General Provisions

  • 1.1 This Client Agreement (hereinafter called the "Agreement") is made by the International Chamber Broker Ltd., providing services under International Chamber Broker trademark, (hereinafter called the "Company"), and an individual or a legal entity (except for stateless persons; individuals under 18 years of age) (hereinafter called the "Client"). The Parties agree that providing services and this Agreement are settled at the place, where the Company is registered.
  • 1.2 This Agreement establishes mutual commitments of the Parties, which arise in the course of conversion arbitrage transactions with contracts for financial instruments in compliance with the Terms of Business.
  • 1.3 The Company provides the Client with the following services:
      1.3.1 Opening of trading account;
      1.3.2 "Members Area" service;
      1.3.3 Organization of the transactions and provision of facilities for the Client to make deals with contracts for financial instruments;
      1.3.4 Information & consulting services.
  • 1.4 The Client has no right to ask the Company for trading recommendations or other information, which may motivate them to make transactions.
  • 1.5 The Client has the right to register only one " ICBroker Secure Client Area".
  • 1.6 The Client has the right to open not more than 50 trading accounts. In case the Client has already opened at least one real trading account, the Company has the right to restrict the opening of new accounts at its sole discretion.
  • 1.7 The Company has the right to limit or block access to " ICBroker Secure Client Area " in case the Client violates articles 1.5 and/or 1.6 of this Agreement.
  • 1.8 The Company, at its sole discretion, may provide the Client with trading recommendations or other information, but bears no responsibility for the impact and profit that these references and advice may cause.
  • 1.9 The terms of this Agreement shall be considered accepted unconditionally by the Client upon the Company’s receipt of an advance payment made by the Client in accordance with this Agreement.
  • 1.10 The terms used in this Agreement are determined in the last section of this agreement .
  • 1.11 Any Promo programs and related services, which are provided by the Company and presented on its official website www.icbroker.com have their own rules and conditions. which are described in the corresponding sections of the official website www.icbroker.com that has a force of the amendment to this document.
  • 1.12 The Company has the right to pay benefits to the Client and/or third parties in accordance with the Partner Agreement. All necessary information (Terms and Conditions ) is provided on the official website of the Company: www.icbroker.com Moreover, the Company undertakes to disclose further details (clarification, calculations) at the request of the Client.
  • 1.13 The Company has the right to, at any time and without any given reason, refuse to grant promotional benefit or cancel/write off the previously issued promotional benefit from the account, as well as revoke (cancel) all transactions that have been made with the use of the promotional benefit. This can be made in case of misuse of the benefit, manifest errors, abnormal market situations, etc. at own discretion of the Company.
  • 1.14 Cryptocurrency trading and related operations are provided by Crystonio fedry.
  • 1.15 The official language of all documents of the Company is English. Translations of documents into other languages are provided for informative purposes only.

Opening of trading account

  • 2.1 To open a trading account, the Client should fill in the registration form at the Company’s site: https://www.icbroker.com/Account/Register
  • 2.2 When filling the registration form and opening a trading account, the Client has the right to choose one of the currencies for their account type and trading platform specified in a comparison table of account types on the Company’s website.
  • 2.3 The Company has the right to refuse the Client in opening and maintaining of trading account if the information stated in the registration form is not valid.
  • 2.4 The Client is liable for the authenticity of the provided documents or their copies, and acknowledges the right of the Company, if their originality is doubted, to apply to the lawenforcement authorities of the document issuing country for the authentication validation, in case the act of the document forgery was disclosed, the Client will be brought to responsibility in accordance with the legislation of the document issuing country.
  • 2.5 The Company has the right to terminate maintaining the trading account in cases within 45 days after it was opened the Client did not make any transaction.
  • 2.6 The Company holds a responsibility to provide an accurate history of transactions in the client terminal for the period specified for this account type in the comparison table of account types on the Company's website.

The procedure of mutual settlements

  • 3.1 Funds can be withdrawn from/ deposited to the trading account in the currency of the trading account. Funds withdrawal is available for verified clients only.
  • 3.2 The Client has the right to withdraw from their trading account any sum, within limits specified when making the funds withdrawal application in their Members Area.
  • 3.3 Procedures of depositing and withdrawal to/from the trading account are performed during working hours of the Company’s Department of Payments (from 9:00 AM to 6:00 PM EЕТ) on weekdays.
  • 3.4 In case the Client uses an automatic account depositing service in " ICBroker Secure Client Area", the Company assumes a commitment to transfer funds to the Client’s trading account within two business days after receiving the Client’s deposit.
  • 3.5 The Company has the right to refuse the Client in conducting transactions on the trading account in case of misuse of the funds, particularly for the conversion of cash assets.
  • 3.6 When withdrawing funds from the trading account, the Client is charged with a commission for funds transfer.
  • 3.7 To perform trades, the Client should accept the Order Execution Policy in compliance with the current Client agreement unconditionally.
  • 3.8 If the Client has to pay the Company an amount exceeding the equity of its account, such amount shall be paid within 2 (two) business days from the date of incurrence of the Client’s obligation.
  • 3.9 If the balance of the Client’s account is negative, the Company shall have the right to pay off without future authorization the negative balance of the account by transferring funds from any other account of the Client’s Members Area or from an account of any other Members Area, if the Company believes that there is a connection between this Members Area and the Client.
  • 3.10 Corporate actions: any actions taken by an issuer, whose listed securities are associated with the financial instruments traded through the Company’s trading platform(s), including but not limited to instances of (i ) stock split, (ii) reverse stock split, (iii) right issue, (iv) merger and takeover and (v) dividends.
    In case the Client has an open long position in a trading instrument when the ex-dividend date for this instrument takes place, the sum equal to the paid dividend will be transferred to the Client’s account. In case the Client has an open short position in a trading instrument when the ex-dividend date for this instrument takes place, the sum equal to the paid dividend will be withdrawn from the Client’s account.
    The Company is not liable for the Client’s timely monitoring of the ex-dividend dates for those shares, CFDs on which they are trading. This information is in public access on theme-based websites.If the Company, in its sole discretion, warrants it is unable to value a corporate action fairly, the Company shall reserve the right to close the Client’s position. In the event, the Client maintains a short position on the ex-dividend date and has insufficient free equity in their trading account to cover the reserve cash adjustment, the Company reserves the right to close the Client’s opened positions. Under such circumstances, the reserve cash adjustment shall be deducted from the trading account balance.
    The Client accepts that the Company retains no requirements to notify the Client in the event a trading account maintains insufficient free equity to cover a reserve cash dividend for a short position.
    The Company may, at its own discretion, claim or reclaim tax credits on dividends. As the Company will hold the Client’s instruments in one or more pooled accounts, they may receive dividends or distributions net of applicable Taxes, which have been paid or withheld at rates that are less beneficial than those that might apply if the Instruments were held in their own name.
  • 3.11 Some of the Instruments that are available for trading may be of OTC nature. Such instruments aren’t traded on regulated markets. The Client acknowledges that the market price of OTC instruments may differ from rates quoted by other brokers or prices on the same underlying asset that is traded on a regulated market.

