Terms & Condition

Terms & Condition

Risk Warning - Trading in forex (foreign exchange) and CFDs (Contract for differences) on margin involves a high risk to your capital and it may not be suitable for all investors. Please note that you may make profit or incur loss much greater than the amount deposited with Zed Capital International LTD.

You must carefully read the terms and conditions of this agreement as well as any other document issued by Zed Capital International LTD. in connection with this agreement including, without limitation. These documents contain important information concerning your and our rights and obligations in relation to the service we provide to you on the basis of this agreement.We suggest you to devote your attention to the Section 1 below, which serves as initial guidance to understand such rights and obligations.

By signing the application form, you acknowledge and confirm that the terms and conditions on which you will enter into are clear to you and then you understand and accept the terms of this agreement and other documents supplied to you or otherwise made available by Zed Capital International LTD. on its website in connection with this agreement. You should not sign the application form if you are not sure as to the effect of this agreement or nature of the risks involved. If you fill out, sign, and submit the application form to us, you acknowledge that you have read the documents supplied to you otherwise made available by us on our website in connection with this agreement and that you understand and agree that our relationship will be governed by the terms and conditions set out in this agreement.

1. General Information

1.1 Agreement

These (the Zed Capital International LTD. Business) are entered into by and between Zed Capital International LTD. ("Zed Capital International LTD."), registered at 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom and you (the "Client"). These Terms together with the Application Form are the basis of our relationship.

Any additional terms and conditions issued by Zed Capital International LTD.and expressly stated to be an integral part of these (as available on the website and whether or not referred to herein) describe the terms and conditions applicable to the contractual relationship between Zed Capital International LTD. and the Client (the"Agreement").

1.2 Subject of the contract

The Company reserves the right to increase or decrease the list of services available to the client at any time without notice by publishing the information on the website.

1.3 Rights and obligations of parties

The Company publishes the list and price of servicesavailable at the moment.

The client chooses the service and pays the price. The Company allows access to the services mentioned above. In order to do that the client has to accomplish registration.

Services of the Company are for personal use only and are not intended to be open for the third parties. In case if the Company finds this treaty provision violated, it reserves the right to refuse to fulfil their obligations under the treaty at any point of time.

The service is defined as delivered at the moment when the Company accepts the payment from the client.

1.4 Zed Capital International LTD.’s website address is: https://www.zedcapital.mu/

1.5 Risk Warning

Zed Capital International LTD. will consider the request to open an account by the Client and its acceptance of this request, as unequivocal evidence that the Client has read and is prepared to accept the risks set out in the Risk Disclosure is helpful but does not describe all of the risks related to trading in contracts for differences. It is the client’s responsibility to make sure that he/she is fully aware of all the risks and to take appropriate advice, if necessary, before entering into this Agreement.

1.6 Conflict of Interest Policy

The Client should be aware that, when providing investment services to the Client under this Agreement, Zed Capital International LTD.will have interests (including interests deriving from duties we owe other clients or parties) in conflict with the Client’s interests, and some conflicts could not be effectively avoided or mitigated without altering the discretionary nature of the prices quoted by us. Indeed, by trading in contracts for differences the client will make gains or incur losses as a result of a difference in prices (or exchange rates, as applicable) at which trading positions are respectively opened or closed.

Zed Capital International LTD. does not normally owe best execution duties to the Client as Zed Capital International LTD. deals with the Client "on quotes", so it does not execute orders "on behalf" of the Client. When the Client wants to enter into a particular contract with Zed Capital International LTD., it may decide whether or not to do so based on the price (or exchange rate, as applicable) quoted by Zed Capital International LTD. for that contract. Zed Capital International LTD. determines the prices (or exchange rates, as applicable) at which it is prepared to enter into a contract with the Client (and the relevant bid-ask spread) in its absolute discretion, taking into account the price levels quoted by competitors and other intermediaries, general market conditions as well as other factors such as the exposure of Zed Capital International LTD. to the underlying financial instruments.

The Client realises and accepts that this pricing process involves conflicting interests of Zed Capital International LTD., which are intrinsic in the investment business Zed Capital International LTD. carries out under this Agreement. Zed Capital International LTD. will provide trading services to the Client on the basis that the Client is satisfied with the pricing policies and practices of Zed Capital International LTD. and believes that Zed Capital International LTD.’s pricing provides a fair treatment of the Client’s interests.

1.8 Charges and Commissions

All charges and commissions of Zed Capital International LTD.applicable under this Agreement are set out in the Rates Schedule.

