1. INTRODUCTION

1.1 This Client Agreement (“Agreement”) is entered by and between LSZ Digital Exchange Ltd hereinafter called “the Company” or “LSZ Digital Exchange Ltd ”) and the Client who has completed the online registration form with the title “Complete your Profile”.

1.2 LSZ Digital Exchange Ltd Ltd is a company registered in the Cayman Islands with Company Registration Number 336497.

1.3 This Client Agreement, the Terms of Business, the Risk Disclosure, the Complaints Management Policy, the Policy Statement, the Regulations for Non-Trading Operations, the Information on Anti–Money Laundering, the Agreement for Market Data Display Services, the Cookie Policy, (collectively, the “Operative Agreement” or “Agreements”), as well as any other document located in the “Policies and Regulation” section of the Website as these may be amended or supplemented from time to time, constitute the entire agreement between the Company and the Client. The Operative Agreements, as amended from time to time, set out the terms upon which the Company shall deal with the Client in respect of Instruments. By entering into this Agreement, the Client accepts and consents to the said agreements and policies.

1.4 The Operative Agreements shall govern all trading activity and non-trading operations of the Client with the Company and shall be read carefully by the Client. Amongst other things, they set out those matters which the Company is required to disclose to the Client under the applicable regulations.

1.5 The defined terms used in this Agreement are set out in Appendix A (“Interpretation of Terms”).

2. COMMENCEMENT

2.1 The Operative Agreements shall commence on the date on which the Client receives notice from the Company following Clause 3.1 and shall continue unless or until terminated by either party following clause 19.

2.2 This Agreement is an initial service agreement which relates to a series of successive or separate operations including, without limitation, Transactions in Instruments.

2.3 The Company is not to be required to (and may be unable to under Applicable Regulations) accept the Client as a Client until all documentation it requires has been received by the Company, properly and fully completed by the Client.

2.4 The Client may cancel/terminate the Agreement on a mutual basis. The Client and the Company may terminate their relationship by the means of both parties’ communication via email for any termination.

3. THE SERVICES WE PROVIDE

3.1 LSZ Digital Exchange Ltd employs its Account Executives and contracts with Authorized Service Providers (“ASPs”), Broker Representatives (“BRs”) and Account Executives to perform such services on a fee basis. These Broker Representatives and Account Executives are available to assist you in placing LSZ Digital Exchange Ltd Transactions orders in your account with LSZ Digital Exchange Ltd .

The market recommendations, if any, of any such entities are based solely on their judgment, and are not to be imputed to LSZ Digital Exchange Ltd . These market recommendations may or may not be consistent with the market analysis, positions, or intentions of LSZ Digital Exchange Ltd or its affiliates and employees. Any such market recommendations cannot constitute a guarantee of the accuracy or completeness thereof or eliminate the substantial and inevitable risks inherent in LSZ Digital Exchange Ltd Transactions. Any such market recommendations of, or information provided by, an ASP or BR does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Currency position. Since the ASP or BR is compensated on a commission basis, they may have the incentive to recommend to you a volume of LSZ Digital Exchange Ltd Transactions that may not be in your best interests.

3.2 LSZ Digital Exchange Ltd does not permit an ASP, BR or any other person, to either exercise discretion over or manage a LSZ Digital Exchange Ltd Transactions Account, or hold a power of attorney over a LSZ Digital Exchange Ltd Transactions Account, unless approved, in advance by LSZ Digital Exchange Ltd , and only after proper documentation, in the form of the Limited Power of Attorney, Trading Authorization and Risk Disclosure contained in this booklet (the “Trading Authorization”), has been submitted to and approved by LSZ Digital Exchange Ltd in its sole and absolute discretion. Any such approval of a Trading Authorization shall involve no attempt by LSZ Digital Exchange Ltd to evaluate the suitability of the holder of the Limited Power of Attorney thereby granted to act as trader’s attorney-in-fact concerning the Account, and LSZ Digital Exchange Ltd shall in no way be responsible for the actions or recommendations taken or made by any such attorney-in-fact. If the trader’s Account is not being traded with the trader’s authorization, the trader must notify LSZ Digital Exchange Ltd immediately.

3.3 Traders must carefully review the reports relating to trading in the trader’s Account prepared and sent to traders by LSZ Digital Exchange Ltd . According to the trader Agreement, all reports of confirmation of orders and all statements of Account will be deemed final on the fourth (4th) calendar day after their transmittal to the trader, unless the trader objects to the contents of such reports within such five (4) day period to LSZ Digital Exchange Ltd at its principal place of business.

