Islamic Investment, Forex Trading, Commodities Brokers, Oil Trading - AFB

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Open a Trading Account : Individual Account Application

Account Type:*
Individual Account Joint Account

Account Holder 1:

First Name:*	Middle Name:	Last Name:*	Residence Address:*


Apt. No:	City:*	State:	if other, please specify:


Postal Code:*	Country of Residence:*	Are You a US Citizen?:*	if no, what country?:
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Phone Number:*	Fax Number:	Mobile Phone Number:	Email Address:*


Gender:	Date of Birth:
Male Female	//

Account Holder 2:

First Name:*	Middle Name:	Last Name:*	Residence Address:*


Apt. No:	City:*	State:	if other, please specify:


Postal Code:*	Country of Residence:*	Are You a US Citizen?:*	if no, what country?:
		Yes No

Phone Number:*	Fax Number:	Mobile Phone Number:	Email Address:*


Gender:	Date of Birth:
Male Female	//

Mailing Address (if different from above)

Residence Address:	Apt. No:	City:	State / Province:

Employment Information

Occupation:	Employer:	Nature of Business:*	Business Telephone:


Fax:	Business Address:	Suite No:	City:


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How did you hear about Arab Financial Brokers K.S.C.C.?:*
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Security Question

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Risk Disclosure Statement:

RISK DISCLOSURE STATEMENT

Before engaging in the products offered by Arab Financial Brokers K.S.C.C. (AFB), you should be
Aware of the risks which may be involved in such trading. You should not enter into a transaction unless you fully understand:
• The nature and fundamentals of the transaction and the market underlying such transactions
• The extent of the economic risk to which you are exposed as a result of such transactions (and 
Determine that such risk is suitable for you in light of your specific experience in relation to 
The transaction and your financial objectives, circumstances and resources)
• The legal terms and conditions for such transactions
You have the responsibility to fully understand the terms and conditions of the transactions to       
Be undertaken, including, without limitation:
1. The terms as to price, term, and expiration date, restrictions on exercising an OTC option and 
Futures and of the terms material to the transaction;
2. Any terms describing risk factors, such as volatility, liquidity, and so on; and
3. The circumstances under which you may become obliged to make or take delivery of a    Leveraged foreign exchange transaction or Futures contracts.
The high degree of leverage that is often obtainable in trading of the products offered by Arab Financial Brokers K.S.C.C. can work against you as well as for you, due to fluctuating market conditions. Trading in such instruments can lead to large losses as well as gains in response to a small market movement. If the market moves against you, you may not only sustain a total loss of your initial margin deposit, and any additional funds deposited with Arab Financial Brokers K.S.C.C. to maintain your position, but you may also incur further liability to Arab Financial Brokers K.S.C.C. You may be called upon to “top-up” your margin by substantial amounts at short notice to maintain your position, failing which Arab Financial Brokers K.S.C.C. may have to liquidate your position at a loss and you would be liable for any resulting loss.
You may sustain substantial losses on a contract or trade if the market conditions move against your position. It is in your interest to fully understand the impact of market movements, in particular the extent of profit/loss you would be exposed to when there is an upward or down ward movement in the relevant rates and the extent of loss if you have to liquidate a position, if market conditions move against you.
Under certain market conditions you may find it difficult or impossible to liquidate a position, to assess a fair price or assess risk exposure. This can happen, for example, where the market for a transaction is illiquid or where there is a failure in electronic or telecommunications systems, or where there is the occurrence of an event commonly known as “force majeure”. Placing contingent orders, such as “stop-loss” orders, will not necessarily limit your losses to the intended amounts, as it may be impossible to execute such orders under certain market conditions. When placing a stop order or stop loss order, you must be aware that in certain market conditions you may be filled at a different price than initially requested.
Because the prices and characteristics of over-the-counter transactions are individually negotiated and there is no central source for obtaining prices, there are inefficiencies in transaction pricing. We consequently cannot and do not warrant that our prices or the prices we secure for you are or will at any time be the best prices available to you.
Transactions in futures and options involve a high degree of risk and are not suitable for many members of the public. Such transactions should be entered into only by persons who have read, understood and familiarized themselves with the type of futures and options, style of exercise, the nature and extent of rights and obligations and the associated risks.
The objective of this statement is to explain to you, briefly, the nature of trading in the products offered by Arab Financial Brokers K.S.C.C., prior to your engaging in such transactions. In particular, you must be aware that the risk of loss in trading foreign exchange and precious metals and Futures (OTC) can be substantial. However, this statement does not purport to disclose or discuss all of the risks and other significant aspects of any transaction. You should therefore consult with your own legal, tax and financial advisers prior to entering in to any particular transaction. 
By checking the box below this Risk Disclosure Statement, you understand that no one can guarantee trading profits and past results do not assure future profitability, and you acknowledge and confirm that you have fully read and understood the Risk Disclosure Statement and that you are treated as experienced and/or professional Customer.

I have read and understood the Risk Disclosure Statement as set out above.

