Beneficial InvestingIf you ask yourself: why not to put my money into some bank. The matter of fact is that no passive deposit will ever compare to the incomes from active investments into one the most profitable legal businesses.Investing free money has two basic objectives: to get the maximum profit; at the same time, keeping the money safe. Unless the money is invested, it will lie dead until it vanishes in the ocean of expenses.
Guaranteed IncomeYou probably ask yourself: can there be any trade involving no risk? We make a unique offer: regardless of the trading results we guarantee you a minimal daily income of 0.5% provided by the ever-growing reserve fund. We have good experience in currency trading as well as unique programs of technical analysis we have developed on our own. Our trading system is original: it's the result of the joint work of our team and the specialists from several research institutes for many years.
CLIENT AGREEMENT
Last updated on June 4, 2007
This Agreement provides terms and conditions determining the operation procedure for your account on www.OpenTrade.net, an official web-site of Open Trade International, Inc. (hereinafter - "Open Trade" or "Company"). By opening an account on our web-site and by visiting it you (hereinafter - the "Client" or "you") agree to the provisions of this Agreement and abide yourself hereto. Unless you agree to the terms of this Agreement, please, do not visit this web-site.
General Provisions
The Client transfers money to a trust and Open Trade accepts the obligations to dispose the funds received from the Client exclusively on his/her behalf. Open Trade shall timely pay the profit from trading in accordance with the terms and conditions stipulated herein.The Client warranties that all funds deposited at Open Trade are from legitimate source. Open Trade warranties the safety of the funds the Client invests as well as the payment of the minimal daily profit.The money is placed to Open Trade account and the Client receives the profit using E-gold or/and e-Bullion payment systems.All amounts shown on the web-site are in US dollars.
Opening of the Account
In order to participate in the investment project the Client is required to open an account on the Open Trade web-site. While registering the Client shall state accurate and complete personal information.By opening the account the Client acknowledges that he/she has reached the full age according to the legislation of the country of his/her nationality. Unless you are an adult, you cannot enjoy our company's services.The Client may have only one Open Trade account for each payment system (E-gold and/or e-Bullion). If the client wants to invest money using both payment systems, he/she needs to create a separate Open Trade account for each e-currency. Open Trade does not exchange E-gold into e-Bullion and vice versa.The Client shall keep his/her login and password secret and shall not provide this information to any third parties and organizations. In the event of the Client's default to keep the personal information confidential, Open Trade shall not be kept responsible for the safety of the Client's funds, however, it shall, to the full extent, assist in investigating such events.The Client shall retain all documentation confirming the money transfers.The Client shall independently trace the changes in the invested funds.Placing the assets invested by the Client to the Operating Account in the Open Trade system is instant.
Investing Terms and Conditions
The minimum investment is $100 *. There is no maximum limit for the investment.The minimum period for investing is 240 trading days. There is no maximum period for investing.* When the
Promotional Package, providing the specially stipulated
terms since May 20, 2006 to Nov 20, 2007, is in effect, the minimum investment can be $20, and the maximum investment can be $50. The minimum investing period for the Promotional Package makes up 90 trading days. Please note that you cannot compound with Promotional Package and it cannot be upgraded to higher packages.
Profit Calculation
A trading report for the previous FOREX trading day can be found on Open Trade web-site, in the Client's personal page on the next calendar day after 9:00 a.m. UTC/GMT.Depending on the investment volume Open Trade provides the following schemes of profit calculation:
- Starter Package: When investing from $100 up to $1,000, the maximum daily profit is up to 1.2% of the sum on your Deposit Account.
- Medium Package: When investing from $1,001 up to $5,000, the maximum daily profit is up to 1.5% of the sum on your Deposit Account.
- Advanced Package: When investing from $5,001 up to $15,000, the maximum daily profit is up to 1.8% of the sum on your Deposit Account.
- Professional Package: When investing from $15,001 up to $30,000, the maximum daily profit is up to 2.0% of the sum on your Deposit Account.
- Elite Package: When investing from 30,001$ and higher, the maximum daily profit is up to 2.2% of the sum on your Deposit Account.Open Trade charges the Client his/her daily profit based on the trading results.By the end of the trading day the profit under the simple interest is automatically put on hold in the Open Trade system. The trading day ends at 12:00 p.m. UTC/GMT. The money put on hold is accrued to the Operating Account according to the payment scheme selected by the Client (see the section Withdrawal of Profit).Once the money put on hold is accrued to the Client's Operating Account, the Client can withdraw, reinvest or leave it on his/her account.As soon as the funds on the Deposit Account reach the investment package volume with a higher interest rate, the calculation of daily profit is automatically performed in accordance with the interest rate of this package.The profit is calculated during the FOREX trading days except for weekends (Saturdays and Sundays), as well as US and EU bank and public holidays resulting in impossibility to execute the trading transactions on FOREX. You can see the list of holidays
here.In addition to weekends and holidays Open Trade reserves the right not to trade for technical reasons. In this event the clients still get the minimum daily profit.The minimum daily profit regardless of the trading results may not be less than 0.5% of the sum invested in Deposit Account. It is fully guaranteed by the Open Trade reserve fund.When trades are successful Open Trade may, in its own discretion, charge bonuses to its Clients.
