3.1 Prestige Wealth Investments and Information Service (PWII) provides investment services that are categorised as discretionary and non-discretionary, allowing clients to choose between fully automated AI-driven trading strategies or manual participation based on expert insights. These services are further classified according to risk levels, trading instruments, and investment durations to suit the financial goals and risk tolerance of each client. PWII does not offer investment advice tailored to individual circumstances but provides tools, resources, and data to empower clients in making informed decisions within their selected investment categories.
4.1 All official communication between PWII and its clients shall be conducted through authorized channels, including but not limited to email, the official PWII website, secure client portals, and verified telephone numbers. Clients are responsible for ensuring that their contact details provided during registration are accurate and up to date. Any failure to receive important updates due to outdated contact information will not be the responsibility of PWII.
4.2 PWII will never ask clients to share sensitive information such as passwords, PINs, or private keys through unsecured or unofficial communication platforms. Clients are strongly advised to remain vigilant and report any suspicious communication immediately. All genuine notices, policy updates, and investment reports will come from a verified PWII domain or representative.
4.3 Clients may contact PWII's customer support team for inquiries, assistance, or dispute resolution during business hours. We aim to respond to all inquiries in a timely and professional manner. For security reasons, PWII may require verification of identity before processing requests that involve account access, changes to account details, or transaction history.
4.4 All communications, including messages sent via email, phone calls, or internal platform messages, may be recorded or stored for regulatory compliance, training, and quality assurance purposes. By using our platform and contacting PWII, clients consent to such recording and monitoring practices, in line with applicable data protection regulations.
4.5 PWII reserves the right to initiate communication with clients from time to time regarding market updates, changes in services, promotional offers, or compliance-related matters. While clients may opt out of promotional emails, they cannot opt out of receiving legally or contractually required communications. It is the responsibility of the client to review such messages promptly and respond when necessary.
5.1 By registering on the PWII platform and making a deposit, the client expressly authorizes Prestige Wealth Investments and Information Service (PWII) to use the invested funds to participate in financial markets, including but not limited to forex, commodities, indices, cryptocurrencies, and other investment instruments made available on the platform.
5.2 The client understands and agrees that PWII uses automated systems, including AI-based trading algorithms and expert-led strategies, to manage and execute trades on behalf of its users. These trading strategies are based on market trends, historical data, and risk assessments, and may be adjusted without prior notice to optimize performance.
5.3 The client further authorizes PWII to retain full discretion in choosing trading strategies, instruments, timing, and trade execution, based on the client’s selected investment plan and risk category. The client waives the right to interfere in day-to-day trading decisions once funds have been deposited and activated on the platform.
5.4 All investment activities are performed under the framework of regulated financial practices. PWII is a licensed company with the Financial Sector Conduct Authority (FSCA), FSP Number 54240. Clients are assured that all trades are executed with the highest level of transparency, using compliant and secure systems.
5.5 The client understands that investing in financial markets involves risks, including potential loss of principal. By authorizing PWII to invest on their behalf, the client acknowledges that profits are not guaranteed and that past performance is not indicative of future results.
5.6 The client agrees to the platform’s terms that all profits generated from investments may be subject to profit-sharing arrangements, withdrawal limitations, or minimum holding periods, depending on the specific investment plan chosen. These terms are clearly outlined on the platform and must be reviewed before making an investment.
5.7 Clients are not allowed to initiate or request trades directly through the platform unless such functionality is made available within their chosen plan. All funds are managed solely by the platform unless explicitly stated otherwise in a discretionary or hybrid account option.
5.8 The client authorizes PWII to deduct applicable management fees, performance fees, and any third-party charges from the invested capital or earned profits. All fees are communicated transparently through the platform and are subject to periodic review.
5.9 PWII reserves the right to suspend or limit a client’s trading activity in cases of suspicious transactions, regulatory concerns, or violation of any part of these terms. In such cases, the client will be informed and may be required to provide additional documentation or clarification before reactivation.
5.10 By proceeding with an investment, the client confirms that they have read, understood, and voluntarily accepted the terms of authorisation, and have either obtained or knowingly waived the opportunity to seek independent financial, legal, or tax advice related to their investment decisions.
6.1 Prestige Wealth Investments and Information Service (PWII) offers general investment opportunities and tools but does not provide individualized investment recommendations. It is the sole responsibility of each client to determine whether an investment with PWII is appropriate for their financial situation, investment objectives, and level of experience. By proceeding with any investment on the PWII platform, the client acknowledges that they have considered the potential risks and returns, and have made an informed decision based on their own judgment or independent financial advice. PWII shall not be held responsible for any financial loss arising from investments that may not align with the client’s personal goals or circumstances.
7.1. Prestige Wealth Investments and Information Service (PWII) places a high priority on the safety and integrity of client funds. All client deposits are handled with strict financial protocols and are maintained in segregated accounts, separate from the company’s operational funds. This segregation ensures that client assets are protected and cannot be used for any internal business expenses, liabilities, or trading activities unrelated to the client's investment.
7.2. PWII utilizes secure, regulated payment gateways and banking partners to process transactions, including deposits and withdrawals. We implement stringent internal controls, encryption standards, and regular audits to monitor fund flows and ensure compliance with financial regulations. Clients can rest assured that their capital is being managed in accordance with industry best practices and under oversight from relevant regulatory bodies, including the Financial Sector Conduct Authority (FSCA), with which PWII is registered under FSP number 54240.
7.3. In the event of unforeseen circumstances such as insolvency, regulatory actions, or force majeure events, PWII has implemented risk mitigation protocols and client protection measures. While investment returns are not guaranteed, the protection of client deposits remains a cornerstone of our operational mandate. We are committed to transparency and will notify clients promptly should any material changes occur regarding fund handling or financial security policies.
8.1. Customers shall provide to and maintain with PWII margin in such amounts and in such forms as Prestige Wealth Investments, in its sole discretion, may require.
8.2. Such margin requirements may be greater or less than margins required by those banks or brokers with which trades are executed.
8.3. Prestige Wealth Investments may change margin requirements at any time.
8.4. Customer agrees to deposit by immediate wire transfer, or other payment method acceptable to Prestige Wealth Investments, such additional margin when and as required by Prestige Wealth Investments and will promptly meet all margin calls in such mode of transmission as Prestige Wealth Investments in its sole discretion designates.
8.5. Prestige Wealth Investments may at any time proceed to liquidate Customer’s account and any failure by Prestige Wealth Investments to enforce its rights hereunder shall not be deemed a waiver by Prestige Wealth Investments to enforce its rights thereafter.
8.6. Prestige Wealth Investments retains the right to limit the amount and/or total number of open positions which Customer may acquire or maintain at PWII, and to increase margin requirements in advance of earnings or other news or events, with or without notice, either before such events or retroactively or at any other time that it deems at its sole discretion.
8.7. Orders must be placed allowing sufficient time to execute and to calculate margin requirements.
8.8. Profits deriving from a transaction shall be added to Customer’s account as additional margin, as long as the transaction is open, and upon the closing of the transaction, as an addition to the available balance for withdrawal.
8.9. Losses deriving from a transaction shall be deducted from the Customer’s account.
9.1. Prestige Wealth Investments may elect to grant a benefit to Customer by depositing bonus amounts in Customer’s trading account, subject to certain terms and conditions as shall be determined by Prestige Wealth Investments, at its sole discretion. Such bonus amounts may not be withdrawn by Customer, unless Customer complies with the applicable trading requirements posted on Prestige Wealth Investments’s website as may be amended from time to time or as communicated to Customer.
