, AND TRADING PLATFORM
MANIPULATIONQFS strictly forbids the Customer to use any device,software, or any other method to manipulate or attempt tomanipulate, take advantage of any price, quote, software,
Trading Platform, electronic system, market gaps, or otherdata feed or interface made available to you by QFS, or tocause the execution of any order at a price that does notthen exist in the market (each such activity a“Manipulation”). QFS reserves the right to investigate andreview the account of any Customer that it suspects ofengaging in any Manipulation and to withhold any funds
that it suspects were derived as the product of such
Manipulation. QFS reserves the right to make any
corrections or adjustments to an account involved in any
Manipulation, including: (a) amending the details of eachaffected transaction to reflect what we may, in our soledetermination, reasonably determine to be the correct orfair terms of such transaction absent Manipulation; (b)reversing or canceling any transaction; and (c) refusing toconduct further business with any Customer. QFS will
resolve any disputes related to any Manipulation in its soleand absolute discretion and may report any incidents of

9

Manipulation to any relevant regulatory or law
enforcement agency.
13. BREACH OF TERMS
QFS reserves the right to make any corrections,adjustments annual any profits made to an accountinvolved in any breach of these terms, including: (a)amending the details of each affected transaction to reflect
what we may, in our sole determination, reasonably
determine to be the correct or fair terms of suchtransactions; (b) reversing or cancelling any transaction;and (c) refusing to conduct further business with any
Customer. QFS will resolve any disputes related to any
breach of terms in its sole and absolute discretion and mayreport any incidents of breach of terms to any relevant
regulatory or law enforcement agency.

H. MISCELLANEOUS
1. BINDING EFFECT.
This Agreement shall be continuous and shall cover,individually and collectively, all Accounts of the Customer
at any time opened or reopened with QFS irrespective of
any change or changes at any time in the personnel of QFS
or its successors, assigns, or affiliates. This Agreement
including all authorizations, shall inure to the benefit of
QFS and its successors and assigns, whether by merger,
consolidation or otherwise, and shall be binding upon the
Customer and/or the estate, executor, trustees,administrators, legal representatives, successors andassigns of the Customer. The Customer hereby ratifies alltransactions with QFS affected prior to the date of thisAgreement and agrees that the rights and obligations of the
Customer in respect thereto shall be governed by the termsof this Agreement.
2. TERMINATION.
This Agreement shall continue in effect until termination,and may be terminated by the Customer at any time when
the Customer has no open position(s) and no liabilities
held by or owed to QFS upon the actual receipt by QFS of
written notice of termination via e-mail, or at any time
whatsoever by QFS upon the transmittal of written noticeof termination to the Customer; provided, that suchtermination shall not relieve either party of any obligations
set out in this Agreement nor shall it relieve the Customerof any obligations arising out of prior transactions enteredinto in connection with this Agreement.
3. ACCEPTANCE.
This Agreement shall not be deemed to be accepted by

QFS nor become a binding contract between the Customer
and QFS until the Customer’s information is verified andapproved by QFS.
4. INDEMNIFICATION.
The Customer agrees to indemnify and hold QFS, itsaffiliates, employees, agents, successors and assigns
harmless from and against any and all liabilities, losses,
damages, costs and expenses, including attorney’s fees,
incurred by QFS arising out of the Customer’s failure to
fully and timely perform the Customer’s responsibilities
herein or should any of the representations and warranties
fail to be true and correct. The Customer also agrees to pay
promptly to QFS all damages, costs and expenses,
including attorney’s fees, incurred by QFS in theenforcement of any of the provisions of this Agreement
and any other agreements between QFS and the Customer.
5. FORCE MAJEURE.
QFS shall not be liable to the Customer for any claims,
losses, damages, costs or expenses, including attorneys’
fees, caused, directly or indirectly, by any events, actions
or omissions, including, without limitation, claims, losses,
damages, costs or expenses, including attorneys’ fees,
resulting from civil unrest, war, insurrection, international
intervention, governmental action (including, without
limitation, exchange controls, forfeitures, nationalizations,devaluations), natural disasters, acts of God, market
conditions, inability to communicate with any relevant
person or any delay, disruption, failure or malfunction of
any transmission or communication system or computer
facility, whether belonging to QFS, the Customer, anymarket, or any settlement or clearing system.
6. TERMS AND HEADINGS.
The term “QFS” shall be deemed to include QFS, itsaffiliates, divisions, successors and assigns; the term
“Customer” shall mean the party (or parties) executing theAgreement; and the term “Agreement” shall include allother agreements and authorizations executed by the
Customer in connection with the maintenance of the
Customer’s Account with QFS regardless of when
executed. The paragraph headings in this Agreement are
inserted for convenience of reference only and are notdeemed to limit the applicability or affect the meaning of
any of its provisions.
7. GOVERNING LAW AND JURISDICTION.
This Agreement, and the rights and obligations of theparties hereto, shall be governed by, construed andenforced in all respects by the laws of the Republic of
Seychelles, without regard to the choice of law principles.