Compounding
The profit under the compound interest rate is calculated to the Client's Deposit Account at the end of the trading day.All reinvested profits are considered new deposits the investment period of which makes up 240 trading days. The period starts from the moment of the reinvestment.240 trading days after, the profit from the deposits with the compound interest is transferred from the Client's Deposit Account to his/her Operating Account in the Open Trade system.The Client may select the compound rate from 0% to 100% and modify it any time in his/her discretion. The modification of the compound rate comes into effect after the end of a current trading day.As soon as the funds on the Deposit Account reach the investment package volume with a higher interest rate, the calculation of daily profit is performed in accordance with the interest rate of this package.Open Trade reserves the right to terminate the calculation under the compound interest rate to the simple interest, when the sum on the Client's Deposit Account reaches $100,000.
Withdrawal of Profit
The Client manually requests the withdrawal of profit. Withdrawal requests are processed within 24 hours from the moment the request is made. The profit can be withdrawn to the e-currency that was used for the investment only. E-gold investments cannot be withdrawn to e-Bullion and vice versa.The minimum amount to withdraw is $1. The maximum amount to withdraw is not limited.Open Trade pays the commission to E-gold and e-Bullion on its own.The sum of initial deposit and all subsequent deposits can be withdrawn 240 trading days after the moment the relevant deposit was invested.The earned profit is withdrawn under the following schemes:
- once every two calendar weeks - 0% of the withdrawn sum is charged (set by default).
- once a week - 3% of the withdrawn sum is charged.
- once a day - 5% of the withdrawn sum is charged.The Client may select the payment scheme and change it any time in his/her discretion. The modification comes into effect after the end of the current payment scheme.
Interest on the Balance Calculation
Every day the interest is calculated on the balance of the Operating Account. The annual interest rate is 6%.
Referral Commission
Once the Client has registered the account in Open Trade system he/she joins the referral program and he/she gets a personal referral link.The Client can advertise his/her referral link and attract new investors only by legitimate means.In order to obtain the referral commission, no deposit on the account is required.Open Trade pays the Client the referral commission of 5% of the initial E-gold and/or e-Bullion deposit for every attracted client, and 1% of all subsequent E-gold and/or e-Bullion deposits.The referral commission is paid in E-gold or e-Bullion, depending on the e-currency of the Open Trade account that was used for referral.The referral commission is immediately placed on the Client's Operating Account. The Client may reinvest it, withdraw or leave it on his/her Operating Account.The Client shall not anyhow create several accounts with a view of obtaining the referral commission. In the event Open Trade discovers such a fact, it reserves the right to unilaterally terminate the Agreement.
Pre-Term Investment Refund
The Client, in his/her discretion, has the right to get the invested funds back. The sum is subject only to a full refund. In this case the Client is charged with a 10% fine of the investments and all paid and not paid profit for the whole investment period is deducted. The invested sum is refunded not later than 2 weeks after the Client's written request to refund is received.
Termination of the Agreement
Open Trade independently decides on any transaction with the Client's money.Open Trade has the right to unilaterally terminate the Agreement with the Client without any explanations. In this case Open Trade refunds the Client all the money invested as well as the profit paid or due.In case of the Client's default, Open Trade has the right to terminate the Agreement. In this case the invested money is refunded with the deduction of interest payments and sums of the damage incurred by Open Trade due to the Client's fault. Open Trade solely determines the sum of the damage.The Client has the right to unilateral termination of the Agreement upon his/her written notice. In this case the Client is charged with 10% fine of the invested sum and all paid and unpaid profit for the investment period is deducted. The invested money is refunded in accordance with the conditions of profit withdrawal.
Tax Collection
You acknowledge and agree that Open Trade does not collect tax for any authority in any form or manner unless required by law.It is your sole responsibility to calculate and pay all taxes due in your country of residence or otherwise as a result of obtaining the profit.
Copyright
All content, trademarks, logos and icons are the property of Open Trade and are protected by copyright laws and international treaties and regulations.Images displayed on the website are either the property of Open Trade or used with its permission. You agree not to upload, post, reproduce or distribute any information, software or other material protected by copyright or any other intellectual property right without the prior permission of the owner and the prior written consent of Open Trade.Nothing contained on the website shall be construed as granting any license or right to use any trademarks without the written permission of Open Trade. The use of the trademarks, or any other content of the website, except as provided herein, is strictly prohibited.
Disclosure of Client's Personal Information
Open Trade will not share or sell information regarding its clients and/or prospective clients. Open Trade may disclose to regulatory agencies and law enforcement authorities information regarding the client and client's transactions in response to a request for such information or in response to a court order or subpoena.
Modification of the Agreement
Open Trade reserves the right to modify this Agreement any time and you shall regularly look through the news on Open Trade web-site, since your continuing use of this web-site shall mean your consent to all such modifications.The modifications in the Agreement come into effect a week after they are published on the web-site.
Governing Law and Dispute Settlement
This Agreement is governed by legislation of the Republic of Panama.In case of any dispute or difficulty in regard to this Agreement the Client shall immediately notify Open Trade in writing. All disputes are resolved by negotiating. Unless the dispute is resolved, it is settled by court in accordance with the legislation of the Republic of Panama.
