Terms And Conditions
All clients are advised to review these Terms and Conditions, carefully, prior to completing their registration process with us.
Approval of any of these terms, as indicated by selecting “I agree”, or “I accept” or a like statement resulting in signing up and/or use of our services, will be viewed that you agree to the Terms and Conditions, plus an admittance that you concur with its intent, and that you will obey all of its provisions. If you are unable to agree with any of the regulations listed below, refrain from accessing or using this website.
This English adaptation is the default document and is considered the most correct version if any translation is found which conflicts with the English wording.
Date of Last Revision: July 27, 2018
1. GENERAL TERMINOLOGY
1.1. This Agreement is executed by and between ForexBorsa LTD., (The “Company”), and the Client, a physical or legal person (the “Client”).
The Company owns and operates the site. Payment clearing and billing services are provided by ForexBorsa ltd.
1.2 Orders from the www.forexborsa.com will show on your billing statement as: forexborsa.com + 44 (20) 38077099
1.3 Our website is obtainable globally to all who have Internet access. Any access and partaking of our site, no matter the location, is contingent to these Terms & Conditions. You certify your approval to this form by your ongoing use of our services and website and acknowledge that you reviewed this Agreement and any supplements fully and thus you concur to carry yourself in agreement with its Terms & Conditions and Privacy Statement. Immediately stop using of this site if you disagree with these terms.
1.4 The Company can update or change the terms of this accord intermittently depending on their needs and by their own choosing, as long as the correct current version of the form is accessible to you via publication on the Company’s Web site. All modification take effect on the same date that they were uploaded to the site, which you accept. All Visitors are accountable to affirm if the Agreement was altered. From the day of its publication, all changes are enforced. Do not continue using our service if you do not agree to the terms and conditions. Kindly inform us by sending us a notification immediately. With your use of our site, you demonstrate your affirmation of the modified guidelines, policies, or terms from the Last Revision Date of our Terms & Conditions when you visited.
1.5 Your rights and/or responsibilities per this Agreement are not transmittable third parties.
2. AGREEMENT TERMS DEFINED
Below are terms defined which are included in this Agreement along with the definitions to them except for if stated differently in this Agreement:
2.1 “System” is the electronic services that enable online trading with Financial Contracts adopting the ForexBorsa trading platform completely within the terms of this Agreement plus the terms of the Trading Manual (described below) which is an essential portion of the Agreement;
2.2 “Financial Contract” or “Contract” is a contract to purchase and sell Online Trading or other financial goods which the Company can offer through the System periodically to its clients;
2.3 “Online Trading” is a trade which provides a preset locked return on investment at the start of the Contract;
2.4 “Contract Price” are the asset rates displayed by the System and formed on “indicative” estimates drawn-out from our diverse financial information systems as regards to the current corrected rates for contracts for a unique instrument in the financial markets;
2.5 “Markets” are any global markets dealing in commodities, finance, or other applicable assets, with contract rates set for free trade, and where numerous financial assets are exchanged;
2.6 “Business Day” is a single calendar day from 00:00 through 23:59 GMT;
2.7 “Order” is the selling and purchasing of a Financial Contract at a set fee;
2.8 “Closing” is an action placed to end an open trade (example, the sale of a financial contract recently bought or vice versa) at an amount matching the original order which was started on the same Business Day;
2.9 “Collateral” is the initial amount deposited with the Company by the user after removing any withdrawals or losses, and tallying any earnings derived from said Orders;
3. ELIGIBILITY FOR MEMBERSHIP
3.1 The Company System is provided to entities or legal persons living outside the EU and made available exclusively for use by companies or individuals that are qualified to enter into permanent legal contracts per the authority in their country. Due to your registration which is like a commercial entity, you announce that you hold the legal power to act in the place of that entity and execute this legal accord.
3.2 Anyone below the age of 18, or under the minimum authorized age of majority in your country of residence (“Minors”), or who are incapable of executing officially binding pacts within the laws of their place of residence for whatever reason, may not use the services of said Company. If you are a minor, you are not eligible to use this service. For the sake of being clear, individuals younger than 18, the Company declares legal responsibility for the use of its Services by Minors and deems it completely unapproved in any way or form.
3.3 Additionally, due to this being a precarious investment, only skilled individuals with a background in economic matters are assumed to be able to comprehend the warrants and the risks of opening accounts and contracts on our site. Only individuals who show their aptness with no need for any additional data located on our site are qualified to use said services. The Company clearly states that they are not obligated to check if a client holds enough familiarity and experience and that they are not responsible for damages or losses experienced by clients due to a lack of awareness or authority. Keeping in with the above-mentioned, we rebuff any responsibility for confirming and/or checking your level of competence and/or talent, and all responsibility for harm or damages endured whether it be direct or indirect due to your using the Site.
