This Agreement is entered into by and these Terms &
Conditions (hereinafter referred to as the “Agreement”) shall
regulate the relationship between Jup Trader LTD, (hereinafter
referred to as the “Company”), and the user (a natural or legal
entity) (hereinafter referred to as the “Client”) of Jup Trader
(hereinafter referred as the “Website”).
The Client confirms that he/she has read, understood and
accepted all information, conditions and terms set out on the
Website which are open to be reviewed and can be examined by the
public and which include important legal Information.
By accepting this Agreement, the Client agrees and irrevocably
accepts the terms and conditions contained in this Agreement,
its annexes and/or appendices as well as other
documentation/information published on the Website, including
without limitation to the Privacy Policy, Payment Policy,
Withdrawal Policy, Code of Conduct, Order Execution Policy and
Anti-Money Laundering Policy. The Client accepts this Agreement
by registering an Account on the Website and depositing funds.
By accepting the Agreement, and subject to the Company’s final
approval, the Client enters into a legal and binding agreement
with the Company.
The terms of this Agreement shall be considered accepted
unconditionally by the Client upon the Company’s receipt of an
advance payment made by the Client. As soon as the Company
receives the Client's advance payment, every operation made by
the Client on the Trading Platform shall be subject to the terms
of this Agreement and other documentation/information on the
Website.
The Client hereby acknowledges that each and any Operation,
activity, transaction, order and/or communication performed by
him/her on the Trading Platform, including without limitation
through the Account, and the Website, shall be governed by
and/or must be executed in accordance with the terms and
conditions of this Agreement and other documentation/information
on the Website.
By accepting this current agreement, the Client confirms that
he/she is able to receive information, including amendments to
the present Agreement either via email or through the Website.
A client that is a legal entity can register with the Company
not through the Website but by sending an email with its request
to . All terms and and conditions contained herein, including
without limitation to 1 to 5 above, shall at all times be
applicable to the Legal Entity and the latter shall conform with
such terms and conditions, obligations and rights at all times.
Terms
Account – means a unique personified account registered in the
name of the Client and which contains all of the Client’s
transactions/ operations on the Trading Platform (as defined
below) of the Company.
Ask - means the higher price in a quote. The price the Client
may buy at.
Bid - means the lower price in a quote. The price the Client may
sell at.
CFD (contract for difference) - means a tradeable contract
entered into between the Client and the Company, who exchange
the difference in the value of an Instrument, as specified on
the Trading Platform at the time of opening a Transaction, and
the value of that Instrument at the contract’s end.
Digital Option Contract - means a type of derivative instrument
where the Client earns a payout if they correctly predict the
price movement of the underlying asset at the time of the
option’s expiry. The prediction can be made as to whether the
value of the underlying asset will fall above or below the
strike price at time of expiration. Should the option expire at
the selected strike price, it will be considered to expire
out-of-the money and will result in the loss of the invested
amount.
Execution - means the execution of Client order(s) by the
Company acting as the Client's counterparty as per the terms of
the present agreement.
Financial Instruments - means the Financial Instruments as per
paragraph 2.4 below that are available on the Company’s Trading
Platform.
KYC documents - means the documents to be provided by the
Client, including without limitation to the a copy of the
passport or ID and utility bill of the Client, in case it is a
natural person and/or certificates showing the management and
ownership going all the way up to the ultimate beneficial owner,
in case it is a legal entity, and any other documents the
Company may request upon its sole discretion
Market - means the market on which the Financial Instruments are
subject to and/or traded on, whether this market is organized /
regulated or not and whether it is in St. Vincent and the
Grenadines or abroad.
Market Maker - means a company which provides BID and ASK prices
for financial instruments.
Operations – means actions performed at the Client’s Account,
following an order placed by the Client,, connected with but not
limited to crediting of funds, return of funds, opening and
closing of trade transactions/positions and/or that relate to
financial instruments.
Prices - means the prices offered to the Client for each
transaction which may be changed without prior notice. Where
this is relevant, the “Prices” given through the Trading
Platform include the Spread (see definition below).
Services – means the services described in section 3 of this
Agreement.
Spread - means the difference between the purchase price Ask
(rate) and the sale price Bid (rate) at the same moment. For
avoidance of doubt, a predefined spread is for the purposes of
this Agreement assimilated commission.
Trading Platform - means an electronic system on the internet
that consists of all programs and technology that present quotes
in real-time, allow the placement/modification/deletion of
orders and calculate all mutual obligations of the Client and
the Company.
