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1 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
Hanseatic Brokerhouse - Introducer Agreement
The Partnership agreement establishes the terms and conditions of Hanseatic Brokerhouse Global Markets
Partnership Program. You are expected to thoroughly read the agreement with caution prior to signing and
engaging into such business relationship. You must agree with and accept all of the following terms and
conditions stated in this Agreement without moderations, including those terms and conditions expressly set
out below and those incorporated herein by reference, before you may become an Introducer of Hanseatic
Brokerhouse Global Markets.
PARTIES TO THE AGREEMENT:
Hanseatic Brokerhouse Global Markets Ltd, hereinafter referred to as the “Company”, is a Cyprus registered
company with company registration number HE251168. The Company provides individual and business
customers direct access to selected products. With the Hanseatic brand the company offers its customers a
unique service in the area of Forex and CFD trading. Hanseatic Brokerhouse Global Markets Ltd is a regulated
EU investment Firm, licensed by the Cyprus Securities and Exchange Commission (CYSEC), under license
no.204/13.
The Introducer shall mean the individual or company who wishes to refer Customers to Hanseatic Brokerhouse
Global Markets Ltd in accordance to the terms and conditions set in this Agreement (hereinafter referred to as
the “Agreement”).
The Introducer shall be sometimes referred to herein as the “Party”, or jointly as “Parties”.
2 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
Contents
1. Definitions ........................................................................................................................................... 3
2. E-signature and Introducer’s Acceptance of the Agreement ............................................................. 4
3. Introducer Representation and Warranties ........................................................................................ 4
4. Introducer Relationship and Activities ................................................................................................ 6
5. Company’s Undertakings .................................................................................................................... 8
6. Reports & Payments ........................................................................................................................... 9
7. Confidentiality and Personal Data Protection .................................................................................. 10
8. Notices .............................................................................................................................................. 12
9. Amendment and Termination .......................................................................................................... 13
10. Force Majeure ................................................................................................................................. 15
11. Regulatory Matters ......................................................................................................................... 15
12. Governing Language ....................................................................................................................... 15
13. Applicable Laws and Place of Jurisdiction ....................................................................................... 16
3 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
1. Definitions
1.1 In this Agreement, the following terms shall have the following meanings, unless the context requires
otherwise:
Client:
Refers to any person whom the Company has approved to open an account(s) under the Client Agreement, for
the introduction of which the Introducer actively mediated so as for the company to enter into a financial
contract.
Client Agreement:
Refers to Terms and Conditions of the Company, that should be accepted by the client when he/she opens a
trading account with the Company and the relevant link.
Application Form:
Refers to the Account Opening Documentation provided by the Company, as amended from time to time by sole
discretion of the Company.
Business Day:
Refers to a day (other than a Saturday or a Sunday or a national holiday) when banks are open for business in
the recognised principal financial centre(s) of the relevant currency/ies and which is also not an official bank
holiday in the Republic of Cyprus.
Company’s Product:
Refers to any Financial Instrument/Product which the Company offers to Clients, in accordance with its CySEC
Licence. The current list of the Company’s Products can be viewed in the following link: https://hanseatic-
brokerhouse.com/trading/
Confidential Information:
Refers to all information concerning the organisation, business, finances, customers, suppliers, employees,
affairs, transactions, trade secrets, operations, processes or dealings of the Principal which is not in the public
domain and which is or may be received by the Introducer in connection with this Agreement and in accordance
with Clause 7 herein.
Effective Date:
Refers to the date in which the Introducer accepts the Agreement.
4 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
Electronic Trading Platform:
Refers to any electronic system (including “Trading Platform”, MetaTrader platforms, web-based platforms,
mobile platforms, etc.) operated by the Company, through which the Company provides investment services to
the Customer.
Eligible Counterparty:
Shall have the meaning set out under the applicable Markets in Financial Instruments Directive (MiFID) and
further CySEC applicable Rules and regulations as these may be amended from time to time.
Fees:
Refers to all the fees, commissions and rebates payable to the Introducer by the Company, in accordance with
this Agreement as set out under Appendix I.
