Table of Contents
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Introduction and Program Overview
1.1 Pure M Global LTD (hereinafter "Company") offers an Introducing Broker (IB) program that permits qualified partners to refer clients and earn commissions on trading activity. This Introducing Broker Agreement ("Agreement") sets forth the terms under which IB partners operate.
1.2 An Introducing Broker is a person or entity that refers trading clients to the Company in exchange for commissions and benefits. The IB does not hold client funds or provide regulated services.
1.3 The IB acts as an independent contractor, not an employee, agent, or partner of the Company. The IB is responsible for its own operations, compliance, and marketing.
1.4 The Company is regulated by the Financial Services Commission of Vanuatu, License No. 14801. The IB program operates under the supervision and approval of the Company's management.
1.5 By accepting this Agreement, the IB agrees to operate in compliance with all applicable laws, regulations, and the Company's policies. Violations may result in termination and forfeiture of commissions.
1.6 This Agreement is non-negotiable. The Company offers it on a take-it-or-leave-it basis. The IB may not modify terms without written consent from the Company's authorized representative.
1.7 Effective Date: This Agreement becomes effective upon the IB's acceptance and remains in effect until terminated by either party with written notice.
1.8 The Company may update this Agreement at any time. Material changes require 30 days notice. Continued participation constitutes acceptance of updated terms.
IB Responsibilities and Obligations
2.1 Referral Activity: (a) The IB shall use reasonable efforts to refer qualified trading clients to the Company; (b) Referrals must be directed to the Company's designated signup link provided by IB manager; (c) Only referrals via approved channels are credited; (d) The IB shall not misrepresent the Company or its services.
2.2 Client Acquisition: (a) The IB is responsible for all marketing and client acquisition costs; (b) Marketing materials must be approved by the Company before use; (c) Misleading marketing is prohibited; (d) All marketing must comply with applicable advertising laws.
2.3 Client Relationship: (a) The IB shall not hold client funds; (b) The IB shall not execute trades on behalf of clients; (c) The IB shall not accept client deposits; (d) The IB shall not provide investment advice; (e) All client services handled exclusively by the Company.
2.4 Compliance Obligations: (a) The IB must comply with all applicable laws and regulations; (b) The IB must comply with the Company's AML and KYC policies; (c) The IB shall not refer clients from sanctioned jurisdictions; (d) The IB shall not knowingly refer clients engaged in fraud or illegal activity.
2.5 Regulatory Status: (a) The IB is not licensed to conduct regulated activities; (b) The IB may not hold client funds or securities; (c) The IB may not execute trades; (d) The IB may not provide investment advice except to existing clients if qualified.
2.6 Marketing and Disclosure: (a) The IB must disclose its status as an introducer; (b) The IB must display required regulatory disclosures; (c) The IB must provide Client Agreement and Risk Disclosure to referred clients; (d) The IB must not make guarantees about trading profits.
2.7 Client Support: (a) The IB may provide client support services as authorized by the Company; (b) Client support must be professional and accurate; (c) The IB shall escalate technical issues to the Company; (d) The Company maintains ultimate responsibility for client service.
2.8 Record Keeping: (a) The IB shall maintain records of all client referrals; (b) Records must be provided to the Company upon request; (c) Records must be kept for minimum 5 years; (d) The Company audits IB records periodically.
Commission Structure and Payment Terms
3.1 Commission Rates: (a) Standard Commission: $6.50 per standard lot on forex; (b) Minimum Commission Threshold: $5 per day; (c) Commission rates vary by instrument type; (d) Revenue share available for CFDs: up to 20% of profits; (e) Rebates available up to 50% of commission.
3.2 Commission Calculation: (a) Commissions calculated daily based on trades by referred clients; (b) Commissions calculated on trading volume generated by IB's clients; (c) Commissions include both spreads and explicit fees; (d) Negative swaps may reduce net commissions; (e) Calculations verified and provided transparently.
3.3 Payment Frequency: (a) Commissions paid daily for accounts meeting minimum thresholds; (b) Minimum payout: $5 USD per payment; (c) Payments processed within 24-48 hours of accrual; (d) Payments via wire transfer, e-wallet, or cryptocurrency as requested.
3.4 Payment Methods: (a) Wire transfer to bank account; (b) Cryptocurrency (Bitcoin, Ethereum, USDT); (c) E-wallet services (Skrill, Neteller, PayPal); (d) Other methods approved by the Company.
3.5 Commission Adjustments: (a) Chargebacks or refunds reduce commissions; (b) Commissions forfeited if client closes account within 60 days; (c) Fraudulent referrals result in commission clawback; (d) Client complaints may result in commission adjustments.
3.6 No Minimum Earning Guarantee: (a) The Company makes no guarantees regarding commission amounts; (b) Earnings depend entirely on referred client trading volume; (c) No referral bonus or signup fee paid by the Company; (d) The IB assumes all business risk.
