Governing the Access to the Website and the Online Trading Environment
Ezyfx.la website and its available language versions and domain names (collectively “the Site”) represents a web-based project, designed and implemented by EZYFX Limited., whose registered address is at S.I.P. Building, P.O Box 3010, Rue Pasteur, Port Vila, Vanuatu.
Site partners are third-party service suppliers or information providers with whom EZYFX
The Content is the layout and all content, including but not limited to text, software, sound,
images, photographs, video, charts/graphs or other materials contained on the Site or in
commercially produced information presented through the Site by EZYFX Limited, its
affiliates and Site Partners.
User is any person or entity visiting, using, or otherwise accessing the Site.
Please read these terms and conditions before accessing the content of the Site or using any services or products provided by it. In case you do not agree with all of the terms and conditions specified here (and subject to change without prior notice) please do not access the Site.
By accessing, using, exploring, consulting the website and downloading Content via a browser you agree to be bound by the terms and conditions expressed below.
The products and services presented on the Site are not intended for any person(s) who, based on their nationality, place of birth, domicile or for any other reasons, is (are) subject to legal provisions that prohibit foreign financial services providers from engaging in business activities in these jurisdictions, or which prohibit or restrict natural persons or legal entities from accessing the websites of foreign financial services providers.
Where EZYFX Limited is not authorized by the supervisory authority of a certain country, EZYFX Limited can as a general rule not promote financial services in that country.
In particular, EZYFX Limited is not authorized by the supervisory authorities of the USA, the Democratic People’s Republic of Korea, Haiti, and Suriname. If Users are domiciled in any of these countries, they confirm that they access the Site on their own initiative and without any solicitation from EZYFX Limited.
Ownership of the Site
The Site is the exclusive property of EZYFX Limited. EZYFX Limited’s proprietary rights shall not be altered in any way by any reproduction or use of the website.
All of the trademarks, service marks, and logos displayed on the Site are registered and unregistered trademarks of EZYFX Limited, its affiliates, or Site Partners who have licensed their trademarks to EZYFX Limited or some of its affiliates or subsidiaries.
Additionally, the layout and all content, including but not limited to text, software, sound, images, photographs, videos, charts/graphs, or other material contained on the Site or in commercially produced information presented through the Site by EZYFX Limited, its affiliates or Site Partners (collectively “The Content”) is protected by copyright, patents or other proprietary agreements and laws and you are only permitted to use Content as expressly authorized by EZYFX Limited, its affiliates or its licensors.
Nothing contained herein transfers any rights, title or interest in the Site or the Content to you as a User. You are allowed to view, download, copy, and reproduce Content subject to the following conditions:
- 1.) The Content may be used for personal, non-commercial purposes only;
- 2.) Any and all copyright, trademark or other proprietary rights notices must appear on all copies, including the copyright notice at the bottom of the Site pages.
- 3.) The Content may not be altered or modified in any way.
- 4.) No diagrams, graphics or charts shall be used separate from the accompanying text.
Except as provided above Users may not use, download, upload, copy, display, perform, reproduce, publish, print, license, post, transmit, frame, mirror on another web service, use any meta tags, inline any graphics or distribute any Content from the Site, either in whole or in part without having received permission from EZYFX Limited in writing.
Any rights not expressly granted herein are reserved. By copying or reproducing information available on the Site you do not acquire any rights; all rights are retained by EZYFX Limited, its affiliated or Site Partners. Users of the Site are prohibited from using anywhere other than on the Site and from copying in any way whatsoever software or other tools that are available through the Site.
No Offer or Advice Disclosure
All the information provided on the Site, including but not limited to technical analyses, equations and other financial results available to users via tools that are available through the Site, is provided for information purposes only
The Site does not constitute an offer to sell or a solicitation of an offer to buy any product or service that may be referenced on or through the Site. The Site does not constitute an offering or recommendation by EZYFX Limited of any product or service. Opinions expressed on the Site may change at any time and EZYFX Limited maintains no duty or obligation to update information pertaining to specific products. EZYFX Limited does not provide any investment advice through the Site and users agree that the Site will not be used by them for such purposes.
All of the investment decisions users take shall be based exclusively on their own assessment and their personal interpretation of the information available on or through the Site. The users are solely responsible for such decisions.
Investment in securities featured on the Site are subject to risk. The price of securities may go down as well as up. Fluctuations in foreign exchange rates can also alter the value of securities. The future performance of a security cannot be guaranteed by past performance. It is therefore possible that users do not get back the amount they invest. WE STRONGLY RECOMMEND THAT USERS PROFESSIONAL ADVICE BEFORE TAKING INVESTMENT DECISIONS.
