Trading Floor Terms & Conditions
Your choice of membership category on joining will determine the fees you pay. The Membership Application form sets out the membership and deposit fees payable when you join Forex Trading Floors Ltd (deposit only applicable to a monthly direct debit subscription). The membership fee and any other fees are payable in advance by each member (irrespective of actual use of the trading floors) either by cash, cheque, debit/credit card or standing order agreement. If you wish to pay monthly by direct debit, these fees are collected on the 1st of each month, or the nearest working day thereafter, and membership is automatically renewed each month.
Cancellation of membership payable by standing order must be in writing or email to the Forex Trading Floors Ltd manager providing one full calendar month’s notice e.g. written notice received on or before 31 December will terminate membership on 31 January and written notice received during January will terminate membership on 28 February. Cancelling your standing order instruction for the monthly fee or a verbal instruction to any member of staff is not sufficient.
If your Bank fails to make a payment from your account when due Forex Trading Floors Ltd will write or email to advise you of this. An administration fee of £15 may be charged for each failed direct debit payment.
It is the responsibility of members to cancel the standing order mandate after the final payment has been received. Forex Trading Floors Ltd will not be held responsible for payment issues arising more than 60 days from the effective cancellation date.
Proof of postage requesting cancellation, hand delivered letters countersigned/photocopied by Forex Trading Floor Ltd staff or e-mail are the only criteria accepted as confirmation of cancellation in the event of a dispute. No member of staff is authorised to give verbal confirmation of termination of membership.
A member who terminates their membership will have no claim to any refund of their charge(s). A member whose membership is terminated will forfeit all the privileges of membership e.g. trading stations, kitchen and seating area without any refund. Members will be refused entry if outstanding payment issues are not settled and any payments outstanding 30 days after becoming due are liable for immediate recovery by lawful means.
Membership may be refused or rescinded with good reason at the discretion of the management at any time and admission to Forex Trading Floors Ltd premises may also be refused to any member or their guest at the discretion of the management.
Membership is personal to the member and may not be assigned, transferred,sold on and members who ‘lend’ their membership card to third parties will have their membership rescinded without a refund.
Membership fees and other fees are reviewed periodically. Subscription charges are as posted at reception and may be varied by the management without notice. Standing orders subscribers will be given at least 10 working days written notice of any changes to the address provided by the member.
Annual/short term fees paid in advance cannot be refunded under any circumstances. Forex Trading Floors Ltd provides multiple membership options and the greater the commitment the lower the overall annual subscription rate.
Membership cannot be suspended for any period of time. In exceptional circumstances such as injury or ill health, the management (at its sole discretion) may agree to suspend membership with documented medical evidence to a maximum of 6 months subject to a ‘maintenance’ fee of £10 per month or part thereof. The fee will be collected in place of your usual direct debit payment or in advance for fixed term memberships.
All members agree to abide by the Rules as posted in the premises and on the website www.forextradingfloors.co.uk. Copies are available for members if requested. In the event of any dispute as to the meaning of the Rules or of these Terms & Conditions the reasonable interpretation of Forex Trading Floor Ltd Managing Director shall be final and conclusive.
Membership may be withdrawn with no refund if any member breaks the Trading Floor Rules.
'Professional Trader' members have the option to connect a private landline at the Forex Trading Floors. However the utility contract must be in the member's name, addressed to them and if they leave/asked to leave the Forex Trading Floors it is the member's responsibility to cancel the contract.
Neither Forex Trading Floors Ltd nor the employees or agents of Forex Trading Floors Ltd shall be liable for any loss damage or theft of personal property belonging to any member or any guest of a member occurring on the premises.
Neither Forex Trading Floors Ltd nor the employees or agents of Forex Trading Floors Ltd shall be responsible for any injury occurring on the premises whether as a result of the use or misuse of the facilities and/or equipment provided by Forex Trading Floors Ltd or otherwise in the absence of negligence on the part of Forex Trading Floors Ltd their employees and/or agents.
Forex Trading Floors Ltd reserves the right to vary these Terms & Conditions on not less than 28 days notice to members. Notice of any variation will be validly given to members if posted in a prominent position in the premises.
Forex Trading Floors Ltd Terms & Conditions as varied from time to time are deemed to be accepted and binding by persons applying for membership and continue to be accepted and binding for any member who renews within 3 months of the last expiry date of their membership. All new member membership renewals after 3 months and direct debit memberships must sign or re-sign their acceptance of such Terms & Conditions of membership. Forex Trading Floors Ltd Terms & Conditions are available upon request or on our website www.ForexTradingFloors.co.uk