3.7 Tax Responsibility: (a) The IB is responsible for all tax obligations on commissions; (b) The Company provides commission records for tax reporting; (c) The IB must withhold own taxes as required by jurisdiction; (d) The Company is not responsible for tax compliance.
3.8 Commission Disputes: (a) Disputes must be raised within 30 days of payment; (b) The Company investigates commission disputes within 15 days; (c) The Company's audit records are the final authority; (d) No appeals available after 30 days.
Client Quality and Compliance
4.1 Client Eligibility: (a) Referred clients must be of legal age (18+); (b) Clients must not be from sanctioned jurisdictions; (c) Clients must pass KYC verification before trading; (d) Clients must provide accurate identification; (e) Fraudulent referrals result in penalties.
4.2 Qualified Leads: (a) IB shall make reasonable effort to refer qualified trading clients; (b) Quality leads have genuine intent to trade; (c) IB shall not refer fake or test accounts; (d) Bulk referrals of low-quality leads may result in restrictions; (e) The Company reserves right to audit client quality.
4.3 Prohibited Referral Practices: (a) No referrals from sanctioned countries or individuals; (b) No referrals of clients engaged in fraud or illegal activity; (c) No false representations about the Company; (d) No misleading marketing promises; (e) No payment of bribes or kickbacks to clients.
4.4 AML and Sanctions Screening: (a) The IB must comply with AML policies; (b) The IB must verify clients are not on sanctions lists; (c) The IB must verify source of client funds; (d) The IB must report suspicious activity; (e) Violation results in account suspension.
4.5 Client Retention: (a) Referred clients must remain in good standing; (b) Client compliance violations affect IB status; (c) The IB is responsible for client conduct representations; (d) Multiple client violations may result in IB account restrictions.
4.6 Data Protection and Privacy: (a) The IB shall protect client personal data; (b) The IB must comply with privacy laws; (c) The IB shall not share client data with third parties; (d) Client data may be shared with the Company for servicing.
4.7 Client Disputes and Complaints: (a) The Company handles all client complaints; (b) The IB shall escalate complaints to the Company promptly; (c) IB shall cooperate with Company investigations; (d) Unresolved complaints may affect commission payments.
4.8 Client Termination: (a) The Company may terminate client accounts for violations; (b) The IB is notified of account terminations; (c) The IB may not retain client lists after termination; (d) The IB may not continue marketing to terminated clients.
Marketing Standards and Materials
5.1 Approved Marketing Materials: (a) All marketing materials must be approved by the Company before use; (b) The Company provides approved templates and logos; (c) The IB must use materials as provided without modification; (d) Unauthorized modifications are prohibited.
5.2 Marketing Restrictions: (a) No false or misleading claims about trading profits; (b) No guarantees about account growth or returns; (c) No claims about risk-free trading; (d) No representations about government guarantees; (e) All risk disclosures must be prominent.
5.3 Marketing Compliance: (a) Marketing must comply with applicable advertising laws; (b) Marketing must include risk warnings; (c) Marketing must disclose the IB relationship; (d) Marketing must provide links to regulatory documents; (e) All claims must be truthful and substantiated.
5.4 Website and Social Media: (a) The IB's website must include affiliate disclosure; (b) Social media posts must include risk warnings; (c) Landing pages must direct to Company's signup page; (d) The IB may not impersonate the Company.
5.5 Prohibited Marketing Practices: (a) No spam or unsolicited marketing; (b) No paid advertising on search engines without approval; (c) No purchased email lists; (d) No affiliate networks without Company approval; (e) No misleading traffic generation.
5.6 Brand Compliance: (a) The IB may use Company logos only as authorized; (b) The IB may not use Company name as primary brand; (c) The IB must maintain affiliate disclosure; (d) All content must be professional and accurate.
5.7 Market Conduct: (a) The IB shall not engage in high-pressure sales tactics; (b) The IB shall provide accurate information; (c) The IB shall not misrepresent the Company; (d) The IB shall be honest about compensation.
5.8 Content Audits: (a) The Company audits marketing materials periodically; (b) Non-compliant materials must be removed within 5 days; (c) Repeated violations result in penalties; (d) Severe violations result in account suspension.
Fraud Prevention and Prohibited Conduct
6.1 Fraud Prevention: (a) The IB shall not engage in fraud or deception; (b) The IB shall not refer fraudulent clients; (c) The IB shall not misrepresent company terms; (d) Fraud results in immediate account termination and legal action.
6.2 Prohibited Conduct: (a) No payment of rebates to clients beyond Company-approved amounts; (b) No cash payments to clients as bonuses; (c) No volume bonuses not approved by the Company; (d) No promises of profits or guaranteed returns; (e) No market manipulation schemes.