Exclusion of Liability
Neither EZYFX Limited, its directors, officers, employees, agents or shareholders, nor Site Partners, their directors, officers, employees, agents or shareholders will assume ANY LIABILITY FOR ANY LOSS OR DAMAGES WHATSOEVER, be those direct or indirect, incurred as a result of accessing the Site or using the information and services available on the Site, or as a result of the inability to access or use any information or services available on or through the Site.
In particular, it is expressly stated that IN NO EVENT WILL EZYFX LIMITED, its directors, officers, employees, agents or shareholders BE LIABLE FOR ANY LOSS OR DAMAGES incurred as a result of errors, technical or otherwise, transmission failures, system overloads, usage problems, interruptions in services (including but not limited to system maintenance services), any delay in the transmission of information, incompatibility between the website and your files and/or software (in particular user browsers) and/or computers, malfunction, interference, the transmission of a virus onto user computers, unauthorized access (such that may result from hacking or piracy activities, etc.), the wilful blocking of telecommunications tools or networks, or any other failure or inadequacy on the part of telecommunication or network service providers.
Disclaimer of Warranty
EZYFX Limited and Site Partners aim at providing complete, accurate and up-to-date status of the data. Nevertheless, they do not guarantee or warrant, either expressly or implicitly, the quality, pertinence, accuracy, completeness, update status, availability or legality of the information published on the Site, transmitted to Users or obtained via tools that are available through the Site. Additionally, real-time information is obtained from what is believed to be a reliable source, but cannot be guaranteed
Furthermore, information may be changed at any time without any prior notice being required.
EZYFX Limited, its directors, officers, employees, agents or shareholders may have or have had business relationships or other forms of dealings with companies whose securities are referred to on the Site. Furthermore, EZYFX Limited, its directors, officers, employees, agents or shareholders may hold or have held securities that are referred to on the Site.
Some Site web pages contain links to other websites whose information practices might be different from those of EZYFX Limited.
EZYFX Limited does not review any of these linked websites and does not guarantee or warrant in any way the quality, pertinence, accuracy, completeness, update status, availability or legality of the content of these websites, nor shall it be in any way responsible for the products, services, information and other content available to Users via these linked sites. The same shall apply to websites offering links to the Site.
We encourage Users to read the privacy statements on other linked sites, as EZYFX Limited has no control over the information that is submitted to or collected by these third parties.
Registration of User Activities on the Site
EZYFX Limited may record and analyse all User activities on the Site for the purposes of security, system monitoring and improvement, in compliance with legal and regulatory obligations incumbent on EZYFX Limited.
Place of Jurisdiction
The sole place for jurisdiction of all disputes arising out of or in connection with the Terms and Conditions herein and/or the use of the Site is Rue Pasteur, Port Vila, Vanuatu Partial Nullity and Choice of Law
In the event of one of the Terms and Conditions being void, cancelled or rendered otherwise invalid, the validity of the remaining Terms and Conditions shall not be affected or impaired. In all other instances the Terms and Conditions as well as the use of the website are exclusively governed by and construed in accordance with the laws of Vanuatu.
Operating under the trading name EZYFX, regulated and recognized by Vanuatu FSC as one of the Registered Financial Service Provider (FSP). its registered address at S.I.P Building, P.O Box 3010, Rue Pasteur, Port Villa Vanuatu Referred to as “EZYFX Limited”, we”, or “us”, is authorized and regulated by International Financial Services Commission (IFSC).
“The Site” shall refer collectively to ezyfx.la website and its available language versions and domain names.
“Client” shall refer to any person or entity who registered an account at the Site.
EZYFX Limited has established its Order Execution Policy (hereinafter referred to as the “Policy”) in order to take all reasonable steps to achieve the best possible results for its clients (“Best Execution”) either when executing client orders or receiving and transmitting orders for execution in relation to financial instruments.
EZYFX Limited shall apply the Policy upon acceptance of an order and also when a client gives no specific instruction on the method of execution. Nevertheless, when the client gives a specific instruction on an order, EZYFX Limited will execute the order following such instruction. If EZYFX Limited receives a specific instruction on an order, this may prevent EZYFX Limited from implementing the Policy to achieve the best possible result for the execution of the order.
2. Scope and Services
The Policy shall apply whenever EZYFX Limited executes an order on behalf of its clients. EZYFX Limited will always act as principal (counterparty) when executing orders by clients. Although EZYFX Limited takes every reasonable step to achieve the best possible result for its clients, we cannot guarantee that when executing a transaction the client’s price will be more favorable than one which might be available elsewhere.
