This is to notify you that as of today July 6, 2015 your Trading Account (with serial number: 5352500) held with us, Rodeler Limited (with CIF number 207/13) (hereinafter “the Company” or “we” or “us”), and our relationship are terminated, pursuant to sections 15.21, 26.5 and 27.2 of our Terms and Conditions, found at (
https://www.24fx.com/termsandconditions/), which are binding on you and us and govern the operation of your Trading Account and our relationship.
We regret to inform you that as part of the periodic monitoring of our business relationship and having analyzed your trading activity and profile, we reasonably suspect that you have engaged into abusive trading (such as, manipulations or a combination of faster/slower feeds) (contrary to Section 15.21) of our Terms and Conditions) and/or that you have performed a prohibited action such use of a software, which applies artificial intelligence analysis to the Company’s systems and/or Trading Platform (contrary to Section 2.14(i) of our Terms and Conditions).
As a result of the termination, you shall not be able to place any new Orders via your Trading Account(s) or close your Open Positions yourself. Pursuant to Sections 15.21. and 27.2 of the Terms and Conditions, the Company is entitled to and shall proceeded to cancel today all of your Open Positions in your Trading Account.
In addition, pursuant to the same Sections of the Terms and Conditions, we shall cancel all the profits in your Trading Account(s) gained through abusive trading or the application of artificial intelligence.
If after the cancelation of these profits there is Balance in your Trading Account(s) in your favor, under Section 26.5.(e) of the Terms and Conditions, in absence of illegal activity or suspected illegal activity or fraud on your behalf or instructions from the relevant authorities, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to you as soon as reasonably practicable and supply you with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to your instructions. It is understood that the Company will effect payments only to an account in your name. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that you fail to provide instructions or you cannot be reached at your last known address, the Company shall forward such funds (at its sole discretion) directly to your bank account as notified to us or by way of a check sent by mail to the address recorded in your Registration Data.
Should you need any clarifications regarding the above, you should inform the Company in writing via electronic mail (e-mail) at
[email protected] within three days from receipt of this e-mail.
Sincerely,
Rodeler Limited