2. E-signature and Introducer’s Acceptance of the Agreement
2.1 The Introducer hereby concedes and agrees that by
(a) by continuing to access or use the Company’s Main Website,
(b) by referring potential new Clients to the Company’s Main Website for the purpose of analysing and providing
information with regards to the financial products offered by the Company and/or
(c) by accepting any commissions and/or payments from the Company or any of its clients, the Introducer and
the Company are therefore entering into a legally binding contract and fully agrees to abide by and to be bound
by all the terms and conditions set out in this Agreement, as they may apply.
3. Introducer Representation and Warranties
3.1 The Introducer obligated under this Agreement to provide accurate and complete information to the
Company at all times. This information includes, but not limited to, identity, contact information, payment
information and instructions, nationality, address, participation in Introducer for other websites, the location
and nature of their activities; which involve introducing, explaining and/or promoting the financial services
offered by the Company to prospective Clients, and any other information that the Company may request at any
time.
3.2 The Introducer has obtained all registration, qualification and/or other requirements of all jurisdictions and
regulatory bodies to the extent that such registration, qualification and/or other requirements are applicable to
him during the term of the Agreement and will remain in strict compliance with all of the foregoing.
5 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
3.3 If the Introducer is a company or any other organization, then they are expected to be duly organized, validly
existing and in good standing under the provisions and law of the relevant jurisdiction.
3.4 The Introducer will act as an intermediary between the Company and his/her Clients for enhancing the
quality of service offered to his/her Clients, as well as introducing and/or explaining the services offered by the
Company to his Clients. As an intermediary, the Introducer will do all that is necessary in order for the Company
and his clients to enter into a contract including but not limited to; carrying out the preparatory work necessary
for the conclusion of an agreement between the Company and the client. Such preliminary work will include
presentation of the details of the financial products offered by the Company to potential investors, comparison
against the respective products of other providers in an effort to convince the potential to investors to invest
with the Company.
3.5 The Introducer will carry on his/her operation(s) and business(es) as an independent contractor and not as
an agent or employee or representative of the Company.
3.6 The Introducer is not allowed to provide any investment advice to the introduced Clients.
3.7 The Introducer is obliged to inform the introduced Clients of any commission received as well as any
additional commissions involved with regards to the service provided under this Agreement.
3.8 The Introducer acknowledges and agrees that the Company is not responsible for the payment of all relevant
duties and/or charges and/or taxes arising from the course of his business.
3.9 The Introducer cannot use the Company’s logo in related correspondence, on business cards or any
electronic communication, etc., unless explicitly authorized to do so.
3.10 The Introducer acknowledges that it is prohibited to register a business that includes the wording
“Hanseatic Brokerhouse Global Markets”. In addition, the Introducer acknowledges that it is prohibited to
register and/or operate a domain name that includes the wording “Hanseatic Brokerhouse Global Markets” in
its name.
3.11 The Introducer represents and warrants that he/she will not use promotional materials related to the
Company on any website, or use any media or medium, which contains materials, including but not limited to,
sites which conforms to any of the following criteria: (a) promote (including links to) sexually explicit materials,
violence, or illegal activities, (b) endorse any kind of discrimination based on race, sex, religion, nationality,
disability, sexual orientation, or age, (c) manipulate keyword searches on portals and/or search engines that
conflict with the Company's, (d) misrepresent themselves as the Company Main Website by co-opting the visual
“look and feel” of or text from the Company's Main Website or otherwise violate the Company's Intellectual
Property rights, including, without limitation, “scraping” text or images from the Company's main Website or
the Company managed Banners and/or texts Links, search marketing or all other online and offline campaigns,
(e) Include Hanseatic Brokerhouse Global Markets or variations or misspellings thereof in the Introducer’s
6 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
domain names, (f) do not clearly make available an online privacy policy to visitors of his/hers website, (g) Are
“under construction” or have broken URL’s or h. Are otherwise considered offensive or inappropriate, in the
Company's sole discretion.
3.12 Except as specifically otherwise provided for in this Agreement, and then only if and to the extent provided
herein, the Introducer is not allowed to send emails to promote the Company, the Company's Main Website,
the Company's Introducing Program and/or the online services offered by the Company.
3.13 Furthermore, the Introducer expressly acknowledges and agrees that the Company does not participate in,
support or indulge mass unsolicited e-mailing (i.e., spamming, desktop scrapes) to promote the Company, the
Company’s Main Website, the Company's Introducer Program and/or the online services offered by the
Company, and the Introducer expressly acknowledges and agrees that is expected to adhere to this policy as
well.