Subject of the Agreement
The subject of the Agreement shall be the provision of Services
to the Client by the Company under the Agreement and through the
Trading Platform.
The Company shall carry out all transactions as provided in this
Agreement on an execution-only basis, neither managing the
account nor advising the Client. The Company is entitled to
execute transactions requested by the Client as provided in this
Agreement even if the transaction is not beneficial for the
Client. The Company is under no obligation, unless otherwise
agreed in this Agreement and/or other documentation/information
on the Website, to monitor or advise the Client on the status of
any transaction, to make margin calls, or to close out any of
the Client’s open positions. Unless otherwise specifically
agreed, the Company is not obligated to make an attempt to
execute the Client’s order using quotes more favorable than
those offered through the Trading Platform.
General Provisions
The Company will offer Services to the Client at the absolute
discretion of the Company subject to the provisions of this
Agreement.
The Client is prohibited and shall not, under no circumstances,
be allowed to execute any transactions/Operations on the Trading
Platform, Website and/or through his/her Account, that would as
a result exceed the total balance and/or amount of money
deposited/maintained with his/her Account. Such deposited
amounts shall be considered to have been provided as collateral,
either in the form of a lien or otherwise, to the Company by the
Client by which the obligation of the Client to pay any money to
the Company is secured.
Services of the Company
Services – services provided by the Company to the Client
through the Trading Platform of the Company, including without
limitation to customer, analytics, news and marketing
information services.
The Company shall facilitate the execution of trade
activities/orders and/or transactions of the Client but the
Client hereby acknowledges and accepts that the Company shall
not at any time provide any trust services and/or trading
consultation or advisory services to the Client.
The Company shall process all transactions/Operations of the
Client in accordance with the terms and conditions of this
Agreement and on an execution-only basis. The Company shall not
manage the Client’s Account nor advise the Client in any way.
The Company shall process the orders/transactions requested by
the Client under this Agreement irrespective of whether such
orders/transactions may result to not being beneficial for the
Client. The Company is under no obligation, unless otherwise
agreed in this Agreement and/or other documentation/information
on the Website, to monitor or advise the Client on the status of
any transaction/order, to make margin calls to the Client, or to
close out any of the Client’s open positions. Unless otherwise
specifically agreed, the Company is not obligated to process or
attempt to process the Client’s order/transaction using quotes
more favorable than those offered through the Trading Platform.
The Company shall not be financially liable for any operations
conducted by the Client through the Account and/or on the
Trading Platform.
Each Client shall be the only authorized user of the Company’s
services and of the corresponding Account. The Client is granted
an exclusive and non-assignable right to the use of and to
access the Account and it is his/her responsibility to ensure
that no other third party, including, without limitation, to any
next of kin and/or to members of his/her immediate family, shall
gain access to and/or trade through the Account assigned to
her/him.
The Client shall be liable for all orders given through his
security information and any orders received in this manner by
the Company shall be considered to have been given by the
Client. So long as any order is submitted through the Account of
a Client, the Company shall reasonably assume that such orders
are submitted by Client and the Company shall not be under any
obligation to investigate further into the matter. The Company
shall not be liable to and/or does not maintain any legal
relations with, any third party other than the Client.
If the Client acts on behalf of any third party and/or on behalf
of any third party’s name, the Company shall not accept this
person as a Client and shall not be liable before this person
regardless if such person was identified or not.
The Client has the right to cancel his order given to the
Company within 3 seconds after the moment of giving such order
to the Company (hereinafter referred to as the “Cancellation”).
The client agrees and understands that the three seconds
cancellation option offered by the Company is applicable and
available for the client as long as the price remains unchanged.
Three seconds from the moment of giving the order to the Company
by the Client via the platform, the Company may (but is not
obliged to) offer to buyout the option from the Client and the
Client have the right to agree to such offer (hereinafter
referred to as the “Buyout”). The Client is entitled to use such
Cancellation or Buyout option subject to the conditions
specified on the platform. Such conditions can also include the
fee charged by the Company. Such fee is specified on the
platform. The Company is obliged to provide all necessary
information as to the conditions of Cancellation and Buyout,
their cost, etc. The Client acknowledges and agrees that
provision of such information on the platform is sufficient. The
Client acknowledges and agrees that the use of Cancellation or
Buyout is very risky to the Client as long as the cost of
Cancellation and/or Buyout depends on the market situation. The
Client acknowledges and agrees that he bears all the risks
associated with the use of Cancellation and/or Buyout.