3. Order Execution Factors
EZYFX Limited shall take all reasonable steps to achieve the best possible result for its clients taking into account the following factors when executing clients’ orders against EZYFX Limited’ quoted prices:
- 3.1 Price
- 3.2 Costs
- 3.3 Speed of Execution
- 3.4 Nature of the Order
- 3.4.1 Market order
- 3.4.2 Pending order
- — Buy Limit
- — Buy Stop
- — Sell Limit
- — Sell Stop
- 3.4.3 Trailing Order
- 3.5 Size of the Order
- 3.6 Likelihood of Execution
- 3.7 Market Impact
- 3.8 Best Execution Criteria
- — the kind of the order
- — the record of the client with EZYFX Limited
- — the specifics of the execution venue
- — the specifics of the financial instruments that are the subject of the order
EZYFX Limited produces its own tradable prices from information obtained from third party external sources (such as banks, etc.) that generally provide liquidity to the global market.
For any given Financial Instrument EZYFX Limited will quote two prices: the higher price (ASK) at which the client can buy (go long) that Financial Instrument, and the lower price (BID) at which the client can sell (go short) that Financial Instrument; The difference between the lower and the higher price of a given Financial Instrument is the SPREAD.
EZYFX Limited will ensure that the client is given the best execution by ensuring that the calculation of the bid /ask spread is made with reference to a selection of underlying price providers and data sources.
EZYFX Limited updates its prices as frequently as the limitations of technology and communication links allow. EZYFX Limited reviews the independent third party external
Reference sources it uses at least once a year, to ensure that the pricing it offers continue to be correct and competitive.
EZYFX Limited will not quote any price outside its operations time (see Execution Venue(s) below) therefore no orders can be placed by the client during that time.
For opening a position in some types of Financial Instruments clients may be required to pay a financing fee or a commission that may be charged in the form of a percentage of the overall value of the trade or as a fixed amount.
We make every effort to ensure that clients are informed of such costs before they chose to trade. We further ensure that there are not any unknown to the client variables in place.
For all types of Financial Instruments we offer, the commission and financing fees are not incorporated into EZYFX Limited quoted price and are charged explicitly to the client account.
Prices change in the course of time and the frequency of the change depends on the different financial instruments and market conditions.
EZYFX Limited is committed to providing the highest possible speed of execution within the limitations of technology and communication links.
EZYFX Limited acts as principal and not as agent on the client’s behalf. Therefore, EZYFX Limited is the sole Execution Venue for the execution of clients’ orders for the Financial Instruments provided by EZYFX Limited.
In case clients undertake transactions on an electronic system, they may be exposed to risks in relation to the system, including but not limited to the failure of hardware and software (Servers/Internet). The result of any system failure may be that clients’ orders are either not executed or are not executed according to their instructions.
EZYFX Limited does not accept any liability in the case of such a failure. The use of wireless or dial-up connection or any other form of unstable connection at the client’s end, may result in poor or interrupted connectivity or lack of signal strength causing delays in the data transmission between the us and the client when using EZYFX Limited’ Electronic Trading Platform. The delay may cause sending to EZYFX Limited orders that are out of date (on old prices). In this case EZYFX Limited will update the price and execute the order at the market price available.
The type of the order can affect its execution. Below are given the different types of orders that client can place with us:
(also “Instant order”) - an order to buy or sell at the price available at a given time. The order will usually be filled at the price the client sees on EZYFX Limited trading platform screen. There may be cases that the price will be different: if the market has moved while the client is placing his order, the price will differ. The client may place a Stop Loss to limit his loss or a Take Profit to limit his profit.
Clients are allowed to buy and sell a financial instrument at a pre- defined price in the future, i.e. place the order at the best available price once a given price is reached. We offer are four types of pending orders available in EZYFX Limited trading platform:
Clients may also attach a Stop Loss and/or Take Profit on pending orders
To close a position, clients may use the following orders:
Stop Loss - the order closes a position at a price less profitable for the client as compared to the current price when making the order
Take Profit – the order closes a position at a price more profitable for the client as compared to the price when making the order.
All orders are placed in lot sizes. A lot is a unit measuring the transaction amount and it is different per each financial instrument. Details of the lot sizes are available on the Site.
If the client wishes to execute a large size order, in some cases the price may become less favorable considering the liquidity in the market. EZYFX Limited reserves the right not to accept a client’s order, in case the size of the order is large and cannot be filled by EZYFX Limited.
EZYFX Limited strives to provide its clients with the fastest execution reasonably possible. We execute clients’ orders at the requested price. However, there may be trading conditions causing orders not be filled at the requested price but at the best available price. This may occur, for example, during periods of volatile market conditions; when trading session starts or on possible gaps where the underlying financial instruments have been restricted or suspended on a particular market.
Although EZYFX Limited executes all orders placed by the client, it reserves the right to decline an order of any type or execute the order at the first available market price.
EZYFX Limited reserves the right to modify its spread. The client may experience widened spreads and execution at the best available price considering the current market conditions.
In the case of any technical communication failure, as well as any incorrect reflection on the quotes feed, EZYFX Limited may at its sole discretion not execute a certain order or change the opening and/or closing price of the order.