3.4 The ForexBorsa System can be used by residents of any country other than those listed below: France, Iran, Israel, North-Korea, Syria, Turkey, and Yemen. Our products and/or services will not be provided to these countries. With that said, residents from these countries may not apply for or open accounts with said Company.
3.5 The Company may deny and/or cancel admittance to their Services at its choice, to any persons regardless of the data provided above.
3.6 Clients may open only one account. Accounts which were created with a fake name or as an extra account opened by one person, will not be fit for trading including any profits or bonuses.
4. RESTRICTIONS ON TRADING
4.1 Financial Contracts laws in regards to trading are different worldwide, and you concur that you will abide by the laws, directives, and regulations for using our site that pertains to your region.
4.2 Please note, entrance to our Company’s Web site doesn’t necessarily mean that such Services and trades are regarded as legal within the regulations, laws, or directives of your region.
4.3 When you open an account, you confirm that you carried out an examination and that you found that there are no legal limits that could keep you from utilizing the System as mentioned in this accord. It is crucial that one comprehends that these Services shall not be used in areas they are unlawful. This means that the said Company may deny services, and/or may terminate Services, completely or in partially, to any individual any time, for any reason, by its own choice. This includes if said Company finds an activity on an account not approved under the laws of your region.
4.4 The client has the sole responsibility to report actions on their account to their tax preparer or other authority when this is required by the regulations of your region. Also, the client is responsible to pay any applicable governmental fees, levies, taxes, and charges that accumulate because of account activities. Includes in this calculation are cuts from the source. Clients also approve to forgo any claims versus the Company per this matter.
5. RISK DISCLOSURE:
5.1 FINANCIAL DEALINGS OR ACTIONS OF THE NATURE OF SUCH DEALINGS COVERED AND DEFINED THROUGHOUT THIS AGREEMENT SHALL BE REGARDED AS HIGH-RISK FINANCIAL UNDERTAKINGS. The Client affirms that he completely realizes that market figures can change even in a short time period and such variations can produce in high profits or losses. Thus this System is mainly relevant to those skilled individuals capable of managing damages ranging and as well as a complete relinquishment of all financed securities and/or money. The Client is responsible for attentive consideration if this kind of trade agrees with their purposes, by assessing your budget, not to mention your personal condition and a full awareness of the consequences due to your trading actions. AS THE RISK OF DEPLETION OF SOME OR ALL OF THE FINANCED FUNDS IN THE SHORT TERM IS GREAT, TRADERS SHOULD ONLY USE MONEY SET ASIDE BY YOU AS SUITABLE FOR HIGH-RISK SPECULATIVE TRADES, AND ARE MOTIVATED TO SEEK ADVICE FROM A SELF-RELIANT FINANCIAL ADVISER SHOULD THERE BE DOUBTS.
6.1 Once accepting this Agreement, the Company will establish a System account in your name and ownership, stemming from the applicable data you provided in the application process, and modified periodically for accuracy, when ordered by the Company. It is your responsibility to check that all information submitted to our Company is accurate, true, and complete. If it is found that false or misleading details were given, it will be deemed as a violation which will result in a prompt suspension of all activities in the said account or its termination.
6.2 You approve your permission that the instant we have finished the authentication of your identity by the procedure used by said Company, we then are ordered to convey you as a heir of the relevant holding account created by the financial organization which the Company depends upon to record Collateral funds associated to you, in the sums which tally a total balance documented in your account in the System, plus we could also transmit the financial services firm those identification facts which you provided us.
6.3 After your account is made, the Company will create a secret personal identification encryption for you (hereafter known as the “Access Code”) to access the account on the Internet. You hereby confirm that the responsibility to protect this Access Code falls on you alone. You also agree to abandon all claims versus the Company associated with the use of this Access Code in a prohibited manner.
7. RECORD KEEPING & RECORDINGS
7.1 You approve the Company’s documentation of telephone conversations or its use of an authorized entity to do so in its place. Despite that, there is no constraint for any correspondences to be recorded by said Company.
7.2 The Company will hold duplicates of all written requests submitted by you or may choose to contract with an approved party to execute this service in their place for a duration to be decided at their choosing. Plus, the Company or authorized party on its behalf will store records of all your requests.