Personal Banking Reference

Bank Name:	Account Number:	Account Holder:	Address:


Ciry:	State / Province:	Postal Code:	Country:


Telephone:	Branch Name:	SWIFT Number:

Trading Experience

Live trading experience only.
Select the number of years for each:	Number of Years Trading	Firm Name(s)
Foreign Currency
Futures
Other
Would you like to receive special e-mails from Arab Financial Brokers including valuable information about the Forex market?
Yes No

Trading Information

Customer Account Agreement:

Customer Account Agreement

Arab Financial Brokers K.S.C.C. (“AFB“) agrees to accept and maintain for the undersigned (“Customer”) one or more account's and to act as principal for the Customer for the execution and clearance of orders for transactions involving the purchase and sale of commodity interests including but not limited to futures contracts; options of futures contracts; commodities and  Forward contracts; and foreign exchange transactions; EFPs; contracts for differences; any other foreign currency denominated Financial instruments and any other financial transaction (collectively referred to as “Commodity Contracts”), and in consideration thereof, Customer agrees to the following:

1.    TRADING AUTHORIZATION

AFB is authorized to purchase and sell Commodity Contracts for Customer’s account (i.e., all Accounts opened on Customer’s behalf, accounts with Customer guarantees, and accounts for Which Customer is jointly responsible) in accordance with oral or written instructions from the Customer, the Customer’s Introducing Broker or other designated agent of the Customer. Customer hereby waives any defense that such instructions were not in writing. AFB is also authorized, in its sole discretion, to employ clearing members and floor brokers as Customer’s Agents in connection with the execution, carrying, clearance, delivery and settlement of any such Purchases and sales of Commodity Contracts. Commodity Contracts bought or sold will be Transactions between you as principal and us as principal. You shall be directly and personally Responsible for performing your obligations under every transaction entered in to between us, Whether you are dealing as principal directly or through an agent, or as agent for another person, And you shall indemnify us in respect of all liabilities, losses or costs of any kind or nature what so ever which may be incurred by us as a director in direct result of any failure by you to perform Any such obligation.

2.    APPLICABLE RULES AND REGULATIONS

All orders entered for the purchase or sale of a Commodity Contract and all transactions in Commodity Contracts executed for Customer’s accounts shall be subject to the constitution, by

Laws, rules, regulations, customs and usages (collectively “rules”) of the exchange or market, and

Its clearing house, if any, where such orders are directed or such transactions are executed and any applicable self-regulatory organization and to the rules and regulations promulgated there under (collectively “laws”). AFB shall not be liable to Customer as a result of any action taken by AFB or its agents in compliance with any of the foregoing rules or laws. This paragraph is solely for the protection and benefit of AFB, and any failure by AFB or its agents to comply with any of the foregoing rules or laws shall not relieve Customer of any obligation under this agreement nor be construed to create rights under this agreement in favor of Customer against AFB.

3.    CHARGES PAYABLE BY CUSTOMER

Customer agrees to pay (a) such commissions and service fees as AFB may establish and charge

From time to time; (b) the amount of any loss that may result from transactions by AFB on Customer’s behalf, including any deficit balance; and(c) interest on any deficit balance and on any other amounts payable to AFB under this agreement at the rate of three percent (3%) over the Prime rate in effect from time to time, or the maximum rate allowed by law, whichever is less.

4.    RISK OF LOSS

All transactions effected for Customer’s accounts and all fluctuations in the market prices of the

Commodity Contracts carried in Customer’s accounts are at Customer’s sole risk and Customer Shall be solely liable under all circumstances. By execution of this agreement, Customer warrants

That Customer is willing and financially able to sustain any such losses. AFB is not responsible for the obligations of the persons with whom Customer’s transactions are effected, nor is AFB

Responsible for delays in transmission, delivery or execution of Customer’s orders due to Malfunctions of communications facilities or other causes. AFB shall not be liable to Customer for the loss of any margin deposits which is the direct or indirect result of the bankruptcy, in solvency, liquidation, receivership, custodianship or assignment for the benefit of creditors of any bank, another clearing broker, exchange, clearing organization or similar entity.

5.    TRADING RECOMMENDATIONS

Customer acknowledges that any trading recommendations and market or other information

Communicated to Customer by AFB, although based upon information obtained from sources

Believed by AFB to be reliable, may be incomplete, may not be verified, and may differ from advice given to other customers, and may be changed without notice to Customer. Customer understands that AFB or one or more of its affiliates may have a position in and buy or sell Commodity Contracts which are the subject of information or recommendations furnished to Customer and that these positions and transactions of AFB or any affiliates may not be consistent with are there commendations furnished to customer. AFB makes no representation or warranty with respect to the tax consequences of customer's transactions

6.    INDEMNIFICATION

Customer hereby agrees to indemnify AFB and hold AFB harmless from any liability, cost or Expense (including attorneys’ fees and expenses and any fines or penalties imposed by any Governmental agency, contract market, exchange, clearing organization or other self-regulatory Body) which AFB may incur or be subjected to with respect to Customer’s account or any Transaction or position there in. Without limiting the generality of the foregoing, Customer agrees to reimburse AFB on demand for any cost of collection incurred by AFB in collecting any sums owing by Customer under this agreement and any cost incurred by AFB in successfully defending against any claims asserted by Customer, including all attorneys’ fees, interest and expenses.

7.    RECORDING

Customer understands that all conversations regarding Customer’s accounts, orders and Commodity Contracts between Customer and AFB maybe recorded by AFB, and Customer Irrevocably consents to such recordings and waives any right to object to AFB ’s use of such recordings in any proceeding or as AFB otherwise deems appropriate.

8.    FOREIGN CURRENCY

If any transaction for Customer’s accounts is effected on any exchange or in any market on which

Transactions are settled in a foreign currency, any profit or loss arising as a result of a fluctuation in the rate of exchange between such currency and the United States Dollar shall be entirely for Customer’s account and at Customer’s sole risk. AFB is hereby authorized to convert funds in

Customer’s accounts in to and from such foreign currency at rates of exchange prevailing at the Banking and other institutions with which AFB normally conducts such business transactions.

