The present Agreement was entered into by and between:
Deltastock AD, an authorised investment firm, having its registered address in Sofia, 6 Korab Planina St, Unified Company Code 128042807, represented by Ms Borislava Ivanova Ignatova, in her capacity of Executive Director, and Mr Petar Dimitrov Petrov, in his capacity of Executive Director, and, hereinafter referred to as Deltastock
And
Full name:
Date of Birth:
Place of Birth: ,
Nationality:
Passport/ID#:
Issue Date:
Address:
ZIP code:
City:
Country:
Hereinafter referred to as the Client
Deltastock and the Client hereinafter referred to as the Parties,
The PARTIES hereby agree as follows:
1. The Client and Deltastock agree:
a) against the remuneration specified in the Tariff of Interest Rates, Fees and Commissions of Deltastock (the Tariff) and at prices quoted by Deltastock, to enter into Trades in Contracts for Differences (CFDs) on an Over-the-Counter, or OTC, market by paying a Margin amount, subject to the provisions of the General Terms of Business Applicable to the Agreements for Trading in CFDs of Deltastock (the General Terms);
b) until this agreement is in force, the Client has the right to use the expert services of „trading-house Broker“ GmbH, Germany (Reg. Number HRB 141352, BaFin ID 134461), in their capacity as an” Introducing broker”, which services they also used when concluding this Agreement, under the following conditions:
b.1) The Introducing broker has the right to:
b.1.1) to explain to the Client the services, offered by Deltastock under this Agreement, as well as the specifics of trading in CFDs and the specifics of using the electronic trading platforms for trading in financial instruments;
b.1.2) to support the communication between the Client and Deltastock in connection to this Agreement, as well as in connection to the services, offered by the investment intermediary, including to mediate the communication between the parties to this Agreement, including but not limited to translations from German to English and vice versa, if this is required by the Client;
b.1.3) to assist the Client in completing and submitting various documents which Deltastock requires, including declarations and questionnaires;
b.1.4) to provide expert help and assistance to the Client of a various nature, in relation to this Agreement and the services included in its subject, excluding the cases under art.1 letter b2 of this Agreement.
b.2) The Introducing broker may not:
b.2.1) provide investment advice to the Client;
b.2.2) manage the Client’s portfolio;
b.2.3) provide advice and/or consultations to the Client when the Client is making investment decisions in relation to the execution of this Agreement, as the Client’s Orders are placed at their sole discretion and initiative;
b.2.4) accept and transmit Orders from the Client to Deltastock in any way and for any reason;
b.2.5) assist the Client and/or to mediate in the process of submitting Orders to Deltastock over the phone or any other means;
b.2.6) trade on behalf of and at the expense of the Client trough their trading account in the Electronic trading platform;
b.2.7) submit complaints to Deltastock or the relevant authorities in the name of the Client and/or represent the Client in relation to an already submitted complaint;
b.2.8) use for their own benefit or the benefit of other persons and/or to misuse and/or disclose personal data, facts and circumstances related to the Client or Deltastock, which became known to them in relation to the execution of this Agreement, including facts and circumstances concerning the balance of and operations with the financial instruments and monetary accounts of the Client, as well as all other facts and circumstances constituting a trade secret, which they have learned while fulfilling their obligations under the Agreement.
b.3) The Client and the Introducing broker can have other dealings, including contractual ones, which do not fall within the scope of this Agreement and are not included in it, such as the organising trainings and others, if those relations do not contradict the prohibitions and restrictions under art.1 letter b2. of this Agreement.
b.4) The client has the right to use the services under art.1 letter b.1. of the Agreement provided by the Introducing Broker, without owing additional payment either to the Introducing broker or to Deltastock. Deltastock shall pay for the services and activities provided by the Introducing broker under this Agreement on its own behalf and at its own expense. Deltastock shall not pay the Introducing Broker for services and activities under art.1 letter b3 of the Agreement, which do not fall withing the scope of the Agreement, in which cases the financial relations between the Client and the Introducing broker are settled separately between them. The relationship between Deltastock AD and the Introducing broker are settled with a separate agreement.
b.5) by signing this Agreement the Client voluntarily provides the Introducing broker with access to their personal data, as well as access to facts and circumstances constituting a trade secrets within the meaning of art.90 of MAMLA, including facts and circumstances concerning the balance of and operations with the trading account of the Client, insofar as this is necessary for the provision of the services agreed upon in art.1 letter b and for the execution of the Agreement as a whole.
2. Words and phrases beginning with a capital letter and used in this Agreement have the respective meaning given to them in the General Terms, irrespective of whether used in the singular or the plural form.
3. Deltastock offers to its Clients the following types of CFDs:
a) CFDs on Securities and Exchange Traded Funds;
b) CFDs on Indices;
c) CFDs on Futures;
d) CFDs on Currency Pairs
e) CFDs on Precious Metals;
f) CFDs on other Assets.
4. By signing the Agreement, the Client and Deltastock accept the following as an explicit condition for all CFD Trades:
a) neither party acquires in stock the CFD’s underlying asset;
b) neither party is obliged to purchase or sell, deliver or receive in stock the respective CFD’s underlying asset;
c) the rights and obligations of each of the parties to the CFD are solely to make or receive payments according to the order submitted, with the results of the order execution being reflected, respectively, in their positions in financial instruments and/or cash funds in the Client’s analytical accounts purposely opened with Deltastock;
d) CFDs are not transferrable securities and are not held in a depository institution but in analytical accounts with the investment intermediary;
e) CFD Trades are not subject to centralised clearing.
5. Under this agreement, Deltastock provides Clients with the opportunity to enter into Trades in CFDs on an OTC market through the following trading accounts:
a) trading account on Margin through the electronic trading platform Delta Tradingтм;
b) trading account on Margin through the electronic trading platform Deltastock MetaTrader 5;
6. Under this Agreement and its applicable General Terms, Deltastock does not offer to its Clients trading in financial instruments other than CFDs on a market other than the OTC market.
7. With regard to trading in the above-mentioned CFDs, which is carried out on an OTC market, Deltastock is the single venue of execution of the Orders and acts as a principal to each Trade (and not as an agent or broker).
8. Deltastock does not execute Client Orders outside the execution venue specified above.
9. The Client agrees that Deltastock shall not execute their Orders in the cases where the Client has given a specific instruction for the Trade to be concluded on an execution venue other than Deltastock.
10. Client Orders are executed through the Electronic Platforms for trading in financial instruments offered by Deltastock, at prices quoted by Deltastock, with Deltastock acting as counterparty to each Client Trade. All Client Orders for trading in CFDs are executed against Deltastock's own liquidity. Deltastock does not transfer (rotate, direct, send) Client Orders to another execution venue.
11. Deltastock does not execute Client Orders grouped together (aggregated) with an Order by another Client or a Trade on own account, in the case of Orders for trading in CFDs of an OTC market, as in this case Deltastock is the only venue of execution of the Orders and acts is a counterparty to each Trade.
12. Deltastock notifies the Client in advance that by signing the Agreement, the parties agree that Client Orders will be executed outside of the trading venue (regulated market, multilateral trading system, and organised trading system).
13. Deltastock warns that any specific instructions by the Client may prevent the investment intermediary from taking the measures envisaged and applied under the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock, in order to achieve the best possible results in the execution of these Orders, with respect of the items covered by these instructions.
14. The interests, fees, commissions and other payments due under this Agreement are set out in the Tariff and/or are specified on the investment intermediary’s Website.
15. The Client may deposit and withdraw funds from their account only via payment methods specified on the Website.
16. By signing the Agreement, the Client declares that all incoming and outgoing payments to and from the trading account which was opened in their name with Deltastock will be made from sources whose legal holder is the Client.
17. Deltastock will not accept and execute payments from third parties, namely:
a) deposits to the Client’s trading account, if the person or legal entity sending the funds does not coincide with the holder of the Agreement with Deltastock;
b) withdrawals from the Client’s trading account, if the person or legal entity receiving the funds does not coincide with the holder of the Agreement with Deltastock.
18. The minimum amount required for opening a live trading account is set out in the Tariff. The account is operated in the currency specified in the Appendix to the Agreement (the Appendix).
19. Under a single Agreement, the Client can open only one trading account, in only one currency, in only one Electronic Trading Platform, through which they will use the Services provided by Deltastock.
20. The Client can choose the Electronic Trading Platform they wish to use for trading by declaring their choice in the Appendix.
21. If the Client wishes to open more than one trading account in the same currency, or in different currencies, or to use more than one Electronic Trading Platform, they must enter into separate agreements with Deltastock for each account.
22. By signing the Agreement, the Client declares that they are informed and agree that:
a) it is possible that the instruments offered in the Electronic Trading Platform Delta Trading™ may differ from those offered in the Electronic Trading Platform Deltastock MetaTrader 5;
b) it is possible that the trading conditions of the same instrument offered in the two trading platforms are different.
c) it is possible that the trading hours for concluding deals in the same instrument offered in both Electronic Trading Platforms are different;
d) Deltastock has the right to change the minimum order size for CFDs on securities and exchange traded funds, traded on the Electronic Trading Platform MetaTrader 5, as a whole and separately, for the different CFDs on securities and exchange traded funds, by notifying the Client in advance via email or through the Electronic Trading Platform, if they have open positions on the respective instrument, and sets the deadline when the change enters into force.
e) Up-to-date information on the instruments offered for trading in the Electronic Trading Platforms, their trading conditions and trading hours, are available on the Website.
23. When placing Orders, the Client may use Scripts only in Deltastock MetaTrader 5.
24. Deltastock shall execute Orders placed by the Client via a Script as they are received. Deltastock shall not bear any responsibility for the manner in which the Order was placed by the Client via a Script/Expert Advisors.
25. Any Trade is executed only after the Client or their Representative has placed an Order, which is on the Client’s account and at their own risk. Deltastock shall not bear any responsibility for the results of the Client’s investment decisions when a Trade has been executed in accordance with the terms of this Agreement.
26. The Client shall place Orders only in the manner specified in the General Terms.
27. The Minimum Order Quantities/Sizes for entering into Trades are specified on Deltastock’s Website.
28. Deltastock has the right to execute partially or cancel an Order placed by the Client if at the time of execution there has been insufficient liquidity on the respective market on which the underlying asset is traded.
By signing the agreement, the Client explicitly and unconditionally agrees that they have no right to contest the price levels of the Deals at the partial execution of the Order by Deltastock.
29. Deltastock is under no obligation to quote prices for a certain financial instrument or accept Orders for entering into Trades, in the following cases:
a) the respective market where the underlying asset is traded is closed for trading;
b) trading in Currency Pairs, Precious Metals, Futures, Indices, Securities, Exchange Traded Funds and other assets, and/or CFDs has been suspended for any reason, whatsoever;
c) there are Force Majeure events which prevent trading in Currency Pairs, Precious Metals, Futures, Indices, Securities, Exchange Traded Funds and other assets, and/or CFDs for a certain period of time;
d) Orders are placed outside the Trading Hours of Deltastock;
e) in case of other circumstances specified in the General Terms or circumstances which make the provision of quotes by Deltastock impossible or economically impracticable.
30. The Client is entitled to receive quotes and submit Orders only during the Trading Hours, as specified in the General Terms and on the Website.
31. The types of Orders which the Client may submit as well as the manner of their execution are defined in the General Terms.
32. Deltastock reserves the right, at its own discretion, to set limits in relation to:
a) the submission and/or the execution of Client Orders (including limits on their volume), and/or
b) the opening of new Positions (including limits on the Positions Value) within the Business Day.
33. The Limits under Art. 32 may be placed, altered, added or removed without prior notification to the Client.
34. Deltastock reserves the right:
a) if the Client has submitted an Order which exceeds the predefined limits, to contact the Client through the Electronic Trading Platform or by other appropriate means and require further confirmation by the Client of the parameters of the Order. Deltastock reserves the right not to confirm an Order and/or not to proceed with its execution until it has received a confirmation from the Client.
b) if the Client has exceeded the predefined limits:
b.1) to temporarily restrict the possibility of the Client to submit new Orders and/or to open new Positions, and/or
b.2) to cancel executed Trades and/or partially or fully close existing Positions.
35. The Client shall be informed of the occurrence of the circumstances under Art. 34 through the Electronic Trading Platform and/or their specified email address.
36. The Parties hereby agree and accept that the exceeded limits as well as the reasons for surpassing those limits will not be subject to proof in the case of a dispute on the interpretation and/or application of the Agreement, and any such dispute will be settled between the parties by mutual agreement or by the competent court. Any such circumstances relates to the market’s high dynamics, the relationship of Deltastock with third-party counterparties, the current status of the trade lines, the occurrence of events which cannot be reasonably foreseen, and any other reasons whatsoever not stipulated in this article.
The rights under this provision do not waive Deltastock’s rights under Art. 5.26 of the General Terms.
37. In case Deltastock establishes that the Client hinders the normal operation of Deltastock’s servers by means of generating a large number of Orders and/or other messages, or attempts to cause other harms, Deltastock reserves the right to:
a) temporarily restrict the Client’s ability to submit new Orders and/or open new Positions, and/or
b) restrict the Client’s usage of Scripts. The rights under this provision do not waive Deltastock’s rights under Art. 5.26, Art. 11.4 and Art. 11.4a of the General Terms.
38. The Client declares that they are familiar with and accept the following circumstances related to the implementation of this Agreement:
a) the execution and/or failure of execution of all types of Orders depends on the current liquidity of the market where the respective CFD’s underlying assets are traded. Liquidity is determined by the current volume of offers to buy (respectively sell) which create the possibility of a Trade to be made; the former is a market state which varies greatly in time. Sometimes Trades are carried out with assets traded entirely on an OTC market, and their current liquidity depends entirely on banks, brokers and/or market makers which are counterparties of Deltastock; in such cases these counterparties do not provide information, nor keep any record of the current volumes which they would conclude a Trade on;
b) information (including historical data) about the current liquidity cannot be saved and/or found and is not stored anywhere, and for this reason the parties agree and accept that this information will not be subject to proof in the course of disputes for interpretation and/or application of this Agreement, which are settled between the parties by mutual agreement or by the competent court.
39. The trading Margin for the different types of assets is determined in accordance with the limits and volumes specified on Deltastock’s Website.
40. The Margin requirement may be different depending on whether the Client is categorised as a Professional Client, Retail Client, or Eligible Counterparty.
41. The Client is required to comply with the prohibitions and/or limitations related to the Margin amount imposed by their national legislation, if any.
42. By signing the Agreement, the Client confirms that they understand the General Terms and agrees to be legally bound by them.