3.14 Such request will be submitted in writing to the Company, associated with all relevant information needed,
and the Company may, at its own discretion, respond with a written approval or refusal to the Introducer. More
specifically, however, the Company does not undertake to approve any of such request, and in case the Company
does approve such e-mailing, separate approval will be needed for each single mailing batch and the Introducer
will have to complete and sign the Company’s standard permission based e-mail marketing and complaining
agreement.
4. Introducer Relationship and Activities
4.1 The Introducer hereby undertakes to acquire prospective Clients with regards to the services offered by the
Company as specified in the Client Agreement. For the introduction of clients, Introducer shall endeavour and
carry out all necessary actions so as for the Company to enter into an agreement with the referred client.
4.2 The Introducer may support prospective Clients on completing account registration forms and if so required,
obtaining/delivering to the Company any documentation that may be required by the Company in order for the
Client to open an account with the Company. The documentation that may be required includes without
limitation forms, agreements or documents as required pursuant to applicable regulations.
4.3 The Introducer shall translate documents, where needed, for the Company as well as explain to the Client
the services offered by the Company. If applicable, the Introducer shall also act as a translator between the
Client and the Company.
4.4 Without prejudgment to the obligations of the Introducer under this Agreement and especially the service
of acting as an intermediary between the Company and the prospective client for the conclusion of a financial
transaction, including the presentation and analysis of the financial products of the Company, the Company is
7 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
not responsible and has no accountability for any advice and recommendation or decision provided by the
Introducer to the Client.
4.5 For the Introducer to be entitled for any commissions with regards to the introduced Client, has to meet all
requirements set in this Agreement, including further Appendices, as well as the Introducer must ensure that he
has mediated so as for the client and the Company to enter into an agreement with the prospective Client before
the prospective Client opens and account with the Company without the Company utilizing the distinct act of
mediation of the Introducer OR the prospective Client came directly from the Introducer’s website and opened
an account with the Company. For the avoidance of doubt, the obligations of Introducer under this agreement
and specifically the obligations in relation to carrying out all actions necessary in order for the Company to enter
into an agreement with the client are not lifted in case where the clients reach the Company through the website
or the Introducer.
4.6 In the case the Introducer maintains a website for promoting his business then, for the purposes of
identifying and targeting suitable opportunities the following functionalities and information should be included:
a) A link should be available leading prospective Clients to the Company’s Main Website(s);
b) The Company’s information and/or logo and/or banners are provided to prospective clients.
c) Description of the Company’s product(s) in order to provide specific information to prospective clients wishing
to enter into a Client Agreement with the Company, in relation to the financial products of the Company.
4.7 The Introducer is required to obtain the Company’s approval prior to uploading any information or
functionalities (as per paragraph 4.6) relating to the Company and its services. In the case where the Introducer
intends to change the Company’s information and/or functionalities that were initially provided and approved
by the Company, then the Introducer needs to obtain a new approval by the Company before he proceeds with
such changes.
4.8 In the event of any disparity between the claim(s) made by the Introducer and the Company with regards to
the introduced Client, the Company shall have the sole discretion in accepting or rejecting the claim(s) of the
Introducer.
4.9 Any prospective Client, who is introduced by the Introducer and opens an account with the Company, will
also be considered the Company’s Client, and will be subject to all of the Company’s rules, policies and operating
procedures that govern their activity at the Company’s Main Website(s) and needs to follow the same procedure
as any other person who opens and account with the Company.
4.10 The Company may at its sole discretion accept or decline any Client introduced by the Introducer and has
the right to terminate the business relationship with any Client, at any time. All data relating to the clients that
8 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
open an Account with the Company will remain the Company’s sole and exclusive property and by entering into
this Agreement the Introducer acquires no right to such information, except as expressly stated herein.
4.11 Without prejudice to the obligations of the Introducer under clause 3.5 of the present Agreement, whereby
the Introducer undertakes to act as an intermediary between the Company and the prospective client for the
conclusion of an agreement and for presenting, to prospective clients, the financial products of the Company
the Introducer shall not direct or influence any Client with regards to his trading or funding facilities unless the
Client has given written consent to the Introducer to do so and in the form acceptable by the Company.
4.12 The Client is required to fund his/her account held with the Company directly from his/her personal bank
account unless otherwise agreed and the relevant documentation is presented and approved by the Company.
