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Terms and Condition
Terms and Conditions outline trading rules, responsibilities, and user agreements for a secure platform experience.
TERMS & CONDITIONS
OUR ORDER POLICY
All orders for purchase, sale, or other dealings in securities and other instructions routed through
the Forex Mint Investment’s Online Trading System via the Client’s Username shall be deemed
to have been given by the Client.
The client agrees to provide information relating to customer user identification number, and such
other information as may be required while placing orders on the telephone to determine the identity
of the client.
The orders and instructions and all contracts and transactions entered into pursuant thereto and the
settlement thereof will be in accordance with the Exchange/SEBI Provisions.
The client agrees Forex Mint Investment may impose scrip-wise surveillance or such other
conditions as to scrip-wise limits, etc. The client also understands that Forex Mint Investment may impose various surveillances which may differ from client to client on the basis
of the Forex Mint Investment’s risk perception and other factors considered relevant by
Forex Mint Investment.
TRADING, SETTLEMENT, AND ACCOUNTS
The client agrees that all orders placed through the website shall be forwarded by the system to the
Exchange. All orders placed otherwise than through the website shall be forwarded by the system to
Exchange terminals or any other order execution mechanism at the discretion of Forex Mint Investment. In the event that the order is placed during the trading hours, it shall be routed
to and executed on the market system.
Online confirmation will be sent to the client by electronic mail or SMS after the execution of the
order, trade and this shall be deemed to be valid delivery thereof by Forex Mint Investment.
It shall be the responsibility of the client to review immediately upon receipt, whether delivered to
him by electronic mail or any other electronic means all confirmations of order, transactions, or
cancellations. It shall be the responsibility of the client to follow up with Forex Mint Investment for all such confirmations that are not received by him within a stipulated time.
The client shall bring any errors in any report, confirmation, or contract note of executed trades
(including execution prices, scripts, or quantities) to Forex Mint Investment’s notice in
writing by electronic mail, SMS, or telephone within twenty-four hours of receipt of the concerned
report, confirmation, or contract note. Any other discrepancy in the confirmation or account shall be
notified by the client to Forex Mint Investment in writing via electronic mail or SMS or
telephone within twenty-four hours from the time of receipt of the first notice. In all cases,
Forex Mint Investment shall have a right to accept or reject the client’s objection.
Forex Mint Investment may, at its sole discretion, reject any order placed on the website or
in any other manner due to any reason, including but not limited to the non-availability of funds in
the trading account of the client, non-availability of securities in the Demat account of the client
with a designated depository participant, insufficiency of margin amount if the client opts for margin
trading, suspension of scrip-specific trading activities by or on an Exchange, and the applicability
of a circuit breaker to a scrip in which orders are placed.
The client is aware that the electronic trading systems either at the Exchange or in the office of
Forex Mint Investment are vulnerable to temporary disruptions, breakdowns, or failures. In
the event of non-execution of trade orders or trade cancellation due to the happening of such events
or vulnerabilities due to failure/disruption/breakdown of system or link or any reason which relates
to technical failures, Forex Mint Investment shall be entitled to cancel relative request(s)
with the Client and shall not be liable to execute the desired transactions of the client. In such
event, Forex Mint Investment does not accept responsibility for any losses incurred or that
may be incurred by the Client due to such eventualities which are beyond the control of Forex
Vision Investment.
The client agrees to abide by and be bound by all the rules, regulations, and bye-laws of the
Exchange/SEBI, as are in force pertaining to the transactions on his behalf carried out by Forex
Vision Investment and the orders placed by him on the website or in any other manner.
Forex Mint Investment may allow/disallow the client from trading in any security or class of
securities, or derivatives contracts and impose such conditions including scrip-wise conditional
trading for trading as it may deem fit from time to time.
POSITION SQUARE OFF
Please square off all your open Margin / Intraday positions (Placed with Margin & Intraday Product) in
all segments before 30 minutes of market closing, or otherwise they will be squared off automatically
at any time before 30 minutes of closing of the market. We shall attempt to close the Margin positions
that are still open after the above time, but we cannot guarantee complete Square off. In view of the
above, we cannot be held responsible for any losses or auction losses arising from the Intraday Margin
positions that could not be squared off by the end of the day.
If you are trading offline, please instruct your Dealer about 'Margin' or 'Delv' in EQ segment and
‘Intraday’ or ‘CarryForward’ in the Future segment while placing an order offline. All trades placed
with 'Margin' or ‘Intraday’ product will be squared off automatically before 30 minutes of market
closing in the respective segment. In case of specific instructions not received by the client, all
orders will be treated in general, as for intraday and placed with margin product, and in some cases,
it will be deemed to be the 'Carryforward' as per the discretion of Forex Mint Investment.
Please Note: Intraday Margin Positions (Margin/Intraday) can be converted to Delivery
(Delv - Cash Segment) or (CarryForward - In Derivative Segment) before 30 minutes of market closing.
MARGIN
The Client agrees and undertakes to immediately deposit with Forex Mint Investment such cash
components, securities, or other acceptable security, which Forex Mint Investment may require
as margin. The Client agrees that Forex Mint Investment shall be entitled to require the
Client to deposit with Forex Mint Investment a higher margin than that prescribed by the
Exchange/SEBI. Forex Mint Investment shall also be entitled to require the Client to keep
permanently with Forex Mint Investment a margin of a value specified by Forex Mint Investment so long as the Client desires to avail of the Online Trading Service of Forex
Vision Investment.
The Margin will not be interest-bearing. Forex Mint Investment shall have, at its sole
discretion, the irrevocable right to set off a part or whole of the Margin i.e., by the way of
appropriating the relevant amount of cash or by sale or transfer of all or some of the Securities
which form part of the Margin, against any dues of the Client or of a member of the group of the
Client (for the purposes of these Terms, "Group" shall mean all the individuals, group companies,
firms, entities, and the persons as specified in the schedule to the Member Client Agreement) in the
event of the failure of the Client or a member of the Group of the Client to meet any of their
respective obligations under these Terms. Forex Mint Investment may at its sole discretion
prescribe the payment of Margin in the form of cash instead of or in addition to the margin in the
form of securities. The Client accepts to comply with the requirement of Forex Mint Investment with regards to payment of Margin in the form of cash immediately. Without prejudice
to the stock broker's other rights (including the right to refer a matter to arbitration), Forex
Vision Investment shall be entitled to liquidate/ close out all or any of the Client's positions
for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such
liquidation/ closeout, if any, against the Client's liabilities/ obligations.