Terms and Conditions

Terms and Conditions


Please read these terms and conditions carefully. By accessing this site and any pages thereof, you
agree to be bound by the terms and conditions below. If you do not agree to the terms and conditions below, do not access this site, or any pages thereof.


Use of information and materials


The information and materials contained in these pages, and the terms, conditions, and descriptions
that appear, are subject to change. Unauthorized use of Financika's web sites and systems including but
not limited to unauthorized entry into Financika's systems, misuse of passwords, or misuse of any
information posted on a site is strictly prohibited. Not all products and services are available in all
geographic areas. Your eligibility for particular products and services is subject to final determination by
Financika and/or its affiliates.


Copyright and Trademarks

Copyright in the pages and in the screens displaying the pages, and in the information and material
therein and in their arrangement, is owned by Financika unless otherwise indicated.
Financika, LTD and the Financika are trademarks and service marks of Financika and are used and/or
registered throughout the world. Financika, Ltd and their subsidiaries also claim rights in certain other
trademarks and service marks contained in these web pages.

Links

This site may contain links to web sites controlled or offered by third parties (non-affiliates of Financika).
Financika hereby disclaims liability for, any information, materials, and products or services posted or
offered at any of the third party sites linked to this website. By creating a link to a third party web site,
Financika does not endorse or recommend any products or services offered or information contained at
that web site, nor is Financika liable for any failure of products or services offered or advertised at those
sites. Such third party may have a privacy policy different from that of Financika and the third party
website may provide less security than the Financika.

INFORMATION CONTAINED HEREIN has no regard to the specific investment objective, financial
situation or particular needs of any specific recipient. The content herein is published solely for
informational purposes and is not to be construed as a solicitation or an offer to buy or sell any spot
currency transactions, options, derivative products, futures, or other securities or related financial
instruments. The content is based on information obtained from sources believed to be reliable but is
not guaranteed as being accurate, nor is it a complete statement or summary of the markets of
developments referred to in the content. This information should not be regarded by recipients as a
substitute for the exercise of their own judgment. Any opinions expressed in this content are subject to
change without notice and Financika is not under any obligation to update or keep current the
information contained herein. Spot foreign currency transactions, options, derivative products and
futures are not suitable for all investors, and trading in these instruments is considered risky. Past
performance is not necessarily indicative of future results. Financika accepts no liability whatsoever for
any loss or damage of any kind arising out of the use of all or any part of this content. No part of this
content may be reproduced or distributed in any manner without the written permission of the provider
via the Internet or otherwise. Financika accepts no liability whatsoever for the actions of third parties in
this respect.

No warranty

The information and materials contained in this site, including text, graphics, links or other items are
provided “As Is”, “As Available”. Financika does not warrant the accuracy, adequacy or completeness of
this information and materials and expressly disclaims liability for errors or omissions in this information
and materials. No warranty of any kind, implied, expressed or statutory including but not limited to the
warranties of non-infringement of third party rights, title, merchantability, fitness for a particular
purpose and freedom from computer virus, is given in conjunction with the information and materials.

Limitation of liability

In no event will Financika be liable for any damages, including without limitation direct or indirect,
special, incidental, or consequential damages, losses or expenses arising in connection with this site or
any linked site or use thereof or inability to use by any party, or in connection with any failure of
performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or
line or system failure, even if Financika, or representatives thereof, are advised of the possibility of such
damages, losses, or expenses.

Submissions

All information submitted to Financika via this site shall be deemed and remain the property of
Financika and Financika shall be free to use, for any purpose, any idea, concepts, know-how or
techniques contained in information a visitor to this site provides Financika through this site. Financika
shall not be subject to any obligations of confidentiality regarding submitted information except as
agreed by the Financika entity having the direct customer relationship or as otherwise specifically
agreed or required by law. Nothing contained herein shall be construed as limiting or reducing
Financika's responsibilities and obligations to customers in accordance with the Financika Privacy Policy.

Time Limit

The client accepts as part of the conditions, that his account will remain operational until his
cancellation request with a prior notice of thirty (30) days. Likewise the client accepts that in the case
that there are no registered transactions of three (3) consecutive months on his account and /or , his
account shows a balance below 100 USD (a hundred dollars), the account and its balance will be
considered non-operational.

Availability

This site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country
where such distribution or use would be contrary to local law or regulation.