43. By signing this Agreement, the Client explicitly declares that:
a) they have read and accept:
a.1) the General Terms of Business Applicable to the Agreements for Trading in CFDs of Deltastock, dated 16 May, 2018 and effective from 30 July, 2018; they have been amended at a meeting of Deltastock’s Management Board on 17 July, 2020, 4 January, 2021, 22 June, 2021, 22 November, 2021, 6 March, 2023, 25 May, 2023, 29 April, 2024, 06 October 2025 and 30 April 2026, where the latest amendments are effective from 04 May, 2026.
a.2) the Tariff of Interest Rates, Fees and Commissions of Deltastock, adopted by Protocol of at a meeting of Deltastock’s Management Board on 27 July, 2018 and effective from 30 July, 2018; it has been amended at meetings of Deltastock’s Management Board on 27 September, 2019, 28 January, 2020, 17 July, 2020, 17 November, 2020, 20 April, 2021, 27 May, 2021, 22 June, 2021, 30 August, 2021, 22 November, 2021, 6 March, 2023, 27 September, 2023, 29 April, 2024, 15 January, 2025, and 20 May, 2025, where the latest amendments are effective from 21 May, 2025.
a.3) the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from 22 June, 2018, amended on 03 February, 2020, 22 November, 2021 and 25 May 2026, where the latest amendments are effective from 26 May, 2023.
a.4) the Conflicts of Interest Policy of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May 2018 and effective from the same date, amended on 03 February, 2020, 19 November, 2021 and 28 February, 2023 and effective from 28 February, 2023.
a.5) the Client Categorisation Rules of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date, amended on 03 February, 2020, 17 July, 2020 and 28 February, 2023 where the last amended is effective from 28 February, 2023.
a.6) the Client Complaints Management Rules of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date, amended on 27 January, 2022, 28 February, 2023 and 6 October 2025, where the latest amendments are effective from 7 October, 2025;
a.7) the Information regarding the investment intermediary Deltastock and its services as intended for clients and potential clients, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018, amended on 26 November, 2019, 03 February, 2020, 17 July, 2020 and 04 January, 2021, 22 June, 2021, 22 November, 2021, 27 January, 2022, 28 February, 2023, 28 June, 2023, 27 September, 2023, 29 April, 2024, 18 September, 2024, 18 February, 2025 and 30 April, 2026, where the latest amendments are effective from 04 May, 2026.
a.8) the Information regarding the financial instruments subject to the investment services carried out by Deltastock and the risks involved, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date; it has been amended at a meeting of Deltastock’s Management Board on 17 July, 2020, 17 November, 2020, 22 June, 2021, 22 November, 2021, 27 January, 2022, 28 February, 2023, 27 September, 2023, and 18 February, 2025, where the latest amendments are effective from 19 February, 2025.
a.9) the Information regarding the costs and charges incurred by clients of Deltastock trading in CFDs on the OTC market, adopted at a meeting of Deltastock’s Management Board on 25 September, 2018, effective from 28 November, 2018 and amended and at meetings of Deltastock’s Management Board on 02 February, 2020, 03 April, 2020, 17 July, 2020, 22 June, 2021, 22 November, 2021, 27 January, 2022, 28 February, 2023 and 28 June, 2023, 29 April, 2024, 18 February, 2025, and 20 May 2025, where the latest amendments are effective from 21 May, 2025.
a.10) the Information regarding safeguarding of the financial instruments and funds of Deltastock’s clients trading contracts for difference on an OTC market, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date, amended on 03 February, 2020 and 28 February, 2023 and effective from 28 February, 2023;
b) they give their explicit consent to be duly acquainted with all updated versions of the documents under item (a) above through Deltastock’s Website, where their up-to-date versions are available;
c) they are aware of their right to refer to Deltastock AD reasonable and proportionate requests for information on the policies and rules under item (a) above;
d) they explicitly agree that the Agreement, General Terms, and all documents applicable to them, as well as their subsequent issues, shall be provided to the Client in Bulgarian language and in English language only, and that they shall use the documents under item (a) above in one of the two languages (English and/or Bulgarian) and shall not request translations in other languages;
e) they understand and agree that Deltastock does not provide any investment advice to the Client under this Agreement and that the Client submits Orders at their own discretion and initiative. When Deltastock provides the Client with information on the current situation of the different markets, it has to be considered by the Client only as information relating to the respective assets. The provision of any such service is for convenience and information purposes only; therefore it could not be deemed as a recommendation for entering into or not entering into a Trade;
f) they are aware that all Trades in CFDs are related to assets traded on different trading venues and/or execution venues, and as such, the execution of those Trades will be affected by the rules of the underlying asset’s respective market. Deltastock shall not be held liable for any potential losses or damages incurred by the Client as a result of administrative or other change in the Market Rules of the respective exchange, clearing house, market maker and/or bank, where the respective underlying assets are traded, and which change could have an impact on the asset (CFD) quoted by Deltastock;
g) they are aware of the risks involved in investments in CFDs based on Securities, Exchange Traded Funds, Indices, Futures, Currency Pairs, Precious Metals, and other Assets;
h) they give their explicit consent in principle that all their Orders will be executed outside of a trading venue;
i) they give their explicit consent in principle to the processing of their the personal data, including the data additionally collected by Deltastock in the process of concluding and implementing the Agreement;
j) they give their explicit consent in principle that Deltastock may conduct a verification of the personal data provided by the Client, through independent sources, in compliance with all of the requirements of the Applicable Law;
k) they give their explicit consent that Deltastock:
k.1) may disclose their personal data to banks and other credit and financial institutions, which are authorised by the competent authority of their domicile, including to such entities which are established outside the European Union and the European Economic Area, provided that such disclosure is necessary for the purposes of implementing the Agreement and is in compliance with the Applicable Law;
k.2) may disclose their personal data to its tied agents, as well as to its service providers only when necessary: for the purpose of providing the agreed services for trading in financial instruments; and/or when assigning critical and important operative functions; and/or for the purpose of implementing the Agreement, where this disclosure and is in compliance with the Applicable Law;
k.3) may disclose their persona data to „trading-house Broker“ GmbH, Germany (Reg. Number HRB 141352, BaFin ID 134461), in their capacity as an Introducing broker, only when this is necessary for the needs and purposes of providing the services agreed upon under art.1 letter b and for the execution of the Agreement as a whole and in compliance with the Applicable law;
k.4) to disclose to „trading-house Broker“ GmbH, Germany (Reg. Number HRB 141352, BaFin ID 134461), in their capacity as Introducing broker, facts and circumstances which constitute a trade secret within the meaning of art.90 of MAMLA, including facts and circumstances, concerning the balance and operations to the trading account of the Client, when such disclosure is necessary for the purpose of providing the services under art.1 letter b and for the execution of this Agreement as a whole and in compliance with the Applicable law;
l) they give their explicit consent in principle that Deltastock may disclose their personal data for the purposes and objectives of the Automatic Exchange of Financial Information in the Field of Taxation, under the terms and to the entities referred to in TSSPC, for the purposes of reporting under MiFIR and EMIR, and for the purposes the tax legislation in Bulgaria, USA, and Sweden;
m) they give their explicit consent in principle that Deltastock will provide them with information through its Website – www.deltastock.com;
n) they explicitly prefer the durable medium used to be in the form of electronic messages and electronic documents and scanned documents sent to the email address provided by the Client;
o) they explicitly prefer the provision of information to be carried out through the Website or the Electronic Trading Platform;
p) they are notified by electronic means about the Website address and the exact section of the Website where the relevant information may be found;
q) they are aware of and agree that information about volumes, highest and lowest quotes, etc. in the Electronic Trading Platform, as well as the quotes visualised in the Charts module, are indicative only and may contain errors and inaccuracies, and that Deltastock does not guarantee that Orders will be executed, or not executed, at the prices specified in this information;
r) they are aware of and agree that the information Deltastock provides to Clients through the Website and/or Electronic Trading Platforms regarding the main characteristics and features of certain financial instruments or Services, as well as when the company provides statistical data or information regarding the current status of different financial instruments and/or markets, that this information or data is indicative only and that Deltastock does not guarantee that Orders will be executed, or not executed, at the prices specified in this information;
s) they are aware of and agree that the information in the Charts module in Deltastock MetaTrader 5 is displayed only taking into account the “Sell” price. Deltastock does not guarantee that Orders will be executed, or not executed, at the prices specified in this information;
t) they have familiarised themselves in a timely manner through the Website (www.deltastock.com) with the Key Information Documents (KIDs) of the financial instruments offered by Deltastock, which fall within the scope of the definition of “packaged retail and investment products” as defined in Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs);
u) they are informed that upon their request, Deltastock shall provide KIDs on paper or other durable medium;
v) they give their explicit consent that all subsequent KIDs and/or the changes to the already available KIDs shall be provided to them through the Website (www.deltastock.com);
w) they have received the information which Deltastock is obligated to provide in accordance with Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive, the Markets in Financial Instruments Act (MiFIA), and Ordinance No 38 of the FSC on the requirements to the activities of investment intermediaries, as far as it is required, as well as other information specified in the General Terms and/or available on the Website, and that they have received a notification sent by electronic means about the Website address and the page on which the respective information is displayed;
x) Shall not place Orders and conclude Deals which could represent abuse of insider information and or manipulation of the market within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC;
y) they wish to use the email address provided in the Appendix as an information distribution method;
z) the information provided by them, which is necessary for performing an assessment of appropriateness by Deltastock, in the process of completing the account opening request is accurate and up-to-date.
44. By signing the Agreement, the Client agrees that:
a) prior to entering into an Agreement between them and Deltastock, they cannot enter into Trades and use the Services provided by the investment intermediary;
b) Deltastock cannot execute Orders on the Client’s account if they have not agreed in advance to the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock, respectively to its subsequent amendments;
c) irrespective of Deltastock’s assessment of appropriateness of whether the requested service is suitable for them, the Client should carry out their own careful assessment of whether the services provided by Deltastock are suitable for them and whether they should benefit from them;
d) Deltastock may deposit their funds in the persons under Art. 93, Para. 3 of MiFIA, even in the cases where Deltastock is related thereto;
e) Deltastock may not dispose with Client funds on own account;
f) in compliance with the Applicable Law, all conversations and messages related to reception, transfer, and execution of Client Orders are recorded and archived by Deltastock for the purposes of ensuring the reliability and security of the provided information, and subsequently listened to in the event of discrepancies and disputes between the parties to the Agreement;
g) the recordings of the conversations and the electronic messages, made under and for the purposes of the General Terms, may be used as evidence;
h) they give their unconditional consent that their account with Deltastock will be directly credited and debited with all positive and negative price differences resulting from Orders submitted by the Client or by their Representative, and from Trades concluded, respectively executed, on the Client’s behalf and risk;
i) Deltastock is entitled to, at its own discretion, suspend from trading or add new financial instruments. In the cases when trading is suspended, Deltastock has the right to close all existing positions at the market closing positions for the respective day of suspension, by sending a written or electronic notice in advance.
j) in cases where Deltastock, at its own discretion, suspends a financial instrument from trading, the investment intermediary is entitled to close all existing Positions at the Market Closing Prices for the day of suspension of the respective financial instrument and/or cancel all confirmed Orders;
k) they give their unconditional consent to the price levels of the Trades for closing the Client’s positions by Deltastock, in the cases where the investment intermediary closes partially or fully the Client’s open positions at the Current Market Prices, when the deficiency in the current account balance (free funds) in the Client's account reaches the minimum Margin requirement levels indicated on the Website;
l) they give their unconditional consent that the Client is not entitled to contest the price levels of the Trades for closing the Client’s position by Deltastock, in the cases provided for in the General terms, in the cases where the investment intermediary closes partially or fully the Client’s open positions;
m) Deltastock shall not send a request for immediate replenishment of the deficient amount (margin call) to the Client’s email address, and the notifications the Client may receive about their account status are purely informative in nature and may at any time be discontinued by Deltastock without prior notice;
n) the amount of funds in the Client’s accounts opened with Deltastock may be different from the initially deposited amount and shall fully correspond to the results from their activities;
o) the receiving of quotes may sometimes be impossible during the first 15 (fifteen) minutes after the beginning of the Trading Hours or during volatility and lack of sufficient liquidity the spread between the “Buy” and “Sell” prices may be relatively wider that the usually quoted one;
p) in cases of sudden fluctuations in market quotes, including during opening or closing of the respective markets, limit, OCO, conditional, or stop Orders placed by the client may be executed by Deltastock at prices that differ significantly from those indicated in the Orders;
q) Deltastock is entitled to, at its own discretion, consider a Professional Client as a Retail Client, or to consider an Eligible Counterparty as a Professional or Retail Client, and Deltastock is entitled to undertake, at any time and on its own initiative, a change of categorisation, which results in a higher level of protection, in which case Deltastock shall send a motivated notice in writing to the Client;
r) they understand and accept the manner in which all Order types specified in Art. 8.7.1 of the General Terms are placed and executed;
s) in the cases under Art. 8.7 of the General Terms, as well as with any other Order types, a submitted or confirmed Order by them may be:
s.1) cancelled;
s.2) executed at a price different from that specified in the Order;
s.3) delayed;
s.4) partially executed;
s.5) partially executed at a different price;
s.6) not executed at all.
t) in the cases under item (s) above, Deltastock will not bear liability for any damages incurred by the Client;
u) they are acquainted in advance with the minimum hardware and software requirements, available on the Website, necessary for the functioning of each of the applications of the Electronic Trading Platforms: Delta Trading Desktop; Delta Trading Web (DTWeb); Delta Trading Mobile (DTMobile); Deltastock MetaTrader 5; and Deltastock MetaTrader 5 Mobile;
v) they will stay informed of the minimum hardware and software requirements for all new versions of the applications mentioned in item (u) above;
w) Deltastock will not assume any liability (including financial) if the Client has suffered damages due to inappropriate use of the Electronic Trading Platforms in conjunction with software and/or hardware that does not meet the minimum requirements listed on the Website;
45. By signing the Agreement, the Client is deemed informed and agrees that
a) their Orders will be executed on an OTC market at prices quoted by Deltastock;
b) in the cases under Art. 5.17 of the General Terms, Deltastock is entitled:
b.1) to offset the Client’s funds against financial liabilities of the Client towards Deltastock, including the amounts blocked as collateral for financial instruments;
b.2) call upon the Client, by way of notice, to meet their obligations within a reasonable period of time, during which the Client will deposit the outstanding amount to their account or will place an Order for closing part or all of their current Positions. The notice shall advise the Client of the right which Deltastock is entitled to under item (b3) below;
b.3) upon failure by the Client to pay their liabilities, including within the additionally provided period of time under item (b3) above, Deltastock shall be considered to be implicitly authorised by the Client to close part or all of their Positions at its sole discretion;
b.4) if the liabilities of the Client towards Deltastock and the amounts held in their accounts are in different currencies, Deltastock may convert such amounts at the Current Market Prices for the purposes of offsetting;
c) they are liable for any taxes and/or other tax liabilities which may arise in relation to a Trade and/or Services provided by Deltastock, and also in the event where Deltastock pays any taxes or fulfills other tax liabilities on the Client’s behalf, the latter reimburses and indemnifies Deltastock;
d) that Order cancellation requires certain technological time and that the execution of the Order placed earlier may take place before the execution of the cancellation Order, in which case the Client shall bear all the risks of adverse consequences;
e) Deltastock does not provide advice to Clients in relation to regulatory, legal and or tax issues;
f) due the fact that Deltastock executes Orders for trading in CFDs outside of a trading venue, namely on an OTC market, this could lead to the following risks:
f.1) Deltastock is an execution venue and counterparty to each Trade, and therefore the Client’s trading opportunities are limited to the availability of own liquidity of Deltastock;
f.2) the trading prices are determined (quoted) by Deltastock, and not by the counter interest of another Client;
f.3) there is a potential conflict of interest as Deltastock profits from the trading volumes realised by the Client, with possible cases where he investment intermediary realises profit in situations where the Client loses funds;
f.4) the instruments offered for trading are not transferable and the Client cannot transfer them to another investment intermediary or to another trading venue;
f.5) the trading rules that apply on the OTC market are different from the trading rules that apply on the trading venue;
g) during Extended Hours Trading, there may arise additional risks, which are not mentioned in item (f) above but specified in the General Terms;
h) they should promptly notify Deltastock upon any changes to the personal data used to identify the Client or used to perform the Client’s categorisation as the respective type of Client;
46. By signing the Agreement, the Client affirms all declarations and declares their consent wherever applicable under the General Terms, for the cases not mentioned above.
