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Client Agreement

This Client Agreement (the “Agreement”) is made between Bullomo, acting on behalf of Bull Wealth Management Ltd, a company registered at 24 Ridgeway, Grays, Essex, RM17 5TB, United Kingdom, and the individual entering into this Agreement (the “Client”), except for stateless individuals, minors, or citizens of countries where the Company does not offer services. This Agreement sets forth the legal terms governing the use of the Trader’s Room and the trading platform provided by the Company.

1. INTRODUCTION

1.1. This Agreement is an electronic document and does not require physical signatures. The Client should thoroughly read the terms, and upon the Company receiving an advance payment from the Client, the Client unconditionally accepts the terms set forth herein.

1.2. While this Agreement may be translated into various languages available on the Company’s website, the English version will prevail in case of any inconsistencies with translations.

1.3. The Client’s actions in the Trader’s Room or on the trading platform will be governed by this Agreement once the Company receives the Client’s advance payment.

1.4. Both the Company and the Client operate as principals in the Trader’s Room or on the trading platform, and the Company does not act as the Client’s agent unless otherwise agreed. The Client is fully responsible for their actions and obligations under this Agreement. If the Client is acting on behalf of another party, the Company will not recognize that third party as a client unless explicitly agreed.

1.5. Terms used in this Agreement are defined in Clause 2 (“Definitions”).

2. DEFINITIONS

In this Agreement:

  • Balance refers to the net result of completed transactions and deposit/withdrawal actions on the Client’s trading account.
  • Credit/Debit Card means a plastic card enabling the cardholder to make payments or withdraw funds.
  • Website refers to the Company’s official site at www.bullomo.com.
  • Credit/Debit Cardholder is the individual associated with the card’s information and authorized to manage the card account.
  • Client’s External Account refers to the bank or electronic account held by the Client or their Authorized Person.
  • Margin refers to the funds required to support open positions.
  • Request signifies an order by the Client to obtain a quote from the Company, without obligating them to execute a transaction.
  • Fund Deposit refers to funds transferred by the Client or their Authorized Person, credited to the Company’s Account for the Client’s trading account.
  • Withdrawal Request is the instruction submitted by the Client via their Trader’s Room to withdraw funds from their trading account to their External Account or an Authorized Person’s Account.
  • Identification Information refers to personal data (passport/ID) provided during registration.
  • Client Account includes all types of accounts opened with the Company, such as trading, partner, manager, or investor accounts.
  • Client Terminal refers to the program or third-party application used by the Client to access real-time market data, perform analysis, make trades, and manage orders.
  • Quote is the current Bid and Ask price for a specific instrument.
  • Rate refers to the exchange rate between two currencies.
  • Trader’s Room is the Client’s personal page on the Company’s website for account management, transaction history, and support.
  • Inactive Trading Account is an account without any open positions or trading activity for 3 months.
  • Non-Trading Operation involves activities like deposits, withdrawals, or credit returns.
  • Trader’s Room Number is the unique identifier given to the Client after accepting this Agreement.
  • Open Positions refer to active trades or transactions waiting to be closed.
  • Written Notification refers to any formal communication sent electronically or published on the Company’s website.
  • Processing Center refers to a department or entity facilitating financial transactions.
  • Business Day is any day from Monday to Friday, excluding public holidays.
  • Free Margin is the available equity in a trading account for opening new positions.
  • Server refers to the technology and systems that process the Client’s instructions and trading activities.
  • Trader’s Room Service refers to the account management service provided through the Company’s website.
  • Trading Platform includes all tools and software used by the Client to interact with the Company’s systems.
  • Banking Day is a day when a bank operates normally and offers its services.

3. SCOPE OF THE AGREEMENT

3.1. The purpose of this Agreement is to grant the Client access to the Company’s services, including trading, financial analysis, account management, and related offerings.

3.2. The Client acknowledges that the Company does not guarantee any trading profits and is not liable for any losses. The Client understands that trading in financial markets is inherently risky and may lead to complete loss of investment.

4. CLIENT REGISTRATION

4.1. To use the services, the Client must complete registration on the Company’s website, creating a personal account (Trader’s Room) with accurate and current information. The Client agrees to update this information as necessary.

4.2. The Client is responsible for the confidentiality of their login and password and must notify the Company immediately in case of unauthorized access.

4.3. The Company reserves the right to refuse registration or suspend/terminate the Client’s account at its discretion.

5. TRADING OPERATIONS

5.1. The Client agrees to conduct trading on the Company’s platform in line with its terms and conditions.

5.2. The Client understands that trading is risky and that they are fully responsible for any losses.

5.3. The Company may provide the Client with market data, quotes, and analysis tools, which are for informational purposes only and should not be considered as trading advice.

6. DEPOSITS AND WITHDRAWALS

6.1. The Client may deposit funds into their account using the available payment methods. All deposits must originate from the Client’s personal external account.

6.2. The Company may require the Client to submit additional documents for verification of fund sources or compliance with legal regulations. Failure to comply could result in account suspension.

6.3. Withdrawal requests will be processed according to the Company’s withdrawal policies, and the Client may be subject to fees.

6.4. The Client acknowledges that withdrawal requests may incur charges as per the Company’s policies.

7. COMPLIANCE WITH LAWS

7.1. The Client agrees to adhere to applicable laws and regulations, including tax and anti-money laundering laws.

7.2. The Company may be required to report transactions or provide information to authorities as mandated by law.

8. RISK DISCLOSURE

8.1. The Client acknowledges the high-risk nature of trading and understands that they may lose their entire investment.

8.2. The Client is advised to consider their financial situation and risk tolerance before engaging in trading and to only invest funds they can afford to lose.

9. TERMINATION OF AGREEMENT

9.1. Either party may terminate this Agreement with written notice.

9.2. The Company may terminate the Agreement immediately if the Client breaches any term.

9.3. Upon termination, the Client is responsible for closing open positions and withdrawing remaining funds. The Company may charge processing fees for withdrawals after termination.

10. AMENDMENTS TO THE AGREEMENT

10.1. The Company reserves the right to modify this Agreement at any time, with amendments communicated through the Trader’s Room or other methods.

10.2. Continued use of the Company’s services after amendments will be deemed acceptance of the revised Agreement.

11. GOVERNING LAW AND DISPUTE RESOLUTION

11.1. This Agreement shall be governed by Spanish law.

11.2. Disputes will be resolved through negotiation. If a resolution cannot be reached, the matter will be referred to arbitration under the rules of the Spanish Arbitration Association.

12. MISCELLANEOUS

12.1. This Agreement represents the full understanding between the parties, superseding all prior agreements.

12.2. By entering into this Agreement, the Client confirms they have read, understood, and agree to its terms.

13. CONTACT INFORMATION

For any questions or concerns, the Client can contact the Company at:

Bullomo, Bull Wealth Management Ltd
P.º de la Castellana, 259, Fuencarral-El Pardo, 28046 Madrid, Spain
Email: [email protected]

14. ACCEPTANCE

By completing the registration and making an advance payment, the Client agrees to all terms outlined in this Agreement.

15. EFFECTIVE DATE

This Agreement becomes effective upon the Client’s registration completion and the Company’s receipt of the Client’s advance payment.

By accepting this Agreement, the Client agrees to be bound by all its terms and conditions, which govern the use of the Company’s services and trading platform.