Promotions

The Client accepts as part of the condition, that any promotional bonus and/or credit granted to the
Client shall be granted under the following conditions:

1. Bonus may only be redeemed once all the conditions below are met accumulatively.

2. Bonus may only be redeemed once during the promotional period per customer per live account.

3. Customers may apply for only one Financika promotional offer during the promotion period.

4. Financika, in its sole discretion, will determine if a customer's deposit and trading activity are entitled
to retain a promotional bonus.

5. Total refund shall not exceed the initial deposit amount.

6. Withdrawal of bonus funds is contingent upon generating 5000 times the volume of the net deposits.

7. Bonus may only be redeemed when registering with client’s real contact details.

8. To claim a bonus, customers are kindly requested to send an email to our Promotions department.
In addition to the above, certain additional conditions may apply.


CUSTOMER TRADING AGREEMENT:


This Client Trading Agreement ("Agreement") is between Financika (Sharp Trading) Ltd. authorized to
carry on the business of dealing in securities by the Vanuatu Ministry of Finance and Economic
Management as the holder of Dealers in Securities (Licensing) ACT [CAP.70] and its affiliates, operator of
the brand name Financika (hereinafter: "Financika") and any end user (“Client”) (each a "Party" and
together, the "Parties") and applies to any dealings between them. This Agreement incorporates by
reference any additional appendices, including but limited to the Risk Disclosure and Declaration of

Beneficial Ownership.

1. General Rules

1.1. Services. Client may enter into transactions with Financika, in connection with spot and forward
foreign currency contracts, foreign currencies swap transactions, and such other transactions as
Financika may from time to time make available (the “Services”).

1.2. Margin. The Services may involve margined transactions, requiring Client to deposit cash to secure
its obligations under this Agreement (“Security Margin”).

1.3. Direct Relationship. Unless otherwise agreed in writing, Financika and Client each enter into this
Agreement as principal and Financika will not accept an undisclosed/unapproved principal acting
through Client. With regard to such a principal, Client agrees to provide Financika with its identity,
personal information, and other information that Financika may seek.

1.4. No Recommendation or Solicitation. Financika does not recommend, solicit, offer, advise, suggest,
concur on the merits of, or otherwise provide any opinion whether to buy or sell any currency or to
engage in any other transaction. Neither the availability of the Services nor any communication by
anyone associated with Financika should be construed in this manner.

1.5. Errors. Quotations provided by Financika, via third parties or otherwise, may be incorrect for any
reason. Following a transaction involving such quotation errors, Financika in its discretion reserves the
right to correct the affected account balance. Any dispute arising from such errors or corrections will be
resolved on the basis of the fair market value of the relevant currency at the time of the error.

1.6. Market Fluctuations. Client acknowledges that the market for currency is subject to sudden
changes due news events and other announcements, acts of war or terrorism, power failures, strikes or
civil commotions, business trends, political developments, fluctuations in other financial and commodity
markets, and other factors beyond Financika's control. Financika may determine in its sole discretion
that an emergency or exceptional market condition exists, in which case it reserves the right to impose
trading limits or special terms, cancel or suspend any transaction, or close an account.

1.7. Minimum Duration of Trade. Any transaction closed within 120 seconds from opening time shall be
regarded as “Scalping”. Financika shall reserve the right to cancel such transactions without prior notice.

1.8. Trading Indices. The Client hereby acknowledge that he is aware that in the case of Contract for
Difference (CFD) trade, Financika shall open its trading within 5 minutes of the opening of the relevant
market. Financika reserves the right not to accept any trade of such instrument during the first 5
minutes of the trading day. Financika reserves its right to cancel any trade, in its own discretion, of such
instrument made during the first 5 minutes of the trading day.

2. Client Instructions and Order Execution

2.1. Client may provide oral or written instructions to Financika to place an order. Written instructions
may be given by letter, fax, the Financika website, cellular or other electronic means of communication.
Oral instructions may be given in person or by telephone, but Financika may require written
memorialization of such instruction. In case of an order received by the Company in any means other
than through the electronic Trading Platform, the order will be transmitted by the company to the
electronic Trading Platform and processed as if it was received through the electronic Trading Platform.
The Client accepts the risk of misinterpretation and/or mistakes in the instructions and/or Orders sent
through means other than the electronic Trading Platform, regardless of how they have been caused,
including technical and/or mechanical damage. Once an instruction has been given, it cannot be
rescinded, withdrawn or amended without Financika's express consent. Financika shall not be obligated
to confirm instructions.

