Trading IQ Terms and Conditions
CMC Spreadbet Plc
Trading IQ promotion - Terms & Conditions
1. Presentation
This promotion is operated by CMC Spreadbet Plc (''CMC Markets''), a company registered in England and Wales with Company number 2589529 and whose registered office is at 133 Houndsditch, London, EC3A 7BX, United Kingdom. CMC Markets is authorised and regulated by Financial Services Authority.
Subject to compliance with the following Terms and Conditions (the “Terms”), new customers will be receive a Trading IQ pack which includes Modules of Trading, a DVD, Guidelines for first trading plan and a Trading IQ Education Course Voucher (the “Offered Item”).
The risks associated with Spread Betting will apply to this promotion. These products carry a high risk to your capital. Therefore, as a result of trading activity you undertake in order to qualify for this offer, losses incurred may exceed your initial deposit.
2. Start and End dates
This promotion will run from 17 July 2009 until further notice from CMC Markets.
3. Conditions of eligibility
This promotion is open to CMC Markets new customers.
For the purpose of this promotion, a new customer is a customer who has never held an account with CMC Markets UK Plc or CMC Spreadbet PLC and who:
- is a resident of the United Kingdom; and
- is aged 18 or over at the time of entering the promotion; and
- submits his/ her application form between the start date and the end date provided that the application is accepted and the account further opened in accordance with CMC Markets’ standard account opening procedures. CMC Markets reserves the right to refuse any application, at any time and for any reason. If a customer’s application for a CMC Markets account is rejected, he/she will not be entitled to receive the Offered Item; and
- funds his/her Spreadbet account with a minimum of £200.
Each new customer will only qualify once for this promotion.
The promotions are not available to any person who is:
- an employee of CMC Markets or any other company within its group; or
- a friend or member of the family of such employee; or
- affiliated or connected to CMC Markets or any other company within its group, including but not limited to brokers or partners of CMC Markets or any other company within its group.
If CMC Markets discovers that a new customer was ineligible, CMC Markets reserves the right to disqualify such customer. The same shall apply if the new customer account is subject to a dispute before or at the time the customer would be entitled to receive the Offered item in the absence of such dispute.
4. Offered item
New customers complying with these Terms will receive a Trading IQ pack.
The Trading IQ pack will be sent to qualifying new customers within 28 days of the conditions being fulfilled.
CMC Markets may, in the event of an unexpectedly high response or some other unanticipated factor outside of its control, provide a substitute of equivalent quality.
Modules of Trading IQ
The Modules of Trading IQ are information and do not represent trading or investment advice. They have not been prepared by taking into account your or any individual circumstances and needs of particular investors
DVD
CMC Markets does not make any representations or give any warranties in relation to the DVD contained in the Trading IQ initial pack. All warranties or conditions as to title, fitness for purpose, quality and other terms implied by statute or common law are, to the fullest extent permitted by law, excluded. CMC Markets accepts no responsibility for any other costs which you may be required to pay any time in connection with viewing the DVD.
CMC Markets shall have no liability to you in relation to the DVD. Should the DVD be in breach of these terms and conditions CMC Markets will have the option of repairing or replacing the DVD as soon as reasonably practicable and you agree to accept such repair or replacement in satisfaction of all claims. If you fail to give notice of to CMC Markets of any defect within five business days of delivery you shall be deemed to have accepted the DVD.
Guidelines for first trading plan
The guidelines to help you develop your first trading plan are information and do not represent trading or investment advice. They have not been prepared by taking into account your or any individual circumstances and needs of particular investors.
Trading IQ Education Course Voucher
The Trading IQ Education Voucher (“the Voucher”) contained in this pack is subject to the terms and conditions on the back of the Voucher and the terms and conditions herein. The Voucher may only be used once. The Trading IQ Education course is subject to availability. CMC Markets reserves the right to refuse entry to any person for any reason whatsoever to any Trading IQ Education Course
5. No warranty
CMC does not warrant and assumes no responsibility for the accuracy or otherwise for the description or illustration of the contents of the Offered Item. CMC Markets does not make any representations or give any warranties in relation to the Offered Item. All warranties or conditions as to title, fitness for purpose, quality and other terms implied by statute or common law are, to the fullest extent permitted by law, excluded. CMC accepts no responsibility for any taxes, fees, charges or other costs which you may be required to pay any time in connection with the Offered Item.