7.3 Any recordings and/or chronicles produced by the Company can be used for all purposes the Company deems satisfactory, including the settling of disagreements between client and Company.
7.4 Any recordings and/or reports created by the Company are the exclusive property of said Company and their presence creates no responsibility to distribute or share said materials with anyone. Plus, if ever the Company is ordered to provide a copy of these recordings or is obligated to submit documentation relating to your account, at the request of stern directives from a legal or authoritative body, you will carry the entire cost for the duplication and/or copying of such documents and/or chronicles in conformity with the Company legitimate price list for the services will be imposed at that time.
8. LICENSE RESTRICTIONS
8.1 Your participation in the site relies on the issuance of a defined non-transferable, non-exclusive license which The Company offers you to enter and use our Site (the “License”). This license is constantly dependent on your compliance with every term in this Agreement. As a term of receipt, you approve not to retail your admission or grant entrance to the Site to other persons, and to avoid copying any and all content available on the Site for any other purpose or for resale without possessing the preceding documentation of the Company’s approval. You shall be held wholly responsible for any unlawful use of the Site coming out from the breach of this portion.
8.2 The certificate in this Accord given to you by the said Company to use this Software stays enforced for as long as this Agreement to remains in effect and in full force. This refers to any modifications to the Agreement which may substitute the original periodically. Ownership will be kept at all times by the Company of all Documentation, Software, or intellectual property privileges included therein. Any use of the Company’s Software by anyone, corporation, government organization, business, not exclusively given authorization or by any entity is looked at as prohibited and establishes a breach of this Accord.
8.3 You admit not to use any manner of electronic interaction included as an element of a Service located on the Site for conduct which might be viewed as abusive, intrusive, illegal, hateful, threatening, or obscene and concur to stop any vilification or harassment towards other individuals as you use the site.
9. INTELLECTUAL RIGHTS
9.1 ForexBorsa or any authorized third parties, along with our licensors, keep ownership of this Documentation, Website, and system program. Said ownership privileges can include terms, data and/or names that may or might not be identified with a graphic identifying it as a term, name or item in which a registered trademark is held or copyright is affirmed. The absence of any symbols related to trademarks, database rights, copyright, and other intellectual property privileges in the content of cannot, under any condition, be comprehended as meaning that the data, term, or name is not the intellectual of either a third party or us.
9.2 You shall not lease, loan, rent, display, distribute, disclose, publish, modify, or produce acquired works from the system program or any part of it. You cannot disassemble, adapt, decompile, translate, or reverse engineer said system program, or shall you try to produce the source code out of the object code in favor of the system program. You can transfer the system program to different computers that you possess, given that you use a single computer each time.
9.3 All privileges not given to you herein are intentionally restricted by the Company or their suppliers, partners, or applicable licensor. You shall not discard any copyrighted notice of the Company from any duplicate of a system program or Certification.
9.4 You approve to use the data gathered from the information systems of said Company exclusively for carrying out Orders within the Company’s System or Web site. You also agree that you will not operate electronic communication elements of a Service in the site for objectives that are abusive, tortuous, unlawful, and disturbing the privacy of others, or found to be threatening, embarrassing, defamatory libelous, obscene, harassing or hateful.
10. THIRD PARTY HYPERLINKS
10.1 The Company might provide a link to separate websites which are offered or managed by third parties. This link to the site(s) is not a backing or an approval nor is it an affiliation or a sponsorship to the specific site, their owners or suppliers.
10.2 We firmly alert you and advise that you make sure that you comprehend the risks related to the use of said sites before recovering, using or buying via the Internet. Links to such sites are offered solely for your suitability and you concur not to claim the Company as being responsible for any losses or damages due to the usage or dependence on any services, content, or products available on other sites.
11. KNOW YOUR CLIENT (“KYC”) & ANTI-MONEY LAUNDERING (“AML”) POLICIES
11.1 Money laundering is the process of taking money obtained illegally, introducing it into the legal financial system while attempting to show that it was acquired lawfully. Criminals look to use trading accounts as a means to cover up the currencies history. The said Company does not permit any form of money laundering and combats it daily. For the security of the company and the clients, specific guidelines are followed and adhered to. This is where our ‘Know Your Client’ method was created so that we could detect any suspicious behavior.
11.2 You hereby claim that any funds that you deposited into your account were of legal basis, have no criminal background, like drug trafficking, illegal arms trades, illegal gambling, prostitution, or the funding of terror organizations.