10

8. USE OF QFS’S WEB SITES.
Website refer to any Website operated by QFS’s (or any
additional websites that QFS may register). The Website
provides the Customer with content and information. The
content on the Website is provided as a convenience but
may be inaccurate or outdated. The Customer agrees at all
times to rely upon the Customer’s transaction
confirmations and statements as the official records of the
Customer’s Account. Information is not related
specifically to an Account. Information is financial orinvestment information provided by third parties to QFS
that QFS provides to the Customer, which includes market
data, news, research, financial analysis, commentary, or
tools. The information on the Website is provided fromsources believed to be reliable but cannot be guaranteed.
The information provided on our Website is notcustomized for any Customer and the Customer
understands that the information provided to the Customer
is not a recommendation to the Customer about thesuitability of a purchase and/or sale of any currency. QFS
may without notice to the Customer change, revise,modify, add, upgrade, remove or discontinue any part of
QFS’s Web sites. The Website may include hyperlinks tothird-party web sites. QFS is not responsible for the
information or content provided by such third-party web
sites.
9. MARKET DATA, NEWS AND OTHERINFORMATION.
The Customer agrees that the market data, news and otherinformation available to the Customer through our Web
site is for the Customer’s personal use and that theCustomer will not retransmit or republish this informationin any form without the written consent of QFS.
10. NO WAIVER OR AMENDMENT.
No provision of this Agreement may be waived oramended by the Customer unless the waiver or amendment
is in writing and signed by both the Customer and an
authorized officer of QFS. No waiver or amendment of
this Agreement may be implied from any course of trading
between the parties or from any failure by QFS or its
agents to assert its rights under this Agreement on any
occasion or series of occasions. No oral agreements or
instructions to the contrary shall be recognized as
enforceable. This instrument and the attachments hereto
embody the entire agreement of the parties, superseding
any and all prior written and oral agreements and there areno other terms, conditions or obligations other than thosecontained herein.
11. SEVERABILITY.
This Agreement, any attachments hereto, and the terms

and conditions contained in statements and confirmations,contain the entire agreement between the parties withrespect to the subject matter hereof. If any provision orcondition of this Agreement shall be held to be invalid or
unenforceable by any court, or regulatory or selfregulating agency or body, such provision shall be deemed
modified, or, if necessary, rescinded in order to comply
with the relevant court, or regulatory or self-regulatory
agency or body. The validity of the remaining provisions
and conditions shall not be affected thereby, and thisAgreement shall be carried out as if such invalid or
unenforceable provision or condition was not contained
herein.
12. ACCOUNT TRANSFER AND ASSIGNMENT.
The Customer authorizes QFS to transfer and assign the
Customer’s Account to any legal entity or company
effective after QFS provides the Customer prior written
notice. The Customer may not transfer or assign thisAgreement without QFS’s prior written consent. Any
purported assignment by the Customer in violation of thisprovision is null, void and unenforceable.
I. RISK DISCLOSURE STATEMENT.
1. Trading in margined CFD products involves a highdegree of risk including the risk of loss of the Customer’s
entire Risk Capital deposited with QFS. Losses, in somecases, have the potential to extend beyond the Customer’s
Account Value. In consideration of QFS agreeing to enter
into CFD Contracts with its Customer(s) for this Account,
QFS requires all the undersigned Customer(s) to analyze
their financial objectives, financial status, investment
constraints and tax situation to determine whether CFD
trading is suitable. In addition, we require our Customers
to carefully read and acknowledge the QFS Risk
Disclosure Statement that outlines without limitation therisks associated with trading margined CFD through QFS.
By signing this Agreement, the Customer understands andagrees that:
2. OTC Margined CFD Trading involves a high amount ofrisk and is highly speculative. The Customer(s) agrees thatthey are in full understanding and willing to assume thelegal, economic, and other risks associated with the tradingin margined CFD and are willing and able to assume theloss of their entire Risk Capital, defined as those funds,
that if lost, would not change your lifestyle or yourfamily's lifestyle. As such, they further agree that margined
CFD trading is not suitable for Retirement Funds. QFS
encourages Customers to closely manage outstanding open
positions and to use prudent money management
precautions such as, but not limited to, Stop Loss Orders.
11

3. Excessive leverage available with Margined CFD canlead to quick losses. The Customer(s) agrees that using ahigh degree of leverage, defined as the use of a small
amount of capital to control a larger amount of an Open
Position, can result in large losses due to a price change(s)of open CFD Contract(s) with QFS. QFS provides leverageon most financial products for most customers. QFS
encourages its Customers to use only that portion ofleverage that the Customer is most comfortable with and touse money management precautions such as, but notlimited to, Stop Loss Orders for the purpose of limitingrisk. QFS reserves, at its sole discretion, the right to reduceor increase the amount of leverage given on any Currency
Pair at any time and without notice.
4. CFD trading experiences periods of liquidity risk. The
Customer acknowledges that Liquidity Risk, resulting
from decreased liquidity of a CFD product, is usually due
to unanticipated changes in economic and/or politicalconditions. The Customer also acknowledges that
Liquidity Risk can affect the general market in that all
participants experience the same lack of buyers and/or
sellers. The Customer also understands that liquidity risk
can be QFS specific due to changes in liquidity available
to QFS from an QFS Custodian of funds interbank
liquidity providers or specific to retail CFD market makers
due to a perception that the risks of the market segment has
increased. When liquidity decreases, Customers can
expect, at the minimum, to have wider bid to ask spreads
as the supply of available bid/ask prices, outstrips thedemand. Decreases in liquidity can also result in "FastMarket" conditions where the price of a currency pairmoves sharply higher or lower or in a volatile up/down
pattern without trading in an ordinary step-like fashion. In
some instances, there may exist the possibility that a
trading bid and/or ask price for a CFD product are notavailable (a situation where there is no liquidity). Although
there may be instances when the aggregate OTC CFD
market enters a "Fast Market" situation or periods whereliquidity is in short or no supply, it is important to note
that, QFS prices, bid/ask spreads and liquidity will reflect
the prevailing interbank market liquidity for QFS. QFS can
Liquidate Positions of the Customer that do not haveadequate margin: Because of the leverage available withOTC Margined CFD Trading and the potential for extreme
volatility, an QFS Custodian of funds reserves the sole
discretionary right to liquidate Customer’s Account(s)should the Margin in the Account not be sufficient to cover
the potential risk of loss. QFS graphically shows the
Customer’s Liquidation Level on the Customers QFS
Margin Monitor. Should the Customer’s Account value go
below the free of programming bugs that can cause

