Terms & Conditions

Effective Date: October 1st, 2024

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Aries Financial, Inc. Terms and Conditions

Welcome to Aries Financial, Inc. (“Aries,” “we,” “us,” or “our”). These Terms and Conditions (“Terms”) govern your use of our services, website, mobile applications, and other digital platforms (collectively, the “Services”). By accessing or using our Services, you agree to these Terms, including any supplemental agreements that may apply to specific services.

1. General Terms

These Terms apply to all users of the Services. Aries operates as an introducing broker, and Apex Clearing Corporation (“Apex”) serves as the clearing firm for your accounts. By using the Services, you agree to comply with these Terms and any additional agreements applicable to your account, including the Customer Agreement with Apex.

2. Account Setup and Maintenance

2.1 Account Registration

You must provide accurate and complete information when creating an account. You agree to promptly update any changes to your registration information to maintain accuracy.

2.2 User Eligibility

To open an account, you must be at least 18 years old and legally capable of entering into agreements. You also agree to abide by all applicable laws and regulations governing securities trading.

2.3 Electronic Communication

By providing your email address and phone number, you consent to receiving electronic communications from Aries. You are responsible for keeping your contact information up to date.

3. Relationship with Apex Clearing Corporation

Aries acts as the introducing broker and Apex acts as the clearing firm. While Aries facilitates the execution of your trades, Apex performs clearing and back-office services. You understand that Apex holds and maintains your account and processes trades submitted by Aries.

4. Trading and Market Data

4.1 Self-Directed Accounts

Aries offers self-directed trading services and does not provide investment advice or recommendations. You are responsible for all trading decisions and agree that Aries is not liable for any trading losses.

4.2 Market Data

Market data provided through our Services is sourced from third-party providers. While we strive to provide accurate and timely information, Aries and its providers do not guarantee the accuracy or completeness of such data. You acknowledge that market data is provided “as is” and “as available.”

4.3 Order Execution

Aries facilitates electronic trading through various channels. However, we cannot guarantee order execution due to factors such as market conditions, network disruptions, or regulatory restrictions. You agree that Aries and Apex are not responsible for missed or delayed executions.

5. Risks and Disclaimers

5.1 Investment Risk

Investing in securities involves risk, including the loss of principal. You agree that Aries is not liable for any losses or damages resulting from investment decisions made using our Services.

5.2 No Warranty

The Services and market data are provided on an "as is" and "as available" basis. Aries disclaims all warranties, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

5.3 Liability Limitation

Aries and Apex shall not be liable for any indirect, incidental, or consequential damages, including loss of profits, data, or use, arising from your use of the Services.

6. Account Management

6.1 Margin Accounts

If you choose to open a margin account, you agree to the terms of the Margin Agreement with Apex. You understand that trading on margin involves risks, including the risk of losing more than your initial investment.

6.2 Monitoring Account Activity

You are responsible for monitoring all account activity, including trade confirmations, account balances, and statements. Aries may, at its discretion, liquidate or limit your positions to manage risk.

6.3 Termination of Accounts

Aries and/or Apex may terminate or restrict your account at any time, with or without notice, if deemed necessary to protect against risk or potential breaches of these Terms.

7. Fees and Charges

You agree to pay all applicable fees and charges related to your account, including commissions, clearing fees, and other costs outlined in the Fee Schedule. Aries reserves the right to modify its fees with notice provided through its website or other communication methods.

8. Privacy and Data Security

Aries is committed to protecting your privacy. Our collection and use of personal information are governed by the Aries Privacy Policy. You agree to take reasonable steps to protect your account information, including your password, and to notify us immediately if you suspect any unauthorized use.

9. Indemnification

You agree to indemnify and hold harmless Aries, its officers, directors, employees, and agents from any claims, losses, damages, liabilities, or expenses arising from your use of the Services, breach of these Terms, or violation of any applicable laws or regulations.

10. Governing Law and Dispute Resolution

These Terms are governed by the laws of the state of Michigan. Any disputes arising under these Terms will be resolved through binding arbitration conducted in accordance with the rules of the American Arbitration Association.

11. Changes to Terms

Aries reserves the right to modify these Terms at any time. Changes will be posted on the Aries website and become effective immediately upon posting. Your continued use of the Services constitutes acceptance of the modified Terms.

12. Contact Information

If you have any questions about these Terms, please contact us at:

Aries Financial, Inc. 1420 Washington Blvd, Detroit, MI, 48226 [e-mail]

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