CONFLICT OF INTEREST POLICY

1. Introduction

 

This summarised Conflict of Interest Policy (“the Policy”) is provided to you (our Client or prospective Client) in accordance with the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and Other Related Matters Law 144(I)/2007, as subsequently amended from time to time (“the Law”), pursuant to which Herdos (“the Company”) is required to take all reasonable steps to detect and avoid conflicts of interest.

 

The Company is committed to act honestly, fairly and professionally and in the best interests of its Clients and to comply, in particular, with the principles set out in the above legislation when providing investment services and other ancillary services related to such investment services.

 

The purpose of this document is to set out the Company’s approach in identifying and managing conflicts of interest which may arise during the course of its normal business activities. In addition, this document identifies circumstances which may give rise to a conflict of interest.

 

2. Scope

 

The Policy applies to all its directors, employees, any persons directly or indirectly linked to the Company (hereinafter called “Related Persons”) and refers to all interactions with all Clients.

 

3. Identification of Conflicts of Interest

 

 

When the Company deals with the Client, the Company, an associate or some other person connected with the Company may have an interest, relationship or arrangement that is material in relation to the Transaction concerned or that it conflicts with the Client’s interest.

 

While it is not feasible to define precisely or create an exhaustive list of all relevant conflicts of interest that may arise, as per the current nature, scale and complexity of the Company’s business, the following list includes circumstances which constitute or may give rise to a conflict of interest entailing a material risk of damage to the interests of one or more Clients, as a result of providing investment services:

 

(a) When the Company accepts Client order in relation to Forex, the Company will be dealing in the types of Forex concerned as principal for the Company’s account.

 

(b) The Company may be matching the Client’s Order with that of another Client by acting on such other Client’s behalf as well as on the Client’s behalf.

 

(c) The Company may receive or pay inducements to or from third parties due to the referral of new Clients or Clients’ trading.

 

To identify different types of conflicts that might arise in the course of providing its Services, and whose existence may harm or otherwise damage one or more Clients’ interests, takes into account, by way of minimum criteria, the question of whether the Company itself or a Related Person or a person directly or indirectly linked by control to the Company, is in any of the following situations, as a result of providing investment services or otherwise:

 

 

 

(a) The Company or a Related Person is likely to make a financial gain or avoid a financial loss at the expense of a Client.

 

(b) The Company or a Related Person receives or will receive from a person other than the Client an inducement in relation to a service provided to the Client, in the form of monies, goods or services, other than the standard commission or fee for that service.

 

(c) The Company or a Related Person has an interest in the outcome of a service provided to the Client or of a transaction carried out for the Client, which is distinct from the Client’s interest in that outcome.

 

(d) The Company or a Related Person has a financial or other incentive to favor the interest of another Client or group of Clients over the interests of the Client.

 

(e) The Company or a Related Person carries on the same business as the Client.

 

4. Procedures and Controls for Managing Conflicts of Interests

 

In general, the procedures and controls that the Company follows to manage the identified conflicts of interest include the following measures (list is not exhaustive):

 

(a) The Company undertakes ongoing monitoring of business activities to ensure that internal controls are appropriate.

 

(b) The Company undertakes effective procedures to prevent or control the exchange of information between Related Persons engaged in activities involving a risk of a conflict of interest where the exchange of that information may harm the interests of one or more Clients.

 

(c) The separate supervision of Related Persons whose principal functions involve providing services to Clients whose interests may conflict, or who otherwise represent different interests that may conflict, including those of the Company.

 

(d) Measures to prevent or limit any person from exercising inappropriate influence over the way in which the Related Person carries out investment services.

 

(e) Measures to prevent or control the simultaneous or sequential involvement of a Related Person in separate investment services where such involvement may impair the proper management of conflicts of interest.

 

(f) A policy designed to limit the conflict of interest arising from the giving and receiving of inducements.

 

(g) Chinese walls restricting the flow of confidential and inside information within the Company, and physical separation of departments.

 

(h) Procedures governing access to electronic data.

 

(i) Segregation of duties that may give rise to conflicts of interest if carried on by the same individual.

 

(j) Personal account dealing requirements applicable to Related Persons in relation to their own investments.

 

(k) Establishment of in-house Compliance Department to monitor and report on the above to the Company’s Board of Directors.

 

(l) Prohibition on officers and employees of the Company having external business interests conflicting with the interests of the Company without the prior approval of the Company’s board of directors.

 

(m) A “need-to-know” policy governing the dissemination of confidential or inside information within the Company.

 

(n) Appointment of Internal Auditor to ensure that appropriate systems and controls are maintained and report to the Company’s Board of Directors.

 

(o) Establishment of the “four-eyes” principle in supervising the Company’s activities.

 

5. Client’s Consent

 

By entering into a Client Agreement with the Company for the provision of Investment Services, the Client is consenting to an application of this Policy on him. Further, the Client consents to and authorises the Company to deal with the Client in any manner which the Company considers appropriate, notwithstanding any conflict of interest or the existence of any material interest in a Transaction, without prior reference to the Client.

 

In the event that the Company is unable to deal with a conflict of interest situation it shall revert to the Client.

 

6. Disclosure of Information

 

If during the course of a business relationship with a Client or group of Clients, the organizational or administrative arrangements/measures in place are not sufficient to avoid or manage a conflict of interest relating to that Client or group of Clients, the Company will disclose the conflict of interest before undertaking further business with the Client or group of Clients.

 

7. Amendment of the Policy and Additional Information

 

The Company reserves the right to review and/or amend its Policy and arrangements whenever it deems this appropriate without notice to the Client. Should you require any further information and/or have any questions about conflicts of interest please direct your request and/or questions to [email protected]

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Risk Warning: Herdos is a Trading Forex highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone so before deciding to trade Company’s Products you should carefully consider your financial condition and your level of experience. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Risk disclosure: Forex trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading Forex is fixed for each individual trade, the trades are live and it is possible to lose your initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment. Disclaimer: Herdos is an online trading platform provider. We are an industry leading Forex brokers because we offer our investors the ability to trade underlying assets on an accurate and state of the art Forex option trading platform. Herdos advises its clients to read our terms and conditions carefully before opening positions on our platform. Digital option quotes displayed on the Herdos .com platform are rates that the company is prepared to offer options at, and as a result may not necessarily correspond to the exact live market quotations. Trading Herdos contains risks, which may result in partial or full loss of an investment. There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. The Company is not responsible for communication failures or delays when trading via the Internet. Any opinions, news, research, analyses, or other information contained on this website are provided as general market commentary and do not constitute investment advice. The Company is not liable for any loss or damage, including and without limitation to, any loss of profit which may arise directly or indirectly from use of or reliance on such information.