1.9 Amendments to the Agreement

This Agreement (including any Appendices) may be amended byZed Capital International LTD., in whole or in part, from time to time as set forth in Section 16.3. Any amendment will be made by us at our discretion either on notice or, in specified circumstances, without prior notice. Please refer to Section 16.3 for further details on the same.

2. Zed Capital International LTD. Services

2.1 Subject to the Client fulfilling its obligations under this Agreement, Zed Capital International LTD. may provide the following services to the Client (the "Services"):

2.2 Unless otherwise expressly agreed to in writing, Zed Capital International LTD. shall provide the Service under Section

2.3 The Client shall enter into this Agreement as a principal and not as an agent for any other person unless otherwise agreed to in writing by Zed Capital International LTD.

2.4 The Client acknowledges and agrees that Zed Capital International LTD. will carry out its trading business 24 hours a day, 5 days a weekas applicable in relation to each underlying or market. Subject to Section 2.6 and to the terms of this Agreement generally, Zed Capital International LTD. will only quote prices and accept Orders or instructions in respect of any Contract during those hours.

2.5 Where, in Zed Capital International LTD.’s reasonable opinion, a public holiday in any jurisdiction affects the relevant underlying market, Zed Capital International LTD. shall not be obliged to quote prices and will not accept orders or instructions in respect of any Contract related to that market. Zed Capital International LTD. shall, from time to time, give reasonable notice of such public holidays and the affected Contracts on its website and/or within the Platform.In some cases, Contracts may only be traded during the time when the relevant exchange, where the Underlying is traded, is open. Where trading relates to any such Contract, Zed Capital International LTD. shall not be obliged to quote prices and will not accept Orders or instructions during any time when the relevant exchange is closed for business. Zed Capital International LTD. shall endeavour to inform the Client of the Contracts that are subject to such limited trading hours on its website and/or within the Platform.

2.6 Any change to the trading hours or other information contemplated by Sections 2.5 and 2.6 shall not be treated as an amendment to this Agreement and shall take effect as and when the relevant determination of Zed Capital International LTD. or event occurs with no need for prior notice to the Client (without prejudice to the obligations of Zed Capital International LTD. under Section 2.6)

2.7 Zed Capital does not provide services to residents of certain countries, including North Korea, Iran, Iraq, Afghanistan, Turkmenistan, Cuba, Sudan, Somalia, Syria, Libya, and North Macedonia.

3. Account

3.1. The Client shall open an account with Zed Capital International LTD. (the "Account") before placing any Orders or instructions or entering into any Contract with Zed Capital International LTD. under this Agreement. No Orders can be placed and no Contract may be entered into until an Account is opened and cleared funds have been deposited in accordance with this Agreement.

3.2. For opening an Account, the Client must complete and sign the Application Form, as well as sign this Agreement for acceptance subject to Zed Capital International LTD.’s rights under Section 3.3. Following receipt of the Application Form and the additional documents indicated above, Zed Capital International LTD. may carry out all the searches and enquiries that Zed Capital International LTD. deems to be appropriate from time to time to assess the Client’s credit worthiness, including, without limitation, checks from banks, credit reference agencies and other reputable sources. Zed Capital International LTD. may use credit-scoring methods to assess the Client’s Application Form, to verify the Client identity and to consider any changes to the way in which the Client operates the Account. The information may be also used for debt tracing and the prevention of money laundering or terrorism financing as well as for the management of the Account. The Client authorises Zed Capital International LTD. to use the information to perform the above checks in relation to the Application Form and this Agreement generally.

The Client shall inform Zed Capital International LTD. in writing immediately of any material changes to the information provided to Zed Capital International LTD. by means of the Application Form, for example in relation to contact details or any adverse matter relating to the Client’s financial status.

3.3. Zed Capital International LTD. may or may not accept the Application Form. If the Application Form is accepted by Zed Capital International LTD., the Client shall be notified of the Account number and invited to make an initial deposit in accordance with the instructions contained in the Application Form and any other operative indications available on the Website (the "Initial Deposit").

3.4. The Client may only start trading with Zed Capital International LTD. after the Initial Deposit is credited to the Client's Money bank account of Zed Capital International LTD. as set out in Section 3.7, however Zed Capital International LTD. may at its discretion authorise the Client to trade immediately for up to 2 business days preceding the date of crediting of the Initial Deposit if satisfactory evidence of the wire order is available to it by loaning the part or the full amount of the deposit made.