The Client is entitled to use such Cancellation or Buyout option
subject to the conditions specified on the Trading
Platform/Website, including without limitation to any fee to be
charged by the Company. The Company shall be obliged to provide
all necessary information as to the conditions of Cancellation
and Buyout, including any applicable costs, etc. The Client
acknowledges, accepts and agrees that provision of such
information on the Trading Platform is sufficient. The Client
acknowledges, accepts and agrees that the use of Cancellation or
Buyout option entail large risks for the Client, especially in
the case where the costs associated with Cancellation and/or
Buyout, depend on the market situation. The Client acknowledges,
accepts and agrees that he/she shall bear all risks associated
with the use of Cancellation and/or Buyout option.
It is understood and agreed by the Client that the Company may
from time to time, at its sole discretion, utilize a third party
to hold the Client’s funds and/or for the purpose of receiving
payment execution services. These funds will be held in
segregated accounts from such third party’s own funds and will
not affect the rights of the Client to such funds.
The Company offers internal live chats where clients can share
inter alia their trading ideas and/or express their general
thoughts. The client acknowledges and agrees that the Company’s
live chat feature is not and will not constitute a valid and/or
accurate information and/or information addressed to the
clients/potential clients and/or in any way information that is
controlled by the Company and/or investment advice, as it is
merely a feature allowing clients to inter alia express their
thoughts and ideas between themselves.
Provision of investment advice shall only be carried out by the
Company subject to a separate written agreement with the Client
and after assessing the Client’s personal circumstances. Unless
such written agreement has been entered into between the Client
and the Company, the provision of reports, news, opinions and
any other information by the Company to the Client does not
constitute investment advice or investment research.
Execution of Orders / Electronic Trading
By accepting this Agreement, the Client accepts that he has read
and understood all provisions of this Agreement and related
information on the Website. The Client accepts and understands
that all orders received shall be executed by the Company as the
counterparty of the transaction in its capacity of Market Maker.
The Company shall act as a principal and not as an agent on the
Client’s behalf for the purpose of the Execution of orders. The
Client is informed that Conflicts of Interest may arise because
of this model.
Reception of the order by the Company shall not constitute
acceptance and acceptance shall only be constituted by the
execution of the order by the Company.
The Company shall be obliged to execute the Client's orders
sequentially and promptly.
The Client acknowledges and accepts a) the risk of mistakes or
misinterpretations in the orders sent through the Trading
Platform due to technical or mechanical failures of such
electronic means, b) the risk of any delays or other problems as
well as c) the risk that the orders may be placed by persons
unauthorised to use and/or access the Account, and the Client
agrees to indemnify the Company in full for any loss incurred as
a result of acting in accordance with such orders.
The Client accepts that during the reception and transmission of
his/her order, the Company shall have no responsibility as to
its content and/or to the identity of the person placing the
order, except where there is gross negligence, willful default
or fraud by the Company.
The Client acknowledges that the Company will not take action
based on the orders transmitted to the Company for execution by
electronic means other than those orders transmitted using the
predetermined electronic means such as the Trading Platform, and
the Company shall have no liability towards the Client for
failing to take action based on such orders.
The client acknowledges and agrees that any products or services
that may be offered by the Company may not always be available
for purchasing or use for trading purposes, and it is in the
Company's absolute discretion whether it will make these
products available or not to the clients at any time. The
Company shall bear no liability, monetary or otherwise, in
relation to this section, including without limitation to not
making available any product at any given time.
Limitation of Liability
The Company does not guarantee uninterrupted service, safe and
errors-free, and immunity from unauthorized access to the
trading sites' servers nor disruptions caused from damages,
malfunctions or failures in hardware, software, communications
and systems in the Client's computers and in the Company's
suppliers.
Supplying services by the Company depends, inter alia, on third
parties and the Company bears no responsibility for any actions
or omissions of third parties and bears no responsibility for
any damage and/or loss and/or expense caused to the Client
and/or third party as a result of and/or in relation to any
aforesaid action or omission.
The Company will bear no responsibility for any damage of any
kind allegedly caused to the Client, which involves force
majeure or any such event that the Company has no control of and
which has influenced the accessibility of its trading site.
Under no circumstances will the Company or its Agent(s) hold
responsibility for direct or indirect damage of any kind, even
if the Company or its Agent(s) had been notified of the
possibility of aforesaid damages.