2.2. Financika may request new instructions from Client, which shall provide them promptly.

2.3. Client shall advise Financika of the identity of any persons authorized to give instructions. Such
notice shall be in writing and shall set out the names and specimen signatures of the persons so
authorized. Any such authority may be revoked by notice in writing by the Client but such revocation
shall only be effective upon written confirmation by Financika.

2.4. The Client will be solely responsible for all orders, and for the accuracy of all information,
transmitted via the Internet using Client’s name or personal identification code. Such transmission shall
not give rise to a binding contract between Financika and Client until Financika accepts or acts upon it.

2.5. If Financika does not receive instructions from Client to settle open positions by the close of a given
business day, Financika is authorized (but not obligated) to leave the same positions open overnight.

2.6. In case of open positions left overnight, as described in section 2.5 above, the Client will be charged
with a Financing Fee of 0.015% of its trading account current exposure on 00:00 GMT regardless of any
interest rates differences.

2.7. Financika shall not be liable, and Client shall defend, indemnify, and hold harmless Financika, for any
loss, expense, cost or liability, arising from error in instructions; instructions or other communications
transmitted over the Internet; Client's failure to notify of revocation of authority; Client's failure to issue
new instructions on Financika 's request; remedial measures by Financika in its absolute discretion upon
such failure; Financika 's actions on instructions transmitted via the Internet using Client’s name or
personal identification code or from an individual who appears mistakenly to Financika to be an
authorized person; or Financika 's refusal for any reason or no reason to act upon instructions.

2.8. Withdrawal Instructions- The Client may withdraw all or part of the funds deposited with Financika
upon the fulfillment of the following accumulative conditions:

2.8.1. It has provided all compliance or any other required documents to Financika.

2.8.2. It has completed and signed the designated Financika “Withdrawal Request Form”, providing all
the necessary information stated in the form.

2.8.3. It does not hold any open positions in the Client’s trading account with Financika.

2.8.4. It had sent the completed “Withdrawal Request Form” to the Financika Client support via fax or e
mail.

2.9. Financika shall execute the Client’s withdrawal within 96 working hours once all the above
conditions are met and upon approval of such by the Financika Back Office Department. The Client
acknowledges that fund transfer times may vary according to its account type, issuing bank,
intermediary bank, receiving bank, destination country or any other 3rd party involved in the transfer of
funds. Financika shall not be liable for any fund transfer delay caused by such 3rd party.

2.10. The Client acknowledges that the requested transfer of funds may be charged with additional
transfer fees from third parties to the transfer. The Client agrees to pay any incurred bank transfer fees
when withdrawing funds from his sub-account to his designated bank account. Financika does not
charge any withdrawal fees. In addition, the Client acknowledges that in case the received funds are
converted to any other currency other than US Dollars, some exchange fees may apply. The Client is fully
responsible for payments details, given to the Company and the Company accepts no responsibility for
the Client‘s funds, if the Client‘s given details are wrong. It is also understood that the Company accepts
no responsibility for any funds not deposited directly into Company‘s bank accounts.

2.11. Should a withdrawal request had failed to meet the withdrawal accumulative conditions set out in
section 2.8 above; the withdrawal request will be cancelled within 30 days of its request and the Client
may re request for the withdrawal. Such withdrawal re request shall be subject to the withdrawal
general terms as set out above.

2.12. The Client acknowledges that Anti Money Laundering Regulations does not allow the transfer of
fund to any third party other than the beneficial owner of the Financika trading account. In addition,
Financika may require further documentation regarding the origin of funds and/or the beneficial owner.

2.13. The Client is informed that for any orders placed with the Company for the financial instruments
offered by the Company, the Company acts as an Agent and not as a Principal on the Client‘s behalf. The
sole Execution Venue for the execution of the Client‘s orders is Naxex Belize Ltd Ltd, an Investment Firm
registered under the Belizean International Financial Services Commission (IFSC).

2.14.Complaints - Based on an operational agreement with Financika (Sharp Trading) Ltd., Cubbon
Services Ltd. will handle complaints where End-Users have deposited money through Cubbon Services
Ltd. Our customer service is always available for any request, complaint or inquiry you may have at :
Customer.Service@Financika.com. We have put in place formal procedures for handling complaints
fairly and promptly, and each such filed inquiry shall be thoroughly investigated and addressed in a fair
manner.