3.5. The Account shall be opened in the name of the Client (as shown on the clients valid recent ID/Passport). The Client may also open one or more additional Accounts in its own name. If the Client opens two or more Accounts, Zed Capital International LTD. will treat such Accounts separately subject to the provisions of this Agreement, and any reference to the Account contained herein shall be deemed as a reference to a single Account and not to all Accounts taken together.

At the Client’s request, Zed Capital International LTD. may, in its absolute discretion, agree to treat two or more Accounts opened by the Client as a single Account, giving notice to the Client in writing. In such a case, any reference to the relevant Account contained in this Agreement shall be deemed as a reference to all Accounts so aggregated by Zed Capital International LTD..

3.6. The Client may, by means of the Limited Power of Attorney, appoint another person to trade on the Account (the "Attorney"), giving Orders and/or instructions to Zed Capital International LTD. on behalf of the Client. The Client will need to complete the Limited Power of Attorney form available by contacting us. Any variation in the person who is authorised by the Client to trade on the Account shall be notified in writing to Zed Capital International LTD.. Unless and until we receive written notice of termination or substitution of the Attorney from the Client, Zed Capital International LTD. shall be entitled to accept Orders and/or instructions to trade on the Account from the Attorney, and the Client shall recognise such Orders and/or instructions as valid and binding.

For the avoidance of doubt, the appointment of the Attorney shall not prevent the Client from operating the Account directly and Zed Capital International LTD. may not be required to reject or disregard Orders or instructions of the Client in reliance on agreements reached by the Client and the Attorney, if any, which shall not be binding on Zed Capital International LTD..

Zed Capital International LTD. shall be authorised to act upon the oral, written or electronic instructions transmitted by the Attorney or by a person who appears to be the Client or the Attorney even if that person is neither the Client nor an Attorney. In particular, Zed Capital International LTD. shall be entitled to carry out any instructions or Orders transmitted using Client’s username, password and Account number. The Client may request Zed Capital International LTD. to make payments to the Attorney by debiting the Account to the extent cleared funds is available at the time of the request.

3.7. All gains, earnings, losses, costs and liabilities made or incurred by the Client under or in relation to any Contract or any Service provided by Zed Capital International LTD. or otherwise in connection with this Agreement (including commissions charged by Zed Capital International LTD. hereunder and exchange gains or losses under Section 3.10) shall be credited or debited to the Account, as applicable.

3.8. The Client may, at any time, withdraw funds from the Account. The amount requested must be available funds, with these available funds subject to the current margin requirements of open positions. Zed Capital International LTD. may, at its discretion, elect to withhold payment (or deduct an amount from it, as applicable) if:

The relevant payments shall be made by Zed Capital International LTD. in accordance with Section 3.8. No payment shall be made by Zed Capital International LTD. to any third party (other than Attorney, as applicable) out of the Account.

3.9. The Client shall give notice of Client Deposits and submit withdrawal requests to Zed Capital International LTD. using a form available on its website to be sent to Zed Capital International LTD. by facsimile or email.

4. Margin

4.1 The Client shall at all times ensure that the balance of the Account is equal to or greater than the sum of all Client Deposits required by Zed Capital International LTD. (each a "Margin") in relation to open Contracts and any other exposure of the Client related to a Service provided by Zed Capital International LTD.. The margin requirement needed in relation to each trading position is available under the trading specifications of each product. Zed Capital International LTD. may vary the Margins in its absolute discretion at any time and the new Margins shall be disclosed as indicated above and shall apply immediately to any new trading position opened by the Client. If Zed Capital International LTD. notifies the Client in writing of the new Margin requirements; these shall also apply immediately to all trading positions of the Client, which were already open at the time of such notice.

4.2 The Client acknowledges and agrees as follows:

4.3 The Client’s open trading positions shall be marked to market on an on-going basis during trading hours. The Client acknowledges and agrees that the Account balance may become insufficient due to:

If the Account balance becomes insufficient to meet Margin requirements, then Zed Capital International LTD.:

4.4 The Client acknowledges and agrees that:

5. Trading

5.1 Upon opening the Account, Zed Capital International LTD. shall provide the Client with a User ID and an Account number. The Client shall set its username and password (the "Access Codes") to access the trading platform of Zed Capital International LTD. (the "Platform"). The Client can change its password at any such time as the Client deems it necessary. The Access Codes may only be used by the Client or the Attorney (if appointed) to the exclusion of any other person. The Client shall not disclose the User ID, the Account number and the Access Codes (collectively, the "Account Access Information") to any person (but the Client may disclose the Access Codes to the Attorney, if appointed) and shall use best efforts to preserve (and ensure that the Attorney, if appointed, preserves) the full confidentiality of the Access Codes. The Client shall inform promptly Zed Capital International LTD. in writing if the Client knows or suspects that any unauthorised person has acquired (or has attempted to acquire) knowledge of the Account Access Information.