Some factors may affect the price of the underlying financial instruments from which the price, quoted by EZYFX Limited, is derived. These factors may influence the criteria that EZYFX Limited takes into consideration in order to ensure the best possible result for its clients. Clients hereby fully and irrevocably accept all risks related to the formation of the EZYFX limited’ price, including without limitation unfavorable changes in the market
Conditions, and acknowledge that EZYFX Limited has taken all reasonable steps to ensure the best possible result for its clients under the current circumstances.
EZYFX Limited will generally consider the following best execution criteria for determining the relative importance of the execution factors:
The best possible result shall be determined in terms of the total consideration (unless the objective of the order execution dictates otherwise), representing the price of the financial instrument and the costs directly or indirectly related to the execution of the order, including execution venue fees, clearing and settlement fees and any other fees paid to third parties involved in the execution of the order (if applicable).
Other factors that may affect the execution of an order include without limitation speed, likelihood of execution, order size, order nature.
4. Specific Instructions
If the client gives a specific instruction to EZYFX Limited as to how to carry out an order and EZYFX Limited has accepted this instruction, EZYFX Limited shall arrange – to the extent possible – for the execution of the client order strictly in accordance with the given instruction.
However, the specific instruction may prevent EZYFX Limited from taking the steps in this Policy to achieve the best possible result for the client.
Certain trading conditions may prevent EZYFX Limited from strictly following the client's instructions. This may result in being unable to apply this Policy.
5. Execution Venue(s)
Execution venues are the entities with which the orders are placed or to which EZYFX Limited transmits orders for execution. EZYFX Limited will enter into all transactions with the client as principal (counterparty) and act as the sole execution venue for all client orders. The client shall open and close a position of any particular financial instrument with EZYFX Limited through its trading platform.
Provided that there is only one possible venue, best execution is achieved by execution on that venue. Clients note that best execution is a process, which considers a variety of factors, not an outcome. When EZYFX Limited is carrying out a client’s order, EZYFX Limited shall execute the order following its execution policy, however EZYFX Limited does not guarantee that the exact requested price will be obtained at all times and, in any event, the factors may lead to a different result in a particular transaction.
The client hereby fully and irrevocably accept that all transactions entered in any particular financial instrument with EZYFX Limited are executed outside a regulated market or a multi-lateral trading facility (MTF) and the client is exposed to a greater risk of a possible default of the counterparty (i.e. EZYFX Limited).
6. Monitoring and Review
EZYFX Limited shall monitor on a regular basis the effectiveness of its order execution arrangements and execution policy to deliver the most favorable result to its clients and to identify and correct any errors or problems that may occur. EZYFX Limited reserves the right to correct any deficiencies in this Policy and to make improvement to its relevant execution arrangements wherever deemed necessary by EZYFX Limited.
It should be noted that EZYFX Limited will not notify clients separately of changes, other than substantial
Material changes (a substantial material change may include a change of execution venues, considerable delay in carrying out orders, etc.) to the Policy and clients should refer to the Site for the
7. Client Consent
The Policy is made available to every existing or potential client of EZYFX Limited. When establishing a business relationship with the client, EZYFX Limited is required to obtain the client’s prior consent to this Policy. Additionally, EZYFX Limited is required to obtain the client’s prior consent before executing client’s orders or receiving and transmitting orders to carry out outside a regulated market or a multi-lateral trading facility (MTF). The client is informed and acknowledges that EZYFX Limited always acts as principal (counterparty) and is the sole execution venue, which is not a regulated market or a multi-lateral trading facility (MTF).
By entering into the Public Offer Agreement with EZYFX Limited for providing services of conversion arbitrage operations at the international currency market and derivatives markets, the client is consenting to an application of this Policy on him.
In this Policy or any Regulations:
Execution venue - shall mean a regulated market, an MTF, a systematic internaliser, or a market maker or other liquidity provider or an entity that performs a similar function in a third country to the functions performed by any of the foregoing.
Multilateral trading facility (MTF) - shall mean a multilateral system operated by an investment firm or market operator, which brings together multiple third-party buying and selling interests in financial instruments in the system, in accordance with non-discretionary rules, in a way that results in a contract in accordance with the provisions of Title II of the Markets in Financial Instruments Directive (MiFID).
Regulated market - shall mean a multilateral system operated and/or managed by a market operator, which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments – in the system and in accordance with its nondiscretionary rules – in a way that results in a contract, in respect of the financial instruments admitted to trading under its rules and/or systems, and which is authorized and functions regularly and in accordance with the provisions of Title III of MiFID.
Systematic internalizer - shall mean an investment firm which, on an organized, frequent and systematic basis, deals on own account by executing client orders outside a regulated market or an MTF.
Should you require any additional information about the Order Execution Policy of EZYFX Limited, please contact us at email@example.com