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DISCLAIMER
daytradeaustria.com
herein called "Broker":
I hereby submit this application in order to open an account at
Broker I intend to use this account to engage in active day trading
of securities. I understand that Broker will execute my trades utilizing
the best method it deems appropriate.
I understand that the risk of loss in active
day trading can be substantial.
I
acknowledge that Broker does not provide investment advice, tax
advice or legal adviceregarding the suitability or profitability
of a security or investment. I acknowledge that Broker does not
make recommendations. I understand that other persons, such as educators,
newsletter writers, other broker dealers, independent contractors
or other customers, who make recommendations or suggestions or who
provide Broker with names of prospective customers are not permitted
to solicit or accept accounts or orders or to act or say anything
on behalf of Broker. Furthermore, Broker cannot vouch for the accuracy
or completeness of any information or advice you may havereceived
or receive in the future from any person not employed by Broker
regarding stock, stock option, commodity or commodity option trading
or the risks involved in such trading, and that Broker shall not
be responsible for any loss to you resulting from any firm orindividual
supplying you with advice or information.
I
understand that active day trading involves entering into many more
transactions than does traditional investing. I further understand
that as a result of this high volume of transactions, even though
the commissions charged by Broker are substantially discounted;
I will incur substantial commission costs commonly associated with
active trading. I further understand that the commission costs I
will incur will be significantly higher than is the case with traditional
investment strategy because of the high volume of trades initiated.
Commission costs will be incurred regardless of whether I make or
losemoney on a trade.
I
acknowledge that I will be the only authorized user of my account.
I will be fully responsible for the confidentiality and use of my
user name(s) and password(s) and I agree that I will be fully and
solely responsible for all activities, including brokerage transactions,
which arise from the use of my username(s) or password(s). Furthermore,
I accept full responsibility to educate myself as to the usage of
the softwareand hardware used in electronic day trading.
I understand that my orders will be executed electronically by Broker's
automatedorder routing software. This software connects Broker to
various exchanges and electronic communication networks.
I
understand that I may be subject to potential prosecution under
thefederal securities laws for illegal activity conducted in my
account and that the NASD will monitor all such trading activity
so as to detect any such improper activity. If the NASD detects
improper activity or activityharmful to the Nasdaq Stock Market
in my account and this activity causes Broker's Nasdaq link tobe
terminated, I accept full responsibility and monetary damages, if
they should arise.
I
acknowledge and accept the inherent risks of electronic trading.
I acknowledge that these risks include but are not limited to power
failures, software failures, equipment failures and communication
failures. I agree to indemnify and hold Broker harmless from and
against any and all claims, losses, liability, costs, and expenses
(including but not limited to attorney's fees) caused directly or
indirectly by government restriction, exchange or market rulings,
communications or power failure, equipment or software malfunctions,
wars, strikes, or any other cause beyond Broker's reasonable control.
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