3.4 Trader has considered thoroughly and understands fully the trader’s obligations and rights under the following trader Agreement. The trader Agreement, including for this purpose the collateral documents entered into by the parties in connection therewith, will exclusively govern the trader’s relationship with LSZ Digital Exchange Ltd , except to the extent that applicable laws, rules and regulations are inconsistent with the terms thereof. trader agrees and acknowledges that the trader alone is fully responsible for making all final decisions as to LSZ Digital Exchange Ltd Transactions executed for the trader’s Account. The trader has considered the foregoing factors and given the trader’s present and anticipated financial resources, the trader is willing and able to assume the substantial financial risks attendant on LSZ Digital Exchange Ltd Transactions.

4. RISK DISCLOSURE

4.1 Leverage risks/effect

When making transactions in terms of leveraged trading, a relatively minor deviation of the rate can bring either considerable profit or losses. When the market moves against the Client, they can lose all the deposited funds.

The Client shall be fully liable for the allocation of their financial resources, and the relevant trading strategy, and shall take into account all leverage-related risks.

4.2 Technical Risks

The Client accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems.

The Client accepts the risks of financial losses, which can happen because of the malfunction of hardware and software facilities and poor communication on the Client’s side.

The Client bears responsibility for the financial losses incurred because of ignorance of the instructions presented in the Client’s Terminal Instruction Manual.

4.3 Communication Risks

The Client accepts the risks associated with unauthorized access to the information they sent (by electronic mail or using instant message service) in case it was sent unencrypted.

The Client accepts the risks of financial losses incurred as the result of delay or non-receipt by the Client of a message from the Company.

Client bears sole responsibility for the safety of confidential information received from the Company and accepts the risks of financial losses incurred as the result of unauthorized access of the third parties to the trading account.

4.4 Force Majeure

The Company holds no responsibility for any activity of the third parties, which may influence the cooperation between the Company and the Client.
The Client accepts the risks of financial losses incurred as a result of force majeure circumstances: hostility, terrorist acts, acts of God, trading halts at financial markets, a sharp decrease of liquidity caused by financial market instability, currency interventions, legislation changes, changes of other parties’ conditions, etc.

The Company shall bear no responsibility before the Client for any actions, inactions or omissions of a third party and also for any losses incurred by the Client as a result of actions, inactions or omissions of a third party unless such losses directly arise from the Company’s willful default or fraud or gross negligence. The Company shall also bear no responsibility or liability for unfavourable consequences for the Client due to the insolvency/bankruptcy of a third party.

5. ELECTRONIC TRADING

The electronic trading system may differ not only from trading in the interbank market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