9.    MARGIN REQUIREMENTS

Customer agrees to maintain at all times without demand from AFB margin requirements for the positions in the Customer’s account (s). Customer will at all times maintain such margin or collateral for Customer’s account (s) as requested from time to time by AFB (which requests maybe greater than exchange and clearing house requirements). Margin deposits shall be made by wire transfer of immediately available funds, or by such other means as AFB may direct, and shall be deemed made when received by AFB. AFB’s failure at anytime to call for a deposit of margin shall not constitute a waiver of AFB ’s rights to do so at anytime thereafter, nor shall it create any liability of AFB to Customer.

10. LIQUIDATION OF POSITIONS

In the event that (a) Customer shall fail to timely deposit or maintain margin or any amount hereunder; (b) Customer (if an individual) shall die or be judicially declared incompetent or (if an entity) shall be dissolved or otherwise terminated; (c) a proceeding under the Bankruptcy Act, an assignment for the benefit of creditors, or an application for a receiver, custodian, or trustee shall be filed or applied for by or against Customer;(d) attachment is levied against Customer’s account; (e) the property deposited as collateral is determined by AFB in its sole discretion, regardless of current market quotations, to be in adequate to properly secure the account; or (f) at anytime AFB deems it necessary for its protection for any reason whatsoever, AFB may, in the manner it deems appropriate, close out Customer’s open positions in whole or in part, sell any or all of Customer’s property held by AFB , buy any securities, Commodity Contracts, or other property for Customer’s account, and may cancel any outstanding orders and commitments made by AFB on behalf of Customer. Such sale, purchase or cancellation maybe made at AFB’s discretion without advertising the same and without notice to Customer or his personal representatives and without prior tender, demand for margin or payment, or call of any kind upon Customer. AFB may purchase the whole or any part there of free from any right of red emption. It is understood that a prior demand or call or prior notice of the time and place of such sale or purchase shall not be a waiver of AFB’s right to sell or buy without demand or notice as here in provided. Subject to applicable laws and rules, and in order to prevent non-permitted trading in debit/deficit accounts, profits on any trades executed without AFB’s express permission, for a Customer account that is debit/deficit at the time the order is placed, shall be for AFB’s account if AFB in its discretion so elects. Losses on any such trades shall be jointly and severally borne by the Introducing Broker, if any, and the Customer. Customer shall remain liable for and pay AFB the amount of any deficiencyinanyaccountofCustomerwithAFBresultingfromanytransaction described above. Our determination of the current market value and the amount of additional and/or variation margin shall be conclusive and shall not be challenged by the Customer.

11.  TRADING LIMITATIONS

AFB at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through AFB, and AFB is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which AFB has set. Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise AFB if Customer is required to file any reports on positions.

12.  EXERCISES AND ASSIGNMENTS

With regard to options transactions, Customer understands that some exchange clearing houses have established exercise requirements for the tender of exercise instructions and that options will become worthless in the event that Customer does not deliver instructions by such expiration times. At least two business days prior to the first notice day in the case of long positions in futures or forward contracts, and at least two business days prior to the last trading day in the case of short positions in open futures or forward contracts or long and short positions in options, Customer agrees that Customer will either give AFB instructions to liquidate or make or take delivery under such futures or forward contracts, or to liquidate, exercise, or allow the expiration of such options, and will deliver to AFB sufficient funds and/or any documents required in connection with exercise or delivery. If such instructions or such funds and/or documents, with regard to option transactions, are not received by AFB prior to the expiration of the option, AFB may permit an option to expire. Customer also understands that certain exchanges and clearing houses automatically exercise some “in-the -money” options unless instructed otherwise. Customer acknowledges full responsibility for taking action either to exercise or to prevent exercise of an option contract, as the case maybe; AFB is not required to take any action with respect to an option, including without limitation any action to exercise a valuable option contract prior to its expiration or to prevent the automatic exercise of an option, except upon Customer’s express instructions. Customer further understands that AFB also has established exercise cut-off times which maybe different from the times established by the contract markets in clearing houses. In the event that timely exercise and assignment instructions are not given, Customer hereby agrees to waive any and all claims for damage or loss Customer might have against AFB arising out of the fact that an option was or was not exercised. Customer understands that AFB randomly assigns exercise notices to Customers, that all short option positions are subject to assignment at anytime, including positions established on the same day that exercises areas signed, and that exercise assignment notices are allocated randomly from among all Customers’ short option positions which are subject to exercise.

13.  SECURITY AGREEMENT

(a) All Commodity Contracts, funds, securities, and other property in Customer’s accounts or otherwise now or at any time in the future held by AFB for any purpose, including safekeeping, are subject to a security interest and general lien in AFB ’s favor to secure any indebtedness at any time owing from Customer to AFB , including any indebtedness resulting from any guarantee of a transaction or account by Customer or Customer’s assumption of joint responsibility for any transaction or account. From time to time and without prior notice to Customer, AFB may transfer interchangeably between and among any account of Customer maintained at AFB any of

Customer’s funds (including segregated funds), securities, commodities, or other property for purposes of margin, reduction or satisfaction of any debit balance, or any reason which AFB deems appropriate. Within areas on cable time after any such transfer, AFB will confirm the transfer in writing to Customer;

(b) Customer hereby grants to AFB the right to pledge, re pledge, or invest either separately or with the property of other Customers, any securities or other property held by AFB for the account of Customer or as collateral therefore, including without limitation to any exchange or clearing house through which trades of Customer are executed. AFB shall be under no obligation to pay to Customer or account for any interest income, or benefit derived from such property and funds or to deliver the same securities or other property deposited with or received by AFB for Customer. AFB may deliver securities or other property of like or equivalent kind or amount; AFB shall have the right to offset any amounts it holds for or owes to Customer against any debts or other amounts owed by Customer to AFB.