trading, position keeping or any other required
functionality of the Trading Platform and other relevant
software applications associated with QFS including but
limited to clearing, market making and escrow Accountsoftware, from becoming inoperable or without errors.
5. There is a Communication Risk that the Customer
assumes. Although QFS will have qualified representatives
available on the telephone during business hours, a
representative may become unavailable due tocommunication or other malfunction, or high call volume.
The Customer acknowledges and agrees that they will holdharmless QFS for any loss or missed trading opportunity
resulting from any communication problems the Customer
may encounter.
6. QFS does not take responsibility for Money Managers
or any third-party method that is making trading decisions
on the Customer’s account. Should a Customer grant athird-party discretionary trading authority or control over a
Customer’s Account, the Customer acknowledges that
QFS does not take any responsibility for any action doneby that Third Party on the Customer’s behalf. The
Customer agrees to notify QFS of any third-party that isaccessing or operating the Account, failure to do so will be
construed as a breach of these terms The Customer grants
the third-party trading authority for the Customer's
Account at it sole, and full risk. QFS reserves the right tocorrect any transactions executed on misquoting errors: In
the case when a quoting error occurs that results in a
Customer transaction done at an off-market price, QFS
reserves the sole discretionary right to make the necessary
corrections and adjustments to the Customer’s Account
whether it be in the favor of the Customer or not in the
Customer’s favor. Any change will be reported to theCustomer either verbally or via an electronic method suchas but not limited to email.
7. All Market Recommendations made by QFS or any
representative of QFS are for informational purposes only.
Any decision by the Customer to buy or sell a CFD
product is an independent decision by the Customer.
Market recommendations made by QFS or a representativeof QFS do not constitute an offer to sell or buy any
Foreign Currency pair from QFS or from any other sourcethat may provide straight-through processing prices to theCustomer. QFS and its employees are not investment
advisor(s) and have no fiduciary duty to Customer andtherefore is not liable for any losses incurred by the
Customer as a result of information or any
recommendations made by QFS or representative of QFS.
Customer is at Risk if QFS should go out of business.
There is no guarantee that QFS as a business will be
12