6. Limitation of liability
CMC Markets shall have no liability to you in relation to the Offered Item except as expressly set out in these terms and conditions and for death or personal injury caused by its negligence. Should the Offered Item be in breach of these terms and conditions CMC Markets will have the option of repairing or replacing the Offered Item as soon as reasonably practicable and you agree to accept such repair or replacement in satisfaction of all claims. If you fail to give notice of to CMC Markets of any defect within five business days of delivery you shall be deemed to have accepted the Offered Item.
7. Governing laws
The promotion and the Terms will be governed by English law and any dispute arising will be submitted to the exclusive jurisdiction of English courts.
Dated: 17th July 2008
Terms & Conditions for the Risk Free Trading Day Promotion
1. Presentation
This promotion and is operated by CMC Spreadbet Plc (''CMC Markets''), subject to the following Terms and Conditions (“Terms”). CMC Markets is registered in England and Wales with Company number 2589529 and has its registered office at 133 Houndsditch, London, EC3A 7BX, United Kingdom. CMC Markets is authorised and regulated by the Financial Services Authority.
2. Start and End dates
This promotion will run from 17 July 2009 until further notice from CMC Markets.
3. Conditions of eligibility
The promotions are open to CMC Markets new customers (“you” or “your”).
For the purpose of these promotions, a new customer is a customer who has never held an account with CMC Markets UK Plc or CMC Spreadbet Plc and who:
- is a resident of the United Kingdom; and
- is aged 18 or over at the time of entering the promotion; and
- submits his/ her application form between the start date and the end date provided that the application is accepted and the account further opened in accordance with CMC Markets’ standard account opening procedures. CMC Markets reserves the right to refuse any application, at any time and for any reason. If a customer’s application for a CMC Markets account is rejected, he/she will not be entitled to receive the Offered Item; and
- funds his/her Spreadbet account with a minimum of £200.
Each new customer will only qualify once for either promotion.
The promotions are not available to any person who is:
- an employee of CMC Markets or any other company within its group; or
- a friend or member of the family of such employee; or
- affiliated or connected to CMC Markets or any other company within its group, including but not limited to brokers or partners of CMC Markets or any other company within its group.
If CMC Markets discovers that a new customer was ineligible, CMC Markets reserves the right to disqualify such customer. The same shall apply if the new customer account is subject to a dispute before or at the time the customer would be entitled to receive the Offered item in the absence of such dispute.
4. Risk Free Trading Day Promotion
4.1 The Promotion
This offer entitles new customers to up to one day of risk-free trading on the Trading IQ Index Spreadbet “TIQ UK 100” (which is based on the UK 100 Cash Spreadbet), subject to these Terms.
4.2 Risk Free Bets
Only spreadbets on the Trading IQ Index (“TIQ UK 100”) are Risk Free Bets. Make sure you understand how to select the Trading IQ Index spreadbet before under this offer and do not hesitate to contact us at 0800-279 9830 if you require any assistance.
4.3 Risk Free Trading Rules
Any Risk Free Bets must be opened and closed between 8:00 AM and 4:30 PM on the Risk Free Trading Day (see clause 6.4). Please note that any positions not closed by you by 4.30 PM (UK time) on the Risk Free Trading Day will be automatically closed by CMC Markets at the price quoted by us at that time. Provided you comply with the Risk Free Betting Restrictions (see clause 6.5) we will credit to your account at or after 4:30PM on the Risk Free Trading Day the total amount of profits made on all your Risk Free Bets, reduced by the total amount of losses made on such bets. If the total amount of losses exceeds the total amount of profits by a certain amount (the “Net Loss Amount”) we will not require you to pay us the Net Loss Amount and re-adjust your account balance accordingly.
4.4 Risk-Free Trading Day
Risk free trading will only apply from 8.00 AM to 4.30 PM (UK time) on the day when you place your first trade with us (whether on the “TIQ UK 100” under this offer, or on any other instrument which is not a Risk Free Bet).
4.5 Risk Free Trading Restrictions
The maximum combined value allowed (adding, for the avoidance of doubt, the values of any opposing short and long positions) for all your open Risk Free Bets at any one time shall not exceed GBP 2 per point. If you exceed this limit at any time CMC Markets shall not pay you any profits whatsoever resulting from any of your trades.