The Company has the right to return funds only to the same remitter as the funds were deposited, using the
same payment method.
4.13 The Company will not be liable or responsible for any marketing or promotions that may be initiated by the
Introducer for the needs of his own business purposes and for the provision of the mediations services under
this agreement and for any costs or charges for such activity. The costs will be met exclusively by the Introducer.
4.14 Subject to the terms and conditions of this Agreement and in accordance with the terms and conditions
hereof, the Introducer may refer potential Clients to the Company’s Main Website(s) in order to facilitate
explanations with regards to the financial products offered by the Company and agrees that all intermediary
activities carried out for the purpose of identifying, targeting and referring prospective Clients to the Company
must be professional, proper lawful under applicable regulations.
5. Company’s Undertakings
5.1 The Company warrants making any payments due to the Introducer in respect of the Is Commissions for its
financial services as agreed in this Agreement.
5.2 The Introducer shall be entitled to the Commission structure as agreed and stated in Appendix I, attached,
and may not be subject to any changes unless agreed by both parties.
5.3 The Company is responsible for the calculation and due payment of the Introducer’s Commissions.
5.4 In the event of any dispute, or complaint from a Client, the Company has the right to hold back any
commissions due to the Introducer until such issues are resolved.
5.5 In the event that the Company will identify any abuse on the trading activity of any clients introduced by the
Introducer, such as open and close trades instantly for the purpose of generating commissions, the Company
reserves the right to place time limitation on the Introducer’s profile.
9 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
6. Reports & Payments
6.1 The Company will track and report the trading activity of Clients who have been approved by the Company
to open an account as a result of the active meditation of the Introducer, for the purpose of remuneration
calculated based on the Commissions.
6.2 The transfer of the remuneration of the Introducer by the Broker shall only be carried out, if the
remuneration exceeds an amount of 500.00 EUR. If the Introducer’s statement indicates an amount of less than
500.00 EUR for the month, this amount shall be added to the following month and not be transferred to the
Introducer. In case the remuneration for the settlement period of the settled month plus any added
remunerations from previous months exceeds the amount of 500.00 EUR, the money shall be transferred to the
Introducer by the 15th bank working business day of the following calendar month (e.g. the remuneration for
the month of May shall be calculated and paid by the 15th of June). However, the transfer shall only be carried
out if all documents of the Introducer demanded by the Broker, including legitimization and if necessary certified
company documents are available to the Broker and complete. Provided that the Introducer does not reach the
above-mentioned minimum sum in the amount of 500.00 EUR within three months, the Broker is legitimated to
exercise its special right of cancellation according to this agreement.
6.3 The Introducer shall have to raise objections for inaccuracy or incompleteness of a statement against the
Company at the latest within five business days after its receipt in writing. Failure to raise timely objections shall
be considered as an approval of the statement by the Introducer. The statements contain details regarding the
rise of objections.
6.4 In the event of any trading activity by the clients introduced by the Introducer, that is deemed suspicious by
the Company, then the Company may postpone the payment of Commission(s) until the relevant transactions
are verified. In the event that the Company determines the activity to constitute fraud traffic, the Company is
entitled to terminate this Agreement and/or to recalculate or withhold the Introducer’s Commission(s)
accordingly and in the Company’s sole discretion.
6.5 All payments will be due and payable in Euro only. Payment will be credited to the Introducer’s account, at
the Company’s sole discretion, and as deemed appropriate. The Company may accommodate other methods of
payment or currency. Any charges incurred for other methods of payment will be covered by the Introducer and
deducted from the Commission(s).
6.6 Deposit of payment, acceptance of payment transfer or acceptance of any other payment by the Introducer
will be deemed full and final settlement of the Introducer’s Commissions due for the month designated. Hence,
if there is disagreement send a written notice of dispute. Dispute notices must be in writing and be received
within thirty (30) calendar days of the end of each month for which the payment is made, or the right to dispute
such report or payment will be deemed waived and the Introducer shall be deemed to have waived any all rights
10 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
in relation to such report or such payment and further to have waived any claims of restitution and/or unjust
enrichment.