profitable. Consequently, there exists a credit risk that QFS
may be subject to losses, which could, in turn, jeopardize
the capital that the Customers have in their Accounts.
Customer acknowledges that in the event of insolvency,
the Customer can only look to QFS for performance andreturn of all Collateral and Margin that the Customer may
have at QFS.
8. QFS may decide to exit the FX Business. As a result, theCustomer agrees and acknowledges that QFS may
liquidate all Customer positions and return margined funds
to the Customer at the sole discretion of QFS, at any timeand for any reason. The Customers do not hold QFS liable
for any loss as a result of liquidation of the Customers
position either on an actual basis or as a result of missed
profit opportunities.
9. Customers are responsible for any reporting errors. Any
reporting and confirmation errors of omission, and/or
errors in details of transactions including but not limited tothe price contracts were executed, the currency pair traded,
the market direction (i.e., ”buy” or “sell”) of order, thetype of order and/or any errors in fees, charges or credits to
the Customer’s Account including but not limited tocharges for executing a transaction, wiring funds, rollingover position, and sweeping foreign currency balances into
the home currency, require that the customer notify QFS
immediately upon discovery for review. In addition, theCustomer is responsible to submit any errors in writing to
QFS and send the complete details to Attn: Quantix FS
Ltd, Office 3, Suite C, Second Floor, Orion Mall, Palm
Street, Victoria, Mahe, Seychelles. Notice shall be deemed
received only if delivered or mailed by registered mail to,
return receipt requested.
10. Risks from trades done using chat communication
devices. QFS may utilize an electronic conversational
application or other similar chat application for thecommunication and execution of some market orders.
Trades done using chat applications or the telephoneshould only be done if the Customer cannot execute using
the Trading Platform. Although currently not planned,
QFS reserves the right to charge a commission for trades
done over chat applications. Should QFS charge acommission for chat application trades, it will be reported
on the QFS Website and be reflected as a line item debit inyour QFS Account Reports. All trades and charges done
via chat applications are final. Neither QFS nor third party
chat application provider is responsible or liable if theelectronic logs of the electronic conversations are erased ornever recorded because of error, omission or any reason.
QFS is also not liable should User Name, Password andAccount information be obtained knowingly orunknowingly by a Third Party and as a result, trades donein the name of the Customer without his or her knowledge
or authorization.
11. QFS has limited liability. The Customer agrees andacknowledges that QFS shall not be liable to the Customer
for any claims, losses, damages, costs or expenses,
including attorneys’ fees caused directly or indirectly by
any events, actions or omissions, without limitation,
claims, losses, damages, costs and expenses, including
attorney’s fees, resulting from civil unrest, war,
insurrection, international intervention, governmental
action) including, without limits, exchange controls,
forfeitures, devaluations and nationalizations), natural
disasters, acts of God, market conditions, communication
problems or any delay, disruption, failure of any
transmission or communication system or computer
hardware or software application whether supplied andbelonging to QFS or from a third party vendor that theCustomer and QFS relies on to conduct execution andreporting services.
12. Effect of "Leverage" or "Gearing". FX contracts carrya high degree of risk. The amount of initial margin is small
relative to the value of the FX contract so that transactions
are “leveraged” or “geared”. A relatively small market
movement may have a proportionately larger impact on thefunds Customer has deposited or will have to deposit. This
may work against the Customer as well as for the
Customer. The Customer may sustain a total loss of initial
margin funds and any additional funds deposited with thefirm to maintain the Customer’s position.
13. Risk-reducing orders or strategies. Placing contingent
orders, such as “stop-loss” or “limit” orders, particularly involatile market conditions, will not necessarily limit
Customer’s losses to the intended amounts, since market
conditions may make it impossible to execute such orders.
Strategies using combinations of positions, such as“spread” and “straddle” positions may be as risky as taking
simple “long” or “short” positions.
14. Charges. Before the Customer begins to trade, theCustomer should obtain a clear understanding of all
charges for which the Customer may be liable. Thesecharges will affect the Customer’s net profit (if any) or
increase the Customer’s loss.
15. Electronic trading. Trading on an electronic trading
system may differ not only from trading in an open-outcry
market but also from trading on other electronic trading
systems. If the Customer undertakes transactions on anelectronic trading system, the Customer will be exposed to13

risks associated with the system including any failure of
hardware and software. The result of any system failure
may be that the Customer’s order is either not executed
according to the Customer’s instructions or not executed atall. Since QFS does not control signal power, its reception
or routing via Internet, configuration of the Customer’sequipment or reliability of its connection, QFS cannot be
responsible for communication failures, distortions ordelays when trading on-line (via Internet). In no event
shall QFS be liable for speculative or expectancy damages
for potential future lost profits.
16. Limitation of liability. The Customer accepts any
trading system provided by QFS "as is," and without
warranties, express or implied, including, but not limited
to, the implied warranties of merchantability or fitness fora particular use, purpose or application; timeliness;
freedom from interruption; or any implied warranties
arising from trade usage, course of trading or course of
performance. Under no circumstances shall QFS be liable
for any punitive, indirect, incidental, special orconsequential loss or damages, including loss of business,
profits or goodwill. QFS shall not be liable to theCustomer by reason of delays or interruptions of service ortransmissions, or failures of performance of QFS’s or its
affiliate systems, regardless of cause, including, but notlimited to, those caused by hardware or software
malfunction; regulatory action; acts of god; war, terrorism,or our intentional acts. The Customer recognizes that there
may be delays or interruptions in the use of our system,
including, for example, those caused intentionally by QFS
for purposes of servicing the system. QFS does notguarantee that alternative trading arrangements will beavailable at a particular time and QFS will not be held
liable for delays in entering an order.
17. Margin. QFS’s margin policies require that theCustomer’s Account be properly margined at all times.
Failure to meet margin requirements may result in theliquidation of any open positions with a resultant loss. QFS
reserves the right to liquidate all positions without notice if
an Account falls below the Customer’s minimum margin
requirement, in accordance with QFS’s margin call policy.
18. Quoting errors. Should quoting errors occur, which
may include, but are not limited to, a mistype of a quote by
QFS, a quote which is not representative of fair market
prices, an erroneous price quote from a QFS employee,such as but not limited to a wrong big figure quote or anerroneous quote due to failure of hardware, software orcommunication lines or systems and/or inaccurate external
data feeds provided by third-party vendors, QFS will not
be liable for the resulting errors in Account balances. The