Zed Capital International LTD. may rely on any access to the Platform with the Access Codes as being made by the Client or the Attorney (if appointed). In order to protect your computer and person data, Zed Capital International LTD. recommends the use of anti-virus software with regular updates and scans being carried out. Zed Capital International LTD. is not responsible for access gained to the Platform through the Client’s password being ‘stolen’ through virus or other such software. Zed Capital International LTD. strongly recommends against the use of password management software (whether browser based or third party software). Any access to the Platform, gained through such software, will be the Client's responsibility, regardless of whether the Client authorises this. Furthermore, Zed Capital International LTD. strongly recommends locking devices when not in use at all times, and where possible, making use of a password only known by the Client as again Zed Capital International LTD. may rely on the use of the Platform as signalling trades carried out by the Client.

5.2 Unless a different agreement is made with Zed Capital International LTD., the Client (and the Attorney, as applicable) shall send all orders relating to a Service provided by Zed Capital International LTD. under this Agreement (the "Orders") using the Platform in accordance with any terms or instructions relating to the use of the Platform, which may be published on the Website. Where Zed Capital International LTD. agrees to act upon an Order transmitted by phone or in writing, it shall be regarded as doing so on the basis that:

5.3 Where Zed Capital International LTD. accepts an Order transmitted by phone, it shall be regarded as doing so on the basis that:

5.4 Any Order shall be treated as an offer from the Client to enter into a Contract subject to the provisions of Section 2.2. When the Client wishes to enter into a particular Contract, it may request a quote for such Contract from Zed Capital International LTD. either by accessing the Platform (where Zed Capital International LTD. quotes bid and ask Prices for such Contract by displaying them on the Platform during trading hours) or by submitting a verbal or written request to Zed Capital International LTD. (in any other case).

Zed Capital International LTD. may or may not accept an Order in its absolute discretion, except that we may not refuse to fulfil an Order to close out an open trading position issued by the Client in accordance with this Agreement. Zed Capital International LTD. may also quote a new Price for a Contract, after receiving an Order, whenever it believes re-quoting is appropriate in consideration of market conditions or for any other reason. If Zed Capital International LTD. re-quotes the Price for a particular Contract, the original Order shall no longer be considered valid and binding and the Client may or may not send a new Order at the new Price quoted by us. The Client may revoke any Order at any time before acceptance by us, and Zed Capital International LTD. may delay the acceptance of an Order as it sees fit without giving notice to the Client and shall not be held liable to the Client for late acceptance of an Order. Any Order accepted by Zed Capital International LTD. shall be displayed as such on the Platform (if it relates to a Contract which may be traded on the Platform) and shall no longer be revocable by the Client.

5.5 The Client acknowledges and agrees that:

5.6 The Client acknowledges and agrees that software engineering, telecoms and electricity services affecting the use of the Platform are not under the control of Zed Capital International LTD. and that we shall not be responsible for:

5.7 The Client and Zed Capital International LTD. acknowledge and agree that:

5.8 The parties agree that the following rules shall apply to CFDs:

5.9 For so long as a trading position is open, a commission (the "Commission") - calculated on a daily basis as set forth in the most updated Rates Schedule published on the Website - shall accrue to the benefit of the Client or Zed Capital International LTD., as applicable, but the Commission shall become due and payable as set forth below. The Account shall be debited or credited with the amount of the accrued Commission every calendar day, provided however that the Commission shall only become due and payable by the Client to Zed Capital International LTD. or vice versa when a trading position is closed.

5.10 The parties acknowledge that errors may occur in the Prices quoted by Zed Capital International LTD. due to internet or connectivity failures or delays, price feed mistakes or otherwise resulting in quoted Prices materially deviating from market rates. In such circumstances, without prejudice to any rights either Zed Capital International LTD. or the Client may have under common law, neither the Client nor Zed Capital International LTD. will be bound by any Contract which purports to have been made (whether or not confirmed by Zed Capital International LTD.) at a Price which was, or ought reasonably to have been, known to either the Client or Zed Capital International LTD. to be materially incorrect at the time the Contract was entered into. Except for the case of fraud, Zed Capital International LTD. shall not be liable for any loss or damage suffered by the Client as a result of the reliance of the Client on a Price which the Client knew, or ought reasonably to have known, to be materially incorrect. Zed Capital International LTD. shall not permit any arbitrage practice or strategy designed to take advantage of price latency or other manifest errors and reserves the right to revoke any Contract entered into by the Client relying on such errors.

