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processing time and the need for any, or any further, documentation that if not in place may delay the processing.
12.22 The Client can be informed about the processing times of deposits withdrawals through our
Website. It should be noted that this information is provided for indicative purposes only, you understand that there are instances where we cannot guarantee these time frames if events
out of our control occur.
12.23 In the event that the Client, for any reason, receives any money in error or erroneously and or
mistakenly andor otherwise, then the Client agrees to hold such amount of money on trust for the benefit of FxPro or the legal owner. In the event that the Client uses in any way this
amount of money, it shall return it together with any profit to the legal owner. In the event that you incur any losses pursuant to using such amounts of money, we shall not be liable to
compensate you.
12.24 We have the right to deduct any amount from any of your Accounts if we are required to do
so by applicable law or pursuant to any clause of the Agreement.
12.25 The Firm shall have the right to set off any liability of the Client, whether liability is present or
future, liquidated or unliquidated, and whether or not liability arises under the Agreement or any other agreement entered into between the parties and between any of the Accounts of
the Client. If the liabilities to be set off are expressed in different currencies, the Firm may convert the liability at a market rate of exchange for the purpose of set off. Any exercise of this
right by the Firm shall not limit or affect any other rights or remedies available to it under the Agreement or otherwise.
12.26 In instances where there is any amount due, FxPro may net off any such amount by deducting
that amount from any of the Client Accounts; under such circumstances, the obligations will be considered satisfied and discharge. If the obligations are not satisfied, FxPro reserves its
rights.
13. CHARGES
13.1 Prior to trading CFDs the Client needs to consider any applicable charges such as spreads,
mark-ups, commissions, and swaps. The Client is solely responsible for requiring clarifications from the Firm in relation to the above, if necessary. The Client may review all
applicable charges, prior to entering into an agreement with FxPro as well as at all times, on our Website.
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13.2 The Client should note that not all charges are represented in monetary terms and may appear,
for instance, in pips; therefore, the Client needs to ensure that heshe understands the cost that the pip amounts to.
13.3 FxPro reserves the right to change, from time to time, any of the charges applicable to Clients
when trading financial instruments without prior written notice to the latter; the most up-to- date information shall be found on our Website.
13.4 The Client should note that any applicable charges shall be instantly deducted from hisher
Accounts.
Spreads, Mark-ups and Commissions
13.5 The applicable spreads which include FxPro’s mark-up, if applicable and commissions charged
when conducting a trade are available on our Website.
Swaps
13.6 The swap is the interest added or deducted for holding an open position overnight.
13.7 Depending on the position held and the interest rates of the currency pair involved in a
transaction the Client may either be credited or debited with financing; the operation is conducted at 23:59 server time and the resulting amount is automatically converted into the
Client’s Balance Currency.
13.8 From Mondays to Thursdays swap is charged once for every business day and on Fridays swap
is charged in triple size in order to account for the weekend. It should be noted that FxPro charges its own interest; the rollover interest rates of FxPro are based on the overnight rate
provided by Bloomberg; the Firm updates such rate as often as it deems necessary.
13.9 Further information regarding swaps can be found on our Website.
Other Charges
13.10 If any of the Client Account remains inactive for six 6 months or any other period as may be
determined by the Firm from time to time, FxPro reserves the right to charge an account maintenance fee of USD15 or currency equivalent. Then, there will be a charge of USD5 for
each calendar month that the Account remains inactive, in order to maintain the Account open. The Client may enable hisher Account, at any time; the status of an Account can be
viewed through FxPro Direct.
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13.11 If FxPro deems that the Accounts have no activity for a period of time three 3 years and
there are Client Funds available in your Account, FxPro will try to contact you but if we are not able to reach you we will have the right to cease treating such amount of money as Client
Money and we will either transfer them to a suspense account or use them for charity.
13.12 FxPro reserves the right to amend andor impose any fees andor charge, contrary to what is
stated on the Website with regards to a specific payment method where FxPro believes that this is necessary, as a result of the actions andor omissions of a specific Client. For instance,
this clause might be triggered when a Client deposits andor withdraws without entering into the appropriate trading activity.
14. TAXATION