11.3 For the Anti-Fraud and Anti-Money Laundering procedures to be successful, new fraud controls and security practices that require us to accurately recognize a Clients’ identity in order to deter, detect and report potentially suspicious activity. Thus all clients are required to submit to the compliance department at [email protected] the below listed documents:
(I). A color copy of either a government issued valid driver’s license, passport, or state ID. Copy of driver’s license needs to be the front and back of the card showing the entire card. No black and white images will be accepted.
(II). A clear color copy of the front and back side of the credit/debit card(s) you are using to fund your account. Please make sure that the first 6 digits and the last 4 digits on the front your card are visible; You may cover the 3 or 4 digit CVV number located on the back of the card.
(III). A copy of a bank statement or your utility bill (phone, gas, water, electricity, etc.) that shows your full name and the entire home address and cannot be dated more than 3 months from your deposit.
(IV). A signed and dated declaration of deposit for every deposit that you executed on our System.
11.4 Before we can approve any cash requests the previously mentioned documents must be collected by our compliance department. There might be times that these forms will be required before any other specific action is taken on your account, for example, additional trades. Not having these documents can delay a pending withdrawal request. You will be notified by email of your status per your verification or specific requests you have placed.
11.5 The Company might, occasionally at its own choosing, ask clients to provide further or amended proof of identity (i.e. a certified copy of passport or any other type of identity) and could on its own decision discontinue an account if such documents have not been submitted.
11.6 ForexBorsa sends withdrawal funds back to the original method the client used to make a deposit. This is a preventative method to deter fraud or theft.
11.7 Any type of deceitful actions will be recorded and all and any associated accounts to those dishonest actions will be instantly terminated. All funds currently in those accounts will be surrendered.
12. MANAGEMENT OF DEPOSITS
12.1 Any trade being performed in the account is determined on the deposit you make into your account which is chosen by the Company, to be utilized as funds for the Orders defined herein. The said Company will not permit you to perform any Order if the deposit is lacking and/or in any circumstance that the Collateral is inadequate for the execution of a specific trade, contingent to the Company’s policy. If and when the Company lets you continue trading prior to receiving validation of deposit of such Collateral by you, and in reality, no funds were deposited, the said Company will have the justification to take away from any earnings achieved the amount which was to be deposited as collateral before the trade was allowed.
12.2 To avoid any ambiguity, all clients should know that funds collected from them are never invested in any currencies, derivatives, futures, securities, or other investments, on your behalf. These funds are exclusively used as a deposit on your account in the System.
12.3 The Company has complete authority in regards to the Collateral in your account until its withdrawal by you. Said Company might deposit equivalent funds together with any financial institution together with yet not restricted to these funds that are used as collateral related to your Orders.
12.4 If a trade is executed and there are no sufficient funds in the account, the said Company can reduce your exposure in the specific trade and/or contact you to correct the circumstance and/or request from you compensation in full for any shortage which was the outcome of your Order that was not protected by appropriate Collateral. Let it be known, that the previously mentioned privilege of the Company, doesn’t force it to lower your exposure in any trade and you will possess no accusations against the Company pertaining any losses as a result from the reduction or non-decrease of your exposure in any certain Order by the Company.
12.5 With regards to wire transfer deposits, it is the responsibility of the Client to verify that his/her account number along with the listed name of the account owner is included in every transfer made to the Company.
13. BONUS PROVISIONS
13.1 The Company grants Bonuses or trade-explicit credits (both hereinafter referred to as “Bonuses”) to all clients. Bonuses are a promotional program offered by the Company. Bonuses are given at our Account Executives’ choice. As Bonuses provide advantages, no Client is obligated to participate in them.
13.2 By choosing to accept Bonus, you are approving the Bonus-specific Terms and Conditions. Please be advised that Bonuses are final which irrevocable after they have been approved by a client and applied to an account.
13.3 Bonus being a promotional offer are not assignable nor are they transferable.
13.4 Each shared IP address, person, household, and shared computer can receive one Bonus, except if it is noted otherwise in the offeror is altered by the Account Executive.
13.5 The Company has the authority to modify or terminate any said promotional offer whenever they desire to with no additional notice, however, it should be only with an influence for future bonuses.
13.6 The Trading Amount Requirement for all bonuses is as described – clients are obligated to perform a comprehensive trading capacity of at best one hundred eighty times (x180) that of your collected bonus amount and your bonus qualified deposit unless clearly described otherwise in the applicable supplemental Terms & Conditions. This means that, if you accept a bonus worth $100 on a deposit of $1000, you will be obligated to amass a trading quantity of $100 x 180 = $18,000. This is strictly for fully settled trades (i.e. trades ending in a win or loss) are counted against the Trading Amount Requirement.