9.2. If Prestige Wealth Investments suspects or has reason to believe that Customer has attempted fraudulent activity in order to claim a bonus, or any other promotion, Prestige Wealth Investments reserves the right to:
Markets and the Customer for the provision of services, iii. To block Customer’s Account(s) and to arrange for the transfer of any unused balance to Customer.
9.3. If Prestige Wealth Investments suspects or has reason to believe that Customer has abused the terms and conditions of a bonus offer by hedging positions internally (using other trading accounts held with Prestige Wealth Investments) or externally (using other trading accounts held with other brokers), Prestige Wealth Investments reserves the right to cancel bonuses, and any trades or profits associated with Customer’s account(s).
9.4. Bonus promotions may be restricted in certain
jurisdictions.
9.5. Prestige Wealth Investments reserves the right to cancel or reject bonus promotions at its sole discretion.
10.1. Options are contracts that give the buyer the right, but not the obligation, to buy (in the case of a Call Option) or to sell (in the case of a Put Option) a specified FX/CFD at a specified price (the “Strike”) at a specified time and date (the “Expiration”), from or to the seller of the option.
10.2. The proceeds of the purchase or sale of an Option (the “Cost”, or “Premium”) will be immediately debited or credited to the cash balance of the account. At Expiration, Options that are in the money will be automatically closed out at intrinsic value, that is, in the case of Call Options, the amount by which the closing price of the specified FX/CFD exceeds the strike price, and in the case of Put Options, the amount by which the Strike exceeds the closing price of the specified FX/CFD. For long Call and short Put positions, the closing price will be the prevailing bid price of the underlying FX/CFD at Expiration; and for short Call and long Put positions, the closing price will be the prevailing ask (offer) price of the underlying FX/CFD, as determined by Prestige Wealth Investments in its sole discretion. Options that are not in the money will expire worthless.
10.3. The Customer acknowledges, recognizes and accepts that Prestige Wealth Investments quotes variable spreads on Options. The Client is specifically made aware that variable option spreads are affected by actual market conditions, which are beyond Prestige Wealth Investments’s control. Prestige Wealth Investments does not guarantee any maximum or minimum quotable option spreads. There may be times when Options quotes are not available in some underlying FX/CFDs.
10.4. We allow you to perform various transactions, including in respect of options based on various indices that shall be defined by us from time to time (for example, index rates and stock and option rates), and to receive financial information and various other services as we shall determine at our sole discretion. Prior to effecting any transaction, we advise you to read the explanations that may be found on the website regarding each type of transaction. The rules of trade are set exclusively by Prestige Wealth Investments.
11.1. Prestige Wealth Investments and its Advisors may offer risk management and trading signals and calls.
11.2. Customers may be offered market signals at the time of opening positions, and at other times.
11.3. Engaging in trading activity based on aforementioned market signals is solely at customer’s discretion and Prestige Wealth Investments does not take any responsibility for the trading action taken by the client or refund losses, interest costs, commissions, or other fees occurred as a result.
11.4. Customers are always required to check viability of any market signals and execute trades according to the margin available in the account.
12.1. Interest is not payable by Prestige Wealth Investments on client funds deposited by Customer.
12.2. All funds, securities, currencies, and other property of Customer which Prestige Wealth Investments or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by Prestige Wealth Investments as security and subject to a general lien and right of set-off for liabilities of Customer to Prestige Wealth Investments whether or not Prestige Wealth Investments has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with PWII.
12.3. Prestige Wealth Investments may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
12.4. Customer hereby also grants to Prestige Wealth Investments the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by Prestige Wealth Investments as margin or security.
12.5. Prestige Wealth Investments shall at no time be required to deliver to Customer the identical property delivered to or purchased by Prestige Wealth Investments for any account of Customer.
12.6. This authorization shall apply to all accounts carried by Prestige Wealth Investments for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by PWII from its home office.
12.7. Any failure by Prestige Wealth Investments to enforce its rights hereunder shall not be deemed a future waiver of such rights by PWII.
12.8. Prestige Wealth Investments is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that Prestige Wealth Investments deems necessary or desirable to evidence or to protect Prestige Wealth Investments’s interest with respect to any collateral.
12.9. In the event that the collateral deemed acceptable to Prestige Wealth Investments is at any time insufficient to satisfy Customer’s indebtedness or other obligations to Prestige Wealth Investments, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
12.10. Default of Credit Institution and Monitoring:
13.1. Prestige Wealth Investments is required to maintain and operate effective organizational and administrative controls to take all reasonable steps to identify, manage, disclose and record conflicts of interest. In order to achieve this Prestige Wealth Investments has established and implemented a Conflicts of Interest policy.
13.2. Where arrangements made by Prestige Wealth Investments to manage conflicts of interest are insufficient to ensure, with reasonable confidence, that risks of damage to client interests will be prevented, Prestige Wealth Investments shall clearly disclose to the client the general nature and the sources of the conflicts of interest before undertaking business on the client’s behalf.
14.1. In the event that you have any query and/or concern and/or issue and/or problem and/or reason to feel dissatisfied with any aspect of our service, in the first instance you should contact our customer services team, as the vast majority of issues can be dealt with at this level.
14.2. If our customer services team is unable to resolve the matter or you feel that our service has not met your expectations and you wish to raise this issue as a formal complaint, a fully detailed email accompanied by adequate supporting evidence (as necessary) must be submitted to [email protected] to be recorded as a formal complaint.
14.3. We will provide you with a regular written update on the progress of the investigation of the complaint at intervals of not greater than 20 business days;
14.4. We will attempt to investigate and resolve the complaint within 40 business days of having received the complaint;
14.5. Where the 40 business days have elapsed and the complaint is not resolved, we will inform you of the anticipated timeframe within which we hope to resolve the complaint.
14.6. Once an investigation of the complaint is completed, a Final Response shall be issued to the Client with the investigation’s outcome(s) together with any required explanations and any remedy measures the Company intends to take.
14.7. A Complaint will be deemed as resolved or settled where the Company has sent in writing a Final Response to the Client.
14.8. If you do not feel that your complaint has been resolved satisfactorily you are then able to refer your complaint to the Saint Vincent and the Grenadines Financial Services Authority (“SVGFSA”).
14.9. The SVGFSA will act mainly as an intermediary, between the customer and Prestige Wealth Investments, and seek to establish a factual account of the situation. The SVGFSA will work towards determining whether any violation of laws, regulations and/or policy guidelines has occurred.an independent organization that was established to resolve disputes between financial institutions and their customers.
14.10. Any referral to the SVGFSA must take place within six years of our Final Response to you, and you should also note that the SVGFSA may not consider a complaint until we have had the opportunity to address the complaint. For further details, please visit SVGFSA’s website www.svgfsa.com.
15.1. In the event of (a) the death or judicial declaration of incompetence of Customer; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer; (c) the filing of an attachment against any of Customer’s accounts carried by Prestige Wealth Investments, (d) insufficient margin, or Prestige Wealth Investments’s determination that any collateral deposited to protect one or more accounts of Customer is inadequate, regardless of current market quotations, to secure the account; (e) Customer’s failure to provide us with any information requested pursuant to this agreement or any applicable law; or (f) any abuse of trading practices, manipulations and/or fraud by Customer or any other person authorized to use the account; or (g) any other circumstances or developments that we deem appropriate for its protection, and in Prestige Wealth Investments’s sole discretion, it may take one or more, or any portion of, the following actions:
III. Cancel any or all outstanding orders or contracts, or any other commitments made on behalf of Customer.
15.2. Any of the above actions may be taken without demand for margin or additional margin, without prior notice of sale or purchase or other notice to Customer, Customer’s personal representatives, heirs, executors, administrators, trustees, legatees or assigns and regardless of whether the ownership interest shall be solely Customer’s or held jointly with others.