6.7 In the event that this Agreement is terminated for any reason, other than for cause, the Company shall pay
the Introducer any earned balance of the Introducer’s Commission( s) that is due and payable to the Introducer
at the time of termination of this Agreement, within sixty (60) days after the end of the calendar month in which
the Agreement is terminated by the Introducer (following the Company’s receipt of the Introducer’s written
notice, including by email, to terminate the Agreement) or by the Company. The Introducer is solely responsible
for providing and maintaining accurate address and other contact information as well as payment information
associated with his/her Account.
6.8 The payments made under this Agreement are for use by the Introducer only and may not be transferred or
in any manner passed on to any third party, unless expressly authorized beforehand in writing by the Company
(including by electronic mail).
7. Confidentiality and Personal Data Protection
7.1 Any product, material or document that has been developed or created for the purpose of this Agreement
by the Company is owned by the Company and, except for the purpose of this Agreement, must not be used by
the Introducer (either solely or in conjunction with a third party) without the prior written agreement and
consent of the Company.
7.2 Except as required by law or by a Regulatory Authority, both Parties (and its officers, employees, agents,
contractors and related bodies corporate) must not divulge or make use of any Confidential Information other
than for the purposes of this Agreement. This clause should survive the termination of this Agreement.
7.3 Each party shall provide to the other party such information as the other party may reasonably require in
connection with the performance of its obligations hereunder including but not limited to; information
concerning its business, operations or financial condition, customer lists and other similar information, which
may be confidential, proprietary and/or trade secrets in nature. For the avoidance of doubt, it is recognised that
the Company may possess confidential information relating to Customers which may not be disclosed pursuant
to this Agreement without the express written consent of the relevant Customers.
7.4 Introducer shall keep the terms of this Agreement (including any Appendices and Fees-Agreements)
confidential at all times.
7.5 The parties may, during the term hereof, exchange business information, customer lists and other similar
information, which may be confidential, proprietary and/or trade secret in nature. Any information, documents
or objects of a confidential nature provided by one party to the other (whether or not expressly marked as
11 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
confidential and including Intellectual Property where relevant) (“Confidential Information”) shall be treated by
the Introducer as confidential and each party agrees:
a. not to use Confidential Information provided by the other party other than for the purposes of this
Agreement;
b. not to disclose Confidential Information provided by the other party to any other person (except to
such party’s employees who need to know for the purposes of this Agreement or as may be required
by any Legal and Regulatory Requirements) without the prior written consent of the party who provided
such information; and
c. upon the termination of this Agreement, however occurring, all Confidential Information provided by
the other party shall be promptly returned, except as necessary for it to comply with any Legal and
Regulatory Requirements.
7.6 If Introducer is requested or required by any Regulatory Authority or pursuant to any Legal and Regulatory
Requirements to disclose Confidential Information provided by, belonging or relating to the Company, then it
shall (to the extent permissible by such Regulatory Authority or Legal and Regulatory Requirements) inform the
Company in writing of the fact as soon as possible thereafter.
7.7 The obligations in respect of Confidential Information shall cease to apply to any particular item of
Confidential Information once it becomes public knowledge (other than by the breach of any obligation of
confidentiality by the disclosing party).
7.8 If the Company or Introducer or their respective Groups, officers, employees or agents are required by any
Legal and Regulatory Requirements or Regulatory Authority to obtain or disclose any information each of them
shall use all reasonable endeavours to assist the other to comply with its respective obligations.
7.9 Confidential Information shall not be deemed to be in the public domain merely because any part of the
Confidential Information is included in the general disclosures or because individual features or components are
now publicly known. Introducer’s obligations with respect to the Confidential Information shall terminate when
Introducer seeking to avoid its obligation can document that: (i) it was in the public domain at or subsequent to
the time it was communicated to the receiving party by the disclosing party through no fault of the receiving
party; (ii) it was rightfully in receiving party's possession free of any obligation of confidence; (iii) it was
developed by employees or agents of the receiving party independently and without reference to any
information communicated to receiving party by the disclosing party; or (iv) the communication was in response
to a valid order by a court or other governmental body, or was otherwise required by law.
7.10 Both parties shall, at all times, comply with their respective obligations in respect of data protection under
the Legal and Regulatory Requirements in relation to all personal data that is received or processed in the course
of performing the obligations under this Agreement.
12 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
7.11The Introducer shall ensure that they obtain all necessary consents from Customers to enable them to pass
personal data relating to Customers to the Company, where this is necessary in order for the Company to
perform its obligations under this Agreement and to do such things as it may wish to do, subject to the Legal
and Regulatory Requirements and the terms of this Agreement, following termination and/or to enable the
Company to market its products and (Financial) Services to such Customers at any time during the term of this
Agreement or following its termination.
