Client Service Agreement

18.
INTRODUCING BROKERS
18.1 The Client may have been referred to Tickmill Ltd by an Introducing Broker. If so, 
Tickmill Ltd shall not be responsible for any agreement made between the Client 
and the Client's Introducing Broker. The Client acknowledges that any such 
Introducing Broker will either be acting as an independent intermediary or an Agent 
for the Client and that no such Introducing Broker shall be authorised to make any 
representations concerning Tickmill Ltd or Tickmill Ltd’s Services.
18.2 The Client is specifically made aware that the Client's agreement with its Introducing 
Broker may result in additional costs as Tickmill Ltd may pay fees or commission to 
such person.
18.3 The Client is also specifically made aware that the Client's agreement with its 
Introducing Broker may result in additional costs for the client because the 
Introducing Broker can deduct commissions and fees as well as price or 
interest/financing rate adjustments for any trade conducted on or allocated to the 
Clients account either by the Introducing Broker or the Client.
18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account 
according to any agreement between the Client and the Introducing Broker, Tickmill 
Ltd has no responsibility as to the existence or validity of such an agreement.
18.5 Tickmill Ltd shall have no responsibility or liability to the Client in following the 
instructions given by the Introducing Broker. Tickmill Ltd is under no obligation to 
supervise or otherwise know or review the payment instructions or any other acts, 
including but not limited to the trading, of the Introducing Broker.
18.6 The client acknowledges and accepts that frequent transactions may result in a sum 
total of commissions, fees, price or interest/financing rate adjustments for trades 
conducted that may be substantial and not necessarily be offset by the net profits, 
if any, achieved from the relevant trades. The responsibility for correctly assessing 
whether the size of the total commissions, fees, price or interest/financing rate 
adjustments for trades conducted paid from the Client's account makes trading 
commercially viable, is the combined responsibility of the Client and the Introducing 

---

Tickmill Ltd
www.tickmill.com
24 
Broker. Tickmill Ltd only acts as the custodian and principal broker, and therefore 
is not responsible for the size of the commissions and fees as well as price or 
interest rate paid by the Client.
18.7 Any commissions, fees, price or interest/financing rate adjustments for trades 
conducted may be shared between the Introducing Broker, Tickmill Ltd and third 
parties according to the Introducing Broker's written instructions and/or at Tickmill 
Ltd’s discretion.