15.3. Prior demand or notice of sale or purchase shall not be considered a waiver of Prestige Wealth Investments’s right to sell or buy at any time in the future without demand or notice as provided above.
15.4. In liquidation of Customer’s long or short positions, Prestige Wealth Investments may, in its sole discretion, offset in the same settlement or it may initiate new long or short positions in order to establish a hedge which in Prestige Wealth Investments sole judgment may be advisable to protect or reduce existing positions in Customer’s account.
15.5. Any sales or purchases hereunder may be made according to Prestige Wealth Investments’s judgment and at its discretion with any interbank or other exchange market where such business is then usually transacted or at a public auction or private sale, and Prestige Wealth Investments may purchase the whole or any part thereof free from any right of redemption.
15.6. For Customer’s protection, Equity or Net Liquidation Value of the Customer’s trading account drops below the Minimum Margin Requirement, all of Customer’s open transactions shall be automatically closed, whether at a loss or a profit.
15.7. If the amount in Customer’s trading account is less than zero, Customer shall promptly notify Prestige Wealth Investments and Prestige Wealth Investments shall nullify the account.
15.8. Neither Prestige Wealth Investments nor any of its subsidiaries, affiliates or agents shall be responsible for any loss or damage caused due to closing of positions in accordance with the above.
15.9. Customer shall at all times be liable for the payment of any deficit balance of Customer upon demand by Prestige Wealth Investments and in all cases, Customer shall be liable for any deficiency remaining in Customer’s account(s) in the event of the liquidation thereof in whole or in part by PWII or by Customer.
15.10. In the event the proceeds realized pursuant to this authorisation are insufficient for the payment of all liabilities of Customer due to Prestige Wealth Investments, Customer shall promptly pay upon demand, the deficit and all unpaid liabilities, together with interest thereon equal to three (3) percentage points above the then prevailing prime rate at Prestige Wealth Investments’s principal bank or the maximum interest rate allowed by law, whichever is lower, and all costs of collection, including attorney’s fees, witness fees, travel expenses and the like.
15.11. In the event Prestige Wealth Investments incurs expenses other than for the collection of deficits, with respect to any of the account(s) of
Customer, Customer agrees to pay such expenses.
16.1. Fees arising out of Prestige Wealth Investments providing services are outlined in the accounts page.
16.2. Customer is aware that a part of Prestige Wealth Investments’s revenues derives from the spread on each transaction. The spread is the difference between the bid & the ask price of the price quote on a transaction.
16.3. Prestige Wealth Investments may increase or decrease spreads on any or all instruments, at its sole discretion, at any time without notification due to various mitigating factors – market sentiment, news times or announcements, trading volumes, market volatility and/or additional internal or external factors. This may be affected on an individual client basis or for all clients simultaneously.
16.4. Where a customer requests a specific fee structure, a commission may be payable by Customer to open and close Forex, CFDs, Options and Spread Betting positions. Such commission payable will be debited from Customer’s account at the same time as Prestige Wealth Investments opens or closes the relevant Forex, CFDs, Options and Spread Bets.
16.5. Where we increase or introduce any new charges, we will post the changes on our website at least 7 days before they take effect.
16.6. We may also charge for incidental banking-related fees such as wire charges for deposits/withdrawals and returned check fees.
16.7. In certain circumstances additional fees may include such things as statement charges, order cancellation charges, account transfer charges, telephone order charges or fees imposed by any interbank agency, bank, contract, market or other regulatory or self-regulatory organizations arising out of Prestige Wealth Investments’s provision of services hereunder.
16.8. Customer may incur additional fees for the purchase of optional, value-added services we offer.
16.9 If a live trading account remains inactive for a period of 30 consecutive days, an inactivity fee of USD 30 will be charged. Following this initial 30-day period, an additional fee of USD 30 will be applied every subsequent 15 days of continued inactivity. This fee is designed to cover administrative and maintenance costs associated with managing dormant accounts. The inactivity fees will be automatically deducted from the account balance. If the account balance is insufficient to cover the fees, the account may be subject to further action as deemed necessary by the Platform.
16.10. ROLLOVERS, OVERNIGHT INTEREST:
16.10.1. A daily financing charge may apply to each Forex, CFDs, Options and Spread Betting open position at the closing of PWII’s trading day as regards that Forex, CFD, Options and Spread Bet, known as SWAP.
16.10.2. If such financing charge is applicable, it will either be requested to be paid by Customer directly to Prestige Wealth Investments or it will be paid by Prestige Wealth Investments to Customer, depending on the type of Forex, CFDs, Options and Spread Betting and the nature of the position Customer holds.
16.10.3. The method of calculation of the financing charge varies according to the type of Forex, CFDs, Options and Spread Betting to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates.
16.10.4. The financing charge will be credited or debited (as appropriate) to Customer’s account on the next trading day following the day to which it relates.
16.10.5. Prestige Wealth Investments reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of Forex, CFDs, Options and Spread Betting to which the financing charge applies.
16.10.6. For certain types of Forex, CFDs, Options and Spread Betting, a commission is payable by Customer to open and close Forex, CFDs, Options and Spread Betting positions. Such commission payable will be debited from Customer’s account at the same time as Prestige Wealth Investments opens or closes the relevant Forex, CFDs, Options and Spread Bets.
16.10.7. Trades in CFDs and Spread Betting are linked to the market price of a certain base asset, including the market price of future contracts. A few days prior to the expiration date of the base asset to which the CFD and Spread Betting is linked, the base asset shall be replaced with another asset, and the quotation of the CFD and Spread Betting shall change accordingly.
16.10.8. CFDs and Spread Betting does not have an expiration date.
16.10.9. Trades in CFDs and Spread Betting are continuous and the base assets to which they are linked vary from time to time.
16.10.10. Prestige Wealth Investments reserves the right to determine the base asset to which CFDs and Spread Betting is linked, the date of replacement of the base asset, and the replacement conditions.
16.10.11. Following the replacement of the base asset, the quotation of the CFDs and Spread Betting shall be adjusted, and the Customer’s account shall be credited or debited, as applicable, in accordance with the difference in quotations created due to the replacement of the base asset.
16.10.12. The difference in quotations between the base assets is affected by the difference in rates between selling and buying of such assets in the market, and therefore the revaluation of selling and buying transactions shall be in different values.
16.10.13. Customers will incur costs in relation to the Spread Cost in closing the old contract and Opening the New Contract and a Standard Overnight Interest charge.
16.10.14. In most cases, the debits shall be higher than credits.
16.10.15. Any open transaction held by Customer at the end of the trading day as determined by Prestige Wealth Investments or over the weekend, shall automatically be rolled over to the next business day so as to avoid an automatic close and physical settlement of the transaction.
16.10.16. Customer acknowledges that when rolling over such transactions to the next business day, overnight interest may be either added or subtracted from Customer’s account with respect to such transaction.
16.10.17. The overnight interest amount shall be determined by Prestige Wealth Investments from time to time, in Prestige Wealth Investments’s absolute discretion.
