Global Access Terms & Conditions

These terms and conditions (‘T&Cs’) set forth the rights, obligations, relationships of INDmoney Global (IFSC) Private Limited (‘Introducing Broker’), and the Customer. The INDmoney Global is acting in a limited capacity of introducing broker and the Customer hereby agrees to abide by these T&Cs, pursuant to which Customer is been introduced by INDmoney Global to US SEC registered broker – dealer (‘Broker Dealer’).
The Customer acknowledges and understands that the Customer shall be required to open a Brokerage Account for US stocks investment, and Customer agrees to abide by Broker Dealer Customer Account Agreement and such other conditions as may be prescribed by Broker Dealer from time to time. The said Brokerage Account is held with the Broker Dealer.
By opening a Brokerage Account, Customer acknowledge that, Customer has read, understood and agrees to be bound by these T&Cs, INDmoney Platform Terms & Conditions, Broker Dealer Agreement, Disclosures, Privacy Policy, read with all other documents that Customer has consented including but not limited to undertakings, declarations, applicable laws, rules, guidelines, notifications, byelaws (as issued and amended from time to time).
These T&Cs supersedes any previous agreements you may have made individually with Introducing Broker affiliate company(ies) regarding your Brokerage Account, and if it is held jointly or in other combinations, it supersedes any previous agreements made with Introducing Broker affiliate company(ies) by the same parties regarding their Brokerage Accounts to the extent the subject matter is covered by these T&Cs. Introducing Broker may amend these T&Cs periodically by posting a revised version on its website.
Customer represent and warrant that: (a) Customer is 18 years of age or older; (b) Customer is a resident and citizen of India only; (c) Customer is legally entitled to accept these T&Cs and enter into agreement with Broker Dealer for creation of Brokerage Account; (d) any and all information furnished by Customer during the course of Customer journey to set-up Brokerage Account is / shall be true, correct, updated and accurate; (e) Customer shall keep all of its information up to date; (f) that the Brokerage Account is for Customer’s personal investment purpose only and that Customer understands that Customer shall not be using / permitted to use Brokerage Account for any other purpose including to undertake margin trading, purposes prohibited under applicable laws. (g) Customer unequivocally assures that there are no ongoing criminal or insolvency proceedings against Customer, and Customer have not been classified as a wilful defaulter or prohibited to participate in securities market by any financial institution or the regulatory authority in India or other jurisdiction. (h) Customer is not: an employee of, or affiliated with any national securities exchange or the FINRA, another member firm of a national securities exchange or the FINRA, or a bank, trust company or insurance company, or a director, 10% beneficial shareholder, policy-making officer, or otherwise an affiliate (as that term is defined in Rule 144 under the Securities Act of 1933) of a publicly traded-company, unless Customer has specifically notified Introducing Broker to that effect. Further, Customer assures Introducing Broker that, Customer shall ensure to promptly notify Introducing Broker, in writing, if there is any change of above mentioned representations. Introducing Broker reserves the right to close Customer’s Brokerage Account at any time for any reason whatsoever.
Any instruction or order given for Customer Brokerage Account, including via the Introducing Broker platform, will be treated as being from Customer and fully authorized by Customer. Customer is responsible for the confidentiality and use of, and shall safeguard and shall not permit others to use, Customer's account credentials, such as Customer's username, password or security device. Customer agrees to provide immediate notice to Introducing Broker of any theft or loss of such credentials, or any unauthorized access to Customer's account. Use of Customer's credentials to effect any action will constitute conclusive evidence that Introducing Broker may treat such action as authorized. Customer is responsible for all transactions entered using Customer's credentials. Introducing Broker is not and shall not be held liable for loss or damages caused by any third-party using Customer's credentials.