13.7 Please be advised that only “Standard” Long-Term trades and online trading (i.e. trades that end in either a win or a loss) with at the minimum a duration of 5 minutes will qualify for the satisfaction of your trading capacity requirement. In order to reach your trading volume obligation, your funds will be traded before your Bonus amount.
13.8 A bonus shall be collected once the Trading Capacity Requirement has been achieved and fulfilled.
13.9 KEEP in MIND that your initial deposits are traded on first; when they have all been staked, you will start trading on the added bonus.
13.10 Customers who have a withdrawal request, are not qualified to receive any bonuses.
13.11 PLEASE NOTE that when you accept a bonus, you approve that the funds which have been set as the bonus which this amount itself is subject to the Trading Capacity Requirements. Any effort to withdraw/transfer (plus transfers to different products) any monies within your account; also any cash balance that is NOT connected to the bonus, before completing the full trading requirements, will be rejected.
13.12 If you still have not completed the mandatory trading amount of a bonus and are trying to claim an additional or a second bonus, it is essential that you satisfy the wagering obligations of the first bonus prior to receiving and added bonus/es to wager with. Kindly note that pending your collective total balance (bonus amount and assigned funds) amid your current bonus and other awaiting bonus/es reaches fewer than $1, you will nonetheless be obligated by the wagering necessities for any accepted bonus/es towards your account.
13.13 Any hint of reward influence, arbitrage, fraud or other forms of devious or unlawful activity relating to the granting or facilitation of any Bonus will basically declare the client’s account as unacceptable, as well as deferment of any gains amassed during the lifespan of the account. If and when there is an argument, the Company’s decision will be absolute.
13.14 Furthermore, all additional Terms & Conditions apply.
13.15 The company has the choice to accept/drop a withdrawal request in cases of unique situations.
14. EXECUTION OF ORDERS & ORDERS
14.1 By accepting these Terms & Conditions of this here accord, you hereby allow and permit the Company, pending any drafted notice opposing to the effect will be collected from you by the Company, to execute out activities and orders in conformity with your directions or per to guidelines offered by your suitably authorized agent(s) orally and/or in writing all in correspondence with the authority granted to the said Company for the provision of the Services and/or by this contract.
14.2 The Company’s approval of your directives and its assistance in the carrying out of Financial Contracts will be in conformity with normal procedures in the international financial markets and accepted practices which relate to Financial Contracts of the same type executed by you when using the System.
14.3 All the trades will be done by the client at their own risk. The Company nor any approved entity in its place will be held responsible for any damages, losses, or arrears acquired by the client resulting openly or indirectly from activities contemplated by this accord. Regardless, any amount to be declared by you shall not surpass your Collateral.
14.4 Every now and then clients can notify the Company of individuals that they have granted or approved to correspond with said Company in your place. This information can be sent to the company in written form only, and it will consist of the identification details and names of the empowered person or the individuals. Furthermore, a signature sample of each and every individual will be provided to the Company. This assignment of power may as well be canceled in writing. Orally or drafted conveyed orders to carry on trades by any approved representative will bind the Company and yourself for all objectives and purposes.
14.5 The Company may nullify at its choosing trades that were carried out at rates which were ‘out-of-market,’ no matter if the trades were the outcome of defective market feeds, or misrepresents on the trading platform or human inaccuracy, if it were within the control of the said Company or not.
14.6 You announce that you approve and accept that a central arrangement to this accord, refers to the Company’s privilege to close down whenever, with no pre-notice, any Order done by you, if your portfolio reaches of zero value or less, as computed with respect to the variations in the Financial Contracts’ rates.
15. WITHDRAWALS & SETTLEMENTS
15.1 The Payment of your damages shall be subtracted by the Company or an approved party in its place from the Collateral and compensations of accumulated gains made out to you by the said Company or an approved party in its place. Any profits building up from your trades will be applied to your account as an extra collateral.
15.2 Your credit balance will carry no interest.
15.3 No monies or assets can be moved by any client to the other with regards to any trade.
15.4 If you elect to withdraw funds built up in your account, you need to, as a condition to handling your request,
(I) finish and sign the “Withdrawal Request” document which will be provided to you by an approved party on its behalf or the Company, and then reinstitute it to the said Company
(II) be completely KYC verified (see article 11 of these Terms & Conditions.)
15.5 The delivery of funds will not be executed by the Company before to the Company or an authorized party in its place, of the said form, signed both by you or your chosen delegate.