16.10.18. Customer hereby authorizes Prestige Wealth Investments to add or subtract the overnight interest to or from Customer’s account for any open transaction that have accrued overnight interest, in accordance with the applicable rate thereto, each day at the time of collection specified on the Investment Platform for each individual instrument, as applicable.
17.1. Reports, statements, notices, trade confirmations, and any other communications will be posted online and may be transmitted to such address as Customer may from time to time designate in a written or electronic communication to Prestige Wealth Investments.
17.2. Customer is responsible for alerting Prestige Wealth Investments to any change in its e-mail address.
17.3. Communications are deemed received when made available to Customer by Prestige Wealth Investments, regardless of whether Customer actually accessed the statement.
17.4. Customer will be able to generate daily, monthly and annual account statements detailing transaction activity, profit and loss statements, open positions, margin balances, account credits and debits.
17.5. Customer understands that it must carefully review the reports relating to Customer’s trading posted online by Prestige Wealth Investments.
17.6. Reports of the confirmation of orders and statements of accounts for Customer posted online by Prestige Wealth Investments shall be deemed correct and shall be conclusive and binding upon Customer if not objected to within two business days of the posting online.
17.7. Objections may be made initially by email or by telephone, but must be confirmed thereafter in writing.
17.8. If Customer becomes aware of an error with respect to any report or statement, such as amounts erroneously credited to Customer, Customer shall immediately inform Prestige Wealth Investments and is responsible to return such amount to Prestige Wealth Investments, and if Prestige Wealth Investments becomes aware of such occurrence, PWII is expressly authorized to correct such error by correcting such report or statement, and, if applicable, treating this as a Deficit Balance.
17.9. Customer declares that by providing its registration data to Prestige Wealth Investments it hereby consents to, Prestige Wealth Investments, its subsidiaries, affiliates and agents sending, and Customer receiving, by means of telephone, facsimile, SMS or e-mail, communications containing content of a commercial nature relating to Customer’s use of the Investment Platform, including information and offers from Prestige Wealth Investments or third parties that Prestige Wealth Investments believes Customer may find useful or interesting, such as newsletters, marketing or promotional materials.
17.10. Customer acknowledges that Prestige Wealth Investments does not have to separately obtain Customer’s prior consent (whether written or oral) before distributing such communications to Customer, provided that Prestige Wealth Investments shall cease to distribute such communications should Customer notify Prestige Wealth Investments in writing that Customer no longer desires to receive such commercial communication.
17.11. Client statements can be generated by the client at any time on the on-line Investment Platform.
17.12. These statements will record the time the order was executed and the balance of their account. Our internal records will state the time the order was requested from the client.
17.13. Prestige Wealth Investments will also provide the client with a statement on an annual basis outlining the details of funds held by the firm for the client at end of the period covered by the statement. Statements will also show all charges applied during the period covered by the statement, if any.
17.14. Real time access to each client’s account showing transactions, the time orders were filled and
17.15. the balance on the client’s account will also be available to customers.
18.1. Prestige Wealth Investments and/or any of its subsidiaries, affiliates or agents shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions beyond the control of Prestige Wealth Investments including, without limitation, loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and/or information due to breakdown or failure of transmission or communication facilities, or electrical power outage.
18.2. Neither Prestige Wealth Investments nor any of its subsidiaries, affiliates or agents warrants that the Investment Platform or any services provided (including Third Party Licenses) will be available without interruption or will be error free and such Investment Platform and services are being provided “AS IS” without any representation or warranty of any kind whatsoever except as otherwise set forth herein.
18.3. Under no circumstances shall Prestige Wealth Investments or any of its subsidiaries, affiliates or agents be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of, or inability to use, Prestige Wealth Investments’s Investment Platform or services (including Third Party Licenses) including but not limited to lost profits, loss of business, trading loss, loss of data or use of data, any unauthorized access to, alteration, theft or destruction of Customer’s computers, computer systems, data files, programs or information, or costs of procurement of substitute goods or services.
18.4. Customer agrees that this section represents a reasonable allocation of risk, that this section is an essential element of this Agreement and that in its absence; the economic terms of this Agreement would be substantially different.
18.5. This limitation applies whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, even if Prestige Wealth Investments or any of its subsidiaries, affiliates or agents has been advised of the possibility of such damage.
18.6. Neither Prestige Wealth Investments nor any of its subsidiaries, affiliates or agents has liability or duty of indemnification related to unusable data, lost or corrupt Customer transactions or data, by whatever means, in whatever form.
18.7. This limitation of liability additionally eliminates any duty or liability on the part of Prestige Wealth Investments or any of its subsidiaries, affiliates or agents related to unusable data, lost or corrupt Customer transactions or data, resulting in part or in whole from third-party software or networking goods or services or from internet related problems or from actions or events outside of Prestige Wealth Investments’s control.
18.8. Prestige Wealth Investments and its subsidiaries, affiliates and agents disclaim any and all liability resulting from or related to any breach of internet security or disruption, distortions or delays of Customer’s connections to the internet, due to any reason.
18.9. As OTC is not an exchange traded market, prices at which Prestige Wealth Investments deals at or quotes may or may not be similar to prices at which other OTC market makers deal at or quote.
18.10. Should a quoting or execution error occur, which may include, but are not limited to, a mistype of a quote, a quote that is not representative of fair market prices, an erroneous price quote from a dealer or erroneous price quote due to failure of hardware, software or communication lines or systems or inaccurate external data feeds provided by third-party vendors, PWII will not be liable for the resulting errors in account balances. Without derogating from the above, in the event that transactions shall be closed or opened based on the Erroneous Quote, Prestige Wealth Investments’s trading room attempts to recognize such event and to act promptly to reset such event. Customer acknowledges that the reset process may take time, during which Customer may not be able to use its trading account, and outstanding orders may not be executed.
18.11. In case Prestige Wealth Investments will identify an erroneous quote or an outdated quote, it may offer the Customer an alternative quote or alternatively to continue the transaction, all at the sole discretion of PWII.
18.12. Customer further acknowledges that Prestige Wealth Investments, its subsidiaries, affiliates and agents shall not be liable for any loss or damage caused due to or in connection with such reset process.
18.13. Third Party Licenses:
18.13.1. If any third-party software is included within or embedded in the Prestige Wealth Investments website or online Investment Platform, then such embedded third-party software shall be provided subject to the terms of this Customer Agreement which apply to the online Investment Platform.
18.13.2. Customer shall fully comply with terms of any Third-Party Licenses that we provide from time to time. 18.13.3. We provide no express or implied warranty, indemnity or support for the Third Party
18.13.4. Licenses, and will have no liability related thereto.
18.13.5. “Third Party Licenses” means licenses from third parties governing third party software embedded or used in the trading platform.
19.1. If Customer directs Prestige Wealth Investments to enter into any Forex, CFDs, Options and Spread Betting transaction:
III. Prestige Wealth Investments is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by Prestige Wealth Investments in its sole discretion on the basis of the then prevailing money market rates.
20.1. Customer agrees to indemnify and hold Prestige Wealth Investments, its subsidiaries, affiliates, agents, employees, agents, successors and assigns (“Ava Indemnities”) harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by any of PWII indemnities arising out of Customer’s failure to fully and timely perform Customer’s obligations herein or under any Third Party License or should any of Customer’s representations and warranties fail to be true and correct.
20.2. Customer also agrees to pay Prestige Wealth Investments indemnities promptly all damages, costs and expenses, including attorney’s fees, incurred in the enforcement of any of the provisions of this Agreement and any other agreements between Prestige Wealth Investments and Customer.