foregoing list is not meant to be exhaustive and in theevent of a quoting error, QFS reserves the right to makethe necessary corrections or adjustments on the Accountinvolved. In the event of a system error where interest is
not charged or credited as scheduled, QFS reserves theright to apply the missed interest to the Account at any
time.
19. Third-Party Authority. In the event that a Customer
grants trading authority or control over Customer’s
Account to a third-party trading advisor, such as a Money
Manager, or an automated trading program, whether on adiscretionary or non-discretionary basis, QFS shall in noway be responsible for reviewing the Customer’s choice ofsuch trading advisor, or for making any recommendations
with respect thereto. The Customer agrees to notify QFS of
any third-party that is accessing or operating the Account,
failure to do so will be construed as a breach of theseterms. QFS makes no representations or warranties
concerning any trading advisor; QFS shall not be
responsible for any loss to the Customer occasioned by theactions of the trading advisor; and QFS does not, by
implication or otherwise, endorse or approve of theoperating methods of any trading advisor. If the Customer
gives a third-party authority to exercise any rights over the
Customer’s Account, the Customer does so at theCustomer’s own risk and the Customer should regularly
review the activity in Account to ensure that the Customer
approves of the transactions placed on Customer’s behalfby the third-party as approved by the Customer.
20. Disclosure Regarding Bankruptcy Protections. The
transactions the Customer is entering into with QFS are nottraded on an exchange. Therefore, the Customer’s funds
may not receive the same protections as funds used tomargin or guarantee exchange-traded futures and options
contracts, which receive a priority in bankruptcy. Since
that same priority has not been given to funds used for offexchange trading, if QFS becomes insolvent and theCustomer has a claim for amounts deposited or profits
earned on transactions with QFS, the Customer’s claim
may not receive a priority. Without a priority, theCustomer is a general creditor and the Customer’s claim
will be paid, along with the claims of other generalcreditors, from any monies still available after priority
claims are paid. Even customer funds that QFS keeps
separate from its own operating funds may not be safe
from the claims of other general and priority creditors.
21. Volatile Market Conditions. Trading during times ofextraordinarily volatile market conditions, e.g. key news
announcements may expose the Customer to additionalrisks, including the risk that the Customer may not get the14

price him or her requests. QFS cannot and does notguarantee its prices in times of abnormal market conditions
or volatility.
22. Simulated Conditions. Simulated conditions may differ
from real conditions. Therefore, Customers who trade on
demo Accounts should not necessarily expect the same
results from live trading.
23. Referring Parties. IF YOU WERE REFERRED TO
QFS BY AN INTRODUCING BROKER, REFERRING
PARTY OR THIRD-PARTY ADVISOR (EACH, AN“IB”), PLEASE BE ADVISED THAT QFS AND YOUR
IB ARE WHOLLY SEPARATE AND INDEPENDENTFROM ONE ANOTHER AND THERE EXISTS NO
JOINT VENTURE OR PARTNERSHIP RELATIONSHIPBETWEEN THE PARTIES. ADDITIONALLY,
NEITHER IB NOR ANY OTHER EMPLOYEE OR
AGENT OF IB IS AN AGENT OR EMPLOYEE OF QFS.
a. QFS does not control and cannot endorse or vouch forthe accuracy or completeness of any information or advice
a Customer may have received or may receive in the futurefrom the Customer’s IB or from any other person not
employed by QFS regarding Forex trading or the risks
involved in such trading.
b. QFS provides risk disclosure information to all new
Customers when they open Accounts. The Customer
should read that information carefully and should not relyon any information to the contrary from any other source.
c. The Customer acknowledges that no promises have been
made by QFS or any individual associated with QFS
regarding future profits or losses in the Customer's
Account. Customer understands that Forex trading is veryrisky, and that many people lose money trading.
d. If an IB or any other third party provides the Customer
with information or advice regarding financial market
trading, QFS shall in no way be responsible for any loss to
the Customer resulting from Customer's use of suchinformation or advice.
e. To the extent the Customer has previously been led tobelieve or believes that utilizing any third-party trading
system, course, program, research or recommendations
provided by IB or any other third party will result in
trading profits, the Customer hereby acknowledges, agrees
and understands that all Forex trading, including trading
done pursuant to a system, course, program, research orrecommendations of IB or another third party involves asubstantial risk of loss. In addition, the Customer herebyacknowledges, agrees and understands that the use of a
trading system, course, program, research orrecommendations of IB or another third party will notnecessarily result in profits, or will avoid losses or limit
losses.
f. Because the risk factor is high in foreign currency
trading, only genuine risk capital should be used in suchtrading. If the Customer does not have capital which theCustomer can afford to lose, the Customer should not trade
the financial markets.
g. The Customer understands and acknowledges that QFS
may compensate the Customer’s IB for introducing theCustomer to QFS and that such compensation may be on a
per-trade basis or other basis.
h. The Customer understands and agrees that if the
Customer's Account with QFS is introduced by an IB, thatIB shall have limited access to information regarding theCustomer’s QFS Account, but the IB shall not have theright to enter into any trades on the Customer's Accountunless authorized by the Customer under a power ofattorney between the Customer and IB granting such IB
the right to trade on the Customer's Account.
i. The Customer understands and acknowledges that theCustomer may have only one IB, a party that originallyreferred the Customer to QFS.
j. the Customer may terminate the relationship with an IB
by providing written notice to QFS. The Customer
understands and acknowledges that the Customer cannot
be considered the Customer of any other IB. Should you
have any questions regarding the risks of trading in foreign
currency; please contact your Account representative.
24. PRIVACY POLICY.
Information Collected by QFS. The categories ofnonpublic personal information which QFS shall collectinclude: (1) information provided by the customer when
opening an Account, or to process a transaction, such as
name, address, assets, bank information, prior trading
experience, etc.; (2) information used to verify the identityof the customer, including copies of government issued
identification materials such as passports, drivers licenses,
and credit reports; (3) Information resulting fromtransactions between the customer and QFS or an affiliate
of QFS, such as withdrawal and deposit forms; (4)Information derived from customer’s navigation and usageof QFS’s website and online platforms, including Accounttrading statements.