Settlement of Transactions
The Company shall proceed to a settlement of all transactions
upon execution of such transactions.
An online statement of Account will be available for printing to
the Client on the Trading Platform of the Company, at all times.
Indemnity and Liability
The Client shall indemnify and keep indemnified the Company and
its directors, officers, employees or representatives against
all direct or indirect liabilities (including without limitation
all losses, damages, claims, costs or expenses), incurred by the
Company or any other third party in respect to any act or
omission by the Client in the performance of his/her obligations
under this Agreement and/or the liquidation of any financial
instruments of the Client in settlement of any claims with the
Company, unless such liabilities result from gross negligence,
willful default or fraud by the Company. This indemnity shall
survive termination of this Agreement.
The Company shall not be liable for any direct and/or indirect
loss, expense, cost or liability incurred by the Client in
relation to this Agreement, unless such loss, expense, cost or
liability is a result of gross negligence, willful default or
fraud by the Company. Notwithstanding the provisions of section
8.1 above, the Company shall have no liability to the Client
whether in tort (including negligence), breach of statutory
duty, or otherwise, for any loss of profit, or for any indirect
or consequential loss arising under and/or in connection with
the Agreement.
The Company shall not be liable for any loss of opportunity as a
result of which the value of the financial instruments of the
Client could have been increased or for any decrease in the
value of the financial instruments of the Client, regardless of
the cause, unless such loss is directly due to gross negligence,
willful default or fraud on the part of the Company.
The Company shall not be liable for any loss which is the result
of misrepresentation of facts, error in judgment or any act done
or which the Company has omitted to do, whenever caused, unless
such act or omission resulted from gross negligence, willful
default or fraud by the Company.
The Company shall not be liable for any act or omission or for
the insolvency of any counterparty, bank, custodian or other
third party which acts on behalf of the Client or with or
through whom transactions on behalf of the Client are carried
out.
Personal Data
By accepting the terms and conditions of this Agreement, the
Client irrevocably consents to the collection and processing of
his/her personal data/information by the Company without the use
of automatic controls, as the same are provided by him/her to
the Company. The term personal data for the purposes of this
Agreement shall mean: the Name, Surname, Patronymic, gender,
address, phone number, e-mail, IP address of the Client, Cookies
and information that relate to the provision of Services to the
Client (for example, the Client’s trading story).
The Client shall be obliged to provide correct, accurate and
complete personal data/information as requested by the Company.
The purpose of collecting and processing the personal data is to
comply with applicable regulating legislation requirements,
including without limitation to anti-money laundering
regulations, as well as for any and all purposes in relation to
this Agreement, including without limitation to enable the
Company to discharge its obligations towards the Client.
The Client acknowledges and consents to that, for the purposes
described at the section directly above, the Company shall be
entitled to collect, record, systematize, accumulate, store,
adjust (update, change), extract, use, transfer (disseminate,
provide, access), anonymize, block, delete, destroy such
personal data and/or perform any other actions according to the
current regulating legislation.
The Client acknowledges and consents to the Company storing,
maintaining and processing his/her personal data in the manner
as described in this Agreement during the term of the Agreement
and for 5 years following any termination of the Agreement.
The Client hereby acknowledges, accepts, agrees and consents to
the disclosure of personal data by the Company to third parties
and their representatives, solely for the purposes of the
Agreement, including without limitation in order to facilitate
processing/execution of the Client’s orders/Operations, provided
that at all times (i) the amount of personal data to be
disclosed to any such third party is proportionate and/or
limited solely to facilitate to the actions as described above,
and (ii) the Company shall ensure that such third party shall
treat the personal data in accordance with applicable laws and
regulations.
The Company shall not be entitled to make available the personal
data in public and/or disclose such personal data for any other
purposes, subject to disclosure required under applicable laws
and regulations.
During processing of the personal data, the Company shall take
necessary legal, organizational and technical measures to
protect such personal data from unauthorized or accidental
access, destruction, change, blocking, copying, provision, and
dissemination as well as from any other illegal actions.
Assignment
The Agreement shall be personal to the Client and the Client
shall not be entitled to assign or transfer any of his/her
rights or obligations under this Agreement.
The Company may at any time assign or transfer any of its rights
or obligations under this Agreement to a third party. The
Company shall notify the Client of any such assignment.