8. Notices
8.1 Unless stated otherwise in this Agreement, a notice, consent, approval, waiver or other communication in
connection with this Agreement must be written in English and signed by the sender or a person authorised by
the sender.
8.2 The introducer accepts that it’s his responsibility to visit regularly the company’s website and check for any
updates of the specific terms and conditions. The company may update from time to time these terms to re-
assure that everything is in line with the governing regulations and directives. The Company reserves the right
to alter, amend or terminate the commission structure (see Appendix I), or any aspect of it, at its sole discretion,
at any time and without prior notice and will notify you of any such changes by posting the modified commission
structure on the company’s main website. The Company recommends that you revisit this Agreement regularly.
Commissions generated by the Introducer's own trading account(s) shall not be taken into consideration unless
the introducer has other active clients during the same period of time with a trading volume equal to or greater
than his own trading volume.
8.3 In addition to any other lawful means, notices may be:
a. Delivered personally to a party or left at a party’s current address (as the respective Parties may designate
from time to time);
b. Transmitted by facsimile to a party’s current fax number (as the respective Parties may designate from time
to time); or
c. Sent by electronic-mail to a party’s current email address (as the respective Parties may designate from time
to time).
d. Notices take effect from the time they are received (or deemed to have been received), unless a later time is
specified.
e. If a notice is received after 5.00 pm on a Business Day, or on a day which is not a Business Day, that notice is
deemed to have been received at 9.00 am on the next Business Day.
13 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
f. If a notice is transmitted by facsimile, that notice is deemed to have been received when the sender’s fax
machine produces a report that the fax was sent in full to the addressee. That report is conclusive evidence that
the addressee received the fax in full at the time indicated on the report.
g. A party may amend its details for delivery of notices from time to time by notice to the other Parties.
8.4 Any notice or other communication given or made by one party to the other under or in connection with the
matters contemplated by this Agreement shall, except where oral or electronic communication is expressly
provided for, be in writing and shall be sent to the address below:
Hanseatic Brokerhouse Global Markets Ltd
Spyrou Kyprianou, 27, Mesa Geitonia,4003, Limassol, Cyprus. FAX Number: 00357 25 041 384.
E-mail: [email protected]
9. Amendment and Termination
9.1 This Agreement may, from time to time, be amended. Any changes to the Agreement will not apply to
Introducer’s Commissions earned in relation to transactions performed prior to the date on which the changes
become effective, unless specifically agreed otherwise. The Company shall notify the Introducer of any changes
in the Agreement. Should the Introducer disagree with the changes, he may terminate the Agreement in
accordance with paragraph 10.2.
9.2 Either Company or Introducer may terminate the Agreement by providing Five (5) business days written
notice to the other party and without a specified reason.
9.3 This Agreement shall commence upon the Effective Date and shall continue to be in full force and effect for
an indefinite period of time (“Initial Term”). This Agreement is auto-renewed yearly until terminated by either
Party in accordance with the following clauses:
9.4 Hanseatic may suspend the authority granted to the Introducer under this Agreement immediately if the
Introducer:
a) breaches any Legislation;
b) commits any serious or persistent breach of any of the provisions of this Agreement or any policy or procedure
with which the Principal from time to time requires the Introducer to comply;
c) being a corporation, undergoes a material change in its management, control or beneficial ownership;
d) suspected of abusing the authority granted in this Agreement to engage in fraud;
e) in case of occurrence of substantial economic problems/difficulties and/or bankruptcy of the Introducer.
14 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
9.5 The suspension may operate until the breach is remedied to the reasonable satisfaction of the Company. If
the Introducer does not remedy the breach within 10 Business days of receipt of notification or the breach is
not capable of being remedied the Company may terminate this Agreement with immediate effect.
9.6 The Company may terminate this Agreement with immediate effect on the occurrence of any or all of the
following events:
a. if Introducer breaches any of its obligations under this Agreement;
b. if Introducer is unable to pay its debts or has a receiver, administrator, administrative receiver or liquidator
(or in each case, the equivalent in the Territory) appointed or calls a meeting of its creditors or ceases for
any reason to carry on business or if in the reasonable opinion of the Company any of these events appear
likely;
c. Introducer is unable, whether by reason of any applicable law, regulation or otherwise, to meet its
obligations under this Agreement;
d. if the performance of the Introducer’s obligations herein results, or may result, in the Company or any
member of its Group breaching Legal and Regulatory Requirements; or
e. the business activities of the Introducer substantially change from that conducted by it immediately prior
to the Effective Date of this Agreement.