20.3. In addition to any limitations of liability specified elsewhere in this Agreement, Prestige Wealth Investments indemnities shall not be held liable and are released from all claims and losses incurred in such regard if the claim or loss was caused or contributed to by:
III. System malfunction, equipment failure (whether Customer’s equipment or Prestige Wealth Investments’s equipment), system interruption or system unavailability, (iv) Delays, failure or errors in implementing any instruction,
20.4. Prestige Wealth Investments shall be entitled to setoff Customer’s liabilities under this section from Customer’s account.
21.1. PROHIBITION ON ARBITRAGE AND MANIPULATION
21.1.1. PWII does not permit the practice of arbitrage when trading and strictly forbids any form of manipulation of its prices, execution, and platform or making transactions based on errors, omissions or misquotes on the Prestige Wealth Investments platform.
21.1.2. Price latency, connectivity delays, and price feed errors sometimes create a situation where the prices displayed do not accurately reflect market rates. The concept of arbitrage and “scalping”, or taking advantage of these Internet delays, cannot exist in an OTC market where the client is buying or selling directly from the market maker.
21.1.3. Any transactions that rely on price latency or price feed errors may be subject to intervention which includes the right to void any transactions which Prestige Wealth Investments has determined to be a result of any of these practices, revocation of profits, widening of spreads, block of trading and any other necessary corrections or adjustments on the account without prior notice.
21.1.4. If Prestige Wealth Investments suspects or has reason to believe that Customer has abused the terms and conditions by hedging positions internally (using other trading accounts held with Prestige Wealth Investments) or externally (using other trading accounts held with other brokers), Prestige Wealth Investments reserves the right to cancel any trades or profits associated with Customer’s account(s).
21.2. MARKET ABUSE
21.2.1. Prestige Wealth Investments may hedge our liability to you by opening analogous positions with other institutions or in the underlying market. The result of our doing this is that when you trade with us your trades can, through our hedging, exert a distorting influence on the underlying market for that index, in addition to the impact that it may have on our own prices. This creates a possibility of market abuse.
21.2.2. Customer represents and warrants, and agrees that each such representation and warranty is deemed repeated each time Customer opens or closes a position that:
21.2.3. In the event that (a) Customer places or closes any trade or places an order in breach of the representations and warranties given, or Prestige Wealth Investments has reasonable grounds for suspecting that Customer may have done so, Prestige Wealth Investments may at our absolute discretion and without being under any obligation to inform Customer of our reason for doing so close that trade and any other trade or trades that you may have open at the time, if applicable, and also at our absolute discretion cancel any trades or profits associated with Customer’s account(s)
21.2.4. Customer acknowledges that trade are speculative arrangements and Customer agrees that Customer will not enter into any transactions with us in connection with any corporate finance style activity.
21.2.5. Customer acknowledges that it would be improper for Customer to deal in the underlying market if the sole purpose of such a transaction was to impact on our bid or offer prices, and Customer agrees not to conduct any such transactions.
22.1. Prestige Wealth Investments will use commercially reasonable efforts to complete all orders which it may, in its sole discretion, choose to accept in accordance with the oral or written or computer instructions of Customer.
22.2. Prestige Wealth Investments reserves the right to refuse to accept any order.
22.3. Prestige Wealth Investments may, at its sole discretion, allow Customer to specify a closing price for a transaction at the Investment Platform through a “Close at Loss” and “Close at Profit” order, subject always to the terms of this Agreement and any other terms and conditions Prestige Wealth Investments may implement from time to time.
22.3.1. “Close at Loss” means an offer to close a transaction at a price determined in advance by Customer which, in the case of a transaction that is opened by offering to buy a specific number of a certain instrument, is lower than the opening transaction price, and in the case of a transaction that is opened by offering to sell a specific number of a certain instrument, is higher than the opening transaction price.
22.3.2. “Close at Profit” means an offer to close a transaction at a price determined in advance by Customer which, in the case of a transaction that is opened by offering to buy a specific number of a certain instrument, is higher than the opening transaction price, and in the case of a transaction that is opened by offering to sell a specific number of a certain instrument, is lower than the opening transaction price.
22.4. Upon Customer’s offer and Prestige Wealth Investments’s acceptance of an order, Customer hereby authorizes Prestige Wealth Investments to close the transaction at the Close at Loss price or Close at Profit price, as applicable, and as agreed upon in the order, without further instruction from or notification to Customer.
22.5. Prestige Wealth Investments may, in its sole discretion, close the transaction when the price quoted by Prestige Wealth Investments on the Investment Platform equals the price accepted by Prestige Wealth Investments for such an order.
22.6. Customer acknowledges and agrees that Prestige Wealth Investments shall not be obligated to close a transaction which does not otherwise comply with any other limitations agreed upon with respect to such transaction.
22.7. Customer acknowledges and agrees that due to market volatility and factors beyond Prestige Wealth Investments’s control, Prestige Wealth Investments cannot guarantee that a Close at Loss order will be executed at the level specified in Customer’s order. In such an event, Prestige Wealth Investments will close the transaction at the next best price.
22.8. If, before Customer’s “Limit Order” offer to open or close a transaction is accepted by Prestige Wealth Investments, Prestige Wealth Investments’s quote moves to Customer’s advantage (for example, if the price goes down as Customer buys or the price goes up as Customer sells) Customer agrees that Prestige Wealth Investments will execute the closing transaction at the Customer’s specified price and not better. Customer agrees that Prestige Wealth Investments can retain such price movement for its own account.
22.9. Customer is aware that a part of Prestige Wealth Investments’s revenues derives from the spreads on each transaction. The spread is the difference between the bid & the ask price of the price quote on a transaction. Therefore, in case the fair market price reduces Prestige Wealth Investments’s spread in a specific transaction, Prestige Wealth Investments may, at its sole discretion, choose not to execute such transaction, in which case Prestige Wealth Investments may send Customer an amended quote for his consideration. Prestige Wealth Investments may complete a transaction at its sole discretion in case the fair market price does not affect Prestige Wealth Investments’s spread from the transaction and / or increases it.
23.1. Customer acknowledges that investment in leveraged and non-leveraged transactions are speculative, involves a high degree of risk, and is appropriate only for persons who can assume risk of loss of their entire margin deposit.
23.2. Customer understands that because of the low margin normally required in OTC trading, price changes in OTC may result in significant losses.
23.3. Customer warrants that Customer is willing and able, financially and otherwise, to assume the risk of OTC trading, and in consideration of Prestige Wealth Investments’s carrying his/her account(s), Customer agrees not to hold Prestige Wealth Investments and any of its subsidiaries, affiliates or agents responsible for any losses incurred by Customer.
23.4. Customer recognizes that guarantees of profit or freedom from loss are impossible in OTC trading.
23.5. Customer acknowledges that Customer has received no such guarantees from Prestige Wealth Investments or from any of its representatives or any introducing agent or other entity with whom Customer is conducting his/her PWII account and has not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations.
23.6. The high degree of leverage that is obtainable in the trading of Forex, CFDs, Options and Spread Betting transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.
23.7. During times of extreme volatility, it can be difficult or impossible to execute orders.
24.1. Customer acknowledges that:
III. Prestige Wealth Investments makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information or market recommendation furnished to Customer and shall not be responsible for any loss or damage including without limitation any loss of margin or profits which may arise directly or indirectly from use or reliance on such recommendations or information.