a. Information Disclosed by QFS and To Whom QFS
Discloses the Information. QFS does not share nonpublicpersonal information about current or former to anyone,
except as permitted by law. For example, QFS may
provide information to non-affiliated third parties, as
permitted by law, in providing financial services to you.
This includes a consumer reporting agency that prepares
your credit report. Furthermore, QFS may provide
information, as permitted by law, to government or
regulatory agencies and to comply with a legal summons,court order, subpoena or a similar legal process, audit orinvestigation. We may also disclose your nonpublicpersonal information if you authorize such disclosure.
b. Confidentiality and Security Procedures. Only those
personnel for whom the information is necessary tocomplete a given transaction shall possess the authority toaccess the information. QFS, its personnel, and its
affiliates shall strictly adhere to security practices andprocedures to ensure the confidentiality of its customers’
information. QFS maintains numerous safeguards thatcomply with Federal regulations to guard your nonpublicpersonal information. QFS will continue to protect theprivacy of former customers’ nonpublic personal
information in the same manner as when they were
customers. Unlike continuing customers, however, former
customers will not receive annual privacy notices. QFS
will provide a notice of our privacy policy annually, as
long as the customer maintains an Account with QFS. QFS
reserves the right to make changes to this policy. This
policy may always be reviewed on the Website.
J. CONSENTS AND FURTHER AGREEMENTS
1. CONSENT TO ELECTRONIC TRANSMISSION OF
CONFIRMATIONS & ACCOUNT STATEMENTS. The
Customer hereby consents to have the Customer’s Accountinformation and trade confirmations available on theInternet, in lieu of having such information delivered to theCustomer via mail or e-mail, as specified in paragraphslabeled “Statements and Confirmations” and“Communications” of the Customer Agreement.
2. AUTHORIZATION TO TRANSFER FUNDS.
The Customer hereby agrees that QFS may, at any time, inthe sole discretion of QFS, apply and transfer funds fromany of the Customer’s Accounts to any of the Customer’sother accounts, whether held at QFS or other approved
financial institutions, any of the Contracts, currencies,
securities or other property of Customer held either
individually or jointly with others to another account.
3. AGREEMENT TO USE COLLATERAL.

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The Customer authorizes QFS to sell, pledge,
rehypothecate, assign, invest, commingle and otherwise
use any Collateral held by QFS, including, but not limited
to, using the Contracts as collateral for a loan to QFS, and,further trading with the Collateral, as provided in the
Customer Agreement (including, but not limited toParagraph 6 thereof). Where the Customer’s Accountconsists of more than one Account, this authorization shallapply to all of Customer’s Accounts with QFS. This
Agreement to Use Collateral shall remain in effect so longas the Customer’s Account with QFS remains open or the
Customer has any obligations of any kind to QFS, under
the Customer Agreement.

law, neither a party nor an arbitrator may disclose theexistence, content, or result of any arbitration hereunderwithout prior written consent of both parties. The award
shall be made within nine months of the filing of the noticeof intention to arbitrate (demand), and the arbitrator(s)shall agree to comply with this schedule before accepting
appointment. However, this time limit may be extended byagreement of the parties or by arbitrator(s) if necessary.
QFS shall pay any incremental fees that may be assessedby a qualifying forum for provision of a mixed panel,
unless the arbitrators in a particular proceeding determinethat the customer has acted in bad faith in initiating or
conducting the proceeding.

4. TAX ID CERTIFICATION.
The Customer hereby certifies, under penalty of perjury,that (1) the number provided on the Customer Application,or as requested by QFS, is the Customer’s correct
Taxpayer Identification Number and (2) the ownership, or
beneficiary, of Customer’s Account is not subject towithholding.

K. TRADING RULES AND PROCEDURES.
The following Trading Rules and Regulations combinedwith the QFS, Customer Agreement, Promotions Terms
and Conditions, user guides and trading policy document
will outline procedures and policies regarding trading andsetting up an Account with QFS. All Customers are
required to read, understand and adhere to these rules andregulations. QFS reserves the right to change any rules orregulations at its sole discretion and at any time.

