5.3 In relation to any Transaction the Company may act either as a principal on an own account basis (whereby it will be the execution venue) or as an agent (whereby some other third party will be the execution venue).

39.1 The Client should realize that when the Company deals with or for the Client, the Company, its Associates or other persons connected with them may have an interest, relationship or arrangement that is material in relation to any Transactions of the Client effected under this Agreement or that conflict with the interests of the Client. Such situations include without limitation the following examples:

(a) When the Company is acting as a principal, the Company will be acting as the Client’s counter party and hence the Company may be placed in such a position that a conflict- of-interest situation with the Client is created.

9.2 The Company as a principal may enter into offsetting Financial Instruments for its own account with other counterparties and such offsetting may result that prices offered by the Company to the Client may differ from that quoted to the Company by other counterparties. The Company is under no obligation to disclose such price(s) to the Client.

9.35 Scalping and Pip- Hunting is not allowed for Classic and Copy Trading accounts, unless the Company changes its policy on this for which a notice will be posted on the Website. The Company shall have, at its own discretion, the right to reject any Transaction (even an Order or Instruction was accepted) without notice.