Terms Conditions
1. Introduction
1.1 These Terms and the accompanying Risk Disclosure Document (collectively, the “Agreement”) govern your relationship with Varnitros Capital concerning all transactions involving foreign exchange, equities, indices, and other financial instruments (“Forex Trading”) conducted via our proprietary platform (the “Trading Platform”) and related services (the “Company Services”).
1.2 No fees apply to deposits or withdrawals made by credit card.
2. Trading Account
2.1 A Trading Account will be established upon completion of registration and submission of required documents, including ID/passport, credit card (if used), and a recent proof of address (dated within the last 3 months). Clients must ensure all provided information remains accurate and current.
2.2 Varnitros Capital may act as either a market maker or intermediary but does not act as your agent or fiduciary. Clients trade on their own behalf and accept full responsibility for all activities.
2.3 Trading Platform access is granted via a non-transferable, exclusive license. Sharing login credentials or granting access to third parties is prohibited.
2.4 Services are intended for individuals aged 18 or older who meet all legal requirements.
2.5 Clients must ensure they are legally permitted to use our services in their jurisdiction.
3. Margin Funds
3.1 Trades require sufficient funds to cover losses, fees, and charges. Balances do not accrue interest unless otherwise stated.
3.2 CFD trading does not provide ownership rights, such as dividends or voting. Trades may be adjusted based on changes to the underlying asset.
3.3 Deposits must be made from accounts in the Client’s name, accompanied by a SWIFT confirmation for bank transfers.
3.4 Cash payments are not accepted. All funding methods must meet verification standards.
3.5 Funds may be used to meet trading obligations or liabilities.
3.6 Withdrawals must be returned to the original payment source and currency. Bank documentation may be required.
3.7 Clients confirm that all funds originate from legal sources.
3.8 Account activity may be suspended if suspicious or prohibited behavior is detected.
3.9 The Company is not liable for third-party processing delays or rate differences.
3.10 Withdrawal requests must be submitted online.
3.11 Verified requests will be processed within 7 business days.
3.12 Withdrawals may be denied if:
Funds are insufficient for open trades
KYC requirements are unmet
Required forms or declarations are missing
Documents are not submitted within 5 business days
3.13 Fees may be deducted directly from your Trading Account.
3.14 Profits/losses are recognized only upon trade closure.
4. Bonus Policy
4.1 Bonuses may be offered at the Company’s discretion.
4.2 Bonuses are typically a one-time percentage of the deposit.
4.3 A $5 trading volume per lot must be achieved to withdraw bonus funds.
4.4 Early withdrawals void bonuses and any associated profits.
4.5 Bonus terms may be modified or revoked at any time.
4.6 Violations of terms may lead to full cancellation of bonuses.
5. Social Trading
5.1 Clients may access third-party social trading platforms (e.g., Sirix) upon request.
5.2 Clients control trader selection and copy settings.
5.3 Trades may be copied in fixed volume or proportionally.
5.4 Copied trades can be manually closed.
5.5 Past trader performance is not indicative of future results.
5.6 Social trading does not replace independent investment judgment.
5.7 The Company does not guarantee accurate execution of copied trades.
5.8 Clients bear full responsibility for managing risks.
5.9 This service is offered “as-is” without warranty.
6. Fees and Charges
6.1 Fees vary by account type and trading instrument. Revenue may be earned through spreads.
6.2 Islamic accounts may incur holding fees after two days of inactivity.
6.3 Deposit and withdrawal fees may apply (€25–€50 per bank transfer).
6.4 Inactive accounts may be subject to a maintenance fee (5% or €25, whichever is greater). Terms may change without notice.
7. Trading Conditions
7.1 Trading is available for forex and CFDs on a range of instruments.
7.2 Positions roll over daily at 22:00 GMT.
7.3 Trades close on user instruction, margin requirements, or expiry.
7.4 Orders can be submitted online or verbally, subject to approval.
7.5 Strategies such as arbitrage or manipulation are prohibited.
7.6 Orders are binding unless previously canceled.
7.7 The Company may impose trading limits.
7.8 Trades involving errors may be corrected or voided.
7.9 Trading incentives are not guaranteed and may be withdrawn.
7.10 Clients are responsible for staying informed on trading conditions.
8. Order Types
Includes:
Buy/Sell Orders
Limit Orders
Stop Loss/Take Profit
Stop Buy/Sell Orders
8.8 Execution at requested prices is not guaranteed due to market fluctuations.
8.9 Overnight positions may incur rollover fees.
8.10 Margin calls must be addressed promptly to avoid liquidation.
8.11 Positions may be closed automatically if account equity falls below required thresholds.
9. Data Use & Privacy
9.1 Your personal data is securely stored and used only to manage your account.
9.2 Confidentiality is maintained in accordance with EU regulations.
9.3 Data may be disclosed only to affiliates or legal authorities as required.
9.4 Clients may opt out of marketing communications.
9.5 Calls and messages may be recorded.
9.6 The Company may share commissions with partners.
9.7 Cookies may be used to enhance functionality.
10. Risk Disclosure
10.1 Trading is inherently risky. Clients are solely responsible for their decisions.
10.2 Information provided is for reference only and not investment advice.
10.3 The Company does not assess transaction suitability.
10.4 Clients are responsible for managing their own tax obligations.
11. Account Balances
11.1 Clients can view live balances and transaction history on the platform.
11.2 Clients must monitor their accounts and promptly report discrepancies.