3. Client Representations

The Client hereby represents that:

3.1. it has read and understood, and agrees to the terms and conditions of this Agreement;

3.2. it understands the high degree of risk associated with foreign currency trading subject to unknown
market movements and other factors which can give rise to losses exceeding the Client’s original
Security Margin, and that it can afford to lose the sums that it remits to Financika and incur additional
losses;

3.3. money, investments or other assets supplied by the Client to the Company, fully belong to the Client
and are, at all times, free of any charge, lien, pledge or encumbrance and are not proceeds of any illegal
act or omission or product of any criminal activity;

3.4. the Client is not under any legal disability with respect to, and is not subject to any law or regulation
which prevents its performance according to this Agreement;

3.5 the Client acts for himself or if not, the Client warrants and represents that it has obtained all
necessary consents and authorizations to operate according to this Agreement and produces, to the
Company’s satisfaction, the document(s) indicating such consents and authorizations;

3.6 should the Client be a legal entity, then the Client warrants and represents that it has obtained all
necessary corporate consents and authorizations as per the entity’s constitutional and organizations
documents and produces, to the Company’s satisfaction, the document(s) indicating such consents and
authorizations;

3.7 the Client is in compliance with all laws and regulations to which it is subject including, but not
limited to, laws and regulations relating to tax matters, exchange control and registration requirements;

3.8 any information provided by the Client is complete accurate and not misleading in any material
respect;

3.9 any document handed to the Company by the Client is valid and authentic.

3.10 subject to this Agreement, all sums remitted to satisfy the Security Margin are and shall at all times
remain free from any charge, lien, pledge or encumbrance;

3.11 it is in compliance with all laws to which it is subject including, without limitation, all tax laws and
regulations, exchange control requirements and registration requirements;

3.12 the foreign exchange market is unregulated and as such, it understands that will not benefit from
any statutory or other compensation scheme in respect of the Services;

4. Margin Requirements

4.1. The Client shall remit to Financika such amounts of money as required by Financika, in a currency
acceptable to Financika, to cover Client's Security Margin and any account debit balance.

4.2. Financika will have no obligation to ensure Security Margin requirements have been satisfied by the
Client before effecting an order and the Client’s payment obligations will not be diminished by any
failure by Financika to enforce payment of outstanding Security Margins prior to entering into the
transaction.

4.3. Financika may use any money received from the Client in order to satisfy Financika obligations
related to such Client to any third party and Financika shall not be obliged to account to the Client for
any resulting income received by Financika.

4.4. The Client shall promptly deliver any money payable by it under a third-party contract in accordance
with both the terms of that contract and with any instructions given by Financika for the purpose of
enabling Financika to perform its obligations under such contract.

4.5. Financika may (but shall not be obligated to) convert into another currency at an exchange rate
acceptable to Financika any Client monies held by it as Financika considers necessary or desirable to
satisfy Client’s obligations and liabilities.

4.6. If the Client fails to satisfy a required Security Margin or other sum due under this Agreement,
Financika may close out any or all open positions without prior notice and apply any proceeds thereof to
payment of any amounts due to Financika. Financika reserves the right to return funds deposited by
Client at any time with or without reason.

5. Spread rates, Margin and Leverage

5.1. Financika reserves the right to modify Security Margin requirements in line with the size of the
Client's deposit, size of transactions, market conditions characterized by particular volatility or lack of
liquidity, or other factors determined by Financika. Financika reserves the right to offer different spread
rates in accordance with the size of the Client's Security Margin and/or positions.

5.2. Client is wholly responsible for verifying the activity of its accounts, as well its Security Margin
requirement. Such requirements are available upon request or on the Financika website.

5.3. The 1 (one) standard lot size is the measurement unit specified for each Financial Instrument traded
in the Electronic Trading Platform. The Company reserves the right to change the Contract Specifications
at any time depending on the market situation. The Client agrees to check the full specification of the
Financial Instrument before placing any order. A possible choice of a maximum leverage rate, according
always to the account type, ranges from 1:50 up to 1:300 depending on the type of the account and at
the discretion of the Company, all provided that in no event shall the exposure in a single account
exceed 30 Million US dollars. At opening of a Client trading account, the leverage rate is predetermined
according to the type of account chosen by the Client. The Client may request for a lower leverage to be
applied to their trading account by contacting the Company.

