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Terms of service
Client Agreement & Trading Terms
Introduction
Babil Investment and Financial Brokerage, hereinafter referred to as the “Company,” registered under the name:
BABİL FİNANCİAL INVESTMENTS BİLİŞİM VE TEKNOLOJİ LİMİTED ŞİRKETİ
Registered in Türkiye No.: 1281285426000011
Babil Financial Investments Limited
Registered in Saint Lucia No.: 2024-00275
Babil Financial Investments Limited
Registered in Comoros
Company No.: HY00623409
License No.: 2023316T
This Agreement sets forth the terms and conditions governing the relationship between the Company and the Client. The Client’s use of the Company’s services constitutes full and unconditional acceptance of these terms.
Scope of Services
The Company provides clients with the ability to trade a variety of financial derivatives and Contracts for Difference (CFDs), including but not limited to the following:
Stock Trading
The Company provides the Client access to financial markets to trade shares listed on major and secondary stock exchanges.
Commodity Trading
The Company offers trading in major commodities such as oil, gold, and silver.
Forex Trading
The Client can trade global currency pairs, including major currencies such as the US Dollar, Euro, and Japanese Yen.
Futures Contracts
The Company allows clients to enter into futures contracts to manage risk and achieve potential returns.
Trading Platform
The Company is committed to providing a secure and user-friendly trading platform, with 24/7 technical support to meet client needs.
Account Opening
To benefit from the Company’s services, the Client must:
- Complete the account registration form with accurate and complete information, including full name, date of birth, current address, and identification number.
- Provide required documents to verify identity and residence, such as a national ID or passport, and proof of address (utility bill or bank statement).
- Comply with Know Your Customer (KYC) verification procedures in accordance with local and international laws.
- Complete the risk assessment questionnaire before account activation.
Client Obligations
The Client agrees to the following:
Compliance with Laws and Regulations
The Client must ensure that all financial and investment activities comply with local and international laws, including Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.
Prohibition of Illegal Use
The Client is prohibited from using the account for illegal or fraudulent activities such as market manipulation or unlawful trading.
Responsibility for Transactions
The Client is responsible for all transactions conducted through their account unless proven otherwise. The Client must immediately notify the Company of any suspected unauthorized activity.
Account Confidentiality
The Client must maintain the confidentiality of account credentials and passwords and update them regularly.
Recording of Communications
All calls and communications with the Company are recorded and may be used as evidence in the event of a dispute.
Fees and Commissions
- The Company reserves the right to apply fees and commissions for its services, such as trading fees and special service charges.
- The Client must review the fee schedule on the Company’s website regularly.
- The Client must pay all applicable fees on time. The Company reserves the right to suspend services in case of non-payment.
Risks
Trading in securities and CFDs involves significant risks, including but not limited to:
Market Risk
Market fluctuations due to economic news and data may result in substantial losses.
Liquidity Risk
At times, it may be difficult to execute orders at desired prices due to low liquidity.
Geopolitical Risk
Breaking news such as crises, sanctions, or unrest may cause sharp market movements.
Financial Disclosure Risk
Unexpected corporate earnings announcements may cause significant price volatility.
Inflation and Interest Rate Risk
Central bank interest rate decisions directly affect currencies and stocks.
Overreacting
Making rapid decisions based on breaking news without sufficient analysis.
Spread Widening
Spreads may increase during major news events, increasing trading costs.
Volatility Risk
Orders may be executed at unexpected price levels due to rapid market movements.
Leverage
The Company provides leverage, which allows clients to increase trading size but also increases risk.
Risks include:
- Amplified potential losses
- Possibility of losing the entire capital
- Exposure to margin calls
- Psychological pressure leading to poor decision-making
Trade Execution
The Company undertakes to execute orders based on available market prices, while acknowledging the possibility of:
- Execution delays
- Slippage
- Price impact due to news events
The Company reserves the right to reject or cancel trades in cases of suspected misuse, including:
- Scalping
- Sniping
- Hedging
Data Privacy
The Company is committed to protecting client data in accordance with applicable legal standards such as GDPR, where applicable.
This includes:
- Collecting client data during registration
- Using data to provide services and analyze performance
- Protecting data through encryption and security systems
- Not sharing data with third parties without client consent or legal obligation
Termination
Either party may terminate this Agreement subject to the following conditions:
- Providing 30 days’ prior notice
- Settling all outstanding obligations before termination
- The Company reserves the right to terminate immediately in case of violation of terms or suspected illegal activity
Governing Law
This Agreement is governed by the laws of Saint Lucia.
In the event of disputes, resolution shall be pursued through:
- Negotiation
- Mediation
- Arbitration or competent courts in Comoros
Amendments
The Company reserves the right to amend these terms by notifying the Client at least 10 days prior to implementation.
Continued use of the services constitutes explicit acceptance of such amendments.
Important Notice
The Company bears no legal or financial liability for losses resulting from the Client’s trading activities.
Notifications
Notifications shall be sent via:
- Registered mail
- Trading platform notifications
The Client is responsible for updating contact information to ensure receipt of notifications.