Customers are solely responsible for knowing the rights and terms for all securities purchased, sold and maintained in Customer’s Brokerage Account including mergers, reorganizations, stock splits, name changes or symbol changes, dividends, etc.. Certain securities – including bonds, convertible securities, warrants, stock rights and securities subject to exchange offers or tenders – may grant Customer valuable rights that may expire unless Customer take specific action, and Customer is solely responsible for knowing all expiration dates, redemption dates, and the circumstances under which rights associated with securities or property may expire or be called, cancelled, or modified.
Introducing Broker in no way represents or warrants that, Introducing Broker shall notify Customer of any upcoming expiration or redemption dates, nor Introducing Broker shall take any action on Customer’s behalf, except as required by law and the rules of regulatory authorities.
Customer is responsible for trading in accordance with any rules or policies applicable to Customer's order (e.g., trading hours, order types, etc.). Introducing Broker does not guarantee execution of every order and it does not guarantee execution at the posted or opted price; market rules, decisions, system failures or other matters may prevent or delay execution of Customer's orders or cause orders not to receive the posted or opted price.
It may not be possible to cancel or modify an order and Customer is responsible for executions notwithstanding a request to cancel or modify an order.
Introducing Broker uses another Broker Dealer, to execute orders, and therefore, the executing Broker Dealer shall have the benefit of all Introducing Broker rights hereunder.
Customers agree that it is Customer’s responsibility to review order execution confirmations and statements of Customer Brokerage Account promptly upon receipt. These documents will be considered binding on Customer unless Customer notify Introducing Broker of an objection within two days from the date confirmations are sent or within five days after Brokerage Account statements are sent. Such objections have to be communicated in writing. In all cases, Introducing Broker shall raise Customer’s concern to the Broker Dealer, and Broker Dealer reserves the right to determine the validity of Customer’s objection. If Customer objects to a transaction for any reason, Customer understands and agrees that Customer is obligated to take action to limit any losses that may result from such transaction and that Customer will bear sole responsibility for any losses relating to the transaction, even if Customer objection to the transaction is ultimately determined to be valid. Nothing in this clause shall limit Customer’s other responsibilities in this T&Cs or Customer Account Agreement.
Before investing in any mutual fund, Customer agrees to read and understand the terms of its prospectus, and acknowledges that certain mutual funds reserve the right to change or suspend their purchasing or redemption procedures under certain circumstances. Customer accept that trading in mutual funds may be subject to special fees, limitations or restrictions imposed by the fund, Broker Dealer, or both.
Customer understands that Introducing Broker may discontinue Customer’s Brokerage Account or any services related to Brokerage Account immediately by providing written notice to you.
If Introducing Broker discontinues Customer’s Brokerage Account or any services related to your Brokerage Account, Customer agrees that Introducing Broker is authorized to (i) liquidate any holding(s) in your Brokerage Account and send Customer any net proceeds (after satisfying any outstanding obligations), and (ii) close your Brokerage Account. This is without limitation to Introducing Brokerage other rights under this Agreement or otherwise. “outstanding obligations” includes all indebtedness, debit balances, liabilities, or other obligations of any kind of you to Introducing Broker, whether now existing or hereafter arising.
Introducing Broker will not be responsible for any Losses caused due to discontinuing of Brokerage Account or any services, or any liquidation of your property, or closure of Customer Brokerage Account, including any tax liabilities.
Customer agrees to the terms or conditions of any Introducing Broker promotions programs that you participate in, including but not limited to the Customer referral program. Customer understand that any such promotions may have significant limitations on eligibility or rewards.
All Brokerage Accounts will be opened as cash account. No margin trading or pattern day trading shall be permitted.
Introducing Broker has entered into an agreement with Broker Dealer who is the clearing agent for securities transactions in your Account and carries your Account. Customer agrees that Broker Dealer and/or its affiliates may provide clearing, execution, and brokerage-related services to you.
Customer agrees to promptly return to Introducing Broker any assets erroneously distributed to Customer. Further, Customer shall be responsible for payments of any and all charges, debits, fees, levies, taxes, and/or any other recovery that is unpaid as per Customer Brokerage Account ledger.