47. The Agreement concluded between Deltastock and the Client may be amended and supplemented by virtue of express written consent by the parties in the form of an additional agreement, except in the cases under Art. 48, Art. 49, and Art. 50 of this Agreement.
48. In cases where the Client wishes to change their initially specified account details, as stipulated in the Appendix, they should fill in and submit by electronic means the special Application for Amendment of Account Details, which can be found on Deltastock’s website. In such a case, it is not necessary to expressly sign an additional agreement between the Parties. The deadline for implementing the change is up to one business day after the relevant condition laid down in Art. 49 of the Agreement has been met.
49. Without the need to sign a new Agreement, the Client holding an existing account, is entitled only to deactivate a Script and/or MT5 Expert Advisors in Deltastock MetaTrader 5, as well as to activate them again after the deactivation, where the change takes effect within one business day after receiving an e-mail request in free text by the Client.
50. The General Terms may be amended in the manner specified in them without the need of an additional written agreement explicitly signed by and between the parties. The order of changing the General Terms is the following:
а) Deltastock reserves the right to change (amend and/or supplement) these General Terms or adopt new ones. In such case, Deltastock shall notify the Client at the email address which they specified and shall publish the document on its Website at least 1 (one) month prior to their effective date. The amended General Terms must contain information about the date of adoption and effective date.
b) If within the one-month period the Client does not reject expressly and in writing, using the declared by them durable medium, the amended or new General Terms, they shall be considered binding to the Client, without the need for additional statement on their behalf.
c) In case the Client opposes the changes, the rules for termination of the Agreement stipulated in Art. 12.2.1, item (iv) of the General Terms shall apply.
51. The documents under Art. 43, items (a.2) to (a.10) of this Agreement may be amended in the manner specified in the General Terms without the need of an additional written agreement explicitly signed by and between the parties. The order of changing the documents under Art. 43, letters (a.2) – (a.10) of the present Agreement is the following:
а) The order of changes to the Tariff is the following:
а.1) Deltastock may change at any time the interest rates, fees and commissions it pays or charges the Client’s account with in execution of the Agreement, after a prior notice is sent to the Client and amendments to the Tariff are made. The notification is performed no less than one (1) month prior to the effective date of the amendment by publishing it on the Website.
а.2) If, within the 1-month notice period, the Client does not disagree expressly and in writing (including via a message sent to Deltastock as a scanned document) to the changes to the Tariff, they shall be considered binding to the Client, without the need for any additional statements on their behalf.
а.3) In case the client opposes the changes, then the procedure for termination of the Agreement under Art. 12.2.1, item (iv) of the General Terms shall apply.
b) The order of the changes to the documents under Art. 43, letters (a.3) – (a.10) of the present Agreement is the following:
b.1) Deltastock reserves the right to change (amend and/or supplement) the documents under Art. 43, letters (a.3) – (a.10) of the present Agreement. In such case, at least 7 (seven) days prior to the effective date of the amendments to the respective document, Deltastock shall notify the Client of that circumstance at the email address they have specified and shall publish the document on its Website.
b.2) If within the seven-day period the Client does not reject expressly and in writing, using the declared by them durable medium to the amendments the or new version of the document, they shall be considered binding to the Client, without the need for additional statement on their behalf.
b.3) In case the Client opposes the changes, the rules for termination of the Agreement stipulated in Art. 12.2.1, item (iv) of the General terms shall apply.
b.4) Deltastock cannot execute Orders by the Client, if they have not given their prior consent to the amendments to the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock.
52. The Agreement shall be terminated in the order and manner specified in the General Terms.
53. With regard to the rights, obligations, and responsibilities of the parties, as well as to the nature and characteristics of the services provided under this Agreement, as well as to any issues not explicitly dealt with by this Agreement, the General Terms, in their respective applicable version, shall apply.
54. When the Client is a physical person acting outside the framework of their business or professional activities and the Agreement has been entered into in one of the following ways:
а) remotely without physical presence, by electronic statement, electronic document or an electronic signature or
b) remotely without physical presence, by exchange of the necessary documents signed by the parties, as in this case the Client shall sign the necessary documents in the presence of a notary who certifies this circumstance, then with respect to the Agreement, the Distance Marketing of Financial Services Act (DMFSA) will also be applicable. The Act transposes the Directive 2002/65/EC of the European Parliament and of the Council concerning the distance marketing of consumer financial services into the Bulgarian legislation.
By signing the Agreement, the Client declares that they give their preliminary consent under Art. 17, para. 1 of DMFSA to Deltastock to use means for remote communication.
By signing the Agreement the Client declares that they give their express consent for the performance of the Agreement to start before the expiration of the period for exercising the right of withdrawal under Art. 12.1.3 of the General Terms, where with this agreement they do not lose their right of withdrawal from the Agreement.
Deltastock carries out its obligations under Chapter 3 of DMFSA through the documents in Art. 43, letter “a” of the Agreement.
55. By signing the Agreement, the Client gives their consent to receive from Deltastock the information on the costs and charges without an unnecessary delay after the conclusion of a deal for the purchase or sale of a financial instrument through remote communication means. The Client has the right to request from Deltastock to provide them the information on the costs and charges by telephone before the conclusion of a deal for the purchase or sale of a financial instrument through a remote communication means. The Client has the right to postpone the conclusion of a deal for the purchase or sale of a financial instrument through remote communication means until they receive from Deltastock the information on the costs and charges.
56. Deltastock provides to its Client the entire information required under MiFIA in electronic format.
57. By signing the Agreement, the Client hereby declares that they are informed that if they are categorised as a Retail client, they have the right to request to receive the information under Art. 56 of the Agreement on paper.
58. By signing the Agreement, the Client hereby declares that they are informed that if they are categorised as a Professional client:
а) Deltastock will not provide them with information on the types of costs and charges and their size;
b) they have free access to the information on the costs and charges and their size, including under Art. 43, letter “a.9” of the Agreement which is published on the website;
c) Deltastock will not provide them with statements on the services rendered on a durable medium in accordance with Delegated Regulation (EU) 2017/565, unless the Client has stated to the investment intermediary, in electronic format or on paper, that they wish to receive those statements;
d) has the right to declare to Deltastock, in electronic format or on paper, that they wish to receive the reports in letter “c”.
59. The following documents are also integral parts of this Agreement:
a) the General Terms in its up-to-date version;
b) the Tariff in its up-to-date version;
c) the Appendix to the Agreement for trading in CFDs, together with the Applications for Amendment of Account Details (if any).
Both parties signed and received this Agreement.
Agreement for Trading in CFDs
No /
The present Agreement was entered into by and between:
Deltastock AD, an authorised investment firm, having its registered address in Sofia, 6 Korab Planina St, Unified Company Code 128042807, represented by Ms Borislava Ivanova Ignatova, in her capacity of Executive Director, and Mr Petar Dimitrov Petrov, in his capacity of Executive Director, and, hereinafter referred to as Deltastock
And
Full name:
Date of Birth:
Place of Birth: ,
Nationality:
Passport/ID#:
Issue Date:
Address:
ZIP code:
City:
Country:
Hereinafter referred to as the Client
Deltastock and the Client hereinafter referred to as the Parties,
The PARTIES hereby agree as follows:
1. The Client and Deltastock agree, against the remuneration specified in the Tariff of Interest Rates, Fees and Commissions of Deltastock (the Tariff) and at prices quoted by Deltastock, to enter into Trades in Contracts for Differences (CFDs) on an Over-the-Counter, or OTC, market by paying a Margin amount, subject to the provisions of the General Terms of Business Applicable to the Agreements for Trading in CFDs of Deltastock (the General Terms).
2. Words and phrases beginning with a capital letter and used in this Agreement have the respective meaning given to them in the General Terms, irrespective of whether used in the singular or the plural form.
3. Deltastock offers to its Clients the following types of CFDs:
a) CFDs on Securities and Exchange Traded Funds;
b) CFDs on Indices;
c) CFDs on Futures;
d) CFDs on Currency Pairs
e) CFDs on Precious Metals;
f) CFDs on other Assets.
4. By signing the Agreement, the Client and Deltastock accept the following as an explicit condition for all CFD Trades:
a) neither party acquires in stock the CFD’s underlying asset;
b) neither party is obliged to purchase or sell, deliver or receive in stock the respective CFD’s underlying asset;
c) the rights and obligations of each of the parties to the CFD are solely to make or receive payments according to the order submitted, with the results of the order execution being reflected, respectively, in their positions in financial instruments and/or cash funds in the Client’s analytical accounts purposely opened with Deltastock;
d) CFDs are not transferrable securities and are not held in a depository institution but in analytical accounts with the investment intermediary;
e) CFD Trades are not subject to centralised clearing.
5. Under this agreement, Deltastock provides Clients with the opportunity to enter into Trades in CFDs on an OTC market through the following trading accounts:
a) trading account on Margin through the electronic trading platform Delta Tradingтм;
b) trading account on Margin through the electronic trading platform Deltastock MetaTrader 5;
6. Under this Agreement and its applicable General Terms, Deltastock does not offer to its Clients trading in financial instruments other than CFDs on a market other than the OTC market.
7. With regard to trading in the above-mentioned CFDs, which is carried out on an OTC market, Deltastock is the single venue of execution of the Orders and acts as a principal to each Trade (and not as an agent or broker).
8. Deltastock does not execute Client Orders outside the execution venue specified above.
9. The Client agrees that Deltastock shall not execute their Orders in the cases where the Client has given a specific instruction for the Trade to be concluded on an execution venue other than Deltastock.
10. Client Orders are executed through the Electronic Platforms for trading in financial instruments offered by Deltastock, at prices quoted by Deltastock, with Deltastock acting as counterparty to each Client Trade. All Client Orders for trading in CFDs are executed against Deltastock's own liquidity. Deltastock does not transfer (rotate, direct, send) Client Orders to another execution venue.
11. Deltastock does not execute Client Orders grouped together (aggregated) with an Order by another Client or a Trade on own account, in the case of Orders for trading in CFDs of an OTC market, as in this case Deltastock is the only venue of execution of the Orders and acts is a counterparty to each Trade.
12. Deltastock notifies the Client in advance that by signing the Agreement, the parties agree that Client Orders will be executed outside of the trading venue (regulated market, multilateral trading system, and organised trading system).
13. Deltastock warns that any specific instructions by the Client may prevent the investment intermediary from taking the measures envisaged and applied under the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock, in order to achieve the best possible results in the execution of these Orders, with respect of the items covered by these instructions.
14. The interests, fees, commissions and other payments due under this Agreement are set out in the Tariff and/or are specified on the investment intermediary’s Website.
15. The Client may deposit and withdraw funds from their account only via payment methods specified on the Website.
16. By signing the Agreement, the Client declares that all incoming and outgoing payments to and from the trading account which was opened in their name with Deltastock will be made from sources whose legal holder is the Client.
17. Deltastock will not accept and execute payments from third parties, namely:
a) deposits to the Client’s trading account, if the person or legal entity sending the funds does not coincide with the holder of the Agreement with Deltastock;
b) withdrawals from the Client’s trading account, if the person or legal entity receiving the funds does not coincide with the holder of the Agreement with Deltastock.
18. The minimum amount required for opening a live trading account is set out in the Tariff. The account is operated in the currency specified in the Appendix to the Agreement (the Appendix).
19. Under a single Agreement, the Client can open only one trading account, in only one currency, in only one Electronic Trading Platform, through which they will use the Services provided by Deltastock.
20. The Client can choose the Electronic Trading Platform they wish to use for trading by declaring their choice in the Appendix
21. If the Client wishes to open more than one trading account in the same currency, or in different currencies, or to use more than one Electronic Trading Platform, they must enter into separate agreements with Deltastock for each account.
22. By signing the Agreement, the Client declares that they are informed and agree that:
a) it is possible that the instruments offered in the Electronic Trading Platform Delta Trading™ may differ from those offered in the Electronic Trading Platform Deltastock MetaTrader 5;
b) it is possible that the trading conditions of the same instrument offered in the two trading platforms are different.
c) it is possible that the trading hours for concluding deals in the same instrument offered in both Electronic Trading Platforms are different;
d) Deltastock has the right to change the minimum order size for CFDs on securities and exchange traded funds, traded on the Electronic Trading Platform MetaTrader 5, as a whole and separately, for the different CFDs on securities and exchange traded funds, by notifying the Client in advance via email or through the Electronic Trading Platform, if they have open positions on the respective instrument, and sets the deadline when the change enters into force.
e) Up-to-date information on the instruments offered for trading in the Electronic Trading Platforms, their trading conditions and trading hours, are available on the Website.
23. When placing Orders, the Client may use Scripts only in Deltastock MetaTrader 5.
24. Deltastock shall execute Orders placed by the Client via a Script as they are received. Deltastock shall not bear any responsibility for the manner in which the Order was placed by the Client via a Script/Expert Advisors.
25. Any Trade is executed only after the Client or their Representative has placed an Order, which is on the Client’s account and at their own risk. Deltastock shall not bear any responsibility for the results of the Client’s investment decisions when a Trade has been executed in accordance with the terms of this Agreement.
26. The Client shall place Orders only in the manner specified in the General Terms.
27. The Minimum Order Quantities/Sizes for entering into Trades are specified on Deltastock’s Website.
28. Deltastock has the right to execute partially or cancel an Order placed by the Client if at the time of execution there has been insufficient liquidity on the respective market on which the underlying asset is traded.
By signing the agreement, the Client explicitly and unconditionally agrees that they have no right to contest the price levels of the Deals at the partial execution of the Order by Deltastock.
29. Deltastock is under no obligation to quote prices for a certain financial instrument or accept Orders for entering into Trades, in the following cases:
a) the respective market where the underlying asset is traded is closed for trading;
b) trading in Currency Pairs, Precious Metals, Futures, Indices, Securities, Exchange Traded Funds and other assets, and/or CFDs has been suspended for any reason, whatsoever;
c) there are Force Majeure events which prevent trading in Currency Pairs, Precious Metals, Futures, Indices, Securities, Exchange Traded Funds and other assets, and/or CFDs for a certain period of time;
d) Orders are placed outside the Trading Hours of Deltastock;
e) in case of other circumstances specified in the General Terms or circumstances which make the provision of quotes by Deltastock impossible or economically impracticable.
30. The Client is entitled to receive quotes and submit Orders only during the Trading Hours, as specified in the General Terms and on the Website.
31. The types of Orders which the Client may submit as well as the manner of their execution are defined in the General Terms.
32. Deltastock reserves the right, at its own discretion, to set limits in relation to:
a) the submission and/or the execution of Client Orders (including limits on their volume), and/or
b) the opening of new Positions (including limits on the Positions Value) within the Business Day.