24.2. Customer understands that Customer is solely responsible for assessing the merits and risks of any trade it may enter into with Prestige Wealth Investments whether as a result of information provided by Prestige Wealth Investments or otherwise.
24.3. Customer acknowledges that Prestige Wealth Investments and/or its officers, directors, affiliates, associates, stockholders or representatives may have a position in or may intend to buy or sell Forex, CFDs, Options and Spread Bets, which are the subject of market recommendations furnished to Customer, and that the market position of Prestige Wealth Investments or any such officer, director, affiliate, associate, stockholder or representative may not be consistent with the recommendations furnished to Customer by Prestige Wealth Investments.
24.4. Customer acknowledges that Prestige Wealth Investments makes no representations concerning the tax implications for treatment of any trading activity
25.1. Customer represents and warrants that:
III. No person other than Customer has or will have an interest in Customer’s account(s) and Customer has not granted and will not grant a security interest in Customer’s account with Prestige Wealth Investments (other than the security interest granted to Prestige Wealth Investments hereunder) to any person without Prestige Wealth Investments’s prior written consent. Customer has full beneficial ownership of all collateral and will not grant any security interest in any collateral to any person (other than the security interest granted to Prestige Wealth Investments hereunder) without Prestige Wealth Investments’s prior written consent; and,
VII. Customer has read and understands the provisions contained in this Agreement, including, without limitation, Prestige Wealth Investments
Risk Disclosure Statement and Privacy Statement; and
VIII. Customer will review this Agreement; and
Customer. Customers may not use this account with PWII for any illegal activity.
26.1. In the event that Customer, due to its observance of Islamic religious beliefs cannot receive or pay interest, Customer may elect to designate, in the manner provided by Prestige Wealth Investments, its trading account to be an Islamic Account, which is not charged with, or entitled to, overnight interest and/or rollovers.
26.2. In the event that Customer designates its account as an Islamic account, Customer may not keep transactions in such account open for more than 30 days and may not otherwise abuse such benefit.
26.3. Prestige Wealth Investments reserves the right to cancel the aforesaid benefit at any time and take any action necessary in CFD Capital’s absolute discretion due to abuse of this benefit.
26.4. Such actions may include, without limitation, the designation of the Islamic Account as a regular account and retroactively affecting required adjustments (e.g., setting off amounts from the account equal to amounts paid by Prestige Wealth Investments as interest), cancellation of transactions, and adjustment of account balances.
27.1. The Customer represents and warrants that the financial information disclosed to us in his/its
27.2. Application is an accurate representation of the Customer’s current financial condition.
27.3. The Customer represents and warrants that the Customer has very carefully considered the
27.4. portion of the Customer’s assets which the Customer considers to be risk capital.
27.5. The Customer recognizes that risk capital is the amount of money the Customer is willing to put at risk and the loss of it would not, in any way, change the Customer’s lifestyle.
27.6. The Customer agrees to immediately inform us if the Customer’s financial condition changes in such a way to reduce the Customer’s net worth, liquid assets and/or risk capital.
28.1. Customer acknowledges that Customer has no separate agreement with Prestige Wealth Investments or any of its employees or agents regarding the trading in Customer’s Prestige Wealth Investments account, including any agreement to guarantee profits or limit losses in
Customer’s account.
28.2. Customer understands that Customer must authorize every transaction prior to its execution unless Customer has delegated discretion to another party by signing Prestige Wealth Investments’s limited trading authorization or as otherwise agreed in writing with Prestige Wealth Investments, and any disputed transactions must be brought to the attention of Prestige Wealth Investments’s Compliance Officer pursuant to the notice requirements of this Customer Agreement.
28.3. Customer agrees to indemnify and hold Prestige Wealth Investments and its subsidiaries, affiliates and agents harmless from all damages or liability resulting from Customer’s failure to immediately notify Prestige Wealth Investments’s Compliance Officer of any of the occurrences referred to herein.
28.4. All notices required under this section shall be sent to Prestige Wealth Investments at its home office.
29.1. We may engage with advertising affiliates/referrers/marketing partner (“Affiliate”) who are wholly separate and independent from one another and from Prestige Wealth Investments. Any agreement between the company and Affiliate does not establish a joint venture or partnership and Affiliate is not an agent or employee of Prestige Wealth Investments.
29.1.1. Prestige Wealth Investments does not control, and cannot endorse or vouch for the accuracy or completeness of any information or advice Customer may have received or may receive in the future from Prestige Wealth Investments’s Affiliates or from any other person not employed by, or acting on behalf of Prestige Wealth Investments, regarding the risks involved in the trading of Forex, CFDs, Options and Spread Betting or the risks involved in such trading.
29.1.2. Since Affiliate is not an employee or agent of Prestige Wealth Investments, company does not endorse or vouch for the services provided by the Affiliate It is the Customer’s responsibility to perform necessary due diligence on the Marketing Partner prior to using any of their services.
29.1.3. Customer understands that in order to trade with Prestige Wealth Investments the Customer must open an account directly with Prestige Wealth Investments. PWII makes available appropriate risk disclosure information to all Customers when they open accounts. Customers should read that information carefully and should not rely on any information to the contrary from any other source.
29.1.4. Customer acknowledges that no representations and/or warranties have been made by Prestige Wealth Investments its servants or agents or any individual associated with Prestige Wealth Investments regarding future profits or losses in Customer’s account.
29.1.5. Customer understands that Forex, CFDs, Options and Spread Betting trading is very risky, and that many people lose money trading and that all Forex, CFDs, Options and Spread Betting trading, including trading done pursuant to a system, course, program, research or recommendations of an Affiliate, Trading Agent or any other third party involves a substantial risk of loss. In addition, Customer hereby acknowledges, agrees and understands that the use of a trading system, course, program, research or recommendations of an Affiliate, Trading Agent or any other third party will not necessarily result in profits, avoid losses or limit losses.
29.1.6. Because the risk factor is high in Forex, CFDs, Options and Spread Betting trading, in case Client does not have the extra capital he can afford to lose, Client should consider carefully before trading.
29.1.7. Customer understands and acknowledges that PWII may remunerate a Affiliate for referring Customer to Prestige Wealth Investments and that such remuneration may be on a per-trade basis or other basis. Further, the Client has a right to be informed of the precise nature of such remuneration
29.1.8. Customer acknowledges that an Affiliate may also, in some circumstances, be a Trading Agent. Customer understands that by using a Trading Agent, Customer may incur a mark- up, above and beyond the ordinary spread generally provided by Prestige Wealth Investments.
29.1.9. Prestige Wealth Investments shall in no way be responsible for any loss to Customer resulting from Customer’s use of any information or advice given by any third party including a Trading Agent or Affiliate.
30.1. Customer acknowledges that should Customer choose to grant trading authority or control over Customer’s account to a third party (“Trading Agent”), whether on a discretionary or non- discretionary basis, Customer does so at its own risk.
30.2. Customer acknowledges that Prestige Wealth Investments its subsidiaries, affiliates or agents shall in no way be responsible for reviewing Customer’s choice of such Trading Agent, or the actions taken by it, nor making any recommendations with respect thereto.
30.3. Customer acknowledges and understands:
30.4. If a customer chooses to grant trading authority or control over Customer’s account to a Trading Agent, Customer agrees to enter into a power of attorney agreement (‘POA’) with the Trading Agent to permit the same, and to furnish the POA to Prestige Wealth Investments.
