TERMS OF USE
TERMS & CONDITIONS
By visiting https://www.ottfx.com, you agree to the terms of use that apply to your access and use of this website. These terms of use are in addition to the terms of the Client Agreement that governs your account with OTT Financial Canada Inc. (“OTT” or “the Company”). OTT reserves the right to change these terms and conditions at its sole discretion.
OTT is a registered investment dealer in Ontario and British Columbia offering “order-execution only” trading in OTC derivatives . It is a Dealer Member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and a member of the Canadian Investor Protection Fund (“CIPF”).
OTT is an introducing broker to Questrade, Inc., its carrying broker. All accounts are accepted solely at the discretion of OTT. The Company offers no investment advice or trading recommendations regarding any security or securities product, including OTC derivatives such as foreign exchange contracts and contracts-for-difference; and we will not be responsible for making a suitability determination of your trades in any of these products when accepting orders from you.
LEGAL DISCLAIMER
All OTT products and services are subject to the terms of the applicable agreements governing their use. This website is for informational purposes only, and does not constitute an offer or solicitation to persons to whom it is unlawful to make such a solicitation; or to persons in any jurisdiction in which such an offer or solicitation is not authorized.
OTT is an “order-execution only” broker. Your orders are accepted on an unsolicited basis, and OTT will not consider your financial situation, investment knowledge, trading experience or risk tolerance in the course of accepting your orders or otherwise servicing your account.
SYSTEMS DISCLAIMER
Account access and response time of OTT’s desktop, web or mobile trading applications or platforms; and OTT’s telephone trading facility (collectively “trading systems”) may be adversely affected by market conditions, system performance, and other factors. Interruptions, errors or other deficiencies in service may occur through factors which are outside the control of OTT, including:
(i) interruptions in the accessibility of the Internet or telephone exchange;
(ii) system failures or outages in the facilities of our carrying broker or third-party service provider (including data providers and back office service providers); or
(iii) market conditions that may result in general market volatility, or volatility creating heavy demand on OTT’s trading systems and high volumes of trading activity.
Your use of the services provided by OTT are subject to the following terms and conditions:
Limitation on Liability
As the user of OTT’s trading systems, you agree to hold OTT, its shareholders, directors, officers, employees, agents and suppliers harmless from and against any liability for losses incurred as the result of trading activity in your account, or in reliance upon any aspect of OTT’s trading systems, and you agree that OTT has no duty to review your account or supervise your trading activity. You further agree that OTT will not be liable for any loss or damage resulting from your use of OTT’s trading systems, including but not limited to loss or damage resulting from failure of electronic or mechanical equipment or communications lines, the Internet, telephone or other connectivity issues, power failure, or third-party system failure.
No Liability for Market Data and News
With respect to all information provided in or linked to through this website (“website content”), including information such as market data (defined as price and trade-related data for financial products) and financial news reports provided by OTT and other sources, OTT makes no warranties of any kind, express or implied, as to their accuracy or completeness and shall not be liable for any loss arising out of your use of this information, including without limitation any indirect or consequential damages.
COPYRIGHT
All website content, including market data and financial news reports are protected by copyright and each provider of this information reserves all proprietary and intellectual property rights therein. You shall not reproduce, retransmit, disseminate, sell, rent, distribute, publish, broadcast, circulate or commercially exploit any content provided through this website in any manner or furnish it to any other person without the prior written consent by OTT and the relevant provider. You agree that the terms of this Agreement may be enforced directly against you by OTT and each relevant provider of the website content. The information on this web site is protected by copyright: Copyright – OTT Financial Canada Inc. 2016. All rights reserved.
Except as specifically permitted herein, no portion of the information on this website may be reproduced in any form or by any means without the prior written consent of OTT.
TRADENAMES AND TRADEMARKS NOTICE
OTT and OTTFX are registered trade names; and the OTT Logo is the registered trademark, of the Company. All other product, brand and company names and logos used or mentioned on the OTT website may be the registered tradenames or trademarks of their respective owners. Any use of any trademarks appearing on the OTT website without the express written consent of the owner of the trademark is strictly prohibited.
USE OF WEBSITE
The information on this website is subject to change without notice. OTT is not liable for any damages (direct, indirect, special or consequential), however resulting from your use of this website or the information on the website.
PRIVACY POLICY
In the normal course of OTT’s business operations, individuals seeking to access its products and services are required to provide OTT with certain personal, factual or subjective information about them. In plain language, this is any information that can be used to identify you individually and contact you. It includes, but is not limited to, personal and financial details such as name, address, age, citizenship, ID numbers, income, net worth, credit and employment history (herein collectively referred to as “personal information”), etc.