33. The Limits under Art. 32 may be placed, altered, added or removed without prior notification to the Client.
34. Deltastock reserves the right:
a) if the Client has submitted an Order which exceeds the predefined limits, to contact the Client through the Electronic Trading Platform or by other appropriate means and require further confirmation by the Client of the parameters of the Order. Deltastock reserves the right not to confirm an Order and/or not to proceed with its execution until it has received a confirmation from the Client.
b) if the Client has exceeded the predefined limits:
b.1) to temporarily restrict the possibility of the Client to submit new Orders and/or to open new Positions, and/or
b.2) to cancel executed Trades and/or partially or fully close existing Positions.
35. The Client shall be informed of the occurrence of the circumstances under Art. 34 through the Electronic Trading Platform and/or their specified email address.
36. The Parties hereby agree and accept that the exceeded limits as well as the reasons for surpassing those limits will not be subject to proof in the case of a dispute on the interpretation and/or application of the Agreement, and any such dispute will be settled between the parties by mutual agreement or by the competent court. Any such circumstances relates to the market’s high dynamics, the relationship of Deltastock with third-party counterparties, the current status of the trade lines, the occurrence of events which cannot be reasonably foreseen, and any other reasons whatsoever not stipulated in this article.
The rights under this provision do not waive Deltastock’s rights under Art. 5.26 of the General Terms.
37. In case Deltastock establishes that the Client hinders the normal operation of Deltastock’s servers by means of generating a large number of Orders and/or other messages, or attempts to cause other harms, Deltastock reserves the right to:
a) temporarily restrict the Client’s ability to submit new Orders and/or open new Positions, and/or
b) restrict the Client’s usage of Scripts. The rights under this provision do not waive Deltastock’s rights under Art. 5.26, Art. 11.4 and Art. 11.4a of the General Terms.
38. The Client declares that they are familiar with and accept the following circumstances related to the implementation of this Agreement:
a) the execution and/or failure of execution of all types of Orders depends on the current liquidity of the market where the respective CFD’s underlying assets are traded. Liquidity is determined by the current volume of offers to buy (respectively sell) which create the possibility of a Trade to be made; the former is a market state which varies greatly in time. Sometimes Trades are carried out with assets traded entirely on an OTC market, and their current liquidity depends entirely on banks, brokers and/or market makers which are counterparties of Deltastock; in such cases these counterparties do not provide information, nor keep any record of the current volumes which they would conclude a Trade on;
b) information (including historical data) about the current liquidity cannot be saved and/or found and is not stored anywhere, and for this reason the parties agree and accept that this information will not be subject to proof in the course of disputes for interpretation and/or application of this Agreement, which are settled between the parties by mutual agreement or by the competent court.
39. The trading Margin for the different types of assets is determined in accordance with the limits and volumes specified on Deltastock’s Website.
40. The Margin requirement may be different depending on whether the Client is categorised as a Professional Client, Retail Client, or Eligible Counterparty.
41. The Client is required to comply with the prohibitions and/or limitations related to the Margin amount imposed by their national legislation, if any.
42. By signing the Agreement, the Client confirms that they understand the General Terms and agrees to be legally bound by them.
43. By signing this Agreement, the Client explicitly declares that:
a) they have read and accept:
a.1) the General Terms of Business Applicable to the Agreements for Trading in CFDs of Deltastock, dated 16 May, 2018 and effective from 30 July, 2018; they have been amended at a meeting of Deltastock’s Management Board on 17 July, 2020, 4 January, 2021, 22 June, 2021, 22 November, 2021, 6 March, 2023, 25 May, 2023, 29 April, 2024, 06 October 2025 and 30 April, 2026, where the latest amendments are effective from 04 May, 2026.
a.2) the Tariff of Interest Rates, Fees and Commissions of Deltastock, adopted by Protocol of at a meeting of Deltastock’s Management Board on 27 July, 2018 and effective from 30 July, 2018; it has been amended at meetings of Deltastock’s Management Board on 27 September, 2019, 28 January, 2020, 17 July, 2020, 17 November, 2020, 20 April, 2021, 27 May, 2021, 22 June, 2021, 30 August, 2021, 22 November, 2021, 6 March, 2023, 27 September, 2023, 29 April, 2024, 15 January, 2025, and 20 May, 2025, where the latest amendments are effective from 21 May, 2025.
a.3) the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from 22 June, 2018, amended on 03 February, 2020, 22 November, 2021 and 25 May 2026, where the latest amendments are effective from 26 May, 2023.
a.4) the Conflicts of Interest Policy of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May 2018 and effective from the same date, amended on 03 February, 2020, 19 November, 2021 and 28 February, 2023 and effective from 28 February, 2023.
a.5) the Client Categorisation Rules of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date, amended on 03 February, 2020, 17 July, 2020 and 28 February, 2023 where the last amended is effective from 28 February, 2023.
a.6) the Client Complaints Management Rules of Deltastock, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date, amended on 27 January, 2022, 28 February, 2023 and 6 October 2025, where the latest amendments are effective from 7 October, 2025;
a.7) the Information regarding the investment intermediary Deltastock and its services as intended for clients and potential clients, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018, amended on 26 November, 2019, 03 February, 2020, 17 July, 2020 and 04 January, 2021, 22 June, 2021, 22 November, 2021, 27 January, 2022, 28 February, 2023, 28 June, 2023, 27 September, 2023, 29 April, 2024, 18 September, 2024, 18 February, 2025 and 30 April, 2026 where the latest amendments are effective from 04 May, 2026.
a.8) the Information regarding the financial instruments subject to the investment services carried out by Deltastock and the risks involved, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date; it has been amended at a meeting of Deltastock’s Management Board on 17 July, 2020, 17 November, 2020, 22 June, 2021, 22 November, 2021, 27 January, 2022, 28 February, 2023, 27 September, 2023, and 18 February, 2025, where the latest amendments are effective from 19 February, 2025.
a.9) the Information regarding the costs and charges incurred by clients of Deltastock trading in CFDs on the OTC market, adopted at a meeting of Deltastock’s Management Board on 25 September, 2018, effective from 28 November, 2018 and amended and at meetings of Deltastock’s Management Board on 02 February, 2020, 03 April, 2020, 17 July, 2020, 22 June, 2021, 22 November, 2021, 27 January, 2022, 28 February, 2023 and 28 June, 2023, 29 April, 2024, 18 February, 2025, and 20 May 2025, where the latest amendments are effective from 21 May, 2025.
a.10) the Information regarding safeguarding of the financial instruments and funds of Deltastock’s clients trading contracts for difference on an OTC market, adopted at a meeting of Deltastock’s Management Board on 16 May, 2018 and effective from the same date, amended on 03 February, 2020 and 28 February, 2023 and effective from 28 February, 2023;
b) they give their explicit consent to be duly acquainted with all updated versions of the documents under item (a) above through Deltastock’s Website, where their up-to-date versions are available;
c) they are aware of their right to refer to Deltastock AD reasonable and proportionate requests for information on the policies and rules under item (a) above;
d) they explicitly agree that the Agreement, General Terms, and all documents applicable to them, as well as their subsequent issues, shall be provided to the Client in Bulgarian language and in English language only, and that they shall use the documents under item (a) above in one of the two languages (English and/or Bulgarian) and shall not request translations in other languages;
e) they understand and agree that Deltastock does not provide any investment advice to the Client under this Agreement and that the Client submits Orders at their own discretion and initiative. When Deltastock provides the Client with information on the current situation of the different markets, it has to be considered by the Client only as information relating to the respective assets. The provision of any such service is for convenience and information purposes only; therefore it could not be deemed as a recommendation for entering into or not entering into a Trade;
f) they are aware that all Trades in CFDs are related to assets traded on different trading venues and/or execution venues, and as such, the execution of those Trades will be affected by the rules of the underlying asset’s respective market. Deltastock shall not be held liable for any potential losses or damages incurred by the Client as a result of administrative or other change in the Market Rules of the respective exchange, clearing house, market maker and/or bank, where the respective underlying assets are traded, and which change could have an impact on the asset (CFD) quoted by Deltastock;
g) they are aware of the risks involved in investments in CFDs based on Securities, Exchange Traded Funds, Indices, Futures, Currency Pairs, Precious Metals, and other Assets;
h) they give their explicit consent in principle that all their Orders will be executed outside of a trading venue;
i) they give their explicit consent in principle to the processing of their the personal data, including the data additionally collected by Deltastock in the process of concluding and implementing the Agreement;
j) they give their explicit consent in principle that Deltastock may conduct a verification of the personal data provided by the Client, through independent sources, in compliance with all of the requirements of the Applicable Law;
k) they give their explicit consent that Deltastock may disclose their personal data to banks and other credit and financial institutions, which are authorised by the competent authority of their domicile, including to such entities which are established outside the European Union and the European Economic Area, provided that such disclosure is necessary for the purposes of implementing the Agreement and is in compliance with the Applicable Law. They also give their explicit consent that Deltastock may disclose their personal data to its tied agents, as well as to its service providers only when necessary: for the purpose of providing the agreed services for trading in financial instruments; and/or when assigning critical and important operative functions; and/or for the purpose of implementing the Agreement, where this disclosure and is in compliance with the Applicable Law;
l) they give their explicit consent in principle that Deltastock may disclose their personal data for the purposes and objectives of the Automatic Exchange of Financial Information in the Field of Taxation, under the terms and to the entities referred to in TSSPC, for the purposes of reporting under MiFIR and EMIR, and for the purposes the tax legislation in Bulgaria, USA, and Sweden;
m) they give their explicit consent in principle that Deltastock will provide them with information through its Website – www.deltastock.com;
n) they explicitly prefer the durable medium used to be in the form of electronic messages and electronic documents and scanned documents sent to the email address provided by the Client;
o) they explicitly prefer the provision of information to be carried out through the Website or the Electronic Trading Platform;
p) they are notified by electronic means about the Website address and the exact section of the Website where the relevant information may be found;
q) they are aware of and agree that information about volumes, highest and lowest quotes, etc. in the Electronic Trading Platform, as well as the quotes visualised in the Charts module, are indicative only and may contain errors and inaccuracies, and that Deltastock does not guarantee that Orders will be executed, or not executed, at the prices specified in this information;
r) they are aware of and agree that the information Deltastock provides to Clients through the Website and/or Electronic Trading Platforms regarding the main characteristics and features of certain financial instruments or Services, as well as when the company provides statistical data or information regarding the current status of different financial instruments and/or markets, that this information or data is indicative only and that Deltastock does not guarantee that Orders will be executed, or not executed, at the prices specified in this information;
s) they are aware of and agree that the information in the Charts module in Deltastock MetaTrader 5 is displayed only taking into account the “Sell” price. Deltastock does not guarantee that Orders will be executed, or not executed, at the prices specified in this information;
t) they have familiarised themselves in a timely manner through the Website (www.deltastock.com) with the Key Information Documents (KIDs) of the financial instruments offered by Deltastock, which fall within the scope of the definition of “packaged retail and investment products” as defined in Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs);
u) they are informed that upon their request, Deltastock shall provide KIDs on paper or other durable medium;
v) they give their explicit consent that all subsequent KIDs and/or the changes to the already available KIDs shall be provided to them through the Website (www.deltastock.com);
w) they have received the information which Deltastock is obligated to provide in accordance with Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive, the Markets in Financial Instruments Act (MiFIA), and Ordinance No 38 of the FSC on the requirements to the activities of investment intermediaries, as far as it is required, as well as other information specified in the General Terms and/or available on the Website, and that they have received a notification sent by electronic means about the Website address and the page on which the respective information is displayed;
x) Shall not place Orders and conclude Deals which could represent abuse of insider information and or manipulation of the market within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC;
y) they wish to use the email address provided in the Appendix as an information distribution method;
z) the information provided by them, which is necessary for performing an assessment of appropriateness by Deltastock, in the process of completing the account opening request is accurate and up-to-date.
44. By signing the Agreement, the Client agrees that:
a) prior to entering into an Agreement between them and Deltastock, they cannot enter into Trades and use the Services provided by the investment intermediary;
b) Deltastock cannot execute Orders on the Client’s account if they have not agreed in advance to the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock, respectively to its subsequent amendments;
c) irrespective of Deltastock’s assessment of appropriateness of whether the requested service is suitable for them, the Client should carry out their own careful assessment of whether the services provided by Deltastock are suitable for them and whether they should benefit from them;
d) Deltastock may deposit their funds in the persons under Art. 93, Para. 3 of MiFIA, even in the cases where Deltastock is related thereto;
e) Deltastock may not dispose with Client funds on own account;
f) in compliance with the Applicable Law, all conversations and messages related to reception, transfer, and execution of Client Orders are recorded and archived by Deltastock for the purposes of ensuring the reliability and security of the provided information, and subsequently listened to in the event of discrepancies and disputes between the parties to the Agreement;
g) the recordings of the conversations and the electronic messages, made under and for the purposes of the General Terms, may be used as evidence;
h) they give their unconditional consent that their account with Deltastock will be directly credited and debited with all positive and negative price differences resulting from Orders submitted by the Client or by their Representative, and from Trades concluded, respectively executed, on the Client’s behalf and risk;
i) Deltastock is entitled to, at its own discretion, suspend from trading or add new financial instruments. In the cases when trading is suspended, Deltastock has the right to close all existing positions at the market closing positions for the respective day of suspension, by sending a written or electronic notice in advance.
j) in cases where Deltastock, at its own discretion, suspends a financial instrument from trading, the investment intermediary is entitled to close all existing Positions at the Market Closing Prices for the day of suspension of the respective financial instrument and/or cancel all confirmed Orders;
k) they give their unconditional consent to the price levels of the Trades for closing the Client’s positions by Deltastock, in the cases where the investment intermediary closes partially or fully the Client’s open positions at the Current Market Prices, when the deficiency in the current account balance (free funds) in the Client's account reaches the minimum Margin requirement levels indicated on the Website;
l) they give their unconditional consent that the Client is not entitled to contest the price levels of the Trades for closing the Client’s position by Deltastock, in the cases provided for in the General terms, in the cases where the investment intermediary closes partially or fully the Client’s open positions;
m) Deltastock shall not send a request for immediate replenishment of the deficient amount (margin call) to the Client’s email address, and the notifications the Client may receive about their account status are purely informative in nature and may at any time be discontinued by Deltastock without prior notice;
n) the amount of funds in the Client’s accounts opened with Deltastock may be different from the initially deposited amount and shall fully correspond to the results from their activities;
o) the receiving of quotes may sometimes be impossible during the first 15 (fifteen) minutes after the beginning of the Trading Hours or during volatility and lack of sufficient liquidity the spread between the “Buy” and “Sell” prices may be relatively wider that the usually quoted one;
p) in cases of sudden fluctuations in market quotes, including during opening or closing of the respective markets, limit, OCO, conditional, or stop Orders placed by the client may be executed by Deltastock at prices that differ significantly from those indicated in the Orders;
q) Deltastock is entitled to, at its own discretion, consider a Professional Client as a Retail Client, or to consider an Eligible Counterparty as a Professional or Retail Client, and Deltastock is entitled to undertake, at any time and on its own initiative, a change of categorisation, which results in a higher level of protection, in which case Deltastock shall send a motivated notice in writing to the Client;
r) they understand and accept the manner in which all Order types specified in Art. 8.7.1 of the General Terms are placed and executed;
s) in the cases under Art. 8.7 of the General Terms, as well as with any other Order types, a submitted or confirmed Order by them may be:
s.1) cancelled;
s.2) executed at a price different from that specified in the Order;
s.3) delayed;
s.4) partially executed;
s.5) partially executed at a different price;
s.6) not executed at all.