6.3 Chargeback Prevention: (a) The IB shall ensure referred clients understand deposit terms; (b) The IB shall encourage legitimate trading; (c) High chargeback rates result in IB restrictions; (d) The IB may be liable for chargeback costs.
6.4 Account Farming: (a) Creating accounts solely to generate commissions is prohibited; (b) Accounts must be for legitimate trading; (c) Inactive accounts do not generate commissions; (d) Suspicious account creation patterns result in suspension.
6.5 Self-Referral: (a) The IB may refer own accounts if for legitimate trading; (b) Self-referral requires disclosure to the Company; (c) Self-referral accounts are monitored closely; (d) Suspicious self-referral patterns may result in restrictions.
6.6 Trading Pattern Monitoring: (a) The Company monitors referred clients' trading patterns; (b) Suspicious patterns are investigated; (c) Market manipulation results in account closure; (d) The IB may be held responsible for client violations.
6.7 Compliance Violations: (a) Violations result in warning, commission reduction, or termination; (b) Multiple violations result in permanent termination; (c) Severe violations result in legal action; (d) Fraud results in criminal referral.
6.8 Verification and Audits: (a) The Company conducts periodic compliance audits; (b) The IB must provide requested information; (c) Failure to cooperate results in account suspension; (d) Audit findings are binding.
Intellectual Property and Confidentiality
7.1 Company Intellectual Property: (a) All Company logos, trademarks, and branding are owned by the Company; (b) The IB may use only as authorized; (c) The IB shall not register Company marks; (d) Use terminates upon account closure.
7.2 IB Intellectual Property: (a) The IB retains ownership of own created content; (b) The Company is granted license to use IB-created content; (c) The Company may modify content for compliance; (d) IB content may be used for regulatory purposes.
7.3 Confidentiality: (a) The IB shall keep Company information confidential; (b) The IB shall not disclose client lists; (c) The IB shall not disclose commission rates; (d) Confidentiality survives termination indefinitely.
7.4 Client Information: (a) Client information is owned by the Company; (b) The IB may not retain client information after termination; (c) The IB shall delete client lists upon request; (d) Unauthorized use of client data results in penalties.
7.5 Non-Competition: (a) The IB may not refer clients to competing brokers during agreement term; (b) Non-competition survives termination for 12 months in some cases; (c) "Competing broker" defined as any forex/CFD broker; (d) Violations result in legal action and damages.
7.6 Non-Solicitation: (a) The IB shall not solicit Company employees after termination; (b) Non-solicitation applies for 12 months; (c) Violations subject to penalties; (d) The Company may enforce through injunctive relief.
7.7 Copyright and Attribution: (a) All Company content is copyrighted; (b) The IB may not reproduce content without permission; (c) The IB must provide attribution when using Company materials; (d) Unlicensed use may result in takedown notices.
7.8 Regulatory Disclosures: (a) Certain information may be required by regulators; (b) The IB authorizes disclosure to authorities; (c) Regulatory disclosures do not breach confidentiality; (d) The IB cannot restrict regulatory reporting.
Termination and Dispute Resolution
8.1 Termination for Convenience: (a) Either party may terminate with 30 days written notice; (b) No cause required for termination for convenience; (c) Upon termination, no new referrals credited; (d) Outstanding commissions paid within 60 days.
8.2 Immediate Termination: The Company may terminate immediately without notice for: (a) fraud or material misrepresentation; (b) violation of compliance obligations; (c) insolvency or bankruptcy; (d) criminal activity; (e) severe regulatory violations.
8.3 Effects of Termination: (a) Upon termination, all rights to refer clients cease; (b) The IB shall remove all Company materials; (c) The IB shall cease using Company marks; (d) Confidentiality obligations survive termination.
8.4 Commission Upon Termination: (a) Commissions earned before termination are paid; (b) Commissions cease accruing after termination; (c) Clients acquired before termination may generate "tail" commissions for limited period; (e) Tail commission period typically 6-12 months.
8.5 Client Transition: (a) Upon termination, clients revert to the Company; (b) The IB shall cooperate with transition; (c) The IB shall not attempt to reclaim clients; (d) The IB shall provide client information to the Company.
8.6 Dispute Resolution: (a) Disputes first addressed through negotiation; (b) Unresolved disputes submitted to mediation; (c) Mediation conducted in Port Vila, Vanuatu; (d) Costs shared equally unless otherwise determined.
8.7 Arbitration: (a) If mediation fails, disputes proceed to arbitration; (b) Arbitration under Vanuatu Arbitration Act; (c) Single arbitrator for disputes under $50,000 USD; (d) Three arbitrators for disputes exceeding $50,000 USD.
8.8 Governing Law: (a) This Agreement governed by laws of Vanuatu; (b) Disputes resolved in Vanuatu; (c) The IB waives objection to Vanuatu jurisdiction; (d) Prevailing party may recover attorney's fees.