30.5. Customer acknowledges that upon receipt of the POA, Prestige Wealth Investments is authorized to follow the instructions of the Trading Agent in every respect until Prestige Wealth Investments is notified in writing by the Customer that the POA is revoked or the POA has expired.
30.6. The Customer authorizes Prestige Wealth Investments to debit Customer’s Account in accordance with the terms agreed between Customer and Trading Agent and which are set out in the POA.
30.7. Customers acknowledge that the Trading Agent and many third-party vendors of trading systems, courses, programs, research or recommendations may not be regulated by a government agency. It is the Customer’s responsibility to perform necessary due diligence on the Trading Agent prior to using any of their services and to satisfy themselves of its competence and/or suitability to the Customer.
30.8. Customer acknowledges that it or the Trading Agent may elect to use an automated trading system. Customer acknowledges that PWII does not take any responsibility for any such system. The Customer is aware of the volume of trading and resulting commissions that such systems may generate and the impact that this may have on the performance of the Account Customer accepts the risks associated with the use of computers and data feed systems, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third party vendors and the Customer further agrees to hold Prestige Wealth Investments harmless from any losses in the Account associated with these risks. Customer acknowledges that neither Prestige Wealth Investments nor any of its officers, directors, vendors, employees, agents, associated persons or Prestige Wealth Investments personnel will be liable for any such breakdown or failure.
30.9. Customer understands that by using a Trading Agent or automated trading system, Customer may incur a mark-up, above and beyond the ordinary spread generally provided by Prestige Wealth Investments. Details of any such markup will be displayed in the spread on the client trading account using the automated system and/or provided in the agreement between the Trading Agent and Customer.
30.10. Customer acknowledges that any decisions or actions taken by the Trading Agent on Customer’s behalf shall be deemed to have been taken by the Customer and any losses or gains generated by the Trading Agent’s action shall be for the Customer’s account.
30.11. Customer agrees to indemnify and hold PWII, harmless from and against all liabilities, losses, damages, cost and expenses, including attorney’s fees that arise directly or indirectly from the Trading Agent’s management of the account, including, without limitation all actions, instructions or omissions by the Trading Agent.
30.12. The Customer acknowledges that the risk factor in trading foreign exchange, commodities, futures, Forex, CFDs, Options and Spread Betting is substantially high, and therefore the Customer further acknowledges that she/he should carefully consider trading through Prestige Wealth Investments, whether through a Trading Agent or otherwise, if the Trader does not have capital, she/he can afford to lose.
31.1. Prestige Wealth Investments will not share or sell information regarding customers and/or prospective customers, except to its employees, agents, partners, and associates as required in the ordinary course of business, including, but not limited to, Prestige Wealth Investments’s banking or credit relationships, or to other
31.2. persons as disclosed in Prestige Wealth Investments’s Privacy Statement.
31.3. Prestige Wealth Investments may also disclose to federal or state regulatory agencies and law enforcement authorities’ information regarding Customer and Customer’s transactions in response to a request for such information or in response to a court order or subpoena.
31.4. Prestige Wealth Investments will share or sell statistical information without disclosing Customer’s identity.
32.1. This Agreement shall continue in effect until termination, and may be terminated by Customer at any time upon three days prior written notice (which may be by email) when Customer has no Forex, CFDs, Options and Spread Betting position(s) and no liabilities held by or owed to Prestige Wealth Investments upon the actual receipt by Prestige Wealth Investments at its home office of written notice of termination, or at any time whatsoever by Prestige Wealth Investments upon the transmittal of written notice of termination to Customer; provided, that such termination shall not affect any transactions previously entered into and shall not relieve either party of any obligations set out in this agreement nor shall it relieve Customer of any obligations arising out of any deficit balance.
32.2. Sections 14, 17, 19, 24, 31, 43 shall survive termination of this Agreement for any reason.
33.1. All copyright, trademark, trade secret and other intellectual property rights and proprietary rights to the Prestige Wealth Investments website in its totality, its contents and any related materials shall remain at all times the sole and exclusive property of the Prestige Wealth Investments and its licensors and in the case of third party materials available on the Prestige Wealth Investments web site to such third party and Customers shall have no right or interest in the Prestige Wealth Investments IP except for the right to access and use the Prestige Wealth Investments IP as specified herein.
33.2. Customer acknowledges that the Prestige Wealth Investments IP is confidential and has been developed through the expenditure of substantial skill, time, effort and money.
33.3. The Customer will protect the confidentiality of the Prestige Wealth Investments IP and not allow website access to any third party.
33.4. Customers will not publish, distribute, or otherwise make available to third parties any information derived from or relating to the Prestige Wealth Investments IP.
33.5. Customer will not copy, modify, de-compile, reverse engineer, or make derivative works of the
33.6. Prestige Wealth Investments IP or in the manner in which it operates.
33.7. If Customer has comments on Prestige Wealth Investments’s services or ideas on how to improve them, Customer is welcome to contact Prestige Wealth Investments. By doing so, Customer grants Prestige Wealth Investments a perpetual, royalty-free, irrevocable, transferable license, with right of sublicense, to use and incorporate Customer’s ideas or comments into the Prestige Wealth Investments’s services, and to otherwise exploit Customer’s ideas and comments, in each case without payment of any compensation.
34.1. Customer agrees and acknowledges that all conversations regarding Customer’s account(s) between Customer and Prestige Wealth Investments personnel may be electronically recorded with or without the use of an automatic tone warning device.
34.2. Customer further agrees to the use by Prestige Wealth Investments, its subsidiaries, affiliates and agents of such recordings and transcripts as it deems fit in connection with any dispute or legal proceeding that may arise.
34.3. Customer understands that Prestige Wealth Investments destroys such recordings at regular intervals in accordance with Prestige Wealth Investments’s established business procedures and Customer hereby consents to such destruction
35.1. Without limiting the foregoing, Customer understands that laws regarding financial contracts vary throughout the world, and it is Customer’s obligation alone to ensure that Customer fully complies with any law, regulation or directive, relevant to Customer’s country of residency with regards to the use of the Web site.
35.2. For avoidance of doubt, the ability to access PWII’s Web site does not necessarily mean that Prestige Wealth Investments’s services, and/or Customer’s activities through it, are legal under the laws, regulations or directives relevant to Customer’s country of residency.
35.3. This Web site does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized, or to any person to whom it is unlawful to make such an offer or solicitation.
35.4. Access to this Web site, and the offering of financial contracts via this site, may be restricted in certain jurisdictions, and, accordingly, users accessing this site are required to inform themselves of, and to observe, such restrictions.
36.1. By acceptance of this Agreement, Customer hereby declares that the moneys invested in Customer’s account with Prestige Wealth Investments do not originate from drug trafficking, abduction, or any other criminal activity.
37.1. Customer knows, understands and agrees that, in general, Prestige Wealth Investments does not collect tax for any authority in any form or manner.
37.2. Without limiting the foregoing, it is Customer’s obligation alone to calculate and pay all taxes applicable to you in Customer’s country of residence, or otherwise arising as a result of Customer’s trading activity from the use of the Prestige Wealth Investments’s services.
37.3. Without derogating from Customer’s sole and entire responsibility to perform tax payments, Customer agrees that Prestige Wealth Investments may deduct tax, as may be required by the applicable law, but is not obligated to do so, from the results of the activity with Prestige Wealth Investments.