t) in the cases under item (s) above, Deltastock will not bear liability for any damages incurred by the Client;
u) they are acquainted in advance with the minimum hardware and software requirements, available on the Website, necessary for the functioning of each of the applications of the Electronic Trading Platforms: Delta Trading Desktop; Delta Trading Web (DTWeb); Delta Trading Mobile (DTMobile); Deltastock MetaTrader 5; and Deltastock MetaTrader 5 Mobile;
v) they will stay informed of the minimum hardware and software requirements for all new versions of the applications mentioned in item (u) above;
w) Deltastock will not assume any liability (including financial) if the Client has suffered damages due to inappropriate use of the Electronic Trading Platforms in conjunction with software and/or hardware that does not meet the minimum requirements listed on the Website;
45. By signing the Agreement, the Client is deemed informed and agrees that
a) their Orders will be executed on an OTC market at prices quoted by Deltastock;
b) in the cases under Art. 5.17 of the General Terms, Deltastock is entitled:
b.1) to offset the Client’s funds against financial liabilities of the Client towards Deltastock, including the amounts blocked as collateral for financial instruments;
b.2) call upon the Client, by way of notice, to meet their obligations within a reasonable period of time, during which the Client will deposit the outstanding amount to their account or will place an Order for closing part or all of their current Positions. The notice shall advise the Client of the right which Deltastock is entitled to under item (b3) below;
b.3) upon failure by the Client to pay their liabilities, including within the additionally provided period of time under item (b3) above, Deltastock shall be considered to be implicitly authorised by the Client to close part or all of their Positions at its sole discretion;
b.4) if the liabilities of the Client towards Deltastock and the amounts held in their accounts are in different currencies, Deltastock may convert such amounts at the Current Market Prices for the purposes of offsetting;
c) they are liable for any taxes and/or other tax liabilities which may arise in relation to a Trade and/or Services provided by Deltastock, and also in the event where Deltastock pays any taxes or fulfills other tax liabilities on the Client’s behalf, the latter reimburses and indemnifies Deltastock;
d) that Order cancellation requires certain technological time and that the execution of the Order placed earlier may take place before the execution of the cancellation Order, in which case the Client shall bear all the risks of adverse consequences;
e) Deltastock does not provide advice to Clients in relation to regulatory, legal and or tax issues;
f) due the fact that Deltastock executes Orders for trading in CFDs outside of a trading venue, namely on an OTC market, this could lead to the following risks:
f.1) Deltastock is an execution venue and counterparty to each Trade, and therefore the Client’s trading opportunities are limited to the availability of own liquidity of Deltastock;
f.2) the trading prices are determined (quoted) by Deltastock, and not by the counter interest of another Client;
f.3) there is a potential conflict of interest as Deltastock profits from the trading volumes realised by the Client, with possible cases where he investment intermediary realises profit in situations where the Client loses funds;
f.4) the instruments offered for trading are not transferable and the Client cannot transfer them to another investment intermediary or to another trading venue;
f.5) the trading rules that apply on the OTC market are different from the trading rules that apply on the trading venue;
g) during Extended Hours Trading, there may arise additional risks, which are not mentioned in item (f) above but specified in the General Terms;
h) they should promptly notify Deltastock upon any changes to the personal data used to identify the Client or used to perform the Client’s categorisation as the respective type of Client;
46. By signing the Agreement, the Client affirms all declarations and declares their consent wherever applicable under the General Terms, for the cases not mentioned above.
47. The Agreement concluded between Deltastock and the Client may be amended and supplemented by virtue of express written consent by the parties in the form of an additional agreement, except in the cases under Art. 48, Art. 49, and Art. 50 of this Agreement.
48. In cases where the Client wishes to change their initially specified account details, as stipulated in the Appendix, they should fill in and submit by electronic means the special Application for Amendment of Account Details, which can be found on Deltastock’s website. In such a case, it is not necessary to expressly sign an additional agreement between the Parties. The deadline for implementing the change is up to one business day after the relevant condition laid down in Art. 49 of the Agreement has been met.
49. Without the need to sign a new Agreement, the Client holding an existing account, is entitled only to deactivate a Script and/or MT5 Expert Advisors in Deltastock MetaTrader 5, as well as to activate them again after the deactivation, where the change takes effect within one business day after receiving an e-mail request in free text by the Client.
50. The General Terms may be amended in the manner specified in them without the need of an additional written agreement explicitly signed by and between the parties. The order of changing the General Terms is the following:
а) Deltastock reserves the right to change (amend and/or supplement) these General Terms or adopt new ones. In such case, Deltastock shall notify the Client at the email address which they specified and shall publish the document on its Website at least 1 (one) month prior to their effective date. The amended General Terms must contain information about the date of adoption and effective date.
b) If within the one-month period the Client does not reject expressly and in writing, using the declared by them durable medium, the amended or new General Terms, they shall be considered binding to the Client, without the need for additional statement on their behalf.
c) In case the Client opposes the changes, the rules for termination of the Agreement stipulated in Art. 12.2.1, item (iv) of the General Terms shall apply.
51. The documents under Art. 43, items (a.2) to (a.10) of this Agreement may be amended in the manner specified in the General Terms without the need of an additional written agreement explicitly signed by and between the parties. The order of changing the documents under Art. 43, letters (a.2) – (a.10) of the present Agreement is the following:
а) The order of changes to the Tariff is the following:
а.1) Deltastock may change at any time the interest rates, fees and commissions it pays or charges the Client’s account with in execution of the Agreement, after a prior notice is sent to the Client and amendments to the Tariff are made. The notification is performed no less than one (1) month prior to the effective date of the amendment by publishing it on the Website.
а.2) If, within the 1-month notice period, the Client does not disagree expressly and in writing (including via a message sent to Deltastock as a scanned document) to the changes to the Tariff, they shall be considered binding to the Client, without the need for any additional statements on their behalf.
а.3) In case the client opposes the changes, then the procedure for termination of the Agreement under Art. 12.2.1, item (iv) of the General Terms shall apply.
b) The order of the changes to the documents under Art. 43, letters (a.3) – (a.10) of the present Agreement is the following:
b.1) Deltastock reserves the right to change (amend and/or supplement) the documents under Art. 43, letters (a.3) – (a.10) of the present Agreement. In such case, at least 7 (seven) days prior to the effective date of the amendments to the respective document, Deltastock shall notify the Client of that circumstance at the email address they have specified and shall publish the document on its Website.
b.2) If within the seven-day period the Client does not reject expressly and in writing, using the declared by them durable medium to the amendments the or new version of the document, they shall be considered binding to the Client, without the need for additional statement on their behalf.
b.3) In case the Client opposes the changes, the rules for termination of the Agreement stipulated in Art. 12.2.1, item (iv) of the General terms shall apply.
b.4) Deltastock cannot execute Orders by the Client, if they have not given their prior consent to the amendments to the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock.
52. The Agreement shall be terminated in the order and manner specified in the General Terms.
53. With regard to the rights, obligations, and responsibilities of the parties, as well as to the nature and characteristics of the services provided under this Agreement, as well as to any issues not explicitly dealt with by this Agreement, the General Terms, in their respective applicable version, shall apply.
54. When the Client is a physical person acting outside the framework of their business or professional activities and the Agreement has been entered into in one of the following ways:
а) remotely without physical presence, by electronic statement, electronic document or an electronic signature or
b) remotely without physical presence, by exchange of the necessary documents signed by the parties, as in this case the Client shall sign the necessary documents in the presence of a notary who certifies this circumstance, then with respect to the Agreement, the Distance Marketing of Financial Services Act (DMFSA) will also be applicable. The Act transposes the Directive 2002/65/EC of the European Parliament and of the Council concerning the distance marketing of consumer financial services into the Bulgarian legislation.
By signing the Agreement, the Client declares that they give their preliminary consent under Art. 17, para. 1 of DMFSA to Deltastock to use means for remote communication.
By signing the Agreement the Client declares that they give their express consent for the performance of the Agreement to start before the expiration of the period for exercising the right of withdrawal under Art. 12.1.3 of the General Terms, where with this agreement they do not lose their right of withdrawal from the Agreement.
Deltastock carries out its obligations under Chapter 3 of DMFSA through the documents in Art. 43, letter “a” of the Agreement.
55. By signing the Agreement, the Client gives their consent to receive from Deltastock the information on the costs and charges without an unnecessary delay after the conclusion of a deal for the purchase or sale of a financial instrument through remote communication means. The Client has the right to request from Deltastock to provide them the information on the costs and charges by telephone before the conclusion of a deal for the purchase or sale of a financial instrument through a remote communication means. The Client has the right to postpone the conclusion of a deal for the purchase or sale of a financial instrument through remote communication means until they receive from Deltastock the information on the costs and charges.
56. Deltastock provides to its Client the entire information required under MiFIA in electronic format.
57. By signing the Agreement, the Client hereby declares that they are informed that if they are categorised as a Retail client, they have the right to request to receive the information under Art. 56 of the Agreement on paper.
58. By signing the Agreement, the Client hereby declares that they are informed that if they are categorised as a Professional client:
а) Deltastock will not provide them with information on the types of costs and charges and their size;
b) they have free access to the information on the costs and charges and their size, including under Art. 43, letter “a.9” of the Agreement which is published on the website;
c) Deltastock will not provide them with statements on the services rendered on a durable medium in accordance with Delegated Regulation (EU) 2017/565, unless the Client has stated to the investment intermediary, in electronic format or on paper, that they wish to receive those statements;
d) has the right to declare to Deltastock, in electronic format or on paper, that they wish to receive the reports in letter “c”.
59. The following documents are also integral parts of this Agreement:
a) the General Terms in its up-to-date version;
b) the Tariff in its up-to-date version;
c) the Appendix to the Agreement for trading in CFDs, together with the Applications for Amendment of Account Details (if any).
Both parties signed and received this Agreement.
Agreement for Brokerage Services
No /
The present Agreement was entered into by and between:
Deltastock AD, an authorised investment firm, having its registered address in Sofia, 6 Korab Planina St, Unified Company Code 128042807, represented by Ms Borislava Ivanova Ignatova, in her capacity of Executive Director, and Mr Petar Dimitrov Petrov, in his capacity of Executive Director, and, hereinafter referred to as Deltastock
and
Full name:
Date of Birth:
Place of Birth: ,
Nationality:
Passport/ID#:
Issue Date:
Address:
ZIP code:
City:
Country:
hereinafter referred to as the Client,
for the following:
1. By the Agreement, the Client and Deltastock agree that, in return for the remuneration specified in the Tariff for brokerage services of the investment intermediary Deltastock (the Tariff), the investment intermediary:
1.1. to accept the Client's Orders for trading in financial instruments and to transmit them for execution to the multilateral trading system (MTS) operated by "International Trading System" Limited ("ITS Ltd.") Astana, Kazakhstan, subject to the provisions of the Agreement, the General Terms of Business applicable to the Agreements for brokerage services of the investment intermediary Deltastock (General Terms of Business) and related documents;
1.2. to carry out safekeeping and administration of the Client's financial instruments independently and/or through a depository institution, by keeping the Client's financial instruments in a sub-account to its depository account in the Depository Institution, namely - "ITS Central Securities Depository" Limited ("ITS CSD Ltd.").
2. The services provided under Art. 1.1 include the activities of accepting and transmitting Client Orders for acquisition and disposal of financial instruments on an MTF operated by ITS Ltd., in accordance with the practice and rules of the relevant financial instruments market and the Market Rules.
3. The services provided under Art. 1.2 include the performance of the following activities:
3.1. opening of depository sub-accounts with the Depository Institution ITS CSD Ltd.;
3.2. storage of the supporting documents for non-cash financial instruments;
3.3. making all ordered non-cash payments on behalf of and for the account of the Client;
3.4. keeping dematerialised financial instruments in a sub-account at the Depository Institution (ITS CSD Ltd.);
3.5. performing necessary actions in connection with the settlement by the Depository Institution (ITS CSD Ltd.) of transactions with financial instruments.
4. The Agreement is concluded for a period of one year.
The Agreement shall be automatically renewed for a period of one year, unless the Client notifies Deltastock in writing within 7 (seven) days prior to the expiration of the Agreement that they wish to terminate it.
The Agreement may be automatically renewed indefinitely.
5. The General Terms of Business are an integral part of the Agreement, and as such are binding on the parties.
6. Terms and concepts used in this Agreement and beginning with a capital letter have the same meaning as given to them in the General Terms of Business, regardless of whether they are used in the singular or plural.
7. By virtue of this Agreement and the General Terms of Business applicable thereto, Deltastock does not offer the Client trading in financial instruments other than those specified in the General Terms of Business on a trading venue other than the MTF operated by ITS Ltd., with the investment intermediary always acting only as a broker/agent on each transaction.
8. Deltastock does not execute Client Orders outside the above-mentioned execution venue/trading venue.
By signing the Agreement, the Client agrees that Deltastock will not submit their Orders for execution if they have given a specific Instruction for the Transaction to be concluded at an execution venue/trading venue other than ITS Ltd.
9. Deltastock does not execute / does not submit for execution to the MTF a Client's Order grouped (combined) with an Order of another client or with a transaction for its own account.
10. The fees, commissions and other remunerations owed to Deltastock are determined according to the Tariff and/or are listed on the investment intermediary's website.
11. The Client may deposit and withdraw funds from their trading account only through the payment methods specified on the Website.
12. By signing the Agreement, the Client declares that all incoming and outgoing payments from and to the trading account opened in their name at Deltastock will be made from sources whose holder is the Client.
13. Deltastock will not execute payments with third parties, namely:
13.1. contributions to the Client's trading account if the holder sending the funds does not match the holder of the Agreement with Deltastock;
13.2. withdrawals from the Client's trading account if the holder receiving the funds does not match the holder of the Agreement with Deltastock.
14. The minimum amount required to open a trading account is specified in the Tariff. The account is maintained in the currency specified in Appendix No. 1 to the Agreement.
15. The Client submits Orders in accordance with the procedure provided for in the General Terms of Business.
16. The type of Orders that the Client may submit, as well as the procedure for their execution, are defined in the General Terms of Business.
17. Each Transaction is concluded only as a result of an Order submitted by the Client or by a person authorised by them, and is entirely at the expense and risk of the Client. Deltastock is not responsible for the results of the Client's investment decisions when implementing a Transaction concluded under the terms of this Agreement.
18. By signing the Agreement, the Client declares that, prior to concluding the Agreement, they have familiarised themselves with the available and freely accessible documents on the Internet site, as follows: the sample Brokerage Services Agreement, together with the annexes thereto and the documents under Art. 19.