Risk Statement
The Client hereby confirms to have read, understood and hereby
accepts the risk statement relating to the use of Services on
the Website, as the same is available electronically via the
Website.
The Client hereby confirms to have read, understood and hereby
accepts the risk statement relating to the use of Services on
the Website, as the same is available electronically via the
Website.
Charges and Fees
The Company shall be entitled to receive a fee from the Client
regarding the Service(s), provided by the Company.
The Company may pay fee/commission to business introducers,
referring agents, or other third parties based on written
agreement. This fee/commission is related to the
frequency/volume of transactions and/or other parameters.
The Company may pay fee/commission to business introducers,
referring agents, or other third parties based on written
agreement. This fee/commission is related to the
frequency/volume of transactions and/or other parameters. All
applicable fees or charges can be found on the Company’s Website
(General Fees). The Company has the right to amend its fees and
charges from time to time.
Ongoing trading fees, including inter alia swaps, shall be
charged and deducted from the Client’s account balance. In case
the Client does not maintain enough funds in his/her balance,
the relevant position subject to swap will be closed by the
Company.
The Client agrees that any amounts sent by the Client will be
deposited to the Account at the value on the date of the payment
received and net of any charges / fees charged by the bank or
any other intermediary involved in such transaction process
and/or in any other case, the Client shall authorize the Company
to withdraw the fee by way of transfer from the Client’s
Account.
Duration and Termination of the Agreement
The Agreement herein shall be concluded for an indefinite term.
The Agreement herein shall come into force when the Client
accepts the Agreement and makes an advance payment to the
Company.
In case of any discrepancies between the text of the Agreement
in English and its translation in any other language, the text
of the Agreement in English as a whole shall prevail, as well as
the English version/text of any other documentation/information
published on the Website.
The Company shall be entitled to terminate this Agreement
immediately without giving prior notice if the Client fails to
provide to the Company his/her KYC documents within 14 days from
the moment of acceptance of this Agreement, constituting, thus,
his/her Account as an unverified Account.
In case of termination of this Agreement for a reason indicated
in section 15.b, subclauses i, ii and x of this Agreement the
Company shall have no liability towards the Client and no
obligation to pay the profit of the Client (if any).
In case of termination of this Agreement for a reason indicated
in sections 15.a of this Agreement, the Company shall have
either to wire to the Client the remaining balance or to give to
the Client the opportunity to withdraw his/her remaining
balance. In case of termination of this Agreement for a reason
indicated in section 16.b of this Agreement, the Company shall
have to wire to the Client the remaining balance excluding any
profit.
Terms and Conditions for 1-Click Service
The Client shall agree to make a deposit to his/her Account to
use the Company Services or any other additional services
ordered by the Client on the Website as well as all additional
expenses (if necessary), including but not limited to any taxes,
duties, etc. The Client shall be completely responsible for
timely depositing the funds into his/her Account. Provider of
payment services shall ensure only fulfillment of payment in the
amount defined by the Site and shall not be liable for payment
of the above-mentioned additional amounts by the Website’s
Client.
The payment is considered to be processed and cannot be returned
after clicking the “Payment” button. By clicking the “Payment”
button, the Client shall agree that he/she cannot return the
payment or require its recall. Additionally, by accepting the
terms and conditions herein contained , the Client as the owner
of the payment card confirms that he/she shall be entitled to
use the Services offered on the Website.
By accepting the terms and conditions of this Agreement and
depositing funds to the Account, the Client agrees to the use
the Website’s Services and accepts that the processing of any of
the Client’s payment shall be executed by a provider of payment
services, being a third party to this Agreement (the
“Provider”), and the Client further acknowledges and accepts
that no legal right exists for return of already purchased
Services or other options of payment cancellation. In case if
the Client is willing to refuse from using the 1-Click service
for the next purchase of the Service, the Client can refuse from
1-Click service using the Account on the Website.
Note that 1-click deposits (recurring payments) are not
processed as 3-D secure transactions, the client needs to enable
3-D secure function if he would like the payments to be
processed as 3-D secure, as it's vital information in regards to
BTC withdrawal policy.
The Provider shall not be in any case liable for the
refusal/impossibility to process the data connected with payment
card of the Client, or for the refusal connected with failure to
obtain permission from the issue bank to process payment using
the payment card of the Client. The Provider shall not be in any
case liable for quality, amount, and price of any service,
offered to the Client or purchased by the Client of the Website
using the payment card of the Client. Paying for any Services of
the Website the Client first of all shall be obliged to fulfill
the rules of using the Website. We are asking to consider that
only the Client as the owner of the payment card shall be liable
for timely payment of any service ordered via the Website and
for all additional expenses/fees connected with this payment.