14.  AUTHORITY TO TRANSFER ACCOUNTS

Until further notice in writing from the undersigned, AFB is hereby authorized at anytime, without prior notice to the undersigned, to transfer from any account or accounts of the undersigned maintained at AFB or any exchange member through which AFB clears customer transactions, such excess funds, securities, commodities, commodity futures contracts, commodity options, and other property of the undersigned as in AFB’s sole judgment maybe required for margin in any other such account or accounts or to reduce or satisfy any debit balances in any other account or accounts provided such transfer or transfers comply with relevant governmental and exchange rules and regulations applicable to the same. AFB is further authorized to liquidate any property held in any such account or accounts of the undersigned whenever, in AFB’s sole judgment, such liquidation is necessary in order to effectuate the above authorized transfer and application of property. With in areas on cable time after making any such transfer or application, AFB will confirm the same in writing to the undersigned.

15. NOTICES AND COMMUNICATIONS

Customer shall make all payments, except with regard to wire transfers discussed above, and deliver all notices and communications to the officeofAFBatMontherTower, 8thFloor, Al-Sour

Street, Kuwait City, State of Kuwait. All communications from AFB to Customer may be sent to the Customer at the address indicated on the Customer Account Application or to such other address as Customer hereafter directs in writing. Confirmations of trades, statements of account,

Margin calls, and any other written notices shall be binding on Customer for all purposes, unless

Customer calls any error there into AFB’s attention in writing (a) prior to the start of business on the business day next following notification, in the case of margin calls and reports of executions and (b) within 24 hours of delivery to Customer, in the case of statements of account and any Written notices (other than trade confirmations or margin calls) or demands. None of these provisions, however, will prevent AFB, upon discovery of any error or omission, from correcting it. The parties agree that such errors, whether resulting in profit or loss, will be corrected in Customer’s account, will be credited or debited so that it is in the same position it would have been in if the error had not occurred. Whenever a correction is made, AFB will promptly make written or oral notification to Customer. All communications, whether by mail, telex, courier, telephone, telegraph, messenger, facsimile, or otherwise (in the case of mailed notices), or communicated (in the case of telephone notices), sent to Customer at Customer’s or agent’s address (or telephone number) as given to AFB from time to time shall constitute personal delivery to Customer whether or not actually received by Customer, and Customer hereby waives all claims resulting from failure to receive such communications.

16.  PRINTED MEDIA STORAGE

Customer acknowledges and agrees that AFB may reduce all documentation evidencing Customer’s account, including the original signature documents executed by Customer in the opening of such Customer’s account with AFB, utilizing a printed media storage device such as micro-ficheoropticaldiscimaging.Customeragreestopermittherecordsstoredbysuchprinted media storage method to serve as a complete, true and genuine record of such Customer’s account documents and signatures.

17.  REPRESENTATIONS

Customer represents that (a) (if an individual) he is of the age of majority, of sound mind, and authorized to open accounts and enter into this agreement and to effectuate transactions in Commodity Contracts as contemplated hereby; (b) (if an entity) Customer is validly existing and empowered to enter into this agreement and to effect transactions in Commodity Contracts as contemplated hereby; (c) the statements and financial information contained on Customer’s Account Application submitted herewith (including any financial statement therewith)are true and correct; and (d) no person or entity has any interesting or control of the account to which this agreement pertains except as disclosed in the Customer’s Account Application. Customer further represents that, except as here to fore disclosed to AFB in writing, he is not an officer or employee of any exchange, board of trade, clearing house, or an employee or affiliate of any futures commission merchant, or an introducing broker, or an officer, partner, director, or employee of any securities broker or dealer. Customer agrees to furnish appropriate financial statements to AFB to disclose to AFB any material changes in the financial position of Customer and to furnish promptly such other information concerning Customer as AFB reasonably requests.

18.  INTRODUCING BROKER

Customer acknowledges that AFB is not responsible for the conduct, representations and statements of the introducing broker or its associated persons in the handling of Customer’s account. Customer agrees to waive any claims Customer may have against AFB, and to indemnify and hold AFB harmless for any actions or omissions of the introducing broker or its associated persons.

19.  CONFLICTS OF INTEREST

AFB may execute Commodity Contracts for Customer’s account (s) either as principal or broker. As broker, AFB will execute transaction similar to Customer’s transaction with another market participant in the financial market. As principal AFB may not execute transaction similar to Customer in the financial market and hold the opposing transaction in AFB’s inventory of Commodity Contracts. As a result of acting as Principal Customer should realize that AFB maybe acting as your counter party and that AFB maybe placed in such a position that a conflict of duty occurs. AFB, its Associates or other persons connected with AFB may have an interest, relationship or arrangement that is material in relation to any Commodity Contract affected under this Agreement. By entering into this Agreement the Customer agrees that AFB may transact such business without prior reference to the Customer. In addition, AFB may provide advice and other services to third parties whose interests maybe in conflict or competition with the Customer’s interests. AFB, its Associates and the employees of any of them may take positions opposite to the Customer or maybe in competition with the Customer to acquire the same or a similar position.AFB will not deliberately favor any person over the customer but will not be responsible for any loss which may result from such competition.

20.  BINDING EFFECT OF AGREEMENT; MODIFICATIONS

This agreement shall be binding upon and inure to the benefit of AFB, its successors and assigns, and Customer’s heirs, executors, administrators, legatees, successors, personal representatives and assigns. Except as provided in paragraph 2, no change in or waiver of any provision of this agreement shall be binding unless it is in writing, dated subsequent to the date hereof, and signed by the party intended to be bound. No agreement or understanding of any kind shall be binding upon AFB unless it is agreed to in writing, accepted and signed by an authorized officer.