5. ARBITRATION AGREEMENT.
Any dispute, claim or controversy between the Customer,
on one hand, and QFS and/or its officers, directors, agentsor employees, on the other hand, arising out of or relating
to the Customer Agreement, Customer’s Account with
QFS or any other trading between the Customer and QFS
shall be resolved by binding arbitration. Any dispute
between the the Customer and QFS shall be resolved by
the International Centre for Dispute Resolution (“ICDR”),
in accordance with the International Arbitration Rules in
effect at the time such arbitration is commenced. The
award in such arbitration proceeding shall be final andbinding, and may be entered in any court having
jurisdiction thereof. The Customer and QFS agree to takeall steps and execute all documents necessary for the
implementation of arbitration proceedings. All statutes oflimitations applicable to any dispute apply to any
arbitration between the Customer and QFS. The provisionsof this Arbitration Agreement shall survive termination,
amendment or expiration of the Customer’s Accountrelationship or the governing QFS Customer Agreement or
any other relationship between the Customer and QFS.
Either the Customer or QFS may require the submission of
the dispute to binding arbitration at any reasonable time,notwithstanding that a lawsuit or other proceeding hascommenced. Neither the Customer nor QFS shall beentitled to join or consolidate disputes by or against others
in any arbitration, or to include in any arbitration any
dispute as a representative or member of a class, or to act
in any arbitration in the interest of the general public or ofa private attorney general. Except as may be required by
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1. TRADING HOURS:
a. The QFS normal trading week begins at 22:00 GMT(21:00 GMT saving daylight) on Sunday and ends at 22:00
GMT (21:00 GMT saving daylight) on Friday (times are
subject to change.)
b. QFS will announce and display on a best-efforts basis aholiday schedule on the Website when trading will not takeplace.
c. In the event of a holiday, QFS may pre-announce thestart-up time when trading will resume in advance anddisplay the information on the Website.
d. QFS reserves the right at its sole discretion to conduct
special technical maintenance times when trading
electronically may not be available.
2. DEPOSIT AND ACCOUNT INFORMATION.
a. Deposits can be made via a wire transfer. Funds are notavailable for trading until they clear at the bank and posted
to the Customer’s trading Account (please see PAYMENTINSTRUCTIONS below).
b. All transfer fees such as wire transfer fees into and outof the Account will be debited to the Customer’s trading
Account as they occur.

