Customer Agreement

Termination

Without limiting our rights to take the action set out in clause
- Each of us or you may terminate this Agreement by giving the other reasonable notice (in writing). Nothing in this clause
- Effects our other rights in this Agreement. Further, each indemnity provided by you in this Agreement survives termination. On termination of this Agreement, without restricting any of our other rights in this Agreement, we may do one or more of the following:
(a) close your Account;
(b) settle any Transaction which has not at the time of termination settled;
(c) enter into one or more Transactions to effect the Close Out of one or more unsettled
Transactions or Open Positions (and determine the value at which the Transaction or Transactions will be Closed Out);
(d) cancel any Orders;
(e) do or refrain from doing anything which we consider appropriate in the circumstances;
(f)exercise any of our other rights in this Agreement.
- we’re not liable to you for any loss, expense, Cost or liability that you suffer or incur because of any failure of the Platform, data or service interruptions, transmission failure or delays or similar technical errors arising out of or in connection with the use, operation, performance and/or error or malfunction of the Platform, other than as a result of our fraud, willful default or negligence;
-(b) we’re not liable to you for any removal of Profits or Losses you might suffer due to errors in quotes which are the result of our typing errors, feed errors or any incorrect perception of information that you enter into the system other than as a result of our fraud, willful default or negligence;
-(c) we’re entitled to make the necessary corrections in your Account based on the market value of the relevant Underlying Asset the time an error occurs;
-(d) the price of your Contract may change in the time between when we initially offer it to you and when we receive your Order, because of delays in transmission between you and us. If we offer automatic Order execution to you, we’re entitled to change the price at which your order is executed to the market value at the time we receive the Order from you;
-(e) our Platform may be available in several versions, which can vary regarding certain
features, including but not limited to the level of security applied and products and services available. We’re not liable to you for any loss, expense, Cost or liability that you suffer or incur because you’ve used a different version of the Platform than our current standard version (with all available updates installed);
-(f) you’re responsible for all Orders and for the accuracy of all information sent via the Platform using your name, password or any other means of personal identification implemented to identify you;
-(g) you must keep all passwords secret and ensure that no one else accesses your Account;
-(h) you’re liable to us for Contracts executed via your password even if you haven’t allowed your password to be used or your Account is wrongfully accessed;
-(i) any Confirmation that we send or make available to you on the Platform is our confirmation of a Contract, regardless of whether the Platform confirms that the Contract is executed immediately when you send your instructions.

ARBITRAGE & High Frequency Trading (HFT)

Internet, connectivity delays, and price feed errors sometimes create a situation where the price displayed on Dominion Options online facility do not accurately reflect the market rates.

Dominion Options does not permit the practice of latency arbitrage and HFT (high frequency trading) with hedging on Dominion Options trading platform.

Transactions based on latency arbitrage and HFT (high frequency trading) with hedging may be revoked without any prior notice, this includes EAs of any sorts.

Dominion Options reserves the right to make any necessary adjustments or corrections on accounts involved without any prior notice. You agree that any dispute arising from such execution or quoting errors will be resolved by Dominion Options in their sole and absolute discretion.

Dominion Options shall have no obligation to contact you about occurrences of trades suspected to involve latency arbitrage and HFT (high frequency trading) with hedging and any subsequent corrections. You agree to indemnify and hold Dominion Options, it’s directors, employees, and agents harmless from and against any and all liabilities, losses, damages, costs, and expenses.

Islamic (Swap-Free) Accounts

Islamic (Swap-Free) Accounts are offered to Clients who wish to trade in accordance with Sharia principles. These accounts are structured to avoid the payment or receipt of interest (Riba) on positions held overnight.

To facilitate swap-free trading and cover the operational, liquidity, and administrative costs associated with maintaining open positions, Dominion Options (the Company) may apply non-interest-based administration fees, as set out below.

1. Grace Period

At the Company’s discretion, positions held on an Islamic Account may benefit from a grace period during which no administration fees are applied. The length and applicability of any grace period are determined solely by the Company and may vary by instrument, market conditions, or account activity.

2. Administration Fees

For positions held beyond any applicable grace period, the Company may apply an administration fee to open positions on an Islamic Account.

  • Administration fees are non-interest-based, do not represent or constitute Riba, and do not compound.
  • Fees may be applied daily, periodically, or at such intervals as determined by the Company, based on server time or other internal processes.
  • The amount, timing, calculation method, and applicability of administration fees are determined solely at the Company’s discretion and may vary by instrument, asset class, position size, holding duration, or prevailing market conditions.
  • Administration fees, where applicable, will be deducted directly from the Client’s trading account balance.

The Company is not obliged to publish or disclose specific administration fee rates in advance.

3. Client Responsibility

Clients are solely responsible for monitoring open positions and account balances. Positions may be closed at any time to avoid or limit the application of administration fees.

The absence of a displayed fee schedule does not preclude the Company from applying administration fees in accordance with these Terms.

4. Review, Adjustment, and Discretion

The Company reserves the right, at its sole discretion and without obligation, to apply, adjust, waive, reduce, increase, or remove administration fees at any time. Such decisions may consider factors including, but not limited to:

  • Market conditions or volatility
  • Liquidity and hedging costs
  • Position size, duration, or concentration
  • Overall account risk
  • Suspected misuse or abuse of swap-free status

5. Revocation of Swap-Free Status

The Company may revoke the swap-free status of an account at any time if it determines that the account is not being used in accordance with Sharia principles or these Terms, or if it reasonably believes the swap-free feature is being misused.

Upon revocation:

  • The Client will be notified where practicable; and
  • Standard swap charges may apply to open and future positions.

6. Amendments

The Company reserves the right to amend or modify the operation of Islamic Accounts, including the application of administration fees, at any time in accordance with the general amendment provisions of these Terms and Conditions.

7. Acknowledgment

By opening and using an Islamic (Swap-Free) Account, the Client acknowledges and agrees that:

  • Administration fees may be applied at the Company’s discretion.
  • Such fees are non-interest-based and are not intended to represent Riba; and
  • The Company is under no obligation to publish or pre-disclose the amount or timing of such fees.