19. By signing the Agreement, the Client declares that they have read and accepts the following documents:
19.1. General Terms of Business applicable to the Agreements for brokerage services of the investment intermediary Deltastock, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026; they have been amended at a meeting of the Management Board of Deltastock on 01 September 2026, where the amendments are effective from 01 September 2026;
19.2. Tariff for brokerage services of the investment intermediary Deltastock, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026; it has been amended at meetings of the Management Board of Deltastock on 01 September 2026 and 29 September 2026, where the amendments are effective from 29 September 2026;
19.3. Policy of Deltastock for the execution of client orders, applicable to Agreements for brokerage services, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026; it has been amended at a meeting of the Management Board of Deltastock on 01 September 2026, where the amendments are effective from 01 September 2026;
19.4. Policy regarding the conflict of interest of Deltastock, relevant to the brokerage services offered by the investment intermediary, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026;
19.5. Client Categorisation Rules of Deltastock, adopted at a meeting of the Management Board of Deltastock on 16 May, 2018, effective from the same date, and amended at meetings of the Management Board of Deltastock on 03 February, 2020, on 17 July, 2020 and on 28 February, 2023, with the last amendment effective from 28 February, 2023;
19.6. Client Complaints Management Rules of Deltastock, adopted at a meeting of the Management Board of Deltastock on 16 May, 2018, in force from the same date, amended on 27 January, 2022, on 28 February, 2023 and on 06 October, 2025, with the last amendment in force from 07 October, 2025;
19.7. Information regarding the investment intermediary Deltastock and its brokerage services as intended for clients and potential clients, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026; it has been amended at a meeting of the Management Board of Deltastock on 01 September 2026, where the amendments are effective from 01 September 2026;
19.8. Information regarding safeguarding of the financial instruments and funds of the clients using the brokerage services of the investment intermediary Deltastock, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026;
19.9. Information regarding the costs and charges incurred by clients of Deltastock using the brokerage services of the investment intermediary, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026; it has been amended at meetings of the Management Board of Deltastock on 01 September 2026 and 29 September 2026, where the amendments are effective from 29 September 2026;
19.10. Information regarding the financial instruments subject of the brokerage services provided by Deltastock and the risks involved, adopted at a meeting of the Management Board of Deltastock on 26 January, 2026, effective from 26 January, 2026.
20. By signing the Agreement, the Client declares that:
20.1. gives their explicit consent to be duly informed of newer versions of the documents under Art. 19 through the website of Deltastock, where their current version is available;
20.2. is aware that they have the right to make reasonable and proportionate requests to Deltastock for information regarding the policies and rules under Art. 19;
20.3. gives their explicit consent for the Agreement, the General Terms of Business and all documents applicable to them and their subsequent revisions being provided to them only in Bulgarian and English and that they will use the documents under Art. 19 in one of the two available languages (English and/or Bulgarian) and will not require translation into another language.
21. By signing the Agreement, the Client declares that:
21.1. is informed, understands and accepts that trading in financial instruments, and in particular the financial instruments specified in the General Terms of Business, is accompanied by risks that may lead to financial losses for the Client;
21.2. is informed, understands and accepts that the value of the financial instruments they hold may decrease as well as increase, and it is possible that they may suffer losses and receive back less than they invested when acquiring them;
21.3. is informed, understands and accepts that they use the Services of Deltastock on their own behalf, at their own expense and at their own risk;
21.4. is informed, understands and accepts that Deltastock transmits the Client's Orders for execution to the multilateral trading facility (MTF) operated by ITS Ltd., located in a third country outside the European Union, and this is accompanied by risks that may lead to financial losses for the Client;
21.6. has become familiar with the Client Categorisation Rules of Deltastock and that they accept them;
21.7. agrees that Deltastock will provide them with all information required under the Applicable Law, including, but not limited to, the interest, fees and commissions due, the amount of guarantee amounts and trading hours, in electronic format through its website - https://www.deltastock.com, through the Electronic Trading Platform, to the email address provided by the Client, or through another means of remote communication;
21.8. gives their explicit consent to Deltastock providing them with information through its website - https://www.deltastock.com;
21.9. is informed that Deltastock provides all information required under the Markets in Financial Instruments Act (MiFIA) in electronic format;
21.10. is informed and agrees that the provision of information via electronic means of communication is considered appropriate in view of the existing or upcoming relations between the Client and Deltastock, as the Client has indicated an e-mail address for communication upon conclusion of the Agreement;
21.11. has read the "Policy of Deltastock for the execution of client orders, applicable to Agreements for brokerage services" and that they accept it;
21.12. is informed that the websites on which information about ITS Ltd. (which, in connection with the Services provided by Deltastock to the Client, acts as an MTF, clearing house and central counterparty), ITS CSD Ltd. (which, in connection with the Services provided by Deltastock to the Client, acts as a Depository Institution) and the Astana International Financial Center (AIFC - where ITS Ltd. and ITS CSD Ltd. are located) are specified in Art. 7.5 of the General Terms of Business;
21.13. is informed that Deltastock accepts and transmits the Client's Orders for execution to the MTF operated by ITS Ltd., in compliance with the Policy of Deltastock for the execution of client orders, applicable to Agreements for brokerage services, and the Client's Orders are executed on the MTF in compliance with the Business Rules of ITS Ltd. (Business rules International Trading System Limited);
21.14. is informed that the content of the Policy of Deltastock for the execution of client orders, applicable to Agreements for brokerage services, as well as the content of the Business Rules of ITS Ltd. (Business Rules International Trading System Limited), do not constitute part of the Agreement and failure to follow these documents in certain situations cannot be considered a breach of the Agreement and the General Terms of Business, as long as there is no violation of the latter or of the Applicable Law;
21.15. agrees that Deltastock may deposit its funds in the persons specified in Art. 93, para. 1 of the MIFIA, even when Deltastock is a related party to them;
21.16. accepts and agrees that Deltastock may deposit their funds with a third party, as follows: an MTF, a clearing house or a similar organization and/or a credit institution that services them, in order for Deltastock to carry out transactions through or with such person on behalf of and/or for the account of the Client, in connection with the trading and safekeeping of the Client's financial instruments;
21.17. accepts and agrees that in the absence of negligence on the part of Deltastock, the investment intermediary shall not bear any liability for the actions (or inaction) of any other third party in which it deposits the Client's funds;
21.18. accepts and agrees that the third party in which Deltastock deposits the Client's funds may have a right of security and/or a right to use the Client's funds as a result of amounts owed to that party, if the debt is for the Client's account;
21.19. accepts and agrees that the third party to which Deltastock deposits the Client's funds may hold them in a joint account and it may not be possible to separate them from the investment intermediary's funds or from its own funds;
21.20. accepts and agrees that if the third party in which Deltastock deposits the Client's funds becomes insolvent, Deltastock will only have an unsecured claim against it on behalf of the Client, which in turn means that there is a risk that the third party will not pay Deltastock sufficient funds to cover the Client's receivables;
21.21. acknowledges and agrees that the third party in which Deltastock deposits the Client's funds may be based outside the European Union and in such circumstances the applicable provisions for it will be different from those in the Member States of the European Union and if it is unable to return the Client's funds, these funds may be treated differently than would be applicable if the funds were located in the European Union;
21.22. understands and agrees that the funds in their trading account opened with Deltastock may differ from the initially deposited amount and will fully correspond to the results of their activities;
21.23. is informed that the nature of the investment service offered related to financial instruments, namely acceptance and transmission of Client Orders for execution on an MTF operated by ITS Ltd., located in the Astana International Financial Center (AIFC) in Kazakhstan, requires that the Client's financial instruments be deposited with a person under Art. 94, para. 1 of the MIFIA in a third country, namely in ITS CSD Ltd., located in the Astana International Financial Center (AIFC) in Kazakhstan;
21.24. is informed that to the extent that the Client's financial instruments are held by a custodian / Depository Institution (ITS CSD Ltd.) outside the European Union, different legal and regulatory requirements and market practices will apply to it and the Client's rights in relation to these instruments may differ from those that they would have (including in the event of the insolvency of such custodian) with a custodian from a Member State of the European Union;
21.25. is informed that they may request Deltastock to provide a report on the Client's financial instruments and/or cash held by the investment intermediary, more frequently than once a quarter, for a fee determined on a commercial basis;
21.26. accepts and agrees that Deltastock has the rights under Art. 9.43 and Art. 9.44 of the General Terms of Business;
21.27. is notified and agrees that in the cases under Art. 9.43 of the General Terms of Business, Deltastock has the rights under Art. 9.45 of the General Terms of Business;
21.28. has read and accepts the Policy regarding the conflict of interest of Deltastock, relevant to the brokerage services offered by the investment intermediary;
21.29. confirms that they know and understand that:
а) there may be inaccuracies, omissions, delays and incorrect consistency of the financial information under Art. 9.59 of the General Terms of Business provided directly or indirectly by electronic means by Deltastock to the Client;
b) Deltastock does not provide any guarantees in relation to the financial information provided to the Client through the Website;
c) The financial information provided by Deltastock should not be perceived as a recommendation or investment advice to the Client to conclude or refrain from Transactions;
21.30. with regard to existing and/or upcoming relations with Deltastock, which are carried out or will be carried out primarily via the Internet:
а) expressly prefers that messages and electronic documents and scanned documents sent to the email address provided by them be used as a durable medium;
b) explicitly prefers that information from Deltastock be provided via the website; and
c) is notified electronically of the address of the Internet site and the location of the page where the relevant information is located;
21.31. is notified and expressly, irrevocably and unconditionally agrees that Deltastock acts as a principal, and not as an agent/broker, in all its actions with/before the Depository Institution (ITS CSD Ltd.), which actions are related to the trading of financial instruments of the MTF (ITS Ltd.) carried out by the Client through the investment intermediary, including, but not limited to, the disposal of the Client's financial instruments;
21.32. is notified and expressly, irrevocably and unconditionally agrees that:
а) in view of the conditions of the Depository Institution (ITS CSD Ltd.), where Deltastock stores the Client's financial instruments, these instruments may also be stored in common client accounts;
b) the Client's financial instruments may be registered in the name of Deltastock and/or the Depository Institution, and/or a third party, where such registration is required by Applicable Law and/or the internal rules of the Depository Institution. Where the financial instruments are registered in the manner described in the preceding sentence, this fact may not allow their physical separation from the assets of the Depository Institution or the third party and in the event of insolvency the Client's financial instruments may not be fully protected from claims by the creditors of the Depository Institution or the third party.
22. By signing the Agreement, the Client:
22.1. declares their explicit consent to the processing of the personal data provided by them, including the additional data collected by Deltastock in the process of concluding and performing the Agreement;
22.2. agrees that Deltastock may verify the personal data provided by them through independent sources in compliance with all requirements of Applicable Law;
22.3. is informed that Deltastock collects and processes their personal data solely for the purposes of concluding and executing an Agreement with them for the needs and purposes of the MAMLA, MAFTPWMDA, TSIPC, MiFIA and other applicable regulatory acts, and in compliance with the requirements of the Personal Data Protection Act, Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of individuals with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation, GDPR) and other provisions of the Applicable Law. Access to personal data is only available to authorised persons working under an Agreement with Deltastock, and the latter provide the Client's personal data to third parties only in the cases provided for in the Applicable Law and for the purposes specified herein;
22.4. declares their explicit consent that Deltastock may disclose their personal data to banks and other credit and financial institutions licensed in their place of registration, including those from countries outside the European Union and the European Economic Area, only when this is necessary for the purposes of implementing the Agreement and in compliance with Applicable Law;
22.5. declares their explicit consent that Deltastock may disclose their personal data for the purposes and needs of the Automatic Exchange of Financial Information in the field of taxation in accordance with the procedure and to the persons provided for in the TSIPC, for the needs of reporting under MIFIR, and for the needs of tax legislation in the Republic of Bulgaria, the USA and Sweden;
22.6. declares that they give their irrevocable and unconditional consent and authorizes Deltastock to disclose, in accordance with the procedure provided for by law, circumstances regarding the Client that may constitute a secret protected by law, to depository institutions and/or third parties, when this is necessary in order to fulfill the rights and obligations under the Agreement and/or the General Terms of Business;
22.7. declares their express consent in principle to Deltastock to disclose their personal data to its counterparties and/or tied agents only when this is necessary: for the needs of providing the agreed Services for trading in financial instruments; and/or when assigning critical and important operational functions; and/or for the needs of implementing the Agreement, and this disclosure is carried out in compliance with the Applicable Law;
22.8. is informed and declares their explicit consent to Deltastock transferring to a third country outside the EU, namely the Republic of Kazakhstan and in particular the Astana International Financial Center (AIFC), their/her personal data contained in the Form W8-BEN-E / Form W8-BEN, intended for the US Internal Revenue Service (IRS), provided and signed by the Client. The transfer of personal data is intended for the purpose of identifying the Client as a recipient of income from the US (e.g. dividends from US stocks), as well as a taxable person who is entitled to benefit from the favorable conditions (reduced tax rate), according to the agreement for the avoidance of double taxation between the US and the country in which the Client is a taxable person (if any), and last but not least to protect the interests of the Client in relation to the US financial instruments held by them. The transfer of the Client's personal data is carried out on the basis of the Agreement from Deltastock to the Depository Institution - ITS CSD Ltd., in view of its function as a "Withholding Agent" under the US tax legislation, in order for ITS CSD Ltd. to withhold tax on paid coupon payments in relation to US financial instruments, by applying a reduced tax rate and paying them to the US tax authorities on behalf of the Client. Deltastock and ITS CSD Ltd. take all necessary measures for security and confidentiality of the Client's personal data, and only the minimum necessary data will be transferred through an electronic message exchange system over a secure VPN channel;
22.9. is informed and agrees that the transfer of their personal data to the Republic of Kazakhstan and in particular AIFC, is carried out in the absence of a decision of the European Commission on the adequacy of the level of protection, as well as in the absence of applicable appropriate guarantees within the meaning of the GDPR. Therefore, Deltastock cannot guarantee that the Republic of Kazakhstan and in particular AIFC, apply a level of personal data protection equivalent to European legislation, which means that there is a possibility that the Client's personal data will not be protected to the same extent as within the European Union;
22.10. is informed and agrees that their/her personal data, which are transferred to AIFC in the Republic of Kazakhstan based on their consent, will be processed until the withdrawal of this consent or until the termination of their Agreement with Deltastock - whichever occurs earlier;
22.11. agrees that Deltastock may report or disclose information related to the Client to a competent government authority and/or to another organization participating in a corporate event affecting the Client's financial instruments, without notifying the Client thereof, in the event that the corporate event requires Deltastock to fulfill these obligations.