5.4. The Company reserves the right to change the Client‘s trading account leverage at its discretion,
either for a limited time period or on a permanent basis, by publication on the company website and/or
written notice sent by mail.

5.5. In case of absence of any trading activity within three (3) months of the Client‘s account, the
Company reserves the right to charge a quarterly fixed payment of 100 US dollars in order to maintain
the account assuming that the Client Account has the available funds. If the Client account is funded by
less than 100 US dollars and has been inactive for a period of three (3) months, the Company reserves
the right to charge a lower amount to cover administrative expenses and close down the account.

6. Right of Pledge, Lien, Set-Off and Retention

Financika shall, at any time and without prejudice to any other rights Financika may have, be entitled to
combine or consolidate separate Client accounts, offset against each other the balances of any Client
accounts (regardless of designation or currency of the account) or offset each balance individually. For
any Financika claims arising from Services relating to Client, irrespective of the maturity dates of such
claims or of the currencies in which they are denominated, Financika shall have a right of lien and
pledge, and a right of retention, on all assets or security held in Client’s name or otherwise deposited
with Financika, or any guarantee or indemnity given to or owed Financika by Client.

7. Default

Without prior notice to, or receipt of further authority from the Client, Financika shall have the right to
close out all or any part of any position or account of Client, upon or at any time after the occurrence of
any of the following events:

7.1. Client fails to make any payment due under this Agreement promptly;

7.2. Client fails to observe or perform in whole or in part any of the provisions of this Agreement or
commits a breach of this Agreement;

7.3. Client maintains parallel accounts for the purpose of arbitraging Financika promotions or policies, in
Financika's sole discretion;

7.4. Client dies, is declared absent or becomes of unsound mind;

7.5. A bankruptcy petition is filed in respect of the Client or, if a partnership, in respect of one or more of
its partners or, if a company, any steps are taken or proceedings initiated or protection sought under
any applicable bankruptcy reorganization or insolvency law by it in respect of itself or against it
including, without limitation, the taking of any steps for the appointment of a receiver, trustee,
administrator or similar officer to be appointed over its undertaking or assets or any part of them;

7.6. Client performs a credit card chargeback. In this case, any Client accounts will be frozen and all
positions will be closed at the end of the trading day in a manner prescribed by Financika;

7.7. Financika or the Client is requested to close out a position or any part of a position by any
governmental or regulatory agency or authority;

7.8. Financika considers it necessary for its own protection;

7.9. The Client acknowledges Financika's right to close out all or any part of any open position of the
Client held by Financika should a negative result of these positions lead to surpass the required Security
Margin.

7.10. Client who engages or suspected in what is deemed, illegitimate, unlawful, unethical system
abuse, system arbitrage, quotation arbitrage or any other trade that may be deemed at one point or
another as a violation of trading standards be it based on the amount of time the transaction was
opened or by virtue of the fact that the trade was opened inadvertently at an incorrect price, time, or
instrument.

8. Internet and electronic trading

Financika shall not be liable for any claims, losses, damages, costs or expenses, caused directly or
indirectly, by any breakdown or failure of any transmission or communication system or computer
facility, whether belonging to Financika, Client, any market, or any settlement or clearing system.

9. Amendments to the Agreement

The Company reserves the right to amend this Agreement at any time by posting on the Company
website.

10. Jurisdiction

The Agreement will be interpreted in accordance with the law of Vanuatu. For any disputes arising
under this Agreement, the Parties hereby submit to the exclusive jurisdiction of the courts sitting in
Vanuatu.

11. Miscellaneous

11.1 Communications Recording: The Client understands and accepts that all communications and/or
conversations between the Client and the Company may be recorded for future reference and can be
used by the Company as evidence in case of dispute.

11.2 Marketing and Promotions: The Company reserves the right to register and operate other domains
(websites) for marketing and promotional purposes to specific countries which contain information and
disclosures to clients, and prospective clients, in any language other the English language.

11.3 Entire Agreement: This Agreement between the Client and the Company represents the single and
entire Agreement and completely supersedes any prior representations, negotiations, obligations,
reports, or advertisement of information related to the provision of the Services

Powered by Financika (Sharp Trading) Ltd from Law Partners House, Kumul Highway, Port Vila, Vanuatu
Clearing support services provided by Cubbon Services Ltd from Arch. Makariou III, 55 Athiainou, 7600
Larnaca, Cyprus.