15.6 Without confining the previously-mentioned conditions,
15.7 Winnings will be paid to the creator of an account or to an account titled in his own name but not to any third party’s account. If a client holds an account funded by bank wire deposits, earnings are released to the bank account owner. It is the client’s responsibility to check that said account number and name are included in all deposits to the Company. If it is an account funded by credit/debit card deposits, the proceeds are compensated back to the exact identical credit/debit card used, in the value of the amount deposited. Other profits may be bank wired contingent to the situations mentioned above.
15.8 Let it be known that the Company offers NO currency conversion services thus your Collateral will not be reimbursed in a currency unlike the currency for which you used to deposit with the Company. The unsettled balance (of your receivables and arrears from the Company) will be refunded to you in the identical currency that you Collateral was in.
15.9 It could take the Company up to three business days to handle your withdrawal application. The time of approval, any disbursements requested by you will be transferred to your credit/debit card or personal bank account and no more than, seven (7) calendar business days subsequent to your appeal for payment.
15.10 All withdrawals are contingent to a standard withdrawal fee centering on the selected withdrawal manner. From the date of said Terms & Conditions, the valid withdrawal fees are along these lines:
• Credit/Debit Card deposits: 3.5%
• Bank Wire Transfer deposits: $20
• Withdrawals lower than 100 USD/GBP/EUR by Credit/Debit Card and/or Bank Wire Transfer will be subjected to a set withdrawal fee of $20.
16. REFUND / CANCELLATION POLICY
16.1 In the event where a Client funded or deposited money with the Company in regards to the services provided by the Company within the website, the Company has the right to send back/compensate the Client any sums collected in the following occurrences:
(I) By the Client’s request, dependent on the Client’s balance with the Company and contingent to their KYC compliance status
(II) there was a shared accord amid the Client and Company
(III) Company’s promise to provide specific services haven’t been received by the Client
(IV) When the contract is canceled and associations amid the Parties ended due to or without cause; all dependent to any fees of said Client to the Company.
17. SEDENTARY & DORMANT ACCOUNT FEES
17.1 Any account that has a balance and is inactive (this means that there are no investments, no trades no active positions, and no withdrawals being executed) for a duration of three months will be subjected to a monthly upkeep fee which is either 0.5% of the dormant account’s balance or 50.00 USD/GBP/AUD/EUR or, whichever of the two is higher.
18. SUSPENSION OF TRADING
18.1 The Company may choose to stop or suspend the trading availability offered by the System, the operation of the said website or portions thereof whenever they want without any advance notice within the following situations:
(I) in the case of, an outcome of economic, military, political, or monetary events (as well as unusual market instability or illiquidity) or any conditions beyond the control, liability and authority of the Company, the ongoing operation of this site or the System will not be rationally possible without unfavorably and materially affecting and influencing your benefits or the Company, or if, in the Company’s own choosing, a percentage cannot be computed for financial betting accords;
(II) If the communication ends normally employed in defining the rate or market price of any of the financial betting agreements or where the rate or worth of any of the financial betting accords cannot be quickly or precisely ascertained;
(III) Under such conditions, the Company or an approved party in its place can close any open trades you may have (by executing a Reverse Order) devoid of any prior warning that is sent to you, at a just market value replicating closely, the appropriate rates of the pertinent Contracts. Thus, you surrender any declarations of suits/indemnification/causes of action versus the Company in this circumstance and admit that this proclamation is a prerequisite to the legitimacy of the contract.
19. SUSPENSION OF ACCOUNTS
19.1 The Company may deny or cancel services and/or decline to allocate gains to any individual by its own choosing, as well as, without limitation:
(I) Should the Company feel that your actions on the site are a form of misconduct or illegal;
(II) Should the Company feel that the system provided to you was mistreated, or that you employed a method influence or control the System in general or with regards to a specific Contract.
(III) Should the Company feel that the email address that you provided to the Company is no longer in use or correct;
(IV) If a client neglects to submit to the Company any extra confirmation of identities like a notarized duplicate of a passport or other verifications as occasionally required by the Company;
(V) If the actions of the client cause monetary loss to the Company;
(VI) Should a client fail to obey with any Terms or Conditions of this accord and all the attached guidelines and instructions for said Service.