Responsibilities and duties of the Parties

  • 4.1 The Company holds no responsibility for unauthorized use of the passwords for getting access to the Company’s services. When suspecting unauthorized access to their Members Area, the Client should inform the Company about it immediately by any means available. After receiving such notification, the Company shall block the Client’s Members Area until the circumstances are clarified.
  • 4.2 The Client holds responsibility for transactions made in the trading account.
  • 4.3 The Client holds responsibility to avoid the transactions, which violate the law, the legislation, the norms and the rules applied to the Client.
  • 4.4 The Company has the right to request the Client for identification (to pass the complete verification) by providing the documents to prove the Client’s identity.
  • 4.5 If any registration information of the Client (Surname/given name/ patronymic, Address, Phone number) has been changed after account opening, the Client is obliged to inform the Company with a request to change the information.
  • 4.6 The Client takes responsibility to deposit to the trading account only the funds of legal character. If the Company receives a notification from the payment system that the money used to deposit trading account are of dubious provenance, the Company has the right to block the Client’s Members Area and their corresponding trading account until the circumstances are clarified. In this case, the Company may close all positions on the Client’s account without informing them about it in advance.
  • 4.7 The Client acknowledges that the Company has a right to give their personal details to the law-enforcement authorities, where there is an official request under the framework of counteracting revenue laundering.
  • 4.8 The Company has the right to block the Client’s account, as well as the funds on it if the Client violates article 4.6 of this Agreement or where there is an official request from the lawenforcement authorities to check the legality of the Client’s trading operations. The Company has the right to block the Client’s Members Area and their corresponding trading account until the circumstances are clarified. In this case, the Company may close all positions on the Client’s account without informing them about it in advance.
  • 4.9 In case the Client violates articles 4.3 and/or 4.6 of this Agreement, the Company has the right to cancel the transactions made by the Client and/or ask them to provide additional documents for settlement of the situation.
  • 4.10 The Company has the right to regard as non-market the transactions at the trading server, in case there are objective reasons for that.
  • 4.11 The Client holds responsibility to avoid using any strategies for profit-making, which are based on hardware vulnerability factors.
  • 4.12 All information presented on the Company’s website is intended for illustrated purposes only. The Company holds no responsibility for the Client’s activity or inactivity caused by this information.
  • 4.13 The Company has the right to change this Agreement. The changes come into effect in 5 working days after publication about the changes on the Company’s website or sending an appropriate notice by the client account internal mail. The Company has the right to change the values of spreads, swaps (financing fee), Swap-Free commission and dividends specified in the contract specifications without informing the Client about it in advance.
  • 4.14 The Client has the right to terminate this Agreement if they inform the Company in writing of their willingness to do so.
  • 4.15 The Company has the right to terminate this Agreement immediately provided that the Company informs the Client in writing about it.
  • 4.16 Cancellation of this Agreement does not release the Company and the Client from responsibility to discharge obligations, which were incurred before notification by one of the Parties about this Agreement cancellation.
  • 4.17 The Company is not a tax agent and has no obligations declaring the Client’s income. The Client is solely responsible for paying taxes and declaring income to their jurisdiction.
  • 4.18 EU/EEA Citizens/residents related important information: European residents in accordance with the MiFID II (Directive 2014/65/EU) can receive investment services by a third-country firm at their own exclusive initiative. If they would like to proceed with opening an account, they should study all risks and imitations related to trading through a third-country firm and agree with them by studying and filling declaration before opening an account. The declaration is available via the following link:
    Risk Warning
    If any of the risks involved seem fully or partially unclear, the Client should seek independent advice;
    Before opening account and during all lifetime of receiving services from the Company – clients should clearly understand the difference between the Company and group of companies and that different regulations and protections has been applied to Client of different companies in the group;
  • 4.19 The Company provides only services that are listed on its web site (www.icbroker.com). In case when the Client receives an offer of service that is not mentioned on the website mentioned above, one should contact the Company in written form immediately. Such notification should include all possible details of this offer and persons involved. The Company is not responsible for results caused by third parties’ activity and consequences of this activity (illegal portfolio management, investment advice et cetera)