This document sets out the Terms applicable to the Gold Account.
The Gold Account is available to all customers who meet the Minimum Requirements.
If at any point the Account Value drops below the Minimum Requirements, the benefits of the Gold Account may be removed in ADSSL’s sole and absolute discretion. The customer shall be notified either before or after the benefits have been removed.
To qualify for the Gold Account based on Trade Volume alone, the customer must have traded consecutively over a minimum period of 3 months immediately prior to applying for the Gold Account and must provide ADSSL a statement evidencing these trades. Otherwise Minimum Requirements apply.
Customers are eligible for Priority Pass after trading with ADSSL for a minimum period of 6 months, at ADSSL’s sole discretion.
The Gold Account is valid for residents of the countries listed here.
By acknowledging these Terms the customer will be deemed to have read, received, understood and accepted all Terms by their acceptance of the Gold Account.
ADSSL reserves the right, at its sole and absolute discretion to:
determine breaches and/or instances of abuse of the Gold Account;
disqualify any individual that breaches the Terms, abuses or attempts to abuse, tampers or attempts to tamper with the Gold Account;
deny any Gold Account benefit for any breach, potential breach, abuse, potential abuse, tampering and/or potential tampering of the Gold Account or otherwise;
withhold Gold Account benefits to customers who would otherwise qualify;
reject any account or account application for any reason; or
alter, amend, suspend or terminate Gold Account, or any aspect of it, at any time without prior notice; and
amend the Terms, at any time without prior notice.
ADSSL will provide notification of such changes to the Gold Account by way of the ADSSL Website. All the customers will be automatically and immediately bound by such changes. Any dispute or situation not covered by the Terms will be resolved by ADSSL in a manner ADSSL deems to be the fairest to all concerned; that decision shall be final and binding on all parties.
If the Terms are translated into a language other than English, then the English version of the Terms shall prevail where there is an inconsistency.
The Gold Account is:
not intended for distribution to, or use by, any person or entity where such Gold Account would be prohibited or restricted by applicable law or regulation;
void where prohibited or restricted by applicable law or regulation;
governed by laws of England and Wales and is subject to the exclusive jurisdiction of the English courts; and
not open to accounts which are introduced by an introducing broker and/or managed by an asset manager.
The customer agrees to hold harmless ADSSL and its affiliates, shareholders, parent companies, subsidiaries, officers, employees and agents, from any and all liabilities for any loss, damage, costs and/or expenses of any kind, including legal fees, arising from or in connection with the Gold Account.
These Terms supplement the ADSSL Terms of Business (‘ToB’). In the event of dispute, the ToB shall prevail.
‘Account’ means an OREX or MetaTrader 4 Standard, Spread Betting or ECN trading account with ADSSL which has been approved by ADSSL’s compliance team.
‘Account Value’ means the total cash balance on the Account at any point in time. ‘ADSSL’ means ADS Securities London Limited. ‘Gold Account’ means an Account which is eligible to receive certain benefits, which may include Loyalty Rebates, Reduced Commission and / or Priority Pass. ‘Initial Deposit’ means the first amount deposited to the Account equal to or greater than USD100,000 /GBP75,000/ EUR 90,000/ PLN390,000 (as applicable).
‘Loyalty Rebates’ means a one off payment into the customer’s Account. Such rebates only apply to Standard and Spread Betting Accounts and are paid into the Account within 30 days following the end of the calendar month.
‘Minimum Requirements’ means either Account Value equal to or greater than USD100,000 /GBP75,000/ EUR 90,000/ PLN390,000 (as applicable) or minimum Trade Volume.
‘Priority Pass’ means access to airport lounges through third party provider Priority Pass. This service may require entering into an agreement with Priority Pass.
‘Reduced Commission’ means a reduced commission which is applied to an ECN Account which trades in excess of USD500,000,000 per calendar month on FX products.
‘Terms’ means these terms and conditions (as amended from time to time). ‘Trade Volume’ means at least USD 200,000,000 traded per calendar month. ‘Website’ means https://www.adss.com