Terms & Conditions
OTT Financial Canada Inc. (“OTT ”), is a Canadian discount broker and a regulated member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Canadian Investor Protection Fund (“CIPF”), Ontario Securities Commission (“OSC”), the British Columbia Securities Commission (“BCSC”) and the Autorité des Marchés Financiers (“AMF”) . OTT acts as an introducing broker to our Carrying Broker – Interactive Brokers Canada Inc.(“IBC”) which offers one of the largest electronic global trading platforms through its parent company Interactive Brokers LLC,. IBC handles all back office, clearing and trading functions for OTT.
OTT is an Introducing broker to Interactive Brokers Canada, Inc. (IBC), its Carrying broker. All accounts are accepted solely at the discretion of OTT. The Company offers no investment advice or trading recommendations regarding any listed securities, listed options and Foreign Exchange (FOREX); and we will not be responsible for making a suitability determination of your trades in any of these products when accepting orders from you.
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.
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.
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. 2019. 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.
Trade Names 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 trade names 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.
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.
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.
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.
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.
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. OTT endeavors to keep the commissions and fees posted on this website or its trading platforms current.
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. Whereas French is also accepted as an official in circumstances warranted when French is the only chosen language especially within the province of Quebec.