21.  FORCE MAJEURE EVENTS

We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists (a “Force Majeure Event”). A Force Majeure Event shall include, but is not limited to, the following:

• Any act, event or occurrence (including without limitation any strike, riot or commotion, interruption or power supply or electronic or communication equipment failure) which, in our opinion, prevents us from maintaining an orderly market in one or more of the investments in respects of which we ordinarily deal in Commodity Contracts;

• The suspension or closure of any market or the abandonment or failure of any event upon which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event;

• The occurrence of an excessive movement in the level of any Commodity Contract and/or the underlying market or our anticipation (acting reasonably) of the occurrence of such movements. If we determine that a Force Majeure Event exists we may in our absolute is creation without notice and at any time take one or more of the following steps: • Increase your deposit requirements; close any or all of your open Commodity Contracts at such closing level as we reasonably believe to be appropriate; • Suspend or modify the application of all or any of the terms of this agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the term or terms in question;

• OR alter the last time for trading for particular Commodity Contract.

22. HEADINGS

The headings of each provision are for descriptive purposes only and shall not be deemed to modify or qualify any of the rights or obligations set forth in each provision.

23.  GOVERNING LAW

This agreement shall be governed by the laws of state of Kuwait, regardless of form, arising out of transactions under this agreement maybe brought by customer more than three months after the cause of action arose.

24.  ACCEPTANCE OF AGREEMENT

This agreement shall constitute an effective contract between AFB and Customer upon acceptance by an authorized officer of AFB.
25.  MULTIPLE ACCOUNTS

Customer agrees that AFB may, from time to time, change the account number assigned to any account covered by this agreement, and that this agreement shall remain in full force and effect.

Customer agrees further that this account, if closed and reopened, as well as all additional accounts opened in Customer’s name at AFB, shall be covered by this same agreement with the exception of any account for which a new customer agreement is signed.
26.  ASSIGNMENT

AFB may assign Customer’s account to another registered futures commission merchant by notifying Customer of the date and name of the intended assignee ten (10) days prior to the assignment. Unless Customer objects to the assignment in writing prior to the scheduled date for assignment, the assignment will be binding on Customer.

27. CUSTOMER ACKNOWLEDGMENTS AND SIGNATURE.

Customer hereby understands the Customer Account Agreement and consents and agrees to all of the terms and conditions of the agreement set forth above. Customer acknowledges that trading in Commodity Contracts is speculative, involves a high degree of risk and is appropriate only for persons who can assume risk of loss in excess of their margin deposits.

I have read and understood the Customer Account Agreement as set out above.

Online Access Agreement:

Online Access Agreement

This agreement sets forth the terms and conditions under which we, Arab Financial Brokers K.S.C.C. ( AFB ) shall permit you to have access to one or more terminals, including terminal access through your internet browser, for the electronic transmission of orders and \ or transactions, for your Accounts with us.

This agreement also sets forth the terms and conditions under which we shall permit you electronically to monitor the activity, orders and\or transactions in your account (collectively,

The “Online Service”). For purposes of this Agreement the term “Online Service” includes all software and communication links, and in consideration thereof, Customer agrees to the following:

1.    LICENSE GRANT AND RIGHT OF USE

By this Agreement, where we are supplying you with software for use with the Online Service,

You may use the software solely for your own internal business purposes. Neither the software not the Online Service maybe used to provide third party training or as a service bureau for any third parties. You agree to use the Online Service and the software strictly in accordance with the terms and conditions of Arab Financial Brokers K.S.C.C Customer Account Agreement, as amended from time to time. You also agree to be bound by any rules, procedures and conditions established by Arab Financial Brokers K.S.C.C concerning the use of the Online Service provided by Arab Financial Brokers K.S.C.C.

2.    ACCESS AND SECURITY

The Online Service maybe used to transmit, received and confirms execution of orders, subject to

Prevailing market conditions and applicable rules and regulations. Arab Financial Brokers K.S.C.C

Consent to your access and use in reliance upon your having adopted procedures to prevent

Unauthorized access to and use of the Online Service, and in any event, you agree to any financial liability for trades executed through the Online Service. You acknowledge, represent and warrant that:

A) You have received a number, code or other sequence which provides access to the Online Service (the “Password”).

B) You are the sole and exclusive owner of the password.

C) You are the sole and exclusive owner of any identification number or Login number (the

“Login”) and

D) You accept full responsibility for use and protection of the Password and the Login as well as or any transaction occurring in account opened, held or accessed through the Login and \ or Password. You accept responsibility for the monitoring of your account(s). You will immediately

Notify Arab Financial Brokers K.S.C.C in writing if you become aware of any of the following:

A) Any loss, theft or unauthorized use of your Password(s), Login and\or account number(s); or

B) Any failure by you to receive a massage indicating that an order was received and\or executed;

C) Any failure by you to receive an accurate confirmation of an execution; or

D) Any receipt of confirmation of an order and\or execution which you did not place;

E) Any inaccurate information in your account balances, positions, or transaction history

3.    RISKS OF ONLINE TRADING

Your access to the Online Service, or any portion thereof, maybe restricted or unavailable during

Periods of peak demands, extreme market volatility, systems upgrades or other reasons. Arab

Financial Brokers K.S.C.C makes no express or implied representations or warranties to you Regarding the usability, condition or operation thereof. We do not warrant that access to or use of

The Online Service will be uninterrupted or error free or that the Online Service will meet any

Particular criteria of performance or quality. Under no circumstances including negligence, shall