The Provider shall only be the performer of payment in the
amount specified by the Website and shall not be in any case
liable for any pricing, general prices and/or total sums.
In case of the situation connected with the Client’s dissent
with the terms mentioned above and/or any other reasons, we are
asking the Client to promptly refuse from making a payment and
to directly address the administrator/support of the Website if
necessary.
Annex 1 - General Terms
Technical Regulation
The Client’s Responsibility
The Client acknowledges that these General Terms are an integral
part of this Agreement.
It is the Client's responsibility to verify that all
transactions and Service(s) received are not contradictory to
any applicable law and to undertake any other legal duty
emanating from the use of Website at the Client’s sole option,
discretion and risk, and the Client is solely responsible for
ascertaining whether it is legal in the Client's jurisdiction
and/or place of residence. The Client holds sole liability for
all transactions in his Trading Account, including all cards
transactions or other means of deposit and withdrawal
transactions (as stated below). The Client acknowledges that the
Company reserves the right to accept or decline any deposit
and/or funding and/or withdrawal request by the Client depending
on the payment method that the Client chooses (which includes
but is not limited to the third party financial institution from
which the Client wishes to deposit/withdraw funds with the
Company (Third Party Institutions)), and the Company may suggest
to the Client an alternative for its request. It is important to
note that the Company does not have and cannot in any way have
any, control over such Third Party Institutions and any
transactions made by the Client through the Platform using such
institutions and it is hereby acknowledged and agreed that the
Company shall bear no liability, monetary or otherwise, in
relation to any loss of funds incurred by the Client pursuant to
any actions or omissions of Third Party Institutions.
The Client is responsible for securing his/her Username and
Password for his Trading Account. The Client holds sole
responsibility for any damage caused due to any act or omission
of the Client causing inappropriate or irregular use of the
Client Trading Account.
It is clearly stated and agreed by the Client that the Client
bears sole responsibility for any decision made and/or to be
made by the Client relying on the content of the Website and no
claim and/or suit of any kind will arise to that effect against
the Company and/or its directors and/or employees and/or
functionaries and/or Agents (the Company and/or its Agents). The
Company and/or its Agents will hold no responsibility for loss
of profits due to and/or related to the Website, Transactions
carried out by the Client, Services and the General Terms of use
or any other damages, including special damages and/or indirect
damages or circumstantial damages caused, except in the event of
malicious acts made by the Company.
Without limitation of the aforesaid and only in the event of
definitive judgment by court or other authorized legal
institution resolving that the Company and/or its Agent(s) hold
liability towards the Client or third party, the Company's
liability, in any event, will be limited to the amount of money
deposited and/or transferred by the Client to the Trading
Account in respect of the transaction which caused the liability
of the Company and/or its Agent(s) (if such was caused).
No Trading Account will be approved without the completion of
the Company’s compliance procedures, including the
identification and verification of the Account.
Risks
The value of the Financial Instruments offered by the Company
may increase or decrease. The Client acknowledges that they
fully understand the risks involved in trading CFDs (and other
similar products), including, but not limited to, the risk of
loss of all funds.
CFD Trading does not give you any right to the underlying
instrument of the Transaction. This means that you do not have
any interests in, or the right to purchase any underlying shares
in relation to such instruments because the CFDs represent a
notional value only.
Virtual currencies are complex and high-risk products, and their
prices fluctuates widely; as such, they entail the risk of
losing the entire invested capital. Trading cryptocurrencies may
result in significant loss over a short period of time. Clients
should not trade in virtual currencies in case they do not have
the necessary knowledge and expertise in these products.
The Client acknowledges that he has read, understood and
accepted the Company’s risk disclosure information found on the
Company’s Website.
Financial Information
The Company should not be held responsible for any losses that
the Client may incur (or to third party) due to reliance on
inaccurate or erroneous financial information on the Website.
The Client should verify the accuracy and reliability of the
information on the Website and its appropriateness in comparison
with other dependable information sources. The Company will not
be held responsible for any allegedly caused claim, cost, loss
or damage of any kind as a result of information offered on the
Website or due to information sources used by the Website.
