Account Opening Agreement – Al Mithaq Investment

This agreement is entered into between:

First Party: Al Mithaq Investment, a licensed and registered financial brokerage company in the Sultanate of Oman (“the Company”).

Second Party: The individual or entity opening a trading account (“the Client”).

By opening an account with the Company, the Client agrees to comply with all of the following terms:

Scope of the Agreement

  • This agreement covers the opening and use of an electronic trading account with Al Mithaq Investment for the purpose of trading in financial markets, including forex, stocks, commodities, indices, and cryptocurrencies (as regulated).

Client Information

  • The Client shall provide accurate and complete information when opening the account.
  • The Company reserves the right to request additional verification documents at any time in accordance with regulatory requirements.
  • The Client must promptly inform the Company of any changes to their information.

Account Opening and Activation

  • Account opening is subject to internal review prior to activation.
  • The Company may refuse to open or suspend the activation of an account without providing reasons, to ensure regulatory compliance.

Trade Execution

  • The Client agrees to execute trades electronically through the platform.
  • All orders are considered final once submitted by the Client.
  • The Company is not responsible for any delay or rejection in execution due to factors beyond its control such as market volatility or technical issues.

Deposits and Withdrawals

  • Deposits shall be made using the approved methods on the platform (bank transfer, cards, wallets).
  • Clients may be required to use the same deposit method for withdrawals.
  • All withdrawal requests are subject to review and are processed within 1 to 3 business days.

Fees and Commissions

  • Trading fees, swap charges, or spreads may apply depending on the account type and financial instrument.
  • The Company has the right to update fees and commissions with prior notice.

Risk Management

  • The Client understands that trading may result in the total loss of invested capital.
  • The Client acknowledges reviewing the Risk Disclosure Document before trading.
  • The Company provides risk management tools such as stop-loss orders, but does not guarantee loss prevention.

Platform Usage

  • The Client agrees to use the platform solely for trading purposes.
  • The use of bots, scripts, or any form of automated intervention without written authorization from the Company is prohibited.
  • The Company may suspend the account in case of suspicious trading behavior or breach of terms.

Data Privacy

  • The Company is committed to protecting Client data in accordance with the published Privacy Policy.
  • Data may be shared with regulatory authorities or partners as legally required.

Termination of Agreement

  • The Client may request account closure at any time after settling all open positions.
  • The Company reserves the right to terminate the agreement without notice in case of breach of terms or regulatory obligations.

Governing Law

  • This agreement shall be governed by and interpreted in accordance with the laws of the Sultanate of Oman.
  • Any disputes shall be submitted to the competent courts in Oman.

Client Acknowledgment

  • Has read and understood all the above terms.
  • Is aware of the nature and risks of trading.
  • Agrees to fully comply with the relevant policies and regulations.