23. By signing the Agreement, the Client:
23.1. gives their explicit consent:
а) Deltastock to transmit the Client's orders for execution to the multilateral trading system operated by ITS Ltd., located in a third country outside the European Union; and
b) the services and activities under the Agreement shall be considered as "services and activities carried out at the initiative of the Client";
23.2. authorises Deltastock to take the actions under Art. 9.45 of the General Terms of Business in the following sequence:
а) initially, Deltastock shall take the actions under Art. 9.45, letter "a" of the General Terms of Business, either independently or jointly with the actions under Art. 9.45, letter "d" of the General Terms of Business;
b) if the Client does not have available funds or if after taking the actions under Art. 9.45, letter "a" of the General Terms of Business there are still outstanding obligations, Deltastock shall take the actions under Art. 9.45, letter "b" of the General Terms of Business;
c) If the Client, after the expiry of the period given with the invitation under Art. 9.45, letter "b" of the General Terms of Business, does not cover their obligations to the investment intermediary, Deltastock shall take the actions under Art. 9.45, letter "c" of the General Terms of Business independently or together with the actions under Art. 9.45, letter "d" of the General Terms of Business;
23.3. agrees unconditionally and irrevocably that the storage and disposal of financial instruments, including their transfer, will be carried out in accordance with the Applicable Law and/or the internal rules of the Depository Institution (ITS CSD Ltd.);
23.4. authorizes Deltastock with the full and exclusive rights, powers and authority to perform on behalf of the Client all actions with/before the Depository Institution (ITS CSD Ltd.), which actions are related to the Client's trading in financial instruments of the MTF (ITS Ltd.) through the investment intermediary, including, but not limited to, authorizing the holding and disposal of the Client's financial instruments in the Depository Institution (ITS CSD Ltd.) in accordance with these General Terms of Business, the Agreement, the Applicable Law and the internal rules of the Depository Institution and to bind the Client to these actions;
23.5. agrees that, in accordance with the Applicable Law, telephone conversations and messages related to the acceptance, transmission and execution of Client Orders, regardless of whether the transaction has been concluded, conversations and messages via electronic means of communication related to the acceptance, transmission and execution of Client Orders, regardless of whether the transaction has been concluded, are recorded, stored and archived by Deltastock, in order to ensure the reliability and security of the information submitted and subsequently listened to in the event of discrepancies and disputes between the parties to the Agreement, as well as that they can be used as evidence;
23.6. is informed and agrees that they are responsible for the payment of any taxes and the fulfillment of other tax obligations that may become due in connection with the transaction with financial instruments;
23.7. is informed and agrees that in the event of expenses due from the Client other than the remuneration provided for in the Tariff, when such expenses have arisen as a result of and in accordance with the Applicable Law, and such expenses are paid directly by Deltastock and/or through the Depository Institution, Deltastock has the right to receive reimbursement from the Client of all paid expenses due from the Client, regardless of whether the investment intermediary paid them personally or the expense was paid by the Depository Institution, and the intermediary subsequently reimbursed the funds of this institution. In this case, Deltastock has the rights under Art. 11.9 of the General Terms of Business, and all expenses, including fees and commissions, payable in connection with the reimbursement of the expense are at the expense of the Client;
23.8. is informed and agrees that in the cases under Art. 11.9 of the General Terms of Business, if the Client's obligation to Deltastock for reimbursement of the incurred expense and the amount on their trading account are in different currencies, Deltastock is deemed tacitly authorised by the Client to perform an exchange at the Current Market Prices in order to perform the reimbursement of the expense;
23.9. is informed and agrees that in the cases under Art. 11.10 of the General Terms of Business, when Deltastock or the Depository Institution pays taxes, fees, charges or other expenses on behalf of a Client in accordance with the Applicable Law, the Client is liable for reimbursement of the expense in accordance with Art. 11.9 of the General Terms of Business;
23.10. gives their unconditional consent to be credited and directly debited to their account with Deltastock with all negative and positive price differences arising as a result of the Orders submitted by them or persons authorised by them and the Transactions concluded, respectively executed, at their expense and risk.
24. By signing the Agreement, the Client makes all declarations and declares all consents under the General Terms of Business not mentioned above.
25. The Agreement concluded between Deltastock and the Client shall be amended and supplemented with the express written consent of the parties in the form of an additional agreement, except for the cases of Art. 26 and 27 of this Agreement.
26. The General Terms of Business are amended and supplemented in the manner and manner specified therein without the need for an explicit signing of an additional agreement between the parties. The procedure for amending the General Terms of Business is as follows:
26.1. Deltastock reserves the right to change (amend and/or supplement) the General Terms of Business or to adopt new ones. In this case, at least 1 (one) month before the amendments come into force, Deltastock shall notify the Client thereof to the email address specified by them and publish the document on its website. The changed General Terms of Business shall also contain information about the date of their adoption and the date of their entry into force.
26.2. If within the one-month period the Client does not explicitly and in writing object to the amended or new General Terms of Business through the durable medium declared by them, they shall bind them without the need for any additional declaration of will on their part.
26.3. In case of opposition from the Client, the rules for termination of the Agreement under Art. 14.3.1, letter "d" of the General Terms of Business shall apply.
27. The documents under Art. 19.2 – Art. 19.10 of this Agreement shall be amended in the manner and manner specified in the General Terms of Business, without the need for an explicit signing of an additional agreement between the parties.
27.1. The procedure for changing the Tariff is as follows:
а) Deltastock may at any time change the interest, fees and commissions that it charges and collects from the Client's accounts during the performance of the Agreement with them after prior notification to the Client and change of the Tariff. The notification shall be made no less than one (1) month before the change enters into force by publication on the Website.
b) If, within the one-month period of the notification of the change, the Client does not object explicitly and in writing (including by means of a message sent as a scanned document addressed to Deltastock) to the change in the Tariff, it shall be binding on them without the need for any additional declaration of will on their part.
c) In case of opposition from the Client, the rules for termination of the Agreement under Article 14.3.1, letter "d" of the General Terms of Business shall apply.
27.2. The procedure for amending the documents under Art. 19.3 – Art. 19.10 of this Agreement is as follows:
а) Deltastock reserves the right to change (amend and/or supplement) the documents under Art. 19.3 – Art. 19.10 of this Agreement. In this case, at least 7 (seven) days before the amendment to the relevant document enters into force, Deltastock shall notify the Client thereof at the e-mail address specified by the Client and publish the document on its website.
b) If within the seven-day period the Client does not explicitly object to the amendments or the new version of the amended document through the declared durable medium, it shall be binding on them without the need for any additional declaration of will on their part.
c) In case of opposition from the Client, the rules for termination of the Agreement under Art. 14.3.1, letter "d" of the General Terms of Business shall apply.
27.3. Deltastock cannot execute Client Orders if the Client has not given their prior consent to the amendment of the Policy of Deltastock for the execution of client orders, applicable to Agreements for brokerage services.
28. The Agreement is terminated in the manner and procedure specified in the General Terms of Business.
29. Regarding the rights, obligations and responsibilities of the parties, as well as regarding the nature and features of the services offered under this Agreement, as well as for all issues not expressly regulated in this Agreement, the General Terms of Business in their respective current version shall apply.
30. Deltastock, in accordance with Art. 79, Para. 5, Item 3 of the MiFIA, hereby notifies the Client that the provisions of Art. 6.22, Art. 6.23 and Art. 6.24 of the General Terms of Business shall be considered a standardised written form for notifying the Client that the investment intermediary will not perform an assessment of appropriateness. Notwithstanding the above, Deltastock warns that before submitting an Order, the Client should assess whether the offered Service is suitable for them in view of their knowledge and experience.
31. Where the Client is a natural person acting outside the scope of their commercial or professional activity, and the Agreement is concluded by any of the following means: a) in absentia from a distance by electronic means, by electronic statement, electronic document or electronic signature or b) in absentia from a distance by exchange of the necessary documents signed by the parties, with the Client signing in the presence of a notary who certifies this circumstance, the Distance Marketing of Financial Services Act (DMFSA), which transposes into Bulgarian law the provisions of Directive 2002/65/EC of the European Parliament and of the Council on the distance selling of financial services, will also apply to the Agreement.
In this case:
31.1. Deltastock fulfills its obligations under Chapter Three of the DMFSA through the documents under Art. 19 of the Agreement.
31.2. By signing the Agreement, the Client declares that:
а) gives prior consent under Art. 17, para. 1 of the DMFSA for the use of means of remote communication by Deltastock;
b) gives their explicit consent to the performance of the Agreement to begin before the expiration of the period for exercising the right of withdrawal under Article 14.1.3 of the General Terms of Business, and with this consent they do not lose their right to withdraw from the concluded agreement;
c) is notified, in accordance with Art. 8, para. 1, item 2, letter "c" of the DMFSA, that the financial service provided by Deltastock, subject to this Agreement and the General Terms of Business applicable thereto, is related to instruments that involve special risks arising from their specificity or from the operations to be carried out, or whose price depends on fluctuations in the financial markets, over which Deltastock cannot influence, and that the results achieved to date do not allow for reliable forecasts.
32. Deltastock notifies the Client in Appendix No. 1 of the result of its initial categorisation.
The change of the specified category is carried out at the request of the Client and/or at the initiative of Deltastock.
The Client, regardless of their category, has the right to request a different categorization, and this right is not limited to any of the stages in which the contractual relations between the Client and Deltastock are.
Deltastock is not obliged to honor the Client's request for re-categorisation.
The categorisation procedure provided for each category, as well as the right and procedures for changing the category, are regulated in the "Client Categorisation Rules of Deltastock".
By signing the Agreement, the Client declares that they are informed that any change in the category will lead to a change in the level of protection provided to them, according to the regulatory and Contractual provisions, and in particular in its limitation when changing from a category with a higher to a category with a lower level of protection.
33. By signing the Agreement, the Client declares that if they are categorised as a Retail Client:
33.1. is informed that they have the right to request to receive all information required under the MIFIA on paper;
33.2. agrees to receive from Deltastock the information on costs and fees without undue delay after concluding the transaction for the purchase or sale of a financial instrument through means of remote communication.
34. By signing the Agreement, the Client declares that they are informed that if they are categorised as a Professional Client:
34.1. Deltastock will not provide them with information about the types of costs and fees for the client and their amount, including the information under Art. 19.9 of the Agreement;
34.2. has free access to information on the types of costs and fees for the client and their amount, including the information under Art. 19.9 of the Agreement, which is published on the Internet site;
34.3. Deltastock will not provide them with reports on the services provided on a durable medium in accordance with Delegated Regulation (EU) No. 2017/565, unless the Client states to the investment intermediary in electronic format or on paper that they wish to receive these reports;
34.4. has the right to declare to Deltastock in electronic format or on paper that they wish to receive the reports under Art. 34.3.
35. Deltastock does not provide the Client with advice, including investment advice, neither in making their investment decisions nor in relation to regulatory, legal and/or tax matters.
Deltastock does not provide investment advice to the Client. The Client places Orders at their own discretion and initiative.
36. By signing the Agreement, the Client declares that they are informed and accept that:
36.1. The client has contractual relations only with Deltastock;
36.2. The Client has no contractual relations with MTF, operated by ITS Ltd., and with the Depository Institution - ITS CSD Ltd;
36.3. The Client has no right to communicate personally with ITS Ltd. and/or ITS CSD Ltd., their managers and employees.
37. Deltastock does not submit for execution the Client's Trading Orders outside a trading venue, namely on an over-the-counter (OTC) market.
38. By signing the Agreement, the Client accepts and agrees that they may file a complaint with Deltastock only in person, and not through another person, even when this person is an attorney, lawyer or third party.
39. An integral part of this Agreement are:
39.1. The General Terms of Business in the relevant current version;
39.2. The Tariff in the relevant current version;
39.3. Appendix No. 1, Appendix No. 2 and Appendix No. 3 to the Agreement for brokerage services.
Both parties signed and received this Agreement.
Appendix
Applicable to Agreement for Trading in CFDs No
CLIENT INFORMATION
Full name:
Date of Birth:
Citizenship:
Passport/ID Card No:
Issue date:
Issued by:
Permanent Address: , ,
Correspondence Address: , ,
Mobile Phone Number:
INFORMATION DISTRIBUTION METHODS
I declare that I wish to receive the information which Deltastock is obliged to provide to its clients via email:
Additional Information Distribution Methods: Paper
Declaration for a Politically Exposed Person and their related persons
I do not fall/
I fall within the following category as per art. 36, para. 2 of MAMLA
In the last 12 months I have not been/
I have beenin the following category as per art. 36, para. 2 of MAMLA
I do not fall/
I fallwithin the following category as per art. 36, para. 5 of MAMLA
In the last 12 months I have not been/
I have beenin the following category as per art. 36, para. 5 of MAMLA
I am aware that in the event of a change in the above circumstances I must immediately submit a new declaration.
DECLARATIONS
By completing and signing the account opening application, I declare that:
I am informed that I hereby accept and agree to be categorised by Deltastock as retail client.
I am informed that I have the right to request a change in my classification to a “professional client” status, as well as that any such change will result in a lower level of protection.
I have read the Client Categorisation Rules of Deltastock applied by Deltastock and accept them.
I have read and accept the General Terms and the Tariff of Interest Rates, Fees and Commissions, which are an integral part of the Agreement.
I have read and accept the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock.
I have read and accept the information included in the supporting documents of the Agreement and the General Terms.
Deltastock provided me in a timely manner with the KIDs of the financial instruments offered by Deltastock which fall within the scope of the definition of “packaged retail and investment products” through the website www.deltastock.com. I declare that all subsequent KIDs and/or the changes to the already available KIDs shall be provided to me through the intermediary’s Website.
The information provided by me is credible and accurate in order for Deltastock to be able to assess whether the requested service is suitable for me.
According to the information provided in the account opening application, I am informed that based on the Deltastock’s assessment, the service I apply for:
is suitable for me
is not suitable for me, and I should take the necessary time to familiarise myself in more detail about the specifics of margin trading in financial instruments and the risks involved.
I provide my identification data and ID documents for the purpose of concluding an agreement with Deltastock of my own free will and not under duress or coercion.
Against me aren’t / are pressed charges for terrorism or financing of terrorism or criminal activities, blocked assets, mine or of persons related to me, in connection with measures against financing of terrorism and/or notifications of suspicion of money laundering and/or presence of money acquired through criminal activities.
I am aware that the first deposit to my trading account can be made only through a bank account opened in my name in a credit institution in the Republic of Bulgaria, another EU member state, or a bank in a third country whose legal framework contains requirements corresponding to the requirements of MAMLA, in taking in consideration the risk level of this third country and the application of the measures for counteraction to money laundering and financing of terrorism, conforming to this level of risk, the presence of the full volume of similar measures as required by the Financial Action Task Force (FATF) and their effective application.
I am aware that if I want to deposit funds to my trading account with a card, I can make this deposit only with a credit or debit card issued in my name through a bank account opened in my name in a credit institution in the Republic of Bulgaria, another EU member state, or a bank in a third country whose legal framework contains requirements corresponding to the requirements of MAMLA, in taking in consideration the risk level of this third country and the application of the measures for counteraction to money laundering and financing of terrorism, conforming to this level of risk, the presence of the full volume of similar measures as required by the Financial Action Task Force (FATF) and their effective application.
I voluntarily provide to the Introducing Broker trading-house Broker GmbH, Germany (Reg. Number HRB 141352, BaFin ID 134461) access to my personal data, insofar as this is necessary for the purpose of providing the agreed services and the execution of the agreement between Deltastock and me as a whole.
