1 – 5: General Website Terms and Conditions
6 – 11: Subscription Terms and conditions
Welcome to Global Accountancy Institute, Inc. (“us”, “we”) registration website and its related services. You may access many areas of our website without registering your details with us; however, certain areas are only open to you upon registration. The terms and conditions which govern materials submitted by you to us and your use of this website (including all ‘Global Accountancy Institute, Inc.’ branded microsites and any email bulletins) are governed by our general “Terms and Conditions of Reading”. These Terms and Conditions of Registration are in addition to the general Terms and Conditions of Reading.
General Website Terms and Conditions
1.1 • By registering here and creating your “Global Accountancy Institute, Inc. Profile”, you can access different services that are offered by us without having to register for each service separately. If a service you wish to subscribe to has additional terms and conditions, you will be asked to accept these separately.
1.2 You agree that:
(1) • You will keep your username and password safe and won’t share them with anyone.
(2) • You will not pass yourself off as someone else or create multiple, false accounts.
2.1• If you breach these or any of our other terms and conditions, we reserve the right to close your account, if we do so, we may close all accounts you have open in your name.
2.2 • To deactivate your account please contact our Support Team; their details can be found on our home page.
3.1 • You can update your personal details (including your account and marketing preferences) by accessing your account at your Global Accountancy Institute, Inc. Profile page and making any necessary changes; this will update your details across all services that you have subscribed to.
4. • Data
5.1 • No waiver by us of any breach of these terms shall constitute a waiver of any other prior or subsequent breach and we shall not be affected by any delay, failure or omission to enforce or express forbearance granted in respect of any of your obligations.
5.2 • The rights and remedies of this under these terms are independent, cumulative and without prejudice to its rights under the law.
5.3 • These terms are not intended to create and shall not create any rights, entitlements, claims or benefits enforceable by any third party by virtue of the Contracts (Rights of Third Parties) Act 1999.
5.4 • These terms and/or your use of the website shall be governed by and construed in accordance with English law and the English Courts shall have exclusive jurisdiction over any dispute which may arise.
Trading Subscription Terms and Conditions
6. Trading Rules and Guidelines
6.1 • The trading account and all funds remain the property of Global Accountancy Institute, Inc., hereby referred to as ‘The Account Owner’. Subscribed traders hereby referred to as ‘Traders or Subscribers’ are not liable for any losses incurred during their authorized and acknowledged trading activity on the Account Owners’ funded accounts. Subscribers have no title, ownership, investment, or rights to the funds in the trading account. Subscribers may receive account credentials, trade execution rights and statements for the account on behalf of the account owner, yet are prohibited from any direct contact with, or instruction to the broker or any other intermediary. Any such direct and non-Global Accountancy Institute, Inc. sanctioned contact with any Global Accountancy Institute, Inc. broker or intermediary will result in instant subscription termination and trading account closure.
6.2 • Traders are compensated on performance and target completion basis only. Traders keep 50% of their profits if and when a profit target of 5% is reached.
6.3 • Traders will initially manage a $50,000 trading book on Pro subscription and $25,000 trading book on Lite subscription. Islamic accounts are available for both packages.
6.4 • The leverage for the Pro and the Lite Package is 1:3. So that gives the buying power of $150,000 for the Pro and $75,000 for the Lite.
6.5 • Traders may only trade on major and minor pairs. Any combination available of the following currencies may be traded as pairs: CHF, USD, GBP, EUR, JPY, CAD, AUD, NZD, XAU.
6.6 • All traders must adhere strictly to a maximum drawdown of 10% of the starting balance. Provided that Global Accountancy Institute, Inc. shall disable the account of any trader who either loses 10% of the starting capital or in drawdown of more than 10% while trading.
6.7 • Hedging is not allowed. 2 or more opposing positions that result in margin limit breaches are deemed to be unauthorised trading activities. Traders may not use EA’s, scripts, or robots. Nor may traders engage in copy trades, hedging or following other traders’ entry and exit signals. All trades must be based on the trader’s own analysis and decisions.
6.8 • Global Accountancy Institute, Inc. is not responsible for any technical issues arising from the usage of MT4 or any other systems provided by their appointed brokers.
6.9 • Only one account per individual is permitted. Subscribers will be billed on a recurring 30-day rolling period. Subscribers may cancel at any time by sending a cancellation request email to info@Globalaccountancyinstitute.com
7. Trading Hours
7.1 • Trading hours for the Global Lite account are 08:00 – 23:00 MT4 time Monday – Friday. All positions must be closed on Fridays at 23:00 MT4 time.
7.2 • Global Lite account traders may not open new trades outside the trading hours or hold open positions over the weekend.
Traders are allowed to modify, close or carry positions overnight but no trades may be held over the weekend.
7.3 • Global Pro subscription traders have 24-hour trading, they are authorized to open, hold or close positions whenever the markets are open. However, all trades must be closed at 23:00 MT4 time. No trades may be held over the weekend.
7.4 • Promoted traders may be subject to additional conditions defined in section 12.
8. Unauthorised Trading Activity
8.1 • Any pattern of unauthorised trading will leave the trader ineligible for withdrawals, refinance, renewals or account growth.