20. FINANCIAL DATA
20.1 Said Company can provide a wide variety of financial data that is created internally from suppliers agents, or partners (“Third Party Providers”) using one of its many Services. One of these methods is through quotes and news, financial market data, research reports and analyst opinions, graphs and data (“Financial Information”). None of the financial information obtainable on the site is intended to be regarded as investment advice. This information is provided merely as a service. Not the Company nor its Third Party Providers guarantee the completeness or correct sequencing, timeliness, accuracy of any financial data or the outcome of your using this financial information. This information can suddenly become untrustworthy for many reasons, like, economic situations or changes in market conditions. Not the Company nor its Third Party Providers are obligated to amend the information or sentiments, and we can disturb the movement of financial information when we choose to.
20.2 Additionally, it is understood that said Company is not, and will not, be accountable at all for the correctness of any information displayed on its Web site by others or by itself, and all available or cited item of data should be regarded as unproven information for the objectives of managing your risks and actions. We strongly stress that you need to validate that all information instructed by you was examined and approved by yourself, through separate information sources to your contentment before any actions taken by yourself on such Web site. SHOULD YOU NOT POSSESS THE ACQUAINTANCE AND/OR KNOW-HOW AND/OR EXECUTE ORDERS BASED ON A LEARNED BASIS OR PERSONALLY ASSESSED DATA PLEASE REFRAIN FROM USING OUR SYSTEM OR WEBSITE. The Company will not take on responsibility for any damages or losses, including, any harm of profit, which can be the results stemming from direct or indirect use of or dependability on said information as mentioned above.
21. LIMITED GUARANTEES OF WARRANTY
21.1 We are dedicated to checking the ongoing Services on the Site. Nonetheless, we take no responsibility for any defect, error, interruption, omission, deletion, delay, in processing or transmission, theft or damage, communications line malfunction, or unapproved access or modification of the Site or Services. The Company denies any blame for any complications or technical breakdown of any telephone system or lines, hardware or system program, servers or providers, computer online systems, or any technical breakdown due to technical issues or traffic overcrowding on the Internet, the Site or any Service. To the amount allowed by pertinent law, never will we be accountable for any loss or damage resulting from the usage of the Site or Services for any material displayed on or within the Services or Site, or the demeanor of any users of the Site or Services, be it offline or online. You approve to partake in the Site at your own exposure.
21.2 You concur that the Company doesn’t offer any gear neither is it an Internet Service Provider and thus it will not be accountable, intentionally or unintentionally, regarding any kind of failure whatever it be, resting on your side, or any equipment not offered by the Company and/or any Internet link glitch and/or any computer software or system program defects and/or errors including but not restricted to interruptions in the transfer of your orders or the hindered acceptance thereof. You will be liable for maintaining and providing the methods to admittance to the Website, which may comprise without constraint a modem, access lines, personal computer, or telephone. You are responsible for all entrance, license, service and subscription dues essential to access the Website and assume all fees acquired in obtaining such systems. Additionally, you accept all consequences associated with the usage and accommodation of data on your personal computer or any other device from which you will obtain access to the services or Website (hereinafter referred to as “computer” or “your computer”). You signify and certify that you have applied and plan to operate and uphold suitable protection in regards to the safety and authority of entrance to your computer, computer viruses or any equally damaging or inappropriate information materials, data, or devices. You concur that the Company won’t in any way be responsible to you in the case of damage, failure or ruin to your computer data, system, or records, or for errors, losses, delays or omissions coming from the failure or mishandling of any computer equipment or telecommunications or system program. You will not transfer in any way, be it intentionally or unintentionally, make vulnerable the Company or its online service suppliers to any computer virus or other equally harmful or unsuitable device or material.
22. LIABILITY RESTRICTIONS
22.1 By activating and signing up to this Site and financing your Trading Account you agree to the following:
(I) You are mindful that the contract amounts offered by the Company are the proportions which the Company is prepared to sell online trading. Such rates don’t AUTOMATICALLY echo live market prices.
(II) When you purchase an online trading account, you could place yourself to significant loss of the capitalized money or possible complete loss of your participated funds
(III) You reviewed the terms of this accord and every term associated to Financial Contracts as they are identified in this contract before any actions of any Financial Contract and fully comprehend the fates and results of achievement or failure.
(IV) You are conscious of the possibilities associated in the carrying out of the trades described in this accord and you read and accepted the Risk Factors Disclosure.
(V) When using this site you concur to take on complete and absolute responsibility for your decisions actions, and research.
(VI) Neither promise of performance, any anticipated Return on investment nor outcomes is provided at any time.
22.2 When using the website or any services provided by the Company, such user approves that the said Company or any entities related to the Company will not be liable for any intended or unintended, significant damages or losses coming out of the usage, or the usage of alerts, data, manual, worksheet, system program, directives, signals messages, instructions, etc. and any information available referring to its application and understanding.