Introducing Broker reserves the right to close your Brokerage Account, without prior notice to Customer, if Brokerage Account has not initiated any trading activity during a consecutive twelve-month period, Introducing Broker may consider Customer’s Brokerage Account as “inactive” and may, at its sole discretion either close your Brokerage Account (without prior notice to Customer) or levy a monthly inactive account fee for continued safekeeping of your Brokerage Account.
The Customer is aware and acknowledges that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc., which are susceptible to interruptions and dislocations; and the Introducing Broker online trading service may at any time be unavailable without further notice / intimation. Introducing Broker and the Broker Dealer do not make any representation or warranty that the Introducing Broker online trading service will be always available to the Customer without any interruptions. The Customer agrees that Customer shall not have any claims against the Introducing Broker or Broker Dealer on account of any suspension, interruption, unavailability or malfunctioning of the Introducing Broker’s online trading system or service of Introducing Broker or the Broker Dealer's service or systems for any reason whatsoever. Introducing Broker states that it has complied with and will continue comply and if not, proposes to comply with statutory and regulatory directions to offer the internet trading services through the INDmoney app and for dealing in the cash segment.
Online confirmation will be sent to the Customer by electronic mail or SMS after the execution of the order, trade and this shall be deemed to be valid delivery thereof by the Company. It shall be the responsibility of the Customer to review immediately upon receipt, whether delivered to Customer by electronic mail or any other electronic means, all confirmations of order, transactions, or cancellations. It shall be duty and responsibility of the Customer to follow up with the Introducing Broker for all such confirmations that are not received by Customer within a stipulated timeframe.
Introducing Broker is acting as your introducing broker, which transmits orders to Broker Dealer. In this capacity, Broker Dealer will provide execution service. Customer understand that, in connection with purchase and sale transactions in your Brokerage Account, Broker Dealer acts in an agency capacity for all full share components of Customer transaction(s) and in a principal capacity for all fractional share components of Customer transaction.
Customer hereby grant its consent and permit Introducing Broker to share Customer’s KYC and other information with its Group Entities, and/or with Third Party Service Providers offering various products and services (including with Broker Dealer), to enable them to promptly respond to your queries / interests. The collection, processing, storage, and sharing of Customer information is further governed by Introducing Broker’s Privacy Policy. Customer represents that, Customer has read, understood, and agreed to be bound by Introducing Broker’s Privacy Policy.
Customer acknowledge that it is Customer’s responsibility to declare and pay any income, gains, or similar to all applicable tax authorities, make any tax filings, and to pay any and all taxes, duties, or similar (“tax”) when due in all applicable jurisdictions. Customer undertake and warrant to Introducing Broker that Customer will do so and will comply in full with all applicable tax laws and obligations to which you are subject.
The Customer(s) certify and fully understand all the information on any Form W-8BEN that Customer have submitted or will submit to Introducing Boker, has duly been examined by Customer and to the best of Customer’s knowledge and belief all is true, correct, and complete.
Customer authorize Introducing Broker to provide any such Form W-8BEN to Introducing Broker or any withholding agent that has control, receipt, or custody of the income of which Customer are the beneficial owner or any withholding agent that can disburse or make payments of the income of which you are the beneficial owner. Customer agree that Customer will submit a new Form W-8BEN to Introducing Broker / Broker Dealer within 30 days if any certification made on any previously submitted Form W-8BEN becomes incorrect. Customer understand that the IRS does not require Customer consent to any provisions of such Form W-8BEN other than the certifications required to establish Customer status as a non-U.S. Person and, if applicable, obtain a reduced rate of withholding. Customer agrees that, notwithstanding the letter of those Foreign Tax Rules, Customer shall be liable and responsible for compliance therewith, and shall indemnify and hold harmless Introducing Broker from and against any tax obligations or penalties incurred by Customer or Introducing Broker in connection therewith.