6. Zed Capital International LTD.’s Right to Close Out Contracts

6.1 Zed Capital International LTD. may close out all or some of the Client’s trading positions in the following cases:

6.2 Any decision to close out all or some of the Client’s trading positions under Section 6.1 shall be made by Zed Capital International LTD. in its sole discretion.

7. Payments and Set-off

7.1 The Client shall be required to pay to Zed Capital International LTD., without limitation:

7.2 All charges and Commissions due by the Client under this Agreement are set out in the Rates Schedule and may vary from time to time as determined by Zed Capital International LTD. in its full discretion.

7.3 Zed Capital International LTD. shall have the right to withhold or deduct from any payment made to the Client under this Agreement or credited to the Account any amount required by applicable law to be withheld or deducted from any such payment or credit.

7.4 The Client shall be required to indemnify Zed Capital International LTD. from and against all costs, claims, actions, proceedings, damages, expenses and liabilities arising as a consequence of the Client failing to make a tax payment as and when due in relation to any Contract entered into under this Agreement or to reimburse Zed Capital International LTD. for any tax payment made by it on behalf of Client.

7.5 Zed Capital International LTD. shall have the right to set off any credit balance on the Account or other sum due by Zed Capital International LTD. to the Client against any debit balance or other sum due by the Client to it. This set off right may be exercised by Zed Capital International LTD. in its absolute discretion and without notice to the Client.

8. Representations, Warranties and Covenants of the Client

8.1 The Client represents and warrants that:

8.2 The representations and warranties under Section 11.1 shall be deemed to be repeated each time the Client provides Zed Capital International LTD. with Orders or instructions to enter into any Contract or transaction under this Agreement. The Client acknowledges and agrees that the above representations and warranties have been a material inducement to the decision of Zed Capital International LTD. to enter into this Agreement with the Client.

8.3 The Client covenants to Zed Capital International LTD. and undertakes that:

9. Termination

9.1 This Agreement may be terminated by the Client at any time by giving written notice to Zed Capital International LTD..

This Agreement may be terminated by Zed Capital International LTD. at any time by giving 10 business days’ notice to the Client except that Zed Capital International LTD. may terminate this Agreement immediately:

9.2 The termination of this Agreement shall be without prejudice to any accrued rights and remedies of the parties and the existence and enforceability of any open Contract, which will continue in full force and effect until close in accordance with this Agreement unless otherwise determined by Zed Capital International LTD..

9.3 No penalty shall be payable by either party on termination of this Agreement. Any amount payable by the Client to Zed Capital International LTD. shall become immediately due and payable including, without limitation:

Zed Capital International LTD. may consolidate all or any of the Accounts into one Account and deduct all amounts due to Zed Capital International LTD. before transferring any credit balance on the Account(s) (net of Margin requirements on continuing trading positions, if any) to the Client.

9.4 The obligations under Sections 10 (Indemnity and Limitation of Liability), 14 (Confidentiality) and 16.10 (Governing Law and Jurisdiction) will survive the termination of this Agreement.

10. Events of Default

10.1 If at any time:

10.2 Upon the occurrence of an Event of Default Zed Capital International LTD. may, in its absolute discretion and without notice to the Client:

10.3 Upon the occurrence of an Event of Default, Zed Capital International LTD. may exercise all or any of its rights under Section 10.2 as it sees fit with a view to protecting its interests and without being accountable to the Client for any adverse consequences on the Client of its exercising such rights. Zed Capital International LTD. shall not lose any of its rights under Section 10.2 if the exercise of such rights is delayed for any reason. The rights of Zed Capital International LTD. under Section 10.2 shall be in addition to any other right and remedy Zed Capital International LTD. may have under applicable law. Zed Capital International LTD. shall endeavour to notify the Client of all actions and steps taken pursuant to its rights under Section 10.2 as soon as reasonably practicable.