22.3 You admit that you alone are accountable and obligated for all actions and trades to be carried out in your account, as well as the payment of any Trade, either executed by a family member, you in person, an attorney or agent or said Company’s employees following your orders, or any third party who were given access to the account. You also concur that not the Company, its employees, or any individual in its behalf will be responsible in any way what may be regarding the results or penalties of such orders and/or actions. You are liable for guaranteeing that alone will manage access to the account and that no minors are provided entry to trade on the System. Anyhow, you remain completely accountable for all positions executed within your account, including any credit card trades placed on the site for your account. You will also indemnify the Company in regards to any losses, and costs, which the Company might suffer as a result, intended or unintended, due to the lack to perform or resolve such an order.
22.4 You confirm to protect and indemnify our company and its directors, officers, agents, and employees and to hold them inoffensive against and from any claims, damages, expenses, losses, and liabilities, as well as without limitation to just attorney’s costs and fees, coming of/or in any way associated with your use or access to the Site or its Services, your break of any of the terms of this accord, or your betrayal of any appropriate laws or guidelines.
22.5 RESTRICTION OF LIABILITY WILL IMPLEMENT THE FULLEST EXTENT ALLOWED BY LAW IN THE APPROPRIATE JURISDICTION AND ON NO OCCASION WILL THE COMPANY’S COLLECTIVE OBLIGATION TO YOU SURPASS THE SUM OF MONEY YOU DEPOSITED OR TRANSFERRED INTO YOUR ACCOUNT ON THE SAID SITE IN ASSOCIATION WITH THE TRADE CAUSING SUCH LIABILITY
23. TERMINATION OF CONTRACT
23.1 The Company might end this agreement whenever by providing you a message to this effect. You can terminate this accord whenever by submitting 48 hours prior notice to the Company. From the date of the discontinuation notice by you, you cannot carry out new Orders, which will activate new trades in your account, and your current open trades will be terminated with the current existing rates.
23.2 The authorization which was given will be canceled should the Company feels that any data provided by you, like your e-mail, is inactive or not correct, or in case that you are unsuccessful in obeying every term or condition of this accord including all guidelines and rules for each service. The Company will view this as if you performed a crime on the System (as well as the assumption of a trade beyond the market rates).
23.3 If a break of these Terms & Conditions takes place, you concur to stop accessing the Services. You approve that the said Company, in its own choosing and devoid of notice, may end your access to all or part of the Services, cease any open trade and eliminate and remove any data or content from its Service.
24. ADDITIONAL RIGHTS & RESPONSIBILITIES SEVERABILITY
24.1 If and when any condition in this contract is believed to be unacceptable or unenforceable, the residual arrangements will persist in full power and effect.
24.2 No Release: The shortcomings of an entity to apply any privilege or provision of this accord will not be considered to be a discharge of such provision or right.
24.3 Transference: Our Company can transmit this accord or any privileges and/or duties hereunder beyond your approval.
24.4 Entire contract: This accord, with all Sections listed, encompasses the whole and absolute contract of the Parties with regards to the said affair hereof and replaces any and all prior and simultaneous representations, proposals, arrangements, understandings, or contracts whether they be drafted or oral, until now made among the Parties and referring to said subject matter. If a Customer is made up of multiple individuals or entities, the terms of the said contract will combine all of them together and severally.
24.5 Announcements: The Company or an approved party in its place can deliver any notices and forms by e-mail, post service, courier, telex, or by fax, as it feels most befitting. Any notice that you will send to the Company must be sent by courier or as certified mail. Such notice will be operational when it is received by the by the Company.
24.6 Jurisdiction: This contract will be understood and imposed in agreement with the laws of Estonia, and will be ruled by the said governing nation, notwithstanding any disagreements of laws principles. Each of the sides hereby irreversibly
(I) agreement to any proceeding, legal action, or suit with regards to this contract being served solely in the capable courts (the “Courts”) and relinquishes to the highest extent allowed by law any opposition that might arise now or hereafter to the location of any proceeding, action, or suit in any such Courts and any declaration that such proceeding, action, or suit has been presented in a troublesome forum,
(II) approves the capability of such Courts,
(III) clearly submits to the select jurisdiction of such Courts in any proceeding, action, or suit and
(IV) concurs that final judgment in all such proceeding, action, or suit presented in such Courts shall be decisive and binding and may be imposed in all courts.
Please do not hesitate to use the customer support Live Chat located on our site or to contact us by e-mail at [email protected] if you have any inquiries concerning these Terms and Conditions.