TRADING TERMS AND CONDITIONS


WSpace (Pty) Ltd (hereinafter the “Company”) is a company incorporated and registered
under the laws of South Africa, with registration number 2016/506271/07. The Company is
authorized and regulated by the Financial Sector Conduct Authority (hereinafter the “FSCA”)
under license number 49128. The Company is authorized to provide the Intermediary Services
as specified in this Agreement.
WSpace Holdings LLC (hereinafter the “Principal”), a corporation organized under the laws of
Saint Vincent and the Grenadines, acting herein as the principal entity, liquidity provider and
counterparty to the trades executed on the Trading Platform as specified in these terms and
conditions (hereinafter the “Agreement”). 

The Company provides the Intermediary Services provided for in this Agreement.
The Client accepts and understands that the official language of the Principal is the English
language. Any translated version of the Agreement and/or any other agreement or
communication, may be provided solely for convenience purposes. In the event of dispute,
the English version shall prevail. 


1. Definitions of Terms

Access Codes Means any credentials provided by the Principal for accessing the
Trading Platform or credentials used by the Client to access the
Client Portal;
Applicable
Regulations
Authorized
Person
Means the rules of any relevant regulatory authority, the rules of
any relevant exchange, and all other applicable laws and rules in
force from time to time, including the FAIS Act, relevant to the
Financial
Instruments;
Means an individual duly authorized on behalf of the Client to
perform under the Agreement; 


Balance Means the net of all realized profits and losses on executed
Transactions and deposits/withdrawals to/from an account;
Base currency
CFD
Means the designated currency of the Client Account;
Means contract for differences;
Client Means any natural or legal person who registers an account on the
Trading Platform and to whom the Principal provides its
Investment Services; 




Client Account Means any and all accounts for trading opened by the Client with
the Principal;
Client’s Bank Account Means an account held, on behalf of the Principal by the
Company, in the name of the Client and/or the name of the
Principal on behalf of the Client with a bank or other institution or
any electronic payment provider or a credit card processor;
Client Portal The portal through which the Client can access the Client Account;
Contract
Specification
Means the principal contractual terms relating to a Financial
Instrument which include such matters as size, price and margin
requirements; 


Financial
Instruments
Means the financial instruments described in clause 3.1 of this
Agreement;
Free Margin Means the amount of funds in the Client’s Account that can be
used for trading; Free Margin = Equity – Margin
FSCA Means the Financial Sector Conduct Authority, whose offices are
located at Riverwalk Office Park, Block B, 41 Matroosberg Road
(Corner Garsfontein and Matroosberg Roads), Ashlea Gardens,
Extension 6, Menlo Park, Pretoria, South Africa (contact telephone
no. +27 12 428 8000), and any regulatory body which succeeds to
one or more of the functions and/or duties performed by the FSCA
as at the date of this Agreement;
General Code Means the General Code of Conduct for Authorised FSPs and
Representatives in terms of the FAIS Act, as amended by Board
Notice 43 of 14 May 2008;
Introducing Broker Means any legal entity or a natural person obtaining
remuneration from the Company and/or Clients for introducing
Clients to the Principal;