Demo Account Terms And Policies
Open Positions in a “live” account may be closed immediately and without notice if your margin level falls below the Margin Close Out level for your account. Demo Accounts are not subject to this Margin Close Out policy: your Open Positions will not be closed and you will not receive a margin call or any other notice. Success or failure of your trading in the Demo Account bears no relation to the probability of success in trading in the accounts we offer.
GAIN Capital UK Limited (trading as City Index) will make available a trading account (the "Demo Account") for the purpose of demonstrating the features of our trading services and the derivative financial instruments and contacts that we offer.
Use of the Demo Account is subject to the following terms and conditions (the “Demo Account Terms”). By accessing the Demo Account, you agree to be bound by the Demo Account Terms.
Open Positions in a “live” account may be closed immediately and without notice if your margin level falls below the Margin Close Out level for your account. Demo Accounts are not subject to this Margin Close Out policy: your open positions will not be closed and you will not receive a margin call or any other notice. Success or failure of your trading in the Demo Account bears no relation to the probability of success in trading in the accounts we offer.
1. Operation of the Demo Account
(i) We will open a Demo Account for you and allocate a credit to the cash balance of your account. You may use the credit to place trades and to fund open positions in certain Markets that we make available in the Demo Account. This credit is not money and has no value. It may not be withdrawn or transferred to other accounts you hold with us or to third parties.
(ii) The Demo Account is provided solely for demonstration purposes and any trades you place in the Demo Account do not create any rights between us and you. In particular, you will not have any rights to realised profits, daily financing fees paid on short positions or any other credits to the Demo Account.
(iii) We will provide proprietary real-time market data to the Demo Account and all quotes, execution prices, and the valuations of open positions will be based on this market data.
(iv) We may make available from time-to-time news, charting tools and research to the Demo Account. This information is provided under license from third parties and we make no warranty as to accuracy and completeness of such information.
(v) We do not warrant that any information or functionality provided through the Demo Account will be error free or accessible at all times. The Demo Account or any portions thereof may become inaccessible or inoperable at any time or from time-to-time.
(vi) The information, content and functionality provided in the Demo Account may be changed at any time and without notice. Changes may be made to the Demo Account Terms by us at any time. We reserve the right to suspend or withdraw the Demo Account at any time.
(vii) Copyright in the information, content and functionality of the Demo Account is owned or licensed to us.
(viii) Under no circumstances will we be liable for any direct or indirect losses resulting from use of the Demo Account or the underlying platform(s) or software, including but not limited to loss of profits or goodwill, consequential losses or other damages. This limitation of liability applies as far as permitted by law.
2. Your obligations in relation to the Demo Account Operation of the Demo Account
(i) You warrant that: (a) you will use the Demo Account solely in your personal capacity and not on behalf of a company; (b) in the event that you are registered or qualified as a professional securities trader or investment adviser that you use the Demo Account solely in relation to the management of your personal funds; (c) you will not to distribute, republish or otherwise provide any data from the Demo Account service to any third party in any manner, and (d) you will repeat the above warranties (as applicable) each time you access the Demo Account.
(ii) You acknowledge and agree that:
a) the derivative financial instruments and contracts that we offer (our “Markets”) are not appropriate for everyone. Trading in our Markets is conducted on a margin or leverage basis, a type of trading which carries a high degree of risk to your capital;
b) we will not consider Demo Account trading experience when we consider your application for any other type of account with us and we may decline your application for any other type of account; and
c) we are not authorised to provide investment advice and the content provided in the pages of the Demo Account is not intended to be investment advice. If you require investment advice, please see an independent investment adviser.
Last updated: May 2018
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