The Client approves and accepts that any oral information given
to him/her in respect of his Trading Account might be partial
and unverified. The Client accepts sole risk and responsibility
for any reliance on the aforementioned information. The Company
does not give any warranty that pricing or other information
supplied by it through its trading software or any other form is
correct or that it reflects current market conditions.
Quotes
The Client acknowledges that the only reliable source of quote
flow information is the main server for customer requests. The
quotes on the Trading Platform cannot serve as a reliable source
of information about the real quotes flow, as in the case of
unstable connection between the Trading Platform and the server
part of the quotes from the flow may not reach the Trading
Platform.
The graphs displayed on the Trading Platform are indicative.
Thus, the Company does not guarantee that the transaction will
be made at the same prices specified on the graphs in the
Trading Platform at the time of submission of the other customer
transactions.
The price displayed on the Trading Platform is formed by the
formula (Bid+Ask)/2.
Non-market quote – the price in the Trading Platform which does
not correspond to the price on the market at this moment of time
(hereinafter referred to as the “Non-market price”).
Copyright
Copyrights and Intellectual Property (IP) on the Website are the
Company's property or of third parties which have authorized the
Company to use such IP on the Website and Service(s). It is
forbidden to copy, distribute, duplicate, present in public, or
deliver the copyrighted material, in whole or in part, to third
parties. It is forbidden to alter, advertise, broadcast,
transfer, sell, distribute or make any commercial use of the
copyrighted material, in whole or in part, except with duly
signed prior permission from the Company.
Unless explicitly stated otherwise, any material and/or message,
including without limitation, idea, knowledge, technique,
marketing plan, information, questions, answers, suggestions,
emails and comments (hereinafter – “Information”) delivered to
the Company shall not be considered the Client's confidential or
proprietary right of. Consent to the Agreement will be
considered as authorization to the Company to use the entire
Clients' Information (excluding Clients' Information designated
for personal identification), at the absolute and sole
discretion of the Company without requirement of any additional
permission from the Client and/or the payment of any
compensation due to such use.
Client undertakes that any notice, message or any other material
supplied by the Client shall be appropriate and shall not harm
other persons including their proprietary rights. Client shall
refrain from uploading or sending any illegal and/or harmful
and/or disturbing to other Clients material, and is strictly
forbidden from taking any action, which might damage the
Company.
Content and Third Parties’ Websites
The Website might include general information, news, comments,
quotes and other information related to financial markets and/or
advertising. Some information is supplied to the Website by
unaffiliated companies.
The Company does not provide investment research. All news,
comments, quotes and other information related to financial
markets published by the Company are of promotional/marketing
nature only.
The Company does not prepare, edit or promote the
information/links and/or other information provided by
unaffiliated companies.
The Company will not be liable for the content of any
third-party websites or the actions or omissions of their
proprietors nor for the contents of third party advertisements
and sponsorship on those websites. The hyperlinks to other
websites are provided for information purposes only. Any Client
and/or potential client use any such links at his/her own risk.
Processing of Client Orders to Open Positions
If the amount of available funds is sufficient to open a
position - the position will be opened.
If the size of the available funds is insufficient to open a
position - the position will not be opened.
The Client’s order to open a position is processed, and the
position is opened only after the corresponding entry in the
server log file. Each new position is assigned with a serial
number.
Processing of Client Orders to Close Positions
Closing of trading position occurs at the current price at the
trading server at the moment of closing of the trading
operation.
OTC Assets
OTC Asset or “over the counter” is an asset that traded out of
the regular market (hereinafter referred to as the “Asset”).
The Asset’s price is formed from data for trade requests and
orders of the Clients, received by the Company.
The Client acknowledges that by making trade requests and orders
on such Asset, he/she understands the essence of the work of
such an Asset and the pricing algorithm of the Asset.
The Client acknowledges that by making trade requests and orders
on such Asset, he/she admits that the only reliable source of
quoting information is the main server for the trade orders of
the Clients.
Benefits
The Company may provide benefits to clients, including but not
limited to, VIP status, tournaments and/or other privileges
(“Benefits”), at its absolute discretion and subject to
fulfilling the required conditions. The Client acknowledges and
accepts:
The Company reserves the right, without prior notification, to
amend or cancel any of the Benefits provided at any time for any
reason;
Conditions are subject to change at any time and may vary
depending on each region;
It is prohibited to abuse any of the privileges provided by the
Company (e.g. creating multiple trading accounts to claim these
Benefits);
The client may submit a request to to stop receiving such
Benefits at any time.