11. Force Majeure and Hedging Events

11.1 Any events beyond the control of Zed Capital International LTD. will be deemed as "Force Majeure Events" including, without limitation, the following:

11.2 If any Force Majeure Event arises, Zed Capital International LTD. shall not be liable to the Client for any failure, hindrance or delay in performing its obligations under this Agreement for the duration of the Force Majeure Event or for taking or omitting to take any action set out in this Section 14.2 below. Zed Capital International LTD. may additionally, at its reasonable discretion and without prejudice to any other rights:

11.3 A "Hedging Event" shall be deemed to occur, in respect of any Contract entered into hereunder, if Zed Capital International LTD. is unable or where it is impractical for us, after using reasonable efforts, to acquire, establish, re-establish, substitute, maintain, unwind, or dispose of any transaction or asset we deems necessary or appropriate to hedge its price risk relating to the Contract. If Zed Capital International LTD. determines, in its reasonable opinion, that a Hedging Event exists in relation to any open Contract, Zed Capital International LTD. may (without prejudice to any other rights and in its sole discretion), close the relevant Contract as it deems to be appropriate in the circumstances.

12. Miscellaneous

12.1 Illegality: If at any time any provision of this Agreement becomes illegal, invalid or unenforceable under applicable law, the legality, validity and enforceability of the other provisions of this Agreement shall not be affected thereby.

12.2 Entire Agreement: This Agreement, together with any Appendices and any Contract Notes, Difference Accounts and other Reports sent by Zed Capital International LTD. to the Client in respect of each Contract contemplated by this Agreement and the Account(s), forms the entire agreement between Zed Capital International LTD. and the Client in relation to the FX and CFD activities of Zed Capital International LTD.. This Agreement supersedes all prior oral or written representations, arrangements, understandings and/or agreements between the Client and Zed Capital International LTD. in relation to the FX and CFD activities of Zed Capital International LTD. (including any agreement between the Client and any third party which has been assigned to Zed Capital International LTD., if any). Zed Capital International LTD. has not made (and the Client may not rely on) any representation; arrangement, understanding or agreement not expressly referred to or set out in this Agreement.

12.3 Rights and Remedies: The rights and remedies set forth in this Agreement are cumulative and not exclusive of any other rights and remedies provided for by applicable law. Zed Capital International LTD. is under no obligation to exercise any rights and remedies in a manner or at a time beneficial to the Client.

12.4 Delay, Omission and Waiver: No delay or omission on the part of Zed Capital International LTD. in exercising any right, power or remedy provided by law or under this Agreement, or any partial or defective exercise thereof, may (a) impair or prevent any further or other exercise of such right, power or remedy, or (b) operate as a waiver of such right, power or remedy. No waiver or relaxation of any right, power or remedy relating to any term of this Agreement or breach thereof may (unless expressly agreed in writing by the waiving party) be construed as a waiver or relaxation of rights, powers or remedies relating to the same term or a future breach thereof or as authorising a continuation of a particular breach.

12.5 Records: The records of Zed Capital International LTD., unless proved to be wrong, shall be proper evidence of the Client’s dealings with Zed Capital International LTD. under this Agreement. The Client shall not object to the admission of such records as evidence in legal proceedings because the records are not originals, are not in writing or are documents produced by a computer. The Client shall not rely on Zed Capital International LTD. to comply with its record keeping obligations although the records of Zed Capital International LTD. may be made available to the Client on request, in the absolute discretion of Zed Capital International LTD..

12.6 Third Party Rights: No provision of this Agreement is intended to be enforceable by any person who is not a party to this Agreement.

12.7 Notices and Communications:

12.7.1. Any notice or other communication given or made under or in connection with the matters contemplated under this Agreement shall, except where oral communication is expressly provided for, be in writing and shall be sent to the address below:

16.9.2 Any such notice shall be deemed (in absence of evidence to the contrary) to have been received:

12.7.2. The Client may change the address, facsimile number and e-mail address indicated above to which we will send any notice or communication relating to this Agreement and Zed Capital International LTD. may change the contact details indicated above, provided that in either cases the change will be effective on the date specified in the relevant notice (subject to Section 16.9.2).

12.7.3. The Client irrevocably authorises Zed Capital International LTD. to communicate with the Client by letter, e-mail, facsimile or telephone to discuss matters in relation to the Account, at any time whatsoever unless specifically requested otherwise in writing by the Client.

Risk Warning - TRADING IN CURRENCIES INVOLVES AN EXTREMELY HIGH DEGREE OF RISK. INVESTORS CAN AND FREQUENTLY DO LOSE ALL OR PART OF THE MONEY THEY DEPOSIT. PLEASE READ, UNDERSTAND AND CAREFULLY CONSIDER THE RISK DISCLOSURE STATEMENT BEFORE MAKING A DECISION TO TRADE CURRENCIES OR CFDs.