Under the Personal Information Protection and Electronic Documents Act (“PIPEDA”), OTT must obtain your consent when it collects, uses, or discloses your personal information. You may withdraw your consent at any time, but please note that it may affect our ability to continue providing you with the products and services that you have or would like to receive.
You have a right to access your information held by OTT and to challenge its accuracy. Personal information can only be used for the purposes for which it was collected. If OTT is going to use it for another purpose, consent must be obtained again.
We respect and protect the privacy of every client and encourage you to read our Privacy Policy which describes OTT’s personal information handling practices. This will help you understand how we protect, collect, use and disclose your information; and your right to correct and access your information.
The Company’s Privacy Policy may be amended from time to time. You are provided with this Privacy Policy Statement when you open your account at OTT and the current version is available on our website for review.
COOKIE POLICY
OTT uses cookies and other tracking mechanisms to enhance the user experience of its website by customizing features to store your preferences and avoid re-entry of data; to facilitate your use of mobile applications; to enable us to conduct research and analysis on web metrics and to offer, and track responses to, online promotions.
Cookies stored on your web browsers by OTT are not shared with third parties. You can opt out of accepting these cookies by resetting your browser preferences.
Third-party vendors who advertise on the OTT website may use cookies to collect your details and other data on website visits in order to market or promote goods and services of particular interest to you. The Network Advertising Initiative provides information on this practice and how to opt out at http://www.networkadvertising.org/managing/opt_out.asp. The Google ad and content network privacy policy accessible at http://www.google.com/privacy_ads.html provides information on Google's DoubleClick DART cookie opt-out.
LINKS TO NON-OTT WEBSITES
OTT makes no representations whatsoever about any third-party website which you may access through us, including without limitation any website whose services may be described or offered on the OTT site. Links to third-party websites on the OTT website are for client convenience and easy access to information, and shall not be construed as OTT endorsing or accepting any responsibility for the content or use of such website.
Once you access those links you will leave the OTT website and be re-routed to the third-party website. We do not control third-party sites or their privacy practices, which may differ from our policies. We make no endorsement, representation or warranty about third-party websites. The personal data that you choose to provide third-parties is not covered by the OTT Privacy Policy.
You should review the privacy policy of any third-party website before submitting your personal data. Some third-party entities may choose to share your data with OTT in which case your personal data will be governed by the privacy practices of the disclosing third-party entity.
ANTI-SPAM POLICY
Canada’s Anti-Spam Legislation (“CASL”) went into effect on July 1, 2014 to regulate business conduct performed through electronic means. It applies to businesses in Canada and businesses that send Commercial Electronic Messages (“CEMs”) to Canadian residents.
A CEM is any electronic message that encourages participation in a commercial activity, such as e-mail, text messages, voicemail, social media communications, etc. about a promotion or sale. All electronic messages sent in connection with a commercial activity require consent from recipients. Directors and officers at OTT are responsible for ensuring that the CEMs sent by the Company are in full compliance with CASL before being delivered.
COMPUTER SECURITY
It is your responsibility to take precaution with computer security scan for items such as viruses, worms, Trojan horses, malware, spyware, adware and other items of a destructive nature. In addition, you are responsible for ensuring that you have secured a complete and current backup of the information on your computer system before accessing and using this website.
COMMISSIONS AND FEES
Any introduction of, or change to, operating charges including service fees related to the administration of your account will come into effect with sixty (60) days’ notice to you. However, interest charges and transaction charges; including commissions and spreads, are subject to change at any time without notice. The Company endeavors to keep the commissions and fees posted on this website or its trading platforms current.
GOVERNING LANGUAGE
Any non-English version of our website content has been provided for your convenience and represents an unofficial translation of the English text. In the event of discrepancy the English version shall govern.
GOVERNING LAW
Except as otherwise provided in an agreement with OTT, the laws of the province of Ontario and the laws of Canada applicable therein govern the interpretation, validity and effect of the provisions of this agreement notwithstanding any conflict of laws or provisions of your domicile, residence or physical location. You consent and submit to the jurisdiction of the courts of the province of Ontario in any action or proceeding instituted under or related to this agreement.
OTT Financial Canada Inc. (“OTT” or “OTTFX”) is a Canadian discount broker specializing in order-execution only services in over-the-counter derivatives; including currencies, commodities, and indices (also known as “Contracts-for-Difference” or “CFDs”). OTT is registered with securities regulators in Ontario and British Columbia. We are a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). OTT and does not provide investment advice or recommendations regarding the purchase or sale of any CFD. OTT is compensated through the bid-ask spread; commission and rollover costs may also apply subject to account pricing, product traded and holding period.