9.7 In the event the Introducer shall be subject to any enforcement or disciplinary proceedings by any Regulatory
Authority, the Company may terminate this Agreement with immediate effect without prior notice to
Introducer.
9.8 This contract (including any Appendices and Fees-Agreement(-s)) automatically expires after one year, if the
Introducer was not able to acquire any Customer during this time period. The expiring period is renewed every
time a Customer is acquired. The acquisition of the Introducer himself shall not be deemed as an acquisition of
a new Customer.
9.9 The right of extraordinary termination of this contract for important reasons shall remain unaffected.
This Agreement may be terminated for the following, but not limited to, reasons:
a. If to the best knowledge and understanding of the Company it is reasonably evident that the Introducer
is acting in a manner which is dishonest, fraudulent, negligent, unprofessional, unethical and/or the actions
and/or pre-contractual representations of the Introducer are it is reasonably evident and/or considered to be
false statement(s) of fact wilfully misconducted and/or are likely to harm the professional integrity and/or the
CySEC License of the Company;
b. If to the best knowledge and understanding of the Company, it is reasonably evident that the reputation
of the Introducer is damaged and/or dwindling;
15 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
c. If to the best knowledge and understanding of the Company, it is reasonably evident that a significant
deterioration of the economic situation of the Introducer may and/or shall harm the professional integrity
and/or CySEC License of the Company;
d. If either party goes into liquidation and/or has a receiver or administrator appointed (whether
voluntarily or not) or, being an individual, becomes bankrupt;
e. If either party is convicted of a criminal offence or being a corporation, an officer of a party is convicted
of a criminal offence or banned from acting as a director of a corporation;
f. If either party is the subject of a banning order or disqualification from providing Financial services by
the regulatory body, they are bound to;
g. If either party ceases to carry on business or fails to hold a license and/or authorisation required to
perform its obligations under this Agreement.
9.10 The Introducer must notify the Company immediately of any event which would entitle the Company to
terminate this Agreement and/or suspend the authorities conferred by this Agreement.
9.11 Upon termination of the Agreement, the introducer is obliged to return to the Company and Company
materials used to promote his business (e.g. newsletters, banners, text, etc.). In the case where the Introducer
maintains a website and is using any Company materials, he is obliged to immediately withdraw such materials
upon termination of the said Agreement.
10. Force Majeure
10.1 The Company shall not be in breach of this agreement, nor be liable for any failure or delay in performing
any of its obligations under this Agreement arising from or attributable to events beyond its reasonable control.
10.2 The Introducer acknowledges and agrees that the Company may in its reasonable opinion, determine that
a Force Majeure exists or is about to occur; as the case may be, the Company will inform the Introducer as soon
as reasonably practicable if it so determines.
11. Regulatory Matters
11.1 The Company shall be entitled to take any action as Company deems necessary at its absolute discretion to
ensure compliance with CySec rules or any other applicable regulations and/or directives and/or circulars and
such actions shall be binding on the Introducer Agent and shall not render the Company Or any of its directors,
officers, employees or agents liable.
12. Governing Language
12.1 This Agreement will be constituted in the English language only. For the avoidance of doubt, the English
language version of this Agreement shall prevail over any translation of this Agreement.
16 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
13. Applicable Laws and Place of Jurisdiction
13.1 This Agreement and all transaction relations between the Introducer and the Company are governed by
the Laws of the Republic of Cyprus and the competent court for the settlement of any dispute which may arise
between them shall be the District Court of the Republic of Cyprus.
17 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
Appendix I: Fees Agreement
1. The Introducer’s commissions and/or marketing rebates per Instrument with the Company are determined
within this document and shall be approved and signed by the Introducer’s account.
2. For trading positions, which are closed in less than fifteen seconds after opening of the respective trading
position, no Fees shall be paid to the Introducer.