CLIENT ACCOUNT DETAILS
With this Appendix I hereby declare that I wish to open a new account as follows:
Electronic Trading Platform in which the account is to be opened: Delta Trading™
I wish my account for trading in Assets to be in one of the following currencies:
USD
EUR
GBP
CHF
RON
Electronic Trading Platform in which the account is opened: Deltastock MetaTrader 5
I wish my account for trading in Assets to be in one of the following currencies:
USD
EUR
Appendix
Applicable to Agreement for Trading in CFDs No
CLIENT INFORMATION
Full name:
Date of Birth:
Citizenship:
Passport/ID Card No:
Issue date:
Issued by:
Permanent Address: , ,
Correspondence Address: , ,
Mobile Phone Number:
INFORMATION DISTRIBUTION METHODS
I declare that I wish to receive the information which Deltastock is obliged to provide to its clients via email:
Additional Information Distribution Methods: Paper
Declaration for a Politically Exposed Person and their related persons
I do not fall/
I fall within the following category as per art. 36, para. 2 of MAMLA
In the last 12 months I have not been/
I have beenin the following category as per art. 36, para. 2 of MAMLA
I do not fall/
I fallwithin the following category as per art. 36, para. 5 of MAMLA
In the last 12 months I have not been/
I have beenin the following category as per art. 36, para. 5 of MAMLA
I am aware that in the event of a change in the above circumstances I must immediately submit a new declaration.
DECLARATIONS
By completing and signing the account opening application, I declare that:
I am informed that I hereby accept and agree to be categorised by Deltastock as retail client.
I am informed that I have the right to request a change in my classification to a “professional client” status, as well as that any such change will result in a lower level of protection.
I have read the Client Categorisation Rules of Deltastock applied by Deltastock and accept them.
I have read and accept the General Terms and the Tariff of Interest Rates, Fees and Commissions, which are an integral part of the Agreement.
I have read and accept the Policy for Execution of Client Orders Applicable to the Agreements for Trading in CFDs of Deltastock.
I have read and accept the information included in the supporting documents of the Agreement and the General Terms.
Deltastock provided me in a timely manner with the KIDs of the financial instruments offered by Deltastock which fall within the scope of the definition of “packaged retail and investment products” through the website www.deltastock.com. I declare that all subsequent KIDs and/or the changes to the already available KIDs shall be provided to me through the intermediary’s Website.
The information provided by me is credible and accurate in order for Deltastock to be able to assess whether the requested service is suitable for me.
According to the information provided in the account opening application, I am informed that based on the Deltastock’s assessment, the service I apply for:
is suitable for me
is not suitable for me, and I should take the necessary time to familiarise myself in more detail about the specifics of margin trading in financial instruments and the risks involved.
I provide my identification data and ID documents for the purpose of concluding an agreement with Deltastock of my own free will and not under duress or coercion.
Against me aren’t / are pressed charges for terrorism or financing of terrorism or criminal activities, blocked assets, mine or of persons related to me, in connection with measures against financing of terrorism and/or notifications of suspicion of money laundering and/or presence of money acquired through criminal activities.
I am aware that the first deposit to my trading account can be made only through a bank account opened in my name in a credit institution in the Republic of Bulgaria, another EU member state, or a bank in a third country whose legal framework contains requirements corresponding to the requirements of MAMLA, in taking in consideration the risk level of this third country and the application of the measures for counteraction to money laundering and financing of terrorism, conforming to this level of risk, the presence of the full volume of similar measures as required by the Financial Action Task Force (FATF) and their effective application.
I am aware that if I want to deposit funds to my trading account with a card, I can make this deposit only with a credit or debit card issued in my name through a bank account opened in my name in a credit institution in the Republic of Bulgaria, another EU member state, or a bank in a third country whose legal framework contains requirements corresponding to the requirements of MAMLA, in taking in consideration the risk level of this third country and the application of the measures for counteraction to money laundering and financing of terrorism, conforming to this level of risk, the presence of the full volume of similar measures as required by the Financial Action Task Force (FATF) and their effective application.
CLIENT ACCOUNT DETAILS
With this Appendix I hereby declare that I wish to open a new account as follows:
Electronic Trading Platform in which the account is to be opened: Delta Trading™
I wish my account for trading in Assets to be in one of the following currencies:
USD
EUR
GBP
CHF
RON
Electronic Trading Platform in which the account is opened: Deltastock MetaTrader 5
I wish my account for trading in Assets to be in one of the following currencies:
USD
EUR
Appendix No 1
To Agreement for Brokerage Services No
I. CLIENT INFORMATION
Full name:
Date of Birth:
Citizenship:
Passport/ID Card No:
Issue date:
Issued by:
Permanent Address: , ,
Correspondence Address: , ,
Phone Number:
II. DURABLE MEDIUM
I declare that I wish to receive the information which Deltastock is obliged to provide to its clients on durable medium - email:
Additional durable medium:
paper
III. DECLARATION as per Article 42, paragraph 2, pt. 2 of MAMLA (for a politically exposed person and their related persons)
I do not fall/
I fall within the following category as per art. 36, para. 2 of MAMLA
In the last 12 months
I have not been/
I have beenin the following category as per art. 36, para. 2 of MAMLA
I do not fall/
I fallwithin the following category as per art. 36, para. 5 of MAMLA
In the last 12 months
I have not been/
I have beenin the following category as per art. 36, para. 5 of MAMLA
I am aware that in the event of a change in the above circumstances I must immediately submit a new declaration.
IV. DECLARATIONS
By completing and signing the account opening application, I declare that:
I am informed that I hereby accept and agree to be categorised by Deltastock as retail client.
I am informed that I have the right to request a change in my classification to a “professional client” status, as well as that any such change will result in a lower level of protection.
I have read the Client Categorisation Rules of Deltastock applied by Deltastock and accept them.
I am aware of my responsibility to notify Deltastock upon any changes in the data related to determining my categorisation as a client.
I have read and accept the General Terms of Business applicable to the Agreements for brokerage services of the investment intermediary Deltastock and the Tariff for brokerage services of the investment intermediary Deltastock, which are an integral part of the Agreement.
I have read and accept the Policy of Deltastock for the execution of client orders, applicable to Agreements for brokerage services.
I have read and accept the information included in the supporting documents of the Agreement and the General Terms of Business of Deltastock.
I am aware and understand that Deltastock will not conduct a suitability assessment in my case because the conditions under Art. 79, para. 5 of the MiFIA are simultaneously met.
I provide my identification data and ID documents for the purpose of concluding an agreement with Deltastock of my own free will and not under duress or coercion.
Against me
are not /
are pressed charges for terrorism or financing of terrorism, proliferation of weapons of mass destruction, or criminal activities, blocked assets, mine or of persons related to me, in connection with measures against financing of terrorism, proliferation of weapons of mass destruction, and/or notifications of suspicion of money laundering and/or presence of money acquired through criminal activities.
I hereby declare that I am aware that the first deposit to my trading account can be made only through a bank account opened in my name in a credit institution in the Republic of Bulgaria, another EU member state, or a bank in a third country whose legal framework contains requirements corresponding to the requirements of MAMLA, in taking in consideration the risk level of this third country and the application of the measures for counteraction to money laundering and financing of terrorism, conforming to this level of risk, the presence of the full volume of similar measures as required by the Financial Action Task Force (FATF) and their effective application.
I hereby declare that I am aware that if I want to deposit funds to my trading account with a card, I can make this deposit only with a credit or debit card issued in my name through a bank account opened in my name in a credit institution in the Republic of Bulgaria, another EU member state, or a bank in a third country whose legal framework contains requirements corresponding to the requirements of MAMLA, in taking in consideration the risk level of this third country and the application of the measures for counteraction to money laundering and financing of terrorism, conforming to this level of risk, the presence of the full volume of similar measures as required by the Financial Action Task Force (FATF) and their effective application.
I declare that I expressly consent: a) to Deltastock transmitting my orders for execution to the multilateral trading facility operated by ITS Ltd., located in a third country outside the European Union; and b) to consider the services and activities under the contract as "services and activities performed at the initiative of the Client".
V. CLIENT ACCOUNT PARAMETERS
With this Appendix, I declare that I wish to open a new account in one of the following currencies:
USD EUR
Appendix No 2
To Agreement for Brokerage Services No
Personal data transfer notice
Deltastock is a joint-stock company with UIC 12804280, with its registered office and registered office in the Republic of Bulgaria, Sofia, p.k. 1407, Lozenets district, Lozenets residential district, 6 Korab Planina Str., with contact details specified below (hereinafter referred to as the “Administrator”), processes your personal data contained in form W-8BEN. The processing is carried out for the purpose of fulfilling legal obligations and tax legislation requirements related to the brokerage services agreement concluded between you and the Administrator. The basis for this processing is Art. 6, para. 1, letter “b” (legal obligation) of the General Data Protection Regulation (GDPR).
As part of this processing and only with your consent, the Administrator may transfer the personal data contained in the W-8BEN form to authorities and structures in the Astana Free Economic Zone, Republic of Kazakhstan - a country outside the European Economic Area, in order to provide you with the opportunity to benefit from the application of the double taxation agreement between the United States and the country in which you are a taxable person, as well as to protect your interests related to the acquisition of American financial instruments. The transfer of personal data in this case is carried out on the basis of Art. 49, para. 1, letter "a" (consent) of the GDPR.
The personal data about you that will be subject to transfer are as follows:
Full name;
Permanent residence address;
Citizenship;
Postal address (if different from the permanent)
Country of tax residence;
Tax Identification Number (TIN), issued by the country of tax residence - if applicable;
Identification credentials in connection with a US tax ID number (if you have one);
Explicit declaration that you are a recipient of income from the US and that you are a taxable person claiming a favorable tax regime/reduced rate under a treaty;
Date and signature;
Other data that W-8BEN requires and that are necessary for the valid application of the agreement, including information regarding the type of income (dividends, capital gains, other income), accounting/account number (account, etc.), as well as any additional information that the form requires for classification as a "beneficial owner" and for claiming the right to tax relief.
The purpose of the transfer is to identify you as a recipient of income from a source in the US and as a taxable person who is entitled to benefit from a reduced tax rate under the applicable double taxation treaty between the US and your country of tax residence, as well as to protect your interests in relation to the US financial instruments held.
The transfer of personal data is carried out in connection with the functions of ITS Central Securities Depository" Limited as a "Withholding Agent" within the meaning of US tax law, which is obliged to withhold the relevant tax on income paid (e.g. coupon payments) from US financial instruments, to apply the reduced tax rate, where applicable, and to remit this tax on behalf of the client to the US tax authorities.
You have the following rights with regard to the processing of your personal data:
the right to access, rectify or erase your personal data or restrict their processing;
the right to object to processing;
the right to data portability;
the right to withdraw your consent to the transfer of personal data to the Republic of Kazakhstan at any time, without affecting the lawfulness of the processing carried out on the basis of consent before its withdrawal;
the right to file a complaint with the Personal Data Protection Commission.
All necessary security and confidentiality measures will be observed, and only the minimum necessary data will be transferred via an electronic messaging system over a secure VPN channel.
Please note that the transfer of your personal data to the Republic of Kazakhstan, in particular to the free economic zone, is carried out in the absence of a decision of the European Commission on the adequacy of the level of protection, as well as in the absence of applicable appropriate guarantees within the meaning of the GDPR. Therefore, the Administrator cannot guarantee that the Republic of Kazakhstan applies a level of personal data protection equivalent to European legislation, which means that there is a possibility that your personal data will not be protected to the same extent as within the European Union.
Your personal data, which is transferred to the Astana Free Economic Zone in the Republic of Kazakhstan on the basis of your consent, will be processed until the withdrawal of this consent or until the termination of your brokerage contract with us - whichever occurs first.
You can obtain further information regarding the above by contacting us at email dataprotection@deltastock.com and phone +3592 401 14 75.
I expressly consent to Deltastock transferring my personal data contained in Form W-8BEN to the Astana Free Economic Zone in the Republic of Kazakhstan for the purpose of applying international tax legislation, certifying to the US tax administration that I am not a taxable person in the US, as well as for the possibility of applying a reduced tax rate in accordance with the double taxation agreement between the US and the country of my tax residence.
Appendix No 3
To Agreement for Brokerage Services No
Order form
Date and time
Agreement number
Instrument Identifier
Buy/Sell
Quantity
Single Price
Currency
Price
Value
Type of Order
Order Validity
I declare that the financial instruments - subject of the sale order - are available in my account and are not blocked in a depository institution, and that no pledge or seizure has been established on them.
Self-certification for the purpose of the automatic exchange of financial information under Art. 142t, para. 1 of the Tax and Social Security Procedure Code (TSSPC) from
Part 1. Name of the Account Holder - individual
First name:
Middle name:
Last name:
Part 2. Residential address
Country:
City or town:
Address (District, Street, No, Floor, Apt):
Postal code:
Part 3. Date and place of birth
Date of birth:
Place of birth:
Country:
City or town:
Part 4. Nationality
Nationality:
If the Account Holder has more than one nationality (including green card in the case of USA), please mark with an “X” and list in the field below all countries of which the Account Holder is a citizen. X
Other nationality:
Part 5. Jurisdiction of tax residence and Tax Identification Number (TIN)
Jurisdiction of which the Account Holder is a resident for tax purposes:
Tax Identification Number issued by that Jurisdiction:
If the Account Holder is a Bulgarian tax resident, please fill in the Unified Civil Number (UCN), Personal Number of a Foreigner (PNF) or official number issued by the NRA.
Part 6. If the Account Holder is a tax resident of more than one Jurisdiction, please fill in information for each Jurisdiction separately. If necessary multiply the table.
Other Jurisdiction of which the Account Holder is a resident for tax purposes:
City or town:
Address (District, Street, No, Floor, Apt):
Postal code:
Tax Identification Number issued by that other Jurisdiction:
Other information:
I declare that the provided information is true, correct, complete and submitted voluntarily. I undertake the obligation to inform immediately Deltastock in writing in case of any change to that information and to provide any other data or documents, if necessary.
I agree Deltastock to process, store, use and disclose my personal data to third parties in cases provided by law and I confirm that I have received the information under Art. 19, para. 1 of Personal Data Protection Act.
I declare that I am notified about the possibility the information under Art. 142b of TSSPC containing my personal data, account balance or value as well as the derived income to be subject to automatic exchange of financial information under chapter sixteen, section IIIa of the TSSPC and to be reported to the Jurisdiction/s of which I am a tax resident in pursuance of the international commitments of the Republic of Bulgaria.
I am aware of the penal liability under Art. 313 of the Penal Code for declaring of false information.
Date: Signature:
Declaration
I, the undersigned
Hereby declare that:
1. Give my explicit consent for Deltastock AD to provide to ZuluTrade (Triple A Experts Investment Services Single Member Société Anonyme) a copy of my identity document, a copy of a document certifying my address, as well as periodic information on the trades concluded by me over a certain period of time, on the grounds of the existing contractual relationships related to trading in financial instruments between ZuluTrade and me and Deltastock AD and me;
2. I am aware that my Deltastock account for trading in financial instruments will not be active until ZuluTrade (Triple A Experts Investment Services Single Member Société Anonyme) does not inform Deltastock AD officially for the establishing of contractual relationships between ZuluTrade (Triple A Experts Investment Services Single Member Société Anonyme) and me;
3. I am aware that I am obliged to immediately inform Deltastock AD of the termination of the contractual relationships related to trading in financial instruments between ZuluTrade (Triple A Experts Investment Services Single Member Société Anonyme) and me;
4. ZuluTrade (Triple A Experts Investment Services Single Member Société Anonyme) shall manage my trading account based on the existence of contractual relationships related to trading in financial instruments between myself and ZuluTrade, including it will place trading orders on my behalf and on my account.