Arab Financial Brokers K.S.C.C or anyone else involved in creating, producing, delivering or Managing that Online Service be liable for any direct, indirect incidental, special or consequential damages that result from the use of or inability to use the Online Service, or out of any breech of

Any warranty, including, without limitation, those for business interruption or loss of profits. You

Expressly agree that your use of the Online Service is of your sole risk, you assume full Responsibility and risk of loss resulting from use of, or materials obtained through, the Online

Service, neither we nor any of our directors, officers, employees, agents, contractors, affiliates,

Third party vendors, facilities, information providers, licensors, exchanges, clearing organizations

Or other suppliers providing data, information, or services, warrant that the Online Service will be uninterrupted or error free; nor do we make any warranty as to the results that may be obtained from the use of the Online Service or as to the timeliness, sequence, accuracy, completeness,

Reliability or content of any information, service, or transaction provided through the Online

Service. In the event that your access to the Online Service, or any portion thereof, is restricted

Unavailable, you agree to use other means to place your orders or access information, such as

Calling Arab Financial Brokers K.S.C.C representative. By placing an order through the Online Service, you acknowledge that your order may not be reviewed by a registered representative prior to execution, you agree that Arab Financial Brokers K.S.C.C is not liable to you for any losses, lost opportunities or increased commissions that may result from your inability to use the Online Service to place order or access information.

4.    MARKET DATA AND INFORMATION

Neither we nor any provider shall be liable in any way to you or to any other person for: a) any

Inaccuracy, error or delay in, or omission of any such data, information or message or the Transmission or delivery of any such data, information or message; or b) any loss or damage

Arising from or occasioned by any such inaccuracy, error, delay, omission, non-performance,

Interruption in any such data, information or message, due to either to any negligent act or Omission or to any condition of force majeure or any other cause, whether or not within our or any provider’s control. We shall not be deemed to have received any order or communication

Transmitted electronically by you until we have actual knowledge of such order or communication.

5.    ADDITIONAL IMPORTANT INFORMATION AND DISCLAIMERS REGARDING EXPERT ADVISORS

The expert advisors are intended merely as a tool for implementing technical ideas that can be

Incorporated into a personally designed trading strategy or system for experienced traders only. No support, technical, advisory or otherwise, is offered by Arab Financial Brokers K.S.C.C. in their

Usage. Use of the Expert Advisors is entirely at your own risk and you acknowledge & understand that Arab Financial Brokers K.S.C.C. make no warranties or representations concerning the use of Expert Advisors and that Arab Financial Brokers K.S.C.C. Does not, by implication or otherwise, endorse or approve of the use of the Expert Advisors & shall not be responsible for any loss to you Occasioned by their usage.

6.    REPRESENTATIONS

You acknowledge that from time to time, and for any reason, the Online Service may not be

Operational or otherwise unavailable for your use due to servicing, hardware malfunction, software defect, service or transmission interruption or other cause, and you agree to hold us and any provider harmless from liability of any damage which results from the unavailability of the Online Service. You acknowledge that you have alternative arrangements which will remain in place for the transmission and execution of your orders, in the event, for any reason, circumstances prevent the transmission and execution of all, or any portion of, your orders through the Online Service.You represent and warrant that you are fully authorized to inter this Agreement and under no legal disability which prevent you from trading and that you are & shall remain in compliance with all laws, rules and regulations applicable to your business. You agree that you are familiar with and will abide by any rules or procedures adopted by us and any provider in connection with use of the Online Service & you have provided necessary training in its use. You shall not (and shall not permit any third party) to copy, use analyze, modify, decompile, disassemble, reverse engineer, translate or convert any software provided to you in connection with use of the Online Service or Distribute the software or the Online Service to any other third party.

7.    TERMINATION

We may, at our sole discretion, terminate or restrict your access to the Online Service and may

Terminate this Agreement at any time. Upon termination, any software license granted to you

Herein shall automatically terminate.

8.    INDEMNITY

You agree to indemnify & hold harmless us & each provider & their respective principles, Affiliates &agents from and against all claims, demands, proceedings, suits and all losses (direct,

Indirect or otherwise), liabilities costs and expenses (including attorney fees and disbursements), paid in settlement, incurred or suffered by us and\or a providers and\or our or their respective

Principals, affiliates&agentsarisingfromorrelatingtoyouruseoftheOnlineServiceorthe Transactions contemplated hereunder. This indemnity provision shall survive termination of this Agreement.

9.    MISCELLANEOUS

You may not amend the terms of this Agreement. We may amend the terms of this Agreement Upon notice to you (including electronic delivery). By continued access to and use of the Online Service, you agree to any such amendments to this Agreement. This Agreement us the entire Agreement between the parties relating to the subject hereof, and, except with respect to the Customer Account Agreement between the parties, all prior negotiations and understandings Between the parties, whether written or oral, are hereby merged into this Agreement. Nothing in This Agreement shall be deemed to supersede or modify a party’s right and obligations under the Customer Account Agreement.

By checking the box below this Online Access Agreement, you acknowledge and confirm that you have fully read and understood the Online Access Agreement and you agree to the its terms.

I have read and understood the Online Access Agreement as set out above.

General Terms and Conditions:

General Rules
• All trading transactions are performed online through the trading platform. 
• By-phone trading is an option only in emergencies. 
• Any system failure may result into not executing the order according to your instructions or not executing the order at all. 
• Trading accounts are basic and not equipped with the following facilities: 
   o Choice of Leverage (accounts are set by default to 1-100). 
   o Expert Advisors. 
   o Other facilities. 
Any of the above facilities should be requested directly to our Support Department by email: support@afb.com.kw.