c. In instances where the Customer is closing an Accountwith instructions to wire the remaining balances, the wiretransfer fee will be deducted from the Final AccountBalance forwarded to the Customer.
d. All deposits are accepted in USD and EUR. Customers
from foreign countries have the option to fund in thesecurrencies or convert any other currency into USD before
wiring to the QFS clearing bank or wire any unsupported
currencies to our clearing bank at which point our clearing
bank will convert the balances into USD at their current
conversion rate for that currency.
e. A minimum deposit of 100 is required to open an
Account with QFS.
f. Before any payment from an Account is made, theCustomer may be required to mail a Funds Withdrawal
Form to:
Quantix FS Ltd.
Office 3, Suite C, Second Floor, Orion Mall, Palm Street,
Victoria, Mahe, Seychelles. Or submit an electronic
Withdrawal request from within the Customer’s accountprofile.
h. Under NO CIRCUMSTANCES will QFS accept apayment or deposit into an Account by a person or entity
other than the person or entity whose name appears on the
Account.
i. Under NO CIRCUMSTANCES will QFS make payment
to a person or entity other than person or entity whosename appears on the Account.
j. Under NO CIRCUMSTANCES will QFS transfer funds
from one Account with QFS to another Account at QFS
with different Account Authorization information.
3. PAYMENT INSTRUCTIONS.
All wired payments should be made to QFS bank accounts
as it appears on QFS systems and/or websites.
4. LIQUIDATION LEVEL.
QFS reserves the right to automatically liquidate theposition and the Customer will be responsible for all losses
as a result of the liquidation. QFS reserves the right tochange the Liquidation Level at its sole discretion.
5. Prices from QFS are independent of prices foundelsewhere. The Customers acknowledge that the prices
reported by QFS for buying and selling currency pairs are
independent and can differ from the prices displayedelsewhere or from other liquidity providers in theinterbank market. Differences can result from, but are not
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limited to, changes in liquidity from interbank market
makers to QFS, an unbalanced position or exposure incurrency pairs at QFS, or differing expectations of pricemovements in currency pairs by QFS. QFS expects that inmost cases the prices provided to its Customers will be inline with the general interbank market but does not warrant
or imply that this will always be the case.
6. Rollover rates for open positions of currency pairs are
determined by QFS and are independent of prices foundelsewhere in the Interbank market. The Customer
acknowledges that all existing Spot Open Positions thatremain open over the end of business day for QFS, definedas 22:30 - 23:30 GMT (subject to be changed), areautomatically rolled over to the next available Spot
Settlement Date at a net debit or credit to the Customer(s)Account as determined by spot interest rates determinedsolely by QFS. Rollover debits and credits are also
influenced by the number of days that the position has tobe rolled. For positions that need to be rolled from a spot
settlement date (value date) of Friday to Monday, the debit
or credit will reflect rollover from Friday to Monday or
three business days. For rollovers from Monday to
Tuesday, Tuesday to Wednesday, Wednesday to Thursday
and Thursday to Friday, the rollover debit or credit is for
only one business day. If there is a holiday and QFS isclosed, the rollover would take into consideration theholiday. For example, if Tuesday is a holiday, rollovers
from Monday will be for two (2) business days (i.e. from
Monday to Wednesday). Since rollover debits and credits
are determined by the respective short-term spot interest
rates of the respective currencies that make up a currency
pair, a large spread from one currencies rate in relation toanother’s can cause a large debit or credit rollover amount.
This spread can result, but is not limited to, a countries
tightening of credit conditions in order to dissuade
speculators from shorting a currency versus another. Yearend and quarter-end periods can also cause unusual spikes
in short- term interest rates that may cause temporary
spikes in rollover debits and credits. Customers
acknowledge that there exists a rollover risk to currency
positions. QFS will display the rollover debits or credits
for the respective currencies pairs in the QFS application
and automatically update Customer Reports to reflect the
cash flow. QFS reserves the right to change the credits ordebits at its sole discretion if the original amounts are in
wrong due to an error or omission.
7. Sweep rates for currency balances other than USD are
determined by QFS and may be independent of prices
found elsewhere in the Interbank market. Profits that arecalculated in a foreign currency are “swept” into dollarswhen the open positions are closed and the Profit and Lossrealized.
8. There is No Guarantee that QFS will be able to executestop loss orders, limit orders or OCO Orders at theCustomer Entered Price. The Customer acknowledges andagrees that there may be market, liquidity or otherconditions that will prevent QFS from executing
Customer’s specific Stop Loss Orders, Limit Orders or
OCO Orders at the Customer designated price. In somecases, the orders will be executed at prices that are lessfavorable to the price entered and desired by the Customer.
The Customer acknowledges and agrees that they are still
responsible for trades executed at levels different fromtheir orders and that QFS is not liable for failure to do so.
9. There is a technology risk inherent in trading online or
via a software application. Although QFS has invested a
lot of resources developing, testing, configuring andintegrating the Trading Platform and other relevant
software and hardware, the Customer acknowledges andagrees that QFS does not guarantee that the Customer will
be able to successful execute transaction, monitor theirpositions, or perform other essential tasks of QFS while
using the public Internet and other technology from QFS
or from third party vendors known or not known for which
QFS may rely on. QFS cannot control, without limitation,
the routing, Internet connectivity, reliability of customer or
QFS equipment, network connections or any othertechnology hardware malfunction caused by QFS
hardware, hardware and connectivity that makes up the
public Internet, or hardware at the Customers location. Nordoes QFS guarantee, although all effort has been made to
the contrary, that the Trading Platform and Associated
Back Office and Broker Software Interfaces nor any othercode or application including but not limited to theinterface with QFS liquidity provider(s) or the interface
with the escrow Account institution or other technology
application that would come under the heading software,are error-free and would not lead to communications
problems, computer software or hardware breakdowns,
malfunctioning errors, and any and all problems or glitches
associated with computer problems or any other technicalcause or causes . Customer acknowledges and agrees that
QFS provides Trading Platform and Associated Back
Office and Broker Software Interfaces “as is,” without any
warranties of merchantability, fitness for a particularpurpose, or other express or implied warranties.
10. Customer’s Orders cannot be revoked once given. QFS
may, at its sole discretion, allow full or partial amendmentof such only in exceptional circumstances as solely
determined by QFS.
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11. QFS has the right at its sole discretion to increase or
decrease spreads and/or leverage, control maximum orderamounts and limit a Customer’s total exposure.
12. Stop Loss, Take Profit, and Limit Orders on the QFS’s
financial instruments, will be executed at the price declaredby the Customer on the first current price touch or undercertain market conditions, the order might not be executedat the declared price but at the next best price. Where thereis technical failure either to the trading platform or financial
tools or otherwise QFS reserves the right either to offer adifferent opening/closing price or, not to execute the Order.
QFS is not obliged to give reasons or notice as to the reasonsfor suspending, declining or cancelling Customer’s
instructions. Additionally, if QFS does decide to suspend orcancel an instruction, such will not affect any obligations
owed by the Customer to the Company or any right of theCompany against the Customer or his/her assets.
13. QFS has a discretionary right to close positions fromthe most unprofitable where the Margin is less than 5%.
QFS reserves the right from time to time to increase
margin requirements for all financial instruments offeredby QFS prior to QFS announcements or where market
conditions require such increases. Customer’s open
positions may be subject to forced liquidation and theCustomer may suffer significant loss in the case of failure
to fulfil such requirements on time.
14. Financial instruments that have an expiration date, if
are not closed prior to the expiration date, then QFS will
forcibly close them at the last available price.
CUSTOMER’S DECLARATION
1. The Customer declares that S/He is over 18 and to thebest of his knowledge and belief, the information provided
in Personal Questionnaire, and any other documentation
supplied in connection with the application form, iscorrect, complete and not misleading and he will inform
QFS of any changes to the details or information entered in
the Personal Questionnaire.
2. The Customer agrees that any breach of the terms listed
herein will be construed as a material breach. QFS, at its
absolute discretion reserves the right to terminate, close orsuspend all accounts, cancel any/all orders and annul all
profits gained.
3. The Customer declares that S/He is complying with therestrictions / policies, stipulated in QFS’s Website.
4. The Customer declares S/He accepts to be notified
regarding the financial instruments that have an expiration

date via the platform/ email / or any other method theCompany may find fit. Furthermore, the Customer accepts
full responsibility to be informed and always updated.
5. The Customer declares that S/He can legally register
under the laws applicable in their country of residence andunderstands QFS is not responsible to identify aCustomer’s eligibility in any jurisdiction.
6. The Customer declares full and sole responsibility of his
account’s activity; any communication between the
Customer and QFS’s representatives, any market reviews,
fundamental and technical analysis provided are only for
informative purposes and no liability can fall under theCompany.
7. The Customer declares that S/He agrees to follow thecomplaint procedure provided by the Company and if QFS
has failed to satisfy the Customer S/he may proceed withlegal proceedings.

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