法律文件
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Account Opening AgreementIntroduction
1. KONG SHING WEALTH COMPANY LIMITED (hereinafter referred to as the "Company") is incorporated in accordance with the laws of the Autonomous Island of Anjouan, with a registration number of 15705 and a registered address in the Hamchako District, Mutsamudu City, Autonomous Island of Anjouan. The Company holds an international brokerage and clearing license and is permitted to conduct all types of brokerage business in accordance with Government Notice No. 005 of 2005 (hereinafter referred to as the "Law"), and is regulated by the Anjouan Offshore Financial Authority.
2. This Account Opening Agreement (hereinafter referred to as the "Agreement") sets out the terms and conditions under which the Company provides investment services to clients in accordance with the International Business Companies Act 2005.
3. The Company's purpose is to provide diversified brokerage services to corporate and individual clients outside the Autonomous Republic of Anjouan, including but not limited to:
Providing investors with direct consulting services on securities prices, securities investments, securities trading, and related foreign exchange transactions;
Consulting services related to securities issuance and capital;
Arranging and executing the distribution of issuers' securities on a non-guaranteed basis;
Receiving and transmitting clients' securities trading instructions, and executing transactions in their accounts using clients' funds;
Managing clients' investment portfolios and funds for securities operations;
Custody of clients' investment funds and securities, providing safekeeping, depository, and holding-on-behalf services;
Conducting proprietary securities trading with the Company's own funds;
Arranging and executing the distribution of issuers' securities on a guaranteed basis;
Borrowing or lending securities to/from clients, and using the Company's own funds to purchase securities for clients to conduct short-selling operations in compliance with regulations;
Issuing the Company's own deposit products;
Providing loan and borrowing services;
Executing currency and foreign exchange transactions;
Holding assets, capital, precious metals, bonds, stocks, or other financial instruments on behalf of third parties;
Accepting various types of cash deposits (custody transactions);
Opening current accounts and time deposit accounts for corporate and individual clients;
Issuing bank reference letters and compliance certificates;
Issuing securities and handling credit card business;
Providing various types of guarantee services;
Multi-currency account management;
Asset management products;
Investment consulting services;
Financial engineering (comprehensive solutions for private banking and wealth management);
Acting as an intermediary for securities transactions;
Foreign exchange transactions;
Foreign exchange currency conversion operations (utility tokens and security tokens) and Contracts for Difference (CFD).
Definitions and Interpretations
1. The following terms are defined as below and may be used in singular or plural form depending on the context:
Account: A personalized account opened by a client with the Company; each client may open a maximum of 3 accounts.
Account Detailed Report: A statement of the client's securities portfolio, open positions, margin requirements, cash deposits, etc., at a specific point in time.
Ask Price: The price at which the Company is willing to sell Contracts for Difference (CFD).
Inactive Account: A trading account with no financial or trading activities and no pending orders for 60 consecutive days (pursuant to Clause 14 of this Agreement).
Authorized Person: A natural person or legal person designated by the client through a power of attorney to send account operation instructions to the Company.
Balance: The total amount in the client's account after the most recent completed transaction and deposit/withdrawal operations.
Best Execution Policy: The Company's current policy regarding ensuring the best execution conditions when executing clients' instructions.
Bid Price: The price at which the Company is willing to buy Contracts for Difference (CFD).
Business Day: A day on which banks in the Autonomous Island of Anjouan are open for business.
Introducer: A natural person or legal person who has signed an agreement with the Company and is responsible for referring clients to the Company.
Contract for Difference (CFD): A financial contract settled based on the price fluctuations of the underlying asset.
Client: A natural person or legal person accepted by the Company and receiving its services.
Collateral: Securities or other assets deposited at the Company's execution premises.
Company's Official Website: www.kswcl.com or other websites designated by the Company.
2. In case of any conflict between this Agreement and the relevant market rules, the market rules shall prevail.
3. References to "person" in the clauses include legal persons, unincorporated organizations, partnerships, and natural persons.
4. References to laws in the clauses include their revised versions or relevant regulations.
5. Headings and notes are for reading convenience only and do not affect the interpretation of the clauses.
Scope of the Account Opening Agreement
1. The Company has the right to unilaterally suspend or terminate all or part of the services at any time without providing reasons.
2. This Agreement is non-negotiable and shall take precedence over other oral or written agreements unless otherwise decided by the Company.
3. Pursuant to the International Business Companies Act 2005, remote contracts are legally binding without requiring signatures. The Client confirms that the terms of this Agreement are valid for them, and breach of contract may result in legal proceedings.
4. The Client confirms that the following actions shall be deemed as acceptance of this Agreement:
Filling out and submitting an online account opening application and clicking the "Accept" button;
Continuing to access or use the Company's official website.
Version
2025/05