Trading Hours 
AFB Clients can execute trades 24 hours a day from 00:00 on Monday until 00:00 on Saturday Kuwait Time except for some instruments which halt in different times as break; trading schedule and more specific information for each instrument is available through our website www.afb.com.kw. Clients will be informed in advance in any change in trading hours due to market holidays or system maintenance requirements.

Market Watch: While AFB ensures that our Market watch is accurate and prices are obtained from several major banks, we do not guarantee that our prices are the best prices available in the market. And you agree hereunder that our market watch is only an indicator for the current market and any miss understanding regarding this service must be returned to major banks charts.

Spread: AFB offers clients a fixed competitive spreads on all spot instruments; but may rarely increase the spread on some or all instruments during the time where AFB classifies the market as Hectic or unstable Markets to be in line with the current market condition.

Orders
ORDER TYPES:
A.	Market orders:  are the orders sent from the client terminal either by the client himself or an plug-in hocked to the client terminal  (Expert Advisor), to by or to sell an instrument on the current market price displayed on the market watch 
B.	Pending orders: this kind of orders can be set in the same ways used for market orders; but on prices predicted by the trader and may hit in the future, like limit, stop, and entry orders.
• All pending orders are guaranteed according to the fair market value.
• All pending orders are good until cancelled (GTC)
• All pending orders must be placed with respect to the rules appear in the  contract   specifications for each instrument.
• Once pending orders are in process, the system will reject any cancellation or modification attempted during that time.
• Pending orders limitations may vary during hectic market conditions.

Execution:
• All orders are guaranteed according to the fair market value. 
• Execution is automated. 
• When a client clicks for a trade, the client makes a request according to the market watch price. If the requested price is a traded market price the trading system will confirm. Otherwise, if the price changed, the system will send an automated re-quote with the fair market value. The client will then have the choice to confirm or reject. 
• The company reserves the right to cancel and delete any transaction/pending order executed on an invalid price (directly executed or re quoted) without prior notice. 
• Spreads are fixed for spot instruments as declared in the contracts specifications.

Futures:  All future trades are classified as market orders, and will be executed according to the market prices provided from its corresponding exchange at the time of execution; in addition, exchange fees may apply.

Leverage: leverage policy will be applied on all accounts according to the following:
Account Type 	Condition 	Leverage 
Micro 	Equity less than 1000 USD 	1 : 400 
 	Equity Greater than 1000 USD 	1 : 200 
 	 	 
Standard 	Equity less than 25,000 USD 	1 : 200 
 	Equity Greater than 25,000 USD 	1 : 100 
**Changing leverage for each account will be done automatically  and the client will be informed through an internal mail message.
**Professional accounts will be handled individually and may not follow the above leverage rules.

Margin Requirements AFB Margin requirements for all instruments is available through our website www.afb.com.kw; and it is subject of change without a prior notice on some or all instruments during the time where AFB classifies the market as Hectic Market to be in line with the current market condition.

Phone Dealing AFB allows trading via phone In case of emergencies; All telephone calls placed through the Dealing Desk, are recorded by recording system, records are kept for 10 days. All conversations concerning price quote requests, order placement and execution, confirmations, and any other trading related issues, are also generally recorded to ensure fairness and accuracy for all parties involved in the delivery and execution of a trading order.
INSTRUCTIONS FOR PLACING An ORDER WITH THE DEALING DESK by phone:

1. Call the Dealing Desk.
2. Once the telephone is answered, have ready the following information for the dealer who has answered your call:
	• Your account number
	• Your password
	• The currency you wish to trade and the volume of your order
	• The price at which you would like your order placed, in the case of pending orders     
	• The type of order (ex. limit, stop)

Dealing Desk Phone number is:  0096522441816

Slippage 
AFB does not apply slippage on normal market conditions, and applies it on take profit or pending entry orders and stop orders during times when AFB is closed or whenever there is a weekend or bank holiday. In this case all orders will be filled on the opening price which AFB finds suitable.
Delivery AFB doesn’t offer delivery for any position held in our platform

Scalping: a trading strategy through which the trader (Scalper) attempts to take advantage of small price move and narrow ranges through making many transactions on small price changes over a small time frame.
 AFB have the right to take any necessary actions to protect itself since it does not permit scalping.
Expert Advisors and Trailing stops (EA / TS):
The Expert Advisor and trailing stop facilities are activated only upon request. And can only be activated under the following conditions:
• Non scalping clients. 
• The client must use the EA in a reasonable manner. All EA users must not use the EA for frequent trading at news time. Users must understand that by using the EA frequently at news time they prevent other clients from executing a fair trade.

Stop Out: Any account on Margin call need to be cautious of the equity as the account will be stopped out by closing all open positions as the equity reaches zero, or 0% equity to margin level; all pending orders for the stopped out account will be deleted, and any deficit my result after liquidation will be handled and covered by AFB.

Reporting trading errors:
• When you wish to report a trading error, please send an email to dealingdesk@afb.com.kw , or call us directly.
We will need the following information to be able to assist you in this regard: 
o Your name.
o Your account number
o Detailed enquiry description
o Your ticket/s number if applicable
o Your direct contact information 
• The client must inform AFB about any trading error within 24 hours from the error time; otherwise AFB will not investigate the error. 
• Any trading error coming from the company will be amended.

System Failure: in case of system failure, which may result into not executing the order according to your instructions or not executing the order at all; weather it was a scheduled routine system or server update, or an emergent disconnection by power or network failure or any other reason; you are kindly advised to contact the dealing desk for any inquiries.