8.2 • Any pattern of unauthorised trades after a warning will result in instant account closure.
8.3 • Any funds gained in the trading account as a result of unauthorised trades will be removed from the account and credited to Global Accountancy Institute,Inc. at investor/trader withdrawals.
8.4 • All actions related to unauthorised trading activities are implemented autonomously by our signature award-winning machine learning AI risk system and are final.
8.5 • Warnings related to unauthorised trading activity may not always be sent before action is taken by the risk system.
8.6 • Only one account per verified individual is permitted. Traders are not permitted to allow others to trade their account and may not trade on any other Global Accountancy Institute, Inc. account. IP addresses, device IDs and behavioral data maps will be used by the automated risk system as a basis for determining unauthorised trading activity.
8.7 • All traders must be contactable on the telephone number provided during verification at anytime a position is held in the markets. Global Accountancy Institute, Inc. reserve the right to demand extra video verification at anytime. Failure to contact the trader or to verify identity will result in trade deletion and/or account suspension.
9. Profit Withdrawal Schedule
9.1 • Traders are compensated on a profit split basis only. Traders keep 50% of all profits if and only when a profit target of 5% is reached.
9.2 • Requests for withdrawal can be made whenever the account balance is at least the original 100% + 5% and the subscription is active.
9.3 • Withdrawals in blocks of 5% above original balance are deducted upon request from the trading account. There are no limit on the number of withdrawals made on a monthly basis. An equal share of 50% of every account withdrawal is transferred to the investor’s pool and to the trader’s equity account and is held separately from the trading account. The total amount requested from equity will be sent to the trader on Friday each week.
9.4 • Withdrawals are processed up to Thursday of every week and payouts to traders are made on Friday of every week.
9.5 • Payments will be made by Bank Transfer or PayPal to an account in the trader’s own name. Alternative payment methods may be available; however, the trader must ensure that bank transfers related to FX are receivable by the institution and its regulators in the trader’s geographic location. Global Accountancy Institute, Inc. partners with local brand ambassadors in various countries to assist in payout.
9.6 • Global Accountancy Institute, Inc. will not be responsible for failure to deliver a payout due to adverse regulatory directives or rejection in any country or region. Nor will payment be re-sent in the event of rejection of transfer by the receiving foreign institution.
9.7 • Global Accountancy Institute, Inc. does not charge for trading account withdrawals or payout to UK banks or PayPal. The receiver may be charged by the payment system.
*UK Bank Transfer- free
*Nigerian Bank Transfer- free
*Indian Bank Transfer- free
*USDT ERC20- (Gas Fee Variable) USDT TRC20- (Gas Fee Variable)
*Deel- 25 USD
10. Refund Policy
10.1 • Refunds may be requested within 14 days of the INITIAL subscription.
10.2 • The amount receivable is based on the number of days remaining on license divided by 30, and then multiplied by the license fee.
10.3 • Any losses made during the period of subscription are deducted from the refund amount.
10.4 • If losses exceed the value of the amount in 10.2 then the trader is ineligible for a refund.
10.5 • Refunds will not be issued should the trader continue to trade after requesting the refund.
10. Refinance Option
10.6 • All Traders with negative balances, without open positions or resting orders may receive refinance back to the initial balance of $25000 or $50000 for an extra charge.
10.7 • This is subject to approval by the risk team after the second request and is only available to those without unauthorized trades on record.
11. Growth Fundamentals
11.1 • Pro subscriber accounts will be increased in size by means of a capital injection once 10% profit on the initial starting capital is realized. Such accounts will be grouped by stage and the account manager thereafter classed as a promoted trader.
11.2 • For the rapid growth option, the 10% growth deposit must be maintained in the account and may not be withdrawn. 5% profit withdrawals are separate and may be withdrawn at any time.
11.3 • Promoted traders will be further grouped by stage for risk management and will receive gradual easing of all restrictions.
11.4 • Promoted traders may not withdraw any of the growth deposits of 10%.
11.5 • Promoted traders who achieve 10% profit from the initial starting capital shall be eligible to withdraw 5% of the profit subject to a profit-sharing ratio of 50/50 for the steady growth option.
11.6 • Promoted traders must respect the drawdown limit of 10% ($5,000). Any breach of the maximum drawdown level will result in the additional funding being removed.
12. Promotion Benefits
12.1 • There is no increase in monthly fee for any of the promotion stages.
12.2 • Stage 4 promotion earns weekend position holding, removal of 5% withdrawal minimum and no monthly subscription.
13. Loyalty Benefits
13.1 • All Traders with 6 months continuous subscription and without unauthorized trades or drawdown breaches on record will be granted the ability to hold positions over weekends, but it does not include the account growth earned by traders who hit the growth profit target.
14. Risk Disclaimer
14.1 • Global Accountancy Institute,Inc. or its brokers may change margin requirements at any time in line with perceived or actual excessive changes in volatility and/or liquidity.
14.2 • Global Accountancy Institute,Inc. or its brokers may cancel orders or trades at any time in line with perceived or actual risk of non-execution of stop or limit orders due to market conditions.
14.3 • Global Accountancy Institute,Inc. or its brokers are not responsible for the variable spread, liquidity levels or limit order execution parameters provided by liquidity providers and market makers.