6. DISCLAIMERS

Internet and System failures: Since FreeMarker template error (DEBUG mode; use RETHROW in production!): The following has evaluated to null or missing: ==> web_ [in template "en/client-agreement.html" at line 322, column 94] ---- Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)?? ---- ---- FTL stack trace ("~" means nesting-related): - Failed at: ${web_} [in template "en/client-agreement.html" at line 322, column 92] - Reached through: #include "/${lang}/${page}.html" igno... [in template "layout/en.html" at line 1307, column 1] ---- Java stack trace (for programmers): ---- freemarker.core.InvalidReferenceException: [... Exception message was already printed; see it above ...] at freemarker.core.InvalidReferenceException.getInstance(InvalidReferenceException.java:134) at freemarker.core.EvalUtil.coerceModelToTextualCommon(EvalUtil.java:481) at freemarker.core.EvalUtil.coerceModelToStringOrMarkup(EvalUtil.java:401) at freemarker.core.EvalUtil.coerceModelToStringOrMarkup(EvalUtil.java:370) at freemarker.core.DollarVariable.calculateInterpolatedStringOrMarkup(DollarVariable.java:104) at freemarker.core.DollarVariable.accept(DollarVariable.java:63) at freemarker.core.Environment.visit(Environment.java:335) at freemarker.core.Environment.visit(Environment.java:341) at freemarker.core.Environment.include(Environment.java:3104) at freemarker.core.Include.accept(Include.java:171) at freemarker.core.Environment.visit(Environment.java:335) at freemarker.core.Environment.visit(Environment.java:341) at freemarker.core.Environment.process(Environment.java:314) at freemarker.template.Template.process(Template.java:383) at org.springframework.web.servlet.view.freemarker.FreeMarkerView.processTemplate(FreeMarkerView.java:391) at org.springframework.web.servlet.view.freemarker.FreeMarkerView.doRender(FreeMarkerView.java:304) at org.springframework.web.servlet.view.freemarker.FreeMarkerView.renderMergedTemplateModel(FreeMarkerView.java:255) at org.springframework.web.servlet.view.AbstractTemplateView.renderMergedOutputModel(AbstractTemplateView.java:179) at org.springframework.web.servlet.view.AbstractView.render(AbstractView.java:316) at org.springframework.web.servlet.DispatcherServlet.render(DispatcherServlet.java:1405) at org.springframework.web.servlet.DispatcherServlet.processDispatchResult(DispatcherServlet.java:1149) at org.springframework.web.servlet.DispatcherServlet.doDispatch(DispatcherServlet.java:1088) at org.springframework.web.servlet.DispatcherServlet.doService(DispatcherServlet.java:964) at org.springframework.web.servlet.FrameworkServlet.processRequest(FrameworkServlet.java:1006) at org.springframework.web.servlet.FrameworkServlet.doGet(FrameworkServlet.java:898) at javax.servlet.http.HttpServlet.service(HttpServlet.java:655) at org.springframework.web.servlet.FrameworkServlet.service(FrameworkServlet.java:883) at javax.servlet.http.HttpServlet.service(HttpServlet.java:764) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:231) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166) at org.apache.tomcat.websocket.server.WsFilter.doFilter(WsFilter.java:52) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166) at org.springframework.web.filter.RequestContextFilter.doFilterInternal(RequestContextFilter.java:100) at org.springframework.web.filter.OncePerRequestFilter.doFilter(OncePerRequestFilter.java:117) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166) at org.springframework.web.filter.FormContentFilter.doFilterInternal(FormContentFilter.java:93) at org.springframework.web.filter.OncePerRequestFilter.doFilter(OncePerRequestFilter.java:117) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166) at org.springframework.boot.web.servlet.support.ErrorPageFilter.doFilter(ErrorPageFilter.java:126) at org.springframework.boot.web.servlet.support.ErrorPageFilter.access$000(ErrorPageFilter.java:64) at org.springframework.boot.web.servlet.support.ErrorPageFilter$1.doFilterInternal(ErrorPageFilter.java:101) at org.springframework.web.filter.OncePerRequestFilter.doFilter(OncePerRequestFilter.java:117) at org.springframework.boot.web.servlet.support.ErrorPageFilter.doFilter(ErrorPageFilter.java:119) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166) at org.springframework.web.filter.CharacterEncodingFilter.doFilterInternal(CharacterEncodingFilter.java:201) at org.springframework.web.filter.OncePerRequestFilter.doFilter(OncePerRequestFilter.java:117) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166) at org.apache.catalina.core.StandardWrapperValve.invoke(StandardWrapperValve.java:197) at org.apache.catalina.core.StandardContextValve.invoke(StandardContextValve.java:97) at org.apache.catalina.authenticator.AuthenticatorBase.invoke(AuthenticatorBase.java:543) at org.apache.catalina.core.StandardHostValve.invoke(StandardHostValve.java:135) at org.apache.catalina.valves.ErrorReportValve.invoke(ErrorReportValve.java:92) at org.apache.catalina.valves.AbstractAccessLogValve.invoke(AbstractAccessLogValve.java:698) at org.apache.catalina.core.StandardEngineValve.invoke(StandardEngineValve.java:78) at org.apache.catalina.connector.CoyoteAdapter.service(CoyoteAdapter.java:367) at org.apache.coyote.http11.Http11Processor.service(Http11Processor.java:639) at org.apache.coyote.AbstractProcessorLight.process(AbstractProcessorLight.java:65) at org.apache.coyote.AbstractProtocol$ConnectionHandler.process(AbstractProtocol.java:882) at org.apache.tomcat.util.net.NioEndpoint$SocketProcessor.doRun(NioEndpoint.java:1647) at org.apache.tomcat.util.net.SocketProcessorBase.run(SocketProcessorBase.java:49) at org.apache.tomcat.util.threads.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1191) at org.apache.tomcat.util.threads.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:659) at org.apache.tomcat.util.threads.TaskThread$WrappingRunnable.run(TaskThread.java:61) at java.lang.Thread.run(Thread.java:745)