37.4. Customer is aware that amounts that may be withdrawn by Customer from Customer’s account are “gross amounts”, from which the Prestige Wealth Investments may deduct such taxes, and that Customer shall have no claim towards Prestige Wealth Investments with regard to such deductions.
38.1. Customer acknowledges that the Customer’s trading account may be subject to inactivity fees unless prohibited by law. After 6 consecutive months of non-use (“Inactivity Period”), and every successive Inactivity Period, an inactivity fee will be deducted from the value of the Customer’s trading account. This fee is outlined below and subject to client relevant currency-based account:
Applicable fees are subject to change periodically.
38.2. Customer acknowledges that the Customer’s Trading account may be subject to an annual administration fee unless prohibited by law. After 12 consecutive months of non-use (“Annual Inactivity Period”), an administration fee will be deducted from the value of the Customer’s trading account. This fee is outlined below and subject to client relevant currency-based account: This is to offset the cost incurred in making the service available, even though it may not be used.
Applicable fees are subject to change periodically.
39.1. Customers acknowledge that applicable laws require financial institutions to obtain, verify, and record information identifying each person who opens an account.
39.2. Customer further acknowledges that Prestige Wealth Investments makes efforts to prevent fraud and to confirm Customer’s identity.
39.3. Accordingly, Customer has provided Prestige Wealth Investments, or shall provide Prestige Wealth Investments promptly following the opening of the trading account, with certain identifying information and documents as shall be requested by PWII, including a copy of Customer’s ID, a copy of Customer’s utility bill (e.g., phone bill, property tax bill), and copies of both sides of Customer’s credit card (in the event deposit has been made through credit card).
39.4. Customer confirms that Customer has provided true, accurate, current and complete information during the registration process, and that Customer has not impersonate any person or entity, or misrepresented any affiliation with another person, entity or association, used false headers or otherwise concealed Customer’s identity from Prestige Wealth Investments for any purpose.
40.1. Customer further acknowledges and accepts PWII’s procedures with respect to withdrawals and deposits to accounts as set forth below:
III. Withdrawals from inactive accounts (no trading activity at all or no trading activity for the last 6 months) will incur a charge of $10 USD or 10% of withdrawal amount, whichever is higher.
VII. Alternative payment methods (internet payment vendors; money transfer services; etc.): when depositing funds using a facility other than credit cards and/or banks, you agree to, and acknowledge being bound by, the regulations and rules
of such service, including, but not limited to, fees and other restrictions. Prestige Wealth Investments, at its sole discretion, may execute withdrawals to a facility other than the facility used for the original deposit, in accordance with anti-money-laundering regulations.
41.1. Customer hereby consents to receive account statements and trade confirmations online.
41.2. Prestige Wealth Investments will provide customers with password-protected access to online reports.
41.3. Customers will be able to generate Daily, Monthly and Annual account statements detailing transaction activity, profit and loss statements, open positions, margin balances, account credits and debits, etc.
41.4. Hard copies of Monthly customer statements are available upon request only and may incur an additional charge.
41.5. Statements are deemed received when made available to customers by Prestige Wealth Investments, regardless of whether the customer actually accessed the statement.
41.6. Customer is responsible for alerting Prestige Wealth Investments to any change in their email address.
41.7. This consent shall be effective until revoked by customer in writing and received by Prestige Wealth Investments according to Section 16 of this customer agreement.
42.1. By electronically signing Prestige Wealth Investments’s General T&C agreement and related documents, Customer acknowledges receipt of the customer account letter, customer agreement and other documents contained as part of Prestige Wealth Investments’s electronic account package and Customer agrees to be bound by their terms and conditions.
42.2. In addition, by signing Prestige Wealth Investments’s account agreement and related documents, Customer is consenting to Prestige Wealth Investments maintaining and Customer receiving electronic records of Customer’s trades and accounts.
43.1. Customer hereby acknowledges and consents to PWII executing orders over the counter and outside a regulated market or MTF.
44.1. Customer understands, acknowledges and agrees that Prestige Wealth Investments may amend or change this Agreement at any time.
44.2. Prestige Wealth Investments will provide notice to Customer of any such amendment or change by posting the amendment or change on Prestige Wealth Investments’s website or by sending an e-mail message to Customer at least 7 days before it takes effect.
44.3. Customer agrees to be bound by the terms of such amendment or change on that date.
44.4. In the event that Customer objects to any such change or amendment, Customer agrees to liquidate Customer’s open positions and instruct Prestige Wealth Investments regarding the disposition of all assets in Customer’s account within ten (10) business days after notice of the amendment or change has been posted on Prestige Wealth Investments’s website or otherwise notified Customer.
44.5. No waiver or amendment of this Agreement may be implied from any course of dealing between the parties or from any failure by PWII or failure of Prestige Wealth Investments’s agents to assert its rights under this Agreement on any occasion or series of occasions.
44.6. No oral agreements or instructions to the contrary shall be recognized or enforceable.
45.1. This Agreement together with all references to PWII’s policies and procedures made in this Agreement, and together with the Risk Disclosure Statement and Privacy Statement embodies the entire agreement between Prestige Wealth Investments and the Customer, superseding any and all prior written and oral agreements.
46.1. Customers may not assign or transfer any of its rights or obligations under this Agreement to a third party without the prior written consent of Prestige Wealth Investments. Any attempted assignment or transfer in violation of the foregoing will be void. Prestige Wealth Investments may freely assign this Agreement.
47.1. This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby shall be governed by, construed and enforced in all respects in accordance with the laws of SVG and Prestige Wealth Investments.
48.1. This Agreement shall be continuous and shall cover, individually and collectively, all accounts of Customer at any time opened or reopened with Prestige Wealth Investments irrespective of any change or changes at any time in the personnel of Prestige Wealth Investments or its successors, assigns, subsidiaries, affiliates or agents.
48.2. This Agreement
including all authorizations, shall inure to the benefit of Prestige Wealth Investments and its subsidiaries, affiliates, agents, successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon Customer and/or the estate, executor, trustees, administrators, legal representatives, successors and assigns of Customer.
48.3. Customer hereby ratifies all transactions with PWII effected prior to the date of this Agreement, and agrees that the rights and obligations of Customer in respect thereto shall be governed by the terms of this Agreement.
CUSTOMER ACKNOWLEDGES HAVING RECEIVED, READ AND UNDERSTOOD THE FOREGOING CUSTOMER AGREEMENT AND HEREBY AGREES TO BE BOUND BY ALL OF THE TERMS AND CONDITIONS HEREOF.
Risk Disclaimer: Trading in derivatives and other financial
instruments involves significant risk and may result in losses exceeding your
initial investment. Investors should seek independent financial and professional
advice before engaging in any investment activities, particularly those involving
leveraged products such as CFDs, commodities, options, and futures. These types of
trading are not suitable for all investors and should only be undertaken with funds
that you can afford to lose.
Financial markets carry both high potential rewards and high risks. Prior to
investing, ensure you fully understand the risks involved and assess whether such
trading aligns with your financial objectives and risk tolerance. CFD trading may be
restricted or prohibited in certain jurisdictions. It is your responsibility to
ensure that such services are permitted under your local laws and
regulations.
Prestige Wealth Investments and Information Service (PWII) does not offer its
services to residents or citizens of countries where such distribution or use would
be in violation of local laws or regulations, including but not limited to the
United States, Cuba, Iraq, Myanmar, North Korea, and Sudan. Nothing on this website
should be considered as financial, legal, or tax advice, and no content constitutes
a solicitation or recommendation to engage in any trading activity.