Customer is responsible for knowing the terms of any securities, or other products in Customer's Brokerage Account, including but not limited to upcoming corporate actions (e.g., tender offers, reorganizations, stock splits, bankruptcy or class action rights, etc.). Introducing Broker has no obligation to notify Customer of any such or similar terms, corporate actions, expiration dates, deadlines, required actions, or dates of meetings, nor is Introducing Broker obligated to take any action without written Notice from Customer to Introducing Broker.
MARKET DATA IS PROVIDED “AS IS” AND “AS AVAILABLE”, AND THERE MAY BE DELAYS, OMISSIONS AND INACCURACIES IN SUCH DATA. NEITHER DRIVEWEALTH NOR ITS AGENTS, AFFILIATES, OR THIRD-PARTY PROVIDERS OR ANYONE ELSE INVOLVED IN CREATING, PRODUCING, DELIVERING, OR MANAGING THE DELIVERY OF SUCH MARKET DATA CAN GUARANTEE THE ACCURACY, ACCESSIBILITY, ADEQUACY, AVAILABILITY, COMPLETENESS, CONTINUED AVAILABILITY, CORRECTNESS, CURRENTNESS, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, NON-INFRINGEMENT, TIMELINESS, OR TITLE. WITHOUT LIMITING THE FOREGOING DRIVEWEALTH EXPRESSLY DISCLAIMS THAT ANY AUTOMATED OR MANUAL SYSTEM WILL OPERATE UNINTERRUPTED OR ERROR FREE
INTRODUCING BROKER HAS TAKEN COMMERCIALLY REASONABLE EFFORTS TOWARDS GUARDING AGAINST UNAUTHORIZED USE OF ANY INFORMATION TRANSMITTED BY CUSTOMER, HOWEVER, INTRODUCING BROKER NOR ITS AFFILIATES MAKE ANY REPRESENTATIONS OR GUARANTEES THAT THE SERVICES PROVIDED BY / THROUGH IT WILL NOT RESULT IN THEFT AND/OR UNAUTHORIZED USE OF DATA OVER THE INTERNET. CUSTOMER EXPRESSLY AGREES THAT HIS/ HER USE OF THE ONLINE PAYMENT SERVICE (INCLUDING BUT NOT LIMITED TO CREATING MANDATES, AUTO DEBIT / AUTO PAY, RECURRING PAYMENTS) IS ENTIRELY AT OWN RISK AND RESPONSIBILITY OF CLIENT.
NEITHER INTRODUCING BROKER, NOR ANY OF ITS REPRESENTATIVES: PROVIDE CUSTOMER WITH INVESTMENT ADVICE OR RECOMMENDATION; OFFER ANY OPINION REGARDING THE SUITABILITY OF ANY SECURITY, ACCOUNT TYPE, ORDER, TRANSACTION, OR INVESTMENT ADVISOR OR STRATEGY; SOLICIT ANY ORDER OR TRANSACTION; MONITOR CUSTOMER INVESTMENTS, OR THE APPROPRIATENESS OF CUSTOMER ACCOUNT OR SERVICE LEVEL; ALERT CUSTOMER TO ANY RECOMMENDED CHANGE TO CUSTOMER'S INVESTMENTS, ACCOUNTS, OR SERVICES; OR PROVIDE LEGAL, TAX, OR ACCOUNTING ADVICE (COLLECTIVELY, "ADVICE"). NOTHING ON INTRODUCING BROKER’S WEBSITE IS OR SHALL BE DEEMED A RECOMMENDATION OR SOLICITATION TO BUY OR SELL SECURITIES, FUTURES