Funding and withdrawal:
• Bank wiring instructions are only given to the client along with the account details and confirmation letter.
• No third party payments are accepted!
- Please keep in mind that The Company does not accept funds for any trading account via a third party. Restrictions on third party payments are set by banks and their respective authorities, which have developed extensive procedures, regulations, and laws to stop the transfer of illegal funds, commonly known as money laundering. In addition, it provides the client with the assurance that funds from his account are never paid out to another party.
• Your trading account must be established for trading purposes only. The company is not a bank, nor does it keep deposits as a bank. The company keeps deposits only to maintain margins supporting the trading account and trading activities.
• To make a deposit or to request a withdrawal, fill-in the related form and fax it or email it to us. 
•	The company actively complies with all anti-money laundering laws and regulations under all applicable domestic laws. On an ongoing basis, we shall review your account activity for evidence of suspicious transactions that may be indicative of money laundering activities. This review may include surveillance of: 
o Money flows into and out of accounts.
o The origin and destination of wire transfers.
o Other activity outside the normal course of business.

Credit Card Payments
 Funding accounts by credit card is done directly from the company website. 
• Read the terms and conditions for credit card payments: 
• The name on the credit card must match the name of the client on the account with the company. 
• Any deposits that do not match the above description will be rejected. All fees that apply will be charged to the sender. 
• Due to regulatory requirements, The Company has the right to reject any credit card payments coming from high risk regions. 
• Deposits in other currencies than USD will be converted in USD at the inter bank exchange rates of the day. 
• The company does not charge any fees for online payments. 
• Your deposits by credit card are subject to the following fees: 
• The company: NONE
• Credit card companies: YES 
• Withdrawals will only be credited by wire transfer to the client personal bank account that was submitted in the Customer Account Agreement.

Wire transfers:
• The Deposit Form encloses the company’s bank information, according to which wire transfers will be made. Your account balance will be adjusted accordingly once we receive the funds. 
• Make sure the beneficiary of the transfer is The Company. 
• Include the following information as a reference in the transfer: 
• Your full name.
• Your trading account number (Login). 
• Expect the transaction to take from 2 to 5 business days. 
• Withdrawals will only be credited by wire transfer to the client personal bank account that was submitted in the Customer Trading Agreement. 
• Your deposits and withdrawals transactions by wire transfer are subject to the following fees: 
• The company: NONE
• Banks: YES 
Bank fees vary from one transaction to another as each transaction is considered a different case. These variations are due to the following reasons:
• Fees set by the remitter bank and the receiving bank varies from one bank to another. 
• The amount of the transaction. 
• The type of currency of the transaction. 
• If there is a need for an intermediate bank the cost will rise. 
• Any investigation costs of the transaction performed by the bank due to inaccuracy of the banking information provided by the client will be charged to the client account. 
• Any other fees that might be charged to the client transaction by the banks.

Important Notices:
• No wire transfers are allowed before receiving official confirmation letter for opening the account. 
• In the event of any dispute arising regarding the customer account/s and/or any open or closed positions within customer account, AFB  has the right to internally investigate and audit this account/s including all open and closed transactions. Simultaneously, the account/s funds shall be frozen and no transactions will be allowed until the dispute is completely resolved. 
• AFB  grants no guarantees whatsoever to the client account and/or investment and/or funds. 
• AFB  has all rights to amend, change, delete, add, and modify spreads, fees, commissions, leverage, margin requirements, liquidation level (stop out level) and any offers for any accounts or any positions, at any time without a prior notice. 
• Furthermore, AFB  reserves the right to close any positions or accounts, at any time, without a prior notice. 
Validity of the above terms:
• The latest published version of this policy on the company website shall prevail.
• These terms are an essential part of the customer trading agreement. Should any clause in the trading policy conflict with a Clause(s) in the customer trading agreement the clause herein shall prevail.

I have read and understood the General Terms and Conditions as set out above.

Customer represents that all information on the foregoing account application is true and correct, and agrees to notify AFB of any material changes in writing. AFB reserves the right, but has no duty, to verify the accuracy of information provided, and to contact such bankers, brokers and others as it deems necessary. By signing below, you are providing "written instructions" to AFB under the Fair Credit Reporting Act authorizing AFB to obtain information from your personal credit profile or other such information from Experian and other third parties (including other credit reporting entities). You authorize AFB to obtain such information solely to confirm your identity and to avoid fraudulent transactions in your name.

AFB Salesperson ID Number (if applicable):

Dear
We are so pleased with your decision to work with us. An AFB agent will be contacting you within one business day to assist you in the account opening process. Ours is truly a business whose future depends upon the satisfaction of our customers. Welcome to that family! You can rest assured that we will strive to provide you with the fastest most efficient service, along with the highest quality products. Should you have any problems, or any ideas on ways that we can improve our service, please feel free to call upon us. Again, welcome aboard.

To submit your application please press "Submit"

* Required Fields

1. Do you have financial interest in any account at AFB?:
Yes No

if yes, please account number(s):


2. Do you have trading authority over any other accounts at AFB?:
Yes No

if yes, please list account numbers:


3. Do you have, or have you ever had, another account(s) at AFB?:
Yes No

if yes, please provides details and list account number(s) and name(s):


4. Will any other person or entity have a financial interest in this account?:
Yes No

if yes, please list name(s):


5. What is your Trading Objective?:
Hedging Speculation

6. What is your purpose in opening a forex trading account with us?


7. What forex markets do you intend to trade?


8. Will any other person or entity control or manage trading in this account?:
Yes No

If yes, please provide the name and relationship of the person or entity:
Name:	Relationship:


To grant trading authority to an individual or entity that is not an account owner, please click here and fill out additional limited power of attorney paperwork.
9. Have you ever made an oral or written complaint against any currency, securities, or commodity broker or exchange?
Yes No

if yes, please explains: