a. The Trading hours for the system begins at Monday, 0101hrs and ends at Friday 2000hrs (System Time, Central European Standard Time).

b. There will be no trading from Friday, 2001hrs to Monday, 0100hrs.

c. Clients will be informed in advance of changes in operating hours due to holidays and special system maintenance requirements.

d. System time will be automatically adjusted to daylight saving for autumn and winter season.

a. Necessary Margin is the initial USD margin amount that is required to be in an account to cover all of a Client's open trading positions.

b. The Necessary Margin for all of the currencies in the trading system is USD 100 (mini account) per lot for Day Trade and USD 200 per lot for Overnight Trade.

c. Margin requirements are subject to change, and shall apply to all new and existing positions.

Day Trade: 0100 to 2000 hrs System Time
Night Trade: 2000 to 0100 hrs System Time

a. Call margin 1 (MC 1) is incurred once the equity falls below 70% of the used margin when night trade starts (2000hrs System Time). Clients are required to deposit margin to the level of overnight used margin. The account's ability to establish new positions will automatically be disabled and all open positions must be liquidated unless sufficient margin has been deposited into the account within the stipulated time. Limit orders placed for open positions will not be executed.

b. Even if the market turns in favor of the account after an account goes into a Call Margin status, the demanded amount for Call Margin must still be deposited into the account.

c. A stop loss/limit order must be placed to avoid the equity from falling below 30% of the used margin at all times. If no stop orders were placed, the system will auto-lock hedged) the open positions once equity falls below 30% of the used margin (Margin Call 2). Clients are required to deposit margin to the level of used margin based on the margin requirement when the account is on call margin. Limit orders placed will not be executed unless sufficient margin is deposited. If no sufficient margin is deposited before the stipulated time, all auto-lock (hedged) will be closed by the system automatically.

d. The Client will be solely liable for any additional margin that was required to be deposited into his/hers/its account with PERFORMANCE FOREX reserve the rights to close all the open position(s) of the account automatically if the additional margin is not received by the stipulated time. Call Margin applies to both Day and Night Trade.

Day Trade: 0100 to 2000 hrs System Time
Night Trade: 2000 to 0100 hrs System Time

a. The normal bid/ask spread quoted may vary in times of exceptional or volatile market conditions.

b. Orders are accepted through the Internet.

c. Trading by telephoning the dealing desk of Performance Forex are only accepted in the event an Internet order is not practical or possible due to a technical fault, communication breakdown etc. (Telephone number of dealing desk may be given). You are to note that:

i. If the system failure is on the client's end, the dealer will execute the trades as per verbal instructions of the client on liquidation; hedging and placement of stop and limit orders.

ii. If the failure is on the mainframe of our system, liquidation and stop loss orders will be taken manually and adjustments will be made once the system is back on.

iii. Dealing code is given together with Login ID and Passwords when the account is opened. The Dealers at the Dealing Desk reserve the rights to refuse execution of client's order on their behalf should the dealing code when prompt by the Dealer is not given.

d. All trading orders placed/done through the Dealing Desk are recorded by telephoning devices. All conversations concerning price quotes requests, order execution and confirmations, are recorded to ensure fairness and accuracy for all parties involved in the delivery and execution of a trading order, and at Performance Foreign Inc's. discretion it may be kept for up to 2 weeks.

e. Orders that are placed through the Dealing Desk will be deemed fair, undisputed and accurate unless the Client disputes within 48 hrs of the trade being executed.

f. An order placed or executed through the Internet will be prompted by the system if it was confirmed or unsuccessful. If confirmed, its terms are final and the obligation of the Client is established.

g. It's at the sole discretion of Performance Forex to make any adjustments or corrections in terms of dispute involving the execution and placing of orders, either by trading from the Internet or by telephoning the Dealing Desk.

h. Trading on an electronic trading system may engage risks associated with communication failures, delayed quotes, error quotes, including the failure of hardware and software. The result of any system failure may be that the order is not executed according to your instructions or is not executed at all.

i. Should quoting errors result in a mistype, such as but not limited to a wrong big figure quote, Performance Forex will not be liable for the errors resulting in the account balances and Performance Forex reserves the right to make necessary changes and/or adjustments on the accounts involved.

a. The Client shall pay commissions and other charges to the Company or its brokers, agents and representatives in connection with transactions conducted on behalf of and services rendered to the Client for the Account at such rate as the Company may from time to time have notified the Client or otherwise prescribed by the Company as being the rate or rates applicable to the Account.

b. Commissions are charged upon open trade.

c. Before beginning to trade, Client should obtain a clear explanation on commissions, storage fees, interest rate/ premiums and other charges for which he or she will be liable.