OR ANY OTHER INVESTMENT PRODUCTS, OR AS TO THE MANNER IN WHICH THOSE PRODUCTS ARE BOUGHT OR SOLD, OR TO ENGAGE IN ANY INVESTMENT STRATEGY. CUSTOMER WILL NOT SEEK, ACCEPT OR RELY ON ANY ADVICE FROM INTRODUCING BROKER OR ITS REPRESENTATIVES, OR ANY COMMUNICATION THAT COULD BE CONSTRUED AS SUCH. DISCUSSION / POSTS ON DIFFERENT TYPES OF INVESTMENT PRODUCTS AVAILABLE TO CUSTOMER, IS NOT INVESTMENT ADVICE. INTRODUCING BROKER IS NOT RESPONSIBLE FOR THE SUITABILITY OR APPROPRIATENESS OF ANY ORDER, TRADE, INVESTMENT, INVESTMENT STRATEGY, SELECTION OF ADVISOR OR OTHER ACTIVITY OF CUSTOMER. CUSTOMER AGREES THAT ANY ORDER SUBMITTED TO OR TRANSACTION EXECUTED BY BROKER DEALER VIA INTRODUCING BROKER PLATFORM IS SOLELY CUSTOMER'S OWN DECISION AND IS BASED ON CUSTOMER'S OWN EVALUATION OF ITS PERSONAL FINANCIAL SITUATION, NEEDS, AND INVESTMENT OBJECTIVE(S). INTRODUCING BROKER DOES NOT ENDORSE AND IS NOT RESPONSIBLE FOR ANY ADVICE, REPRESENTATION, CONTENT OR OTHER INFORMATION PROVIDED BY THIRD PARTIES, INCLUDING BUT NOT LIMITED TO ANY SUCH INFORMATION OR THIRD PARTY REFERENCED BY OR ACCESSED THROUGH ANY INTRODUCING WEBSITE, OR PLATFORM.
CUSTOMER ACKNOWLEDGE AND UNDERSTAND THAT ALL INVESTMENTS INVOLVE RISK, THAT LOSSES MAY EXCEED THE PRINCIPAL INVESTED, AND THAT THE PAST PERFORMANCE OF A SECURITY, INDUSTRY, SECTOR, MARKET, OR FINANCIAL PRODUCT DOES NOT GUARANTEE FUTURE RESULTS OR RETURNS. YOU ARE SOLELY RESPONSIBLE FOR ALL INVESTMENT DECISIONS ASSOCIATED WITH YOUR ACCOUNT INCLUDING ANY RISKS IN CONNECTION WITH THE PURCHASE OR SALE OF SECURITIES (WHICH INCLUDES THE RISK OF LOSS).
CUSTOMER ACKNOWLEDGES THAT TRADING SECURITIES, OR ANY PRODUCT ON A FOREIGN MARKET INVOLVES HIGH RISK. TRADING OUTSIDE ORDINARY MARKET HOURS POSES SPECIAL RISKS, INCLUDING RISK OF LOWER LIQUIDITY, HIGHER VOLATILITY, CHANGING PRICES, UNLINKED MARKETS, NEWS ANNOUNCEMENTS AFFECTING PRICES, AND WIDER SPREADS. CUSTOMER REPRESENTS THAT CUSTOMER IS KNOWLEDGEABLE OF, AND ABLE TO ASSUME, THESE RISKS.
GOVERNMENTS OF COUNTRIES IN WHICH CUSTOMER RESIDE, OR COUNTRIES IN WHICH CUSTOMERS INVEST, MAY TAKE ECONOMIC AND/OR POLITICAL ACTIONS THAT ARE ADVERSE TO INVESTORS AND SUCH ACTIONS MAY NEGATIVELY AFFECT CUSTOMER'S ACCOUNT. CUSTOMER AGREES THAT INTRODUCING BROKER IS AND SHALL NOT LIABLE FOR SUCH ACTIONS. CUSTOMER AGREES THAT THAT INTRODUCING BROKER (AND ITS AFFILIATES) IS NOT LIABLE FOR ANY LOSSES OR DAMAGES CUSTOMER MAY INCUR AS A RESULT OF ANY SUCH ACTION.