3. All fees are inclusive of all taxes, duties or levies, however designated or computed.
In addition, the Company has the right not to pay the Introducer the fees generated from completed
transactions and/or change the terms of this agreement and/or terminate this agreement with immediate
effect if:
1. The Company suspects or has reasons to believe that the Introducer is involved in any form of prohibited
trading and/or follow an abusive trading strategy, or
2. The Introducer is using a scalping strategy or strategies, with or without the use of Expert Advisor(s) which
can be characterised as churning. Churning is considered, but not limited to, the practise of executing trades
through a client’s account for the purpose of generating commissions, or
3. The clients introduced by the Introducer are following any trading activity which is aiming towards potential
riskless profit like exploiting platform latencies and market inefficiencies or any other mean, or
4. The company suspects that the opening and closing of a transaction(s) is not in the best interest of the
client(s), or
5. The company reasonably believes that some form of market abuse or regulatory breach may have taken
place or may result from a completed transaction, or
6. The Introducer uses multiple logins to the platform from different IP addresses or locations, or
7. The company suspects that the client is hedging with opposite trades for creating riskless profits or
commissions, or
8. The company suspects that the clients’ transactions introduced by the Introducer are outside the Company’s
Terms of Business, or
9. Any other possible abusive strategy and/or action.
The above cases do not constitute the full list of actions the company can take into consideration to cancel a
payment to an Introducer.
The company can withhold the payment of any pending commissions to any Introducer in the cases where:
1. The Introducer has created illegitimate trading account(s) simply for generating Introducer commissions, or
2. The clients introduced to the company are trading simply to generate enough volume so that the Introducer
can get paid the commission, or
3. The clients are hedging to generate the necessary volume for the Introducer to get paid the commission, or
18 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
4. The clients introduced to the company by Introducer made an initial deposit (FTD) without any trading activity
or without reaching the required trading volume for commissions to be payable.
5. In simple words, the Company wants to have a long-term cooperation with its Introducers. If the Introducer
is referring illegitimate clients using any of the above or other strategies simply hunting the commission, the
company will issue a warning to the Introducer and will not pay for illegitimate clients.
6. In extreme cases, where the Introducer repeatedly does not comply with the Company’s Introducer rules,
there will be a termination of the relationship.
Important Note: The Company reserves the right to modify the commission plans and/or the payment terms at
any time after notifying its Introducers by posting the modified Introducer Terms on the Company’s website. We
recommend that you revisit these Terms regularly and, by your continued use of the company’s website and
services you accept any such modified Terms.
Please note that, the Company may terminate this Fees-Agreement by giving not less than fourteen (14) days
advance written notice to the Introducer, following which the Company may provide a new updated fees
agreement. In this section, Introducer’s Fees are calculated per category.
1. Foreign Exchange Instruments (FX) and Spot Commodities
The Introducer’s Fees are calculated as a commission per lot.
Instrument Symbol Commission per lot
FX Pairs $6.00
2. CFDs on Cash Indices
The Introducer’s Fees are calculated as a commission per lot.
Instrument Symbol Commission per lot
US30, UK100, N25, German30, French40, EURX50, ES35 $0.22
SUI20 $0.20
NAS100 $0.10
SPX500 $0.04
Jpn225 $0.0035
3. Futures on Indices, Brent, Crude Oil and Commodities
19 | P a g e Hanseatic Brokerhouse Global Markets Ltd is regulated by CySEC under license No. 204/13׀ E-mail: [email protected] Risk warning: Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely
The Introducer’s Fees are calculated as a commission per lot.
Instrument Symbol Commission per lot
XAGUSD, NED25#, US100# $20.00
XAUUSD, COFFEE#, CORN# $7.00
COPPER#, DJ30#, SOYBEAN# $4.00
DE30#, EU50#, FRA40#, NATGAS#, OIL#, OIL.WTI#, WHEAT#, USOUSD, UKOUSD $2.00
FTSE100#, US500# $1.00
The introducer hereby declares that by proceeding with the registration of a partner’s account with us, he/she
has carefully read, completely understood this Appendix I1, as well as the full contract and he/she fully accepts
the terms and conditions with and within the following documents including all policies available on the
Company’s website:
▪ The Introducer’s Agreement herein;
▪ Client Account Agreement;
▪ All Trading Policies available to clients;
▪ Risk Disclosure;
▪ Conflicts of Interest Policy;
▪ Privacy Policy;
▪ Website Usage Conditions.