INDEMNITY

INDEMNITY FOR DEALING WITH IBR-GLOBAL MARKETS LTD

I/ We (hereinafter called the “Visitor or Client” which expression shall wherever the context so admits include its successors-in-title and assigns) hereby give this Indemnity to IBR-GLOBAL MARKETS LTD.

WHEREAS I am/ We are fully aware that the value of an investment, and the income from it, can fall and rise because of stock market and currency movements and I/ We may not get back the amount originally invested. Stock market prices, currencies and interest rates can move irrationally and can be affected unpredictably by diverse factors, including political and economic events. How the investment has performed in the past is not a guide to how it will perform in the future. IBR-Global Markets Ltd only provides information about its own products and services.

IN CONSIDERATION of IBR-GLOBAL MARKETS LTD (hereinafter called “the Company”) providing its various services for me/ us, I/ We hereby indemnify and hold the Company harmless and fully indemnified from any claim, action, damages, liability or suit arising from its online business transactions, including but not limited to the following;

  1. Provision of FX Portfolio Management service;
  2. Provision of Segregated Account service;
  3. Provision of Introducing Brokers service.
  4. Provision of IBR Xchange service.
  5. Provision of Market Signals service.
  6. Provision of Social Trading service.

 

I/ We acknowledged and recognized the risks involved with the trading in Online Foreign Exchange, I/ We undertake to be fully and solely responsible for all risks that may arise from trading in Online Foreign Exchange through IBR-GLOBAL MARKETS LTD either directly or indirectly, and against all losses which may be suffered by me/ us as a result of the nature of trading in Online Foreign Exchange.

Furthermore, I/ We hereby irrevocably and unconditionally agree that in addition to any general lien or similar right to which the company may be entitled by law, the company may at any time and without notice to me/ us combine or consolidate all or any of sum of my/ our Portfolio/Deposit with and liabilities to the company in any currency that may at any time ben in possession of the company and set off or transfer any sum or sums standing to the credit of any one or more of such deposit/ portfolio in or towards satisfaction of any claim made against the company or loss suffered by the company as a result of or pursuant to the company processing of transactions.

This Indemnity is to be in addition to and is not to prejudice or be prejudiced by any other indemnity which has been or may now or hereafter be executed by us/me in connection with any agreement between us, and shall be binding on us/me as continuing security notwithstanding any payments from time to time made to you or any settlement of account or disability, incapacity, insolvency or bankruptcy that may affect us/me or any other thing whatsoever.

You are to be at liberty without thereby affecting your rights hereunder at any time and from time to time at your absolute discretion to release, discharge, compound with or otherwise vary or agree the liability under this Indemnity or make any other arrangements with us/me.

This Indemnity shall be enforceable notwithstanding any change in your name or any change in your constitution, your successors or assigns or by your amalgamation with any other company.

This Undertaking shall be a continuing obligation in respect of any and all matters connected to or arising from the Company’s business activities.

This Indemnity shall be construed in accordance with the laws of the Federal Republic of Nigeria, and shall remain valid from the date stated hereunder until released by the Company.

Dated this 20th of March, 2016.