CUSTOMER ACCEPTS THE INTRODUCING BROKER SYSTEM "AS IS", AND WITHOUT WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO: THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE, PURPOSE OR APPLICATION; TIMELINESS; FREEDOM FROM INTERRUPTION; OR ANY IMPLIED WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE. UNDER NO CIRCUMSTANCES SHALL INTRODUCING BROKER (OR ANY AFFILIATE OF INTRODUCING BROKER) BE LIABLE FOR ANY PUNITIVE, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL LOSS OR DAMAGES, INCLUDING LOSS OF BUSINESS, PROFITS OR GOODWILL. INTRODUCING BROKER (AND ANY AFFILIATE OF INTRODUCING BROKER) SHALL NOT BE LIABLE TO CUSTOMER BY REASON OF DELAYS OR INTERRUPTIONS OF SERVICE OR TRANSMISSIONS, OR FAILURES OF PERFORMANCE OF THE INTRODUCING BROKER SYSTEM, REGARDLESS OF CAUSE, INCLUDING, BUT NOT LIMITED TO: THOSE CAUSED BY HARDWARE OR SOFTWARE MALFUNCTION; GOVERNMENTAL, EXCHANGE OR OTHER REGULATORY ACTION; ACTS OF GOD; WAR, TERRORISM, PUBLIC HEALTH EVENTS (INCLUDING PANDEMICS); INTRODUCING BROKER 'S INTENTIONAL ACTS; OR INTRODUCING BROKER'S FAILURE TO ACT TO PREVENT SERVICE DISRUPTION OR SYSTEM FAILURE. CUSTOMER RECOGNIZES THAT THERE MAY BE DELAYS OR INTERRUPTIONS IN THE USE OF THE INTRODUCING BROKER SYSTEM, INCLUDING, FOR EXAMPLE, THOSE CAUSED INTENTIONALLY BY INTRODUCING BROKER FOR PURPOSES OF SERVICING THE INTRODUCING BROKER SYSTEM.
NOTHING IN THIS AGREEMENT REPRESENTS A CONTRACTUAL PROMISE OF WARRANTY TO THE CUSTOMER REGARDING INTRODUCING BROKER 'S COMPLIANCE WITH APPLICABLE LAWS, RULES, OR REGULATIONS. NOR IS ANYTHING IN THIS AGREEMENT INTENDED TO CREATE A CONTRACTUAL OR PRIVATE CAUSE OF ACTION FOR ANY NON-COMPLIANCE WITH APPLICABLE LAWS, RULES (INCLUDING BUT NOT LIMITED TO RULES OF ANY EXCHANGE, MARKET CENTER, OR CLEARINGHOUSE) OR REGULATIONS. INTRODUCING BROKER SPECIFICALLY DISCLAIMS ANY SUCH WARRANTY OR OBLIGATION.
Customer agrees to indemnify, hold harmless and defend Introducing Broker, its affiliates, and their respective officers, directors, employees, agents, and representatives from any and all liabilities, losses, costs, judgments, penalties, claims, actions, damages, or expenses (collectively, "Losses") arising from or relating to: (i) any action taken in reliance on any representation, information or instruction received from Customer; (ii) Customer's breach of this T&Cs; (iii) any action taken by Introducing Broker to enforce its rights under these T&Cs or in accordance with its policies; (iv) any inquiry, information request, or other action by a third party related to Customer's Brokerage Account, including to Customer assets, liabilities, transactions, instructions, actions, or inactions; (v) Customer's violation or infringement of any intellectual property right held by Introducing Broker or its affiliates.
This T&Cs are governed by the laws of the India, without giving effect to conflict-of-laws provisions. Courts located in the Gujarat have exclusive jurisdiction over disputes relating to this Agreement, and all other agreements entered between Customer and Introducing Broker, except when arbitration is provided. Customer waives any objection to the bringing of any proceedings in any such court by Introducing Broker and agrees not to claim that such proceedings have been brought in an inconvenient forum or that such court does not have jurisdiction over it. However, the foregoing shall not prevent Introducing Broker from bringing an action in any court of any other jurisdiction, in its discretion. In all judicial actions, arbitrations or dispute resolution methods, the parties waive any right to punitive damages.
Please note that these terms and conditions are subject to change without notice.