5. Risk Warning
This Risk Free Trading Day offer gives you the opportunity to trade for one day without the risk of incurring losses on the Trading IQ Index Spreadbet and subject to the terms of the offer. However, please be aware that the risks associated with spreadbetting will apply to all other spreadbets you make with us. These products carry a high risk to your capital and your losses may exceed the value of your initial deposit
6 .Governing laws
The promotions and the Terms will be governed by English law and any dispute arising will be submitted to the exclusive jurisdiction of English courts.
Dated: 17th July 2008
RISK FREE TRADING DAY PROMOTION
IMPORTANT ADDITIONAL INFORMATION
Please note that for the purpose of this promotion the following additional information shall apply:
1. Variation of CMC Markets’ standard Terms of Business
The terms and conditions for the Risk Free Trading Day promotion vary CMC Markets’ standard Terms of Business in respect of spread bets placed by you on the TIQ-UK 100 instrument on your Risk Free Trading Day, as further explained below.
Other than your Risk Free Trading Day, CMC Markets’ standard Terms of Business shall apply in their entirety to all spread bets on all instruments (including the TIQ-UK 100 instrument) and all the normal risks associated with spread betting will apply to all your spread bets.
2. Meaning of “Risk Free”
For the purpose of this promotion, “Risk Free” means that under certain limited circumstances, as explained below, your losses on certain spread bets will be refunded to your account:
- At the end of your Risk Free Trading Day we will credit to your account any net loss that you incur as a result of spread bets that you place on the TIQUK 100 instrument on that day (net loss means the total loss after taking into account any winnings you made on the TIQ-UK 100 instrument on that day);
- provided that the maximum combined nominal amount of all your open spread bets on the TIQ-UK 100 instrument does not exceed GBP 2 per point at any point during your Risk Free Trading Day (netting off the values of any opposing short and long positions on the TIQ-UK 100 instrument). The winnings that you make on the TIQ-UK 100 instrument on your Risk FreeTrading Day will be credited to your account in the normal way, again provided that maximum combined nominal amount of all your open spread bets on the TIQ-UK 100 instrument does not exceed GBP 2 per point at any point during that day (netting off the values of any opposing short and long positions on the TIQUK 100 instrument).
If the limit of GBP 2 per point is exceeded at any point you will not earn any winnings from any spread bets placed on the TIQ-UK 100 instrument on your Rrisk Free Trading Day.
Any losses you incur as a result of spread bets on any other instrument on your Risk Free Trading Day (or any other day) will be debited from your account in the normal way, as per CMC Markets’ standard Terms of Business.
No spread bets on instruments other than the TIQ-UK 100 instrument will ever be “Risk Free”. In addition, any spread bets you place on the TIQ-UK 100 instrument after your Risk Free Trading Day will be treated as a normal spread bet and will not be part of the “Risk Free Trading Day” promotion.
Example:
You place a GBP 2 per point spread bet on the TIQ-UK 100 instrument in the morning of your Risk Free Trading Day. Around midday, you decide to close your spread bet having made some winnings. In the afternoon you open another 2 pounds per point spread bet on TIQ-UK 100 instrument and close it at a loss. If the winnings from the first spread bet are greater than the losses from the second spread bet, your account will show that you have earned winnings amounting to the difference. If the losses from the second spread bet are bigger than the winnings from the first spread bet, we will not require you to pay the losses incurred, but you will not earn any winnings.
If you place spread bets on any instruments other than the TIQ-UK 100 instrument on your Risk Free Trading Day, you will be required to pay any losses that you incur on those instruments.
If you do not understand anything please ask us for further information before placing any spread bets. You can contact us by phone on 0207 170 8205 or by email on helpdesk@cmcmarkets.co.uk.
Risk Warning
Risk Free Trading Day promotion gives you the opportunity to place spread bets for one day without the risk of incurring losses on spread bets placed on the TIQ-UK 100 instrument that are subject to the terms of the promotion. Please be aware that the risks associated with spread betting will apply to all other spread bets you make with us, including those that are in breach of the terms of the promotion. These products carry a high risk to your capital and your losses may exceed the value of your initial deposit
Dated: 26 August 2009